Monthly Archives: January 2009

Business With Passion: Jay Harman

Trailer:

Jay Harman, President and CEO, has developed a number of successful companies. As founder and CEO of ERG Australia Ltd, he took the company to a highly successful IPO. ERG went on to become one of Australia’s most successful technology companies. Jay has extensive experience in technology licensing and is the author of numerous patents. His designs have won numerous design awards and his products have been featured on the international television series “Discovery.” Jay is also CEO of PAX Water Technologies and Chief Inventor of PAX Streamline.

Website: PAX Scientific
Phone: (415) 256-9900
Email: info@PAXScientific.com

Business With Passion TV Show Logo

Help For Electricians In A Down Economy?

How can my husband market himself to diversify his business? His new residential business has hit a major low with the bad economy. How can he target new areas? He is a Master Electrician.

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Jay’s Answer: In a word, “specialize”.

Instead of simply being a master electrician, have him focus on a narrow area. For example, home theater systems, burglar alarms, solar panels, etc. People look to hire experts in an area rather than a generalist to solve specific problems. Have him become that expert.

One concern people have in becoming a narrow expert is that they’ll lose the opportunity to work in different non-expert areas. Currently, he’s not getting that work, so it’s not a problem. But when the economy comes back, by being an expert, he can charge more and market better. There’s also no reason he can’t also have a “master electrician” business card, but by starting to focus in a new niche (perhaps with a new business name & website) he can avoid any confusion.

What Are Our Key Performance Indicators (KPIs)?

I am looking for an advice on how to determine the KPIs (key performance indicators) for our marketing intelligence manager ( we have a new hired manager ). What do you think the most appropriate KPIs for such position ?

Secondly, what campaign would you recommend to get lost customers due to bad quality products ? some of our product lines giving us critical problem and has resulted in danger condition (6 months down trending stat). Do we have to redo our USP and the message incl.our sales force sales scripting.

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Jay’s Answer: Your second question is most important. You’ve had bad quality products customers have moved on. Some key questions:

  • How do you know that your new products are indeed improved?
  • How much improved?
  • How much (independent) testing have you done?

If you’re selling a low-ticket item, give it away for free (or at cost) to your lost customers. If it’s a higher-ticket item, you’re asking for your past clients to: 1) trust you again and 2) give up whatever solution they’ve come up with. There’s a cost for this risk. In either event, I’d offer a 100% no-questions-asked return policy. If they don’t like it, then you’ll pay them to switch back to their other solution. So there’s no $ risk for them. If you’re selling software, then you need to protect the possibility of someone making a copy of the software and still returning it.
You don’t need to change your USP, but you do need to change your sales script. You need to stress the “new and improved” (with guarantee) product/service.
Be honest – people understand that companies make mistakes and appreciate transparency in communication.

As far as your Marketing Intelligence Manager, KPIs will vary based on what you want them to achieve. Are you asking them to launch a new project? If so, then have them create a timetable for rollout, and then have milestones be KPIs. If it’s to perform SWOT, then again you’re measuring both time taken and accuracy. You could independently audit their analysis (spot checking information). You could also measure the ROI of their suggestions (and have them estimate the ROI before hand). What you’re really trying to do is figure out if:

  1. They’ll do what they say they will
  2. They product correct research
  3. If their proposals result in actions that produce (significant) revenue.

How Can I Change Tech-Oriented to Marketing-Oriented Sales?

I am working as VP of Marketing and Sales for Manufacturing Company.

My question is What topic and sales tips/ideas on how to change the technical oriented salespeople to marketing oriented salespeople.

Our salespeople are technically educated from engineering faculty and sell our shrimp food to farmers.

The problem with their approach is they focus more on their technical skill and experience in selling the products.And neglect the marketing / sales conversation to close the sale.

My goal is how to talk the business aspect not technical data whereas the customers / prospects are more knowledgeable that even our technical support.

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Jay’s Answer: The simplest thing is to basically ask the prospect, “What information do you need from me and why?” and listen carefully.

Before you can sell anything, you need to know what your potential customer’s mindset is. Are they focused on price, supply, technicalities, competition, quality, customer service, or something else?

The “why” part of the question is to understand their “story”. Have they used the product in the past and had poor results? Are they looking for something new? Do they have a specific problem that they need solved? Are they the decision makers or simply gathering information on behalf of someone else?

Technical people (as a rule) tend to feel more comfortable talking technically. They’re skilled at problem-solving and details. To sell well you need to talk in the language of the customer and from their perspective. So, give your technical people a problem to solve: Find out what it would take to sell the product.

For your workshop/training, you don’t want to try to make the technical people into sales people – that might cause a lot of internal friction. Instead, role play. Create a simple scenario to sell your product (you can have tech people play both roles: the client and the salesperson). Give the “client” a goal (who they are and why they want to buy it). The salesperson needs to find out these things (ideally without asking directly) and then sells accordingly. After each “scene”, critique it. First, have the actors tell their perspective on the conversation, then have the observers critique it. Changing the perspective of conversation and language is simply one of practice. Make the selling process more familiar and less unpleasant. What will naturally happen is that the actors will ask for more information to do a better job – and here’s where you can provide some simple resources for them. For example: You Can’t Teach a Kid…

Alternatively, hire a consultant that would craft a workshop to help train your technical people.

Name + Tagline For Professional Development Training Series?

We are trying to implement a professional and personal development training program/series at our company focusing on ways to enhance professionalism, presence, communication style, presentation skills, confidence and credibility, when networking and when with clients; just to name a few. We want to draw attention as to how this will benefit the person’s development and generate excitement to be apart of this program. For example, “It’s all about me (me=employee)” kind of thinking as by default the skills developed will help the company overall. Our staff is primarily Gen X/Gen Y and maybe 30% Baby Boomers. We are looking for a name for the overall program and an associated tagline.

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Jay’s Answer:
Names:

  • Executive Education
  • Executive Privilege
  • EmployAbility

Taglines:

  • Tips For Boosting Your Business Savvy
  • Your Business Skills Toolkit

Branding a University Pharmacy?

I recently joined the staff at a mid-sized University. My position is the Coordinator of Managed Care Pharmacy Services- I oversee two outpatient pharmacies and employee prescription benefit for 13, 000 covered lives.

I need to create an image- the main campus University just merged with the Medical center and I have two outpatient pharmacies to merge together and get acceptance and incentivize our employees to use our pharmacy

Medical Center Campus- very professional accepting of employee benefits
Main campus- union oriented- not so accepting of employee benefits but moving towards starting to like us.

Two challenges

  1. Need for a look and feel for our two pharmacies
  2. Need to name our employee pharmacy benefit newsletter. Here are the names we have so far:
  • Medifacts
  • Benefacts
  • RX Benefacts
  • Tablet Tabloid – I think cheesy?
  • RX Review

How do I get focused for a look, theme and newsletter name?

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Jay’s Answer: Before a new look & feel, I’d suggest focusing on the key unique benefits your pharmacy provides. The good news is that you already know who your target market is and your competition. To get people to shop your pharmacies, you need to focus on your benefits, whether they be: guaranteed low price, fast service, convenience, hours, range of in-stock medications, etc. Can you go the extra distance and offer an on-campus delivery service? This would be ideal for the busy employee – they can renew their prescription and you can deliver it (and have them sign for it for security’s sake).

The union-oriented “friction” that you’re perceiving can best be handled from the top. Meet with the union leaders on campus, and find out what their issues/needs are. Then meet them. That’ll provide great referral business from the leadership.

For naming, you need to again focus on the key benefit you’re hoping to convey. For example, if you’re focusing on location: Pharm Convenience. Your existing names are pretty generic, and don’t convey the benefit (other than mentioning Rx or Pharm).

Tagline Ideas For A Communications Company?

I am currently looking at other alternatives to market my communications business. I am in the process of putting together a flyer but am having trouble deciding on a tag line to catch peoples attention and get them to keep reading.

We specialise in IP phone systems, networking multiple sites together using IP technology, implementing telephony solutions to small and medium sized businesses.

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Jay’s Answer: Focus on the key benefits your business provides (not the technology). For example, do you save companies money (if so, how much on average)? Do you make technology trouble-free (if so, how much less time do they spend troubleshooting)? Do you save the need for an IT hire (if so, how much on average salary is saved)? You get the idea – focus on how what you do helps their bottom line – that’s what people care about.

What Look For My Website Will Attract People?

I am working on a web site for my Positive Motivation speaking… Positively Female
I have found a couple sites I like but want something very flashy, feminine, upbeat, colorful, and of course motivational. If you have seen some really awesome websites, please share them with me. I am looking for something personal without a corporate feel.

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Jay’s Answer: The best websites are the ones that both reflect your values and successfully attract traffic (and ideally sales/conversions).

Top traffic doesn’t arrive because of the look of the site, it comes because of the content of the site. Therefore, first focus on the value of the browsing experience. Who should find your site? Why would they want to hire you? What problems would they have? What would they need to feel comfortable hiring you? How can you show them what you can do for them without them contacting you?

Once you get your copy, then focus on your image. The images/colors/layout should reflect your target market. Corporate sites tend to look very different from micro-business’. I wouldn’t go with “flashy” or “over the top” unless your target market responds well to it.

Given you’re starting up, don’t spend a lot of $ on a flashy website until you’ve clearly done your marketing strategy homework.

How Can I Attract Office Building Residents?

I am the marketing manager of two branches of a financial institution. One branch is located inside of an office building where there are 2,500 people. We are high on a hill away from any restaurant, bank, store, etc. You have to get into your car to go anywhere. We are tenants of this building. There are 1-3 employees in the branch. We have been associated with the company for a long time – although our personnel has changed.

I am having difficulty reaching this audience as I am not allowed to be in the company’s newsletter, advertise outside of my area, (including the cafeteria), or have access to email accounts, unless requested.

I have glass entrance doors in which I put large posters, have had some raffles to draw people, but I am uncertain how else to reach this audience. If they read the local paper or listen to the radio – they will hear our ads – or if they visit our website in which many have online accounts with us…

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Jay’s Answer: Let’s assume that most of the people have seen your signs, but still haven’t come in. This indicates to me that you haven’t given them a compelling reason to talk to you.

You have a number of options: change your copy to be more clearly benefit-oriented, change your copy to be more interesting (for example, tell an amazing story, a mini-chapter-a-day with your sign. The story would be financially oriented, but something that gets people to want to read the next “chapter” as soon as they arrive that day. Keep previous chapters on your website to allow people to get up-to-date. If done well, it’ll create buzz. The last day, offer to have the main story person give a talk on the subject, story, etc.), or conduct a survey (to find out what people need)(instead of talking to them, simply provide bowls of candy under signs indicating their financial problem, and people vote by taking the candy).

A Tagline For Springhill Suites By Marriott Hotel?

I am the Director of Sales for the newly opening SpringHill Suites by Marriott. We are next door to a large international airport. SpringHill Suites is an all Suite Hotel run by the Marriott Corporation. We are upscale and looking to attract the business traveler. I need to come up with a tagline to go out and promote our new hotel. So far all I can think of is “Spring into the SpringHill Suites.” I would really appreciate any other ideas or thoughts as I am rather new at this.

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Jay’s Answer:

  • Make Your Business Trip Suite-r
  • Suite-n Your Business Travel Experience
  • Room To Think And Relax
  • Our Rooms Are Bigger Than Your Cubicle