intangible value
202 posts
The Key To A Great Product Story
As an entrepreneur or business leader, you will inevitably be asked how your product or service is different from your competitor’s. Often this question comes from someone who isn’t even a potential customer (but that’s another story). Our fallback position is to lead with features and benefits. We
Uncommon And Unmistakable
A colleague in the university sector was attending a marketing event. The presenter’s first slide showed a university’s promotional materials—complete with the typical ‘DREAM LARGE’ and ‘DESIGN THE FUTURE’ type tagline. He then polled the audience, asking if they knew which university it was. A ten
What Are You Here To Do?
When Deborah Thomas, newly minted CEO of Ardent Leisure, was asked if she knew how to operate a roller coaster, she probably gave an inward sigh along with her considered response. “I’m not here to operate the roller coaster; I’m here to make sure that people queue up and want to spend their money t
The Purpose Of Clever Packaging
If you love chocolate as much as I do you’ve probably heard about the Mast Brothers scandal. The artisan chocolate makers are accused of not being completely transparent about their process when they launched in 2007 and of pulling the wool over customers eyes with “clever packaging”. Transparency a
The Power Of Posture
How is it that we can go into the same cafe two days running, order the same drink, pay the same price and yet leave feeling entirely different about the experience depending on the interaction we have with the person who is serving? Just as it’s possible for one yogi to hold a more graceful…
7 Steps To Becoming A More Strategic Marketer
As marketers we spend much of our time and energy on tactics. We agonise over the creation of lead magnets, spend countless hours honing sales pages and perfecting social media promotions. How To Become A More Strategic Marketer 1. Take a long-term view of your business, one that doesn’t require you
The Power Of Customer Context
There’s a tiny hole-in-the-wall florist in the heart of the city, close to big office buildings and the cafes where people meet for breakfast and lunch. If it were an ordinary florist it would be the kind of place people would walk past on their way to somewhere else. The neighbouring florist’s made
How To Optimise For Customer Delight
“You’re here for the Valium?” blurted the dental receptionist as they arrived. The young man looked blankly at her and then at his mother. He was about to have three wisdom teeth removed under local anaesthetic. He had arrived early to be prepared for the procedure and dutifully took the 20mg of Val
The Three Marketing Superpowers—Judgement, Empathy And Timing
Just two days before Christmas while every other retailer was happily dealing with long lines, the outdoor clothing and travel equipment store was empty. Not a customer in sight. They should have been doing a brisk trade in torches, camping accessories and stocking fillers, yet the assistants had pl
Double Your Business
Greg opened his diary and booked the new client in. It was a small electrical job, hardly worth going out of his way for the call out fee of $120—the kind of job that most of his competitors wouldn’t have dreamed of booking this close to Christmas when everyone wanted everything yesterday. He turned
Where’s Your Magic?
The long Sunday morning croissant line at Lune moves slowly and never gets any shorter. Not a single person in the queue complains or shoots a frustrated glance at the time that is clearly slipping by. The servers work slowly, carefully boxing each pastry as if it were made of porcelain. All the whi
Good To Do Vs. Right To Do
The brand new billboard spanned the four lanes of the freeway that led to the airport. The location was obviously a strategic move, given that the company being advertised was in the travel business. The gorgeous image of a lone traveller in the wilderness had likely been painstakingly chosen by the
First Impressions Vs. Lasting Impact
“What’s that new cafe like?” asked a business colleague from out of town. His question got me thinking about how much a negative response from a single customer could cost a business. What’s the lasting impact of a one bad experience? We can invest time and energy and money into the things we believ
The Simplest Way To Add Value
We just moved house. You can probably empathise—so many logistics to arrange and tiny details to keep in your head, no matter how much help you have. By 3pm on moving day we had Internet (no mean feat). At about 9pm we realised there was no hot water. Too late to contact anyone of course,…
The Downside Of Buying Attention
Some of the most sad and frustrated emails I get are from business owners who have invested money to get people to visit their websites. Often they have paid for search engine optimisation or Google AdWords and waited for the traffic to come—which is does, it just doesn’t always convert or deliver t
Context And The Value Story
How much is nail polish removal worth? It all depends on the circumstances in which it’s executed. Use a tissue and liquid remover at home and we’re talking a cent or two. Individually wrapped polish removal wipes for use on the go, cost as much as $1 each and a trip to the nail salon…
Who Is This Not For?
When we spend time thinking about growing our businesses we tend to focus on our ideal customers—the people we know we want to matter to. A great way to get really specific about who you are creating your products and services for is to think about who they are not for. The temptation in the…
The Generous Marketer
Implements long-term strategies, rather than relying on short-term tactics. Puts the desires of the customer before the urgency of his business goals. Knows that mattering to his customers is the key to success. Cares about affinity, more than awareness. Notices, before asking to be noticed. Listens
A Brand Of Magic
The chairs were out of stock. A delivery was expected some time in December, it might clear customs by January. The sales assistant described the import logistics and company policy. She detailed the 55% deposit terms on all orders placed and made sure to add her name to the written quotation the cu
In Praise Of Intangible Value
What did they do to create value? Design a new portable music player or give you 1,000 songs in your pocket? Serve coffee at $4 a cup or become ‘the third place’? Create a platform where people can rent a room or make them feel like they belong anywhere? Start a photo printing service or…
