Seth's Blog: Consistency in Marketing, Duh!

Seth  started a blog years ago and it culminated into a book called “The Purple Cow.”  He practices what he preaches.  It took years for the momentum to build but his book sold 250,000 copies and continues to sell to this day.  I estimated based on the cost of the book, there has been over $5,000,000 in revenue generated from sales.  He practices what he preaches: consistency earns trust and attention.

If you are are going into business for yourself, you must have short and long term goals. It’s the long term that sometimes gets overlooked in the marketing plan.  And it’s the first to get “cut” out of marketing budget when times get financially tough.  Take note and take charge of your marketing, today.   You have everything to lose if you don’t.

Here’s his thought of the day:

Breakthroughs and drips

There are only two ways to win in the market.

You can create a breakthrough. A promotion so powerful that people can’t help but engage. An innovation so remarkable, people can’t help but talk about it. A pricing strategy or ad campaign that breaks the mold and is worthy of attention. This takes huge guts and substantial investment.

Or you can win with consistent benefits, delivered over time. You win by incrementally earning share, attention and trust. This might take years.

Almost all marketing attempts to do neither of these, and of course, fail. Painless and quick are rarely associated with ‘successful.’

Seth's Blog: Debt, equity and a third thing that might work better

If your business needs money, it seems as though you have two choices:

  • Get a loan from a bank
  • Raise equity from an investor, giving up part of your company in exchange

Banks are everywhere, so the idea that they can loan us money seems obvious. And venture capitalists and the companies they fund are in the news all the time… and making a billion dollars sounds like fun.

Here’s the thing: for most businesses, most of the time, neither is a realistic option.

But that doesn’t mean you’re stuck. I’d like you to consider the idea of selling part of your income.

Read Seth’s ingenious idea!  It’s simply… simple.

 

Seth’s Blog: Debt, equity and a third thing that might work better

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It's not about being better…

… it’s about finding something that your competitor didn’t realize was important.     Seth Godin’s blog of the day is re-posted below.   So my question to you is– with all the competition out there these days, how are you doing and what are you doing to be different other than bigger or better?  I welcome your feedback.

Can’t Top This, by Seth Godin

Getting someone to switch is really difficult.

Getting someone to switch because you offer more of what they were looking for when they choose the one they have now is essentially impossible. For starters, they’re probably not looking for more. And beyond that, they’d need to admit that they were wrong for not choosing you in the first place.

So, you don’t get someone to switch because you’re cheaper than Walmart. You don’t get someone to switch because you serve bigger portions than the big-portion steakhouse down the street. You don’t get someone to switch because your hospital is more famous than the Mayo Clinic.

The chances that you can top a trusted provider on the very thing the provider is trusted for are slim indeed.

Instead, you gain converts by winning at something the existing provider didn’t think was so important.