Roy's Blog: Marketing

April 8, 2024

What’s Wrong With Being “Number 1” in the World?

Number 1

What’s Wrong With Being “Number 1” in the World?

Claiming that you’re “Number 1” at anything is not only misleading, it’s disingenuous.

What’s the definition of Number 1

Who measures the results among all contenders for the title?

Who decides on who gets the title? What are their qualifications to be the judge? Who decides they should be the judge? All contenders or just the claimant?

It’s easy to (disingenuously) claim you’re Number 1, but it doesn’t mean anything credible in terms of defining what separates one organization from another in the market.

Number 1 fits in the list of CLAPTRAP expressions that are (way too often) used to answer the question: “Why should I do business with YOU and not your competitors?”

Words like these dominate the competitive claims sky and render literally NO value in helping people choose one company over another: “better”, “best” and “leader”.

AND, Number 1 is one of the most NARCISSISTIC expressions out there.

”Number 1” is YOUR view of YOU.

How does that serve your customers?

It doesn’t.

It merely established you in the Number 1 herd of narcissists.

And it’s lazy marketing. It’s easy to say it when you have nothing concrete that makes you unique.

It’s hard work creating a unique competitive claim that is relevant and meaningful to the customers you intend to SERVE.

The way through the meaningless maze of aspirational thinking is to create The ONLY Statement…. “We are The ONLY Ones who….” to separate your organization from your competitors.

“You don’t want merely to be the best of the best, you want to be the ONLY ones who do what you do — Jerry Garcia, The Grateful Dead

Cheers,
Roy
My 100 Podcast Shows that will make your business and your career incredibly successful.

My Podcast Show Audacious Moves to A BILLION will share the specific Moves I made to achieve jaw-dropping growth in an insanely competitive internet business.

”The Audacious Un-heard of Ways I Took a Startup to A BILLION IN SALES” is the latest in my BE DiFFERENT or be dead Book Series.

  • Posted 4.8.24 at 05:10 am by Roy Osing
  • Permalink

April 1, 2024

5 Epic Ways to Grow the Value of Your Business

Skyrocket

5 Epic Ways to Grow the Value of Your Business.

Are you focused on growing the value of your business?

You should be.

Working ON your business needs to take priority at some point over working IN it.

These 5 value-building Moves we made to create a BILLION DOLLAR organization had amazing results; they can work for you too!

#1. Differentiate your business from your competitors — Can value be created in your business if you are the same as everyone else in the markets you serve?

You need to be The ONLY ONE who does what you do.

#2. Focus on growing top line revenueRevenue trends tell you how the market “feels” about the value you deliver.
Use it as the main indicator of whether or not you’re growing sustainable value in your business.

#3. Stop! doing yesterday’s relevance — You don’t have unlimited resources and you can’t afford to be spending time on activities that don’t add value to your business.
Whack! the stuff that isn’t on your strategy.

#4. Build relationships for long term growth; don’t chase short term revenue kicks — Set your sights on creating long term sustainable value; short term revenue bursts are fine but if you can’t maintain that level of performance over the long term they’re not value-building at all.

Put in place a relationship-building culture rather than one that focuses on sales.

Sustainable value—and growing gross revenue— is created from a customer base that is loyal to you and trusts that you will solve their problems/exceed their expectations over the long run.

#5. Execute first; plan second — Sure your plan is important, but don’t get mesmerized by it. Trying to get it “perfect”, whatever the hell that means.

While you’re trying to get your direction exactly right, your smart competitors are bypassing you because they’re executing their “imperfect” plan.

Spend 20% of your time to get your plan “just about right” and 80% of your time on how to execute it.

Cheers,
Roy
My 100 Podcast Shows that will make your business and your career incredibly successful.

My Podcast Show Audacious Moves to A BILLION will share the specific Moves I made to achieve jaw-dropping growth in an insanely competitive internet business.

”The Audacious Un-heard of Ways I Took a Startup to A BILLION IN SALES” is the latest in my BE DiFFERENT or be dead Book Series.

  • Posted 4.1.24 at 01:51 am by Roy Osing
  • Permalink

March 25, 2024

13 Proven Ways to Have Insanely Audacious Marketing

Audacious Marketing

13 Proven Ways to Have Insanely Audacious Marketing.

Audacious marketing will get you A BILLION IN SALES.

Trust me. It worked for me.

These thirteen Breakaway Moves lit up the marketing landscape and delivered delirious results.

#1. Be the ONLY ones who do what you do — You must be different from your competitors in a way that matters to your customers—The WHO.

And STOP using CLAPTRAP words like “best”, “better” and “Number 1” to describe your so-called Unique Selling Proposition—USP.
They are absolutely USELESS. They mean NOTHING. They satisfy your narcissistic view of YOU.

If you’re not “the ONLY one who does what you do”, you’re FAKING it and have nothing special to offer at all.

#2. Focus on the WHO—not mass markets—and what they CRAVE — Epic marketers choose a FEW select group of customers to serve, and excel at discovering & delivering what they DESIRE—not need.

#3. Implement initiatives to build relationships with customers, STOP flogging products and services — Sustainable marketing is all about creating trust with people with the long term in sight. An incessant desire to push products AT customers will turn them off early. There goes your revenue stream!

#4. Focus on customer LOYALTY rather than acquisition — Consistent revenue growth comes from maintaining a loyal base of customers. Growing them by satisfying what they CRAVE, and having them as an amazing source of reviews and referrals. Invest in today’s customers.

Have faith they will deliver you the growth you need.

#5. Reframe the importance of the competition: Create Barriers to customer EXIT rather than erecting barriers to competitive entry — This is a cultural component of audacious marketing. Where do you place your attention? Keeping competitors out or keeping customers from leaving. Re-read Point #4.

#6. Reserve your Special Marketing Deals for loyal customers. Don’t use them as a customer acquisition tool. NEVER! — If you lure me to you by giving me a special offer, what makes you think I won’t leave you for a better one?
And do you really think your loyal customers won’t find out you’re treating them unfairly?

Give your head a shake! Invest in the people who have given you their money for the past 5 years.
Don’t try to get the “promiscuous ones” who will leave you in a heartbeat for someone else for a better deal.

#7. Adopt a Premium Pricing Strategy by ADDING value — Simple audacious pricing principle: epic value commands premium prices; mediocre value produces “herd” pricing with commodity status and resultant low margins.
Where would you like to play? The real question is “What value can I add to sustain HIGH prices?” and not “What can I do to lower prices to compete?”.

#8. Find out how people “FEEL” about the value you are delivering — Start a new marketing cult: research and discover how people FEEL about what you are delivering to them.
Market research is flawed. It deals with mass homogeneous groups of individuals (rather than individuals) and seeks to discover what they NEED (rather than how they feel).

People buy on how they FEEL. Why not invest research dollars to FEELINGS?

#9. STOP bundling products and services and discounting prices! — Re-read Point #7. Adding products together and discounting the overall price is competing on price in disguise.

If you must bundle, combine product elements to generate VALUE greater than the sum of their parts and charge a premium price for it.
The end game is to create VALUE PACKAGES that have sufficient “juice” among target customers to generate more revenue and greater stickiness to prevent customer exit. Re-read Point #5.

#10. Create value for people that satisfies what the CRAVE, not need — Shift away from needs-based marketing NOW!
Competition in the “need space” is intense and plentiful, and prices are always under pressure (with margin-squeezing the result).

On the other hand, there are very few—if any—organizations that play in the CRAVINGS space, where the objective is to discover what people desire, covet and lust for. The CRAVINGS space is exceedingly attractive for enhancing customer loyalty with personalized solutions with a high FEELINGS FACTOR—re-read Point #8—and charging higher prices as a result.

#11. Increase customer share not market share — Re-read Point #4. Audacious marketing’s prime directive is to increase the amount of business you do with your EXISTING customers, not increasing the number of customers you have.
If you have 40% of Customer A’s business, for example, your objective is to increase your share of their overall spend in your product and service category to a higher level.

Do you know what your Customer Share is the WHO Groups—re-read Point #2—you have chosen to serve?

You must track this type of performance data, set targets and continue to measure the results of your growth efforts.

#12. Have a direct Line of Sight between your marketing strategy and the Strategic Game Plan of your organizationDysfunction results when people in an organization are not in sync with its business plan. The plan isn’t clear, or it hasn’t been explained at a granular level as to what it means to the various functions in the organization—marketing, sales, service, finance.

Audacious marketing teams make it a priority to translate the organization’s business strategy into what it means SPECIFICALLY to the marketing team. What new actions and priorities must the marketing team take on to serve the new direction of the company and what do they need to STOP? How should scarce marketing resources be redeployed?

#13. Implement Internal Report Cards to measure marketing performance inside the organization — Marketing has internal customers, particularly Sales. The question is how well does the marketing team meet the needs of the sales force?
Does sales have all the marketing strategy details they need to effectively execute their role in the strategy? Do they have a direct Line of Sight to the marketing plan? Re-read Point #12.

The vehicle I used to measure marketing’s inside performance was the “Internal Report Card” which Sales and other departments completed regularly. The Report Card asked the recipient how well the marketing team performed (Poor, Fair, Average, Good, Excellent ratings) in areas like: responsiveness, relevance of information they provide, quality of competitive information, product and service information.

The Internal Report Card worked. It helped improve marketing’s performance and the execution of the organization’s strategy.

Audacious marketing took a startup to A BILLION IN SALES. Its growth potential is unimaginable.

If you are driven to grow your business, these 13 proven steps will get you there.

Cheers,
Roy

Check out My 100 Podcast Shows that will make your business and your career incredibly successful.

My Podcast Show Audacious Moves to A BILLION will share the specific Moves I made to achieve jaw-dropping growth in an insanely competitive internet business.

”The Audacious Un-heard-of Ways I Took a Startup to A BILLION IN SALES” is the latest in my BE DiFFERENT or be dead Book Series.

  • Posted 3.25.24 at 01:30 am by Roy Osing
  • Permalink

March 4, 2024

7 Remarkable Moves to a Jaw-Dropping BILLION in Sales

Jaw-dropping

7 Remarkable Moves to a Jaw-Dropping BILLION in Sales.

How did we take an early stage internet company to A BILLION IN ANNUAL SALES?

Was there one “silver bullet” that explained the phenomenal growth we achieved?

NO!

The BILLION was the result of doing many things that resonated with people in the organization and encouraged them to join our growth journey.

Here’s my Pithy Seven.

#1. Have a plan made to EXECUTE! — My Strategic Game Plan method allowed us to create our strategy FAST! and get on with execution, learning and adjusting it “on the run”.

#2. Be the ONLY one who does what you do. — We rejected the traditional CLAPTRAP claims like “We’re the best…” or “We’re number 1…” and created “The ONLY Statement”, a granular claim that distinguishes one business from another in a way that customers CARE about.

”Lawn and Garden Co. is the ONLY service partner who delivers tailored Property Development solutions for stratas. We only serve Strata Corporations.”

#3. “Cleanse the Inside” of your business. — We cleansed our organization of the CRAP, GRUNGE and STUPID POLICIES that created friction in the value delivery system.

#4. Be a “Line of Sight” leader. — To prevent organizational dysfunction we translated what our strategy meant to each and every employee on our team in terms of what additional things they needed to do and what they had to STOP doing.

#5. Hire for “goosebumps”. — If a prospective employee gave me goosebumps in telling me their story showing how much they “loved” human beings I HIRED them.

#6. Market to what people “CRAVE”, not what they need. — We morphed our marketing machine to discover what our customers desired, lusted for, coveted and craved, spaces where competitors were virtually nonexistent and premium prices could be applied without objection.

#7. Deliver “gasp-worthy” service experiences. — Our Customer Serving Strategy was more than delivering promised value, it was all about taking the customer’s breath away when they engaged with us.

Cheers,
Roy
My 90+ Podcast Shows that will make your business and your career incredibly successful.

My Podcast Show Audacious Moves to A BILLION will share the specific Moves I made to achieve jaw-dropping growth in an insanely competitive internet business.

”The Audacious Un-heard of Ways I Took a Startup to A BILLION IN SALES” is the latest in my BE DiFFERENT or be dead Book Series.

  • Posted 3.4.24 at 04:57 am by Roy Osing
  • Permalink