Archives for positioning

29¢ Water for $50 – An Offer Your Customers Can’t Refuse

Ice cold and irresistible!
Ever been in a situation where you’re dying of thirst and you’d pay just about any amount of money for an ice cold bottle of water? Seriously, you’re so thirsty and so far away from any kind of precipitation, you’d pay $50 for a 29 cent bottle of water.

A compelling offer is just like an ice cold bottle of water in the middle of the Mohave. Irresistible!

How do you make your offer this irresistible? In the building products industry, it doesn’t always feel that easy, does it?! You’ve got these amazing widgets to sell and you send your sales team out there to beat the streets, pound the pavement, drop in on customers and convince them why they need train loads of your stuff. Why are they still beating you up on price? Why don’t they understand how irresistible your quality products are?

Remember, first you need to sell what people WANT to buy. Then make sure you’re talking to the right people at the right time. You know that old saying, “right place, wrong time”…sometimes you have the right audience, but you’re talking to them at the wrong time. And, be still my heart, sometimes you’re not talking to them at all. This boils down to knowing what your audience is struggling with; knowing how to solve these challenges and knowing what they want to buy.

Then you take your product or service and craft it into a compelling pitch … an offer they can’t refuse. If the value is clear, the decision is easy.

Here’s an exercise from author, Chris Guillebeau, that will help you put together the offer your audience won’t be able to refuse.

Remember the Magic Formula:
The Right Audience + the Right Promise + the Right Time = 
Offer You Can’t Refuse

BASICS

  • What are you selling? _______
  • How much does it cost? _______
  • Who will take immediate action on this offer? ________

BENEFITS

  • The primary benefit is ________
  • An important secondary benefit is ________



OBJECTIONS



What are the main objections to the offer?

How will you counter these objections?

TIMELINESS

There’s Good News
The good news is that when you understand what your customers want and how they want to buy your job and that of your sales people gets so much easier. When an offer they can’t refuse comes along at just the right time the perceived value is much higher. Remember to think about value the way your customers do, not necessarily the way you would like them to.

As you follow your marketing blueprint, think carefully about how you can create a more compelling offer. Then take it out into the world! 

Here’s to making your presence felt and quenching that thirst.

Allison DeFord POSTED BY: Allison DeFord| 1 Comment

How Design is Helping Building Materials Companies Thrive

 

Awhile back, I was talking to Festool Marketing VP Michael Williams and asked him what is the driving force behind the company’s growth. His answer, “We design tools that will have an impact on our customers lives. We have a common vision.” This resonates in Festools credo as well:

“At Festool, we design our power tools…
To solve problems.
For the way work happens.
With your comfort in mind.
To save time.
For quality, reliability and flawless execution.
For healthier environments.
To work together.

A key word in Williams’ answer is DESIGN. In a sea of “quality” and “solutions” and “customer service”, here is just one example of a company in the building products industry that’s leveraging design to gain critical advantage over their competition. But isn’t design just about logos and annual reports and websites? True, these communication tools are an important part of your brandhood, however, there is something much bigger at work here.

In the wake of Steve Jobs resignation  from Apple, there are lessons to be learned. He wasn’t trained as a designer or engineer, but was a user of technology himself. He was a visionary. As Jobs told Inc. magazine in 1989, “You can’t just ask customers what they want and then try and give that to them. By the time you get it built, they’ll want something new.” It isn’t necessarily about market research anymore. It’s about prolific thinking. It’s about focusing on the customer at all times and staying true to your brand truth. Design plays a major role in everything from marketing and advertising to production processes and supply chain.

“From GM to 3M, in boardrooms
and on Wall Street, in Silicon Valley
and on Madison Avenue,
design matters more than ever.
-Linda Tischler, Fast Company

A perfect example of this is the 99-year old quietly creative innovator, 3M. Why would a $27 billion dollar giant, best known for it’s notes, tape and sponges, have any need to hire a 26-year old designer from Milan? They were already successful. What would design ad to the mix? Sales, that’s what. From the redesign of their mini-projector to his new line of tape dispensers , Mauro Porcino has had a profound impact on 3M’s bottom line. Think “double”.

Fast Company reported this month, “In an economy with fewer ad dollars to go around—U.S. advertising fell 14% in 2009 and recovered only 5.4% last year—brand equity is at a premium.” So, do you spend millions on brand awareness or take a step back and design a better experience. I believe in starting with the experience. People ask me all the time, “So, I have X to spend on advertising…what should we spend it on?” My answer is always the same. “Slow down and take look around you before you start throwing money at a billboard campaign or hosting a golf tournament.” What’s worked in the past? What’s currently in play? How do customers feel about your brand? Where do they go? What are they talking about? What would serve them? When was the last time you walked through your buying process “like a customer?” If all that’s in order then let’s take a look at the customer touch points and design a strategy. There’s no faster way to erode brand equity than to throw a bunch of money at brand awareness only to have customers irritated or disappointed once they respond.

What’s Working Well

At one time Festool had a monster marketing budget and sold many things to many people. This worked well for a long time, but they knew it could be better. By aligning sales, marketing and upper management, the Festool team speaks the same language now. They know exactly who their customers are and what drives them. They also know who their customers aren’t. No more selling all things to all people. Design is driven by design. Festool took a step back to design a better approach. To have a better understanding of customers needs and desires. Their attention to detail is second to none. Their system of tools is not only extremely efficient, but beautifully designed—not to mention highly coveted by building professionals and enthusiasts alike.

Design Matters

You don’t have to be Apple or Nike to realize good design matters. From marketing strategy and product design to photography and messaging—company’s in the building products industry are thriving on design. What used to be considered an after-thought or “something your nephew could do” is now at the center of what’s driving corporate America. Finding an edge is becoming harder. As Farenheit 212′s Mark Payne notes, “Design is differentiation made visible, visceral, and experiential. Creativity and innovation are emerging as disciplines because we have no other choice.” Design, in other words, can be the critical competitive advantage.

Is design a part of your current brandhood? Why or why not?
I want to know.

Here’s to creating a sensation, my friends.

Allison DeFord POSTED BY: Allison DeFord| Leave a comment

How Enchanted Are Your Customers?

Slightly enchanted?
Positively enchanted?
Uber enchanted?
OR Unenchanted?

If you haven’t checked out Guy Kawasaki’s new book, Enchantment, you may want to. I’ve been reading it and thinking about how this idea of enchantment relates to the building products industry. At first, it made me chuckle. Enchanted customers in the building products industry floating around with wings a flapping and sprinkling fairy dust all around the office. Sorry, this is what I actually thought of.

Guy describes enchantment as “causing a voluntary change of heart and mind and, therefore, actions.” The goal is not to sell them your tool or product or widget, but to fill them with great delight and completely transform the relationship. Enchantment reshapes, converts and changes behaviors. Enchanted customers are more loyal. They are changed for having done business with you.

You must know what your customers are thinking. Kawasaki uses an example from when he worked for Apple in the 80′s. Apple failed to sell Macs to the business market because they didn’t understand what their potential customers were thinking. They were so enchanted by their own product that they couldn’t understand why everyone else didn’t feel the same way. Apple was “me” focused instead of “you” focused. They were more enchanted with themselves than with addressing the needs and concerns of their customers.

Are you and your team focused on enchanting your customers or in selling them on why your brand is so enchanting? It’s tough. It’s easy to get caught up in selling instead of serving. Relying only on traditional marketing instead of evolving with customer trends. Engaging customers. Conversing with them. Listening to them. Giving them something they didn’t even know they needed.

Now, some of you have already figured out that potential customers are enchanted with video content on YouTube. Greg Jarboe is the author of YouTube and Video Marketing: An Hour a Day. He says that video content that is enchanting must provide intrinsic value to the viewer. He states that this value comes in four forms:

  1. Inspiration

  2. Entertainment

  3. Enlightenment

  4. Education

The idea is for you to supply a regular stream of video online that inspires, entertains, enlightens or educates your audience. This is a great way to enchantment current and potential customers. I can’t tell you how many manufacturers and distributors in the building products industry are not taking advantage of this fantastic medium. The ones that have are benefitting greatly.

I also encourage you to enchant your employees, but that is another conversation. Until then, please comment on this idea of enchantment. How are you enchanting your customers? What would move them?

Allison DeFord POSTED BY: Allison DeFord| 1 Comment

Stop Following.
Start Leading.

Say Something New
About Your Brand

 

For years, standing out in the building products industry meant having quality products, convincing sales people and good customer service. Location was helpful, and a snazzy catalog could put you over the top.

But today, virtually every brand has those things and MORE. Without a clear differentiator, all you’re left with to motivate buyers is price. Yikes!

So how do you break out of the pack? How do you engage customers and create fans? Positioning. Understanding who you are as a brand and how you’re making customers’ lives better—then communicating that uniqueness in a way that resonates with your audience. Here’s how:

1. Really Get to Know Your Customers

Once and for all, define your audience by more than just basic demographics. You know … “buyers, primarily male, 30-55, college grads, located in the southwestern U.S.” Get more specific.

• What are their pasttimes?
• What groups do they belong to?
• How do they like to communicate?
• What’s their favorite blog or eNews?
• What do they fear or dread?
• What do they love/hate most about their job?

These little details can make a big difference in HOW and WHEN you share information and in how they respond. Get inside your customers’ heads to build a better thru-way to their hearts.

2. Uncover Your Brand’s Story

For HP® it was the legendary garage. For Nike® it was Phil Knight and a waffle iron. For FELT®, it was a girl, a Mac and a dream to help companies communicate more effectively. What’s your story? Revisit your brand’s DNA and take advantage of the rich threads of your fiber. Chances are, those are a big part of what made you great.

One of my favorite stories is that of Craig Sommerfeld, the founder of Kreg® Tool Company. By developing a specialized jig, Sommerfeld reinvented the way woodworkers and contractors join wood—and positioned Kreg as the leader in Pocket Hole Technology.

Kreg® doesn’t just have customers, they have a loyal following. Fans. They “Get you started. Keep it simple. And help you grow.” Their success starts with their story, but doesn’t stop after the sale. Kreg® is saying something different. Uncover your brand’s story and SHARE IT.

3. Connect the Dots

Think about your brand’s story—its uniqueness—in the context of your customers’ wants and needs. Find that all-important connection and you go from generalist to specialist, lickety split. You have the basis for a new marketing message, a positioning statement that can serve as a guide for all your marketing efforts; maybe even a whole new category.

What’s the best vehicle for communicating your positioning? Your tagline, website, catalog and ad campaigns are logical places to start. But let your message be your guide: Is it more motivating to see a tool or watch a tool in action on video? And don’t forget your audience research. If your buyers are congregating in online user forums or flocking to demos on the trade show floor, look for opportunities to be heard. Sponsorships, community involvement and outreach are just a few. Then say something new.
………………………………………………

Apple®. Dell®. Target®. Titleist®. Volkswagen®. Great brands that are truly interested in leading their customers are doing so by positioning themselves as specialists, then conveying that expertise through genuine, intelligent and engaging conversations. They talk with their audience, not at them. And they’re chosen based on benefit, NOT on price.

Are you leading or following?

Here’s to saying something new ABOUT YOUR BRAND.

Allison DeFord, Trailblazer
allison@felteverywhere.com

Allison DeFord POSTED BY: Allison DeFord| 1 Comment