Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

20 Classic Case Studies Every Business Student Should Know

Enjoy this collection of 20 important business lessons illustrated with case studies.

Here are two that I particularily enjoyed reading.

David vs. Goliath

It's tough to be the little guy, especially when one of the big guys becomes your direct competition. But at Hangers Cleaners, an offbeat image and good customer service helped them pull through when P&G opened an eco-friendly dry cleaners in the same town. Hangers differentiated itself through van delivery service, funny t-shirts and hangers, as well as social networking. The company also spent time connecting with the community by partnering with local businesses and charities.

Instead of out-pricing or out-spending P&G, Hangers embraced its personality and adopted a culture of excellent service that customers found value in. As a result, Hangers has experienced growth while other local dry cleaners have reported flat or declining revenues.



Triumph in Niche Exports

Another excellent international case study comes from bike manufacturer Triumph, which lost steam in its British home base three decades ago, but found new life by heading overseas. In 2010, Triumph sold just 7,562 bikes in the UK, but 50,000 worldwide, indicating that an international interest paid off for the company. Triumph's famous factory in Warwickshire closed up shop in 1983, but the Indian factory remained, and these days, the motorcycles have become the country's Harley Davidson.

The company struggles to meet demand in India, with a six month waiting list and a new factory being built. India's middle class has embraced the vehicle as an affordable commodity, even giving them as dowries in weddings.


Read the rest of these lessons here.

20 Classic Case Studies Every Business Student Should Know



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Ken Tencer – SpyderWorks Audio Interview

Listen to the radio interview with Ken Tencer of SpyderWorks.

Interview with Ken Tencer, CEO of SpyderWorks & co-author of “The 90 Percent Rule”
SpyderWorks is a strategic design firm. They are “stratical” – a blend of strategic and tactical.

——————-

Insights from this interview with Ken Tencer

The 90% rule is based on doing the things that you are 90% capable. That lowers risk and cost.
I came from a family of entrepreneurs and always believed that I would be and entrepreneur.
The book is perfect for anyone who wants a practical way to grow their business.
The risk test is – could it put me out of business?
Don’t try to hit home runs.
Look for what the next 10% can offer you.
It’s not necessary to invent anything.




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Tom Beakbane interviewed on Business in Motion

Interview with Tom Beakbane, President and founder of Beakbane Retail Connections.

Beakbane Retail Connections is a marketing firm that helps business develop their brands and bring their products to the market.

Tom Beakbane started his company 23 years ago and employs 11 people. He was born in the UK and raised in Worchester – the same as the famous sauce.

Tom is a renaissance man. He lived in Kenya and France. He studied Neurophysiology and Bio-Chemistry and would sneak into art classes. He worked as a Sous Chef in southern France. Now his job in the kitchen is to wash up.
————–
Insights from this interview with Tom Beakbane

“What I love the most is when someone comes in with a raw idea.”
“Distilling complexity into a single message.”
“We like coming up with a good name.”
“The fewer things that you ask people to remember, the more likely they will remember it.”
“Our best client is passionate and open minded with a challenge.”
“Education is a foundation – not training for a job.”
“Words are merely buckets for creativity.”
“I hate cold calling but…”
“When we do a good job for clients they don’t need us anymore.”

Listen to this radio interview

George Torok

Host of Business in Motion

Business in Motion podcasts


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The Fifteen Most Common Publicity Mistakes Businesses Make

By Pam Lontos

As a business owner, you probably know that publicity is important to your success. But many businesses (and maybe you’re one of them) make crucial mistakes in their publicity campaigns. While some of the mistakes are more detrimental than others, the actual costs can be staggering.
For example, saying the wrong thing to a reporter may only cost you a quote in a national magazine. But in advertising dollars, that quote could have been worth hundreds. And you never really know who would have read the interview. Maybe a reporter for USA Today or maybe Oprah’s producer (or maybe even Oprah herself). Plus, what about all the time, money, and effort you spent in getting that reporter on the phone?
It’s true; everyone makes mistakes. By being aware of the more common ones, at least you can take action to avoid them. If you want to make the most of every publicity opportunity that comes your way, consider the following mistakes that businesses commonly make in their publicity campaigns:

Thinking hundreds of customers will walk through their door from one hit.
Fame and name recognition take time and repetition to build. In fact, a person will need to see your name and logo around six or seven times before they actually remember it. So regardless of what you’ve heard, there’s no such thing as an overnight success.

Not being unique in their approach.
No one wants to hear the same old message over and over again. So develop a hook, or unique angle that sets your business apart from others. For example, if you own a restaurant, consider what’s unique about it. What’s unique about your menu? Has the restaurant been family-owned and operated for generations? Do you offer vegetarian cuisine? The more you can make your message unique or different from the “old way,” the more attention you’ll attract.

Thinking they can’t get into a large publication.
Many small business owners feel intimidated by the big name publications. They envision high-powered magazine editors schmoozing with big company CEOs and lining up interviews with well-known figureheads for the next six months. In reality, editors scramble daily to find people to interview who have knowledge on the latest trends and topics. Realize too that editors must find new and exciting people to interview either weekly or monthly, so the more knowledgeable people they can add to their database, the better. Make yourself stand out as a reliable information source and you will get the media’s attention.

Thinking small publications don’t matter.
Even big name businesses had to build their expertise and name recognition by starting in small publications and trade journals. Although they aren’t sold on newsstands, you never know who’s reading them. So don’t overlook small publications as a foundation for your publicity.


Thinking their ideas are wonderful.
Touting your experience and explaining all the reasons why your business is wonderful to an editor is not an effective way to pitch your ideas. In fact, this is an immediate turn-off. Realize that an editor or reporter only cares about one thing: their readers. So instead of telling them all about your ideas and your business, first learn about their readers and what they want.

Pitching themselves, instead of a story for the audience.
Always pitch a publication or program by highlighting the benefits your business can offer their particular audience. Consider what uniqueness you can offer and why their readers or viewers will be interested in what you have to say.

Pitching the wrong person.
Besides wasting your time, pitching your ideas to the wrong media person will likely frustrate them. If you have an article you’d like to publish, you need to talk to an editor. But if you want to score an interview, you need a reporter.

Not finding out what reporters really want.
As you present your idea to a reporter, ask questions about what they’re looking for and what their audience is looking for. Then make changes to your initial idea based on their responses. Don’t try to “sell” your idea if it isn’t a good fit; instead, promote alternate ideas and emphasize your ability to address a variety of issues.

Not answering the reporter’s questions.
Always let the reporter or interviewer lead the conversation, because they most likely have an agenda for the story’s development already in mind. Don’t attempt to take over the conversation or talk about points the reporter doesn’t want to cover. They simply won’t include you in the final story.

Not getting to the point.
Audiences and readers love to hear firsthand accounts of experiences relating to the topic because it helps them know you on a more personal level. But don’t overload the reporter with unnecessary information that isn’t directly related to the story, and don’t ramble. If you can’t convey your message in a short amount of time, then your answer won’t be used.

Not respecting the reporter’s time.
Reporters work on time sensitive deadlines, and nothing will irritate them more than you being inconsiderate. So before you start pitching your ideas, always ask if they are on deadline. If yes, ask for a more convenient call back time.

Not gearing their pitch to the specific publication.
If you get a “no” response from an editor, reporter, or producer, always ask, “What don’t you like?” Then adapt your presentation on the spot. The more you learn about their needs and customize your message for their specific audience, the more likely you’ll be featured in their publication or on their show.

Making it an advertisement for their product or service.
Authors spend a large portion of their time selling their books because the profession simply demands it. But interviews and articles are not the right place to go on and on about your expertise and knowledge. You must let your information speak for itself. By giving solid, useable information, audiences will automatically know how great your book is.

Not providing their publicist with material and information in a timely manner.
Business owners are busy—that’s a given. But so are publicists, editors, and reporters. In order for your information to get into the right people’s hands, you need to give your publicist the requested information in a timely manner. Your publicist can’t pitch you and your book unless he or she has the most relevant information about you that showcases all you have to offer in a positive way. And if you make your publicist wait for information to send an editor or reporter, you may miss your chance to get interviewed or featured in your desired media outlet.

Not understanding the importance of frequency of publicity.
While it takes a long time to build your name recognition in the marketplace, it takes no time at all for people to forget about you. So you have to maintain the frequency of your publicity throughout the life of your business, especially when your competition maintains the frequency of theirs. Otherwise, you become old news.

Better Publicity in the Future
Just like everyone makes mistakes, everyone can avoid them by being aware of the common ones. When you make yourself aware of these fifteen most common mistakes that business owners make in their publicity campaigns, you can make the most of every opportunity and achieve a greater level of success in your business.

About the Author:
Pam Lontos is owner of PR/PR, a public relations firm that specializes in professional speakers, authors, and experts. Having been an author, speaker, and former VP of Disney's Shamrock Broadcasting, she knows the ropes of getting you good publicity and how to use it to really boost your business. Call for a free consultation at (407) 299-6128, and sign up for a free publicity tips e-newsletter at www.prpr.net.



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Pitching the Photographic Client - On the Phone

Often what it comes down to when calling a prospective client is the introduction. Suppose, for example, you want to call Jason Adams* at Spin magazine to shoot portraits for them. Your objective is to engage him with your creative talents, right? Wrong. Your objective is to get his permission to send an email to him with a few images, and a link to your website. How do you do this? Well, break down your call into what happens.

First - find out his direct dial number. How do you do that? Well, first things first - what's the main number? A Google search for "Spin Magazine" turns up this - and once there, they conveniently have a "masthead" link - here. Their direct dial number turns out to be 212-231-7400. That'll get you to the receptionist. You can first call that number and say "Hi, can you please tell me the direct dial number for Jason Adams?", and maybe you'll get lucky. If they say "oh, we don't give those out...but I'll connect you..." say "no thank you, not right now" and hang up. You can also ask what his extension number is, and they may give you that. You can also call after hours, select the company directory, and enter Jason's name, and often that automated system will say "connecting you to extension 312, please wait while I connect you", and now you have somewhere to begin.

So, you now now that Jason's extension is 312. That'll get you to him when you dial the main number after hours, and key in his extension, or when you're in their lobby, and want to stalk Jason from the phone on the side table. Don't do that. The next resource is the jobs, PR, or advertising sections of the website. Unlike all the other sections of the website designed to keep the hundreds of thousands of readers from bugging the staff, the advertising department (and thus, that section of their website) is chock full of contact information and direct dial information. So too, the PR section. So, let's delve a little deeper, shall we?

(Continued after the Jump)


The "contact" section of the advertising section of the website (here) lists all sorts of emails and direct dials that were missing from the main "contact us" section of the site - here! Surprise Surprise!

In the ad section, we learn that while the main # is still 212-231-7400, the publisher's direct dial number (obviously, to his secretary!) is 212-231-7302. We also learn that one of the account managers there has the direct dial number 212-231-7355. Other people listed on this page have the suffix of the phone number 7421, 7426, 7450, 7440, 7470. So, it seems, Spin owns the 7300 and the 7400 exchanges for the 231 prefix, of the 212 area code. So, Jason's direct dial number is most likely 212-231-7312. Bingo! Now, don't dial it just yet, TEST it during off hours. Say, around 10:30 at night, call the number and see if it's Jason's voicemail. Be careful, in today's day and age, many people are forwarding their work numbers to their mobiles, so if he answers, apologize for the wrong number, and hang up! You're not ready to actually talk to Jason yet!

Now, you need to learn Jason's email address. Why? Because you don't want to ASK him for it - you should be saavy enough to have figured it out BEFORE you talk to Jason. Do some more research. Often, as before, the advertising, PR, and Human Resources section of the site has peoples' email addresses. BUT WAIT! You shout, I don't want a job - I want to do a shoot for them! Patience there, friend. heading back to the advertising URL - here - we see that the publisher's email - Malcolm Campbell is mcampbell@spin.com, and the Fashion Director - Kelly Rae is krae@spin.com. Seeing a pattern there? That's right - Jason's email is likely first initial then last name, @spin.com. In other places, it's firstname.lastname@company.com, and then it can be lastname_firstinitial@company.com. In other words, learn the email nomenclature. Now, be careful, because if the person's name is John Smith, there may be more than one "JSmith@company.com", so it'll either be first two letters of the first name then the last name, or it could be jsmith2@company.com. It can get a little tricky there. You an also try doing a search for his email address "jadams@spin.com" and see if it comes up.

Ok, now that you have the contact information, head to the website, or the local bookstore and check out what they're doing now. DO NOT call and offer them something you do that they don't! See what they're doing and think about if you are a good fit or not, and be honest - don't waste there time or yours. If you're spending all your time doing this research, I am assuming you've already been pining about how your work is just as great as what they are running, or better, and you could do that too, so that's why you're doing this research, but, really, be honest!

So, say, you see a great portrait of Fat Joe and Jay-Z in the magazine, and you light your stuff like that, but it says in the credit "Photographed on location in Jay-Z's Atlanta studio, August 12, 2010." And, say, you're a detroit photographer, and the car executives aren't calling these days for updated portraits. So, prepare your pitch. You have 20 seconds. Write it down. Refine it. It might go something like this:
"Hi Jason, I hope I'm not catching you at a bad time, but I wanted to just call and get your permission to send you an email promo. I hate spam, and I didn't want you to think I was spamming you, but I saw that amazing portrait the magazine ran of Fat Joe and Jay-Z, and I work in the Detroit area and wanted to share with you some of my work if that's ok?"
When Jason says "sure, no problem". You can either say "thanks, I'll send it right along", or say "I have your email as JAdams@spin.com, is that correct?" Either way, don't ASK for it, but you could confirm it's right.

There are a dozen ways you can script your call, but the key is to script it, and read it a dozen times to yourself to ensure it's smooth, and you don't stumble, and you sound natural. My first read of that script took 15 seconds. Some might dissect that and say the "I hate spam..." sentence fragment is negative, and should be avoided, but the positive side of that is you're trying to point out that you don't want to spam him. The point is - think, and then re-think your pitch on the phone.

When he says "sure", send it right along - as in, within 5 minutes or so. Don't call first thing in the morning, or at the end of the day. Right before lunch time (remember time zones changes from yours!) or midday - between 2 and 3:30.

Don't leave messages. If he doesn't answer, call back 20-30 minutes later. Don't call right before an "on the hour" or "on the half-hour" time, because he's likely headed to a meeting. So, call between the :10~:20, or the :40~:50 time windows.

How many times does Jason need to experience your name/offering before being ready to do business with you? Nine times. The problem is - for every three times you do put your name/offering infront of him, he's actually only paying attention once. Yup. Don't believe me? Check this link for more insights, and then go buy it as it's a book I highly recommend - Guerrilla Marketing. So, you've just done it twice, and maybe he'll remember it once. You've now got 8 more conscious experiences for Jason to have with your work before he's ready to work with you. Maybe less, if you're really all that you think you are.

What else could you do? Well, you could look up Jason on Facebook and LinkedIn, to see if you can learn more about him. Read his wall postings, and really get to know Jason. Yes, I know you might think this is stalking, but, in reality, it's called gathering business intelligence about your prospective clients, so they become your clients. Once you get to know Jason, you'll want to note in your smart phone things like his favorite drink(s), birthday, kids names, spouse's name, the neighborhood where he lives, where he grew up, and so on. Again, this isn't stalking, it's getting to know more about your client, over time, and then not forgetting that he's, say, an alcoholic, so you don't send him a nice bottle of wine for the holidays. Or, knowing that he's jewish, and would likely take offense at your "Christmas" gift. The above personal client "data" are things you learn from them, over time, whether they share that information with you directly, or post about it on their facebook account - i.e. publically! Either way, be careful how you use the information, as it could come across as really creepy. For example, if you say "hey, my kid just joined Babe Ruth baseball, does your son Timmy like it?" And when Jason says "how do you know my son Timmy plays Babe Ruth?!?!" You can say "oh, I remembered you posted on facebook about the game..." - be honest wherever possible.

You could, of course, get all sorts of contact information from Agency Access, or AdBase. Back in July of 2008 we wrote Getting Clients - A Few Options, and in November of 2008 we wrote Marketing 201: AdBase - A Timesaving and Valuable Tool, which does a lot of the initial research for you, for a fee, of course.


next up? What to write in that email!

----------
(* Jason Adams, by the way, is a made-up name. He's fictional. I have no idea of there ever was a Jason Adams at Spin, but, you get the point.)

Please post your comments by clicking the link below. If you've got questions, please pose them in our Photo Business Forum Flickr Group Discussion Threads.

163 Pieces of the Best Business Advice

Tip of the hat to Carol Roth for compiling this list of "163 Pieces of the Best Business Advice".

Good tips, ideas and reminders for anyone in business.

Also it's a clever way to create good content - ask other experts. It's the Chicken Soup model of writing.

Yes, I contributed. My advice is below for you.


109. Best Place to Invest?

When I started my business I left my corporate job with a separation payout. They were downsizing. I visited my financial planner and asked how to best use that money- pay down my mortgage, invest in mutual funds or stocks? He first asked me to explain my new business which I had started part time two years earlier. His advice was to invest the money in my business because that would give me the best return over the next few years. I followed that advice. It was good advice.

Thanks to: George Torok of Power Marketing.

And here are some pieces of advice that resonated with me



2. Wise Words from Henry Ford

While I never met Henry Ford (I'm too young to have known him), his words live on and have inspired me on many a day:Whether you think you can or think you can't, you're right.Believing I could start and grow my business played a huge role in the success I am now enjoying. Thoughts become things. What thoughts are YOU thinking?

Thanks to: Randi Busse of Workforce Development Group, Inc..


9. I'm Anxious Today-- Excellent!

When you have your own business, you will never have the "right" amount of work: there will always be too much or too little. Therefore, you will always be anxious. The trick is to stop thinking of anxiety as a bad thing. Instead, say to yourself, "I'm anxious today- excellent! This means I'm alive." Thinking of anxiety as one more form of energy-- fuel-- keeps you focused, committed, and excited about achieving your goals day-to-day.

Thanks to: Frances Cole Jones of author of "The Wow Factor".


25. Attention
Pay attention to the things you can control, not to the things you cannot control.

Thanks to: John Pulsifer of Jolly John Auto City.


37. Create an Advisory Board

The best business advice I received when starting my company - Loyalty Factor LLC - was to create an advisory board of senior-level individuals who believed in me, and the business model. The board had to include marketing, sales and financial experts. I was surrounded by experts in all aspects of a business and had the support system to encourage and energize me to exceed my goals and objectives. Capitalize on other people's experiences and expertise to strengthen your own.

Thanks to: Dianne Durkin of Loyalty Factor, LLC.


105. Sweat the Little Things.

My grandfather was a craftsman and an artist. His business was to make things look good. He told me that if you don't sweat the little things, then the big picture will suck.This bit of advice isn't simply about "paying attention to the details," but this is more about having the business discipline to be meticulous about the aesthetic, the functional and even the peripheral pieces that inevitably contribute to whole of the business.The little things are what really matter.

Thanks to: Dave Racine of Pierce Cleaning.


134. Stay Dispassionate

Tip: Nothing is as good or as bad as it seems at first. I received this tip from a friend. One of the most important things in managing a business is maintaining your equanimity, not over-reacting to situations (positive or negative). Many times we faced critical problems like key contractors leaving at crucial moments in product development, issues that could have sunk us if we didn’t manage it properly. But by maintaining an unemotional approach, we turned the problems to our advantage.

Thanks to: Gaurav Bazaz of Pravega Inc..


Here's the full list of 163 Pieces of the Best Business Advice

Here's the Carol Roth site


George Torok

Host of the weekly radio show Business in Motion

Listen to Business in Motion Podcasts

Listen to Business in Motion on iTunes



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Jan Nichols, Bay Gardens Inteview

Interview with Jan Nichols, President of Bay Gardens Funeral Home in Burlington and Hamilton, Ontario.

Listen to podcast

This is not your standard funeral home. It’s exciting. It has high ceilings, a waterfall and videos screens.

Insights from this interview:

“The most successful opening of a funeral home in North America. Most are lucky to get 100 people to attend. We had over 800!”

“Rooms are named after waterfalls, plants or ponds instead of being called Salon A and Salon B.”

“People want food at a funeral – but not in the same room as the body or in the basement.”

“Reaching out to non-profit organizations and giving them free access to meeting rooms.”

Listen to this podcast of the 30 minute interview with Jan Nichols here.

More podcasts from Business in Motion

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Free Marketing Tips

Free Power Marketing Tips by email
Get your free copy of "50 Power Marketing Ideas" when you ask for the Power Marketing Tips newsletter

Marketing tips at Youtube

Marketing tips at Slideshare.

Free Marketing Tips Lens on Squidoo



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Article Directories

Publish your articles on article directories to promote yourself and showcase your expertise. It can also build traffic to your site.

Article directories are also a good place to research topics, issues and the market.

It is free to publish your articles and free to read them. You have permission to reprint these articles as long as you follow the reprint conditions shown on the directory site.

Here are a few of the article directories that I use to publish my articles.

Ezine Articles

Thinking Articles

a1Articles

SearchWarp

Go Articles

ArticlesBase

SelfGrowth

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Google SEO Antics - Revenge of The Algorithms

Well, Google's at it again! Back in September of 2008 (here), I wrote all about how the good people in the bowels of the Googleplex, in an effort to improve peoples' search results, had tweaked the algorithm just enough that a number of photographers websites fell off the radar. This was happening to a number of photographers across providers, platforms, and hosting companies. This is akin to a "rolling blackout" where whole areas of a geographic region get hit with a loss of power, in a coordinated manner to reduce the load on the power grid. However, in this case, entire sections of the web are getting lost in Google purgatory while the algorithm experts decide if you should return to your "little spot of heaven" or be banished to the hell that is beyond page 3 in the search results.

If you're in that purgatory right now, you're feeling the heat in the form of a fear that you will lose clients, and perhaps never return to your previous search-engine-return-position (SERP). Know this - you are not alone, it's just your time to feel the pain of the "rolling blackout" of Google's dominance.
(Continued after the Jump)

Make no mistake, friends, about you marketing efforts - SEO is definitively not a "set it and forget it" effort. Get out there and build quality links from relevant places to your website. Switch out your images with new ones - all of these things (and others) are what makes Google happy - fresh content that has inbound links from trusted sources.

If you did a half-hearted SEO effort with your provider, regardless of who they are, and have just let it go - you have little to blame but yourself. If you did a decent SEO effort, realized the results, and rested on your laurels - you have little to blame but yourself. SEO is an ongoing effort that you must stay on top of if you are to experience good results over the long term. Blaming Google or your provider isn't a solution. Am I aware of users of certain providers (NeonSky, liveBooks, etc) experiencing this? Yup. Are they to blame? Nope. Just like some crappy self-built-by-your-college-age-nephew website can rank #1 and then fall off the map, so too, can a $3,000 premium-brand website that was ranked #1 vanish. Your success is up to you.

Since both Rob Haggart's sites, along with those of liveBooks (disclaimer - liveBooks advertises here on PBN) have "shadow" sites showing an HTML edition to be more easily spiderable than a Flash site, let's discuss the concern about what some are worried about called Google's "duplicative content" penalty. On the face of this, it's a flawed argument, because if Google could spider the Flash edition of the site, then there would be no need for the HTML version, right? Thus, Google is blind to the Flash version of a tricked-out site and only sees the HTML version, so how can Google see, for example, celebrity portrait photographer Brian Smith's flash site (here) when it can only read his html version of his site (here)? The answer is, they only see the HTML version.

If you're looking for someone to handle your SEO for you, I encourage you to contact two people I trust on SEO matters, William Foster (a Sacramento-based photographer who does SEO consulting), or Blake Discher (a Detroit-based photographer that also does SEO consulting).

Lastly, unless your name is Richard Avedon, Annie Liebovitz, or some other celebrity photographer, no one is searching for you by name - they are searching for you by geographic region/area, or by your specialty - maryland portrait photographer, or maryland wedding photographer, for example. So, don't go gauging your visibility by a vanity search, unless you're vain.

Related:
Search Engines And Your Website (9/26/08)

It's Google's World, You're Just A Small Part Of It (11/28/07)

SEO - Wild Wild West or Reason and Logic? (3/4/08)


Please post your comments by clicking the link below. If you've got questions, please pose them in our Photo Business Forum Flickr Group Discussion Threads.

How Harley Fell Into The Commoditization Trap


As Published in Forbes

by Richard D'Aveni


In January Harley-Davidson announced higher-than-expected losses of $218.7 million for the final quarter of 2009. The motorcycle legend also announced that it anticipated sales of between 201,000 and 212,000 in 2010. Compare that with sales of 349,000 in 2006, and you get an idea of the ills that have beset the company.

Now, you might presume that Harley, with its premium-priced, iconic product, could not, definitely not, be affected by the phenomenon called commoditization, where a product becomes indistinguishable from its competitors. You would be wrong. The long straight highway has had a few hidden potholes, and in those potholes commoditization has lurked in the guise of both cheaper Japanese competitors like Honda and sexy upstarts at the top end like Big Dog.

Based on an in-depth study of more than 30 industries, I have identified the three most common patterns that create commodity traps: deterioration, when low-end firms move in with low-cost, low-benefit offerings that draw away the mass market; proliferation, when companies develop new combinations of price and unique benefits to attack part of an existing market; and escalation, when competitors offer more benefits at the same or a lower price, squeezing everyone's profit margins. Sound familiar? It certainly would if you were a Harley executive.


The company has faced two out of those three woes: deterioration and proliferation.
Harley first fell prey to commoditization in the 1970s, when it was undermined by a reputation for poor quality, lack of innovation and inadequate customer service. Japanese rivals such as Honda, Suzuki and Yamaha took advantage of its weakness and offered motorcycles at lower prices with better reliability. It was a textbook example of deterioration.

The outcome was predictable, if not inevitable. In spite of its legendary status, Harley's market share shrank from 39% to 23% between 1979 and 1983. The company could either slash prices to hold onto its market share or hold prices but concede share. Neither move would lead to financial health, given the firm's fixed costs.

The company's future looked grim at that point. But after a leveraged management buyout in 1981, Harley's leadership turned the company around. They kept its classical advantage in engine power but also emphasized a valuable secondary benefit: branding based on its rebel image and iconic status. This made the Japanese rivals' advantage in reliability less important as an inducement to purchase and value motorcycles. Rebels care more for role models than reliability.

Key to this was the launch in 1983 of the Harley Owners Group. HOG became the largest factory-sponsored motorcycle club anywhere and now has over a million members. HOG helped Harley develop a brand that could be extended to apparel and collectibles and reinforced the brand's adventurous, bad-boy image. The company roared back. During the 1990s buyers had to wait in line for months to get their bikes. In 2003, its centennial year, the company announced record revenues of $4.6 billion, up 13% from the year before.

My research found that in 2002 Harley customers were willing to pay on average 38% more for a Harley-Davidson motorcycle than for a similarly equipped bike from one of the big four Japanese companies, Honda, Yamaha, Kawasaki and Suzuki. Harley commanded this premium even though a Japanese bike at the same price offered 8% to 12% more power, measured by engine displacement. Harley customers were willing to pay more for less than purchasers of the most popular Japanese models.

A feeling of victory was understandable. Harley's turnaround showed how a company could--initially, at least--fight back successfully against commoditization by differentiating its products.




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Fifteen Tips for Giving Great Radio Interviews

Great Interviews
By Pam Lontos

Besides spreading the word about your product or service, what’s the best thing about landing a radio interview? The answer is: you can conduct the interview wearing your pajamas! But there’s a catch. You can’t sound like you’re wearing your pajamas.

That’s right. Even though you’re talking on the phone to the reporter and no one can see you, you still have to communicate a professional image. Otherwise, the radio producers might bump you from the show and they definitely won’t call you back for future stories.

So how can you ensure that you make the right impression and, perhaps more importantly, that you’re called back for more interviews? You can use the following fifteen tips for giving great radio interviews:

1. Allow yourself private time prior to the interview. Use this time to relax and focus. Imagine that you are speaking with the interviewer face to face. Rehearse the points you want to make and remember that you can never be too prepared.

2. Seek a quiet spot for the interview. If you are speaking from home, close yourself off in a room with few distractions. Turn off your computer, TV, or radio, and clear your desk so nothing can take your mind off the conversation.

3. Write your main points before the call begins. Do not read scripted responses from a pre-printed sheet, because reporters can tell when something is being read to them versus when you’re giving honest answers. But do prepare a note card with three to five topics you would like to touch upon during the interview. That way you won’t struggle with an answer during the interview.

4. Show that you care about the reporter and their story. Be helpful and responsive to their requests. Ask the interviewer what you can do to make his or her job easier. Then really listen to their answer and be an eager, accessible source of information.

5. Stand while giving the interview. Even though you’re talking on the phone, act as if you were giving a live presentation and stand tall. Standing will raise your energy level and you will be more alert than if you sere sitting. Radio interviewers love energy and can really pick up on your mood.

6. Smile, and answer honestly and sincerely. People can hear your smile over the phone and a reporter will feel more comfortable after hearing the joy in your voice. Also, the sound of smiling builds a rapport with interviewers. If they feel they can trust you, they will think of you first for their next interview.

7. Put energy and spunk into your voice. No one wants to listen to a monotonous drone on the radio, and the reporters and producers know this. So even before the interview, assure the radio reporters that you’ll be pleasant to the listeners’ ears by putting energy into your voice. This could make the difference between a mundane interview and a great conversation.

8. Have backup information handy. Reporters will inevitably ask you one question you don’t want to or can’t answer (this is another place your note card comes in handy). In case you are unable to respond, you can say, “That brings up an interesting point...” then go on to one of your prepared statements. Or, offer to find out the answer to the questions and get back to them as soon as possible.

9. Be concise. The average answer to a given question is only nine seconds long. If you cannot convey your message in this short amount of time, your answer will not be used. So be careful not to ramble and stick to the facts. Don’t overload the reporter with unnecessary information that is not directly related to the story.

10. Be forthright. Answer the reporter’s question accurately and thoroughly, and don’t be afraid to give away too much information. Many business professionals fear that they might give too much and then no one will buy their product or service. But it’s impossible to spoil years of experience and training in a five minute radio interview, and the radio listeners will actually want more when you give them a little. So answer the questions and don’t say, “You’ll find the answer to that when you buy my product or service.”

11. Use the word “you” often. The word “you” draws the listeners in and helps them relate to what you’re saying. And always give the listeners a reason to pay attention by adding benefit statements to the facts in your presentation.

12. Let the reporter lead the conversation. The reporter most likely has an agenda for the story’s development already in mind, so don’t attempt to take over the conversation or talk about points the reporter does not want to cover.

13. Incorporate personal experiences into your responses. Audiences love to hear firsthand accounts of experiences relating to the topic. It helps them feel as if they know you personally. But make sure you stay on topic and don’t get distracted with your story.

14. Be prepared to back up your claims. Reporters want factual information. So instead of saying, “The majority of people do this...” say, “Eighty-five percent of my clients do this...” And don’t say, “I think” or “maybe.” Speak with authority and confidence.

15. Find future stories. After the interview, thank the reporter and ask what other stories they’re covering. Even if their other stories don’t directly pertain to your business, explain how you can be beneficial to what they are investigating.

Interviews in the Future
Although radio interviews usually only entail a ten minute phone call, you still need to take your time and prepare for it beforehand. You don’t have to shower and shave, but you do need to have energy and excitement in your voice. During the call, you want to put your best foot forward with clear, honest, and accurate responses. And when you’re finished, don’t forget to thank the reporter and offer to help on other stories.

When you use these fifteen tips for giving great radio interviews, you’ll communicate a professional, expert image to the reporter and the audience for you and your business.

About the Author:
Pam Lontos is owner of PR/PR, a public relations firm that specializes in professional speakers, authors, and experts. Having been an author, speaker, and former VP of Disney's Shamrock Broadcasting, she knows the ropes of getting you good publicity and how to use it to really boost your business. Call for a free consultation at (407) 299-6128, and sign up for a free publicity tips e-newsletter at www.prpr.net.
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George Torok
Host of Business in Motion


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Getting Clients - A Few Options

Probably the number one comment I get about people who are looking to find reasons to avoid all the business issues of photography - that is - improving their bad practices for good ones - is that their current clients have come to accept things like buyouts/all-rights/work-for-hire; no shipping charges; no post-production charges, and so forth.

"How do I start charging my clients for these things now?" I get asked.

You don't.

"Then how do I get clients that will pay for these things?"
(Continued after the Jump)

Get new clients.

But it's supposedly not that simple.

But it is easier.

First though, let me backup. If you've been in business for awhile, and not been doing things right, you have clients that expect too much for free, or too much for way too cheap. It would be problematic for you to simply alter your business practices overnight for these clients. You'd likely loose them - before you're ready.

Instead, make the decision that as of today every client you take on will be handled differently. Appropriate fees, licenses, contracts, and so forth. Eventually, you will be so busy working for these clients that you won't have time to work for your previous clients, and you will transition away from them. Or, you may be able to sustain your business with your new clients, and grow your business by migrating your old clients to your new way of doing business.

How to find new clients?

Tuscon photographer Will Seberger forwarded me a post from his blog - WHEN THE GOING GETS WEIRD, THE WEIRD TURN PRO, which has a number of great insights, and is well worth a read. Will brought to my attention Mastheads.org, so I thought I'd take a look:
And it looks interesting. For $24 a year, you get to see the mastheads of just over 600 publications. Yet, that's less than 25% of the magazines that are available in ADBASE's North American database alone.

Is this the "craiglist" version of ADBASE and AgencyAccess? Quite possibly. It also appears that as other members submit mastheads, their list grows, so it is, to one degree or another, reliant upon other members to submit the masthead information.

To get alternative perspectives on this, I turned to the folks at ADBASE and AgencyAccess for their take. Nelson Nunes, President & Co-Founder of ADBASE, which has been around for over a decade, wrote "Mastheads.org is good if you are only interested in getting a few names off of a select number of mastheads. If you need to create or update a mailing list for direct marketing purposes, you would still have a considerable amount of work to do."

Ok, so what do the folks at AgencyAccess think?

Keith Gentile, CEO and Co-Founder of AgencyAccess commented "Mastheads.org is a great secondary source for photographers for research. AgencyAccess takes their data a step further by allowing photographers to customized these lists by specialties, titles, locations, hire frequency and much more...With AgencyAccess you are also paying for these added features which you will not get at Mastheads.org. I do however recommend getting the service as an extra as it can be helpful."

Ok, on the surface, it seems like spending the $24 isn't a bad idea, but as a complement to either of the above services. but there are risks to just relying on Mastheads.org.

Nelson Nunes at ADBASE wrote "you would still have to analyze the masthead to determine which contacts are of interest to you (i.e. involved in selecting a photographer), enter all the information into a database and double check every piece of information to make sure you didn't make any entry mistakes. The first time you do this, you would also have to check that the address provided in the masthead is the correct address for the contacts of interest to you as generally the contact information provided is for the advertising sales department." And that's a good point. Doing so takes a great deal of time, and the amount of time involved adds up fast.

Nunes continued and he noted what I had already concluded, but his math and explaination is succinct, I'll note it here:"say you can scan through a masthead every 5 minutes (which is aggressive if you include double checking and breaks -- it's pretty tedious work), that's 12 per hour on average. If you have a list of 600 magazines, that will take about 50 hours. Even if you have an assistant working for only $10 per hour, that's more than the cost of subscribing to a full-year Editorial Edition from ADBASE that also includes book publishers. Now that's for only one update. If you plan to send out additional mailings throughout the year, you will have to update the list again costing your more time and money."

And I can't stress enough the value of accuracy. When I get correspondence with my name spelled "Jon", or "Herrington", it's a dead ringer that the sender isn't starting off on the right foot. In fact, I have been known to purposefully misspell my name on some forms I have to fill out just to see how they use/re-use/sell my name. When the person's name on the masthead says "Kathryn Taylor", and you start your e-mail off to them "Dear Kathryn", and anyone who knows her knows she goes by "Kate", to her, that's a dead ringer that you're someone to ignore. So too with "Dear Patricia" for Pat, "Dear Clifford" for Cliff, and so forth.

Keith Gentile over at AgencyAccess noted "Agency Access also allows the client to download the list as labels, telemarketing reports and text files making it easy for the client to send out emails and mailings. The advanced tools of AgencyAccess allows the photographer to efficiently promote their services in a timely fashion." Time. I can't stress it enough. So many people just don't start (or maintain) a marketing program because the way they are doing it takes time and effort. The tools that both of these provide makes it so fast and easy to maintain, it's of value just for those tools, not to mention the list of e-mail addresses at your fingertips. The ability to go into a service, track who got what, when, and to be able to further refine your search is critical. I wrote about this (Kenny Rogers Had A Point, 4/21/08), and how it works.

What is missing, however, is that Mastheads.org is all about MASTHEADS. EDITORIAL MASTHEADS. The resources of ADBASE and AgencyAccess includes Art Directors, Design Firms, Creative Directors, Art Buyers, and so forth, and so on.

Nelson summed it up well when he wrote "Mastheads.org is not a replacement for a fully researched comprehensive database like ADBASE that guarantees accuracy. Furthermore, if you need to create or maintain a mailing list for direct marketing purposes, so much work is involved in extracting a proper mailing list from Mastheads.org that the cost of an ADBASE subscription more than pays for itself."

I couldn't agree more.

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