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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Saturday, January 23, 2010

“Born to Buy”


By William D. Hinsch



I’ve spent a lifetime intrigued by sales, salesmen and the process of inducing another human being to make a buying decision. Yet, I am not a salesman.
I wish I had the ability to inspire a buyer to reach into their pocket and accept my offering, and thereby change their world for the better while allowing me to live another day. This process is one of the most important forces in our society, yet it is under-recognized and often misunderstood.
As my friend Chris Anderson says, "Nothing happens until there's a sale." That quote sums up why so much effort, expense and emphasis is placed upon the selling function in every office in every corporation in the land, whether it's the recruiting department at Harvard or the telemarketing room at Hewlett-Packard. All need to persuade someone else to embrace what they have in a scarce world of potential customers.
Today, a sea change is occurring in the advertising world, one that is shaking the foundations of commerce. It is bound up with the Internet and the non-acceptance of old modes of advertising. A rising class of buyers -- variously referred to as Generation Y, Millennials, Generation Next , the Net Generation -- have concluded that the old models do not work, and they actively bypass, thwart, ignore and supplant those aging sales strategies. To wit, the death of newspapers and the ascendancy of TiVo. If you are contemplating a $3 million, 30-second ad on Superbowl XLlll, think again.
These Echo Boomers -- raised on video games and suckled on free downloads, free software, free news and yes, free advertising -- don't respond to the "normal" impetus to buy that their forebears of only a generation or two ago embraced. Most of us are now more sophisticated, and many companies are left wondering "who moved my customers?"
That’s the bad news. Now for the good news.
I remember stealing a book from the library when I was a kid called “Hidden Persuaders,” by Vance Packard, who saw malevolence all around him from his Madison Avenue suite. What he described in his book shocked a naive public. They found they were being manipulated by crafty ad men with practices cribbed from the research papers of psychologists and re-purposed to disarm the natural defenses of the buying public, triggering them to part with their money, usually without thinking.
Marketers were tapping into our collective monkey brains. That was a scary thought in 1957, a time when dangers large and small seemed to lurk everywhere. The publishers of “Hidden Persuaders” sold this as a grand conspiracy, which was a clever marketing tactic in itself. To sell the book, the publishers shot across the bow employing the very methods the book sought to reveal.
Machiavelli would have chuckled. And I was smitten.
I didn't see anything wrong with what the whiz-kid promoters were doing. Instead, it fascinated me that people had “buttons” that could be punched like an automaton to impel them to take an action they secretly wanted but would be aghast at if they found that their psyches were being manipulated, much like a virus lurking in the background ready to wreak economic havoc.
I was vigilant in noting the effects promised in the book, and I immensely enjoyed understanding what was at play even as my mother ordered useless stuff from late-night infomercials that were the brainchild of Ed Valenti, inventor of the infamous Ginseng Knife, whose dummy Ron Popeil was Charlie McCarthy to Valenti's Edgar Bergen. Popeil made famous such Valenti aphorisms as "But wait, there's more!" and "Now … how much would you pay?"
Each phrase followed the addition of another item or feature to the catalog of a product's advantages or attachments. The advertisements frequently answered the "how much?" question with pseudo prices, followed by a dramatically lower actual price, which was also a Valenti creation.
This was an early example of utilizing the Contrast Principle, whose ultimate expression in marketing is the Perceptual Contrast, which takes advantage of a human trait of noticing differences among things, not absolute measures. We are shown a poor product first, then made to feel exultant upon discovering a better product on its heels. Consumers are prompted to embrace a service that is “half-price” from its quoted pseudo value, feeling they have landed a real deal. In fact, they have been manipulated to buy when they otherwise would not have considered parting with their money.
Fast-forward 50 years. On one level, everything has seemingly changed. But not really. The terms are just different, as redefined by a new generation. On the most fundamental level, the old rules still apply. But opportunity now lies in creating unique and sustainable ways to position the few things that have changed in such as way that marketers are able to leverage the things that haven’t.
Webification of the market has merely repositioned the process. The product is now out there for everyone to see immediately, which on one hand means that if you develop a unique approach and it’s a good one, it can go virally successful overnight – light years faster than before. At the same time, it means copycats will be on your scent as soon as they detect your success.
The success of the Internet means that you have to create sustainable ways to perpetually nuance your message while at the same time sustaining a consistent look and feel in the way you present your product or service merely to stay even with the wolves.

The Internet age forces companies to take a fresh marketing approach to keep their competition at bay.

Ten years ago, I became the founding artist at Root Learning (www.rootlearning.com). It grew into a global business solutions leader by streamlining how corporations communicate strategies to their organizations by using a unique application of graphics combined with narrative learning technologies.

At Root, core research showed that people remember only 10% of what they read, but 50% of what they see or hear. Leveraging that truth, we were able to adapt our graphically-based learning tools to meet specific customer needs in such a way that communicated messages cleaner and faster--and with significantly higher retention.

Since then, I’ve gone on to found my own firm, LearningVisuals.com. I've developed methodologies to help companies streamline their sales messaging similarly.

After attending The White Paper Success Summit of 2010, I will gain powerful, cutting-edge insights. My intention is then to midwife "Born to Buy" solutions for my customers and deliver new business into their hands

Wednesday, May 13, 2009

What Bill Shay Teaches Business About Competing


" Competition, Compeshmishion", Bill Shay would have said in his distinctive Boston brogue, dismissive of the subject. Bill had experienced REAL competition back east in the newspaper wars of an earlier age. 


For the kiddies: Newspapers  were yesterday's equivalent of today's blogs, a compendium of the commonplace and consequential everyday happenings. Mostly commonplace.


As I write my very first blog post, I am drawn to thinking of Bill. 


How do I compete?


I am excited and terrified writing here for the first time. Excited that I am (FINALLY!) part of the technorati. Terrified that I won't measure up to my two partners in crime. 


Three bloggers becoming we are. 


They have weighty thoughts and Harvard educations and a wealth of business experience, which is pretty important to a blog on business issues. 


Me?  I grew up in a cornfield and barely understand business, really, just an intellectual intellectualizing it. They LIVED it..


So I thought of Bill and his likely commentary on my all-too-mortal fears.


He had few peers on the copy desk where he was the chief. (I shudder what he would think of my effort here). He had fewcompetitors though many worked around him doing the same task, cleaning up others missives, tightening them into powerful but terse statements of fact. He would shudder at the banal blandishments of today's bloggers. But he needn't worry about it now, as he takes his dirt nap.


He was an inspiring model for a puppy dog, and an object lesson on the subject of competition, something all successful businesses must face to be successful, the price of entry into that exclusive club.


He put his head down and did his job. He looked neither left  nor right, and took a 20 minute lunch, then worked after the clock said to go home. No doubt when there he no doubt kissed his wife then spent a good part of  his evening noodling on tomorrow's tribulations.


He would repair and then go on and do the same thing the next day. And the next day after that. For 40 years until he retired and became irrelevant. 


The result?  Today he's still talked about by those of us who loved him. 


Those "in competition" fail usually. Who they compete against are the winners, and those winners aren't thinking much about them.


This all came crushing into my consciousness 20 years after Bill when my then-company shoved a non-compete form under my nose to sign. 


I looked incredulous at my partner, sheepishly waiting for me to get the deed done. I admired him a year earlier when he talked tough about not worrying about others copying us since we'd be so far ahead of them by that time. 


But advising accountants and lawyers with too much life under their belts have a way of worrying successful business owners who covet the wealth a captured intellectual capital can bring, planting seeds of less , blind to the abundance around them which is the truth in an unprotected world where the abundance is the only protection available.


I at first, fumed. Then I rebelled taking a week to sign, writing all sorts of caveats in the margins to the ridiculous opaque paragraphs taunting me. I struggled to figure out the traps and shoals therein and pursuant to, herewith evidenced by its impenetrable logic. 


The lawyers didn't like those caveats, asking me to excise them. So I conformed (sort of) but in an impotent last show of rebellion I wrote them anyway on the backside where their copiers could ignore them.  They felt better. Never noticed was my dad's signature with a different middle initial, on the document,  our names being the same otherwise. 


Dad loved signing that paper, an old dog enjoying his feisty last stab of the middle finger to the monied controllers of us all. He advised me to "pull the pin"— a euphemism he often used when he walked off a job, pissed at a contractor fucking with him.


I later learned his signature was fraud according to those same lawyer's mentality. But it made no difference since the deed was long past, and now I was in a settlement procedure on my severance with that company. 


They had seen my cancerous inclusion in their midst as the next thing needing excised. That cancer began after signing that paper, rebellion notwithstanding in the light of legal precedent as I, the first, made it necessary for all others to sign similarly afterword.


Cut the head off the snake and the body writhes inevitably to silence. 


But I noticed my cancer had a carrier cell in the form of my  company becoming diseased by the signings as well. 


Once upon a time, we were innovative. But the innovation stopped after that non-compete signing, never to be recaptured in the same way.  Perhaps coincidentally. But I don't think so. 


A leader in an industry focused on it's competition, all springing from its loins,  doesn't look ahead so well. And innovation is all about looking ahead.


Bill had taught me to ignore the competition. He knew he couldn't do anything about them. He knew he could do something about himself.  If not worried about "them" he was free to look ahead and see where the river bends and the rapids are and the rocks located in the rapidly flowing water.  Never mind about those in the wake. Doubloons are under the water to be found, but are often passed over when nervous that a pirate is mounting the mast.


Little understood by business but understood by Bill was that you carry a force field around you when you are not worried at all, repelling those rappelling your ship. 


Better yet is to make them friends and not competitors, a holy antidote to the problems with competing. "Coopetition" is one of the healthier new phenomenons I've seen in business. 


But this is about as popular to our human natures as turning one's cheek to a slapper. Some philosophies take millennia to sprout as Mr. Christ no doubt realized.


Yet there is hope in this down period that businesses will adopt Bill's ways, as the crunch forces out deadwood, and a new consciousness aborning becomes possible.


I remember Bill was helpful to others on the desk. 


"Don't WRITE, Mr. Shakespeare. REPORT" he'd growl. 


Imagine.

Helping those that would replace you if they could.


 Maybe Bill's views on competitive issues defined him as peerless. But helping others that would replace him I suspect is why we still remember him.


Bill Hinsch