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Archive - 2016

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1
Meeting Customer Expectations
2
How To Choose Marketing Strategies Suitable For Your Business
3
Marketing Plans – Why and How?
4
Organise Your Staff Before You Have Any!
5
What is Real Teamwork?

Meeting Customer Expectations

Let me know if this scenario is familiar to you.

You go out for a romantic dinner out with your partner or spouse. You’ve chosen a high-end French restaurant because of it’s reputation for good food, and frankly, the advertising you’ve seen about the food and the overall experience. While you haven’t really specified it, inside, you know that what a romantic meal out means romantic decor with low lights, comfortable seating and some privacy in the way it’s laid out, welcoming service when you enter and attentive service without being too pushy through the meal. Oh and, the meal should be good, or at least worth the price.

Recognise the scenario? Tell the truth, while the quality of the food is important to you, it’s not as high on the list of your needs as all the other factors surrounding the evening.

So have you ever entered into that scenario and found that when you walked in…..

  • you were ignored for what felt like a crazy 10 minutes spent fidgeting near the door
  • the lights were so darn dim that you couldn’t see in front of your face
  • the seats (when you eventually sat down) were modern hard plastic and after half an hour you just wanted to finish and get out because of your sore bum
  • and the wait staff were all over you or forgetting about you.

The food was GREAT but…..the rest of the experience killed the evening.

Does that sound familiar?

Marketing is all about emotions and expectations. Despite having a GREAT product, you still need to meet all the customer’s expectations caused by your marketing.

This week I am going through what it takes to meet your customers’ expectations.

 

 

So, think about that. You need to set up your business to meet all of your customers’ needs:-

  • It’s not just about a great product
  • How do you provide that product to them?
  • What about after-sales service, is it what they want?
  • Is the price what they expect?
  • What about the way you package the sale, either of a tangible product, or of an online product, or even of a service – what comes with it, all wrapped up?
  • Have you trained your staff to give the perfect experience?
  • What about your internal systems and procedures, do they support giving your customer what they want?

In my SMART Marketing program, step 3 is all about setting up your business to match customer expectations. If you don’t do that then all the benefits of your product will not be appreciated. Click here to check out my SMART Marketing online training and workshop to guide you through the creation of your targeted marketing plan, and collect three free gifts along the way!

Get over to my website now at teikoh.com and register your name and email to get more free tips, tools and resources to create winning strategy, show innovative leadership, and grow the business of your dreams!

How To Choose Marketing Strategies Suitable For Your Business

One of the questions I am always asked is “how do I choose the right marketing strategies for my business?”

You see, marketing has been historically steeped in mystique. It seems you have to go to a marketing “expert” and then they do some magic and the right marketing strategies for your business just pop up.

It doesn’t have to be like that. You need a process, for sure, but after that you just need to know your product, know your market, and know your business.

To start with, you need to think logically.

What makes people attracted to your business? What makes them want to buy your product?

Then, all you need to do is to match your strategies to their needs.

Watch this video to take you through the simple logic of it all.

 

 

See? It’s all quite logical if you follow a step by step process.

If you think your customers are attracted to you because you are a professional brand and they need a conservative approach, then find strategies that show off your knowledge, your experience and your dependability. In such a case, don’t sponsor a football team, go and speak at a business conference!

If they are into health and fitness then show them the results you produce and what fun people have when they train with you. Make sure your marketing activities are about health and fitness through fun and enjoyment, don’t wear a suit and give a boring speech!

If they seek coaching and are attracted to your leadership qualities, create marketing strategies that show off your personality and the effectiveness of your products.

And don’t forget to ask what part of the sales funnel are they in. If they are at the top and need to be made aware of your business and your products, tailor marketing strategies that broadcast your brand and your name; if they are in the part of the funnel that needs to pique their interest then your strategies need to define the difference between you and your competitors; and if they are ready to buy, your marketing strategies need to be about conversion.

Hey, if you want to know more about marketing strategies and actually go through a virtual workshop and create your own marketing plan, check out my online course and workshop called SMART Marketing. This course is specially designed to take you through a simple 7 step process to create your highly targeted killer marketing plan. Click here to learn more about this online marketing plan creation resource.

Now, finally, if you are reading this on one of my social media platforms, you really need to get over to my website teikoh.com to check out the loads of free tips, tools and resources to grow your business or click here to sign up and get free resources emailed to you every week.

 

Marketing Plans – Why and How?

Do you need a Marketing Plan?

You run a small business, surely not? I mean, you’re not Amazon, but customers come in don’t they? They find you, and sometimes they even refer their friends to you. Sales are ticking along smoothly, why would you need a marketing plan?

Well, let me ask you: could you improve your sales?

When you started your business, what was your dream? Is your business shaping up that way now?

If you are honest, most of you would say that in your “dream” your business was running a little better than in reality, right? Let’s face it, how many of us “dreamt” of being middle of the road?

Yes, you do need a marketing plan or you are just cruising. If you don’t market, you’ll end up floating with the tide, not going where you want but going where it takes you. Is that the way to grow your business?

A marketing plan need not be this expensive, consultant-led exercise that you don’t understand. Why don’t you use your knowledge of your own business to design a targeted set of marketing activities that will reach out to your ideal customers?

Here’s how –

 

 

Here are the seven easy steps again:-

  1. Get to really know your product or service from the viewpoint of your customer. What are the benefits that it gives your customer? What needs does it fulfil?
  2. Get to know your ideal customer. Where do they come from? What’s their profile? Why do they need your product? What are their personal traits and emotional triggers?
  3. Set up your whole business, not just your product, to meet the customers’ expectations. How do they like to receive your product? What happens after sale? What responsiveness must you have? Do they like the experience gift-wrapped or just off the shelf?
  4. Utilise the right pricing strategy – make money, but set your price so that it attracts the customer. Should it be priced as a luxury category or a cheap one? Do you price for the unique experience or to compete?
  5. Choose the appropriate marketing activities. Are they appropriate for the stage of the sales funnel you are pitching at? Are they appropriate for your market and the characteristics of that market?
  6. Schedule the campaign. Build your marketing activities so that they reinforce each other, not some random set of happenings.
  7. Put it together, and while doing so, make yourself accountable with inbuilt monitoring and measurement systems.

If you want to know more, click here to read about my SMART Marketing Planning system.

And don’t forget, get over to the website and post a comment on your experiences in marketing your business. While you’re there, subscribe and I’ll make sure that you get more free tips, ideas and tools to grow your business sent to you every week.

 

Organise Your Staff Before You Have Any!

All small businesses start in a very similar way, and I’ll bet you can relate to this story.

So, Joe and Joan start their small business just by themselves. They did most things jointly – did the sales, ordered stock, stuffed the shelves, wrote parts of their website, kept the books, opened every morning and closed every evening. Then they hired a store helper, Sue. She was really keen and helpful, she mucked in and helped to do everything as well. But things were starting to get missed because they got confused about who was going to do what.

Then, one day, they ran out of stock.

“I thought you were going to do that?” asked Joe of Sue.

“No, I was busy that day, but Joan heard we needed to do it so I thought she was going to.”

“Oh no,” Joan says, “Joe always does that on Thursdays.”

Growing small businesses grow organically. They hire staff as and when they need them. But unless you get organised, things could fall between the cracks no matter how helpful and willing everyone is. Organisation means you know exactly who does what, how they do it and when, and who does it as a temporary replacement under certain, set, circumstances.

That way, there is no confusion.

Watch this video on how to organise your staff before you even have any.

That makes sense doesn’t it? Organise your business so it doesn’t fall into confusion by designing it from the start.

Draw up your “Organisation Chart” or picture of the positions (not persons) who will end up in the business when it is fully grown. Design the units or departments, or just areas of responsibility such as sales and marketing, books and administration, stocks and warehouse. Prepare Job Descriptions for each of the positions noting specifically what they are responsible for, how they are to be measured, and who they report to.

Like most small businesses, even with this Organisation Chart, you the owner will start off doing everything. Take that opportunity to write down procedures for all the tasks each position has to be responsible for.

Then, as you expand and hire people, you have ready a Job Description and a tested routine that you can just hand over.

As usual, the best happens after the story! Get over to the website teikoh.com and tell me what your experiences are about this idea. While you’re there, subscribe and I’ll send you more free tips, tools and resources every week to help you create great strategy, show leadership, and grow your business.

 

What is Real Teamwork?

We all work with other people.

Whether your business is online or bricks and mortar; whether you run a micro business that is non-location specific on your own, or a small business employing a small or large group of people, at some stage you need to work with others. In your micro-business working from home you might work with a number of outsourced creatives, or the odd consultant – even in that situation you need to co-ordinate, brief, get the right result.

So my contention is that in any business you need to know about teamwork and how to really make it work.

Teamwork is not about getting along together, it’s about getting on with it together. Just being friends who like each other doesn’t make the task any more efficient, just more pleasant.

Teamwork is about everyone working for the same result and looking out for everyone else, stepping into the breach to help when needed, but also recognising each others’ strengths and letting others get on with what they know best. This means that people work to a common timeline and set of objectives, including quality objectives and core values. This means that as your team work on a project or campaign, they stick to schedule, help each other out in areas where their skills are required, and produce their parts of the overall outcome within the quality and other specs required.

Like anything of value, it’s hard to create and easy to destroy!

Over my years working on large-scale change management projects, as well as helping entrepreneurs create their business dreams, I have seen teams being built and operate in that “A” zone, and I believe that there are 4 key factors.

1. Good team work is a “no-blame” culture

This sounds simple but is not easy to achieve. When the pressure is on and something goes wrong, it’s easy, almost “natural” to say “who screwed up?”

But instead, I’ve seen the best teams ask “what can we all learn from this?”

These teams don’t hang people out to dry, they isolate the problem not the person. A blame culture encourages people to hide the problem and cover their mistakes in order to avoid blame. So the reason for failure cannot be fully understood and fixed.

In 1991 the Williams Formula 1 team’s lead driver was Nigel Mansell. At the Portuguese Grand Prix, Mansell was a leading contender for F1 Champion when he made a routine pit stop. Everything appeared normal and as he was signalled to go, he accelerated out of pit lane when his right rear wheel broke off. He had to retire and not only lose the race but ultimately the championship.

The team found that the mechanic fitting the right rear wheel nut had found the nut was damaged and so raised his arm to ask for a replacement. The lollipop man thought the raised arm meant he was ready to go and allowed Mansell to speed off. The team reviewed their procedures and found that the SOP was to have everyone raise their arms when their job was ready – and the lollipop man took that as the signal.

Realising the problem they changed SOP so that only key mechanics who were involved in the last process (tightening the nut) raised their hands.

In a blame culture the mechanic would have been blamed for being “careless” about raising his hand, and the problem of “too many hands” would have continued potentially causing more errors.

That’s not to say there are no consequences – but they are not punishments. The consequences might involve training for example, on the basis that there are no mistakes, only learning situations. However if a cause for failure is human and it keeps repeating despite genuine efforts to fix it, a heart-to-heart performance evaluation might also take place.

2. Real teamwork is essential between sub-teams

Another way of saying this is that the real gains come from how teams work with each other, for example how the sales team works with the marketing team. If they don’t work together schedules get screwed and messages get wonky.

Really good teams have really good sub-teams who communicate regularly about matters that make the whole better. They emphasise activities that create integration and value how each sub-team help the overall outcome be produced.

In the late 1990’s Nissan was a faltering car manufacturer having posted losses in 6 out of 7 years. Even in Japan only 4 out of 43 models were profitable.

In 1999 Carlos Ghosn was appointed to turn them around. He found many causes of their decline, some of which were financial and cultural, which he fixed, but one in particular was causing the decline in their cars’ popularity – they were unatractively designed and badly marketed. One of Ghosn’s initiatives was to restructure their teams. Previously their teams involved separate design, production, marketing and sales teams, and they didn’t talk to each other. In fact several were in separate facilities in different cities. Even though the production team realised the designs they were getting would cost too much to manufacture, they didn’t say anything. Even though the marketing team realised the designs being produced were unattractive to their market, they didn’t say anything. Even though the sales team knew what the market would value the cars at which was below cost, they didn’t say anything. Each team did their job.

Ghosn’s restructure saw representatives of each sub-team form project teams on each model, and allowed information and feedback to flow. This caused new designs, better production values, and better marketing campaigns.

By 2002 Nissan returned to profit and have remained profitable and a leading car manufacturer since.

3. The environment encourages mutual trust

Good teams celebrate team wins, not individual achievements. The way they work involves handing over the task from process to process, trusting the next person to do their job at the same level of quality and commitment. The work process becomes like a human chain of water buckets being passed to the fire – if any one person splashes too much water out of the bucket, there’s less at the end to chuck at the fire.

In the 1980’s Hewlett-Packard or HP was an extremely successful company and its success continues today (with some challenges). It was famous for espousing “The HP Way” which described their vision and values. Founder Bill Hewlett described the reason for their productivity:-

“The dignity and worth of the individual is a very important part of the HP Way…many years ago we did away with time clocks…we introduced flexible work hours. Again this is meant to be an expression of trust and confidence in people. I could cite other examples, but the problem is none by themselves really catches the essence of what the HP Way is all about. You can’t describe it in numbers and statistics. In the last analysis it is a spirit, a point of view. There is a feeling that everyone is part of a team, and that team is HP.”

4. It takes both leadership and management

Leadership is about making sure people do the right thing, management is about doing things right.

It takes both to build a good team.

Leadership sets the values and culture – the way we do things here – and management creates the processes and procedures to get it done on time and right.

Under critical scrutiny it could be said that Ernest Shackleton’s expedition to cross Antarctica in 1915 was a failure. Their ship, The Endeavour was trapped in frozen water off the coast of Antarctica at the very beginning of their expedition, eventually sank trapping the crew on the ice, and only after several attempts did they manage to send a party to South Georgia island 800 miles away to deliver a message that led to their rescue.

Yet beneath those bare facts, Shackleton led 28 shipwrecked men in dangerous conditions over 20 months without any death or serious injury, and eventually caused their rescue.

After 16 months on the ice, after having survived a winter in Antarctica with meagre supplies, met a near-mutiny, and moved the men off the ice to Elephant Island over rough seas, Shackleton decided to launch a small party in a boat to sail to South Georgia Island 800 miles away. Up to this point, having kept his men’s morale up, instilled discipline and giving them hope, his men had already written in their diaries “I could not fail to admire the calm poise that disguised his anxiety…I realised the loneliness and penalty of leadership”, and “his unfailing cheeriness means a lot to a band of disappointed explorers like ourselves…he is one of the greatest optimists living.”

Now leading a small party of men in the lifeboat the James Caird, he turned to management. He took time to choose his companions for their usefulness (carpenter and sailing ability, physical strength, navigational skill, indomitable character), split the rations between the party staying and his boat calculating amounts required to keep both alive, and issuing instructions with timelines to the remaining party.

As required, he showed the characteristics of good leadership providing the men with an optimistic vision, leading by example, allowing the flow of good and bad information, and planning routes of best escape. When required he displayed management ability by organising human resources and supplies, negotiating near-mutineers, and project planning.

In August 1916 he returned with another ship to rescue the stay-behind party.

 

So when you get to work, look around you, or look at your projects board, to see who’s working in your team or which outsourcer is working on your projects. Ask if you and these people form a good team? Are you leading and managing as required in each situation? Is there mutual trust that they know what you need and you know what they can do? Is there enough communication and information flow? What happens when things go wrong?

Work on these things and you’ll find that things just “flow” – and, it’s a lot more fun!

I know, when you are in business a lot of these things catch up with you, you just don’t have enough time to think about teamwork as well as sales, and don’t forget the the taxes! Well I’m here to tell you that there are systems and procedures and templates that you can use to model each of these business issues that are combining to overwhelm you. Why not join the hundreds of entrepreneurs and small business owners who are finding these systems and models, just click here.

And, get over to teikoh.com to see all the free resources to help you formulate strategy, provide leadership, and grow your business.

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