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Big Brand Advice for Small Business from Paul Smith, Consumer Research Dir of P&G

August 28, 2012 by Guest Author

by Paul Smith

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One of the luxuries afforded big brands at multi-national companies is their million-dollar consumer research budgets and large teams of trained researchers.

Leaders of smaller companies and startups also recognize the importance of understanding their consumer. They just don’t always have the resources to hire swarms of research experts or commission an endless string of expensive studies. If that describes you and your company, the post below from Procter & Gamble consumer research director Paul Smith offers some big-brand sized advice, for a small-company sized budget.

Big Brand Advice for Small Business from Paul Smith, Consumer Research Dir of P&G

One of the pitfalls of consumer research is that people aren’t always able to accurately portray what goes on in their own lives, or even explain their own behavior. As a result, researchers often use multiple ways to get at the same piece of information so they can triangulate on the truth. The story below is often told at research conferences as an example.

A breakfast food maker wanted to understand if and how moms were providing healthy breakfasts for their families. So they sent a survey to a dozen women asking about their morning routine. The general consensus was that their families were enjoying healthy meals in the morning. The company then followed up with each woman asking if they could come to their homes one morning to observe.

Arriving at the first home at 6:30am, company personnel find mom is downstairs already, dad is in the shower, and the kids are still asleep. True to her word, mom is in the kitchen preparing a healthy breakfast for her family. She then turns her attention to getting the kids up and dressed. The little one needs help brushing her teeth, and the bigger one needs help choosing clothes that match. As each child is finally ready for breakfast, mom releases them to the kitchen and turns to the next child and task. After the last one is ready, it’s mom’s turn to ready herself for the day.

As a result, most of the actual eating happens in an unsupervised rotation—except, of course, for the company observers. They see everything. They see children pick at their “healthy” breakfast before feeding the lion’s share to the family dog. They see dad race out of the house, grabbing only a cup of coffee and the muffin that was easy to throw in his briefcase. Mom, who’s late herself at this point, covers her dish with plastic and explains that she’ll eat hers at the office. The team leaves the house along with the family, thanks them for their help, and makes arrangements to follow up with a few questions later in the week.

During that follow up phone call, the company observers described to mom what they saw: the kids eating only half their breakfast, dad taking only coffee and a muffin, and her packing her meal to go. That wasn’t exactly what she said happened in the initial survey. Was mom surprised? “No, not really. The school has a breakfast program, and sometimes the kids eat there. And John was running late, otherwise he would have eaten at home. And I’m normally more on top of things myself. I never did eat what I packed, by the way. My eggs were cold and runny by the time I got to work.”

“How often,” they ask, “does that happen to at least one of you? In other words, how often is somebody leaving home without eating the healthy meal you’ve prepared?”

Mom thinks about the question for a moment, and then sheepishly admits that most days at least one of them is too busy or distracted to eat their breakfast. In fact, it’s rare that all four of them eat the full breakfast she’s prepared.

One Story, Two Deep Lessons

Our memories are often constructed after the fact to cause the least distress to our sensibilities and concept of who we are. That’s the first lesson in this story. The three-part technique described above is designed to uncover the true behavior and the reasons behind it.

  • First, ask the consumer what she does.
  • Second, observe what she does.
  • Third, discuss with her the difference between the two.

In this case, the breakfast food makers learned there was a real need for healthy breakfast food that appealed to kids’ taste, was already prepared, and was portable enough to be eaten in the car or at work. The plethora of on-the-go breakfast bars and drinks on the market today are a result of this kind of research.

But there’s a second lesson to learn here. Sometimes a single story can teach you more than a whole semester at business school. In this case it was about consumer research techniques. But it could have been about anything. Imagine how much less effective the lesson would have been if delivered textbook style instead of via a story. You probably wouldn’t have even gotten this far reading it.

Experience has always been the best teacher. But a good story is a close second. All other forms of communication leaders use at work—like email, policy memos, and PowerPoint slides—are a distant third. Master the art of storytelling, and you’ll be a far more effective leader no matter what line of work you’re in.

Author’s Bio:
Paul Smith writes about leadership and storytelling at Lead With a Story. He is the author of Lead with a Story: A Guide to Crafting Business Narratives that Captivate, Convince, and Inspire. You can find him on Twitter as @LeadWithAStory.

Filed Under: management, Marketing /Sales / Social Media, Successful Blog Tagged With: bc, consumer research, LinkedIn, marketing advice, P&G, Paul Smith, product research on a budget, small business, small business research

What to Know Before You Meet to Negotiate A Strategic Partnership

August 28, 2012 by Liz

Strategic Partnership Series

What Is a Strategic Partnership?

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When two business parties agree to build something they can build better together than they can build alone, you have a strategic partnership. The advantage of strategic partnerships is that partners can do more with fewer resources. Knowing ahead of time that you’re building the same basic product together means that some parts of it will serve both parties and won’t have be built twice.

Let’s say you are in Fashion and I’m in Fitness. We both have a core audience of recently graduated college students. We might decide to take the place where our Venn Diagram overlaps — Fitness Fashion — to offer a clothing line through your distribution and mine.


BigStock: Where the circles overlap we enjoy shared resources.

That shared “We” on the diagram points to the areas where we can lower costs and increase resources by working in partnership. With two teams working one clothing line or one fashion-fitness event, we’ll enjoy:

  • the ability to split costs and spread the work
  • a wider resource of experience and fresh ideas from another industry
  • a better chance to focus on what we’re good at — if you’re good at staging events and I’m great at marketing, we can specialize and give our best to the team.

A strategic partnership can be formed between any two parties who can align their goals to work together for mutual benefit. How to Identify the Highest Potential Strategic Partnerships tells what I’ve learned about how to identify the right partners. For the strongest partnerships, look for partners who share your values and philosophy of business but have different strengths and skill sets.

Don’t overlook partnerships with the folks in other departments, with your vendors, with potential customers and sponsors. Anyone whose goals align with yours can be a strategic partner. Small partnerships offer the same advantages a big ones and are sometimes easier to manage.

Once you’ve decided a strategic partnership is a good idea.
Do a little preparation before you try to negotiate one.

What Is Negotiation?

Let’s be clear on the question, What is negotiation?. The goal I set for initial strategic partnership meetings is a viable answer:

Negotiation is two parties to agree to a workable and positive outcome.

When you first meet with a potential strategic partner, you should know how you can help each other, but they may not even know you. Even if you do know the folks you’re meeting with, the idea of a partnership may be alien to their usual way of doing business. That means a discussion — a meeting. Few folks have longer than about an hour or so. That’s not much time for negotiating first impressions, new ideas, deals and relationships.

On my trip to London, I had to introduce myself and our business. I needed to make business deals and wanted to establish long-term business relationships. Most importantly, I hoped to start an international network — a collaborative effort — publishers working together to build our businesses in a way that no one publisher could have achieved alone.

What to Know Before You Negotiate Any Strategic Partnership

The best first impression and the best first meeting reflect and demonstrate how you the strategic partnership will work. If you want an open, honest, equal partnership based on mutual growth, structure a meeting that offers the best possibility of that outcome.

Strategic partnerships are relationships not transactions. A first meeting is more than just selling or “going fishing.” Relationships are established by building solid foundations.

Have a Goal, Have a Vision, and Articulate the Fit

  • Set a Realistic First Steps Goal. Great relationships take place in stages. A test case of a process establishes whether the communication has been effective. The first steps goal should be small, set in time, and easily measured.

    Time was tight. Urgency was high. The first goal was to identify, license, and bring back existing products that we could version and get to market quickly.

    In the example of fashion and fitness, it might be that I might ask you to put some of your fitness fashion in my fitness centers for distribution.

  • Have a Vision for the Relationship. Great partnerships collaborate to grow both businesses over a longer term. It’s important to know what the next stage will be.

    When I went to London, the ideal partnership would be with companies from whom we would first buy, and then collaboratively partner on products in the areas where we served similar customers (in non-competitive venues).

    In the fashion-fitness example, the future might be that we collaborate on an exclusive fashion line that is only offered in my fitness centers.

  • Articulate Why the Partnership Is a Good Fit. No partner wants to get the impression that you’re working with them by accident. It’s important to articulate why it’s them not just anyone. It’s important that potential partners in business (as in romance) know that we’re making an informed and conscious decision.

    On my London trip, I could point to products that fit the values of my audiences and how easily I could promote them with over 900,000 color catalogues to my market.

    In the fashion-fitness example, I might point to how our customer groups were the same people, how our companies shared the same values, and how well our skill sets complimented each others’ skill sets.

Preparation was a foundation to solid success of those 8 or 9 days of meetings and the resulting strategic partnerships. Having a goal, having a vision for the relationship and being able to articulate why this partner and not just anyone made it easier to keep the tables even when I walked in the door to discuss strategic partnerships with that would grow both of our businesses.

It started a chain of irresistible events.

Be irresistible.
–ME “Liz” Strauss

Watch for more on negotiating strategic partnerships.
Buy the Insider’s Guide to Online Conversation.

Filed Under: management, Marketing /Sales / Social Media, Successful Blog Tagged With: bc, how to negotiate, LinkedIn, negotiating, negotiations, small business, starting up a supply network, what is negotiation

Online Reputation: Fostering Relationships With Influential Bloggers

August 27, 2012 by Liz

h4> by
Alex Summers

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Relationships with the Right Bloggers

A blogger can make or break your business. With a few strokes of a keyboard, a blogger can either catapult your brand into the worldwide realm or sink it into oblivion. Having a relationship with the right blogger is key to keeping your business at the forefront of the positive chatter on the Web.

While many people tout the many benefits of search engine optimization when it comes to Internet marketing, not as much is discussed about managing your online reputation. Monitoring what is said online about your company by bloggers, commenters and forum posters is critical to your business success. All it takes is one negative review from a blogger to send your company’s good name spiraling down the path of no return.

Information moves at the speed of light on the web. By the time an event has aired on network television, the top bloggers have already picked up the story, dissected it, given their personal take on it and opened it up to comments. These bloggers can be your best friends if you manage your resources well and develop a good rapport with the key players in the blogosphere.

Online Reputation: Fostering Relationships With Influential Bloggers

Linking up with the right bloggers is a bit of a challenge. As you can imagine, everyone wants to be friends with the tastemakers of the web. That automatically puts them at an advantage over the myriad of small businesses that want to take advantage of their popularity.

If your business offers a service or product that is complementary to their niche, offer to place their ads on your site for free.

Subscribe to their blogs and add them to your social media sites. The key here is to show them what you can do for them before you ask what they can do for you.

In order to stay in good graces with the bloggers, you must remain a credible resource. Keep your website updated with fresh and relevant content that is useful to your readers. Regularly update your photographs and provide links to related products, services or information. Offer a free e-book or newsletter that your readers will find helpful. Bear in mind that a blogger will only want to endorse your company if you are a genuinely helpful resource.

When you have developed a good working relationship with the key bloggers, work hard to maintain that relationship, even when you’re not looking for favors. By staying in their good graces, you will be in a better position to ask them to endorse your product or service when the time comes.

Sometimes you will receive a bad review on a blog, forum, or consumer website. There may be bad news surrounding your company or personal life. In instances like these, reputation management is key. The first step is to find out what is being said and take steps to mitigate it. If your product is being trashed by a disgruntled customer, handle that customer’s issue before they cause more damage. If it is a competitor, you may have to work harder to erase negative information about your brand online. A good reputation management company can handle these reputation challenges, and their team of experts will work tirelessly to restore your good name on the web.

Most influential bloggers are experts at reputation management — it’s integral to their influence. Most good reputation management companies have great relationships with influential bloggers for that reason.

The relationship between bloggers and businesses is a delicate balancing act of objectivity and loyalty. Your business will benefit greatly from a good working relationship with bloggers who can sing your company’s praises. Foster good relationships with key players and reap the benefits of free advertising. Maintain those relationships and you will find your company’s bottom line grow with each blog post.

How do you foster authentic relationships with influential bloggers?

Author’s Bio:
Alex is a blogger, freelance writer and recent college graduate. She currently performs market research for an online marketing firm when she is not contributing her own thoughts and observations to the online community.

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Filed Under: Business Life, Marketing /Sales / Social Media, Successful Blog Tagged With: bad reviews, bc, LinkedIn, online reputation, relationships with influential bloggers, reputation managment, small business

Earn Money Blogging? Not Unless You Avoid These Pitfalls

August 24, 2012 by Guest Author

How to blog series

by
Emily Green

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Blogging can make you money but only if you avoid some of the annoying pitfalls that can actually cause you to lose money instead of gaining it. The following are several common and very costly pitfalls that bloggers all over the Internet encounter on a daily basis.

The Time Sucker That is the Internet

The Internet is a minefield filled with numerous distractions. There are social media outlets, games, blogs and search engines that just seemed designed to distract and waste your time. However, if you are looking to make money on your blog you need to avoid these distractions at all costs and apply yourself to networking, writing blog posts, researching and interacting with visitors.

If you are finding it hard to avoid distractions consider some of these time saving methods:

  • Set a timer
  • Block distracting websites
  • Create a schedule and stick to it

Will Write Soon – Losing Contacts

Contacts are everything in the blogosphere. It can often be easy to assume that the contacts that you have made in the blogging world will be there forever, but if you don’t keep in touch you’ll notice that they slowly start to disappear. Avoid losing contacts associated with your blog by devoting a few hours every week to emailing, tweeting and touching base with your numerous contacts and with Android tablets that are designed to keep you online 24/7 there is no reason you can’t keep in touch!

Due Date Delays

Guest blogging or writing blogs for others can be a great way to earn cash, but you have to be willing to stay on a strict schedule. Many of the blogs that welcome you with open arms to guest blog or blog for them have strict schedules they need to keep. When you agree to blog make sure you stick to the deadlines, not only will it help ensure you get paid for your writing but it helps build your reputation within the blogosphere community.

People Pleaser – Catering to the Billions on the Internet

There are billions of individuals on the Internet and as a blogger it is your role to make sure that you don’t offend them. Offending your audience is a sure fire way to send them packing to another blog and cost you money. Remember the more visitors you get the more money you can make! Offending a part of your audience will certainly cost you in the end.

That doesn’t mean you can’t voice your opinion or talk about controversy. No, it just means that you will have to keep comments and blog posts classy and within the limits. And if you do make a risky comment or blog, just remember you risk losing that audience.

Need a little extra cash? Looking for a way to earn money? Grab a computer or a tablet and start blogging. Just remember avoid these four common pitfalls and you’ll be on your way to earning money just for writing and blogging of favorite topics.

Author’s Bio:
Emily Green is a freelance writer and a lover of technology. For work or play, she prefers using an Android tablet . Follow her on Twitter as @emgreen85.

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Filed Under: Blog Basics, Marketing /Sales / Social Media, Successful Blog Tagged With: bc, blogging, blogging pitfalls, Blogs, business-blogging, earn money blogging, How-to-Blog, LinkedIn, small business

Negative Reviews and Consumer Complaints: How Your Business Can Keep a Positive Image

August 21, 2012 by Liz

by
Rich Gorman

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How Your Business Can Keep a Positive Image

Business owners typically take a lot of pride in the goods and services they offer. Hearing a consumer offer positive feedback, then, is one of the best feelings a business owner can experience. By contrast, negative reviews and customer complaints tend to sting. They tend to hit where it hurts —- at the business owner’s own sense of pride and accomplishment.

Negative Reviews and Customer Complaints

Unfortunately, negative reviews and customer complaints don’t just hurt a business owner’s pride. They also hurt a business owner’s sales. That’s never been truer than it is today, in the Age of Google, Bing, and most importantly, perhaps Yelp.

The Trouble with Online Reviews

Yelp and consumer review sites like it have effectively become the new word of mouth. Study after study finds that consumers turn to these review sites before making big purchases, and that they trust the information they find there. What this means is that online reviews and consumer complaints can prove massively influential over consumer behavior — good news if your business’ reviews are excellent across the board, but bad news if they are not.

The trouble here is that no business owner can trust that his or her reviews will always be positive. A negative review or an online complaint can come from any number of sources, so simply ensuring that you offer excellent products and superior services is not enough. A bad review could be planted by a business rival, or even by a disgruntled ex-employee.

These reviews can be disastrous to any business. But the good news is, there are steps that you, as a business owner, can take to minimize their visibility and negate their effects.

Watch Out for Your Online Reputation

If your company has any kind of an online presence at all, then it has an online reputation. The question you need to answer is simply this: Is your online reputation a positive one or a negative one? If a consumer searches for your brand name, does that consumer find information about how wonderful your company is; or does the consumer find one-star reviews and customer complaints?

Knowing where your business stands is crucial. That’s why it’s important to search for your brand name on a regular basis. There are a couple of professional tips that will make this a little more efficient:

  1. Set up Google and Yahoo alerts, which will let you know when any new online listings appear. This will help ensure that you have up-to-date information delivered directly to your inbox.
  2. Log out of Google before you search for yourself. Google, after all, offers personalized search results. If it knows that you own the business, it may try to protect your feelings, and hide the negative stuff that’s out there. Logging out ensures that your data is more objective.

Protect Yourself from Defamation

The next step is to build a strong, defensive wall — enhancing your brand and keeping your company insulated against negative reviews. The underlying concept here is that you cannot stop bad reviews from being written, but you can keep them from being seen. If the first page of Google is filled with positive information about your brand, then the negative stuff will be relegated to page 2 or 3, where it will do little or no damage to your brand’s online reputation.

Protecting yourself starts with registering for exact-match domain names, which will rank well on Google, Yahoo, and Bing. For instance, if your company is called Braverman Industries, make sure that you’re the owner not just of bravermanindustries.com, but also .org and .net. These sites will help you fill out that first page of search results. Signing up for exact-match account names, on Facebook and Twitter and Pinterest, is also helpful.

Merely registering for these accounts is not enough. You also need to be proactive in building your brand, by using these domains and social media accounts to publish positive, brand-enhancing content. The more content you’re able to publish, the better insulated you will be against the threat of damaging online reviews.

Reviews Happen

Of course, there is no way to absolutely guarantee that negative reviews and customer complaints won’t happen, or that they won’t breach your defensive wall. The question, then, is how you, as a business owner, can respond. If the review is a positive one, of course, or even if it offers genuinely constructive feedback, then it’s important to simply be nice, grateful, and prompt with your response.

And when the review is flat-out negative, to the extent of being unreasonable or even defamatory? Don’t respond at all. Any response is only going to serve to lend that review search engine traction, which means more consumers will see it and you’ll have an even tougher time suppressing it. Avoid the response, and simply double down on your efforts at brand enhancement and Google insulation.

Author’s Bio:
Rich Gorman is a serial internet entrepreneur with an extensive background in direct marketing, affiliate marketing, and online reputation management. In addition, Rich manages the Direct Response industry’s official blog where he shares his thoughts on Direct Response Marketing. Currently, Rich leads the team at reputationchanger.com

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Filed Under: Customer Think, Marketing /Sales / Social Media, Successful Blog Tagged With: bc, customer complaints, LinkedIn, negative reviews, online reputation, online review, positive image, small business

How to Gain Influence and Earn Trust – 3 Things to Be First

August 21, 2012 by Liz

Influence and Trust

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Two relationship words — influence and trust — can be found throughout this social business culture. Those of us who authentically enjoy the influence of high-trust relationships with a large audience are finding that to be almost a currency evidenced by the way that we are pursued.

Influence is valued because it wins attention, moves people to action, and sometimes even changes how and what people think. Trust is valued because it extends and deepens influence into a stronger bond. The power of influence and trust has become so studied, demonstrated, and valued that major corporations regularly include influencer outreach in their marketing strategic plans because a few words or a blog post from the right ones can bring thousands of potential customers to them.

How does a person gain influence and earn trust like that?

How to Gain Influence and Earn Trust – 3 Things to Be First

If you’re a person or a brand who wants to establish your own community of fiercely loyal fans, it’s natural that you’d be interested in how to gain influence and earn trust. Building a platform or making an offer as a means to attract an influence network establishes a fragile and at best. The sort of influence and trust that consistently moves people to action comes not from something that we build or offer, but who we are.

If you want to gain influence and earn trust, here are 3 things you need to be first.

  1. Be clear about your values. Be an example of your values in action. Values establish common ground. When we act from our values we attract people who share them. When we share values, it becomes easy to predict decisions you’ll make and responses you’ll have. So when you point something you believe in or recommend, we can trust that we’ll have the same experience of it.
  2. Be more than credible. Be honest. Trust is goes beyond believing to knowing. We trust people we know who are what they appear even when we’re not around. The only consistent way to live up to that is to be honest with everyone — including yourself — about your your competencies, your expectations, and your commitments. Take care not use honesty as a weapon. Trust is the hard truth spoken gently. Tell the truth with respect.
  3. Be a generous, collaborative, and open source. Bring your expertise and your beginner’s mind. Share information. Share expertise. Share your thinking — as a learner as well as a teacher. Share by introducing people who would benefit from knowing each other. Share in gratitude, without expectation of receiving back. Connecting people to good ideas and other good people with good ideas builds influence and trust. Keep your focus on valuing the people who already trust you and providing value for them. They will share you with their friends.

Take a long hard look at anyone who has a truly lasting network of influence and trust. You’ll find these three traits are attracting people to them. People who enjoy a position of influence and trust give attention, move to action, and often change how or what they think because of the people who listen to them.

Influence and trust aren’t one-way streets. No lasting grant of influence or endowment of trust will be gained or earned without an equal openness to influence and a willingness to trust. We think of influencers as teachers, but the greatest teachers never stop learning. And learning requires trust.

What have you learned about influence and trust?

Be irresistible.
–ME “Liz” Strauss

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Filed Under: Audience, Community, Successful Blog Tagged With: bc, be honest, earn trust, gain influence, LinkedIn, predict decisions, share values, small business

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