intangible value
202 posts
A Stop Start Guide To (Business) Success
Stop worrying about how to get attention. Start paying attention. Stop obsessing about creating awareness. Start being more aware. Stop making people want things. Start making things people want. Stop analysing the data. Start seeing the people it represents. Stop trying to be more interesting. Star
Progress And Potential
Nobody knows who invented the button five thousand years ago. At first, buttons were simply used to adorn clothing. It wasn’t until the invention of the buttonhole three thousand years later that buttons became functional. It took us two thousand years to reimagine what the button could do. And in t
Extraordinary Is…
In a digital world, extraordinary is Human. Presence. Care taken. Handcrafted. Eye contact. Face-to-face. Heart-to-heart. The intangibles. Genuine interest. A timely response. That feeling of belonging. Thanking someone in person. Executing on the small details. A handwritten note inside the package
Not Just Anyone
Most often, the goal of our marketing is to be found. That goal dictates our marketing strategy. If you’re trying to be found, you’ll seek out opportunities to interrupt everyone, anywhere. But there is an alternative. What would it take for you to be the brand people intentionally chose? How could
Profit And…
My mother started working over sixty years ago. As the tenth child of a widow, with nothing more than a basic education she had very few choices. She could be a seamstress or a replaceable cog on the assembly line at one of any number of factories. Sadly the factory jobs won because those jobs…
Attention Is A Byproduct Of Affinity.
The truest words ever spoken about storytelling were those of one of the greatest storytellers of our generation. J.K. Rowling once said—’No story lives unless someone wants to listen.’ As people who are anxious to change the world, what we try to do is make people listen. But there’s another equall
From Average To Exceptional
The menu at Fumi’s restaurant is identical to every other sushi restaurant in town. The ingredients come from the same fish market, and the prices are similar. On the face of it, there’s nothing to set the restaurants apart and no reason for a diner to favour one over another. The difference is only
Who Exactly Is It For?
Alec has been on the road since 4 am. He’s picked up three fares all morning. The arrival of Uber has hit him and other Melbourne taxi drivers hard. According to Alec, the taxi industry has seen a 40% decline. He says he earned as much twenty years ago as he does today. He complains…
In Praise Of Intangibles
Think about all the things you didn’t charge your customers for today, those things that don’t appear as line items in your budget. The care with which you choose ingredients. The way you treat your employees. The time you spend listening to a prospective customer’s problems, so you can excel at ant
The Difference Between A Weak Brand And A Strong Brand
The biggest mistake a brand can make is to try being all things to everyone. Weak brands settle for doing what’s easy or obvious. They appeal to the market of everyone, avoid the edges and thus become interchangeable with their competitors. Strong brands know they are this and not that. They intenti
How To Fill The Gap That’s Yours To Fill
No bookstore can stock more books than Amazon. No local clothing designer can launch a new range faster than Zara. No artisan chocolatier can sell chocolate cheaper than Cadbury. If there’s nothing your bigger, faster, cheaper competitors can’t do, how will your business keep up? How will you surviv
Make Fewer Promises
It’s a Saturday night. Jeff, the on-call Planning Enforcement Officer for the local council, is just about to sit down to a takeaway meal and a movie with his wife when his phone rings. Residents close to a new nightclub want him to come and assess the noise levels at the venue. Even before the…
Marketing 101
The queue outside Chinatown’s Golden Gate Bakery extends all the way down the street. More people join as customers are served, so the line never gets shorter. Sometimes people show up hoping to buy the famous egg custard tarts through the front door even when the bakery is closed. Locals know to co
You Can’t Mimic Your Way To Success
The Louvre is the most visited art museum in the world. It welcomes more than seven million visitors each year. Six million of those visitors are there to see the world’s most famous work of art, the Mona Lisa. An estimated 16,000 visitors a day jostle in front of the 77 cm x 53 cm…
Design Your Business For The Outcome You Want
Think about a delighted customer and the ten people she will interact with today. What’s the story you want that customer to share with someone about you, your product or service? How do you want them to describe the change you enabled? What words do you want them to use? How do you want them…
A Simple Way To Think About The Value You Create
When it comes to communicating our value, we begin by describing the features and benefits of what we make, serve or sell. That’s why we often end up with a laundry list of claims that our competitors could make. There is an alternative. Flip this thinking on its head and reflect on what would happe
The Exponential Value Of Being More Human
Everyone was surprised to hear the longer than usual customer service announcement as we were preparing to land in Los Angeles. Many people on board were catching connecting flights to different cities in Australia, and there’s always a little anxiety amongst passengers who are trying to make those
The Two Questions At The Heart Of Great Marketing
The kind of marketing we practice is a result of what we’re most curious to know about our customers. Many marketing campaigns are created by asking the following questions: A. What will they buy? B. How can we get them to buy? The resulting tactics become about near-term targets, buying more attent
A Tale Of Two Managers
My local bank manager, at the branch five minutes walk from my home, works hard to help customers navigate the bank’s new automated systems and services. He’s on hand to show everyone depositing cash how to bypass a teller and make a deposit using the machine in the foyer. The bank manager at the br
The Power Of Scarcity
Demand for anything is always greater when supply is limited. People want what they can’t have, and so scarcity creates value. Scarcity is not just about managing the availability of resources and limiting supply—it can be the foundation of a successful business model. When Howard Schultz expanded S
