Year: 2018

Be Careful What You Give Away for Free

Many business owners feel pressure to give their time away for free. Free consultations, free demonstrations, etc.

But giving your time away for free can undermine the brand you’re trying to build. Instead, focus on building a premium brand so that you attract clients and customers who are willing to pay you for your time.

Want more marketing tips? Click here to sign-up for our exclusive Weekly Marketing Hotsheet. It’s packed with tips and ideas to take your marketing to the next level.

Three Tools to Create More Referrals

As discussed in our previous blog entry, in order to create referrals, you have to create top-of-mind awareness with your network.

That’s why even top brands like Coca-Cola spend billions of dollars in advertising for this purpose. Here are three tools you can use to make this happen in your business.

Referral Tool #1 – Your Email Newsletter.

Every business should have an email newsletter sent monthly if not more frequently. This is an easy, effective, and completely scalable way to stay in touch with your entire network – your clients & customers, past customers, referral sources, prospective clients, and more. Think of your e-newsletter as a way to keep people engaged for months or even years after your initial conversations. At Spotlight Branding, we regularly sign up new clients who we originally spoke to years ago. When we ask them how they heard about us, they say something like “I visited your website a few years ago and I’ve been getting your email newsletter ever since. And now I’m ready to work with you.” It happens all the time. I think of our email newsletter as a fishing hook – once someone takes the bait, sooner or later we’re going to reel them in.

But there’s a big caveat. If your email communications are boring or spammy, your recipients are going to unsubscribe or stop paying attention. So the key to an effective email newsletter is to make it interesting enough to your audience that they stay engaged. And the best way to do that is to pack it with valuable and practical information that they can use to improve their lives while at the same time reminding them of what you do and why it’s so important. So, at Spotlight Branding, we fill our weekly newsletter with practical marketing tips and strategies for lawyers. Our goal is to make our newsletter such a helpful resource that lawyers look forward to getting it each week. As long as that’s the case, sooner or later, many of them are going to consider hiring us. Even if they don’t, they may well refer other lawyers to us.

An email newsletter is one of the simplest, easiest, and most cost-effective marketing tools available, and every business should have one.

Referral Tool #2 – Social Media.

Whereas an email newsletter is a more robust type of communication, social media is ideal for creating a higher volume of very brief interactions. These types of interactions are valuable – research shows that it often takes between 5 and 9 engagements with a brand before a consumer will make a purchase. Social media allows you to create those brief engagements very efficiently.

But you can’t be self-promotional if you want to build an engaged following. The key to building an audience is to provide value for your followers – share content that is practical, educational, and engaging. When your social media channels become a source of legitimately helpful information for your target market, you’re going to be successful.

I recommend that every business have a presence on Facebook and Twitter. If you market to professionals, you should have a presence on LinkedIn as well. (But don’t discount Facebook, even if your audience is primarily professionals. They’re active on Facebook as well, and at Spotlight Branding we’ve had more success reaching lawyers on Facebook than on LinkedIn.) Instagram is a great channel as well, but since it’s a visual platform, it requires a bit more creativity. Channels like SnapChat, Pinterest, and others can also be valuable, depending on your market.

The bottom line is that social media is a great tool for creating and maintaining top-of-mind awareness, which leads directly to referrals. Make sure you’re taking full advantage.

Referral Tool #3 – Your Print Newsletter.

A monthly paper newsletter – printed and mailed – is a great tool for top-of-mind awareness. Some people think that, because of the explosion of digital marketing, that there is no longer a place for “old fashioned” mail. This hasn’t been my experience. In fact, as digital marketing has grown, physical mail has worked increasingly well for my business and for many other business owners that I’ve consulted with.

In fact, I think the explosion of digital communications has created a bit of a backlash – many people now crave and enjoy the simple experience of holding a letter or a book in their hand and reading it. I know I do – at my home and at the office, I have stacks of paper newsletters that I enjoy reading and highlighting.

So if you can put together a monthly newsletter that provides value to your audience, it’s a great way to stay in touch. The same concepts that apply to an email newsletter apply here – make the focus of your newsletter providing practical, actionable information that will help your readers improve their lives or their business.

Of course, print mailings have one significant disadvantage as compared to digital marketing – cost. It can be expensive to print and mail thousands of pieces per month! So a few recommendations – first, work with a print shop that you trust.  I suggest going simple and low-cost – you still need to appear professional and stay consistent with your brand, but there’s no reason to go overboard with the design or the printed materials. Second, because a print newsletter campaign can be expensive, it’s important to closely track your results. Use a dedicated tracking phone number on your newsletter, so that you know when you’re getting phone calls as a result of the newsletter.

Want more marketing tipgs? Click here to sign-up for our exclusive Weekly Marketing Hotsheet. It’s packed with tips and ideas to help you generate more referrals and take your marketing to the next level.

Don’t Let Google Turn You Into a Commodity

As a business, you’re in a constant battle to present yourself as a premium brand rather than a commodity. In this episode I have some thoughts on how to win that battle and build a premium brand for your business.

Want more marketing tips? Click here to sign-up for our exclusive Weekly Marketing Hotsheet. It’s packed with tips and ideas to take your marketing to the next level.

How Well Do You Know Your Clients?

Have you taken the time to clearly define your ideal clients and customers? In this episode I walk you through how to make this happen.

Be sure to download my Ideal Client Checklist!

The Two Key Ingredients of Referral Generation

Earlier this month we talked about why referrals are the best way for most businesses to grow. Today we’ll dive in a little deeper in order to help you generate more referrals for your business.

There are two main ingredients present in every referral – understanding, and awareness.

Understanding. In order to make a referral, the referral source needs to know what you do and who you help. That’s why it’s so important that you can communicate these thoughts effectively. If someone doesn’t understand what you do, or doesn’t know who you can help, there’s no way that they can recognize an opportunity for a referral. Check out this blog entry if you need more help sharpening your message.

Top-of-mind Awareness. Referral opportunities generally have a short window. If the referral doesn’t happen within that window, the potential customer will find somebody else and the opportunity will be lost. So it’s vital that your referral sources recognize the opportunity and connect the dots immediately. That’s why top-of-mind awareness matters. You need to carve out valuable real estate in the minds of your referral network so that they think of you when the opportunity presents itself.

Most business owners think that they’re doing a good job in this area. But that’s because they underestimate just how difficult it is to maintain this awareness. People are incredibly busy. We’re all over-stimulated. Social media, text messaging, breaking news, constant notifications from our smartphones – we’re all busy and distracted, daily. Psychologists estimate that the average human brain processes somewhere between 10,000 – and 50,000 distinct thoughts every single day. So, unfortunately, it’s very easy for potential referral sources to forget that you exist.  

It’s simply not good enough to make a great first impression on somebody. Give them enough time, and I can guarantee that they’re going to forget about you. The good news is that there are strategies and tools that you can use to overcome this challenge.

Educate, Re-Educate, and Remind

In a nutshell, that’s your challenge. That’s how you create reliable, consistent referral sources. Educate, re-educate, and remind.

Educate them. Explain to them what you do, how you make people’s lives better, and who you serve. And you let them know what a good referral opportunity looks like. For example, a good referral for a generic real estate agent is someone who is looking to buy or sell their home. But if you’re building a brand as a high-end agent, or if you focus on a specific part of town, then a good referral is somebody looking to buy or sell a million-dollar home, or a home in that specific neighborhood.

You re-educate them. People are busy. They’re distracted. They’re forgetful. So it’s up to you to proactively continue to explain what you do and who you help. They will forget if you let them!

You remind them. In addition to educating and re-educating, an important part of your referral system is simply reminding your referral network that you exist, that you’re still out there doing great work, and that they should continue to send referrals your way. You can’t depend on people to remember you. You have to continually remind them that you exist.

If this sounds like overkill, consider Coca-Cola. Coke is among the most recognizable brands in the world. In the United States, they have near-perfect market saturation. There are very few adults in the country that haven’t heard of Coca-Cola.

And yet… Coke spends over $500 million per year on advertising in the United States.

Why? Because they understand that maintaining top-of-mind awareness is a constant battle. They’re not introducing consumers to Coke when they advertise – they’re reminding them how much they love it. In hopes that, the next time the consumer visits the grocery store, a little voice in his head will prompt him to visit the soda aisle and grab a 12-pack.

If Coca-Cola, a brand that is literally recognized by 94% of the world’s population, spends billions per year in advertising to maintain top-of-mind awareness… don’t you think there’s a lesson for you and your business?

Now, you don’t have the advertising budget that Coca-Cola has. But you don’t need a huge budget to create awareness and drive referrals. Stay tuned for a handful of practical strategies to make this happen. 

Or, better yet, click here to sign-up for our exclusive Weekly Marketing Hotsheet. It’s packed with tips and ideas to help you generate more referrals and take your marketing to the next level.

Action Tip: Put Your Marketing Time in Your Calendar

Ideas are meaningless until you act on them. But how can you make time in your busy workday to work on your marketing? In this episode I’ll tell you how to make it happen!

S1E10 – Creating Your Brand Plan

Today we wrap up our season-long focus on branding. In order to help you turn information into action, in this episode I’ll walk you through a simple “brand plan” worksheet that you can use to build out your brand strategy.

CLICK HERE TO DOWNLOAD THE WORKSHEET.

5 Minute Friday: What’s Your ‘Why?’

You can’t fake passion – at least not for very long. But running a business can be a grind, and it’s easy to get burned out. As the leader of your business, you have to find a way to recapture the passion and get fired up about your business again. This episode will help.

Action Tip: Use Instagram to Communicate Your Company Culture

Instagram is the perfect platform to let your audience “behind the scenes.” It’s a great way to humanize your brand, show off your team, and share your company culture. Listen in and learn how to make it happen!