Social Media Growth Strategies

Should you use Social Media to promote your business?

You be the judge.  Grab your seat belt and watch this famous
short youtube video.

-Ken
Growth Consulting for Today

Growth Options

Click here to view PDF

2 Strategies for growth via Real Case Studies

In this economy we often hear something like the following:

“Don’t hold back, Hit me hard, what EXACTLY should we do to plug up the holes and grow?”

When clients give us the floor like that, we speak very candidly by replying….

“If you want to see major changes in your top line, YOU HAVE TO MAKE MAJOR CHANGES”

So many companies and sales reps want to make “ADJUSTMENTS” when times get tough.  When recessions hit, when competition moves in next door, when you ABSOLUTELY have to sell something soon, you don’t make adjustments, YOU MAKE CHANGES.  Change is usually very simple to see, but difficult to implement.

I’d like to give 2 examples of real life case studies that show the difference between making “adjustments” or “tweaking” what you currently do and making “changes”.  Again, let’s review these next 2 case studies with the angle of…..
……If you want to see major changes, YOU NEED TO MAJORLY CHANGE SOMETHING.
The first example is of a “Change” of PROCESS in a sales organization, the second, is a complete change of INDUSTRY for a large company.

Case Study #1

The year is 1999.  I was asked to come in and take over a sales office in Chicago for one of the fastest growing publicly traded companies.
When I got there the office was in 33rd place, out of 33 offices.  Not so good.  91 days later, we were the #1 office in the country.
I started as a spy.  I was a sales rep for 3 days.  I found out which reps were cancer and which were serious.  We let 4 reps go, hired 4 reps that had no industry experience ( reps that would listen ) and instituted an accomplishment model that followed Dr. Covey’s motto–

“What one thing, if done consistently, and superbly well, would allow you to accomplish all your goals”?

This famous statement bares repeating….

“What one thing, if done consistently, and superbly well, would allow you to accomplish all your goals”?

I knew if I could get EACH REP on this team to “consistently, and superbly well” set 8 appointments per week that our office would dominate very quickly.
I knew by my third day that the previous 4 managers tried managing people instead of managing a process.  The previous managers allowed a very lazy-fair attitude around the office.  A couple reps wrote some business, most were just there for the base pay check.

The first Monday I managed we began setting appointments at 9:15 and didn’t get off the phones until 5:01.  For those reps that had not set 8 appointments, they were back dialing the next morning at 9:15.  They knew that they were dialing until they had confirmed 8 appointments for the week.  All reps figured out real quick that I managed a “Process”, not “People”.  Reps realized very quickly that they were dialing at the beginning of the week UNTIL they set their 8th appointment.

I started managing at 9am on a Monday.  At 9:05, after the reps shock wore off that I wasn’t really just a sales rep, I asked them if they would all be open to trying something very different.  I asked them if they’d be open to “CHANGING” everything they knew about setting appointments if I could guarantee them they would triple how much they were currently making.  They all agreed to give my new system a chance.  The process was simple.  They were not allowed to run an appointment until they set 8 new appointments for the week.  If Monday finished and they didn’t have their 8, they dialed all day Tuesday, until they did.  We repeated that simple process for 12 weeks and became the number 1 office in the country, measured by gross sales.

The first “CHANGE” was in the “Process” of setting appointments UNTIL a pre-set number was hit ( hint ).  The second change was in the education I gave on the concept of “Attitude”.  “Attitude” is a very misunderstood principle.  Many managers, coaches and teachers have read a couple books and assume they understand how to use the emotion and principle of “Attitude”.  I was taught 20 years ago that if a rep makes more money than his bills, his attitude will be fine.  I have never forgotten that.  We don’t coach reps and businesses so they like us.  We coach reps and business so they succeed.  When they succeed, they Love us.  By the end of the second week, the office I was brought on to “Re-Invent” was electrified.

Everyone was dialing hard on Mondays because the results were immediately seen and felt.  Everyone was everyone’s friend and the “attitude” in the office was one of professionalism, respect, success and excitement.  There is still a 2′ tall crystal goblet from corporate sitting on a shelf somewhere with that office’s name on it.

Change a “Process” with a proven method and you just may change the history and direction of your business or your sales career.

Case Study #2

This is a very well documented study of Corning cookware.  For decades Corning dominated the glass cookware industry until one day in the early 70′s they found themselves going out of business.  Within a very short time Corning had competition all across the globe producing similar cookware at half the price.

Corning had no time to make “adjustments” they needed to make “changes”, AND FAST.  They decided to hire consultants to help them figure out what to do.  The consultants suggested they ask the top 100 employees to come up with 1 idea each, of a new product, that they could begin manufacturing on nights and weekends.  After a few weeks, 100 ideas came forward.  They carved the ideas to ten, then finally settled on one new product line.  Corning cookware is now one of the largest manufacturers of “Fiber Optic Cable” in the world.

They learned from this near disaster and asked, “what else can we make”?  They are now the 3rd largest manufacturer of screens for LCD t.v.’s.

Corning still makes cookware, but that is just a small portion of what they evolved into.

As the baby boomers enter their peak saving years and downsize, as we become a global society, as 1 out of 8 people married in 2008 met on a social-network, as our real-estate market continues to decline, what “adjustments” are you now considering that should probably get re-scheduled and re-tabled as “CHANGES”.

Ask yourself,  “What major changes would I like to see”?

Now ask yourself,
“WHAT MAJOR CHANGES WOULD  I / WE  NEED TO MAKE, SO I / WE CAN BEGIN EXPECTING MAJOR CHANGES”?

Once you think you have found the Major Change you should make,
benchmark it against Dr. Covey’s great question….

“What one thing, if done consistently, and superbly well, would allow you to accomplish all your goals”?

Hope this helps.
Growth Consulting for Today
-Ken

Growth Consulting 101

When we are brought on for growth consulting, there is one strategy that we explore in almost every case.  It involves the use of
Affinity Partnerships.  The most well known Affinity Partnership is that of IBM and Intel.  In almost every job IBM procures, they use Intel’s chips, and in almost every job that Intel takes on, they ask to see if IBM can have first right of refusal to do the hardware.

In this partnership no money changes hands, per se, but it is definitely a partnership.

Affinity Partnerships are more like business friendships.

When speaking to Chambers of Commerce I like to have all the business owners do a show of hands if they joined the Chamber to see if they could sell other Chamber members their goods or services.  I ALWAYS get a 100% showing of hands.  I than ask for a show of hands of how many people in the room have given thought to selling their services to the other chamber members’ clients.  Most of the hands drop quickly.

Affinity Partnerships involve a sharing of not only leads, but of client bases.

The best picure I can draw for an Affinity Partnership would be to have you picture the ideal business that your company could partner up with and literally share in their customer base.

Let’s take the example of an Insurance Company and an Accounting Agency.  If I am brought on to consult an Insurance company I’m going to beging to look for a large accounting firm and possibly even a mortgage company that we can partner with.  I’m going to see if we can begin a “Strategic Partnership” section on each others websites.  In this “Strategic Partnership” section we are going to give a strong recommendation for our new-found partners.  The goal is to create harmony between 2 or three companies and begin to get a series of referrals going back and forth.

Once the referrals begin, the relationship between the companies grows much stronger and much faster.  Many business opportunities come out of well thought out Affinity Partnerships.   These opportunities may have never come up, had they not started partnering up and referring business back and forth.

This is really the heart of why Chambers of Commerce began.  Affinity Partnerships can cause a business to lurch forward, in good economic times, and rocky economic times.

I challenge everyone reading this to form one simple Affinity partnership in the next 90 days.  Interview 2 or 3 companies.  If you are a sales rep, partner with a sales rep in a different industry and share leads.

If you are a printer, have lunch with a web designer.  Share clients and ideas for growth.

If you fabricate nuts and bolts, ask the sales rep that sells you your detergents who else he sells to.  Call a few of those companies and form a partnership.

If you make and sell a snack food product, get with a coffee company and go penetrate accounts together.

The brainstorming ideas will be endless when you partner up with a different company and look at business growth from a different perspective.

Once your partnership begins, try these quick ideas…

1.  Give each other a prime section on your websites
2.  Go through your client lists to see who may need your new partners’ service.
3.  Find out how they advertise and see if you can partner in their next round of advertising.
4.  Host a client get together including both sets of clients.  It’ll be a great networking session for your clients as well.
5.  Make some calls on new accounts together.

Hope these ideas help.

-Ken
Growth Consulting for Today

Growth Consulting Quick Tips

Here’s a few “NOT-OPTIONAL” quick tips that all our Growth Consultants deliver to all our clients.

1. Understand how Google ranks.  Quoting Aaron Wall, “A Google Ranking can make or break a business”.  Aaron Wall’s publication on
“the importance of a Google ranking” was picked up by almost every major news publication.  Aaron is the founder of www.seobook.com.  Currently Google is weighing it’s page ranking by about 10% s.e.o., 45% unique content, 45% quality linkbacks.  If you are not familiar with the terms in this first section, we recommend studying them as soon as possible.  We will be posting a series on each in the next coming weeks.

2.  Edit your companies profile on www.manta.com.   Business owners and purchasing agents are using Manta more and more when checking the size and credibility of a potential vendor, or company to do business with.  Manta allows you to edit your profile, making sure that the information they have on your company is correct and current.  Most importantly, when you edit your company profile, make sure to put your company website in the profile.   This ensures your company is getting a “quality” linkback, from a quality company.

3.  Read, or Re-Read, Guerilla Marketing.  This 1990′s book was so impactful to companies of all size that they built a company around the concept.  The company turned into an interactive website.  The website turned into a University.  When the founder of Today’s Growth Consultant owned a chain of video stores, the book, “Guerilla Marketing” was instrumental in going head to head with larger, national chains.

4.  If page ranking is a concern for your company, have every owner, manager, and most employees open a myspace, facebook, linkedin and plaxo account.  Have every person reference the different pages of your companies website in each of their accounts.  For instance, If you are the owner of a plumbing company that has a website  www.abc-plumbing.com, set up a myspace account for yourself.  Inside the myspace account, reference the website of your plumbing company, using the regular url  www.abc-plumbing.com.  Duplicate this technique with your linkedin, plaxo and facebook accounts.  This will give your company 4 “unweighted” linkbacks.  Ask your managers to do the same, but this time, have your managers point to a different page of your website, say the “request a quote” page.  In the manager’s myspace page, they would reference your company with the url of www.abc-plumbing.com/quote.  The manager would then set up the same url page in each of the 4 social network sites.

We recommend that you split up the url references to 3 different sections of your companies website.

If your company has 10 employees, plus the owner, that’s 11 people registering on 4 social network sites.  This would produce 44 “unweighted” linkbacks for your companies website.  These unweighted links would add up quickly and help your company in it’s rankings on Google.  It may take a few weeks for Google to notice your changes, but they will.

-Ken
Growth Consulting for Today