Tag Archives: Customers

Are you a successful business?

Three of the most important things startups need to focus on / demonstrate if they are raising money, want to grow or just plain want to be successful:

1. Gaining customers (or if no proof of concept then a list of qualified customers)

2. Showing they know how to grow their business

3. Demonstrating profitability and ROI

These points may sound easy to achieve and you may be saying to yourself, ho hum, I don’t need to read further.

Point number 2 – showing you know how to grow your business is key to not only getting funding but to keeping your business healthy. This is something that many startups and small businesses don’t focus on. They say cash is king and “they” are right. Sometimes companies become very successful very quickly and can’t handle it. Prepared for growth. By managing your cash flow you can set goals to grow your business, manage cash on a monthly basis and get a clear picture of what’s going on in your business. Make sure you understand all the financing options available to you – traditional as well as alternative and invoice factoring.

Don’t put your entire business at risk because of something that’s easy to plan for and track.

Here’s some interesting related points:

http://www.alleywatch.com/2014/02/5-red-flags-of-startups/?utm_source=AlleyWatch+Daily+Pulse&utm_campaign=c1ae92d926-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_e01c347085-c1ae92d926-62886025


Sandra Holtzman teaches CEO 035: Licensing.

She is the author of Lies Startups Tell Themselves to Avoid Marketing.

Are you a successful business?

Three of the most important things startups need to focus on / demonstrate if they are raising money, want to grow or just plain want to be successful:

1.       Gaining customers (or if no proof of concept then a list of qualified customers)

2.       Showing they know how to grow their business

3.       Demonstrating profitability and ROI

These points may sound easy to achieve and you may be saying to yourself, ho hum, I don’t need to read further.

Point number 1 – gaining customers is something that many startups and small businesses don’t focus on. They fall into my Lie #1 – If I build it, they will come.  Investors (and actually the company owners should feel this way too) are looking to see where your market is – are you marketing?  And startups, even marketing startups, often get lost in this space.  Ask yourself:  Would I invest in a company that can’t show me their market?  The customers lined up to buy the product as soon as it’s available?  A list of beta-testers?  ANY INTEREST AT ALL?

More and more I’m seeing startups and small businesses flounder in this area.  Forget for the moment Michael Moore’s crossing the chasm…these businesses aren’t even getting the early adopters.  Take heed and show the market interest.

Here’s some interesting related points:

http://www.alleywatch.com/2014/02/5-red-flags-of-startups/?utm_source=AlleyWatch+Daily+Pulse&utm_campaign=c1ae92d926-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_e01c347085-c1ae92d926-62886025


Sandra Holtzman teaches CEO 035: Licensing.

She is the author of Lies Startups Tell Themselves to Avoid Marketing.

GOOD THINGS TO DO FOR BETTER CONTENT

Brandpsych logo

Sometimes we need a checklist to remind us of what is important. In the new world of all things “Content,” let’s review:

➢ Emphasize what your products and services do to satisfy your customers’ wants and needs

➢ Don’t market based on YOUR own preferences and behaviors. Think / Be Consumer Centric! Develop and use the number one communications skill of –“I’m Listening,” which indicates that you care if you act on what you are hearing.

➢ Explore customer behaviors and lifestyles and shopper personas. How do customers self-define their personas?

➢ Have customer data that is not influenced by your mindset. This is the customer era – bottom up not top down.

➢ Rely on onsite research to deliver insights into content useful to customers. What will initiate their discovery that you/your brand can help them solve their wants and needs problems?

➢ Good marketing content begins in imitation and develops innovation. The innovation doesn’t have to benefit those who are not your target market. Create specific strategies to focus mainly on loyal customers.

➢ Create your ideas for interactions by engaged-with potential customers

➢ Plan to answer customer questions in Real-Time (or Close-time). Remember – “I’m Listening – hearing – and acting upon your requests.”

➢ Develop intriguing, fascinating, compelling content that draws consumers into your brand’s world. The sense of discovery will bring attention, interest, desire and action (AIDA still applies).

➢ Trust and transparency in content and actions are critical to maintaining a sustainable relationship with today’s customers

brand content Drawing by Art Winters
Drawing by Art Winters

What do we understand and what can we put to use from this review of some of the key elements of Content Marketing Communications?

Let us know what you think…

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.