marketing Archives - Marla Tabaka https://marlatabaka.com/tag/marketing/ Business Coach Wed, 06 Apr 2022 13:48:09 +0000 en-US hourly 1 https://marlatabaka.com/wp-content/uploads/2019/12/cropped-M-Favicon-32x32.png marketing Archives - Marla Tabaka https://marlatabaka.com/tag/marketing/ 32 32 Stop Marketing Products and Services. Your Company Culture Will Attract the Ideal Customers https://marlatabaka.com/2022/04/06/stop-marketing-products-and-services-your-company-culture-will-attract-the-ideal-customers/?utm_source=rss&utm_medium=rss&utm_campaign=stop-marketing-products-and-services-your-company-culture-will-attract-the-ideal-customers https://marlatabaka.com/2022/04/06/stop-marketing-products-and-services-your-company-culture-will-attract-the-ideal-customers/#respond Wed, 06 Apr 2022 13:37:13 +0000 https://marlatabaka.com/?p=61336 A good product or service practically sold itself in the past, but not anymore. Today, customers put their money in businesses that demonstrate a strong company culture with values that match their own. A savvy entrepreneur puts the development of an attractive company culture at the forefront of their growth plans; it's not an afterthought. […]

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Company CultureA good product or service practically sold itself in the past, but not anymore. Today, customers put their money in businesses that demonstrate a strong company culture with values that match their own.

A savvy entrepreneur puts the development of an attractive company culture at the forefront of their growth plans; it's not an afterthought. Your customers want to be a part of your brand; they want to support companies that represent their own global views or satisfy them beyond a typical purchase. They want their purchase to be an experience, not a transaction.

For services like my own, clients want to work with someone who has experienced similar challenges and demonstrates empathy, understanding, and the expertise to conquer those challenges. Appropriately crafted, your brand story hits home with your ideal prospect and helps them to know they are in good hands.

Of course, Apple and Nike are the kings of brand storytelling. Nike's Just Do It and Equality campaigns are iconic. In the Equality campaign,  the sportswear giant positions the company as a force for positive social change. A consumer's Nike purchases represent more than just a pair of sneakers and branded workout gear. Buyers want to become a part of a collective movement by wearing Nike products. And their campaigns create brand loyalists who engage on social media by sharing and commenting about their own experiences.

One of my favorite Apple ads aired way back in 2013, but it still sticks in my mind. It's about a misunderstood teen and how he ends up creating a very touching family holiday video. This ad holds an aha moment because it teaches us that we don't have to talk about the product or service to inspire our audiences. You wouldn't even know this is an Apple ad until the very end. If you've never seen this one, check it out.

Here's what you need to know about building and marketing your culture and brand story.

Your company culture is the cake.

Company culture is just the icing on the cake to some business owners, but those entrepreneurs are way off base. Your culture is not the icing; it is the cake. Savvy consumers and decision-makers look for the story behind the company before they buy. Like the cake, your culture has many carefully measured ingredients: values, happy team members who represent the values, work environment, brand image, voice, and story, world views, product quality, and proper procedures. There's more, of course, and it's a lot to manage, but without the cake, there is no icing to entice your ideal consumer.

Your brand needs a voice.

Storytelling is a powerful marketing technique. A compelling story will build a network of brand loyalists who connect with your company because of what it stands for. It's worth hiring a content writer or marketing agency to help you identify your story. It's not enough to put a cool story on your website; it must become an integral part of your marketing collateral. Spread the news on the various marketing channels available to you. Make sure your brand is cohesive across all channels. Talk about the “why” behind your business so that people can identify with it and feel eager to support you.

You and your team members should tell the same story.

Storytelling is memorable and persuasive–statistics are not. Make sure that anyone who represents your business uses your story, not boring stats. Teach them to tell the same story; one that it's truthful and compelling. This goal means spending time with your team. Familiarize them with your values and mission statement and what they mean. Do role-reversal exercises to practice their responses to consumer questions and objections. Allow your team members to contribute to the culture with suggestions and insights.

Trust is one of the top influencers of purchasing decisions. The integrity that's woven into the fabric of your culture is demonstrated through the behavior of those in the field. You and your sales team should be armed with the same answers to challenging questions. The way you handle objections tells a story about your company; make sure it's favorable.

If you work solo, do these exercises on your own. Many coaches and consultants stumble over the tough questions. If you feel your values to the core, you will speak truthfully and passionately about your services, and that's what your future client is seeking.

Many entrepreneurs argue that they have no time to build an intentional culture. As my quote at the top of this article implies, the results of a neglected culture are often catastrophic. Begin by identifying your personal values, then what your company stands for. Think big, beyond the scope of money-making activities. Reach deep within yourself to develop your “why” and the story and actions to bring your dreams to fruition.

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Here’s What Happens When You Love the Competition. It’s a Good Thing. https://marlatabaka.com/2017/07/06/heres-what-happens-when-you-love-the-competition-its-a-good-thing/?utm_source=rss&utm_medium=rss&utm_campaign=heres-what-happens-when-you-love-the-competition-its-a-good-thing Thu, 06 Jul 2017 20:31:29 +0000 http://www.marlatabaka.com/?p=25151 When I owned my coffee house (2001 to 2004), people frequently asked me if I hated Starbucks. I didn't. After all, Starbucks is responsible for re-introducing the culture of coffee in the United States and for establishing it in countries where the café culture never before existed. Starbucks put the romance into the coffee experience. […]

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When I owned my coffee house (2001 to 2004), people frequently asked me if I hated Starbucks. I didn't. After all, Starbucks is responsible for re-introducing the culture of coffee in the United States and for establishing it in countries where the café culture never before existed. Starbucks put the romance into the coffee experience. Without those romantic notions, consumers wouldn't have given a second look at my drive-thru, or stop by for a fireside chat over a delicious cuppa joe with their friends. I didn't hate my biggest competitor, I loved that they paved the way for my independent coffeehouse. Thank you, Starbucks!

Still, the truth is the coffee giant made it impossible for an independent coffee retailer like me to compete, so I didn't. Instead, my business became what Starbucks is not. It too became a household name–but for reasons other than our convenience and fast service.

Stop viewing your competition as the enemy and instead use their success as the catalyst to brilliance. Instead of investing your precious energy into hating or envying your competitors, use it to become the very best entrepreneur you can possibly be. Here's how.

Give your customers a unique reason to choose your brand.

I knew that my delicious fair-trade coffee wasn't enough to bring customers through the door, so I gave more dimension to the consumer experience. I added open-mic nights, brought in great bands, hosted art shows, poetry nights, and book signings. I even opened a private conference room to local businesses and organizations.

What can you offer in addition to your products or services? Or, how can you make them unique? When you stand out from the competition by offering something of value that your competitors don't, you give your customers a better reason to choose your product or service. How can you help your customers go beyond a simple purchase and truly experience your brand?

Keep your costs down to remain competitive.

When I purchased my coffeehouse I knew that I would have to bring down the cost of goods. It forced me to move outside of my comfort zone and negotiate with vendors. In many cases, I found new suppliers, and I never stopped negotiating.

Don't get complacent about your wholesale costs. Just because your suppliers have served you for years doesn't mean they can't do better. Also keep an eye out for new materials, parts, or products that will create a cost savings.

Innovate, innovate, innovate.

What sells today may not sell tomorrow. I've had too many entrepreneurs come to me for coaching because their once-successful business became a cash drain.

Watch what your competition is doing to stay ahead and learn from their wins, as well as their failures. Avoid getting so caught up in the day-to-day operations that you neglect coming up with the next great idea. That's the mistake these entrepreneurs made and, sadly, it's often too late to breathe life back into the brand.

Upgrade your skills.

When you allocate all available cash and human energy to your business, it's virtually impossible to invest in training and education for yourself. Keeping abreast of the latest technology and trends and constantly honing your leadership skills will help you gain and maintain the competitive advantage.

Write down a list of your weaknesses and make a plan to build upon the skills you need to overcome them. If you cannot acquire those skills yourself, outsource or hire someone who can provide the skills necessary to compete effectively.

Embrace new technology.

As technology improves and evolves, the marketplace changes, sometimes drastically and often overnight. You must be ready to adapt or change according to industry trends and business in general, or your competition will leave you in their dust.

Social media is a great example. Believe it or not, I still hear from people who don't even have a social media presence and don't believe they need one. Last year I worked briefly with a caterer whose business took a nosedive over a period of two years. We narrowed down the cause to a lack of online presence. Her closest competition added a customer-facing back end to its website and aggressively engaged in social media. But she simply refused to understand how this would make a difference and sadly, made no attempt to catch up with her competitors. Her doors are now closed.

Love the competition and your whole world can change. This simple shift in your mindset will keep you engaged, aware, and in the lead.

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