Social Media ROI Baptism

Social Media ROI Baptism (with apologies to clergy everywhere)

There’s an old joke about a man whose pastor decided that it was time for him to be baptized into the faith. So the pastor took the man down to the river and, after saying the appropriate words, dunked the man’s head into the river for a few seconds. When the man’s head was out of the water and he had shaken the water off his face, the pastor asked him if he believed. The man said that he wasn’t sure.

So the pastor said some more words and dunked the man’s head into the river for several tens of seconds. When the man’s head came out of the water for the second time and he had caught his breath and shaken the water off, the pastor asked him again if he believed. And again the man said he wasn’t sure.

Getting frustrated, this time the pastor regaled him with a full sermon on why he needed to believe and held the man’s head in the river for a full minute. When the man’s head was finally released and he spluttered and shook the water off and took several deep breaths, the pastor asked for a third time if the man believed. And this time the man said that he did indeed believe.

Just to make sure that the baptism had really been effective, the pastor asked the man what he believed. And the man replied that he believed that the pastor was trying to drown him.

With so much emphasis on social media these days, one could wonder how much of the blog postings and social media content to believe. This is especially true now with the focus on social media return on investment (ROI).

Do you believe that social media has value in building your relationships with your prospects and customers? I certainly do. Do you believe that you need to post interesting and relevant content in order to nurture those relationships? I certainly do. Do you believe that you need to interact with your customers, sometimes in almost real time, via social media? I certainly do.

Do you believe that you can put absolute numbers, in dollars and cents terms, on the results you are gaining from your social media efforts? I certainly don’t. And you can immerse me in words and arguments and articles and posts until day turns into night and I think then that I’ll only believe that you are trying to drown me in “facts” until I acquiesce to believing something.

Don’t get me wrong here. I do believe that our social media efforts, properly directed and executed, are important. And that they do provide a return on our investment in both tangible and intangible ways. But when I’m asked to prove it with debits and credits and dollars and cents I’m afraid that I have to revert to faith alone. Because I don’t believe anyone has yet to come up with a proof that an accurate equation exists.

I’d love to have your opinions on this viewpoint. And thanks for reading.
Scoop.it

December 4, 2012June 3, 2013

Elements of a Marketing Plan — 3

I’m going to continue posting the materials from my Udemy.com online course entitled The Marketing Plan Seminar in 2013 so that my followers can get a feel for the kind of work that I can do for them on a consulting basis. If you can’t wait for the installments to be posted you can order the complete course at http://udemy.com/The-Marketing-Plan-Seminar at any time. In the mean time, I hope you will enjoy each small installment and please do give me a call if doing so triggers something for you where I can be of help with an Instant Strategy Session or working with you longer term with the Monthly Mentoring Mode. Enjoy!

While we need to answer the first three questions on this slide, we really need to think about the fourth bullet — how will we convert leads to prospects to (new) customers and how will be both retain and convert new customers to repeat customers.

Elements of a Marketing Plan — 3

We’re really asking three questions here. Who are the real target markets we’re trying to reach, what messages that hopefully will resonate with these target markets are we trying to convey, and what is the best media to use to get those messages to those target markets in the best and most cost effective way.

Order the complete course today so that you’ll be ready for 2013 and won’t have to wait for the next twelve slides!

December 3, 2012December 3, 2012

Elements of a Marketing Plan — 2

I’m going to continue posting the materials from my Udemy.com online course entitled The Marketing Plan Seminar so that my followers can get a feel for the kind of work that I can do for them on a consulting basis. If you can’t wait for the installments to be posted you can order the complete course at http://udemy.com/The-Marketing-Plan-Seminar at any time. In the mean time, I hope you will enjoy each small installment and please do give me a call if doing so triggers something for you where I can be of help with an Instant Strategy Session or working with you longer term with the Monthly Mentoring Mode. Enjoy!

: This image goes with the accompanying video that is part of the online Marketing Plan Seminar. This is slide number 7.

Here we see the hierarchy of goals, strategies and tactics. Too often people fall into the “tactic of the day” trap and go off developing tactics before setting initial goals, supporting the goals with strategies and then implementing tactics that will support them.

Elements of a Marketing Plan — 2

The “bottom line” here is to make sure that you develop things in the right sequence.

November 30, 2012November 30, 2012

Elements of a Marketing Plan — 1

: This image goes with the accompanying video that is part of the online Marketing Plan Seminar. This is slide number 6.

This slide illustrates the first thing that you’ll want to do in developing your marketing plan: market research. Have a look and a listen to this one. The better your research the better your plan will be.

Elements of a Marketing Plan — 1

You’ll want to make sure that you take a real objective look at your markets — people who are really likely to be intersted in what you can supply. You’ll want to estimate the size of your market(s) and segment them into niches where appropriate. “Everyone” is not a well defined target market!

You also need to identify competitors, not only for your product or service but also for the overall dollars that are available from your prospective customers for your type of product or service. Look also at barriers to entry. How expensive is it to enter the market? What regulations or licenses could impact your entry into the market? And what about physical location needs and alternatives if you are considering a brick and mortar based business.

The more complete your research, the better your planning results will be. Don’t skimp on this step!

November 29, 2012December 14, 2012

How’s Your Scotoma Quotient?

If you aren’t familiar with the term, WebMD defines the scotoma as “An isolated area of varying size and shape, within the visual field, in which vision is absent or depressed.” And as “A blind spot in psychological awareness.” The first one discusses a physical manifestation while the second refers to a psychological manifestation. And that is the one I want to talk about.

The psychological scotoma is most often discussed in the context of cognitive dissonance — typically described as the feeling of discomfort when simultaneously holding two or more differing ideas, beliefs, values or emotional reactions. The phrase was coined by Leon Festinger in 1956 and published in his 1957 book called “A Theory of Cognitive Dissonance.” According to Festinger, people engage in a process he termed “dissonance reduction” which can be achieved in one of three ways: lowering the importance of one of the discordant factors, adding consonant elements, or changing one of the dissonant factors.

In plain English what is being said is this: If reality as you are experiencing it does not match the vision of reality that you are holding in your mind, you will feel disharmony. And your subconscious mind will do whatever it takes to resolve that disharmony by either changing or applying a scotoma (blind spot) to your currently held vision or causing you to do whatever is necessary to change your current reality into something that matches your currently held vision.

This theory, which is one of the most influential and extensively studied theories in social psychology, is the basis for a technique called visual image formation. Using this method you create picture in your mind of how things are when you have achieved your goals. The picture is created in the present tense and is supported by a connected emotional good feeling like lying on a beach or getting married (presuming that was a happy experience!). If your current reality doesn’t match this picture, your creative subconscious will help you do the things you need to make reality as it is match reality as you envision it.

There is a great book called The Magic of Believing, written by Claude M. Bristol and published in 1983, that goes into this theory in great practical rather than scientific detail and I highly recommend it to you. Because it also warns of the second way in which disharmony can be resolved: by altering your mental vision, typically with a scotoma. Your creative subconscious will resolve the disharmony,but you want that to happen by fixing your reality, not altering your vision. Or “patching” it with a scotoma to block out the uncomfortable or disharmonious feelings.

It helps sometimes to revisit your vision on a regular basis to make sure that certain parts of it haven’t been papered over with scotomas that have reduced your energies toward making reality as it is match reality as it should be.

There’s a lot more to this story than will fit here and perhaps I’ll elaborate in a future post. In the meantime, please let me have your comments on this post. Thanks for reading and I hope this helps you identify and eliminate your scotomas.

Scoop.it

November 29, 2012December 17, 2012

Authority versus Power

Do you know the difference between these two terms? And I don’t mean just the dictionary difference, I mean the difference in behavioral terms of both those wield and those who submit to one or another of their forms.

You may be given the authority, by someone with higher authority or with real or perceived power, to sign checks in your company, to hire and fire people, to issue purchase orders (up to your authorized amount) and the like. This authority was given to you and it may be revoked at any time for any reason, however arbitrary (although the more arbitrary the reason the more justified it will be).

Power, on the other hand, is something that you give yourself, even if you have no authority to grant it to yourself. And no one can take it away from you. Let me give you an example.

The supply room people in your company are tired of being interrupted all the time by people demanding pencils, pens, paper, paper clips, staples, copies, etc. So they put out a memo that says, in essence, “In order to serve you better, office supplies will now be available for pickup on Tuesdays and Thursdays from 10 AM to Noon and from 2 PM to 4 PM. Please drop your written and approved request forms – downloadable on the company Intranet – at least 24 hours in advance to insure that your supplies will be ready for pickup at the time you choose. – Supply Room Management”

Who gave the supply room “management” the authority to modify the behavior of everyone in the company who uses office supplies? No one did. They gave themselves the power to change their environment and work habits by issuing the memo – and publishing it to the whole company because they also own the copy machines and do the mail deliveries! And who is going to question their obvious attempt to be more helpful to everyone? Aren’t they doing this “in order to serve you better?” You don’t want better service? What are you, some kind of subversive chronic complainer who needs to be reported up the management chain?

OK, the CEO’s admin wants something on Wednesday. Are the supply room folks going to give her a hard time? Of course they’re not. They’ll bend over backwards to make her happy so that she compliments their wonderful service to her boss. So guess what he thinks when he hears a complaint about their “in order to serve you better” memo? You’ve got it.

Think about this the next time you decide to submit to an arbitrary “rule” provided by someone “in authority.” Make sure that it’s not an example of the misuse of power I’ve described above. And think about it as well when you think you can do some real good by assuming the power to do so!

As always, your comments are solicited. And thanks for reading. Much more on this topic to follow in the future.

Scoop.it

November 29, 2012December 14, 2012

The Marketing Plan Development Process Flow

: This image goes with the accompanying video that is part of the online Marketing Plan Seminar. This is slide number 5.

This slide illustrates the seven major steps in developing your overall marketing plan. There may be intermediate or sub-steps required during plan development but these are the major ones. Have a good look and a good listen to this one. It is critical to your marketing planning success.

As you can see from the diagram, it’s important to consider both external input — from customers and market and competitive research — as well as your own internal constraints. But don’t let internal constraints alone limit your thinking. There may be ways around them that you’ll come up with as you develop your initial thoughts and plans.

Once the preliminary analysis is complete it is time to kick around the pros and cons of each idea and home in on the actual recommendations that will be implemented as tactics in your overall marketing plan. And don’t forget to include the mechanisms to periodically measure the results of your strategy so that you can continously adjust and fine-tune it based on what’s working and what’s not working as well as you’d planned.

Scoop.it

November 27, 2012November 28, 2012

Why Have A Marketing Plan?

I’m going to continue posting the materials from my Udemy.com online course entitled The Marketing Plan Seminar so that my followers can get a feel for the kind of work that I can do for them on a consulting basis. If you can’t wait for the installments to be posted you can order the complete course at http://udemy.com/The-Marketing-Plan-Seminar. In the mean time, I hope you will enjoy each small installment and give me a call if doing so triggers something for you where I can be of help. Enjoy!

Why Have A Marketing Plan?

Why A Plan? — This image goes with the accompanying video that is part of the online Marketing Plan Seminar. This is slide number 4.

Here’s another question for you and this one is not rhetorical at all. It outlines why you really need to have a formal marketing plan. Have a look and a listen.

If you don’t have a plan it is nearly impossible to reach your goal successfully. Your plan supports your vision for your business and charts the path to lead you from where you are currently to where you want to be.

November 27, 2012November 27, 2012

Where Is Your Marketing Plan?

I’m going to start posting the materials from my Udemy.com online course entitled The Marketing Plan Seminar so that my followers can get a feel for the kind of work that I can do for them on a consulting basis. If you can’t wait for the installments to be posted you can order the complete course at http://udemy.com/The-Marketing-Plan-Seminar. In the mean time, I hope you will enjoy each small installment and give me a call if doing so triggers something for you where I can be of help. Enjoy!

Where Is Your Marketing Plan?

Here’s a bit of a rhetorical question for you. And in the accompanying video I explain what I mean by that. Have a look and a listen.

It really is critically important that your plan be formal and published. Formal makes it more concrete and publishing it so that others can see it, review it, question it or suggest improvements to it helps create buy-in and helps make you accountable for its implementation.

November 25, 2012June 9, 2015

10 Reasons Not to Hire an Expert

$Calvin & Hobbes - Math Homework$ I’ve been curating a lot of articles lately and re-posting them for the edification of my friends, fans and connections and several of those posts have been lists of 5, 10, 12, 20 or more things you can do to improve your business, life, social media strategy or anything else. In fact a lot of experts say that the titles for your posts should have numbers in them and that lists make for good content. So here’s mine!

1. You know more about the subject of how to solve a given problem than anyone else possibly could. Especially someone from outside your organization who lacks the in-depth participation that you have in the original creation of the problem.

2. You know that an outside expert will ask you a lot of irrelevant questions in an attempt to get to the root cause of your problem and you really don’t have time to answer a bunch of those kinds of questions.

3. You worked with an expert once that your company hired to solve a problem that you couldn’t solve on your own and that expert simply presented your solution to management in such a way as to get it accepted while giving no credit to you.

4. You can’t pay an outside expert $125 an hour to quickly provide recommendations to solve the problem you’ve been wrestling with for weeks or months and that has been preventing my ability to grow my business. Too expensive!

5. You’ve been doing things this way for years and the last thing you need is some wise guy in a suit with a briefcase coming in here to tell you that there might be better ways to do things. So what if you’re working 60 hours per week? You don’t need any help.

6. Strategy, schmategy! You’ve just got to get the message out to everyone possible that they are just dumb if they don’t buy your product/service. Don’t these experts realize that you wouldn’t be in this business if you didn’t know what you were doing?

7. You don’t need some expert telling you that what you’re currently doing isn’t working as well as you’d like it to. You already know that! You just need to work harder at what you’re doing and get your people to do so as well.

8. You’ve heard all about this “working smarter” stuff and you just don’t believe in it. The old ways have always worked for you in the past and all of this newfangled stuff is just going to make more work for you.

9. How can anyone without detailed knowledge of the ins and outs of your particular business help you by showing you how generally successful goals, strategies and tactics that work for others could work for you?

10. You don’t have time to talk with any experts. You’ve got too many problems of your own to solve!

Hope you enjoyed this. Isn’t is amazing how many people — not you, of course — fit these examples? As always, I’d love to have your comments — pro or con or just plain different. Thanks for reading and don’t be shy.