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The most successful entrepreneurs focus on marketing and sales.
If your brand is not in alignment, your touch points will not create a clear and consistent image of who you are and the value you deliver. As a result, customers and prospects will have a harder time getting to know and trust you, which can end up costing you lost revenues and profits. Most big companies do an exceptional job of keeping every detail of their brand in perfect alignment. You always know what you’re going to get when you buy a Nike shoe or McDonald’s fries. Why? Those fries stay in the fryer at exactly the same temperature, for exactly the same amount of time, whether you’re consuming them in Seoul or Sioux City.
For example, big companies consistently use a professionally created visual identity on uniforms, trucks, letterhead, signage, web sites and marketing material. They’ll script and measure customer service, and spend millions of dollars in advertising to make sure the word gets out about what they do.
Walt Disney, the entrepreneur, would not have made the same mistakes that Michael Eisner, the corporate manager, did with Disney’s California Adventure. Walt was absolutely in it for profit, but he knew what it took to create an immersive, engaging environment for families. Eisner put his objectives of 20% annual growth in revenues and profits ahead of delivering value, and in so doing, significantly devalued the Disney brand. Entrepreneurs may get the little stuff wrong, but we are so passionate about who we are and what our organizations should deliver that we usually have the right general concept about what it is that we’re doing for our customers.
Is your logo the one everyone sees most often and most prominently at your place of business? Logos are a key part of identity, yet we put up everyone else’s logo in our workplace. Who’s logos are on your pens, pencils, coffee cups, calendars, display racks, etc?
Staples has sold 1.5 million easy buttons at $5 each. The novelty items, born out of a Staples ad campaign, have generated $7.5 million in revenue for the company. Travelocity's gnome continues to roam, as the travel site has sold more than 20,000 of its 8-inch gnome statues at $19.99 a pop. Last month it added an 18-inch version for $64.95.
An “out of alignment” seller of military surplus offers its biggest sale of the year on Labor Day. An “in alignment” military surplus retailer does its biggest promotions on Veteran’s Day weekend. The retailer gets extra “alignment points” if he or she adds a small line of type at the bottom of all advertising to the effect that there are special discounts for veterans.
Is a discount on your customer's next order the best you can do? How about donating in your customer's name to a charity that reflects your shared values? Another idea: find a gift that reflects your brand. At Fresh!, we send a gift basket of Fresh! fruit from Harry and David.
Were you aware that each generation has its own preferences and habits? Which generation are you going for? Baby Boomers? Generation X? Generation Y? If you’re selling to Generation Y, you better understand PDA and text messaging. If you’re selling to baby boomers, you better have type big enough for them to read when you want them to read something!
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