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Obsessive Branding Disorder

OBD: Obsessive Branding Disorder – The Illusion of Business and The Business of Illusion (Perseus Books Group, 2008) by Lucas Conley takes us through a revealing, instructive and entertaining examination of branding’s dominance in the world of marketing and how it permeates our daily lives.

As the title suggests Conley argues that obsessive branding and it saturation into the field of marketing can generate negatives for businesses and society as a whole.  However, the author also points out the effectiveness of creative branding and how it can help companies rise above the noise of thousands of products that share seemingly similar traits and benefits.  In that way, this book is instructive to both consumers and to marketers.

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Good Marketing Assists Sales Initiatives

There is no substitute for talented and motivated representatives when it comes to success in generating sales for your business.  However, any owner or manager who has attempted to develop an effective sales staff knows that finding such individuals can be difficult and that retaining a successful team can be even tougher.

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Basic Messaging - Merely a Pitch?

The first question I ask new clients is “What do you do?”  It is a common question that any business owner or employee is apt to be asked in a variety of situations.  I want to know if a concise and clear response can be delivered with minimal hesitation because when it can be, it reflects a company that has a clear understanding of its basic message.

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Core Messaging Interview

Core Messaging - Why Should I Care?

David Sahd was recently a guest on Let's Talk Business New Mexico which is hosted by Pulakos CPAs on News Radio 770 KOB AM in Albuquerque, New Mexico.  David sat down with Brad Steward and discussed various examples of core messaging by companies in the state and across the nation.  They also reviewed components of effective messages and how they are structured.  Listen to the archived audio file here.

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Market Research Information – Right Under Your Nose PDF Print E-mail

Market research is an important part of developing a dynamic and responsive marketing plan.  Research can take forms including customer surveys, focus groups, demographic studies, comparative industry statistics, behavior observation of buyers, and other traditional as well as innovative information gathering techniques.

For many companies these types of advanced research methodologies may be too costly to employ because of the size of their businesses and/or limited marketing budgets.  The good news is that a wealth of information is likely right under their noses in the form of customer lists.  The bad news is that most companies possess this data source but never attempt to glean the important demographics that can be provided by their own customers.

B2B

This is especially true for companies that sell to other businesses (B2B).  By finding common characteristics it is possible to target potential prospects that look similar to existing customers.  Logic would dictate that it would be easier to convert those prospects into customers.
The most important demographic that can be learned about business customers are their lines of business which are often defined by the Standard Industrial Classification (SIC) or North American Industry Classification System (NAICS).  Either system will make it easier to aggregate industry codes and determine if concentrations of certain types of businesses exist within a customer list.

Common locations can also help determine characteristics that can be evaluated in terms of targeting potential prospects.  It may also be possible to determine business size if information about number of employees or annual sales is known.  At the least, some conclusions about customer business sizes can be reached based upon the size of their accounts.

These three key demographics can be combined to identify prospects that present the best opportunities for customer acquisitions.  However, while reviewing a customer list other common characteristics such as business structure, time in business or secondary lines of business may also offer valuable insights for developing prospect lists.

Some of the most valuable marketing information is available through data kept by all B2B businesses about their own customers and it can be utilized without costly research or analysis.

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