Big Ideas Archives

insanityYou know the definition of insanity, right? “Doing the same old thing and expecting different results.”

So why do so many companies keep doing the same old thing, and expect anything different? It’s insanity.

If you’d like to break out of the same old routine, and produce some real results you need to try something new.

Here are 12 great marketing ideas you can try in the coming months to achieve better results.

12 Cost-effective Marketing Ideas you can implement to Achieve Better Results

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You want better results? Try something new!

I Hate BroccoliEveryone says they want better results.

So why aren’t companies more adventurous when it comes to trying new things?

It’s the “I hate brocolli” syndrome of marketing and business.

If you ask the average CEO, “What’s the rationale for the way you’re currently marketing your services?”  Many say: “It’s what we’ve always done.”

The sad truth is that many companies are engaging in the same old tried marketing tactics rooted in strategies that were developed eons ago (a.k.a. 2007).  They’re wasting money on tactics that are not rooted in any real, current strategy – or based on the realities of today’s marketplace.

How to get higher response rates and higher conversions

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How to Integrate Blogging and Social Media

ist2_5159223-dollar-in-shopping-cart-business-success-conceptBlogging and Social Media Sitting in a Tree: K.I.S.S.I.N.G.

What is the purpose behind Blogging? It’s not to show how smart or cute you are. If it’s going to be a part of an effective business strategy, you need to provide value, to show people the way, and establish yourself as a thought leader.

What is the purpose behind Social Media? It’s to connect with People: Friends, Associates, Affiliates, Prospects, Customers, and let them know what you’re up to. If you are using social media, you get to build your own channel, and you are literally the Editorial Board, Editor in Chief, Writer/Anchor, and Ombudsman all in one person.

What’s the purpose behind integrating your Blogging and your Social Media? Quite simply, it’s a radical new opportunity to put yourself “out there” in front of your clients and prospects, to help them solve problems,and position yourself as a potential solution provider, so that when they have an itch they’ll remember that you provide the scratch.

How to Integrate Blogging and Social Media: In 8 Simple Steps

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The “Real-time Web” and What It Means for You

main_bell

Why is everyone talking about “Inbound Marketing?” Who cares about the “Real-time Web?”

Several years ago when Google modified its Pagerank Algorithm, and started factoring in how other influential websites link to yours,  few people really could imagine the explosion of social media engines like Linked-in, Facebook, and Twitter. Your search engine visibility is determined not only by the quality of the content on your website, but by who is linking to you.

Just recently, Google has launched the real-time web. Now more than ever there is an extraordinary opportunity for small businesses to carve out a niche in their social media marketplaces — effectively creating their own channel to communicate with their customers and prospects.

In an article in Huffpost by Manish Mehta, the Vice President, Social Media and Community at Dell Inc. (who can attribute $7 million in sales to Twitter for doing nothing at all!),  Mehta affirms “Social media isn’t a means to further a corporation’s strategy, it’s a means to help determine it.”

Sometimes pictures (or mindmaps) are better than words, so I’ve created a Mindmap that illustrates a general Inbound Marketing/Social Media Strategy.

Inbound Marketing / Social Media Strategy Cashmap for Small Businesses

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How to Build a Sustainable Competitive Advantage

castle-moat

When Warren Buffet speaks, people listen.

Recently I happened to catch Warren Buffet on TV talking about how leaders should set business priorities.

Buffet was saying that you should run your business like it’s a family business–one that you are going to hold onto for 100 years, and the #1 thing you should think about is how to build a sustainable competitive advantage, like building “like a moat around your castle.”

If you look back to medieval times, moats were excavated around castles as part of the defensive system–an obstacle immediately outside the walls–and usually they were filled with water.

A good moat made it difficult for your enemy to access your walls with siege weapons, such as towers and battering rams, which needed to be brought up against a wall to work effectively. A water-filled moat made it impossible for your enemy to dig tunnels under your fortifications in order to effect a collapse of the defenses. A good moat protected your castle and everything in it.

The wider your moat, the longer you can protect your profits. The deeper your moat, the more profitable you are.

“Understanding your customers” is key to building a good moat

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b2b_logo

Marketers the world over, with much greater resources than you or I, have worked relentlessly, and have spent millions and millions of dollars, so that their products and services can be seen and heard in an overcrowded marketplace.

So how is a small business with limited resources supposed to compete with companies that have much greater resources and greater budget?

The secret is positioning: “It’s not what you do to your product, or how you market it, it’s how you position your product in your customer’s mind.”

Don’t bet the farm on changing someone’s mind

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What “Lean Marketing” Means to Me

It’s Direct Marketing the way it’s meant to be practiced.

Many companies practice Direct Marketing without taking the time to measure and report the results… they enjoy the results, but they don’t try to figure out how they could do better.

Like Direct Marketing, Lean Marketing is targeted, personalized, measurable, but most importantly, it’s improveable.

As consumers, We’ve all seen successful examples of Direct Marketing. You go to your mailbox, open your mail, and there’s a letter that stands out — it comes from a real person directly to you with an offer designed to delight you and make you want to respond.

As marketers, if you use Direct Marketing regularly, you know that for every $1.00 you spend you can get $20 back, or $24.00, or whatever. Predictable return on investment helps you with your budgeting, your cash management, and your profitability.

Quality Marketing

Lean Marketing is Direct Marketing with a commitment towards improvement, it’s Quality Management or Continual Improvement applied to Marketing, which can be illustrated by the PDCA Cycle that was popularized by Edward Deming, who is widely recognized as the forefather of improving design (and thus service), product quality, testing, and sales.

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How the 4-way Test saved Club Aluminum

If you apply this test in your professional and personal life, you will be very successful. ~ My grandfather Charles J. Proctor, Rotarian (in his office at the Travelier Motel in Columbia, Mo, to me when I was 10)

Rotary International

Rotary International

Herbert J. Taylor (April 18, 1893 – May 1, 1978) was the creator of the “4-Way Test of the Things We Think, Say or Do” (see below). He wrote this 24-word statement of business ethics in twenty minutes as he set out to save the Club Aluminum Products distribution company from bankruptcy.

Founded in 1923, Club Aluminum Cookware was sold by door-to-door salesmen until the Great Depression made this method of sales too costly. In 1932, it teetered on the verge of bankruptcy. The then-Vice President of Jewel Tea Company, Herbert J. Taylor, was asked come and help out in the hopes of avoiding insolvency. After he settled the law suits pending against the company, Taylor concluded that Club Aluminum was $400,000 in debt with no chance that existing sales could service even the short-term debt. He was advised to file for bankruptcy. Jewel Tea had concluded that the situation was hopeless and asked Taylor to return full-time.

Instead, Taylor left his $33,000 salary at Jewel and became President of Club Aluminum, with a salary of $6,000. And, using his Jewel stock as collateral, he purchased the controlling interest in the Club Aluminum for $6,100. When Taylor took over the situation was so desperate. In developing his plan of action, his first priority was to change the ethical climate in the company. “If the people who worked for Club Aluminum were to think right, I knew they would do right,” he affirmed. ”What we needed was a simple, easily remembered guide to right conduct – a sort of ethical yardstick- which all of us in the company could memorize and apply to what we thought, said and did.”

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You have what it takes

You have what it takes

Yes, you do… if you’ll just get over yourself and do what it takes.

From my experience, 99% of people have everything they need to succeed.  The only thing holding them back is… themselves. 

It’s all about actions…. creating a presence, promoting yourself, finding someone who has a need, showing them you can fulfill the need, confirming that they understand you can fulfill the need for the price you’re proposing, creating a formal  proposal and closing the deal.

Yes, it’s important to have a website, business cards, and a cell phone… that’s it.

The Cowardly Lion already had courage

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Mommy Fuel: Giving and Living with Intention

Living with Intention

Living with Intention

You are what your deepest desire is.
As your desire is, so is your intention.
As your intention is, so is your will.
As your will is, so is your deed.
As your deed is, so is your destiny.”
 ~ Upanishads

For an ambitious blogger and hard-charging entrepreneur, a goal of a million clicks a month begins with the proverbial first post.

My wife has launched her new Mommy Blog called Mommy Fuel. While there are a plethora of Mom Blogs out there, her “unique angle” is to create a place where Moms can reconnect with who they are,  with what they are called to be, with their ultimate purpose, and to ”live and give with intention”. 

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