Do You Want MORE or BETTER?

It’s the old quantity versus quality debate that can apply to any situation.

Dating… do you want lots of girl/boy friends or just one that rises above the rest?

That’s the whole premise of the Bachelor television show.  In fantasy world being surrounded by a lot of good looking women can make a young mans head explode.

But in the end, it’s the heart that is really looking for “the one”.

Food… do you want to stuff yourself at the buffet line for two hours or spend those same two hours enjoying your absolute favorite meal?

Those two examples certainly point to quality as the winner over quantity but here’s an example of situations where the opposite is true:

  1. The doctors office that needs sick people to treat.
  2. The gym that actually has more members than they could ever serve who pay a little each month but only a fraction are in the gym at the same time.
  3. McDonalds and other fast food places because we only eat a few times a day, they need a lot of people to buy their fries, burgers and shakes.

In my world I will do a little of both but my focus is on finding the BETTER advertising partners over finding the MORE advertising partners.

Sure, I will talk with nearly anyone to see what I can offer to help them and their business succeed.  Sometimes it is just a bit of advice, sometimes it’s a connect that I can facilitate.

But the ones that I truly partner with and become their marketing coach are the ones that we build a quality relationship with.

I’m in the process of moving one of my advertising partners into a more quality focused marketing campaign.  They are a unique B to B company that initially wanted to drive more people to their website.  That was easy.

This is the new Custom Audience Targeted Digital Display Ad for Superior Water Conditioners

In the first 10 months the Custom Audience Display Campaign I ran through the Federated Digital Solutions division of my company drove over 5,800 brand new trackable users to their website.  The last couple of months over 700 per month were clicking on the “silly display ads”.  My campaign team was amazed at the response we were generating because, “it isn’t supposed to perform this good.”

I just fine tuned the campaign to zero in on exactly the people we want to reach and eliminate some that we don’t want.  I also added a live radio campaign on WOWO radio to help Superior Water Conditioners build up their top of mind name recognition locally.

If you are a business owner or marketing manager that also believes BETTER is preferred over MORE in terms of customers, you are not alone. According to a recent survey, finding quality leads increased to the top priority in 48% of those surveyed, compared to just 26% last year.

Want help?  Let’s talk.

Do You Have A Marketing Measuring Stick?

Three questions that apply to everyone and nearly everything:

Do you set goals?

Do you set up a plan to meet those goals?

Do you meet or exceed those goals?  

You can ask those same questions to a high school freshman, a college freshman, or a 50 year old and you will be able to determine the level of success they will achieve.

Everyone has goals, even if they don’t consider them goals. Each one of us has a goal of waking up, eating a couple of meals and going to sleep at the end of our day. But those goals can also be considered habits.

To really make some positive changes and improvements, setting goals is truly a first step.  Not the only step, but you have to have a goal first.

Let’s jump into the business world since that’s my focus and sharpen that focus to advertising and marketing.

The goal oriented question I have for you is:

Do You Have A Marketing Measuring Stick?

Last year I launched several advertising and marketing programs for new advertising partners and some were more successful than others.

Not because some produced greater measurable results.

The real reason some were more successful than others has to do with setting goals and measuring the performance.

Some businesses were kind of fuzzy on their goals and so it was hard to determine if or when they met their goals.

Some businesses set goals but never fully put in place a method to track or measure the results.

Other businesses had unrealistic expectations and were not open to learning how to properly align their goals and expectations with the actions required.

On the flip side, I got to work with several advertising partners that were wildly successful and will likely be lifelong advertising partners.

What’s the difference?

It comes back to: Do You Have A Marketing Measuring Stick?

If you don’t then you are having to rely on assumptions and feelings which is a dangerous way to live your life and a business.

Let me tell you about the advertising partners that quit last year but shouldn’t have.

The first one was a dentist who I had worked with a few years ago and helped them build their practice from scratch.  Then they cut expenses for awhile because they were expanding by buying another practice and wanted to show the bankers a more favorable cash flow.

Two years later, I meet with them again, but instead of meeting with the doctor and his wife whom I had worked with the first time, my meetings are with a staff person who has been assigned to handle his marketing.  I give her credit.  She is smart.  But she also needs some guidance and mentoring to help them make smart marketing decisions.

Instead, this dentist office didn’t follow my recommendations to track response.  Without this critical information, all they can do is go with feelings since they don’t have any data.  In my final meeting with them, they said, yes, they did get an increase in the types of patients that we were advertising for on the radio.  But no, they didn’t keep track and so it’s a wild guess as to how profitable they were.

The real problem with this dental practice is they cannot justify ANYTHING they are spending money on to bring in new patients, because they have no measuring stick or record keeping.   I really feel worse for them than me because they are blindly spending money without any accountability.  And unfortunately this is the way the majority of businesses make advertising decisions.

Ironically the other advertising partner was also a dentist and a competitor to the first dentist.  Their offices were about two miles apart.  With dentist #2, we had a measuring stick because our entire campaign was digital with no radio ads. The measuring stick I used was the reporting I got every month.  The digital ads were responsible for 80% of the new visitors to their website.  That’s more successful than any other digital campaign I have run!

So why did they quit?  They went in with a short sighted mentality.  They initially decided to give it a shot. I told them what our minimum time commitment was and they were reluctant but did it anyway.  And despite evidence that we were building their practice, they decided to use a different measuring stick.  They decided to stick with a budget no matter what the results were.   I had a gut feeling about both of these dentists from the beginning, and I was right.

One more doctor story.  This time a chiropractor with two offices.  This doctor and I worked together starting last summer and just recently I tweaked his campaign.  We were in agreement with how to measure and what to measure.  2017 is going to be a fantastic year for the chiropractor.

The dentists I worked with, I am going to use the information I did gather and find another dentist that can work hand in hand with me (including the “measuring stick” or tracking) and help them grow.

Do you have a marketing measuring stick?   Do you know what to measure and how to measure it?  Do you want help?

Insight on WOWO Radio Listeners

A couple of tidbits of information that applies to the listeners of my radio station, WOWO, in Fort Wayne, Indiana.

For the past 20 years WOWO has been a news/talk radio station, (out of 90+ years on the air.)

Last month we received results from the rating service we subscribe to and again WOWO dominates with one of the largest audiences in our city.  Even more impressive was the number of adults who listen.

I like to call them grown ups because once you reach a certain age you start doing grown up things like buy a house, start having kids, and buying important stuff.  There’s lot’s of important stuff to buy once you are a grown up.

One tidbit of information has to do with the format of WOWO, News/Talk.  2016 was a huge year for political news with the election, and now as we move through the first couple of years of the Trump adminstration, there is no slowing down in sight.  Nationally the News/Talk radio format was the most listened to in 2016 and the experts predict it will continue.

While it’s nice to have some industry insiders proclaim that, I knew that and you probably did too if you gave it a couple moments thought.

The other tidbit of information I have gathered merges two sources.  When I dig into the radio rating information specifically for WOWO, I continue to see a huge number of listeners who are around the Baby Boomer generation.

To give you an idea of what Baby Boomers look like: Michelle Obama is a “young” Boomer, born in 1964 and Hillary Clinton at age 69 is at the other end of the Boomer generation.

Mediapost published this insight on Boomers which applies to most WOWO radio listeners:

What We’ve Learned About Marketing To Baby Boomers by Jim Gilmartin

Our Understanding of the Baby Boomer Consumer

Mark Twain wrote, “The problem isn’t the things that we don’t know; it’s the things we ‘know’ that ain’t so.” His comment is simply a reflection of a common-sense reality. Today, marketing and selling draw on a lot of things “we ‘know’ that ain’t so.”

For instance: Marketers once “knew” (and many still do) that people 50 and older rarely change brands. Everybody “knew” that once consumers settled in on a brand or a company, they became more resistant to switching to another brand or business as they got older. Research shows that to be wrong. We also learned that consumer behavior is pertinent to the subtleties of marketing, advertising, and sales practices. Here is some of what we’ve learned.

1. As we age, our individualism increases

Baby Boomers are less subject to peer influence than are younger consumers.

Marketing Implication: Keeping up with the Joneses is not as important as it once was; thus, advertising that invokes social status benefits does not play as well in Baby Boomer markets as it does in younger ones. Largely freed from worrying about reactions of others, Baby Boomers tend toward greater practicality in buying decisions than younger consumers.

2. We develop an Increased demand for facts

Baby Boomers tend to be less responsive to sweeping claims in marketing messages as they age.

Marketing Implication: Hyperbole turns them off. If Baby Boomers are interested in considering a purchase, they want unadorned facts. Years of buying equip them with knowledge of what to look for and what information they need for an intelligent purchase. However, they often don’t get to the point of asking for facts until a product has emotionally intrigued them.

3. Our response to emotional stimuli increases

Baby Boomers tend to be quicker than younger consumers to reflect a lack of interest in or negative reaction to an offered product that doesn’t make an emotional connection.

Marketing Implication: Such “first impressions” are more likely to be permanent than among younger people, who are more apt to give a marketer a second chance. On the other hand, you can embed a positive first impression especially deep in the emotions of the Baby Boomer — so much so that he or she is often more disposed to be a loyal customer than the younger consumer.

4. We become less self-oriented, more altruistic

Baby Boomers tend to show increased response to marketing appeals reflecting altruistic values.

Marketing Implication: This tracks with shared middle-age shifts toward stronger spiritual values in which concern for others increases. As their altruistic motivations grow and become more powerful, narcissistic and materialistic values wane in influence. Marketers to Baby Boomers must rethink their traditional egocentric appeals in marketing communications.

5. As we age, we spend more time in making purchase decisions

People experience changes in their perceptions of time, and also the meaning and role of time in their lives as they grow older.

Marketing Implication: For example, Baby Boomers often ignore time-urgency strategies in marketing — such as: “Offer good until —,” “Only three left in stock.” Generally, “time is not of the essence” is a common attitude among Baby Boomers, especially those who have retired.

6. We often project what seems to be contradictory behavior

Sometimes we characterize Baby Boomers as selfish and selfless, penurious and profligate, spontaneous and deliberate, and so on. These different attributes lead some to describe Baby Boomers as contradictory — or at least, confusing in their behavior.

Marketing Implication: Baby Boomers are not different in their conduct; they are sensitive to the context in their behavior. For example, a Baby Boomer may use coupons in a grocery store, after which she drives off in a Mercedes.

This activity is not evidence of conflicting behavior, but an example of the rules of thriftiness applied to basics, and the rules of full value applied to discretionary expenditures. In the first case, the price is the common denominator in consumers’ interest, in the second, there is no common denominator because each person calculates the whole value in a unique manner.

Want to know more?  Let’s talk.

You Are In The PEOPLE Business

Okay, you are not really making money by  buying, selling or trading human beings, but hang on…

You are in the People Business, no doubt about it. ScloHobookgs

In my world at WOWO Radio and  Federated Digital Solutions, one of the tactics that I offer that captures the attention of people I talk to is something called geo-fencing. It’s a method to serve digital display ads to individuals based on the places they go.  For example, I have a couple of doctors that are geo-fencing other doctors offices to offer an alternative option to those patients.

It’s all done with a bunch of technology that is both impressive and scary at the same time.

However, I need to remind my doctors and others who get excited about technology that they are really in the people business.

Using my doctors as an example…

If Doctor A wants to increase his business by inviting more people to become his patients, he can covert Doctor B’s patients to become his by inviting them through the geofencing method I mentioned.  But the advertising is just an invitation. Advertising, even targeted advertising is only an invitation and a fraction of the people exposed to advertising will respond.

This is true of any and every form of advertising.  You will never get a 100% response rate to an advertising campaign no matter how highly refined the methods and technology.

Let’s focus on those that do respond.  They are people and they want to feel good about doing business with you. If there is some person who answers the phone or deals face to face with your potential customer who makes your potential customer feel less than confident about becoming your customer, than you can lose that customer.

I have seen this happen with some of my clients and all of us have been in the customers shoes where we decide NOT to buy due to something another person did or did not do.

Let me leave you with a few questions to ask yourself:

  • When a potential customer calls, what do they really want and how well are we providing?
  • When a potential customer walks in to our business, what do they really want and how well are we providing?
  • If a customer has a problem or question, how do we take care of the issue to fix the problem or answer their question?
  • What can we do to create a positive people experience for everyone?

How Explainable Is Your Work?

I confess. sometimes it’s hard to explain what I do.  I am in a BNI Chapter and every week we have 45 seconds to stand up and tell the guests and members who we are, what we do and who we would like to connect with as a referral.

How explainable is your work?formula_for_success

If you are a realtor, you buy and sell houses.

If you are a dentist, you take care of peoples teeth.

If you are an engineer, well, I have no idea what you do except it’s important.

When you are marketing your business, you and I need to be able to communicate to others what we do and sometimes it can’t be done easily.

But just because it isn’t easy to explain your work, doesn’t mean all is lost.

Perhaps the big picture of what you do combined with a personal uniqueness is the key.

Like, “I’m the dentist who loves kids so much we just had our 7th baby”.  I have an advertising partner that has a bunch, maybe only 5 or 6. But that sure makes an impression right?

I went through this exercise several years ago with a realtor and found out that of the THOUSANDS of Real Estate Agents in our area, she was the 2nd best or 3rd best in several categories so we had to dig deeper and find out why her clients liked her and we came up with an easy way to explain her work when we were done.

By the way, my simple way of explaining my work is, “I help businesses invite people to become their customers.”  I still need to tweak that some more because the long version is about 5 minutes.  I shared it the other day, but if you missed it, click here.

Another by the way… When I am helping someone determine how to explain their work, for advertising and marketing purposes, it helps me to determine which advertising options are needed and will be most effective.

Will a 60 second live endorsement ad on WOWO Radio be the most effective because we need time to explain a bit about your business?

Or…

Do we simply need to drive people to your website with shorter messages that with more frequency?

Or…

Do we need to reach people online with a Custom Audience Targeted Digital Display Campaign?

Or…

Do should we do an email campaign, or a contest, or a combination of all of the above plus a few other options?

It’s all part of determining what you really need and it begins with the ability to explain your work in such a manner that it motivates people to want to know more and then spend money with you.

Want help?  Contact me.