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How lunch nearly cost millions in sales

February 8th, 2011

When a famous, free agent pitcher moved to Boston to join the Red Sox, he and his wife bought a home that needed to be completely redecorated. Mrs. Pitcher called a well-known furniture and design store for professional

Red Sox and their wives rave over interior designer. She picked up the phone while colleagues kept eating their lunch.

guidance – she didn’t stop to consider it was lunchtime. As the phone rang, two interior designers worked away at their sandwiches while my friend – the third interior designer – stopped lunching and picked up the phone. By the next day, she’d secured a six figure order and a host of recommendations and referrals to the other players’ wives, who also needed six figures of redecoration for their multi-million dollar homes.

In an industry struggling to survive the real estate crash, as interior designers and decorators lament the lack of value placed on their expertise, as sales people complain about the lack of advertising and lead generation support, it seems the least one could do is put down the sandwich and pick up the phone when it rings. You never know who may be calling or to where it may lead.

Oh, the Impact of Bad Press (Releases)

December 3rd, 2010

When I’m invited to speak about public relations, publicity and press releases, the marketing professionals and engineers in the audience usually want to know how to use PR to generate leads and get the word out without heavy investments in paid advertising. They want to use PR for good. But few consider the dark side: the use of PR with good intent but bad execution.

It’s often hard to see the results of badly executed publicity. Could more people have attended your trade show talk? Could the TV crews have descended on your booth instead of salivating at the old technology across the aisle? Could your new product have earned the front cover of a key industry magazine instead of being bumped in favor of your competitor’s technology? There’s simply no way to know how much buzz about your company or product wasn’t created or how many leads weren’t generated by allowing your product or company to be hindered by badly executed PR. Conversely, it’s easy to see the results of effective publicity in terms of media placements, retweets, search engine domination and lead generation, buzz in the industry, and even in attracting and recruiting skilled reps and staff.

It’s always a thrill to see your news release placement on the first page of the search results, knowing you’re driving prospects to your Web site at the expense of your competitors. But what if that news release doesn’t say exactly what you really wanted it to say? What if the facts or prices are wrong? What if instead of showcasing the benefits of your product or service it inadvertently brings attention to one of its few shortcomings – and the competition seizes on it, even touts the news release as an admission of the shortcoming from your own company? What was greeted at first as a PR victory becomes an embarrassment that will never…go…away.

It seems simple enough to be sure your own news releases present your products and services in the best possible light. But if it is so simple, then why is there so much badly executed PR out there?

Here’s How I’ve Seen It Happen

1.       OMG, we have a trade show tomorrow! An email from the show organizer arrives with a (second) reminder to provide a press release for the show Web site and for the at-show press room. So many bases were covered before the trade show that this one was overlooked. A copy and paste of a press release from last year’s trade show is hastily cobbled together and sent just in time to be included in the show organizer’s email to all registered media. Unfortunately, nobody checked to be sure the updated, upgraded product specs were included and it was published touting old, outdated technology.

2.       Our vendor (or customer) wants to do a joint PR story. They email the press release with an invitation to check the facts. They want to release it Monday morning. While the story isn’t unacceptable, it could offer a more compelling idea and you’re company is second fiddle. But who has time for a rewrite? At least your company location and date of founding are corrected. The press release flies out the door on Monday for the sake of expediency. But no one understands your product or service better than you and your team do. Leaving its presentation in the hands of a partner company with competing goals often carries greater risk and cost than perceived along with missing out on an opportunity to fully tell your story.

3.       My daughter (or son) is a business major and needs writing experience to get a good job next year. Having had the very rewarding experience of teaching college level journalism students how to devise a compelling news release, how to write it and how to present it to the media, I’ll simply state that students typically aren’t ready to develop materials that journalists want to publish. On the occasions I’ve seen this situation happen, the effect on the company’s exposure or sales hasn’t been positive. However, it has rankled employees in the marketing department and in other departments where staffers expect their work to be given the professional quality marketing expertise and attention it needs to succeed. After the engineering team toils for years on a new product, for example, it’s reasonable for them to expect marketing to give its launch serious attention.

4.       My boss wrote this – you can’t make any changes. You cringe at the thought of talking to a journalist knowing he or she is looking at the press release you’ve just sent – with your name at the top. How did your job go from establishing a corporate identity, inspiring the sales team and boosting sales to shilling for the boss’s pet project? The press release lacks a newsworthy story angle, is loaded with fake quotes that read in a way that people would never speak and it is filled with industry jargon and outdated buzzwords like “mission critical”. But nobody wants to say anything or rock the boat. It goes out the door as is and runs the next day on the Web sites of the two key trade magazines in which the company runs full page ad programs. Boss thinks it’s a success yet fails to see how this project affected the company’s credibility with the media (and his/her staff’s credibility), nor did the boss grasp the impact internally. It also missed an opportunity to score more effective, more widespread publicity. Another PR person might have devised a more effective way to promote the project and privately presented the boss with the alternative before releasing the second quality news.

With so much time, effort and investment involved in developing products and services, it seems senseless to allow your good news about them to be badly written and presented. Not every product or service is going to be a winner but if the commitment to how it is presented to the news media is lacking then even your winner product or service may become a loser or fail to deliver the anticipated ROI. No matter how bad PR gets generated, whether it happens in your company or is replaced by effective PR is a choice.

Afraid of What Your Web Site Inventory Might Reveal?

November 9th, 2010

At least every year, manufacturers, distributors and retailers typically conduct a physical inventory of their warehouses and shelves to see exactly what’s on hand. Comparing what’s actually there to what your inventory management software shows should be there and what your memory believes is there often reveals striking differences. Rookies quickly update the inventory software and move on with day to day operations. Veterans who’ve driven this process understand these differences aren’t merely numbers to be reconciled but symptoms of inefficiencies. “Of course you’re hoping that what’s on the racks matches what’s in the computer but that’s not likely to happen,” says Mike Dorsey, vice president of manufacturing for plastics design and manufacturer Meese Orbitron Dunne Co. (www.Meeseinc.com). “Any difference in the item count is an opportunity to find a hole in the process, close it up and become more efficient.” At some companies, it’s common for outdated, obsolete or just poor-selling parts and products to sit on the racks for years, being given little attention until their rediscovery during inventory. This seems how many companies approach their Web sites.

More and more companies are adding product information, photography, videos, news and other content to their sites on a regular basis but few companies seem to remove it…any of it…ever…until someone poking around the site while awaiting a flight finds something that shouldn’t be there anymore. Rather than wait for a situation like this, I recommend conducting a Web site inventory. It’s very simple. Just look at every page on your Web site, read every article, look at the pictures and captions and make sure the site is presenting your company and products in the finest possible light.

Take inventory of your Web site as often as the inventory of a warehouse is checked. Photo courtesy Tingue, Brown & Co.

Here are some common items to check:

  • Email addresses for people who are no longer with the company
  • Email addresses that send messages to nowhere
  • Product specifications that are no longer accurate
  • Products that are no longer offered
  • Videos that don’t load or take too long to load
  • Computer renderings when photography is now available
  • Once-fancy java scripts that don’t work
  • Pricing from last year
  • Trade show schedule from last year

Your customers and prospects are already doing this Web site inventory for you but they won’t tell you what they find. They’ll just leave.

Just as a physical inventory may reveal holes in the system, your Web site inventory may reveal patterns  that point to systemic flaws in how content is developed and added to the site. Establishing guidelines that address and correct these flaws helps ensure that your Web site is always up to date, complete and sporting the fresh, useful content that keeps your Google rankings high and moves prospects towards sales.

Wanted: Workers Willing to Work

August 10th, 2010

From watching the news on TV, you would think there isn’t a single job opening in the country. Headlines claim unemployment continues to rise, small businesses aren’t hiring and more and more workers have been out of work for so long they’re not even counted in the unemployment statistics. You’d think small business has been crushed out of existence under the weight of taxation, regulation and uncertainty. Yet I’ve been hearing something different.

The story from both Clients and vendors isn’t a lack of jobs –most are hiring – but, rather, a lack of talent. For more than a year, these companies have been actively trying to fill positions for Web site designers, marketing managers, sales people, equipment installers and other positions but of hundreds of resumes, barely a handful warrant even an interview. Few applicants bring the knowledge, skills and mindset needed to contribute to a company. But more alarming and disheartening, many applicants demonstrate a lack of desire, determination and urgency to get to work, the traits that exemplified the American labor force for centuries. Not anymore?

A Cintas laundry route driver said it best this morning as he loaded heavy mats onto his van, “You have to have the will to work.” Small business is still creating jobs, despite federal interference. What’s missing seems to be skilled people willing to get to work.

Book Review: Meltdown

July 20th, 2010

This is a review of the book, not of the author’s positions or policy recommendations. During the peak of the media frenzy over the stock market collapse, the real estate collapse, the economic collapse and the ensuing taxpayer bailouts, I picked up Meltdown to get some clarity on why it happened and how we can prevent it from happening again. The explanation is contained in this book but the writing style reads as if it were so hastily put together (Quick! while the economy is still tanking!) that at times, even clear, obvious explanations are hard to absorb. Imagine it as a speech presented as a rant at a Chamber of Commerce luncheon.

This was especially disappointing because once I unraveled his points, they made perfect sense. The author, a senior fellow at the Ludwig Von Mises Institute, points the finger of blame in the right places, and in the final chapter, suggests the policies required to restore sanity to our economy and government. Meltdown reads quickly but other books may be more useful, such as Economics in One Lesson by Henry Hazlitt.