Do It! Marketing Blog: Marketing for Smart People™

"We often talk about ourselves as if we have permanent genetic flaws that can never be altered."
-- Marshall Goldsmith

This snippet from America's preeminent executive coach (and founding director of the Alliance for Strategic Leadership) speaks volumes about where most people are today, and where they COULD BE.

My wife was on the phone a while back with a friend who runs a video production business. She asked him, "So, Ron - do YOU have the sales gene?" Turns out that neither one of them believed they had "the sales gene." Problem is, HE was in sales and my wife wasn't!

Guess how robust his sales are?

Exactly.

Although I'm a marketing speaker and not a sales trainer, I can tell you that this mindset WILL hurt your bottom line.  

And the term "gene" - as in the creativity gene, the leadership gene, the money-making gene, the happiness gene - is as FLEETING in reality as it sounds BIOLOGICALLY PERMANENT when we talk about it!

Thomas Watson, Jr. of IBM weighed in on this issue when talking about excellence (or the 'excellence gene' as we might call it in this context):

"If you want to achieve excellence, you can get there today. As of this second, quit doing less-than-excellent work."

Try this version on for size: If you want to achieve X (sales, dating, marketing, whatever), as of this second, start believing that you DO possess that gene -- and then ACT on that fact!

As a marketing speaker and marketing coach to other professional speakers, CEOs, and business owners - and certainly from my own experience - I can safely say that too often, we get caught up in trying to get everything just perfect.

While you are working on “perfect,” someone else with “just okay” is raking in all the money. 

Face it - Reading the next book, attending the next seminar, or trying the latest software alone will do nothing for you. This is the classic "Ready, Aim, Aim, and Aim" syndrome. Always aiming and never pulling the trigger.

The key lies in taking action. I would like to invite you to try a technique suggested by my colleague Michael Masterson—the Ready, Fire, Aim technique. Do something; even if it is wrong, go ahead take the shot -- screw up.

At the very least, you are moving in the right direction.Fellow speaker and prosperity guru Joe Vitale says, “Money loves speed” those who take the swiftest action make the most amount of money.

Go ahead -- DO IT, and once you're moving, then worry about making it perfect.

Let's take the specific context of internet marketing as an example. And we'll start with your e-zine or blog...

In its simplest form an e‐zine or blog is all about information. Give your reader the information he wants to read about, and he will reward you with his trust and eventually his money.

There are five phases for any Internet marketing entrepreneur. In phase one, you read and study Internet marketing, go to conferences, devour e‐books and courses. At this stage, you are thinking about internet marketing all the time, yet you are not actually in it yet—not actually doing it. You don’t have a list, product, or the infrastructure in place to do business online.

In phase two, you dip your toe in the water—developing a product and making a few sales. The income is not significant. Except now, the idea of making money online is no longer merely a dream, an idea in your head. It’s reality. Making your first few sales will energize you and propel you forward to phase three.

In phase three, you develop more products, build your e‐zine subscriber list, and start making a significant spare‐time income online. Maybe it’s a thousand dollars a month in sales. Maybe it’s a thousand dollars a week. It’s not enough to live on, yet. But the extra money allows you to buy nicer things and become more financially secure.

In phase four, you reach a point where your Internet business makes enough money for you to live on—enough for you to quit your job and leave the rat race behind forever. For some people, this might be $2,000 to $3,000 a week in net online revenues.

In phase five, you double or triple the size of your list, add more products make more deals, and start making hundreds of thousands of dollars a year, or even a million dollars or more. You become an Internet millionaire.

The problem is that the large majority of people who explore Internet marketing never get past phase one. They get addicted to reading “make money on the Internet” materials and attending conferences and tele‐seminars on the subject. But they never actually do something.

No matter what the marketing strategy, tactic, or business development effort - get going with baby step... RIGHT NOW.

You want an inbound link back to your blog or website? Great - leave a comment below with your reactions to the "Ready, Fire, Aim" technique - and you'll have DONE something to build your business. Do it!!!

How to collect even higher speaking fees by creating alliances with sponsors…

Can you believe that a perfectly simple, marvelous, easy-to- implement marketing idea can be largely ignored by the community of professional speakers?

Can you imagine having an organization with deep pockets of cash promoting your programs at their expense, building your name and fame in markets you want to penetrate?

Can you picture this cash-rich sponsor sending along a logistics person - on the speaking tour they’ve set up for you (Be still, my beating heart!) - to handle all the physical details like room set-up for you.

And, of course, you may as well fantasize your sponsor then doing all the advance publicity to be sure you address a packed house. Well, hold on to your hat because all the above is true. It’s real. It’s happening now for 2 speakers. They are-in alphabetical order-Michael Chatman and Barb Schwarz, CSP. This article is due to their generously revealing how they do it.

What is a sponsor:
A Sponsor is a group, a company, any cash-generating, profit- making entity that can benefit from exposure to your target market. Sponsors need you because they want to market to the same folks you target.

When you work together you create a triple win. The third winner is your target market.

If your target market is schools and their students, logical sponsors include retailers, wholesalers, manufacturers. They get their name and logo on your handouts. They get great PR. They are the good guys. Remember the firms that place soft drink, snack and candy machines in the schools, suppliers of uniforms for school athletic teams. Purveyors of the foods served in the school cafeteria.

I share these insights anecdotally. I do not pretend to have access to any wisdom beyond my own experience. What I say here is true for me. You alone can decide whether it is true for you. And this may not be all there is. It’s simply what I get here and now:

Photographers who do class pictures, school ring vendors. Every entity that makes money from providing equipment, supplies, consumables to the school. If you address sales professionals, cellular phone companies, computer companies, vendors of everything salespeople buy are potential sponsors.

If you speak to real estate agents, title companies, escrow companies, mortgage companies, etc., are appropriate sponsors.

In any industry or trade group that buys from a group of vendors, any member of that group-including vendors presently frozen out by trade custom or long-time habits-is a prospective sponsor of your programs.

Your sponsor, or sponsors, use funds from their advertising or promotion budgets, funds already committed to be spent somewhere, to advertise and promote attendance at your programs.

How do sponsors benefit from promoting you:
Exposure of their products and their company before the program starts through the publicity created by any of the interested parties.

Sponsor can do a Pre-program presentation. You can sometimes, depending on the venue, give Sponsor table top display space in the back of the room. Sometimes you can arrange for sponsor to have a booth. Sponsor name and logo may go on all printed materials, including any tickets, book covers, albums, bumper stickers, your letterhead.

In media interviews you always mention sponsor’s name. Sponsor’s representatives can sit down in front and you can introduce them during program. Sponsor’s customer goodwill and loyalty is enhanced. Sponsor may get more direct business because they sponsored you.

Is there to be signage at this program? Arrange that each sponsor have the exclusive sign for their type product. If sponsor markets a soft drink and refreshments are to be served, you arrange that sponsor is to have exclusive pourage rights with no other soft drink to be made available.

There may be $ generated from your product sales-and you need to agree up front whether you keep all this or whether you revenue-share with sponsor. You can create a database of attendees or of key influencers for later follow-up.

Professional speaker marketing tip

Most professional speakers, consultants, coaches, and solopreneurs have a hard time moving into a niche or declaring a specialty. Most want to attract as much business as possible, so they go for broad marketing across all topics, categories, and industries, trying to attract all audiences for all that they can offer.

If you fall into this trap, your marketing messages get spread so thin that soon, you’re spending more and more time, effort, and money on marketing and getting less and less return. Does this sound familiar?

The truth is that successful experts know who they are – they “move aside” and specialize in a niche. They focus more energy on marketing their “flagship” services to a very specific target market.

Why? Because – unlike Wal-Mart or Citibank, your business can’t be all things to all people. “Move Aside” is about finding your niche, and claiming your expertise in a narrow area of specialty. In plain English, this means you want to become the “Go-To Guy” or “Go-To Gal” for your specific audience – the exact opposite of a “jack-of-all-trades and master of none.”

Perhaps you want to be known as “the consulting firm that knows the insurance industry inside and out” or “the restaurant marketing coach” or “the manufacturing turnaround expert.”

Maybe you want to appeal to corporate executives with an elite image or appeal to family business owners with a homespun image.

The people you speak with will have a very different reaction to these two mental images of your products/services:

• “I think you might be a good fit...”
  
• “Finally! You are exactly who we’ve been looking for!”

Let me give you an example that will make this point very clearly.

In my hometown in suburban Philadelphia, there’s a real company that lists among its services “Carpet Removal, House Cleaning, Odd Jobs, Catering.”

Now, I don’t know about you, but when I want a caterer, I’m looking for someone who does professional catering all the time. I don’t want to have to worry about “Did they wash their hands after the carpet removal job and before serving the guests at my daughter’s wedding?”

In fact, even among “serious” catering companies (the ones that don’t do carpet removal) if I’m looking for a caterer for a wedding, I’ll probably be drawn to “Wedding Bells Catering” much more so than “Sam’s Catering” or “Good Eats Catering.” In today’s marketplace, specialists rule.

Create your own special niche. Developing a specialty can go a long way to attracting more substantial clients. Being known as the “experts” in a particular field gives you the opportunity to stand out from the crowd. This is the edge that will tend to draw prospective clients to you. The bottom line: more speaking gigs, more consulting offers, more coaching clients, more revenue, more referrals, and taken together, just a whole lot more fun in running your professional practice.

The fact is that the marketplace values clarity, focus, and direction.

Once you become known for being great at one thing, your company can spread its wings and start to attract more business across the board through a powerful “Halo effect.” If you get known over time for being great at one thing, in the future, people will begin to naturally assume you’re great in a variety of other ways, too. However, if you try to say you’re great at everything on Day 1, nobody will believe you!

The only way to know if this will work for your business is to try it! You’ll be pleased with the speed and magnitude of the results.

What do you think? What's YOUR success story with moving aside? Agree? Disagree? Please use the COMMENTS area below to jump into the conversation...

My advice for both emerging and experienced professional speakers is to "invest in the relationship" with meeting planners and conference producers. What do I mean by that and why is it important for your success?

Invest in the relationship with meeting planners means it’s not always about the money. Most good conference producers and meeting planners consider themselves in the speaker marketing business, the speaker visibility business, the speaker credibility business. When I spent a year working "on the other side of the desk," I was thrilled to work with some incredibly accomplished and successful speakers – CSP’s, CPAE’s – because they SAW that fact.

The company I worked with had 350,000 subscribers and sent out over 10 million emails a month. If you were one of my speakers, that’s the scope and scale of reach you got from us. Your topic, your credentials, your website. 700,000 eyeballs. Do the math. (And see my note at the end of this post if you'd like to get in on this yourself!)

Today, as a speaker marketing coach, many of my professional speaker clients ask me "How do I establish visibility and credibility with my target market?" THIS is precisely one of the best ways!!

Don’t get me wrong – our speakers got paid – but it was a lot less than you might get for a corporate keynote. I know that and you know that. Put your ego in the back seat for a minute. Be willing to invest in the relationship Because if you do a great job the first time, meeting planners and association executives are often in a position to…

a. Raise your base fee

b. Revenue share with you

c. Publish your articles in hardcopy publications, websites, and blogs

d. Publish and distribute your manuals, training guides and e-learning tools

e. Promote you any way they can

For example, I had speakers start doing audio conferences for $500, and then gradually, as the relationship evolved, move up to getting over $40,000 in royalties and revenue share in a single year from our various projects together. On the other hand, if as speakers we ask for all that up front, we won’t get it.

My advice to you at the beginning of any relationship with a meeting planner or event producer is Recognize the marketing/PR value, and let the relationship develop. To adapt a favorite saying, “Do what their audience loves and the money will follow.”

NOTE: You can find a whole lot more of these "information publishing companies" that produce audio conferences, webinars, live events, and niche hardcopy and online newsletters by visiting their professional association, the Specialty Information Publishers Association (SIPA). Perhaps one or more of these companies would make the perfect partner for YOU to expand your thought leadership platform - and get known, get booked, and get slightly famous!

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If you're an emerging or established professional speaker and it's time raise your marketing game, it's not too late to join the Speaker Profit Blueprint program...  everything has been recorded and transcribed for you and our live sessions continue through May 4, 2010. Contact me to see if joining this program might be a fit for your speaking/consulting/coaching business and your specific goals.

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