Drive Fresh Traffic for Your Business

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A new era in business is bringing fresh flavor to Kohl’s.

As traditional retailers struggle to keep their doors open, Kohl’s executives are trying something radically different: a grocery partnership with Aldi. In March of 2018, the department store announced it would team up with Aldi to offer grocery sales in 10 of its locations.

“The key priority we have as a company is to drive traffic,” Kevin Mansell, the chief executive of Kohl’s said in a Thursday earnings call. “We’re focused on traffic-driving retailers: Groceries, supermarket chains, they drive a lot of traffic. We’re finally on a path where we’re getting more [shoppers].”

In an age of online shopping, brick-and-mortar businesses have to hustle to make their company more relevant to consumers. Kohl’s has experimented with lighter inventory, smaller stores, and more streamlined partnerships with companies like Under Armour and Amazon. Other retail giants have focused on adding communal spaces, demonstration areas, and workshops to encourage shoppers to linger.

Feed Your Funnel with New Customers

Ultimately, every successful business has to draw new business and keep customers coming back.

In your niche, there are probably several complementary businesses that don’t compete directly with your product or service. Many of these companies have a base that could easily feed your sales funnel.

What are the mutually beneficial relationships you could build with other businesses?

While Aldi and Kohl’s may seem like an unlikely match, their differences balance each other in a unique way, allowing Kohl’s to gain additional foot traffic and offering Aldi to expand their market reach. For Aldi, renting space within Kohl’s stores is cheaper than building stand-alone stores, and the partnership creates exposure for the lesser known German grocery chain.

As you consider new partnerships, it’s also healthy to keep an eye on the competition, because an ideal way to grow your client base is to capture users who are already in need of services like yours! Examine the market tactics of businesses you compete with. What product are they offering? What are they doing that their customers like or dislike? How could you do it in a better, more personalized way?

Actively monitor what your competitors are doing in web design, service packages, or marketing techniques to feed your creativity or to counter punch with your own sales strategies. Looking to woo some of your competitor’s customers? Tools like Mention or Reddit can help you monitor customer sentiment. Online reviews of your competitors are also a great place to see how your rivals are succeeding or where you can do better.

Position Yourself as the Answer

Whether you’re wooing new customers or generating leads, it’s important to give potential clients a good reason to try your services.

Think about what makes your ideal customer happy, sad, scared, or excited, and position yourself to bring the answers they need. “Identify those places where they are likely to be found (media, online, offline, mail, etc.) and then create messages for them,” says Jeff Motter, CEO and chief marketing officer of Easy Bay Marketing Group. This may mean creating content via webinars or printed newsletters or physically networking through community events or industry conferences.

And don’t forget to close the loop.

After your efforts to bring in business, remember to intentionally follow up with calls, e-mails, or samples. Many prospects and great conversations fall by the wayside because you fail to execute after a lead shows interest. As real estate sales guru Michelle Moore says, “Not following up with your prospects is the same as filling your bathtub without first putting the stopper in the drain.”

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How to Keep Your Business Focused Through the Subtle Danger of Mission Drift

Business Goal setting and Planing Strategy concept.

Life is full of good opportunities.

Good books to read, good events to attend, good projects to pioneer. But good things can knock us off track in pursuing the very best.

What does “the best” look like in your leadership?

It means doing what you are uniquely called to do in the style that is distinct to your personality, position, and organizational DNA. Living “the best” in leadership means that your most important job isn’t to manage the budget, to develop new products, or even to lead your team.

Your most important task is to continually cast vision.

The subtle tension every leader will face is the reality of mission drift. Mission drift happens when we are pulled off of our message or our mission, whether intentionally or accidentally. This can be an irresistible force that results in loss of momentum or a crisis of identity, so strategic leaders build in measures to continually recalibrate. If you don’t prioritize vision casting, you may end up navigating a ship that’s going in an entirely different direction than you intended.

How can you build strategic safeguards to keep your organization focused? Here are a few steps.

One Key Leader

Begin by enlisting one board member or key staff person who is committed to alignment.

Be sure they buy into your team’s mission and charge them with safeguarding its integrity. When opportunities arise that may detract from the mission, it’s great to have someone speaking up (perhaps against the majority!) or analyzing decisions from a broader perspective.

A Focused Core Team

Do everything you can to focus your core team around the mission.

Set times to swap stories about where you recently saw the “mission win” and publicly acknowledge those who are keeping the main thing the main thing. Exit or discipline people who don’t, even if they perform well in other areas. If your core team is sold out to the mission, it will pay bigger dividends in the long run.

A Culture of Mission

Your mission should be more than a vague concept on your website, but a regular part of the professional experience.

Use stories and symbols to embed purpose in your culture so people encounter it daily:

  • Mount core values on the walls. Use them as a guide for decisions and a platform for sharing new initiatives.
  • Design strategic symbols (racetracks, funnels, etc.) to communicate process. 65 percent of people are visual learners, and concepts become memorable when they’re connected with an image.
  • Put a face on success by sharing testimonials (in person or through letters) from people who have been positively affected by the vision. Illustrations exemplify goals and make heroes of people who are living the mission.
  • Use slogans to cement conviction. Ritz-Carlton hotels use the motto, “We are Ladies and Gentlemen serving Ladies and Gentlemen” to exemplify the anticipatory service provided by all staff members. Simple slogans, shared repeatedly with conviction, can motivate people to do things they would normally never do.

Make Your Mission Specific and Measurable

When coaching your team, provide concrete actions that explain how you’ll achieve your vision.

Use results-oriented descriptions (like, “you’ll know you’ve done a good job when _____.”) Outline action steps to take and celebrate mile markers achieved. Enlist creative people who can help you celebrate daily victories.

Wandering is natural. If you don’t strategically refocus people around a singular vision, your organization will fail to thrive. Lean on these strategies and safeguard your team from the dangerous drift that every leader will face. Call us at 410-574-0780.

How to Use Silence to Strengthen Your Leadership Presence

Handsome confident young bearded man in a denim shirt shows a finger more quietly on a gray background.

Jack Reacher is a fictional character in a series of crime thriller novels by British author Lee Child.

In the 1997 novel Killing Floor, Reacher randomly exits a Greyhound bus in Georgia and is later arrested in a local diner for a murder he did not commit. While questioned in custody, Reacher wields the power of silence to maintain his personal advantage:

“Long experience had taught me that absolute silence is the best way. Say something, and it can be misheard. Misunderstood. Misinterpreted. It can get you convicted. It can get you killed. Silence upsets the arresting officer. He has to tell you silence is your right but he hates it if you exercise that right. I was being arrested for murder. But I said nothing.”

Communicate Authority with Silence

Silence holds immense power, especially in situations that involve negotiation.

As inventor and artist Leonardo da Vinci said, “Nothing strengthens authority so much as silence.” Dynamic leaders often use silence to their benefit. When handled with intention and purpose, silence is what some leaders call “a communication superpower.”

Do you tend to interrupt, dominate conversations, or explain your perspective from multiple angles in order to sway opinion? If silence is an overlooked resource in your communication toolkit, you might need to change strategies.

Silence can increase your authority and grow your influence in at least four powerful ways.

Silence Builds Trust

According to best-selling author Bryant H. McGill, “one of the most sincere forms of respect is actually listening to what another has to say.”

If you want to develop effective relationships, you must build trust. And trust begins with listening. Unfortunately, most people don’t listen with the intent to hear, they listen with the intent to reply. When people realize you are truly listening to them, they are much more likely to buy into your ideas.

Silence Can Emphasize Your Point

When you have something important to say, state it briefly and allow a long pause for your words to sink in.

Communication is more than the words we speak, it involves the energy we transmit. When you give room for a lengthy pause, you show people you aren’t scrambling to convince them. And as your words fully land with others, you don’t need to talk as much because silence creates room for people to understand and connect to what you are saying.

Silence Communicates Credibility

Have you ever sat through a meeting where several people squabbled while one person stayed silent?

Eventually, everyone felt tension and curiosity about what the quiet party was thinking. When a silent observer finally interjects an opinion, it speaks louder than the clamor and carries a more memorable quality. “She is so wise,” people think, because sometimes there is a credibility that can only be communicated through silence.

Also, it never hurts to take a lengthy period of time to think before commenting. Abraham Lincoln has been credited with this quote: “Better to remain silent and be thought a fool than to open one’s mouth and remove all doubt.”

Silence Increases Negotiating Power

A primary negotiation tactic involves asking a question and letting the other person answer first.

Silence when negotiating can give you the advantage because its “deafening” weight can prompt others to speak first. For example, when the other party offers a salary figure or point of compromise, don’t answer immediately. Instead, pause and let the discomfort of silence flush out a bit more detail. Maybe they will offer more or show their own hand.

Leaders know how to use silence as a tactic to communicate authority and influence. Experiment with silence during your conversations and observe the impact it can make. Call us at 410-574-0780.

7 Banner Options to Raise Your Bottom Line

Easter banners with ornate eggs

As a small business owner, you need ways to grab attention and look your best, and business signage is your foremost advertising tool.

For high-traffic areas custom printed vinyl banners are an excellent investment. In terms of cost, a vinyl banner is one of the most inexpensive, most high-impact marketing tools.

Vinyl banners are also versatile, great for large exteriors, point-of-sale kiosks, welcome centers, or interior displays.

Studies show that good signage directly boosts a business’ profits. Pole banners can add up to 15.6% to your bottom line and larger storefront signage may boost sales by up to 7.7%.

Banner Inspiration

Need some inspiration to get your creative juices flowing? Here are several types of banners that can give you a killer first impression.

Ceiling Banners

Get your customers looking up by taking advantage of your unused ceiling space!

Use ceiling banners for event signage, special events, product features, or welcome messages. Suspended banners or circular hanging signs are eye-catching, easy to install, and extremely impressive.

Personalized Retractable Banners

Great for special events or pop-up displays, roll-up retractable banners include accompanying stand and carrying case for mobility.

Economical retractable banners are sleek, lightweight, and easy to transport.

Seasonal Business Banners

A fresh look conveys momentum and energy.

Print seasonal business banners to spice up any seasonal promotion, window display, or an exterior signpost.

Feather Flags

Want to get the job done with a contemporary edge?

Feather or teardrop flags are especially effective when you have limited space or want to enhance your exterior advertising.

The average storefront sign is seen 50-60 times per month by anyone living within five miles of your location. This could be responsible for as much as 85% of your monthly walk-in sales!

For street and sidewalk advertising, festivals, trade shows, and more, feather flags or waving swooper flags will catch attention and make your message shine.

Text or Graphic Only Banners

Sometimes, the simplest designs are the most effective, especially when you want to send a straightforward message that can be understood at a glance.

Try monochromatic backgrounds, all caps letters, or sharp contrasts between the images and elements in your banner.

Welcome Banners

Whether it’s a grand opening, a sidewalk greeting, or a hallway banner, welcome banners are an appealing option to add a professional, hospitable touch.

Bright colors and branded designs are ideal for putting your best foot forward.

Sale Banners

When surveyed, 50% of in-store shoppers named “on-premise signage” as the reason for their visit or purchase.

People are always hunting for a deal, so shout it loud with banners that can’t be overlooked.

Want to stretch your budget? Print generic banners (think “20% Off,” “Free Shipping,” “Featured Item,” or “New Collection Clearance”) so you can use them repeatedly.

Banners can attract attention, create brand association, and set the tone for your business. Capitalize on this simple marketing tool and accelerate your sales today!

 

Increase Conversions with Great Closing Techniques

baseball player taking a swing with cloud background

The most expensive deal in baseball history was finalized this February in a casino.

The Phillies pursued outfielder Bryce Harper for months, introducing him to some of Philadelphia’s finest, sweet talking him in the high-backed gold leather booths of the ARIA resort in Las Vegas, and ultimately offering him the most expensive deal in baseball history ($330 million over 13 years).

At age 26, Harper signed the longest contract in baseball history. In a casino that radiates the fragrance of mid-century Hollywood, the showmanship of the atmosphere embodied the glamour of the agreement. It was an epic conversion.

Just Sign on the Dotted Line

Sale-closing conversations can be nerve-wracking and nuanced.

No matter how impressed people seem during your presentation, there’s no telling whether they will postpone or look elsewhere. After wooing your customer, it’s time to take the plunge and ask for a commitment.

Here are a few keys to make this step easier.

Identify the Decision Maker

To close a deal, be sure you’re actually talking to the person in the driver’s seat.

In some cases, supervisors send scouts in to assess the options, but they do not have decision-making authority. In this case, be sure to customize your pitch to the decision maker or do whatever you can to arrange a meeting or phone call with this individual.

Offer a Solution

Sales can seem pushy if they center around your product or package.

When working with a prospect, do your best to provide a holistic solution that meets their business needs. If a consulting relationship would be better than a particular product, consider how you can flex options or offer a better fit.

Solutions-focused conversations include re-stating customer concerns, asking clarifying questions, overcoming stated objections, or possibly returning later with more information.

Be genuine and assure clients that you care about their business (and not just the sale).

Attach a Deadline

No decision is, in itself, a decision.

It’s human nature to shy away from commitment, and your job is to help people overcome this inertia. Offer incentives to commit: a discount, a free add-on, or a trial subscription to start.

Incentives give your prospects a reason to make the decision NOW, giving them confidence that they have the upper hand in negotiation.

Ask for Next Steps

After any customer call or completed action item, ask your prospect how they would like to proceed.

If they are uncertain, make suggestions or ask pointed, closing questions.

Here are some options to get you started:

  • Why don’t you give us a try?
  • Ready to move forward?
  • Why don’t I send over the proposal now?
  • It seems like this is a good fit for your company. What do you think?
  • If we throw in ____, will you sign the contract today?
  • If we could find a way to deal with _____, would you sign the contract by ________?
  • You’re interested in X and Y options, right? If we get started today, you’ll be up and running by ___.
  • Unless you have any other questions, I think we’re ready to move forward!
  • When should we begin your _________?
  • What are your next steps?
  • Why don’t I leave you with ____ and follow up ______?

Being a courageous, tactful closer is one of the most important techniques you can master.

Use incentives, closing questions, and solutions-based options to move your prospects to action. Superior networking tools will only strengthen your ask, so visit with us today about printed pieces that can help you seal the deal!

3 Simple Resets to Squash Stress at Work

Businesswoman Relax from work. At the office

32-year-old Amy Alabaster had recently been named VP in her company as a successful New York sales executive.

She had friends, a wonderful marriage, and many professional accomplishments. But one day, the weight of her responsibilities came roaring in as she awoke on a bench outside a West Village restaurant.

Alabaster later learned that she had fainted on a flight of stairs and her blood pressure was so low EMTs could hardly move her. Though she considered herself happy and healthy, doctors uncovered her problem with one simple question: “Would you say that you deal with a lot of stress?” Amy said this unraveled the real issue:

“I had never been asked this question before. Like so many other companies, mine had downsized after the economic pitfalls of 2008 and I had absorbed many responsibilities after the layoffs. I thought incessantly about work. I talked about it all the time. I couldn’t turn off, ever. I checked emails and my blackberry constantly. I even dreamed about work, sometimes confusing what was real and what had manifested in my slumber. The last vacation I had taken was stressful because I was so uncomfortable with what could be happening without my oversight and control . . . My doctor said that almost every health-related issue could inevitably be drawn back to stress.”

How to Self-Regulate When Your Tank is Low

What about you?

Does your job cause low-grade stress that never quits? While many people enjoy their jobs, all of us can benefit from a daily internal inventory. When you are running on empty, medical experts offer several tips to self-regulate.

Reset Yourself Internally

Intermittently, close your eyes, lean back, and take three full, deep breaths.

When you feel stressed, force yourself to speak more slowly. This will clear your thoughts and allow you to act more reasonably in challenging situations. When you find something upsetting you, make a tangible choice to let it go. Refuse to show emotion and quickly unclench your teeth (or fists!) and move on. Effective anger management is a tried and true stress reducer!

Reset Yourself Physically

When we get busy, we forget ourselves.

Make it a priority to drink plenty of water, to move around, or to eat small snacks during the day. Take short walks outside or do a few jumping jacks or stairs. Continually adjust your posture to avoid muscle tension or a slumped emotional state. Try these exercises:

  • Shoulder Rolls. With arms hanging freely, breathe deeply and exaggerate rolling both shoulders forward then backward 10 times.
  • Chin Tucks: Place one hand on your chin and the other behind your head, gently pushing your chin toward your Adam’s apple for 10 seconds to relieve tension at the base of your skull.
  • Pectoralis Stretches: Clasp hands behind your back and lift up as you squeeze your shoulder blades together. Hold ten seconds and repeat three times. This is especially effective for those hunched over a keyboard.

Reward Yourself Regularly

Plan something enjoyable for the end of the day and build key relationships or hobbies into your routine.

Leave a few chores undone and care for yourself! This will refresh your body and sharpen your mind for creative solutions tomorrow. Alabaster says she now prioritizes eight hours of sleep each night, locks her phone in the safe during vacation, and she finds small ways to increase joy each week:

“Professional achievements still mean a lot to me. Success, however, is in the process of being re-defined. Prioritizing my well-being is the lesson I’ll be learning for the rest of my life. After all, what is success worth if we’re not fully present to enjoy it?”