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  • Digg it UP - Small Business Marketing Strategy - A Blink Lesson #5

    External Audit Jobs in Public Service - Careers in Audit
    The demand for those to fill external audit jobs continues to stay high as companies try to comply with SOX. One of the best places to be looking for external audit jobs these days is in public service.In fact, the government is hiring in all areas of finance, including internal and external audit jobs, risk management jobs, account management jobs, all the way down to payroll officers and ledger clerks. These days, the go
    cian named Kenna, a person music experts agree should be a smash, but can't get Top 40 airtime on radio because market research can't capture the same information the experts see in a Blink.

    Why? Because as Gladwell points out, the “…first impressions of experts are different …more esoteric and complex.” (p. 179). Kenna's music is different and hard to put a spe

    Change Management Issues in Franchising Companies
    Change management issues in franchising companies can be critical and crucial. Consider if you will the district manager or regional representative who helps franchisees and makes sure they are in fact all holding up the confidential operations manual and guidelines of the franchising company.You can imagine how important this is because the franchisor’s brand is riding on the quality and consistency of each and every outl
    This is Article five of six in a series of lessons for small business marketers from Malcolm Gladwell’s Blink.

    Wow, what a great chapter for marketers Chapter Five in Blink is. This quote on p. 160 outlines the thoughts a great marketer (Louis Cheskin) had on packaging: “Cheskin was convinced that when people give an assessment of something they might buy in a supermarket or a department store, without realizing it, they transfer sensations or impressions that they have about the packaging of the product to the product itself. To put it another way, Cheskin believed that most of us don't make a distinction--on an unconscious level--between the package and the product. The product is the package and the product combined.”

    A key concept in this chapter is that experts are often more reliable at identifying what will work--or won't--in the marketplace than market research based on consumer surveys. For small business marketers, then, this chapter is a must-read. You know full-well you rarely have the money for consumer surveys.

    Gladwell explores the New Coke debacle and the incompleteness of the market research that led up to it. Although this is a well-known marketing mistake, Gladwell supplies his typical journalistic behind-the-scenes story, and clues us in on why the marketing information that Coke marketers used to base their decision on was flawed to begin with.

    Even more fascinating is his exploration of the musician named Kenna, a person music experts agree should be a smash, but can't get Top 40 airtime on radio because market research can't capture the same information the experts see in a Blink.

    Why? Because as Gladwell points out, the “…first impressions of experts are different …more esoteric and complex.” (p. 179). Kenna's music is different and hard to put a spec

    The 10 Most Deadly Mistakes Business Partners Make - And How to Avoid Them
    One of the best ways an entrepreneur can find the investment money he or she needs to grow their business is by finding a strategic or joint venture partner. In a good partnership, each partner will bring expertise or assets that the other party is missing, but that are necessary for the business to be successful; for instance: CASH!If done correctly, a partnership can be great a way to grow your company without implement
    might buy in a supermarket or a department store, without realizing it, they transfer sensations or impressions that they have about the packaging of the product to the product itself. To put it another way, Cheskin believed that most of us don't make a distinction--on an unconscious level--between the package and the product. The product is the package and the product combined.”

    A key concept in this chapter is that experts are often more reliable at identifying what will work--or won't--in the marketplace than market research based on consumer surveys. For small business marketers, then, this chapter is a must-read. You know full-well you rarely have the money for consumer surveys.

    Gladwell explores the New Coke debacle and the incompleteness of the market research that led up to it. Although this is a well-known marketing mistake, Gladwell supplies his typical journalistic behind-the-scenes story, and clues us in on why the marketing information that Coke marketers used to base their decision on was flawed to begin with.

    Even more fascinating is his exploration of the musician named Kenna, a person music experts agree should be a smash, but can't get Top 40 airtime on radio because market research can't capture the same information the experts see in a Blink.

    Why? Because as Gladwell points out, the “…first impressions of experts are different …more esoteric and complex.” (p. 179). Kenna's music is different and hard to put a spe

    Charismatic Communication - Discovering and Building a Mutual Space with Your Audience - Part One
    Charismatic communication demands a transaction between speaker and listeners, and, as with most forms of fair-trading, customer satisfaction is predicated on exchanging things of equal value. For example, in exchange for a piece of electronic equipment at your local electrical store, you hand over its alleged value in dollars. In effect, the salesman buys your money with the piece of equipment.Similar dynamics apply when
    t combined.”

    A key concept in this chapter is that experts are often more reliable at identifying what will work--or won't--in the marketplace than market research based on consumer surveys. For small business marketers, then, this chapter is a must-read. You know full-well you rarely have the money for consumer surveys.

    Gladwell explores the New Coke debacle and the incompleteness of the market research that led up to it. Although this is a well-known marketing mistake, Gladwell supplies his typical journalistic behind-the-scenes story, and clues us in on why the marketing information that Coke marketers used to base their decision on was flawed to begin with.

    Even more fascinating is his exploration of the musician named Kenna, a person music experts agree should be a smash, but can't get Top 40 airtime on radio because market research can't capture the same information the experts see in a Blink.

    Why? Because as Gladwell points out, the “…first impressions of experts are different …more esoteric and complex.” (p. 179). Kenna's music is different and hard to put a spe

    Separating Yourself from the Crowd (Part One of Two)
    Warren Buffet says that insurance is a commodity and price is the main factor in the market place. It seems that nowadays, lowest price wins, regardless of the other factors. More and more people are turning to direct writers because they believe that 15 minutes and a catchy commercial with a dancing lizard can save them some money. Forget the relationship, forget being able to actually see your insurance agent and forget you if
    cle and the incompleteness of the market research that led up to it. Although this is a well-known marketing mistake, Gladwell supplies his typical journalistic behind-the-scenes story, and clues us in on why the marketing information that Coke marketers used to base their decision on was flawed to begin with.

    Even more fascinating is his exploration of the musician named Kenna, a person music experts agree should be a smash, but can't get Top 40 airtime on radio because market research can't capture the same information the experts see in a Blink.

    Why? Because as Gladwell points out, the “…first impressions of experts are different …more esoteric and complex.” (p. 179). Kenna's music is different and hard to put a spe

    Improve Your Sales Closing Ratio
    Occasionally EGOPOWER readers send me questions or topic suggestions that I feel would be of interest to you. In this issue I give some tips to improve your sales closing ratio in response to a question Rob Smith wrote me from the UK: "I sell IT equipment to schools in the UK over the phone. I seem to always hold a massive prospect list that's constantly changing but I'm struggling to get my deals closed. Th
    cian named Kenna, a person music experts agree should be a smash, but can't get Top 40 airtime on radio because market research can't capture the same information the experts see in a Blink.

    Why? Because as Gladwell points out, the “…first impressions of experts are different …more esoteric and complex.” (p. 179). Kenna's music is different and hard to put a specific label on, so the music market research can't adequately measure him.

    Gladwell also relates the story of the Aeron chair--a new product with a completely innovative look that even experts said would fail. But with this chair, which looked so different, people didn't know how they themselves felt about it; Gladwell says consumers “misinterpreted their own feelings” (p. 173). Market research indicated the chair would fail, but it didn't, because it was a great product.

    What's this chapter mean for the small business owner? Two lessons.

    For one, we need to understand the limits of market research. This method is not fool-proof nor will it guarantee market success or prevent market failure.

    Second, the small business owner should learn to recognize in just what areas she is expert and in what subjects she is not. In areas where you know you are an expert--where your years of experience have taught you well and you can now realize something in a blink about your industry or your industry as it relates to your customers-well on those topics it's a safe bet that you really are an expert.

    However, a key pitfall is to then think you are expert in all areas of your business. You aren't, and even your customers aren't. They are super-savvy purchasers, but they, too, are not always aware of why they do what they do…so, where possible, study what they do, and then find out ways to alter that behavior in your favor.

    Remember: Bran

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