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Obama Therapy

January 25, 2009

The endless drone of monumentally bad news and unfathomable events has left so many Americans, no, citizens of the entire world, numb.  It seems as if 2 or 3 billion people are suffering from a form of PTSD – except the trauma goes on.

I don’t think its a far stretch to say that the population in general has reached a state of clinical depression.  An erosion of hope will do that to you.

That brings us to Barack Obama.

It doesn’t really matter what side of the political spectrum you’re on. There’s no denying the election of and inauguration this week of Barack Obama has had a therapeutic effect here at home and around the world – even if its temporary

That’s because the restoration of hope makes people feel better.

For a brief moment, we witnessed nearly all Republicans and Democrats put aside their rooting interests to soak it all in.  Sure bluebirds and butterflies aren’t flying around as world peace breaks out.

But did you notice the faces of the throng on the Mall?

Did you see the faces of people as they celebrated President Obama’s inauguration in dozens of countries around the world?

Did you hear the the words of worldwide political leaders -  those we perceive as both friends and foes – as they optimistically, some cautiously, welcomed a new beginning to their relationship with the United States? (Except of course the most extreme nations.)

I’m not talking politics here, I’m talking human nature.

Sayings like “no man/woman is an island” and “you get more bees with honey than you do with vinegar” have their roots in effective communication and relationship building.

The world has immense challenges to face down.  Frankly, we all have immense challenges to face down, don’t we?  And in the business context – your customers have immense challenges to face and obligations to meet.  They’re suffering from PTSD too.  They need therapy.  They need hope.

Take a lesson from the symbolism offered by the Obama inauguration.  Offer leadership and hope to your customers, staff, and all those in your business community.  Don’t sugarcoat things though.  People know a phony when they see one and it’ll only piss them off.

Rather, tell it like it is and then share your vision and a real plan of action.  Ask for their help.

Then watch their faces light up.

Here’s a simple 5-step plan for your customers and your team:

  1. Tell them “We’re strong now – and you’re the reason we are.”
  2. Follow with “Nobody can stay strong forever in an economy like this without help.”
  3. Share a vision and a basic plan for how they can help.
  4. Ask to talk to them about their ideas.
  5. Listen.  Really listen.  Then Act.

Posted by: Steve Banis


Want to Know More about Albany Marketing firm Burst Marketing?
Visit us at www.burstmarketing.net

 

Where’s Your Hudson River?

January 18, 2009

So there you are. Having a cup of coffee and gazing out your apartment window at the Hudson. It’s an afternoon ritual. Instantly, you hear a loud screeching noise and a jet airplane screams past your window. Then it seems to float to a landing on the Hudson River adjacent to midtown Manhattan.

Takes your breath away.

By now I’m sure you’ve heard the story of how the extraordinary landing executed by captain Chesley B. Sullenburger II saved 155 passengers and crew aboard a US Airways flight a few days ago.

It was clear thinking and decisive action in the middle of a crisis that made this latest “Miracle on 34th Street” (according to NY Governor David Patterson) possible.

Now we should all follow his lead.

Economic chaos continues to influence the mindset of businessowners and consumers. Here in Albany, the NY Capital Region, fear and uncertainly are taking hold despite being somewhat insulated from the dire circumstances in other areas.

And again I say you may never have a better time to build your business.

A study of the economic mess accelerating from 1972 – 1974 shows the following figures:

Dow Jones Industrial Avg (from highs):    – 45%
Unemployment:                                          7.2%
Inflation:                                                  12.3%
30 year Mortgage:                                      9.8%

Now the same figures for 2006 – 2008

Dow Jones Industrial Avg (from highs):    – 45%
Unemployment:                                          7.2%
Inflation:                                                    5.6%
30 year Mortgage:                                      5.1%

The market drop and unemployment rates are bang on. But the rate of inflation and interest rates are significantly lower. (of course inflation ultimately has to be affected by over a trillion new dollars in the system.) Money is cheaper and prices are still relatively low. Business is still being done.

Do you think everyone folded up their tents in the 1970s. Certainly not. Those with clear heads and a strong vision backed them up with decisive action and created some of today’s biggest success stories.

Companies founded in the 1970s

Southwest Airlines
Microsoft
Apple
FEDEX
Oracle
SAS
Genentech

I wouldn’t have minded buying a few shares in these guys back then. Point is, amid all the doom and gloom – while your competitors are hunkering down in the corner thinking about survival – there are success stories being written all around you.

If your mindset is only about survivial then I’m afraid you may be one of those eaten in a jungle containing a few more cunning predators.

Take Action

Hone your message for the times - How will you help customers make money, save money, or save time?

Build a moat around your customers – tell them how much they mean to you and ask for their help. Same for vendors.

Target the customers of your competitors – they’re just waiting to be eaten.

Deploy a smart, targeted communications campaign to begin new conversations – Customers want answers and they need leadership.

Find others to join your community and market cooperatively.

Follow the lead of captain Sullenburger. Clear away the fog of chaos and sharpen your vision. Take decisive action. You’ll not only survive, you’ll be a hero to your customers, vendors, competitors, community, and family.

Posted by: Steve Banis


Want to Know More about Albany Marketing firm Burst Marketing?
Visit us at www.burstmarketing.net

 

Criticizing Your Competition

January 11, 2009

A major dilemma faced by salespeople in a competitive market is how they describe their competition to customers.  Too harsh, it’s sour grapes. Too meek, you risk losing control of the conversation.

I’ve always found it best to answer that question with a reasoned, light-hearted approach that draws the differences between you and them and reiterates the answer to “why you.”

Our ‘Millennial Voice’ in residence, Mary Ann Rogers seems to agree. Here’s her entry regarding negative advertising:

I have always hated the months leading up to the presidential campaigns. It’s not enough that we are bombarded to the hilt with slogans, bumper stickers, commercials on radio and TV, print ads, and yard signs begging for our vote, but add mudslinging to the mix and I’m ready to scream.

Maybe it’s my southern roots, but my mother always told me, “If you don’t have something nice to say, don’t say anything at all.” And I usually agree! Worry about yourself, I say and quit squawking about the other guy.

But I suppose negative campaigns get results; just look at how many politicians are using them. But do they work outside of politics in the world of everyday people and consumerism? Can negative campaigns have a positive effect on your audience?

Let’s look at Apple and McDonalds. These two industry giants are currently running negative campaigns, poking fun and shining an unfavorable light on their competitors.

I’m sure you’ve all seen the recent “Get a Mac” commercials featuring actor Jason Long as the hip and cool Mac, and comedian John Hodgman as the stuffy, out of touch PC. (Click here to view.) Not so subtly, PC always has a problem with his operating system or hardware and Mac’s life is always wonderfully easy. They wisely infuse humor into each commercial, so as not to anger or offend us PC users.

I found an article on Bnet.com recently that says Apple spent roughly $486 million dollars on their advertising in 2008 alone. Wow – that’s more than the gross national product of Liberia. But was it worth it? Absolutely. (Click here for full article.)

Because Microsoft waited until two years after Apple launched their negative ads to begin their own retaliation campaign, Apple was able to capitalize big time. The article claims that not only did Apple raise their ranking in the U.S. (from fourth to third this year for computer manufacturers) but they also increased their market share. The gamble paid off!

Incidentally, Microsoft’s ultimate response to Apple’s ad came with their “I’m a PC” commercials. (after the ill-fated Bill Gates/Jerry Seinfeld spots and their “blind test” Sierra operating system effort.) They feature dozens of people from around the world and all walks of life, claiming that they are not stereotypes, they are PCs and that’s ok. Not nearly as humorous as Apple’s commercials, but they get the message across. (Click here to view.)

Just this morning while I was reading the news online, making sure the world hadn’t frozen solid during the night, I saw an interesting article on CNN.com. McDonald’s has taken a note from Apple and launched their own mini-negative campaign aimed directly at Starbucks. 140 billboards have been strategically positioned throughout the city of Seattle, Starbucks’ homeland, with saying like “Large is the new grande,” and “Four bucks is dumb.” (Click here for full article.)

And while McDonald’s claims the billboards are all in fun, Starbucks is bristling at the competition, calling into question McDonald’s credibility. Ouch.  Since the campaign has only just begun, and will only be focused in Seattle, we won’t know for some time if it is effective or futile, but it will be interesting to find out.

Until then, I will continue to type away on my PC at the local Starbucks and get my kicks out of McDonald’s and Apple’s successfully humorous jabs at their competition.

Posted by: Steve Banis and Mary Ann Rogers


Want to Know More about Albany Marketing firm Burst Marketing?
Visit us at www.burstmarketing.net

 

Playing to win

January 4, 2009

Like many marketing people, I like to watch commercials. Can’t help it. Yesterday, while watching the NFL playoffs, I saw a spot from an advertiser who’s both tuned into their customers’ greatest concerns and has the fortitude to do something about it.

The Hyundai Motor Company is the world’s 5th largest automaker (Wikipedia). The Company reached this lofty position on the strength of a single marketing idea – a 10 year warranty. At the time, the Company had a poor reputation for quality and customers stayed away.

Playing To Win

But with this ‘promise’ to their customers, they took a leadership position on the question of quality.  When they announced the program, and for years after, Hyundai was the only auto company willing to back its cars with such a security blanket.

Hyundai went from irrelevant in the marketplace to a big player. Quite simply, they bet the ranch by building the entire company around this single idea. One that answered the biggest question on the minds of potential customers: Hyundai’s quality.

They were already cheaper than their rivals, but they knew it wasn’t enough. They had to vividly demonstrate their answer to the quality question in order to give consumers ‘permission‘ to buy their vehicles.

It worked big time. Now they’re trying to do it again. While much of the auto industry is fighting for survival, Hyundai is playing to win.

Hyundai’s new program – Hyundai Assurance – allows customers to return their vehicle and walk away from their loan or lease if they lose their income within 12 months of purchase.

It Takes Guts

Hyundai’s main customers are those for whom losing their jobs is a very real concern. With this program, they’re demonstrating that they understand their customer and are willing to really do something to address their concerns.  Once again, they’re trying to give people the permission they need to buy a new Hyundai vehicle.

The idea is simple – Answer the biggest question on consumers’ minds right now: “How can I responsibly buy a new car in this economy?”

They’re placing another big bet. We’ll see if it works, but boy does that take guts.  And it’s the single best example of how you can rally your entire company around your customers’ biggest concerns. If you think about it, It’s just knowing what your customer needs and giving it to them. Marketing 101. But they’re really walking the walk aren’t they?

What is the biggest question/concern on your customers’ and prospects’ minds right now? Do you have the sensitivity to tune in? And do you have the courage to do what you need to do to respond?

Or will your competitors get there first?

Posted by: Steve Banis


Want to Know More about Albany Marketing firm Burst Marketing?
Visit us at www.burstmarketing.net