Developing Your #1 Asset: YOU!

August 10, 2010

Whether you are a business professional working for a medium to large corporation or you are sharpening your saw as a small business owner or aspiring entrepreneur–everyone is looking for ways to shine and stand apart from the pack these days.  In this pursuit, I begin by bringing to my client’s attention the themes as well as the core self-limiting beliefs that I hear (with my psychotherapist turned coach ears) as they tell me about their struggles and challenges in breaking through to the next level of where they would like to be professionally.

What do I mean by this?  Well, as young people we all develop certain coping techniques and beliefs that enabled us to navigate our early relationship patterns.  It is that Darwinian response that allows us all to survive what for some may not have exactly been a “Leave it To Beaver” type reality, and adapt in a way that is not always totally reliant on adequate and positive responses from our caretakers.  As we evolve, and are fortunate enough to find lovers, friends, and a community where we have healthy and balanced relationships–sometimes our former coping mechanisms and negative core beliefs we interpreted about ourselves from our early world, can get in the way.

Now, the challenge as adults is to:

1) IDENTIFY your negative core beliefs and maladaptive coping mechanisms

2) PROCESS how and why they played a functional role for you as a young person

3) UNCOVER what the cost is to you as an adult when you continue to hold on to them

4) LEARN to let them go and to live your life with less conditions, more freedom and greater possibilities!

So–what’s holding you back today?


Maria Ross: Chief Marketing Diva

June 2, 2010

This is my second interview in my ‘Profiles of Inspiration” interview series. This fabulous interview is with Maria Ross, Chief Marketing Diva of Red Slice based in Seattle.  Maria’s first book, Branding Basics for Small Business, was released today! NOW FOR SALE at www.brandingbasics.info.

1) What is your ultimate vision for Red Slice and do you consider this vision part of your ultimate legacy?

 I didn’t start Red Slice intending to build a big global branding agency or anything. I just wanted to do work I like with people I like who are passionate, friendly, smart and respectful. I was jaded by some past experiences in high tech marketing where executives were making the wrong decisions, not thinking about the long term, and who were just plain disrespectful or arrogant about people’s time and efforts. I was sick of it, so I decided to be my own boss and only work with people I selected. In this way, I can constantly build my legacy of going the extra mile, delivering quality work, and helping others build a strong company and offer value. When you come from that place of mutual respect and passion, you can climb mountains for people and know the effort will be appreciated and rewarded. I also wanted to help “clean up the marketing and brand pollution” that is out there, and help people realize that they need to be smarter about their branding. Now I’m on a mission to make entrepreneurs realize that a brand is more than a logo – and I think I’m really succeeding in that mission. My official mission is to help companies “engage, inform and delight” their customers and that is my personal missions as well.

2) What are the core values of Red Slice and do those values correlate with you personally?

Red Slice is me and I am Red Slice, so everything from my Guiding Principles to my Mission are my personal ones as well. My mission is to Engage, Inform and Delight. Whether I help a business do this for their customers – or I personally do this when speaking, teaching, writing, or even acting (another passion of mine), it’s about making a connection and evoking an emotion. If more companies did business from this brand perspective, you might have more Apple’s and Nike’s in the world. In addition my Guiding Principles are: Work Hard, Play Hard; Do what you say you will do; Treat everyone with respect and honesty; The devil is in the details; Be prepared; With blessings come responsibility. Especially with that last one, I try to use my good fortune to benefit causes I care about, like animal welfare, child welfare, and getting medical help to war-torn countries. If I can use entrepreneurial success to support the causes close to my heart, then that is an amazing gift.

3) How much thought/planning/designing went into differentiating Red Slice from your competitors?

Quite a bit. I could have gone the route of calling myself “Maria Ross Consulting” but coming from an ad agency background, that just seemed so boring to me. I wanted to create a business that was memorable, fresh, fun and innovative. If I’m going to help companies stand out, then I need to walk my talk, right?! Everyone and their mother seems to be a consultant these days so I wanted to find a way to package up my unique skills and experiences in a way many people were not. I also tout specific differentiators all the time, like the fact that I’ve worked on both the client and agency sides and have worked on both B2B and B2C brands – which gives me a more holistic perspective. Finally, I do not shy away from talking about my writing and acting passions: that creative edge is another differentiator for me. How many people are creative Type A personalities?! Many people told me not to do this, but I figured that again, I could attract the people I wanted to work with if I represented myself authentically. It’s a nice Litmus test!

4) Congratulations on the recent publication of your book, Branding Basics!  What was the best part about the experience thus far?

Thanks! I’m so excited to package up all my advice and unique experiences to help people build their own strong brands and looks at branding in a more fundamental way. This was actually an unexpected opportunity but when it knocks, you really just have to answer. And I’m so proud of myself for taking advantage of the unexpected turn and publishing this book, which has been a dream since I started writing stories at 6 years old. It also feels good to pass on all these examples, good and bad, from my own work experiences and use them for the benefit of others. I really believe small business owners have such a unique opportunity to build a strong brand but they just go about it the wrong way. They think it stops at the visual design, or they cut corners, or they don’t think bigger about how every single, solitary interaction with a customer is a chance to seal your brand onto their hearts. Amazing things happen when you build a business based on passion and value – the profits soon follow when it’s done right. The book can be ordered at www.brandingbasics.com and is also available on Amazon, Barnes and Noble.com , Borders.com and even in Kindle format!

5) What are you most proud of as it relates to your work at Red Slice?

Helping businesses “clean up” their messages or visual branding to properly tell the story they had in mind all along. That “A Ha!” moment is always a thrill for me. I work with fabulous designers and writers who can bring a vision to life: they just needed me to translate the vision in a way that could be understood. I love when clients say, “Yes! That’s exactly what I wanted to communicate!” or when they see how they have not been doing themselves any favors with selfish messaging: talking about what THEY do, rather than what CUSTOMERS want to hear. And I love the gems that form when we’re brainstorming. Business owners have the power to create their brand – they just don’t always know how to approach it or where to start. I feel like a guide in that respect and I love it.

6) How are you reaching your target market? 

Amazingly, all of my clients have been referrals, but I started heavily using my blog and social media to influence people. I’m a writer by nature, so the blog was a great way for me to reach my audience and deliver value. I also had to build my business from scratch, as I had just moved to Seattle and was only here 3 months before hanging my shingle. So I had to try a lot of networking groups (some fit, some didn’t), connect online, leverage Linked In, etc. My business is a referral business, so I don’t believe blind mailers will net me new clients – but that’s a brand choice I have made. I also have some dream companies in mind I’d like to work with that are in my radar – when I have time to pursue them!

With referrals, initially, I was getting a lot of “Can we have coffee so I can pick your brain?” I did this a lot at first and realized I was giving away something for nothing. My product is my brain! It’s my experiences and advice and I learned early on you can’t just always give that away. So going back to the “pick the clients I want to work with” if someone can commit to a paid initial meeting, then a) I know they are serious and have budget (if they don’t have budget, you can’t waste your precious time!) and b) I could feel good about putting a little extra research and work into that meeting so it really was valuable for them. Often, these initial meetings do convert to sales because you are putting your best foot forward and they see the value of why they need you.

To be honest, this still morphs and grows for me. I tested different things at first. I initially meant to pursue companies like the ones I’d worked for, but then got into the vibrant entrepreneurial small business community. Now I’ve righted the ship a bit, so to speak and balance the two.  Small businesses are so much fun, but they can’t always spend in a way where you can be super successful for them.

7) What do you most dislike about being a business owner and how do you deal with that aspect of business?

I’m an extrovert, so being alone is awful: no one to bounce ideas, catch you if you fall, stay up to date on Quick Books! So I network a lot and meet people out for coffee. My partners that I work with are amazing and I love to brainstorm with them. I’d say the hardest part is dealing with taxes and the books – I’m not a numbers person and the tax laws are so damn confusing, it kills me. I spend so much time trying to make sure I’m not breaking any rules!

8) What do you most enjoy about being a business owner and how much time do you get to spend doing that part of your job?

Flexibility and freedom! Being able to go get a coffee in the middle of the day, or hang out with my dog or set my own schedule. It’s hard because you have to, well, “set your own schedule” and its easy to get distracted (especially with Social Media!) but I am someone who needs a bit of structure so I make it for myself. I set days of the week for client time when I can, hours for networking, try to only go to 1 or 2 events a week, etc. I need to make time to remember I’m working for myself for a reason and not let my own business consume too much of me. I set strict boundaries on weekend time (don’t log in if I can avoid it or unless there is a deadline) and try to leave my home office for the night when my husband comes home. If you don’t set those boundaries, you will lose yourself in all the freedom!

9) Where do you find inspiration as a business owner?

Everywhere! From individual entrepreneurs who come to speak at networking events, to those I am just lucky enough to meet in at such groups. I get inspired by reading stories in the press of people who are following their passion and turning it into profit. I get inspiration from the big companies who do branding “the right way” and I know my efforts are not in vain. I have also tapped into some great women locally who are super sounding boards, who do really cool things, and who are blazing trails and making things happen. I get inspired by activity, progress and creativity – as well as by those who are Zen about their career, take time to breathe and enjoy life’s simple pleasures. It can be easy for small business owners to get caught up in a competitive Rat Race of their own if they are not too careful – I had to step away from some people and groups because of that. So surround yourself with people that are doing things the way you want to be doing them – not just those who are selling out, selling their soul, or working themselves to death to be successful!


Building Your ‘Field of Dreams’

May 4, 2010

Brick & mortar businesses are up against the convenience of on-line shopping.

Freelancers /”Solo-preneurs”/Consultants are all up against an overall cutting back of spending and a trend of ‘doing it yourself’ rather than employing ‘us’ to support their businesses.

Grass roots manufacturers & designers are up against China and the scale of major chains and franchises’ band widths.

However, with the explosion of online social and professional communities providing free and limitless growth opportunities for our businesses, the need to succinctly and enticingly communicate who we are, what we offer and how we deliver our product has never been more important. This ultimate goal of branding ourselves as our core business offering is differentiation and specialization.

To stay ahead of these trends, you need to clearly and consistently communicate to your ideal target audience your very own why, who, what, how and where. Here’s what I mean:

Why?

What is your ultimate vision & mission for your business?

What do you intend your LEGACY to be?

Who?

Why are you the best person to do what you do?

What are your core values as they relate to your business identity?

What unique story is YOUR business telling?

What?

What are you doing to ensure that your business model is aligned to attain your vision?  Have you positioned yourself appropriately for growth?

*It is critical to design multiple streams of revenue so that you can work on optimizing various audiences at different times for different reasons and simultaneously cross-pollinate clients to additional products and services within your business model.

How?

How are you delivering your core value proposition, your unique business story and your product/service to your ideal target market?

Where?

Are you part of not only networking organizations but also national and international forums, organizations, conferences, social media, etc. where you are staying on top of the global, national and local trends of your specific industry? You goal is to develop expert status within your industry amongst these communities.

Are you clearly and consistently communicating the right message throughout everything you do?  Where/how do your clients spend their time (at work, home, leisure)—and how can you infiltrate/share your business offerings with them at various times throughout the day?

Are you developing strategic partnerships and gaining increased visibility as well as giving back to your own community through sponsorship of events/philanthropy?


Best Business Practices: Media Tips

March 23, 2010

After having completed a taped radio and television interview, I am now preparing for an upcoming live cable television interview and I wanted to share some media tips that I was recently given by NYC based media expert Jeff Bloch. Getting media exposure is a key step towards building your brand, establishing your expert credibility and sharing with the world what you do for a living and how they can find you. Who doesn’t want some of that?

1. PREPARE-Before you talk to a reporter, know your story. Focus your broad knowledge of your subject into three key messages that tell a complete story. Think about what you would like the headline to be, and what you want the reporter – and your audience – to remember. Often, the messages state a problem/situation, followed by a solution/next step, and finally offer the credibility of your organization to provide that solution or input.

2. THINK NEWS- Messages should offer some information that is new, that goes beyond what others have said, or that identifies a new issue or trend. Don’t sensationalize, but think about what can make your story more interesting, more compelling.

3. SUPPORT YOUR STORY WITH SPECIFICS-Facts/figures-don’t worry about citing particularly daunting numbers, rather just provide some context with numbers that will allow the audience to better appreciate the scope of your work, examples, anecdotes, quotable language-in other words vivid words and well-turned phrases that are catchy but not too clever and will help to crystallize your story.

4. CONSIDER THE AUDIENCE-Whom are you trying to reach? Consumers, potential business customers, decision-makers? Make sure your messages and your supporting information are tailored to your audience. Avoid jargon – use language they will understand. When possible, put a face on it, meaning, give an example of a person or situation that your audience can relate to and appreciate.

5. DEVELOP-Develop a list of questions that are likely to be asked. Be prepared for obvious negative questions, but also be ready to answer the supposedly “easy” ones, such as “Tell me about this study / your company / your perspective on this issue.” Keep up with the news in the days before your interview and be ready to deal with related events or developments.

6. DELIVER-Once the interview begins-take control. Don’t wait for the reporter to guide you through your story. Begin at the beginning, deliver your messages early and often, explain, re-contextualize, repeat yourself as necessary. If you are reacting to news, hold your ground. If you are promoting a story, don’t make the reporter “pull teeth” to get it.

7. USE FLAGS-Phrases such as “What’s most important…” “The key thing is…” “There are three critical factors…” signal to the reporter and the audience that you’re about to say something vital.

8. BUILD BRIDGES-Don’t just answer the question. Find the ways to go beyond the answer to your message. Be more expansive, offer additional information, return to an earlier point. Make sure you spend more time on your story than on other, less important, topics.

9. TURN NEGATIVES INTO POSITIVES-Don’t be defensive and don’t over-explain your response to the negative. Instead, deal with the negative – without repeating any negative language – and then bridge to a message. Remember to end on a positive.


Taking Your Invention to the Market

February 2, 2010

I have received inquiries about how to go about sourcing manufacturers, particularly early in the short run stage, both domestically and in China as well as how best navigate the route to market with one’s invention or product line.  Here are guidelines from inventor expert Bob Dematteis, whose inventions exceed $25 million a year to companies like Sears, Wal-Mart and Kroeger:

A smart inventor will build a team as soon as possible. The four principal team members will be you, a patent attorney, a manufacturing expert and a marketing expert. Again, keep in mind that sales generate income, which will generate profits or royalties. And, since inventors are usually not very good at sales, your marketing expert is the most important key member you will want on your team as early in development as possible.

An inventor can brainstorm the basic concept and even make a crude prototype. But prototyping should not be advanced without substantial input from the marketing expert. After all, this marketing expert (or group) is the one that is going to generate the sales. It makes no sense to spend your valuable time and money on developing an idea that no one wants to buy. Having the right marketing person on your team, at the earliest possible moment, will ensure that you will be developing your invention with all the right attributes. This marketing expert will provide valuable input into evaluating the invention and can even provide sales projections.

The simple flow chart below shows how the initial invention evaluation process dovetails with your patent protection process. You basically have three alternatives to start the patent protection process of an idea while it is being evaluated.

The first and best alternative is to evaluate your invention’s merits and its sales potential with an expert you know and trust. Second, if you do not know any trusted experts, you can use confidentiality agreements. Third, if you want to spend the extra money and speculate on having your invention ready for mass production and producing income in a year, you can file a simple, provisional patent application for as little as $75.

As you can imagine, many larger companies will not sign confidentiality agreements as a matter of policy. Filing a provisional patent application can replace the need to use confidentiality agreements and serves to protect your invention’s priority date (the date you file for patent protection). If you file a provisional application you can more openly talk to and interview those marketing experts working with larger companies. The downside of filing a provisional application at an early stage is that you will be incurring the higher costs of filing the regular patent a year later. One year is not necessarily a lot of time to build your team and fully develop your invention. But it should be adequate if you plan your development well.

All three methods are viable approaches for inventors and have their merits. You only need to determine which works best for you in your particular situation. To give you a little insight into my invention activities, I prefer to work either with those marketing experts I know and trust, or using confidentiality agreements with those I do not know well. Any company that will not sign one of my confidentiality agreements I will not consider as a viable team member. And, I will never sign one of their agreements, which invariably protects them a lot more than you.

Figure 6-1 Invention Evaluation – Patent Protection Flow Chart

In your pursuit of finding that key team member, a marketing expert, you will want to interview them based upon several factors. Just remember that some marketing experts will not have any interest in selling your invention and others will simply not have the ability. You would be wise to keep searching until you find just the right match.

If you receive a lukewarm response from one or more, don’t give up right away. Try to field, as many objections as possible from the interviewees to better understand why the objections exist. These problems can invariably become opportunities once they are resolved. Discuss the various alternatives with the expert.

Finding the right marketing expert for your team can quickly propel your efforts forward and can even encourage manufacturers to invest their resources to gear up to manufacture your new invention.

Smart marketing experts who understand the benefits to your invention and have the right contacts can pre-sell your product based upon some simple prototypes. Think about it… can your marketing expert get a commitment for an initial sample order of $20,000 [for instance]? Then it would be easy to assume that subsequent orders from others would probably total 10 times (or more) that amount. With pre-sold orders, it is a lot easier for your manufacturing team member to make a commitment to spend its resources and get the product launched and producing income.



Blogger Basics

January 29, 2010

Hollis Gillespie, author and expert writing instructor, has imparted her ‘must-do’s’ to help you blog you way  to financial freedom as well as position yourself as a blogger.  Here’s what she has to say:

1. Focus your content: Decide what is your ONE thing that you are going to write about…it doesn’t have to be BIG, it just has to be big to YOU.  Connect with your voice and your unique narrative-do not obsess about grammatical perfection.

2. Best sites to help you monetize your blog: Problogger.net & Copyblogger.com

3. Killer Blogs=Traffic=Income

4. Six characteristics of killer blogs: Post often, forget perfection, write like you speak, specific subject matter, know your audience, keep it short.

5. Migrate your blog content to your own domain: Reserve your own domain name on GoDaddy.com and then employ the services of www.techadvocatesolutions.com to integrate all of your blog/website needs.

6. Explore sites you like, take a ‘news’ post and write an opinion piece on it.

-Check out Google.com/trends

-Set up Google Alerts for your subject matter (www.google.com/alerts)

-See what is popular in the blogosphere: Digg, StumbleUpon, Reddit

7.Investigate options for affiliate marketing on your blog(Amazon.com has a program)

8. Create a PayPal Merchant account that allows you to accept credit card purchases on your site

9. Research top blogs in your category (www.technorati.com) and guest blog on them

10. Advertise your blogs on your Twitter account and Facebook Fan Page


Top 10 Lessons I Learned in ’09 While Starting My Own Business…

December 30, 2009

Patience, Patience, Patience. Keep in mind that the ultimate vision that I am building towards will be my life journey and not an overnight transformation.

Just Be Me. 99.9% of the time, someone is already offering the same product or service that we are now selling. What differentiates me from my competitors is my authentic signature brand.

It’s A Family Affair. The risks, costs and rewards that are incurred in my business venture involve my entire family so I have learned to involve them in any strategy and decision making processes.

Know When To Hold ‘Em, Know When To Fold ‘Em. Evaluate my revenue model regularly and be sure to constantly adapt so that I am spending my time and resources on my most profitable activities.

Adopt A Platform Building Mentality. Construction begins in 2010.

Take Time To Get Inspired. I uncover my greatest ideas and solutions when I am swimming or running, not when I am staring at my laptop and forcing the process.

To The Market We Go! Determine what forms of marketing I can and will do myself and hire someone to manage that which I don’t enjoy. Love it or hate it, either way, we all must embrace social media but be cautious not to lose ourselves in it.

Nothing Ventured, Nothing Gained. #1 way to build my business is through public and private speaking opportunities. Get out of the office and behind the podiums as much as possible.

Prioritize Your Priorities. It sounds so obvious, but now that I am blessed to have a husband and a four month old baby-I am amazed at the challenge of focusing on what needs to get done and what would be  ‘nice’ to get done for my business,  for our family and for myself-each day.

Educate, Entertain, Inspire. By doing these three things for current and future clients, I am slowly but most definitely growing the business of my dreams.

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How to Make Your Book a Best Seller

December 21, 2009

My business goal for 2010 is…. to begin (note, my qualifier) to write my first (yes, it may not be the last) book (there, I said it). Do you think you have a book in you?

Many have admitted this same desire to me but fear that it may be pure fantasy as the journey appears to be hugely intimidating.  This is why I wanted to share with you invaluable information from Cindy Ratzlaff, Founder of Brand New Brand You.  Cindy was responsible for the marketing and publicity campaigns for more than 100 New York Times Best Selling Books. Specifically, she was responsible for the launch and publication of ‘The South Beach Diet’ which published 11 best-selling books in 36 countries and sold 22 million copies. Here is what she suggests:

1. Keep in mind these questions as they are the basis for a publisher’s ‘Profit & Loss’ forecasting:

  • Is the book well written and is it unique?
  • Is the content already covered in previous books?
  • What do you, the author, bring to the table that is different?
  • How big is your ‘sphere of influence’?/What is your platform strength?
  • Do 100′s of 1000′s of people know your work? (ouch)
  • Are you dynamic enough to sell this book through television, radio and print interviews or your own network?
  • Will you deliver an audience to the publisher?
  • Are you passionate enough? Do you have the personality and drive to ensure a best seller’s launch?

2. Best Seller List Formula= Distribution + Display (online & in stores) + Media + Marketing + Volume of sales within a one week period weighed against total Volume of sales of all (yes, all!) other books that same week.

3. Begin to create ‘Pre-Buzz Buzz’ a year before your book campaign by:

  • Establishing yourself as an ‘expert’ within your field
  • Connecting with ‘Key Influencers’ within your field/a.k.a  your ‘Fire Starters’
  • Platform Building Activities: blog, establish high visibility across social media, talk radio, internet, tv, webinars, tele-seminars, newsletters, in other words: Be noisy!
  • Building your Email List: they will be your social currency/your key evangelists

4. Identify a ‘Top 25 List’ of the places your ideal reader is likely to find you. Then, go to those places and get involved in the dialogue, ask to be a guest blogger, and engage the group’s leader as a strategic partner whom you can seek feedback on your ‘galleys’.

5. Coordinate your book launch for the publishers. Your goal in attaining best seller status is velocity of sales in a short period of time. The less work the publishers have to do the better.

6. Build a incentivizing campaign for your followers when they purchase your book in the first week of launch.

7. Maintain ‘Maximum Strategic Visibility’ across multiple media channels in order to create the impression that you are everywhere all the time.

And you thought writing the book was ‘our’ biggest hurdle? I will write more about self-publishing in the new year but for now, happy platform building!