Posts Tagged ‘Internet Marketing’

Big Ideas Take Time

Tuesday, May 22nd, 2007

Everyday we receive hundreds of applications from entrepreneurs seeking guidance for their startup.

Here’s a summary of an application that recently came through:

Current Occupation: School Teacher

Current Income: $37,000 per year

Business Experience: None

Business Idea: I want to sell something online

Financial Goals: I want to make $500,000 in the next year

I guess with all of the infomercial and sales letter hype that’s out there promising immediate financial rewards, it’s hard to blame him for his unrealistic expectations.

Look, the great thing about entrepreneurship is that, in fact, a school teacher making $37,000 a year can go out there and start their own company and make $500,000 a year. It absolutely can happen. It happens all the time, actually.

But it won’t happen in a few months. It will probably take many years. And that’s ok, because the journey can and should be invigorating and enjoyable.

In regard to the time required for success, John Jantsch of Duct Tape Marketing summed this up recently. He said, “I know you need the quick fix, you want the result now, you need the hot new thing. Ask yourself this question–How long do you plan to be in business? If it’s more than a year…start planting seeds for your long-term growth by investing in foundational marketing practices that may take time to bare fruit, but ultimately produce the greatest returns.”

(He then explains the Foundation 3C’s of Marketing that require a long-term commitment, but lay the foundation of long-term business success.)

I think you should definitely go for those big, daring goals that excite you. But if those goals include making large amounts of money and being in business for the long-term; then expect a 3 to 5 year investment of sweat and discovery.

Just decide in the beginning to enjoy every day of the journey. It’s well worth it.

Check out these great posts for more information about this topic:

Anxieties of Waiting to be Successful

An Overnight Success

Setting Realistic Goals for Your Online Business

Success and Setting Goals

Note to Entrepreneurs: You Can’t Please Every Customer, But You Better Try

Thursday, May 3rd, 2007
I’m about to air some dirty laundry here.Every company screws up from time to time. We screwed up recently and it really tweaked a prospective client.

Of course it’s ridiculous to think we can please everyone we market and sell products to. But, you better be willing to try. You better be willing to fight for your reputation.

Why? Two reasons. In this new warp-speed world of online opinion sharing, one sour consumer can make some very costly noise.  And, because at the end of the day, truly great companies earn their greatness through the power of positive word of mouth.

Today, just one determined dissident can do real damage to your reputation and your brand. Don’t take “that difficult guy” lightly. In our ultra-connected world of instant feedback, you can no longer afford to blow him off.

Let me give you a timely example: Just today I picked up a repaired phone at Sprint. From the outset, everyone there seemed snippy and icy. When the sales person handed me the phone I thought he was about to shake my hand, so I responded with an outstretched handshake. It turns out that I had misread his movement and quickly realized that he was probably just wiping some grease on his jeans! So there I was in that awkward, lonely zone, hand outstretched as we both made our split decisions. I decided to leave my hand “out there”. He decided to turn and walk off. Just left me stranded! I was not impressed and I have already told 3 people about that experience. Now it’s forever multiplied in this blog. Times have changed. (Look at how this unsatisfied customer made “noise”)

(If anyone has an example of how one or two sour clients caused big headaches, please share!)

So here’s my confessional. This is an email we received last week a few days after one of our programs was promoted to one of our internal lists:

“Hey Northstar!…Your program is not worth the email you sent out!  I have tried to contact your company on at least 7 different occasions and cannot even get the courtesy of a return call or email response.   Remove me from your list, as I only work with people with integrity and it is clear that your company does not align with this.  You are out of integrity with all that you preach.  I was a fan, but no longer. –N.”

Ouch! In the spirit of trying to reclaim lost trust, we got right on this…first step, just genuinely admit and apologize. No one cares about your excuses.

“Dear N, I apologize for your experience with the Northstar office. We have removed your name from our list. Please know that it was never our intention to be so difficult to be in communication with–and, I am sorry for your frustration. We were unaware of any breakdowns in our phones/systems/personnel–but, will now look into what happened and immediately make the correction. Thank you for bringing this to our attention.

If there is ANYTHING I can do for your to reduce your level of frustration, please don’t hesitate to ask–if I can provide it, I will. –Anya, Director of Curriculum”

Surely, this would settle him down. Um, no…

“Northstar…Thanks for the apology, but the service was so bad and frustrating that I am not interested in doing business with anything Northstar related. If you really care about changing lives through a value centered service, you will rethink your approach to customer service…

I am very glad I did not choose to enroll in your program for it truly would have been a waste of money when your organization did not even function at the level I function. If you were a high functioning athlete, would you be coached by someone who has never played the game? Or even simpler, someone who didn’t even show up at practice?–N”

Double ouch! The immediate temptation at this point is to fight back. Surely, the client is over-reaching now, over-reacting. Right? Perhaps.

Thankfully, Anya remained patient and fell back on trying to genuinely understand more about the client’s perspective…

“Dear N–Thank you, again, for your feedback. In order to correct this, it would help me immensely to know exactly what happened. What I know is that you attempted (on several occasions) to contact our offices and never received a return call. Things that would help are: Who were you trying to contact in response to what, specifically? What number did you call? Did you ever speak with someone, and if so, was this the person that failed to call you back? Any other information that would help me get to the bottom of this will be appreciated. And if you choose not to respond, I understand and wish you well.–Anya, Director of Curriculum”

Mr. N then suggested that we call him. I think we chose the right person to pay attention to. Based on his willingness to continue the dialogue, he was probably someone who was more than willing to be quite vocal about his discontent.

Anya made the call. Ate humble pie. Got really full on a bunch of humble pie. And finally won our little war for a heart and mind. Here was the final email from our formerly peeved friend:

“Anya–Thank you for the opportunity to vent my concerns and frustrations! It was a pleasure speaking with you and if you represent the level of service of the true team at Northstar, then I am certain you will produce the results promised!–N”

Time consuming, yes. A bit of a distraction, yes. But absolutely worth the time and effort. Turning a detractor into a fan is more valuable than an average client. This was time well spent. We learned several good lessons. And we’ll keep fighting for our reputation.

I suggest you do the same.

Check out these great post for more information about this topic:

The Power of the Customer’s Voice

Seven Ways to Resolve Customer Service Issues

Using Customer Feedback to Build Your Business

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The New Speed of Internet Marketing

Wednesday, April 4th, 2007

Information has always moved pretty quickly on the Internet. But the new technology allowing information to move in an organized, highly targeted way is changing everything about Internet marketing.

Entrepreneurs and small businesses who understand how to tap into the online world of community and customization will be able to reach buyers in ways we never dreamed before.

Take a moment and watch this powerful video below (over 2 million views), The Machine is Us/ing Us but before you do, if you’re not a “techie”, don’t focus on that aspect of this clip because you might glaze-over in the first 20 seconds. Instead, stick with it through the end and focus on what this video illustrates about the future of customized online information. What does it indicate to you about where the internet is going? What does it indicate about your need to understand the new speed of the Internet?

Brad Fallon, a search engine optimization expert had some interesting thought on this video:

“It’s a very cool combination of screen capture and video which makes some really salient points about the future of web technology and the effects it will have on how people interact and express themselves…This piece, “The Machine is Us/ing Us,” covers the changes occurring online that are democratizing and socializing the shared online spaces we occupy.

It’s got me thinking not just about what this means for “community” online, but what it can mean for business and commerce. In a lot of ways this kind of interactive development has brought the web full circle. Rather than having global mega-stores that sell everything, we see more and more mom-and-pop corner shops appearing, albeit with a potentially global customer base.”

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