8. June 2010 by Frank Goad.

They go at a bit of a premium over most other felt-tipped pens, but they’re selling well. I’ve seen their display pegs in stores empty many times. Why? I’m convinced it’s the brand more than the pen. Don’t get me wrong – I like them and think they’re worth the money.

The “creatives” I mentioned have had a long love affair with Sharpie permanent markers. Many use the permanent markers like the rest of us use any pen. Despite bleeding through pages, they faithfully keep one around. Is the rest of the world as enamored? Don’t know, but I do know artists who buy them by the box.

In a crowded market already filled with products that are just as good, and with many being cheaper, they jumped in and captured a healthy segment of pen sales, and THAT’S the power of branding.

The manufacturer has a good track record and has marketed the brand well. From collections of colors in varying point sizes to mini-markers for your key chain to highlighters, they’ve done great at imprinting a recognizable name on a variety of creatively conceived and well-made products.

Go to their website, (www.sharpie.com) and you’ll see special offers, news on their racing events, and art galleries of things folks have created with their markers. A cool one is a collection of mugs at a coffee shop all decorated with Sharpies. They’re doing the right things to keep the brand vibrant and continually build loyalty. Their website is fun and attractive to keep us coming back for new stuff. They even have a program to “upcycle” your used markers. 

Back to the Sharpie pen: First they introduced a black fine point version, then blue, then a pack with red, green, blue and black, and then a retractable Sharpie click pen. Now they’re introducing one with a metal cap that is close to half the body’s length and a grippy rubber “clutch” surface. One-by-one, they’ve introduced new product variations while emphasizing the brand’s art and doodling personality.

This demonstrates that customers own the brand because they:

• Play to their customer’s loyalties
• Understand how they use their products
• Engage them by exhibiting customer works
• Understand customer demographics, uses and feelings
• Create products based on expanding customer demands
• Continually find ways to promote the brand
• Most importantly, they never lose the playful attitude

They know what their customers like and channel their attitudes, perceptions and desires into products they’ll buy. If Sharpie wanted to attack the high end pen market that Mont Blanc, Waterman and Cartier occupy, credibility would take time in that prestige market, but they could do it.

Imagine this ad: A picture of a 24K gold Sharpie pen, cap on the end and the point exposed. It’s lying on a highly polished antique cherry desk replete with mother of pearl inlay. In the edges of the light are silver and gold accessories. The picture murmurs, “Rich people own this.” The pen lies on a glossy photo of a high-fashion model in an expensive Dior dress with the point aimed straight at the model’s face. Looking at the picture, we see … a mustache drawn on her lip. Whimsy, irreverence, luxury and doodling - they could pull it off.

They could blast into that territory with Waterman as a partner and have instant credibility. I think many folks would buy a prestige pen with Sharpie guts. You might say, “That’s like Rolex announcing, ‘We created a lower-cost line with Seiko movements.’” Sharpie has enough brand loyalty to make people giggle with delight every time they doodle a daisy during a stuffy meeting with a $100 pen; I don’t think Seiko has the same loyalty.

In the end, you must talk to your customers … a lot. Ask them simple questions like, “When you think of our store (company, etc.), what do you think of?” or, “What do you like best about us?” What products sell best? What gets the most inquiries and least returns?

Since they own your brand, find out what they think of it. Knowing that lets you serve up exactly what they want and create new products and services they’ll like, and that’s sharp business.

Posted in Branding, Frank Communications, Frank Goad, FrankyGee3, business relationships, relationships, Advertising, Frank, PR, The Long Tail, Marketing | Print | No Comments »

25. May 2010 by Frank Goad.

This post is about your 80/20 and something much more valuable in your life. Most of you know the old saw about 80% of your business coming from 20% of your customers or clients. This is about your having a larger, more loyal 20% and getting benefits worth far more than the coins they give you.

A Lexington millionaire I knew (who, despite being twenty years my senior, often kicked my butt on the racquetball court) said he became rich by spending an hour a day doing one thing: Calling his best customers regularly just to say “Hi.” He explained that, “People do business with folks they know, like and trust. Without building a relationship, they can’t know, like or trust you. It’s up to you to reach out to them. After all, the most popular people are the ones who go out of their way to be friendly. That’s why they’re popular - they make everyone else feel genuinely important.”

He said to avoid long calls to show respect for their time, and that leaving a message just to say “Hello” was often just as beneficial. After you’ve called a few times, they’ll welcome your call because they’ll know you only want to check in. Some will look forward to the call the way we look forward to a birthday card (and you can collect birth dates, too, as you call).

Creating friendships is a natural part of business that is often overlooked. Regularly reaching out as a friend to the people who are your best customers benefits both sides of the equation; it’s about win-win, so show the 20% some love. You don’t have to send gifts, just call to say “Hi,” ask about their family and so on. The more you do this the better you know them, and you’ll become familiar with folks you never expected to become friends with. For those folks who aren’t in your 20%, maybe it’s because they have no reason to think of you; call and give them one.

To be effective and to show folks you are genuinely interested in them requires consistency. One method to keep on track with this year-after-year is to take your address book (physical or electronic) and create a spreadsheet with everyone on it. Then divide them up into twelve groups to call in twelve months. Call them some time that month, but don’t wait ’til month’s end because most folks are busy then. Better still, call at least twice a year.

What to say when you call? Tell them about something cool that’s coming up before anyone else knows. Ask how you can help without asking for a sale, or call about an event they might be interested in (a charity fun run/walk, a bake sale, a Big Lebowski bowling event, etc.). Maybe asking for an opinion (vs. professional advice) on something you’re involved with outside their specialty; this avoids looking like you’re trying to poach free service. Maybe you meet for coffee or rendezvous at a meeting or event. Whatever works for you.

You can keep it strictly to business, too. Check on their account or orders or whatever as a pretense to call. Or, call and explain that you do this occasionally just to see how your business is doing in their eyes (you should do that in any case). If they haven’t ordered in awhile, calling just to say “Hi” is even more important. Sure, Facebook is cool and easy, but one-to-one contact between two humans is much more powerful than a poke or a wall post. Do this in addition to social media to multiply its effect and bridge the time between calls.

If you do this year-in and year-out, you’ll get a lot more than sales. You’ll get the satisfaction of helping someone else and the one thing that makes life its richest: Friends.

Posted in business relationships, relationships, business, building business, Frank Communications, FrankyGee3, Frank Goad, business plan, "The Frankifesto", blessings, Advertising, Frank, PR, The Long Tail, Public relations, welcome | Print | No Comments »

24. May 2010 by Frank Goad.

If you are in business for yourself or own a business, you have to be promoting yourself all the time. There is increasing competition for an ever-shrinking pool of business. It’s tougher today than a decade ago if for no other reason than advertising and marketing is so fractured. As I’ve written before, these days, it comes down to time or money. That is, if you don’t have the money to do a big, sustained advertising campaign, then you have to invest the time to do it yourself.

Advertising today is a lot like megaphones:
• If you have a lot of money, you can buy a PA system and hire someone to run it for you. You can even hire someone to do the talking.
• If you have some money you can buy a large electronic megaphone that even has a horn or siren to get folks attention.
• If you don’t have any budget, you pick up the nearest thing that looks like a cheerleader’s megaphone and start running around and yelling. Hello Facebook, blogs, meetings, etc.

Most of us fall into category two or three. That means we have to find publicity wherever we can. Want to get some attention from the media and burnish your reputation? Do something for the community. Don’t just run out and have a bake sale - have a cause you believe in first. In this day and time, many agencies are going wanting due to thin budgets and thinner staffs and will welcome any help they can get.

No, this isn’t some cynical operation that you do because it’s good for business – you do it because people need help. Still, the glow from a charitable act will net you good will and you’ll make some new friends. Friends are about the most important asset for any business. Beyond that, will it make a lasting difference in one person’s life? Yes? Then that’s all you need to know.

Pick something you feel strongly about like cancer, autism, the environment, education, the arts, women’s rights, animal welfare, inner-city programs, youth in music (one of my favorites) or whatever pulls strongly at your heart. Write a mission statement that says what you want from the event, why you’re doing it, who it will help and how much you think it might help and how. Update the mission statement often as you’ll find new things as you go along – the ending will likely be different and better than you planned.

From this planning, you’ll have an idea of what you can raise or do for the event. Is the goal to raise money? Raise awareness? Get material or goods (e.g., pet food for the Humane Society)? The sponsoring agency will give you guidance as to what is most helpful. Plug this into your mission statement.

Once you’ve written down your goals and plans, then go to an organization who is usually attached to these causes (if there is one), share what you’ve written and see what kind of help they’ll give you. Try to find a co-sponsor who’ll help, too, before you go; many hands make for light(er) work.

Next, plan your event and pick a theme. Get help and figure what it’s going to cost, where to have it, etc. This is where an event planner comes in handy. You’ll have to think about everything from sanitation to seltzer water. Whatever the event, you’ll likely need at least a few months to plan and execute.

What event should you plan? That’s up to you and your planner. Stage a fishing or golf tournament, a picnic or barbecue, a pool party, cookware event, a gourmet hors d’oeuvres party, a wine tasting - something that helps folks walk away happy (and not just because of the wine). Since it will likely start with friends, you know what they like, so plan something you’re familiar with and it will be easier for you.

Then, build your list of people to invite and determine how many you realistically think will come. If you’re not sure, call a bunch of friends and ask them to see if they’d be interested. You might get a volunteer or two calling their friends. Check with the organization you’re doing it for as they’ll likely have an idea, too. If all your friends invite their friends, and their friends invite only half their friends, that could be a good number.

Then go back to your mission statement and use that to create your publicity plans and your press releases. It will inform everything and everyone about why you’re embarking on this madness. Try to find one person in the media (reporter, DJ, public relations agent, etc.) and get their advice and names of helpful folks. The agency you spoke with can usually help you with that.

After that, when you’re about three months out, send press releases out to all the media you can think of and follow up regularly with with new items (don’t rehash the old - make it new). Again, work with the sponsoring agency (if there is one involved) and get help on publicity from them - they might be able to  accomplish many times what you can. Keep calling and get help arranging for any publicity you can find. There’s no shame in attaching your company’s name and your co-sponsor’s to this whole thing. (Alltech has their name all over WEG, and rightfully so, thank you Dr. Lyons.)

This is just a snapshot and, realistically, doing any public event is tough. It doesn’t have to be something with thousands of folks. Sometimes small events with a unique or outrageous flavor get more attention - be creative.

If you handle it well the rewards you’ll feel as an individual will be huge (food for the soul), the benefit to the community will be greater and, who knows, you could start an annual event that becomes legendary. You’ve heard of the Kentucky Derby, right?

Want some more ideas? Need help with marketing or advertising? Call me or use the contact form at the bottom of the page at the Frank Communications website.

Posted in delight, Success, Character, Branding, creativity, Frank Communications, Social Media, FrankyGee3, Frank Goad, building business, business relationships, PR, Frank, blessings, responsibilities, Public relations, "The Frankifesto", relationships, business, business plan, Marketing | Print | 1 Comment »