The Internet and Niche Marketing

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Internet marketing breaks many of the rules that govern traditional bricks and mortar businesses. For example, in most of those businesses, the goal is to appeal to as many people as possible – to cast a broad net. In some network marketing businesses, even, affiliates learn to consider anyone within arm’s reach as a potential customer. Fast food joints are the perfect example – side by side with greasy, salty fries, you’ll find skim milk, fruit cup, and salads. The aim is to please everyone.

Guerilla Publicity, by Mark Bove’

Audio Blogcasts by Mark Bove, Guerrilla Marketing No Comments »
 

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In this Audio post, you will learn:

1) How planning and persistence not a big budget are the keys to getting publicity for yourself and your business;

2) How to get coverage by understanding what the media loves and hates, and

3) How to make the most of your communication tools, including e-mail and press kits.

The Irresistable Offer – How to Sell Your Product or Service in 3 Seconds or Less, by Mark Bove’

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In this Audio blogcast, you will learn:

1) Why The Irresistible Offer gets into a prospects mind and closes the deal within three seconds;

2) How to construct an irresistible offer in three easy steps; and

3) How to use the irresistible offer to increase your bottom line.

Facebook – Growing your business, by Mark Bove’

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Facebook. You have heard about it by now, whether from your teenager or a friend, or lately you’ve read about it in the business section. If you think that Facebook is just a Web site for high school and college kids to share funny pictures and stories, you are dead wrong. Facebook has already become one of the most popular social networking sites in the world, with some 50 million users today and that number has been doubling every six months.

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blogging for business and credibility, by Mark Bove’

Audio Blogcasts by Mark Bove, Guerrilla Marketing 1 Comment »
 

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How do you start from scratch yet create a top-ranked marketing blog in a year or less? What 1 year of blogging has done for my business and what it can do for YOU!

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Don’t Get Lost In Translation: How Email Miscommunications Can Lose Sales, by Mark Bove’

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“Are you capable of handling this?”

What? Did he just insult my abilities? Does he think I’m some fly-by-night hack? Your fingers start flying as you type your response. Smoke is practically coming from the keyboard.

Of course, there’s another way of interpreting that question – as an honest inquiry. The customer would like to work with you, but has to be sure you can meet his needs. No subtle dig intended.

Email miscommunication = lost sales

You’ve just witnessed a classic email miscommunication. Misinterpreting an email message, particularly when from a customer, can cost you a sale. It’s crucial that you understand how and why these misunderstandings occur so you can do your best to avoid them.

In the age of the Internet, even owners of brick-and-mortar businesses communicate with customers primarily via email. The strength of your personal relationship with that customer depends heavily on the written word.

“A first step toward improving accuracy in emails is to recognize the possibility that we are fallible as both email senders and receivers,” Kristin Byron, assistant professor of management in the Whitman School of Management at Syracuse University, reminds us.

Flaming

In the world of electronic communications, responding with instantaneous anger (with a bit of venom peppered in for good measure) is known as “flaming.” If that potential sale was a building, it’s now burning to the ground.

The fact that this phenomenon has its own name says a lot. Level-headed people, never quick to anger in their daily lives, can get downright mean in no time at all. It shows us that there is, and maybe always will be, a primal, knee-jerk reaction-provoking element in email communication that we need to acknowledge.

The root causes of email miscommunication

  • Nonverbal cues, such as facial expressions and body language, are entirely absent from email communications. Yet, those are some of the most important elements of a conversation. Without nonverbal cues to help us interpret the words in front of us, we have to fill in the intended tone for ourselves. Unfortunately, human nature starts to rear its often defensive head and we easily assume the worst.
  • Brevity is another problem. People like to keep their emails short and to the point. However, a one or two word response can come across as curt. In our informal, day-to-day email communications we include “emoticons” to clarify our tone and meaning. The typographical smiley face is practically a universally recognizable symbol: We also stick in little stage cues like <grin> to indicate that we’re being friendly and playful. Alas, until Fortune 500 companies pave the way by inserting smiley faces replete with arms, legs and goofy grins into their emails, we’ll have to rely on common sense and careful wording.
  • Another issue is the perception that written words are chosen more carefully than spoken ones. But, in common practice, we know that’s not quite accurate. Most of us are email junkies, and we respond to each other’s messages so quickly that it takes on the rate of regular conversation. As a result, we type without thinking, and what we say can come out all wrong.

With speech, we can catch ourselves with a “Whoa…that came out wrong. I’m sorry.” If we’ve said something potentially offensive in an email, we sometimes don’t know it until it’s too late. The big problem? The customer has it down in writing to read over and over again, getting angrier each time.

No more misunderstandings

There are a few simple steps you can follow to reduce the potential for misunderstandings in email conversations. The extra time it takes will be well worth it when you never lose another sale to miscommunication.

1.Reply in complete sentences, and include a salutation and a friendly closing line.

2.Read the email out loud before you send it. “People often think the tone or emotion in their messages is obvious because they ‘hear’ the tone they intend in their head as they write,” says psychologist Nicholas Epley of the University of Chicago.

3.Use descriptive, non-emotional subject lines. An emotional or subjective subject line can set the wrong tone before the email is even read.

4.Never write in all caps – it’s the email equivalent of shouting. In some situations, underlining, bolding or writing in a red font can convey anger, too.

5.Opt for a phone call or face-to-face meeting if you have to touch on issues that are personal or emotional.

Give ‘em the benefit of the doubt

When something a customer says in an email rubs you the wrong way, you have two choices. You can assume the worst and let the flames begin, or you can give the customer the benefit of the doubt. In the vast majority of cases, the writer truly didn’t mean to offend or insult. Let it slide.

Read carefully but not too closely

“How about actually reading my email before you respond!” Infamous last words of a dying customer relationship. We tend to just scan emails, which opens the door for overlooking an important piece of information. Take the time to read every word. When we scan and “fill in the blanks” with assumptions, we risk a breakdown in communication.

Remember, though, you’re walking a thin line. If you scrutinize and overanalyze an email, you can start to read too much into it. Leave the dissection to high school biology students.

In the end, perhaps we’d all do well to remember the wise words of Dr. Laurence J. Peter, educator and founder of the Peter Principle, “Speak when you are angry – and you’ll make the best speech you’ll ever regret.”

Strategy, by Mark Bove’

Audio Blogcasts by Mark Bove No Comments »
 

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In this audio post you will learn:

1. How to design and implement successful strategy;

2. Why strategic initiatives require the support of every employee and manager; and

3. How to use careful monitoring to ensure the correct execution of your business strategy.

Know Thy Customers

Entrepreneurial Misc No Comments »

Customers buy products for three main reasons: status, price and function. To sell tothem, determine which of these is motivating them. For example, drivers buy Michelintires for a variety of reasons: They are safety-conscious; they like the brand; they are impressed by the tires’ long life; the tires fit their self-image. Don’t assume you already know why customers buy your product.Ask them such questions as:• How do you make purchasing decisions?

• Are your decisions impulsive or deliberate?

• Do you shop around?

• Do you buy direct or from catalogues?

Segment your customers to gain a clear marketing focus. For example, categorize your buyers according to how they use your product. Boat owners, for example, may use their boats to fish, cruise, entertain or spend time with their families. Each function requires a different message and strategy. Self-image is so important to most people that it can dictate what they buy. Teenagers who buy clothing, for example, may identify themselves as either preppy or punk. The two groups have different musical tastes, subscribe to different magazines and respond to different messages. People from every background, lifestyle and age group do the same reinforcing your identity by choosing certain products is not just a teenage tendency.

The creators of the The Blair Witch Project, an independent film shot on a low budget,knew that their horror-movie customers enjoyed being scared – so they focused on function. When the film debuted at a festival, promoters plastered “missing persons” signs around town to generate curiosity about what happened to the protagonists. They opened the film in small theaters, where it quickly sold out, and they spread rumors that it was too scary for normal theatrical distribution. This created more buzz. Theaters reported earning as much as $56,000 per screen, compared to the $10,000 to $12,000 per screen they earned on mainstream blockbusters. Because its creators understood its customers so well, The Blair Witch Project became one of the most profitable moviesever made. Customers fall into these four types:1. Those who buy the best products they can afford.

2. Those who compare product features and the price.

3. Those who focus on price alone.

4. Those who hang onto everything and buy as few new items as possible.

Recomended reading – for more information on this subject:

(book) Streetwise Marketing Plan

by Don Debelak