It’s simply this: In business the winners get moving.

Here’s why those 6 words are critically important to the success of your business.

• Every business owner has ideas and occasionally great ideas.
• Every business owner is presented with opportunities to succeed.
• Every business owner can choose to be a leader.
• Every business owner can instigate, rather than wait for someone else to move.
• Every business owner has potential to be better today than they were yesterday.
• And every business owner has the same 24-hours available to them every day.

It’s what we DO that counts.

• Not our intentions.
• Not our network of business contacts.
• Not our cutting edge technology.
• Not our plans.
• Not our targets.
• Not our qualifications.
• Not our competitive edge.
• Not our ingenuity.
• Not our skills.

Intelligent action always precedes success. That’s why in business, the winners get moving.

Photo: Shutterstock.

Your time is easily the most valuable asset you have. So today I’m going to show you an effective way to eliminate time wasters and replace them with high-quality, eager prospective clients.

Let’s go.

Salt and sugar

To begin, I’d like you to think for a moment about how similar salt and sugar look. They’re almost indistinguishable to the human eye. Even close up.

So why don’t people regularly add salt to their beverages by mistake? Sure, at home people know where they keep the salt and the sugar. But when they’re out? Why don’t we constantly see people in coffee shops and restaurants, having salt and sugar related accidents?

Looking for clues

A salt shaker looks very different from a sugar bowl. That’s why we never pick up a sugar bowl and assume it contains salt. Or vice-versa.

• The container (packaging) gives us powerful clues about what’s inside.
• These clues send us a direct message regarding what to expect.
• They also guide the action we decide to take.

People use clues like this all the time. And that includes our prospective clients. When they need a new provider, they’re looking for guidance that confirms we offer exactly what they need.

So, what kind of decision-making clues are in your marketing?

For example. Do your clues set the right expectations regarding your fees, or do they attract fee-sensitive enquiries? Do your clues motivate people to want to purchase now, or do they attract early stage researchers, who’re not ready to buy? You get the idea.

If you’re sick of wasting your time with the wrong kind of client enquiries, check your clues. Look at your marketing through the eyes of a stranger; someone who doesn’t already know the type of clients or customers you want to attract. Then, make sure your messaging clearly positions you in the correct way.

I hope you find this idea useful but more importantly, I hope you give it a try.

It’s tough being a service provider. There are so many of us in every industry. Not only that, a prospective client can find lower priced alternatives to us, on Google, in seconds.

With so many competitors, what can we do?

Well.

• We could try and out-spend them on advertising. Of course, this eats into our profit margins.
• We could try being the lowest priced. Of course, this almost eliminates our profits.
• We could try joining a networking group. Of course, we’d be relying on fellow group members to provide us with leads; the very same people who need to attend the group because they can’t even get enough leads for their own business!

There are better alternatives though. And one that works extremely well, is to become number one in a category of one.

It’s the strategy I follow for my own business and one that could be just as effective for you and your business.

It works like this

Let’s imagine you’re a financial advisor. (You could equally be a mentor, lawyer, designer, trainer, accountant, marketing consultant or whatever). Anyhow, unlike your fellow financial advisors, you choose to work exclusively with creative professionals. This immediately places you as number one in a category of one.

• The fact you understand their profession at a super-deep level, sets you apart from the rest.
• The fact you understand their terminology and speak their language, sets you apart from the rest.
• The fact you understand the threats and opportunities specific to their industry, sets you apart from the rest.
• The fact you understand their unique requirements, sets you apart from the rest.
• The fact you understand the creative mindset, sets you apart from the rest.

And because you’re clearly more relevant to the creative industry, you will stand out as the obvious choice, to be their next financial advisor!

It’s hard to think of a service provider in any industry, who couldn’t transition themselves into being number one in a category of one.

Including you.

Yes, including you!

Photo | Andrew Draper

Today, I’d like to help you avoid maybe the most frustrating thing in business. I’m referring to watching your less capable competitors gaining more of the market, and making more money, than you do.

It all starts with understanding the following.

The most successful provider and the best provider, are seldom the same provider. In fact, it rarely happens.

That’s because being the best doesn’t automatically mean people will notice you, believe you, buy from you or hire you.

Why is that?

Commercial success requires a critically important balance.

You need to balance the development of a great service, with the development of a strategy to earn the attention, trust and business/patronage of your marketplace.

Here’s why that balance is essential.

• If your prospective clients don’t know you exist, it doesn’t matter how exceptional your service or product is, because you’re not an option for them.
• If your prospective clients DO know you exist, but your marketing doesn’t inspire them to trust you, they won’t hire you or buy from you.
• And if your prospective clients know you exist, and they trust you–but your marketing doesn’t motivate them to take action, they won’t hire you or buy from you.

Without that balance in place: Trying to grow a business is extremely frustrating, as less capable competitors grab your share of the marketplace. You will already know competitors in your space, who are nowhere near as good as you, yet they’re flying.

With that balance in place: You get all the rewards your hard work and dedication merits.

Thankfully, this is directly under our control as business owners. And it’s easy. All it takes is a decision. The decision to adjust the balance, so our business attracts the volume and quality of clients we deserve.

But here’s the challenge

It’s even easier to ‘keep on keeping on’ and hope things just get better. Which is why this message is ignored by most people I share it with. It’s why there are business owners still whining about how unlucky they are 5 or even 10-years after they started their business.

It’s not luck.

It’s a decision. THIS decision.

And as business owners, it should be the easiest, most obvious business decision we ever make.

Photo: Nick Fewings

Today, I’d like to share a very powerful marketing strategy with you, which few, if any, of your competitors are aware of.

Every business provides a product or a service, which solves a problem for the customer. In order to solve their problem, it needs to create a change. To move the customer from something to something.

For example.

• From worried to confident.
• From vulnerable to safe.
• From broke to wealthy.
• From discomfort to comfort.
• From bored to entertained.
• From struggling to succeeding.
• From confused to clear.
• From sad to joyful.
• From scruffy to glam.
• From lonely to connected.
• From loss to gain.
• From ignorant to informed.
• From stressed to relaxed.
• From pessimistic to hopeful.
• From lost to guided.

Now, here’s the part very few business owners get right.

You need to figure out the change your prospective customers are looking for. Their ‘from what’ and their ‘to what’.

Warning

The biggest danger here is believing the answer is obvious. It almost never is.

Seriously.

For instance, no successful coffee shop focuses on changing you from thirsty to quenched. None of them.

They change you by creating an attractive atmosphere. An atmosphere, where you can go from stressed to relaxed, or from tired to restored, or from lonely to connected, from stuck to creative or from bored to entertained.

The world’s top coffee shops know this. It’s what their marketing focuses on. It’s why we see very little emphasis placed on the coffee beans used, yet huge emphasis placed on the welcoming, positive atmosphere.

Here’s another example.

The world’s most expensive restaurants don’t focus on taking you from feeling hungry to feeling full. You can go down the street and get the same number of calories from a burger joint for pennies. Instead, these restaurants focus on their exclusivity. They take you from feeling normal to feeling like a star.

You get the idea.

Your product or service

Determine what change or changes your prospect is truly looking for.

Focus on the ‘from what’ part. Your marketing message needs to meet them right there. It needs to talk to their current situation. It needs to address the discomfort they’re feeling. This means your message will be on the very same wavelength that they’re on. This dramatically and profoundly increases the sales impact of your marketing

Then focus on the ‘to what’ part. Your marketing needs to illustrate how your product or service transitions them to their end point. To the very thing they desire.

This marketing strategy is designed to directly address the wants or needs of your prospects and position you as the answer. Almost no small business marketing does this and amazingly few medium-sized businesses.

Next week marks the 2nd half of 2024. If you want to finish the year strong, no matter how things are going for you right now, today’s newsletter is exactly what you need.

What follows is based on almost 30 years of experience, helping small business owners achieve their best results. It’s a very straightforward approach. And it works in every industry and profession.

And it starts with us taking a look at how our business has performed over the first half of 2024.

Reflection and action

If we reflect on our progress and discover we’re on course to hit or smash our 2024 targets, we need to take action.

1. To stay focused.
2. To persevere.
3. To carry on doing the right things, correctly.

If we reflect on our progress and it looks like we’re not on course, we need to take action.

1. To accept the urgency of the situation.
2. To decide that more of the same is not an option.
3. To get strategic. Important: Most business owners don’t know what an effective strategy is. Here’s a short, brilliant explainer video, by Professor Roger Martin.
4. To make better decisions.
5. To take better actions.
6. To finish strong and turn things around.

And here’s the GREAT news

Whether we’re on target or off target, we can still make this a very successful year. Equipped with the right strategy and support, our decisions will improve, our actions will improve and our results will improve.

The key is to act. And to act in accordance with the results we’re currently experiencing.

Lots of small business owners get this wrong. Many of those who are off target today, will stay focused, persevere and carry on… with more of the same. They’ll stick with what they’re doing and hope that things will improve.

Over the years, I’ve helped thousands of businesspeople to transform their results. In every case, their turnaround success started after they took that number one step above. They accepted the urgency of their situation, which inspired them to make the required adjustments. 

Yes, I do this same exercise myself

On a personal note, the only reason my own business has been successful over the years, is that I have learned to review my progress, or lack of progress, and then to act accordingly.

If I was using the same approach to my business in 2024 as I was using even a few years ago, my own business would be contracting today.

We all need to reflect on where we are, and then act accordingly. So please take time to see where your business is today, look at its direction of travel, and make the required adjustments.

Photo: Richard Stachmann on Unsplash

Today, I’d like to share a profoundly important marketing and business development idea with you, which is often ignored.

What makes it “profoundly important”? It’s literally (not figuratively) essential if you want to build a successful business and a very bright financial future! That’s why I am also going to show you how to get started.

I need to begin by asking you a question. How many of the marketing or business development tasks you worked on last week, were due last week?

Your answer to that question is important. It’s a great snapshot of how long-term or short-term your current horizon is.

The next 6 months, 12 months and 36+ months

It’s natural to focus on making your next sale or getting your next customer enquiry. It’s really important, too. However, it’s profoundly important to come up for air and look to your future. To work on the foundations of your marketing and business development, which will determine your success over the next 6 months, 12 months and 36+ months.

This might include answering key questions like.

• How can you greatly increase the number of sales you make, in the next 6 months, 12 months and 36 months or more?
• And how can you increase the profitability of those sales?
• What could you be doing in order to significantly improve your customer retention rate and the number of customer referrals you receive?
• What valuable, new product or service could you be working on, for your current and future customers?
• Who are the useful people you need to introduce yourself to now, so you’ll have an existing relationship with them in your medium and longer term? There is a direct link between how well connected you are, and how successful your business will be. There’s more information on this here, (in the 3rd marketing tip).

Today’s important tasks absolutely need to be worked on. But the only way to build a spectacularly bright future, is to work today with our future in mind. We need to regularly make time to think, plan and work on our longer-term success.

This means resisting the temptation of being so wrapped up in today’s business challenges, that we have too few foundations in place, for the future success we are capable of achieving.

Plant a seed today

Make time today, even if it’s just 15 or 20 minutes, to advance a business idea you have. In doing this, you’ll be planting a seed for the future success of your business. Then tomorrow, plant, water or feed  another seed. And again the day after.

When harvest time comes, you’ll be very glad you did.

Photo by Stas Knop on Pexels.com

Empathy is rarely discussed when people talk about building a successful business. However, empathy is one of the most important components of effective marketing.

Think about it.

• The vendors you feel closest to are those who understand you.
• The vendors you value the most are those who appreciate you.
• The vendors you’re most loyal to are those who take the best care of you.
• And the vendors you tell your friends about are those who eagerly go the extra mile for you.

Why does this happen?

It happens because business is all about people.

More specifically, it’s about how people feel. That’s because our feelings are what drive the decisions we make, and our decisions are what lead to the actions we take. Feelings are what cause people to hire you, buy from you, trust you, recommend you and remain a loyal client or customer.

You truly care. So don’t keep it a secret

Yes, you care about your clients. And they know it.

But what about your prospective clients? Does your marketing reflect the fact that you’re passionately committed to helping them? If you’re not sure, try this.

Take a look at your most recent marketing or the content on your website, through their eyes. Does it leave the prospect in no doubt that you care about the people your business serves? If not, get to work on it.

A lot is said about the importance of out-smarting our competitors, yet little is ever said about out-caring them. Ironically, one of the smartest things we can do, is to make darn sure that our prospects know how much we care.

Why?

Because very few of your competitors, even those who care a great deal, will make it a core part of their marketing. They just take it for granted that prospects will know.

So, give your business a huge competitive advantage. Make it clear that you genuinely care about the people you serve. It will massively improve the way prospects feel about you. And those feelings are what drive their decisions and their actions.