Monthly Archives: September 2023

Marketing , Leave a comment

Build Buzz with Good Word-of-Mouth

by

Word-of-mouth marketing is still the most powerful marketing tool for most businesses, along with an ad that appears during the Super Bowl. In a study conducted by Nielson, the global media insight company, “Global Trust in Advertising”, 83% of responders said they trust the recommendations of friends and family most of all. A study done by McKinsey showed that 20-50% of all purchases are influenced by word-of-mouth marketing.

Positive comments, reviews and recommendations are powerful—don’t underestimate them. Face2Face and online conversations started by you, your customers and even potential referral sources are among the most valuable marketing assets available. Positive talk contributes to your brand’s reputation. Business owners and marketers who take the initiative to build a word-of-mouth marketing strategy can create a steady drumbeat of customer conversations that have the potential to generate new business. User experiences drive word-of-mouth marketing, mostly fueled by product customer recommendations and reviews.

Engage on social media

Social media sites, including Facebook, Twitter, Instagram. Pinterest and Snapchat, are tools that amplify your word-of-mouth advertising. Communicate with your customers, solve problems and build your referral network by way of your preferred social media platforms (and also your company website).

Quick response to questions and complaints.

Not all customer experiences will be positive ones, but the right approach can make all the difference. Being proactive about complaints can turn dissatisfied customers into your most loyal brand advocates. Stepping up your response time and personalizing customer care can cement your positive reputation—within four hours, ideally.

Email marketing outreach

Using email to communicate regularly with customers and prospects who have requested to be on your mailing list helps them remember you and brings in repeat business. If you’re regularly providing interesting information, discount coupons, useful how-to articles, or other material customers want, they’ll update friends who have similar interests about the benefits they’ve derived. 

Influencers and brand ambassadors

Although most word-of-mouth marketing is focused on organic engagement, don’t neglect the value of influencer marketing. Having influencers shout out your product or give it a review not only introduces you to a new audience but once again serves as social proof. In fact, recent data shows that reviews are actually considered “the most valuable type of content” that influencers publish. Chances are there are relevant influencers out there that’d be the perfect fit for your brand. If you already have a dedicated customer base, you might alternatively consider starting your own ambassador program.

Reviews and recommendations

It’s been shown that 41% of shoppers say that “robust” online reviews (featuring photos, keywords and more) are important for a positive shopping experience. Potential shoppers will notice that these testimonials are not present and you will be well-served to encourage your happy customers to speak up about what they like abut your company, products and services. Getting good reviews not only represents positive word-of-mouth but also a proven way to gain trust.

Much like user generated content, sometimes scoring reviews is as simple as asking. Ideally, this can be done non-intrusively via email. Many brands implement post-purchase auto-responders to ask for reviews by default, meaning that each purchase is a potential opportunity to earn a much-needed review.

But how you ask for reviews matters. Beyond putting on a smiling face, also consider additional incentives, Your customers’ time is valuable and sweetening the deal is worth it if it means a rave review.

Monitor mentions and respond ASAP to comments.

Do yourself a favor and make sure to respond within 24 hours, and ideally within 4 hours, to customer questions, comments and concerns. accordingly. As you build your brand, your quick, polite and complete responses will be imperative.

  • Respond to all customer questions, comments and concerns
  • Defuse difficult situations and negative comments
  • Keep track of your conversation history so you can build better relationships with customers

Encourage user-generated content

Global brands can easily generate user-generated content but regional and local brands will find it useful to promote their company #hashtags and even customer photo campaigns. Along with your own company photos (hint: start building your photo library!), invite your customers to share photos and feedback. To increase the visibility of your user generated content, try the following:

  • Feature a hashtag (and call-to-action) in your bio, perhaps on Instagram or Twitter, and encourage customers, friends and family to share photos
  • Include invitations for customers to promote hashtags on-site, in-person and via email (see an example below)
  • Regularly publish and re-post user generated content in your content calendar

Share positive reviews and customer testimonials online.

When you do receive positive attention and word of mouth advertising, do not keep it a secret. Share that valuable information online, where the world can see it. Take the initiative to use customer re-posts and re-tweets and into your promotion strategy.

Building buzz for your business and your brand will take time and effort, but the steps you take today will pay dividends tomorrow. Word of mouth advertising is not for sale at any price, but it is the most valuable form of marketing your company can receive. The eight strategies listed above will give you a starting point, but the rest is up to you.

Thank your customers for their business.

Everyone likes to be appreciated, and customers are no exception. While you may have the words printed on receipts or included in email confirmations of sales, or you or your staff may say “Thanks” in person, doing something such as sending a handwritten thank you card to new customers or a returning customer will set you apart as a business who cares about their customers and is worth recommending.

Thanks for reading,

Kim

Image: Photographed by Bert Morgan (1904-1986) on the golf course at the Everglades Club in Palm Beach, FL circa 1940.

Marketing , , Leave a comment

Maximize Email Marketing ROI

by

Email marketing campaigns continue to generate solid returns on the time and money spent to produce them and for that reason the format remains among the most effective marketing strategies one can undertake. Email itself is a tremendously popular communication tool as evidenced by a Statista report that shows as of August 2023, 4.73 billion people globally use email. Better still for marketers, 61% of consumers prefer to hear from companies they’re interested in by way of email.

The emails you compose for campaigns require thought, as does all of the marketing content you produce for publication. As always, your objective is to devise clear and concise messages that have an easily recognizable purpose that resonates with email recipients. Your core theme is the most important component of the email, but there are other factors that shape and influence its impact. Below are eight important actions you can take to enhance the success of your email marketing campaigns and improve the odds that your customer outreach will produce the results you need and, best of all, nurture relationships with your clients and prospects.

1. Irresistible subject line

It’s more than likely that those on your mailing list receive dozens of emails each day. How do you convince these busy people to click on your message? Seduce them with your subject line! Maybe it’s amusing or maybe it’s a tad outrageous, but it’s definitely an eye-catching hook that makes the recipient curious enough to click and read.

2. Concise compelling message

Be mindful of the length of your email. Convey your thoughts succinctly. Express your message in simple language and avoid business jargon. For in-depth discussion of a topic, write a short introductory blurb, an abstract, and link to the details.

3. Call-to-action

What would you like your email readers to do, now that you have their attention? Your email needs a purpose—otherwise, why are we having this conversation? You might ask recipients to click a link and leave their contact info, so that the reader can, e.g., RSVP to attend the workshop you’ll teach, schedule an appointment with you, receive the link to a podcast where you were a guest, buy your book, or vote on election day.

4. Image or video

Readers respond to images, whether still or video, that illustrate the purpose of your email campaign. If you include a video, three minutes is your target maximum length.

5. Easy-to-follow layout and graphics

Use spacing and images to break up big chunks of text and make longer emails less intimidating. Choose one font style and use it consistently throughout the email. The idea is to visually please the recipient and literally tempt the eye to linger, look— and read.

6. Cleaned up address list

Holding on to customer email addresses from years ago is understandable — growing an email list is challenging. However, email data becomes obsolete at an average pace of 23% annually, so it makes sense to regularly monitor the accuracy of your mailing list. Check the bounce rate and either delete or correct invalid addresses. When more than 2% of emails bounce back, your company begins to look like a spammer to inbox providers and your emails will be sent to spam files as a result.

7. Follow-up with customers

Getting a reply from one of your subscribers is email marketing gold. Whether they’re writing back to share feedback or ask a question, it shows they care and want to further communicate with you. What’s more, replies are good for email deliverability as inbox providers see them as a sign of trust. Ensure you respond to all emails. Ignoring a message from a customer is unacceptable.

8. Document results

Along with the overall bounce rate and the identity of undeliverable emails, study your campaign open rate and check to see who opens, or doesn’t open, your emails. Use your email analytics and tracking to measure the success of campaigns and make data-driven improvements. Hint: monitor the open rate to discover which topics have the largest percentage of recipient opens and let that guide your content choices.

Thanks for reading,

Kim

Image: © Keystone View Company (1902). A Letter from Pat in America Young Irish woman reading a letter from a relative in America to an older woman outside of a thatch-roofed stone cottage.

Sales , , , Leave a comment

“What’s In the Budget For This Project?”

by

Hallelujah! A prospect you’ve courted for quite some time has finally agreed to consider using you for a project. You’ve been invited to meet with a couple of members of the project team. You’re preparing for the meeting like a seasoned pro and that includes asking questions that show the prospective client’s priorities matter to you. You’ll ask about the ideal outcomes for the project, how the project fits in with long-term company goals and how a successful project is expected to promote brand awareness and grow the customer base. You’ll ask who will make the decision as to the vendor and when that decision will be made.

You know the right questions will ensure that you understand what the project is expected to achieve and confirm your ability to produce the deliverables. The right questions also signal to the prospect that you intend to meet or exceed expectations. But after you’ve inquired about the project specs, remember to ask another question, an essential question that is sometimes neglected—-the amount of money that’s been earmarked for the project budget. Without ascertaining this vital piece of information, you cannot move forward. To think that you can write a credible proposal without first discussing at least a ballpark price is unfair to both yourself and the prospect. Do you shop without looking at the price tags? Of course not.

The budget is a critical component of the project specs and there must be transparency. Without knowing how much money can be made available, neither you nor the prospect will know if either can afford to do the project until the proposal has been sent and that is too late. When the money talk is omitted from the project specs discussion, decision-makers and stakeholders waste time.

Money talks are intimidating for many. You’re thrilled to be invited to meet with a prospect and you want to make a sale, you want to get to yes. However, if you’re going to be a successful Freelance consultant, you must learn how to discuss money. The money talk brings on the big reveal—-can the prospect afford to work with you (and the flip side, can you afford to work with this company)?

As you know, attitudes about money are an emotional issue and you won’t know how the prospect will respond until you go there. Some prospects are comfortable being up-front and transparent about the budget. Others are not that evolved—- they jolly well know their budget, but they don’t want to tell you. Oh, well!

Nevertheless, you must face up to your money talk and tiptoe through whatever emotional baggage your prospect may have. Here are three direct but polite money talk icebreakers that are guaranteed to make it comfortable for your soon-to-be client to be candid about the budget before you write the proposal. If you’ve done it right, you and the prospect will first discuss the pertinent matters, including budget, and your proposal will confirm in writing what the parties have agreed to.

  1. Is your budget in the hundreds or the thousands?

This question quickly helps you understand the resources that your prospect is willing and able to invest in the project. If the response in the thousands, you can further clarify by asking if an amount that seems reasonable would be in the thousands or tens of thousands?

2. Are you thinking $500, $5,000, or $50,000? 

This question encourages the prospect to verbalize a spending range for the project. Remember, these are not your actual prices; these are numbers that make it easier and less intimidating for the client to express what s/he can afford.

3. Would an amount somewhere between $7,000 and $10,000 be affordable?

Suggesting to the prospect a range that’s close to the higher end of what you’d likely charge for that type of project is another good tactic. This question lets you know what type of services the prospect can afford and will make it clear to both of you if it’s worth moving forward with you as the project vendor. Fish or cut bait.

Finally, if you choose to give a verbal estimate, say the price, or the range, and be quiet. Silence gives your prospect an opportunity to consider the price and respond. Silence also communicates that you have confidence in your price. The worst thing you can do is announce your price and then offer to negotiate it down before the prospect has had a chance to say yes or no. Resist the urge to say, “Will that work for you?” Or “We can negotiate that if it’s too much!”

The best lesson you can learn as a Freelance consulting professional is that your time and talent are worth money and you deserve to exclusively work with clients who value what you bring to the table. Those who who attempt to wheedle or bully you into accepting a price that does not reflect your estimation of the value of your services is best avoided. Have the courage and the self-respect to walk away, as disappointing as it is. There’s no point in wasting it on a proposal for a client who can’t afford you.

Having money conversations is not an art–it just takes confidence and practice.

Thanks for reading,

Kim

Image: Anand Purohit/Getty Images. An Indian lady is shopping and is ready to pay in rupees.

Marketing , , , , , , Leave a comment

Recipe For A Winning 4th Quarter Finish

by

Ready, set, win! In business and in life, it’s not where you start it’s where you finish. When the bell rings at the end of the game—the end of the year—with all your heart, you want to be a winner. Whatever you’ve experienced this year, whether you struggled to close deals or were touched by an angel, your performance in the fourth quarter is going to be impactful. I think it’s safe to say that you’re motivated to leave no stone unturned as you aim to close out 2023 with a victory.

The 4th quarter officially begins on October 1 and summer ends on September 22, but you’re about ready to kick-off your year-end sprint now that September has arrived. It’s time to go full speed ahead; optimizing your visibility to potential customers and referral sources can be the wind at your at your back. Start your campaign by identifying organizations and venues that sponsor programs that align with your brand and will bring you and your company to the attention of the right decision-makers. Your objective is to position yourself as an expert, thought leader and trustworthy professional who, BTW, can deliver solutions to a certain target market and make those who hire you look good. Here are a few strategies that when implemented will propel you out of the starting gate and toward the year-end finish line.

Elevator pitch

You’ll have two or three versions of varying lengths that correspond to the person you meet but in general your elevator pitch , which is an introduction to you, your company and your product or service, should be 20-40 seconds long. Your name and the company name, what you do, for whom you do it (i.e., your typical client) and the primary benefit (outcomes) delivered are what you want to communicate. Hone your pitch until you can define your venture in just a couple of punchy sentences.  An effective elevator pitch will grab the interest of the listener, showcase your mission and get people hooked on your vision, all in less than one minute.

Personal brand

It’s not unusual to confuse reputation with the personal brand, but the two are not interchangeable. Reputation is earned and acquired, influenced by how you behave and communicate. It is external and reflects how others see you.  

Your personal brand, on the other hand, is internal and intentional. It’s also aspirational and is based on how you’d like others to see you. It’s your preferred identity, your unique selling proposition and what sets you apart from competitors.

 Personal branding involves creating and communicating a compelling story about yourself, maintaining a professional demeanor and nurturing a reputation that positions you as trustworthy and dependable. Remember that your brand reflects your core values and purpose, it should resonate with your target audience and inspire their loyalty and respect.

Networking

Networking is the process of meeting and greeting, having conversations and getting to know colleagues and competitors so that you can exchange information, find common ground and develop professional or social contacts. Once in a while, you might be lucky enough to meet someone who becomes a real friend.

You’ll find opportunities to network wherever you meet people. The essence of successful networking isn’t about what someone can do for you; it’s about what you can do for them. Ideally, the experience of networking results in win-win outcomes. The best networking agenda is to create value, be a resource and forge genuine relationships, so that you and your network will support one another.

Social media

Whether your preferred platform is LinkedIn, Facebook, Instagram, Twitter or TikTok, establishing a consistent presence on social media will be a key element in your strategy to maintain visibility in your professional sector. Keep your audience engaged with promotional content, industry insights, interesting company updates and behind-the-scenes peeks, leavened with a dash of your charismatic personality. Because your customers and prospects feel more comfortable doing business with those they feel they know, make your content relatable.

Content marketing

Content is king, but not just anything will do. The content that you produce—text, visual, audio—must give the information and tell the stories that your clients and prospects find meaningful. Your content must also be high-quality, engaging and impactful to tell a memorable story , communicate your expertise and nurture your community. As well, remember that content marketing sidesteps a hard sell.

The format is about providing valuable insights, stimulating conversation and showcasing your genius to the audience. Publishing a blog and/or newsletter that explores topics that interest your target audience, producing or taking a guest spot on webinars and/or podcasts that allow you to personally speak to subjects you explore in your blog and/or newsletter posts are standard B2B content that you’ll post on your website and social media sites or send to your email marketing list. Creating video clips that show you engaged in a local charity event, receiving an award that honors your volunteer work, or even a clip of you decorating your office for the holidays are among the visual content possibilities you might use to present a less formal and more relatable aspect of yourself.

Public speaking

Public speaking opportunities are plentiful these days; your task is to identify venues that deliver your target audience. Panels, webinars, workshops, podcasts, rotary clubs or the chamber of commerce provide great venues for speakers.

If the very idea of public speaking gives you butterflies in the belly, start small and build your speaking skills. Practice in front of a mirror, practice and record yourself on your smartphone. Joining a panel or being a guest on a webinar or podcast are good ways to gain experience and build your confidence, as you get exposure to an audience that might bring you a customer or a referral. Soon, you’ll be commanding the room and leading the conversation in your industry. Public speaking is an investment with dividends in credibility, authority and a wider audience reach.

Press releases and media spotlight

While self-promotion is vital, third-party validation is perceived as impartial and objective and for those reasons, articles that appear in the media have the most credibility. Earned media is the term; to approach media outlets and invite them to in some way include you and your company in a feature, you must make contact with journalists or editors with press releases.

Journalists traffic in stories that they feel will interest their readers (or viewers), so your objective to obtain earned media must be based on a story that the media outlet’s audience will value. Write a press release when you win a business award, when you’re scheduled to appear on a local (or national!) television program, or when you’ll participate in a visible way in a noteworthy charitable event in your community. The story you’d like to share must be enticing and relevant to the publication’s audience. If done consistently and with viable story angles, media features can provide immense visibility and position you as a thought leader in your field.

Guest posts, podcasts, webinars

Engaging with your audience in virtual real-time has become standard practice in the digital era. There are now hundreds of podcasts and webinars broadcast nearly every day. More than just a knowledge-sharing medium, webinars and live sessions nurture a sense of community and belonging. They facilitate connection between you and your audience, fostering a dialogue that’s both dynamic and personal. The topic of your podcast or webinar session and information shared must deliver value to the audience.

Expand your writing credits and your reach by guest posting on popular industry blogs. Be sure to return the favor and occasionally invite a guest blogger to write for you and gain new readers as you do. Guest posting gives you exposure to a broader audience and solidifies your position as an industry expert. Whether you are the host or a guest, podcasts are a fantastic platform for showcasing your insights, opinions and your unique perspectives.

Thanks for reading,

Kim

Image: West Aurora, IL High School’s Victoria “Tori” Spagnola, left, wins the 300-meter hurdles race. Alexandra Johnson, right. (June 2021)