Jim's Marketing Blog

Marketing tips and ideas to help you grow your business

To make it in sales – fish for whales!

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When I started my first sales job, over 20 years ago, my boss gave me a piece of sales and marketing advice that has helped me generate millions of pounds worth of sales – and I am going to share it with you right now!

“To make it in sales, fish for whales!”

I asked my former boss what his comment about fishing for whales actually meant.  He explained:

“Jim, if you go fishing and you catch 10 goldfish, you won’t even fill a cup – but if you catch 10 whales, you will fill half the beach!”

Sales leverage

With that simple explanation, he taught me how the amount of time and effort required to win a £50,000 sale, was not a great deal more than it took to win a sale of £5,000.  This simple idea totally blew my mind!  It was my introduction to what I know today as leverage.

I immediately realised that if I wanted to succeed in sales, I needed to prioritise my sales efforts and focus on where I could deliver most value as a salesperson – because that’s where all those whales are!

If you want to dramatically improve your sales figures, make sure your time and energy is invested wisely – fishing for whales and not goldfish!

How to get your fees or prices right in 3 steps!

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One of the most common marketing mistakes I see small businesses and consultants make, is that they set their fees or prices too low. They claim to offer a valuable, high quality service, but then lose credibility (and sales), by offering that service for a bargain basement fee.

In this blog post, I am gong to give you a superb three step guide to make sure you get your fees or prices right every time.

Marketing and mixed messages

When your marketing messages promise a high quality service, but your fees are suggesting a bargain-basement service, you send out a damaging mixed message.  In marketing, these mixed messages are to be avoided at all costs, because they create uncertainty and they lose you business.

If someone is uncertain or confused about something – and you ask them to make a decision, they will always (well 99% of the time) simply say ‘no!’

A mixed message makes us feel uncertain, so in business, rather than risk making a mistake, the natural human response is to walk away from the deal.

It’s about value and NOT about being ‘cheap’

Your future clients are looking for value! They want to get as much ‘bang for their buck’ as possible and they already know that ‘cheap’ products and services offer very poor quality.  When the economy is weak, people are even more focused on value than usual.  Businesses and consumers will eliminate anything from their outgoings, which they think is not offering them great value.

Three steps for setting your prices or fees perfectly

  1. I always suggest to my clients that they start by researching their competitors; to see what the average price or fee for their industry is and to see what kind of guarantees or promises they are competing against.  Here’s a great free guide to show you how.
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  2. Next, after researching what your competitors are doing, you should aim to go one better.  Look for ways to pump more value into your service, so that it’s MORE VALUABLE to potential clients than what your competitors are offering.  Can you stay open later?  Can you offer a unique guarantee?  Give yourself enough time to really examine all the opportunities to increase your value.
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  3. Finally, you need to set a price or fee that accurately reflects an attractive proposition for your new, highly valuable service.  You achieve this by using the exact same technique used by all marketing professionals – Test, measure, test measure.
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    Test your new price / fee and measure the response you get.  Then, adjust the fee until you hit ‘the sweet spot’ – the fee that allows you to make a GREAT profit AND gives your clients GREAT value!  I have written a great free guide for you, which will show you what to do – it’s here.

Make sure your prices match your promises.  It will not only make it far easier for potential clients to see the true value of your services – it will make your business far, far more profitable too.

Avoid toilet paper web design

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Marketing is all about developing trust.  This is why I am always totally amazed, when I see an apparently legitimate company, using the exact same ‘toilet paper web design’ as used by online criminals, scammers and con artists!

What is a ‘toilet paper web design’?

I coined the phrase ‘toilet paper web design’ a year ago.  It refers to that ugly, hard-sell design style, where web pages are fairly narrow BUT REALLY, REALLY, REALLY LONG!  They just roll on and on like a long narrow roll of toilet paper (hence the name!)

Usually, these over-long pages use lots of different font colours and font sizes, plus pictures of expensive cars, piles of money or sometimes both!  There’s way too much use of underlined words and highlighted text – they look like a total mess!  Some even show fake copies of financial records and fake testimonials about whatever scam they are trying to fool you into signing up for.

They then end with a super, limited offer; for you to get a ‘bundle’ worth 299.99, for just 24.99!  The bundle is either membership of something or a photoshop image of a box, which looks like a 1970’s soap powder box!

Legitimate businesses should use legitimate marketing!

When someone visits a website, they immediately form their all-important first impression of that website and the person or business behind it! If they see you using the same online marketing style as a scammer, you are really in trouble!  Your image will be warning them NOT to go within a mile of you – that’s not good for your marketing!

Unbelievably, some of the most common users of toilet paper web design are legitimate business coaches, trainers and consultants! This con artist template is fine for con artists.  However, if you have a legitimate business with a legitimate product or service, it’s crazy to try and emulate what criminals do.

Whenever I have spoken to legitimate businesses, who use the toilet paper web design approach, they always say they did it after either reading some ebook or after seeing a site that claimed to be successful, using the same approach.

An ebook can be written and posted to the Internet in minutes and a scammer will never admit their site is not working!  They usually have dozens of sites and rely on each one finding enough vulnerable people to make a small profit!

If you know a legitimate business that’s using this approach – point them to this article and help them avoid being wrongly associated with Internet scumbags!

How to test and measure your marketing

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As any marketing professional worth their salt will confirm, successful marketing is based around a process, where you ‘test, measure, test measure’ everything you do, until it’s as effective as you can get it.

Here’s how testing & measuring works!

You test (or try) a new idea and then you measure the results you get. If your business uses mail shots, test a new headline and measure what feedback you get.

If, for example, your new headline generates a 10% increase in enquiries or sales – keep the new headline and dump the previous one.  Then, test a different offer or guarantee in the mailing.  If the new offer or guarantee increases your response rate by 20%, keep it.  If it reduces the number of positive responses you get, dump it and test another offer or guarantee.

Over a relatively small number of mailings, you can dramatically improve your results.

This constant tweaking, based on testing and measuring, is how you improve your marketing results. However, you never start off with perfect marketing.

Your aim is to leverage your marketing, so you get the best possible return you can. This means it is always a work-in-progress – never perfect!

Paralysis by analysis

I spoke with the owner of a small business last week, who had some really exciting ideas for marketing her services.  The problem is, she has had these great ideas for over a year and still done nothing with them!  When I asked her what was causing the delay, she replied; “I’m a perfectionist.  Everything has to be just right before I begin.”

Ironically, the perfect way to begin your marketing is to decide what you what to do and then JUST START! Once you know you have a good idea or you see a good marketing opportunity, get to work immediately!  One of the reasons many small businesses fail to achieve the sales success they want, is that they suffer from ‘paralysis by analysis.’ 

By  examining everything in too much detail and then waiting for every condition to be just perfect, they either do nothing at all or take so long that the opportunity has gone!

Only change one thing at a time

When you use the test / measure approach in your marketing, it’s really important that you only ever test one thing at a time.  If you change more than one element, it’s impossible to see what caused the change in your feedback.

So, if you currently run an advertisement in a magazine or website, only change one component of that advertisement then measure the difference in the response you get.  If you change the size of an advertisement and also the wording or design, you will not know what created the increase or decrease in your results.

Measure everything!

It’s extremely important to measure your feedback accurately and fully.  This means you need to measure the negative response as well as the positive.  An email marketing exercise that generates 10 replies, from people who do not become clients, is NOT a zero response rate!  It is proof that 10 people read your email and were motivated enough to call or email you.

If you sent that email to 5000 people, it’s also proof that 4990 people DIDN’T feel motivated enough to call or email you – and that’s just as valuable!

What they say in their response to your marketing is also really important. For example, if they say that they expected your fee or price to be lower than you quoted – they are telling you clearly that you need to pump more value into your marketing message! Measure everything and then, when you test the next time, use that feedback to improve your results.

Start now – Look at your existing marketing for an opportunity to test and measure.

The marketing power of association

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It’s a fact; before someone becomes a client or customer of your business, they need to trust you.  One of the fastest ways to create an image for your business, which people in the marketplace will trust (and desire), is to make “the power of association” a part of your marketing mix!

Marketing and short cuts

People are programmed to look for short cuts when it comes to making decisions!  This is why the recommendation of a friend is so powerful.  If there are 10 equally good print companies in your area and you need to pick one, the one that has been highly recommended to you by half a dozen of your friends will win your business every time!

The recommendation of your friends quickly and powerfully reduces the level of risk you feel about using the recommended company.

In marketing, you can ‘leverage‘ the power of association to create a similar decision making short cut in the mind of all your prospective clients!

The marketing power of association

If your prospective clients associate you or your business with a highly respected person or organisation, they mentally link you and them together.  This instantly elevates your reputation in the marketplace!

For example, an unknown designer can make a fortune, simply by having Brad Pitt say he loves wearing their clothes!  Yesterday, he or she was an unknown designer – today they are a super-cool designer to the stars!   Their designs are no better or worse than they always were, but their new association with Brad Pitt means there will now be massive demand for their work.

Brad Pitt’s praise created a short cut, by showing people these designs were ‘cool.’  His comments would also generate a stack of invaluable free publicity. That’s the power of association!

How the power of association helps me

If, for example, someone has never heard of me, they might be cautious about using my free marketing advice.  However, when they learn that I have contributed to The BBC or CBS or their favourite newspaper – they instantly see me in a different light.  My work takes on a totally different perspective, because of my associates.

How the power of association can help YOU!

More importantly, the power of association can be used to massively improve YOUR results!  If you want to benefit from the power of association, you need to do two things.

  1. Firstly, you must be extremely selective about who and what you associate yourself and your business with.  You need to deliberately target people and organisations that will increase your reputation in your marketplace.
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    For example, phone your local radio station and ask if they need a newspaper reviewer for their early show.  (That’s how I got my first coverage on The BBC!)Think of the people and organisations that are most respected in your profession and form associations with them.
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  2. Secondly, you must make sure that everyone knows about your high calibre associations!  It’s not enough to be linked to some great people and organisations; you need to make sure the marketplace knows.

The power of association can also work AGAINST you!

I spoke with an accountant recently, who told me he had wasted over £1,000 sponsoring a business event.  The event was a free-to-attend lunch and seminar; hosted by a well-known UK business development organisation.

Although he got a handful of leads from the event, they were a total waste of time.  He explained; “they just picked my brain for free accountancy advice!”

The reason his sponsorship could never have worked is simple.  He had just associated his accountancy practice with an organisation well-known across the UK for providing free, low quality business advice! Also, the people attending the event were those who are looking for FREE, generic advice.  These are the very worst people to market his premium accountancy service to, because advice from a qualified accountant is neither free nor low quality!

So, it’s extremely important to be selective, regarding who you associate your business with.  The right associations will attract business and the wrong associations will lose you business even faster!

Avoid this common problem

As I mentioned earlier, a personal or professional recommendation CAN be a wonderful source of new business.  The problem here, is that very little is ever said about the DAMAGE that can result from having your business recommended by people who lack credibility or are unprofessional!

For example, I was emailed by one of my newsletter subscribers, who runs a small law firm.  He had been a member of one of those networking groups; which meet for breakfast once a week to swap referrals.  To remain a member of this network, you have to provide leads every week.

He found that a few of his fellow networking associates were using the same ‘high-pressure techniques’ to generate leads for him; as they were using to generate leads for their own direct sales businesses.

Two years later, his law firm’s professional reputation is still tarnished; because of the hard sell approach used by his former networking associates!

What next?

Every association you have is either helping you gain credibility and trust within the marketplace or it’s bringing your reputation down!  Take time to list and then evaluate the credentials of everyone whose name or logo you use in your marketing.

Next, decide which side of the scales they are on!  Are they helping you or hurting you?

If they are not improving how the marketplace views your business, you should seriously consider disassociating from them immediately.

Good marketing advice?

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I have just been reading some dreadful marketing advice; given by a self-proclaimed ‘marketing guru,’ to the owner of a small business. The advice was in answer to a question posted on Twitter.  The advice was totally incorrect and showed that this so-called marketing ‘guru’ didn’t even possess a basic understanding of marketing.

I checked-out the guru’s website and…

Because the advice was so obviously given by someone with no marketing background, I was curious and decided to check out her website.  In seconds you could see that this lady was clueless when it came to marketing!

Her website was horrible.  It lacked even basic Search Engine Optimisation, the copy writing (wording) was shockingly poor and the site looked really ‘cheap!’

The site was littered with marketing buzz-words, and as you would expect, there were the obligatory links to various affiliate marketing programs promising to make you RICH RICH RICH!!

Bad marketing advice can kill a small business!

We live in an age where anyone can set up a website or blog and claim to be an expert on anything!  That’s why, as a respected name in marketing, I decided to start a website a couple of years ago – www.jimconnolly.com – that just GIVES AWAY FREE MARKETING information to anyone who wants it. No, you don’t even have to subscribe to anything or register – it’s ‘just there’ for you to read, listen to and enjoy the results!

Small businesses and those just starting out, rely heavily on free advice.  I wanted to make sure there was a 100% free, reliable marketing resource for them, which they could use to massively improve their sales results. Because I base all the marketing information at jimconnolly.com on ideas I have used to generate millions in sales for clients and myself, people know they can trust the advice there.  Of course, it’s also the reason I launched this marketing blog!

Jim who? – Never heard of you!

If you don’t already know who I am, I have been a marketing professional for over 20 years and I have run my own successful, international marketing business for the past 13 years.  I have generated many, many millions of pounds and dollars worth of sales and my marketing material now reaches millions of people each year, spanning over 70 countries.  My newsletter is read by thousands of people on every continent and my audio programs are used all over the world.  I have also contributed to programming on The BBC, ITV and Channel 4 in the UK and CBS and CNN in North America.

I hope you find this blog useful. I am adding new material all the time and I encourage you to leave a comment and share your thoughts with other readers. Please feel free to share this blog with your friends, using the buttons below!