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Money, time, or magic?

Posted by: Michael Reynolds, President/CEO on Monday, April 12, 2010 at 12:12:01 am

I talk to a lot of business owners who are looking for ways to grow their businesses. It seems that everybody wants to be more successful and is eager for advice on how to do it.

However, I’m surprised at how many of these business owners are looking for magic.

Magic can come in many forms. How about a Facebook fan page? That will bring lots of new customers, right? How about showing up at the occasional networking meeting and exchanging a few business cards? This will lead to lots of great prospects, right? Maybe launching a great new website will do the trick… people will come buy things, right?

I personally don’t put much faith in magic. I prefer to invest either money or time.

When people do one small thing (usually something trendy and related to technology) and expect it to grow their businesses overnight with minimal effort, they are investing in magic. A beautiful new website is a great investment, but it takes time and/or money to make it effective and bring traffic to it. Social media may be a good fit for your business but it typically takes an investment of time to make it really effective.

Some examples of investing money to grow your business:

  • Paying a qualified SEO firm to run a search marketing campaign for you
  • Hiring a ghost blogger to write quality content that grows your tribe and SEO visibility
  • Paying a star employee to run your marketing
  • Paying a qualified website design firm to create a website that encourages conversions and sales

Some examples of investing time include:

  • Scheduling time to consistently post optimized blogs to your website
  • Maintaining a regular, strategic presence on social media with specific goals in mind
  • Investing time into your network by consistently giving quality referrals to others
  • Writing educational articles for your email newsletter and sticking to a schedule

It takes either money or time to grow your business. Sometimes it takes both. Those who are looking for magic may end up disappointed.

Where are you making your investment?

Associations: Is it time to eliminate the newsletter?

Posted by: Michael Reynolds / President and CEO on Monday, March 29, 2010 at 10:12:07 pm

As we all know, paper is getting less relevant. Many associations are scrambling to “go green” with their newsletters in an effort to reduce costs and make use of electronic means of delivery. Kudos for this!

However, what most associations are doing is simply emailing out a PDF version of the newsletter they used to print. While this does save money and takes advantage of modern electronic tools, there is a problem with this approach: it assumes that members want to consume information the same way they always have.

We need to abandon our old thinking of just “going green” with our newsletters because all this does is keeps us clinging to the idea that our communication needs to come out on an infrequent, scheduled basis as one big chunk of content called a “newsletter”.

Ask anyone today if they read newspapers or newsletters anymore and chances are they will acknowledge that they don’t have the time or the interest in reading a large publication full of content that they have to filter and digest.

Today’s association members consume information differently. While they typically will not read a multi-page newsletter (paper or electronic), they will notice bite-sized chunks of communication that can be consumed in 2 minutes or less. Examples of communication like this include: articles posted to the association website, a single-article email, blogs, Facebook posts, Twitter posts, LinkedIn discussions, SMS, YouTube videos, RSS, and community comments. Today’s association websites must replace the newsletter by truly becoming information hubs that also encourage social commenting.

Associations must offer choices, as well. There are so many ways to consume information today that in order to reach as many people as possible, we need to create a system that includes many different tools and touch points.

In order to evolve, associations must acknowledge this shift in information consumption and abandon the old idea of the “newsletter”. It takes a new kind of communications strategy to reach members today.

Isn’t it time to eliminate the newsletter?

Don’t send me "e-news"

Posted by: Michael Reynolds / President and CEO on Friday, March 19, 2010 at 10:43:04 am

I see a lot of email newsletters. They vary in their degrees of design quality, content, and general appeal. However, over 90% of them (made-up statistic for CJ McClanahan) fall into the trap of being simply “e-news”. Some of the titles are even things like “March E-news”, “E-news from Company XYZ”, or “March Newsletter”.

These are boring subject lines but the content of the newsletter makes it even worse. These newsletter are typically packed full of little advertising boxes that shout at the reader or ramble on and on about things going on at the company, specials and promotions, and every other marketing message that can possibly be crammed into it. This results in information overload, a hard-sell vibe, and will probably result in a high number of unsubscribes.

Why? Because this type of newsletter has no value to its recipients.

Rather than take this approach, try slimming down and focusing your message. First, take out all the extra advertising fluff and shouting and design your newsletter to consist of one main content area that contains a single message. It’s ok to leave a couple of subtle ancillary boxes but the bulk of your newsletter layout should be centered around one article.

Next, make that article focused on the recipient. Don’t paste in your latest press release, monthly special, or ad campaign. Write an educational article that gives something of value to the reader. Teach your readers something new, give them new ideas, or give them a unique insight into something that will help them in their businesses. Make sure it is well-written. If your organization does not have someone who writes well, outsource the writing.

Finally, customize your subject line to reflect the content of the article. Instead of just “March E-news”, include the actual title of the article. When your readers are scanning their inboxes, a specific and descriptive subject line will stand out among all the other “e-news” messages in the list.

If your subject line is specific and descriptive, your readers are more likely to open it. If your message is simple and direct, your readers are more likely to pay attention to it. If your message is valuable, your readers are more likely to share it with others and stay on your mailing list. If you do this consistently, your readers are more likely to buy from you, donate to your non-profit, or recommend you to others.

Don’t fall into the “e-news” trap. Make your message simple, focused, and valuable to your readers.

Interested in Feedback? Keep Your Surveys Short.

Posted by: Michael Reynolds / President and CEO on Monday, March 15, 2010 at 12:00:00 am

As a member of a number of associations and networking groups, I receive a lot of surveys. It always amazes me how long and cumbersome most of these surveys are. Inevitably they will be multi-page monsters that require me to type things in and fill in blanks. 99% of the time these surveys end up falling prey to my delete key. Do the senders of these surveys really expect to get a reasonable response when the surveys are this long and complicated?

In order to maximize your response rate, use the following guidelines:

  1. Keep your surveys short. 5-7 questions should be the maximum.
  2. Make all questions one-click multiple choice. Do not ask your readers to fill in blanks or type in text unless it’s an options final questions for other comments.
  3. Keep your surveys one page.

Additionally, it’s a good idea to tell your readers that your survey will take 2 minutes or less to complete. This sets expectations and reduces the anxiety caused by all the other awful surveys they received.

If you really want a useful response from your recipients, keep your surveys short and to the point. This will result in data you can actually use.

Stop making excuses and start blogging

Posted by: Michael Reynolds / President and CEO on Thursday, March 11, 2010 at 6:26:07 pm

Blogging is hard. I get that. It’s not easy to consistently create new content and make the time to tweak and publish it. However, blogging is one of the best ways to build deeper relationships with your constituents and reach deeper into their networks as well.

Often when I talk about blogging with others, I hear all sorts of excuses:

  • I’m not a good writer
  • I don’t have time
  • I don’t like to write
  • I don’t know what to write about
  • I wouldn’t be able to keep up with it
  • No one would read what I wrote

The list goes on and on. However, like most difficult-but-worthwhile things, a process and a system can make it easier.

When I blog, I don’t usually just sit down and pick a topic out of thin air. Instead, I continuously capture ideas and keep them in a list. Often, blog ideas come from conversations I have, articles I read, or problems I’m solving. When this happens, I capture the idea either by placing it on my list of blog ideas or use Jott if I’m on the go. Then, when I do have some downtime or I’m in a creative mood, I can go to my list and pull out blog topics to write about. By separating the conceptualizing from the execution, I’ve made it much easier to produce content.

Blogging is a great marketing tool for your business because it strengthens your authority in the market. People want to do business with people they like and trust, and they can get to know you and trust you by reading your blog.

Don’t blog like a commercial. Blog with sincerity. Blog about things you know a lot about. Blog about your opinions about your profession. Blog about controversial topics. Blog to teach others something that will help them. Blog about your passions.

Schedule time to blog. Capture ideas throughout the week but maybe you block off an hour every Friday morning to choose a topic and write.

If you want to automate the writing part of it, hire a ghost blogger to take your ideas and turn them into polished articles. This will cost a little bit of money but will be well worth the investment.

Distribute your blogs on social networks. Respond to comments. Use your best blog articles in your email newsletter.

Blogging is a great way to cut through the noise of traditional marketing and give your constituents something of value. They will respect your transparency. They will learn to trust you. They will be much more likely to become your customer. Blogging builds relationships.

Capture your ideas and start blogging. No more excuses.

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    August 2, 2010 • 11:30 am - 1:30 pm

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    August 20, 2010 • 4:00 pm - 5:00 pm

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