Tuesday, November 15, 2011

Fostering Innovation, Embracing Mistakes

Think mistakes are always bad? Think again. William L. McKnight, a former president and chairman of the board at 3M, has been credited by many with fostering the company's emphasis on innovation. In 1948, while president of the company, McKnight had this to say about mistakes.

"Mistakes will be made. But if a person is essentially right, the mistakes he or she makes are not as serious in the long run as the mistakes management will make if it undertakes to tell those in authority exactly how they must do their jobs. Management that is destructively critical when mistakes are made kills initiative."


Today, 3M holds patents on hundreds (if not thousands) of products, ranging from Scotch® brand tapes and Post-It® Notes to fiber optics, fuel cell components, security devices, and more. By accepting mistakes as an inevitable part of business, 3M has built and maintained a highly successful brand in a fiercely competitive market. Along the way, they've earned a reputation as a leader in fostering innovation and attracting top talent to their team.

So what can you learn from one of the world's leading brands? Embracing initiative means accepting mistakes and learning to loosen the reins.

Tuesday, November 8, 2011

What's Your Mission?

Gandhi once said, "A small body of determined spirits, fired by an unquenchable faith in their mission, can alter the course of history." Gandhi and his followers certainly did just that, as have many others who took a mission to heart.

In the 1980 movie, The Blues Brothers, Jake and Elwood Blues are men on a mission. They experience a revelation and decide they must get their old band back together in order to earn enough money to save the Catholic boarding school where they were raised. Not quite as grand a mission as Gandhi's, no doubt, but a mission just the same.

Chances are, your company has a mission, too, with an accompanying mission statement, carefully crafted and culled to provide optimal guidance in the decisions you make as an organization.

But what about you personally? What's your mission? What drives your own personal decisions? Your career, aspirations, and dreams? What prism do you use to focus your thoughts and cast light on the choices you face at work, at home, and in the world?

Experts like Dr. Stephen Covey advocate the need for a personal mission statement to guide the decisions that affect your own life and career. Just as successful companies use mission statements to clarify and filter their organizational decisions, many successful individuals do the same on a personal level, as well.

FranklinCovey has put together an online Mission Statement Builder to help you create a personal mission statement for yourself, your family, and your team. I recommend checking it out and giving it a try.

As you begin filtering your day-to-day decisions through a personal mission statement, you may be surprised to find that reaching your goals becomes easier.

Tuesday, November 1, 2011

Who's Who?

Depending on the nature of your business, your customers may spend a lot of time on the phone talking to sales reps, customer service, customer support, etc. If you're looking for a great way to add a personal touch to these interactions, consider posting photos of your sales or support staff on your website, business cards, and other marketing materials.

Employee photos are a compelling way to capture your visitors' attention on your website. More importantly, though, conversion rates increase when people can connect emotionally. Photos are a great way to foster this kind of connection between your customers and staff.

Because people buy from people, they are often curious about who they are speaking with. Photos increase interest in day-to-day interactions and help customers and prospects recognize and remember the members of your team, making them more likely to approach your staff at trade shows or other social events.

In addition to posting individual photos, group photos and candid shots of employees at work are great ways to show off your facility, the various skills you can offer in-house, and the potential bulk of your workforce.

Friday, October 28, 2011

An Important Message from...You

If your business is looking for a great way to relay important messages and create a favorable impression of your company, consider a "message from the owner" (or president, CEO, etc.). Here are a few tips to create a "message" that speaks for itself:
  • In addition to creating a standard "mission statement" message from the owner, consider offering regular messages via a company website, newsletter, blog, sales letter, Facebook page, Twitter feed, etc. to communicate new initiatives, announce new products, or simply offer an insightful perspective on a relevant subject.

  • Include a photo of the owner/president/CEO. Readers feel more of a connection when they can put a face with a name.

  • While the messaging is most effective when it comes from the owner him/herself, consider help from a member of your communications team for message ideas, editing, and wordsmith help.

  • In addition to sharing a message with customers, a message from the owner is also a great way to create a sense of community within an organization and narrow the gap between the owner and coworkers.

  • Encourage feedback and open lines of communication whenever possible. A forum where customers or coworkers can ask questions and receive a response from the owner can be a powerful marketing tool. Consider highlighting questions and responses as topics for the messages.

Tuesday, October 25, 2011

Try Before You Buy

What better way to offer a glimpse into your quality products, services, and support than with a risk-free trial or evaluation? Depending on your product, a free trial is not only an effective marketing tool to increase interest and expand your customer base, but it also helps establish rapport with potential customers and shows them your product or service is valuable and worth purchasing. Here are a few tips for offering a free trial:
  • Set a clear time frame for your trial offer, such as a 30 or 60-day evaluation period.

  • Consider a first-time discount if the user decides to purchase from you, as well as a referral program that offers coupons with a trial to pass along to friends.

  • Avoid scaring away potential customers by asking only for necessary information when signing up for the free trial.

  • Don't spam those who provide information. Offer an option to sign up for promotions if they are interested.

  • Notify users before the trial ends to avoid sharp cutoffs or automatic billing.

  • Lastly, think of a free trial program as a way to improve your products or services. You can gain valuable feedback from those who choose not to purchase from you.

Saturday, October 22, 2011

Increase Sales by Becoming a Detective

If sales of your products and services have been diving off a cliff or are just plain flat, there are other paths to improvement besides simply reducing prices. To find the clues that lead to those answers, you will need to do a little detective work.

Good detectives don't typically rely on just luck and good fortune to solve a crime. Neither can you when you're looking for answers to the crime of slow sales. Detectives follow a certain protocol to try and find the criminal. You must also follow certain steps to find what you are looking for.

Gather the evidence.
The first step that a detective takes is to carefully collect evidence. A clever detective tries to recreate the crime scene and see it through the eyes of the suspect. Slow sales leave a similar trail of clues which can be collected and analyzed. Look at your business through the eyes of your customers and prospects. What unnecessary obstacles and hassles are you unwittingly creating that stop a prospect from doing business with you? Work to remove any unnecessary conditions and restrictions that are making your customers jump through hoops to do business with you.

Good cop, bad cop
You have undoubtedly heard about or seen on TV crime dramas the technique known as "good cop, bad cop." After the suspect is brought in for questioning, a "bad" cop tries to intimidate the suspect while the "good" cop tries to gain his trust so he spills the beans and admits to the crime. In a business setting, you must be able to present your company as the "good cop." If you can become the trusted source for your customer, sales leads will begin beating a path to your door.

Persistence is key.
Detectives with long and successful careers typically have one common trait -- they don't give up easily. In tough economic conditions, offering great service and products is no longer enough. It is expected...and only the starting point. The slow economy has undoubtedly played a role in slow sales for some companies. But there are companies that have experienced continuous sales growth, even during the recession. What is the difference? These companies have a very good understanding of their customers. By staying close to their customers, these companies have learned to adapt as needed and stay ahead of the curve by offering what their customers need and want.

Don't overlook the details.
Detectives solve crimes by doing their homework first and then completing all the nitty-gritty, unglamorous tasks that the TV crime dramas don't show. Great companies survey their customers to find out what they need and then over-deliver on what they promise. When you can do that, you will be able to lock up slow sales forever and throw away the key.