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Casual Articles - What Do The Olympics Have To Do With Marketing?
Creativity and Innovation Management: The Creative State good as" when it comes to what you offer. Raise the bar to a new level that your competition can't surpass.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 in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel 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 route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.The Creative StateOften the creative state is descr If your competition is offering shoes at "Buy 1 pair, get a 2nd pair at 50% off," then you should offer "Buy 1, get 1 free." If the "other guy" is offering a mechanical product, then you can offer the same product but include "free annual service call." = = = = = = = = = = = = = = = = = = = = = = = = Long jumpers seem to defy the laws of gravity -- flying through space high above the ground. Like high jumpers, medal-worthy long jumpers must put in the extra effort it takes to go beyond what their competitors are able to achieve. And they don't win by miles; they win by feet... by inches… by tenths of an inch. An extended warranty or guarantee is the best way to "out distance" your competitor… regardless of how much further you ultimately go. You don't have to be twice as good as "Brand X," but you must be better. If they offer a 12-month warranty, then you should offer 18 months. If their "free trial period" is 30 days, make yours 90. And don't be worried that your "we go further" Know When to Exit, Do Not Be the ‘Living Dead’ Millions of people around the world tuned into the Games of the XXVII Olympiad for the extraordinary displays of physical strength and prowess offered by the world's greatest athletes. They weren't disappointed.Within the corporate world, there are the ‘living dead’, which are the sick companies that go on a wretched existence, without any hope of turnaround. These companies need a miracle such as a resurrection from the dead. Many of these companies need a change of DNA or business models. They are technically commercially insolvent and the owners will face the fate of bankruptcy if they close down the operations. Therefore, these ‘living dead’ just hang around, waiting for the death sentence. For some, the death sentence may take years before the owners decided not to throw in good money anymore to chase after bad money. For others, the bubble keeps getting bigger such as the construction companies in Singapore that continue to clinch loss-making projects to cover up for the earlier losses.Some of these ‘l Neither were the savvy business entrepreneurs who watched the games from Athens for insights and ideas to advance their marketing efforts. What do the Olympics have to do with marketing, you ask? Plenty... if you consider that the same strategies that led to victory on the track and in the field in Athens this year can also be used to bring you world-class success in your sales efforts. Here's how: = = = = = = = = = = = = = = = = = = = = = = = = For the short distances that sprinters cover, a burst of speed that never lets up is the winning strategy that leads to gold medals. From the instant they hear the starting gun, sprinters put every ounce of available energy into a full-out, full-speed, nothing-held-back run for the finish line. The headline of your marketing message needs to be as explosive as a sprinter's start… and twice as fast. Consumers are hit with thousands of advertising "pitches" every day. They probably ignore as many as they notice. In order for your message to hit the mark, it needs to come out of the gate strong with all the power you can muster. Sprinters bulk up on carbs for energy to win the race. Headlines bulk up on benefits, arouse curiosity, present what's new, and offer a quick and easy solution to win the hearts and minds of consumers. = = = = = = = = = = = = = = = = = = = = = = = = A runner who comes "off the blocks" at break-neck speed and expects to go the distance in a marathon may pass competitors early on, but he/she will likely run out of steam long before the finish line. To stay in the race for 26 long and grueling miles, you need a carefully modulated and always flexible strategy A "Big Picture" perspective is also what's required to keep your business in the race for years to come. If you model your approach on the marathoner, use short-term initiatives to get you through "the first mile" (free gifts to customers) and you'll have far-reaching plans to make sure that you're still going strong at Mile 26(upselling, back-end sales, etc.) Just as importantly, you'll have a flexible approach to all your strategies. A marathoner never knows what's around the next corner, and neither do you. (In business, only hindsight is 20/20.) So be prepared to "go with the flow," and make changes in both your short- and long-term plans. = = = = = = = = = = = = = = = = = = = = = = = = When the race starts, a hurdler needs to know in advance the obstacles that are going to come along -- when, where, how big -- so that he/she has the right strategy in place to leap over each and every one… before making the last dash to the finish line. A successful marketer must be able to hurdle sales resistance… in every way, shape, and form. When you craft a marketing message, you need to anticipate why a consumer might say "No" -- too expensive, too risky… and then help them "hurdle" that obstacle with a bonus, benefit or iron-clad guarantee. = = = = = = = = = = = = = = = = = = = = = = = = They say there's no "I" in team, and the relay race demonstrates the importance of a group of individuals working together like a well-oiled machine to achieve the highest level of success. In order for the team effort to work in the end, a series of carefully executed "hand-offs" are required. Pass the baton in your sales message with a flow of benefits and resistance-killers that seamlessly move the customer from "start" to "finish" (aka a purchase) A well-crafted sales message starts with an irresistible headline that "hands off" to a compelling opening paragraph, that in turn leads to benefit-oriented lists, testimonials, ordering, instructions, etc. The key is that as each section draws to the end of its "run," it passes the baton to the next section in line without every losing the consumer's interest and attention. = = = = = = = = = = = = = = = = = = = = = = = = There's only one way to win in this event -- jump the highest. If your competitor jumps 7-feet in the air, you must be prepared to go to 7'1". You won't be a winner if you equal your competitor's efforts…you need to do better. Don't be content to be "as good as" when it comes to what you offer. Raise the bar to a new level that your competition can't surpass. If your competition is offering shoes at "Buy 1 pair, get a 2nd pair at 50% off," then you should offer "Buy 1, get 1 free." If the "other guy" is offering a mechanical product, then you can offer the same product but include "free annual service call." = = = = = = = = = = = = = = = = = = = = = = = = Long jumpers seem to defy the laws of gravity -- flying through space high above the ground. Like high jumpers, medal-worthy long jumpers must put in the extra effort it takes to go beyond what their competitors are able to achieve. And they don't win by miles; they win by feet... by inches… by tenths of an inch. An extended warranty or guarantee is the best way to "out distance" your competitor… regardless of how much further you ultimately go. You don't have to be twice as good as "Brand X," but you must be better. If they offer a 12-month warranty, then you should offer 18 months. If their "free trial period" is 30 days, make yours 90. And don't be worried that your "we go further" o Marketing Your Company on a Small Budget of advertising "pitches" every day. They probably ignore as many as they notice. In order for your message to hit the mark, it needs to come out of the gate strong with all the power you can muster.So often I talk with small business people who are worried that they need more customers and do not quite understand how to market their companies to get the most bang for their buck. One very inexpensive thing you can do is to use flyers to promote your business and I am not suggesting you run around town and put flyers on everyone’s windshield wipers as that really ticks people off big time.What I am saying is that if you are careful to hand out flyers in strategic places and to other small businesses in your area you maybe surprised how many new customers those flyers will bring in.It is always suggested that on any flyer that you put some sort of discount coupon and it is also advised that you put an expiration date on that same coupon, as this creates a sense of urgency. I know so far you are saying you hav Sprinters bulk up on carbs for energy to win the race. Headlines bulk up on benefits, arouse curiosity, present what's new, and offer a quick and easy solution to win the hearts and minds of consumers. = = = = = = = = = = = = = = = = = = = = = = = = A runner who comes "off the blocks" at break-neck speed and expects to go the distance in a marathon may pass competitors early on, but he/she will likely run out of steam long before the finish line. To stay in the race for 26 long and grueling miles, you need a carefully modulated and always flexible strategy A "Big Picture" perspective is also what's required to keep your business in the race for years to come. If you model your approach on the marathoner, use short-term initiatives to get you through "the first mile" (free gifts to customers) and you'll have far-reaching plans to make sure that you're still going strong at Mile 26(upselling, back-end sales, etc.) Just as importantly, you'll have a flexible approach to all your strategies. A marathoner never knows what's around the next corner, and neither do you. (In business, only hindsight is 20/20.) So be prepared to "go with the flow," and make changes in both your short- and long-term plans. = = = = = = = = = = = = = = = = = = = = = = = = When the race starts, a hurdler needs to know in advance the obstacles that are going to come along -- when, where, how big -- so that he/she has the right strategy in place to leap over each and every one… before making the last dash to the finish line. A successful marketer must be able to hurdle sales resistance… in every way, shape, and form. When you craft a marketing message, you need to anticipate why a consumer might say "No" -- too expensive, too risky… and then help them "hurdle" that obstacle with a bonus, benefit or iron-clad guarantee. = = = = = = = = = = = = = = = = = = = = = = = = They say there's no "I" in team, and the relay race demonstrates the importance of a group of individuals working together like a well-oiled machine to achieve the highest level of success. In order for the team effort to work in the end, a series of carefully executed "hand-offs" are required. Pass the baton in your sales message with a flow of benefits and resistance-killers that seamlessly move the customer from "start" to "finish" (aka a purchase) A well-crafted sales message starts with an irresistible headline that "hands off" to a compelling opening paragraph, that in turn leads to benefit-oriented lists, testimonials, ordering, instructions, etc. The key is that as each section draws to the end of its "run," it passes the baton to the next section in line without every losing the consumer's interest and attention. = = = = = = = = = = = = = = = = = = = = = = = = There's only one way to win in this event -- jump the highest. If your competitor jumps 7-feet in the air, you must be prepared to go to 7'1". You won't be a winner if you equal your competitor's efforts…you need to do better. Don't be content to be "as good as" when it comes to what you offer. Raise the bar to a new level that your competition can't surpass. If your competition is offering shoes at "Buy 1 pair, get a 2nd pair at 50% off," then you should offer "Buy 1, get 1 free." If the "other guy" is offering a mechanical product, then you can offer the same product but include "free annual service call." = = = = = = = = = = = = = = = = = = = = = = = = Long jumpers seem to defy the laws of gravity -- flying through space high above the ground. Like high jumpers, medal-worthy long jumpers must put in the extra effort it takes to go beyond what their competitors are able to achieve. And they don't win by miles; they win by feet... by inches… by tenths of an inch. An extended warranty or guarantee is the best way to "out distance" your competitor… regardless of how much further you ultimately go. You don't have to be twice as good as "Brand X," but you must be better. If they offer a 12-month warranty, then you should offer 18 months. If their "free trial period" is 30 days, make yours 90. And don't be worried that your "we go further" Don't Overlook Articles If You Are Running an Online Business d sales, etc.)You can't run an Internet business without articles. That's a fact. But exactly how should you approach the art of article writing?Well, for starters, you need to understand just what articles can and cannot do for you.They can't turn a bad web site into a good one. They also can't fix design issues, nor can they tap the Blue Rhapsody in top hat and cane. Other than that, they can do a heck of a lot to give your web site credibility and good content.Articles can be acquired a number of ways. You're probably aware of that.You can buy one of those fancy PLR packages that have been circulating the Internet since 1997, or you can pay Charlie $2 per article to spell one syllable words incorrectly and copy-paste information from Wikipedia, or you can pay a professional writer to provide you with unique, Just as importantly, you'll have a flexible approach to all your strategies. A marathoner never knows what's around the next corner, and neither do you. (In business, only hindsight is 20/20.) So be prepared to "go with the flow," and make changes in both your short- and long-term plans. = = = = = = = = = = = = = = = = = = = = = = = = When the race starts, a hurdler needs to know in advance the obstacles that are going to come along -- when, where, how big -- so that he/she has the right strategy in place to leap over each and every one… before making the last dash to the finish line. A successful marketer must be able to hurdle sales resistance… in every way, shape, and form. When you craft a marketing message, you need to anticipate why a consumer might say "No" -- too expensive, too risky… and then help them "hurdle" that obstacle with a bonus, benefit or iron-clad guarantee. = = = = = = = = = = = = = = = = = = = = = = = = They say there's no "I" in team, and the relay race demonstrates the importance of a group of individuals working together like a well-oiled machine to achieve the highest level of success. In order for the team effort to work in the end, a series of carefully executed "hand-offs" are required. Pass the baton in your sales message with a flow of benefits and resistance-killers that seamlessly move the customer from "start" to "finish" (aka a purchase) A well-crafted sales message starts with an irresistible headline that "hands off" to a compelling opening paragraph, that in turn leads to benefit-oriented lists, testimonials, ordering, instructions, etc. The key is that as each section draws to the end of its "run," it passes the baton to the next section in line without every losing the consumer's interest and attention. = = = = = = = = = = = = = = = = = = = = = = = = There's only one way to win in this event -- jump the highest. If your competitor jumps 7-feet in the air, you must be prepared to go to 7'1". You won't be a winner if you equal your competitor's efforts…you need to do better. Don't be content to be "as good as" when it comes to what you offer. Raise the bar to a new level that your competition can't surpass. If your competition is offering shoes at "Buy 1 pair, get a 2nd pair at 50% off," then you should offer "Buy 1, get 1 free." If the "other guy" is offering a mechanical product, then you can offer the same product but include "free annual service call." = = = = = = = = = = = = = = = = = = = = = = = = Long jumpers seem to defy the laws of gravity -- flying through space high above the ground. Like high jumpers, medal-worthy long jumpers must put in the extra effort it takes to go beyond what their competitors are able to achieve. And they don't win by miles; they win by feet... by inches… by tenths of an inch. An extended warranty or guarantee is the best way to "out distance" your competitor… regardless of how much further you ultimately go. You don't have to be twice as good as "Brand X," but you must be better. If they offer a 12-month warranty, then you should offer 18 months. If their "free trial period" is 30 days, make yours 90. And don't be worried that your "we go further" Managers, Got a Grip on Your PR? m, and the relay race demonstrates the importance of a group of individuals working together like a well-oiled machine to achieve the highest level of success. In order for the team effort to work in the end, a series of carefully executed "hand-offs" are required.What are you trying to do with your business, non-profit or association public relations program? Get a little publicity for a service or product? Or, perhaps, you’re doing what you really should do, persuade your key external stakeholders to your way of thinking, then move them to take actions that lead to the success of your department, division or subsidiary.To reach that objective, and get a real grip on your PR effort, you need a model like this: people act on their own perception of the facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving-to-desired-action the very people whose behaviors affect the organization the most, the public relations mission is accomplished.No small matter becau Pass the baton in your sales message with a flow of benefits and resistance-killers that seamlessly move the customer from "start" to "finish" (aka a purchase) A well-crafted sales message starts with an irresistible headline that "hands off" to a compelling opening paragraph, that in turn leads to benefit-oriented lists, testimonials, ordering, instructions, etc. The key is that as each section draws to the end of its "run," it passes the baton to the next section in line without every losing the consumer's interest and attention. = = = = = = = = = = = = = = = = = = = = = = = = There's only one way to win in this event -- jump the highest. If your competitor jumps 7-feet in the air, you must be prepared to go to 7'1". You won't be a winner if you equal your competitor's efforts…you need to do better. Don't be content to be "as good as" when it comes to what you offer. Raise the bar to a new level that your competition can't surpass. If your competition is offering shoes at "Buy 1 pair, get a 2nd pair at 50% off," then you should offer "Buy 1, get 1 free." If the "other guy" is offering a mechanical product, then you can offer the same product but include "free annual service call." = = = = = = = = = = = = = = = = = = = = = = = = Long jumpers seem to defy the laws of gravity -- flying through space high above the ground. Like high jumpers, medal-worthy long jumpers must put in the extra effort it takes to go beyond what their competitors are able to achieve. And they don't win by miles; they win by feet... by inches… by tenths of an inch. An extended warranty or guarantee is the best way to "out distance" your competitor… regardless of how much further you ultimately go. You don't have to be twice as good as "Brand X," but you must be better. If they offer a 12-month warranty, then you should offer 18 months. If their "free trial period" is 30 days, make yours 90. And don't be worried that your "we go further" Funding A Company Through Venture Capital good as" when it comes to what you offer. Raise the bar to a new level that your competition can't surpass.What is Venture Capital?Funding a company through venture capital refers to investment made by outside people for the businesses that are either struggling or new and growing. Funding a company through venture capital involves potentially a high degree of risk. However, the potential returns are also far better than the average returns on other types of investments. The people who dare to make such investments are known as venture capitalists. A pool of investments that shows more interest in investing the money of third-party investors in the businesses that are considered more risky according to the market parameters is known as a venture capital fund.The entrepreneurs who are in need of venture capital for their struggling or new businesses always look for this kind of facility. The person who is ideal for th If your competition is offering shoes at "Buy 1 pair, get a 2nd pair at 50% off," then you should offer "Buy 1, get 1 free." If the "other guy" is offering a mechanical product, then you can offer the same product but include "free annual service call." = = = = = = = = = = = = = = = = = = = = = = = = Long jumpers seem to defy the laws of gravity -- flying through space high above the ground. Like high jumpers, medal-worthy long jumpers must put in the extra effort it takes to go beyond what their competitors are able to achieve. And they don't win by miles; they win by feet... by inches… by tenths of an inch. An extended warranty or guarantee is the best way to "out distance" your competitor… regardless of how much further you ultimately go. You don't have to be twice as good as "Brand X," but you must be better. If they offer a 12-month warranty, then you should offer 18 months. If their "free trial period" is 30 days, make yours 90. And don't be worried that your "we go further" offers will bankrupt you. Studies show that expanded guarantees help convince many people to buy… even though few take advantage of the guarantee. It's good to know that even if you'll never be an Olympian…even if you can't bench press 500 lbs. or run a mile in under 4 minutes…you can still "go for the gold" -- by the bar… by the box… by the Brinks Truck full! Just translate what you've learned from the sports arena to the business arena! Copyright 2004 Quick Turn Marketing International, Ltd.
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