Posts Tagged ‘positioning’

Associations Playing Games

Tuesday, January 31st, 2012

Let’s end this month with one more study, this time from the IMEX survey at their trade show last October.  Yes, they had all the usual trends — do more with less, shorter meetings, going green.  But this finding about associations and educational content got my attention.

According to attendee responses, associations are more firmly planted in the education business.  Using content from the conferences before and after the event is pretty standard now.  What’s new:  the format is diversifying into interactive experiences and, yes, even — gasp — gaming!

I’ve preached for years that we experts need to “gamify” our content for corporate segments.  Now it looks like we have a new group of customers coming up.  My predictions:  look for these formats to be underwritten by industry sponsors.  This is a great way to be a guru to a community — you can go from being the expert in (fill in the blank) to being the creator of blah-blah game that is taking the industry by storm.  See the difference?

Let’s put that on our resolution list.  As for the IMEX study, click here to see the rest of the findings.

Cut The Content Clutter

Tuesday, January 24th, 2012

If Martin Lindstrom says something, I remember it.  Why?  Because I trust him.  In this Fast Company article last month, he explains how that happens.

His theory:  our brains store information by how much we trust the source.  We link information to the emotional relationship we have with the community, the person, the media outlet where we found the information.  Think about it:  this happens all the time in politics.  How many ideas were dismissed because of the news outlet they showed up in?  Or because of the person who had the idea?

Perhaps this is a new standard we should apply to our content marketing efforts.  Key question:  do our ideas show up in high-trust places?  Are there other places our best clients trust even more?  Sounds like the old “throw content on the wall and see what sticks” doesn’t work anymore.  Lindstrom  has other ideas in this article as well.  Click here to learn more.

Meeting Overhauls Are Coming

Thursday, January 19th, 2012

Like everything else, the structure of meetings and conferences is being overhauled.  And that’s a good thing.  In the good old days, structure stayed the same, then content was plugged in.  What’s happening now and in the future:  the structure will be designed around learning and experience.  The buzzword you’ll hear more of:  meeting architecture.

Yes, the economy is driving these shifts.  But so is a belief we all need to be aware of:  buyers believe that everything they need to know is online.  Yep, our content isn’t ours anymore.  It’s out there and anyone can take it.  So the emphasis is now on interaction and learning.  And we’re not talking about using Twitter and text to ask questions.  Think:  30-minute presentations followed by 30-minute breaks.

This provocative article in Meetings and Conventions explores a variety of opinions.  For those who speak at conferences and conventions, we need to be ready for any format.

Strategic Bets

Tuesday, January 17th, 2012

According to this article by strategy giant Booz and Company, it appears that competition and other market forces are driving down profit margins in the big pharmaceutical market.  Sound familiar?  Sounds like everyone got tossed around in this economy.

My favorite line in the article:  ”The next decade for the pharmaceutical industry is shaping up to be not only a period in which the leading companies don’t know what’s going to happen, but one in which they can’t know what’s going to happen, because so many of the conditions under which they operate are in such an unusual state of flux.”

I agree.  All of us are in a state of flux.  So here’s an idea:  let’s stop trying to predict what’s coming up next.  Let’s stop sticking our finger in the air to see which way the wind blows.  Because that dang wind can change directions in a heartbeat.

Instead, let’s focus on pockets of profitability.  What do we do best and who needs that?  Can we take our gifts to a new sandbox?  And the more important question:  how can we deliver on that need in a different way than before?  Let’s venture out some and find new folks who need what we have.  It’s time to hedge our bets with a little diversification.

This article tells me that:  (1) the days of steady, predictable growth are gone; and, (2) now is the time to make strategic bets.  A lot of good examples here.  Check it out for yourself.

Brand Bingo

Thursday, January 12th, 2012

As we enter 2012 with new vigor, it’s tempting to look around and see what you can revamp.  Branding usually is on the short list. But not so fast.  A band makeover can be expensive and time consuming.  The key question:  do you really need to overhaul or simply refine and redirect your brand?

This Fast Company article from last Fall has five questions that we experts can easily adapt to our own situation.  Yes, the article uses big-company retail examples, but look past that.  Ask yourself:  are the new benchmarks that refine thought leaders on your side?  Do you need to move your brand to a new segment or is there more growth where you are at?

Asking these questions first will not only help you decide on moving forward.  You can also clarify what you want your new brand to do.  Here’s the article and five questions.

New Speakers, Old Message?

Tuesday, December 20th, 2011

The newest crop of speakers hitting the circuit come from the executive suite in Silicon Valley, according to this recent article in The Wall Street Journal.  Speaker Bureaus are jumping into the fray quickly, including the celebrity agent powerhouse, Creative Artists Agency.

These folks are not only hitting the association conferences, but also sharing ideas in the corporate sector.  Their fees are not cheap — easily running into the five figures.  Combined with what I’m hearing out there, here’s what I took away from the article:

  • Bad news:  if you’ve done nothing but speak in the last ten years…be very afraid.  The cool entrepreneur with a big success has become your biggest competitor for big-fee speaking.  They are more visible with a more compelling story.  And they are willing to speak for free in certain venues.
  • Worse news:  buyers are giving these folks a pass on compelling content.  Call it the halo effect for speakers.  If you are cool, you can read from the phone book and be inspiring.  But don’t call them boring.  Some of these execs are passionate and eloquent, too.  Sigh…
  • The best news:  death of the $10,000 plus speaking engagements has been exaggerated.  Buyers will pay good fees for speakers — but only for those they think are worth it.

Click here to read the article for yourself. Many thanks to Al McCree and SpeakerNet News for passing this along.

Why Corporate America Hoardes Cash

Thursday, December 15th, 2011

…and little incentive to invest it in people or equipment, according to a survey by CFO Magazine.  What would loosen the purse strings?  A killer acquisition or uptick in demand were the top two answers.

Other key findings:

  • A lot of CFOs (43%) recognize the vicious circle:  if they spend money, the economy improves but they want to hold off spending money until the economy gets better.  But a big majority (71%) don’t feel obligated to invest in the economic recovery.  The concern:  they have a fiduciary duty to be safe and besides, they don’t want to hire and then lay off if demand doesn’t rise.
  • Don’t look for the budgets to ease soon.  A related study back in the Fall shows 25% reporting no plans to invest in the next 12 months.  The reason:  no attractive investments.

Why do you care?  The above might explain the initial reaction of the “budget blues” even when prospects contact you.  But know this:  they have the cash.  It’s just a matter of selling the ROI to the people holding the purse strings.

New Meeting Formats

Thursday, December 8th, 2011

Less talk and more interaction is in store for many conferences, according to a recent study on meeting trends presented at IMEX America event in October.  Bottom line:  shorter keynotes (15 to 20 minutes) followed by opportunities for personal interaction.  My theory:  the emphasis on access to the experts themselves rather than riveting information is a response to content marketing and all that other free stuff on the Internet.  My prediction:  your personal brand will become even more important.  Your story will be just as relevant as your message.

Something else to consider:  speaker previews are on the horizon, as more attendees want to choose which session to join.  Watch for more requests for video clips to post on conference websites.  Why do you care?  This means that folks have to fall in love with you before the speech, not during it.

So ask yourself (honestly):  why would attendees want personal access to you?  Platitudes have become obsolete here.  Creators or developers behind big cool projects are getting the inside track now.

See for yourself — here’s the article outlining the findings.

What’s Your Trade-off?

Tuesday, December 6th, 2011

Thanks to Joseph Pine and James Gilmore, we all know about the “experience economy”, the idea that the customer experience sometimes trumps the product itself.  (Exhibit A:  Starbucks.)  The problem:  other than great service, how do we experts create a branded experience?  We don’t have stores to create the visual experience.  Most of our work is done virtually or at the client’s office.

I think this Fast Company article has some ideas we can build on.  Yes, the authors are referring to retail and electronics, but let’s apply some of the ideas to our situation.  My favorite:  idea #6, dealing with “trade-offs”.  It’s one thing to have a clear point of view in our content marketing.  It’s quite another to take a stand on sales conversations and client delivery.

The trade-offs can be delicate.  I’ll use myself as an example.  I believe that implementation is critical to getting value from my work.  If a client doesn’t implement my findings, they won’t get the value.  Period.  So I watch how a potential client interacts during the sales process.  Do they react quickly when we follow-up on their initial inquiry?  Do they get me information when they say they will?  Do they keep the follow-up appointments they agreed to?  If not, I drop the prospect from our follow-up list.  Why?  Because I only work with those folks who I believe can make the necessary changes.  If they are sloppy during the sales process, they will be sloppy in implementation.  (And, no, I don’t tell folks they are sloppy.  I just don’t take the assignment.)

Is this harsh?  Maybe.  But the reality is that by taking a stand, I design an experience — starting with the initial inquiry — that makes an interesting trade-off.  I would rather spend the time talking to ten serious potentials, than field 100 inquiries from the non-qualified.  My process reflects that trade-off.  The result:  less time on sales, more time working with fabulous clients.

What trade-offs are you willing to make?

What China Taught Me

Tuesday, November 29th, 2011

Good news:  I’m back on U.S. soil.  Had a blast teaching business owners in China how to stand out and outsmart their competition.  A tip:  professional guides are worth their weight in gold.  Without them, I would have gotten lost in an instant.  And they are great negotiators at those street markets, too.

I also learned:  the business environment in China takes competition to a whole new level.  According to an owner of a 200-employee PR agency:  ”For every potential customer, there are dozens of agencies fighting for that assignment.”  Not five or six like we have here.  Dozens.  Given that 22M people live in Beijing alone, I guess that’s not surprising.

Result:  every customer is a result of a hard-fought battle.  And it’s rarely a fair fight.  Who wins:  the person who takes advantage of every inside edge.  And that’s my point.  In this volatile marketplace, it’s not enough to be the best.  You have to fight for every opportunity by using whatever advantage you have.