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Business Development

When a Company’s Brand Sends Mixed Signals – Part 2

In many ways, the brand is the Achilles heel of the corporate world. As companies shift more and more to being all about brand meaning and brand image, the more vulnerable they are to attacks on image. That is why it is increasingly critical for companies to protect every aspect of their brand, and work hard to avoid having any mixed messages about the company’s purpose and position. That includes guiding – as much as is possible or practical – what the company’s own people say about the company. This is a challenge for even the most successful businesses.

In fact, last week, LinkedIn’s CMO Network — the #1 Group for Chief Marketing Officers — posted this question for discussion by some of the top marketing minds in the world: “We are so sensitive about the language in our marketing campaigns and websites. How do we ensure our employees use the right words and tone while talking to customers?” There is an understanding at the highest levels of leadership that all brand cues must align in order to avoid mixed messages. Marketing cannot be saying one thing while sales is saying something else altogether. Materials cannot tout one image while leadership makes decisions that communicate the total opposite. While there are strategies (such as a clear Social Media Policy, scripted telemarketing dialogue, templated sales letters and emails, training sessions and a sales manual) that can help ensure sales efforts align with the company’s position, protecting a company’s brand goes far beyond that. Whether it’s a company’s marketing strategies, business tactics, or its approach to customer service, a business brand should obey the three Cs: be clear, cohesive and consistent.
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When a Company’s Brand Sends Mixed Signals – Part 1

Every company, no matter its size or purpose, has a brand. Regardless of whether the owners and leadership know what the brand is or what it stands for, the company brand exists. In theory, a company’s brand speaks about its purpose, voice and values. The brand reflects what the company does and does not do and how it wants to be viewed by the world. In practice, it also reflects what others – customers, potential customers, vendors, investors, and the general public — think about it. A brand reflects how the company is actually perceived by the world.

So a company’s brand is not just its logo or iconography, such as Nike’s swoosh or Apple’s bitten apple. Nor is a brand just it colors or fonts. That’s all just window dressing. A company’s brand is comprised of a multitude of elements that feed into the total picture or image (or in some cases the façade). Values. Voice. Personality. Corporate integrity. Product quality. Service delivery. Look/style. Marketing. Customer engagement. Approachability. A company’s brand is a reflection of all of this… combined. The better a company manages all of the elements that comprise its brand, the more likely it is to thrive long-term. To succeed, a company should be genuine in what it stands for and authentic and on point in everything it says and does. All of the messages should align.

But sometimes the messages don’t align. What happens if a company’s brand – this myriad of messages – sends mixed signals? What happens when there is a ‘disconnect’ between a company’s values and the quality of its products, or between its marketing messages and the actual service it delivers, or between its public voice and its online engagement? What happens to a brand where there are mixed messages muddying the brand’s image?
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Appetizing Alliances: The Ingredients of a Successful Partnership

There are similarities between creating a successful partnership and cooking a great dish. In order to create a meal that is a culinary success, a good chef starts with the right ingredients. Certain ingredients are essential. Without those, the dish will taste either wrong or bad. But it’s not just important to have the right ingredients. The quantity and quality of each ingredient also matters.

Just as in cooking, the same is true of the ingredients – or considerations — that go into a partnership. While following a set list of recommendations does not guarantee that a partnership will succeed, these tips will likely significantly increase the chance of success. Continue reading

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Specialist or Generalist?

It seems that professionals and businesses alike are constantly pulled in two directions, like a rope in a tug of war. On the one hand, intense competition and increased complexity beckons for people and companies to specialize not only in a particular field, but to further specialize within that field to a subspecialty, and perhaps even a niche area within that subspecialty. The specialist is the authority on a given topic, with a depth of knowledge that far exceeds most others. The specialist may know very little about most things but knows practically everything there is to know about one particular thing.

On the other hand, because of the complexity of the world, there is also tremendous pressure to stay current with many different subjects. The generalist has a wide body of knowledge. While the generalist does not have deep expertise about any particular topic or area, he has a rudimentary (and perhaps sometimes even greater) understanding of a great many things. With this broader perspective, the generalist is able to see angles, connections, and big-picture implications that others might not see.

So which is better? This constant battle between specialist or generalist occurs in all businesses and for all types of professionals: accounting, law, finance, real estate sales, lending, finance, etc. What makes the most sense for today’s marketplace? Is it better for a professional to be a Jack-of-all-Trades or a Master-of-One? Should a company try to be all things to all people, or should it zero in on select services or specialties and do only that? There are solid arguments for either position. How does a person or company decide whether to generalize or specialize? Continue reading

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Attention Deficit, Part 2

Defined as “the concentration of attention or energy on something”, focus is clearly a behavior that businesses want from their staff and customers. Employers want employees to focus on their work. Companies want clients to focus on the marketing message, sales pitch, product displays or services being offered. But, with all the diversions and noise that compete for our attention and energy in today’s world, it is very easy to fall prey to distraction. If everyone is being driven to distraction, just how much is this lack of focus affecting business, and what – if anything – can be done about it?

Some economists and business strategists see focus – not ideas or talent — as perhaps the scarcest and most desirable resource today. In a sense, focus is seen as the distilled, concentrated part of a person’s mind. Focus is what puts a person “in the moment”. It is the difference between hearing and listening. It is the first essential element upon which all business transactions start. Some experts have even gone so far as to say that only companies that learn to effectively capture, manage, and keep attention — both internally and out in the marketplace – will be able to succeed in the increasing information-cluttered world of tomorrow. So how does a company capture, manage and keep focus, especially that of customers?
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The Power of A-B Testing – Part 2

Last week we looked at the power and purpose of A-B testing. We defined A-B testing as a simple random experiment with two variables or options, A and B, which are the control and treatment in the experiment. As the name implies, two versions (A and B) are compared, which are identical except for one variation that might affect the behavior. Version A might be the currently used version (control), while Version B is modified in some respect (treatment).

A-B testing is used in all kinds of applications, business and otherwise. Given today’s complex marketplace, companies often use it to either determine or validate the best approach for sales and marketing efforts. In marketing, it can be used to test the effectiveness of digital ads, web pages, online tools, web offers, client preferences, and email, among other things. While it is an illuminating approach for assessing and optimizing sales and marketing efforts, A-B testing requires patience, tracking and lots of data analysis. A company’s leadership must be willing to commit the resources and provide the tools to be able to do A-B testing effectively. Let’s look at best practices for A-B testing in sales and marketing and debunk some myths and mistakes related to this powerful tool.
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Forget the ‘Sales Pitch’… The Seven Cs of Collaborative Sales Conversations

Every company or business must ‘sell’ its products or services to survive. As long as there is competition, there is a need for sales. It used to be that salespeople would lob fast balls of information about a product or service at a customer to make a sale. Hence the term sales ‘pitch.’ The problem with pitching information is that the customer’s response is to either swing to bat it away or duck to avoid it. Perhaps that is why the old-fashioned ‘sales pitch’ is being replaced with a better approach.

Whether face-to-face, on the phone or via some form of messaging or social networking, the method of selling in which information is spewed at a customer like a fire hose is largely ineffective in part because the pitch approach is a monologue, not a dialogue. Those still using that approach might consider ditching the “pitch” and instead treating the sales process as a collaborative conversation…. a dialogue in which the salesperson asks thoughtful questions, listens carefully to the customer’s answers, seeks to understand the customer’s needs, and offers a valuable solution to a problem. Here are the qualities of a great collaborative sales conversation.
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Effective Email Marketing in 2014 – Part 3

Email is one of the most popular and effective yet complex and frustrating methods of marketing used today. On the one hand, email marketing is cost effective, instantaneous and has the highest ROI of any type of digital marketing. On the other hand, email deliverability is unreliable and can be technically-challenging. Beyond the basics of good message, good design and email list validity / cleanliness, there are factors involved in the email delivery process that are beyond the sender’s control. That’s because an email does not go in a straight digital line from the sender’s outbox to the recipient’s inbox. Why? Well, it basically boils down to a fundamental flaw in the system. Traditional SMTP (email) servers were never designed to deliver bulk, outbound email. They were designed for individual emails. The primary workaround for bulk email, especially those that involve large lists, is batch deliveries and that causes delays and problems.

Even with batch deliveries, spikes in email volume raise red flags with major Internet Service Providers, such as Google, Yahoo! Hotmail and AOL. Given that many of the emails sent on a daily basis could be classified as spam – in that they are sent in bulk and are unsolicited — ISPs created sophisticated systems to prevent overwhelming their networks. ISPs scrutinize every message that comes on the network and decide what to do based on certain characteristics. Sometimes this scrutiny gets in the way of legitimate email delivery. For that reason, it’s important to implement best practices that increase email deliverability. Last week, we examined such basics as improving email address collection practices, and cleaning existing email lists. We also examined a key practice of getting email permission from all contacts. Beyond the basics, there are some additional technical steps that can be taken to help with email deliverability. Here’s how.
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Effective Email Marketing in 2014 – Part 2

The four letter word in the world of email marketing is SPAM. No marketer wants its emails to be considered spam. No company wants to be labeled a spammer. Certainly no business wants to be blacklisted. And yet, it is estimated that there is anywhere from 200 billion to upwards of 1.5 trillion spam email messages broadcast daily. Just exactly what is considered spam email and what isn’t spam? Email spam — also known as junk email or unsolicited bulk email — involves identical or nearly identical messages sent to numerous recipients via email. Definitions of spam usually include that 1) the email is unsolicited and 2) that it is sent in bulk. However, based on that, when any company sends an email to all of the contacts in its database (for whom typically it does not have explicit permission to email), that is spam. Spam email was named after Spam — the luncheon meat — which is considered ubiquitous, unavoidable and (to many) undesirable.

Because of the widespread deployment of spam email, Internet Service Providers have been and continue to be focused on developing ways to identify and eliminate spam (or at least reduce the volume of it) without preventing ‘permissioned’ email activity. It is a challenge. New strategies and metrics are being developed to decrease spam email deliverability. The focus is a one-two punch. First, ISPs are punishing unprincipled email senders who deploy unsolicited, bulk emails. Second, ISPs are rewarding compliant email senders that are sending ‘permissioned’ emails. For companies that want to not only behave respectfully and ethically but , it is important to use legitimate, proven email marketing strategies. As an added bonus, email compliant senders also enjoy improved email deliverability and therefore get better results. Thus, employing email marketing best practices is a win-win. Continue reading

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Effective Email Marketing in 2014 – Part 1

Many marketers feel that email marketing has a better return on investment than pay-per-click advertising, content marketing, social media, offline direct marketing, affiliate marketing, online display advertising, and even mobile marketing. Perhaps that’s because 91% of consumers check their email at least once a day. It would explain why about two-thirds of in-house corporate marketers rate emails as having “excellent” or “good” ROI.. In fact, it is estimated that email marketing has an ROI of 4,300%. Even if that percentage is grossly exaggerated, it is hard to deny that emails are an invaluable and cost-effective marketing vehicle for most businesses.

However, recent research also shows that average inbox placement rates stand at about 76.5% globally. On average, one out of every four emails does not get delivered to its inbox. That applies just to emails where the email address used by the sender is complete, current and correct, and does not even factor in email addresses that aren’t delivered because the email address used by the sender is incorrect, outdated or incomplete. That is because there are approximately 1.5 trillion spam email messages being broadcast every day. The challenge for ISPs has been and continues to be how to identify (and eliminate) that volume without preventing ‘permissioned’ email activity. Therefore, most major Internet Service Providers are using new strategies and metrics to guide email deliverability. The focus on email deliverability is no longer just about punishing ‘bad’ emails and unprincipled email senders (a/k/a Spammers). ISPs are now considering also how to reward ‘good’ emails and compliant email senders. Given the potential value of email marketing and the problems with email deliverability, it is important for every business and manager to be aware of the major factors impacting email deliverability today and understand legitimate, proven ways to improve that deliverability. Continue reading

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