entrepreneurship
349 posts
The Best Opportunity
One of the best things about our family’s move to Melbourne two years ago has been the rediscovery of local shopping strips. In beautiful Perth, where we lived for ten years, our grocery shopping involved a car trip to one of the dominant, big chain supermarkets. In Melbourne, we live a two-minute s
When Does Your Marketing Start?
The conventional definition of marketing describes it as the activities we do to promote sales of products or services. If we accept this definition, then the bulk of our marketing is done once we’re ready to sell our product. Tactics like list building, data collection, content creation, social med
The Business Of Trust
Trust enables every human exchange. Our society can’t function without it. The belief we have in each other’s promises is so great that it even transcends our immediate circle in the physical world. We order books, book hotel rooms and ride in cars with strangers on the word of others who have recom
How To Communicate Value Beyond Describing Features And Benefits
In an attempt to gain the trust of prospective customers we often resort to simply telling them about our product’s features and benefits. While describing value might seem like the easiest way to communicate it, the simplest strategy isn’t always the most compelling one. When value is demonstrated
The Power Of Story To Find Value
As business leaders, entrepreneurs and marketers we’re used to leveraging the power of story to describe value. We mostly use stories as a tool for telling. Because we believe the way to succeed is to be more vocal and visible, we create campaigns, sales letters, videos and press releases. We craft
Making Your Mark
Making a mark is not something we talk openly about that much, but it’s something we think about a hell of a lot. From the grandmother who hands down her legendary Christmas pudding recipe, to my Uber driver who, despite having held a managerial position with a big retailer for sixteen years, ‘wants
How To Learn From The Customer Journey
Many of the businesses you will frequent today have no idea how you became a customer. What’s worse than not knowing what brought you there is either making an incorrect assumption or not having an interest in your journey at all. It’s easier than ever in an online world to understand where customer
The Characteristics Of Successful Ideas
In an era when we have self-driving cars and delivery drones it’s still possible to encounter: Underwear with five uncomfortable care labels sewn into the seams. A beautiful teapot that becomes too heavy to lift when it’s full. Inconspicuous assembly instructions that confuse rather than clarify. Sp
What Are Your Marketing Goals?
We devote a lot of time to growing our businesses—often around the loose metric of ‘more’. It’s worth defining what ‘more’ looks like for your business. You get closer to your goals when you match effort to desired outcomes, and you can’t do that without understanding which numbers you’re trying to
Worth Vs. Worthy
As business leaders and entrepreneurs, much of our energy and resources are spent understanding how best to communicate our value to customers. Many of the most successful companies flip this thinking on its head. If we create things that are worthy of the time, attention and money of the people we
Metrics For A Job Well Done
Every business has metrics for a job well done. We know when our sales are up and complaints are down. We can measure our organisation’s performance and success in a myriad of ways. For many businesses, success is measured in efficiencies and financial targets. Others choose to pay attention to cust
Why You?
Marketing exists because we have more choices than we need and less trust than we want. We tend to think of marketing as the thing we do last when we’re ready to close the sale—the tactics we employ and activities we undertake to convince the customer, tell our story or describe our value. It turns…
The Key To A Sustainable Marketing Strategy
When we moved house a year ago, we had the bathroom floor tiles professionally cleaned. Exactly one year on I got a message from the company about a special offer. At first glance, I thought this was a helpful reminder and smart marketing on the part of the cleaning company who had anticipated my ne
Lucky To Have You
The customers at Estabar are lucky to have Bec and her team creating a welcoming space where they serve the best food, gelato and coffee in Newcastle with love and care. Why are your customers lucky to have you? You probably haven’t asked yourself this question in a while. This is your invitation to
Why We Need Brand Stories
Anthropologists tell us story is the universal language that has quite literally ensured the survival of the human race. Our Neanderthal ancestors told stories to pass on information that would keep the tribe safe—tales of misadventure and survival about what to fear or to embrace. We tell stories t
Creating A Sustainable Advantage
The two bookstores on Bourke Street have very different layouts, but they mostly stock similar titles. The three nearby cafes all serve eggs, porridge or toast for breakfast. Both convenience stores along the street stock the same brands of chocolate, snacks and emergency litres of milk. And the web
The Power Of The Customer’s Story
Mike, the guy who sells bus tours in Times Square doesn’t do permission marketing. He has 60 seconds to find a way to engage his prospective customer—a wary visitor in a strange city who isn’t anticipating being interrupted. Mike is competing with dozens of other street vendors. He’s also got the gi
Persuasion, Push And Pull
You’ve probably witnessed a mother trying to hurry her toddler along with a gentle sense of urgency. “Come on now Joe. Quickly.” she says. The toddler immediately senses what’s important to his mum, but not necessarily to him and begins to walk more slowly. Mum’s urgency escalates and eventually her
No Success Without Fear
When Elon Musk unveiled his audacious vision to colonize Mars this week, commentators had as much to say about his hubris and lack or fear as they did about the plan itself. They remarked that Musk’s greatest strength is probably that he has never been afraid to fail. That’s just not true. Of course
Marketing Constants
If you’re running a business, you’ll hear some version of the following every other day. Things have changed. And there’s no doubt that they have. Things have changed since the Internet became ubiquitous, since Facebook launched, since newspaper advertising died, since the iPhone, Amazon.com, ad blo
