Posts Tagged ‘intangible value’
The 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 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 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…
Read MoreThe Importance Of A Responsive Business Mindset
The beauty salon owner has a limited number of available appointments. Every day she encounters the same problem—zero availability and several last minute cancellations or no-shows. This situation is frustrating and it’s losing her money. She thinks she might solve the problem by implementing a cancellation fee, charging clients who cancel within 24 hours of…
Read MoreMost Brand Stories
Most brand stories… Start with what the marketer needs to say, not with what the customer wants to hear. Describe product features and benefits, instead of customer problems and desired outcomes. Prioritise conversion above emotional connection. Seek to build brand awareness rather than create brand affinity. Invite customers to pay attention while companies ignore opportunities…
Read MoreThe Sustainable Marketing Strategy
The fast food restaurant’s latest advertising campaign announces the return of it’s famous $1 chips. Of course, the lure of the bargain will bring back people who have forgotten that this brand exists. Foot traffic will increase and revenue along with it—for a little while. The local organic store puts out platters of delicious free…
Read MoreTry And Test
If you are anything like many of the entrepreneurs I know and work with you have a bank of ideas waiting to be executed (or discarded). Most of these ideas (good and bad alike) never see the light of day because they are locked up in a notebook, or an app and they haven’t been…
Read MoreWhen Rational Sales Strategies Don’t Work
A couple of years ago Mrs Jones spent $12,000 to install a hydronic heating system. She hasn’t had the boiler serviced since. She politely refuses when the guy from the service department calls her to arrange an annual service for just $164. He pushes back a little, explaining about voiding the warranty, energy efficiency, safety,…
Read MoreThe Unspoken Problem With Traditional Marketing Campaigns And Product Launches
It’s not unheard of for an entrepreneur or organisation to send 10-20 emails during an online product launch. We all understand that part of the job of our marketing is as McKinsey puts it; “…is to reach consumers at the moments that most influence their decisions.” This is why you have no choice but to…
Read More