What Are The Elements Of A Brand Obituary?

I am supposed to write brand obituaries for 3 brands. Now, what should I include in the brand obituary? Some of the things that come to my mind are:

  • Why did the brand die?
  • What mistakes were made?
  • What opportunities were lost?


What else can I include? Any suggestions?

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  • How would it be remembered (what would customers say it was good at)?
  • How long was the death struggle?
  • An epitaph
  • When was it born?
  • Next of kin? (Subsidiaries, C-level execs, former execs)
  • Products & services offered throughout its history
  • Parents? (Founders)

What Should I Do For My First Trade Show?

I just started a new job in sales at a hotel in Portland, Oregon. I just found out, after being here for 1 week, that I will be doing a B2B trade show (put on by my Chamber of Commerce) in a week and a half. This is my first trade show, ever. I don’t even know where to start! We just opened and the only items with logos I have are simple brochures, a little box of pens and gift bags… What do I do?? Step by step please. I need help with everything from set up to breakdown…

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Will the show be at your hotel or in another facility? If it’s at your hotel, then you’ve got “home court advantage”. Everywhere people look they see your hotel.

The goal of any trade show is to start a conversation. Seldom is money exchanged at the booth. It’s a get-to-know (and get-to-trust-you) experience. You’re listening to what people need and learning how to take care of them. Your goal is to arrange a private meeting with interested parties at a later date. That’s all. Because the people attending your booth will be looking at your offerings from lots of different perspectives: business meetings, conferences, weddings, retreats, and even a visit by the in-laws. Don’t assume you know what they want. They know you’re a hotel, but what makes you a special hotel? Is the thread count of your sheets? The organic soaps? The fresh-baked cookies at the front desk? A concierge who knows all the hot spots? Romantic hide-aways? 100,000sf of meeting space that’s easily configurable? A garden perfect for meetings or weddings?

Show the various aspects of your offerings. When someone visits, ask if they’ve ever visited your hotel. Do they travel frequently? Do they entertain a lot of out-of-town guests (and/or clients)? Listen, and write down details. Make a follow-up appointment.

The booth swag should be tied to the hotel itself. Perhaps a flower (if you have a great garden). Some of your fresh-baked cookies. A mint that you put on the pillow. A stay one night free with first night. A 50% off dining coupon. The sky’s the limit. Just make sure that you make the trade show the start of a great relationship.

How Can I Get High End Department Stores To Carry My Handbags?

I am designing my own line of apparel and bags. How do I get high end department stores to carry my line? I am not sure where to start. What are the procedures and who do I need to contact.? I am brand new to this idea…so please be as specific as possible.

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Make friends with a local high-end store’s buyer. Find out how they choose their goods, when they choose them, where they find them, and manufacturers they enjoy working with. The more background information you get the better the plan you can create.

Test market your products at craft fairs. What is the reaction to your goods? Play with pricing to see what the market will bear. What are people looking for? Is what you’re designing that unique that you can build a brand, or would it be better to license it to another company and let them market it, and you focus on the design.

You Can’t Teach a Kid to Ride a Bike at a Seminar

Buy This Book

Are you having trouble getting people to buy what you are selling? Read this book. Let’s say you already know that to be successful marketing your business you need to identify your audience’s problems and show why you have the best solutions. Isn’t that good enough?

David Sandler (who created the Sandler Sales Institute) offers great insights for improving your sales presentations. His book begins with his five rules of sales success:

  1. Qualify your prospects
  2. Extract your prospect’s “pain”
  3. Verify that the prospect has money
  4. Be sure the prospect is a decision maker
  5. Match your service or product to the prospect’s “pain”

Rules #1, #2, and #5 are identical to the rules of effective marketing: identifying your market and their challenges (rule #5 might involve a creative packaging of your products or services for the prospect’s needs). Rule #3, while obvious, shouldn’t be skipped. Rule #4 ensures that you’re not wasting your time talking to the wrong people in an organization.

The book continues with a description of the “Sandler Submarine”, a series of selling steps:

  1. Bonding & Rapport. Make the prospect fell more okay than you feel.
  2. Up-front Contracts. Create an agreement to see if you have anything to discuss.
  3. Pain. Find a prospect’s “hurt” and probe how much pain they are in. Show how your business can eliminate the pain.
  4. Budget. Identify their budget, or offer a lower end “entry” solution.
  5. Decision. What is your prospect’s decision-making process? When will they be moving forward? How do you get paid? Who will be involved the the decision-making process?
  6. Fulfillment. Review your prospect’s contract, pain, budget, and decisions. Ensure that your solution solves the prospect’s pain.
  7. Post-Sell. To avoid buyer’s remorse, thank them for the order, bring up a agreed upon compromise, and give them a chance to back out now.

Additionally, he introduces a number of techniques to control the selling conversation, including:

  • Reversing (“That’s an interesting question. Why do you ask?”)
  • Controlling the Interview (“Can we just back up for a moment?”)
  • Stroke-Repeat-Reverse (“I appreciate the fact you’re telling me I’m close, but let me ask you a question”)
  • Negative Reverse (“Could you tell me more specifically just how you see my product solving your problem?”)

Thanks to Bob Annick (707. 343.1722 Business Growth & Development Corporation) for recommending this month’s book.

 

How To Make 2008 Your Best Business Year Ever

2008 Best YearStart your year with specific and measurable business goals. For example: I want to earn $200,000 in 2008. Or, I want my newsletter distribution to double.

Create a plan to achieve your goals. We have all heard about the person/business who was at the right place at the right time and became the “overnight success”. Luck favors the prepared. You do not know what the future will bring – but you can control your reaction to it.

Craft your plan to describe who your market is, what problem they have, the existing solutions to their problem, your solution, why your solution is best (and for who), and why they should trust you. If you already have clients, poll them to find out more about why they use you.

Note: there are two major types of plans: strategic plans and business plans. A strategic plan is focused on creating a clear path for achieving your goals, while a business plan is focused on funding for the goals. Create a strategic plan for yourself, and a business plan when you are seeking outside investors (and you already have a strategic plan).

Test your plan. Which plan is best? The one that produces the results you want. How do you pick that plan? You measure. For example, to increase newsletter sign-ups on your website, try different offers, wordings, font sizes, location of sign-up box, colors, etc. Split test – compare “A” vs. “B”. Pick the one that works. And continue to refine.

Anticipate your results. Imagine you wanted 25 new clients in 2008. Do you have the resources to handle them? At your current rates, can you afford to have these new clients (how much time does acquiring and maintaining a new client take, and what is your time worth)?

Get help with your business. You started your business because of specific skills or products that only you can provide. Focus your time on your specialty. Working on and working in your business are very different skills.


If you are considering a shift in your business direction, contact me. My specialty is creating creative, customized, and effective plans that achieve your business goals.

How Can I Market A Water Purifier?

One of my friends is working as marketing trainee in a company manufacturing water filters. As a trainee, she is working on devising new promotion strategies to promote the brand and giving training to the sales and distributors team. How she should start her work in the field of marketing for a water filter brand (used in households) and what could be other ways to keep distributors happy about the product? Of course, the ultimate aim is to get more sales and give quality to consumer.

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Start with the product itself. Is it a top product compared to its competition? What makes the product unique in the marketplace – size? availability? pore size? independent water tasting results? installation ease?

Next, who are you targeting? Home owners? College students? Day care? Gyms? [you mentioned households, but that’s not specific enough]

Once you’ve positioned the product with the proper marketing message, then share it with the teams. Help them to focus on the message clearly, sharing the benefits, clearly highlighting a comparison between other choices the consumer has. Focus on the key points: taste and safety.

You want the consumer to feel that buying your friend’s product is the obvious choice for their family. The distributors could focus on school PTAs (perhaps having the children sell them as a fund-raiser), health fairs, health clubs, and gyms.

How Can I Get Advertisers And Sponsors For A Website?

I have a fun website that is free for everyone to communicate within the community. I am in need of help on how can I get advertisers and sponsors to be on my website. This is my first time and I need to know what do I do first.

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The key to getting advertisers/sponsors is answering the question, “Why should they pay money to be on your site?”. When you approach a potential advertiser, you’ll want to have such information as the following on hand:

  • How many people are registered?
  • How many are active?
  • How many unique visitors do you get
  • Do you have their email addresses? (i.e., can you contact them?)
  • How much profile information have you compiled (age, sex, location, income, etc.)

The advertiser is going to think, “How much is it worth to have my product/service in front of this group?”. You need to help them to figure out their ROI. They’ll also care about ad placement/size, click-through, viewing stats, competition, etc.

Before you accept an advertiser, you’ll also want to answer, “How much will it help/hurt my site to have this product/service advertised?”. The wrong ad will turn off your hard-won traffic.

How Can I Improve My Real Estate Advertising?

I’m helping a real estate company with their newspaper advertising. They are a small fish in a pond dominated by a large, national real estate company. My client is doing the same old real estate home display ad home listings that the big company is doing, but with mediocre results. I’m considering a campaign that would pull out the home listings and brand them as the smaller, local real estate company that really knows the community (bold headlines supported with 5-10 lines of copy), and then ask the readers to go to their website to see the home listings (i.e. “we have too many listings to fit in this newspaper ad”). I’m new to working with a real estate company on their advertising, and they’re a relatively new company — opinions on if this is too risky to pull their product out of the ads and try something non-traditional to stand out?

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Instead of pulling all-out, change the ads. Instead of a full page, how about a number of 2×2 ads throughout the paper (1 per listing)? Highlight the “small” aspect of the company (we’re small – we give better service – we have to).

I wouldn’t make someone read a printed ad and then go to the website to find a listing. That should happen naturally (if they have the technology and interest). What you really want to happen is for a prospect to call you. Show a home for sale. State what makes the company unique (besides smaller) – Better service? Better connection to the community? Donations to local charities? Lower margins?

The ad has a secondary value – you want to place the name in the mind of someone who’s thinking of listing their home.

Definitely don’t play “me too” in the ads – you’re getting mediocre results right now. Make sure that you’re paying attention to which ads are generating leads. Keep tweaking your ads until you’ve gotten a desirable return on investment.