Jim's Marketing Blog

Marketing ideas to help you grow your business

Page 9 of 194

7 Honest truths about marketing

Here are 7 important things to consider, when marketing your business.

In no particular order:

  1. Embrace brevity. Your marketing content is almost certainly 50% to 75% too long. Fix that.
  2. Most marketing advice online is either inaccurate or toxic to your business. Be especially cautious of anyone offering tricks or short-cuts to marketing success. Short-cuts to success are seldom short-cuts and they never lead to success.
  3. In business, everything you do is marketing. Yes, everything… read this.
  4. Great marketing alone is not enough to mask an average product or service. You are not ready to market anything, until you have pumped a massive amount of value into it, first.
  5. Don’t expect professional marketing results from amateur marketing. If you’re serious about growing a successful business, stop treating your marketing like a DIY project.
  6. If you need to attend networking events, to try and get people talking about your business, ask yourself “why”? Why aren’t people automatically talking about your business? Why are you not already getting more leads than you need from your clients? Why isn’t your marketing message spreading via word of mouth? Spend more time fixing the problem and less time pushing what’s broken.
  7. You will never be one webinar away from marketing success. Ever.

Hopefully, you will find at least 1 thing on that list that will stop you wasting your time or money. Most people will find several.

The question now is, what are you going to do about it?

How to write great content every day!

If you find it hard to write articles, blog posts or newsletters, I have a quick tip for you. It will help you write more frequently and in a way that people will understand.

Drum-roll please…

Write the way you speak

Think about it: When you talk, people understand you. They listen to you. You engage them.

You don’t get talkers-block either!

So, don’t treat your written words differently from your spoken words. Just type them, rather than speaking them. This is the approach I used when I started as a writer and it has never failed me. And yes, the more you do it the better your writing will become.

The challenge with this approach is that it robs you of any excuse not to write more frequently. Sorry :)

Tip – Read this: Bloggers: Are you 1 question away from 10,000 daily readers?

3 Ideas to help you, the next time they say you’re too expensive!

3 ways

If you are sick of talking to fee sensitive prospective clients, you are making 1 or more of 3 common mistakes, which I am going to share with you right now — along with the solution.

Let’s get started!

A quick look at value

I want to start by looking at the way your prospective clients think about value:

  • It’s always too expensive, when the price or fee is considerably greater than the value.
  • It’s always great value, when the price or fee is considerably lower than the value.

To get that price / value balance right, we have 2 options:

  1. We can pump more value into the product or service.
  2. We can lower the price.

The race to the bottom

Most small business owners focus on lowering prices or fees, in order to make themselves appear better value. This is why we often see competing businesses in that dreaded race to the bottom, where business owners race to out discount one another. It’s a low leverage and unsustainable way to run a business.

Here’s the thing about slashing your prices: Your prospective customers or clients can go to Google and find 20 lower priced alternatives to you, in minutes.

Here’s the thing about increasing your value: High value providers are rare. Rare value comes at a premium, which the right clients are happy to pay for.

3 questions you need to answer

The following 3 questions will help you identify why you are attracting too many fee sensitive inquiries. Go through each question and spend a moment to consider your answers.

Firstly: Have you put so much value into your product or service, that the price or fee represents great value? As every quality brand will confirm, we can always sell a superb product or service for a great price. However, we are fooling ourselves if we expect prospective clients or customers to pay a premium, for something that’s average or close to average.

Secondly: If you have created a product or service that represents outstanding value, is that value clear from your marketing? In other words, when a prospective client reads your marketing or talks with you, can they easily see a clear reason why your services are of great value? Use the best copywriter you can afford, to make the value obvious, attractive and crystal clear. I find the vast majority of small business owners get this wrong and use DIY copywriting, thinking they are saving money. In reality, it’s losing them a fortune.

Finally: Is your marketing attracting the right type of leads or inquiries? You can have an amazing service, offered at a wonderful price, but if the people responding to your marketing can’t afford it, you’re wasting your time.

For example: A diamond ring that’s worth a million dollars, would be amazing value if offered for sale at $100,000. However, if you’re trying to sell it to someone, who knows the value, but is broke, they can’t buy it.

Getting your value balance right

Lowering a price is easy. It can be done in seconds. It requires no creativity. However, the easiest decisions in business are seldom the right decisions.

Instead, look for inconsistencies between; what you charge, what you offer and who you are marketing to.

In short: You will always be able to sell a high quality product or service for a good price, so long as it represents great value and you are marketing it to the correct people. If you are struggling, it’s because you need help in one or more of those areas.

How to build a better business by solving better problems

Think about it… the value of your work and the demand for your work are determined by the type of problems you solve.

This is why one of the best ways to grow your business, is to:

  • Look for better problems than those solved by your competitors.
  • Create a solution to the problem.
  • Offer the solution to your market place.

You can do this by expanding the utility of an existing product or service you provide or by developing something new. It’s up to you. Both can work amazingly well.

Is this easy? No.

Is it worth it? Absolutely!

This will help you get started: How to find the answers you need, Einstein style!

Here’s a secret behind the world’s best service providers!

I’d like to share something important with you today. I’m going to explain how the best service providers keep their clients happy, generate valuable referrals and build a great reputation.

It’s all about the difference between delivering what a client wants and delivering what a client needs.

Here’s an example

Think about some of the most powerful commercial logos. Apple, McDonald’s Nike, Mercedes, Facebook and Gap, etc. All of these are super simple. A child could reproduce any of them in a few seconds.

Now, imagine for a moment what happens when a business owner hires a great designer to create their logo. The designer then gets back to the client with a smart and simple design.

Because the business owner is not a design professional, they want MORE for their money.

  • More lines.
  • More colours.
  • More detail.
  • More complexity.

If the designer gives the client what the client wants, the client ends up with a confusing piece of junk.

If the designer gives the client what the client needs, the client ends up with an effective, professionally designed logo.

How the best service providers get this right

The best service providers use education, to help the client understand what the client needs.

When the service provider does this correctly:

  • The client ends up with what they want and what they need.
  • The service provider ends up with a happy client, who has a great piece of work. That’s the kind of client who provides valuable referrals and the kind of work, which helps you build an excellent reputation.

This educational approach, is one of the key differences between the most successful service providers and the average provider.

PS: Here are some more tips, to help you build a valuable client list.

Stop working for average clients. Seriously. Stop it!

The average client will pay you late — just often enough to mess with your cash flow.

The average client is fee sensitive.

The average client will seldom, if ever, inspire you to do your best work.

In fact, the average client is toxic to your business. Everything you do to attract average work from average clients is a waste of your time and energy.

A better approach

Decide today to build a strategy that attracts great clients. These high value clients will pay you what you are worth and they will pay you on time. Their investment in you will inspire you to do your finest work… which in turn delights them and motivates them to recommend you to everyone.

Let your competitors wrestle over the average clients. But not you. You deserve better than that!

This will help you: What everybody needs to know about strategy!

The opportunity you always wanted is already here!

As a business owner, you have more power and potential today than ever before. In fact, there is an opportunity right under your nose, which was impossible to imagine until recently.

Allow me to explain

Just a decade ago, we were very limited in the number of people we could reach with our marketing message. To send a mailshot to just a few thousand people would cost us a small fortune. A nationwide radio campaign was way out of our budget.

There was no scalable, affordable way to reach all our prospective clients.

This gave the big guys a massive advantage over us. However, everything has changed and if you’re willing to embrace the change, there’s no real limit on what you can achieve.

The world is your oyster

Thanks to the advent of the Internet and free, global communications, the only barrier between you and your marketplace are the limitations you place on yourself.

What an amazing opportunity.

Of course, the challenge you now face is that the same zero cost marketing opportunity is open to everyone. This is why we are bombarded every minute of the day with interruptions. Social network updates, emails, text messages… all these and more combine to create a wall of noise.

Noise is your barrier today. Not money!

In other words, the only thing between you and the ability to market your services to thousands or millions of people, is your ability to make it through the noise.

It’s not about money any more. It’s not about knowing the right people. It’s in your hands, rich or poor.

So, what next?

Here’s what we know about those who fail and more importantly, those who succeed:

  • Those who fail are adding to the noise. They are the people who spam you, cold call you, pester you on social networks and junk-text you. They are the average businesses doing average work for average clients and average fees.
  • Those who succeed cut through the noise like a hot knife through butter. They attract attention by doing something meaningful. Next, they earn permission from the people they attract, to share useful information with them — usually by getting them to subscribe to a newsletter or blog. They then keep re-earning that permission, by remaining a source of value.

Make no mistake, it’s all in your hands. If you are willing to do what is required, the world is your oyster!

Here’s the challenge: You can either find this opportunity interesting or you can do something with it. Opportunity is knocking on your door, but only you can decide whether you will let it in or let it slide.

How to find the income, energy and inspiration you need!

Let’s talk about money.

Do you know what’s really, really difficult? Trying to make money by doing something you’re not passionate about.

Yet, that’s exactly what the majority of business owners do. Paradoxically, it’s also why most will go broke or even worse, make just enough to survive in false hope that things will improve… THEN go broke.

Yes, every business needs a viable way to make money. However, money should be the inevitable result of doing what you love, extremely well. Not an end in itself.

Steve Jobs on money

The world’s most successful businesspeople already know this. The late Steve Jobs made the point beautifully:

“I was worth over $1,000,000 when I was 23, and over $10,000,000 when I was 24, and over $100,000,000 when I was 25, and it wasn’t that important because I never did it for the money”.

Do you think Mark Zuckerberg, Jeff Bezos or Sir Richard Branson go to work for 14 hours a day, because they need more money? No. Branson was wealthy from birth and has never needed to work! These people already have more money than they can spend. What drives the most successful business owners is the need to do something, which they are passionate about.

The money follows.

Working with great passion

When your work is driven by passion, it shines through everything you do. It gives you the energy and robustness required to do your best work. Passion is contagious too, which helps you attract the resources you need. It inspires customers, clients and investors to want to be a part of your vision.

  • If work is a grind.
  • If you’re working hard for too little reward.
  • If you find yourself lacking the energy you need.
  • If you don’t spend enough time with your family.
  • If you feel too stressed, too often.
  • If prospective clients or customers are unenthusiastic when you tell them what you do.
  • If business leaves you feeling unfulfilled.

… there’s a very good chance you’re not doing something that inspires you. And that has to stop. Seriously. You can’t keep on like that. It’s pointless and 100% unnecessary.

The answer is as easy and challenging as this

Find something you’re passionate about and build a viable business model around it. Work really hard. Then watch your whole world improve.

If this is something you are struggling with right now, let me know. Here are my contact details.

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