How to Create Your Unforgettable Elevator Pitch

Have you ever tried to tell someone about your online business or your idea for a business, but when you did, their eyes glazed right over?

You feel stupid or self-conscious because you know they’re bored, confused or just don’t get it.

The truth is we’re already inundated with information and overloaded with work everyday that most everything just aren’t that interesting to us.

In fact, most of us happen to think, say and do the same things everyday. We just do it with slight variations.

This is why you can’t help wanting to check your emails, tweets and text messages to see what’s fresh coming down the information pipeline.

It’s human nature.

So how do you talk about what you do in a powerful way that people will not only stop and listen but maintain their attention all the way through?

You need an elevator pitch – a way for you to instantly spark interest from your audience.

Here are a few key elements to a compelling elevator pitch.

Be specific and focus on the problem you solve

Elevator pitch is how you talk about what you do not your personal mission to change the world so focus on the specifics.

The critical mistake that most people make when asked “what do you do” is that they either go with a micro-level answer of telling people their daily tasks at their job (I do accounting) or the macro-level answer of describing the industry they’re in (I’m in IT).

The problem?

Everyone has a different perception of what a compute programmer does or what it means to be working in sales. In fact, the less specific answer you provide the more confusing it gets.

Instead of talking about abstract concepts, focus in on how you help people, specifically, the problem(s) that you solve.

It’s should not be your personal mission to change the world because most people are process-orientated, nobody really cares about what you do; it’s about HOW you do it!

It’s not about selling or using fancy words

Elevator pitch is a way to effectively wake up people from their daily routines and sparks their curiosity so they’re interested to know what you have to offer.

It is not about how you can impress people with jargons that make you sound smart (even though you’re). Great elevator pitches bring awareness to people so it makes sense to them to shift their attention to what you have to say.

Fancy words or phrases often requires your audience to “figure it out” which leads to disconnects and confusion. Stay away from them and use simple words that are easy to understand.

It should sound like something that happens in the real world that’s tangible, external, measurable and specific.

How to create unforgettable elevator pitch

Now that you know the key elements of a compelling elevator pitch, here is a simple template to use when creating your elevator pitch.

Start by saying, “you know how some people have this problem?”

Replace “this problem” with the problem or challenge that you solve.

Then continue with, “well, I offer this solution.”

Replace “this solution” with how the problem is solved.

Do not describe your business or the process of what your product does.

Here is an example.

You know some people have stuff they want to get rid off but don’t want to give it all away for free? Well I offer a website that allows them to auction anything off to the highest bidder. (eBay anyone?)

To take this even further, you could narrow it down to a specific group of people and their problems. The trick is to add some conveniences by using words such as with or without and recaps the entire pitch at the end.

You know how parents after their kids are grown want to get rid of all their baby stuff without giving it all away for nothing?

Well, I offer an online auction website that lets them sell their used baby stuff within a week or we’ll offer to buy it from them. Do you know any parents that want to get paid with their used baby stuff?

Remember, you can tailor the pitch to fit any scenarios or situation depending on your audience. This way you’ll have different versions of your elevator pitch to use when you meet a friend, an investor, a partner or a prospective customer.

So, what do you do?

[This article was published on VentureBeat’s Entrepreneur Corner]

Why Content Marketing Can Get You More Customers

by Eric Tsai

Why Content Marketing Can Get You More Customers

Content is critical in today’s marketing. With so much competition you have to be able to differentiate your product from your competitors by creating unique content.

As a business professional, experts, marketer or even just a blogger who’s trying to navigate the changing landscape of this digital media evolution, you must understand that the routes connecting customers, companies, products, and services are becoming more unpredictable, complex and disruptive.

If you want to survive and thrive you need to realize that every aspect of every business is increasingly carried out through the media.

This is basically a revolution in communication on a scale not seen since the invention of the printing press.

From advertising and marketing to sales and customer service, everything in business is more likely to happen on a computer or mobile device connected to the Internet. All businesses must learn to think like media companies and become trusted curators and providers of content across all new media platforms.

And with this real-time dynamic platform that’s changing how people consume media, it also brought a new level of distribution, replication, sharing and the value of content marketing.

Here are 3 keys to remember when creating your content marketing strategy.

Customers Are in Control

Everything is converging into an interlaced network of content and this means you have every opportunity and chance of making the headlines tomorrow or going viral on YouTube.

You could fall to the same threats facing the TV networks, newspapers and magazines.

What threats are we talking about here?

Think about what happens when you flip to a lousy TV show or scan across a boring ad in a magazine? The same thing that happens to an uninteresting online banner – it gets tuned out!

Your customers can post feedback on your blog, review your service vie Yelp or complaint via Twitter.

The Internet has provided your customer much more leverage and power to take control of the relationship they have with your business.

In order to be successful in growing your business, you must walk the walk and deliver whatever you promise in your marketing.

In fact, you can hire top marketers to drive traffic to your website but if you sell a crappy product or have poor customer service people can read about it instantly hurting your reputation and bottom line.

It’s not just about setting up your products or services as the answer to the challenges your prospects and customers are facing, that’s just the marketing part of it.

Your solution simply has to work.

Content is Marketing

As marketers you can use social media as a way to get you message out which allows you to position yourself or your business.

Just like newspapers and magazines, you get readers to react and respond to your social media content.

But don’t confuse medium and the message. Social media is just a vehicle (mostly push marketing) to carry out your content you still need to create engaging content, magnetic copies and effective headlines.

Good publications retain customers and get more advertisers because they’re able to add and keep subscribers consistently.

That’s the beauty of subscription based business model; you’re exchanging attention for revenue so the key is keep coming up with relevant and interesting content.

Keep in mind that all the value starts with the content and the media simply being the delivery mechanism.

Whether you’re writing a book, content for your marketing, or a blog post you want people to act on, the key is to give your customers what they need to make decisions and take actions to get the result they want.

There is no difference between content and marketing.

The quality of the content and its ability to give people the action steps and the information they need to be effective is critical to your success.

Relationship Sells

The difference between how an expert thinks and how a marketer thinks can be the key that’s holding you back from growing your business.

Yes, content is marketing and marketing is sales.

And great marketing is great salesmanship. But what most business professionals, coaches and gurus often forget about salesmanship is that it’s built on trusting relationships.

And in today’s over-communicated digital world, trust is already hard to come by because there is already a huge distrust in general information that’s out there so earning trust should be your top priority as a way to start building long-lasting relationships with your customers.

In fact according to the Gallup poll, a record 57% of Americans say they have little or no trust in the mass media to report the news fully, accurately, and fairly

Distrust in U.S. Media Edges Up to Record High

Real relationship requires a two-way conversation – a receive and response, response and response mechanism. Don’t make assumptions on what your customers want, hear what they’re saying and listen.

Look at all the top publications like The Economist, The New York Times and Wall Street Journal, you’ll find that they all have strong relationship with their audience because they truly understand and give their customers what they want and what they need.

Bottom line, you need to do everything you can to understand what your customers want and the most effective way is to truly focus on getting your customer’s perceived needs met by becoming the customer.

The take away: Unlike the old days where a powerful distributor can help you boost sales due to the lack of distribution channels and competitors (think TV with only 3 channels to watch).

Today there are thousands of distributors and having a large distribution channel will not overcome the true value of your content.

Experts are so used to broadcasting and receiving on what the customers need based on their professional experience that they often just want to get to the end – stuffing down what the customers need (with good intention) asking for the sale.

However; in today’s hyper-connected world, content marketing is the new new thing.

If you want to get more customers you must learn to leverage content marketing and get inside the minds of your customer.

7 Ways To Elevate The Perceived Value Of Your Content

by Eric Tsai

measuring value

Understand how people learn, think and communicate is the key to create effective marketing. In fact, communication is the core of your marketing and if you know how to leverage it, you will be able to elevate the perceived value of your products and services so people are willing to pay higher price for as soon as they see it.

However; it’s often much more counter intuitive than you think. It all comes down to what you say and then how you say it via your communication.

So what is communication?

According to Wikipedia, “…Communication requires that all parties have an area of communicative commonality. There are auditory means, such as speech, song, and tone of voice, and there are nonverbal means, such as body language, sign language, paralanguage, touch, eye contact, through media, i.e., pictures, graphics and sound, and writing.”

In other words the only way to open up the communication channel is by having a common medium, a means to understand and relate the information that’s being communicated.

The problem is everyone has a different style of communicating and learning thus the goal of marketing communication is to eliminate misunderstanding.

For example, when I say the word “car” what kind of car are you picturing in your head? A big SUV or a small sedan? A red sports coupe or a family minivan? Is it a Cadillac or a Lexus?

This is one of the biggest content marketing challenges in today’s attention fighting world especially with barriers such as information overload and attention deficit resulting in loss of concentration and focus on an ongoing basis.

There is a high chance that you’re losing your audience as you speak because everything is moving so fast and people can’t help but want instant information gratification.

As it turns out, in marketing you need to create crystal clear communications that are as specific, tangible, measurable and external as possible.

That’s exactly what great copywriters do, they write compelling stories that builds trust and use words that describe real world situations, things you can see, feel, touch and experience.

And since most purchase decisions are made by the emotional part of our brain, ineffective communication will never result in a sale so it is up to you to position the purchase in his minds.

Here are seven ways to help you build influence by mastering the basics of high perceived value communication:

1. Communicate Like How You Would Speak

If you want people to like and trust you, start by communicating like a normal person in a one on one plain English.

The key is to make your communication frictionless and easy to understand since everyone is not your customer so speak to people about what they want to talk about, in the way that they want to talk about it.

It’s not about being perfect but being authentic and on target to appeal to one market at a time.

2. Create Self-Contained Concept of Your Content

By making your content self-contained, you can reduce complexity while maximizing understandability especially when introducing a new product or a new idea.

This type of content should be modularized, to the point and does not take a lot of time to consume.

First introduce it by bringing the concept to the table then explain it in a practical way that conveys the outcome that your prospect want and finally connect the dots for them and wrap it up.

3. Look For Pain And Urgency

When people have unmet needs they become more idealistic about their situation.

Not only will they believe that they know what they need to solve the problem but will start to think in simple terms to get to their solution.

Focus on delivering simple action steps that would provide the result they want predictably and consistently with as little risk and hassle as possible.

Do you know what thoughts, emotions or pictures pop up in their head when they encounter that exact pain or problem?

Connect on high pain and urgency values will instantly grab their attention.

4. Translate What You Do With What They Value

Realize what motivates your customers is one of the most effective way to get them to take actions. You must be able to communicate the value of what they want and realize the meaning of their desire outcome and its direct impact to their lives.

Translate it in all 3 currencies they want: monetary value, time investment value and labor/workload value.

5. Use Powerful Reframes To Increase Understandability

Leverage psychologies, histories, insights and stories to frame your content into high perceived value formats. Involve their situation in multiple perspectives will dramatically increase the specificity of your communication.

It will also likely increase the memorability and appeal of your products by structuring and organizing them into alternative frameworks that eliminates misunderstanding. It’s saying the same thing in many different ways.

6. Provide The Why, What and How To’s

In order to do that you must be on top of your customer’s emotional drivers knowing what benefits they’re looking for and what value meanings to them.

Incorporate the why, the what and how into your stories.

Explain to your customer why they should pay attention to you right now then introduce what it is, the actual product or services they’re going to get, and finally how to get the result they want with what they get, the step by step recipe.

7 Minimize Risk Maximize confidence

Getting customers to take the action to buy is about making everything “believable.” It is not simply about taking all the risk out but just enough that it doesn’t seem too good to be true.

It’s leading with the giving hand, earning trust over time and building reputation slowly via social proof.

Allowing your prospects to come to their own conclusion that leads to their own decision is a very powerful confident booster.

It’s both emotional and psychological commitment.

The take away: People want stories, techniques and someone that “gets them.” High perceived-value communication should include all those ideas. Then you roll them up in an easy to digest package full of incentives with the promise of great value.

Give your market what they want and you will be rewards with brand loyalty and market share.

At the end of the day it’s ok that you don’t speak to everyone, you only need to resonate with those that get you that you get them.

Effective marketing is not about manipulation, it’s about being human, it will multiply your sales.

The 6 Habits Of Highly Effective Marketers

by Eric Tsai

Most business owners, experts and professionals understand the importance of providing non-promotional, educational content during the beginning of the relationship with a customer.

In essence, content marketing is information marketing, and information marketing is the new currency on the Internet. The challenge is how to translate your information into products with high perceived value.

It’s indicative that every business can now be called an information business because we all need some kind of information to make our decisions, learn how to solve our problems or to help us get what we want in life.

Simply put we want our physical, emotional, mental, and spiritual needs met in order to take actions.

And getting people to take action through marketing is the most valuable skill anyone can learn and master. (Not to mention it’ll also improve your interpersonal relationships and communication skills.)

This is why great marketers focus on communicating the value and translating the utility of the information. Whether the goal is to get the prospect to click on your website link, sign up for your newsletter, join your coaching program or buy your information product, it requires meeting the right balance of Needs versus Wants from the prospect’s perspective.

Done right, you can leverage powerful internet tools to attract pre-interested and pre-motivated prospects that are ready to buy and start a business relationship with you.

Not only will you be perceived as an influential authority but you will gain credibility and trust without having to convince people to buy your product.

So what does it take to be an effective marketer today? Here are six traits of highly effective marketers:

1. Effective Marketers Make No Assumptions

People often don’t question their own assumptions about what will work.

Majority of the entrepreneurs, experts, marketers like to spill out their solution without asking what exactly their customers “think they want” that can solve their problems.

Imagine a doctor telling you what’s wrong with you by just looking at you from a distance. Even if the doctor has the correct diagnose, would you trust their advice? Great marketers know that they don’t know what they don’t know. They ask questions and dig deeper below the surface to identity the pain, urgency and frustration of their customers.

In addition to finding out what the problems are, it can also serve as your free market research.

Start talking to all your prospects and customers everyday and continue asking why until you get to the root cause, you may be surprise what’s going on inside their reality.

Take a look at this recent research insight provided by MarketingSherpa and IDG from surveying buyers and B2B marketers about specific factors that motivate recipients to opt-in, open and engage with vendor email.

Notice the difference between what marketer and buyer values. Buyers actually gave the highest rank to promotional content!

2. Effective Marketers Are Storytellers

Once you have identified your customer’s problems, help them make the logical connection between their needs and your solution (product or services) one step at a time.

This way they don’t have to work to figure out how to use your knowledge or expertise to solve their problem; instead you reverse engineer your solution from their problems.

Top marketers know how to connect the dots by using narrative to set the quickly get people’s attention. It’s one of the 3 most effective content marketing techniques you can use.

The idea is to ensure your solution sounds exactly like what’s going to solve their problem when you finally get to introduce it typically “at the end” so it’s easier to digest.

Keep in mind that you should never present your solution prematurely, it will only create disconnects which leads to distrust.

Maintaining the communication channel open is critical in facilitating the buying process because people don’t care about your products and services, they just care about themselves. So even with storytelling, guest who’s perspective and story do customers like to hear? (Hint: read the last sentence again.)

3. Effective Marketers Build Relationships

What is relationship and why important?

Everyone talks about relationship but what exactly is relationship?

Here is the definition of relationship from Wikipedia: “Relationships usually involve some level of interdependence. People in a relationship tend to influence each other, share their thoughts and feelings, and engage in activities together. Because of this interdependence, most things that change or impact one member of the relationship will have some level of impact on the other member.”

So a relationship can impact one another mentally, physically and emotionally.

This is why social media is a great way to relate with each other to see if the other person is like you, identify a common ground to connect via LinkedIn, follow on Twitter and “friend” on Facebook.

In fact, a relationship is a process to continue to relate until we feel related, full of emotions and thoughts of the other person.

A critical mistake many struggling experts, marketers and business owners make is thinking of their customers as “its” they can manipulate. Wrong!

Great marketers focus on building relationship to have trust, admiration and credibility that extends beyond business transactions not to mention people will buy more and refer to from those they like and trust.

4. Effective Marketers Are Givers

People often forget that trust is earned over time typically on a more intimate level. In order to introduce your great product or services, you need to earn the right to ask for the sell.

This is the framework of the “freemium” business model, where you offer so much value to your prospect that their respect for you goes up instantly.

This requires you to supply relevant content or information and ultimately give away your best stuff to show that you’ve got the goods! (Do you?)

This feels counter-intuitive to most experts and business owners because they feel like they’ve earn the right to charge for their expertise or services through years of experience or training.

The problem is they, the customers, don’t know and won’t believe that you’re in their best interest until they get to know you.

Effective marketers aren’t afraid to give away their best stuff because knowing how to drive a car doesn’t mean you’ll win a race even if you start with the fastest car.

Authors like Seth Godin, Yaro Starak, Brian Clark, Michael Steizner and Darren Rowse are great example of over-delivering their value so when it’s time to ask for a sale, readers usually come to expect and respect what they bring to the table.

5. Effective Marketers Know Everything Is A Test

Today, the market moves so fast that it’s important to understand the real goal of marketing is to focus on the long-term strategies to get customers.

There is no silver bullet that will bring you sustainable instant results. In fact, it’s vital to have the right mindset knowing that every action you take is to validate your ideas from fact gathering.

Great marketers do not hold their ego to their chest; they look for facts and data that enable them to make incremental improvements.

This is why direct response marketing delivers better results than institutional branding and advertising.

They have different appeals with different purpose but direct marketing is more effective in small to medium size business than branding or making logos and websites “look nice.”

Your investment in marketing efforts should always be measurable in some ways, think of it as making progress not perfection.

The best marketing ROI is about profiting from the time and money invested in your tests! You would test the water before you jump into the pool or drink a hot soup right?

6. Effective Marketers Are Laser Focused On A Niche

Successful marketer choose a niche and stick to it. They inject all the experience, knowledge, theories and ideas they have and consistently create content around it.

Everything is narrowly focused so it speaks to those that are looking for solutions in that topic.

They deliver bite size chunks of information to ensure that their audience learn and take actions. Ultimately it’s about delivering value that are solutions not just suggestions.

Since people aren’t good at valuing anything with out learning (more information again), top marketers knows to create techniques or systems that enable the prospects to understand the value of the solution.

Simply put, great niche marketing minimizes misunderstand and delivers high value information that pushes the buy button.

And to do that, it requires focusing on the needs of the customer without assumptions. (goes back to#1 above)

A great method to do that is to learn Neil Rackham’s SPIN Selling technique by focusing on asking the right Situational questions (find out what’s going on), Problem questions (challenges happening), Implication questions(what the challenge implies) and the Needs-payoff questions (the price tag on solving the challenge).

The take away: Marketing is a skill that you can learn and should be practiced everyday. In fact, thanks to the internet today there is very little barrier to entry for anyone to do marketing.

The information are all out there, you just need to follow some simple steps to start marketing your product, services or your personal brand.

The six traits are the building blocks to form powerful influence which is explained by Robert Cialdini’s book Influence: The Psychology of Persuasion as ethical persuasion in reciprocity, scarcity, liking, authority, social proof, and commitment/consistency.

What do you think the most important trait of a marketer is? What worked well or not so well for you?

If you like to become a more effective marketer or learn more tips on how to market your business, sign up for my Profitable Knowledge FREE course below.

10 Reasons Why You Are Not Getting The Results You Want Out Of Your Marketing

by Eric Tsai

You spent countless hours crafting your marketing campaign investing money and hiring marketing experts to help guide you through the process. You get ready to push the launch button, waiting for emails and phone calls come pouring in, then…

Nothing happens. But what could go wrong?

You did the things that the marketing “experts” said you should do with your keywords, putting up blog articles day after day, uploading videos and sending out email newsletters.

Why?

Here are 10 reasons why you’re not getting the attention, buzz and most importantly – the sales conversion. Oh, and let’s assume you have an unbelievable product.

Your marketing message is full of “I” and “me” instead of “you.”
You didn’t communicate the “why” (from the “I” perspective)
You didn’t communicate the “what” (again from the “I” perspective)
You didn’t communicate the “how” (need I say more from which perspective?)
You didn’t communicate the “what if” (as in what if “I” was to buy and use the product)
Your marketing talks at people about your own expertise instead of showing them how your solution solves their problem.
You make assumptions about your customers (because you already sold some products before or you just know because you’ve been doing it for 20 years, ok great continue to do that then) instead of focusing on fact gathering (read my last post on listening)
You didn’t do enough testing on your products, services or marketing messages before you launch
You use all your email and social media as a one way push advertising instead of two way conversation (to help you pre-test)
You lack compassion and didn’t empathize with your prospects because you’re too focused on the bottom line – making money

The talk away: Don’t be all things to all people. You’ll have a better opportunity to convert sales (subscription, readership etc.) if you narrow down your target market because you’re a big fish in a small pond so just go after more small ponds! Don’t swim with the sharks in the big ocean because chances are, you’ll become their lunch.

Ask yourself if your marketing message is tangible, external, specific and measurable to your target prospect? And try NOT to use the word “I” or “me” in your message.

Here is one of my all time favorite (and world famous ad) created by the genius David Ogilvy. Notice how many “I” or “me” were used in this ad – none. Focus on the title and you’ll learn how this 1959 ad is still the foundation of today’s direct response marketing.

What Is Adding Value And How It Applies To Social Networking

by Eric Tsai

As a social media advocate I often discuss adding value to the conversations, to the communities or to the relationships. I guess I assumed everyone already knew what the term means and how it applies to them until I started to get questions from people.

So what exactly is adding value and how? Is it just an over-used marketing jargon? An illusion of a feel-good emotion? The more I use the term “value” the more I feel like it’s loosing its soul (I’m guilty as charge at times).

One of my favorite artists, the awesome Hugh MacLeod had a great piece about Adding Value with the quote, “The aim of “adding value” is a hard one to argue with… who doesn’t want to add value to their current enterprise? But it’s also utterly meaningless…”

Well, obviously there are many ways to look at it but here is how I perceive the meaning of adding value.

Let’s face it, most businesses wants to add value to the bottom line which means making sales and growing profits.

In sales, adding value used to mean networking in the best interest of your company or your career which is to sell, sell, sell!

Today it means helping people to make informed decisions, finding out their needs first and showing an interest to solve their problems not yours. The one way sales pitch broadcasting simply becomes part of the meaningless noise in a sea of noises.

The Meaning of Knowledge

In sales, either the product sells itself (more of an affirmation and emotional validation) or it’s selling via education (information and data).

A Porsche salesman don’t sell the 911 Turbo, they sell the experience of buying a Porsche (great products drives emotions). On the other hand, a Honda salesman sells the features and benefits against competitors like Toyota and Nissan (value proposition, more needs than wants).

In both scenarios, the goal is to ensure that the person feels good about the decisions that they’ve made (or going to make) on the purchase which leads to trust building. And trust is built on relationships from knowledge and actions.

The more knowledge you have, the less fear you have, the less stress you feel and the better you feel about your decision making process.

You could think of having knowledge as freedom from limitations and having information is empowerment. The ability to make your own decision is valuable because who wants to be pressured into buying?

Emotion Trumps Logic

Now you know the importance of adding value through knowledge transfer, you then need to know how to take actions with your knowledge.

Besides physically helping someone, the action part comes down to communication. And because emotions are the essence of the communication, marketers need to focus on the emotional needs of the customers at the time when feelings are vivid. This mean to empathize with your customers and truly focus on how to make their lives better.

You can not make people’s lives better if you don’t understand their lives.

When you solve someone’s problem, they’ll usually remember it not because of the facts but because of how they felt when it was happening. Simply put, memory is tied to emotions and emotions are more real than thoughts.

Now apply that to marketing and you’ll realize that providing useful and meaningful information does exactly that – it makes people remember you if you satisfy their needs by providing value!

This is why the increasingly Social Web is a great place to find those that are in need of knowledge (also why information product sells). When you need an answer, you want it now, you Google it (you can Yahoo or Bing it too of course).

The online conversation across all social networks are as authentic as it gets, besides the offline in-person engagements, because it’s taking place when people are still feeling the emotions dealing with their problems – what is, how-to, why is, who can…you get the point.

The rest of it is about the context of adding value, at the right place at the right time.

The optimal time to email your subscribers, the suitable LinkedIn group to contribute knowledge or the people you engage on Twitter – they’re all channels to add your value to the conversation within the communities to forge solid relationships.

Motives and Actions

The last point in adding value is the motives behind such actions. Why are you doing this? Why are businesses embracing the freemium model?

Most of the time the objective is to create brand awareness, build credibility and what I keep pounding the table on: to create social proof around the topics of health, wealth and relationships.

However; there is always a trade-off, you get free Gmail with all the awesome features of other Google Apps because Google advertises around your inbox.The same applies to most of the social networks like Facebook and LinkedIn. You’re exchanging personal information to use their products.

My take is that if you’re honest about your intentions and focus on serving only those that matters to your business, you will attract the customers you want.

Like what Seth Godin wrote in his book Purple Cow, “the key to failure is trying to please everyone.” Well, he’s right, everyone is NOT your customers.

And the science behind motivation isn’t as clear cut as features and benefits or even monetary rewards. Checkout this video by RSA animation adapted from Dan Pink’s talk at the RSA on “The surprising truth about what motivates us.”

The take away: Identify your customer’s problem is where adding value starts. And listening when they talk is your opportunity to fill the value gaps.

Think of it as facilitating the process of buying on their terms not yours. You have to create the right environment that entices people, and if you do it well, then they will show up and join the party.

It is only by adding value you will be remembered, reciprocated and passed on (via word-of-mouth).

There are simply too much information and too little time. Marketing messages are everywhere and people have developed ad blindness, seeing doesn’t mean retaining.

Are you adding value?

Bridging the Gap Between Brand Promise and Expectation

by Eric Tsai

One of the first priorities in building your brand is to know who you are and why you matter before you uptake a brand strategy. I received some feedback on the post “12 Principles of Brand Strategy” and thought it would be important to discussion how to utilize strategy to achieve business goals. Whether you’re selling a product or a service you need to be able to articulate why you are doing what you set out to do. What’s the meaning behind your offer? Do you have a core belief in what it is that you do?

Too often businesses jump on strategy and tactics but forget the real character behind their brands. Strategy determines how to position your brand so you can optimize the brand experience you’re trying to emulate. If you aren’t clear with your brand’s attitude, don’t market, don’t advertise, don’t publicize – don’t communicate to the world because you will likely confuse your audience at the end.

When you start communicating, you put out signals about your brand. Your audience can’t help but to interpret them in an attempt to aggregate information about you, your personality and ultimately your reputation. It’s like meeting someone for the first time, your tone of voice, your body language and your choice of words are all part of your character from which all facets of your communication expands. Marketing simply provides different communication solutions to amplify your signals to position and differentiate your brand.

By defining a realistic and manageable promise (your brand value) you can then proceed to strategize on how you will fulfill them. If you want your target audience to see your offering as the only answer to their needs, you must meet or exceed their expectations. That’s what remarkable brands do. They align their brand value with their business strategy to create a winning brand strategy that’s authentic and meaningful.

Communication Tactics

In generate there are three major areas communication tactics:

1. Marketing:
Viral marketing, multi-level marketing, direct marketing, word-of-mouth marketing and integrated marketing are all forms of marketing in an attempt to influence an audience through direct communication. Why would you put in the effort to get everyone’s attention and not fulfill the expectations? People come to expect a specific experience that’s promised to them. As a brand you must learn to deliver across a multitude of marketing channels.

Coke Cola may have different advertising slogans, but around the world the company maintains the same focus on its core value: to ensure that everyone on Earth drank Coca-Cola as their preferred beverage. They kept their promise on the taste of their product but have utilized a variety of marketing tactics to reach their global audience.

Google, who rarely advertises, focus on their brand promise to “provide access to the world’s information in one click.” As you probably guess it, they did exactly that which is why Google didn’t have to spend heavily on advertising in marketing their search engine. In fact, when you deliver on your promise consistently and accurately to a specific need, you become the only solution in your target audience’s mind.

2. Advertising:
Advertising can be fun and interesting but it’s merely an attempt to influence through repeated communication. Whether you agree or not, we’re all voyeur seeking for adventurous experiences and brands are the perfect purveyors to fulfill that interest. This concept generates a gap between what’s expected and delivered.

I was not surprise when I came across a recent report by Harris Poll indicating that “Though advertisers and consumers both agree that amusing ads are effective and scary and guilt-inducing ads are not, they don’t see eye-to-eye on the efficacy of other types of advertising appeals.”

harris-ad09 Although the poll may have some considerable bias, overall advertising professionals and the general public are out of sync. The problem is trying to pinpoint what the consumer say they want versus the “perceived effectiveness” as well as what exactly worked in sales conversions. This is also why advertising analytics are extremely important because as a communication tactic, it’s fairly expensive with relatively low conversion rates. And, let’s face it, results is what it’s all about.

Regardless of your advertising approach, you must first define the desirable outcome for the campaign according to your brand value then let your creative juices flow. Creativity is where it’s at, especially now with the convergence of media ads are everywhere and viewers have relatively short attention span.

Remember, a memorable ad may elevate your brand awareness, but it doesn’t necessary mean it will increase sales, it’s a great tactic that requires abundance of creativity. A great example would be a musical branding effort by Coke “omitting any reference to the brand in a catchy song it created,” and still, consumers were able to connect the song with the brand as it climbed to the top 40 Apple iTunes pop chart.

3 Public Relations:
Public relations or PR is the attempt to influence through third party communication in a positive light. Fundamentally, it’s reputation management while developing relationship with mainstream public as well as other organizations where communications exists. However, with the emerging trend in social media, PR now must take on an important element of this explosive platform – conversation.

PR helps in building brand loyalty so it is even more important to have meaningful conversation to further your authenticity. This is why brands are now turning to bloggers for PR needs but the key is transparency. According to research from Text 100, “Bloggers are big on transparency when it comes to marketer involvement. Between 85% and 89% of US bloggers agreed that they should acknowledge when a post has been written in return for some sort of compensation.”

bloggerrelations

The proper use of PR will boost your traffic and increase conversion rates. But keep in mind it can also go the other way. Look at Amazon’s product reviews and you’ll find that there are highly influential reviewers on there that can help drive the rank of a product up or down. And just like bloggers they have the power to endorse your brand with their signature on it. Their audience have come to expect their personal brand promise of a “proper review” thus anything less could jeopardize their reputation. Also a full disclosure of their intentions (compensation or benefits) would not damage their name. That’s the strength of brand authenticity built on a solid relationship.

The take away: As global communication and global business are now almost instantaneous, having the right brand strategy and identity is secondary. If you don’t define your brand promise, how would you go about managing your audience’s expectations?

How would you feel if you were promise something but it turns out to be something completely different?

Left Business, Right Marketing

by Eric Tsai

Dan Schawbel’s interview with Laura Ries reminded me of my own constant struggle between left and right brain. It’s true that left is more logical and analytical and right is visual and holistic.

I started out my career as a right brainer, always after creating visuals, communication designs, photography and art. I never thought I could fit or do well in a corporate environment until I was promoted to be part of a executive management team years ago.

During that time, I rapidly evolved into an extreme left brainer knowing I had to deliver the numbers and create value for the company. Naturally, I empowered my team and even hired people to fill in my design duties so I can focus on leading the team. That was the first time I sat on the other side of the meeting table facing my design team, I was perceived as the corporate man.

Ultimately my experience as part of the management team and as part of the marketing/design team helped my left and right brain to communicate with each other. The product design were well received by the sales force and marketing campaigns were seamlessly integrated with the corporate objectives. Sales were up and the company was growing with more successful products.

I’ve learned over the years the importance of communication in any environment. Not everyone will be able to communicate effectively, but one should focus on consistency and the right delivering methods for the optimal outcome.

Consistency is what comes to mind when the thought of a brand, a name or even a sound evokes. The delivering method is the vehicle in which the message can be effectively communicated to the maximum number of audience at any given moment. It is what comes to mind when you hear Coke Cola, is it the red and white logo or the sizzling sound of bubbles? How about McDonald’s? Smell the fries or hear the “I’m loving it” music? Can you sign Expedia dot com? How about those annoying infomercials from HeadOn ‘apply directly to forehead‘ to that guy selling ShamWow or Slap Chop?

Whether you like it or not they made some kind of impression.