State Dept. Asked Site to Keep Running
According to a recent Washington Post article, the State Department asked social-networking site Twitter to delay scheduled maintenance earlier this week to avoid disrupting communications among tech-savvy Iranian citizens as they took to the streets to protest Friday’s reelection of President Mahmoud Ahmadinejad.

and

“Iran is not the only global hot spot where the State Department has taken an interest in Twitter, nor even the first. For months it has been working to deploy the short-messaging service to Iraq and Afghanistan, part of a broader plan to leverage U.S. technology companies’ connections with youth as a diplomatic tool.” BusinessWeek June 18, 2009

These are remarkable times we live in. We have access to many powerful communications tools that are radically changing our world…every day. My friend Gordon Rude said to me recently, “Almost everything we do will be changed in 10 years.” That’s amazing, and not hard to imagine. Think about the changes we’ve experienced over the past 10 years.

Many of us are resistant to change. Conservatism is a natural human response. In the extreme, change can be terrifying and exhausting. At the least, it is unsettling.

Business is changing. New products and services come at us in waves. And marketing messages are being delivered in new and innovative ways. About the time you feel good about a new technology, it is surpassed by something new.

So, what are you doing to stay abreast with this torrent of change and innovation? Have you seriously considered new technologies in marketing your business? Or are you just dismissing Twitter, Linked In, Facebook, videos, blogs, and the other “force multipliers” that are available to you?

I’m an amateur at all this stuff but it is helpful for me to read and discuss what’s going on. Are you engaged in discussion with others about what they are doing? Are you asking questions? There’s a lot to know and sharing knowledge is the only hope for keeping up. Find a way to do that.

They’re tweeting from the streets of Tehran. There’s a message there.

Staying On Track

June 15th, 2009

It seems to me that one of my biggest challenges is to remain consistent in my new business development activities. It appears to be the case with many of my clients, as well. Most of us have a good idea about what we should be doing; we just don’t have a good method for staying on track. So other than accepting that we’re doomed to the surges and droughts that result from lack of consistency, what can we do?

Much of the problem results from not having a process we stick with, nor an environment that helps us to stick with that process. Yeah, I know, you may not like too much structure. I’m with you in that department. However, without a process, you’re bounced from one activity to another without necessarily progressing closer to your goals.

There are many approaches to marketing but they all start with a well thought out plan. There are many forms your plan can take. I recommend a few to choose from: Appendix B of Business By Referral by Dr. Ivan Misner, “7 Sentence Marketing Plan”, article by Al Lautenslager or the OpPlan format used by the military (aka SMEAC or the 5 Paragraph Order.)

The second key element to making this work is having an implementation system. Solutions here include hiring a Business/Marketing Coach, joining a Master Mind Group, creating a peer coach relationship with a colleague, or hiring a Trunk Monkey, Marketing Coaching Edition Trunk Monkey. Having accountability to someone other than ourselves has a way of motivating us to get things done. And having to declare what we will do and then report on what we actually did makes a big difference. We tend to let ourselves off the hook but hate to come up short in the eyes of others.

I’m wondering what works for everyone to get and keep you on track. It’s a constant effort that is worth investing thought and effort into.

Marketing Cat and Mouse

April 23rd, 2009

Criminals turn to cheap labor to beat captchas

USA Today     April 23, 2009

Captchas, the text images used to help secure e-mail and social-networking sites against spammers’ automated systems, are designed to be understandable only by humans. So the spammers are hiring cheap human labor to do the job.

 

Getting your message in front of people has turned into a real cat and mouse game for some.  Seems like those boxes with the letters and numbers used for web site security to thwart those evil spammers isn’t enough to stop ‘em.  Reminds me of when I lived in the woods in Maine.  The mice were always figuring out whatever trap, bait or other contraption we could come up with.  The only thing that worked consistently was a cat: the personal touch. 

 

Other forms of leads acquisition are spokes in your marketing wheel, but for most of us the personal touch is the way to go.  So building a diverse network and creating key relationships is the best path for new business. 

 

I’ve been chained to my computer a lot this week, doing proposals.  Getting out has been tough but the shame of having to report my networking score card results in my coaching group drives me out.  Had a lunch with a group of folks yesterday (points) and will be going to a mixer tonight (more points.)  Watch out!  I’m looking for referrals for my “P’s”.  (Really big points!)  And I need the points. 

Your Biggest Challenge

April 10th, 2009

“ Strategy without tactics is the slow road to victory but tactics without strategy is merely the noise before defeat.”   

                                                                                                                            Sun Tzu                                                                                                                                                                                                                                                                                                                                           

                                                 

It seems that the idea of developing a business strategy is gaining more attention all the time.  I’ve often related my favorite quote, above, to business people I know.  And the theme is showing up more and more in books, articles and seminars.  Good stuff, all, and certainly important to business success.  But it’s one thing to articulate a good strategy and another to implement it.  In military circles, things like the fog of war are recognized as disruptions to even the best strategies. 

This fog of war shows up in our business world as the day-to-day execution of the “thing” we do. In fact, the biggest challenge that we may have is executing well on a consistent basis while maintain focus on our longer range strategic intent.  Strategy has more to do with competitive advantage while tactics are about delivering the goods.  Not easy when you’re wearing many different hats on the organizational chart, like most of us do. 

Broad Vs. Deep

March 24th, 2009

Lately, I have been in a few discussions about “networking”, what it means, what works, and what does not work so well.  Seems like every event, political, social, business or otherwise is a must-do because of the great networking opportunity.  Makes me wonder what this networking thing is all about.  We used to get together on occasion for the purpose of just getting together.  Of course, we “networked” in the sense that we developed relationships by spending time together and learning more about each other. 

 

 

It seems to me that “networking” has run amuck, gone wild, is out of control, taking on a life and purpose of its own.  We’ve got to attend all these events because they are networking opportunities and you can’t afford to miss one of those now, can you? 

 

Which brings me to the thought of broad vs. deep in building your network.  Broad is good, even necessary but deep is better. 

I know that broad vs. deep can spark great discussions, with the deep thinkers coming down on both sides of the fence.  Creating a diverse network gives access to a wide range of contacts, both numerically as well and from the perspective of variety.  This is good but not entirely for the reason we think: getting referrals for us.  While there are a number of things that can result from wild networking (spaghetti-on-the-wall theory), it is random and not a good use of your time.  And it doesn’t necessarily work well in getting to your target market.  However, broad may be  valuable as a way of developing referrals for your referral partners.  Some people are good at broad and that is why you want them in your well-rounded network. Remember Gladwell’s Connectors.

 

But to me deep deserves more attention.  Barring the person locked in their office all day, most business people get out reasonably enough and know enough people to be valuable referral partners.  If fact, they may know all the people you’d  ever need to keep you in business for years.  But we’re not tapping into that resource because we are not purposeful in our networking as a tool to building referral relationships. 

 

I’d like to hear a bit about “broad vs. deep”  and  your take on networking as we know it today.   

 

 

DISC and Referral Marketing

February 25th, 2009

The more I review referral marketing activities with my clients, the more apparent the impact of behavioral styles becomes.  The common complaints of, “I’m not getting enough referrals” or, “I’m getting crumby referrals” reminds me of the Referral Institute mantra, “It’s all my fault.”   Because we expect our referral sources to behave the same way we would, we are often disappointed.  If you haven’t taken time to assess their needs, then your failure to achieve referral quantity and quality is all your fault.

Yesterday I was discussing referral development with two women, an I/D and a C/D, I’m guessing.  (DISC Model of Human Behavior)  As we talked, the differences in what they would be comfortable doing and the activities they were inclined to participate in began to appear.  The I/D’s tendencies were toward group networking activities such as mixers and other social-type events.  On the other hand, the C/D was very interested in discussing a systematic approach to referral development, much of it one-on-one.  The idea of meeting a lot of people for the sake of becoming a “Connector” (Malcolm Gladwell) didn’t make sense to her. 

Doesn’t it make sense to have a good understanding of a behavioral model to help you better understand yourself and those you hope to work with, giving and receiving referrals?  Remember the Platinum Rule, “Treat others the way they want to be treated.”   I’m a fan of the DISC model, mainly because it is so simple to remember.  Whatever the approach, it is well worth the time and effort to learn and apply this information if you are planning to be successful in consistently giving and receiving referrals.

 

 

 

 

Tactic # 11: Connecting

February 17th, 2009

Often, when people want to help someone, they make a referral that is a connection.  This introduction is based on their belief that you may form some sort of referral relationship where you will work together, contributing business opportunities to each other.  More often than not, these introductions lead nowhere.  Why is that? 

 

First, have you checked with the person to see if they need or want such a connection.  They may already have a good relationship with someone in that field, or maybe someones in that field.  I often tell people that I have all the friends I can handle.  In fact, like most of us, I have more friends than I can manage and as a result, am not as good a friend as I should be.  I dont need more friends that I can neglect.  The same goes for business relationships.  How many can you handle and still maintain a mutually beneficial relationship?  Dont add another phone call or meeting to someones schedule without knowing if it meets a need they have.  Find out what your referral partners need and talk to them before you make another commitment for them.

 

We do a monthly luncheon that is a chance to introduce people in a casual setting so that they can get to know each other and decide if they would like to move the relationship to the next step.  Think of ways such as this that start the process and that lets the participants decide if it is worthwhile.  Be a profitable referral partner and find out what makes a good introduction and the best way to make it. 

Twitter: Is It Manly To Tweet?

February 3rd, 2009

Just read this in Robert Middleton’s More Clients EZine: Twitter may be the most powerful tool yet invented for powerful online networking. Don’t get left out. Jump in today and create and implement a Twitter plan that expands your network, visibility and credibility.

  

Wow!  I hadn’t figured Twitter out yet.  I have a couple pretty savvy friends who are Twitter fanatics and my marketing guru, David Meerman Scott is a fan but I couldn’t quite make the leap past the mindless “I’ve just eaten my 4th donut” kind of comment.  I think I get it now.  Here are a few ways Twitter can be an integral part of your online marketing effort:

 

The first rule is “How can I share value with my network?” 

So if you read a good article, tweet. 

If you write a good article, tweet.

Learn about a valuable event?  Tweet.

Want to get people to read your great blog: tweet.

Learn something new that could be helpful to your network?  Link them to it with a ….tweet.

Found a great video, you got it: tweet.

 

While an occasional tweet about your kid throwing up on you or your dog swallowing the car keys might be amusing to your friends, the real value of Twitter is bringing value to your network.  There’s a lot going on out there that could help us succeed but it impossible to keep up with it all.  That’s where a solid, savvy network and Twitter comes in.  Think what Paul Revere could have done with it.

 

 

 

 

 

Penny Wise and Time Foolish

January 21st, 2009

I just read a timely article by our friend and colleague, Mike Macedonio of Referral Institute.  A lot of people network because they have no budget to market and feel it is the only way for them to get business.  They network because it is “free”, not because they have a plan on how to make it work for their business. They come to it as a solution by default.  Check out what Mike has to say about it:

  Mike Training

By Mike Macedonio

 

Is it just me or is anyone else shaking their head at the assertion “Word of mouth marketing and referral marketing are FREE advertising”. Clearly referral marketing, done properly, is a cost effective way to get business. The only way I can possibly see making it FREE is to do nothing at all.
 
So what is the investment for referral marketing? There are two investments with building your business by referral: time and money. I’m surprised when I ask business owners how much they are investing in referral marketing and they don’t have any idea. Is it because it is so cost effective that they don’t think it is worth budgeting or tracking? Maybe, however I also see business people turn down opportunities to get involved in networking organizations, acquire training, attend conferences or sponsor strategic alliance events for financial reasons.
 
What about the hidden cost? How much time are you spending networking and meeting with referral sources? What is your time worth? Often when I ask that question I get the billable rate. Here is the simple formula I use. How much you earn divided by how much you work. For example, if you’re making $120,000 a year working 40 hours per week, 50 weeks a year your time is worth $60 per hour. You may be billing $150 per hour however after you factor in everything else you are doing this is what your time is returning you. 
 
When you consider that the serious active networker will spend 8 hours a week attending networking events, online networking, meeting with referral sources and all the giving activities with their network that works out to 400 hours per year or $24,000 of time invested a year. Hmm, that doesn’t sound like FREE to me. 
 
Referral marketing is the most cost effective way to grow your business. Getting the best return on your time and money requires a clear referral marketing plan. Will you be spending your time doing the right things with the right people, in the right organizations? Investing in referral marketing knowledge will help you get the best return your time investment. Be careful not to fall into the common trap of being penny wise and time foolish with your referral marketing. Create a budget and invest appropriately in your referral marketing.
 
In 2009 I have significant growth projections for our company. Our referral marketing budget is in place to support that goal. If you have any comments or questions on this topic, drop me a note at
mikem@referralinstitute.com.
 
Mike Macedonio is the President and Partner of the Referral Institute, the world’s leading referral training organization (www.referralinstitute.com). He is also a New York Times best selling author of, Truth or Delusion? Busting Networking’s Biggest Myths (www.truthordelusion.com).

The Improbables of Planning

January 12th, 2009

Tis the season to plan and project.  CEO’s, COO’s, sales managers, business owners, business coaches, consultants, and all manner of folks remind us that we should make our plans if we expect to be successful in 2009.  Quotes by famous people, age old axioms, and various studies all point to the increased likelihood of success of those who take the time to plan.  And we all feel good when we complete our plan.  Of course, we are encouraged to implement an accountability process and review mechanism to ensure that the plan is more than just an annual exercise and becomes a document that guides our activities throughout the year. 

Planning came to mind as I have been battling my way through a thought provoking book, The Black Swan, by Hassim Nicholas Taleb.  I may have permanently injured my brain trying to understand everything Mr. Taleb presents and I hope he doesn’t have any kind of Google alerts that will let him know that I have, lamely, attempted to apply his writing to marketing. 

The sub-title of the book is “The Impact of the Highly Improbable” and I can’t possibly get into a whole lot of his ideas here.  However, a couple of the points made apply to our efforts to make projections and develop marketing plans. 

In a chapter entitled “The Scandal of Prediction”, we come across the phenomenon of anchoring.  This is the tendency of the mind to latch on to any random number and have it become the reference point for subsequent estimates.  The idea of setting goals and how we arrive at them came to mind as I read this. 

We often set goals based on a number that sounds good to us: $100,000, $500,000, ONE MILLION DOLLARS!  So where are we getting the numbers that will guide next year’s activities?

Another trap that we fall into as we plan and make projections is the absolute qualities we attach to the goals we set.  The truth of the matter is that our projections become subject to larger and larger error as time passes.  Immediately upon completing your Excel Spreadsheet, your assumptions (the basis for you projections) start to fall apart.  The countless improbables that occur daily begin immediately, and delay and shortfall add and multiply the process of decay.  So the predictions that we make, and which are the basis for our plan, become flawed and erode with time.  Think about what happened this past year and how much of that any us, experts included, anticipated.  You can see the challenge of trying to rationally allocate resources to achieve the moving targets that are your projections. 

So what do you do?  Give up?  Probably not.  We are an optimistic species so we forget about our past reversals and move on to the future.  The point is not that prediction is futile, it is that we rely too literally on our predictions, assuming them to be perfect.  The fact that they are not should be no surprise and we should act accordingly.  Why not select goals that range from high probability to lower probability of achieving?  Use this range over the planning period to help you prioritize and adjust to the changing business environment. 

The military adage that no plan survives beyond the first shot applies to all aspects of our lives.  The winner is the one most prepared for change and most prepared to adapt to it.  The purpose and vision we have for our business should guide us, not an arbitrary number.  Selecting goals that move you closer to your vision and an understanding that we don’t know what we don’t know is more rational than hanging your hat on a random number based on our narrow tunnel of knowledge.