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A valuable business lesson from Starbucks and Instagram

By Jim Connolly | January 6, 2022

Jim Connolly marketing, Starbucks

Today, I’m going to share a strategy with you that’s used by the world’s most successful businesses. I’ll also show how I use it and explain why you should too.

I’m referring to operating your business with a focused and agile mindset. Those words almost sound like opposites. But they’re not. And in business they work together beautifully. Here’s how focus and agility work together.

  • You need to know what it is you want to achieve from your business and stay focused on it.
  • However, you also need to adopt an agile approach regarding how it happens. Then, as new feedback and opportunities come along, you can adjust your strategy accordingly. This is always sound advice, but in 2022 it’s essential.

In short, you remain both focused and agile.

Here are a couple of well-known examples, along with how I use the same strategy.

You couldn’t buy a cup of coffee from Starbucks

It’s hard to believe today. But it’s true. Starbucks had been in business for several years (and had already opened its first 5 outlets), before they sold a cup of coffee to anyone! Prior to that, Starbucks sold coffee beans. Agile thinking allowed them to identify a new opportunity, when they noticed how customers enjoyed sampling their coffee beans in-store.

Starbucks’ focus remained the same: to build a successful coffee business. However, their approach changed.

Instagram used to be a check-in app

Instagram started life in 2010 as a check-in app called Burbn. The developers decided their app was too similar to Foursquare, so they pivoted. All their efforts were switched to the photo-sharing component of the Burbn app. Instagram was born.

Their agile thinking allowed them to identify an opportunity for a filter based photo-sharing app. They ran with it. And just 2 years later, the app was acquired by Facebook for approximately $1 billion in a combination of cash and shares.

The founder’s focus remained the same: to build a successful app. However, their approach changed.

I could have used examples from Suzuki, which used to manufacture weaving looms. Or Nintendo, which has previously sold instant rice, vacuum cleaners and even offered a taxi service. And I could have mentioned how Twitter was born from the ashes of a podcast sharing app called Odeo.

But that almost misses the point.

The point is that it’s not only billion dollar companies that use a focused and agile approach. There are businesses of all sizes, achieving breakthrough results from the exact same strategy.

Including mine.

How I use focus and agility

I started my business working as a marketing consultant, who visited clients at their premises or at my offices in London. When I relocated to a tiny village in the countryside in 2002, I quickly decided I didn’t want to waste hours every day travelling. So, twenty years ago I switched to working remotely. Initially I used phones, then switched to VoIP, Skype video and now Zoom.

Not only did this mean zero time wasted on travel, it also cut my overhead by around 98%! Plus, it opened up the whole world to my services. For the past two decades I’ve worked globally, in over 50 countries, (as well as every state in the United States).

My focus remained the same: to build a successful marketing business. However, my approach changed.

As we emerge from the worst of this horrible virus, one thing’s for sure. Success will continue to reward those with the strength to remain focused, combined with the agility to adapt to the new opportunities.

How to be the top service provider in your niche. The FTA strategy

By Jim Connolly | January 3, 2022

best service provider, top service provider, FTA

If you’re interested in learning how to rise to the top and become the best service provider in your niche, read on. I think you’ll find this extremely useful.

What follows is based on studious notes I have taken, in conversations with top people in multiple industries.

It’s also been the foundation of my own success, spanning almost 30 years.

Let’s dive right in.

What stops people becoming the best in their niche?

The short answer is this: They don’t know what they don’t know. So they carry on, accidentally restricting their potential.

I’ve found that pretty-much every service provider will tell you they are committed to being as valuable to their clients as possible. These service providers work hard and strive to keep their clients happy.

The challenge is that their framework for what constitutes being as valuable to their clients as possible, is missing an essential component. And their success is severely limited as a direct result.

Allow me to explain exactly what’s missing. Plus, how you can get it right and absolutely thrive in any market, in any economy; year after, year after, year.

What’s missing?

The top people in any profession only become the best, because they work in a different way to their counterparts. It makes perfect, logical sense.

You can’t be the same — and also be the best. You have to choose!

In my experience of working with, and observing, many of the world’s most successful service providers (both companies and individuals), there’s one piece of the framework they operate from that gives them a massively powerful advantage.

Specifically, I’m referring to a single mindset difference, regarding what it takes to become the best service provider.

A difference that their counterparts aren’t even looking for, because they wrongly think they already have it covered!

You decide to become the best service provider

It starts with that big and bold decision. The decision to become the number one person for your market to turn to, when they need guidance, support, assistance or trusted feedback relating to your specialist area. It’s a very powerful, primary commercial goal to aspire to.

Not a certain income level.

Not a certain lifestyle.

Because, when you achieve the primary goal of becoming the best service provider, the number one choice for the market you serve, all the other rewards follow. And they follow abundantly.

Next, you need to weave this primary goal into everything you and your business does. Whilst service providers always promise to put the needs of their client first, this is almost always done within narrow guidelines. Those who become the best service provider in their marketplace go way beyond that.

Here are a few examples.

The best service providers are TRULY there for their clients

Not simply when there’s a transaction for them to benefit from. Not when the calendar reminds them it’s time for a predictable catch-up email, or an often awkward catch-up call.

That kind of ‘being there’ is utterly superficial.

The best service providers let clients know that they’re accessible when the client needs them. They let them know that they’re eager to help and can be relied upon.

Moreover, they make their availability very clear.

They actively encourage, and warmly welcome, their clients to get in touch.

Looking after their clients is never too much trouble and their clients know this. The best service providers are always keenly interested in the client, and what matters to the client. So, it’s only natural they want to be there for the client in a meaningful way.

The best service providers say ‘no’!

If they think that their services are not ideal for the needs or wants of a prospective client, or the prospect is unsuitable for any other reason, they’ll refuse to take them on. The best service providers know they can only remain the best, if the quality of their service is consistently outstanding. You can’t possibly achieve that level of service excellence, when you’re working with clients who are a bad fit.

The best service providers also say no, if they believe something their client has asked for is not what the client needs, even if the client is happy to pay for it.

Part of earning the trust of a client and developing a reputation for excellence, is to retain a ‘them’ focus.

It’s never about the provider.

It’s always about the client and what’s best for the client.

The top service providers will explain why the client doesn’t need (whatever) and suggest a better way forward.

The best service providers fill the empty space

The vast majority of service providers connect with their clients at certain times. Maybe when they’re on a project with them, or when the client is due to renew.

However, the intervals in-between are occupied with empty space. Silence.

The best service providers maintain contact in the spaces between those interactions. They’re a consistent, reliable contributor to their client’s best interests.

For example.

  • They share useful information with their clients.
  • They connect their clients with contacts.
  • They let their clients know about interesting opportunities.
  • They invite clients to relevant events.
  • They proactively look for ways to be of massive value in every way possible.

In doing so, they become part of the glue that holds their client’s business together.

FTA: Foremost Trusted Advisor

When sharing this approach with clients, I refer to it as the FTA (Foremost Trusted Advisor) Strategy. I then help those who aspire to be the FTA in their niche; locally, nationally, or globally, to put their strategy together. The ideas mentioned here are added to, refined, tailored to their specific service and goals. Then, I weave it into an overall business development strategy.

In many cases, their existing marketing strategy can be replaced entirely. Their new FTA approach is so strong, that it becomes their biggest marketing asset.

Unparalleled levels of client retention and client referrals are compounded with a level of service, which their competitors can’t even hope to match. It’s the most robust business model on the planet.

How powerful is this model?

Simply telling prospective clients how their services work, becomes a highly compelling reason to hire them. No sales pitches are required. The FTA approach is what EVERY, high quality prospective client wants.

I’ve used the FTA strategy since starting my business in the mid 1990’s. In that time, I’ve never sold my services to anyone, though thousands have hired me. I’ve always had great clients and always thrived, regardless of the economy.

I hope this brief look at the subject has given you a few ideas and maybe some inspiration. I’m telling you, it’s the perfect way to build a very profitable, extremely enjoyable business, which rewards you in every way possible.

Start 2022 with a winning mindset. And keep it all year long

By Jim Connolly | January 1, 2022

grow business 2022

Today, I’m going to share an extremely powerful business idea with you, along with an amazing technique to help you grow your business exponentially in 2022 and beyond. This information could be exactly what you and your business needs, so please take the few minutes required to read it.

Let’s go.

Every business owner experiences highs and lows. Seasons of success and seasons of frustration. Especially since the start of the pandemic.

Here’s something we know for sure: As you face the opportunities ahead of you, your overall results are determined by how you navigate these ups and downs.

When times are good

When things are going great it’s easy to feel confident, calm and assured. And with those positive feelings guiding your decision making, you perform at a far higher level.

You also inspire confidence in others and find it easier to motivate them to hire you, buy from you or recommend you.

You’re on a roll.

But when times are tough

It’s harder to feel confident when times are tough. You’re no longer on a roll. Your focus naturally switches to the problems in front of you. You consider the worst case scenarios and how you would cope. A negative cycle is created and stays in play, until you regain control of your mindset.

Usually, this mindset shift is the result of an external factor.

As from today, you don’t need to wait for that to happen. As from today, you’re in control!

Today, I’d like to show you how I intentionally, deliberately and VERY quickly get my mindset back on track. It’s a technique that you are able to use and because it’s based on facts that you know are 100% true, your mind is fully able to accept it.

It’s based around your past experiences.

Consider the following 5 facts for a moment.

  1. You are just one email away from a great client enquiry. Just as you were the last time it happened.
  2. You are just one idea away from a life-changing breakthrough. Just as you were the last time it happened.
  3. You are just one phone call away from converting an enquiry into your most valuable client ever. Just as you were the last time it happened.
  4. You are just one decision away from an amazing opportunity. Just as you were the last time it happened.
  5. You are just one conversation away from your largest ever order. Just as you were the last time it happened.

NONE of those are Pollyanna thoughts or wishful thinking.

They’re facts.

Facts you know to be true, based on what you have already experienced.

These real world opportunities and many, many others can happen for you at any time.

This is really important

The key is NOT to just wait for things to happen!

You can greatly increase the speed and frequency of these opportunities, when you focus on the steps required to MAKE them happen, rather than focus on what you fear.

Here’s how I did it.

  • When I came up with this idea, over 20 years ago, I needed to regularly remind myself of those 5 facts.
  • So, I wrote them down and kept them visible. On my white board, in my notebooks, on sticky notes, everywhere.
  • I read them and reread them.
  • My mind quickly accepted them, because each one is provably 100% true.
  • After a while, I didn’t need to intentionally remind myself. My mindset automatically worked from that spectacularly effective perspective.
  • I found myself, by default, working with confidence to achieve the breakthrough I needed.
  • It’s been that way ever since and given me a wonderful quality of life and a thriving business.

And that’s what I want for you my friend.

I want you to give yourself the best possible advantage to absolutely thrive in 2022. I want you to succeed more than you’ve ever succeeded before.

And I want you to achieve beyond anything you’ve ever achieved before.

Marketing 101: Engagement and connection

By Jim Connolly | December 14, 2021

marketing engagement connection

It’s hard to overstate the commercial importance of engagement.

Engagement is the sensation we experience, when someone connects with us in a positive way. It creates a bond between us and them. It fosters trust and forms an extremely resilient foundation on which to build a relationship.

And it’s of immense value to you and your business.

Why am I sharing this with you?

Rather than create powerful engagement and connection with their clients, customers or prospects, many business owners accidentally destroy engagement. And they do it multiple times every day.

For example.

  • They send us impersonal auto reply emails; rather than reply in person when they’re available.
  • When we call them, we get a call tree (those automated messages with multiple options).
  • Their social media accounts primarily broadcast famous quotes and sales pitches, but very little inter-personal communication. No dialogue. Just monologue.
  • And of course, the only time we hear from most prospective vendors is when they’re trying to sell us something… rather than staying in touch with us with useful information, so we know where to go when we actually need them.

The list of engagement-destroying tactics is vast. And it’s expanding daily, as business owners rely increasingly on technology, to handle human interaction.

Choosing our bias

It seems we have a choice to make as business owners.

  • We can either develop a bias for engagement, which fosters connection, loyalty, relationships and trust.
  • Or we can develop a bias for the impersonal approach.

We can choose to go narrow and deep or wide and shallow. To build meaningful connections with engaged prospective clients or push surface level, automated interactions to strangers.

True, the impersonal approach is cheap and quick. That’s why it’s so popular. But that cheapness needs to be looked at in context.

If we think it’s expensive to take time and engage with our clients and prospective clients, we often haven’t fully considered the cost of being disengaged.

After all, if we choose to disengage from our marketplace, the very lifeblood of our business, we set an extremely low ceiling on our potential.

In a nutshell: Whenever possible, try to engage. No, it isn’t always possible. But when it is, and it often is, see it as an opportunity to build a deeper engagement.

Two things to do, in twenty twenty-two!

By Jim Connolly | December 8, 2021

Marketing 2022

As we approach another uncertain year, here are a couple of essential areas I recommend you focus on. They’re from a talk I gave to business owners, which the group found extremely useful.

Here they are, in no particular order.

Move with the changes ahead

Crisis precedes change. We’ve all seen changes as a result of the pandemic. People have changed. Priorities have changed. Habits have changed. Outlooks have changed.

Whilst it’s not possible to know what will change in 2022, we can still be ready for it.

How?

I was in business during the last recession and also during the 2000 Stock Market crash.

The most valuable lesson I learned, was the importance of dancing with the certainty of uncertainty: Developing a willingness to adapt as required, in a hard to predict landscape.

It’s easy to slip into a fixed or semi-fixed way of doing things, but it hampers innovation and growth. This is especially the case in business. Even more so in times of change, when our fixed ideas are no longer appropriate for the tasks at hand. I used this approach with my clients this year and 3 of them achieved their best financial year ever, despite 2 of those 3 being in industries that were very negatively impacted by the pandemic.

There will be outstanding opportunities next year for business owners with the flexibility to adapt. So make it a key focus in your 2022 business planning.

Build a better, not bigger, contact network

We all saw how valuable, or otherwise, our contacts were this year. Thanks to Linkedin and similar services, anyone with enough spare time can build a huge network of contacts. However, the value of a network is in the calibre and quality of the people you’re connected with, not the size of your network.

The general advice I give business owners is to go narrow and deep. Not wide and shallow. For example.

  • IF MY NETWORK has 10000 people, BUT they lack influence or hardly know me, it will have a commercial value of close to zero.
  • IF YOUR NETWORK has 10 people, BUT they are highly influential, know you and are motivated to help you, it will have a massive commercial value to you.

Here’s an exercise to help you get it right. Draw up a list of the 30 most influential people in your marketplace. These people could include high quality prospective clients or maybe influential introducers; (introducers are people who can recommend you to lots of clients or buyers). Then, put a plan together that will allow you to earn their attention. This targeted approach takes time, but the rewards are enormous, and it should be a part of your planning for 2022.

With a more flexible approach to the unknowns of the next 12 months, and with lots of highly valuable new contacts, you will dramatically increase your potential for the year ahead.

The BIG FAT workaholic lie

By Jim Connolly | December 5, 2021

workaholics, overworked

Workaholics are never really workaholics.

It’s not work, which the so-called workaholic is addicted to. Instead, they’re hooked on the feelings that come from doing something they love. That passion and joy is what inspires them all day, every day.

When you do something you love, it’s natural to want to keep doing it.

  • It’s why Nile Rodgers still creates and performs.
  • It’s why Arnold Schwarzenegger is still making movies.
  • It’s why Bill Gates is still making a difference.

Nile was 69 in September. Bill is 66 and Arnie is 74. None of them need the money. What they do need, is the pleasure associated with their “work”.

Conversely, someone who finds their work frustrating, boring or stressful, pays to go on vacation… to get away from work! They spend a tiny amount of time each year, doing what they truly want to do. They have the equation completely the wrong way round.

No one is ever a workaholic

If you get paid for doing what you love, you may be a passion-aholic. You could be a joy-aholic or even a pleasure-aholic. But you’re not a workaholic. No one is addicted to working just for the sake of work.

  • Work without meaning is a way to pay the bills.
  • Work without meaning is stressful.
  • Work without meaning saps your energy.
  • Work without meaning leaves you doing things you don’t want to do, for the majority of your life. That’s just wrong!

If work feels like work for too many days in a row, take action. Transform your business from something you work in, to something that fills you with joy, passion and pleasure.

Can you do it?

Yes. Of course you can.

How do I know?

I know, because since 1995 I’ve helped business owners worldwide make this happen and I experience it in my own life, every day. Every. Single. Day.

Marketing seminars are worse than useless

By Jim Connolly | October 22, 2021

avoid marketing seminars, marketing seminars useless,

Marketing seminars are worse than useless.

Before I explain why, we need to acknowledge the following basic truths.

  • The marketing strategies and tactics that work best for a private school looking for students, differ wildly from the strategies that work for a chain of strip joints.
  • And the effective strip joint strategies are very different from the strategies required by an oven cleaning franchise.
  • And the perfect oven cleaning franchise strategies, are totally different from those required by a tech start-up… or a long-established family law firm…. or a record label… you get the idea.

General, non specific marketing seminars deliberately ignore this fact.

They provide strategies and tactics that are intentionally designed NOT to be specific to anyone attending, based on the most general, of general advice. They’re designed to sell as many places on the seminar as possible. It’s a cookie cutter approach. The exact opposite of what’s required.

Different industries and professions need radically different advice. Business owners need marketing strategies that are, at the very least, specific to their industry.

But even industry specific strategies aren’t that much better. They’re marginally less terrible, that’s all.

The danger of general marketing advice

General marketing advice is what the majority of businesses in any sector already use. It’s freely available on websites, podcasts, webinars, Facebook, Linkedin and Youtube, etc. It’s available from well-intentioned industry bodies and institutes. It’s available in those For Dummies books. Which is why the marketing of most businesses, in the same sector, looks so amazingly similar.

Here’s what we see.

  • They provide a very similar sounding range of services.
  • They use very similar marketing promises.
  • They offer very similar guarantees.
  • They charge very similar prices.
  • They target very similar prospective clients.
  • And they suffer with the pain of very similar results, with (at best), a very similar slice of their marketplace.

The last thing they need is even more, general marketing advice; wrapped up as a so-called marketing seminar.

It’s worse than useless. It’s toxic.

Toxic?

Yes. Because as you can see, it makes your business less visible, less relevant and less attractive. It gives a prospective customer or client absolutely no meaningful reason whatsoever to notice you, contact you, hire you (or buy from you)… rather than hire a look-a-like competitor.

What’s needed is the exact opposite.

You need a strategy that will work for your specific business, based on your specific resources and designed to achieve your specific business growth targets.

That’s unavailable on any general marketing seminar.

Your clients just raised the bar. Here’s what you need to know

By Jim Connolly | September 9, 2021

get visitors, marketing, post pandemic

Image: Brooke Cagle.

Over the past 18-months, just about everyone has experienced online shopping or accessed online services. These include all the people who value customer service. And all the people who wouldn’t previously have trusted or valued an online commercial experience.

Whether your business offers products or services, this is a huge change an a very short time. A huge change, which is radically raised the bar on what it will now take, to motivate people to visit you in person.

With your current and future customers / clients now aware of the simplicity, ease, speed and quality of transacting online, they need a lot more motivation to visit you in person.

  • Why should a customer waste 45 minutes driving to (and the same time driving from) a store, endure the stress of traffic, the hassle of parking and possibly pay more, when that product can be delivered to them effortlessly at a time that suits them?
  • Why should that client waste 45 minutes driving to (and the same time driving from) a meeting, with all the above hassle, when they can work with a service provider comfortably and securely, online… and save 90 minutes?

No, not every business will be directly effected, but every business will be effected. And some vendors and service providers will be hit harder than others. The thing is, business has changed and the change is becoming more obvious, the more we see economies reopening from the pandemic. It’s also effecting a lot more industries than most of us could have imagined a year and a half ago.

An important question to ponder now, if you’re committed to doing business offline when you ‘could’ switch to online, is this: What compelling reason can I provide, to motivate people to come and visit me?

Business owners unable to offer a very compelling answer to that question, will find fewer and fewer people willing to make a special trip just to visit them.

Thankfully, coffee shops may have your answer

One place I strongly recommend you look for an answer, is coffee shops.

Yes, I know your business isn’t anything like a coffee shop.

But it doesn’t matter!

Coffee shops successfully solved this problem decades ago and pretty much every business can benefit from what they did. You’ll be pleased to know I wrote about it here: Has your business passed the coffee shop test?

That’s a useful place to start.

Revealed: The most expensive mistake in marketing

By Jim Connolly | September 4, 2021

Follow the follower, marketing copy cats

Image: Charles Deluvio.

The road ahead is closed. Soon, a line of traffic builds up…

One driver does a U-turn, and confidently heads off at speed in the opposite direction, before turning down an adjacent street. Seeing how confident this driver seems, other drivers follow him, then other drivers follow them. The initial driver has no idea where they’re going. And now they’re all lost, wasting their time and running out of fuel!

Here’s why I’m telling you this. Following the marketing tactics of your competitors has the exact same effect.

Allow me to explain.

The most expensive mistake in marketing

You’ve no idea if the marketing your competitors use is working or if they’re running out of time and money. Following them is always a very risky tactic.

Here’s just one extremely common example of how the odds are stacked against you. It comes from the world of advertising.

Advertising providers give ads away to companies, knowing that when a company’s competitors see their advertisement, they’re also likely to advertise. These free ads are simply bait, to hook others in your industry.

Google and Facebook offer free advertising coupons all the time, knowing as soon as you use them, they win. They’ve done the numbers. They know a hefty subset of competitors will assume, the ads MUST work, if (whoever) is advertising there.

And yes, this follow-the-follower approach applies to every area of marketing, not just advertising.

If you’re not attracting enough new clients or making enough sales, stop following the followers. In short, quit dabbling. Your marketing needs to be meaningfully different. And it can’t be meaningfully different if it’s just like your competitors.

How to get your products, your services and your business noticed

By Jim Connolly | August 31, 2021

How to get noticed, be seen, stand out

Image: Rupert Britton

Take a moment and imagine that you’re in a huge stadium. There are 70,000 people there. And every single one of you is dressed in bright yellow clothing.

Then someone walks in who’s dressed from head to foot in bright red. Immediately, everyone notices them. They stand out because they’re not like all the others. They’re clearly different.

Here’s why this matters to your business: If you want to get noticed, you need to be willing to stand out. To be visibly, measurably and meaningfully different from your competitors.

That’s how you attract attention.

However, the typical small business unintentionally does the total opposite!

They offer the same kind of services as their competitors, to the same kind of people, for the same kind of fees. They have the same kind of website, the same kind of newsletter and the same kind of branding. And all because they use the same kind of general, generic marketing as their competitors.

It doesn’t work, because it can’t work

Why is that?

Simple: Every time you use a general or generic marketing tactic or marketing idea, by default you’re doing what the masses are doing. You become what Zig Ziglar used to call “a wandering generality”.

And in doing so, you actually make your business less visible.

Less visible?

How can marketing make you less visible?

Easy!

Instead of helping you attract the attention of your marketplace, generic marketing tactics and ideas act as camouflage. You become just like one of the 70,000 people in that stadium, dressed in yellow – – wondering why you’re not getting noticed or attracting attention.

You need a more effective approach to marketing than that. You need marketing that takes your business from the background and thrusts it into the foreground.

With this in mind, take a look at your marketing and consider how many things you’re currently doing, which are similar to your competitors. Then seek out creative alternatives. Alternatives that will get you noticed by your ideal profile of client or customer.

Does your business pass the Steve Jobs test?

By Jim Connolly | August 28, 2021

marketing, steve jobs

Photo: Shutterstock.

Every great business story begins with a dream. An inspiring, exciting and motivating dream. A dream that propelled the business owner AND those around them, to make amazing things happen.

Steve Jobs famously motivated top people to work for him, by sharing his dream with them. The most famous example was when he asked John Scully to leave Pepsi and join Apple.

Jobs said.

“Do you want to sell sugar water for the rest of your life or do you want to come with me and change the world?”

It’s hard to reject an offer like that! That kind of compelling dream literally changes how people feel. Feelings are what precede actions. As such, it massively increases the chances of people wanting to take action and invest in you, hire you or buy from you.

Just think about that for a moment.

The power of a compelling dream

In contrast, the ambition behind the typical small business is predictable. It’s pretty average. Here’s the thing: an average ambition won’t attract the best clients, customers, investors or partners. It won’t compel people to want to share a business’s vision or talk about them, either.

You end up working just as hard, but without the power of a compelling dream, the ceiling on your potential is unnecessarily limited.

This begs the question; how do you know if the dream behind your business is motivating enough? In my experience, there are 3 very good indicators.

  1. One way to know, is by how enthusiastic and driven you feel regarding your business. Compelling dreams bring energy and optimism. Average ambitions bring frustration and pessimism.
  2. Another powerful indicator is the way people react when you share your dream with them. If you’re on track, people will sit forward. Eyes wide open. Focusing on what you’re saying.
  3. And finally, you’ll find that other people pester you to become a part of your dream. They want to be on your team. Either as a customer, client, investor or advocate.

If your business isn’t energizing you, or isn’t attracting the people or attention it needs, check how compelling your dream is. Look at how motivating your plans are. Determine if you’re settling for less than you truly want.

Because it could be time to level up. It could be time to create a compelling dream that’s worthy of you, my friend.

Embrace the low risk and maximum potential mindset

By Jim Connolly | August 27, 2021

Eliminate risk, marketing mindset

Image: Harnoor Dhaliwal

It’s impossible to completely eliminate risk from your business. But you can have the best of both worlds, with low risk and maximum potential.

Let’s start by looking at risk and why you can’t (and shouldn’t) totally eliminate it from your business.

Think about it: Even if your results are fine right now, and you decide to just carry on with whatever you’re doing, you’re at enormous risk.

Really?

Yes, really!

You risk losing clients (or customers) to your agile competitors, who continuously seek to improve and target your client base with compelling offers. Sure, small and medium sized business are the most vulnerable, but even massive brands can be wiped out by the just carry on attitude. Remember; Blockbuster Video, Toys R Us, My Space, Palm Inc?

The question is, how do we get the best of both worlds; less risk and massively more potential?

I’m glad you asked.

Mastering the risk / potential balance

In seeking to eliminate risk, you also block yourself from every great opportunity. That’s because every genuine opportunity for your business comes with an element of risk.

So, no risk = no progress.

Therefore, rather than regard risk as something to avoid, consider the potential pluses as well as the potential minuses. Research the positives as well as the negatives.

And challenge your beliefs!

Challenging your beliefs is critically important, as one of the biggest barriers to your success are your inaccurate preconceptions. This is a perfect example. And I see equally damaging thinking with business owners all the time.

A well-balanced approach to risk and opportunity is behind every successful business. It reduces your exposure to risk, whilst simultaneously allowing you to fully benefit from the genuine opportunities your business must have, in order to grow.

I hope you found this useful. More importantly, I hope you do something with it.

Do lead magnets work?

By Jim Connolly | August 24, 2021

lead magnets, lead magnets still work? How to lead magnets

Photo: Shutterstock.

Business owners often ask me “do lead magnets work?“, as a way to grow their newsletter lists. If you’re considering using them, or you’re wondering why they’re not working for you, you should find the following useful.

Let’s go.

Lead magnets?

For those who don’t already know, the term lead magnets was made popular by internet marketing gurus / social media gurus (and pretty much every get-rich-quick guru). However, the concept has been around for decades.

It refers to a freebie, which is used to entice people to give you their contact details. The most common freebies include ‘special reports’, white papers, ‘exclusive’ audio / video content or some kind of information that’s only available via email. In return for the freebie, people are asked to provide their contact details.

Because of the negativity attached to lead magnets, many internet marketing gurus refer to them as ethical bribes. I’m not sure why they think a bribe sounds better.

Lead magnets and list building

Probably the most common use of lead magnets, is list building for newsletters. On the surface they seem like a no-brainer. You certainly can attract lots of contact details with them. That’s for sure.

However, there’s a major downside.

Lead magnets are notorious for attracting the lowest possible quality contact details. That’s because the use of free stuff as bait, is most attractive to so-called freebie hunters; who are attracted to freebies like moths to a flame.

Why does this result in such low quality?

Many / most freebie hunters use dedicated email addresses, just for getting their free offers. It’s used for nothing else. It’s only checked after they sign-up when they’re waiting for the freebie to arrive. As such, lists built from lead magnets can be really poor quality. Yes, you’ll probably attract some genuine contacts, too. But the overall quality will be massively lower than a normal list.

That said, there are some instances where lead magnets are worth considering.

Really?

Yes. Really.

Lead magnets can work

One example where lead magnets can work extremely well, is if you’re building a newsletter readership, where your business model is exclusively advertising.

Offering a freebie to people, who in return send you an email address, even a very low quality one, can be a pretty good fit. That’s because email advertising is still regularly sold, based on how big the advertising provider’s list is… which is absolutely nuts. The list size is close to worthless, without knowing all the relevant data.

Sigh.

Where lead magnets work least well

Without doubt, the area where lead magnets work least well is with service providers; lawyers, accountants, coaches, consultants, mentors and designers, etc., etc.

I regularly hear from service providers, who have built lists using lead magnets and seen terrible results. In fact, I was prompted to write about this after an email I received from a reader in Sydney, Australia. She’s a copywriter and has built a list of over 45,000 lead magnet contacts, which she’d mailed for 12-months. It didn’t generate one paying client. She showed me some of the emails she’d sent, and as you’d expect from a professional writer, they were superb. But the list itself just wasn’t worth mailing.

There are a couple of key reasons why lead magnets are so ineffective for service providers:

  1. Freebie hunters and prospective clients are totally different people. The level of commitment or interest required to download a freebie, is close to zero. However, the commitment and interest required to hire the services of an expert is absolutely huge.
  2. The service provider needs to somehow reposition themselves as a professional, who offers a high quality service. This, after showing they were fine offering ethical bribes / freebies, in an effort to get clients. At best, it looks a little needy. At worst it looks shoddy. Either way, that’s a considerable barrier to overcome.

Conclusion: So, do lead magnets work?

Yes. Yes, they absolutely have their uses.

My advice is to pause and think. Consider why you need lead magnets and what you hope to achieve. Unless you sell advertising based on list size, it’s usually a pretty poor strategy.

Tip: Here’s a massively better list building strategy: How to build a list that builds your business.

The most valuable lists, by far, are those that grow organically. No lead magnets required. Organic lists grow because people are genuinely interested in knowing more about what you do. These interested people are of enormous value to your business. They not only share your newsletter with their friends, they truly are prospective clients.

How to be lucky in business. Plus 4 other nuggets

By Jim Connolly | August 16, 2021

marketing, business, luck, lucky

  1. If you hear yourself wishing for better luck, remind yourself that what you really need, is a better strategy.
  2. It’s getting harder and harder to sell average stuff, now that everyone has a social media megaphone.
    • The best providers get their message amplified in public.
    • The average providers get their message minified in public.
    • Below average providers get their message vilified in public.
  3. A business succeeds when there’s congruence between what the business owner wants… and what the business owner does. Failing to provide a business with what it needs, is like refusing to water your plants. Only a lot more expensive.
  4. Everything your business does is marketing. Yes, everything.
  5. Never complain about the economy or other outside factors. Adapt. Adjust. Put your success in your own hands.

Now go and make it a great day, my friend.

Important: The 7 figure business scam

By Jim Connolly | August 10, 2021

Image: Pickawood

Since the start of the pandemic, I’m hearing from a rapidly increasing number of people, who’ve been ripped off by what I’m going to call, the 7 figure business scam.

Here’s a quick look at what it is and how it works.

When we hear someone say that they’ve built a 7 figure business (and can help you build one), the assumption is that the business has been valued at a minimum of $1,000,000 and a maximum of $9,999,999. And that’s what you can expect.

Sounds impressive, right? That’s because it’s supposed to.

That 7 figure business claim, tends to be used widely by success gurus / get rich quick artists. And they have an excellent reason to use it. It’s extremely misleading. It sounds impressive and means almost nothing.

Beware of the pennies

Some of these scammers include the pennies in their 7 figures. So their 7 figure business claim, can be as low as $10,000,01.

They use this trickery to justify their ‘promise’, that their course, book, program, success system or whatever bullshit they’re offering can “help business owners build a 7 figure business”. They know that the massive majority of victims will already have a business worth more than 10 grand.

It’s intentionally, totally misleading.

Beware of biased valuations

Some use the 7 figures claim as a way to boost their credibility. This is extremely common online.

They’ll say they’ve built their own 7 figure business, with the valuation based on what they personally feel their business is worth.

The actual, independently, expertly assessed commercial value could be as low as zero. Or less, if there’s debt attached. However, by suggesting their business is a roaring success, they have a powerfully convincing (totally misleading) marketing tool at their disposal.

The 7 figure business scams are just one common example of things to look out for. The key is to request clarification of claims made and figures quoted, before you part with your money.

I hope you’ve found this useful. If you have, please share it with your friends.

What is The Lock-in Effect?

By Jim Connolly | August 6, 2021

the lock-in effect, vendor lock in, what is lock in effect,

Image: Nicolas Hippert

One way to retain more of your customers is a tactic called The Lock-in Effect. The Lock-in Effect, also known as vendor lock-in is almost universally frowned upon. And with good reason too. It’s a selfish and manipulative approach to business.

However, in this post I am going to show you a powerful, ethical and profitable way to use The Lock-in Effect to grow your business.

What is The Lock-in Effect?

It’s a term that’s typically used to explain a practice, where a company makes it extremely hard for their customers to leave them / switch to a new provider, even if the customer wants to.

A couple of lock-in examples:

  • Banks are notorious for making it far more difficult to move to another bank, than it needs to be. Bill payments are often missed and a process that should take minutes electronically, can drag on for weeks or more. You feel locked-in, because the pain and frustration of moving banks is so high.
  • If your company is set up to use a certain software package, which all your employees have mastered, it makes it a lot harder to drop that software when a better alternative appears. The cost of buying the new software, and the time and cost required to retrain everyone and the potential for lost data, makes you feel locked-in.

An alternative to the Lock-in Effect

Yes, there will always be businesses that deliberately offer a very average service and try and lock their customers in, using trickery. However, there is a far better way to use The Lock-in Effect. It’s more effective. It’s more ethical and it leads to massively better results.

We can create so much value through our products and services, that our clients or customers lock themselves in.

This approach to business has been used by companies like Apple, Netflix and Zappos – where we see their customers not only going back to them again and again, but also telling everyone about them. That’s why the best Apple salespeople… are Apple’s own customers.

The goal here is to lock clients or customers into your business, by delivering an experience that is so good, they would be crazy to leave you.

That’s the most effective way to make the lock-in effect work for you and your clients.

The marketing gold mine that’s under your nose

By Jim Connolly | August 5, 2021

marketing tip, learn success others

Image: Tadeusz Lakota

Sometimes the very thing we’re looking for is right under our nose. Today’s marketing tip fits into this category. And it could be worth an absolute fortune to you and your business.

Think for a moment about the following.

– The last email subject line you read, which was so intriguing that you had to open the email.

– The last special offer you discovered, which was so compelling that you had to either make a purchase or make an enquiry.

– The last newsletter article or blog post you read, which was so useful you had to share it with your friends.

– The last flyer you read, which was so well designed that it captured your attention.

– The last advertisement you saw or heard, which was so appealing that it caused you to buy something or contact the advertiser to find out more.

– The last contact form you used, which required so little personal information that you happily filled it in and pressed ‘send’.

– The last customer service experience you received, which was so memorable that you had to tell your friends about it.

Success leaves clues

Each of the above is an example of successful marketing. Proven illustrations of what it takes to motivate people to act; open an email, make a purchase, pay attention to something, make an enquiry or spread the word.

The reason I’m sharing this with you is that in many cases, these are ideas and tactics that you can adapt and incorporate into your own marketing.

Now consider this. Unlike general marketing ideas you get from a book or training course, you already know for certain that these will work. You know, because you saw the effectiveness for yourself.

As you can imagine, the tricky part is figuring out exactly how to successfully adapt and deploy these ideas. But don’t let that put you off. The up-side for getting it right is potentially huge.

Success leaves clues. And thankfully, the clues for marketing success are everywhere.

He speaks with great authority, on things he knows NOTHING about

By Jim Connolly | August 4, 2021

bad business advice

Image: Medienstuermer

Some people are excellent communicators. The way they deliver words is compelling and their ability to motivate those they speak with is exceptional.

Which is usually great. If the person sharing ideas with us is a subject expert, we gain mightily from their guidance.

The challenge comes when they speak with great authority, on things they know nothing about. When they voice an opinion as if it were a fact. When they’re as compelling as ever, yet they motivate us to do something that’s absolutely wrong.

I was thinking about this earlier, when I received an email from a reader. I thought you might find it useful, so here’s what happened.

When things go wrong

My reader recently had a legal issue with a web designer, regarding a site they’d developed for her business. She wanted some advice on what to do and spoke with a business adviser, who had previously helped her with (great) general business advice. My reader took his advice and sent an email to the web developer, using the wording her business adviser suggested.

Nothing happened.

So she spoke with a lawyer to see if she could “get things moving”.

The lawyer read the email and sadly, the email content has ruined any chance of her getting the resolution she hoped for.

This is from my reader’s email, published with her permission:

“In the past, his advice has always been excellent. That’s why I called him. […] He speaks with great authority, on things I know very little about. I now know he also speaks with great authority, on things he knows nothing about“.

Note: I made a similar mistake myself (2 actually), when I started in business. I wrote about it here.

Obviously, we need to remind ourselves to only take advice from people with relevant experience / qualifications. It’s also a good idea to consider who we currently rely on for advice, and whether their advice is working for us or not. Daily, I see the damage caused when business owners take bad marketing advice from general business advisers and generic online courses.

Yes, expert advice will come with a fee attached. However, that fee is usually way lower than the price we pay for taking bad advice.

Answers, insights and ideas: 12 Things to focus on

By Jim Connolly | August 3, 2021

marketing ideas reality

There’s an old saying that assures us, if we want better answers we need to ask better questions. Good quality questions cause us to think differently and often give us extremely useful answers, insights and ideas.

With this in mind, I’ve compiled some questions, which I hope will help you to identify opportunities to help your business thrive.

In no particular order.

  1. What lessons can I learn from the most successful person I know… and conversely, what can I learn from the mistakes of the least successful people I know?
  2. What’s the biggest challenge currently facing my clients (or customers) and how can I help them overcome it?
  3. What’s the biggest challenge currently facing my marketplace and how can I help them overcome it?
  4. How can I make my services meaningfully different?
  5. Am I regularly using the 6 Idea Trick?
  6. What is currently the weakest point in my marketing and how can I improve it?
  7. How many non-essential fields can I remove from my contact forms, in order to increase the number of enquiries I get?
  8. If I charged 300% more for my services, what extra value would I be able to deliver to my clients… and why don’t I build this as a new, highly profitable, premium version of my services?
  9. Who let the dogs out? (Okay, just checking to see if you’re still reading along with me).
  10. What’s the best thing about my services and how clearly do I communicate this compelling advantage to prospective clients?
  11. How might it benefit my clients and prospects, if I slightly adjust my business hours so they’re a little different from others in my industry, and better suited to the needs of the clients I serve?
  12. Is my face also the public face of my business or do I / we mainly operate behind a logo… and if the latter, why?
  13. Who are the top 5 people I need to connect with and what’s my strategy to make this happen?

Let me know how you get on.

5 Tips to help you build a HUGELY valuable newsletter list

By Jim Connolly | August 2, 2021

newsletter lists, list building, email marketing

Here are 5 tips, to help you build a big and valuable newsletter readership or list.

Let’s go.

1. Go easy on the pitches

Make sure it’s a newsletter and not a badly disguised advertisement. Here’s the thing: People avoid advertising. We skip the commercials on TV. We pay developers to remove the ads from the free version of their apps. We see advertisements as unwelcome interruptions.

If your newsletter reads a little too much like a sales pitch, it will be largely ignored. This leads nicely into the next point.

2. Be useful

The more useful your newsletter is, the more your readers will value it and share it. Your ultimate goal is to build a large, targeted reader community, who become either clients, customers or advocates. None of that can be achieved with predictable, pedestrian content.

Useful content is what gives your newsletter legs. It’s what inspires people to subscribe, stay subscribed, share and make purchasing decisions. So, before you hit send on a newsletter, make sure it contains valuable, useful information. Provide answers to your reader’s problems. Share useful tips. Point your readers to helpful resources. You get the idea.

The more value you pack into each newsletter, the more your readers will value it… and the more they will value you. Think about that for a moment.

3. Get the design right

Even if your content is wonderful, people won’t take it seriously if the design looks poor. The first bite is with the eye.

If your newsletter provides valuable information, but the design looks amateurish or outdated, it’s like serving a delicious meal on a dirty plate.

So invest in the best design or newsletter template you can. Because whether your newsletter looks cheap or is presented professionally, it all reflects back on you.

4. Ask readers to share

Even if readers think your newsletter is great, it may not occur to them to share it. People are busy. Really busy. By reminding them, you plant the idea of sharing the newsletter in their mind. Moreover, you do this at the exact point, where they have just read it and enjoyed it. I used to have a section at the bottom of my newsletter, which said:

“If you have found this newsletter interesting, please share it with your friends”.

When I added that short message to my newsletter, the results were immediate and measurable. It’s amazing what a simple reminder can do.

5. Help it spread

Convert people who had your newsletter forwarded to them, into subscribers.

Imagine your friend had just forwarded a great newsletter to you. You’d want to get a regular copy, right? You don’t want to have to rely on your friend, remembering to forward each edition to you. So, I added the following sentence to the above message:

“If you have had this newsletter forwarded to you and would like a regular copy, click here.”

Never underestimate the power of a subtle, non-pushy reminder.

Make no mistake, newsletters can be an extremely powerful marketing asset. It’s why I make my best blog posts available in newsletter format. And it’s why I ask you to take your newsletter seriously and invest in it accordingly. Give it the time and effort it needs. Because the rewards for getting it right are huge. Really, really huge.

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Hi! I'm Jim Connolly and I help small business owners to increase sales, boost their profits and build amazing businesses. Read more here.

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