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    The Power of Omnipresence

    enApril 02, 2023
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    About this Episode

    In my business I like to use the content I create in articles, blog posts, white papers, podcasts and interviews to develop a position in marketing called omnipresence.

    Omnipresence means your prospects can't look in any direction bumping into you. Somebody is talking about you, somebody is showing them you, you are in the media they see you on socials. 

    The most effective thing you can do for yourself is to put yourself in the centre of the right group of people who you want talking to each other about you. This will lead to a mass of potential clients to “swim upstream” into your network and start paying you money.

    To evidence the power of this phenomenon, I outline my client acquisition data from the last full year of the consulting arm of my business.

    For the year I attained 76 new clients. 10 of them came to me directly from my marketing, two found me through my wife and eight others had worked with me over the years but are now in their own business or are fronting a new business and sought out my services. The “eye popper” a whopping 63% of last year’s new clients amounting to 45 businesses “swam upstream” via my network (of which I am in the centre of).  

    Eleven (11) came from purchasing a book. That too is a little deceptive, because most of them said they bought the book as the second thing after hearing about me somewhere in a newsletter they read, or someone mentioning me to them. They then went to Amazon and bought a book. 

    There are two things about these numbers that I think are extremely instructive. 

    One is that upstream is a significant strategy. 

    Meaning you should find ways to put yourself in a similar position. Whether it is builders feeding clients upstream to a Mortgage Broker or a fabulous restaurant finding ways to get other types of businesses with the right customers, feeding clients upstream to them. 

    Keep in mind, I specialise in advertising and marketing and yet 63% of my new clients came from someone else. What is more when I drill down into the 63%, there is no source that is really good by itself. One from here, one from there. two from here, three from there. It would have been nice just to have one or two sources that they all came from, but that is not the case. (In fact, it wouldn’t be nice because “one is the worst number” you can have in business – as I have already talked on about in multiple podcasts.

    In my world, I like to provide my referral network with great content and resources to use for their purposes. I trade on the fact that everybody is lazy when it comes to content creation and, they welcome good content that they do not have to create themselves. This provides a positive benefit for them. In doing this what I have essentially created is around a hundred influencers who expose me to their customers on a regular basis. 

    From this, the best customers swim upstream. 

    The smartest one’s swim upstream. 

    The biggest spenders swim upstream. 

    The most common comment I get is, I have heard about you here, heard about you there, so I decided to go to the source, and find you for myself. 

    The second thing to understand is that if you assume that the 45 new businesses are worth on average forty to eighty thousand dollars in annual value as customers, that is a pretty big number. Which all came to me from simply stitching together little numbers, which cumulatively became a solid number.

    This strategy takes work, this strategy is not for the faint hearted and at times this strategy requires you to get out of your comfort zone, but a considerable number of my clients that have adopted the same “swimming upstream” strategy conclusively swear by the results. 

    To find out more about my Fast Money for entrepreneur strategies please visit petergianoli.com/fast-money

     

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    (3) Interference by family and friends 15%

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    Why You Need A Point of Difference?

    If you Google the term marketing consultant, you will get 748,000 results pop up.

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    Back to my Accounting client.

    The second thing is it only matters that there's 385,000 other accountants of which 70% are Xero certified in Perth WA, if you are being seen, if you are showing yourself to, or presenting yourself to the same people as they are, at the same time as they are.

    If you play that game, it is somewhat like a Tinder profile.

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    In this fashion, it doesn't matter if there are 385 or 3,850, and it doesn't matter if they're all saying the same things. It doesn't even matter if you are saying the same things, as long as you're the only one saying it to them at the particular moment.

    So, this is about, picking target markets, getting people in them to raise their hands, step forward and, step into your web.

    Typically, I like to do this by having them request information to solve a vexing problem or to exploit an opportunity, and then I will slam the door behind their back, and I am the only one communicating with them, again and again and again over some period of time until they take action.

    When you have that type of system in place, it greatly diminishes the importance of needing a differentiated message.

    So in my feeder system that brings me a client, there's actually what I like to call nine points of entry or doors into it.

    Prospects come into my world knowing about me, or at the very least heard of me and how I do things.

    Preferably it is via a referral, or maybe it was through my newsletter, maybe through one of my books, maybe by hearing me at a seminar, or perhaps even by listening to this podcast.

    Generally, they have met me, encountered me, or at least read my stuff or heard my stuff or better yet heard from people who are my clients,

    Thus!

    I don't really need a big, differentiated message about me.

    I really don’t need to spend too much energy in explaining my background, my education, my credentials, or why I'm better than any other marketer. The importance of all that diminishes enormously because by the time they are talking to me about marketing for them.

    I'm the only one they are talking to, and they are not even thinking about shopping me and my price around.

    So there's two pieces to this puzzle. There's the message piece of what you say about yourself. How you position yourself in terms of beneficial outcomes, not tools in your toolkit.

    The second piece of this puzzle is how you feed potential clients into a closed room where you are the only one talking to them in your category.

    And when you combine those two things, you really have a lot of power in the marketplace.

     

     

    The Marketing 24-7 Podcast
    enNovember 11, 2023

    Why is scarcity powerful?

    Why is scarcity powerful?

    Why is scarcity powerful?

    The girls all get prettier at closing time.
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    College students rated their cafeteria food higher when they learned that it would not be available to them for two weeks; 
    And young lovers rated themselves as more in love with their sweethearts as long as their parents tried to keep them apart.


    Scarcity marketing is the idea of limiting the supply of a product, whether it be through restricting availability to a certain timeframe or decreasing production—oftentimes both.
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    We tend to associate limited availability with exclusivity. 
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    People don’t think about the fact that it’s a psychological reaction that’s causing us to want something. We know we want it. And because we need to make sense of this feeling, we assign the item positive qualities to justify our desire.
    In his book, Influence: The Psychology of Persuasion, Robert Cialdini argues that the idea of potential loss plays a role in how we make decisions.
    How often have you been more motivated by the prospect of losing something than gaining something of equal value?
    More than a few times, right?


    Take Black Friday as an example.
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    No one wants to feel left out, especially if a good deal is up for grabs. But there’s more to scarcity and FOMO than great deals.
    Now that you know why you should use scarcity, let’s take a look at...
    6 Scarcity Marketing to Try Today
    1.The Few-Items-Left Tactic
    2.The Limited-Introductory-Price Tactic
    3.The Limited-Bonuses Tactic
    4.The Order-Before-XX-Today Tactic
    5.The Limited-Products Tactic
    6.The Device-Limited-Sale Tactic
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    The Marketing 24-7 Podcast
    enNovember 04, 2023

    Are You an Arms or Legs person?

    Are You an Arms or Legs person?

    Sales are like legs day. Hard and brutal.

    Punishment! Yet, when you work out legs, you're also activating muscle fibres in the rest of your body, arms, shoulders and even back. Just the same fashion, when you work in sales, you're activating muscle fibres in your marketing skillset as well.

    So, the best advice you could ever give a business owner is to start doing some sales.

    The tension between marketing and sales

    In most struggling organisations, there is tension between the sales team and the marketers.

    Sales team complain that leads are lousy and insufficient. Marketing complain that sales want everything handed on a plate.

    Enter the entrepreneur to adjudicate.

    Time to get back into the gym.

    Before making a call, to side with marketing and or sales, at least "sharpen your saw".

    Do a small amount of selling, take a half day "ride along" with one of your sales team. It will fire up your other skills, like marketing. Learning to better understand your customers and knowing how to cut through with messaging will be forever helpful.

    With time, this will make you a better business person.

    The bizarre habit

    Why is it that so many people brag about legs day on social media? 

    Very amusing! 

    Yet, there is a million-dollar sales and marketing lesson embedded in the legs versus arms debate.

    A lot of people build their upper body and neglect their legs. Fact. Unfortunately, doing this sets them up to fail. Same for entrepreneurs who focus only on marketing and place no effort in sales!

    The Marketing 24-7 Podcast
    enOctober 28, 2023

    Time to get your hands dirty

    Time to get your hands dirty

    Look at business like a play or a music concert. 
    You create the show, hire the actors and the producer and the director, build the set, and perform three or four times in your hometown city. You’ve spent all this time and energy putting on an awesome performance. 
    What happens next? You take the show on the road.


    Podcast TranscriptLook at business like a play or a music concert. You create the show, hire the actors and the producer and the director, build the set, and perform three or four times in your hometown city. You’ve spent all this time and energy putting on an awesome performance. What happens next? You take the show on the road.


    Taking the show to different locations, you make more money because you keep tapping into new audiences.
    Online we call that “changing the channel.”


    The problem is that a lot of business owners get bored selling the
    same thing over and over. We want to create something new and sell that instead. It’s our entrepreneurial desire for creativity and variety. And we lose out on all this extra revenue because instead of spending energy on more selling, we turn our attention to new inventions.


    How can you change the channel and take your show on the road? If you’re heavily on Facebook and killing it, don’t start a new product. Move onto Instagram or Twitter or Pinterest or YouTube, or try direct mail or podcasts.
    Go to each new channel, bring your offer there, and continue to make money.

    The Marketing 24-7 Podcast
    enOctober 21, 2023

    How to KILL your productivity

    How to KILL your productivity

    If you wonder why everything made is defective, why everybody makes so many mistakes, why nobody can concentrate, why people seem stupid, and why productivity sucks, here is the very simple answer: according to recent research reported in Business Insider, the typical person checks their smart-phone at least 2,617 times a day. Also, 72% of people grab their phones immediately after waking up. 

    In a 16-hour day; hours awake, there are 960 minutes. That’s all. If the stop, check something on smart-phone, re-start other activity requires an average of only 10 seconds (which I doubt), then 436 of the 960 minutes are now consumed by the smart-phone. 46% of a person’s day. Nearly half. 

    The attention span of ferrets is falsely maligned. To ferret (verb) means to tenaciously search something out, named after the ferret, used in Europe to hunt rabbits, because of their ability to concentrate and pursue. The single-mindedness of the Willy Wagtails in my front yard is equally as fascinating. The ones readying for spring work diligently, systematically covering the entire area, unearthing nuts or twigs, etc., taking them to their under-construction nests. If there is a strange noise, they can freeze in place for many minutes, listening. If Willy Wagtails checked their smart-phones 2,617 times a day, they’d never breed, be extinct or be eaten. 

    American entrepreneur and author Jim Rohn said you can erase the mystery of the highly successful person by following them around all day, every day for a week. 

    You’ll say: wow, look at EVERYTHING they do. 

    My bet is you won’t catch many disrupting their days checking their smart-phones 2,617 times. Not part of everything they do. You really have to decide whose behaviour to adopt. If the goal is exceptional success, adopting behaviours of the typical person or typical company, is likely a bad idea. Let’s be blunt: the typical person in general, in your industry, in your circle of family, friends, neighbours is likely not a super achiever or winner. 

    On the flip side of Rohn’s observation is discernment. There’s a difference between “everything they do” and trying to do everything there is to do. 

    Let this message be a call to more discernment. 

    Who you listen to, read, associate with. What you try to do. Where and how you invest your resources all need to be carefully guarded. 

    One of my best clients came to a meeting with four pages on which to take notes, each with a heading denoting the nature of information he was looking for, relevant to the projects he was working on. He told me when he heard something that fit one of those four, he captured the ideas, contacts, etc. – anything he heard that didn’t fit one of the four, he ignored. 

    This is the same kind of discipline (few have ) that is required to actually make money.

     

    The Marketing 24-7 Podcast
    enOctober 14, 2023
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