Grow Adaptability in the Midst of Change

Change is the law of life. And those who look only to the past or the present are certain to miss the future.” (John F. Kennedy)

When the going gets tough, the tough get going. Change is inevitable, and the more we resist it, the tougher life becomes. The world changes dramatically each day, so adaptability is a necessary life skill and a critical leadership imperative. In his book Emotional First Aid: Healing Rejection, Guilt, Failure, and Other Everyday Hurts, Dr. Guy Winch describes how even the youngest among us illustrate adaptability:

Three toddlers are given a difficult task to do. Each handles the challenge in his or her own unique way: one cries and gives up immediately, one tries the same strategy over and over, and one tries different methods until he finds one that eventually works. Clearly, the third toddler has a higher level of adaptability. His resilience gives him both the strength to persevere and the wisdom to overcome. But this raises one question: is adaptability something you’re born with, or can you learn it? Even young children show that grit is not necessarily an inborn trait.

Flexibility or Versatility?

In their book, “The Platinum Rule,” Tony Alessandra and Michael O’Connor describe adaptability in two components: flexibility and versatility.

Flexibility deals with attitude: can you roll with the punches? Will you stop forcing a round peg in a square hole and try something new? Versatility deals with ability: are you capable of change? Do you have a propensity to adapt? While versatility may be an inborn trait, each of us can pursue flexibility.

Shifting Mindsets

Neuroscience demonstrates that our brains are moldable – meaning the paths, or neural networks of our minds, can be re-formed through our choices.

In neuroplasticity, the pathways of our minds (which determine our thoughts, choices, and actions) can be formed or reformed. This moldable quality remains even into our elderly years, so when we determine to change our attitudes, we can actually reform our brains.

Adaptable people do more than just cope, they embrace change daily. Adaptable people ask the hardest questions, hone strategies for dealing with the unknown, and make intentional shifts to address challenges. This requires honesty and authenticity. Ask your team to point out blind spots or glaring inaccuracies in your business. Address and enact change regularly, and your old neural pathways will lose their potency.

Shifting Behaviors

Choices become behavior and behaviors become habits.

Some habits are great, but others create deep ruts that are hard to escape. To grow adaptability, force yourself to experiment with new choices: join activities, meet new people, and listen to podcasts you completely disagree with. Write a list of five hard things and then go do them. Have teammates teach you a new skill or allow younger people to lead meetings you would normally facilitate. Immerse yourself in new environments so you are more comfortable with change as a lifestyle. You’ll be surprised what you learn about yourself and others!

Shifting Destinations

Some of the greatest things in life were born from imagination.

Satisfying curiosity releases dopamine in your brain, so give yourself permission to dream, wonder, and wander. Dr. Todd Kashdan says “curious explorers” are people who see life an enjoyable quest to discover, learn, and grow. Curious explorers are people who:

  • Notice small details in the daily grind
  • Remain open to people without judging or reacting too quickly
  • Let novelty unfold while resisting the temptation to control the flow
  • Read books, build models, take classes, or start a hobby “just for fun”

Ready, set, grow! By shifting mindsets and behaviors, you can increase flexibility in a way that reforms both your habits and your brain.

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Drive Fresh Traffic for Your Business

A new era in business is bringing fresh flavor to Kohl’s.

As traditional retailers struggle to keep their doors open, Kohl’s executives are trying something radically different: a grocery partnership with Aldi. In March of 2018, the department store announced it would team up with Aldi to offer grocery sales in 10 of its locations.

“The key priority we have as a company is to drive traffic,” Kevin Mansell, the chief executive of Kohl’s said in a Thursday earnings call. “We’re focused on traffic-driving retailers: Groceries, supermarket chains, they drive a lot of traffic. We’re finally on a path where we’re getting more [shoppers].”

In an age of online shopping, brick-and-mortar businesses have to hustle to make their company more relevant to consumers. Kohl’s has experimented with lighter inventory, smaller stores, and more streamlined partnerships with companies like Under Armour and Amazon. Other retail giants have focused on adding communal spaces, demonstration areas, and workshops to encourage shoppers to linger.

Feed Your Funnel with New Customers

Ultimately, every successful business has to draw new business and keep customers coming back.

In your niche, there are probably several complementary businesses that don’t compete directly with your product or service. Many of these companies have a base that could easily feed your sales funnel.

What are the mutually beneficial relationships you could build with other businesses?

While Aldi and Kohl’s may seem like an unlikely match, their differences balance each other in a unique way, allowing Kohl’s to gain additional foot traffic and offering Aldi to expand their market reach. For Aldi, renting space within Kohl’s stores is cheaper than building stand-alone stores, and the partnership creates exposure for the lesser known German grocery chain.

As you consider new partnerships, it’s also healthy to keep an eye on the competition, because an ideal way to grow your client base is to capture users who are already in need of services like yours! Examine the market tactics of businesses you compete with. What product are they offering? What are they doing that their customers like or dislike? How could you do it in a better, more personalized way?

Actively monitor what your competitors are doing in web design, service packages, or marketing techniques to feed your creativity or to counter punch with your own sales strategies. Looking to woo some of your competitor’s customers? Tools like Mention or Reddit can help you monitor customer sentiment. Online reviews of your competitors are also a great place to see how your rivals are succeeding or where you can do better.

Position Yourself as the Answer

Whether you’re wooing new customers or generating leads, it’s important to give potential clients a good reason to try your services.

Think about what makes your ideal customer happy, sad, scared, or excited, and position yourself to bring the answers they need. “Identify those places where they are likely to be found (media, online, offline, mail, etc.) and then create messages for them,” says Jeff Motter, CEO and chief marketing officer of Easy Bay Marketing Group. This may mean creating content via webinars or printed newsletters or physically networking through community events or industry conferences.

And don’t forget to close the loop.

After your efforts to bring in business, remember to intentionally follow up with calls, e-mails, or samples. Many prospects and great conversations fall by the wayside because you fail to execute after a lead shows interest. As real estate sales guru Michelle Moore says, “Not following up with your prospects is the same as filling your bathtub without first putting the stopper in the drain.”

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How to Keep Your Business Focused Through the Subtle Danger of Mission Drift

Life is full of good opportunities.

Good books to read, good events to attend, good projects to pioneer. But good things can knock us off track in pursuing the very best.

What does “the best” look like in your leadership?

It means doing what you are uniquely called to do in the style that is distinct to your personality, position, and organizational DNA. Living “the best” in leadership means that your most important job isn’t to manage the budget, to develop new products, or even to lead your team.

Your most important task is to continually cast vision.

The subtle tension every leader will face is the reality of mission drift. Mission drift happens when we are pulled off of our message or our mission, whether intentionally or accidentally. This can be an irresistible force that results in loss of momentum or a crisis of identity, so strategic leaders build in measures to continually recalibrate. If you don’t prioritize vision casting, you may end up navigating a ship that’s going in an entirely different direction than you intended.

How can you build strategic safeguards to keep your organization focused? Here are a few steps.

One Key Leader

Begin by enlisting one board member or key staff person who is committed to alignment.

Be sure they buy into your team’s mission and charge them with safeguarding its integrity. When opportunities arise that may detract from the mission, it’s great to have someone speaking up (perhaps against the majority!) or analyzing decisions from a broader perspective.

A Focused Core Team

Do everything you can to focus your core team around the mission.

Set times to swap stories about where you recently saw the “mission win” and publicly acknowledge those who are keeping the main thing the main thing. Exit or discipline people who don’t, even if they perform well in other areas. If your core team is sold out to the mission, it will pay bigger dividends in the long run.

A Culture of Mission

Your mission should be more than a vague concept on your website, but a regular part of the professional experience.

Use stories and symbols to embed purpose in your culture so people encounter it daily:

  • Mount core values on the walls. Use them as a guide for decisions and a platform for sharing new initiatives.
  • Design strategic symbols (racetracks, funnels, etc.) to communicate process. 65 percent of people are visual learners, and concepts become memorable when they’re connected with an image.
  • Put a face on success by sharing testimonials (in person or through letters) from people who have been positively affected by the vision. Illustrations exemplify goals and make heroes of people who are living the mission.
  • Use slogans to cement conviction. Ritz-Carlton hotels use the motto, “We are Ladies and Gentlemen serving Ladies and Gentlemen” to exemplify the anticipatory service provided by all staff members. Simple slogans, shared repeatedly with conviction, can motivate people to do things they would normally never do.

When coaching your team, provide concrete actions that explain how you’ll achieve your vision.

Use results-oriented descriptions (like, “you’ll know you’ve done a good job when _____.”) Outline action steps to take and celebrate mile markers achieved. Enlist creative people who can help you celebrate daily victories.

Wandering is natural. If you don’t strategically refocus people around a singular vision, your organization will fail to thrive. Lean on these strategies and safeguard your team from the dangerous drift that every leader will face.

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How to Use Silence to Strengthen Your Leadership Presence

Jack Reacher is a fictional character in a series of crime thriller novels by British author Lee Child.

In the 1997 novel Killing Floor, Reacher randomly exits a Greyhound bus in Georgia and is later arrested in a local diner for a murder he did not commit. While questioned in custody, Reacher wields the power of silence to maintain his personal advantage:

“Long experience had taught me that absolute silence is the best way. Say something, and it can be misheard. Misunderstood. Misinterpreted. It can get you convicted. It can get you killed. Silence upsets the arresting officer. He has to tell you silence is your right but he hates it if you exercise that right. I was being arrested for murder. But I said nothing.”

Communicate Authority with Silence

Silence holds immense power, especially in situations that involve negotiation.

As inventor and artist Leonardo da Vinci said, “Nothing strengthens authority so much as silence.” Dynamic leaders often use silence to their benefit. When handled with intention and purpose, silence is what some leaders call “a communication superpower.”

Do you tend to interrupt, dominate conversations, or explain your perspective from multiple angles in order to sway opinion? If silence is an overlooked resource in your communication toolkit, you might need to change strategies.

Silence can increase your authority and grow your influence in at least four powerful ways.

Silence Builds Trust

According to best-selling author Bryant H. McGill, “one of the most sincere forms of respect is actually listening to what another has to say.”

If you want to develop effective relationships, you must build trust. And trust begins with listening. Unfortunately, most people don’t listen with the intent to hear, they listen with the intent to reply. When people realize you are truly listening to them, they are much more likely to buy into your ideas.

Silence Can Emphasize Your Point

When you have something important to say, state it briefly and allow a long pause for your words to sink in.

Communication is more than the words we speak, it involves the energy we transmit. When you give room for a lengthy pause, you show people you aren’t scrambling to convince them. And as your words fully land with others, you don’t need to talk as much because silence creates room for people to understand and connect to what you are saying.

Silence Communicates Credibility

Have you ever sat through a meeting where several people squabbled while one person stayed silent?

Eventually, everyone felt tension and curiosity about what the quiet party was thinking. When a silent observer finally interjects an opinion, it speaks louder than the clamor and carries a more memorable quality. “She is so wise,” people think, because sometimes there is a credibility that can only be communicated through silence.

Also, it never hurts to take a lengthy period of time to think before commenting. Abraham Lincoln has been credited with this quote: “Better to remain silent and be thought a fool than to open one’s mouth and remove all doubt.”

Silence Increases Negotiating Power

A primary negotiation tactic involves asking a question and letting the other person answer first.

Silence when negotiating can give you the advantage because its “deafening” weight can prompt others to speak first. For example, when the other party offers a salary figure or point of compromise, don’t answer immediately. Instead, pause and let the discomfort of silence flush out a bit more detail. Maybe they will offer more or show their own hand.

Leaders know how to use silence as a tactic to communicate authority and influence. Experiment with silence during your conversations and observe the impact it can make.

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Increase Conversions with Great Closing Techniques

The most expensive deal in baseball history was finalized this February in a casino.

The Phillies pursued outfielder Bryce Harper for months, introducing him to some of Philadelphia’s finest, sweet talking him in the high-backed gold leather booths of the ARIA resort in Las Vegas, and ultimately offering him the most expensive deal in baseball history ($330 million over 13 years).

At age 26, Harper signed the longest contract in baseball history. In a casino that radiates the fragrance of mid-century Hollywood, the showmanship of the atmosphere embodied the glamour of the agreement. It was an epic conversion.

Just Sign on the Dotted Line

Sale-closing conversations can be nerve-wracking and nuanced.

No matter how impressed people seem during your presentation, there’s no telling whether they will postpone or look elsewhere. After wooing your customer, it’s time to take the plunge and ask for a commitment.

Here are a few keys to make this step easier.

Identify the Decision Maker

To close a deal, be sure you’re actually talking to the person in the driver’s seat.

In some cases, supervisors send scouts in to assess the options, but they do not have decision-making authority. In this case, be sure to customize your pitch to the decision maker or do whatever you can to arrange a meeting or phone call with this individual.

Offer a Solution

Sales can seem pushy if they center around your product or package.

When working with a prospect, do your best to provide a holistic solution that meets their business needs. If a consulting relationship would be better than a particular product, consider how you can flex options or offer a better fit.

Solutions-focused conversations include re-stating customer concerns, asking clarifying questions, overcoming stated objections, or possibly returning later with more information.

Be genuine and assure clients that you care about their business (and not just the sale).

Attach a Deadline

No decision is, in itself, a decision.

It’s human nature to shy away from commitment, and your job is to help people overcome this inertia. Offer incentives to commit: a discount, a free add-on, or a trial subscription to start.

Incentives give your prospects a reason to make the decision NOW, giving them confidence that they have the upper hand in negotiation.

Ask for Next Steps

After any customer call or completed action item, ask your prospect how they would like to proceed.

If they are uncertain, make suggestions or ask pointed, closing questions.

Here are some options to get you started:

  • Why don’t you give us a try?
  • Ready to move forward?
  • Why don’t I send over the proposal now?
  • It seems like this is a good fit for your company. What do you think?
  • If we throw in ____, will you sign the contract today?
  • If we could find a way to deal with _____, would you sign the contract by ________?
  • You’re interested in X and Y options, right? If we get started today, you’ll be up and running by ___.
  • Unless you have any other questions, I think we’re ready to move forward!
  • When should we begin your _________?
  • What are your next steps?
  • Why don’t I leave you with ____ and follow up ______?

Being a courageous, tactful closer is one of the most important techniques you can master.

Use incentives, closing questions, and solutions-based options to move your prospects to action. Superior networking tools will only strengthen your ask, so visit with us today about printed pieces that can help you seal the deal!

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Four Ways to Disagree with Tact

Life is compromise.

If you want to work successfully in teams, at some point you will face conflict. In one instance, you may be the manager correcting a team member. In other cases, you may need to “lead up” by disagreeing with a superior.

Either way, successful communication includes the ability to navigate conflict while putting people before the problem.

Here are four ways to prioritize relationship while politely disagreeing.

1. Don’t Blurt

When you hear an incorrect statement, do you immediately or forcefully disagree?

How’s that working for you?

Before you speak, consider how important it is to voice your opinion. Weigh the risks of speaking out versus the risks of staying silent. If you feel compelled to share, consider when and where is best. What context would be most appropriate or what channel would provide the least threatening avenue for your listener? Discussing issues privately (face-to-face) is ideal for minimizing tension or preserving dignity.

2. Prepare Your Listener

Sometimes the best way to dissent is by prefacing your idea.

Ask permission to comment by saying something like this: “I’m not sure I share your opinion, may I make a comment?” Or, “I know the deadline is pressing, but I’m concerned about this approach. Can I run some thoughts by you?”

Giving people a chance to “opt-in” will increase their willingness to listen.

3. Keep Language Neutral

As you unwrap your idea, alleviate tension by keeping your tone steady and your language neutral.

Start by identifying a common goal and frame your opinion as one way the team can work together for a higher purpose.

Holly Weeks, author of Failure to Communicate, says contextualizing your statements will allow the discussion to become “more like a chess game than a boxing match.”

If you need to critique another idea, re-articulate that concept first and build comments from there. This will eliminate confusion and show a good faith effort to understand others.

When you disagree directly, make your focus the problem or flaw at hand, not the people or personalities behind them.

4. Be Humble

No one appreciates prideful people.

When you speak, do your best to be relatable and kind. Emphasize that you are sharing an opinion and leave room for dialogue. This may include phrases like, “I’m just thinking out loud here,” or “this is just my opinion, but . . .”

Polite, clarifying questions may also help. Say, “can you tell me more about ____,” or “can you define what you mean by ____, because maybe I’m defining that differently?”

Speak humbly by inviting the critique of others and by publicly respecting their opinions.

Still struggling for words? Business Management Daily offers several prompts to open the door:

  • “I see what you’re saying but…”
  • “May I make a comment?”
  • “I’m sorry but I disagree with you about this.”
  • “Tell me if I’m off-base here, but…”
  • “I understand where you’re coming from, but…”
  • “That’s a valid point, but…”
  • “I don’t think I share your opinion.”
  • “If I’m not mistaken…”

Agree to Disagree

Finally, there may be times it’s best to agree to disagree.

It’s ok to break a stalemate by acknowledging that you will never agree about an idea. By doing this you can affirm the person (or their authority) without selling out to their idea or opinion.

Everyone gets things wrong sometimes, and if you’re committed a relationship, you’ll give people more grace to experiment or to grow.

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Use Short Deadlines to Get Lasting Results

In a recent study published in the Journal of Consumer Research, scholars found that longer deadlines can be a detriment to workers.

The study asked volunteers at a local community center to answer a short survey about retirement planning. One group was given seven days to access the online survey, while another group had 14 days to respond. Results showed that, though the 14-day group gave more thoughtful responses, they were more likely to procrastinate or skip the assignment.

A second study revealed longer deadlines affected outcomes on tax filings. In this research, a short deadline group received their “lost” W-2 tax form later (closer to the filing deadline) and had less time to complete their taxes. Despite the setback, the short-deadline group spent less money than their peers to get the same job done via tax professionals or self-help software.

Beat Those “Last Mile” Blues

Do you struggle to take projects across the finish line in an efficient manner?

There’s a reason! Parkinson’s law states that “work expands so as to fill the time available for its completion.”

Longer deadlines lead people to set easier goals and decrease effort, costing more time and stress overall. Researchers also found that longer deadlines sometimes make workers think an assignment is harder than it is. When people commit more resources to a difficult task, they procrastinate and are more prone to quit.

For managers and workers alike, it is important to set achievable goals and appropriate time limits using four simple strategies.

Think Small

Procrastinators who avoid finishing struggle to break projects into manageable tasks.

To overcome this barrier, psychology professor Joseph Ferrari (author of Still Procrastinating: The No Regrets Guide to Getting It Done) recommends a narrow focus. “People who have trouble finishing a project don’t have problems seeing the big picture,” Ferrari said. “It’s how to break it into manageable tasks that can be paralyzing. Just do something now. Start something and get going.”

Starting small breaks your fear of failure and shortcuts perfectionistic hang-ups.

Stay Disciplined

Sometimes when the finish line is in sight people accelerate the pace but lose focus.

Discipline slips, which can lead to delays. Overriding budgetary constraints, ignoring quality control checks, or fast-tracking publications can bring painful consequences. Instead, stay on track with small deadlines to ensure work on larger projects is done in a timely, precise manner.

Call in the Closers

Burnout and fatigue are genuine risks near the end of a project, and high-value contributors are often needed to airlift the next big project.

Consider deliberately structuring your team so starters take a project to 90 percent, while fresh eyes step in for the final spit-and-polish.

Use Incentives

When deadlines are distant, shift attention to everyday outcomes.

“Can you get that to me by the end of the day?” isn’t a request many people like to hear. But quick turnarounds can actually boost morale because lethargy breeds inertia but accomplishment spurs accomplishment.

From cash incentives to extra work-day coffee breaks, consider attaching small perks to fast-action deadlines. Self-starter rewards can work for yourself too. When writing her thesis, one grad student filled a glass jar with tantalizing chocolates. Throughout a year of writing, she rewarded herself with one truffle per week as she stayed on schedule. Progress was visible, and the rewards were sweet. When the jar was empty, the project was done!

Short turnarounds on urgent tasks elicit attention and improve outcomes. Whether you’re managing yourself or others, consider adding incentives, bringing in closers, or breaking large projects into daily deadlines to achieve better results.

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How to Survive the Off-Season Sales Slow-Down

Dollar bills on turtle.

Vancouver’s Whistler resort, owned by Vail Resorts, is currently the most-visited ski venue in North America.

But as one of Vail’s 19 prestigious resorts, Whistler still deals with the reality of seasonal slumps. Part of Whistler’s off-season strategy includes summer activities like carnival games, ziplining, and bear-viewing.

Vail has recently taken a more aggressive ticketing strategy as CEO Rob Katz made the $899 “Epic Ski Pass” the centerpiece of its pricing structure. This upscale pass provides visitors unlimited skiing at Vail’s 19 resorts and partial access to dozens of resorts worldwide.

The effect has been substantial, with 2018 revenues rising 41.5% in just one quarter! With the Epic Ski Pass, Vail also removed discounts for skiers paying in advance on one- and three-day passes, instead limiting these discounts to early-season purchasing. While this has drawn criticism, county councilman Steve Anderson praised Katz’s bold move in incentivizing off-peak sales:

“For a company that runs a ski hill, that makes good sense because they get a lot of cash coming in when they are not in peak operating season, and as you get closer to the lifts opening, these bargains start to disappear,” Anderson told Business in Vancouver.

Strategic Sales Cycles

Every business has its slumps, and accounting for slow days is critical.

As you prepare your yearly budget, consider peaks and valleys in revenue and be creative in planning sales or service bundling options.

Resourceful entrepreneurs say it is helpful to break sales cycles into six seasons:

January-February

Post-holiday lulls may bring purchasing drop-offs, so smart businesses work to craft sales around health-related themes, branding or re-order opportunities, February holidays, bedding/linens/cozy comfort items, or electronic upgrades.

March-May

Spring is a time for renewing, cleaning out, or vacation planning.

Incorporate “think spring” themes like outdoor activities, Easter or gardening, trimming or tidying, tax-time incentives, or “going green” options. By April, finalize your summer sales campaigns and prepare to roll out hot new products or services.

Early June to July

Enjoy that summer freedom with longer days and lazy schedules.

People are spending plenty of time outside, so build your messages around recreation, refreshment, family, and everything that’s free and easy. Think weddings, outdoor gatherings, or strategic fall planning as you connect with your clients and plan your next move.

Mid-July to Early September

As vacations become memories, think ahead on school prep, fashion, fall landscaping, and new routines.

At this time, people are ready to stock up, plan ahead, or solidify year-end business goals. Also, a relatively new phenomenon is changing the second half of summer: Amazon Prime Day (mid-July).

As people take advantage of Amazon’s sales and free shipping that day, many online and e-commerce retailers also offer Back to School specials on this day. Even merchants who aren’t on Amazon tend to see a bump on Amazon Prime Day, so consider how you can grab this momentum and turn it your way!

Late September-October

Now those new rhythms are established, and the holidays are just ahead.

This season sees people finalizing home repairs or DIY projects, locking down system upgrades at work, and making major contacts before the holidays arrive. Find your client’s problems and find creative ways to help, because everyone likes a strong start to the fall season!

November-December

In this season retail sales explode and businesses plan for changes in the new year.

Whether this is your slow season or total survival mode, these months can make or break a business. Review data from previous years, tighten up shipping, or set aggressive agendas for the new year. Woo customers through holiday sales, Christmas greetings, or other incentives.

No matter when your slump hits, remember to push hard during the busy months and be strategic in the off-season. Set aside cash for slow months, plan for busy seasons in advance, and keep evolving in your skills. Your best years are still ahead!

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Four Ways to Market Smarter in 2019

Four Ways to Market Smarter in 2019

Looking to energize your base or drum up new leads?

A new year is a great time to refresh your marketing matrix. Whether you’ve been in business for two months or for 20 years, creating awareness and interest is always a current challenge. Here are four areas to tweak as you build a competitive edge this year.

1. Know Your Audience.

Who are your ideal customers? What are their challenges or the goals you can help them achieve?

Revisit your buyer persona regularly and make sure you’re still clear on who you want to reach. These profiles can be used to segment your list and to personalize your latest pitch.

Knowing your audience also means examining whether you’re hitting your target. Are you sharing information that your prospects are actually hearing? Re-examine your media strategy and conduct regular database purging.

If you’ve been neglecting your database, your communication will be skewed as well. Successful marketing relies on data-driven decisions, so ensure your contacts are current.

2. Employ User-Centric Content.

In an increasingly individualized market, blanket sales pitches have lost momentum.

If you want to gain trust from your network, make it your goal to reach people in a more personal way.

How?

Position yourself as a giver, a helper, or an equipper in your print marketing. Use content that is insightful, entertaining, and easy for your prospects to apply.

3. Move From Keyboard to Camera.

Hubspot recently found 72% of people prefer video when they want to learn about a product or service.

With the dominance of YouTube and social media, the explosion of visual content is bound to continue. Our brain processes images 60 times faster than words, and humans are naturally drawn to narratives and stories.

Why not share more of your story through video?

Whether it’s quick bursts (think Snapchat, Instagram Stories, or Facebook Live) or a professionally edited piece for your website, video content will keep you connecting in ways that are real and relevant to this generation.

As you grow, look to connect your online and offline presence. One example: ask a leading question on your direct mailer and have them scan a QR code or use a personalized landing page (PURL).

4. Lighten Your Load Through Marketing Automation.

No matter how hard you try, you can’t do it all.

A great deal of effort can be saved through automation software, which expands your reach and boosts your efficiency.

Marketing automation allows you to identify warm leads and nurture prospects with highly personalized content that meets users at every stage of their customer journey. This can lighten your administrative load, provide an excellent return on your investment, and generate significant new revenue.

Automation software is especially effective in transforming traffic to leads and prospects to customers. Automated content is tailored to consumers based on how they interact with your company, growing their trust in you and making them much more likely to buy.

A recent Salesforce study found that 67% of marketing leaders use marketing automation of some kind, and this number is expected to grow significantly in years to come.

Keep in Shape

Your customers will change and evolve, and so will your business.

As people change, your job is to understand how your customers want to buy and to make it easy for them to do it!

Keep your marketing in high gear as you find new ways to streamline data, boost engagement, and improve the customer experience of each person you serve.

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What the Amazon Effect Means for Your Small Business

How small businesses can adapt to Amazon’s influence?

When Josh Silverman took over Etsy (an e-commerce website focused on handmade and vintage items), he faced immense pressure to revive the company financially.

He didn’t disappoint. While shedding jobs and increasing holiday promotions, Etsy swung from a $29.9 million loss (in 2016) to an $81.8 million net income in 2017.

Managing this feat in the face of Amazon’s competition was impressive. Amazon notched $51 billion in net sales in the first quarter of 2018, recently confirming it has exceeded 100 million Prime members globally. In contrast, Etsy has 1.9 active sellers and 33.4 million active buyers.

Amazon is everywhere: delivering groceries, storing music, and putting items at your doorstep in two days or less. Amazon has been so present that it has become a verb: as in, “I Amazoned it.” While Amazon brings smiles to many, it brings tremors to some small businesses. Many are outraged at the demise of mom-and-pop shops, and even large-scale retailers have taken hits.

What It Means For Small Business?

The Amazon effect is a catchphrase used to describe how Amazon has influenced our interactions with other businesses.

Because so many people are Amazon subscribers, this platform has raised expectations for shopping experiences. As writer Corey Pemberton notes,

“Because the vast majority of us use Amazon regularly, we’re well aware of a new kind of customer experience. We used to drive to the shopping mall, painstakingly search for items, and wait in long lines with little complaint. But now that we’ve experienced the joy of picking out things in our pajamas and clicking to have them shipped straight to us, the alternative seems substantially less desirable.”

Subsequently, expectations of all businesses have increased.

HOW YOUR BUSINESS CAN ADAPT

Here are four ways small businesses can adapt in the wake of Amazon’s influence.

1. Work to develop distinct, personalized products.

Part of what makes your business irreplaceable is the individual products only you can produce.

While resellers can undercut some sales, a small business with a unique, quality product can’t easily be replicated.

2. Partner with e-commerce platforms.

A recent Insureon insurance company poll of 2,400 business owners showed 68 percent of businesses surveyed said that online retailers had a positive impact on their business:

“[Online retailers] have forced small businesses to embrace e-commerce as a critical route to reach their consumers and revenue source,” said Jeff Somers, president of Insureon.

Businesses that don’t sell online will struggle to stay relevant in the modern age, but e-commerce doesn’t just mean partnering with Amazon. Typically, a small business’s website is the most common place to sell.

3. Feature customer ratings and reviews.

When buying online, people need extra input to tip toward commitment.

When you’re looking to buy, who do you trust more: a long-time neighbor or a sophisticated salesperson? Obviously, humans are biased toward “ordinary people.” One of Amazon’s best features in their abundance of ratings and reviews. Capitalize on this yourself and allow the words of others to convince your prospects.

4. Become a destination.

Amazon is convenient, so make your business an experience, not just an errand. Change your product mix regularly and make it enjoyable for people to physically “discover.” Add entertainment with lessons, parties, samples, or anything to engage families. Tell your story and give people pride in doing business with you.

An Enhanced Customer Experience

Amazon isn’t killing small business, but it is changing the way we buy and sell.

Payoneer e-commerce manager Iain McNicoll says Amazon has given entrepreneurs a chance to create customer experiences they might have otherwise been overlooked:

“People see Amazon as crushing small business,” McNicoll said. “Really, I think it opens up a door for small business, allowing them to now reach new customers that they wouldn’t have been able to reach in the past.”

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