Showing posts with label Marketing Strategies. Show all posts
Showing posts with label Marketing Strategies. Show all posts

Monday, October 29, 2012

7 Courageous Ways Apple Became America's Most Valuable Company



I found this article about not just Apple, but what makes them one of the best. I thought I would share this piece by Carmine Gallo.

Steve Jobs started Apple in this garage.
This week Apple became America’s most valuable company—ever. Remarkably, Apple is worth more than Microsoft and Google combined. As the author of several books on Steve Jobs as well as the Apple retail store, I’m often asked about applying Apple’s techniques to companies and leaders in other fields. I’m happy to share my ideas. I think anyone can learn to give a presentation like Steve Jobs, to be more creative and innovative like Steve Jobs and to offer customer experiences on par of the Apple Store. But learning the techniques and adopting the techniques are completely different. It requires a curious mind to learn about Apple’s techniques, but it takes courage to implement them. Unfortunately, courage is in short supply. But for those who have it—true bravery—anything is possible.
One day last year I drove by the house where Steve Jobs and Steve Wozniak started Apple. Contrary to the legend, Apple actually started in the spare bedroom of the house before moving to the kitchen table and finally to the garage! I got out of the car to take a walk around the neighborhood, thinking about the walks Jobs and Wozniak must have had together, dreaming about changing the world. I wondered to myself, What attribute did those two young men have that others don’t? One word kept coming back to me: courage.


Here are 7 areas where you need to show courage if you intend to stand apart from the competition.
Courage to block out the bozos. I like to say that that innovation sits in a lonely place because few people have the courage to pitch radically new ideas and the self confidence to stick to their convictions. Steve Jobs had a vision to put computers in the hands of everyday people. Remember in 1976 computers were relegated to the hobbyist market and few people believed they computers would be household items. Some skeptics told Jobs that there was no reason why anyone would need computers in their homes. Jobs didn’t listen and went on to pioneer the personal computer. In 1997, Apple was months away from declaring bankruptcy. Michael Dell said he would shut it down and give the money back to shareholders.  Steve Jobs didn’t listen, streamlined Apple’s inventory significantly, and outpaced every public company in America. In 2001, most retail analysts told Jobs that his Apple Store ‘experiment’ wouldn’t work. Jobs didn’t listen and today the Apple Store is the most profitable retailer in America and copied by stores in every category. In 2007, many observers questioned why Apple would enter the market for smartphones. Jobs didn’t listen and today, as fellow Forbes contributor Tim Worstall discussed, the iPhone business is now worth more than all of Microsoft. And in 2010, many customers were skeptical that they needed a third device between a notebook and a smartphone—the iPad. Jobs didn’t listen and today the iPad has revolutionized the way we live, work, play, and even the way we take care of health.



Courage to keep things simple. Steve Jobs once said, “I’m as proud of what we don’t do as I am of what we do.” In 2007 cellphone manufacturers were adding features to phones to make them ‘smarter.’ More features added complexity for consumers. Steve Jobs had the courage to eliminate the clutter, including the keyboard itself. Part of the iPad’s success is that it is incredibly easy to use. Since there’s only one button on it, even a 2-year-old can use it. Don’t believe me? Search YouTube for “2-year-old” + “iPad” and see how many people post videos of their children picking up an iPad for the first time. Apple’s lead designer, Jonathan Ive, once said, “We are absolutely consumed by trying to develop a solution that is very simple, because as physical beings we understand clarity.” In 1998, Steve Jobs told a business reporter that one of his mantras was focus and simplicity. “Simple can be harder than complex. But it’s worth it in the end, because once you get there you can move mountains.”

Courage to communicate simply. The average PowerPoint has forty words. It’s nearly impossible to find forty words on the first ten slides of a presentation given by Steve Jobs or current Apple executives. Bullet points don’t inspire; simple stories and pictures do. When I tell middle managers to simplify their slides, many will tell me that their boss wants more words and that it wouldn’t be received well.  So we compromise, making small changes that can still help their presentations be more impactful. Some leaders, however, go all in. They create and deliver presentations that inspire their audiences and generate more sales.

Courage to say no. When Mark Parker became the CEO of Nike, he called Steve Jobs for advice. Steve Jobs told Parker that Nike had a lot of great products, but also a lot of crap. “Get rid of the crappy stuff and focus on the good stuff,” Jobs said. Enough said
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Courage to enrich lives. When Steve Jobs and former Apple head of retail, Ron Johnson (now CEO of JC Penney), started the Apple Store, they decided not to ‘sell stuff.’ They had the vision of building a retail store that would ‘enrich lives’ instead. When you start a company with the vision of enriching lives, interesting things begin to happen. Jobs and Johnson challenged retail convention in many ways. Enriching lives meant they opened stores where people live their lives—in the mall, not twenty miles away. They had the courage to run a non-commissioned sales floor, alleviating the pressure on customers to buy something ‘today’ and, as a result, build long-term customer loyalty.

Courage to empower employees. Apple Store employees are empowered to do what is right for the customer. If a specialist (sales associate) spends one hour with a customer and doesn’t make a sale, that employee will not be reprimanded by his or her superior. This doesn’t happen in most other retail environments or call centers where employees are pressured to spend less time with customers, not more. Another brand considered the gold standard in customer service—The Ritz Carlton—applies the same philosophy, as does the online shoe retailer, Zappos. It takes courage to trust your employees and it pays off in customer satisfaction.

Courage to hire for passion over proficiency. The Apple Store values a magnetic personality as much, if not more, than proficiency. It can train people to explain its products. It can’t teach passion. It can’t teach friendliness. It can’t teach personality. Steve Jobs once said, “What made the Macintosh great was that the people working on it were musicians and poets and artists and zoologists and historians who also happened to be the best computer scientists in the world.” It takes courage to have this attitude and to hire people from outside your industry. The Apple Store learned that former teachers make great salespeople. Today Apple has some of the best staff of any retailer. It took courage to get there.
If you’re tired of below-average results, you need to change your thinking and make radical changes in your attitude. Stop taking the path of least resistance, the easy way. Be brave. Be bold. Have the courage to believe in yourself and your ideas.


Carmine Gallo is the communications coach for the world’s most admired brands. He is a popular 

The Presentation Secrets of Steve Jobs

The innovation Secrets of Steve Jobs
The Apple Experience: Secrets to Building Insanely Great Customer Loyalty

Re-posted by Mark Wiggins
CEO Xtreme Effort Speaking and Consulting
Customer Service Training for Museum Stores and Gift Shops
Mark@Markthespeakerman.com 

Tuesday, October 2, 2012

Great First Impressions Without Nervousness!

Our goal is successful business networking.

Using our best Business Etiquette, we want to create a lasting and profitable business relationship with a potential customer, partner or investor.  Another area to master is creating a great first impression.

When you meet someone for the first time, you should project the 3 Cs.

Confidence
  • Have a straight and relaxed posture.  Hold your head high and steady.  Never slouch or slump.
  • Maintain eye contact with the person or people you are talking to.
  • Move naturally and not robotic
Competence
  • Exhibit knowledge of your craft.  
  • Answer questions in a clear and professional manner.  Avoid the use of slang or technical jargon.
  • If you're leading a meeting, know your way around your agenda.  Be prepared for the meeting and bring supportive materials to emphasize your points.
  • Ask relevant questions
Credibility
  • Arrive on time.
  • Be presentable (well groomed and mindful of dress codes).
  • Stay true to your word.

Minimizing Nervousness

Meeting people can be anxiety-provoking.  The need to impress another person can be a lot of pressure.  

Here are 5 ways to minimize nervousness while in a social situation:
  1. Be informed.  When you can, take time to research the people you're going to meet:  their work, values, and preferences.  Knowing what is expected from you can prepare you adequately.  Nervousness is amplified by going into a situation blind.
  2. Practice! Practice! Practice!  Networking is a skill, which means you can develop it with practice.  Practice your Introduction in front of a mirror and note what you need to improve.  Get feedback from others about the impression you give. Try to meet as many people as you can.  The more you do it, the easier it gets.
  3. Learn relaxation techniques.  There are many activities that can help you relax your nerves.
    • Meditation
    • Self-Talk
    • Visualization
    • Breathing Exercises
    • Listening to music
  4. Identify your triggers.  If nervousness is a real problem for you, it is recommended that you identify what triggers your nervousness.  Is it lack of confidence?  Is it fear of authoritative people?  Awareness can help you catch yourself in time and respond accordingly.
  5. Believe in what you have to offer.  It's easy to get intimidated by the success or fame of the other person.  Remember, they are people...just like you!   They would be willing to listen to someone who can offer them something that they want or need. 
Have faith in your business.  Have faith in your personal worth.  Adopt the mindset that you are doing others a service, and it's your duty to not let them miss the opportunity of meeting you!



Do You Have Good Business Etiquette?

Sit up straight.  Don't slouch.  Don't chew with your mouth open.  Don't use your salad fork for your entree.  Use your napkin properly.  

When we think of etiquette, we think of manners.  "Etiquette" in basic terms describes the customs or rules that govern acceptable behavior in social settings to include self-presentation, communication, courtesy, and hospitality.  

So how does this apply to your business?

Success in any industry relies on relationships, whether with co-workers, clients, suppliers, or investors.  when you're well-mannered and considerate in dealing with others, you create engaging, productive, and long term business relationships.  As such, it is important to learn, not just the technical side of business, but how to conduct one's self in the company of others.  

Business Etiquette can help you improve your business in the following areas:
  • Branding:  Everything you do will reflect on  your company and your products.  Your professionalism will send the message that your business is credible and trustworthy.  Personalized care may very well be your edge against your competition.
  • Customer Care:  The best way to show customers that their patronage is valued is to treat them with respect and consideration.  This in turn can inspire customer loyalty and positive feedback.
  • Employee Engagement:  Good manners will help improve morale and confidence between employees and team members.
  • Team Synergy:  Good manners will help establish smooth working relationships within a team, which contributes to greater productivity.
In the next few articles, you will learn the guidelines for the practice of business etiquette across different situations.

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Recommended Reading:

Friday, August 17, 2012

Find a Niche and Stand Out

One of the first steps to business planning is determining your target market and why they want to buy from you.

For example, is the market you serve the best one for your product or service?  Are the benefits of dealing with your business clear and are they aligned with customer needs?  If you are unsure about the answers to any of these questions, take a step back and revisit the foundation of your business plan.

The following tips can help you clarify what your business has to offer, identify the right target market for it and build a niche for yourself.

Know Exactly What You Have to Offer

Beyond basic products or services, what are EXACTLY are you selling? Consider this example:  Your town probably has several restaurants all selling one fundamental product--food, but each is targeted at a different taste or clientele.

One might be a drive-thru fast food restaurant, perhaps another sells pizza in a rustic Italian kitchen, and maybe there's a fine dining seafood restaurant that specializes in wood-grilled fare.  All  these restaurants sell meals, but they sell them to targeted clientele that is looking for the unique qualifies each has to offer.  What they are really selling is a combination of product, value, ambiance, and brand experience.

When starting a business, be sure to understand what makes your business unique.  What needs does your product or service fulfill?  What benefits and differentiators will help your business stand out from the crowd?

Be Strategic and Specific... Not a Jack-of-all-Trades

It's important to clearly define what you're selling.  You do not want to become a jack-of-all trades and master of none because this can have a negative impact on business growth.  As a smaller business, it's often a better strategy to divide your products or services into manageable market niches.  Small operations can then offer specialized goods and services that are attractive to a specific group of prospective buyers.

Own Your Niche and Become the Expert

Creating a niche for your business is essential to success.  Often, a business owner can identify a niche based on their own market knowledge, but it can also be helpful to conduct a market survey with potential customers to uncover untapped needs.  During your research process, identify the following:
  • Which areas your competitors are already well-established
  • Which areas are being ignored by your competitors
  • Potential opportunities for your business