Above and below: Some revamped slides from Monday’s presentation. These two companion messages (Engagement and P2P) seem to have resonated with the audience, so I thought I would elaborate on that topic a little.
First: Should companies continue to launch and drive marketing, advertising, promotional and other types of business development and awareness campaigns?
Yes. Absolutely. No question.
Traditional media “push” strategies and tactics, when developed by the right people and used properly, can be extremely effective. I am a big fan of great campaigns, so keep creating GREAT push campaigns.
But “engagement” – and by that I mean customer engagement (even if those customers are not technically customers yet) – is not a campaign. It isn’t even a strategy. It is a commitment to a being the kind of business that people will want to be a part of and whose products and community people will want to share with friends and family. The kind of business that people will naturally want to support proactively for years and years.
What we are talking about here has its basis in culture. Call it company culture, corporate culture, management culture… it doesn’t matter. The point is that if your company still refers to itself as a B2B (biz to biz) or a B2C (biz to consumer) company, you are missing the boat. Thin about every great experience you’ve had with a business: Fantastic service at a hotel – where the folks at the desk (and the rest of the staff) makes a point to remember your name. Think of the same kind of service at a restaurant or retail outlet. Think about how you feel about a physician with fantastic bedside vs. a physician who acts like spending any time with you is the chore from hell. Now ask yourself which you would rather be: The business that makes people WANT to come back and recommend you to their friends, or the business that will either fail to be memorable – or worse, give people a reason to find a better option than you next time.
It doesn’t matter if you are a hair salon, car rental company, commercial lender, real estate agent, architectural firm, coffee shop or IT distribution company: Create great experiences based on building relationships with your customers (and your community) and your brand will quickly find itself on the rise.
Fail to do so, and your situation will NEVER improve. No matter how much you lower your prices, no matter how much money you spend on advertising, public relations, call campaigns and promotional incentives, you will still be struggling to get past 5% annual growth (once the economy recovers, that is).
You must learn to become a P2P (people to people) company. Period. There is no other option for you. Not anymore.
Starting with the way you treat your employees – from the way in which you hire, train, mentor and manage them and the words you choose to use around the office (do you refer to your team members as “headcount”?), to the type of relationship you build with the people you do business with.
Have a great Weekend, everyone.