Category Small business

Wasabi 2

I love sushi.  My favorite place is Wasabi at the Normanview crossing.  The other day I wasn’t sure what time they closed so I decided to Google them.  I couldn’t find anything, not a phone number, address, nothing.  Now all I want is the basics; hours open, location, menu (with prices), God forbid a testimonial or two!  Go ahead, try find them on the internet.

I know they can get all this done with minimal to no work at all on their behalf for $1,000-$1,500.  So what’s stopping them? Probably the cost.  But if the average person spends a minimum $10 it would take 100 people who found their site online and convinced them to come thru the door to achieve the site’s break even point. What would you do?

They could take it one step further and have pictures of everything on the menu (their menu is HUGE) or have a Sushi tutorial, teach me about it, give me something more than I’d expect to find on their site. But first things first get a site.

The amazing thing about this Wasabi is that it has a beautiful interior and is the most inexpensive in town (unverified) but a bento box here is $9.99 and it’s delicious!  You can’t tell me more people wouldn’t go there knowing this and why not spread the word?  Start a Facebook group when you join you get 50% off your next visit, then at random once every month that same offer is sent out to all the group members. It might just work, but first they need a site.

Semantic Markers 3

Martin Lindstrom is a fascinating individual, he did a seven million dollar marketing study on the brain and wrote a book about it; Buy-ology: The Truth and Lies About Why We Buy. I encourage you to read it but what got me thinking was a recent podcast put on by Duct Tape Marketing’s John Jantsch.  Talking with Mr. Lindstrom, they simplified it down to semantic markers.  Lindstrom says, “Semantic markers are like a slap on the chin” in a negative or positive way.  Our subconscious makes most of the decisions for us so brands should be trying to create these subtle markers in our minds. Lindstrom goes on to say that small companies should be taking advantage of semantic markers to get a lot of value out of the marketing effort with very little effort.

So how do you create a semantic marker in someone’s mind?  By going to extreme’s and doing something completely unexpected but so memorable it is embedded in our minds.  Remember how good Burger Baron’s billboards were?  They were different and were actually funny that they stuck out in our minds, you’d chuckle to yourself when you thought of Burger Baron.

How about the Roughrider’s Watermelon heads?  Difficult not to talk about those.  It allowed Roughriders fans to show the league how dedicated they really were.  It was different and definitely not for everyone.

Just recently the apparel company 22 Fresh came out with a new outlet store on Facebook.

The only way you can buy anything in the store is if you have “Scrilla”, and you can buy Scrilla or earn it.

This store isn’t for the average person, then again, regular people don’t wear 22 Fresh, it’s cool, it’s new, and you have to have the Scrilla to afford it.

What’s different is memorable.

Lindstrom also discusses why we don’t see more of this ingenious advertising regularly and he attributes it to organizations being too conservative and trying to please the masses.  When you set out to tell everyone a message, no one hears.  Most of the advertising messages we see are targeted at a large number of people and the result isn’t surprising.  The more conservative, politically correct, respectful, polite the message is, the easier it is for us to ignore it.

So the next time you want to tell everyone about your product don’t, come up with a different message, a different medium, cross the line, offend someone, do something that has never been done in your industry, evoke emotion. Otherwise you are just making noise.

Profitable or Passionate? 0

This past week I had the pleasure of working with a friend I met in University.  He has since graduated from the film program at the U of R and now owns his own business called Living Sky Media.  Riley doesn’t charge an hourly rate for filming and editing video.  He can’t.  If he did, his clients would either;

a) Pay an absurd amount of money because he works on a project until it is perfect (or very near perfect) not worrying about time.

or

b) Pay a seemingly miniscule per hour rate to account for the extra time spent making the video great.

When you are passionate about your work time doesn’t matter.  For Riley, he’d rather put in the extra effort to make the video amazing whether he’s getting paid for it or not.

Most financial and business consultants would say this is a terrible business model because it does not amount to being profitable.  If Riley’s main goal was to be profitable he wouldn’t create such amazing video’s.  Now I’m not saying that being profitable is a bad goal to have but putting your passion before profit is something that many people do not do in business.  This isn’t his long term strategy, I bet he’ll do it long enough to show the world how good he is, then by means of demand, he will be forced to raise his price.

What’s your main goal, being profitable or being passionate?

Don’t Be Earl 0

Social media isn’t just about Facebook and Twitter, though they both have proven to be among some of the best tools to carry out your internet networking fantasies. Opportunities will pass you by if you are not monitoring what others are saying about you and your organization and engaging them in a conversation.  Communication on the internet is only increasing in speed, if you choose to ignore it, you may lose.

Could you imagine if the next time you took your car in for an oil change, they told you about their customer comments section on their website; where if you leave a comment about how the service was, you get 10% off your next oil change?  Would you leave a comment?  Would you read what others have said? Please let me know below

What if we could hold companies accountable when they provide an unsatisfactory product or service?  What if you could look up what others are saying about the restaurant you’re going to tonight?  What if you looked up a new hair salon and this came up: (click on the picture to make it larger, this is what actually came up in a Google search for this hair studio)

People are going to talk about your company whether you like it or not, it’s up to you to decide what you’re going to ignore or engage them.

JephMaystruck.com is powered by WordPress |
Sponsored by Fraser Strategy