No Quick Fix

No Quick Fix

One of the concerns that I sometimes hear when talking to a business owner about investing in an advertising campaign is how long it will take to get results.

Or a variation is the opposite…

Can we handle all the business we get if we start advertising with your radio station?

My friends, there is usually no quick fix.

Advertising is usually not like a faucet that you turn on and customers come rushing out to buy what you have right away.

It takes time.

How much time?

Depends on how many ads you place and how often they air and a few other important factors.

However to the untrained, it might seem like things are closer than they really are.

Last month my wife and I took a trip to Washington DC to see the Cherry Blossoms and sightsee and along with a memorable trip, I’ve also got material for a few blogposts and podcast episodes.

The first day of our arrival, after checking in to our hotel and enjoying dinner at a local Irish pub, we decided to walk over to the Capitol Building which I knew was about 3 or 4 blocks away.  We could see it from the Irish pub.

Then we glanced over towards the Washington Monument and decided to hike thru the National Mall to the Monument where there were more Cherry Trees and it was my intention to continue to the Jefferson Memorial.

However as we started the first part of our journey it was getting dusk and our perception of distance and the time it would take was off.  We did make it to the Washington Monument, but there was no way we were going to continue that night all the way to the Thomas Jefferson Memorial on foot on Friday night.

A couple days later, with some pre-planning, I made arrangements for us to get a tour of the major sites of Washington DC that included transportation and from the steps of the Lincoln Memorial in the daylight that Sunday, we could see much more clearly the big picture of how far we were from the Washington Monument and the Capitol Building.

The lessons we learned about quick fixes:

  1. Plan ahead
  2. Understand the journey
  3. Know when to regroup and find a different method
  4. Dress appropriate for the journey

Those same lessons apply to marketing your business, even the last one about dressing appropriately.

Want help? Contact me.

Older and Wiser

Older and Wiser

Facts are facts, right?

Yes and no.

When you look at numbers or other facts, it’s often not enough to just look at the raw data.  We can learn so much more by digging deeper and being curious.

Curiosity is a term that came up in a recent conversation with a friend this year and we both agreed that it’s essential to understanding something and avoiding assumptions and dispelling certain biases.

I titled this article Older and Wiser because it’s often the experiences we go through that we learn from.  However there are exceptions to this concept of becoming Wiser as we get Older.

The thirst for knowledge that we have as kids can be squashed if too many grown-ups tell the kid to stop asking questions and just conform.  However conformity does not bring new and exciting ideas, it keeps us stuck in the past.

I know some people my age who are always wishing for the “good ole days” and while it’s fun and interesting to reminisce, it can hold you back if you’re not willing to also look at the future opportunities. I also have a bunch of grandkids and one in particular that I’m thinking about today has always had a thirst for knowledge.  This person has no limits to their learning and fortunately has grown-ups that support their curiosity.

As we age, some of our values change and today I’m specifically looking at relationships with brands and products and how we as consumers change.

Marketing Charts released this study that revealed generational differences in buying decisions. When asked, “which of the following are more important than price when making a purchasing decision, the options included:

  1. Quality
  2. Convenience
  3. Customer Service and Support
  4. Brand Reputation
  5. Brand’s Ethical Values
  6. Consistent Digital Experience

None of these 6 options scored higher than price for Gen Z and there is a sharp contrast between the older generations and Gen Z for Quality, Convenience, and Customer Service and Support.

The last option, Consistent Digital Experience is the only option that Gen Z outpaced the other generations.

It could be easy to assume that Gen Z only cares about buying cheap stuff on their phone, but let’s dig deeper.

From the study:

Perhaps price is more important to Gen Zers than other factors due to their financial situations: slightly more than half (53%) of Gen Z consumers say that the high cost of living is a barrier to their financial success, and fewer than half (48%) of Gen Zers would describe themselves as fully or mostly financially independent.

Gen Z is currently ages 18-26. and compared to older generations, they have the least amount of income, so it makes sense that the price of what they buy is going to be very important.  It’s not because they are Gen Z, it’s because of their life stage that they are more focused on prices than older people.  For the most part, as we get older, we eventually have more money to spend.  We also realize the value to buying good quality stuff instead of cheap disposable stuff.  As most of us become older and wiser, our priorities shift.

This leads me to a huge mistake too many businesses make in their advertising and marketing…  They put too much focus on cheap prices and not enough attention to what grown-ups really care about:

Quality.

Convenience.

Customer Service.

Brand Reputation.

If your advertising emphasis is all about price and deals, you are not communicating to me the real reason I want to buy in most cases.

Want help in creating a campaign that offers more than just cheap stuff?

Do you have the guts to do this?  (Most businesses don’t.)

Contact me and I’ll help.

 

Getting Your Business Priorities Aligned

Getting Your Business Priorities Aligned

What kind of disconnect in your business model do you need to fix this year?

4 years ago with the Covid-19 Pandemic shutdowns, there was a whole heck of a lot of disruptions as we were exploring the great unknown about a virus that we were told could wipe out a significant percent of our population.

Earlier this month I was at a conference and was reminded of some facts that I’d forgotten from history that occured around a hundred years ago.  Between the Spanish flu and World War One, we lost 10% of our population or more depending on the geographic parameters you look at.  In 2020, our governments and those around the world were looking to prevent a similar catastrophe and as a result we had a combination of business and supply chain shut downs along with increased adoption of emerging tech.

For example, the work from home business model that some companies used on a limited basis soon became mainstream with a lot of organizations.  Video meetings and platforms like Microsoft Teams and Zoom existed before 2020, but now everyone knows about them.

The use of apps to order food exploded and the adoption of many businesses to still provide products and services with less people pushed emerging tech to faster adoption than if we had not had the Covid Crisis.

I’m not talking about politics, I’m referring to reality which we can see with hindsight.

With the aging of the biggest population demographic, the Baby Boomers, and their retirement rates effectively reducing the working population before the pandemic (10,000 are turning 65 every day) we already had a growing labor shortage in many fields such as trucking and healthcare.  The Covid Crisis, while not as bad as 100 years ago, percentage wise, impacted us in this manner too.

Organization improvement by necessity is what kept most of the pre-pandemic businesses alive today while others never recovered.

There’s still more to do.

MarketingCharts.com released a study of Business to Business priorities that are equally important in the Business to Consumer world too.

The top priority for B2B go-to-market (GTM) teams in the year ahead is to strengthen marketing, sales, and customer success alignment according to the report.

I’ve seen this too many times in businesses and non-profits that there are too many silos.  Or to use a term my parents used, “the left hand doesn’t know what the right hand is doing.”

When I’m working with business owners and we launch an ad campaign, too many don’t tell or share with their teams what we are doing except for some very vague mention like, “we’re going to run some ads to increase sales.”

What is really needed is that everyone in the organization is made aware of just what is going on to promote your business.  From the person that answers the phone, to the front line customer service and tech people, even those mostly behind the scenes need to know what you are doing, what the details are, and why.  When you invest in promoting your business, make sure you have everyone in your organization, “in-the-know.”

When you do this, then most of the other priorities on this list can happen.  That includes:

  • Enhance Customer Experience and Engagement
  • Increase Brand Awareness
  • Increase Internal Process Efficiency

Which can set the stage for the last three on the list pertaining to growth and expansion.

How are you posed to improve and grow this year?  If you are in the area of Fort Wayne, Indiana, contact me and I can help you and your team begin the process outlined here.

64 years ago

64 years ago

It’s birthday week for yours truly.

And there’s not much that I want, because if I really want it, I usually buy it myself.

Of course the best things in life aren’t things that you can buy anyway.

I’ve been doing a lot more reflecting on things lately, compared to a few decades ago, even more than 5 years ago.

The Covid-19 pandemic of 2020 kind of turned some of us to become more introspective because at the beginning, there was so much unknown and conflicting information.  We were told that we just needed to stay home to flatten the curve for a few weeks and then as weeks became months, well you were there too.

25 years ago, I returned to Fort Wayne, Indiana to help my Mom downsize after the death of my Dad.   I was just 38 that summer and my Mom had just turned 65.  I’ll be that age next year, but my health is much better than hers was back then.

Last month, I happened to visit the radio station that gave me my first full-time on-air job as a teenager, and low and behold, there was a guy named Jim who had worked there all those years ago and he was there when I visited.  He was having a birthday that week and turning 75, and still working in sales and on the air.

A few days later, I had coffee with my friend Lee to talk about a client.  Lee’s a few years older than me and I’ve known him since I worked on the air at WMEE in my early 20’s.

And one more connection to my past happened back in October when I spoke to a college class at Trine University at the invitation of an old acquaintance of mine that I met nearly 20 years ago.  He’s a professor now and invited me to speak to his class.

There’s also been the death’s of a few friends and family members in the past few years that have made me introspective and finally, I think one of the last items that has influenced what I’m sharing today was the role I had in our company from early 2020 until a couple months ago.  I was the General Sales Manager of WOWO radio and then also a few other stations before returning to active sales a few weeks ago.   As the General Sales Manager, a big part of my role was to hire, coach, train, and mentor my team.  Now I get to lead by example again.

My desire is to pass along knowledge.  It’s kind of weird, because I’m a curious person looking to learn myself and so as I talk to my elders, I want to know what they can teach me.  And I’m at that age where I’m passing along and passing down what I’ve learned too.   In a moment I’m going to share with you some resources that helped me and could help you too.

But first I recall when I was about 30 years old and creating advertising campaigns for businesses in Detroit.  I had clients in numerous and varied businesses and I took what I learned from observation, from conversations and from experimentation, using their money and improved all of them.  There was a guy Steve who had a transmission shop, a doctor named Tim who was working with his wife to build a health care practice, another man named Mike who ran a rental car business until we transformed it into the best used car dealership in the area and another favorite was a family headed up by Ed and his wife Sharon who created a small mortgage company with their daughters and we transformed it into a debt-reduction vehicle for thousands of homeowners.

This website started out years ago as a blog to save stories and articles online in case my laptop crashed and burned, and has become a resource for others as well as a creative outlet still for me.

So besides this website which will live as long as I pay the hosting fees, there are a few others that I recommend.

I also need to add this disclaimer that I read a lot less books than I did 30 years ago.  Instead I listen, watch and research.  With podcasts and online videos being available in much greater accessibility that 30 years ago, you may find a format other than paper books to be a preferred resource too.

Here we go with authors whose books I’ve bought and read and recommend to others:

Sales Leadership: Mike Weinberg.  I’ve read three of his books and was a regular listener to his podcast when I was a sales manager.  I was part of his launch team for his latest book, First Time Manager: Sales.  Check him out here: https://mikeweinberg.com/  

Marketing guru Seth Godin.  A thought leader and I see he also has a podcast that I’m going to subscribe to:  https://www.sethgodin.com/   

Roy H. Williams, aka The Wizard of Ads, besides his books on marketing, he publishes a weekly newsletter called the Monday Morning Memo that includes a rabbit hole that often is fun and intriguing. http://www.rhw.com/youll-laugh-youll-cry/ is the link to his books and here’s the link to his MMM: https://www.mondaymorningmemo.com/

Art Sobczak has sales books that I’ve bought along with a podcast and blog at: https://businessbyphone.com/

There are three others that I’m going to recommend that had an impact on my 20, even 30 years ago:

Harvey MacKay https://harveymackay.com/   Harvey’s first two books on sales were so influential that my first year as sales manager I gave my team their own copy of them for their own use.

Trout & Ries.  Al Ries and Jack Trout launched a series of books on Branding and Marketing in the 1970’s that I discovered when I started in the ad world in 1986.  Al passed away just last year and his partner and daughter continues his work. https://www.ries.com/books/

The last recommendation is a book that I re-read every few years as a reminder of how to approach sales. Frank Bettger penned the book How I Raised Myself From Failure to Success in the 1940’s and here’s an Amazon link: https://www.amazon.com/Raised-Myself-Failure-Success-Selling/dp/067179437X 

I urge you to be curious no matter how young or old you are and continue to seek knowledge and share with others too.

 

Make The Right Adjustments

Make The Right Adjustments

“We gotta do something”

That’s been the theme for 2022 from many business people.

So they prepare to Make Adjustments.

Making Adjustments is neither good or bad.  Actually it is something that all of us are doing all the time.

The question that often comes up is “What adjustments are we going to do?”

I urge you to stop for a moment and take a few deep breaths before making any decisions.

As hard as it is, now, more than ever, is time to remove emotions from your decision making process.

Emotions can be temporary, and decisions can have lasting consequences.

If you are running a business and you don’t have a strategic plan in place, it’s time to create one.

If you have a plan, but it was created before March 2020, it’s time to review it and see if it needs updated.

If the plan you created isn’t working right now, it’s time to see why and take a look at the whole picture.

For nearly 6 years I have served on the Board of Directors of Homebound Meals of Fort Wayne and I am in my final 6 months.  Besides myself, there is one other board member who has been there as long as me and his term expires early next year like mine.  The organization has been around since 1971 and during that time there have been dozens of board members, hundreds of volunteers, and thousands of recipients of the lunch time meal program.

Their mission has never changed.  The strategy and tactics used to fulfil the mission have certainly evolved over time including the last few years.  I am confident that the partnership between the board and Executive Director will keep the organization around for many more decades as people come and go.

Making the right adjustments is also something I have seen take place at the church my wife and I attend.  We’ve been members for nearly 20 years and have seen numerous changes take place in leadership as some Pastors retire or are called to other places to serve.  Besides the church, we also have a school and they have had people changes too over the past 77 years too.  This summer their Executive Director, Mark Lange stepped down to move forward with other areas he and his wife Sue are being called.

I bring up Mark’s name specifically because I’ve known him and his wife Sue since I was 13 years old and we went to the same high school.  Our church and school, Holy Cross Lutheran in Fort Wayne was going thru some transitions that many older churches have gone thru and that was simply changes in the make-up of the congregation that was part of what was going to have an impact on the finances of the church and school.

A few years ago, I was one of a dozen who were asked to serve on a task force to explore the future needs and future circumstances using demographic studies, internal surveys, and antidotal stories.  Mark showed me how each year we had a financial plan and each week he would release numbers that showed how our income compared to the plan. He also included the actual expenses which were the reality of what was spent and I learned in my conversations with Mark how we were making adjustments as the year progressed.  Besides having the initial plan or budget, we also had a plan on what adjustments to make as needed.

No matter what business you are in, there are a few things you need to always include in your plan:

  1. Products and Services to sell
  2. Have the People and Infrastructure to create those Products and Services
  3. Invitations to potential customers to buy your stuff and ongoing marketing to keep those customers.

Some of you have had to change the portfolio of products or services you sell.  I’m not talking about completely abandoning everything, I’m talking about making adjustments. Fast Food places that were short staffed ran drive-thru only and closed their dining rooms for awhile.  Some restaurants limited their menu to their best sellers.

I’ve also seen some of you expand and not shrink.  Two ways to do this have been to add more products to sell to your customers.  One company added a second business that went hand in hand with their primary business and it’s created more opportunities.

The other way to expand has been to raise prices.  Too many businesses have been afraid to pass along increases to their customers because they were afraid of losing customers.  But inflation is one of the biggest headlines of 2022 and you really need to pass along your additional costs to your customers.  They are expecting it.  No, they won’t like it, but they will understand, (most of them).  You will also lose some.  A few years ago I told one of my clients that she needed to raise her prices which she resisted at first for those same reasons. However this is the ideal time to do it.

Some of the adjustments you may be tempted to make is to cut your advertising.  To which I say, maybe.  However the answer is probably maybe not.

It really depends on your overall strategic plan, not just current circumstances.  While I sell advertising on WOWO Radio and lead a team of advertising sales pros, I’m also a marketing and advertising consultant.  I want what is best for you and your company now and for the future.  If we can help with using the advertising resources of WOWO radio and our online options… great.  But I don’t want you to buy advertising from us or anyone that isn’t in your best interest.

More on what happens when you cut advertising in a future article.  For now, I urge you to Make the Right Adjustments for the Right Reasons, based on a Strategic Plan, not emotion.  Need help?  Contact me.