Posts Tagged ‘strategy’
Thursday, December 29th, 2011
Whew! Glad this year is almost over. It’s been a roller coaster ride. Two international trips, a death in the family (and an estate to settle) and a business that’s booming. Hey, I’m not complaining. I’m just a little tired.
Between the volatile economy and personal issues, it’s easy to feel like we’re no a never-ending obstacle course. That nothing will be gained without a hard-won battle. That we have to fight for every customer, every bit of success we get. I hear you. When my to-do list is bigger than the time I have, I feel the same way. What I’ve decided: to make the obstacles smaller.
Yep, I will have stuff to do. But I make the to-do’s bigger than they have to be. How? By being a perfectionist and spending time to make things “just right”. By making the task more complicated than it needs to be. By writing ten words when five would do. By procrastinating to the point that I have to rush to get the task done.
I have an idea for 2012: let’s make things easy. Let’s ask ourselves: what is the easiest way to do this? Not sloppy — I’m not talking about cutting corners. I’m saying that in the spirit of perfection, are we making things harder than they have to be? Are we dwelling too much on the negative instead of spending time just getting it done? Guilty as charged.
But not anymore. This next year will be the “easy year”. The one where I learn how to quit being so hard on myself and others. Who’s with me? Are we ready to create results without creating mayhem? Let’s go!!
Tags: conversations, experts, strategy, Vickie Sullivan
Posted in strategy | No Comments »
Tuesday, December 27th, 2011
Another fabulous Fast Company article that looks at how talent will get paid. One word: sponsorships. That’s right, those who have a following are collaborating with those who want to tap into new markets.
While this article talks about artists and musicians, just insert the word “expert” and you’ll see the similarities. Look at the roles: Silicon Valley builds the platform, Hollywood brings the star power and Madison Ave has the money. It’s a three-way match made in heaven. And the co-create theme highlights partnership, not the “hey, give me money because I’m good”.
Don’t let the “big” examples in the article scare you off. Use the best practices here on a smaller scale, and you’re set to go. How to apply this dynamic to our situation: if we use technology to build a community of avid followers, others will join forces with us because of that community. The key is not just size — it’s demographic. If your community is small but influential, you can still attract Madison Avenue-type sponsors.
Perhaps this can be your New Year’s resolution: I will build a community that others will pay to access. Something to think about…
Tags: branding, experts, Sponsorship, strategy, Vickie Sullivan
Posted in Sponsorship, strategy | No Comments »
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.
Tags: experts, positioning, speakers, Speaking, strategy, Vickie Sullivan
Posted in Speaking, strategy | No Comments »
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.
Tags: budgets, coaching, conversations, economy, experts, positioning, strategy, Vickie Sullivan
Posted in strategy | No Comments »
Tuesday, December 13th, 2011
Ever wondered why there is so much educational stuff — white papers, videos, research, etc. — on the Internet? Well, perhaps because content marketing has surpasses more traditional strategies according to B2B Marketing Trends 2011 Survey by HiveFire, Inc.
Keep in mind the source of the survey: HiveFire is an online marketing tech company. But the findings point to good news for experts: content curation (finding relevant content and posting it) has grown 17% in just six months alone. More than half of respondents — 56% — report that content curation is part of the mix.
Translation: these folks don’t want to create all the content they distribute. They need our content and are looking for it. That means that there are more opportunities to get your perspective out there. Our challenge is to tap into this trend effectively. One idea: tap into the top two objectives: engage customers and drive sales.
So ask yourself: who can benefit from distributing your content? Whose customers can you engage? Those answers will point to your best starting point. Learn more with this summary. Registration required (no charge) to get the full report.
Tags: experts, Marketing, promotion, strategy, Vickie Sullivan
Posted in Marketing, strategy | No Comments »
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.
Tags: experts, Marketing, meetings, positioning, Speaking, strategy, Vickie Sullivan
Posted in Marketing, Speaking, strategy | No Comments »
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?
Tags: branding, experts, Marketing, positioning, strategy, Vickie Sullivan
Posted in branding, strategy | No Comments »
Thursday, December 1st, 2011
Want a one-stop shop on performance improvement and engagement? Check out this collection of white papers and other resources at a new website by the Performance Improvement Council. Yes, there is an incentive bent — keep that in mind as you read the perspectives. But there are some good reports, my favorite being Employee Lifetime Value.
This is a great resource for speeches and other content on these topics. When you are in research mode, check this site out.
Tags: consultants, experts, strategy, Vickie Sullivan
Posted in Marketing, strategy | No Comments »
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.
Tags: branding, competition, experts, Marketing, positioning, strategy, Vickie Sullivan
Posted in branding, strategy | No Comments »
Tuesday, November 22nd, 2011
IBM released their Global CMO (Chief Marketing Officer) study last month. I like the way they gathered the data: personal interviews with 1,734 CMO’s from 64 countries and 19 industries. This is how you find out where the bodies are buried.
Here are the top three imperatives according to the respondents:
- Delivering value to “empowered customers” — using all that data to figure out buying behavior and demand patterns.
- Creating relationships with those customers — over half say the answer lies in social media, with the focus of going beyond the transaction. Their key question: how to help the buyers enjoy their purchase.
- Measuring marketing impact on the business — so they can get their fair share of the budget and kudos.
The best news: a big majority (over 60%) believe they are unprepared for the above onslaught. What the most proactive are doing: focusing on relationships instead of transactions and creating a clear — alert! new buzzword coming up — “corporate character”.
If this isn’t an invitation to help, I don’t know what is. Don’t think that because you are not a marketing expert, you can’t take advantage of this. There are a lot of places to play in these initiatives. Click here for the summary and the full report.
Tags: consultants, experts, Marketing, opportunity, strategy, Vickie Sullivan
Posted in Marketing, strategy | No Comments »