The Wait is Worth It

The Wait is Worth It

Are you a patient person?

Or does waiting create anxiety?

For me, it all depends on the why I am waiting.

I’m sure it is that way with you too, to some degree.

At the end of 2019 I was cleaning up my email and found a series of newsletters from Roy H. Williams.  Roy goes by the moniker The Wizard of Ads, like my nick name is ScLoHo.  Every Monday for several years, Roy’s newsletter arrives in my inbox.  It’s called the Monday Morning Memo.

Now there’s nothing but predictability in what I just shared with you.  I can count on receiving the appropriately named Monday Morning Memo from Roy Williams on Monday Mornings.

Wouldn’t it be nice to know that all things were predictable?

The Monday Morning Memo dated September 16th, 2019 talks about something I talk about too.  I call it the buying cycle, Roy calls it the purchase cycle.  Both of us are referring to the same thing.  And it has to do with time.

Roy used the example of engagement rings. Roy says:

330 million Americans will purchase 2 million engagement rings this year. This means that 1 American in 165 will buy an engagement ring.

There has been a tendency for digital marketers to emphasize the zero moment of truth.  That’s the instant that a person is ready to go out and hand over their credit card for a few thousand to buy that ring. The digital marketers are looking at that as the time to be in your face with their ads for diamonds.  After all, for many of us, it’s now or never.  Actually in the wedding game, a significant number of us get married more than once, so those diamond ring digital marketers may get a second or third chance down the road.

However the buying cycle or purchase cycle as Roy refers to it, is not the same for everything we buy.  I bought gas the other day, something I do about once a week.  Filling up my gas tank is a much shorter buying cycle than buying an engagement ring.

Also it is important to recognize that most of us have habits that we follow with many purchases and unless there is a reason to change our habit, we aren’t going to change them.

Earlier this year, my office moved from the northwest side of Fort Wayne, Indiana to the southwest side.  I live northeast.

When my commute to the office changed, so did some of my buying habits.  Until this move, I never would have used the gas station or grocery store that I use now.  A few years ago the breakfast place I would visit stopped selling my favorite beverage so I changed.

Because you just can’t advertise a sale and it will convince everyone to stop what they are doing and go and buy from you right now… that is why you need to move from a self-centered marketing plan to one that is customer-centered.  Being there when they need what you can offer is critical.  Reminding them and inviting them, every week is what this is all about.

You Have To Be Trust-Worthy

You Have To Be Trust-Worthy

Now I know that Trustworthy is one word, however I want to dig a little deeper into this idea and what it means to the success of your business.  That is why I hyphenated Trust-Worthy in the title of this article and podcast.

If you’ve been listening to the past few podcast episodes or reading these articles, you may have picked up on the importance of Trust.

The Trust Factor is a foundational Human Relationship Principle that needs to be included in your marketing.

Well, last month I saw a story from MarketingCharts.com:

For Many Americans, Trust in Businesses Must Be Earned

Before my time, I’m talking 50 or 60 years ago, I think we were a more trusting country. At least that is my perception. In the past couple of decades, since 9/11/2001, Americans attitudes have become further clouded as a country regarding Trust.

That overall skepticism is an attitude that has spread to business, especially big business.  Also the past two years we have been through a tremendous number of events that have made us less trusting.

Even those of us who are generally optimistic have struggles trusting in things like, “Will the restaurant I want to go to be open today?”  I had that challenge last week when I discovered that my usual Monday lunch spot was now closed on Monday’s as a way to cope with staffing issues.

Here’s a few numbers from the article:

In its survey of 2,200 US adults, Morning Consult found that 42% agreed with the statement: “I tend to trust companies. They must do something bad to lose my trust.” By comparison, an almost equal share (39%) agreed more with the statement: “I tend to not trust companies. They must earn my trust.” The remaining fifth (20% share) said they either didn’t know or did not have an opinion.

And:

In the US, businesses that are trusted will be rewarded… Some 39% share of respondents in the US agreed that when they trust a company, they go out of their way to purchase from them.

Here’s a couple more stats from this survey:

There are penalties from consumers’ loss of trust in brands. Slightly more than half (54%) in the US said they have lost trust in a company or brand, and among those 42% stopped using them and started using their competitors’ products, while 39% stopped using them and claimed they will never use them again.

About a year ago, I was on a lunch break at a restaurant that was busy but they didn’t indicate their would be an extraordinary wait time. Turns out that was a big mistake.  We sat for over 20 minutes before anyone took our order and finally when our food arrived we had them pack it to go because we were there over an hour and had to get to our next meeting.

Multiple times we attempted to flag down a host or waiter and were told they would be “right back”.  After placing our order, we were still not given any warning that they were slammed and understaffed.

We left hungry, with a bad attitude and have not returned since.

One more quote from the story:

Factors That Build Trust

Within the US, two factors stand out as being the most important in building trust: good value for price; and high-quality products and services.

This survey was about brands, not individual businesses but the same principles apply:

  1. Over communicate if things are not what is typical for your business.
  2. Don’t ignore problems, there are long term ramifications to the health and success of your business if you do.
  3. You need to do everything possible to earn the trust of your customers and clients, all the time.
  4. We don’t expect perfection, but please own up to mistakes and problems.

That is how you become worthy of trust.

Are you Trust-Worthy?  Next time, I’ll share a way to let others know.

 

You Can’t Whine & Win at the Same Time

You Can’t Whine & Win at the Same Time

Congratulations, you have successfully completed 6 months of 2022.

How do you feel about that?

Well first off, for making it this far this year, you and everyone else gets a participation trophy.

However the real trophies in life come from more than just showing up.

If this sounds like a little rant, it is, so buckle up.

We often hear news stories and articles talking about “the average” this and that.

You know what an average is right?

You take it all, the good, the bad and the stuff in-between; add it up and then divide by the number of figures you averaged.

There’s an old joke about three guys at a shooting range.  The first one misses his target by 6 inches to the left.  The next one also misses his target by 6 inches to the right.  The third guy happens to be a statistician and says, “Well I don’t even need to shoot, ’cause if you average out your two shots we got us a bulls-eye.”

No matter what you are doing, there is going to probably someone better than you and worse than you.

You certainly don’t want to be in the worst group, right?  In business those who are doing the worst are failing.

The next group, the one in the middle. These are the ones who are doing average work.  Their business is not quite failing or not making boat loads of money either.  They are just surviving, for now.  Or maybe they were surviving and then something happened and now they aren’t doing so well.

The last group, those are the winners.  Above Average.  Top Performers.  They get more than a participation trophy, they get the prize money for coming in 1st, 2nd or 3rd.

You can tell alot by observing and listening to the people in these three groups.

At the bottom, there is often a lot of grumbling and blaming someone else or something else for their troubles.  Rarely do these people and their businesses succeed.  They are too busy whining and You Can’t Whine And Win At The Same Time..

In the middle you’ve got those that wish things were better but don’t commit to the changes needed.  Their businesses are built on Hope and Hope Alone.  “If the stars align…” Right.  Similar to the bottom group but at least they have ideas on how to get better.

Those at the top are a different breed.  They are not willing to settle for mediocre.  They don’t want to be average.

Of course there are fewer of these winners than the other two groups but they are also significantly outpacing the others.

And finally when I say, You Can’t Whine And Win At The Same Time, Winners also whine sometimes too.  But they don’t get stuck there and make whining a lifestyle.  Winners push thru the tough times and realize that they are not helpless victims of circumstances.  They adapt, they innovate, they create, they find a way to move forward and don’t let the set backs paralyze them forever.

If you run a business that wants to win and you are in the Fort Wayne, Indiana area, contact me.  I have some marketing wisdom to share.

If you are an individual with a winner’s heart and attitude, contact me too because I am always looking for that kind of person to consider for openings on the WOWO Radio Advertising Sales Team.

Scott@WOWO.com is my email or you can find me online by Googling ScLoHo.

 

Own Your Space

Own Your Space

Here we are in the summer of 2022 and due to some recent business meetings I’ve had, I need to give you a piece of advice that I’ve said repeatedly over the years.

Own Your Space.

Not just any space, but your space online.

This applies to you as a person and if you have a business.

A dozen years ago, I was showing college students how I created my own personal brand, the ScLoHo brand with a couple of blogs that I updated every single day.

Then 11 years ago, my friend Kevin challenged me to create my own space, not for the ScLoHo brand, for me, Scott Howard.

And so I did.  It took a few months but I invested in my own website instead of using the free blogger sites from Google.  This is that website I created in 2011.

It looks much different than the first version.  The domain name, ScottHoward.me, was selected because the dot com version of my name was already taken.  So while the layout and design have evolved over the years, this website has been consistently been the Space I Own.

Recently I’ve seen business start-ups that don’t have their own website, they are relying on socials.  You don’t have a real business, you’ve got a hobby.  Until you spend a few hundred bucks, buy a domain and create a simple landing page, at the bare minimum, you aren’t real.

Not in today’s world at least.  Look, you don’t even have to use it to run your business, but if your own website doesn’t exist, neither does your business as legit.

I’m not into building websites anymore, but I can connect you with the people I trust.  Believe me, I want you to succeed, and there are always a few exceptions to most any rule, but do yourself a favor and get Your Own Space now, for your business and also for your own personal branding.

Tell The Truth

Tell The Truth

This week I have a message to those people who are in the advertising and marketing world and I am going to also apply it to those of you who are simply in the business world.

The message is one your parents, pastor and teachers told you repeatedly from the time you could talk.

Tell The Truth.

I know, there are people who will say that what they are saying is their version on The Truth, but some things are simply untrue.  They are often buried in fine print, or fast talking disclaimers, or sometimes just claims that are bogus and outright lies.  You might get away with these because the person you are telling them to, doesn’t know any better.

Here’s what got me on this little rant today.

Along with being the General Sales Manager of WOWO radio in Ft. Wayne, Indiana, I also serve on the Board of Directors at a local Non-Profit organization.  As the only board member with a background in media and marketing, our board and Executive Director asks me for guidance in those areas.

A few years ago, a local TV station approached our Executive Director with a proposal to buy commercials on their television station and I offered to review it before our Executive Director signed anything.

What I did first however was go through an exercise we call a Marketing Strategy Model.

The Marketing Strategy Model is a template from the radio stations sales consultants that is one of the best ways to determine what to buy because it gives you a measuring stick to use when evaluating advertising proposals that ad salespeople try and get you to buy.

Creating a Marketing Strategy Model for the Non-Profit took a couple of meetings and some really in-depth questioning and research, but it was well worth it.

When I did this a few years ago, and then we looked at the TV station advertising proposal, we saw that their advertising sales rep was way off base and the proposal did not meet the real needs for our Non-Profit.  Our Executive Director asked me if there were any media recommendations I would make.

Now I knew ahead of time that WOWO radio was likely the best choice for them to reach the people for their need but that was because of my media background and insider access to rating and demographic data.  If I was working for another radio station, I would still recommend WOWO because it was the best fit for the needs we uncovered while creating the Marketing Strategy Model for this Non-Profit that I serve as a Member of their Board of Directors.

The need that this Non-Profit has is for volunteer drivers. They have all the other bases covered, but the work they do relies on volunteer drivers.

One of the other Board Members suggested earlier this year that we look at diversifying our marketing outreach.  WOWO is a conservative news talk radio station which is highly popular because this part of the state of Indiana has a conservative leaning population, politically speaking.

This other Board Member suggested we look at getting the word out about needing volunteers by using the more liberal leaning public radio station which also broadcasts a mostly news and talk format during the day.  I think it’s a good radio station too and I often listen to it on weekends for some of the Public Radio shows that are both entertaining and informative.

As the media advisor on our board, I was sent a copy of the proposal for the Non-Profit by the public radio station and as I read through the 2 page document, red lights started going off in my brain.

I knew that one line on the first page was a lie.  That one lie cast doubt on everything else in the document.  It was mentioned as a simple fact that could not be fact-checked unless you had access to the rating database that I have because of working in the local radio business.

It was also an un-necessary lie.

Here’s what it said:

W— Listeners (90,000 in NE IN) are highly engaged in the community.

I am not calling them out by name, but there is only one local Public Radio station, you can look it up.

They don’t have 90,000 listeners in Northeast Indiana. They have less than half that many.

I did my research and looked at monthly rating data that goes back 16 months, to 2020, and none of the months showed they had close to 90,000 weekly listeners.

If their underwriting director had been truthful and said “we have over 40,000 weekly listeners” that would have been a credible statement.

And honestly, for the needs of this Non-Profit, the total number of listeners is not as important as the actions those listeners take when hearing the message about needing volunteer drivers.

That’s another challenge when using Public Radio or Public TV stations.  They are prohibited from selling commercials that have distinct call to action in the message or a comparative statement.  They position themselves as commercial-free because their broadcast licences don’t allow them to sell regular ads.  They are underwriting messages, which are pretty bland.

If our Non-Profit was looking at creating community awareness with a branding message, this could have been an option to consider. However there is a current urgent and on-going need that needs to be filled and that is recruiting volunteer drivers.  That was determined a few years ago when I helped them create a Marketing Strategy Model.

There were other disadvantages of using the Public Radio Station versus WOWO along with the limitations of the message.

The audience size, no matter how I sliced it, was half of the WOWO audience and for the money, the Public Station offered only 6 or 7 ads per week compared to 30 per week with WOWO.

When I shared this insider information with the Executive Director of the Non-Profit, she also told me about how she had to make multiple calls and emails inquiring about advertising before the Public Station returned her calls and then he was incomplete in answering questions.

No matter what business you are in, always be truthful, if you lose your credibility, you have nothing.

And if you want information on using WOWO, I won’t make you beg for it.  My pledge to you is no less than 1 or two business days is the longest you’ll have to wait.  Most likely, it will take minutes, or hours, not days or weeks.   Scott@WOWO.com is your direct line to me.