Archive for September, 2009

I am highly in need of both name and slogan for new company to be established with the following details:

  • Specialization: The company will manage and operate various sister businesses and services. For example it will own and operate airlines, shuttles, taxis, hospitals, schools, universities, hotels, hostels, mobile communication, cafes, technologies, etc. Hence, is like very general company name. God has given me enough money to start it
  • Location: The head office will be in Tanzania, but will operate through out Africa and beyond
  • Nature of name: very short and brief, easy to memorize. If possible only 2-3 vowels rhyme
  • Slogan: the best

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Jay’s Answer:

  • Heart Of Africa Services
  • Hub Of Africa Services
  • United Africa
  • 1 Africa

I am creating an eNewsletter for a resort targeting the corporate retreat business. With this economy they would like to focus on Value. But also focus on the fact that the company will gain actionable results from the off site retreat.

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Jay’s Answer: You need a reason for people to choose to have their meetings at your site, not just off-site.

If they’ve been to your resort before, tell them how other business owners have benefited from your business services (testimonials). I’m sure you have great food, beautiful rooms, and an attentive staff — and so does your competition. What does your resort offer that they can’t get (easily) in your area?

Consider making your e-newsletter tip-based, for example: http://www.allbusiness.com/human-resources/employee-development-leadership/11139-1.html

Position yourself not just as a host, but also a facilitator of effective/memorable meetings.

I am living in japan, sapporo. and now I am trying to start my own business. I am going to start a scrap-booking class in this year. I studied youth marketing in my college, but I don’t what I have to do first.

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Jay’s Answer: Start by thinking of your ideal class. How many people are in it? What ages? What gender? Why are they attending it? Why did they pick your class (instead of any of your competitors’)?

Next, see if your idea is of interest to your “ideal class”. Start talking to the types of people you identified and ask them about scrap-booking. Would they pay to take a class (how much)? Have they tried it before? Are they members of club or group? This will give you some idea if your ideal class is interested in you.

The “members of a club or group” questions will help you further find these ideal class members. Contact these clubs/groups and offer a special class just for their membership. Since you’re starting out, consider making it a fundraiser for the group (splitting the profits) in exchange for them helping you with the advertising.

I own a small independent bookstore named Fiction Addiction. We carry new & used books for kids & adults, including fiction & some nonfiction. We have paperbacks, hardcovers, and some gift items. I love the name of my store even though it doesn’t quite convey everything we offer and so I’m looking for a tagline that will either help fill in the blanks a bit or something very catchy that emphasizes the importance of shopping locally.

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Jay’s Answer:

  • We’ve Got 10,0000 Cures!
  • The Community Reading/Gathering Place
  • Shop Locally. Read Globally.

We have a beautiful new health club in a community of approximately 500,000. It is an upscale club, but not too pricey. Our climate offers extended outdoor activities. Any suggestions to encourage new members to join before winter sets in?

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Jay’s Answer: Have a (series of) open houses – where people can experience your club w/o pressure.

Donate some memberships to needy families in your area – or even have an essay contest for free memberships. Both can generate some great PR, but will take time to get the word out.

Adopt-a-family for the holidays. For every N people that join, you’ll donate 1 membership to a family in need. This could be a great co-promotional activity with a service organization in your area.

Also – join now for free, and only start paying after Jan 1. That will give the taster and build your numbers quickly.

Buy Influence: Science and PracticeRobert Cialdini’s book is all about “click, whirr” – how we’re programmed as humans, how marketing can leverage the programming, and how as individuals we can overcome the programming. The six major influence techniques that he explains are:

1. Reciprocation: We feel indebted to people who gives us something of value. For example, when someone gives us a sample of a product to taste, we often feel that we need to stop and converse with the attendant. Salespeople know that giving something of small value can trigger higher value purchases to alleviate the imbalance (“I owe you”). A sophisticated version of this is to make a large request of a prospective buyer, with the intention of having the request be rejected. The real goal is the second “fall-back” request, which seems reasonable in contrast.

2. Commitment and Consistency: Once we make a decision (or promise), our subsequent actions maintain the sense of commitment. We don’t want to appear to be wishy-washy. We also don’t want to have to rethink the decision each time – better to be consistently wrong than overwhelmed with research. Salespeople’s goal is to get you to commit to a belief, then create arguments why you should then purchase from them based on your belief system. This psychological one-two punch is used in everything from testimonials (by going on the record, you have a vested interest in being consistent) to hazing rituals.

3. Social Proof: As social beings, we 0ften feel that the more people that like (or do) something, the better it is (whether this be a fad or canned laughter). We tend to trust the pack mentality because we’re busy (if others pre-chose, then we don’t have to think — it must be good) and we’re trusting (other people that are smarter, better-looking, etc. chose it so we’re better off being part of the “in” group than not).

4. Liking: We all want to be liked, so when a salesperson likes you (even if you know they’re just saying it), some part of us feels good. If the salesperson is well-dressed, well-groomed, and similar to us (in mannerisms) we want to believe them (all things being equal) and want to be liked by them.

5. Authority: We’re not just social beings, but we’re naturally hierarchical. We’re used to following an authority figure (who a group of people have endowed with special trustworthy qualities). A person who looks like they’re in authority (by dress, mannerisms, professional title, social standing, etc.) we naturally follow the advice of (even if they are advising something they’re not the authorities of).

6. Scarcity: This is tied to social proof – if there’s not a lot of something (whether real or imagined), then it’s perceived value is higher (we have a fear of missing out on the opportunity). This is also true in the converse – if you ban something, you increase its desirability.

Consulting for Christmas...
Photo by makelessnoise

You’ve studied your target market (in general) and know the typical problems your prospective customers are facing. You assume that each prospect that’s looking at your marketing message fits that profile (on average) and talk to them appropriately. It’s the keystone of a marketing strategy. In your sales pitch you’re telling people: what your business is offering, why the offering is great, why your company is great, why the price is great, why the competition isn’t, why you should buy it today, what happens if you don’t buy it today, how to beat your competition, the ROI of using it, testimonials of people raving about your business, guarantees of performance, etc. Selling requires you to already understand what your prospect needs.

But what if you don’t know exactly what your prospect needs? You could continue your sales monologue, or you could ask them what they need (and why). You’re now in the process of consulting, not selling. You need to understand each of your potential customers individually to customize your offer to them. You may very well also send them your sales information (later), but first you need to listen to them and show that you’ve listened. Once you’ve engaged your potential customers in a dialogue, you’re much more likely to create a sale. And if not, you have more information about why your consulting strategy did not translate into a sales strategy.

If you don’t have the resources to consult with every prospect don’t assume that you truly understand why someone does (or does not) buy from you.

Driving Your business...
Photo by Kyle May

When you first learned to drive a car (or bicycle), you probably looked at the road immediately in front of you. You were looking for potholes, the edges of the road, and other obstacles/hazards that you were heading for. You were focused 10% on the distant road and 90% on the near road. Your driving was probably a bit overreactive – jerking the wheel or quickly hitting the brakes to avoid something. As your confidence and skills improved, you no doubt learned to scan the road (not just ahead, but surrounding you) and to anticipate problems. You focus shifted to 80% of the distant road and 20% to the near road.

The difference in your driving perspective applies to your business perspective as well. The difference between a small/startup business and a big/established business is planning strategy (and yes, resources as well). A new business is mostly focusing on their near-term issues (because the fear is: “if you don’t focus on near-term, you won’t have a long-term”). Long-term issues is a luxury they can’t imagine. As a result, small business mentality involves a lot of sudden stops and starts. Surprised consequences. And white-knuckled driving.

An established (big) business understands the need to be aware of the current market situation, but trusts that they can safely navigate through short-term problems. The bigger success is achieved by focusing on the long-term goals. Anticipating problems. Creating opportunities.

If you want to keep driving yourself crazy, keep focusing on short-term issues. If you want to drive like a professional, devote more resources on your long-term goals.