by admin | Dec 10, 2012 | Blog, Strategy
What can professional service providers and consultants learn from crime families when it comes to business to business marketing? – Is it debt collection? – Cash flow? – Flexibility? – Confidentiality? It’s none of the above. It is EXCLUSIVITY. Exclusivity with a marketing referral program like no other! Television shows that delve into the depth of the underworld such as Sopranos and Sons of Anarchy, illustrate how hard it is to join these outlaws. And of course it is even harder to leave! The marketing strategy lesson is to increase your barriers to entry not just barriers to exit.
Of course traditional thinking sees most marketing consultants recommend making it as easy as possible to “try before you buy”, or to experience a product at the lowest possible cost in hope of then building a long term and loyal relationship. And undoubtedly this works across most product and service categories. However there are cases when marketing consultants and their clients can use one of the 6 Laws of Persuasion – The Law of Scarcity (in other words Exclusivity).
Of course it is not exclusivity alone that is the drawcard, whether it be joining an exclusive golf club or an organised crime syndicate. It is the benefits; from the feeling of safety and belonging to the power and the financial windfalls, whether through networking at a golf club or profiting from the illicit trade, there are substantial benefits, that keep the “member” engaged!
For marketers the challenge is knowing when and how to use exclusivity to your advantage.
David Staughton – The Business Improvement Guy has a great summary I’d like to share with all consultants:
Consultants in any profession who work with:
– Anyone (no defined target audience)
– do Anything (no defined area of expertise)
– Anywhere (no defined geographic area)
– at Any price (no defined value) are simply DESPERATE and get “crappy clients”
Whereas those that work with:
– THESE people
– doing THESE things
– throughout THESE LOCATIONS
– at THIS PRICE are FOCUSSED and have “cream clients”.
We’d love to hear how you have managed to find your CREAM, and if you are still looking then maybe we can help!
by admin | Dec 2, 2010 | Blog, Promotion
Success on Linked In and in fact in all Social Media channels relies on the principle of leveraging and building your reputation with your existing professional (and personal) connections as well as building new connections that will also hold you in high regard. Yet many Linked In users fail to do this effectively and damage their reputations because they forget the simple rules of engagement when it comes to interacting with their existing and prospective audience online.
This blog entry was prompted by two Linked In invitations in as many weeks, from individuals that indicated they were friends and gave no specific reason as to why they wanted to connect with me and used standard “templated” invites. In fact, having searched my electronic databases as well as my “super computer” called the human brain, I could not remember how or where I MAY have met these two people. These two invites were great examples of what not to do on Linked In. This doesn’t mean that these individuals can’t add value to my network or I to theirs. It does mean that I will wait to accept their invitation until such time that they can illustrate the value in connecting with them. I am confident and hopeful they can do so after reading this.
Below are 5 great articles by Linked In “power users” that discuss the strategies of building your professional network on Linked In as well as the specific do’s and don’ts of Linked In Invitations.
I define Power Users as those that use Linked In to develop and grow their network (and consequently personal brand & business) in a strategic manner – they have objectives, systems and processes. They are thought leaders who have a deep understanding of the medium and the technology and use it to their fullest advantage. This is personal branding.
Here is my long held view and summary of the below articles:
1. DO NOT write anything that you wouldn’t otherwise say in person, on the telephone or in an email. You wouldn’t call up anyone, regardless of your relationship to him or her and utter the standard Linked In template words “join my network” as your opening remark! Then why do so many people do so in the medium of Linked In?
2. Remember that everyone listens to radio W.I.I.F.M – What’s In It For Me? Have a compelling reason for connecting / sending an invitation (in marketing terms – your offer and call to action) or use one or multiple principles of persuasion. As you read the below you will see that appealing to one’s ego in the form of flattery works as well!
Prevalent attitude to accepting and refusing Linked In invitations as well as some great tips on social media networking etiquette:
The official Linked In view and procedure on “how and who to connect to” can be found here:
Perception is Reality. Make sure perceptions of who you are positive and profitable!
Gene Stark
http://au.linkedin.com/in/genestark
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