marketing Archives - Page 27 of 41 by Mark Murnahan

Marketing at 20 Percent Brilliance and 80 Percent Trial

Wouldn’t it be great if all of your marketing efforts worked just exactly as planned? Just imagine how great it would be if every piece of marketing material that you put on the Internet or elsewhere was a smash hit. That would be amazing! You could cut your expenses, earn squillions of dollars, enjoy more leisure, and retire early.

Now rub your eyes, grab another cup of coffee, stop daydreaming, and get to work. This is the real world, and we welcome you to come back and join us.

Nobody is brilliant 100 percent of the time. Some people come closer than others, but none of us walk on moonbeams while tending to our herd of unicorns. It is just not going to happen, but that should not discourage you from trying.

What is more important than creating 100 percent brilliance is to keep trying and testing new things. Even the least glamorous of your marketing efforts can have some level of success. This is more important to remember on the Internet than any other place. If you are holding back your efforts because it doesn’t peg your spectacular-ometer, you will miss out on a lot of what makes your brand what it is. Like any brand, your brand is made up of people … people and their opinions. These people are not all the same, and even some of your bottom percentile marketing efforts will be appealing to some of them.

Marketing with Juran’s Pareto Principle

A historic man named Joseph Juran observed that approximately 80 percent of effects come from 20 percent of causes. Many people know this as the 80 / 20 rule, and if you consider it carefully, you will likely find it to be both fascinating and virtually unbreakable. If you are unfamiliar, I strongly urge you to read the astonishing findings of Juran and the economist he named his studies for, Vilfredo Pareto. You may read more about The Pareto Principle and related Pareto Distribution at Wikipedia. Note that The Pareto Principle is not guesswork. It is a diligently researched, mathematically defined, widely documented, and well accepted socioeconomic principle.

Some ways the Pareto principle of 80 / 20 may be observed in your Internet marketing are as follows:

20 percent of your website pages receive 80 percent of web traffic.
20 percent of your marketing receives 80 percent of social media sharing.
20 percent of your blog articles receive 80 percent of reader comments.
20 percent of your marketing efforts can be tracked to 80 percent of your sales.

There are many other examples in which you will likely discover this principle to hold true, but I just want you to consider it and how you may apply it to your marketing efforts. Applying The Pareto Principle to your marketing may surprise you.

It is important to remember that if you reduce the 80 percent, you will also proportionally reduce the successful 20 percent. Do not neglect or devalue your 80 percentile efforts, because it has a purpose, too. Consider this: Have you ever received a compliment for something that you didn’t consider your best effort? I have, and sometimes for things that were not very popular or amazing to the masses, but were just right for somebody. I offer you this example that started with a home video of a little girl named Madeline from a few years back. I saw a message in it, so I put it on YouTube, Twitter, and Facebook. It did not have amazing results, but a few people thought it was cute. Those few people were worth it, and the video brought me just a bit closer to my next great 20 percentile effort. Plus, it is another tiny piece of branding that makes up the whole mix. Is it brilliant? Perhaps it is not brilliant, but do I think is it valuable? Yes, without a doubt.

Do Not Neglect Your 80 Percent Marketing

It is certain that you cannot achieve 100 percent brilliance, but even that 80 percent that is just “pretty good” may be what somebody was looking for. If you keep it to yourself, you will miss many opportunities for exposing your work to that smaller percentile of people who will think it is brilliant.

Nothing is an out of the box success. Any product or service offering will require a lot of effort to become successful. If you look at the 80 percent of less-than-brilliant efforts as simply wasted, it will not mean that the 20 percent left is all perfect. It will just mean that you still have only 20 percent of that 20 percent that is the most effective, but there will still be 80 percent that is less effective.

When you consider your marketing, remember that it cannot all be your best. There will always be a portion of your marketing which is more successful than the rest. If you try to reduce it down to just the things which are “perfect”, you will reduce your reach of a message that will work just great for some people.

So where does this article rank among my marketing efforts? I do not expect it to be a top 20 percentile piece of work. That does not matter to me as much as the fact that I am still trying, and getting even closer to my next 20-percenter all the time.

Remember This: Marketing talent requires practice.

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Is Your Blog Sending Mixed Messages?

Have you been here before? I do not just mean here at my blog, but have you been faced with questions or doubts about your efforts? Maybe you question whether people understand the intent and purpose of your blog, or maybe you question the intent and purpose of the blogs you read. These are legitimate considerations for a lot of bloggers, whether producers or readers.

I am a big proponent of blogging. In fact, if you just google “reasons to blog”, you can see that I am practically a poster child for the benefits of blogging. If you need encouragement, I suggest giving my list of “10 Really Good Reasons to Blog” a thorough read. If you need blogging tools, I would recommend “6 Essential Blogging Tools for Bloggers and Non-Bloggers“.

Let’s face it, great blogging is hard work. I have actually considered making a video of my steps to produce a blog article, but then I want to break my own fingers just to avoid the temptation of all the video editing on top of the other efforts.

What does it take to produce a blog article? Here is a one-sentence rundown for you: I get a bright idea, then I research, write, print, proofread, edit, print, give it to an editor, edit again, find a graphic, edit the graphic, categorize it, tag it, keyword it, write a description, produce an excerpt, record a podcast, upload podcast, title and tag the podcast, review the podcast, preview the article, edit it, preview it again, publish it, tweet it, facebook it, linkedin it, stumble it, reddit it, ping it, diigo it, mixx it, delicious it, then watch my web stats and keep my fingers crossed while hoping that some people will digg it, stumble it, facebook it, tweet it, and etecetera.

Somewhere in blogging, there must be an earthly reward. This is not the extent of what it takes to produce and promote a good article, by any means, but I was running out of breath trying to fit it into just one huge run-on sentence. There is a whole lot more to it than just that one breath. Through all of this effort, I hope that readers will appreciate it just a fraction of how sincerely I was trying to benefit them. If I benefit them enough with useful topics, they may help pass my blog along to somebody interested and in need of my marketing services, so that I can keep blogging without my kids getting too skinny.

Ahh, true passion of the SEO and social media marketing blog producer … you want some of that, don’t you?

Fun and Simplicity of Blogging

I already pointed out that I am an advocate of blogging. It it true that blogging holds many great rewards, but blogging is not an easy task for most of us. Some people will promote how fun and simple it is to produce a blog, but then I once heard a woman say something similar about having a baby, too. Yes, blogging can be very worthwhile, but there is also a pregnancy and labor side of blogging. Good blogs come from things like pixie dust and unicorns, but great blogs come from mind-numbing levels of creative effort. This is especially true if they are business blogs, which require a high level of marketing talent.

Knowing that it requires a lot of work to produce a useful blog, it would be a horrible shame to create and promote all that great work and not at least receive a few comments from readers, more subscribers, additional business, or something to justify all the effort and keep you wanting to continue giving your works to this amazing Internet resource we all build together.

Why Do I Make So Much Effort to Blog

Yes, here comes the reason I work hard to serve you. I will break it down really simple to tell you why I work hard to provide benefit to my readers. It is not as despicable as you may have thought.

If you are a subscriber to my blog, you have seen my crafty works to help get your thoughts racing about SEO and social media marketing. You may wonder why I work so hard to help people with marketing tips and ideas. I do not sell advertising here on my blog, so how can this possibly be worthwhile to me? I do not even promote my own company. Actually, the opposite is true, and my company promotes my blog.

What the following description of my efforts should drive home for you is the very most essential piece of the combined art and science of online marketing. Here it is: The most important thing about my blog is to serve people with something useful and compelling. The short version that I often tell people is “be useful!”

Yes, there you have it. The emphasis of my effort is to be useful and compelling. The kicker is this: When I am useful and compelling, people will share my work with others. If they share it on their blogs and social networks, my search engine ranking is improved, my readership is improved, and far beyond any big ego boost you may suspect, I actually stand a greater chance of having a paying customer ask me to help to do the same for them. Now that does not sound so much like the kitten-killer you may have made me out to be, does it? I did not even con you into buying something you do not need. That is refreshing in this day and age, don’t you think?

Have I Helped You?

I want to ask that in consideration for my efforts for you to pass along my work. If you are a do-it-yourself’er, please pass this along to people who may hire out my marketing services. If you are a marketing person and you do not have a conflict of interest, please spread this to others in our field. If you are a marketer seeking a client, just like me, I want to ask you to reach out to me so we can share ideas. Maybe I can guest blog for you and help promote you to your best audience.

In any case, if you find it useful, I want to ask you to subscribe to my blog and share your comments with others here. Also, please do not be too ashamed to pass along what I offer to others on your Twitter, Facebook, LinkedIn, Digg, or other social networks. I am not your embarrassing Cousin Eddie. Helping me to share my work with people who can benefit is nothing to be ashamed of. I may be just “a web guy” to you, but I may provide a lot of benefit to somebody you know.

I promise that, although I am from Kansas, I will not behave like the famous Cousin Eddie from Kansas depicted in this video.

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Market Research Tip: Jumbo Jets and Jelly Beans

Shoppers lie. It happens all the time that they say they want one thing, but the truth is actually quite different. This happens because most shoppers feel a bit insecure about their purchases. Just picture yourself walking into an auto dealership to understand this better. You probably make up reasons to say “no” before you even drive on the lot. It is how consumers “protect themselves”, and it is rooted in cynicism. People want to buy things on their terms, and not the seller’s terms, and if that means they have to lie, they will often lie.

I am not going to call everybody a liar. No, I am not going to do that. What I will say is that during the purchase process, there are often things which are not exactly as they seem. This begins in the very earliest steps to a purchase, and it is the marketer’s job to overcome those smokescreens. We do this in many ways, including fact-finding about our market to better understand the ideal customer and how to meet their objectives. We perform careful propensity modeling to determine exactly who to target. Then we create a strong call-to-action to entice customers to take action now, before they can dream up another lie to help excuse themselves from committing to the purchase.

It should not be surprising that much of this process is made far more difficult by trying to market to the wrong people. A lot of marketing efforts miss the target miserably by skipping the research and trying to sell to people who are only marginally interested in the offering.

NOTE: When I say “take action” I mean for the customer to get what they want … what they came for. After all, when a prospective customer comes out of hiding, there is a reason. They want what you offer.

The purchase of anything from jelly beans to jumbo jets has two sides; one side who wants the sale, and the other side who wants the sale. They ultimately both want the sale! Marketers often neglect this, and place themselves in a very defensive role as if the customer holds all the cards. Something important to remember is that the customer also wants what the seller has to offer, often much more than they will let on. After all, they are ready to trade their money for it. You just have to suit their objectives and help them to buy on their terms. The best way to do this begins long before you ever even encounter the customer. The best answer is to know who the buyer is, and to know their terms.

Stop Marketing Jumbo Jets to Jelly Bean Customers

I have taught many people how to market and sell things, both online and offline. I have been in the marketing field for over 20 years, and I have seen a lot in that time. I have seen about every smokescreen that a customer can hide behind. There is a common saying that “buyers are liars”. It sounds ugly, but it really just means that until you uncover the customer’s real objectives, they will often be less than forthright about their purchase decision making. It may sound like a “lie”, but it is actually just to cover up deeper objectives, and a prospective customer’s attempt to feel secure while getting what they want. You see, if they tell you the whole truth, then you have too much power (in their mind), and they become “vulnerable”. The common fear is that if they open themselves up to your influence, they may end up coming to you asking for a bag of jelly beans and leaving with a jumbo jet. Of course, if that is the case, it really means they actually wanted a jumbo jet, but they were afraid to admit it and afraid of the sacrifice. It also means that the seller was reaching out to the wrong audience instead of discovering the people who are asking for jumbo jets. When you reach the right market, much cynicism is averted.

Marketers who understand what customers really want are the marketers who earn happy customers and become very successful. Effective marketers do the necessary discovery work to find out who the customers are and what they really want. This helps us to understand how to reach the right people, define the marketing approach, and thus improve response rates.

If a given group has a propensity to purchase jumbo jets, effective market research will uncover the facts. Market research helps to determine the most effective means to reach the target audience, and the right marketing message to implement. In my work, I find a lot of people trying to sell jumbo jets to jelly bean customers, simply because they never took the initiative to understand who the customer really is and what the customer wants and needs.

Wasteful Marketing Efforts

Many people will take the approach of simply seeking more audience. We all want more audience, but as a sole effort, that can lead to a whole lot of waste. Marketing duck hunting to vegetarians may reach a lot of people, but it will not produce desired results.

Other people will focus too much on a stronger call to action. A strong call to action is good, but again, this alone often leads to more waste. Offering a huge discount on lipstick will probably not bring the greatest results at a gun show.

Another huge waste I see in many marketing efforts is to assume that markets are less defined online than that of vegetarians and gun shows. The fact is that marketing online provides much greater definition to market segmentation. I encounter many people who think of the Internet as a place to market to the whole world, but take little or no care to define their market and understand the best ways to reach the right segments.

These are extreme accounts of wasteful marketing, but I see much more subtle mistakes being made every day. A better option is to know who to reach and what they want. Put yourself in their shoes and research your industry from their standpoint. This is not easy, and it is not natural for most business people. It is also why there are people who specialize in the field of marketing.

Wasteful marketing efforts will cause you to constantly be at odds with the prospective customer and they will seldom come over to your side to see the benefits of doing business with you.

How Do You Bring the Customer to Your Side?

The first step to winning customers is to know your market and why they want what you have. If you can realize the objectives of your market, you can bring the customers to your side so they can see it from both perspectives. Then they can see your vision of how your product or service will benefit them. If they want a jumbo jet, you will be the one who sells it to them.

Market research and gaining an understanding of the customer is a huge missing piece in many marketing campaigns. I have been shocked countless times to find that for many companies, market research is a confusing task that just seems like wasted effort. You can believe me or not, but it is the most important piece of all. Market research allows you to know what people want and what they will respond to. It is what tells you who to reach and the message to reach them with. Without proper market research, you may as well advertise jumbo jets for sale in your local candy store. If you keep trying to sell jumbo jets to jelly bean shoppers, you will waste a lot of time and expense.

Take your market research seriously.

Unless I am mistaken, you want to know how to earn more business by having more effective marketing reach. That is what I sell. You did not come here for jelly beans.

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Statistics Obsession: Another Huge Internet Time-Waster

Do you check your statistics to see if your web traffic has moved up since you checked it an hour ago? Do you ever feel just a tinge of obsession over your Google Analytics or Clicky statistics? Do you wait impatiently for the next update of your score on Alexa, or Quantcast? Do you get frustrated when your Klout score is a day behind and you just have to know if they actually picked up on all of your hard work?

Stop it! Just stop it!

I know how easy it is to feel better when you go and see how (or if) people are interacting with your website or your social media profiles. It is actually very important information to know. Knowing your statistics, and understanding what they mean is extremely valuable for effective online marketing. The problem arises when it is taken to a level where productivity is lost.

Don’t take this wrong. I am not berating you, because I know how easy the trap can be. Allow me to jest. I am one of those guys who is drawn to statistics like a moth to a bug-zapper. I will probably know if you click this link before you can even pick up the phone to call me and ask how I can help you to grow your business. It is one of my important calls to action for people to visit my “About Mark” page to find out more about me, or my contact page to reach me about better marketing. (UPDATE: I no longer accept loser clients.)

When I see those things, it means somebody is interested in my services. Well, sometimes it means that. If they click on my link for “What Others Say About Mark” it must mean that they are going to spend a ton of money, and I can take a few more minutes to check out my stats on other sites, because I have already practically got their money in the bank. You know, because people are clicking all the right stuff, and I had a four percent increase over an hour ago in the stuff I wanted clicked. Now I am freed up to do more statistics-surfing. Maybe somebody retweeted me, maybe they bookmarked me somewhere, or maybe I have more FeedBurner subscribers. If I check these things, maybe I will feel better, like Oprah Winfrey with a double-scoop ice cream cone.

A Better Waste of Time

The Internet is such a fascinating place. It amazes me what kind of things you can find. Perhaps a better waste of time for those moments when you want to go and check those stats again would be to watch this nine minute video of some guys frying bugs in a bug zapper.

On the other end of the spectrum, if you are not checking your website statistics to know what your readers want and how they are interacting with your material, you should be. Just don’t be too obsessed with it.

Help Abolish Procrastination Tax

I made a follow-up call to a man about his marketing needs. He previously asked me to follow up, and so I did just that. Within about a minute of my call, he said “Well, this is a really busy time of year for us” and started with more excuse-crafting. I interrupted him to say “Hey Bill, I am not calling to waste your time” and quickly ended the call. What I really meant was that I was not calling to waste my time, and I think he got the point.

Bill is a man who knows very well why his company is bleeding money. He knows that he needs better marketing. That is why we have been talking. He expresses good intentions, but he always has an excuse. Is being busy a good reason to put off better marketing? Is money a good reason to put off better marketing? Is there really ever a good reason to put off something that will improve your business?

Let us consider where money comes from in most businesses. It comes from doing more business, and that means more customers. More customers comes from marketing. Is this really such a mystery?

“Procrastination Tax” is the Extra Cost of Waiting

People have been frustrated by taxes for centuries. They vote, they write their government leaders, and they even overthrow their government, but mostly they complain. They complain a lot! I hear people every day complain about the economy, and how everything is swirling down a big toilet bowl. I am not completely excluding myself. I don’t like it any more than the rest of you. The difference I make is that I realize one of the biggest “taxes” I pay is “procrastination tax”.

Putting things off until it is too late, or until the cost of waiting makes problems much worse is common. It is one of the easiest mistakes to make, and also one of the most damaging. The good news is that you have a choice.

For somebody like Bill who makes excuses, the additional cost caused by procrastination is high. He said that this is a busy time of year. It is the time when his business seems to be getting better. It only lasts for a short time, and then things will be slow again. Bill knows this, because he has been in his business and waiting for the next busy season for decades. Wouldn’t it make sense to maximize that seasonal opportunity, since it only comes once in a while? By procrastinating, Bill has effectively put off his best chance to turn his business around and stop losing more money until another year. Yes, another whole year before he will have another opportunity like he faces right now. Another year with mediocre results … and that is if all goes well. Another year to worry about whether he socked away enough to make it through the next slow period. Another year that he could have done more business and grown his company and had an even better year, next year.

I wonder how many years Bill can waste procrastinating before he realizes that action today is worth a lot more than action tomorrow. For some industries there is a year between each big rush, and for others it is a much shorter time. In any case, the tendency to wait for just the right time can have damning results to a company. I wonder how Bill will feel when he looks back a year from now and wishes he had set a better plan in motion. Oh yes, and next year will come … faster than ever.

Bill will always be waiting for something. While he waits for the perfect time, his procrastination tax is growing each day.

This reminds me of something my mother told me many years ago. She said “If you wait until you are ready to have children, you will never be a father.” I have three kids now.

Related Article: Push Your Marketing “Go” Button

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