Posts Tagged ‘marketing strategies’

Gaining access to the inner circle

Wednesday, September 21st, 2011


I’m probably not telling you anything you don’t know when I say that most prospects don’t respond well to the direct head-on sales approach. If for no other reason, it’s almost impossible to get into the inner circle that way.

Although the following video was specifically developed for my Gentle Rain Affluent Marketing subscribers, I think you’ll find the strategy helpful regardless of the type of services you offer. It’s in today’s video:

Talk soon
Mark

PS: Would you benefit from some personal coaching on how to attract more affluent clients?

How To Persuade Others

Monday, September 12th, 2011


The key to persuading others (and converting prospects into clients) is to understand their mindset.

Here are some basic questions you’ll want to make sure you know the answers to about your clients, that will dramatically help you be more effective in the sales and marketing process:

This video may take a few seconds to load:

The Mindset of your clients from Mark Satterfield on Vimeo.

If you’re ready to take the next step this will be of interest.

Good food for thought
Mark
PS: I’m looking for a small number of qualified individuals who can learn our marketing system to handle the overwhelming demand for our services. MORE INFO HERE

You may be interested in getting this

Tuesday, August 23rd, 2011


I just finished writing an article that you may be interested in receiving.

Although it’s titled Gentle Rain Coaching-Is It Right For You?, it’s really my observations on establishing a vision for your company, avoiding some of the traps that hinder our success, and the journey I took to take my business to the high six figures.

It’s also about some of the frustrations that are unique to those of us who run small consulting or advice-giving businesses.

If you would like to read it CLICK HERE

But do me a small favor? If you request it please take the time (it shouldn’t take more than 15 minutes) to read it. Regardless of whether you decide to become a coaching client of mine, I think you’ll find it contains a lot of good food for thought. Things to reflect upon. Things to consider as you as move forward on the entrepreneurial journey.

Thanks

Mark

PS: CLICK HERE to get it

You Have A Great Idea…so what?

Friday, July 8th, 2011


It’s a bit harsh, but having a great business idea doesn’t amount to much.

Sometimes it’s hard to get our head wrapped around that. Unfortunately “great ideas” are the proverbial dime a dozen.

The reality is that ideas aren’t the important part…execution is. And that’s where most business efforts languish.

As my friend and publicity coach Steve Harrison says, “It’s easy to get excited about a new idea. It’s very tough to stay excited.”

That’s the reason why it’s so important to place a stake in the ground. Focus on one project and put the business blinder on. Commit to launching this one project before you move onto the next one. And, yes, I realize that this is very difficult for any of us who have a strong entrepreneurial orientation.

For years I was guilty of getting excited but not following through. However, at the end of the year, I’d look at what I’d actually accomplished, and it was pitiful. Lots of whirling activity. Very little in terms of tangible results.

Which is one of the reasons I hired a coach (and continue to do so to this day). In many cases it’s not the “new insight” the coach brings as much as the accountability it forces to make sure you’re getting things implemented.

Great ideas don’t mean much. The real question is, “Can you execute it?”

Food for thought
Mark
For Those Serious About Execution

Attracting Prestigious Clients

Monday, May 16th, 2011


In every market there are the most prestigious clients. Those that if you could attract them as clients, they would propel you into the elite.

The challenge becomes, why should they pay attention to you? What’s the best method for getting them on your radar screen?

In today’s video I share a strategy anyone can use to attract marquee clients:


RELATED LINK

An Overlooked Branding Technique

Tuesday, April 19th, 2011


In today’s video I share an often overlooked technique for branding and differentiating yourself. It doesn’t cost any money to implement and when done consistently it can be enormously powerful.

This video may take a minute to load so please be patient:

How To Get More New Clients Using Thought Leadership from Mark Satterfield on Vimeo.

Take The Next Step

Why Your Marketing Doesn’t Work

Monday, November 29th, 2010


Unfortunately, the reality is that most marketing doesn’t work. Doesn’t produce the results people want.

However, the reason “Why?” is actually fairly simple. In fact it boils down to a surprisingly small number of variables. Here’s the biggest one.

You focus on Activities rather than on a Marketing System. Let me briefly explain about what I mean.

Ask most people what they are doing to get more new clients, and what do you hear?

“We’re updating our website.”
“We’re doing social media.”
“We’re doing some email marketing.”

Sound familiar?

But, let’s drill down a bit.

OK, you’re updating your website. But how are you driving traffic to it? What’s the call to action once people are there? What do you want people to do? (Call you for a “free” consultation is too big a request for someone coming to your site for the first time-you need to make an offer that’s easier for them to say “Yes” to.)

OK, you’re doing social media. But do you really know what that means? “Social Media” has quickly morphed into a generalized term. It’s a bit like saying, “Let’s go eat American Food”. Way too general.

Social media encompasses everything from blogs to LinkedIn to Twitter to Facebook to countless other resources. What REALLY is going to be most effective for you? (And despite what the zealots say, Twitter is not a great investment of energy for many b2b businesses.)

But even more important is…there are a lot of dots that need to be connected between setting up a Facebook page or opening an account on LinkedIn and getting those people to pay you money for your services. Do you know what the dots are? Do you know how to connect them? If you don’t, it’s likely you’ll become “Socially Popular” but see nothing added to your business bottom line.

Finally…OK you’re doing some email marketing. But to who? Where are you buying the list? How are you going to get it opened and read? And…most importantly…what are you asking readers to do? Again, “Call you” is way too big a request. Hardly anyone will respond.

Here’s what you need to do.

STOP focusing on ACTIVITIES (websites, social media, direct mail, smoke signals, whatever) and START thinking about a MARKETING SYSTEM.

It’s not that complicated. Especially if you remember that marketing has two distinct components.

1) Get people to opt-in to your list…get them to express a tiny bit of interest in who you are and what you do by OFFERING THEM SOMETHING OF VALUE FOR FREE. (The easiest thing is some sort of article, report or mini-course. You can see an example HERE. Believe it or not, this page alone attracts 15 new opt-ins a day.)

This is how you get people into your Circle Of Relationships.

2) Once they’re in the circle (and not before) THEN you can start selling them on why they should do business with you.

That last sentence is very important. I would argue that not following that principle is the key reason why so much marketing doesn’t yield the results you want.

Trying to sell people on doing business with you, when you don’t have a relationship with them, is the definition of cold selling. The rejection rate is huge, and it just crushes most businesses.

So to reiterate…

Step 1: Get people into your circle of relationships by offering them something for free.

Step 2: Once they’ve opted-in and raised their hand, then send a series of messages that are design to build trust, credibility and convert them into paying clients.

I know…I know…YOU ALREADY KNOW THIS.

But, here’s the question…

Are you doing it?

Odds are you’re not.

And you really should. It’s not that difficult if you take things step by step. In fact after 18 years of doing this, I’m more than ever convinced that anyone can have a marketing system up and running inside of 45 days.

The time to start taking steps to achieve your 2011 goals is now.

Isn’t this the year that you finally put in place a marketing system that generates consistent streams of new prospects and then turns large percentages of them into paying clients?

Isn’t this the year that you finally end the feast or famine business cycles?

I hope so.

As always, let me know if I can be of assistance.

Talk with you soon,
Mark
RELATED LINKS
*Want to work personally with me and have me guide you on how to implement your marketing SYSTEM?
*Let Us Create A Micro Lead-Capture Website For You

My Neighbor Charlie, Just Filed For Bankruptcy

Monday, November 1st, 2010


My neighbor Charlie, just filed for bankruptcy.

It was the prime topic for conversation this past weekend, so I suppose you could say this is a cautionary tale.

What’s got everyone talking (and one or two of the neighbors a bit fearful) is that Charlie seemed to be doing OK.

If memory serves, he advised retailers on supply chain issues such as transportation and warehousing.

Had a couple of fairly large clients as I recall.

I bumped into Charlie at Starbucks this morning-said I had heard the news. What Charlie said was interesting. I’ll try to quote the essence, although the exact wording is my own, not his.

“I guess I saw if coming for a while but I kept thinking that things would turn around. Obviously, they didn’t. The thing is, I thought I was doing all the right stuff. Clients liked me. One of them kept me on retainer for 2 years.

I suppose in hindsight that lulled me into a false state of security.

The problem is that I never really had a big base of people who knew me. I wasn’t good at attracting new people into my ‘circle of relationships’ and obviously didn’t do a good job of converting the few I did have into new clients.”

“Never really had a system for building new relationships…”

“Quite frankly, I thought I didn’t need one.”

I asked Charlie, what he was going to do next?

“Haven’t a clue”, he responded.

I feel bad for Charlie. He wasn’t a particularly close friend, he wasn’t a client, but still, his story makes me sad. I guess we could argue that this is the risk anyone who operates their own business faces. And certainly, at age 48 the odds of Charlie getting another job in corporate America (especially in this economy) are slim.

But I guess what makes me the saddest is that it didn’t have to turn out this way. There’s more than enough information out there (or which mine is only one voice in the choir) that would have been enormously helpful to Charlie.

Yet he never took advantage of any of it.

Never even tried.

I’ll admit that as a marketing person, I don’t really understand that…the unwillingness to try.

But even though I don’t understand it, what happened to Charlie makes me sad.

I get the sense that this happens a lot.

And that’s a shame.

Certainly food for thought.
Mark
File: Marketing Thoughts

The Only 4 Questions That Matter

Friday, September 24th, 2010


OK, I’ll go ahead and say it.

We’ve pretty much turned into a nation of lazy thinkers.

If the answer doesn’t immediately pop into our heads, too bad…on to other stuff.

Which is fundamentally why you don’t have as many clients as you wish you had.

It’s got nothing to do with, “My clients won’t read my sales letters/emails/messages.”…ect. ect.

It has everything to do with the fact that you don’t make it interesting for them to do so.

And, the reason you haven’t made it interesting is because you haven’t spent any time thinking through The Only 4 Questions That Matter.

OK, I’ll admit, you’ve probably heard these questions before.

But…

Odds are you never really came up with good answers.

Because the answers weren’t immediate. (Or the answers that you did come up with are pretty basic and probably the same thing that all your competitors came up with.)

So maybe now is a good time to do some mental heavy lifting.

R-e-a-l-l-y THINK about the answers.

Don’t be satisfied with the first thing that pops to mind.

THINK

Because if you do…I guarantee that you’ll be able to communicate with your prospects in a way that makes them interested in hearing what you have to say.

Which will get you lots more new business.

4 simple questions.

1) Who are your clients? (Hint: It’s a subset of whatever just came to mind. Second hint: Who’s most likely to be a client in the next 6 months?)

2) Who are your competitors? (Hint: It’s more than Competition Inc. The real competition is what your prospects are doing now. Thus your competition might be “doing nothing” all the way to “completely inefficient methods for solving the problem for which they don’t see a real reason to change.”)

3) Why would your prospective clients prefer to work with your competitors rather than you? (Hint: The only way you’ll ever do a good job of addressing objections is if you can argue the other side of the position.)

4) What would make them prefer to work with you? (Hint: What added value does your solution bring? This should be the easiest question to answer.)

The answers to these questions is what your sales and marketing strategy is based on. So…before you do anything else, you need to figure this out.

Food for thought.
Mark
*Go HERE if you want some help thinking these through

Advanced Tool For Great Sales Presentations

Tuesday, August 31st, 2010


As you develop your sales stories and presentations, one factor you’ll want to give consideration to is what’s referred to as the “arc”. This is more than simply the length of the story, although “long arc” stories are, as one might surmise, longer than short arc ones.

Stories are usually told in self-contained units. “Here’s the beginning. Here’s the middle. Here’s how it wraps up.” Certainly nothing wrong with that, and from a practical perspective most of your stories will be in this self-contained, short arc format.

However, some of the most successful sales stories, especially those that are used in presentations are in a long arc form. What this means is that the story is introduced early in the presentation. However the speaker or writer may leave the story periodically only to return to it later on. The long arc story provides bookends for the entire story although there may be shorter stories that are interspersed within the overall presentation.

The long arc story traces its roots to television. Historically TV episodes were self contained units. In the space of 30 or 60 minutes an entire story was told from beginning to end. The next week a brand new story was told. Aside from the main characters, there was little continuity from week to week.

The television show “Wise Guys” in the 1980s is largely credited with introducing the concept of the long-arc series. The season opener introduced a plot line that was not resolved until season end. Some individual shows made no reference to the long-arc plot line, while other episodes advanced the long-arc plot incrementally. It was a tribute to the writers that they were able to maintain audience interest for an entire season, while also including numerous single-show plot lines that were entertaining for the casual viewer. This long-arc format is now successfully used by many shows.

But what makes this particularly interesting is the application to sales presentations and other speeches you might give.

Let me share an example.

In my presentation on Unique Sales Stories that I deliver to groups, one of the key points I want to make is that people remember stories, they don’t remember facts. It’s my belief that one of the reasons why people don’t get as many referrals as they ideally would like is that they aren’t top of mind. When they describe what they do, it isn’t memorable.

Why?

One of the main culprits is that they use facts to describe what they do rather than telling stories. Thus if you want more referrals you need to tell more unique sales stories.

OK, simple enough.

One way I could get that message across is to simply communicate it as I just did. That would probably work OK, but since I’m advocating using sales stories as a tool for getting more referrals, I ought to do exactly just that. Thus to make this point, I use a long arc story.

I start the presentation by saying, “I went to Washington University in St. Louis.” Pause. “Fun fact to know and tell.” Longer pause.

I then go into my presentation during which I share that as the son of a university professor when it came time to apply to colleges, that was a big deal in the Satterfield household.

I applied to three schools. Since I always loved to read and write, one of them was Princeton University which was the school of F. Scott Fitzgerald. Plus, if you’ve ever visited it, Princeton looks exactly like what you would imagine, ivy covered walls, a university straight out of central casting.

I also applied to UCLA, the University of California at Los Angeles. Growing up in New England in the late 1960s, I wasn’t too much different from most other guys. If you couldn’t be James Bond, you wanted to be a really cool surfer dude. Thus, the appeal of UCLA.

I also applied to Washington University in St. Louis (you always have to describe it that way since there are so many schools with the name “Washington” in them.) Dad was from St. Louis, which is how it originally got on my radar screen, but what was most appealing to me was that it offered co-ed dorms. Quite the cutting edge in dormitory living circa 1973.

Anyway, Princeton sent me a very nice letter, “In the effect that hell does freeze over, we would be more than happy to reconsider your application.” However both UCLA and Washington University in St. Louis let me in. That led to a short conversation with Dad (who was financing this experiment in higher education) who said to me that he thought that if I went to UCLA I would probably become a pretty good surfer and flunk out my sophomore year. (Apparently he hadn’t noticed the mention of co-ed dorms in the Washington University materials.) Thus off I went in May of 1973 to St. Louis.

At this point in the presentation I stop and ask the audience to take out a pen and piece of paper. I ask them to write down the name of the school I went to and then the names of the two schools I applied to but did not go to. I then ask them to turn the paper over and tell them that we’ll return to it a bit later on.

My presentation then goes on to talk about other applications for using Unique Sales Stories. At one point I mention again that it’s my premise that people don’t remember facts, they remember stories and that we’ll find out if that is really true shortly. What I’m doing here is seeding and reminding the audience about the long-arc story which is about where I went to college.

I’m now about to wrap up the presentation so I ask the audience to find the piece of paper that they wrote down the answers to where I applied to school, but not to turn the piece of paper over. I ask them to write down on the back of the paper the name of the school that I went to. I then ask them to write down the names of the other two schools. Finally, I ask them to compare what they’ve written down on the back of the paper to what they wrote down on the front.

Here’s what typically happens.

Virtually everyone gets the names of the schools right the first time I ask them to write them down. That’s to be expected. But here’s what’s very interesting. Typically 85-90% of the audience gets the answers correct the second time as well. This is the tangible proof that people remember stories.

If I had simply said that I went to Washington University in St. Louis and by the way, I also applied to Princeton and UCLA, 10 minutes later no one would remember. (And I’ve actually tried this and the recall results are pretty depressing.) By telling a story, people remembered what they would otherwise likely forget.

This story is introduced very early in my presentation, referred to briefly in the middle and then concluded at the end. It’s one of my signature long-arc stories and does an outstanding job of making the specific point that if you want to be remembered, you need to tell stories.

Since I make the cryptic statement of “We’ll see if I’m right a bit later on”, interest and curiosity increases. That’s one of the benefits of the long arc story.

Granted a long-arc sales story requires a bit of time. Thus it’s ideally suited if you’re preparing a speech or a sales presentation. Naturally, if I can be of assistance to you in developing one, please let me know.

Talk soon,
Mark

INTERESTING LINK
Ever thought about becoming a business partner of mine? Click on this LINK to learn more.