Posts Tagged ‘competition’
The 12-Word Business Plan
Have you ever struggled to illustrate or articulate how your business or idea creates value? This 12-word framework is the simplest way to do it. Take a look at how we could map Blue Apron’s business plan using the 12-word framework. Blue Apron’s 12-Word Business Plan OPPORTUNITY People want to eat healthy, home cooked meals,…
Read MoreWhat Is A Strategy?
In business, we use words that are designed to help us to better understand, articulate and achieve our objectives. Often those same words end up doing exactly the opposite. ‘Strategy’ is one of those words that can tie us up in knots if we allow it to. Imagine you’re on a riverbank. The place you…
Read MoreTrust Vs. Hype
Malcolm Gladwell announced his new podcast last week. Before the first episode even aired it had jumped to #2 in the iTunes charts, topping long established shows like This American Life. It’s not just Gladwell’s record for writing bestsellers that’s driving people to the podcast. It’s that we trust him to produce nothing but great…
Read MoreThe Instructions We’re Looking For
It was probably Stephen Covey’s ‘7 habits’ that got us addicted to the idea that success had a formula, one that could be pinned down by a number and executed in stages. Now we’re wired to seek it out. The headlines we see in our digital publications are proof. We are tempted by the notion…
Read MoreGetting On Your Customer’s Radar
Many brands believe the biggest challenge they have is creating more brand awareness. If they could only get on the radar of potential customers then many of their problems would disappear. And yet brands like Macy’s and Ralph Lauren that have built awareness for decades are struggling to remain viable. Their biggest problem isn’t getting…
Read MoreHow To Reach Your Customers
Here’s how our customer’s time was spent across the various media platforms in 2015. Print 4% Radio 13% TV 36% Internet 22% Mobile 25% Here’s where we spent our dollars trying to reach them. Print 16% Radio 10% TV 39% Internet 23% Mobile 12% While we’re spending money in places where fewer of our customers…
Read MoreQuiet Success
Success for my parents, was having a fair day’s work to do, for a fair day’s pay. Success was having money left in your pay packet at the end of the week after the bills were paid. Success was having the wherewithal to take care of your family and contribute to your community—often in ways…
Read MoreBeyond The Point Of Sale
Many marketing strategies focus on the point of sale. Most great brand stories focus on what happens before and after the point of sale. We win by considering who the customer is, and helping him to become who he wants to be. This happens by understanding his story beyond the point of sale. Image by…
Read MoreFrom Awareness To Loyalty
The purpose of your brand story and of every piece of marketing material is to move a prospective customer from awareness to loyalty. When we imagine the customer decision journey as a timeline it’s clear that we need to treat customers differently according to where they are on that journey. THE CUSTOMER DECISION JOURNEY 1.…
Read MoreThe Importance Of Customer Cues
Ira’s cafe is tucked away at the bottom of a narrow city centre laneway. Without regulars who live close by Ira’s place is dependent on converting tourists and weekend shoppers into diners. Every neighbouring cafe stations a host in the small doorway waiting for passers-by to make a decision. Ira takes up his post in…
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