October 30, 2008

Halloween Humor and an Object Lesson on Trust and Marketing

I talk a LOT here about the importance trust plays in marketing your product or services.  Establishing trust with your marketing is especially essential if you’re selling “nothing but air” a.k.a. making an intangible major sale.

Trust is hard to win and easy to lose. In the world of Web 2.0, transparency is the key.  For example, In the “old days” (pre-web), if a business owner got a reputation for lying and ripping of his/her customer,  he or she could always pick up and start anew in a new location.  However, in the world of Web 2.0, your reputation can follow you ALL over the world!

Here’s a bit of Halloween Humor making the rounds these days which offers a thinly veiled object lesson on trust and marketing.

A cabbie picks up a  Nun.  She gets into the cab, and notices that the VERY handsome cab  driver won’t stop staring at her. She asks him why he is  staring.  He replies: ‘I have a question to ask, but I don’t want to  offend you.’

She answers, “My son, you  cannot offend me.  When you’ have been a nun as  long as I have, you get a chance to see and hear just about  everything.  I’m sure that there’s nothing you could say or ask that  I would find offensive.'”

“Well, I’ve always had a  fantasy to make out with a nun.”

The nun responds, “Well, I could probably oblige you under two conditions.  First, you have to be single and second, you must be Catholic.”

The cab driver blurts out, ‘HOT DOG!!!  Yes,  I’m single and Catholic!’

The nun says.   ‘Pull into the next alley.’

The make out scene that followed in that alley would make a hooker blush.

When they get back on  the road, the cab driver starts crying.

‘Why is wrong?” the nun asked.

‘Forgive me but I’ve  sinned.  I lied and I must confess; I’m married and I’m Baptist.’

The nun replies, ‘That’s  OK.  My name is Kevin and I’m going to a Halloween  party.”

It’s a beautiful thing when a liar gets taken by a con artist.

It’s not a beautiful thing when good people get taken by “gurus” and “experts” who don’t know enough to know they don’t know anything!

That’s why I’m a REAL fan of blogging.  See, there’s no better vehicle to build trust than with a blog.  It’s hard to fake expertise over the course of a couple hundred blog posts!

If you’re here and you’re offering “real deal” services, then get a blog.   There’s no better way to demonstrate the breadth and depth of your knowledge!

Filed Under: Blog, Building Trust with Blogs, Business Basics, Testimonials Build Trust Tagged With: , , , , , , , ,
September 8, 2008

Selling Nothing But Air

What are you selling?

Make the mistake of asking a door-to-door vacuum cleaner salesman that question and he’ll whip out his cleaning machine and be into his sales pitch faster than you can scream, “NO!”  If his sales pitch were a bullet, you’d be dead before you hit the floor.

Ask that same question of a doctor, or an attorney, or any other kind of “service professional” and you would probably be met with a blank stare followed by the response,  “I’m not SELLING anything.  I’m a [fill in the blank].”

Unfortunately, NOTHING and I mean NOTHING is further from the truth. If you’re in business, you’re selling something – PERIOD!

If you’re in business and you can’t pull out  a product to hand to a prospective customer for review, then chances are strong that you’re in the business of selling nothing but air.

  • Your education – nothing but air.
  • Your experience – nothing but air.
  • Your services – nothing but air.

Sometimes referred to as “knowledge professionals”, many of us who live and work on the web are selling nothing but air.  We are joined in the “real” world by dozens of service professionals whose services can not be wrapped and mailed.   The list of those selling nothing but air includes plumbers, dentists, attorneys, doctors, chiropractors, electricians, acupuncturists, realtors, writers, accountants – the list goes on and on.

If this were a paper for a professor in business school,  I’d be using the more “technical” term for selling “nothing but air” and I’d call it the intangible sale.  Then, I’d begin prattling on about the strong connection between MAJOR SALES and INTANGIBLE SALES.   I would point out that while not every Major Sale is an Intangible Sale, every Intangible Sale is by nature a Major Sale.

Thank goodness this isn’t a term paper on Web Marketing 101!

Just as a refresher, there are two types of “sales” your business can make.  There are Minor Sales which are sales that don’t warrant a lot of time or energy on the part of the buyer.   Almost anything offered for sale in a Wal-Mart would qualify as a minor sale.  Even the few items that are sold by Wal-Mart that would meet the criteria for a Major Sale are reduced to Minor Sale status thanks to Wal-Mart’s permissive return policies.

A Major Sale is one where the buyer’s financial and/or emotional investment is significant.  As a result, the purchase warrants significant time and research into alternatives. In the Major Sale, another key factor is that there is the potential for a long-term relationship between you and/or your business and the customer.

In other words, in the Major Sale – the consequences of making a purchasing mistake are high.

  • Choosing the wrong doctor can be a matter of life and death.
  • Choosing the wrong tax professional can mean the difference between business success and business failure.
  • Choosing the wrong divorce attorney can mean the difference between splitting your assets or turning them all over to your soon to be ex-spouse.
  • Choosing the wrong Realtor can mean the difference between buying a house the floods or buying one that is high and dry.

Our town of Port St. Lucie, Florida was making national news after Tropical Storm Fay rolled through.  We got  a lot of rain dumped on our fair city over the course of a few days, exposing to the world a critical flaw in our fair city.  Explosive growth combined with poor planning by city officials = exceptionally poor storm water drainage.  As a result, much of the city was shut down by extensive flooding.

I was getting a manicure last week and he conversation turned to Fay and the extensive flooding that resulted.  I asked my manicurist if she was affected by the flooding.  Her response, “We had a REALLY good realtor who told us when we began looking to buy a house up here about the problems the city has with drainage.  As a result, we purchased our house with the possibility of flooding in mind.  Our house sits high and dry thanks to our realtor’s advice.”

Attention: All Realtors – especially those of you who are “afraid” that the internet is going to replace you-  it won’t if you understand what it is you’re REALLY selling.

Three years later, a manicurist in a popular day spa is still singing the praises of her exceptional realtor – the one who guided them as they made a Major Sale Purchase and kept them from buying a home that was susceptible to flooding.

This is why when you’re in the business of selling nothing but air why it’s so important to build TRUST with prospective clients/customers.  We live in an age which can be defined as a “No Trust Zone“.  Building trust is an essential part of making the sale when you’re selling “nothing but air”.

Realtors – you are selling nothing but air  a.k.a.  – your expertise of your local housing market.

Attorneys – you are selling nothing but air  a.k.a.  – your expertise at negotiation and persuasion.

Doctors – you are selling nothing but air  a.k.a.  – your expertise of the human body.

Accountants, you are selling nothing but air a.k.a. – your expertise and knowledge of the tax code.

Once you recognize the fact that you’re selling nothing but air, it sets the stage for creating physical product you can put in someone’s hands.  Writing a book, an eBook or even a blog is a great way to “bridge” the trust gap and demonstrate your expertise.

Filed Under: Blog, Marketing Magic Tagged With: , , , , , , , , ,
April 30, 2008

Blogs are better than traditional static websites because…

You may have heard the “buzz” about blogs. However, what may not be immediately clear is WHY blogs are better than traditional web sites, especially if you’re looking at a blog as a potential marketing tool for your business.

  • What is a blog?
  • How is a blog different from a static or regular web site?
  • Are there times when you’d be better off WITHOUT a blog?

As for What is a Blog…. blogs are just another type of website. They’re as diverse in look and content as “regular” websites. Chances are that you’ve visited blogs and didn’t even know that it was a blog.. This web site is an example of a blog and this is an example of a blog post.

Blog posts are simply short (or not so short in my case) articles which are easily posted to the web site.

A blog is really just a CMS (Content Management System). The most recent articles are listed first, in reverse chronological order.

Blogs are MUCH, MUCH, MUCH easier to use and maintain for “regular” people than a traditional website. Heck, blogs are much, much, much easier to use and maintain for “geeks” as well! In addition to being easier to use… blogs allow visitors to interact with the blog owner. Visitors can leave comments and express their opinions via comments on the blog. Other blog owners can reference content on other blogs and in the case of WordPress blogs, you can see those incoming links. WordPress will even create trackbacks for you! (Trackbacks are also known as “reciprocal links”…. except you don’t have to beg, borrow and steal them. The other blog just has to approve it and VIOLA! LINKAGE!)

While blogs are great, and WordPress is the best of the bets…. there are times when ‘Yes, Virginia… tis far nobler to have a static web site. As a general rule, if you’re making a Minor Sale, then your business would be better served with a traditional web site. What is a Minor Sale? According to Rackham in his book Spin Selling , your business is making Minor Sales if:

  • There is a single decision-maker
  • The buyer’s financial or emotional investment is low or insignificant
  • The purchase does not warrant the time/energy necessary to research alternatives
  • There is little interaction between you and the customer
  • The consequences of making a purchasing mistake are inconsequential or insignificant.

Sound like what you’re selling? Then skip the blog and hire a web developer. YOU my friend are the lucky owner of a business which is engaged in making Minor Sales!

On the other hand, blogs are simply communication tools which means they are really the web presence of choice for the business that is engaged in making Major Sales. Your business is making Major Sales if:

  • There is more than one decision-maker
  • The buyer’s financial and/or emotional investment is significant
  • The purchase warrants significant time and research into alternatives
  • There is the potential for a long-term relationship between you and/or your business and the customer.
  • The consequences of making a purchasing mistake are high.

Sound like the kind of sale YOUR business is making? Well, congratulations because of the nature of your business YOUR potential customers need a LOT of information before they make a buying decision. This is important. It requires time, thought and research. A buyer has to have a certain level of trust established before they make the leap and complete the Major Sale.

Lots of information…. TONS of information… no such thing as too much information. The more check marks you can make beside the factors listed above, the more trust you have to build BEFORE the sale.

THAT is the biggest reason for a blog. You need to provide TONS of information… some of it over and over again… you need to educate your customer…. they want to know more… and a blog is a great way to deliver that information to your potential customers.

Filed Under: Blog, Why Blogs are Better Than HTML Web Sites Tagged With: , , , , , ,
April 15, 2008

Is a Blog the Best Marketing Tool for Your Business?

There is an adage in advertising that says, “I know that half my advertising dollars are wasted – I just don’t know which half!” Several authors claim credit for this quote, but no matter what the origin, I can assure you the saying is wishful thinking.

Not only is it possible that more half of your advertising dollars are wasted, on the flip side, it’s also possible that your marketing efforts are working very hard – against your business!

One every popular “advertising” avenue being touted is using blogs to promote your business. With all the hype surrounding blogs, you may be wondering if a blog could help your business.

The answer is easier than you might imagine. But in order to answer this question, you must first recognize that there are two different types of sales your business can be making.

Neil Rackham is the founder of The Huthwaite Corporation, which launched a 12-year, $1 million research study into effective sales performance. Rackham is not your typical “sales guy” but rather he’s a psychologist who studies the sales process. The study results are available in the book, Spin Selling, where Rackham differentiates sales into two categories… the Minor Sale and the Major Sale.

While Rackham applies this theory to sales people who make sales calls, I have taken this theory and applied it to advertising and marketing, because these activities are “selling” activities.

If your business is making Minor Sales, then a blog probably won’t be a really effective marketing tool for your business. However; if you’re making a Major Sale, then a blog can be a GREAT marketing tool for your business.

Are you making a Major Sale?

The elements that make up the Major Sale extend beyond the financial investment required. Asking a customer to spend a lot of money is one way you know you’re making a Major Sale… however, it’s not the only factor in play. To determine how much of a Major Sale you’re making, ask yourself the following questions:

QUESTION 1: How much risk is there in purchasing your product or service for your customers?

In other words, how much trust do they need to have to become your client or customer? How “high” is the risk if your customers make a wrong choice? Most businesses doing business on the internet need to establish a level of trust, but some require more trust to be built than others.

For example, if you’re selling office supplies, the consequences fof your customer of making a mistake and purchasing the wrong kind of copy paper is very, very low. If your customer orders the wrong kind of paper and then finds out that he/she made a mistake… the consequences aren’t very high. If the customer has children, then he or she merely brings home the reams of paper and the kids will take care of it in short order.

On the other hand, the choice of a financial planner is a VERY high risk decision for most consumers.

Several years ago, a financial planning firm in my home town made BIG news when it was discovered that the “investments” offered by the “financial planners” were not investments at all but actually a complex Ponzi scheme. As a result, several thousand of the firm’s clients in the area lost their retirement savings.

If you need to establish TRUST with your potential clients… then a blog is a GREAT marketing tool for your business.

If you’re selling baseball gloves to Little Leaguers… well, then trust isn’t quite as important as it may be if you’re a CPA or a financial planner. On the other hand, if you’re selling copy paper, trust may be downright irrelevant!

QUESTION 2: How much TIME will customers invest in researching their purchasing options?

The higher the “risk” is for your client or customer in purchasing your products or services, the more time he or shee will spend researching providers and searching for alternatives.

It’s important to note that devoting a lot of TIME to making a decision about buying changes the buying process significantly. Just because someone is spending time researching a purchase, it doesn’t mean that the decision will be made based ENTIRELY upon which provider has the lowest price.

If your customers are spending a lot of time researching options, then a blog is a great marketing tool because, via regular posts, you can illustrate time and time again why they should make an investment and build a relationship with you. You can use those blog posts to clearly illustrate WHY the lowest PRICE provider may not be the BEST provider.

If your potential clients spend a lot of time researching their options… then a blog is a GREAT marketing tool for your business.

Blogs are MAGNIFICENT COMMUNICATION TOOLS!! If you’ve got a good “handle” on the information you want to communicate to potential customers and your customers are SEEKING more information to make an informed choice.

QUESTION 3: How much TIME will your customers be spending with you after the sale?

Yet another factor that moves a sale from Minor Sale status to Major Sale status is the RELATIONSHIP that you’ll have with your customers or clients once the sale is completed.

The more interaction you expect to have with customers or clients, the more information those clients or customers need BEFORE they make the final decision. If you expect to have a lot of interaction with clients or customers AFTER the sale, then even if customers aren’t making a major financial investment, they still treat the transaction as a major sale. After all, breaking up with a service provider is hard to do!

So while the investment in choosing a baby sitter for a Saturday Night out on the town may not require taking out a loan, it still falls into the Major Sale category.

If your potential clients will develop a relationship with you after the sale… then a blog is a GREAT marketing tool for your business.

If your business is involved with making Major Sales, then establishing communication with customers BEFORE they make a purchasing decision is essential. When communication is key, a blog is a GREAT way to communicate with customers and clients.

This article was published at BizNik
Biznik - Business Networking

Filed Under: Blog, Blog Basics, Business Basics, Marketing Case Study, Marketing Magic, Niche Marketing Tagged With: , , , ,