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Your business is new. Or
small. Or cash poor. Or unknown. Or whatever would be the
opposite description of your competition.
If you think that's a problem, then think again. The key to
standing out from your competition is to tweak every aspect of
your business' image. Here are the first ten steps to get you
started.
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1. Choose the right name
A successful name will have three qualities: brevity,
distinctiveness and longevity. To achieve that, it must me
short. Sure, a short name has less communication content, but it
clearly has more communication impact, and that's what you're
aiming for. And avoid acronyms and abbreviations. Those are a
naming fad. Besides, even intelligent people have a hard time
finding acronyms in most yellow pages. Drop geographical
locations and product descriptions. The foremost purpose of a
name is to designate, not describe.
For example: Jiffy Lube is an incredibly clever name, but
research shows that the descriptive name causes most Americans
to think that's all that Jiffy Lube can do: lube your car.
2. Excel in customer service
Be visible, available, flexible. Solve situations
immediately. Offer freebies: free samples, free trial of the
product/service, free booklets, or offer a frequent buyer reward
program, rewards for referrals, rebates, monthly payment plans,
etc. Be creative! Go beyond ordinary customer service.
For example, if I owned an independent bookstore and a huge
Barnes and Noble moved nearby, I would place coat racks inside
the front door to encourage lengthier and more comfortable
shopping; I would set up an art center where kids can create
their own books while mom and dad browse; I would offer storage
bins where customers can stow their packages so that their hands
are free to pick up books; I would print out and hang up reviews
of books from Amazon.com for customers to read to help them with
their selections. (They won't hurry home to buy from Amazon
because the postage and handling negates the discounted price.)
And, of course, I would offer refreshments, as my competitor
does.
3. Identify your USP, then send out
a unified message
Communicate exactly to the public what your unique selling
proposition is. Don't try to be all things to all people.
Identify your niche, collect data on that target audience, and
then market like crazy to them.
For example: If you own a clothing store, you can't expect to
advertise both "rock bottom prices" and
"exclusive designer merchandise." At first blush this
may seem like a strategy that would appeal to everyone, but it
will actually confuse customers and they won't show up. Due to
experience, they won't believe that they can get both advantages
in one store.
4. Develop a dynamite descriptor of
your company
Most people understand what big companies do because
expensive advertisements educate them. But small businesses do
not have that privilege, so I always recommend preparing a tag
line or descriptor, as well as a 30-second elevator
introduction. Both should explain who you are, what business
you're in, what clientele you serve, and what makes you
different from the competition.
For example: A cookie company near my house is called Uncle
Ralph's Cookies; yet, on their delivery vans and stationery,
they write "not yet famous" in a different color and
slightly above the name, so that it reads "Uncle Ralph's
not yet famous Cookies." This six-word tagline tells
consumers who they are, what business they're in, how they stand
in relation to their competition, what their intent is (to grow
and become famous), and it says they have a sense of humor.
5. Meet clients in neutral
locations
Your office may be too indicative of your size or status in
your industry. Besides, meeting on a client's turf gives them
the power, as well as the potential for interruptions.
For example: I like breakfast meetings best. I meet clients
in coffee houses or hotel breakfast restaurants. The prices are
more reasonable and there's never a waiting line. It's early so
no one is rushed yet; both parties are fresh, unfrazzled, and
able to concentrate.
6. Sell benefits, not features
Make it clear to customers how they will benefit from your
product or service so that they don't have to do the work of
thinking or figuring it out themselves.
For example: Don't say: "We offer a list of A, a
directory of B, and a group of C to choose from." This is
company-oriented and talks about features. Instead say,
"With A you will become thinner, with B you will get
richer, and with C your love life will improve ten-fold."
This is "you"-oriented and talks in benefits.
7. Create an Advisory Board
Choose people that you respect or who are respected in your
industry, or the town/region you serve. Not only can they give
you good advice and an objective opinion, but they can also
heighten your image too if you select them wisely.
For example: Print the names of advisory board members on
company literature. The immediate image is one of size, success
and stability. And the best part? An advisory board is not a
board of directors, so they have no legal or financial
responsibility. Therefore, they can do as little or as much as
YOU want them to. Your primary goal is to get their name
associated with you to lend you credibility. And remind them to
include their role as advisor on every piece of biographical
information that goes out about them.
8. Present yourself as
successful
Drive a nice car. Wear nice clothes. Carry nice accessories.
You want to appear hard working but with a good balance in life.
So, always have a vacation story ready to share. Also, call and
leave messages and fax only during traditional business hours;
if you were truly big and successful, you probably wouldn't be
faxing material to someone at 1 o'clock in the morning. And
finally, talk about your company in upbeat, positive ways that
put an image in your prospects' minds.
For example: You may not be able to describe yourself as
"experienced," but you might be able to say you are
"talented" or have "imagination" and those
two words deliver the same level of comfort that potential
customers are seeking.
You don't want to describe your company as new, so you might
say that it is "innovative" or
"revolutionary." In "Outsmarting Goliath,"
you'll find five pages just on the right words to choose from.
9. Know how to answer awkward
questions
It's easy to anticipate the awkward questions potential
clients may ask, so have your answers ready.
For example: "How long has your company been in
business?" When a client asks that, he's looking for
stability. So, if the answer is only a short time, then expound
on how much experience you gained in the field prior to
launching the business.
"How large is your company?" Here, the client is
looking for assurance that you can do the job. In other words,
even though his question suggests a request for a number, what
he's looking for is assurance more than he is a number. Give him
the assurance and you may not have to fess up on a number. Say,
"Large enough to handle this project with an excellent
staff and give you these results....." then bridge
immediately to how the client will benefit. This will give your
client the assurance he's actually seeking.
10. Use business cards
creatively
Hand them out everywhere. Tuck them in the envelope of every
bill you pay. When someone asks you for the name of a good
restaurant or directions to anywhere, write it on the back of
your card. Be creative with your cards!
For example: If you don't think that a company president in
your line of work should make sales calls, then print separate
business cards that announce you to be Director of Sales or Vice
President of Marketing. After all, you are those roles, too. But
a word of caution: think this process through completely. If at
any point you have to meet with clients as company president,
then your credibility may be tarnished later on.
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About the Author:
Debra Koontz Traverso
is the author of "Outsmarting Goliath: How to Achieve Equal
Footing with Companies that are Bigger, Richer, Older and Better
Known."
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