Showing posts with label small business marketing. Show all posts
Showing posts with label small business marketing. Show all posts

Tuesday, December 9, 2014

The truth about one-page letters


Imagine this. You’re meeting with your lawyer to review an important business contract and she hands you one page. You ask, “Where is the rest of the contract?” and she replies, “We have a rule in our office that contracts can only be one page. I couldn’t get all of the clauses in, but I got the most important ones.”

Absurd, right? Who could possibly imagine that the length of a contract determines its effectiveness? When it comes to contracts, we clearly choose completeness over brevity.

Why is it then that when it comes to letters, we are convinced of the opposite? I can’t tell you how many times clients have asked me to draft a letter with the overriding instruction being it has to be one page.

I’m well aware of the many famous quotations that say it’s harder to write a short letter than a longer one. And as a writer, I know that my first draft will almost always be too long. But that just says that three pages might be better than four and yes, that one might be better than two. It doesn’t mean that a one-page letter is a necessarily superior form of communication.

To be clear, I’m not talking about perfunctory letters that are simply designed to convey a small amount of information. The letter letting me know that my electricity is about to be disconnected for non-payment doesn’t need to be more than one page.

But if your letter is intended to have impact, to shape opinion or to influence decision-making, imposing a one-page limit is counter-productive. In discussing clarity v. impact, Seth Godin says, “…often, being crystal clear about categorization, topic sentences and the deliverable get in the way of actually making an impact.”

It seems to me that if you are bothering to write in the first place, you might as well do the best possible job of communicating. You demonstrate your respect for your customers by not sacrificing form over function. You are saying to the reader that you are so important to our organization that we are prepared to take the time to fully explain what it is we have to say.

On top of that, multi-page letters deliver greater results. For example, in the fundraising world, they have been proven to result in more donations.

Let’s turn this around. The real question isn’t whether a one-page letter is superior. Rather, it’s why your customers or constituents won’t read a multi-page letter from your organization. The answers to that question may reveal deeper, more important issues. Here are some possibilities.

Your letters aren’t well written. The insistence on brevity is often an admission of ineptitude. People read columns, articles and books every day. They all exceed one page. If a letter is well written – with an effective hook to interest the reader – and with content and style that is compelling, people will make it through that extra page or two.

It’s not important to them. If people aren’t reading your letters, it may indicate that you have lost touch with them. What you are writing about isn’t important to them. Or, apropos to the point above, you have in the first paragraph or two failed to establish why the reader should continue on. In either case, you need to spend a little more time re-connecting with your reader.

They are not engaged. If your customers don’t perceive there to be any value in their association with your company, they are not going to be interested in your letters – whether they are one page or four. Any communication with a constituent is only as good as the experience that has preceded it. You may have a much larger problem on your hands that has more to do with branding than letter-writing.

The reality is that when someone says, “People will never read more than one page” it’s not an assessment of the inclination or ability of the reader. It’s an admission that there’s something lacking in the relationship with the customer to whom the letter is being written.

So, the one-page letter becomes a self-fulfilling prophecy. Providing less information and context diminishes the possibility of engagement and makes it even less likely that the constituent will read a longer letter in the future. Unless you break the cycle, you will be doomed to a future of brief but ineffective communication.

What do you think?
Do you insist on one-page letters? Are people just too rushed to be bothered to read multi-page letters? Do you have any experience or data to shed light on the question?

Monday, April 7, 2014

Big data for not-so-big organizations

Read any business, marketing or management publication these days and you're almost certain to find an article about Big Data. The natural conclusion is that big data is for big organizations. That could be because just the term "big data" will leave those responsible for smaller organizations either terror-stricken or in a boredom induced coma. But concluding that not-so-big organizations have nothing to learn from the lessons of big data is a big mistake.

First, let's deal with this big name, "big data." While its true that there are companies that are combing terabytes of data to develop the algorithm that will predict the buying patterns of consumers in Wichita, those organizations represent the vast minority. Don't be intimidated by references to big data. Rather, consider how increased use of data can help you make better decisions.

Quoted in a CNN Money post, Sheryl Pattek, a principal at Forrester Research said, "It's not really a question of big data as much as it's a question of the right data. It's about turning data into insights that you can act on to drive business."

In other words, when it comes to data, size doesn't matter. However the value of data is irrefutable. As a recent report from Teradata concludes, "The evidence is proving that companies that act quickly based on data-driven decisions are succeeding over their peers."

This is particularly the case with marketing efforts. As the same report says, "data-driven marketing bridges the gap between what you do and what customers want."

So, where to begin? What data should you be sure to be assembling and how can you use it?

Contact information. This may sound ridiculously obvious but an e-marketer report on big data (ironically titled, Using Big Data Still a Challenge for Marketers) concluded that contact data was the most important for marketing success. Do you have an email address, or better yet, the most current email address for every customer or constituent? Do you have a program in place that makes it easy and encourages people to update their contact info? Once you've dealt with those questions, shift the analysis to prospective customers or donors and ensure that you have complete information for them. For example, do you have a first and last name to go with every prospect email address? Without that info, you eliminate the possibility of email personalization and the chances of converting that prospect into a buyer become slim.

The e-marketer report also presented the most valuable data that execs said was unavailable to them. Those data categories are essential to organizations. These are some of them and what you can do about them.

Web behavior. You better have Google Analytics running on your site. If not, stop reading this post and immediately contact the person responsible for your site. There is a ton of information that Google Analytics makes available to you that in turn will give you insight into the behavior of visitors to your site. Some examples: Where are they coming from? Is it from searches in a browser and if so what are the keywords that are delivering them? Alternatively, is there an external link that is responsible for referrals? What pages are people looking at on your site? Are they the ones that are important to purchases or donations? Should you re-jig content to increase conversions? The list of questions and resultant actions is endless. Google even provides a bevy of success stories that you can learn from.

Demographics. Hopefully you have lots of information about the people you engage with - whether as prospects or buyers. This includes age, income, location, maybe even marital status, number of children and other data that might be uniquely important to your organization. For example an independent school may want to know what schools siblings attend or attended. You should be able to construct the profile or profiles of your archetypical buyers. Then the question becomes where do you find more just like them.

Purchase (or donation) history. If you can track not only what people have committed to but the path they took getting there, you have powerful information. Combine this with demographic data and you could build powerful personas that you you can use to target marketing and messaging. For example if you discover that people with a particular combination of demographic markers are more likely to buy (donate/apply) when presented with certain information, you can target that segment and get them that information sooner or exclusively.

You can see that the same big data that C-level execs are looking at can benefit any organization - even those that aren't so big. The CNN post referenced above said that big data "seems to mean everything and nothing at the same time." That may be true but there is no denying that, as I said in a previous post, the discipline of data is the foundation for marketing innovation. No matter how large your organization don't dismiss the big ideas behind big data.

What do you think? 
How are using the premise of big data to further the success of your organization? What did I miss? What advice do you have?

Thursday, February 20, 2014

4 ways to change your customer relationships forever

Forget about customer satisfaction. Your real goal ought to be customer transformation.

Every now and then you come across an idea that is just brilliant. Do yourself a favour and read a Harvard Business Review post from a couple of years ago called, "Who Do You Want Your Customers to Become?" In it, Michael Schrage a research fellow at MIT Sloan School’s Center for Digital Business, argues that just meeting the needs of customers or even addressing their pain points, isn't good enough.

His assertion is that most business owners see customers only as a means to the end goal of growth or profitability. True success however comes from making the customer the raison d'etre of all business activity and asking the question, who do you want your customers to become? Shrage turns the classic approach to innovation on its head. Instead of asking how can we design better products and services, the more powerful question is how can we design better customers. Think about Apple. Ten years ago, their customers never imagined the ways in which a smartphone would impact their lives.

It's a powerful idea. But does it have practical application for the 99.9% of businesses that lack the god-like aura of Apple? Can a manufacturing company or a professional services firm really transform the lives of its customers? The answer is a resounding yes but it demands that you answer an incredibly challenging question. For my business, what do I want my customers to become? Do you want them to use products differently or implement new processes or take a more sophisticated view of an industry? Another way of looking at it is what is the intersection point of a better state of being for my customers and improved business performance for me?

The path to changing the reality of your customers begins with a very practical question. How can you  begin to transform the lives of customers today? Here are 4 ways.

Engage. You can't begin to think about making customers' lives better without knowing who and what your customers are today. Give them tons of opportunities to tell you about what they want and need. That can be done using social media or various forms of market research. Or better yet, go out and meet with your customers. In person. Nothing can replace the power of a face to face conversation.

Inform. Make sure your customers are up to date with the latest trends and best practices. Yes, they should be subscribed to your blog and receiving of all your case studies. But you can also point them to other sources of information – industry sites and newsletters, conferences and webinars for example.

Connect. Create communities for your customers. Give them the opportunity to talk to others in the same industry or those from different industries with similar challenges. How? You can create online forums or social media communities. But the low tech approach may be the best. Introduce your customers to other customers – one-on-one or in gatherings. Enable them to develop the relationships that will make a difference to their business.

Inspire. Help customers set the bar higher. Empower your customers to see beyond their current realities and imagine something better - whether its a new product, process or ultimately better results. Provide your customers with white papers that detail the cutting edge of the industry. Connect them to inspiring people. Talk to them about – or better yet introduce them to – businesspeople who dared to dream. Share your own aspirations.

The reality is that by making your customers both the means and the end goal of business success – by putting them at the very centre of what you do, you not only have the potential to transform your customers, but you will create a truly powerful relationship with them. No pricing strategy, customer satisfaction plan or quality assurance program can match the impact of transforming the lives of customers.

What do you think?

Is the goal of customer transformation reasonable and attainable? How would you achieve it? I'd love to hear your thoughts.