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Archive for the 'Target market' Category

Last Thursday I was invited (again) to be the final speaker in this season’s series of business seminars at the Half Hollow Hills library in Dix Hills, Long Island (NY). I’ve attached the handout I used - feel free to print it out and follow along this full seminar! Ask your questions as comments below.

You may notice the handout is missing “Question 14″ - or really the second worksheet… The Marketing CheatSheet™.

Well, if you want to know EVERY marketing channel & collateral for traditional AND on-line marketing –> Order an audio-book (or my NEW TEXT BOOK, 365 Marketing Thumb-rules) and I’ll give you the Marketing CheatSheet™ FOR FREE!

In the meanwhile, use the worksheet along with the video seminar and grow your practice to the next level… post questions/comments by clicking Comments below.

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Personal branding and marketing is all about relationship building. After all, most of your business probably already comes from referrals. But we all have dormant relationships; most likely, more than those which are active. So how can we light the fire under these relationships? And how can they inspire us to refer them more business?

Relationships are built on our three C’s: Our charisma, our character, and our competency. Our charisma is the personal magnetism, charm, and attraction that is not so readily explainable, but we all know it when we feel it. There are ways to improve our charisma as Vik’s audio-book “Magnetic Personality” details.

Most of our relationships are character driven. That is, our personalities (our “outside character”) match. We like each other; we have similar values, hobbies, and style. We enjoy playing golf with each or grabbing a drink after work. These business relationships quickly turn into friendships. Good times are had by all, but then we realize that we’re not doing much business together.

We’ve all had experiences where we like the guy, but wouldn’t necessarily do business with him or her. Perhaps we don’t trust in their capabilities or workmanship; what I call their “inside character” traits. Or, maybe we already have a worthwhile (economic) relationship with a competing professional.

They say they are different, but we’re not sure exactly how. So we don’t refer them any business. Or maybe we’re that guy: We say we’re different because we’re reliable and put relationships first. But doesn’t everybody seem to say that?

We’ve all put up with professionals who rub us the wrong way or lack people-skills, but definitely do a great job. So we give them our business and refer clients to them (we warn them first). We put up with their character faults, because they are so highly competent.

Of course, the best of both worlds is to be a highly-competent professional who has mastered the art of relationship building. And they are the rainmakers who seem to do a bounty of business, make a lot of money for everyone around them, and have friends for all the right reasons. We are all working toward being this way.

So as we work toward building relationships, we have to work toward making them productive. That is, as we showcase our fun personality, we must showcase our expertise. We must showcase how our expertise is different from the next advisor, and how our expertise is better for our target market.

Here’s a Marketing Thumb-rule to (re)brand yourself: Replace your boring 30-second “elevator pitch” or networking message, with a 1-line Catchphrase: It should Short, Memorable, Appealing, Repeatable, and Timely.

Instead of your boring title or confusing designations, Personal Brand Marketing clients talk about the articles, audio-books, text-books, blogs, or other media that they’ve authored or been quoted by. Others offer educational tidbits (1-liners) that are counter-intuitive. If you have the right personality, you can take a commonly-used phrase or cliché, and play on it. Or coin a new word (a neologism), phrase, or jargon that is simply S.M.A.R.T..

See the video in the next post!

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Nowadays, a 30-second elevator pitch is way toooo long! Worse, our prospects, referral partners, and centers of influence can barely remember all of it. Even worse, we rarely can remember our whole 30-second “elevator pitch.” And when we do, it sounds too canned!

Rather, by perfecting our catchphrase, we’ll have a Short, Memorable, Appealing, Repeatable, and Timely one-liner or headline that our targets will use to recommend us. A catchphrase headline then becomes the predominant theme tying together all of your marketing collaterals, including your business card, 1-pagers, tri-folds, websites, and conversation starters.

In this live video with over 50 lawyers, real estate professionals, accountants, bankers, and financial advisors, I walk you through Perfecting Your Catchphrase.

The audio-book Sales Momentum goes into more background why it works and how you can use your Catchphrase to close more deals, more quickly.

CLICK THE “E-BOOK” LINK BELOW TO DOWNLOAD THE .PDF WORKSHEET FOR THE VIDEO SEMINAR.

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Direct marketing is traditionally through regular mail, phone, and even fax. E-mail is also a direct marketing channel. More and more, direct marketers are integrating the on-line direct marketing channels.

Last Thursday, I was invited to address the Direct Marketing Association of Long Island (DMALI) on the direct marketing opportunities available through Web 2.0, blogs, podcasts, on-line communities, etc.

It was a 1-hour seminar with me and Abe Mezrich of Didit.com.

The full seminar will be on Google Video soon. The first 10 minutes is below. I cite the latest Nielsen ratings for on-line communities and blog platforms.

Of course, the 60-minute audio-book WEB MARKETING 2.0 goes into more step-by-step detail!

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Stop being all things to all people. Stop chasing more than 1 rabbit.

Targeting a market can be nerve-wracking to some.  ‘Decision’ means ‘to cut off.’  These are the strategic risks entrepreneurs are paid to take.  I’ve heard many different fears from my clients:  They feel as if they’d be alienating, forgetting, or leaving-behind some of their best clients.

But target marketing need not be a shot in the dark.  In fact, it’s completely the opposite.  Picking the right niche should be a well-researched, and justified move.  I’ve identified 6 factors that can help you predict whether or not a tight-knit Community will spark word-of-mouth buzz for you; that’s the topic of the “SALES MOMENTUM” audio-book.

But what’s the first step?  Where should you start, as you try to figure out which target market is right for you?  The attached podcast gives you a head-start on the best decision you can make!

Listen Now:


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Last Tuesday, the National Network of Accountants (well, their Preferred Providers Network) invited me to present to them again. They asked me to elaborate on, “How to differentiate yourself.” There are so many ways to showcase your distinctiveness; this whole podBlog is dedicated to that!

I chose a different angle: I focused in the Personal Brand FOCUS FACTOR… Community. Often, I substitute a close synonym: Target Market.

In this seminar, I role played a 1-on-1 Q&A personal brand marketing session that I would do with a client. Mark Badami, Certified Financial Planner, and director of retirement planning for the National Network of Accountants graciously played along. My line of questioning helps to illuminate the referral-generating value of target marketing.

Everybody had a copy of the Community Target Market Story worksheet: You can e-mail me for one or just draw it yourself: 4 progressively smaller rings. 3 intersecting diagonals creates 2 big areas and 4 smaller segments.

The story of your prospect Community answers the 6 questions:

  1. Who - demographics, labels
  2. What - psychographics, frustrations
  3. When - seasons, regulations
  4. Where - groups, subscriptions
  5. With - complementers, competition
  6. Why - your personal brand appeal

Not clear? The audio of my seminar will walk you through an example of filling out the worksheet, and thus targeting your market to the 4°.

At my seminars, there’s usually so much chatter between me and the audience: I’m asking them questions; they’re asking me questions; I’m facilitating small-group exercises. This time, there was pin-drop silence as people listened to our 1-on-1 role play attentively! (It kinda freaked me out - as you may notice.)

The seminar is 33 minutes long: Download it for your iPod (or make your iPhone useful), or have a “lunch’n'learn” with friends!

How focused is your target market? Tell us about it… How many “degrees of ..who..” do you focus?

Listen Now:


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A popular sales & marketing thumb-rule: Like radio station call letters, remember WIIFM: “What’s In It For Me?”

That’s what your prospects, clients, and colleagues are all thinking. You’ve heard the thumb-rule: “Talk about your benefits, not your features.”

Blogging & podcasting has redefined the soapbox. And I hope this podBlog helps you with your personal brand marketing.

As you define, develop, and leverage your personal brand, remember your target market Community is the focus factor. We need to get to know who they are, what they want, and how they want to be approached.

Thus, we need to ask them questions… literally, ask. We can prepare, by asking ourselves questions in their voice, with empathy: “What’s In It For Me?” if I were the consumer of my services?

The best marketing materials - including your new blog should - answer this question, often with the WIIFM heading.

When they rationally ask, “What makes you different or better, than the next guy?” They are asking emotionally, “What In It For Me?”

Stop using what I call The 4 Supposed-to & Should-be’s! Last week I was invited to speak at a bank networking event. The organizer was afraid to have her guests play my TOUGH networking game, “So what makes you different & better?” In the game, we take turns at self-promotion/pitching/bragging/anecdotes, and you can’t say any variation of these:

1. Of course, “I CARE ABOUT CLIENTS” (Customer Service)

2. Of course, “I’m QUALIFIED” (Experience, credentials, Degrees)

3. Of course, “I DELIVER RESULTS on-time”

4. Of course, “My rates are REASONABLE & no hidden fees.”

Did I miss a cliche? Click on comments and add one you always hear.

…So?? So does the next guy. If I choose you, “What In It For Me?” beyond getting what I paid you for? Empathize from your clients’ perspective.

Your e-books, audio-books, podcasts, and blogs should excel at answering this. BTW: If the concepts of “podcasting & blogging” boggle you, I’ll be speaking at PodCamp On-line this Saturday afternoon. My topic, “Podcasting by Phone, Access more listeners; brand your expertise more easily.

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Last night I spoke in front of the Nassau/Suffolk Limo Association; it’s not my typical crowd. But Matt Silver, VP of the group & awesome networker, invited me to speak about Marketing. Maybe I had something to offer.

I invited one of my clients, a cosmetic dentist, to come on by, with targeted postcards in hand. I presented my 6 Conditions for Community Momentum as featured in my new audio-book Sales Momentum (to be released next week - woohoo).

While I was describing the 2nd Condition, I mentioned my blog post about Commerce Bank. I then asked the crowd of Limo/Black Car Owners, “Why would a Dentist want to develop Relationships with you guys???”

Nobody had a clue. So I asked the doc to give the answer. Folks were still bewildered… so I prompted the audience to think out-of-the-box:

‘Tis the season… Proms? Weddings? Engagements? Graduations?

Aren’t limo owners & cosmetic dentists complementary businesses? Sure, the specific cross-promotion details still need to be worked out privately, creatively, and politely… but out-of-the-box relationships were sparked.

Are you targeting the same broad, generic, mass population as everybody else? With the questions I ask you in Sales Momentum, you’ll see how your Personal Brand can attract more and more qualified prospects in less and less time.

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I recorded this tidbit as I was driving back from two clients.  My advice helped both with their next regular mailing.  In this podcast I give you those 2 tips and a way to get targeted mailing lists … AT NO COST!

If you’ve used this resource, feel free to post your comments and share your experiences.

Listen Now:


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In the attached podcast, I’m coming back from a 2nd meeting I had a with a financial planner… I recorded the Anecdote:

Adversity/Aspiration: The financial planner was going after the typical “wealthy business owner” market. He wanted to make his marketing efforts more effective. He knew his marketing wasn’t focused, but didn’t know exactly where to begin.

Advice/Actions: My podcast showcases how I started to help him explore & define the right target market Community. Listen how we’ve started to uncover the answers to these questions: 1) What are the common Demographics of your target market community? 2) What’s their mindset, Psycographics, symptoms, aspirations & adversities? 3) What are their common hobbies & Habits that exhibit their community belonging? 4) How does your community spend Money on complimentary & competitive products & services? 5) What are the names of the Clubs & media to which your community attend/subscribe? 6) What is your personal brand (rational & emotional) Appeal to this community?

Advantage/Achievement: ~ With one of my 45-minute exercises, the financial planner can now immediately differentiate himself from the vast competition. Of course, he’ll need to improve his specific expertise and competencies. And he should adapt the 6 Buzz Streams for this Community.

~ His name will immediately pop into the minds of his colleagues as they’re in front of the right people. They’ll know the two of them will connect well! And what Catchphrases to say to perk interest.

~ He can identify & focus on clever channels that pinpoint his community’s hobbies & habits. His marketing collaterals will immediately spark interest… with the right words, imagery, and anecdotes.

~ How else can a unified target market Community help?

Listen to the audio anecdote. Take the time to answer these 6 questions for yourself. Have you answered them correctly? I gave you a quick thumb-rule at the end of the audio. What’s your personal brand Appeal? Describe your unified target market Community in the comments.

Listen Now:


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