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Casual Articles - Marketing Tip: Delay Gratification
The Sign of a Great Leader - Consideration of Others , and as Woody Allen points out, 90 percent of success in life consists of simply showing up.As much as we’d like everyone to be our clone: same work ethic, owner mentality, intelligence level, capable of seeing the big picture and multi-tasking, that’s just not reality. Let’s face it – you and I are the only truly superior business people and everyone else is striving to be us. But seriously, everyone brings their own special talents to the table.If all our associates were great sales people, who would handle finance, marketing, technology or human resources? As considerate leaders we have to look to the innate value of each associate Marketing works! That’s the good news. The other news — perhaps not so pleasant if you lack the maturity required for delayed gratification — is that marketing works the same way everything else works, by application of consistent effort yielding eventual results. In my own business, it is not unusual at all for an attorney to become our client two years after our first meeting. It is highly unusual, on the other hand, for a prospective client to say “Wait right here while I go get the check.” If you t Gold Mining A crucial concept in marketing (as is in life) is that of delayed gratification.Mining Gold is hard work you know? There are many people in the US to this day who still mine for gold. Did you know that in many countries people have protested mines, gold and silver are easy ones to protest because it is associated with greed as those minerals are also considered legal tender.A great mine to visit is one of the first gold mines in the country, The Reed Gold mine in Charlotte. There were over 300 gold mines in North Carolina in the 1820’s. This of course long before the 49’ers of CA. The Reed Mine was active until 1912. A total Stick with me for a moment through a general discussion of this behavior, and it will become obvious how it applies to your marketing. The ability to wait for rewards is a classic characteristic of anyone who is going to be successful. In fact, psychologists have identified this ability as the key indicator of a child’s future success. Because rewards do not always come instantly, people who learn to work hard, or invest their time and wait for payment, recognition, or some other form of ''gratification'' are the ones who will achieve the most in life. Often, of course, the longer the delay, the greater the reward. A worker who spends the day''s pay getting too drunk to return to work the next day will never become a doctor or lawyer. The opposite is the need for instant gratification, which is practically a definition of immaturity. I-want-what-I-want-and-I-want-it-now behavior is normal in a baby, typical of many young children, and dangerous in adults. At its extreme, it results in all kinds of criminal behavior. “I don’t want to work, and wait to save money, so I think I’ll steal it.” And, of course, there are legions who profit from this immaturity, including people who sell magic diet pills, lottery tickets, expensive golf equipment, and phony university degrees. Those who market these things know that their customers hope to buy the reward they are unwilling to work and wait for. What has all this to do with your marketing? Many attorneys approach their marketing programs with exactly this level of impatience, not to say immaturity. They are not committed. They are not willing to work. They are not willing to invest or risk their dollars. They are not willing to wait. They want a marketing program that will hit a “home run” right away. They want to hit the marketing lottery and they are disappointed with anything less. And of course, there are lots of marketing firms that are only too willing to prey on this weakness. They sell “systems” that are “guaranteed” to make you thousands, if not millions. They push direct mail programs with “free” mailing lists, and “seminars in a box” and programs that promise to double your revenue in three months. Do any of these programs work? To some extent, yes. Are they appropriate for some people? Absolutely. Almost any marketing is good for your business, and as Woody Allen points out, 90 percent of success in life consists of simply showing up. Marketing works! That’s the good news. The other news — perhaps not so pleasant if you lack the maturity required for delayed gratification — is that marketing works the same way everything else works, by application of consistent effort yielding eventual results. In my own business, it is not unusual at all for an attorney to become our client two years after our first meeting. It is highly unusual, on the other hand, for a prospective client to say “Wait right here while I go get the check.” If you th Do You Deliver On Your Brand Promise? o will achieve the most in life.The 3 mistakes businesses make that affect long term successNo matter how great your logo or strategy, if you don’t deliver on your brand’s promise your business will flounder or die. Neither is what you want.A brand promise is what you say you’re going to deliver and the expectations you create in the customers’ minds. Fred Smith built FedEx with great commercials that featured an extremely memorable tagline that is “absolutely positively” stuck in our minds. They were clear about what they were going to deliver and they made good on the Often, of course, the longer the delay, the greater the reward. A worker who spends the day''s pay getting too drunk to return to work the next day will never become a doctor or lawyer. The opposite is the need for instant gratification, which is practically a definition of immaturity. I-want-what-I-want-and-I-want-it-now behavior is normal in a baby, typical of many young children, and dangerous in adults. At its extreme, it results in all kinds of criminal behavior. “I don’t want to work, and wait to save money, so I think I’ll steal it.” And, of course, there are legions who profit from this immaturity, including people who sell magic diet pills, lottery tickets, expensive golf equipment, and phony university degrees. Those who market these things know that their customers hope to buy the reward they are unwilling to work and wait for. What has all this to do with your marketing? Many attorneys approach their marketing programs with exactly this level of impatience, not to say immaturity. They are not committed. They are not willing to work. They are not willing to invest or risk their dollars. They are not willing to wait. They want a marketing program that will hit a “home run” right away. They want to hit the marketing lottery and they are disappointed with anything less. And of course, there are lots of marketing firms that are only too willing to prey on this weakness. They sell “systems” that are “guaranteed” to make you thousands, if not millions. They push direct mail programs with “free” mailing lists, and “seminars in a box” and programs that promise to double your revenue in three months. Do any of these programs work? To some extent, yes. Are they appropriate for some people? Absolutely. Almost any marketing is good for your business, and as Woody Allen points out, 90 percent of success in life consists of simply showing up. Marketing works! That’s the good news. The other news — perhaps not so pleasant if you lack the maturity required for delayed gratification — is that marketing works the same way everything else works, by application of consistent effort yielding eventual results. In my own business, it is not unusual at all for an attorney to become our client two years after our first meeting. It is highly unusual, on the other hand, for a prospective client to say “Wait right here while I go get the check.” If you t Pop Up Display Stands - An Insiders Guide To Avoiding The Shortcuts, Perils and Pitfalls are legions who profit from this immaturity, including people who sell magic diet pills, lottery tickets, expensive golf equipment, and phony university degrees. Those who market these things know that their customers hope to buy the reward they are unwilling to work and wait for.Everyday worldwide thousands of portable display stands, such as pop up stands and banner stands are bought by uneducated buyers. With an ever increasing number of exhibition and display companies competing for trade on the internet, it's easy to see why these novice shoppers are sucked into a purchase that they believe to be an unbelievable bargain; only to find out in a few short days, weeks or months that they have bought shoddy goods - and to make it worse there is little or nothing they can do about it.If you’re exhibiting at a trade-show or What has all this to do with your marketing? Many attorneys approach their marketing programs with exactly this level of impatience, not to say immaturity. They are not committed. They are not willing to work. They are not willing to invest or risk their dollars. They are not willing to wait. They want a marketing program that will hit a “home run” right away. They want to hit the marketing lottery and they are disappointed with anything less. And of course, there are lots of marketing firms that are only too willing to prey on this weakness. They sell “systems” that are “guaranteed” to make you thousands, if not millions. They push direct mail programs with “free” mailing lists, and “seminars in a box” and programs that promise to double your revenue in three months. Do any of these programs work? To some extent, yes. Are they appropriate for some people? Absolutely. Almost any marketing is good for your business, and as Woody Allen points out, 90 percent of success in life consists of simply showing up. Marketing works! That’s the good news. The other news — perhaps not so pleasant if you lack the maturity required for delayed gratification — is that marketing works the same way everything else works, by application of consistent effort yielding eventual results. In my own business, it is not unusual at all for an attorney to become our client two years after our first meeting. It is highly unusual, on the other hand, for a prospective client to say “Wait right here while I go get the check.” If you t Do-it-yourself Pitfalls: How to Waste Money Quickly In Advertising gram that will hit a “home run” right away. They want to hit the marketing lottery and they are disappointed with anything less.1. Plant negative ideas into people’s minds.The ad headline Don’t waste another dollar plants the idea of wasting money into people’s minds. The call to action Don’t hesitate is about hesitating. To cultivate more supportive thinking, focus on the positive. Try Save money today and Call now.2. Send a diffuse message to an overly-broad group. The risk of an ad that addresses everybody: it appeals to nobody. Even if you offer something for everybody, address the audience so that each individual can easily discern whether And of course, there are lots of marketing firms that are only too willing to prey on this weakness. They sell “systems” that are “guaranteed” to make you thousands, if not millions. They push direct mail programs with “free” mailing lists, and “seminars in a box” and programs that promise to double your revenue in three months. Do any of these programs work? To some extent, yes. Are they appropriate for some people? Absolutely. Almost any marketing is good for your business, and as Woody Allen points out, 90 percent of success in life consists of simply showing up. Marketing works! That’s the good news. The other news — perhaps not so pleasant if you lack the maturity required for delayed gratification — is that marketing works the same way everything else works, by application of consistent effort yielding eventual results. In my own business, it is not unusual at all for an attorney to become our client two years after our first meeting. It is highly unusual, on the other hand, for a prospective client to say “Wait right here while I go get the check.” If you t Creativity and Innovation Management: The Value Of Due Diligence , and as Woody Allen points out, 90 percent of success in life consists of simply showing up.Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are other useful definitions, for example, creativity can be measured according to the number of ideas produced, the diversity of those ideas and the novelty of those ideas.There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire r Marketing works! That’s the good news. The other news — perhaps not so pleasant if you lack the maturity required for delayed gratification — is that marketing works the same way everything else works, by application of consistent effort yielding eventual results. In my own business, it is not unusual at all for an attorney to become our client two years after our first meeting. It is highly unusual, on the other hand, for a prospective client to say “Wait right here while I go get the check.” If you think of the marketing-sales process as a pipeline, it becomes obvious that in order to make sales come out at one end of the pipeline (the one that spills out money), you have to stuff the entry to the pipeline. Some prospects will travel that pipeline faster than others of course, but they still must make the journey. Those who have the maturity, patience, commitment, and character to wait for the prospects to become clients will see a great reward. The others will say, after a suitably brief period, “This doesn’t work!” Then they will quit marketing or buy into the next get-rich-quick marketing plan. If you are one of those who understands delayed gratification, realize this: Once you have the pipeline running, and you are realizing steady rewards, you must never, ever stop your marketing efforts. When you stop, or even pause, what happens? You create gaps in the pipeline, gaps that will eventually result in a bad month, or a bad year. There are many people, of course, who can be patient and persistent if there is a guaranteed reward. In this life, however, there are only two certainties and you know what those are. It takes much more intestinal fortitude to proceed and persist when the reward is certain, but not guaranteed. Those who can do it are the marketers, and they shall inherit the earth. The others will inherit the wind.
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