Wednesday, March 6, 2013

Marketers, Go Back to Basics


Marketing is changing so fast, it's easy to get our heads turned by new, high-tech developments. Doesn't my company need a smartphone app? How should we leverage augmented reality? What about gamification? But, as a marketing consultant who is putting my own theories to the test as I work to drive sales of my first book, it's become clear to me that many companies have needlessly forsaken some marketing strategies that still have life in them.
I recently chatted with Tim Hayden, the SVP of Mobile Strategy at Edelman Digital, a conference where we were both speakers. He's obviously a believer in the future of mobile — and so am I — but he agreed that high tech isn't always the right choice. "There's so much that's sexy in social media and in mobile right now," he said. "Anyone who's bought a smartphone in the last 18 months is doing some things they hadn't imagined yet." When they read about a big company launching a cutting-edge initiative, they want in — but the economics usually only make sense for large companies that have experimental budgets. Instead, he says it often pays to focus on bread-and-butter marketing (like direct mail) or even on technical innovations of the past few years that are effective, but less novel (like mobile websites).
Some of the best marketing I've seen in the past year has come from an unlikely source: Kochi, India. A year ago, I traveled to Tissa's Inn, a small, charming hotel in that seaside community. Like all hotels are required to do, they photocopied our passports and took down our contact information. But they've made better use of it than anywhere else I've stayed. Having your passport means they have your birth date — so they make it a point to send an effusive, personalized birthday email. "We fondly remember your stay with us and your birthday today. All my staff joins me to wish you A HAPPY BIRTHDAY!" They've also emailed us on Valentine's Day, Easter, and Christmas, which means that I hear from them more frequently than anyone besides my mother. And the close of each email is a link to TripAdvisor and a request to write a review, if we haven't already done so. It's zero-cost marketing, but it's friendly, personalized, and keeps them top of mind better than most multimillion-dollar companies.
In some cases, even email is overdone. Matt, a former student of mine from Suffolk University, now works in sales — and finds email totally ineffective for his purposes. "Honestly, I get more meetings with the C-suite with a handwritten letter," he told me. The secret that both Matt and Tissa's Inn have discovered is that successful marketers need to go where the competition isn't.
To improve your marketing, and perhaps even save some money, it's important to first determine if you've fully extracted the value from existing ideas, existing product lines, and existing marketing channels. Innovation is great — but not before you've leveraged what you've already got. Here are a few questions to ask yourself:
What is everyone else doing — and how can I do the opposite? Other hotels blast out e-newsletters to their entire database; Tissa's Inn sends simple, personalized notes. Other salesmen wantonly barrage top executives and hope to score a hit; Matt crafts handwritten letters that break through the clutter.
What worked in the past that's been abandoned — and why? Sometimes, marketing strategies are dropped for good reason: the smart money got out of telemarketing a long time ago, because no sane person would talk to a salesman after the advent of caller ID. Other times, it's simply laziness: it takes longer to write a handwritten note, so people switched to email. That can become your competitive advantage.
What circumstances have changed that might allow for new opportunities? When you're examining your product mix, recognize that the past may hold untapped resources. It looked like solar panels were dead after the oil crisis abated and President Reagan unceremoniously ripped them off the White House roof. But when climate change became a pressing concern, the industry once again had popular appeal (and President Obama even put them back on).
What untapped markets might exist? The wave of history passed from vinyl records to 8-tracks to cassettes to CDs to digital downloads. But that doesn't mean vinyl is dead. On the contrary, it still has a competitive advantage — its superior sound quality, compared to digital. Not everyone cares — honestly, I don't — but a small, high-end market is most certainly willing to pay for that difference in quality. It occasionally makes sense to write something off for the masses, but resurrect it for a niche audience.
Sometimes — depending on your industry and target audience — the new, shiny tool or technique is the right way to go. But often, you can get a better result by drawing from your existing resources and simply being strategic about how to communicate in a more memorable way than your competitors.

Thursday, January 17, 2013

Stop regretting your Career Decisions

"I should have never chosen this field." "I should have left my job long ago." It's no fun to lament over decisions you've made in your career. Instead of letting remorse suffocate you, face it head on:
  • Get input. Ask some trusted friends to brainstorm ways to think differently about your regrets. Choose confidants who are imaginative and positive — not cynical and snarky.
  • Ask "what if" questions. Using the input you got, formulate questions that help you view your career from a fresh angle. For example, if you regret going into PR, you might ask yourself: What if I did PR for a cause I believed in?
  • Explore ideas to act on. Look deeper into a few of your "what ifs." If you find yourself getting excited about one possibility, keep working on it until it pays off.

Ask for feedback before taking the job

It's tempting to start fresh with a new company in the hopes of advancing your career. But finding great success by jumping ship may be more myth than reality. Managers often sign on to a new job out of frustration, only to run into the same problems they faced in their prior organization. If you're getting ready to take a shiny new job because you're not moving forward in your current company, don't act until you get honest feedback. Find out how you are perceived by those who make promotional decisions in your company. What skills have you demonstrated? Which do you need to develop? Is there anything holding you back? This input may help you uncover some of the leadership challenges you face, which will likely follow you to any new job. Before you make that move, find out what you're up against.

Stand Out in your Interview

You get one chance to impress in a job interview. Perform well and the job may well be yours. Fail and you're back to sending out resumes. Here are three tips for getting it right:
  • Prepare, prepare, prepare. Find out as much as possible about the company, how it's organized, its culture, relevant industry trends, and some information about the interviewer.
  • Ace the first 30 seconds. First impressions matter. Start off by speaking clearly but slowly, walk with confidence, and think through what "props" you will carry so you don't appear over-cluttered.
  • Tell stories. In interviews, people respond to narratives far more than they do data. Prepare concise stories that demonstrate your ability to do the job. Make sure they have a good opening line, such as, "I'm going to tell you about a time that I rescued the organization."

Wednesday, December 12, 2012

MOST TEAMS UNDERPERFORM. YOURS CAN BEAT THE ODDS.

Assemble and steer teams that get results. 

Motivate large, diverse groups to tackle
complex projects
Increase groups' emotional intelligence
Reverse the fortunes of a struggling team
Prevent decision deadlock
Extract results from a bunch of touchy superstars
Fight constructively with top-management colleagues
Ensure productivity in far-flung teams