7 Ways To Elevate The Perceived Value Of Your Content

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.

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?

8 Tips on How to Add Value to Your Brand Effectively

by Eric Tsai

This weekend, I went to my usual barber shop to get a haircut. When I got done, my barber gave me a customer rewards card for one free haircut after I get nine.

Interestingly, I’ve been going to this same barber shop for 10 years and it’s the first time they’ve started a rewards program of any kind.

The purpose of such a program is to keep the customers returning. It’s a simple tactic to create stickiness by recompensing the loyal clients.

This is a proven marketing tactic that increases the impression of value – the trick is knowing what value means to your customers.

What Does Value Mean To Your Customers?

Most business owners already understand the importance of continually adding value to their business. It’s by knowing and consistently adding value, brands remains competitive and have the opportunity to grow. Companies must focus on:

Increasing customer retention
Knowing what value means to your customer not to you

So what does value mean to your prospective buyers? Is it the competitive pricing? The free add-on services ? Or is it the customer loyalty program?

The answer: focus on customer needs and always demonstrate value through trust. In my article on “How Opinions Disrupt and Transform,” I observed that public opinions are good indicators of what’s important to consumers, especially when opinions shift from “wants” to “needs” like it is now.

Creating value is about staying relevant in your customer’s minds. It enables you to connect with what you do with what they value so your message resonate with them emotionally.

You’re not going to stop a consumer from purchasing generic soup over Campbell’s or picking up no-name tissues over Kleenex. You can either compete on price, value or both.

Here is a sample comparison for the two types of customers:

Buy Name Brand

42-15556081 – Quality is priority
– Price is important but not the main concern, it should meet my needs
– Had good experience in the past, going to stick with what I know
– Saw lots of marketing about it, going to try it
– Heard good things about it from trusted source

Buy Generic Brand

– Price is priority
– Quality is important but I’ll settle for second – it should meet my budget
– Had good experience with generic brands in other categories
– I may get more value with generic brands since all the money goes into the product instead of marketing
– Fits my basic needs – I am willing to try if it means I save money

Clearly the two types of customers have very different needs.

Depending on the product or service, a customer may choose name brand at times and generic under other circumstances.

Pricing competition will shrink profit margins over time. Competing on value must be consistent with the change in the perception of value. This goes back to knowing your customer’s needs and bridging the gap between their needs and wants.

For example: a few years back Coca-Cola started selling the 8 ounce mini-cans. They anticipated a consumer trend towards counting calories and becoming more health conscious.

Per ounce, the mini-can isn’t cheaper than the regular can. In some cases the price could even be the same as the regular 12 ounce can.

So why would someone pay the same stuff for less?

Don’t we all want a deal?

Coke did its homework and found that the mini-cans reduced the amount of guilt that a consumer felt for snacking while minimizing the chances of overeating.

Coke realized that consumers were no longer relying on the value-for-money as the sole factor for deciding to buy.

Instead, consumers wanted to eat smaller portions, particularly in the sub-100 calories area which Kraft originally started with its mini snack packs of chips, cookies and crackers.

The company understood the emotional needs of their customers and they provided a solution to solve their problem without loosing their brand integrity or customer perceived value. The product is still the same…just smaller portions.

In similar fashion, the smaller portion strategy has recently been implemented by many fast food chains.

Jack-in-the-Box’s “mini sirloin burgers,” Burger king’s “BK Burger Shots” and Quiznos “Toasty Torpedo,” are all tactics to tempt consumer.

Consumers who are spending less on meals away from home due to the recession NOT for health reasons.

8 Tips to Increase Your Brand Value

Here are 8 tips on what you can do to have an immediate impact on adding value to your brand:

1. Stay on top of your customer needs – Be “high touch” with your A-level customers, build solid relationships, and keep tabs on their problems.

Setup Google alerts, search on Twitter or discussion forums, read all reviews (yes, don’t ignore them!).

Visit customers regularly not only when they need something, and attend network events are great ways to strengthen the relationship and expand your reach at the same time.

2. Be visible to your customers – Make sure they’re aware of your value continuously; try to remind them of your value strategically.

Offering an updated version of your product or tagging on a free service are good ways of letting your customer know you are constantly improving.

Convince your customer that your existence makes their lives easier, better, happier by providing them with information they value and care for.

3. Know your competition – Always be on the lookout for what others are doing out there. Be ready to explain your value proposition versus your competitors’.

You must be able to provide the facts to back up your claims.

It will make you more competitive if you can level the playing field just like how all the restaurants are offering smaller portion meals in their own way.

4. Go the extra mile – Do things that are outside the scope of your business. Go above and beyond your normal routine by solving their “other” problems.

This will help you stand out from the competition.

5. Reward loyalty – Similar to the rewards program, give your customer something more for sticking with you or using your products and services.

It could be tickets to a baseball game, gift certificates or discounts for doing business with you in the future. You want to build a relationship that extends as long as possible so focus on customer lifetime value.

6. Try new ideas – If you’re in a highly commoditized market, you need to think about where you make your profits. Most of times there is no point in competing on price or service alone.

Try new ideas like the “freemium model” where it may be worth it to give some of your products or services away for free and charge for value-adds or premium account later in exchange for maintaining the relationship.

Gmail is free because Google makes their money from ads displayed in Gmail, giving them more advertising channels. Some Apple iPhone basic apps are free because they have a full version that will cost money.

7. Improve experience – The entire experience in doing business with your company should be present from start to finish.

Try to make every step as frictionless as possible and think from your customer’s perspective.

They should know that they can contact you with their concerns with the expectation that you will respond quickly and effectively.

This also creates great leverage for word-of-mouth marketing.

8. Include a human element – Many companies don’t focus enough on humanizing their brand. As a result, customers can feel out of touch.

They need to feel like they are more than customers.

Logos, slogans, taglines and websites are just references, they’re marketing vehicles.

Besides receiving your newsletters, brochures, emails and phone calls, allowing your customer to reach you in other engaging ways can help your company grow.

Don’t be afraid to be creative about it; throw events, create a blog, or connect via social networking tools such as Twitter, LinkedIn and Facebook.