Archive for March, 2009

Nooks and crannies for experts

Tuesday, March 31st, 2009

No big surprises from the 2009 Meetings Market Trend Survey from Meetings Media. Everyone is predicting budget and attendance cuts. (Really?) Meetings will shrink and more sessions per day will expand. Corporate buyers are cancelling meetings and associations are asking speakers to reduce – even waive – their fees.

So here’s the good news. There are plenty of nooks and crannies out there for experts with strong content. And what kind of material are buyers looking for now? A “here’s what we do now” perspective mingled with specific hard core how-to’s. Stuff they can’t get on the Internet.

My question to you: how have you changed your content this year? Are buyers asking for a different message?

What’s your story telling about you?

Thursday, March 26th, 2009

Tim Sanders is one of my favorite people.  He’s a great example of a cool person doing cool things for greater good.  I will take the liberty to paraphrase my favorite point from his article in industry mag One+:  we tell little stories every day in conversations, articles and speeches.  To make our personal brands effective, we must tie those stories into an overarching story people will remember.

My question to you:  what story are your stories telling?  Is it the story you want to tell?

How Corporate America uses social media

Tuesday, March 24th, 2009

Attention all you social media experts: you’ve got the “how to promote yourself” down. Your next level is Corporate America. And yes, this tight-fisted lot is investing in how to use social networks for…innovation and best practices. Poster child is Proctor and Gamble’s “InnoCentive” project that connects contract scientists with R&D questions. Buyers’ needs are not limited to the geeks who can help build corporate versions of Facebook. Participation is key, so look for opportunities for teaching tips and tricks to the more “seasoned” generation in the workforce.

My question: in what ways are you taking a trend and using it in a different market?

Small biz sponsors are alive and well

Thursday, March 19th, 2009

Heads up for small business experts: Microsoft’s small business unit believes in the power of sponsorships. They are doing some out-of-the-box thinking over there, such as sponsorship of a virtual race car. If they are doing crazy stuff like that, chances are they will listen to your proposal. The folks with a significant following in small business will have the inside track. Remember, the key is activation…

My question: how are you reaching those “out-of-the-box” buyers with ideas of your own?

Meetings industry fights the feds

Tuesday, March 17th, 2009

Meetings industry is fighting back on the recent U.S. Treasury’s announcement calling for strict business travel policies for executives. Seven industry groups have produced guidelines that increase accountability but also protect the $740 billion travel industry as a whole. Proposal includes a 15 precent cap of sales/marketing budgets go to meetings, events and incentive travel and limiting executive attendance to less than 10 percent. Why speakers care? Any conference costing more than $750,000 requires a written report on the purpose and plan for a positive return-on-investment.

This self-policing is a pre-emptive strike to Congress’s tinkering with travel. A great example of how the perception problem is bigger than the budget cuts. Moral of the story: help with the ROI and you’re golden…

My question to you: what pre-emptive strike are you taking? How are the buyers responding?

The three fatal words in this economy

Thursday, March 12th, 2009

Call on recession-proof niches went really well. (Click here to get the mp3.) The biggest point I ranted: the worst three words in this economy are “wait and see.” If you stop, you’re not going to fix any problem you have now. Your problems will only grow. If you stop, you lose momentum to burst on the scene when spending starts. The key now is to find a niche where your contribution is urgent.

Turbo Charge clients Tim and Suzette Autrey took this strategy and ran with it. After establishing the direction and differentiation, they applied that brand (error reduction) in the narrowest way (power and electricity transmission). Margins are high because they didn’t have to educate these potentials on the ROI of reducing errors. That allowed them to start with smaller projects but get more money in the long run. The result: booming business in a bad economy and seven-figure projections for this year. This is a great example that small holes in the market can be very lucrative. Great job, Tim and Suzette!

My question to you: How are you marketing right now? Broad or narrow? And…how’s that working for you?

An insider’s look at the executive suite

Tuesday, March 10th, 2009

I love the insider’s perspective. One without all the vitriol; a more thoughtful “give it to me straight” style. When I want a finger on the pulse of the executive suite, I go to Joe Nocera’s blog. He comments on all things big business and the comments below can be just as enlightening.

Folks as me what I pay attention to and his blog is on the front page of my RSS feed: http://executivesuite.blogs.nytimes.com/ If you are an expert in big business, this is a great place to post. But be aware: better have your ducks in a row. This is a tough crowd.

Got free speakers?

Thursday, March 5th, 2009

Meeting industry media is abuzz on two things: the economy’s impact on events and how folks can keep their jobs. Watch for a glut of what I’m calling false positives. Here’s how it works: job fearing meeting planners make themselves indispensable by cutting costs of meetings. How do they do that? By talking you into reducing or waiving your speaking fee. And how do they talk you into reducing and waiving your speaking fee? With flattery. By telling you all those great things about your speaking, how much they would like to work with you, etc., these buyers (who answer to the “real” buyers) let you believe that doing them this favor will create a “relationship” with them in the future.

Tread carefully here. There are niches that it’s worth foregoing your fee for. The problem: niches in this economy are a moving target, and every group thinks exposure to them is profitable. If you can hammer out a plan of ongoing exposure (via the website, any publications, etc.), then it might be worth reducing your fee. If the group is a false positive, I would politely decline. This is the time to target, not be everywhere someone else wants you to be. I’m going to be discussing niches in depth during the upcoming Here’s the Deal call on Recession-Proof niches on March 10th. Click here for details and to register.

Opportunities in odd places

Tuesday, March 3rd, 2009

You’ve heard of the old saying that for every door that closes, a window opens. A great example: many growth experts have worked in the church market, where visionary pastors dreamed of mega churches. Now that the economy has put the kibosh on big buildings, watch for growth in multiple locations. And that’s good news for technology experts.

How? Videoconferencing, scheduling events online, web-based church materials, even social networking. My prediction: interactive online learning (i.e., games) that applies biblical approaches to every day situations is right around the corner. Another hot area: background checks for volunteers. Security experts, start your engines…

My question: how are you using all these changes to find new markets? I’ll drill down on those hidden holes in the market in the upcoming Here’s the Deal call on recession-proof niches on March 10th. Click here for more info and registration.