Posts Tagged ‘brand differentiation’
5 Questions To Consider Before Spending Your Marketing Budget
A colleague recently asked my advice about a five-figure advertising spend he was contemplating. Should he or shouldn’t he? We mapped out the risks vs. the rewards and also discussed alternatives. It turned out that he needed to ask a different set of questions entirely. 5 Questions To Ask Before Allocating Marketing Resources 1. What’s…
Read MoreThe Powerful Sales Question We Forget To Ask
It was a busy Saturday morning in the department store. Lucy, the kitchen appliance sales assistant didn’t have a lot of time on her hands. She needed to work as efficiently as possible while ensuring that customers felt seen and heard. Lucy’s first customer was shopping for an electric blender. Like many customers, she felt…
Read MoreThe Three Steps To Articulating Value
It’s tempting to begin with product and service descriptions when you are communicating the value your business creates. Of course, it’s easier to start with what we know for sure. We list features, benefits and specifications—telling the customer as much as we can about ‘the what’. And all the while we’re doing it backwards. Intead…
Read MoreOptimising For Customer Delight And The Peak-End Rule
Jody and Jim (not their real names) run a small web design studio. Their initial pricing strategy was to keep base prices low, putting time caps on every deliverable during the website design and build. New clients were informed about this policy up front. Things like design time and content population were included in the…
Read MoreThe Importance Of Happy Endings
When we’re serving customers we tend to front-load our effort. Hotel reception staff are well-versed in making a great impression when the guest checks in. Good waiters quickly seat new diners and take orders promptly. Retailers station greeters at the store entrance to welcome and orient new customers. The same is also true for marketing.…
Read MoreThe Facts Are Overrated
Since the new Model 3 Tesla was unveiled just over two weeks ago 400,000 people (who have never test driven or sat in one) have paid $1000 to place an order. And while the price of this latest model makes it accessible to more people it’s clearly not what’s driving these organic sales. Think about…
Read MoreYour Story Drives Behaviour
Jackie is a gifted web designer. Her inbox is full of enquiries from people who want to work with her. She loves what she does, but she gets worn down by clients asking for a discount on her already reasonable rates. This behaviour not only affects Jackie’s bottom line and the number of clients she…
Read MoreThe Power Of Promises
“You’ll have it by Friday.” “I’ll call you tomorrow.” “We’ll be there by 3pm.” How many times have promises like these been made to you in the past few weeks, only to be casually broken and replaced by a fresh set soon after? Doing what you say you’ll do is the fastest route to building…
Read MoreGrow Your Business By Watching What People Do
I once walked the length for Bourke Street behind a young man in a hurry heading towards Southern Cross Station. His backpack was slung over one shoulder and a designer shopping bag in the other hand bumped his knee as he walked revealing the Christian Louboutin logo. When we both stopped at the lights I…
Read MoreWhat Do Your Customers Really Want?
There’s an Italian Cafe in our neighbourhood serving good coffee and speciality cakes. It’s jam-packed every single evening—not because people are hungry for cake, but because they are hungry for the feeling of being connected. They seek out the place that makes them feel that way. Howard Schultz recognised the power of people’s aspirations thirty…
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