Jim's Marketing Blog

Marketing tips and ideas to help you grow your business

Is this the best kept secret in marketing? If not, it’s really close!

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success multiplier effect

You may find this idea really useful and I’ve never written about it before. So, I thought I’d share it with you.

Around 25 years ago, in Greenwich, London, I was introduced to a concept known (back then) as the success multiplier effect.

The idea is extremely simple: If you want a business that grows quickly, design it so that when someone uses your services, they get more value from it if their contacts also use your services.

This was how Facebook grew. Early users asked their friends and family to join, so they could connect. It’s how every hit TV show becomes a hit. The first viewers tell their friends about it, so they can chat about the show with them or share in-jokes, which only fellow viewers would understand, etc.

But what if you already have a business and it doesn’t have the success multiplier effect built in? After all, the vast majority of business owners are in this position. Including me.

One option is to retrofit a success multiplier effect to your business. Retrofitting is tricky and takes creativity, but it’s possible.

However, there’s an easier and extremely powerful alternative. It’s also the option I chose for my business!

The best success multiplier effect for your business

A second option is to add it to your marketing, rather than your service.

An example of this is the email version of my blog. Someone within a company will subscribe. Then, they forward one of my emails to some of their colleagues, because it’s about an idea the company is interested in. It’s easier for them to get their colleagues on board with an idea I shared, if they’re able to read it too. A subset of those who had the email forward to them will subscribe and do the same. Rinse repeat. This is how I attracted many of my largest clients.

In short, you can bake the success multiplier effect into a new product or service. You can retrofit it to an existing product or service. And you can do as I do, and create marketing with the success multiplier effect built in.

Whichever route you choose, if you get it right the impact it can have on your results is amazing.

Why lists dominate marketing. And why you should use them!

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Marketing content, lists

Ever wondered why so many articles, blog posts, videos and newsletters are based around the idea of a list?

Yes, you’re right. It’s because they’re extremely popular. People love them. And it’s easy to see why.

Lists promise lots of ideas. And fast!

List-based content promises a number of bite-sized ideas or suggestions. And fast! So when we see “10 habits of highly successful business owners“, we’re not expecting an in-depth examination of commercial success.

No.

We’re expecting ideas. And we hope that at least one of those ideas will help us in some way. If it does, it will repay the 3 or 4 minutes we invested in reading it.

This begs the question… Does your marketing mix contain list-based content?

If not, I suggest you give it a try. Lists are perfect for sharing, which makes them ideal if you want to expand your reach on social networks. New readers who discover your work through list content, will then get the chance to see your more detailed work. Others will follow you on the networks, where they see your lists shared. Almost all of my most shared blog posts are lists.

Lists can also be very powerful, when it comes to increasing your email marketing open rates. Email marketing that has a list in the subject line, can result in massively increased open rates.

Here’s why.

Most small business owners are not expert copywriters. As such, the subject lines they use for their email marketing tend to under-perform. And poorly written subject lines result in low open rates. This means no matter how good their marketing message is, very few people will see it.

Using an average list title as the subject line of a marketing email, will always out-perform an average, regular subject line.

So, should I focus exclusively on lists, Jim?

No. No you shouldn’t. Seriously. Don’t!

Allow me to explain.

True, there are YouTubers making a fortune from creating only list-based videos. And yes, there are sites that attract millions of readers, who rely very heavily on list-based content. However, relying exclusively on lists is a bad fit for most small business owners. They should be used sparingly.

For example, I could have written this post as a list.

  • It would have taken me a lot less time to write.
  • It would have been shared a lot more on social networks.
  • And the email version of the post would have been opened by a lot more people.

However, I wanted to dig a little deeper into one thing… the marketing effectiveness of lists. I didn’t want to weaken that focus with “15 Reasons why lists dominate the internet”.

Here’s the thing

Sometimes, you need to offer more substance around one subject. Other times, an issue could be impacting your readers and you need to address it. And there are times when you want to share one really useful idea, which wouldn’t work if you broke it down into a list of sub-ideas.

In other words, that same surface-level approach that makes lists so popular, renders them useless for anything that requires depth.

So mix it up.

If you haven’t already used list-based blog posts, articles, videos, podcasts or newsletters, give it a go. Experiment. Test different types of list. Measure the feedback. Check things (metrics) including; sales, leads, open rates, social shares and new subscribers.

In short, if you’re not embracing list-based content, you’re missing out on a huge opportunity.

How to build a list that builds your business

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marketing, list building, subscribers

People often ask me for tips on how to build a bigger list. They want more subscribers; more readers, more listeners, more viewers, more followers, etc.

The short answer is simple. It’s this.

Do something useful, which is worthy of people’s attention and make it easy for them to subscribe.

If you do that, you’ll attract more people and because your “something” is useful, many of them will subscribe. Think about it. That’s the exact process, which motivated you to subscribe to every list you’re on. Something attracted you, you found it useful, you subscribed.

This begs the question: If the answer is so simple, why is it so darn hard to build a large and valuable list?

Here’s the answer.

The advice is simple. The process is tricky!

There’s some tricky stuff between you and that massively valuable list you want.

Finding something useful to share, on a regular basis, is tricky. Remember, if you just churn out the same stuff as others in your industry, you won’t attract subscribers or retain them. This means you’ll need to be willing to do some research. You’ll need to become a regular note-taker. A collector of ideas. It’s interesting work, but if you’re not already someone who studies and takes notes, it can be a tricky transition.

Finding the time to create content is also tricky. You’re already busy, right? Developing content around all that interesting material you have, takes time. That time is easy to justify when you have a huge list. It’s harder to justify, when your hard work is being consumed by just a small number of people. You’ll need to push through the tumbleweed and crickets of the early stages. And I know from personal experience, that can be a real challenge. I explain why here.

Summoning the courage to publish your stuff is tricky. Why? Because if you do it right, you’ll attract critics. Someone once told me that we have a choice to make. We can either be criticized or be ignored. If we’re being ignored, we’re invisible. That’s not good for any business.

The alternative is to not only expect criticism, but to welcome it as a positive sign that we’re no longer being ignored. Don’t set out to attract critics. Set out to be useful and worthy of attention. But see criticism as an inevitable part of becoming visible.

Note: Here’s why people criticize you and how to deal with it.

Once you know what’s involved, building a valuable list is pretty easy. And the rewards are huge.

Picture this: Just imagine what a difference it would make to your business, if you were in regular contact with thousands of prospective customers. Not via advertising, which is usually seen as an unwelcome interruption. But via a subscription to your content, which people proactively requested because they WANT to hear from you.

The opportunity is amazing. And it’s right in front of you. Right now.

The critical marketing problem that no one talks about

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I was in a coffee shop once, when a guy with a very obvious hairpiece came in. He had natural, thick brown hair around his ears, with a jet black wig on top. Of course, no one mentioned it to him. People just smirked when he wasn’t looking. Whether this guy needed the hairpiece for vanity or medical reasons, it’s entirely possible he has no idea that his wig is so poorly matched to his natural hair.

A very similar kind of silence happens regularly in business. And it can lose you a fortune.

Allow me to explain.

  • We go to a website to check out a potential service provider, find the site is amateurish and decide not to consider them. We don’t call them to let them know their site created such a bad impression. We silently move on.
  • We start reading a poorly-written piece of marketing and quickly discard it. We don’t email the company and tell them their content is losing them business. We silently move on.

So, faced with all this silence, how do you figure out if what you’re doing is working for you?

Simple. You ‘listen’ to what your results are telling you.

For example.

  • Your website should be a 24-hour, business generating machine. If it isn’t, it’s telling you something. It’s telling you that it urgently needs to be improved.
  • Your content marketing should regularly attract sales, sales leads or new clients. If it isn’t, it’s telling you something. It’s telling you that you need to quickly improve your strategy.

The lesson here?

Don’t wait for someone to tell you your marketing sucks. Because they won’t. Your friends don’t want to upset you and strangers don’t give a rat’s ass. Instead, listen to what your results are telling you.

Give your best ideas away for free. Here’s why

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content marketing

What I’m about to share with you may sound a little counter-intuitive. It isn’t. In fact, it could help you achieve breakthrough marketing results.

Allow me to explain.

I come across the following problem a lot. Mainly from service providers, who are struggling to attract new clients with their content marketing. Their primary concern looks something like this:

I know I need to provide good, free advice via my content. Surely if I give my best ideas away for free, no one will pay to hire me?

I’ve already explained why you should be stingy with your time, but not your ideas. However, there’s another, excellent reason why you should provide outstanding, free advice.

And it’s this…

Think for a moment about the alternative. Imagine you publish a newsletter, videos, a blog or a podcast. Now let’s also imagine that instead of sharing great advice, you share weaker information. Average free stuff. Nothing special. Nothing that really stands out.

Guess what?

You’ve just given your marketplace a weak, low-impact insight into your work. You’ve painted a lousy picture of how good you are. So, not only will people be highly unlikely to hire you, they’ll also be unlikely to share your newsletters, videos, podcasts, blog posts or subscribe to you. That’s a huge lose, lose. (Actually, that’s wrong; it’s a lose, lose, lose, because you’ll also be damaging your reputation as a knowledgeable professional. Ouch!)

Here’s what really happens when you give great free advice

Yes, freebie hunters will certainly gobble up all your free advice. But that doesn’t lose you a penny. Why? Because they were never going to hire you anyway. Freebie hunters are the dabblers. The DIYers. So, they were never a prospective client. (Tip, read this: Don’t let greedy amateurs get you down).

Yes, a subset of genuine prospective clients who take your free advice will do (whatever) themselves. Of course, if they find your ideas so powerful that they actually use them, they’re highly likely to subscribe to you and share your work. That’s how every successful resource spreads. Also, I know from experience that many of them will later hire you.

However… there’s also a hefty subset of prospective clients who will find your high quality advice extremely valuable. Now, this subset of prospective clients are the ones who value their time. They love the peace-of-mind that comes from getting expert help. They value professionalism.

These prospective clients will hire you, so you can do the job properly for them. And yes, they’ll also share your newsletters, videos, podcasts, blog posts and subscribe to you.

How do I know for 100% certain that this works?

Simple: It’s how I grew my business!

It’s why I get enquiries from prospective clients, multiple times, all day long, every day. And if it works for me, it can work for you too. Just make sure to offer as much value as you can, as often as you can. Hold nothing back.

P.S. Here’s that article I mentioned earlier. It’s well worth a read: Be stingy with your time, but not your ideas.

Marketing tip: Press pause!

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I want you to think about the following for a moment:

  • The last tweet you sent.
  • The last newsletter you published.
  • The last Linkedin post you shared.
  • The last Facebook update you posted.

Each of those actions could easily be a prospective customer’s first exposure to you (and your business). If so, it will help form their first impression of you.

Here’s the thing. First impressions count.

  • First impressions count, even if you are having a bad day.
  • First impressions count, even if they are inaccurate.
  • And first impressions count, because if you screw it up, you often won’t get a second chance!

So, what’s the solution?

Well, here’s something that can certainly help you.

Drum roll please…

Pause…

It pays to pause for a few moments before you publish ANYTHING. That’s because most of what you publish is easy to find via search engines or the social networks you use. And we know that the vast majority of people now check providers out, before deciding to hire them or buy from them.

Think about the wider, longer-term implications of what you are saying. Never underestimate the impact of an angry tweet, a needy Linkedin post or a spammy Facebook update, etc.

Once it’s published, it’s out there. It’s in play. It’s carrying your name. And it’s carving your reputation.

Tip: Read this » How To Build a World Class Reputation.