Marketing

Self-Defense Against Business Hijackers

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Do you own the patent on your product, service or process? If not, you are in danger of being “knocked off” by a competitor at some point. Chances are that they’ll charge less than you for what appears to be a similar offering.

In my January newsletter, I said

“…there’s really no way for products to be truly unique anymore — at least not for more than a few months. Companies that create technological advancements that customers will pay for usually see copycats coming up right behind them.

“So what do you do in an environment where your advantages can be ripped off so quickly?”

Have you seen those SodaStream commercials on the air recently? Seems like a cool product, right? As someone who knows very little about such things, I also thought it was pretty much a one-of-a-kind product.

Well, earlier this month, I saw knock-off Cuisinart version merchandised right next to the “name brand”…on the SodaStream-branded shelf display (complete with SodaStream video playing on a loop) — for $30 less. In a national retail chain.

I wish I could find the picture I snapped.

SodaStream spends $18 million/year in advertising (according to the most recent figure I could find), including buying for premium shelf space and an in-store video player, only to have Cuisinart undercut them on price and hijack customers at the moment of decision.

How do you think customers will react when they see a competitive product, which could be just as good, for nearly a quarter cheaper?

More importantly, can you see how this applies to your own business? Are you facing competitors who charge less than you? Does their mere existence cost you sales?

How can you protect yourself? Here are a few thoughts.

1) Have better, more resonant marketing. When potential customers form an emotional or mental bond with your product, service or more often your brand, they often look for you — not the other guy– when they’re ready to buy.

2) Offer an insane guarantee and/or service after the sale. Think LifeLock. They offer a $1 million guarantee if identity thieves get their hands on your information. (They’re a good example of strong marketing, too. Remember the commercial where the CEO broadcast his social security number?)

Service after the sale can set you apart from all of your peers. It’s a terrific way neutralize the fear that kills so many sales. When customers buy from anyone else, they’ll be all alone, trying to figure out how to set up, maintain and get the most from their purchase. You can make life easy for them by being there for them.

3) Does your product carry prestige, recognition or affiliation with some desirable group? Compare diamonds and moissanite. They look alike; some will even say that moissanite looks better than diamonds. But everyone knows which is a more desirable symbol.

4) Offer a bundle or bonus. The added value can make all the difference when it’s time to buy. Another idea would be to link your offering with a related product that would complement the purchase. Again, you’re making the consumers life better and easier than it would be if they dealt with the competition.

5) Create implicit doubt in the quality of the competitive service. Be sure to do this carefully and with class.

You could say something like this: “Plumbers at Acme are the only ones certified by the Illinois Board of Health for contamination-free work in residential and commercial buildings.” That means anyone else could be leaving dangerous germs all around your house. How much more would homeowners be willing to pay to protect their family’s safety?

Don’t attack anyone when you’re using a tactic like this, and always be 100% honest.

If you need some help crafting and implementing your own uniqueness, USP Made Easy may be exactly what you’re looking for.

 

Inception in Real Life

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As a marketer or copywriter, can you imagine anything more powerful than the ability to plant an idea directly into the minds of your prospects? An idea they think is their own? One that makes selling your product or service effortless?

I remember when I first heard about the movie Inception, this thought came to mind. Inception, if it were possible, would be the ultimate tool for marketers (not to mention politicians, teachers, lawyers, etc.). But I couldn’t see any real, practical way for it to work in real life. After seeing the film and reading some of the commentary, I see that I was dead wrong. Not only is inception possible, but it’s happening every day.

Continue reading “The Art of Planting Ideas” on the Kauai Design Graphics blog.

Joe Sugarman, Drayton Bird and Me

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A couple weeks ago, I had the great pleasure of speaking at length with Joey Bushnell about copywriting, marketing and finding ways to get your business through tough economies like the one we’re facing right now.

There are two reasons this interview was special:

1) You know it’s hard for me to stop talking once I get started. Joey gave me a full hour to speak my mind.

2) This chat follows interviews with some of the greats in our industry: Joe Sugarman, Bob Bly, Drayton Bird, Ted Nicholas, Chris Marlow and others. I was humbled to be named among these legends.

During the call, we cover

  • why unique selling propositions (USP) can be bad for your brand – and what you should replace them with
  • 4 ways many businesses are sabotaging their own marketing
  • the reason most people struggle to persuade others and plenty more.

Check out the interview, Compelling Marketing Messages, over on Joey’s Web Marketing Inner Circle site.

It’s free to listen to. You don’t have to give your email address or anything, and there’s nothing for sale. Just sit back and see how much you can learn.

Enjoy!

Pork Chops and Big Promises

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Planet Porkchop Sign - Calumet City

There is a restaurant a few blocks from my house in south suburban Chicago (Calumet City, to be precise) that makes a pretty bold statement. Their sign claims that they are THE “Home of the Giant Pork Chop.”

Right up front, I’ll admit that I’ve never eaten in this establishment. I’ve never seen their pork chops. But my lack of formal knowledge won’t stop me from making a few observations.

1.) When I read the tagline about the gigantic slabs of pig flesh you can buy at Planet Porkchop, I laughed to myself. How can this little restaurant have bigger chops than anyone else? Have they been around long enough to be the home of anything as readily available as pieces of pork?

The point is this: the marketing/branding statements you make have to be believable. Remember Al Gore’s claim to have invented the internet? Didn’t turn out so well for him.

Even if you’re telling the truth, you may never get the opportunity to prove it .

2.) On the other hand, bold claims are great. If you can make big promises, do it. If there’s something truly special, truly outstanding about you, your product or service, don’t be shy about it.

In fact, make the biggest, boldest claim that you can honestly make.

So many people wonder about how they can differentiate themselves and stand out from their competition. Find something amazing about what who you are (individually or as a business) and what you have to offer, and shout it from the rooftops. Figuratively speaking.

3.) Question: If you drove by this sign, would it move you to stop and eat?

Answer: Maybe.

For some people, this advertisement would never work. Some people don’t eat pork for religious or health reasons.

Other people like pork chops, but they’re not hungry when they drive past. Maybe they’ll consider trying their food another time.

Still others like pork chops, and seeing the piggy sign puts them in the mood to eat.

The lesson, of course, is that advertising and marketing cannot work for every single person. And it will not work every time. To get the most bang for your marketing buck, you have to put the right message in front of the right audience at the right time. Even then, don’t count on getting 100% to buy.

4.) You instantly know exactly what this business is about. They take pride in their pork chops. That’s what they do best. They’re specialists in that area.

Do you know your area of unique expertise? How well are you sharing that message?

Related Post

Small Restaurant, Big Lesson

Small Restaurant, Big Lesson

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Just Turkey Sign - Calumet City

It only takes half a second to know exactly what this restaurant specializes in. You already know what they’re about, even though you’ve never been inside. You’ve never seen an ad for the place. In fact, most of you have never even heard of this joint. But you can tell a whole lot from the sign.

Question of the day: do your prospective customers know what you do? what you’re about? How clear are they about what you have to offer?

What condition makes for a better customer: confusion or clarity?

(This picture was taken at a restaurant not too far from my home in Calumet City, IL.)

Related Post

Pork Chops and Big Promises

Big Ideas that Impacted Me in 2012

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Happy New Year!

I’m pretty sure most of you will not be reading this newsletter in December, but for the record, it’s still 2012 here in Chicago as I’m typing. I really didn’t mean to wait until the last minute to get in touch with you this month, but this month has been crazy busy.

For this final communication of the year, I wanted to talk briefly about 2 ideas that had a major impact on my thinking over the past months. Maybe they’re not new to you, but I think they’re worth rehashing.

Let’s go!

The Necessity of (Servant) Leadership

People generally don’t like to be told what to do. But, people need leadership. They crave it.

Leaders create a vision for the future. They inspire others and give them courage to move forward. They know (or at least seem to know) just a little more than the rest of us and provide lantern-light so we can follow their path.

You have to start thinking about your business in terms of leadership. We’ve talked about becoming an authority in your field and demonstrating your expertise. Leadership goes one step further. Your customers and prospects are looking for someone to help them do what they already want to do. The person or business which can eliminate the risk they’re facing, help them make tough decisions with confidence and show them the best path they can take to get to get what they want in life will gain unconquerable loyalty from those whom they serve.

The kind of leadership I’m talking about is based on just that: serving people. You’re leading them because you care. Leading because you can honestly help them achieve something great. Believe it or not, making their best interests your priority will pay off for you. As the late Zig Ziglar said, “You can get everything in life you want if you will just help enough other people get what they want.”

“Didn’t Come Here to Read”

Rumor has it that during the World Series in 1957, Yogi Berra, catcher for the New York Yankees, was trying to distract Hank Aaron during a crucial at-bat. Well, Tony Evans tells the story better than me. Check out this 1-minute video –> http://www.youtube.com/watch?feature=player_embedded&v=0a3XygWsHEI

You have to know what you’re here for. What’s your purpose? Who is the audience you’re called to lead and serve? That’s really where business success starts.

If there’s any area I’ve struggled with this year, it’s right here. Knowing and being consistent with my “why” has been a challenge I need to tackle better in the new year.

Thanks for spending 2012 with me. I would love to hear from you, and I’d love to connect with you on social media.

Google+
Twitter
LinkedIn

As always, feel free to let me know if there’s anything I can do for you.

Create Hard-to-Resist “Packaging” for Your Product or Service

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Presentation is everything.

Do you remember the episode of the Cosby Show where Vanessa introduces her fiancé Dabnis to Cliff and Claire? (This is one of my favorite episodes on one of my favorite shows.)

In the final scene, the newly-engaged couple is sitting at the dinner table with rest of the family. Cliff tells Dabnis, in very graphic terms, that they would never like him because of the way Vanessa “presented” him. Watch the scene, starting at about the 1:00 mark.

You can have the most amazing product or service on the face of the earth, but if you “package” it wrong, if you present it to potential clients on a garbage can lid (to use Cliff’s illustration), you’ll never be as persuasive and successful as you should be.

I had the opportunity to talk with the brilliant marketing consultant Steve Gordon about this very subject. When creating irresistible offers for your product or service, packaging makes all the difference in the world.

Invest half an hour and listen to my interview with Steve at http://stevegordonmarketing.com/how-to-sell-your-product-or-service-with-an-irresistible-offer/. It could mark a real turning point for your business.

Persuasive Language: An Interview with Matt Fox

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“Words are, of course, the most powerful drug used by mankind.” – Rudyard Kipling

Choosing the words we use in our sales presentations, marketing messages and everyday conversations can make all the difference in the world. Unfortunately, many of us do not select our words purposefully or even consciously. It’s impossible to count how many times a cautious “no” might have been turned into an enthusiastic “yes” if we had been more thoughtful communicators.

This past weekend, I had the privilege of speaking with Matt Fox, who is an expert in the use of persuasive language in sales, marketing and all sorts of personal interactions. He gave me nearly two hours of his time, explaining how to use words more persuasively. I was able to record about 75 minutes of golden material.

During our chat, we talked about

  • the 3 kinds of psychological resistance
  • why closing techniques are often very ineffective
  • how tiny words can create huge impact through presuppositions
  • why “increasing perceived value” is not necessarily the best way to increase sales
  • a simple way to make it impossible for someone to ignore what you’re saying
  • and tons more.

If you have a 100% conversion rate and you always get what you want, you may not need to listen to this interview. But if you’re not quite there yet, you can learn a lot from Matt. Take a listen.

Persuasive Language interview with Matt Fox

Note: I started recording my the conversation before the formal interview began. We attached that to the end of the MP3. Consider it bonus content!

Note #2: Don’t forget to check out Matt’s website at PersuasionTheory.com.

Expect Resistance and Overcome It

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Selling is hard.

Rather, selling can be hard.

Each of us has certain built-in psychological resistance to “being sold.” The challenge marketers and salespeople face is circumvent that resistance.

In a 2-part series on the Diamond Website Conversion blog, I’ve gone into detail about several specific forms sales resistance takes on, and more importantly, ways you can bypass it.

No matter what you sell, no matter what field you work in, these obstacles exist in all of your prospects to varying degrees. Do you know how to overcome them?

Overcoming Your Prospects’ Hard-Wired Conversion Obstacles
Part 1: Skepticism, Inertia and Reactance
Part 2: Cognitive Biases (confirmation bias, normalcy bias, etc.)

What An Alley Mechanic Taught Me About Selling ANYTHING

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In the middle of last  summer, I took my Chevy Astro to Chuck, a mechanic my father-in-law recommended for some long-overdue tuning up. He had done some work for Pops in the past. He was one of those backyard mechanics who worked more for the love of cars than for the money. So he was a lot cheaper than the big name shops, but he did good work and he was fast.

I know very little about fixing cars. But Pops does. If he trusted Chuck, I wouldn’t give the recommendation a second thought.

So we took him the van. He did his thing. He was fast and friendly. When I returned to pick it up, Chuck mentioned that the car wasn’t in perfect condition, but he had gotten the “Check Engine” light to turn off. As long as that light didn’t come back on, he said, I should be in good shape.

The drive home was smooth. I felt good about myself. I saved some money and supported a small business in my community at the same time.

But the next drive was not nearly as pleasant. By the third trip, the van was acting exactly like it had before Chuck worked on it.

I was baffled. What did that mechanic do to the van? Had he really done anything? I didn’t actually see him do anything, and he seemed to be finished faster than he should have…

And what about this Check Engine light? It hadn’t turned back on.

Maybe the only work he did was to remove the fuse for that warning light!

Can You Make Up Someone Else’s Mind?

To be honest, I never confronted Chuck about the work he did. He may or may not have actually done what I paid him to do.

Although it seems as if there’s quite a bit to learn from this story, I wonder if you detected a lesson that can literally transform your ability to sell whatever it is that you have to offer.

Do you see what happened with the Check Engine light? Chuck gave me a very specific and unmistakeable indicator that he had done a good job. The Check Engine light was off, so  he must have fixed the problem I asked him to take care of.

Those of you who have been around for a couple months or longer know about my penchant for education as a selling too. When done properly, I don’t know of a more effective way to get people to take action.

Looking back on the situation, I don’t think Chuck was aware of what he was doing, but he taught me how to appreciate his work. Here’s what happened:

1) I had a problem that I needed to solve,
2) I perceived Chuck to be an expert in his field (mostly based on the recommendation of my trusted father-in-law)
3) Chuck defined the criteria on which I would judge the quality of work done for me.

When you think about it, how much do your customers know about what you do? They should understand the benefits of buying from you, but do they know how you achieve the results you deliver? Do they even want to know?

In other words, most of your prospects and customers are a lot like I am when it comes to fixing cars: I know I need help, but I don’t have a clue how mechanics do their job. I just know that when it’s done, I’m looking for the thing that was wrong to be repaired.

That means, I don’t really know the difference between a good mechanic and a great one. When I’m having car troubles, I can either rely on referrals from people I trust, or I pick whoever’s the cheapest or closest.

From the car shops’ perspective, they’re relying on factors outside of their control (random word of mouth or having the lowest prices) to determine the fate of their business. That’s not a recipe for success. It’s hoping and praying that the dice rolls your way time after time. No wonder over 90% of businesses fail in their early years!

Take Control of Your Sales Process and Marketing

One of the biggest advantages of selling though education is that as an authority figure, you can tell your prospects what they should look for when choosing a product or service.

For example, if you were a mechanic, and your website featured an article or special report about “6 Misconceptions About Car Repairs that Can Cost You Thousands of Dollars,”  how easy would it be to define the process of fixing in a way that highlights your distinctive benefits and subtly disqualifies your competitors who operate differently?

What about a dog groomer who gives presentations on how proper care extends the health and life of pets? Not only can you define the buying criteria for anyone looking for a groomer, but you also position yourself as someone dog lovers can trust to take the best care of Rover.

There is nothing manipulative about this method, as long as you’re telling the truth. So, of course, there is the danger of con men and swindlers using education to misinform people and rip them off, but you’re not that kind of person.

During a presentation I gave last month, I joked that the way you hire the best copywriter is to look for the ones whose first and last names start with “D” and “B” respectively. That’s a joke you can use, as well as an example of what not to do as you educate your market.

Leveraging the power of education is one of the most important ways businesses can maximize their growth in any economy. It takes extra effort, but if you do it correctly, I can’t think of a better way to boost the results your sales people and marketing materials are producing.

Strategies are less fun than tactics, but without a strategy, you’re just hoping and praying. Is that where you want your business to be?