Professional Documents
Culture Documents
Once you identify your target market, explore these shoestring ideas for making
contact.
By Sean M. Lyden | November 25, 2003
URL: http://www.entrepreneur.com/marketing/marketingbasics/article57382.html
Q: I'm still in the early stages of starting my business, but I don't know how t
o begin getting the word out to potential customers. Should I take out an ad in
the local paper? Do I need to send out a press release? Help!
A: When I raised money for a dotcom start-up a few years ago, potential angel in
vestors would say things to me like, "Your business concept seems sound and your
marketing and PR plans all look well and good, but tell me: Where are you going
to get the first five customers who will actually pay for your product? Because
until you have them, I don't see how you really have a business here."
Strong words, but how true! We can talk about writing press releases, taking out
ads and sending out mailers. Yet, think about it. In tangible terms, how are yo
u going to get those first few customers? Your first customers are so critical t
o your success because they:
Legitimize your offering, demonstrating that yes, there is indeed a market for y
our products and services.
Provide valuable feedback to help you improve your business operations.
Give you real testimonials, which you can leverage in subsequent marketing campa
igns.
Tapping Your Warm Market
Where do you find your first customers? Well, ask yourself this question: Who ar
e the people most likely either to buy from you or send you good referrals? Yep,
those are the people you know-your "warm market." How do you approach them and
get the word out? The first step is to build your initial list of warm contacts.
Here are 10 questions to stimulate your thinking:
1.
Who are your personal friends-and their friends?
1.
What about your school connections? Brainstorm a list of classmates, tea
chers, fraternity brothers, club members and so forth.
2.
Who are your business connections? These include former employers, emplo
yees and customers.
3.
Who are contacts within your civic activities? Are you a member of any c
ivic clubs like Optimist International, Rotary or Kiwanis? What about fellow chu
rch or synagogue members? Think of all the organizations you belong to.
4.
Who are your contacts in trade associations you've been a part of over t
he years?
5.
Who are the tradespeople you know? Include folks like your lawyer, pharm
acist, doctor, dentist, plumber, insurance agent, hairstylist, mechanic and even
your babysitter or nanny.
6.
Who are your neighbors-both past and present?
7.
Who do you know through your sports and hobbies, such as hunting, fishin
g, running and golf?
8.
Who are the people you know because of your home? These contacts include
your mortgage lender, real estate agent, builder and so forth.
9.
Who are the contacts you have through you and your spouse's families?
You know quite a few people, don't you! Now, how do you leverage this list to la
nd your first customers? Here are a few cost-effective ideas to get you started:
Send a personal letter and follow up with a phone call a week to 10 days later.
In this letter, announce your new business. Offer a free consultation or a speci
al discount, something to create interest and excitement in what you're doing. P
erhaps you could offer to pay a "bird-dog" fee to those contacts who send you re
ferrals who buy from you.
Use the telephone. Call some folks to "catch up." Find out what they're doing an
d then share about your business.
Set up breakfast, lunch or coffee meetings. Set it up as a "feedback session" wh
ere you present your product or service in a low-key manner as a way to solicit
feedback from the person. At the end of the meeting, ask the person for referral
s to people who might benefit from your offering.
Sean Lyden is the CEO of Prestige Positioning (a service of The Professional Wri
ting Firm Inc.), an Atlanta-based firm that "positions" clients as leading exper
ts in their field-through ghost-written articles and books for publication. Clie
nts include Morgan Stanley, IFG Securities, SunTrust Service Corp. and several p
rofessional advisory and management consulting firms nationwide.
ered valuable. You can bet those receiving it will remember where it came from-and if that company's services are needed, they would be top-of-mind because of
the value offered via their media efforts. I know of one such tech guide that's
been downloaded hundreds of times. Some businesses have even requested their own
branded copies to distribute to their audiences.
The point is this: PR can be used as advertising if done in the right way. Edito
rs know why companies and individuals want PR. Editors also love it when their r
eaders receive something of value (the giveaway) from their publication. Getting
your brand and company name in front of hundreds is easy if you can give reader
s something useful and valuable--not a sales brochure or direct promotional mess
age contained in a press release. Editors know the difference.
Alfred J. Lautenslager is an award-winning marketing and PR consultant, direct-m
ail promotion specialist, principle of marketing consulting firm Marketing Now,
and president and owner of The Ink Well, a commercial printing and mailing compa
ny in Wheaton, Illinois. Visit his Web sites at http://www.market-for-profits.co
mand http://www.1-800-inkwell.com, or e-mail him at al@market-for-profits.com.
wners in the 1970s and '80s and the difficulties they had in joining the "old-bo
ys' networks" in place, many women formed structured, well-organized groups that
met to network and provide professional support. These groups were created not
as service clubs but as bona fide networking organizations. Many made no pretens
es; the members were there to network, and everything else was secondary.
Women's business organizations are very diverse. The one thing they have in comm
on is that they tend to be concerned with education and professional development
as well as networking. Some are casual contact networks; some are strong contac
t networks. Others are industry-specific professional associations, such as Wome
n in Construction. The benefits of membership depend on the type of group you jo
in.
For many women, such groups can be an excellent and nonthreatening way to increa
se their business. Surprisingly, many women's organizations allow men in their m
embership. Assuming the man conducts himself professionally, he can truly benefi
t from membership and participation because he'll be more widely recognized with
in.
Despite all that we've covered thus far, some people tell me they simply don't h
ave time to go to business meetings regularly. I understand that objection well.
If you feel this way, let me suggest that you stop reading this article, pick u
p your telephone and start making cold calls instead. Or, if you prefer, open yo
ur checkbook and start writing checks for more advertising. If you're serious ab
out developing word-of-mouth business, there is no quick fix; you must meet peop
le in a planned and structured way.
Which groups should you join? Don't let chance decide where you're going to spen
d your time and effort. Remember, the key is to diversify your activities. Don't
put all your eggs in one basket; one type of business organization won't serve
all your needs. Consciously select a well-rounded mix of organizations, with no
two of the same type. If you have associates, partners or employees, consider th
eir participation when deciding which groups each of you will target.
Ivan Misner is the founder and CEO of Business Network International(BNI), which
has more than 2,700 chapters throughout the world. He is also the author of fiv
e books, including his New York Times bestseller, Masters of Networking, as well
as Entrepreneur Press' forthcoming Masters of Success.
of business you're in and the effort you exert to develop your network. Some pr
ofessions receive more referrals than others. For example, a florist is going to
get many more than a real estate agent. However, the florist will have to sell
a lot of flowers to make up for one real estate sale. Hence, the type of profess
ion can somewhat determine a range in the quantity of referrals. Having said tha
t, however, the actual number that someone in a specific profession can get vari
es dramatically depending on their efforts to develop those referrals.
This variation depends on how they "work" their networks. You remember the old c
omputer adage "garbage in, garbage out"? It means that if you put bad informatio
n into the system, you're going to get bad information out of the system. Well,
one's networking efforts are very much the same. The results you can expect to g
et out of your efforts will be based on the quality of people you put into it.
I recently conducted an Internet survey of business professionals in which I ask
ed, "What percentage of your business comes from word-of-mouth or referrals?" Ev
en I was surprised by the results. More than two-thirds of the respondents said
they received 70 percent or more of their business from word-of-mouth. Only 14 p
ercent said that referrals accounted for less than 30 percent of their business,
and only 2 percent said they got no business from word-of-mouth! Clearly, wordof-mouth and referrals are critical to the success of many businesses today. The
question is, how do you increase it?
First, consider professions that are part of your contact sphere. These are busi
nesses that have a symbiotic relationship to yours. Contact spheres are the buil
ding blocks of your referral business because they help to build a solid base of
repetitive referrals for you. Read "Developing a Networking Contact Sphere" for
a more thorough explanation.
Next, you should diversify your networks. That is, you should participate in dif
ferent kinds of networking groups so that you may have a diverse cross section o
f businesses and professionals as part of your center of influence. Click here f
or more information.
It's important for you to understand that you must first build the foundation I
speak of above before you can have high expectations for developing referrals. B
ased on research that I conducted at the University of Southern California a num
ber of years ago, I found that the average participant in a strong contact netwo
rk or a business development network (groups that meet weekly and allow only one
person per profession, and whose primary purpose is to pass business referrals)
generated, on average, 4.2 referrals per member, per month, or roughly 50 refer
rals per person, per year. See Chapter 8 of my book The World's Best Known Marke
ting Secret(Bard Press) for additional information about the payoffs of networki
ng.
Please note that there are many intervening variables to this number. In my stud
y, these variables included such things as length of membership, the profession
they represented, the years of experience, the level of participation and more.
One thing that didn't seem to make a difference was gender. Both men and women g
enerated substantially similar numbers of referrals throughout their participati
on.
To summarize, the number of referrals you can expect will vary depending on your
profession and your efforts in the networking process. However, on average, I'v
e found that many businesspeople can generate more than 50 referrals per year vi
a their participation in a single networking organization. What makes this numbe
r truly significant is that most people would agree that a referred contact is m
uch easier to close into business than other types of contacts. I believe this i
s the reason that so many businesses say they generate most of their business th
rough referrals and word-of-mouth.
Ivan Misner is the founder and CEO of Business Network International(BNI), which
has more than 2,700 chapters throughout the world. He is also the author of fiv
e books, including his New York Times bestseller, Masters of Networking, as well
as Entrepreneur Press' forthcoming Masters of Success.
Besides using news releases, O'Connell publicizes events by posting signs in her
store, sends mail to her customer list and taps the charities to spread the wor
d. Because she works with nonprofit organizations, her events get picked up as f
ree public service announcements on radio stations. The result is more marketing
mileage than she would have gained by merely making a donation. Since launching
in 2000, Anita's Joy has moved to a bigger store in Manasquan, New Jersey. O'Co
nnell believes her promotions played a large part in building her customer base.
"When they realize they're taking part in a fund-raiser," she says, "they retur
n again and again."
4. Partner up. By partnering with other businesses in your marketing efforts, yo
u can expand your circle of influence and slash your budget. Jennifer Graham, 27
, owner of Le Palais Boutique, a bridal shop in Grand Junction, Colorado, has te
amed with a photographer and a florist to pass around each other's marketing mat
erials. Because they all targeted the same market-brides-the arrangement boosted
business as the three businesses referred and promoted each other.
Pounding the pavement for partners worked for 37-year-old Dawn Forrest Armstrong
. Her Phoenix company, K-OS Designs produces reflective stickers for motorcycle
and other helmets. Armstrong sought endorsement from national and international
safety organizations and used their testimonials in her marketing, giving her cr
edibility with prospects. The organizations also link to her Web site. The incre
ased traffic has resulted in double-digit increases in annual sales.
5. Find diamonds in your own backyard. Every time you reach out to customers, yo
u have an opportunity to reinforce your marketing message. By using vehicles you
already have, you can increase your outreach and get more business from existin
g customers. For example, turn monthly bills into opportunities to mail buying s
uggestions based on past purchases or to share good news about your company.
When Boston-based Palladion Services Inc. received a coveted write-up in The Bos
ton Globe, the company turned it into a promotional mailer. As a result of the c
ompany's reputation, built through its marketing and service, customers are ofte
n referred to Palladion. "When people make a referral, they want to be sure you'
re going to do the job well," explains partner and vice president Patrick Knight
, 36. "By showing them we received this positive coverage, we reinforced the fac
t that our reputation is well-earned."
Within your place of business, you may have ample opportunity to inexpensively r
each out to old and new customers. When Armstrong got her business started, she
had little budget for trade-show space. Instead, she attended motorcycle rallies
and handed out free samples of her product as a "gift" to those wearing or carr
ying their helmets.
"That started a dialogue about the product," she says. "I got great customer fee
dback and new ideas for a cost of about $50."
Marketing Mishaps
While there are plenty of ways to mess up a marketing campaign, new business own
ers typically fall prey to four particular pitfalls:
1. Saying too much: When you jam too many messages into any one marketing vehicl
e, you risk losing your audience entirely. Focus on one or two key messages for
each marketing effort.
2.Being inconsistent: If each piece of your print marketing materials looks as i
f it's from a different company, you're not likely to be effective.
3. Cutting your marketing budget first: When cash flow dips, it's more important
than ever to keep up your promotional efforts. Don't be tempted to make marketi
ng your first cut when it's time to slash expenditures.
4. Hiring a big agency with a small budget: Like most businesses, advertising, p
ublic relations and other marketing consulting agencies come in different sizes
and price points. If you need to hire help on a shoestring, look for a small to
midsized agency where your dollars and your business will be treated with the re
spect they deserve.
Theories on how to set a marketing budget range from a certain percentage of net
revenues to whatever is left after all the bills are paid. While there's no for
mula to tell you the "right" number, these guidelines can tell you whether you'r
e in the ballpark.
1. Check out your competitors. With a bit of sleuthing, you can discover how you
r competitors are reaching their customers and estimate their expenditures. If t
heir efforts appear to be working, you might consider matching their marketing d
ollars.
2. Find similar noncompeting businesses and find out what they're doing. Industr
y associations and even the Net are great ways to find people who do what you do
in noncompeting markets. You may be surprised that many business owners are eag
er to help each other-especially when they're not vying for the same customers.
3. Budget more for a start-up. It takes more effort-and often, more money-to mak
e a name for a new business.
4. Review your plan periodically and adjust your expenditures accordingly. Just
because you have a plan doesn't mean your expenses are written in stone. Be sure
to review how your marketing dollars and time are being spent to see what's wor
king and what needs to be modified.
The bottom line when it comes to your marketing budget is-well, your bottom line
. Be sure the amount you dedicate is going to be manageable for your business.
Marketing Mishaps to Avoid
While there are plenty of ways to mess up a marketing campaign, new business own
ers typically fall prey to four particular pitfalls:
1. Saying too much: When you jam too many messages into any one marketing vehicl
e, you risk losing your audience entirely. Focus on one or two key messages for
each marketing effort.
2.Being inconsistent: If each piece of your print marketing materials looks as i
f it's from a different company, you're not likely to be effective.
3. Cutting your marketing budget first: When cash flow dips, it's more important
than ever to keep up your promotional efforts. Don't be tempted to make marketi
ng your first cut when it's time to slash expenditures.
4. Hiring a big agency with a small budget: Like most businesses, advertising, p
ublic relations and other marketing consulting agencies come in different sizes
and price points. If you need to hire help on a shoestring, look for a small to
midsized agency where your dollars and your business will be treated with the re
spect they deserve.
Gwen Moran helps small businesses with marketing through consulting and writing.
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l ads, and in the newspaper, advertisements for the 8minuteDating events drove a
ttendance. Jaffee's 8minuteDating has grown tenfold in the past year. He hasn't
measured exactly how much of the growth can be credited to TPI, but he thinks it
's significant.
Jaffee believes the alliance has been a success because each company made it a p
riority. "We shared a goal that was critical to the success of both businesses,
to reach more people in our target market," he says.
Now the two companies are going further, with TPI appearing on the 8minuteDating
Web site. More joint activities are being planned. "A partnership in stages mak
es a lot of sense," explains Emer Dooley, a business professor at the University
of Washington, Seattle. "Once the two organizations start working together, the
y can see how well they operate as a team, if their joint objectives are being m
et, etc. From there, they can add layers or activities to benefit both."
"The beauty of our alliance is that it can expand with 8minuteDating's growth,"
says Segel. "Every time they start events in a new city, TPI will already be the
re with our personal ads in the newspapers. Talk about a match made in heaven."
While some entrepreneurs find a partner through serendipity, others take a much
more studied approach. Nancy Michaels, president of the Lexington, Massachusetts
, consulting company Impression Impact, was casting about for a place to offer h
er small-business seminar, "Creative Marketing Strategies." After some research,
she saw that Office Depot was trying to differentiate itself from competing off
ice-supply chains. "Just looking at the Office Depot Web site, you can see they
want to add value to their small-business customers," says Michaels, 39. "They w
ant to provide knowledge and expertise."
As an entrepreneur, Michaels lives by one rule: Go to the highest-ranking person
in an organization for a decision. So when she came up with the idea to give se
minars in the Office Depot retail space, she decided to speak to Office Depot CE
O Bruce Nelson. But how does a small-business owner meet with a captain of indus
try? In Michaels' case, by bidding a thousand dollars at a charity auction in Ja
nuary of this year to have lunch with him.
Michaels heard Nelson speak at an event set up by the Women's Business Enterpris
e Council (WBENC) and Office Depot in Boca Raton, Florida. At the event's silent
auction fund-raiser, she bid $1,050 for lunch with Nelson.
At the ensuing lunch two months later, Michaels pitched Nelson on her idea: She'
d give small-business seminars at Office Depot retail sites. Offering business c
lasses could make Office Depot a regular destination for more current and potent
ial customers each week. Attendees would be charged a small fee for the class an
d given in excess of that value in Office Depot coupons, another incentive to bu
y in the store.
Starting at the top worked. From her meeting with CEO Nelson, Michaels then met
Office Depot president of North American stores Jerry Colley and worked out a ve
rbal agreement to test the in-store seminars. "The key to selling the idea of an
alliance is doing your homework," says Ian MacMillan, professor of management a
t the University of Pennsylvania's Wharton School in Philadelphia. "Spend time g
etting to know all your putative partners, then carefully target the potential p
artner that best fits your needs. Then spend time putting together a professiona
l pitch showing why the two of you fit."
Jeff Brown, the 43-year-old CEO of Seattle's RadioFrame Networks, takes a differ
ent approach. He says a great alliance is all about matching corporate cultures.
"Two companies can have a common goal, but if they approach it in different way
s, both can get incredibly frustrated," he explains. "We were lucky and found a
partner who approached things just like we did."
It all started when Brown and RadioFrame founder Rob Mechaley, 52, saw the frust
ration of people who had to run to the window to make cell phone calls at confer
ences. They figured installing radio transmitters inside buildings would make ce
ll phone signals clearer, take the load off the local cell phone tower, and pave
the way for a wireless LAN inside the building as well.
Before the partners built the system, though, they wanted to make sure someone w
ould buy it. RadioFrame then focused on Nextel as a potential customer because N
extel didn't have as much network capacity as some other telecommunications carr
iers, and would therefore value the additional bandwidth that the indoor radio t
ransmitters would provide.
Mechaley and Brown had previously worked for McCaw Cellular and knew some former
colleagues who had gone to work for Nextel. Those colleagues helped them find t
he decision-makers in Nextel's technology area. By 2000, just a few months after
RadioFrame was founded, the team had already drawn up a bill of materials to sh
ow Nextel how much the system would cost and a general technical plan of how the
y would create it.
Fortunately, the managers at Nextel were so intrigued by the idea, they decided
they would not only buy the finished product, but would also help RadioFrame cre
ate it. The two companies were eager to work together, so even before the contra
ct was signed in April 2001, engineers were flying between the Reston, Virginia,
headquarters of Nextel and Radio-Frame in Washington state.
Nextel offered up senior engineers and product planners with suggestions on the
features customers would want. After initial development at RadioFrame, the team
flew back to the East Coast to test the product in Nextel's labs.
RadioFrame used its innovative business idea to enlist cash, infrastructure reso
urces and guaranteed sales--all from one source. From initial talks with Nextel
in mid-2000 to a product on the market at the end of 2001, RadioFrame now suppli
es systems to Nextel every month.
"We really worked hand-in-hand with Nextel, from user requirements to how to phy
sically get the finished product into their distribution systems," says Brown. "
When people from both companies refer to each other as we,' you know it's a close
relationship."
Find Your Match
Alliances can get you on the fast track to become more competitive. With a compl
ementary partner, your business can blend products, distribution, technical know
ledge, infrastructure or cash to propel you to a new level of success. The flexi
bility and power boost they provide can be a key strategic tool for today's entr
epreneurs. And the best part is that they can go wherever your ideas take them.
Consider This
Don't just check out your prospective partner's financials--check out their inte
grity. What have other companies' experiences been working with them?
Brainstorm as many potential pitfalls as you can. It's easy to imagine all the u
pside (but often not all the downside) scenarios.
Once you've found a partner, use a letter of intent to outline goals and objecti
ves. This document can clarify the project, and if it's not looking great, you c
an get out of the deal before you're in too deep.
Limit your own liability: Don't guarantee anything with personal assets.
In case things go sour, create a backup plan for your company to use your resour
ces another way or get your money back.
Monitor the work. Make sure whatever is supposed to be happening is happening. A
udit personally.
Get Some Answers
Questions to consider before finalizing an alliance, from Emer Dooley, who lectu
res on strategic management at the University of Washington:
What are everyone's objectives? There are three sets of objectives: yours, your
partners' and the alliance's. Figure out all three in advance and determine whet
her they're compatible.
Is it a great deal for both sides? Don't just negotiate to get the best for your
self. If the other side thinks the deal is unfair, they won't put much effort be
hind its success. Who's holding the reins? Know how dependent you will be on you
r partner. Negotiate a credible commitment so you're not subject to "hold up," w
the health club, on the golf course or with the person sitting next to them on a
plane. This fact alone should motivate you to place yourself in situations wher
e you can meet new people. As you feel more comfortable with this process, you'l
l find it easier to sit between strangers at business meetings or strike up a co
nversation with people at the spa.
It's important to find the time to leave your cave and meet other qualified busi
ness professionals regularly, or you'll never develop a prosperous word-of-mouth
-based business. Networking is a contact sport! If you don't develop effective r
elationships, you can't possibly create a powerful, diverse and reliable network
of contacts.
Ivan Misner is the founder and CEO of Business Network International(BNI), which
has more than 2,700 chapters throughout the world. He is also the author of fiv
e books, including his New York Times bestseller, Masters of Networking, as well
as Entrepreneur Press' forthcoming Masters of Success.
A good memory hook doesn't have to be funny, but it helps. A skin-care consultan
t once rose at a meeting I was attending and said: "If you have a face, you coul
d use my products. If you know someone who has a face, they could use my product
s." A lot of people remembered her because of her humor in describing her target
market. She went on to explain to everyone that her products were not just for
women, but for men, women and children--anyone with a face.
At a different meeting, a rotund fellow who owned a popular Italian restaurant s
tood up. While holding his belly out for all to view he exclaimed, "As you can s
ee, I'm a walking billboard for our pasta!" He proceeded to describe in mouth-wa
tering detail how his restaurant used only the finest cheeses, handmade pasta an
d a wonderful slow-cooked sauce made from the freshest ingredients. By the time
he was finished, all the people in the room were ready to finish their networkin
g in his restaurant.
And then there was the gentleman who stunned his networking group by saying: "Di
d you ever want to shoot a relative? Call me, I'm a photographer!"
Here are some other notable memory hooks I've had the privilege of being hooked
with over the years:
Chiropractor: "You'll feel fine when your spine's in line." Or, "We're always gl
ad to see you're back."
Dentist: "We cater to cowards." Or, "My filling station is downtown, where I put
the bite on decay."
Electrical contractor: "For your commercial and residential electrical needs give
us a call and we'll check out your shorts."
Hairdresser: "If your hair is not becoming to you, then you should be coming to
me."
Lawyer: "Before you turn to dust, see me for your will or trust."
Maternity-shop owner: "We carry everything for you but the baby."
Plumber: "Remember, a flush is always better than a full house."
Realtor: "I help people find a home--not a house, but a home. Not a place where
you live, but a place where you love to live."
Therapist: "I have the owner's manual for your mind."
Water filter representative: "Either buy a filter or be a filter."
I've always believed that memory hooks like these were money in the bank. One da
y, before starting a workshop I was giving in Glendale, California, for about 60
businesspeople, I watched as a young dentist stood up and gave his brief introd
uction to the assembled group: "I'm a dentist. I believe in the tooth, the whole
tooth and nothing but the tooth, so help me God." After everyone finished laugh
ing, he gave his name and phone number and sat down.
I realized this was the perfect opportunity to test my theory regarding people r
emembering memory hook presentations better than other presentations. So later i
n the morning, when I was talking to the group about the importance of well-thou
gh-out presentations, I asked for them all to stand. When they were all standing
, I asked them, on the count of three, to point to the person who believed in "t
he tooth, the whole tooth and nothing but the tooth, so help me God." Not much t
o my surprise, all 60 people pointed to the dentist, without hesitation!
If you take the time to develop good introductions at group events, people will
take notice. If you don't, you're losing a great opportunity to someone else who
will.
Ivan Misner is the founder and CEO of Business Network International(BNI), which
has more than 2,700 chapters throughout the world. He is also the author of fiv
e books, including his New York Times bestseller, Masters of Networking, as well
as Entrepreneur Press' forthcoming Masters of Success.
Event sponsorship can get your business's name in front of your local community
and enhance your reputation as a concerned and caring neighbor.
Do You Have a Question?
Visit our Expert Center to ask our experts your most pressing business questions
.
Promotional items (such as pens, pencils, coffee cups and mouse pads) printed wi
th your company logo can help customers and prospects remember who you are and w
hat you offer.
Free link exchanges with other Web sites bring visitors from other Web sites to
yours.
Search engines can get your Web site at the top of a user search. Register with
Google, AltaVista and other successful search engines to place your business fir
st.
Plan Your Campaign
If you employ these marketing efforts and determine that your business still nee
ds the boost of paid advertising, consider the following steps to plan your camp
aign:
Clearly identify your target audience. Categorize your customer database and pro
spects demographically; determine age, sex, marital status, profession, geograph
ic region and so on. Who are you trying to reach? Where are they? Why is your pr
oduct or service right for them?
Define your message to reach your audience most effectively. Use your customer d
emographics to target your message. Keep in mind that a "tastes great" message a
ppeals to one type of audience, while "less filling" strikes a chord with anothe
r. Focus your message.
Calculate your advertising budget. Many companies allocate 10 to 25 percent of t
heir gross revenues for advertising, which includes ad design, production and me
dia placement. Determine what you want to accomplish first, then set the right b
udget that works for your business.
Select your best medium. Once you define your audience, create your message and
calculate your budget, you need to select the right medium, which can include: p
rint (newspapers, magazines or the Yellow Pages), broadcast (radio and televisio
n), online (Internet, Web sites and search engines), direct mail (brochures, pos
tcards or anything mailed to customers and prospects) and outdoor (billboards an
d transit). Often, a combination of media will serve your purposes best.
Measure your results. After you begin to advertise, you should get a sense of it
s effectiveness. Does your in-store or online traffic increase after your ads ru
n? Do your customers bring in copies of your ads and request the merchandise pic
tured? Ask your customers where and how they heard about you. This will help you
evaluate what you advertised, as well as the effectiveness of your messages, yo
ur media selections and your expenditures.
Once you decide you want to advertise, consider what media are available and how
they can benefit your business:
Online advertising includes banner ads, pay-per-click search engines, as well as
online classified and standard ads. Online advertising is most effective when y
our ad appears on Internet Web sites that are compatible with your products and
services and reach the same audience you want to reach.
Newspapers, particularly local and regional publications with smaller circulatio
ns, can be an affordable and effective advertising medium. If you want to reach
the largest audience, Sundays offer increased circulation, but that day will pro
bably cost more. And if you sell a food or grocery product, you might select the
day the paper publishes its food section.
Yellow Pages advertising is particularly effective when a prospect in your commu
nity looks for a business in your category. Appearing in the Yellow Pages can pu
t you top-of-mind with a prospect.
Magazine advertising can provide a very targeted audience. Where newspapers prov
ide general information, magazines can be more focused. (Sports, fashion, electr
onics and the like all have dedicated magazines.)
Direct mail brochures, postcards and mailers can be very effective if you target yo
r audience and mail your brochures or postcards frequently. Lists are available
by demographics and geographic locations from professional list brokers. If you
open a small retail establishment, you may want to send a mailer with dollars-of
f coupons to all households within a 2 mile radius of your store. You can easily
measure the effectiveness of the mailer when customers come in to redeem their
coupons.
Radio lets your message reach a larger, more general audience. You might want to
buy several radio spots and group them together to ensure that the listener ret
ains your message and name. Radio stations can also help you produce a spot.
TV reaches a larger audience than any other medium and is usually the most costl
y. For small businesses, network television advertising can often be prohibitive
. However, small businesses can reach a targeted market by advertising on local
cable channels. Just remember that repetition is the key. You want your TV spot
to run at least five to seven times, but preferably more. And since producing a
TV spot can be very expensive, cable systems usually have production capabilitie
s and can offer small businesses the advantage of a professionally produced spot
at an affordable cost.
Promoting your business is not just about advertising. Marketing the right produ
ct at the right price to the right market segment at the right time, in addition
to public relations, are both important elements to your overall business mix.
Conduct your advertising research first and then set a realistic budget. Make ce
rtain your media choices reach your target markets, meet your business objective
s and fit your budget. Get the message to your customers that you have products
and services that will meet their needs. Communicate that you want their busines
s. The most effective methods and media depend upon your products, your target c
ustomers and your creativity.
Cardservice International Senior Vice President of Sales John Burtzloff is in ch
arge of sales strategy and execution and thus is responsible for managing all as
pects of the company's marketing, communications, telesales, check guarantee, ne
w accounts and sales support activities.
ere are many people that your members can meet. However, it can also be a proble
m because it's very easy to get lost in the crowd with so many people involved.
There are several things you can do to make a large group's networking efforts m
ore effective. If you have a speaker and there are tables around the room, you c
an use the tables as the focal point for networking exercises. Ask everyone to s
it down and do a 60-second introduction at their table. Depending on whether a d
inner is involved, you would even be able to have everyone switch tables at leas
t once, move to another table and repeat the process. I've been at several large
networking events (with as many as 500 people) where this process worked incred
ibly well because it was very well-orchestrated.
It's important with this technique to ask people to sit at tables where they don
't already know the majority of other people. That helps to ensure that people a
re really networking rather than simply sitting with their friends.
It's also good to add something to the mix from time to time. For example, you m
ight instruct everyone to include in their introduction some other businesses th
at they are currently looking for, or trends that are occurring in their industr
y or any other point of interest that breaks up the routine a little bit.
If you don't have tables for people to use as a focal point for smaller networki
ng opportunities, there are a number of things you can do for larger group-netwo
rking situations. One of my favorites is "business card bingo." This is how it w
orks:
First, as you enter the room, you drop your business card in the "bingo box," as
does everyone else. You are then given a "bingo card," and you write your name
in the center square.
Next, you circulate with everyone throughout the room. To complete the card, you
need to meet 24 other people, collect their business cards and have them write
their names in the open squares.
Later, someone calls off the names on the business cards that everyone dropped i
n the bingo box when they arrived. Regular bingo rules apply thereafter. The win
ner is the first person with five names in a row, either across, down or diagona
lly. This person receives one of the many door prizes that are often given at th
ese events. Of course, everybody really wins, because everyone makes new contact
s through the process.
The bottom line here is that as the networking group leader, it's important for
you to provide exercises and activities that get people to actually network. I h
ave found that people, like water, tend to seek the path of least resistance. Wi
thout some structured activities at networking events, they will often do what i
s easiest, not what's best. Therefore, it's very important that you offer exerci
ses and activities that remind them that it's not called "netSIT" or "netEAT; it
's called "netWORK," and in order to have a successful networking event, your me
mbers need to "work" the network.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
Though a range of experts have written books on adding value to your business, v
ery few are readable and useful. Paco Underhill's Why We Buy: The Science of Sho
pping(Touchstone Books), which gives some suggestions about offering value to co
nsumers, is an exception. Well-reported and lively, it mixes readable prose and
useful tips. Other useful books include Al and Laura Reis' The 22 Immutable Laws
of Branding(HarperCollins) and Jack Trout's Differentiate or Die(John Wiley & S
ons).
Joshua Kurlantzick is a writer in Washington, DC.
with the people around you. The two of you begin to communicate and establish l
inks--perhaps a question or two over the phone about product availability. You m
ay become personally acquainted and work on a first-name basis, but you know lit
tle about each other. A combination of many such relationships forms a casual-co
ntact network, a sort of de facto association based on one or more shared intere
sts.
The visibility phase is important because it creates recognition and awareness.
The greater your visibility, the more widely known you will be, the more informa
tion you will obtain about others, the more opportunities you will be exposed to
, and the greater will be your chances of being accepted by other individuals or
groups as someone to whom they can or should refer business. Visibility must be
actively maintained and developed; without it, you cannot move on to the next l
evel, credibility.
Credibility is the quality of being reliable, worthy of confidence. Once you and
your new acquaintance begin to form expectations of each other--and the expecta
tions are fulfilled--your relationship can enter the credibility stage. If each
person is confident of gaining satisfaction from the relationship, then it will
continue to strengthen.
Credibility grows when appointments are kept, promises are acted upon, facts are
verified and services are rendered. The old saying that results speak louder th
an words is true. This is very important. Failure to live up to expectations--to
keep both explicit and implicit promises--can kill a budding relationship befor
e it breaks through the ground and can create visibility of a kind you don't wan
t.
To determine how credible you are, people often turn to third parties. They ask
someone they know who has known you longer, perhaps done business with you. Will
she vouch for you? Are you honest? Are your products and services effective? Ar
e you someone who can be counted on in a crunch?
The mature relationship, whether business or personal, can be defined in terms o
f its "profitability." Is it mutually rewarding? Do both partners gain satisfact
ion from it? Does it maintain itself by providing benefits to both? If it doesn'
t profit both partners to keep it going, it probably will not endure.
The time it takes to pass through the phases of a developing relationship is hig
hly variable. It's not always easy to determine when profitability has been achi
eved--a week? A month? One year? In a time of urgent need, you and a client may
proceed from visibility to credibility overnight. The same is true of profitabil
ity; it may happen quickly, or it may take years--most likely, somewhere in betw
een. It depends on the frequency and quality of the contacts, and especially on
the desire of both parties to move the relationship forward.
Shortsightedness can impede full development of the relationship. Perhaps you're
a customer who has done business with a certain vendor off and on for several m
onths, but to save pennies you keep hunting around for the lowest price, ignorin
g the value this vendor provides in terms of service, hours, goodwill and reliab
ility. Are you really profiting from the relationship, or are you stunting its g
rowth? Perhaps if you gave this vendor all your business, you could work out ter
ms that would benefit both of you. Profitability is not found by bargain hunting
. It must be cultivated, and, like farming, it takes patience.
Visibility and credibility are important in the relationship-building stages of
the referral marketing process. But when you have established an effective refer
ral-generation system, you will have entered the profitability stage of your rel
ationships with many people--the people who send you referrals and the customers
you recruit as a result. All this is critical to successful relationship market
ing and networking.
Ivan Misner is the founder and CEO of Business Network International(BNI), which
has more than 2,700 chapters throughout the world. He is also the author of fiv
e books, including his New York Times bestseller, Masters of Networking, as well
as Entrepreneur Press' forthcoming Masters of Success.
oking for? The announcement of a new business, a new product, a recent accomplis
hment or a philanthropic endeavor?
1.
Identify the "whom" and "where" of the individuals you're wanting to rea
ch. This includes age group, annual income and profession, as well as the geogra
phics of where they reside, play, shop and work.
2.
Identify the media that this group of would-be prospects would normally
read, watch and be exposed to. Compile a list of magazines, newspapers, radio an
d TV programming. Identify the associations and organizations that they belong t
o and participate in.
3.
Write (or have someone write for you) a short press release that explain
s what your business does better than anyone else in your area of expertise or w
hat you want to announce.
4.
Write down on three index cards what your three most powerful benefits a
re if someone were to use your products, services and solutions. You'll need thi
s when you talk to anyone from the media.
5.
Consider going online to www.bacons.com and purchasing the media contact
list that applies to your product, marketplace, demographics and geographic ter
ritory of your target audience. Note: Bacon's has it all: print, radio and TV. I
f you'd like, for a small fee, they will actually send your press material out t
o the media list you specify! I love one-stop shops, don't you?
6.
Go to the library and find the Directory of Associations. Use it to pick
the associations and organizations that most of your potential prospects probab
ly belong to. For example, if you have a product for refinishing and protecting
furniture, then the American Furniture Builders Association may make sense.
7.
Write or have written for you a short 800to 1,000-word article on a topi
c that you are an expert on that directly relates to your product, service and/o
r solution.
8.
Send your press release to the contacts on your list, which you either p
urchased from Bacon's or compiled at the library. Wait five business days and th
en call the recipients of your press release. Have your index cards handy so you
can put your best foot forward and get the contact interested in what you've go
t to offer. If you don't make contact, leave a voice-mail message. Just make sur
e you follow up--the key here is to be persistent in an appropriate way.
9.
As you're following up on your press release, you'll also need to send y
our article out to the associations and organizations you identified in step 7.
Here again you'll need to call and follow up.
According to experts, you should be prepared to endure seven attempts to make co
ntact with media representatives in print, radio and TV. You will notice, howeve
r, that if you take the time and energy to spend a little of your hard-earned ca
sh on PR, your business will grow and prosper during the times when others are m
erely surviving.
Tony Parinello is the author of the bestselling book Selling to VITO, the Very I
mportant Top Officer. For additional information on his speeches and his newest
book, Secrets of VITO, call (800) 777-VITO or visit www.sellingtovito.com.
loyal customers. In the long run, those people are more likely to bring in the d
ollars you need to grow your business--and get you a piece of that proverbial "p
ie."
Karen E. Spaeder is editor of Entrepreneur.com and managing editor ofEntrepreneu
r magazine.
rs of commerce are also good targets, but so are all the service clubs that need
luncheon speakers. Speaking is free, and it's just like making a sales call to
many people at one time.
Free reports: Offering a free report online is a good way to get an e-mail from
prospects so you may market to them later. This is the whole basis of permission
-based marketing, or opt-in lists. You can do the same thing offline. If you're
doing a postcard campaign and you offer a free report, you can get an instant ap
pointment from the postcard or at least a phone call. You can increase the respo
nse of a direct-mail program from 1 percent to double-digit percentage returns.
The free reports can be a dressed-up article, a list, a survey that you've done
or some research-based information. Use your imagination here.
Radio: Radio is expensive, you say? Not if you are being interviewed or calling
in on a talk show. Getting interviewed is free, except for your continual follow
-up with producers. Calling in is free, but sometimes it's hard to relay contact
information. Both of these work, especially when supplemented with other market
ing strategies.
Online forum participation: There are many online newsgroups or forums for a par
ticular subject area. Participating in these is another way to get your name out
. Advertising is not usually permitted. Participating by answering and asking qu
estions will position you as an expert and a resource for others. Many online fo
rums will let you put an e-mail signature with a link to your site or message wi
th another site linked. Take full advantage of this; these links get clicked oft
en when of interest to the forum participants.
Letters to the editor: A little-known secret that's a good follow-up to a press
release is a letter to an editor. This is free PR. Many times a letter to the ed
itor has a better chance of getting published than the actual press release. Som
etimes you'll get a press release published with editorial comments from the edi
tor. The letter to the editor is a great place to respond to editorial comments
as well as to further state a position. You'd be surprised how many people read
this column in publications. This is also another way to become friends with the
editor. If they see you enough and match you with a newsworthy press release, t
hen your chances of getting a press release in print increases.
These are just some of the many free PR avenues that can increase the top-of-min
d awareness with your target customers and prospects. As always, it's best to do
this as part of an overall marketing plan with measurement and follow-up.
Alfred J. Lautenslager is an award-winning marketing and PR consultant, direct-m
ail promotion specialist, principle of marketing consulting firm Marketing Now,
and president and owner of The Ink Well, a commercial printing and mailing compa
ny in Wheaton, Illinois. Visit his websites at www.market-for-profits.comand www
.1-800-inkwell.com, or e-mail him at al@market-for-profits.com.
URL: http://www.entrepreneur.com/marketing/networking/article62838.html
Q: What's the difference between a lead and a referral?
A: A lead is a contact that may come from any number of sources. This contact is
generally not expecting your call. For example, if someone gave an insurance ag
ent a list of people who just bought new homes, that might be considered a good
set of leads. Unfortunately, because the prospects are not expecting a call from
the agent, it's basically not much better than a cold-call.
However, a referral is the opportunity to do business with someone in the market
to buy your product or service who's been told about you by a mutual friend or
associate. In other words, when you contact them, they already know who you are
and what you do. It is stronger than just a lead because the prospect has talked
to your mutual acquaintance and is generally expecting the call. Hence, they ar
e referred.
Once a referral source has given you the name of a person to call, it's up to yo
u to do the rest. A referral is better than a lead because you can use the name
of the referral source to open the door. What more could you hope for? Actually,
there is quite a bit more you can expect from referral sources that have been p
roperly developed.
There are many different shades of referrals. According to material developed by
the Certified Networker Program, there are at least 16 shades, or levels, of a
referral.
The shades of a referral vary in quality according to how much involvement your
referral source has invested in preparing the referral for you. The more time an
d effort your referral source puts into qualifying, educating and encouraging th
e prospect before you become involved, the higher the quality the referral shoul
d be. Conversely, if your referral source only passes a prospect's name to you,
most of the work of developing that prospect into a customer falls on you, and t
he likelihood of turning that prospect into a customer diminishes significantly.
Of course, the effectiveness of your referral network in providing you with qual
ity referrals depends on the amount of work you do to develop the sources in you
r network. There are many ways to encourage your referral sources to become acti
ve and enthusiastic members of your marketing team. These efforts determine the
shade of the referrals you will receive over time.
The shades of a referral can range from merely receiving the name of a prospect
to obtaining a referral that is a customer waiting to make a purchase. Here are
three examples that are fairly representative of the broad range of potential re
ferrals you can develop with your referral sources over time:
Referral Shade No. 1: You are authorized to use someone's name. Once referral so
urces have authorized you to use their name, you can feel fairly certain that yo
u've established a good level of credibility with them. By allowing you to say t
hat he or she endorses your product or service, your source has given you valuab
le leverage with the prospects that know them; however, the problem with this sh
ade of referral is that the work of developing the prospect still rests with you
. Once you've conveyed that your mutual contact recommends you and your business
, the task of selling really begins.
Referral Shade No. 2: A meeting is arranged. Your referral source moves beyond t
he role of a promoter to that of a facilitator. He or she takes the responsibili
ty of working out the details of getting you and the prospect together so you ma
y discuss the business opportunity further.
Referral Shade No. 3: The deal is closed. In this scenario, the sale is closed b
efore you even contact the prospect. On the strength of your referral source's e
fforts, nothing else is required from you except to deliver the product or servi
ce and collect the payment. This is the strongest of all referral shades and is
indicative of a networker who has cultivated a strong relationship with his refe
rral source.
A referral is almost always better than a lead. But don't forget that there are
many shades of a referral, and the development of those shades depends on the de
velopment of the relationships that you nurture. The key in developing long-term
referrals rests with the relationships you develop. The information, support an
d referrals that you assemble will be based on your relationships with the other
individuals and businesses you know.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
esults to larger groups. Focus groups and personal interviews fall under the hea
ding of qualitative research, which is more subjective and uses a smaller number
of sample subjects.
Often, a combination of quantitative and qualitative research works best. Suppos
e you've just created a new product--an educational puzzle for children. You cou
ld start testing it with an online survey conducted among a sample base of paren
ts with children in the proper age group. Then you could move on to informal foc
us groups. Rather than use a focus group facility and professional moderator, yo
u could get the necessary qualitative information by inviting groups of parents
and children to your home or office to play with your new toy. That way you coul
d ask questions and observe consumer reaction at the same time with very little
cost.
Or let's say you own a store that specializes in speedy delivery of window shade
s and blinds and are considering adding custom curtain design to your list of se
rvices. You could start with a survey of your current customers, focused on whet
her or not they'd be interested in the new service. This could be as simple as a
sking customers a question or two when they come into the store, or you could cr
eate a formal questionnaire. If you got a positive response, your next step migh
t be telephone interviews with a sample base drawn from your targeted prospect g
roup.
Find Qualified Help
To find a qualified research firm, visit www.quirks.com. This site provides a se
archable database of companies that specialize in a broad spectrum of research t
ypes, including Web-based surveys, which are increasingly replacing phone, mall
intercept and mail surveys, thanks to their quick turnaround time and dramatical
ly lower costs.
In all, there's an effective form of research to suit every need. So to make sur
e your latest and greatest idea is the winner you're hoping for, put it to the t
est.
Kim T. Gordon is an author, marketing coach and media spokesperson-and one of th
e country's foremost experts on entrepreneurial success. Her newest book, Bringi
ng Home The Business, identifies the 30 "truths" that can make the difference be
tween success and failure in a homebased business. Kim offers one-on-one coachin
g by telephone to motivated individuals, providing practical marketing advice an
d budget-conscious strategies unique to your business. To receive free how-to ar
ticles and advice, get information on coaching and appearances, read a book exce
rpt, or contact Kim, visit http://www.smallbusinessnow.com, a huge site devoted
exclusively to marketing your small business.
With a retail business, you want your "news" or PR information to appeal to cons
umers, not necessarily other businesses or investors. Consumers are usually attr
acted to retail businesses because of something they've heard or seen. They coul
d have been referred, they might have responded to a coupon, or perhaps they dro
ve by and saw your sign. Using PR to enhance all these things is the key to spre
ading the word and getting more business.
Florist shops, and really any retail business, have the advantage of being able
to tie into holidays. The spirit of gift-giving does wonders for retail gift buy
ing and marketing, and there's always an event to tie into. Doing something uniq
ue--above and beyond just a standard gift-giving theme--will further accelerate
PR. Special-interest articles on relevant topics--such as "The History of Valent
ine's Day" or "How the Christmas Poinsettia Came to Be So Popular"--can provide
newsworthy angles. Feeding the news community with this information positions yo
ur business not only as the resource for information related to holidays, but al
so as the place to shop for the respective gifts.
Other PR strategies perfect for retailers are those related to events or contest
s. The event could be an open house, or a "meet the expert," "meet the mayor" or
"meet the press" event. Contests could be simple things, such as guessing the n
umber of roses in a car or predicting the day the last petal will fall off the r
ose. Another idea might be for customers to come in and guess the flower by its
smell and get 25 percent off their order. These suggestions may sound corny, but
hopefully they'll get your imaginative juices flowing.
Since we're discussing the florist business here, a how-to session is another ne
wsworthy PR event. Classes on flower arranging, flower pressing, rose garden gro
wing and so on come to mind. These can be listed in the newspaper's list of comm
unity events, getting your name in front of prospective customers.
Community and philanthropic events are newsworthy, too. For example, get the wor
d out that for every rose purchased for Valentine's Day, your business will dona
te one dollar to the American Heart Association. Or let customers know if your b
usiness is donating flowers to the local church for the 100th Sunday in a row.
Establishing relationships with local reporters and editors will enhance your op
portunity to turn these newsworthy ideas into published news. Just like any othe
r PR, making your story, information or event as newsworthy as possible will get
editors' attention and separate you from a "me too" competitor. This type of PR
, however, is just one marketing weapon and should supplement all the other mark
eting you do at the same time. For instance, supplement your PR efforts with sig
nage, radio ads, newspaper ads, Yellow Pages advertising, displays, coupons, sal
es, packaging and overwhelming customer service.
At the end of the day, good PR will come from the very basics of all PR--whether
that business is retail-, manufacturing-, serviceor nonprofit-oriented. Those b
asics are the press release, a newsworthy angle to a story and a relationship wi
th an editor. Marketing is made up of many, many things--and one of those things
is simple PR.
Alfred J. Lautenslager is an award-winning marketing and PR consultant, direct-m
ail promotion specialist, principle of marketing consulting firm Marketing Now,
and president and owner of The Ink Well, a commercial printing and mailing compa
ny in Wheaton, Illinois. Visit his Web sites at http://www.market-for-profits.co
m and http://www.1-800-inkwell.com, or e-mail him at al@market-for-profits.com.
Choose a card style that's appropriate for your business, industry and personal
style. If you're a funeral director, you don't want to be caught handing out day
-glow cards with cartoon figures on them. If you're a mechanic whose specialty i
s converting old Beetles into dune buggies, a formal, black-on-white engraved ca
rd will probably be drooped into the nearest circular file. Start with the style
that best supports the business image you wish to project. Here are five differ
ent card styles for you to consider:
Basic cards: This is a good card style when utility is all you need. It's a no-n
onsense approach that can appeal to clients and prospects who would not be impre
ssed by fancy design features--the people who want "just the facts, ma'am." The
design is simple, and the information is clear and concise. A basic card is usua
lly printed in black ink on plain white or cream stock.
Picture cards: Having your face on your card--whether it's a photograph, a drawi
ng or a caricature--helps a contact remember you the next time she sees you. Ima
ges representing a product or services, or a benefit your business provides, can
help you communicate your business better than dozens of words. Color is often
helpful on a picture card, too.
Tactile cards: Some cards are distinguished not so much by how they look as by h
ow they feel. They may use nonstandard materials, such as metal or wood, or have
unusual shapes, edges, folds or embossing. Tactile cards tend to be considerabl
y more expensive than regular cards because they use nonstandard production proc
esses such as die cuts.
Multipurpose cards: A card can do more than promote your name and business--it c
an also serve as a discount coupon, an appointment reminder or some other functi
on. It may also provide valuable information that the average person may need. F
or example, a hotel may include a map on the back of its card for any guests who
are walking around the vicinity. A card of any type can be made multipurpose by
adding these types of features.
Outside-the-box cards: A wildly original, fanciful or extravagant presentation c
an draw extra attention. Creativity knows no bounds--except the amount of money
you wish to spend. I've seen examples of these types of cards that were made of
chocolate or that folded out into a miniature box to keep small items in. One of
the most notable was a dentist's card that included a small compartment for den
tal floss to be pulled out. These are all examples of "outside-the-box" thinking
.
For more detailed descriptions of these and other types or categories of busines
s cards, take a look at the book It's in the Cards. In it, my co-authors and I r
eview more than 2,000 business cards from 10 countries and select more than 200
examples of some of the best, which are shown throughout the book in full-color.
I have one other recommendation about networking and business cards. If you coll
ect cards by the dozens at conferences, trade shows, mixers or sales meetings, y
ou may find that a card scanner is a huge timesaver. They generally come in palm
-sized devices and can be used anywhere there's electricity. They make an image
that can be downloaded onto your computer, where they can be read by your databa
se software. We used CardScan by Corex to track the thousands of cards we review
ed for our book. It's a great type of device for any master networker who needs
to manage his or her business cards.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
ships. The good news is, if you're good in your interview, you will be asked bac
k. You can also offer yourself as an emergency backup if a particular guest does
n't show or runs into a conflict.
Radio PR is there for the asking. Working and focusing on the asking will public
ize you and your business.
Alfred J. Lautenslager is an award-winning marketing and PR consultant, direct-m
ail promotion specialist, principle of marketing consulting firm Marketing Now,
and president and owner of The Ink Well, a commercial printing and mailing compa
ny in Wheaton, Illinois. Visit his Web sites at http://www.market-for-profits.co
mand http://www.1-800-inkwell.com, or e-mail him at al@market-for-profits.com.
ice versa. Partnering with them can help you both get it faster by dividing the
research effort.
People who are in your profession: As a rule, your best information sources will
be people who are doing successfully what you want to do (perhaps in a differen
t location or serving a different clientele). They will be aware of current tren
ds and issues in your field and may have already faced some of the challenges yo
u are now facing. Try to identify and speak with three to five individuals who f
it this category. They will have current directories, manuals and information ab
out upcoming events related to your profession, as well as relationships with ve
ndors you may need to hire.
People who were in your profession: Find out why these people are no longer in t
he profession. What happened to their business? What are they doing now? Did the
y make the right decision to leave the profession? Talk with those who were succ
essful and those who were not. Depending on the industry and the length of time
the person has been away from it, this information may be valuable in helping yo
u plan.
Authors: People who write or produce books, articles, audiotapes and videotapes
on your profession are key subject experts. They usually have broad or deep know
ledge about procedures, systems, technologies, tactics and developments in your
field. A few tips from these individuals could save you money and time.
Regulators: People who regulate, audit or monitor professionals in your field ca
n certainly tell you stories about the legal, procedural and operational pitfall
s that you might run into and probably know how to survive them. You may even di
scover legal loopholes that can make life and business easier.
Trainers: The wonderful thing about trainers is that they specialize in impartin
g knowledge. They help people understand the basics; they introduce new technolo
gies, procedures and techniques. Try to gain access to their training materials;
if necessary, sign up for training sessions.
Consultants: Professionals use advisors and consultants to help them solve probl
ems that they find difficult to handle alone or deal with impending change. Some
consultants are generalists, while others are specialists. Most are skilled in
assessing problems.
Members of professional organizations: People who are active members of trade, b
usiness and professional organizations are prolific sources of information. Thei
r membership gives them access to directories, newsletters, seminars, presentati
ons, calendars of events and more. By networking, they stay in touch with indust
ry issues and trends. Spending time with them will help you discover new ways to
do things.
Step 2: Identify your information network members.
Using the Information Network Component Tool here, first write the names of peo
ple you know, or know of, who fit each category. Write as many names as you can
think of before you do anything else; try to name at least three people in each
category. If necessary, you can use a name in more than one category, but it's b
etter to come up with as many individuals as possible. Remember, it's informatio
n you're after, and more people means more information. Once you've written down
as many names as you can think of, go back and fill in the contact information
for each one.
When you've completed as much of this as you can, start connecting with these pe
ople to enhance and improve your knowledge network. As you do this, your network
and the information you need to build your business will expand and grow.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
ellow Pages. I do not suggest that you buy an ad in the Yellow Pages at this tim
e.
Nicknamed "the Wizard of Ads" by an early client, Roy H. Williams and his staff
have often been the unseen, pivotal force in amazing come-from-behind victories
in the worlds of business, politics, and finance. Williams is the author ofThe
Wizard of Ads, Secret Formulas of the Wizard of Ads, Magical Worlds of the Wizar
d of Ads, Accidental MagicandFree the Beagle.
ocess of agriculture. Their marketing plans are the seeds they plant. Their mark
eting activities are the nourishment they give to each plant. Their profits are
the harvest they reap. They know those profits don't come in a short time. But c
ome they do if you start with a plan and commit to it the real secret of successfu
l marketing during rugged economic times.
Guerrillas know that many companies have scrubbed or reduced their marketing bud
gets to combat tough times and that I will cost those firms three dollars for ev
ery dollar formerly spent to reach the same level of consumer recognition and sh
are of mind they previously enjoyed.
"In a dog-eat-dog economy, the Doberman is boss," said Edward Abbey, the author
and naturalist. In this regard, the Doberman and the guerrilla have a lot in com
mon.
Guerrillas know that they must seek profits from their current customers. They w
orship at the shrine of customer follow-up. They are world-class experts at gett
ing their customers to expand the size of their purchases. Because the cost of s
elling to a brand-new customer is six times higher than selling to an existing c
ustomer, guerrilla marketers turn their gaze from strangers to friends.
This reduces the cost of marketing while reinforcing the customer relationship.
To guerrillas, follow-up means marketing to some of the most cherished citizens
of planet Earth their customers.
When your customers are confronted with their daily blizzard of junk mail and un
wanted e-mail, your mailing piece won't be scrapped with the others, and your email won't be instantly deleted. After all, these folks know you, identify with
you, trust you. So they'll be delighted to purchase or at least check out that new p
roduct or service you're offering. They'll always be inclined to buy from a comp
any they've patronized.
In an ugly economy, the telephone is a remarkably effective follow-up weapon. Do
n't use the phone to follow up all of your mailings to customers, but research p
roved that it will always boost your sales and profits. Sure, telephone follow-u
p is a tough task. But it works. Anyhow, no one ever said that guerrilla marketi
ng is a piece of cake.
E-mail ranks up there with the telephone, possibly even out outranking it. It's
inexpensive. It's fast. It lets you prove that you really care. It helps strengt
hen your relationship.
Lean upon your website as well. Instead of telling your whole story with other m
arketing, use that other marketing to direct people to your site. Then, use the
site to give a lot of information and advance the sale to consummation. A key to
online success is creating a brief and enticing e-mail that directs readers to
a website that give enough information for a person to make an intelligent purch
ase decision.
Guerrillas are able to think of additional products and services that can establ
ish new sources of profits to them. In any kind of economy, they are on the aler
t for strategic alliances fusing marketing efforts with others. This kind of coope
rative marketing makes sense at all times, but makes the most sense during tough
times, when companies must market aggressively while reducing their marketing i
nvestment.
In gloomy economic days, when everything else seems to be shrinking, think in te
rms of expanding your offerings. Do absolutely everything you can to motivate cu
stomers to expand the size of their purchase. Prove that buying right now is a s
hrewd move because of the tough times.
In marketing to customers and to non-customers, show that you are fully aware of
the economic situation and that you have priced your goods and services accordi
ngly. Even though your marketing is always truthful, exert even more of an effor
t during bad times to make it sound truthful. Candid language is a powerful weap
on. Admit that times are tough; admit that people must be extra careful when buy
ing things; explain that you're fully aware of the economy and are taking specia
l steps because of it.
The Internet and your bookstore are teeming with a treasure trove of marketing t
actics that can help you weather the toughest of times. But learning about them
is only half the battle. When you begin putting them into practice, you'll assur
e that the real tough times are those faces by your competition.
Jay Conrad Levinson is the author of the Guerrilla Marketing series of books, no
w in 39 languages. His latest venture is his online text and video report, Guerr
illa Marketing Bombshells.
On Location
Making your business the star of the big screen could mean big bucks and local
exposure.
By Nichole L. Torres | Entrepreneur Magazine December 2003
URL: http://www.entrepreneur.com/marketing/marketingideas/article65552.html
When Steven and Scott Parker rented out Watson Drugs, their 1950s-era drugstore
and soda fountain, to the Hollywood film community, it was more than a favor. Fo
r this father-and-son team, permitting Tom Hanks and his crew to film the 1996 m
ovie That Thing You Do! in their Orange, California, establishment was a way to
keep their business alive.
No strangers to filming, Steven, 43, and Scott, 60, had allowed both TV and film
to be shot within their vintage walls since Scott purchased the store in the 19
70s. "When [Hanks' crew] filmed here, we were having a really hard time keeping
our heads above water," says Scott. The rental fee paid by the production helped
get Watson Drugs over the rough spot. More important, the film drummed up susta
ined interest in the store and the local community. Today, wide-eyed tourists re
gularly visit Watson Drugs to the tune of more than $4 million in annual sales.
Business owners may think filming means nothing but inconvenience-noise, bright
lights and parking restrictions or street closures that drive customers away. Bu
t in reality, say experts, filming usually injects major funds into a local econ
omy. When Planet of the Apes was filmed in the Ridgecrest, California, area, it
contributed $3.4 million to the region.
To minimize inconvenience, businesses should communicate with film crews and loc
al film commissions before filming starts, says Kathleen A. Milnes, senior vice
president at the Entertainment Industry Development Corp. (EIDC) in Hollywood, C
alifornia. When crews want to film in the Los Angeles area, they first go to the
EIDC, which notifies the community and works to alleviate any concerns.
What if Hollywood knocks on your door wanting to film in your store? Do your hom
ework, says Ray Arthur, director of the Ridgecrest Regional Film Commission. Wor
k out a deal to secure specifics like times for crews to start and finish, with
a payment schedule for overtime and other contingencies. Local film commissions
can help you cover your bases and ensure the filming is a good experience. "Here
's a group of 100 to 200 people who, drop money on the ground for a few days and
leave," says Arthur. "You couldn't ask for a better industry to come to your to
wn."
if, and only if, the person you are calling has given you written permission to
call them. An electronic signature or e-mail is acceptable as written permission
.
There is an "established business relationship" exception to the Do Not Call reg
ulations. The regulations define this as anyone who has purchased your product o
r service within the past 18 months. This means that you may contact anyone (eve
n if they are on the registry) if your company has done business with them in th
e last year and a half.
For more information on how the Do Not Call Registry may apply to your business,
visit the registry's Information for Business page.
This new legislation is great news for any business that relies heavily on refer
rals and understands and follows the above procedures. For those of us who think
referrals are important, look at the new regulations this way--the U.S. governm
ent has just legislated something that makes referrals more important than ever
and cold-calling more difficult than ever. This should be a wake-up call for the
many companies out there who are still training their sales force to build thei
r business through telemarketing. Networking, relationship marketing and referra
ls are the wave of the future for doing business. If you want to be successful i
n today's business environment, it will be increasingly important to build skill
s in this area.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
promoter. When you have real news to communicate, editors will then ignore you
because of that reputation. Think news. Put yourself in the editor/reporter's sh
oes and the reader's shoes, and communicate newsworthy facts, not personal, prom
oting stories.
Don't put out a press release announcing a time-sensitive event the day beforeha
nd. Planning a publication and laying out a publication takes more time than ove
rnight. Even though you see yesterday's events communicated in today's newspaper
, it doesn't mean there was a happenstance layout with no prior planning done. E
ditors and copy editors have a place for breaking stories, event announcements a
nd general PR. Respect the fact that there is a degree of planning involved. Tur
n in any press releases related to time-sensitive events early enough so that an
editor can plan accordingly. Communicating information today about an event tom
orrow is not soon enough for most editors. Planning your own PR and associated p
ress releases must be part of your event, product launch or personnel planning.
Make sure that your publicity has a news angle to it. You now know editors hate
promotion. What they do like is news. Creating a newsworthy angle to anything in
creases the probability that something will get published. Sometimes just using
the word "news" in the headline of a press release will indicate that. Usually a
nything with a time or date associated with it is considered news. Think announc
ements, events, happenings and occasions.
Local angles to national stories are also considered news. These sometimes can b
e human-interest stories. The national story is more newsworthy and satisfies th
e news requirement of most editors. Anniversaries are news. Promotions in manage
ment are news. Seminar announcements are news. New product information is news.
Consider what readers want to read. Put yourself in their shoes. Some news doesn
't matter to the readership. This is where identifying your target market comes
in. You want to publicize in those places that are seen by your target market. I
f a particular publication doesn't necessarily reach your product market, there
is no reason to communicate your news. A business seminar announcement is of no
use to a gardening club. Reorganization in the largest business in town is of no
interest to sports junkies. Consider the publication; consider the readership;
consider what else is publicized in a particular publication.
Don't call the editor to see when your release might run. Over half of the press
releases an editor receives are discarded, ignored or not used. Press releases
hit an editor's e-mail inbox or his or her fax machine sometimes like popcorn--t
here's more than can be handled, managed and certainly published. An editor is g
enerally in charge of other publication content. The day in the life of an edito
r is a case study in prioritization and time-management. Receiving a phone call
from everyone who sent in a press release is an obstacle they don't need nor cho
ose to deal with. Once again, if you bug an editor and ask about placement, you
will get a reputation. Editors need to be handled with TLC.
If you do contact editors or reporters, first ask them if they are "on deadline.
" Sometimes there is reason to contact an editor. Maybe it's returning a phone c
all they made to you for more information. The first thing you should say when p
honing an editor is, "Are you on deadline?" Sometimes it's 3:00 p.m., and they h
ave a 5:00 p.m. deadline they are trying to meet and have three hours worth of w
ork to cram into those two hours. Fielding a call related to prospective PR ruin
s that time-management. Editors want the opportunity to say, "I'm busy, leave me
alone, I still want to talk to you but I've got a deadline." Don't be offended
by this; its part of the PR business.
Paid advertising generally has no bearing on publicity placement. One myth is th
at paid advertisers get preferential treatment for PR placement. This is a myth.
Editors generally don't talk to the advertising department. Now common sense do
es prevail when trying to take care of larger accounts and great advertisers. Th
ere may be an occasion where preference is given, but the general rule of thumb
is that you won't get preferential treatment for PR if you advertised.
The tips mentioned above also apply to broadcast news; just replace the word "ed
itor" with "producer."
Understanding some of these quirks, rules, myths and considerations will increas
e your probability of getting your news placed in the publications that your tar
Give a referral.
Arrange a meeting with someone the contact wants to know (and which you can atte
nd).
E-mail, fax or send news or information that may be of interest to the contact.
Invite the contact to an event.
Send a thank-you card or congratulations on a success.
There are as many reasons to make and follow up on contacts as there are people
and events combined. The important thing in developing your network is to start
with the business card. Give yours away freely in the certainty that something w
ill come of it down the line. Obtain cards from others in the knowledge that you
will find some way to be of benefit to each person that you can make a part of
your network.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
cult to make connections with new people or the companies we desire to do busine
ss with.
A diverse personal network enables you to increase the possibility of including
connectors, or linchpins, in your network. Linchpins are people who in some way
cross over between two or more clusters or groups of individuals. In effect, the
y have overlapping interests or contacts that allow them to link groups of peopl
e together easily.
When it comes to networking, diversity is key because it allows us to locate the
se connectors between clusters of people. According to Wayne Baker, author of th
e book Achieving Success Through Social Capital, "Linchpins... are the gateways.
They create shortcuts across clumps" or groups of people.
The best way to increase the number of linchpins in your network is to develop a
diverse network, not a homogeneous one.
Having developed more than 3,000 networking groups in 16 countries around the wo
rld, I can categorically state that the strongest networking groups I've seen ar
e generally ones that are diverse in many, many ways. The more diverse the netwo
rk, the more likely it will include overlapping connectors or linchpins that lin
k people together in ways they never would have imagined.
One of the problems in understanding this concept is a somewhat built-in bias th
at many people have about networking with individuals that are outside their nor
mal frame of reference. Let me give you an example. A good friend of mine in Bos
ton, Patti Salvucci, recently told me an amazing story.
Salvucci runs dozens of networking groups for BNI (Business Network Internationa
l) in the Boston area. She told me about one of the groups she was visiting rece
ntly that met in a private meeting room at Fenway Park. She said that she arrive
d a little early to the meeting and noticed an older gentleman setting up coffee
mugs in preparation for the meeting. Well, Salvucci is a master networker, and
so she struck up a conversation with the man while waiting for members to arrive
. In talking to him, she was really taken by the amazing tenor of his voice. She
mentioned to him that he had an incredible voice and asked what he did before t
his. The gentleman informed her that he used to be a commentator for CNN. He wen
t on to tell her that in his later years, he wanted to work in a less-hectic job
as well as live closer to his daughter. He decided to take on the job of managi
ng the owner's suite at Fenway Park in Boston because it gave him an opportunity
to be close to his family while having a less-hectic career later in life.
Salvucci asked him about some of the people he met during his time in broadcasti
ng. He shared many great stories with her, including an interview that he had do
ne with JKF the week before he was assassinated. He also talked about meeting Ma
rtin Luther King, Jr. and Nelson Mandela. It was an interesting conversation tha
t she genuinely enjoyed.
Later, when the meeting was in full swing, one of the regular members, Don, publ
icly mentioned that he would really like to do a radio talk show someday and was
looking for some contacts that could help him pursue this dream.
"Do you see that guy over there?" Salvucci asked, pointing to the ex-CNN comment
ator. "Have you seen him before?"
"Yeah," said Don. "He's the guy who sets up the coffee for our meeting."
"Did you know that he used to be a broadcaster for CNN?" Salvucci asked.
Don said, "Wow, I had no idea."
Salvucci suggested that Don introduce himself and learn a little more about the
man he'd seen every week for several months. After all, he just might be able to
make a connection for Don in the broadcasting industry.
The irony in this story is that he had seen the man on many occasions but had no
t struck up a conversation with him because he felt they had little, if anything
, in common. The truth is, when it comes to networking, not having a lot in comm
on with someone means that person could be a connector for you to a whole world
of people that you might not otherwise be able to meet.
Some of the strongest networking groups I've seen over the past two decades are
ones that are diverse in many ways. They have a good mix of members based not on
ly on race and gender, but also on profession, age, education and experience. Th
e more diverse your network, the more likely you are to make overlapping linkage
s between clusters of people. The more linkages you can make between clusters of
people, the stronger your network can be.
If you wish to build a powerful personal network, branch out. Build a diverse ne
twork of professional contacts that includes people that don't look like you, so
und like you, speak like you or have your background, education or history. The
only thing they should have in common with you and the other people in your netw
ork is that they should be really good at what they do. Create a personal networ
k like that, and you'll have a network that can help you succeed at anything.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
4. e-Mail signatures: When you get an e-mail from Eva Rosenberg, 50, publisher o
f TaxMama.com, you'll also get her contact information, a description of her sit
e's unique selling points, and a tip about what's new at her site. The Northridg
e, California, tax consultant says her e-signature has helped customers find her
contact information easily and has also helped facilitate media interviews.
Cost: $0.
5. Voice-mail messages: Instead of wasting time with instructions on leaving a m
essage, remind callers to visit your Web site or take advantage of upcoming seas
onal promotions. You could also use your company's tag line or slogan in the mes
sage to reinforce awareness.
Cost: $0.
6. Phone manner: Be sure whoever answers the phone at your place of business is
upbeat and helpful to callers. "That person is your vice president of first impr
essions," says Ratner. Employees fielding phone calls should be able to answer s
imple questions or know where to get answers, especially when a customer or pros
pect calls.
Cost: $0.
7. Stickers: They're not just for preschoolers. When Rosenberg launched her tax
consulting business and Web site, she bought 100 red heart stickers that said, "
We love referrals."
"We plastered them on everything that went out of our office, and business poure
d in," recalls Rosenberg. "Simply telling people we wanted referrals made a big
difference."
Cost: $7.50 for 100 stickers.
8. Frequent-buyer clubs: Ratner believes in rewarding loyal customers with gift
certificates to his store. He tracks purchases, and when customers get to a cert
ain dollar amount or quantity, they get a gift certificate for anything in the s
tore. For nonretail businesses, other ways to apply this might be a discount or
free gift after a certain number of hours or frequency of purchases.
Cost: For 500 small, black-and-white punch cards to track purchases, approximate
ly $50 to $75. If your point-of-sale or invoicing system already has a method of
tracking volume, you can do so internally for even less.
9. Product shipments: When you ship or deliver products, include an extra catalo
g, sales sheet or coupons in the package, making it easier for customers to plac
e additional orders.
Cost: a few cents to a few dollars per piece.
10. Occasion cards: Send birthday cards, Thanksgiving cards, congratulations car
ds-they're great ways to let customers know you care.
Cost: about $1.50 per card, plus postage.
Help on the Cheap
If you still need assistance in developing your marketing plan, here are a few p
laces to turn for lowor no-cost help:
Your local Small Business Development Center: This resource can provide help wit
h marketing and much more.
The Service Corps of Retired Executives (SCORE): SCORE offers free counseling to
start-up or established business owners.
Your local college: If you can offer a meaty assignment, you may be able to attr
act a marketing student to intern with your company in exchange for credit. If n
ot, see whether the college has a marketing or advertising club that can help.
Trade associations: Your industry group may offer assistance, statistics and res
earch that can help you refine your marketing. Visit the association Web site, o
r call for help.
11. Employees: Empower employees to solve customers' problems and motivate them
to bring customers back. Ratner says, "I make each employee sign a piece of pape
r stating, 'I understand that my number-one job, no matter what I was hired for,
is to make the customer come back.' This lets my employees know that we're seri
ous about customer service."
Later, when the referring party runs into someone else who might need an account
ant, who will he recommend?
One realtor I met in Northern California told me that for almost six years, he o
ffered a $100 finder's fee to anyone giving him a referral that resulted in a li
sting or sale. Yet during that time, he had only given away about a dozen finder
's fees. He decided it was time to try another kind of incentive.
Since he lived on a large parcel of land in prime wine country, he had begun gro
wing grapes in his own vineyard. A thought soon occurred to him: Why not take th
e next step? He began processing the grapes and bottling his own special vintage
wine. After the first harvest, he had a graphic artist design a beautiful label
, which he affixed to each bottle. He told all his friends that he did not sell
this wine; he gave it as a gift to anyone who provided him with a bona fide refe
rral.
He gave away dozens of cases in the first three years-half the time it took him
to give away a dozen cash finder's fees. Yet each bottle cost him less than $10
to produce. This special vintage wine makes him infinitely more money than givin
g away a handful of $100 finder's fees.
It sometimes amazes me, even now, how something as simple as a bottle of wine ca
n be such a powerful incentive for people to give you referrals. But the explana
tion is really quite simple: It's special. A bottle of wine that can't be bought
can be worth 10 times what it cost to produce when it's traded for something as
valuable as a business referral.
Remember, finding the right incentive is a big challenge-especially if you want
to score big by building word-of-mouth business. To make it easier on yourself,
get opinions and feedback from others who have a significant interest in your su
ccess.
Don't underestimate the value of recognizing the people who send you business. A
well-thought-out incentive program will add much to your word-of-mouth program.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,900 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
Make a list of all the publications in your target market area. These will most
likely be newspapers, such as weekly newspapers, daily newspapers, regional busi
ness journals, free about-town advertising fliers and chamber of commerce newsle
tters. I would shy away from national publications unless you have a dynamite na
tional story or you have a connection at a national publication. Next, determine
the radio and television stations in your target market area. This includes AM,
FM, public radio, college radio stations and the like.
Day 2: Develop a database of contacts from day one.
From each of the publications, determine where your news or announcement would b
est fit. Once you have done this, find out who the primary editor or reporter is
for this part of the publication. Sometimes this is a feature editor, a feature
reporter, a pool reporter or the managing editor. Do not send your press releas
e to anybody and everybody at a particular publication. Do the same thing for ra
dio and TV producers: Find out who assigns the news to reporters. Find out who e
dits the on-air news.
Day 3: Determine what PR story you will communicate.
Brainstorm PR topics. Are you making an announcement, communicating a change, st
ating an opinion or revealing a finding? Do you have a local angle to a national
story? Is your information newsworthy and not promotionally slanted? All you ne
ed is 12 topics to average one press release per month for one year. However, do
n't let this schedule stop you from reporting news when it happens or making an
announcement.
Day 4: Write the actual press release.
Editors love people who speak their language. A one-page press release that open
s with who, what, where, when and why will make them happy and increase your pro
bability of getting into their publication. Include some background information,
a quote from you or another high-ranking person in the organization and the con
tact information. That's all there is to a press release. It doesn't have to be
a long thesis. It doesn't have to have every single detail in it. If the reporte
r wants to do more of a story, he or she will call to develop further.
Day 5: Send your press release to those in the database you established on day t
wo.
Some editors prefer faxed press releases, yet there is a growing trend toward re
ceiving them by e-mail. Very rarely are press releases snail-mailed; however, so
me still are when photos are part of the release. Finding out your editor's, rep
orter's or producer's preference will increase your chance of publicity.
Day 6: Use your press release for other things.
Because of the sheer number of press releases generated, they cannot all be publ
ished. Don't let this stop you from issuing the release and trying to generate p
ublicity. There are other things you can do with press releases. You can post th
em on your Web site in the media room area. You can use them as direct-mail piec
es to customers and prospects. You can use them as handouts on sales calls or pu
t them on the other side of your fliers. Use your imagination here, and you will
be surprised at the unique ways you have to generate publicity and ultimately b
uzz about you and your business.
Day 7: Continue your efforts to establish relationships with editors, reporters
and producers.
The more relationships you have with your targeted publications, the increased l
ikelihood you have of getting publicity. The time to do this is not when you hav
e a breaking news story. Take your time in this area and spread out your efforts
. Then when you do have that breaking news or blockbuster story, you'll know who
to contact directly and quickly for the biggest PR impact.
Spending just a little bit of time each day on these seven steps will make you a
n expert in the PR arena. The most appealing part of all about this kind of PR s
trategy is the cost. In the spirit of guerrilla marketing, this is not high-doll
ar marketing, but rather marketing that relies on your time, energy and imaginat
ion.
Al Lautenslager is the president and owner of The Ink Well, a commercial printin
g and mailing company in Wheaton, Illinois, and the principal of Market For Prof
its, a Naperville, Illinois-based marketing consulting and coaching firm. He can
be reached at al@market-for-profits.com or through his Web site, Market for Pro
fits".
uild one's social capital, then it makes sense that someone should network every
where-including the church social. They key is that you must honor the event.
To truly honor the event, you need to network appropriately. That means your net
working approach must be different in a chamber meeting compared to a social eve
nt. In both cases, you should make contacts, put people together, help others an
d build relationships. However, you should not be actively promoting your busine
ss in one of those two groups. (Hint: It's not the chamber.) Instead, at a churc
h function, you should simply focus on putting people together and helping other
s.
Let me give you an example of what I mean. Last year, I had the opportunity to a
ttend a formal dinner put on by the "Friendly Sons of St. Patrick." This was a b
lack-tie social event, not a business networking dinner, yet I was able to make
a great contact that ended up being immensely successful for me (and, I hope, fo
r one of the people I met there).
You see, seated at my table were a prominent senior partner to a major internati
onal law firm, a former member of the Beach Boys and Buzz Aldrin, part of the fi
rst mission to set foot on the moon and now an entrepreneur as the founder of th
e ShareSpace Foundation. During the course of the evening, I mentioned to Aldrin
that I was working on a new book entitled Masters of Success. He's certainly at
tained a well-known level of success and has some very strong feelings about the
future of the space program, so I thought he might be interested in sharing his
thoughts in this new book. After getting to know each other better, I asked him
if he would be interested in contributing a chapter to the book. He was. Conseq
uently, he is one of the prominent contributing authors to a book that is about
to be released, and I believe it's a win-win for both of us.
As you can see, it is desirable to keep your networking goals in sight at all ev
ents and opportunities, without becoming a networking vulture or someone that ev
eryone else runs from when they see you coming. Honor the event and tailor your
networking strategies so that you fit in without being tuned out.
Another very important aspect of successful, active networking is to be sincere.
There are people who are so successful at networking that they are able to netw
ork virtually everywhere, and it's because they really care about making connect
ions for others, not just for themselves. I have seen that those who network exc
lusively for selfish gain come across as very shallow and insincere.
Make no mistake about it: Networking can be done with a selfish end in mind, but
if you are truly living the mantra that "givers gain," you will come across ver
y differently. No one minds the opportune exchange of information that will bene
fit one or more people, even when that exchange takes the form of a business car
d at a bar mitzvah.
Ivan Misner is the founder and CEO of Business Network International (BNI), whic
h has more than 2,700 chapters throughout the world. He is also the author of fi
ve books, including his New York Times bestseller, Masters of Networking, as wel
l as Entrepreneur Press' forthcoming Masters of Success.
URL: http://www.entrepreneur.com/marketing/publicrelations/gettingpress/article7
0496.html
Q: Who do I send my press release to?
A: In order to properly answer your question, I'm going to ask you to put on two
pairs of shoes. The first pair belongs to the editor or producer of a particula
r publication or broadcast. Why walk in these shoes? These are the people respon
sible for assembling a publication or broadcast. If your information does not fi
t the format or purpose of the publication or broadcast, this editor or producer
will ignore and bypass your press release information.
The second pair of shoes to wear are those of the reader or viewer of a publicat
ion or broadcast. What are they interested in reading or viewing? Do they want n
ews, entertainment, tips or techniques? Knowing what readers and viewers want an
d how editors and producers supply these needs will help you craft and target yo
ur press release.
With these two pair of shoes in mind, who do you now send the press release to?
The logical answer is daily or weekly newspapers that serve your target market.
You can get a list of these from your library or from search engine research. On
ce you have identified the publication, then you can contact each to find the ap
propriate contact person for your genre of information.
Sometimes this will be a reporter, a feature editor, a managing editor or, in ra
re cases, the actual publisher. For radio and television, this person is the pro
ducer, executive producer, news director, program manager, feature editor (sport
s, food, lifestyle) or individual reporter. Again, calling the station or search
ing the Internet will help you track down the correct name and contact informati
on.
Once you've compiled your lists, it's time to send your information. Hopefully i
n your contact information research, you were able to obtain an e-mail address a
nd/or fax numbers. There is a trend today toward e-mail communication, although
faxes do still work. In some cases, when pictures, graphics or exhibits are pert
inent, snail-mail works best. Knowing which method your contact prefers and then
delivering accordingly will enhance your chance of publication or broadcast.
Keep your list of contacts, add to it, work it and keep in touch, even when you
don't have an actual press release. Remember, though, these people are very busy
and usually face tighter deadlines than you and I work with on a daily basis. R
espect this and work with their schedules, and you'll be on your way to hitting
your target with PR.
Al Lautenslager is the president and owner of The Ink Well, a commercial printin
g and mailing company in Wheaton, Illinois, and the principal of Market For Prof
its, a Naperville, Illinois-based marketing consulting and coaching firm. He can
be reached at al@market-for-profits.comor through his Web site, Market for Prof
its".
Your networking efforts won't succeed until everyone in the company takes part.
By Ivan Misner | April 26, 2004
URL: http://www.entrepreneur.com/marketing/networking/article70534.html
Q: I recently started my own business and have a staff of five people. How do I
get each of them to buy into networking as a way to grow the business?
A: First, let me congratulate you for even considering this question. Too many e
ntrepreneurs focus on bringing in new business themselves or in tandem with the
sales force but overlook their support staff as a source of referrals. Building
word-of-mouth for your business is not just the responsibility of your marketing
or sales department. As you might imagine, it's far better to engage your entir
e staff in your word-of-mouth marketing campaign-not only at startup, but also t
hroughout the life of your business.
Here are some tips on how to engage your staff in networking:
1. Include networking in the job description for each and every employee. Often,
if a new hire knows upfront that he's expected to incorporate networking into h
is job, it will happen.
2. Have clear and reasonable expectations. If your company manufactures a very o
bscure product, your staff might have a hard time bringing in tons of referrals.
However, keep in mind that people are more important in the networking process
than the type of product being sold. When you have the right person, he or she w
ill be able to build a network around any kind of product or service.
3. Teach your staff how to network effectively for the company. Hold focus group
s where you role-play ways to ask for referrals from other customers, friends an
d family. Bring in local networking experts for in-house trainings. Better yet,
send your staff to a networking class, such as the Certified Networker Training,
available in most markets.
If you belong to a weekly networking group, bring your staff to those meetings o
ne at a time so each member can see firsthand what networking can produce. This
also helps your networking partners feel that they know your business better, si
nce they've been able to meet the people in your company.
The bottom line: Until you teach someone how to do something effectively, expect
ing them to do it well-or even at all-is unrealistic.
4. Motivate your staff to bring referrals to the company. My wife once worked fo
r a business owner who incorporated monetary bonuses into her word-of-mouth mark
eting expectations. For every new customer, she was given a bonus. It was a winwin arrangement for the company, as each new customer brought in revenue well ab
ove the bonus amount, and my wife felt rewarded each time one of her referrals c
ame through the door.
Having a bonus system in place made it obvious that she would be attending chamb
er meetings with the boss and developing other connections in the community whil
e passing out business cards and fliers for the company. To properly execute thi
s idea, check with your CPA or tax preparer.
You might even establish a "networker of the month" status for the staff, using
a reserved parking spot or an overnight hotel stay somewhere fun as a reward. Ma
ke the motivation something that's relevant to your industry and, most of all, e
xciting to your staff.
5. Be sure your staff sees you practicing your networking skills. Often, we as e
ntrepreneurs don't share with our staff the amount of time and energy we put int
o building and maintaining our businesses utilizing word-of-mouth marketing. I h
ave always felt very strongly about this point. If I am going to expect my staff
to do something, motivate and reward them for doing it, I better let them see m
e doing it as well. All too often, networking is something done behind the scene
s and not necessarily in front of the staff.
One way to change this is to track how much business you brought in, as well as
the staff's numbers. Imagine the pride one competitive staff member will have wh
en he or she breaks your number. Imagine the profits your company will realize w
hen everyone in the company focuses on growing the business.
Networking is a group activity. Make sure to get your whole team on board with t
he process.
Ivan Misner is a New York Times bestselling author and founder and CEO of BNI, t
he world's largest referral organization with over 3,100 chapters in 17 countrie
s around the world. His new book,Masters of Successcan be viewed at www.Masterso
fSuccess.biz. Misner teaches business at Cal Poly University, Pomona and resides
in Southern California with his wife and three children. He can be reached at m
isner@bni.com.
4. Send a thank-you letter to every client who participated. Include key lessons
from the interviews and explain the specific changes you plan to make to your b
usiness based on this information.
The important part here is to use what you learn. If you don't make changes to y
our business, then you've wasted everyone's time. One company that recently did
this tripled its business in one year-the owners learned what people wanted, how
their solution made a difference, how to present it, and how to price it, and t
hen proceeded to make changes that improved those areas.
Keys to success: The conversation with your customers is just that, a conversati
on. Don't fire questions at them; instead, have the interviewer engage in a conv
ersation and gather as much valuable data as you can. Remember, it's not about h
ow satisfied they are-it's about how much they valued your product or service.
2. Creatively package your marketing campaigns. A postcard is one way to market
your business. But how about putting a small box together with a fork, knife, sp
oon and a custom printed napkin that invites your prospect to "have lunch on us?
" Think outside the box, and your marketing campaigns will have more impact.
And don't be afraid to see what other people in other industries are doing and a
dapt that to your business. Think about the little details that will get attenti
on. I once did a marketing program to the food industry that had a brochure vacu
um-sealed in the same plastic used to wrap bacon. The same piece sent to technol
ogy companies used static shield envelopes. This campaign earned 96% recognition
when follow-up calls were placed.
Keys to success: Set a clear objective for your marketing campaign, and identify
how you'll measure its success. Then follow up to measure the results and adjus
t the program if necessary.
3. Get the word out with publicity. Think you can't do PR or publicity without e
mploying the services of a high-priced firm? You can! Although a good firm bring
s tremendous contacts and experience, most small companies can do enough PR on t
heir own to spark the public's interest. One great resource for the media unsavv
y comes from Shock PR, a Holliston, Massachusetts-based public relations firm. T
heir product, PR in a Box, delivers templates, tips and step-by-step instruction
s on how to prepare releases and pitch stories that will intrigue the media.
Keys to success: In one word, leverage. Though it does happen, don't expect one
story placement to generate thousands in revenue. Your success depends on levera
ging each press release, each article and each published mention. Put it all on
your Web site: Create a news page and add a What's New area on your home page. A
dd it to your marketing kit and send the piece to clients, colleagues and profes
sional organizations. Include a note in your newsletter that says 'Recently Seen
In...' And remember: PR is more cost-effective and more credible than advertisi
ng.
4. Leverage existing relationships. Most people know at least 200 people. Do the
math: If you know 200 people and they each know 200 people, that's 40,000 poten
tial contacts! Spend time developing relationships with the people you already k
now-clients, colleagues, people you meet through professional networking organiz
ations, friends and even family.
Start by making a list of all the people you know. Next, prioritize your list in
to As, Bs and Cs. As are your advocates. These are the people who feel strongly
about you. They're the "cheerleaders" who would refer business to you right now.
Bs could become advocates if they knew more about you, so you need to spend tim
e with these people to educate them. Cs are those people you don't communicate w
ith often enough. You may keep them in the loop, but they need more time and nur
turing before they'd refer any business your way. If there are any names that re
main, delete them.
Keys to success: Educate, don't sell. The key here is to build relationships. Th
ese develop over time as you create credibility and trust. To be truly effective
, you must always be on the lookout for ways you can help your network. Start fr
om the perspective of giving more than you ask, and your network will become you
r most valuable marketing tool.
5. Commit to e-mail marketing. Marketing through e-mail is flexible, cost-effect
ive, easy to measure (assuming you put the right tracking in place), and high im
pact. It allows you to easily drive traffic to your Web site, reach a broad geog
raphic audience and stay in frequent contact with your customers and prospects.
E-mail marketing allows you to market your services and establish your expertise
with your audience.
Use it for newsletters, new product announcements or to share your publicity suc
cess-the ideas are endless. But know that this flexibility and ease-of-use can c
ause problems. Remember, this is a marketing campaign. So be sure to think it th
rough, develop an appropriate message, create a piece that reflects your brand,
know your objectives, and make sure the information is valuable for your market,
or people will quickly unsubscribe.
Keys to success: Don't be seen as a "spammer"! Send e-mail only to those people
who have given permission. When someone asks to be removed, respond immediately.
Susan LaPlante-Dube is president of Precision Marketing Group in Upton, Massachu
setts, where she focuses on creating customized marketing solutions that deliver
solid business results for organizations ranging from solo practitioners to For
tune 500 companies. To sign up for Susan's "Matters of Marketing" newsletter, or
to learn more, visit www.precisionmarketinggroup.com.
A: It's critical to track your income sources, whether from referrals, advertisi
ng, walk-in or drive-by traffic, or elsewhere. But before attempting to track th
e results of something, you must first set goals to shoot for. How many referral
s do you expect to get? How much income do you expect to realize from these refe
rrals? How many referral sources will you need to achieve these projections? You
could guess at the answers to these questions, but there's a better way-a syste
matic method of setting your goals using your experience as a base. First, look
back at a recent period of sales revenues from referrals and all other sources.
Then project what you expect revenue to be as a result of your referral marketin
g campaign.
Your forecast should be based on four factors: the number of referrals you expec
t to receive, the dollar value of the referrals you expect to get, the percentag
e of your business you expect to result from referrals, and the number of source
s you'll need to achieve the expected number and dollar value of referrals.
Many networking organizations ask members to track the amount of money earned fr
om the referrals exchanged with one another. When tracking revenue from referral
s, I often see business owners look at the value of each referral for the dollar
amount-in other words, they report the value of each referral based on the cost
of the item sold. Obviously, this isn't the net income to their company. They'r
e actually reporting their gross sales as the amount of money referrals bring in
to the business. So when you're looking at the dollar value of each referral, r
emember to calculate the actual net income to your business.
The bottom line is you should measure the income that comes directly to you. Wit
h some professions that means gross income, and with others it means gross commi
ssion; however, in both cases, it is gross money to the business owner.
Let me say that there's no perfect way to measure. Every variation has a problem
with it. But based on years of experience, I've found this approach has the mos
t level playing field, and it's the measure we use in all official referral numb
ers in BNI, the referral organization I founded almost 20 years ago.
Measuring the value of your referrals is important because it helps you determin
e your return on investment in a group. One thing that you should consider is th
e critical-mass point for your networking group. In BNI, we have found that to b
e roughly 20 people.
There's an interesting dynamic relating to net income that happens in networking
groups. In one region of our networking organization we studied, for example, c
hapters over 20 members produced an average net income of 289 percent more than
chapters of 20 members or less. If you're in a networking organization, it's cle
ar that the size of the group is going to impact the bottom line of your busines
s! During the time your networking group is between 10 and 20 members, you're in
the growth stage. Between 20 and 30 members, you're in the profitability stage.
Mike Garrison of the Referral Institute calls this the "Power of 20." The more
sources for referrals you have at your ready, the more referrals you are going t
o get and the higher your income from referrals will be.
With the results of that survey in mind, you can see that building your business
through referrals is systematic. Too many people approach this concept socially
. While developing your business by referral is about relationship-building, it'
s not social! It's based on numbers. You have to measure what word-of-mouth is d
oing for you. It's the only way to tangibly see what impact referrals are having
on your income. An essential part of any marketing plan is measuring the result
s, and referral marketing is no different. To use your sources wisely and effici
ently, you've got to know how well your plan is working, how you can change it t
o improve current and future results, and how much your investment of time and m
oney is earning you. When we go back to the beginning of my answer, you can now
see how your projections are inextricably linked to tracking your results. In my
book Business by Referral, co-author Robert Davis and I have outlined some proj
ection and tracking methods which are very helpful for those wishing to have som
e really hard numbers on the effectiveness of their networking efforts.
With a thorough tracking and evaluation system, you'll know whether your plan is
working and whether it's cost-effective. You'll be able to demonstrate to manag
ers, investors, bankers and employees that you're a focused and capable marketin
ch the first year of your involvement in a networking group with the sole motiva
tion of getting to know the other members well, you will be far ahead of the gam
e.
One of the most important things I've learned over the years is that it is not r
eally what you know or who you know; rather, it's how well you know them that re
ally counts! People do business with people they know and trust.
In order for word-of-mouth marketing to work for you, you first have to build a
strong foundation with the people you hope will refer you to others. That takes
time, and the amount of time it takes varies from profession to profession. Obvi
ously, some professions are much more sensitive than others to the development o
f referrals. So find reasons to meet with each person outside the networking mee
ting. Get to them, and work on having them get to know you better. Make it clear
that you value your relationship with each one of them.
2. Reliability: For the first year or so in a networking group, you are putting
in your time. Your referral partners are testing you, checking you out and makin
g sure that you deserve to have their valuable clients and contacts turned over
to you.
Therefore, you must be credible to the other professionals with whom you hope to
network. Bear in mind that you should feel the same way, too. Before you risk y
our reputation with your clients by referring them to someone who takes less car
e of them than you would want taken, you must be very sure that the person to wh
om you refer them is reliable! How else are you going to know that-unless you us
e them personally over a period of time?
3. Referrals: After cultivating relationships and proving yourself to be reliabl
e, you get referrals as the end result. In order for someone to receive, someone
else has to give. This holds so true with referrals. I would suggest you perfor
m a reality check to see just how effectively you are referring the people in yo
ur networking group. You might be surprised to find how little you actually refe
r others, or that you consistently refer the same two or three people.
If you aren't tracking your referrals (both given and received), first read last
month's article and then start tracking them. Look for patterns. I would antici
pate that in the months following a month you were particularly active in referr
ing others, you will find that you are receiving more referrals! I have seen the
"what goes around, comes around" principle illustrated over and over in BNI, th
e networking organization I founded 20 years ago.
This is a natural progression and one that can't really be rushed. I know it can
seem frustrating at times when you are anxious to see your bottom line increase
quickly from all the referrals you are anticipating receiving, but believe me,
if you are patient and apply these techniques, you will see word-of-mouth market
ing work for you in a big way.
You can't take an orange tree and rip it up from the ground after a year and rep
lant it on the other side of the yard, just because it wasn't bearing fruit wher
e it was. You have to water, fertilize and care for the tree where it is. In tim
e, it will produce fruit. Your efforts will pay off. You must approach building
a word-of-mouth-based business this way. In a solid networking group, you are gr
owing solid roots with the other participants. The worst thing for you to do is
pull them up just as they are getting set.
is a New York Times bestselling author and founder and CEO of BNI, the world's l
argest referral organization with over 3,100 chapters in 17 countries around the
world. His new book,Masters of Successcan be viewed at www.MastersofSuccess.biz
. Misner teaches business at Cal Poly University, Pomona and resides in Southern
California with his wife and three children.
iloring shop and need busy executives to come for three fittings, you may need t
o limit it to your local area.
Before you commit hours to researching what customers want from you, it makes se
nse to find out whether you have a viable target market.
The cheapest and simplest way to do this is through "secondary data," or informa
tion someone else has already gathered for you. Usually, this takes the form of
various statistics and can only answer closed-ended questions: How many? When? W
here? Your own questions will depend on your customer profile and become more ti
ghtly targeted based on what you find out as you go.
You can find answers in a number of ways:
1. Reference librarians: Most are delighted to help you research. Often, they'll
practically do it for you. These days, they can look up a lot of what you need
on computer databases, and you have a decent chance of walking away with all you
r answers. Printouts may cost several cents per page.
2. The local field office of the Department of Commerce: It should supply you wi
th free or nearly free information on population, demographics, housing, the eco
nomy, market trends, surveys of current businesses, and more.
3. The business libraries of local universities: These often have more specific
information on business trends than a public library. Ask the librarian for help
.
4. Your local SBA branch or Small Business Development Center: It has a multitud
e of publications and business literature full of advice and market forecasts.
Once you've got all the answers, it's time for a judgment call: Do you have a wo
rking market?
Only you can decide if 14 competitors are too many for 19,000 target customers,
or if you want to gamble on the fact that your target customer spent 30 percent
more last year than three years ago. If you don't like the numbers, at least you
've just saved yourself a potential financial disaster. Now you're armed with a
much better grasp of market conditions to revamp your business idea or marketing
direction and return to Step 1.
Portrait of a Customer
Before your research is over, your ideas about your target customer may change s
everal times. Add explanations and qualifiers under each category as they occur
to you; these will document your thought processes and remind you of how you got
to the final concept.
This is a preliminary customer profile for an entrepreneur's actual business ide
a. He wanted to offer faux paint effects, but wasn't sure if there was enough of
a market in his area for him to do this for a living. Going only on his own kno
wledge, this is the customer profile we came up with (comments, qualifiers and a
ll):
Gender: Both, since many clients will be couples
Age: Late 20s to 40s-let's say 29 to 45. Very young people usually can't afford
this, and the older generation might be too conservative.
Location: The Denver area. Since projects usually require at least a few days to
complete, it's not practical to drive long distances every day.
Income: $60,000 upwards for the household combined. Since the cost per job range
s between $500 and up, people who make less than that aren't likely to be able t
o afford this.
Occupation: Probably white-collar
Other factors:Owns a home-many landlords won't let renters paint, especially whe
n it comes to daring effects like this. Married-because couples have a greater p
ooled income and are more likely to be homeowners. No young children-because par
ents aren't as likely to invest in fancy paint effects and might also be worried
about the safety of kids around chemicals during the process.
When creating a customer profile, you'll want to use secondary research to answe
r questions like the following:
How many people in the Denver area are between 29 and 45 years old?
ness and paying attention to comments made by those who fall into your target de
mographic. As a shortcut, type the names of your competitors (you found these du
ring your secondary research) in the search boxes.
You can also take it one step further and start your own thread to initiate a mo
re tightly focused discussion. A caveat: Some lists and groups don't welcome com
mercial postings. Always observe their rules, and phrase your questions discreet
ly. You can ask any number of questions that don't violate their posting etiquet
te and still supply you with a wealth of feedback ("What should I look for in a
good pet-sitter?" "What's everybody's favorite brand of low-carb chocolate?" "Ho
w much is too much for a handmade harp?" "Where's the best place to buy organic
baby products?"). You can follow up the answers with further questions until you
have the level of detail you want.
3. Check out the competition. You can learn about what to do and not to do by st
udying your competitors. Visit their Web sites, and look at their prices, guaran
tees, testimonials and special offers. If they offer newsletters, get on their m
ailing lists. You'll get free information on improvements, new product lines, tr
ends and even customer responses.
Spend some time analyzing their advertising and sales literature. What do they e
mphasize most? What are they not mentioning? Do you see aspects you could improv
e?
Try calling or e-mailing them to ask about their rates and services. If they hav
e stores, visit and browse them. Write down your impressions as soon as you've h
ung up or left the building. Keep a record of each one, and ask yourself what al
l or most of them have in common, why you think that is, and how you can set you
rself apart.
4. Get students involved. Call or visit the Web sites of local business colleges
as well as the faculty of business departments at universities and colleges in
your area. Find out who teaches classes on marketing, preferably small-business
marketing. Try to persuade them that your business would make a great real-life
market research project.
They may agree, especially if you're willing to provide samples and demonstratio
ns on request. You'll have a better chance at certain times of the year, so if y
ou've caught them at the wrong time, ask when might be better and whether they c
an refer you to anyone who runs on a different schedule.
If it pans out, you'll have to work with the professor's teaching plan and timet
able, but you'll end up with 100 percent relevant, thorough, customized research
results put together by people who intend to make a career out of this.
is a marketing consultant specializing in startup business planning and copywrit
ing.
Networking groups can definitely help businesses generate referrals. However, I'
ve talked to many people who've told me that despite the fact that they are givi
ng business for other members of their networking group, they are not getting bu
siness from other members of the group.
For those of you who want to get more business from the networking groups you be
long to, keep this in mind: When attending referral-related networking groups, r
emember that your efforts should focus more on "training a sales force" than on
trying to "close a sale." In other words, if you want to get business from the f
ellow members of your networking group, it is key that you educate these people
about some of the specifics of your business and what to look for in order to re
fer you effectively.
Let's say you're training a sales force. What would you say in this training pro
cess? How would you describe your product or service to your salespeople that wo
uld enable them to fully understand the benefits of what you have to offer? This
is what you should be doing at a networking meeting.
The only way people can pass referrals is if they know as much about your busine
ss and you as time allows. No one expects a referral group's member to be an act
ual salesperson for all the members; but, if you want referrals, the other membe
rs do need to be trained. Thus, the way your introductions are done can substant
ially impact your results in generating referrals from other networking group me
mbers.
I have personally seen people participate in referral groups who were in busines
ses so unusual that I didn't think it was possible for them to do well; however,
what I didn't take into account was their personal commitment, attitude and abi
lity to teach people how to refer them.
Here are some key points to consider for educating people in your networking gro
ups:
1. Do not generalize when asking for referrals. I have heard hundreds of thousan
ds of introductions at business networking events in my 20 years of running a bu
siness referral organization. Many people, when outlining what type of referrals
they want, use the words "anyone," "someone" or "everyone." I don't recommend i
t. Here's an example of a general announcement: "I'm looking for anyone who's pl
anning to take a trip this summer." Or, "I can help everyone who is planning to
travel sometime this year." This is too vague. Instead, you should ask for a spe
cific type of referral. One travel agency owner understood this point and said,
"If you have a friend or co-worker who has been talking about traveling this sum
mer, please refer him to me and I'll help him plan a trip he will never forget!"
It is also important to remember that if you are in a group that meets weekly,
your presentation should focus on something different each time in order to cont
inue the educational process.
2. Bring support materials to networking meetings. If you have something visual
for members to view or leave with, your chances of staying in their minds long a
fter the day's meeting are increased. A flier about a product sale or a newslett
er from your company are good items to bring. You might also bring samples of an
item you carry in your store or place of business.
3. When introducing yourself, break your business down into the lowest common de
nominators. In networking, lowest common denominators apply to business introduc
tions, when each week you focus on simply one aspect of your business. In other
words, break your business down into very small pieces. You may be tempted to us
e the laundry list approach-listing all the areas your business covers. Instead,
consider that your fellow networkers will learn more about you week to week if
you explain one aspect of your business at each meeting.
I once saw the owner of florist shop stand to give his introduction, holding a s
ingle red rose, wrapped in cellophane and with a very thin stem. He described th
e type of rose it was and how long it would bloom. He then told his members he h
ad just purchased it at the grocery store on his way to the meeting that morning
. After that, he reached under the table and pulled out another long-stemmed red
rose, fully three times larger, with a huge red bud and a much thicker, green s
tem. He proceeded to describe this rose, emphasizing that it would stay fresh an
d actually fully bloom and open up, lasting twice as long. He held both by the b
ottom tip of the stems and waved them back and forth, showing how thin the groce
ry store stem was as it swayed from side to side with each movement of his hand
and how sturdy his rose was, which didn't budge at all. With that, he announced
that there was only 3 cents difference in price between the two roses...and his
was less!
This is a classic example of how to use a lowest common denominator when educati
ng people about your business at networking events. The floral shop owner did no
t use general examples. He brought something to show, and he described it in det
ail.
If you want to get referrals from your networking efforts, remember to "train yo
ur sales force" using the three techniques mentioned above. Chances are, you'll
see a noticeable difference in your results.
is a New York Times bestselling author and founder and CEO of BNI, the world's l
argest referral organization with over 3,100 chapters in 17 countries around the
world. His new book,Masters of Success can be viewed at www.MastersofSuccess.bi
z. Misner teaches business at Cal Poly University, Pomona and resides in Souther
n California with his wife and three children.
By Kim T. Gordon
URL: http://www.entrepreneur.com/marketing/marketresearch/article72392.html
It's official. You're going to start your own business. You know what you plan t
o sell and who your customers or clients will be. But how will you decide what y
our marketing materials should look like or even what you'll charge for your pro
ducts or services? You need to become an amateur sleuth and gather competitive i
ntelligence to create an on-target marketing program and tailor your services or
products to position against the competition.
It's important to complete a competitive analysis during the start-up phase of y
our new business, about the time you're putting together your marketing plan. In
fact, if you get underway without performing a competitive analysis, you run th
e risk of creating marketing tools and product or service offerings that are way
off the mark. This can cost you valuable time and money during the critical ear
ly months. You should also plan to gather competitive intelligence as your busin
ess grows, in order to stay competitive.
Who's Your Competition?
One of the biggest mistakes new entrepreneurs make is failing to recognize the r
ange of competitors for their businesses. Your new company will have two types o
f competition-real and perceived. For example, imagine you're a former college a
thlete who's decided to start a personal fitness training business. Your competi
tors will fall into two categories: other personal trainers, and gyms and health
clubs that offer trainers or advisors on staff. Although you'd directly compete
only with the other personal trainers, your prospects-people who want to shape
up-would perceive the gyms that offer these services as a viable alternative to
hiring you. So to complete your competitive analysis, you need to evaluate the m
arketing materials and services both types of competitors offer.
Get the Facts
The first step in your competitive analysis is to collect all the marketing mate
rials used by your competitors-both perceived and real. Begin by clipping your c
ompetitors' ads. Then request copies of their brochures and other marketing mate
rials-not so you can copy their ideas, but so you can check out marketing strate
gies and formats, competitive pricing, special offers, the key benefits (or prom
ises made), and clues to marketing niches that may be underserved. If possible,
you may even want to "mystery shop" your competitors-go out and actually buy the
ir products or services so you can experience the purchasing process with their
store personnel or salespeople. If your competitors are large enough, you can ga
ther information about them on the Net. Use major search engines to look for rec
ent press releases and articles about them. There are even free sites on the Web
that allow you to customize your own daily news page, such as NewsPage by NewsE
dge Corp. (www.newspage.com). And don't forget to check out your competitors' We
b sites. How do your direct and perceived competitors use the Net to attract cus
tomers and sell products? This will give you important clues about information a
Web site of your own should contain.
Put It All Together
Now you're ready to draw some conclusions about the types of competitive offers
and pricing your new business should use. Best of all, you'll have clear guideli
nes for developing your marketing tools. Complete your analysis by answering the
se questions:
What size are their materials? Do most of your competitors use standard mailing
envelopes, or are they using large folders with inserts?
ess through networking, yet only a fraction have ever had any course that even m
entioned the subject of networking (forget about a full-blown class on the subje
ct). What's wrong with this picture?
We give people bachelor's degrees in marketing, business and even entrepreneursh
ip, but we teach them hardly anything about the one subject that virtually every
entrepreneur says is critically important to their business-networking and soci
al capital.
I currently teach at a university in Southern California. For more than 15 years
, I've been unable to get the business school to even consider a course on this
subject. (Ironically, the school of psychology is willing to have me teach it, b
ut not the school of business.)
Why don't business schools teach this subject? I think it's because most busines
s schools are made up of professors who've never owned a business in their life.
Almost everything they've learned about running a business they've learned from
books and consulting. Well, I've read a fair number of books, I was a consultan
t for many years, and I've run my own business for more than two decades. I can
tell you firsthand that if you haven't actually owned a business, you have a han
dicap in teaching a course involving entrepreneurship.
Can you imagine a law course taught by someone who's not an attorney, or an acco
unting course taught by anyone without direct accounting experience? Yet we put
business professors in colleges to teach courses related to marketing and entrep
reneurship with little or no firsthand experience in the field. Is it any wonder
then that a subject that's so critically important to businesspeople would be s
o completely missed by business schools? Of course not. Networking and social ca
pital courses aren't taught in business schools because most business professors
aren't practitioners. They don't really understand the importance of this subje
ct for entrepreneurs.
Granted, there was little written in the field of networking and social capital
20 years ago (do a literature search-you'll see), but that's not the case today.
There are hundreds of articles and many books on various facets of the area. A
thorough bibliography of many of these articles and books can be found in the ba
ck of the revised edition of The World's Best Known Marketing Secret (Bard Press
). Networking is a field that's finally being codified and structured.
Business schools worldwide need to wake up and start teaching this curriculum. S
chools, like any large institution, are bureaucracies, so it's unlikely to happe
n quickly; however, for those schools with vision, foresight and the ability to
act swiftly (sort of the way business professors claim that "businesses" should
act), they'll be positioning themselves as leaders in education by truly underst
anding and responding to the needs of today's businesses. These schools will be
on the cutting edge of business education so as to better serve their students w
hile positioning themselves as a leading institution for entrepreneurs.
Word-of-mouth marketing works. Social capital is critically important. And netwo
rking is the mechanism to develop both. As more universities and colleges open t
heir doors to professors who want to include this strategy with their marketing
instruction, we're going to see a major shift in the business landscape. We'll s
ee emerging entrepreneurs who will be equipped with another strategy for success
in business. We'll see networking utilized at its fullest capacity, and we'll s
ee business schools actually teaching a subject that the business practitioner s
ays is important.
What a thought. Oh well, it's good to have goals.
By the way, there is at least one school that has a regular, core-curriculum, co
llege course on the subject of networking and social capital: the University of
Michigan. Wayne Baker, co-owner of Humax Corp. in Ann Arbor, Michigan, teaches t
he course. Well done, Wayne.
On a final note, if you think a course on this subject is a good idea, e-mail th
is article to the department chair of any business school you may know. If I'm l
ucky, the school where I teach may finally be interested-or if I'm not, I may ne
ed to find another teaching position.
Ivan Misner is a New York Times bestselling author and the founder and CEO of BN
I, the world's largest referral organization with over 3,300 chapters in 18 coun
tries around the world. His new book, Masters of Success can be viewed at www.Ma
stersofSuccess.biz. Dr. Misner teaches business at a Southern California Univers
ity (at least until this article is published) and can be reached at misner@bni.
com.
hose who respond to your ads, direct click-throughs to specific landing pages, i
nstead of your main page, where shoppers can find exactly what they're looking f
or.
4. Deepen your content. Product research is a top priority, particularly for wom
en shoppers online. Take time now to add in-depth content, from product reviews,
photographs, size charts and maps to pages on your company background and execu
tive bios. It's essential to have enough information on your site to persuade sh
oppers to complete their transactions there-rather than move on to other sites t
o further their research.
5. Make shopping easy. Saving time and convenience are two of the primary reason
s shoppers use the Internet. So visitors to your site must find what they're loo
king for quickly and easily. Adding an on-site search facility has been shown to
prompt consumers to buy more often and spend more per purchase. Also, offer qui
ck checkout for repeat buyers and consider adding live online customer service d
uring peak hours so customers with questions can have them answered immediatelywhile they're actively shopping on your site.
6. Reduce cart abandonment. Most shopping carts are abandoned because of "surpri
ses" such as added tax and shipping costs, which are only factored into the pric
e of a product once a user makes the decision to buy. To eliminate this problem,
simply supply these prices upfront. You may even choose to offer free shipping,
which has proven to be a strong sales incentive. Offering multiple payment opti
ons can also translate to more sales. A study by CyberSource found that websites
with four or more payment methods got sales conversion rates of 72 percent.
7. Protect customers' privacy. Keeping personal information secure is a top prio
rity for many online shoppers. And this goes far beyond using a secure connectio
n for online transactions. Is your privacy policy displayed prominently on your
site? For maximum sales this holiday season, it pays to reassure customers that
the personal information they choose to share with you will be used only to enha
nce their shopping experience.
2. Arm extensions: Extend your right hand from the shoulder to reach for the han
d of any new contacts you meet. Shaking hands is an important part of making a n
ew contact. Not extending the hand of friendship can be perceived negatively. It
sets you apart as being aloof and cold. There are all kinds of things that have
been written about the right way to shake the hand of a new contact: the two-ha
nded shake, the elbow hold and so on. Just be courteous and warm, and I'm sure h
owever you shake hands you'll make a good impression, as long as you aren't the
dead-fish-shaker type!
3. Jaw flex (to follow immediately after arm extensions): Let the new contacts k
now succinctly who you are and what you do. Make sure to be specific and provide
a benefit statement about your services. Don't forget that a good networker has
two ears and one mouth and should use both of them proportionately-so give the
jaw a little break.
4. The splits: Now that you're getting warmed up, move into the splits. As you s
ee groups of two or three, notice if they are "open" twos and threes or "closed"
twos and threes. The open twos and threes will have a gap between the individua
ls, almost inviting another person to join with them. The closed twos and threes
will be completely self-absorbed and wouldn't be the first place to start pract
icing the splits. If you feel uncomfortable doing the splits on your own, ask th
e person hosting the event, or perhaps the individual who invited you to attend,
to come around with you and introduce you to clusters of people.
5. Drop and carry: Ask for your new contacts' business cards. Drop them into you
r left pocket and carry them back to your office. I usually carry my own busines
s cards in my right pocket and use the left pocket to carry the new contacts' ca
rds. This habit can spare you the embarrassment of reaching into your pocket for
your card and coming up with someone else's card!
Prior to dropping the contacts' cards in your pockets, jot a note of some kind o
n the back of their cards. You might make a note that will help jog your memory
about them, or you might realize you have an article in your files or a contact
to send their way. It's important that the new contacts see you making a note on
their cards. This sends the message that you're planning to keep their informat
ion and refer back to it later.
When exchanging cards with someone, I always like to write something on the fron
t of my own card before handing it to them-perhaps my cell phone number or somet
hing else to personalize the card. Research on retention of business cards has s
hown that people are less likely to throw away a card that has personal informat
ion handwritten on the front. I always give a couple of my cards to each contact
, requesting that if he or she knows anyone who might be able to use my products
, to please pass on the extra card.
6. Arm curls: Reach down to the telephone receiver, lift it off the cradle and c
url it toward your head as you bring it to your ear. Follow up your networking e
vent with personal contact. For the purpose of networking aerobics, we've used t
he example of the phone. You might wish to follow up via e-mail or by sending no
te cards-just do something to put you back in the new contacts' minds.
7. Cool down: Everyone knows that to avoid injury after working out, you need to
cool down and gently let your heart return to its resting rate. After attending
a networking event, you need to do a cool-down exercise as well. We recommend r
ecording the event's contacts in a journal format or utilizing an event form, su
ch as the one in Business by Referral, a book I co-authored with Robert Davis.
There are also computer programs you can purchase which will allow you to record
the results of the networking event. Referring back to the documentation from t
he exercises you did at the event will help you cultivate the contacts into a bu
mper crop of referral business.
As you attend various networking events to promote your businesses, keep these e
xercises in mind and remember: no pain, no gain! You've got to put yourself out
there in order to develop a word-of-mouth-based business.
Ivan Misner is a New York Times bestselling author and founder and CEO of BNI, t
he world's largest referral organization with over 3,100 chapters in 17 countrie
s around the world. His new book,Masters of Success can be viewed at www.Masters
ofSuccess.biz. Misner teaches business at Cal Poly University, Pomona and reside
s in Southern California with his wife and three children. He can be reached at
misner@bni.com.
ttached to them that couldn't be repeated, leading him to believe that the resul
ts were coincidental.
This misconception happens when someone focuses on the referral rather than on t
he relationship that produced the referral. This interpretation led Mike to the
inaccurate conclusion that the results were coincidental.
It's no more coincidental that people receive regular and consistent referrals f
rom the people in their network than it is that a fisherman who casts a net catc
hes fish. The fisherman concentrates on his action of casting the net, not on th
e individual path of one of the fishes that swam into it. If he did base his dec
ision on that one random fish, he would quickly come to the same conclusion Mike
did: That it was coincidental.
The reason Mike focused on the referral and not the relationship is because he d
idn't understand that building effective and profitable relationships is a syste
m. In fact, he had never been trained on how to systematically build mutually pr
ofitable relationships. In his early training, he was taught about products, cus
tomer service and cold calling. When he did receive referrals, he had no idea wh
at specific actions he had taken that had caused it-so he was simply thankful fo
r his good luck and went back to what he knew.
When it comes to networking, "luck" is where persistence meets opportunity. Ther
e is no coincidence about repeat referrals. It comes from the day-to-day activit
ies of building relationships. Although it can't be measured as easily as tracki
ng cold-call ratios, the results are dramatic and almost never coincidental. Rep
eat referrals happen because you've laid the groundwork through professional rel
ationships.
Art Radtke contributed to this article.
Ivan Misner is a New York Times bestselling author and founder and CEO of BNI, t
he world's largest referral organization with over 3,100 chapters in 17 countrie
s around the world. His new book,Masters of Successcan be viewed at www.Masterso
fSuccess.biz. Misner teaches business at Cal Poly University, Pomona and resides
in Southern California with his wife and three children. He can be reached at m
isner@bni.com.
hat using mass media to advertise your business shouldn't even be an option for
you. While the allure of TV and radio ads can be intriguing, for neighborhood bu
sinesses, it's often the fastest path to bankruptcy. Mass media covers an enormo
us amount of geography, which you're paying for. So why reach out to those who w
ill never drive the distance to see you?
Getting Started
So where do you start? As obvious as it may seem, you begin by being a good neig
hbor yourself. Maintain the appearance of your business-keep it clean and profes
sional. Be sure your location is meticulously maintained and looks like a place
you're proud to pull up to each day. A business that is unkempt or untidy gives
customers the impression that this is how you'll conduct your business. First im
pressions really do count.
Next, look for opportunities to get involved in neighborhood functions, like spo
nsoring a little league team. Consider having a customer appreciation party. Thi
nk of yourself as running the general store of years past, where the owner knew
the names, birthdays, anniversaries, fortunes and misfortunes of each and every
customer. These general store owners were involved in their communities, churche
s, local festivals, fundraising events and the like.
Seek out neighborhood gatherings and figure out how you can get involved. Imagin
e dropping by a neighborhood block party with a case of free refreshments courte
sy of your company. How about sponsoring an activity for the children at one of
these events? Show you care about the firefighters and police officers in your a
rea by sponsoring a discount day especially for them. These kinds of activities
are what ignite the buzz within your neighborhood.
Focusing on your neighborhood requires a focus on those that are new to your are
a-don't miss an opportunity to welcome new neighbors. Did you know that the aver
age American moves every 5 years? That means that as many as 20 percent of your
current customers will move in the next 12 months--and that many new people will
be moving in. So buy a list of the new residents that move into your market are
a each month, and send them a coupon for a free product or service to familiariz
e them with your company.
Whether you operate a restaurant, flower shop, dental office, dry cleaners or so
me other neighborhood business, new neighbors can be an important element of you
r neighborhood-marketing plan. New movers will spend more money on products and
services during the first 60 days than an established resident will spend in 2 y
ears. They're also open to trying new product and service providers during this
all-important "habit forming" stage. In some industries, redemption rates on new
neighbor programs can run strongly into the double digits.
Just ask Ray Villaman, a Dryers Ice Cream shop franchisee in Oakland, California
. "We consistently pull a 20 percent redemption rate on our new neighbor program
," says Villaman. "This is something we do on a regular basis with new neighbors
--we always give them a free sundae at no cost to them at all. It isn't long bef
ore we notice their faces again and again with repeat business."
While marketing to new neighbors often translates to just a few hundred names ea
ch month, over the course of a year, that can mean several hundred new faces tha
t come into your business. Make your new-neighbor offer compelling, and you can
reap huge rewards from this profitable group.
Developing Ideas
One of the most effective things you can do is create excitement about your busi
ness. And that doesn't have to be expensive. Think of low-cost things you can do
that will create a buzz about your business, things that will get people talkin
g.
Here's a great example: I had a friend who once owned a small caf that only had a
bout 20 tables. One of the tables was close to the door, and no one ever wanted
to sit there. One day, my friend decided to label the table "the worst table in
the house." Best of all, if you opted to sit there, he'd take 50 percent off you
r entire bill.
Did he see results? You bet. His brainstorm created a buzz about his caf. Within
a week, people in the neighborhood were talking about his caf and the table they'
d sat at last night where they got their dinner for half price. There were some
evenings when people would wait as long as 45 minutes to get that table. This ty
pe of internal marketing is what fuels word-of-mouth advertising within your nei
ghborhood, and it doesn't take big advertising dollars to do it.
If you lack the creativity to develop these neighborhood marketing ideas on your
own, don't worry, there are resources you can turn to for help. One of the best
I've found is Tom Feltenstein's book on the topic, Tom Feltenstein's Encycloped
ia of 401 Proven Killer Promotional Tactics.
The bottom line is, you don't need to have a huge advertising budget or hire an
advertising agency to help you compete with big budget companies and win. Neighb
orhood marketing is about competing in the trenches that exist within your own b
ackyard. It's about relationships, creativity, great merchandising, great employ
ees, and knowing your customers and exceeding their expectations. Effective neig
hborhood marketing tactics are at the core of the most successful small business
es in the country-and many of the billion-dollar companies that have made it, to
o. The successful delivery of this is a lot harder than writing a check to place
an ad, but without adopting its principals, there's no reason to be in business
.
Brad Kent is the president and CEO of SmartleadsUSA LLC, a specialty list and di
rect mail services company in Palm Harbor, Florida.
With that in mind, consider this. The next time you're attending a networking mi
xer, take note of how people stand physically grouped together. You'll find that
people stand with their bodies clearly indicating whether or not they're open t
o having someone approach and join them or not. In other words, literally look f
or "open" vs. "closed" groups.
What do I mean by open vs. closed groups? Compare diagrams B and C below. You'll
note that in diagram B, the two people are standing parallel to one another wit
h their shoulders squared off in a way that doesn't make it easy for anyone to e
nter the conversation. It is a "closed two" group. However, in diagram C, you wi
ll note that the two parties are standing slightly askew, which makes it easier
for someone to join the conversation. This is an example of an "open two."
The same rules apply to groups of three individuals. When they have closed the c
ircle, it indicates that they're having a more private conversation or aren't in
terested in meeting someone else at that moment. This would not be the group to
break into and introduce yourself.
Sometimes, the closed threes do open for a time and then reclose. As you watch t
he group, take the opportunity to come in the group during the times when they a
re physically open. This usually indicates the ebb and flow of conversation and
lets you know that there's a break in the intensity of conversation, or at least
in the privacy of the conversation.
When three people have opened their circle, usually with a slight break between
two of them, you can clearly see that there's room for another person to join in
the group. These are the configurations to look for in a group of people where
the majority of them are businesspeople you don't know.
Being able to read any size crowd and gauge when to come into a group of two, th
ree or more people who are networking is an acquired skill. If you aren't able t
o learn this concept, you might be destined to attend event after event and fina
lly make the presumption that networking events aren't a good way for you to mak
e connections or develop new networking partners.
This couldn't be further from the truth. You must put yourself out there into th
e mix for it to work. I like to say, "Networking is a contact sport." In order t
o make those connections, you need to successfully gauge the warmth of the small
er gatherings of people at the mixer.
Take another look at diagram A, above. Can you spot the open and closed groups?
It's amazing how the same diagram makes sense when you look at it from the persp
ective of open or closed groups.
Often people who attend the mixer together will stay grouped together for the en
tire event. As the event unfolds, however, they'll open and close their grouping
. I've seen this happening and watched as networkers who were savvy to this conc
ept came into the grouping as it opened, met the attendees and then moved around
the room meeting others, collecting business cards of future contacts for their
successful networking efforts.
By utilizing the analogy of open and closed threes, you'll find that the next ne
tworking mixer you attend will be more profitable, as well as more enjoyable!
Ivan Misner is a New York Times bestselling author and the founder and CEO of BN
I, the world's largest referral organization with thousands of chapters in dozen
s of countries around the world. His new book, Masters of Successcan be viewed a
t www.MastersofSuccess.biz. Misner teaches business at Cal Poly University, Pomo
na and resides in Southern California with his wife and three children.
s. You never know whom it is who knows just the right person to introduce to you
r business.
Focus on the quality of the relationships you develop and cultivate those relati
onships on all levels. The diversity of your contacts is much more important tha
n looking for the "big guys." You'll be amazed how much better this approach wor
ks in the long run.
Truth or Delusion? People who like, care and respect you will refer business to
you. You guessed it: This is absolutely a delusion! How often do you regularly g
et a referral from your mom? Yet you'd certainly be right to expect a referral r
elationship from those closest to you, such as friends, family members and other
close associates.
The problem is, we don't remember that we need to train the people with whom we
have the closest relationships on how to refer business to us. It's true! We nee
d to educate them as well on how to listen for people who might need our product
s.
Teach those closest to you to listen for the "language of referrals." When peopl
e say words like "I want" "I need" "I can't" "I wish" or "I don't know who," wha
tever they say next could be a referral. When we teach our referral sources how
to listen to the language of referrals, then we provide the tools for them to re
fer business to us.
Truth or Delusion? It's best to limit the number of networking groups you belong
to. Truth! Networking is more about farming than it is about hunting. This mean
s you need time to cultivate the contacts you make. In a recent survey of almost
1,800 businesspeople my company did, almost 32 percent of respondents attended
eight or more networking events a month. One-third of that group attended betwee
n 12 and 20 networking events a month!
Building your business through word of mouth is not a contest to see who can att
end the most meetings. It's about building the best relationships! Therefore, yo
u must be selective about your efforts and focus not only on attending meetings
but also on building bonds with the people you meet at those meetings. Unfortuna
tely, it's all too common for businesspeople to focus on breadth--not depth--in
their networking.
Truth or Delusion? The best way to ensure referral success is to follow the Gold
en Rule: Treat your referral sources the way you would want to be treated. Unfor
tunately, again, this is a delusion. While this may seem like a "trick question,
" it's not. All too often we deal with our referral sources the way we'd want to
be treated. If we want to strike a chord with them, however, we need to keep in
mind that it's important to remember what they want and need. The referral proc
ess is more emotional than it is factual. It's crucial that you find out what's
important to the referral source in order to maintain and develop the relationsh
ip.
Truth or Delusion? Referral marketing is the safest form of advertising. This on
e's definitely a delusion! When you give a referral, you give a little of your r
eputation away. If the business you've referred someone to does a good job, it h
elps your reputation. But if they do a poor job, your reputation may be hurt.
The payoffs of referral marketing are immense--when done right! But it involves
a really big risk: giving away a piece of your reputation every time you give a
referral to someone. When you tell a valued customer that a friend of yours is g
oing to take good care of them, you must have confidence in that friend.
But what happens if your friend lets your customer down? It comes back to haunt
you. Your customer begins to lose faith in you, and because of that loss of fait
h, you just might lose that customer down the road. This is why it's so importan
t to develop strong relationships with those to whom you're referring business a
nd vice versa. Once those strong connections are forged, you can rest easy, know
ing when you tell someone a business associate or networking partner is going to
take good care of him or her, that will happen.
These are just a few of the "truth or delusion" examples we've come up with. If
you can think of others, feel free to them to me.
Ivan Misner is a New York Times bestselling author and the founder and CEO of BN
I, the world's largest referral organization with thousands of chapters in dozen
s of countries around the world. His new book, Masters of Successcan be viewed a
t www.MastersofSuccess.biz. Misner teaches business at Cal Poly University, Pomo
na and resides in Southern California with his wife and three children.
letter that I'd give to the people in my extended network to make it very easy
for them to refer me for a speaking engagement.
Here's a sample of the letter I used to send to program chairs when I owned a co
nsulting firm in Southern California. You'll see that I was offering much more t
han a one-hour sales pitch for my service:
Dear Program Chair:
AIM Consulting is a management consulting firm that works with small and midsize
businesses. During the past two years, we've given a presentation entitled "Ent
repreneuring in the 80's" to more than 60 service organizations such as yours. T
he presentation deals with managing and motivating employees. It involves partic
ipation and interaction with the audience and leaves time for questions at the e
nd. Here are some of the comments we've received:
"Fantastic, every service club must hear!"
East LA Rotary
"One of our best...Ivan kept everyone excited."
Alhambra Optimist
"An excellent talk by an excellent speaker."
Irwindale Rotary
"Excellent, highly recommended, got a lot of questions."
Hermosa Kiwanis
If you're interested in this topic, we'd be glad to visit your club to give this
presentation.
Please feel free to contact us if you have any questions.
Sincerely,
Ivan R. Misner
President
I'd take the above letter to networking meetings and give it to people who knew
me and wanted to refer me but didn't know how. I ended up getting a lot of busin
ess this way. In fact, one of my largest clients came from a speaking engagement
I got using this system.
Just one person who contacts you because of this letter can position you in fron
t of numerous businesspeople who might be in the market for your product or serv
ice. Once you have the opportunity to make these types of connections, you never
know where they'll lead.
On a related note, I found that it was very important to give the audience somet
hing to take away that would bring them back to me. For example, for me, it was
a behavior profile instrument. I told them they could take this back to their of
fice, give it to any employee, have them fill it out and mail it back to me, and
I'd give them a free four-page analysis of the behavioral characteristics of th
at employee so they could better understand how to manage that person. By using
this tool, I almost always got one or more companies to follow up after I spoke.
Let me give you an example of how a business owner might position himself to be
a speaker at an organization's weekly meeting. Take the case of a hardware store
owner I once knew. You might wonder how a hardware store owner could appeal to
a program chair who's looking for someone to speak to a business group. The topi
c of home safety is a very timely message. Who better than a hardware store owne
r to fashion a presentation on home safety and give viable tips on things to do
around the house to be sure that the home environment is free from hidden--and n
ot so hidden--dangers.
Of course, the members present at that meeting might have a need to take care of
some of the things the presenter brings up. Who do you think they're going to c
ontact for that? Bingo! That week's speaker is just the person for the job.
The key is to go in with information and education...not a huge sales pitch. Peo
ple don't like being sold to, but they do like to buy! A great presentation can
motivate your audience to want to buy what it is you have for sale. Not only tha
t, a great presentation can also position you favorably for extended networking
with the members and their contacts.
This technique made my company easy for anyone to refer, and it got me a lot of
clients while I was busy building my business. Most important, this technique ca
n work for almost any business. Next time you think of rubber chicken, think lev
1. Choose who to lose. Inclusion is directly tied to exclusion. The Law of Magne
tism says that attraction can be no stronger than repulsion. In the example abov
e, I'm choosing to lose bargain-hunters and posers. (Not that there's anything w
rong with bargain hunters or posers. In another campaign, I might target them wi
th great success.) When you're saying the right thing, you'll be surprised at ho
w many people suddenly become "the customer you needed to reach."
2. Gain their attention. If the reader/listener/viewer isn't with you, you're to
ast. We live in an over-communicated society whose attention has been fractured
by too much media. So never assume that people will be paying attention to your
ad. Assume instead that you must wrestle their thoughts away from powerful image
s and distractions that are tugging at their mind. "If the lowest price is all y
ou're after, this isn't the camera for you." That headline or opening statement
attracts the quality-conscious consumer to the same degree that it repels the ba
rgain hunter. The only task remaining is to explain precisely why our camera is
worth the premium price we ask.
3. Surprise them with your candor. Traditional hype and ad-speak make today's cu
stomers deaf and blind. They can smell hype and phony promises a mile away, and
they're turning away from them in greater numbers every day. So bluntly tell you
r prospects the truth. Confess the negative, or they won't believe the positive:
"Another downside of this camera is that it's not the sleekest, prettiest one i
n its price class. No one is going to tell you how cool your camera looks. The u
pside is that it takes far superior pictures."
4. Make it make sense. Believability is the key. Tell your prospects how and why
your product can deliver what it promises. Take another look at the ad above, a
nd you'll see all the reasons people should purchase this camera.
See what I mean about choosing who to lose? Are you beginning to understand the
power of candor.
I promise that targeting-through-copy works. But do you have the guts to do it?
Roy William's is Entrepreneur.com's "Advertising" columnist and the founder and
president of international ad agency Wizard of Ads. Roy is also the author of n
umerous books on improving your advertising efforts, includingThe Wizard of Ads
and Secret Formulas of the Wizard of Ads.
Working from home has its own unique rewards and challenges. And although most o
f the networking techniques that work for any business work for most homebased b
usinesses, there are at least two important issues that I think apply to a homeb
ased business more than any other.
The first relates to introducing yourself to others in networking environments.
One important thing I learned while being a homebased business owner related to
how I promoted myself at networking groups or when meeting people one on one.
My opinion in this area rubs some homebased business owners the wrong way, but I
feel strongly about it: When networking, I don't recommend you share that you r
un a homebased business. I believe this characteristic is what I call a "neutral
/negative" feature of your business. That is, telling people you meet in network
ing environments that you "work from home" has either a neutral or a negative im
pact because it either doesn't matter to them, or they're not impressed that you
operate your business out of your house.
When I worked from home, I rarely, if ever, met anyone who said, "Oh, fantastic,
you work from home--I must do business with you!" Working from home was just no
t something that I found made people "want" to do business with me; therefore, w
hy should it be emphasized when meeting people through networking?
I open with this issue because it's something that I see done to this day. Often
, when I attend a networking function, I see someone stand, say what they do, ho
w people can refer them and then add at the end that he or she runs a homebased
business. I believe that bit of information will generally have no impact or a n
egative impact on what people think of your potential abilities--it almost never
has a positive impact on people wanting to do business with you. (Please note t
hat I never hid that my business was homebased. I simply didn't bring it up unti
l after I had a business relationship with the individual.)
The second issue relating to networking that I think is more important for homeb
ased business owners than the average business owner is that it's important to b
reak out of what I call Cave-Dweller Syndrome.
I find that many homebased business owners seriously suffer from Cave-Dweller Sy
ndrome. (See my article on word of mouth marketing for more advice on this topic
.) Here is how the non-homebased business owner suffers from this syndrome:
He gets up each morning in a large cave with a big-screen TV--his home. He goes
out to his garage and gets into a little cave with four wheels--his car. He goes
to another really big cave with plenty of computers--his office. At the end of
the day, he gets back into his little cave with four wheels and drives back to t
he large cave with the big-screen TV and can't figure out why no one is referrin
g him.
For homebased business owners, it's far worse because they don't even leave thei
r large cave with the big screen TV to go to the cave with the computers. They'r
e one and the same!
And it's even harder for those working from home to get out of their caves. So f
or you homebased business owners who want to build your business through word of
mouth, you have to be visible and active in the community by participating in v
arious networking groups and/or professional associations. It's critical for you
to join organized networking groups and professional associations that will get
you out of your cave. These kinds of groups include: Casual Contact Networks (l
ike your local chamber of commerce), Business Development Networks (like my own
BNI), professional organizations (almost all professions have one), and service
clubs (like the Rotary or Lions Clubs).
Look for other ways to be very visible in your circle of influence. For example,
be active in your child's school PTA or your church. Keep your eye open for opp
ortunities to be involved in groups of people who come together for a common cau
se.
These opportunities will afford you the chance to build relationships, and that'
s what social capital is all about. Visibility leads to credibility which, in tu
rn, leads to profitability. (See my article on building relationships that last
for more tips on the topic.)
The bottom line is, networking doesn't change too much whether your business is
based from home or a corporate location. But there are a few key points to remem
ber that are specific to working from home. The dynamics of developing a strong
word-of-mouth-based business transcend your business location. The caveat for th
e homebased business owner is that you'll have to be even more diligent and focu
sed about finding those networking opportunities.
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author--his latest book is Masters of Success: Proven Techniques for Achieving S
uccess in Business and Life.
selling your product or service for you. Your network member could persuade a pr
ospect to write a check for your product, then have you mail or deliver the prod
uct to your new customer. If you do so swiftly and cordially, you may gain a new
lifelong customer.
Suppose a customer you know well tells you a friend of his wants to buy your pro
duct. How should you respond? By telling him to have his friend contact you? By
asking for information about the friend? The correct answer is neither. While yo
ur interest is still hot, let your friend, the customer, take your product and s
ell it to his friend, the prospect (if he plans to see his friend in the near fu
ture, of course).
Editor's note: This article is excerpted fromBusiness by Referral.
Ivan Misner is Entrepreneur.com's "Networking" columnistand the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling a
uthor--his latest book isMasters of Success: Proven Techniques for Achieving Suc
cess in Business and Life.
internet users perform online searches. These are customers who have an idea of
what they want to buy and are looking for the right vendor.
When your best prospects search online for what you market, does your company sh
ow up near the top of the search results? If not, you may be losing sales since
sites that appear on the first page of a search result may attract as much as si
x times the traffic and double the sales of others. Advertising using paid searc
h with Google, Yahoo! or other major search engines ensures that your message wi
ll appear near the top of search results and receive maximum attention from onli
ne searchers.
2. Optimize your website. Another way to turn up near the top of search results
is to optimize your site. While it may take a bit of attention and patience, opt
imization can improve your site's ranking in organic (or natural) search results
, and positively impact your site traffic and sales. In fact, that was the resul
t for approximately 3,000 marketers surveyed by MarketingSherpa, who said organi
c clicks increased an average of 73 percent in the six months after optimization
.
You can improve your organic search rankings by: increasing inbound links to you
r site from high-ranking referrers, sprinkling keyword phrases throughout your c
ontent, and creating keyword-rich title tags and meta tags. Since the more links
you can acquire to your site from prominent referrers the higher your site will
rank, it's important to obtain them from prominent industry associations or Web
portals. It's also essential to sprinkle keyword phrases your prospects are mos
t likely to search for throughout the content on all your Web pages. Include you
r most important keyword phrases in your title tags (these are what the search e
ngines use as the titles of your listings in search results). And be certain to
create "description" and "keywords" meta tags that include your most important k
eyword phrases. If you're targeting local traffic, optimize your site by adding
local search terms to your tags.
3. Try online Yellow Pages. The Yellow Pages Association and comScore recently r
eleased a new study that claims while more consumers searching for local service
s or merchants turn to search engines than internet Yellow Pages, those who use
online Yellow Pages are more likely to convert to buyers--at least in five categ
ories, including the automotive industry, financial services, drugstores, home a
nd garden, and restaurants. In these categories, users who became buyers spent m
ore money per purchase. So while search engines accounted for 66 percent of loca
l searches and internet Yellow Pages accounted for just 34 percent, some busines
ses may find the online Yellow Pages to be a more cost-effective, high-return op
tion for bringing in qualified prospects and sales.
4. Advertise in print search corridors. The "demassification" of America has led
to media diversity--and an explosion of newspapers and magazines that address e
very topic or special interest imaginable. A search corridor medium is created w
hen the advertising and editorial focuses on a single topic. For example, the "B
usiness" and "Home and Garden" sections of your major newspaper are search corri
dors because readers know they can look there specifically for information in th
eir areas of interest. Suppose you wanted to buy a computer. You'd look in the s
ection of the newspaper where most of the computer ads are clustered and compare
prices--and you'd be shopping in a search corridor.
Which publications does your target audience turn to when they want information
on your types of products and services? Do those publications offer a section fo
r direct response advertising or other shopping or search opportunities? To buil
d sales fast, the trick is to place effective advertising in the media your pros
pects turn to when they know what they want--from model boats to prescription ey
ewear--and are looking for the right place to buy it. It's the best way to keep
sales hot this summer.
Kim T. Gordon is the "Marketing" coach at Entrepreneur.comand a multifaceted mar
keting expert, speaker, author and media spokesperson. Over the past 26 years, s
he's helped millions of small-business owners increase their success through her
company, National Marketing Federation Inc.
Stop by today for a free vase for your Mother's Day flowers.
All these headlines offer something of value to an interested prospect. They'll
all increase not only the attention your pieces get but your response rates as w
ell.
As you craft your call to action, you need to answer the following questions:
What is the purpose of your marketing efforts this time around?
What do you want people to do as a result of your marketing?
What action do you want recipients to take?
After you've answered these questions, you'll have a better idea of what hooks y
our pieces should contain. That'll help you design your pieces. For example, if
you're using print marketing to communicate to your target market, put these hoo
ks in a starburst graphic. If it's in an audio or video format, make it extreme,
loud and memorable.
The last thing to consider when you want your pieces to stand out from the crowd
is to create something that's a different size or has a different tone or is ou
tside the norm. This includes odd-shaped mailing pieces, extreme colors or messa
ges, and choosing odd times at which to approach your target market, like talkin
g about Christmas in the spring.
Carlsbad Brewery once dropped fake passports in the New York City subway systems
to notify their target market about a new product being introduced. Finding a p
assport was unexpected, something you don't see everyday. These messages got not
iced and are a great example of guerrilla marketing.
Holiday Inn Express is now advertising the "Number One Customer-Rated Showerhead
." Have you ever been asked to rate a showerhead? Holiday Inn discovered this wa
s important to their target market, and they're now communicating that message d
irectly to them. The most recent marketing communication I saw with this message
was a billboard.
Standing out in the marketing clutter will always be a marketer's challenge. Doi
ng it in guerrilla fashion will always be a marketer's solution.
Al Lautenslager is the "Guerrilla Marketing" coach at Entrepreneur.com and is an
award-winning marketing and PR consultant and direct-mail promotion specialist.
He's also the principle of marketing consulting firm Marketing Now, and preside
nt and owner of The Ink Well, a commercial printing and mailing company in Wheat
on, Illinois.
What generally happens is that the business runs along fine for a long period of
time and then suddenly, everything goes "haywire." The reasons behind the haywi
re can be discussed another time, but for now, because you need to get out of th
at type of situation as quickly as possible, let's look at how can you can turn
this around quick!
I'm going to go out on a limb here and make a few more assumptions. First, I'm g
oing to assume that a lack of customers means you have a bank account that's nea
r zero, so you don't have a lot of money to spend on marketing efforts.
Next, I'm going to assume that you aren't a wiz-bang when it comes to marketing.
You barely understand it, and you hate most of it because it costs you money an
d you never get a return from it, at least in your opinion.
The third thing I'm going to assume is that whatever type of business you have,
for one reason or another, you haven't been maintaining a customer database. Now
if you had a customer database of some kind, our job of turning this mess aroun
d would be much easier. But in this case, no database.
The fourth assumption I'm going to make is that your business depends on local t
raffic to keep the doors open. You could be in retail or food service or maybe y
ou're a contractor of some sort, but your company needs to draw people in from t
he surrounding areas in order to make a go of it.
Finally, I'm going to assume you can turn your negative attitude around--at leas
t for a month while we try to infuse some cash into your operation. And don't sa
y you don't have one. Just as a lack of customers means no money in your bank ac
count, the same can be said about what having no customers does to your outlook:
It sends it right into the pits.
But the last thing we can allow is for any new influx of customers coming throug
h your door or calling on the phone to come in contact with a bitter person who,
in many instances, blames--inaccurately, of course--their putrid business situa
tion on the very patrons that have the power of digging them out of their financ
ial mess.
The bottom line is, you've got to change your attitude, or least be able to fake
it, or you're not going to be able to pull this recovery off. So let's get star
ted saving this business...
First thing you're going to do is get one of those small, portable, sandwich boa
rd signs that can be placed outside your business during normal operating hours.
You would then put a captivating marketing message on each side of the sign. Pl
ease don't put something lame on it like "Open" or "Mike's Auto Repair." Instead
, go with "Burger, Fries $3.99 and Get a Free Drink!" or "Free estimates on air
conditioning repairs."
Don't leave the same message on the sign for days on end either. If you can must
er up enough creativity to come up with a different daily special, then so much
the better. And don't forget to bring the sign in at night. I'm still looking fo
r one of mine!
This sign with plastic letters shouldn't cost you much more than $150, and it ma
y just be the best marketing investment you'll ever make. Obviously the sign wil
l only be as effective as the marketing message on it. But you can be sure about
one thing: This sign will bring in business.
As a side note, let me just say that at some point, you're going to need to lear
n more about marketing. Any poor-performing business has marketing issues, and t
o survive long term, you need to either figure this marketing thing out or get s
omeone who can do it for you.
Some great authors have written books the "non marketing" business owner can rea
d, understand and apply. Jay Conrad Levinson's "Guerilla Marketing" books are go
lden. Dan Kennedy's The Ultimate Market Plan and The Ultimate Sales Letter are
wonderful books for a beginner. And my book, Killer Techniques to Succeed with
Newspaper, Magazine and Yellow Page Advertising was written specifically for th
e person who doesn't have a background in marketing.
Hiring a marketing mentor isn't a bad idea either. And while there are thousands
of consultants criss-crossing the country at any one time, if you choose to hoo
k up with one, please make sure you get one who has a lot of experience with sma
ll businesses. Many marketing consultants have experience with larger firms, tho
se companies employing hundreds if not thousands of people, but I've found the c
onsultants who really specialize in small businesses to number much fewer.
The second thing you're going to do is start a "door hanger" campaign. You know
what door hangers are, right? They're those small sheets of cardstock you hang o
n the doorknob of an outside door. And they're one of the cheapest and best mark
eting tools you could ever use. You can get 1,000 blank door hangers for about $
20 plus shipping. I did a quick search on the Internet and found many companies
that supply them.
Once you get them, you can create an offer or special of some type using simple
word processing software and then print them off using your own printer. The fly
in the ointment with door hangers is getting them hung. If I were you, I'd eith
er save the money and do it myself or hire a local kid or two to do it for you.
Do as many as you can every week. Door hangers are great because in many parts o
f the country, no one's using them and they do attract attention.
The final thing to do is create an inexpensive black and white, two-sided busine
ss card. Just have your typical business card information on one side, and on th
e other, put a compelling offer to visit your store or call on you for the servi
ce you provide. "Free" still works, so don't ignore the potential of using that
word in your offer.
One thousand, two-sided black and white business cards shouldn't cost you more t
han $40. And then you know what you're going to do with them? You and your relat
ives and friends are going to pass them out to anyone and everyone. And once tho
se are gone, you're going to print more. Got it?
There you go, a complete mini-marketing campaign that should not cost you more t
han $250 to get started. And you'll see measurable results in a matter of days.
Just keep repeating the process over and over until you reach a point where othe
r and more costly marketing tools can be brought into play.
Michael Winicki, the owner of Big Noise Marketing, has worked with more than 2,0
00 small businesses over the past 20 years helping them become more profitable.
Visit his website to find out how to get a free ad critique or a free over-the-p
hone business evaluation.
I have four suggestions to help you with your networking skills at conferences a
nd shows. If you apply the tips in these suggestions, you'll find you gain a who
le new level of networking at these events.
1. Make new friends. Conferences offer a great opportunity for making new connec
tions. If you attend the conference with an associate or friend, don't hang out
only with them during the event. Mix it up! Challenge each other by coming back
together only when you've each met 10 new businesspeople and have their cards. B
e sure to take at least two of each new contact's cards and share them with your
associate. In effect, this doubles the number of contacts you'll both come away
with.
When going into conference sessions, don't sit beside someone you've already met
. Instead, sit next to different people all day long. This may mean you have to
move out of your comfort zone: Attendees tend to stake out their "spot" at confe
rence sessions, but normally, there's no assigned seating. I encourage you to mo
ve around during the day.
Be sure to speak with the people on either side of you. Break out of the tendenc
y to just make that friendly nod and smile. If you also say, "Hi, my name is ...
" while stretching your hand forward for a handshake, the other person will auto
matically do the same. Always ask for the business card of the person you've jus
t met--and don't forget one for the friend you're attending with. Before moving
on to the next new contact, note the name and date of the event on the back of t
he card, as well as anything that will help you remember the person later.
2. Meet the competition. Trade shows are events where you can meet hundreds of p
eople if you have a booth. But don't forget about mixing and meeting the other e
xhibitors as well. They're all there to generate new business and meet new conta
cts, just like you are. Many times, I've seen more new business realized from th
e other exhibitors at the show than from the people attending. During the show,
take time to go from booth to booth to meet the other exhibitors, collect their
cards and give them yours as well. These are the people you'll want to follow up
with first after the event.
In order to make the rounds, you'll need to have a partner in the booth with you
. But what if you're a one-man show and don't have a partner? One thought might
be to bring in a customer who's very familiar with your company to hold down the
fort for an hour so you can make the rounds of the other exhibitors.
3. Let your voice be heard. If the conference has workshops, volunteer to speak.
Presenting at a business conference is a marvelous way to attain more exposure
for your company and your own area of expertise. In order to have this opportuni
ty, you'll want to plan for it in advance by meeting the coordinators of the eve
nt well ahead of time.
What I recommend is, when you attend a conference for the first time, make it a
point to introduce yourself to the person responsible for booking the topics and
speakers for next year's event. Begin developing a relationship with this indiv
idual for the next year now.
4. Be social. If the trade show you're planning to attend puts on a mixer or oth
er networking event, don't miss it! These types of events are wonderful ways to
make initial contact with people you've never met before. It pays to be there...
many times over!
Don't view these events as the chance to close a deal, but rather as the chance
to take the first step down the long, profitable road of friendship and mutual b
enefit with a new word-of-mouth marketing partner. The most important thing I ca
n impart to you is that you must approach this with a sense of wanting to learn
as much as you can about the other people you'll meet instead of trying to tell
them all about you.
Of course, all of this good advice is worthless if you don't engage in the criti
cal follow-up process after the event. So plan a time you can make a phone call,
schedule a lunch meeting or set up an e-mail exchange by way of following up. I
like to use a worksheet known as the G.A.I.N.S. Exchangefrom the book Business
by Referral I wrote with Robert Davis. I give this form to my new contact and as
k them to fill it out, then we go over our forms together, sharing with each oth
er our Goals, Achievements, Interests, Networks and Skills. After this one sessi
on, you and your new contact are ready to begin building each other's business w
ith referrals.
Keep these points in mind when you have the chance to attend a conference or a t
rade show, and you'll make the most of a great opportunity.
Ivan Misner is Entrepreneur.com's "Networking" columnistand the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling a
uthor--his latest book is Masters of Success: Proven Techniques for Achieving Su
ccess in Business and Life.
e'd send out approximately 30,000 catalogs to our "house file" or the businesses
that had purchased from us before. And we'd send out approximately 70,000 catal
ogs to company names from lists we would rent. These businesses had never purcha
sed from us previously. (Hope you're following the math because this is where it
starts to get good!)
From those 70,000 catalogs sent to people who had never dealt with us before, we
'd earn about $70,000 in sales or just about $1 per catalog. Considering that it
cost about a $1 just to produce, print and mail each catalog, you'd be right to
bet this wasn't the best way of becoming independently wealthy! But you know th
at business after business out there--all up and down Main Street, in home offic
es and on the internet--are doing the exact same thing. They keep using up their
marketing budgets trying to attract new prospects--while forgetting all about t
heir old customers.
Now let me tell you what happened to the catalogs sent to the customers who'd or
dered from us before. Those 30,000 catalogs would generate, on average, $450,000
in sales. If you're paying attention--and you should be now--that's $15 in sale
s for every catalog we sent out. I bet you could stand a cool $15 return for eve
ry dollar you spent on marketing, couldn't you? The fact is, catalogs are one of
the few marketing vehicles I know that, when unleashed on a list of your past c
ustomers, can return a bushel basket full of money. The question now becomes, wh
y are catalogs so effective?
Catalogs have the inherent advantage of just "being there." You have to move the
m and store them; even throwing them out requires energy. And for many people, c
atalogs are a prime source of reading material. It's still easier to read ink on
paper than it is to read dots on a computer screen. And please don't give me th
e lame, "I don't see why catalog marketing would make me money because I throw o
ut every catalog that comes through the door without even cracking open the cove
r." Let me remind you that the difference between a moneymaking promotion and a
money loser is quite often less than one person per hundred, so don't be so quic
k to dismiss the idea of a catalog, OK?
And what if you're not selling a product but providing a service? Can a catalog
benefit you?
What I suggest to any service provider I work with is to create a small catalog
featuring your service. Talk about your expertise. Talk about some of the assign
ments or jobs you've completed. Talk about the solutions you've provided to help
customers or clients out.
Now be aware that what I'm talking about isn't a brochure--brochures just beg to
be thrown away because their size and general lack of detailed information don'
t lend themselves to being kept. On the other hand, an 8" x 10", 12-page catalog
inherently has the space for more detailed information and is much more likely
to be held on to.
A catalog for a restaurant, for example, could be a combination menu with the hi
story of and stories about the business. A catalog for a florist could show a va
riety of their standard and custom designs. Say you run a beauty salon. You coul
d take finished photos of your clientele and, with their permission, put togethe
r a catalog of hairstyles.
And these catalogs wouldn't have to be the glossy, four-color, 72-page kind you
often get in the mail, either. I've come to realize that "cheesy" homemade-looki
ng catalogs are often more profitable than those "fancy" catalogs you get in the
mail--mostly because everyone gets sick of the fancy-looking catalogs and somet
hing a little different tends to stand out.
Then once you have a catalog, I'd use it like a business card and give it to any
one and everyone I met, but I'd specifically try to get it into the hands of peo
ple who had previously done business with me.
A great many smart e-commerce business owners have come to realize that offline
marketing like a print catalog is often the best marketing investment they could
make. Rising pay-per-click costs, spam filters and too many affiliate programs
are making online businesses both more expensive and less effective than they've
ever been.
But the number of internet-related businesses that don't have a print catalog qu
ite frankly astonishes me. Don't all these website owners know they're losing mo
ney hand over fist? Remember, once a website is out of site--off screen--it's ou
t of mind for the person sitting in front of the screen. But having a catalog ar
ound the house to pick up and look through triggers customers to think about ord
ering again.
Remember this: Just because a particular marketing tool is a little long in the
tooth doesn't mean it can't put a few extra "Ben Franklins" in your wallet.
Michael Winicki, the owner of Big Noise Marketing, has worked with more than 2,0
00 small businesses over the past 20 years helping them become more profitable.
Visit his website to find out how to get a free ad critique or a free over-the-p
hone business evaluation.
thinking that developing good word of mouth is about providing "good customer s
ervice."
There's one other marketing strategy that a lot of people use as an alternative
to advertising and PR, and that is, yes, that's right, the "C word"--cold-callin
g! Cold-calling--just mentioning it makes me shiver. Given the other options, wh
o in his right mind would want to spend the rest of his professional life cold-c
alling?
Well, there it is, your marketing reality check. Given only these four strategie
s for increasing your business, I'd have to recommend advertising. However, most
businesses have a limited budget to spend on advertising. PR is best used in co
njunction with other marketing efforts. And I don't know about you, but many yea
rs ago I promised myself I would never do a cold call ever again for as long as
I live! That leaves only one other way you can effectively build your business:
by word of mouth.
A Cost-Effective Form of Advertising
Word of mouth is a form of advertising and, like media advertising, requires car
eful planning to achieve a worthwhile return for your time and energy. As you be
gin to use and benefit by word-of-mouth advertising, you'll see that it's a very
cost-effective medium. If you haven't developed a structured word-of-mouth mark
eting program to generate referrals, then you can't enjoy its benefits.
While many entrepreneurs recognize the value of referrals to their respective or
ganizations, they're not clear on how to consistently generate a large number of
referrals. Worse, they don't realize there's a segment of the population lookin
g for their product or service right now.
People Want Referrals
People don't want to go to the telephone book to pick a lawyer. People don't wan
t to pick a real-estate agent from the Yellow Pages--or an accountant, or a chir
opractor, or an insurance agent, or a dentist, or a mechanic. People want referr
als! Historically, the only problem has been linking the people who need service
s or products with the people who provide them. A structured word-of-mouth campa
ign begins by acknowledging that there's a segment of the public that wants you
and your service as badly as you want their business.
People from all walks of life want referrals--not just the business community, b
ut the general public as well. Few people want to choose a dentist, for example,
from a printed advertisement. People want to have more personal information bef
ore making such selections because whenever you choose a professional exclusivel
y from an advertisement and have no other source of information, you may be taki
ng a big risk as to the quality of service you will receive. With referrals, the
risk is greatly reduced. Someone else has done business with that person and is
recommending that professional to you with confidence.
Referrals Are Good Business
Compare a lead that you receive from an advertisement with a similar lead (that
is, referral) that you get from someone you know. The referred lead is easier to
close and costs less to obtain. Often, the referral provides a higher-quality c
lient or customer with less chance of misunderstanding or disappointment. When I
ask audiences why referral business is better than the business they get from a
ds, they say the referred business:
is easier to close,
has far fewer objections,
has a stronger sense of loyalty,
remains a client longer, and most important of all,
has a higher sense of trust.
Relying on the advice of a mutual friend or acquaintance, the referral starts wi
th a higher level of trust for you and your product or service. Getting dozens o
f people to send such referrals your way every day is what building successful w
ord-of-mouth business is all about.
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author--his latest book is Masters of Success: Proven Techniques for Achieving S
uccess in Business and Life.
through" is your sign that you got them. Bringing them back to your site gives
you other opportunities to engage them. On the page with articles, consider addi
ng ways for them to connect with you--"Call us for a free quote," "E-mail us for
more information," "Buy now" and so on.
A good e-mail marketing system won't just show you how many clicks you got, but
which articles got the clicks and which people clicked on the articles. This giv
es you two important clues. First, it tells you what topics are of most interest
to your audience. This should help you decide what topics to write about in the
future.
Second, tracking click-throughs sheds light on your prospects' and customers' in
terests. You can now segment your audience based on their interests. You can sen
d follow-up emails to those individuals who read a particular article. Or give t
hem a phone call to follow up. Which leads to the next big question...
How Do I Know When a Customer Signals an Intention to Buy?
Click-throughs tell you which individuals are interested in specific subjects. T
his is where you find customers ready to buy and waiting to hear more from you.
Your newsletter was the soft sell, now you can sell a little harder. Offer them
a free consultation, invite them to a seminar or a private sale--whatever works
for your business. Start your follow-up e-mail with "Based on interest from our
earlier article...."
And here's a rule of thumb worth taking to heart: If someone clicks on your arti
cles three times, that's a warm lead worth following up on, whether that's with
a targeted e-mail or a phone call.
In DoubleClick's recently released (DoubleClick Q1 2005 Email Trend Report) surv
ey results show that while overall industry open rates have dipped--as so much i
nformation competes for consumers' attention--both click-to-purchase conversion
rates and orders per e-mail delivered are up in 2005. Moreover, the report shows
that consumers respond to e-mails when they are cyclically "in market" for part
icular content for which they've subscribed. That means valuable, relevant e-mai
l content sent to customers and prospects who welcome it works to drive sales.
Reporting data is a goldmine of information about how your customers interact wi
th your e-newsletter. So take time to review your reports--note what works, wher
e new opportunities to target market segments may exist, and what needs improvem
ent. Make changes, then measure the results next time. In the long run, you'll s
ave time by using that feedback to create effective e-newsletters that call cust
omers to action. Give them something of value, build your brand loyalty, foster
sales and keep them clicking back for more.
Gail F. Goodman is the "E-Mail Marketing" coach at Entrepreneur.comand is CEO of
Constant Contact, a web-based e-mail marketing service for small businesses. Sh
e's also a recognized small-business expert and speaker.
URL: http://www.entrepreneur.com/marketing/networking/article79474.html
In my book, The World's Best Known Marketing Secret, which was written in the mi
d-90s, I discussed the six types of networks in which you should consider partic
ipating: casual-contact networks, strong-contact networks, professional associat
ions, service clubs, social organizations, and women's business organizations. I
f I were writing that book today, I'd definitely add another network that's grow
n substantially in the past few years: online networks.
When it comes to online networking, there are several ways to develop your wordof-mouth marketing, but it's important to understand that the foundation of maki
ng online networking work for you is the same as with any kind of networking--yo
u've got to develop relationships with trusted business associates.
How, then, do you go about developing networking skills, relationships and trust
in an online environment? Here are five ways to do it:
1. Join one or more online networking communities. If you're not sure where to s
tart, I'd recommend Ecademy. No matter which community you choose, however, afte
r joining, you need to participate in whatever way you can to best grow your pre
sence at the site.
Keep in mind that it's not enough to just join and have your name on the members
hip list. You have to focus on building relationships with the other members of
the community. This is a new concept to some; others of you will realize quickly
that you can develop real relationships with people you're meeting in cyber spa
ce.
So be active in the community. Post topics on threads that deal with your area o
f expertise. Respond to others' postings on other threads if the subject is at a
ll relevant to your area of expertise. Posting on relevant bulletin boards is a
great way to gain visibility, which can lead to credibility and eventually new b
usiness. And the more you're seen, interacted with and talked about, the more vi
sibility you'll gain on the site. One note of caution: Don't join too many onlin
e networking communities, or you won't be able to be involved effectively enough
to build relationships.
Here's another idea: If you're already in a live networking group and then join
an online networking group, consider creating a regional or national club or a s
ub-community for the members of your offline group. This will just expand the am
ount of networking you can do within your own organization!
2. Start a blog or write a regular column for a website or e-newsletter. Online
networking works best when you get plenty of "hits." If you can start a blog (ba
sically an online diary) on one of the larger blogger sites or online communitie
s, you'll create more buzz for yourself. As people read your content and become
familiar with you, they'll feel like they know you and that's integral to the ne
tworking process. Becoming an expert in an area and writing regularly about it c
an go a long way toward building your online networking opportunities.
3. Develop an e-mail newsletter for your own company. Create an e-mail database
of clients, customers and friends, and send them regular content that drives the
m to your own website. Be sure that your newsletters contain content that has a
broad spectrum of interest about your business. You might want to encourage clie
nts and customers to contribute to your content. In doing this, you'll build str
onger relationships with them, which in turn will help you increase the amount o
f referrals you'll receive.
4. Never forget that online networking is still about developing trust. With onl
ine networking, the bottom line is still the same as with live networking. In or
der to drive business to your company by word of mouth, you must focus on develo
ping real, personal relationships with people. Once you've established that foun
dation of trust, you'll feel comfortable referring people--and so will your netw
ork. The same hold's true with online networks, although it may take a bit longe
r to develop that trust over the internet.
Although there really are no short cuts, technology has made it somewhat more co
nvenient to connect with many more people. That being said, I cannot stress enou
gh that those connections aren't terribly valuable if there isn't trust, respect
and friendship being established. One place that teaches that online is www.Net
workingCommunity.com. This website is part of the CoachVille.com community but i
s open to coaches and non-coaches alike. At NetworkingCommunity.com, they teach
people about social capital and networking, and they do it in an online communit
y setting.
5. Understand that online networking has its own cultural norms. It's much easie
r to get "flamed" online than in face-to-face networking. Let me explain. If you
were to ask a total stranger to do business with you in a face-to-face setting,
it's pretty difficult for the stranger, because of cultural norms, to respond i
n an aggressive manner. Mind you, they're still not likely to feel comfortable w
ith your request, but they probably won't act visibly upset.
None of those cultural pretenses exist online, however, and people tend to be mu
ch more blunt when responding online than in a face-to-face meeting. With online
networking, I think that people feel it's easier to be more direct. The problem
is that the response is also more direct and may come across as aggressive or a
ntagonistic. So be careful whom you approach--build a relationship before you as
k for someone's business.
Online networking gives you breadth in your networking efforts. It allows you to
broaden your reach to anywhere in the world. Just don't forget that trust and r
elationship building are still as important as ever.
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author--his latest book is Masters of Success: Proven Techniques for Achieving S
uccess in Business and Life.
d possibly offline opportunities to promote your business. Do you want this sale
s force to dominate all marketing channels for you, or will you set restrictions
to prevent same-channel competition?
2. Is your compensation offer competitive? To find out, check out competing offe
rs on resource sites such as AffiliatesDirectory.com. You can also sign up as a
network affiliate to review offers in that community.
3. How will you help affiliates make more money? Yup, that's right--put your aff
iliates first, because by igniting their success, you'll be fueling yours. Creat
e various ads and persuasive copy blocks they can use. And consider writing a ne
wsletter with new-offer announcements, marketing tips and performance contests t
o help them perform even better.
You'll also need an affiliate management solution, which includes tracking link
assignment and performance reporting. You can save money by using an e-commerce
solution that includes a basic affiliate management tool; the higher-end version
s of 1ShoppingCart.com and Yahoo! Small Business Merchant Solutionsare examples.
Keep in mind that if you buy or lease tools, then you usually need to find and
woo your own affiliates.
Although you'll need to pay to join networks such as My Affiliate Program, Commi
ssion Junctionand LinkShare, you'll immediately tap into thousands of eager affi
liates and robust tools to help you optimize your program.
Speaker and freelance writer Catherine Sedaowns an internet marketing agency and
is author of Search Engine Advertising.
. Make your first contact with the prospect within 72 hours of getting the go-ah
ead. If your source can be present, the most advantageous contact is a face-to-f
ace meeting at which your source can introduce you. This introduction should be
more than just "Harry, this is Jerry. Jerry, this is Harry"; your source should
give the prospect a more thorough briefing about you, your business and your pro
ducts or services. For example:
"Harry Prospect, this is Vic Vendor, whom I was telling you about last week at o
ur club meeting. Vic and I have known each other for more than five years. For t
he past two years, I've let him handle all my travel arrangements, and I can't c
ount up all the dollars he's saved me, not to mention bench time in airport loun
ges. Vic's really active in the community; we're going to give him our service a
ward at our next chamber meeting. He's also a good golfer, and he skis a lot in
the winter, although I find it hard to believe because he's never broken a leg.
"Vic, Harry's been a very special customer of mine for at least fifteen years. H
is daughter and mine went to school together, and he let me cater her wedding th
ree years ago...."
During this first contact, your prospect may likely have questions for you, but
he typically won't ask them during this initial meeting unless he has an urgent
need for the kind of products or services you provide.
Drop a Line
If your first meeting with your prospect can't be in person, your best bet is to
write--a letter, a card, or email, for example--rather than to phone, as you di
d your prospective source. Writing gives you a better, more controlled opportuni
ty to convey what you've learned about the prospect. It helps develop your relat
ionship to let your prospect know you find him interesting enough to have taken
the time to learn a few facts about him--not the fact that he needs your product
s or services, but the fact that he's a member of the Downtown Executive Society
or that "Tom told me you're a great chess player." Express an interest in meeti
ng him, and advise him you'll be calling to schedule a mutually convenient appoi
ntment.
When you start composing your note to him, keep in mind that he may not have rea
d, or remembered, the materials your source sent him. So start by naming your re
ferral source--a name he'll recognize:
Dear Glen:
Joan Irvine, whom I understand was one of your students, recommended I get in to
uch with you. Joan tells me you're an avid butterfly collector....
Don't send business literature or your business card with your first corresponde
nce. Your stationary should have all the contact information your prospect needs
to reach you. Avoid giving the impression that you're interested in him primari
ly as a prospective customer.
Give the prospect some time to receive your correspondence before you follow up
with a phone call. When you do, and if your prospect agrees, try to schedule a f
ace-to-face meeting. Even if your prospect isn't receptive to that, offer to sen
d more information, and if the prospect indicates he'd like this, send it right
away--and don't forget to send a copy of your correspondence to your referral so
urce.
Ring Up
If your source recommends it and can guide you as to the best time to do so, you
can make your initial contact with your prospect by phone:
"Hello, Ms. Clearchannel. I'm Dr. Mark Star, and I'm calling you at the recommen
dation of Trudy Grossman."
"Oh, hi, Mark. Trudy told me about you. She's quite impressed with your book, wh
ich she sent me a copy of. I'd like to have you on my show. Can you come to my s
tudio two weeks from today?"
The above situation isn't just a fantasy--your prospect could decide immediately
to do business with you. If you've prepared the ground well, and if you're luck
y, your efforts may pay off on your very first call. Most often, though, the pro
spect--even a referral lead--will need more time or express an interest in talki
ng later about your products or services. (And even if they put you off, you're
almost certainly better off than if you'd made your first contact by cold call,
and bad--have helped put a personal touch on a company that many previously saw
as an evil empire. Not that the blog has changed everyone's perceptions, but it'
s certainly giving a human face to Microsoft and helping to soften its image a b
it, something that will ultimately impact business results.
Here are some additional advantages for businesses that blog:
Word-of-mouse. Because so many people have access to electronic forms of communi
cation, it's easy for information to spread quickly. If you have a great new pro
duct, an innovative idea or an exciting marketing strategy, you can be sure your
blog readers will pass it along via e-mail to others who will pass it along, to
o. Soon, your marketing message has reached hundreds if not thousands or million
s of people.
Speed. If something goes wrong or if you have quick-breaking news, a blog can ge
t the word--or your response--out immediately, much faster than any other form o
f media.
Awareness and loyalty. Purchasers of your product can read about it, post commen
ts and engage in discussion. You can respond. Others can comment. This personal
communication can create an open, honest, trust-building dialog that will make c
onsumers more aware, more willing to try your products and more loyal to your br
and.
Feedback. Businesses can find out immediately what people think of their company
, products and ideas. But be warned: This takes a thick skin, as all feedback is
not positive. But if you're really willing to listen, this information can be i
nvaluable. Better yet, feedback can be generated quickly--over days, if not hour
s. A blog can act like a never-ending focus group that gives a company great ins
ights into their consumers' thoughts, likes and actions.
Community halo-effect. Overall, most bloggers are friendly, helpful (by linking
to each other's sites), and eager to cooperate to make the blogosphere--the coll
ective group of blogs--a better place. By simply being an active part of the cul
ture, you get the benefit of the doubt and your product becomes one that blogger
s will consider purchasing.
Let me provide you with a personal case study that shows the power of blogs. Moo
se Tracks, one of the ice cream flavors produced by my employer, Denali Flavors,
is a top-seller and very popular with consumers who've tasted it. Yet there's s
till a large percentage of the population that's never heard of the product. As
such, one of Denali's business objectives is to generate awareness of Moose Trac
ks, an awareness that would lead to trial. Once tried, our experience has shown
that the product's taste will drive repeat business.
The company decided to accomplish this objective by creating a series of blogs a
imed at different consumer groups. The blogs would link to the Moose Tracks webs
iteand be designed to funnel visitors to the site. This way, awareness of the pr
oduct would happen naturally. In addition, the advertising and promotion costs w
ould be low compared to a traditional media effort.
Denali developed the following four blogs to address various consumer interests:
Moosetopia. This is the fun "entertainment" blog written by the Moose Tracks moo
se. This blog reinforces the fun nature of the product, and every post is an awa
reness-generating effort for the brand because of the author. (He doesn't even n
eed to talk about the product!)
Free Money Finance. This blog deals with personal finance with a tagline of "fre
e and simple advice on money and finance designed to maximize your net worth." A
s Denali's top-rated blog because of the popularity of the subject matter, this
site is "sponsored by" Moose Tracks ice cream, a graphic of which is positioned
prominently in the top right-hand corner of the blog.
Team Moose Tracks. This blog details the efforts of Denali's cycling team to rai
se money for an orphanage in Latvia. It contains biking tips as well as details
on the fundraising. This blog serves several purposes: It gains brand exposure f
or Moose Tracks and links back to the main site; it reflects positively on the c
ompany's--and the brand's--efforts to help a charity; and it's raising a signifi
cant sum of money to help the orphanage (more than $47,000 as of August).
Denali Flavors. Denali's most recent blog, this one offers an inside glimpse at
what goes on in the company. In the future, this site will serve to get comments
and feedback directly from consumers on a wide range of topics.
As each site was developed, it was promoted using guerrilla marketing tactics, s
uch as by posting comments on other blogs with links back to the Denali blog, tr
ading links with other sites, asking other sites for referrals, and writing arti
cles for other sites that would include a link back to the blog. All these tacti
cs drove traffic to the blogs which, in turn, drove traffic to the Moose Tracks'
site.
Since Denali's main objective is to drive people to the Moose Tracks' website, w
e measure the impact of the blogs by the effects on the main site. To date, the
blogs have helped Denali achieve the following results:
Site visits are up 25.7 percent.
Hits to the site are up 21 percent.
Total time on the site is up 23.4 percent.
These initial results are very positive, and the costs to get these results has
been very low: Other than our blogger's time, the company has spent less than $7
00 on these four blogs.
Want to get in on the action? Before you start blogging, be sure to review your
main business objectives and determine if blogging could help achieve one or mor
e of these goals. If you think it can, then you're ready to jump into blogging b
y doing the following:
Start reading blogs that teach you how to blog. As you might imagine, there are
several blogs dedicated to teaching people the dos and don'ts of blogging. Here
are ones I'd recommend:
ProBloggeris one of the best resources out there on how to become a great blogge
r.
The Blog Heraldoffers news about blogging. It often links to information or to-d
os that any blogger should know.
Radiant Marketing Groupoffers expertise on how blogs can be used by businesses.
BlogWrite for CEOsis designed for higher-level executives, but it still contains
a lot of good, basic information for someone just starting out--after all, many
high-level executives are beginning bloggers.
In the Denali Flavors blog, I regularly post articles on blogging that I think a
re among the best available. It's an easy way for you to get educated on bloggin
g without having to sort through all the articles that aren't worth your time.
Get the book, Buzz Marketing with Blogs for Dummiesby Susannah Gardner. Though t
he title suggests the book is about marketing, this is really a complete "how to
blog successfully" manual. I've read several books on blogging, and this one is
by far the best. It offers more specific details on everything I've covered in
this series.
Read blogs that are consumer-based, too. You can get a list of all the top blogs
at Truth Laid Bear. This site tracks traffic for blogs and makes the stats avai
lable to the public. After visiting the top blogs--which are most likely to be p
olitical blogs--at Truth Laid Bear, you'll need to branch out a bit. Some of my
favorite nonpolitical blogs include:
Boing Boing.This is one of the most popular blogs around--and for good reason. I
ts tagline is "a directory of wonderful things," and this blog delivers. You'll
laugh, you'll cry, you'll be amazed. Boing Boing has it all.
PostSecret.People write their secrets on a postcard and send them in. You won't
believe what they say--very eye-opening.
Luxist.OK, so most of us will never be able to afford the stuff the ultra-rich b
uy. But it's fun to look! This site highlights things only money--lots of it--ca
n buy.
TV Squadand Cinematical. If you're a fan of television or the movies (or both!),
you'll love the articles, insights and gossip found at these sites.
Or, if you want to find blogs on your own, search Google for blogs with the topi
c you have in mind. Poke around the results a bit, and you're sure to find sever
al you like.
Start several test blogs almost right away. Start blogs about whatever interests
you: your rose-growing hobby, your son's soccer training, news in your town, pr
o football. It really doesn't matter. Then test out different blog systems to se
e what you like best and what works for you. My suggestions:
Blogger.It's totally free, though it has limited functions.
TypePad.It's what I use and has great features and service.
BlogHarbor.This is also a great choice. It was a close second to TypePad for me.
Study blog design. I must admit, I know nothing about design. Fortunately, blog
services come with pre-designed templates. Still, you'll need an eye for color,
placement and web design. If you don't have these skills, find someone who does.
Select a topic. Obviously, the topic you choose needs to tie back to your busine
ss objective and be developed to drive results against that objective. But be op
en-minded: We never would have started Free Money Finance if we were just consid
ering ice cream or small-business topics. Instead, we thought out of the box and
now have a blog that's generated more than 30,000 visits in a few months.
Decide who's going to be allowed to blog and set policies. Choose someone to ove
rsee the blog and be the primary blogger; also decide if anyone else will be all
owed to blog. Then decide what they can and can't say. Parameters should be few
and limit the bloggers only when it could harm the company, such as by restricti
ng them from releasing confidential information. Of course, it's okay to be hone
st about not being "up to par" in every area of your business as long as the blo
gger isn't vindictive or demoralizing. Microsoft's Scoble's admissions that "we
stink in this area" have endeared the company to people who thought Microsoft wa
s a "know it all."
Begin blogging. Complete 20 posts (entries) or so before marketing. This gives y
ou time to work out the kinks, mess with the design a bit, and look like you've
been around for more than two days when someone stops by.
Start marketing. If you've read Buzz Marketing with Blogs for Dummies, you have
a list a mile long of great things you can do to market your blog.
Measure your results. Whether it's traffic to your main website, customer satisf
action, trial rates or product awareness, it's important that you get a pre-blog
ging benchmark. Then regularly get data updates to see how you're doing.
Adjust as needed. Cover different topics, market in different ways, modify your
design a bit here and there, and see what the reaction is. You'll quickly learn
what does and doesn't work for you. At Denali, we realized that Team Moose Track
s and Moosetopia just weren't popular enough to drive traffic on their own, so w
e recently moved them and now they're part of the Denali Flavors blog.
As you start to get some experience under your belt, you'll learn what works bes
t for you by trial and error. But here are a few suggestions based on my experie
nce that should give you a head start:
Be consistent with your topic at all times. Know your audience, and be sure to d
eliver the goods with every article. If you get off topic, your readers will giv
e you some grace, but they won't hang around long if you consistently go down a
bunny trail.
Try topics unrelated to your business that have broad appeal. As mentioned befor
e, Denali Flavors isn't a personal finance company, but finances are a popular t
opic. And since writing on money has been a hobby of mine for years, it seemed n
atural for us to create a financial blog. As a result, Free Money Finance has be
come our most popular blog.
Develop a schedule for updates. Set a schedule so your audience will know when t
o look for something new. I suggest starting with a Monday-Wednesday-Thursday sc
hedule and see how it goes from there. Friday is generally a light reader day, a
nd traffic really drops off on the weekends.
Make it easy to meet your objectives. Our objective was to drive traffic to the
Moose Tracks site, so we made it easy for people to get there by putting a pictu
re of the moose and "visit Moose Tracks" on the top part of every blog. If your
objective is to get customer feedback, ask for it and make it accessible. If you
r objective is to reveal a charitable side of your company, keep people updated
on what you're doing.
Use e-mail to kick-start your traffic. If you have an e-mail list, e-mail everyo
ne on it and introduce your new blog. Also have all your employees include a sig
nature on their out-going e-mails that lists your blog's URL and a short descrip
tion of what it's about. That way, every e-mail sent out is a subtle marketing m
essage.
Blogging can be an innovative way to meet your business objectives in a cost-eff
ective way. But because the blogosphere is relatively new, you may still have qu
estions. I'm willing to help you get started and offer my thoughts and feedback
as needed. We'll both likely learn from each other and make our sites even bette
r. Simply e-mail me if you need help. If you don't need any advice, please drop
me a note anyway if you set up your blog. I'd love to stop by and say "hi."
John Nardini is the executive vice president of marketing at Denali Flavorsand i
s responsible for developing strategic and tactical marketing plans designed to
increase awareness, trial and sales of Denali Flavors' brands.
There are also many industry associations that may want to hear your message. Ta
rget state and local associations at first, then move on to national association
s. Contact the executive director or educational committee chair to gage their i
nterest. Offer to speak for free in return for contact information of those who
attend your session. If you can't make that arrangement, give away a book or a p
rize at the end of your presentation. And be sure to collect business cards from
your audience to use in a drawing, then keep the business cards to follow up wi
th and market to these people over and over and over. Remember the rules of freq
uency in marketing: 5 x 1,000 is better than 1 x 5,000.
You can also offer handouts when you speak that contain content from your presen
tation. This gives your audience something of value to walk away with that won't
cost them a dime. If you're smart, you'll also provide product purchase informa
tion and ways for prospective customers or their friends and associates to get i
n touch with you for speaking engagements or further contact. This is when the s
peaking component of your marketing becomes viral: having others market for you.
Another way to use speaking arrangements to market your business is to participa
te on panel discussions. Those organizations or companies that put on panels nee
d experts, and you're an expert in something. So find organizations and conferen
ces that need your expertise and offer yourself as a panelist.
No one can communicate the passion you have for your product, service or company
better than you. If that's what you're speaking about, your passion will be obv
ious, and audiences notice things like that. If you're not passionate about what
you're selling or what your company is all about, then don't get in front of an
audience. An audience can detect a lack of passion as easily as they can detect
over-the-top passion.
Speaking in front of a group puts you at the center of attention. So before you
step into that spotlight, make sure you're prepared:
Don't be boring.
Have solid content.
Have a message.
Audiences like to walk away with ideas to implement immediately. Developing "sal
es oriented" speaking content is similar to developing content for a sales prese
ntation. Here are some topic suggestions that make interesting speaking content:
A solution to a problem or a challenge
Top 10 steps to a goal
Seven mistakes people make when they don't use your service
Real live examples
Stories
Anecdotes
A review of frequently asked questions about you, your business, your product or
your service
Secrets and inside information on your product, service or industry
Tips, techniques and tactics
Strategic considerations
The good thing about this guerrilla marketing method is that it's free. It's jus
t you using your time, energy and imagination to get your message to your target
market.
Al Lautenslager is the "Guerrilla Marketing" coach at Entrepreneur.comand is an
award-winning marketing and PR consultant and direct-mail promotion specialist.
He's also the principle of Market For Profits, a Chicago-based marketing consult
ing firm. His two latest books, Guerrilla Marketing in 30 Days and The Ultimate
Guide to Direct Marketing are available atwww.entrepreneurpress.com.
lationship. Wayne Baker calls this negative type of networking "coin operated ne
tworking"--you put something in and get something back right away. Serious netwo
rkers understand that developing strong social capital means that your focus is
on what you can give to your inner circle. There's a law of reciprocity and syne
rgy that can't be denied when you focus on giving referrals to those around you.
Think about how you feel when someone refers you to another person. You feel dr
iven to repay the favor likewise.
Scorched-earth networking doesn't work, because building your business through w
ord-of-mouth is about cultivating relationships with people who get to know you
and trust you. People do business with people they have confidence in. One of th
e most important things I've learned in the past two decades is this: It's not w
hat you know, or who you know--it's how well you know them that counts. If you g
o into this process understanding this one key point, you'll have a better oppor
tunity to build your business through word-of-mouth.
As you network, look around at what you leave behind. Are you creating relations
hips by building your social capital (farming, as opposed to hunting), or are yo
u leaving a scorched earth and many bodies in your wake?
Thanks to Soni Pitts for her contribution to this article.
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author.
2. Authorization to Use Name. Once a referral source has given you permission to
tell the contact she referred him to you, you can feel fairly certain that you'
ve established a good level of credibility with her. By allowing you to say that
she endorses your product or service, your source has given you valuable levera
ge with the prospects that know her. The problem with this type of referral, how
ever, is that the work of developing the prospect still rests with you. Once you
've conveyed that she recommends you and your business, the task of selling real
ly begins.
3. General Testimonial Statement and/or Letter of Recommendation and Introductio
n. It's a noteworthy accomplishment to develop a referral source to the point wh
ere he's willing to say and write nice things about you. This demonstrates that
you've built a moderate level of trust with him. Going a bit further and providi
ng you with a letter of introduction is even better, because this usually includ
es background information and a description of your product or business that's f
iltered through the lens of the author.
4. Introduction Call. This level of referral takes the effort on the part of the
referral source up another notch. The source who's willing to take the time to
make a personal phone call is committing to a phone conversation with a prospect
that'll require at least a small amount of preparation. The inferred purpose of
this call is to prepare the way for communication from you.
5. Note or Letter of Introduction, Call and Promotion. The impact of a letter fo
llowed by a call which promotes your business implies an even higher level of co
mmitment on the part of the referral resource because of the time required to do
both. Promotion is advocacy--an outright recommendation of your product and bus
iness accompanied by a description of its features and benefits.
6. Arrange a Meeting. By arranging a meeting for you and the prospect, your refe
rral source moves beyond the role of a promoter to that of a facilitator. She wo
rks out the details of getting you and the prospect together. In effect, your re
ferral source is acting as an active business agent. In the mind of your prospec
t, the referral source has made a serious commitment of time and energy on your
behalf, which conveys a deep trust in and approval of the product or business yo
u provide.
7. Face-to-Face Introduction and Promotion. Adding promotion to the in-person in
troduction increases the effectiveness yet again, because your referral source i
s now actively engaged in selling your product or business, rather than just bei
ng a meeting facilitator.
8. Closed Deal. After your referral source has described the features and benefi
ts of your product or business, he then closes the sale before you even contact
the individual. Nothing else is required of you except to deliver the product an
d collect payment. This is the highest level of referral you can achieve.
To get to the point where you're getting those 8th-level referrals, you'll have
to work with your referral sources and tell them what you would like from them.
This develops over time, as well. The better someone knows you and is confident
in and sure of your business, the more frequently you'll receive these higher qu
ality referrals. It's all about education!
Make it your goal to operate at the 8th level as much as possible with your refe
rral sources. Keep in mind that you'll want to begin referring others at the 8th
level, as well. It's a real testament to that old adage: "What goes around, com
es around!"
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author--his latest book isMasters of Success: Proven Techniques for Achieving Su
ccess in Business and Life.
The value of having your personal network of trust applies wherever you operate.
It's particularly valuable in areas such as the Far East, where the culture of
the community requires you to take time to build a trusting and mutually respect
ful relationship first.
My experience has shown that people in any entrepreneurial economy can use a net
working system to improve their business. If this system is done within the cult
ural context and not outside it, I've found that the same networking concepts an
d techniques are almost completely transferable from one country to another. It'
s basically due to the truth that business is business when it comes to relation
ship marketing, no matter the culture, ethnicity or political persuasion. It's t
rue that people are different around the world, but normally all businesspeople
want to conduct business more effectively. When the goal is to harness the power
of relationship marketing, driving businesses further and faster through B2B ne
tworking can be an effective result.
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author--his latest book isMasters of Success: Proven Techniques for Achieving Su
ccess in Business and Life.
3. Develop your message. The trick to pitching and delivering a great radio inte
rview is to focus on information the listeners really want. To create an effecti
ve media hook, lead with statistics or facts that make your story newsworthy or
of special interest. Your top priority is to provide information that benefits l
isteners while weaving in your own principal PR themes. For a successful radio t
our that consistently communicates your key themes and messages, write a short,
one-paragraph message platform--in essence, a rough script. In addition, prepare
answers to typical questions, and have someone test you until your delivery is
smooth and conversational.
4. Write a media alert. Like a press release, an alert has contact information a
t the top and a headline based on your hook that draws the producers and radio s
how hosts into your story. These are followed by one or two paragraphs that expl
ain the issue or topic and why it's important. Finally, the alert introduces you
(the expert) with a short overview of your credentials and announces your avail
ability for interviews.
5. Pitch the stations. If you or someone on your staff is skilled at making sale
s calls, you'll find that securing bookings for radio appearances isn't much dif
ferent. You can send your alert by fax or e-mail, depending on what each produce
r prefers. But send only as many at once as you can comfortably follow up on by
telephone within 24 hours. When you call, focus on your hook--explain why the is
sue or topic is of special interest--and close for an interview.
6. Deliver great interviews. This is the easy part. Most interviewers will draw
all their questions from your alert and any substantiating materials you send th
em. And no matter what you're asked, you should always be able to bridge back to
the central points in your platform. Bridging describes giving an answer that l
inks one subject to another. Since most interviews are taped and then edited for
broadcast, keeping your answers short and concise will help ensure that your ke
y messages survive intact and that you successfully achieve your PR goal.
Contact marketing expert Kim T. Gordon, author of Bringing Home the Business, at
www.smallbusinessnow.com. Her new e-book, Big Marketing Ideas for Small Budgets
, is available exclusively from Entrepreneur at www.smallbizbooks.com.
they want to receive--no spam allowed. And although Forrester estimates that onl
y 2 percent of U.S. adults use RSS, this number is climbing quickly.
Your first job is to decide what information to syndicate as an RSS feed. Blogs,
special offers, company news, events, product announcements and articles make c
ompelling RSS content.
Next, you need to prepare an XML file. For a sample, go to www.usatoday.com, cli
ck on "Add USAToday.com RSS feeds" at the bottom of the page, and then click on
one of the topic links. You can also read about RSS specifications at http://blo
gs.law.harvard.edu/tech/rss.
Your third step is to get RSS aggregators to pick up your feeds. The process is
similar to submitting your site to search engines. Fortunately, the RSS readers
mentioned above are also aggregators, so start with them. Also, submit your feed
to major search engines such as Googleand Yahoo!. If your RSS feed becomes popu
lar with readers, other aggregators crawling the web will find it.
RSS doesn't replace e-mail marketing, but it's becoming an increasingly importan
t marketing tactic as more internet users who are fed up with e-mail spam turn t
o RSS feeds for their content. Consider offering an RSS feed soon to stay connec
ted with them.
Speaker and freelance writer Catherine Sedaowns an internet marketing agency and
is author of Search Engine Advertising.
and learning techniques that have been successful for others. Applying these ti
ps and techniques takes conscious practice and application before they become ha
bits. The highly skilled networker can be like poetry in motion. You aren't quit
e sure what just happened, but suddenly you're being pointed in the right direct
ion for a meeting with someone else who can open doors for you--and you aren't e
ven consciously aware that you expressed a need for this introduction! You've ju
st been caught up in the flow of a high-EQ networker.
2. Networking appropriately (honoring the event): Becoming a networker who's sen
sitive to the event is an important aspect of developing one's networking EQ. So
many businesspeople who are trying to build their social capital do so with an
almost vulture-like intensity. Believe it or not, there are times when it's not
appropriate to hand out your business card or ask someone the ubiquitous "what d
o you do?". Being sensitive to the moment and honoring the surroundings is a nua
nce in networking that sets those with a high EQ apart from those with a low EQ.
There are ways to alter your networking styles in various situations. Understan
ding how to read the event and network appropriately and effectively is another
sign of a high-EQ networker.
3. Follow through: This is an area where the high-EQ networker really stands out
from the crowd. If we're all honest with ourselves, follow-through is not our f
avorite thing, but it's something that needs a lot of finesse and demands dilige
nce. What an enterprising networker will do is follow through in ways that surpr
ise and intrigue the other businesspeople he or she comes in contact with. This
includes things like clipping a news article about a topic that's of significanc
e to the contact and sending it to him or her with a personal note and another b
usiness card. The main thing is that a skillful networker will never--ever--miss
an opportunity to follow through after an introduction to a new business contac
t. Keeping your name, your business' name and your expertise in front of that pe
rson is very important and can be done in fresh and interesting ways. And it's i
mportant to follow up more than once. Create a reason for re-connecting with tha
t contact to begin developing a relationship with him or her.
4. Maintaining customer loyalty: Many entrepreneurs focus so much on bringing in
new business that they miss the boat on maintaining customer loyalty. Keeping c
urrent customers coming back and referring others to you is very, very important
for business success and growth! The entrepreneur who understands this and real
ly goes above and beyond to make current customers feel valued, appreciated and
very special will find that their customers will come back again and again, and
bring others with them to do business with you. There are the normal things to d
o to foster customer loyalty, such as sending a calendar to a client at the end
of the year for the next year; then there are the outstanding things to do to fo
ster customer loyalty, such as taking a client to lunch each week! Getting to kn
ow the clients personally and really making the effort to become friends with ea
ch person with whom you do business is an indicator of an entrepreneur with high
business EQ.
Emotional Intelligence has a lot to do with setting certain business owners apar
t from the rest of the pack by becoming stellar networkers. It's more than just
"doing the obvious." So much more. By being creative, fresh and surprising, high
-EQ networkers can amass a great wealth of social capital and build a really str
ong and visible word-of-mouth-based business.
I've heard it said that your employees are hired because of their IQ, but promot
ed based on their EQ. To that I would add that a business owner might become kno
wn in the marketplace as a result of IQ, but will be referred and promoted by ot
hers because of EQ and their ability to use that to develop social capital.
Ivan Misner is Entrepreneur.com's "Networking" columnist and the founder and CEO
of BNI, the world's largest referral organization with thousands of chapters in
dozens of countries around the world. Ivan's also a New York Times bestselling
author--his latest book isMasters of Success: Proven Techniques for Achieving Su
ccess in Business and Life.
ble presence of your products rather than a simple brochure near the cash regist
er dramatically increases the chances that a customer will buy your product or s
ervices.
8. Head up a local trade organization. A few years ago, Milwaukee, Wisconsin, pr
ofessional organizer Barb Friedman, owner of Organize IT, served as president of
the Wisconsin Chapter of the National Association of Professional Organizers. A
t that time, The Dr. Phil Show was putting together a story about the "worst spo
use in America"--a woman who was very disorganized and also happened to live in
Wisconsin. Because Barb was president of the Organizers Chapter, she was the per
son contacted to appear on the show--reaping PR dividends and business ever sinc
e.
9. Create a contest with a twist. For the fourth year, Land of Odds, a bead comp
any in Nashville, Tennessee, is holding its annual "Ugly Necklace Contest," whic
h gives the company beautiful publicity every year. Holding a contest with a "tw
ist" makes your business stand out from the hordes of other business contests ou
t there and drives more attention to your product or service.
10. Do pro-bono work. Think of pro-bono work as an investment that'll showcase y
our talents to prospective paying clients. When Bloomington, Minnesota-based ad
agency Colle+McVoy did pro-bono work for the Environmental Trust Fund in St. Pau
l, Minnesota, the positive response to their ad led to paying work with the Minn
esota Office of Environmental Assistance. Who says good guys finish last?
These 10 creative ways to get PR will work for just about any type of business.
Implementing any one (or more) of these ideas will get you great PR, and it'll t
ake you to the level of success you and your business deserve.
Margie Fisher, president of Zable Fisher Public Relations, is the author of the
Do-It-Yourself Public Relations Kit. For more information on her kit and to sign
up for her free PRactical PR newsletter, visit www.zfpr.com.
t. "Sit down and make a list of everything you're going to need each time you ma
ke contact with a prospective customer or client, including a stationery package
, brochures and presentation tools," advises marketing expert Kim T. Gordon, pre
sident of National Marketing Federation Inc.and an Entrepreneur.com columnist. "
Then, if you can't [afford] to print it all at once, at least work with a design
er and a copywriter to create the materials so you have them on disk."
If even this sends shivers down your bank account's spine, find creative ways to
deal with it: Hire an art or marketing student from the local university, or ba
rter your services with other homebased entrepreneurs.
2. Greet clients with style. Voice mail may not seem like a component of your ma
rketing plan, but if a potential client calls and your kid answers, that client
will be gone before you can even technically call him a client. So get yourself
a professional voice-mail system (even the phone company offers options) with se
veral boxes, advises Gordon, so callers can press "1" to hear more about your se
rvices, "2" for your web and e-mail addresses, etc.
3. Focus as narrowly as possible. Instead of trying to reach all the people some
of the time, narrow your target audience to highly qualified prospects. Instead
of going to seven networking groups once every two months, go to the two groups
with the best prospects every week. "Instead of marketing to 5,000 companies, [
find] several dozen highly qualified companies and make regular contact with the
m," says Gordon. Call them, mail your marketing materials, and then ask to meet.
It'll save you money and time.
4. Make the most of trade shows. Here's a hodgepodge of tips, courtesy of Rick C
randall, a speaker, consultant and author of marketing books:
If you don't get a booth beforehand, try to find someone who might want to share
their space with you. You help them run the booth, and they get a local who can
show them the town.
If you decide not to get a booth, go anyway. You can always do business with the
exhibitors--just be sure to respect their time with "real" customers before you
approach them as a peer looking for some B2B action.
After the seminar, be absolutely, positively sure that you follow up on your lea
ds. What's the point of attending if your leads end up in the trash? The Center
for Exhibition Industry Researchsays 88 percent of exhibition attendees weren't
called by salespeople in 2000. Try to improve that stat.
5. Conduct competitive intelligence online. When Joyce L. Bosc started Boscobel
Marketing Communications Inc.in 1978 in her Silver Spring, Maryland, home, she h
ad no clue what the competition was doing. Today, she points out, homebased entr
epreneurs have it a lot easier. "As a homebased business [in 1978], how would yo
u even find out what your competition was doing, what they were charging or what
kind of clients they had?" says Bosc, whose company now has 18 employees and is
no longer homebased. "Today, that information is completely at your fingertips.
" So find your competitors' sites and get clicking.
Getting Friendly
6. Offer your help. Want to be known as a good businessperson--and just as an al
l-around good person? Help others out. One of Ellen Cagnassola's biggest busines
s-getters for her Fanwood, New Jersey, handcrafted soap business, MaryEllen's Sw
eet Soaps, is word-of-mouth that's generated by not only her good work, but also
her good deeds. "I am the first to help another, and I offer ideas freely," say
s Cagnassola. "I think this and my enthusiasm for my business make people want t
o be a part of my success." Where does she offer help? A New Jersey Women's Busi
ness Center and her hometown's Downtown Revitalization Committee are just a few
places she lends her expertise.
Another way to help out your community and your business is to align yourself wi
th a nonprofit organization. Patrick Bishop, author of Money-Tree Marketing, off
ers this idea: "Set up a fund-raising program that benefits a school, like a dis
count card. At the same time the kids [are selling them, they are] promoting you
r business."
7. Offer work samples. Crandall suggests that if, for example, you're a web desi
gner, you surf the internet, find a potential client and send them a few tips th
ey can use to improve their site. Or you can do as Anne Collins did: "In the beg
inning, I was willing to just go out and beg for the business," says Collins, wh
ose homebased Laurel, Maryland, graphic design firm, Collins Creative Services I
nc., now boasts the U.S. Army as one of its clients. "Sometimes I would offer a
small job for free just to show the potential client the quality of my work and
to get them used to working with me."
8. Network. If this piece of marketing advice sounds like something you've heard
before, there's a good reason: It works. Join your local chamber, leads groups
like LeTip International Inc.or Leads Club, your industry association, or Rotary
Club. When you go, ask the people you meet what leads they're looking for--and
really listen to what they have to say. They'll repay you in kind.
9. Cross-promote with other businesses. Whom do you share customers with? Find t
hem and figure out how you can promote one another. If you're a PR person, hook
up with a copywriter or graphic designer for client referrals. Or you could take
note of the collective that Crandall knows: The Wedding Mafia, a group of sever
al wedding professionals (a caterer, DJ, dressmaker, photographer, etc.) who wor
k together through referrals. Another option is to add a brief note at the botto
m of invoices referring your accounting clients to "an excellent computer consul
tant," and have that consultant do the same for you.
Getting Online
10. Chat online. Find newsgroups that cater to your audience, and join the fray.
"I didn't start [participating in online discussion groups] to generate busines
s, but as a way to find information for myself on various subjects," says Shel H
orowitz, owner of Northampton, Massachusetts-based Accurate Writing & More and a
uthor of several marketing books, including Grassroots Marketing. "But it turned
out to be the single best marketing tool I use. It costs only my time. [One] li
st alone has gotten me around 60 clients in the past five years."
11. Offer an e-newsletter. Again, this establishes you as an expert, but it also
provides another very important marketing tool: e-mail addresses of potential c
lients. You've opened up the gates to creating a relationship with these folks b
y offering free information. Now they may approach you to do business, or you ca
n use these "opt-in" addresses to offer your services.
12. Don't wait for customers to find you online. Rather than purchasing an e-mai
l list for mass, impersonal advertising, spend some time trolling the Web, looki
ng for businesses that have some sort of connection to your own business. Then w
rite them a personalized e-mail telling them why you think they should build a b
usiness relationship with you. "Those letters have a high tendency to get answer
ed because they are personal," says Crandall. "And if there is something we coul
d do business about, I've opened the door. I've done thousands of dollars of bus
iness once that door was opened with people who were total strangers [before I e
-mailed them]."
Spreading the Word
13. Go where your best prospects are. This is called play-space marketing. If yo
u have a pet-sitting business, ask your local vet office and groomer if you can
display brochures. Are you a landscape artist? Offer to do a display for the loc
al nursery. Do you throw children's birthday parties? Buy a slide at the local m
ovie theater to be shown before their family films. "Just be sure the environmen
t is appropriate," cautions Gordon. "If you're a business consultant, you're not
going to run ads on the movie screen. [Advertise somewhere] where people are [l
ikely] to be thinking about what you're selling."
14. Become an expert. Cagnassola has developed her business know-how into a mark
eting tool by writing online articles. "Write articles to show your talents and
give them as filler to any Web site owner that you feel is fitting," says Cagnas
sola. "Not only does it bring you more traffic and potential customers, but it p
rovides you with an international business portfolio to demonstrate your busines
s sense [and your] product or service."
Other ways to establish yourself as an expert: Answer questions in online forums
; get yourself listed in a directory like Experts.com, Profnet.comor The Yearboo
k of Experts; send tip sheets to local media outlets; write a book or pamphlet;
or do the next tip on our list.
15. Host a seminar. It's cheap. It's easy. And it's a darn good way to get over
your public-speaking fear. Crandall offers the story of a business broker who co
nducts free weekly seminars. People selling businesses don't want to attend, as
they aren't new to the business brokering process, but they do notice his ad and
call for his services. Business buyers attend, and the broker now has "pre-qual
ified" prospects. "You're getting free publicity, you're getting prospects to ca
ll you, and you're building your level of expertise," says Crandall, who hosts h
is own seminars on marketing.
16. Get local news coverage. Play up your locale as much as possible with person
alized news releases. Because which sounds better to your local press: A success
ful homebased caterer with a national contract, or a caterer from Hometown, Ohio
, with a national contract? Heck, even if you used to live someplace, write them
a letter. Crandall recently promoted his mother's children's book by sending le
tters to the newspapers both where she currently lives and where she previously
lived, and both picked up the story.
17. Get ready for your close-up. Does TV sound out-of-reach for a homebased busi
ness owner on a budget? Not so. Get yourself a cable access show. "You can't bla
tantly advertise a product or service, but it's a good way to become better-know
n," says Bishop. "For example, if you sell crafts, you might start an [instructi
onal] craft show. You could give away something for free or have a contest. When
people call or write in, you can start a mailing list and then contact them abo
ut your business." Some other boons: It adds to your expertise and gives you a g
reat hook for your publicity efforts.
Customer Service
18. Gracias, merci, thank you. Shower the top 20 percent of your clients who yie
ld you the most sales (either in volume or dollars) with thank-yous, whether it'
s gifts, personalized notes or lunch. "It doesn't cost a lot of money," says Gor
don, "but it's a great way to let your best customers know they're special."
19. Offer a guarantee. More people will be willing to try out your business and
recommend your business if you offer "satisfaction guaranteed." End of story.
20. Get them talking about you. Word-of-mouth marketing is just about the cheape
st thing you can do to boost your business. The main way to attract referrals is
to just do a great job: Impress your clients, and they'll tell everyone they kn
ow. But there are more aggressive tactics you can use as well. Ask everyone you
know to evangelize your business. Hand out several business cards to people rath
er than just one so they're more likely to pass them on. Even go through your fa
vorite client's Rolodex (with his or her permission, of course) to find potentia
l leads.
Spreading the Word
21. When in doubt, pick up the phone. Instead of lamenting your lack of business
, drumming your fingers on your desk and forming new worry lines on your face, c
all a customer. Touch base, see how they're doing, visit their office when you'r
e running an errand, see if there's anything you can do for them, even if it's n
ot a paid piece of work. It'll improve your relationship, and you may jar their
memory. After all, you'll never hear "I've been meaning to call you!" if you don
't pick up the phone.
URL: http://www.entrepreneur.com/ebusiness/gettingtraffic/article83676.html
Entry pop-ups are annoying. Online consumers hate arriving at a website, only to
be immediately bombarded by an in-your-face message intended to distract them i
nto taking the action the website owner wants. The pop-up message is almost neve
r relevant, and the timing is so inappropriate that it can annoy visitors into l
eaving. So are pop-ups dead? Not exactly. There's a pop-up which, if relevant an
d timed right, can be an effective and nonintrusive marketing tool: exit pop-ups
.
Since they're displayed as visitors leave the site, exit pop-ups don't distract
your potential customers from completing their mission: conducting research, pla
cing an order or some other action. At the end of their visit, they're more rece
ptive to seeing your marketing message. You can use an exit pop-up to do one of
two things:
1. Invite them to take additional action. You can create a pop-up to invite your
website visitors to subscribe to your e-zine, download a special report, reques
t a free quote or shop now to receive a discount. These may encourage your site
visitors to order before they go, or at least give you their names and e-mail ad
dresses so you may communicate with them in the future.
2. Ask them to complete a survey. You can learn from your visitors how to improv
e your site by asking a few survey questions in your exit pop-up. Ask three or f
ewer questions, and offer a list of possible answers. You could ask questions ab
out who your visitors are, what they want or what they didn't find on your site.
You could even use an exit pop-up to survey visitors and market to them simultan
eously. For example, if you have a gift-basket site, you could ask which kinds o
f baskets they're interested in and invite them to sign up for your online giftreminder service.
While entry pop-ups often fail because they're inappropriately timed and irrelev
ant, exit pop-ups can help you serve your marketing objectives and your potentia
l customers. You may persuade them to stay longer now and return later.
Speaker and freelance writer Catherine Seda owns an internet marketing agencyand
is author of Search Engine Advertising.
ness associate, but definitely not someone I knew very well. That request made m
e think about how many people assume that if they've met you, they can ask for s
omething that only a close associate would be willing to do.
Master networkers know that having a good contact doesn't necessarily make someo
ne a good connection. Having run an international networking organization for mo
re than two decades, one of the most important things I've learned is that it's
not "what you know," or even "who you know." It's "how well you know them" that
really counts in building a powerful personal network.
This means your network must not only be broad, it must also be deep. Unfortunat
ely, I believe most people focus on the broad aspect more than the deep aspect.
In other words, they concentrate on making more and more contacts hoping to find
that one special person who'll solve their business needs this month.
When developing a reliable and effective network, it's very important to keep de
pth in mind as much as breadth! What do I mean by this? When you need to rely on
others to help you out (promote your program to their client base or cross mark
et your products), it's critical that you've done the work of strengthening your
connections well in advance of your need.
When you're considering asking someone in your personal network for a favor, ask
yourself if they're a "contact" or a "connection." In this context, a contact i
s someone you know, but with whom you haven't fully established a strong relatio
nship. On the other hand, a connection is someone who knows you and trusts you b
ecause you've taken the time to establish credibility with them.
Unrealistic expectations of your network come from trying to "use" your network
for support that your contacts might not feel you deserve, or feel they have no
obligation to provide. You really do have to earn the loyalty and engagement of
your referral sources. You want your network to have very deep roots.
In Southern California, we have many huge, tall and lush eucalyptus trees that t
opple over fairly easily in heavy winds almost every year. When they're uprooted
and blown over by the wind, you can see that their root system is broad and wid
e, but not very deep at all. Don't let this happen to you! The following are som
e tangible ways to deepen the roots of your network:
Build quality relationships. Take the time necessary to deepen the relationships
between you and your referral sources. We're all so driven and pressed for time
; but in order to deepen your networking relationships, you must make the time t
o go beyond the normal business interactions with those from whom you want to be
able to ask for support. Invite them to appropriate social functions, backyard
barbecues and sporting events. Get to know these key people outside of the busin
ess environment whenever possible. The more of a friendship you can count betwee
n you, the more expectations you can both have from each other's networking effo
rts.
Think about where you can network to help build deep roots. There are the triedand-true places to network, such as referral groups, networking mixers, social e
vents and online networks. I talk about several different types of networks that
you should consider in my article, "Want to Join a Networking Group?."
Remember, however, that it's not enough to just show up; you must establish cred
ibility with people before you can expect them to help you in some way. When som
eone tries to hurry the process, they tend to hurt relationships--not build thei
r business.
Change your focus from "what's in it for me?" to "what can I offer you?" This is
perhaps the most powerful technique for deepening and widening your networks. W
hen building a deep network, do the things you can to bring business and contact
s to your networking partners. Share pertinent information with them and invite
them to business meetings that'll position them favorably with others they need
to get to know. Keep in mind that you want to get to the point where your networ
king partners know you always have something to give them. In short, do what it
takes to "earn" the help you might need to ask for down the road. It's no wonder
the most effective and powerful networking entrepreneurs live by the philosophy
that "givers gain."
I hope you're seeing a trend in each of these points. When deepening your networ
k, you want to focus on giving to your referral sources. It's that tried-and-tru
e analogy of farming versus hunting when building a business through word of mou
th. Give your time, give your knowledge, and give what your referral sources nee
d to succeed. As you develop stronger networking skills, it's better to put on t
he farmer's overalls and cultivate the connections you need to be able to call i
n support for programs and products you want to promote.
We all know the best time to plant an oak tree was 25 years ago; however, the ne
xt best time is right now! It's never too late to change your focus and develop
business relationships with very deep roots--as well as far-reaching breadth.
Dr. Ivan Misner is Entrepreneur.com's "Networking" columnist and a New York Time
s bestselling author. He's also the founder and chairman of BNI, the world's lar
gest referral organization with thousands of chapters in dozens of countries aro
und the world. His latest book, Masters of Success, can be viewed at www.Masters
ofSuccess.biz.
Margie Fisher, president of Zable Fisher Public Relations, is the author of the
Do-It-Yourself Public Relations Kit. For more information on her kit and PRactic
al PR newsletter, visit www.zfpr.com.
year. I didn't even get one response until the third time. After the third time
, the floodgates opened and I got responses every time I sent it out. Eventually
, I no longer had to send it out multiple times each year because I had finally
cultivated the reputation for being a gate keeper. People began to come to me be
cause of the reputation that I developed for knowing many businesspeople in the
community.
What began to happen was that others would ask someone on my client list, "Who d
o you know who does XYZ?" If they didn't know anyone, then they would send that
person to me!
The importance of becoming a gate keeper is huge for any entrepreneur seeking to
grow his or her business with word-of-mouth marketing. It's a strategy that get
s people to not only contact you for a referral, but also to open up a dialogue
with people about what your business is all about and how you can help them. Thi
s, in turn, leads to more business with existing clients and new business with p
rospects.
In addition, the people on that list of professions worked hard to reciprocate a
nd send people my way as well. They were another part of the equation in the pro
cess. In time, even they would begin to come to me when they needed a referral f
or something. (Be sure to copy your letter to each professional represented on t
hat list, letting them know that you're going to be sending business their way.)
As I developed my mailing list, I would drop certain people off it with whom I d
idn't have any further contact. One time someone who had been dropped from my li
st called, stating that he missed the letters! He had needed a referral for a ce
rtain business and had to look up an old letter of mine he had kept on file. I a
ctually ended up doing some business with him as a result of this incident.
This is just one technique to consider when building your business through refer
rals. It's a "touch point" that puts you in contact with your clients and prospe
cts in a way that fosters different dynamics than when you're trying to sell to
them. You have something they need in the form of referrals and contacts. Allow
this to open the door for reciprocal sharing and giving. You'll be amazed at how
much more business you'll find you're able to do with each other as a result.
Dr. Ivan Misner is Entrepreneur.com's "Networking" columnist and a New York Time
s bestselling author. He's also the founder and chairman of BNI, the world's lar
gest referral organization with thousands of chapters in dozens of countries aro
und the world. His latest book, Masters of Success, can be viewed at www.Masters
ofSuccess.biz.
important to review your e-mail campaigns and make sure these five most-common m
istakes aren't standing in the way of your future success.
Mistake #1: Permission Violation
The recipient--not the sender--gets to decide whether they want to receive a bus
iness's e-mail communications. Permission is what separates legitimate e-mail ma
rketers from spammers. First and foremost, you must ask for and obtain permissio
nbefore sending any commercial e-mail communications. And you must offer a way f
or recipients to unsubscribe or "opt out" of your mailings. Failing to do either
practically guarantees your mailing will be caught in a spam filter, deleted or
ignored. Permission isn't just polite; it's good business practice--and it's th
e law. Learn more about compliance with the federal CAN-SPAM Act.
Mistake #2: Doomed for Deletion
Make sure your e-mail "From" line displays your company name or brand--not your
office manager's name or whoever actually sends the e-mail. Recipients might not
know your office manager, so don't make the mistake of entering that individual
's name in the From line.
Likewise, make sure your "Subject" line clearly states what's inside the e-mail:
"10% Off Everything Coupon," "Keep Your Pets Flea 'n' Tick Free," "Tips for Pai
nless Tax Prep." A generic Subject line (e.g., "News from SmallBiz Consultants")
is likely to get overlooked and go unopened. People are busy and bombarded with
personal and business e-mail; a catchy Subject line tells them upfront what the
y'll get for their double-click.
Note of Caution: Test-run your e-mail through a "spam checker" first to make sur
e your subject line doesn't contain things like ALL CAPS, exclamation points!!!,
and other sales-offer no-nos, which can trigger ISP and e-mail software spam fi
lters.
Finally, make sure your content is relevant to your customers. If you're only te
lling them what you want to hear, they won't waste their time. Relevance is in t
he eye of the beholder. Get to know your audience, tap into their interests, and
give them something of value. Then you'll have them clicking back for more.
Mistake #3: No Call to Action
You'll know your e-mail was relevant and effective if readers took the action yo
u desired, whether it was visiting your website to learn more about a subject, c
licking for a free consultation, downloading a white paper, or purchasing a prod
uct. If you're unsure of the desired outcome of your campaign--don't hit "Send."
Choose the links that you embed in your e-mail wisely, matching them to your sa
les cycles and marketing objectives. Know your goals and measure your results. S
ending e-mail with no clear call to action is like having a sales meeting and no
t asking for the order.
Mistake #4: Sensory Overload
Overzealous e-mail marketers try to cram way too much into one communication. Re
aders get overwhelmed and don't know where to focus, so they click off. That's a
n opportunity lost. Remember: You don't have to accomplish your year-long sales
goals in one single e-mail. Each e-mail effort should fit within your overall ma
rketing/communications plans, targeting a few specific ideas. Look at your last
campaign and imagine it with half the content and graphics. Was your message fro
nt and center, "above the fold"? Could it have been two separate campaigns? Don'
t try to shoot for the moon or you won't get off the ground. Simple, concise, ta
rgeted e-mail communications with clear calls to action win eyeballs--and sales.
Mistake #5: List Size Anxiety
Permission is perishable! Don't wait until your list is a minimum size before em
barking on your first e-mail marketing campaign. If someone gives you their e-ma
il address on a business card or at a networking event, close the permission loo
p immediately with your first mailing, which asks permission and shows them what
they'll get if they subscribe. Sit on that address for six months and you'll no
longer have permission! Don't worry if your list is only your 10 best friends o
r associates. Send them your first campaign and ask for feedback. With good cont
ent, they'll "forward it to a friend" and then your list will grow to 15. Your l
ist helps build itself virally, but only with regular, relevant e-mail contact.
These mistakes are very easy to avoid. It's really not that hard once you grasp
rketing expert, speaker, author and media spokesperson. Over the past 26 years,
she's helped millions of small-business owners increase their success through he
r company, National Marketing Federation Inc. Her latest book,Maximum Marketing,
Minimum Dollars, is now available.
result in increased contracts for your company from businesses that might other
wise have looked to out-of-town companies for technology solutions.
Forming competitive alliances with other businesses like yours in your local are
a can give you the combined spending power you need to market jointly. By joinin
g forces you can fund larger multimedia campaigns either to change opinions clos
e to home, or win business from outside the area by marketing regionally or nati
onally.
4. Win More Referrals
Friends send you business; enemies don't. No matter what kind of company you own
, chances are it differs in many ways from even its closest competitors. Some cl
ients or customers will be right for you and others will find a better fit by ch
oosing to buy from or work with someone else. Get to know your competitors throu
gh networking at business or association events and earn their trust and mutual
respect. You can formalize your referral relationships by offering referral fees
in industries where it's appropriate to do so, or simply keep your arrangements
informal and professional.
5. Offer a Joint Product or Service
Are you struggling to win contracts from large corporate clients, but losing out
because you lack a big-company image or the right expertise? Consider forming a
marketing partnership with a competitor to pitch and win larger contracts by wo
rking together to provide a product or service.
In a competitive bid situation, marketing to a mid-level manager in a major corp
oration can be tough for a small-business owner. Put yourself in the prospect's
position; she must make "safe" decisions in order to protect her job. So even wh
en a small and relatively unknown company appears to provide the best solutions,
a corporate manager may shy away from it and make a safer choice by going with
a larger or better-known company. If you face this challenge, forming an allianc
e with the right competitor can allow your small business to come on strong and
market itself as a safe, more powerful solution.
Kim T. Gordon is the "Marketing" coach at Entrepreneur.comand a multifaceted mar
keting expert, speaker, author and media spokesperson. Over the past 26 years, s
he's helped millions of small-business owners increase their success through her
company, National Marketing Federation Inc.Her latest book,Maximum Marketing, M
inimum Dollars, is now available.
hand to prospects they're actually qualifying for you? I certainly can, and am e
xcited every time I hear someone say, "Let me give you my friend's business card
; oh, and by the way, may I have him (or her) give you a call?"
The business card is the most powerful single business tool--dollar for dollar-you can invest in. It's compact, energy-efficient, low-cost, low-tech, and keeps
working for you hours, weeks and even years after it leaves your hands!
Some of the things your business card does is:
Tell people your name and the name of your business
Provide prospects with a way to contact you
Give others a taste of your work, style and personality
It can be so unusual or attractive or strange or charming or funny that it stick
s in the memory like a great radio or television ad
It can be reused, as it passes from person to person, giving the same message to
each person who comes in contact with it
The two main functions of your card are to gain business from the person you giv
e it to and to get your name out to other people with whom the first person come
s in contact with via referrals. With that in mind, let's take a look at the mos
t effective ways to use your business cards. (For a complete look at how to make
an effective business card, read It's in the Cards).
Make Your Cards Accessible in Every Situation
In short, don't leave home without them! It's a great idea to keep a small box o
f your cards in your glove box, just in case you find yourself in a situation wh
ere you need more than you've carried in your pocket or purse. In addition to my
jacket pocket, I tuck them away in my briefcase, wallet and computer bag, just
to make sure I never run out.
Keep an eye on your supply. The time to reorder is before you're in danger of ru
nning out.
In addition to being sure you have your cards on hand, be sure that your network
ing partners always have your cards. Check with them regularly to see if they ne
ed more, and be ready to provide them with whatever quantity they say they need
in order to promote you.
Seek Situations to Exchange Business Cards
There are many opportunities in which you can pass on your card to prospective c
lients and customers as well as referral sources you wish to develop. Some are o
bvious; others are not. Whenever you have a one-on-one meeting with someone new
or someone you haven't seen for a while, give her your business card. At mixers
and social events, be sure you have plenty of cards when you go in. These are go
od places to extend the reach of your network.
Conventions and trade shows are another great venue for exchanging business card
s. The vendors at the trade shows are anxious for you to take their card--don't
make that a one-way street. Be sure you give them your card as well.
When you visit a non-competing business that might attract the same people you w
ould like to have as customers, ask if you may leave a supply of cards to be han
ded out or made available. In most cases, a business that's complementary to you
r own is always looking for a networking partner. An example would be a sports n
utritionist leaving a stack of cards at a martial arts studio. Be creative and c
onsider even bringing your own cardholder to leave out.
International meetings and events can provide an opportunity to give out your bu
siness cards. Consider having your card printed double-sided, with English on on
e side and the language of the host country of the event on the other side.
Contacts at a Distance
Whenever you communicate with someone in writing, send a card if it's appropriat
e to the occasion. Enclose several cards in every packet of sales material you m
ail out. Along with your thank-you note to the businessperson whose referral bro
ught you a major contract, include a business card to replace the one she gave a
way, plus several more.
After any telephone call in which business was discussed, follow up with a lette
r outlining the main points of your discussion and include one or more of your c
ards. E-mail is a great way to follow up, but a letter will actually allow you t
o include your business cards.
one another results in great visibility, which leads to credibility and, eventua
lly, profitability for your company (the VCP Process of networking).
How do you capitalize on the potential of your strategic alliance events generat
ing referrals for you? By inviting the right people to these events. A long-exis
ting example of a strategic alliance event would be coordinating a foursome of g
olf between several business contacts you have that you know would be able to cr
oss-refer one another, such as your CPA, your financial advisor and your real es
tate investment advisor. One or more of these individuals might have been trying
for months to secure a meeting with one of the others, but the aspect of a golf
game could be just the thing that'll bring them together.
As they develop a deeper relationship with each other, they'll keep in mind that
you brought them together and do what they can to make sure you're getting what
you need. I love the dynamic that's created when you help others get what they
need; they always seem to find a way to see that you get what you need as well.
There are, however, more creative catalyst events for creating strategic allianc
es than the "old faithful" golf game. For example, I know of one Salvation Army
Executive Director who had a lot of BNI members on his board. They wanted to be
able to serve the community and develop relationships with others on this board
that would result in referrals for their businesses. One of these members was a
financial advisor, who had been trying to get an appointment outside of the boar
d meetings with one of three millionaires who served with him on the board; but,
to no avail.
As a result, he came up with the idea of taking the entire board on a charter bo
at deep-sea fishing trip to help develop the relationships with each other. The
charter boat was part of the co-op advertising for the financial advisor.
The Salvation Army Director asked the wealthy board members if they were interes
ted in the deep-sea fishing trip. He told them he would ask the financial adviso
r if they could come. This got their attention. They wouldn't take an appointmen
t from this guy, but they were willing to do a social event of this type with hi
m. They were all so excited about this event, that the one who wasn't able to ma
ke it on the date that was chosen, actually asked when it was happening again!
Doing an event such as this calls for regularity and repetition. Others will hea
r about it through the grapevine and ask to be invited or feel very excited abou
t being invited. Hence, you want to do this more than once.
A spin on this concept was recently shared with me by an associate of mine. He t
old me about a friend of his who organized a fly-fishing trip that was restricte
d to people investing $1 million or more in assets with him. He went to the loca
l sporting goods store to rent fly-fishing equipment for the trip; the manager e
nded up working it out to have them come in to the store to give them the equipm
ent and a guide, at no charge, just to get the exposure. The businessman then we
nt to the Hummer dealership that gave them some Hummers to use if he could come
with them so he could meet these heavy hitters. The suppliers were interested in
the referral part of the program because of who else was going to be there.
Catalyst events must have a feature of exclusivity in order to work. The people
attending are investing in their social capital as well. Things like events at p
rivate clubs that most people can't get in to, or golfing on courses that most p
eople can't get onto work well. Another point is that the person hosting it (e.g
.: you) must be someone who's passionate about that event. So, if you don't like
opera, don't plan a catalyst event around opening night of Les Miserables!
Referral Recognition Event
When you have a pool of people who are already referring you regularly, doing so
mething special for those folks is a no-brainer! Some entrepreneurs have recogni
tion events such as hunting trips or wine tasting trips. They have a reputation
with their customers, and the customers actually vie with one another to be able
to be the ones who get to take part in the event. That means, literally, that t
hey're trying to out-refer one another. Not a bad place in which to be!
The Recognition Events can be held annually to thank the top referral generators
each year, or they can be held once a quarter to encourage shorter-term results
, which could quite possibly increase the total number of referrals your busines
s would receive within the year. You may choose to reward the top five referral
generators and allow them to bring a guest, or reward the top 10 referral genera
tors and give them the chance to meet and mingle with each other over the course
of the event. Or you may choose to reward just one person during each time peri
od. The choice is yours. Experiment with what works best for you.
One of my business associates on the East coast told me of an entrepreneur who o
rganizes a "luxury spa trip" that her customers and clients clamor to be able to
attend each year. Guess what? She only takes the top eight people who've referr
ed her new business throughout the past year. She's done this year after year so
that she's well-known in her business community for this trip.
Be creative when choosing what your Recognition Event will be. If you live in an
area where there are live shows, taking these folks to dinner and a play is one
idea. Use your imagination and don't be chintzy. If you want people to vie for
attendance to your event, you must make it something worth competing for. You wi
ll profit from that in the long run, so it just doesn't pay to skimp when choosi
ng what your reward will be.
Keep in mind that a Catalyst Event isn't about meeting people through the Yellow
Pages; it's not a casual event. That being said, you can't turn the Catalyst Ev
ent into a sales pitch, either, or it won't work. It's all about making a connec
tion vs. making a contact. Be sure you've let the other people you've invited kn
ow that they have to finesse the event, not strong-arm it. It's about developing
relationships.
When done right, Catalyst Events can revitalize your word-of-mouth marketing eff
orts and garner for yourself a reputation in the business community for being th
e one to whom everyone loves to refer others. Now that's a great position in whi
ch to be in the business world!
Dr. Ivan Misner is Entrepreneur.com's "Networking" columnist and a New York Time
s bestselling author. He's also the founder and chairman of BNI, the world's lar
gest referral organization with thousands of chapters in dozens of countries aro
und the world. His latest book, Masters of Success, can be viewed at www.Masters
ofSuccess.biz.
e networking group for quite some time but hadn't really made a deeper connectio
n.
The two begrudgingly took my recommendation to do a GAINS exchange--to talk abou
t their goals, achievements, interests, networks and successes--and found that t
hey had quite a few things in common. They both coached their young daughters' s
occer teams, they both collected sports teams' hats, and their college degrees w
ere in the same field. These two seemingly disinterested people became very clos
e and developed the type of networking relationship that most only dream about.
See how networking is as much a mind-set as it is a skill set? Clearly, there ar
e many things to do that will make your networking attempts successful, but ther
e are also a good many things to be that are equally important to this art.
Dr. Ivan Misner is Entrepreneur.com's "Networking" columnist and a New York Time
s bestselling author. He's also the founder and chairman of BNI, the world's lar
gest referral organization with thousands of chapters in dozens of countries aro
und the world. His latest book, Masters of Success, can be viewed at www.Masters
ofSuccess.biz.
he other person with the front side facing upwards toward the recipient. Offerin
g the card with both hands holding the top corners of the card demonstrates resp
ect to the other person.
The business card means much more in the Asian culture than it does here in Amer
ica; it's truly an extension of the individual and is treated with respect. Thin
gs like tucking it into a pocket after receiving it, writing on it, bending or f
olding it in any way, or even looking at it again after you've first accepted it
and looked at it aren't considered polite and can insult your fellow Asian netw
orker.
Consideration of "Personal Space"
When networking and meeting others with whom you wish to pursue word-of-mouth ma
rketing, it's crucial to understand the subtle, unspoken dynamics of personal sp
ace in every culture. Someone might not even be able to put a finger on what it
is that sours the business relationship, when in reality, it's nothing more than
discomfort from having his or her "bubble" encroached upon. Some cultural dynam
ics are fine with close, personal interaction, while others demand a bigger bubb
le. This is not a point to underestimate.
There are three basic separations to consider when taking personal space into ac
count. For Americans, they typically are: public space (ranges from 12 to 25 fee
t), social space (ranges from 4 to 10 feet), personal space (ranges from 2 to 4
feet), and intimate space (ranges out to one foot).
In Saudi Arabia, their social space equates to our intimate space, and you might
find yourself recoiling while your business associate may get the impression th
at you're stand-offish. In the Netherlands, this might be reversed due to the fa
ct that their personal space equates to our social space. Do your homework and b
e sensitive to cultural differences in this area. You may find it interesting to
take a look at how this pertains to dealing with businesspeople at home as we m
ix more and more with professionals from other cultures in our everyday dealings
.
Use of Slang
When using slang in a business environment, you might want to keep in mind that
what means one thing to us might have no meaning, or a very different meaning, t
o a businessperson from another culture. I have some personal experiences in thi
s area, some humorous, others quite embarrassing!
One of my business associates and I were talking with his business partner from
South Africa. Even though we were all speaking English, one of the phrases we us
ed caused his partner to go completely silent. We had both reassured him that we
would keep him in the loop regarding some aspect of the business. It wasn't unt
il two weeks later that he re-established contact with us and shared that he fin
ally understood what we really had meant. You see, in his dialect, we had told h
im that we would keep him pregnant! Not at all what we had intended, I can assur
e you.
In another case, we learned that some European countries don't have a direct tra
nslation for "word of mouth", so they translate it to "mouth to mouth". I had to
explain that this has a totally different connotation in the United States. The
re were a lot of people over here getting quite excited about this "mouth to mou
th" marketing taking place in Europe!
Another example is that it took me a few minutes to figure out what my Australia
n associates were saying when, upon meeting me, they all said (incredibly fast):
"g'daymight". I finally had to ask and was told: "Oh, for our American friend h
ere--we are saying 'good day mate'."
There is a very accurate and complete slang dictionary at the following website
which you might find useful when traveling around the world: http://lipas.uwasa.
fi/termino/collect/slang.html
If you have the ability to consult with someone in that country who's familiar w
ith that culture before interacting with their businesspeople, jump at it. It wa
s invaluable to me to be able to have my Israeli Director in BNI, Sam Schwartz,
coach me regarding the Orthodox Jewish custom of not shaking hands with someone
from the opposite gender. He and his associates effectively coached me on how to
recognize when a businesswoman was an Orthodox Jew by noting if she was wearing
any type of head covering (a normal hat would not have been recognized by me as
this type of indicator, had he not coached me in this), or a knee-length skirt
with opaque tights worn underneath so that no skin was visible. Again, I wouldn'
t have even noticed that this was any type of indication, but he was able to clu
e me in.
As you have the opportunity to network with others from different cultures and c
ountries, don't hesitate because you're not sure how your actions will be interp
reted. Do your homework ahead of time. One great resource for information on cus
toms and business etiquette is www.ExecutivePlanet.com. When I have the opportun
ity to travel to another country to do business, I often check in here to be sur
e I'm not going to make an inappropriate gesture, remark or other offensive beha
vior.
Networking basics are universal. With some care for taking into account those cu
ltural nuances that'll give you a leg up, you can be assured that your networkin
g etiquette will be appreciated here at home, and as your business takes you int
o other countries.
Dr. Ivan Misner is Entrepreneur.com's "Networking" columnistand a New York Times
bestselling author. He's also the founder and chairman of BNI, the world's larg
est referral organization with thousands of chapters in dozens of countries arou
nd the world. His latest book, Masters of Success, can be viewed at www.Masterso
fSuccess.biz.
Got news? News releases have forever been recognized as an effective way for a b
usiness to get the word out about business developments, product offerings and e
vents. A well-timed and effectively distributed release has the ability to reach
an entire business's audience on a local, regional, national or even global lev
el.
Yet, while news releases are a proven means of generating media coverage, busine
ss opportunities, investor interest and overall "buzz," some still perceive them
as a "situational" marketing tool, the life of which is limited to just days. H
appily, news releases--the workhorse of public relations and marketing--have kep
t up with the technology of the times. Today, news releases leverage web technol
ogy with imbedded audio, video, links, expert profiles and more. As importantly,
with search engine optimization, the life of a news release can now be extended
from just days to months and even longer, attracting much desired attention to
your business and product offerings.
News & Search: Perfect Together
Like most other forms of communication today, effective news release distributio
n leverages the power of the internet to tell your story via thousands of websit
es and other news collection points around the world, making your message access
ible by any potential customer, business partner or investor with an internet co
nnection. Some web destinations for your release are more important than others,
however.
Enter the search engine. Whether it's Google, Yahoo! or MSN, the search engine h
as become the primary starting point for most web users seeking to buy, invest o
r investigate nearly everything. This trend has elevated search engine "real est
ate" to one of the most desirable and hotly contested locations on the web.
There are two primary ways to get to the top of search engine results: paid sear
ch and natural search. Paid search is when a company pays for the positioning on
the top of the results page. Natural search relies on specific optimization tec
hniques that bring an item to the top of these results with non-paid links. Opti
mizing news releases offers a simple and economically attractive means to get pl
acement within natural search results.
There are a few basic elements to search-engine optimization: keywords, content
and structure.
The Word Game
By using keywords that relate directly to the news within the release and avoidi
ng jargon, your news release is more likely to be found by active searchers in t
he top of search results. Consider using words and phrases that aren't only rele
vant to your company, but also speak to the market and industry as a whole. To g
et started, you should research some of the keywords associated with your indust
ry and business. Websites like digitalpoint.com offer some tools to help you exp
lore keywords.
For example, a greeting-card company with a new line of humorous cards would be
wise to use phrases and words such as "humorous holiday cards," "cards that make
people laugh," or simply "funny greeting cards" in addition to the company and
product name. Employing commonly used terminology will serve to direct the relea
se to the widest possible audience.
The headline and opening paragraph of the press release should also use straight
forward, action-oriented language, because most search results offer a quick one
or two-sentence summary in the return field, and most people decide within one o
r two sentences whether they're going to continue reading. This is good form for
new release writing anyway.
Create an Action
Next, make sure the release directs the reader to take some action. This could b
e an opportunity to get more information on a product, take advantage of a disco
unt or limited offer, or, ideally, complete a purchase. Remember, it's still a n
ews release so you should avoid sounding too commercial; however, by including a
few sentences on how a reader can take action with a URL that directs the reade
r from the release to a "landing page" on your website, online media room or one
that has been created specifically for the announcement, you've created an imme
diate interaction with your potential consumer.
The landing page should contain information that encourages the reader toward a
transaction, whether it's requesting more information, signing up for a demonstr
ation, downloading a brochure, or even making a purchase. It should also include
information for reporters who could potentially write a story, such as who to c
ontact and how to set up an interview with a company executive. Some people like
to make the landing page accessible only through the news release. This will al
low you to more accurately assess the effectiveness of the release or track the
number of transactions that were directly attributable to the news.
Issuing the News
Once the release is written in a style and format conducive to search engines, t
he next step is distribution. Choose a commercial newswire that offers optimizat
ion technology that'll identify the central theme and relevant keywords containe
d within the release, enhance the underlying code to reflect these themes and ke
ywords, and deliver it to a "search engine friendly" platform that attracts sear
ch engine spiders--the mechanisms search engines use to continually troll the we
b for updated information.
Sometime after the release is issued, it should appear higher in natural search
results, and remain there long after it's considered breaking news, thus providi
ng more opportunity for the internet public to find the information. When select
ing a newswire, be sure that you get actionable feedback on such items as which
keywords were used to find your news release so you can input them into your fut
ure communications.
To get started, prepare a schedule of news to budget accordingly. The more optim
ized news releases you distribute, the more chances you'll have to drive traffic
to your business's online presence. The search engine is a useful and construct
ive tool for a small business to grow its presence, and in turn, increase revenu
e. For small businesses, optimized news releases offer an easy and relatively in
expensive way to reach target audiences, cultivate brand recognition, and hopefu
lly generate some cold, hard cash.
Mark Nowlan is Entrepreneur.com's "PR" columnist and senior vice president of ma
rketing & communications at PR Newswire. Nowlan is a frequent lecturer on media
relations, strategic communications and crisis communications at industry confer
ences around the country. Get more information about PR Newswire and public rela
tions with their PR Toolkit for small businesses.
odcasts can be accessed directly via computer from yours or others' website.
Similar to an MNR, companies can create podcasts using entirely new content, or
they can develop them using pre-existing video or audio material. Regardless of
the source material, the final podcast must be brief, inventive and dynamic. If
the content doesn't keep the interest of the viewer or listener, the individual
will likely not stick around long enough to take the desired action.
Podcasts also have applications beyond marketing. As an internal communications
tool, podcasts can be used to keep members of a sales force up-to-date on a comp
any's latest developments or product upgrades. For instance, the aforementioned
medical device company might use a podcast to demonstrate to its employees and s
ales force the benefits of all its new devices as they're rolled out, enabling t
he sales force to visualize how the product should be marketed and communicated
to potential customers.
Once beyond the reach of most small businesses, advances in internet and multime
dia technology has now made audio and video both accessible and effective for sm
all and medium-sized businesses. The result is better ways to bring your message
to your many audiences, moving them faster from awareness to interest to intent
ion to buy, even facilitating their ability to respond. Importantly, like websit
es themselves, what was once a nice idea, multimedia is fast becoming the prefer
red tool to address increasingly sophisticated audiences and thus, to remain com
petitive.
Mark Nowlan is Entrepreneur.com's "PR" columnist and senior vice president of ma
rketing & communications at PR Newswire. Nowlan is a frequent lecturer on media
relations, strategic communications and crisis communications at industry confer
ences around the country. Get more information about PR Newswire and public rela
tions with their
make plastic obsolete--customers will be relying on these devices more than ever
.
"There are some low-cost mobile marketing onramps for small businesses," says Ki
m Bayne, author of Marketing Without Wires. "Businesses can implement opt-in tex
t messaging services and coupons with their loyal customers. We've already seen
local restaurants send the day's specials to nearby lunch patrons. The cost is f
airly low, and it can be done from a PC, without involving a pricey service prov
ider."
Go Online:
"Think globally, act locally" is now the mantra for entrepreneurs advertising on
line. Online ad spending is up as much as 33 percent over last year, says David
J. Moore, chairman and CEO of digital marketing firm 24/7 Real Media Inc. in New
York City. Earlier this year, Google announced a new local advertising program
linked to its map service and AdWords program, allowing businesses to drive some
of Google's traffic to their brick-and-mortar locations.
"[Entrepreneurs] should pay attention to any targeting that allows them to incre
ase advertising efficiency by reaching users in their particular geographic area
," says Moore. Online ads are also migrating to podcasts and blogs, where advert
isers can reach very specific niche audiences. And with increased access to broa
dband and the falling cost of video production, Moore foresees a rise in online
video ads for businesses as well.
Court the Boom:
A baby boomer turns 50 every 7 seconds--joining a population segment that will g
row by 25 percent in the next decade while other segments remain flat.
Matt Thornhill, founder of consulting firm The Boomer Project, which helps busin
esses reach adults born between 1946 and 1964, says it's time for marketers to r
ecalibrate their thinking about marketing to older adults. Boomers are a dynamic
group that's much more open to new experiences and brands than previous generat
ions of older adults have been. Stephanie Lakhani found that to be true at her u
pscale Breathe Wellness Spasin Boise, Idaho. Catering primarily to boomers, the
two spas bring in about $1.2 million per year. She says boomers are an excellent
target, with disposable income and a tendency to refer business. "They expect p
erfect service," says Lakhani, 35, who adds, "They tend to travel and buy in gro
ups, so giving them an incentive to refer a friend in the form of an upgrade or
a thank you [gesture] works very well. They are also very responsive to direct m
ail."
Thornhill adds that marketers should target boomers by what they're doing instea
d of how old they are. "Boomers are living such cyclical lives. In their 40s or
50s, they could be going back to college, be empty nesters or be married a secon
d time and raising a young family," he explains. "You wouldn't sell the same vac
ation package to all these people. So pick the lifestyle segment you're targetin
g, and focus on that."
For something that's named Really Simple Syndication, few tools are more misunde
rstood or misused than RSS. Provided by such companies as Bloglinesand NewsGator
, RSS lets you send and receive information without using e-mail. Instead, the i
nformation is sent directly to a subscriber, who receives it through an RSS read
er. With browsers like Internet Explorer integrating such readers, we'll be seei
ng more information feeds. That could be a good thing--or not--depending on whet
her businesses use them properly.
"You don't need to blog to offer an RSS feed," says online marketing consultant
Debbie Weil, author of The Corporate Blogging Book. "But you should have a blogg
ing mind-set. Show the reader what's in it for them. Write clear and interesting
headlines. There's a bit of an art to writing RSS [content]." She adds that you
should break up your feeds by audience--customers, investors, media and the lik
e--just as you would any other message distribution.
Jim Edwards, 38, uses a blog and RSS to promote his business, Guaranteed Respons
e Marketing. "Whenever I publish an article, either through my blog [www.igottat
ellyou.com/blog] or through another site's RSS feeder, I expect to get 100 to 30
0 references back to me in a week," says Edwards, whose $2 million Lightfoot, Vi
ment blogs, where businesses get direct input about products and services from r
eaders, will soon become even more important, he says.
Scoble predicts a rise in regional blogs linked to Google's new local advertisin
g program and Mapquest.com for quick access to directions, giving people more in
sight into the local businesses they want to frequent. He also says we'll see mo
re video blogs, which won't replace text blogs but will more effectively communi
cate with some audiences. "If I'm trying to explain to you what [video game] Hal
o 2 is, I can write 10,000 words and I'm not going to get it right, but you can
see a 2-minute video and you'll understand," he says.
Take these trends into consideration as you plan for the coming year. Not every
idea may apply to your company, but most are market forces you can't afford to i
gnore.
Make It Stick
Tap these marketing trends to get into customers' hearts and minds.
Multicultural Market: By 2010, the buying power of American blacks and Hispanics
is expected to exceed the gross domestic product of Canada, according to the Se
lig Center for Economic Growth at the University of Georgia in Athens. Make sure
you're not overlooking this market. Rochelle Newman-Carrasco, CEO of Enlace Com
munications, a Los Angeles multicultural marketing firm, advises companies not o
nly to translate materials when appropriate, but also to be conscious of cultura
l images: "In lifestyle shots, go beyond multicultural casting. Show scenes wher
e the clothing, food and other backgrounds reflect different cultures."
Experiential Marketing: Kathy Sherbrooke, president of Circles, an experiential
marketing firm in Boston, says businesses must figure out the key messages of th
eir brand and find ways for their staffs and locations to reflect that image--yo
ung and trendy, sophisticated and elegant, and so on. "Create an environment tha
t's consistent with your brand," she says. She points to Apple Computer's retail
stores, where clerks use handheld checkout machines and pull prod-uct bags out
of their back pockets to reinforce the ease-of-use and streamlined processes for
which Apple is known.
Customer Evangelism: From hiring word-of-mouth marketing companies to creating i
ncentives for customer referrals, businesses are placing more importance on cust
omer evangelism, says Andrew Pierce, senior partner at New York City branding fi
rm Prophet. "Companies need to be customer-centric for this to happen," he expla
ins. "If you're not finding ways to increase value and inspire loyalty, it won't
work."
At the simplest level, Pierce advises using customer testimonials to add credibi
lity to marketing efforts, including webinars where customers talk about your co
mpany. More extreme examples include buzz marketing campaigns where happy custom
ers talk up the product, or inviting customers to trade shows or other events wh
ere they can show their enthusiasm in person.
Gwen Moran is Entrepreneur's "Retail Register" and "Quick Pick" columnist.
mart tactics that will put your business on the fast track--even if you don't ha
ve deep pockets. Here's a list of eight proven marketing tools and tactics speci
ally created for the budget-conscious entrepreneur.
1. Customer rewards: Since it may cost as much as five times more to win a new c
ustomer than to retain an old one, customer reward programs are a lower-cost alt
ernative to acquisition marketing. Create and actively promote a loyalty program
that rewards on enrollment and then provides graduated incentives to your best
customers. To keep customers coming back, provide in-kind rewards rather than gi
fts from other vendors.
2. Opt-in e-mail: E-mail is a low-cost, high-return way to enhance customer rela
tionships and increase sales. E-mail campaigns can be conducted for a fraction o
f the cost of other tactics and can be executed in weeks, not months. The key is
to e-mail as often as twice monthly, but only to an in-house list of members wh
o have agreed to receive e-mail from you. Keep the content extremely relevant, a
nd you'll see response rates climb.
3. Local paid search: The vast majority of American shoppers do research online
before making a purchase. They already know what they want to buy-they're just l
ooking for the right place to buy it. Google and Yahoo!, among others, offer ser
vices for local advertisers, and Yahoo!'s Local Sponsored Search program provide
s a locator page that will drive traffic to your store even if you don't have yo
ur own website. Visit http://smallbusiness.yahoo.comand click on "Market Your Bu
siness Online" to find out more.
4. Marriage mail: Trying to reach consumer households in specific market areas?
Your own direct-mail campaign could cost a small fortune. Instead, use "marriage
mail"--send your ad or coupon in a joint mailing with other advertisers. A lead
ing provider is Valpak, which designs, prints and mails more than 20 billion ads
each year, providing an affordable alternative to stand-alone direct mail.
5. Media relations: Do-it-yourself PR is a lower-cost alternative to advertising
, but it requires know-how and time. For best results, tailor your stories to th
e needs of the individual media outlets on your list. Then send a release or pit
ch letter, and follow up by phone. These initial contacts should lay the groundw
ork for ongoing relationships with key members of the press.
6. Grass-roots advocacy: Word-of-mouth is often the most desirable form of marke
ting. To get people talking, run a contest, stage an event, or assemble a group
of "influencers." The creator of a series of books and products for preteen girl
s, for example, has used its website to enroll several hundred girls to act as a
dvisors on everything from book characters to plots. The members are also the fi
rst to receive information on new products. You can bet these influencers share
their inside news with friends.
7. Marketing partnerships: When money is tight, it often pays to partner with an
other company that targets the same audience. You can forge marketing partnershi
ps with businesses that offer complementary services and pool your prospect list
s or share advertising costs. A kitchen appliance retailer could partner with a
remodeling contractor to market full-service kitchen upgrades, for example, or n
eighboring technology companies might jointly promote their region as a tech cor
ridor.
8. Cinema advertising: Over 27,000 movie screens run advertisements. Screenvisio
n Directworks with local advertisers to produce advertising slides that run duri
ng the pre-show entertainment. And with rates as low as $25 per week per screen,
you'll pay just $1,000 a month to reach nearly everyone who sees any movie at y
our neighborhood 10-screen multiplex.
Contact marketing expert Kim T. Gordon, author of Maximum Marketing, Minimum Dol
lars: The Top 50 Ways to Grow Your Small Business, at www.smallbusinessnow.com.
Her new e-book, Big Marketing Ideas for Small Budgets, is available exclusively
from Entrepreneur at www.smallbizbooks.com.