Monday, April 18, 2016

Business and friendships

If you could own an audience, to the point where they would listen to every word you said, and then acted on your words, what would that be worth?

Is it better to talk to more people screaming from he mountaintops hoping that someone will give a shit enough to listen? Or is it better to have a few friends who like you, respect you enough to listen, and honest enough to not talk behind your back?

Business has lost its way.

Despite what you think, a business does not have to be all things to all people.  It has to be all things to the "right" people.

It is the job of your marketing team to find the "right" people.

Jesus Christ wasn't able to convince all the people.
Why would business people think they can?

Let's paint a picture.

You own a jewelry store and you want to sell 1 more diamond engagement ring each week.

Typically, a smart marketing person would ask questions like,
"Who's the target audience"
"What's your budget"
"Where does the target audience hang-out"

Then, they would market to the target audience screaming from the mountain top hoping someone will listen in their busy lives.

Most won't hear the message.
Some will hear it and not care.
Some will hear it, and consider your product while they shop the best deal, which may not be with you.
Almost no one will buy from you without price shopping first. You haven't earned their respect.

All you got was their attention.

Sustainable business is based on small friendships.

We don't find friends by yelling at them.
We don't find friends by talking to as many people as possible.

Friendship isn't a numbers game. And neither is good marketing.

There are fundamental rules for a friendship to work.
1. We have to want to be around each other.
2. We need to trust each other.
3. We want to help the other person without asking anything in return.

Businesses have forgotten the rules of friendship.
Most businesses want only one thing - money from its customers. And in exchange they offer a product or service.

We call that a transaction.
Not a friendship.

The first time a "target customer" hears a commercial, there has to be a connection in the message. No likeable message, no potential friendship.  As the target continues to hear the ad,  increases in likeability leans toward respect.

Respect is trust's mirror image.

Trust builds confidence and pushes action. When the "target customer" decides to interact with the brand and gets the same experience the ad made him feel, he will buy.

The purchase decision was already made through the emotions the ad created. The experience at the business reinforces the emotion.

Business isn't a numbers game. Let your message hang out with potential customers. Some will hate what you have to say. Some will love it. Let the ones who love it enter your friendship circle. Tell stories. Listen.

Don't yell or brag. In other words, don't be an asshole. Being an asshole attracts other assholes. Assholes aren't good for business unless you sell toilet paper.

With time, there will be new, cool, people hanging out in your business, wanting to buy from you.

Marketing is easy.
Good marketing is hard.

How many friends has your business made recently?



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