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Casual Articles - You've Got a Great Business, but Nobody Cares!
What PR Organizations Say, What They Mean About Options Backdating people, so that they would be better informed about the host's professional
services, and, therefore, more likely to see potential referral opportunities. A short
presentation that clearly articulated their USP gave the audience improved insight
into a complex service offering, resulting in the host's desired outcome; more
referrals.If you look at all the press releases from various companies on the options backdating issue and start to detect patterns, you cannot but help think they are written all by the same legal firm - they have the same boiler plate stuff, bunch of nonsense, a few technical terms and a few buzzwords. So we are attempting to clear up the mess with plain-speak.1. What they say - " The SEC has issued an informal inquiry against our options backdating practices".What they mean - " Damm! the SEC is a pretty rough bunch. Their informal inquiry looks more like a indicitment. We are not exactly sure what all we did wrong and not sure of what all we have to do to correct it. In any event, if we say its informal then the stockholders will think its nothing big."2. What they say - " We inten Further creative ideas for active referrals come to mind: seminars, educational workshops, letters of introduction, brain trust meetings, developing an advisory board of well-connected people, sporting events and partnerships, to name a few. In summation, I believe that referrals are the most efficient form of marketing/ advertising available, and the best way to make referrals work for you, is to stay in contact with your network constantly. Here is a list of elements for a successful referral marketing campaign: **Referrals are not based on a transaction, but rather on an ongoing relationship. **We should connect people with no thought of what we may get in return. **Figure out how to overcome the resistance of asking for the referral. **Educate your network about what you do. **Ask for appropriate referrals. **Assist referrers in doing their work by passing on cards and materials. **And lastly Balance Your Managerial Life I would like to share a disturbing little secret with you. Almost 70% of the people you do face-to-face business, with will never speak to you again!We have only one life, but we live in three overlapping worlds—our business world, our family world, and our other social world. Imagine bringing your spouse and kids to a meeting with seven of your salespersonnel. Sitting off to your left, Miss Wright asks the question on the minds of all her fellow sales colleagues, “Why did you bring your family to our meeting today? Will they be playing any sort of role in our discussion?” You simply respond, “No, they’re just here so I can tend to their needs.”Of course, this is a highly unlikely scenario. You don’t bring your family into work with you every day. However, Heather Howitt does. Howitt, the CEO of Oregon Chai in Portland, Oregon, balances motherhood with her responsibility of running an eleven million dollar manufacturer of tea lattes. “Our offi It's not that they didn't like you or get value from your services, but they just don't care. They have other things on their minds. The kids need new clothes, the furnace needs repairing, and the car is making that strange knocking sound again, and, of course, there is a big report due tomorrow. These are the things that take up your customer's bandwidth. They haven't thought about you since you last spoke to them weeks ago. So, why wouldn't they think about you? Didn't that last marketing campaign garner great results? As the available research suggests, it's not that they don't like you, but rather, they simply forgot about you. They have other things on their minds and there wasn't any good reason to think about you. By the way, popular research suggests that, in general, only about 8% of customers are dissatisfied with the product or service they received. To illustrate this, I recently worked with a company that has served over 3,000 clients in the past 3 years. In this same period, they have never sent out a 'thank you' card, email or direct mail piece to these former clients. What's more surprising, is that they were still getting a third of their new business from referrals. So, why are they not reminding happy, satisfied customers that they are still around and looking to make even more happier, satisfied customers? The answer is simple: they are just too busy with managing the day-to-day business, to create marketing pieces to reach out to the customers. Instead, they spend hundreds of thousands of dollars on expensive shotgun-style advertising to get the attention of potential customers. It's much easier to call up the Yellow Pages and place a year's worth of ads, than it is to create a meaningful relationship-based campaign. Relationship-building campaigns take time and energy; something we don't often have much of once the daily workload is taken care of. To change this, a campaign was conceived which would thank the 3,000 past customers for their business and remind them that referrals had been the key to the company's success. The campaign also provided each past customer with both online and offline tools to pass on consistent referrals. At the same time, the company reduced its print ad placements to ensure results were not overshadowed by alternate forms of lead generators. The result: this company was able to triple revenues in just 12 months, almost solely attributable to referrals. In business, there is no better way to grow than through referrals, which are the most effective form of marketing/advertising for many reasons. Firstly, they are the most cost-effective way of generating business and revenues. Referrals generally make decisions more quickly and are likely to purchase more often. The best part is that less negotiation and convincing is required to enroll them, because they already trust you and have seen your results, first-hand. But referrals don't happen by accident. They are the product of a great customer experience, including sales, marketing and customer support efforts. What we sometimes forget, though, is that we have to remind customers how great their experience was, so that they will be more willing to make further referrals. 'Out of sight' is definitely 'out of mind', in this case. So, how do you remind your past clients of their experience with you, without becoming just another telemarketer? This is best done in a four-step plan: 1. Identify the ideal referral candidates. If you have a small business or practice and can afford to meet with your entire network in person, then one-on-one meetings are the best approach. By creating appointments to meet and educate others in your network, you can develop numerous 'pots on the stove'. Each educated referrer then becomes an evangelist for your services. It is also important to realize that it is not the referrer that offers the opportunity, but rather their network of potential clients. You can expect to see the number of referrals increase with the number of referrers you have ‘activated' in your network, and that number will grow exponentially as you 'activate' more and more people. Recently, I observed how when two people sat down and systematically went through their rolodexes, they were able to generate over 50 potential referrals for one another. This one-on-one meeting was the result of a past meeting where the two people were introduced. Finding that they could not work directly with one another, they decided to try linking their networks together to create further opportunities. Another excellent example of networking, was when one of my former clients hosted a cocktail party to ‘enlighten' a group of carefully selected, well-connected individuals in their business network. The cocktail party aimed to educate these people, so that they would be better informed about the host's professional services, and, therefore, more likely to see potential referral opportunities. A short presentation that clearly articulated their USP gave the audience improved insight into a complex service offering, resulting in the host's desired outcome; more referrals. Further creative ideas for active referrals come to mind: seminars, educational workshops, letters of introduction, brain trust meetings, developing an advisory board of well-connected people, sporting events and partnerships, to name a few. In summation, I believe that referrals are the most efficient form of marketing/ advertising available, and the best way to make referrals work for you, is to stay in contact with your network constantly. Here is a list of elements for a successful referral marketing campaign: **Referrals are not based on a transaction, but rather on an ongoing relationship. **We should connect people with no thought of what we may get in return. **Figure out how to overcome the resistance of asking for the referral. **Educate your network about what you do. **Ask for appropriate referrals. **Assist referrers in doing their work by passing on cards and materials. **And lastly, What Says More to Employers – Your Resume or Your Web Page? they were still getting a third of their new business
from referrals. So, why are they not reminding happy, satisfied customers that they
are still around and looking to make even more happier, satisfied customers? The
answer is simple: they are just too busy with managing the day-to-day business, to
create marketing pieces to reach out to the customers.Everyone is connected digitally. Your resume may say a lot about you, but does your web page say more to an employer than you want them to know? Your resume may become a waste of paper if an employer performs a simple Google search and learns that you drink too much, are promiscuous, steal or even worse.Don't make the mistake of thinking a prospective employer isn't going to check up on you. They will. They do.If you have been sending out a lot of resumes, but not receiving any phone calls for interviews, you should probably start asking yourself some questions. You goal is determining what it is that is disqualifying you from making the desired impact you are trying to make on prospective employers.The resume in some instances is not the problem. A job candidate's qualifications may even be a Instead, they spend hundreds of thousands of dollars on expensive shotgun-style advertising to get the attention of potential customers. It's much easier to call up the Yellow Pages and place a year's worth of ads, than it is to create a meaningful relationship-based campaign. Relationship-building campaigns take time and energy; something we don't often have much of once the daily workload is taken care of. To change this, a campaign was conceived which would thank the 3,000 past customers for their business and remind them that referrals had been the key to the company's success. The campaign also provided each past customer with both online and offline tools to pass on consistent referrals. At the same time, the company reduced its print ad placements to ensure results were not overshadowed by alternate forms of lead generators. The result: this company was able to triple revenues in just 12 months, almost solely attributable to referrals. In business, there is no better way to grow than through referrals, which are the most effective form of marketing/advertising for many reasons. Firstly, they are the most cost-effective way of generating business and revenues. Referrals generally make decisions more quickly and are likely to purchase more often. The best part is that less negotiation and convincing is required to enroll them, because they already trust you and have seen your results, first-hand. But referrals don't happen by accident. They are the product of a great customer experience, including sales, marketing and customer support efforts. What we sometimes forget, though, is that we have to remind customers how great their experience was, so that they will be more willing to make further referrals. 'Out of sight' is definitely 'out of mind', in this case. So, how do you remind your past clients of their experience with you, without becoming just another telemarketer? This is best done in a four-step plan: 1. Identify the ideal referral candidates. If you have a small business or practice and can afford to meet with your entire network in person, then one-on-one meetings are the best approach. By creating appointments to meet and educate others in your network, you can develop numerous 'pots on the stove'. Each educated referrer then becomes an evangelist for your services. It is also important to realize that it is not the referrer that offers the opportunity, but rather their network of potential clients. You can expect to see the number of referrals increase with the number of referrers you have ‘activated' in your network, and that number will grow exponentially as you 'activate' more and more people. Recently, I observed how when two people sat down and systematically went through their rolodexes, they were able to generate over 50 potential referrals for one another. This one-on-one meeting was the result of a past meeting where the two people were introduced. Finding that they could not work directly with one another, they decided to try linking their networks together to create further opportunities. Another excellent example of networking, was when one of my former clients hosted a cocktail party to ‘enlighten' a group of carefully selected, well-connected individuals in their business network. The cocktail party aimed to educate these people, so that they would be better informed about the host's professional services, and, therefore, more likely to see potential referral opportunities. A short presentation that clearly articulated their USP gave the audience improved insight into a complex service offering, resulting in the host's desired outcome; more referrals. Further creative ideas for active referrals come to mind: seminars, educational workshops, letters of introduction, brain trust meetings, developing an advisory board of well-connected people, sporting events and partnerships, to name a few. In summation, I believe that referrals are the most efficient form of marketing/ advertising available, and the best way to make referrals work for you, is to stay in contact with your network constantly. Here is a list of elements for a successful referral marketing campaign: **Referrals are not based on a transaction, but rather on an ongoing relationship. **We should connect people with no thought of what we may get in return. **Figure out how to overcome the resistance of asking for the referral. **Educate your network about what you do. **Ask for appropriate referrals. **Assist referrers in doing their work by passing on cards and materials. **And lastly Business Sellers Often Suffer from Single Buyer Syndrome st solely attributable to referrals.Remember when you were a child and your mother told you not to touch the hot stove? You couldn't really appreciate that message until you felt the pain shoot through your entire body by way of your finger tips. Oh, now I understand. Sometimes our prospective business sellers get the same kind of message as they pursue the sale of their business to a buyer who approached them with an unsolicited interest to buy.We often get an inquiry from this business owner because this is usually the only time he will sell a company. He wants advice from us and his position is that he will hire our firm to represent him if this buyer falls through. Really the best advice we can give him is to engage our firm and let us throw this buyer into the mix of potential buyers that we will uncover. His response is almost always, I jus In business, there is no better way to grow than through referrals, which are the most effective form of marketing/advertising for many reasons. Firstly, they are the most cost-effective way of generating business and revenues. Referrals generally make decisions more quickly and are likely to purchase more often. The best part is that less negotiation and convincing is required to enroll them, because they already trust you and have seen your results, first-hand. But referrals don't happen by accident. They are the product of a great customer experience, including sales, marketing and customer support efforts. What we sometimes forget, though, is that we have to remind customers how great their experience was, so that they will be more willing to make further referrals. 'Out of sight' is definitely 'out of mind', in this case. So, how do you remind your past clients of their experience with you, without becoming just another telemarketer? This is best done in a four-step plan: 1. Identify the ideal referral candidates. If you have a small business or practice and can afford to meet with your entire network in person, then one-on-one meetings are the best approach. By creating appointments to meet and educate others in your network, you can develop numerous 'pots on the stove'. Each educated referrer then becomes an evangelist for your services. It is also important to realize that it is not the referrer that offers the opportunity, but rather their network of potential clients. You can expect to see the number of referrals increase with the number of referrers you have ‘activated' in your network, and that number will grow exponentially as you 'activate' more and more people. Recently, I observed how when two people sat down and systematically went through their rolodexes, they were able to generate over 50 potential referrals for one another. This one-on-one meeting was the result of a past meeting where the two people were introduced. Finding that they could not work directly with one another, they decided to try linking their networks together to create further opportunities. Another excellent example of networking, was when one of my former clients hosted a cocktail party to ‘enlighten' a group of carefully selected, well-connected individuals in their business network. The cocktail party aimed to educate these people, so that they would be better informed about the host's professional services, and, therefore, more likely to see potential referral opportunities. A short presentation that clearly articulated their USP gave the audience improved insight into a complex service offering, resulting in the host's desired outcome; more referrals. Further creative ideas for active referrals come to mind: seminars, educational workshops, letters of introduction, brain trust meetings, developing an advisory board of well-connected people, sporting events and partnerships, to name a few. In summation, I believe that referrals are the most efficient form of marketing/ advertising available, and the best way to make referrals work for you, is to stay in contact with your network constantly. Here is a list of elements for a successful referral marketing campaign: **Referrals are not based on a transaction, but rather on an ongoing relationship. **We should connect people with no thought of what we may get in return. **Figure out how to overcome the resistance of asking for the referral. **Educate your network about what you do. **Ask for appropriate referrals. **Assist referrers in doing their work by passing on cards and materials. **And lastly The Real Big Picture Around Options Backdating an afford to meet with your entire
network in person, then one-on-one meetings are the best approach. By creating
appointments to meet and educate others in your network, you can develop
numerous 'pots on the stove'. Each educated referrer then becomes an evangelist
for your services. It is also important to realize that it is not the referrer that offers
the opportunity, but rather their network of potential clients. You can expect to see
the number of referrals increase with the number of referrers you have ‘activated' in
your network, and that number will grow exponentially as you 'activate' more and
more people.If you take some time to think about the big picture story around options backdating, here are some patterns that emerge. Each is valid, and has some merit, but it gives you some reason why the general public is still not interested in the story and outraged by it, but the media and some institutional investors are.1. CEO and Executive pay: Realistically speaking this is a weak argument at best. CEO pay has always been big and its getting bigger because lot of these executives have big risk jobs and are responsible for millions or billions of $ and thousands of employees. Add to this the legal ramifications of doing a bad job, their job is not easy. Fortune's Rick Kirkland wrote a piece on CEO pay and its an interesting read, but still does not offer any solutions.2. Full Disclosure of pay for executives: Recently, I observed how when two people sat down and systematically went through their rolodexes, they were able to generate over 50 potential referrals for one another. This one-on-one meeting was the result of a past meeting where the two people were introduced. Finding that they could not work directly with one another, they decided to try linking their networks together to create further opportunities. Another excellent example of networking, was when one of my former clients hosted a cocktail party to ‘enlighten' a group of carefully selected, well-connected individuals in their business network. The cocktail party aimed to educate these people, so that they would be better informed about the host's professional services, and, therefore, more likely to see potential referral opportunities. A short presentation that clearly articulated their USP gave the audience improved insight into a complex service offering, resulting in the host's desired outcome; more referrals. Further creative ideas for active referrals come to mind: seminars, educational workshops, letters of introduction, brain trust meetings, developing an advisory board of well-connected people, sporting events and partnerships, to name a few. In summation, I believe that referrals are the most efficient form of marketing/ advertising available, and the best way to make referrals work for you, is to stay in contact with your network constantly. Here is a list of elements for a successful referral marketing campaign: **Referrals are not based on a transaction, but rather on an ongoing relationship. **We should connect people with no thought of what we may get in return. **Figure out how to overcome the resistance of asking for the referral. **Educate your network about what you do. **Ask for appropriate referrals. **Assist referrers in doing their work by passing on cards and materials. **And lastly Display Fabrics & Printing Processes people, so that they would be better informed about the host's professional
services, and, therefore, more likely to see potential referral opportunities. A short
presentation that clearly articulated their USP gave the audience improved insight
into a complex service offering, resulting in the host's desired outcome; more
referrals.Printed fabric can be incorporated in a number of ways into signage, trade show displays, lobby displays, museum displays and more. In fabric printing for displays, a decorative pattern or design is applied to constructed fabric by dye sublimation or direct digital printing methods. Here's a quick breakdown of each type of textile printing:In dye sublimation printing, an image is digitally printed in reverse with special dye sublimation toners or inks onto regular media, such as paper. The image is then placed on top of a polyester-based or coated fabric, and subjected to high heat and pressure from a heat press. The dye sub toners or inks "sublimate" (when a material goes directly from a solid state to a gaseous state, without becoming liquid)and flow into the fabric, dying the threads.In Further creative ideas for active referrals come to mind: seminars, educational workshops, letters of introduction, brain trust meetings, developing an advisory board of well-connected people, sporting events and partnerships, to name a few. In summation, I believe that referrals are the most efficient form of marketing/ advertising available, and the best way to make referrals work for you, is to stay in contact with your network constantly. Here is a list of elements for a successful referral marketing campaign: **Referrals are not based on a transaction, but rather on an ongoing relationship. **We should connect people with no thought of what we may get in return. **Figure out how to overcome the resistance of asking for the referral. **Educate your network about what you do. **Ask for appropriate referrals. **Assist referrers in doing their work by passing on cards and materials. **And lastly, please don't forget to thank them for their help...
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