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Here is my first attempt
at this blogging thing, where I will offer ramblings that the rest of the world can read. I will also pull
articles from competent experts in various fields, they will be acknowledged at the end of their articles. Drawing
from experience, family, friends and customer problems & solutions, we can look at the world together. Hopefully you will find it interesting, informative, sometimes humorous
and at times brutally honest. Feedback is always appreciated.
Thanks for reading, -rex
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Saturday, February 28, 2009
My Personal Bailout Plan
Let's be clear here, I'm not actually receiving
a pile of cash from uncle sam. If I were you, I'd be happy to hear that, because hey, uncle sam is you, and you're
already funding several other bailouts. Even if you like my article, I bet you're not willing to pay me a million bucks
for it.
Do I actually need a bailout? Sure. Everyone needs a bailout. Everyone needs
medicine, everyone needs therapy, everyone needs to be told what to do and how to do it and everyone needs a bailout. You
can't expect me to make all the right decisions all the time, can you? And if I happen to make a little mistake or ten
that would put me in the hole, you don't really expect me to bear the brunt of my own decisions... do you? Are you some
kind of crazy Republican?
You feelin my drama here? I was a little heavy on the sarcasm,
but the snarky tone behind it was pretty real to me. At least a few days ago. Yesterday, it changed.
Typically, I run with the elephants. Not always and not a party-line thing, but more often than not, at least
in principle if not execution. My circle is mostly elephants. I get most of my news from my circle. Somehow the news finds
them more often than it finds me (must be working more) and so my news comes pre-flavored. Like many, I run with like-minded
beasts and typically the flavor suits me and I roll the same way. Once in a while though I find myself upside down-supporting
a point I am not sufficiently educated on with someone from the other tribe who's challenging my Republican-ness, or more
likely not my actual Republican-ness but some point of view that's associated with Elephant thinking, like a topical manifestation
of my politics. I know that sounds like a rash.
That just happened yesterday, and
in fact it did feel a bit like a rash. Something I'd considered part of me became uncomfortable when exposed to the light
and I found myself compelled to be rid of it. My circle of friends and family had been bitching about the Detroit bailout,
the UAW, and all things assocaited with the automaker bailout. People who are normally conservative, in the literal sense,
were outspoken and in a bitter way. I was somewhat part of that and had voiced my displeasure at the thought of my taxes and
future taxes being committed for me to bail out businesses that were, I thought, suffering the consequences of their own bad
decisions. Detroit has a rap of being behind the curve in quality, safety, and economy. I used to be in the auto marketing
business, and it was considered common knowledge that the Japanese started doing things really well in the 70s and, learning
at every opportunity, really started eating our lunch and never stopped. This was largely the fuel of the argument.
Interestingly, the fuel of the argument was based on a trend. That trend, though unchecked for a long time,
has more recently evaporated. The inertia it had built lives on with gusto and most people don't know that the truth has
changed. What! How can that be?
Yesterday I emailed a friend in Michigan and brought
up the topic of the bailout. I mentioned that my elephants were seething about it. My friend responded quickly that Michigan
was seething about the bank bailout and in a very circumspect manner pointed out the details of how Detroit automakers had,
in fact, glosed the gaps. Quality? better than the Japanese in many examples, on par in many others. Safety? Same thing. Emissions?
Doing just as well, thank you and in economy, doing BETTER than the Japanese for comparable vehicles. I'm a data junkie.
When I say I was in the auto marketing business, I was in the auto quality measurement business for a well known market research
firm. My friend had provided proper citations and I felt no compulsion to challenge them because I know my friend and I'd
put my own money on him being right. It's all out there. The part where I ate crow in regard to the Detroit Bailout Bill
was in completely missing the inter-related nature of the banking and automaker bailouts.
Automakers all over, Domestic, Asian and European, are tanking in sales, which I attributed to the economy. I was aware
that the Japanese builders, Toyota in particular, lost money for the first time since 1937, but I really didn't connect
the causality of the relationship (at least partial) between the banking issue (not the issues of the general economy, but
the lasting tightening of the lending market) and the automaker's financial issues. I knew people couldn't get loans
and weren't buying cars, but I mistakenly thought it was a Domestic problem.
I
also realized that the Detroit Bailout Bill inherited all the bad mojo from the banking bill. It seemed to come and go with
less attention and iterations than the automaker bailout plan. The first one stirs things up and the second one gets double
heat. The clencher for me personally was a personal discovery. After I realized that it's not about quality, safety, emissions
or economy of the vehicles from Detroit, and after I realized the very direct causal nature of the banking problem to auto
sales and after I realized the one-two effect, the last ingredient that had stirred me to anger was national pride. This ties
back to the misunderstanding about the vehicles themselves, but the pride component was what gave me my venom - I felt that
I had been let down by American manufacturing and that we were all paying for it. Almost like being embattled in a war out
of negligence - that was my emotion.
So here it is - I'm sorry. I think I probably
made a mistake in my simplistic judgement. I'll get my facts straight and think about it some more.
I have friends who have lost their homes, some who are getting really creative with trying to make a buck and
some are just living scared. Some public services that rely on state or federal funding are lacking too, and some of these
groups are getting creative also. I recently came across a group in Palm Springs that is raffling off a house to earn money
to provide services to challenged citizens in the area. They provide job training and other self-sufficiency training and
services, and raffle sales help pay for it. To me, that's the epitome of the American way, getting creative and helping
people out, good old-fashioned neighborly support and American resolve. And no, it's not a house that someone foreclosed
on, it's a brand new house and the builder is part of the project.
So, how did
I get a bailout? I got schooled a bit for making conclusions without all the details. My friend helped me get my focus back
on my own work and on helping those around me. I think that's better than a bailout.
Dan
Patrick provides vocational training, job placement and employment, independent living support and more to citizens with challenges.
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11:44 am cst
Wednesday, February 25, 2009
The Power of Belief and Expectation
While you may not always get what you want, you will always get what you expect! Surprisingly,
the power of belief and expectation work just as effectively on your feelings of self-doubt and limitation as they do on your
thoughts of success and achievement. Think thoughts of defeat or failure and you are bound to be discouraged. Belief is an
incredibly powerful state of mind. Your belief system not only defines and shapes who you are, but it also determines your
potential. Henry Ford was correct when he said, "Whether you think you can or think you can't - you are right."
Your belief system, like your computer, doesn't judge what you input; it simply accepts it as the truth. Earl Nightingale,
cofounder of the Nightingale-Conant Corporation, concluded that life's strangest secret is that you become what you think
about all day long. If you want to know where your predominant thoughts lie and what you believe, look at what you are experiencing
in your life. Your thoughts are creative by nature and express themselves through your emotions, which in turn, drive your
actions. Everything you say, both positive and negative, is literally an affirmation. "Watch
your thoughts, for they become words. Choose your words, for they become actions. Understand your actions, for they become
habits. Study your habits, for they will become your character. Develop your character, for it becomes your destiny."
- Anonymous
Many years ago, I heard about an eager, new insurance agent who
had just received his license and was looking for prospects. He met with a successful businessman who had agreed to provide
him with referrals. As the businessman handed the insurance agent ten referrals, he asked him to contact the prospects immediately
and get back to him with the results. Two weeks later, the enthusiastic salesman dropped by the businessman's office to
give him feedback and ask for more referrals. The insurance agent was pleased to announce that he had been very successful!
He proudly stated that he had already contacted and sold insurance policies to seven of the referrals and was still attempting
to contact the other three. After thanking the businessman for giving him the ten prospects, he asked him if he had thought
of any other referrals. The businessman smiled and said that he was very busy at the moment and surprised the insurance agent
by handing him a phonebook. The businessman informed him that the previous ten prospects were not his personal contacts, but
rather names that he had selected at random out of the phonebook. He suggested that the salesman go ahead and get the next
ten prospects out of the phonebook himself!
The astute businessman taught the new
salesman an extremely valuable lesson in the power of belief and expectation. The salesman had made those sales on the belief
that he had been given ten preferred prospects. Therefore, he was confident and eager to contact those leads and expected
to make the sales with little or no difficulty. What is your belief about your market and what expectations do you have for
your success? Yes, belief is indeed a very powerful state of mind!
John Boe presents a wide variety
of motivational and sales-oriented keynotes and seminar programs for sales meetings and conventions. John is a nationally
recognized sales trainer and business motivational speaker with an impeccable track record in the meeting industry.
7:40 am cst
Monday, February 23, 2009
Use Humor As A Winning Business Tool
If you're not laughing your way through your workday, you aren't alone. Laughing in the office has
evaporated faster than Liquid Paper on a typo.
Humor, fun and laughter belong
in Corporate America. In fact, your sense of humor can be used as a serious business tool to advance your career. It
can be used effectively to put clients at ease, close a sale and write memos that people actually read.
Laughter is also a great de-stressor. Studies have shown when people are having fun at work, they
enjoy their jobs more, stay at them longer, and do a better job. This lowers the attrition rate for a company and improves
the bottom line.
Let's face it, we all want to work with, work for and even date people
who can make us laugh. So why do we abandon our sense of humor as soon as we back the car out of the garage?
Consider the following five tips to maintain a lighthearted attitude, build your network, and achieve your professional goals:
Joke About Yourself Take your work and responsibilities
seriously, but not yourself. People like people who are willing to poke fun at themselves. A little self-deprecating
humor can go a long way, so admit and joke about your defects rather than trying to cover them up. Use Humor In The Stressful Situations When Bob, a sales person
presented his report to a prospective client, the client said, "After seeing this report, I can tell that you are a complete
idiot." Bob kept his humor and rather than getting defensive he said, "You're so smart! You figured
out I was an idiot in five minutes. It usually takes people three months to figure that out about me!" Bob
kept his humor, and kept his client. Structure Fun
At least once a day, lighten up the by doing something unexpected. Humor and joking aren't reserved for the
brazen. Southwest Airlines proves a little risk is worth the pay off. And guess what? Southwest has the most productive
workforce, lowest attrition and absenteeism rate in the industry, not to mention a reputation for highly creative and innovative
management. Diffuse Conflict With Humor
Being defensive creates tension, lowers your status and it leads to bad business decisions. Putting a positive spin on
negative comments is a comedy technique that works well. Negative and toxic people are all around us. Sometimes they
are our bosses and sometimes they're working in the next cubicle. Whatever the situation, don't leave your humor in
the hallway. Sometimes in tense negotiations, a strategically placed joke, a can shift power to your side.
Keep Yourself In The Comedy Zone Don't
wait for life to get better to get a sense of humor. It's not what happens that determines your happiness; it's how
you chose to look at it. When things happen remember: You have a choice -- so don't get mad, get funny.
Source: Judy Carter is a motivational humorist and author of The Comedy Bible
and The Anti-Self Help Bible: Finding Happiness when you're Fat, Broke and Surrounded
by Idiots. She has appeared on Oprah, Good Morning America and CNN.
7:48 am cst
Thursday, February 12, 2009
Small Business Loan: Banks Aren't the Only Ones With Money.
Small business loans are sought after by many small companies for a variety of reasons,
but many do not know which type of financing they need, or where to start. There are many reasons why a company would want
a small business loan, including: - Working capital
- Purchasing
real estate
- Renovating, or construction on, an existing building
- Purchasing
inventory
- Taking advantage of business opportunities
- Purchasing
equipment or furniture
When most business owners think of business loans, they immediately
look to commercial banks to meet their business financing needs. There is nothing wrong with this since banks do provide some
of best and least expensive types of financing to small businesses. The only problem is that many do not realize how difficult
it is to get approved for a bank loan or line of credit. Small business bank loans have much more strict approval criteria
than other forms of business financing. Expect to be able to show good revenue, great personal/business credit scores, significant
time in business, assets to secure the loan amount (in some cases), and the most important part is convincing the banker they
can trust you with their money. Some call this the 5 C's: - Character
- Capacity
- Capital
- Collateral
- Conditions
If your business is in less than ideal condition and cannot qualify for bank financing, but still needs a small business
loan, where else can you go? Luckily there are countless forms of alternative small business loan sources to consider.
Some of the more popular options
Micro Loan Generally loans of 35K and under for new or start-up businesses. The SBA provides funds to community
non-profit lenders who then make loans to eligible borrowers. Each individual lender has its own requirements. You will have
a better chance of getting financed if the micro-lender is in your area.
SBA Loan Contrary to popular belief,
SBA loans are not given by the SBA. These loans are actually funded by standard commercial banks, but are guaranteed by the
SBA. That means that if a bank makes a business loan that defaults, a percentage of its losses will be covered by the government
(SBA). This decreases the risk of lending money for the banks and, in turn, loosens the approval criteria for the loan.
Factoring If a business is in need of working capital, but has a lot of its cash flow tied up in accounts receivable,
then receivable factoring may be the way to go. Accounts receivable factoring involves selling off a portion of receivables
at a discount for immediate cash. A factoring company will purchase your receivables with an advance payment of between 70
- 90% of the total value.
Equipment Lease Instead of using a significant amount of a company's
working capital to purchase equipment outright, leasing the equipment can be much more effective for newer businesses with
limited resources. An equipment lease is when a lender purchases the equipment and then rents it to the business for a flat
rate for a specified period of time. In many cases the business will be able to purchase the equipment at the end of the lease
for fair market value, or a previously agreed upon amount.
Merchant Advance Technically, a merchant
cash advance is not a loan, but rather a cash advance based on future credit card sales. Also called a credit card receipt
advance, a merchant advance is when a lender advances a sum of money that is automatically repaid through a small percentage
of each successive credit card sale. An amount 1-2 times the average monthly credit card revenue of a company can usually
be expected.
There are many more types of financing available. These are just some
common alternative forms of small business loans. Before you apply for a small business loan, educate yourself on the details
of the loan and how it compares to alternatives. The more informed a business owner is the better.
About the Author: Jarrett Pflieger holds a BA
in Entrepreneurship and is a featured writer for BusinessFinance.com. Jarrett specializes in helping small businesses establish
business credit and obtain business financing.
5:47 pm cst
Friday, February 6, 2009
7 Hot Promotional Case Studies
Taking It to
the Streets By Kenneth Hein Here are seven hot case
studies showing how brands have used promotional products to get up close and personal with consumers.
| If you were visiting Chicago last summer and you thought you saw a giant owl, don’t blame the beers you had at Wrigley
Field during the Cubs game. You likely saw Ollie, the TripAdvisor mascot. The owl and a TripAdvisor street team targeted tourists
in five major U.S. cities between July 20 and August 19 with the goal of raising awareness about its Web site.
To make sure tourists didn’t forget what they saw (or think that they were hallucinating), the brand gave out
a suitcase full of promotional products, including luggage tags, T-shirts, hats and bags. “The goal was to have tourists
and locals wear or use TripAdvisor-branded merchandise and be walking billboards for the brand,” says Sarah Welch, senior
director, brand and customer marketing for TripAdvisor, Atlanta. It worked. In the era of media
fragmentation (meaning people just don’t watch as many TV commercials as they used to), marketers are looking more and
more to one-to-one marketing tactics. As a result, street teams are getting a longer look from brands large (Verizon) and
small (Shoshanna’s Matches dating service). Street teams are a recent marketing phenomenon:
the practice of having a small army of brand ambassadors blanket a city or event. That generally entails people in a consistent
uniform and brand message and often involves a giveaway such as logoed merchandise, postcards or a free product sample. “Integrating a consumer-facing team to establish a face-to-face relationship between your brand and target
consumers can be a quantifiable lead-generation tool,” says Robb Hecht, an integrated brand marketing communications
strategist based in New York. “Typically, street teams employ incentives in order for passersby to interact with them.
The goal is to place your brand collateral into the hands of targeted consumers directly, with the hope of developing an intimate
and immediate relationship.” In terms of the TripAdvisor effort, targeted visitors and locals
also received 31,250 city maps customized for each market. The maps offered activities for visitors to do and places to see,
as prioritized by the wealth of user-generated content on TripAdvisor.com, thus giving recipients an introduction to the brand. "Integrating a consumer-facing team to establish a face-to-face relationship between your brand and target consumers
can be a quantifiable lead-generation tool." – Robb Hecht, integrated brand marketing
communications strategist “The tour helped us drive brand awareness with logoed merchandise,
[it introduced] Ollie to the world and promoted our new TripAdvisor traveler network via a sweepstakes,” says Welch.
The sweepstakes dangled a trip a year for 10 years if consumers created a traveler network on TripAdvisor.
“None of this is surprising or particularly new. What is new is that it is growing fast and being used
more by more marketers,” says Michal Ann Strahilevitz, Ph.D., Nagel T. Miner Research Chaired Professor, Golden Gate
University Marketing Department, in San Francisco. “It’s more a growth story than a new tactic. It is definitely
gaining more momentum.”
With that in mind, here are seven other examples of
what brands are doing to promote themselves using street teams, and why it works for them:
1. Random acts of kindness by Downtown Cincinnati Inc.
The holidays weren’t about
giving, they were about receiving for those strolling through downtown Cincinnati. Workers and visitors alike were greeted
by Santa-hat-wearing street teams who handed out 2,000 presents. The program was created by Downtown Cincinnati Inc., an organization
in charge of promoting the region, and the gifts were donated by local businesses. The haul included items like tickets to
museums as well as logoed insulated coffee mugs from local architecture firm FHRC and hats from the NFL’s Bengals. “We gift-wrapped the items, and the street team, wearing Santa hats and carrying Santa bags, walked through
various areas of downtown to wish people a happy holiday,” says Jack Reau of Game Day Communications, in Cincinnati.
“They also encouraged people to celebrate the holiday’s downtown. It was very well-received.” Street teams are gaining in popularity because people “can touch and feel the product in a safe environment,
such as an event, on their own terms,” says Reau. “We aren’t pushy, we’re enthusiastic and outgoing,
and work to attract people to our booths and sampling efforts.”
2. AutoTrader.com L.A. Auto Show domination
AutoTrader.com has a lot of things.
For example, the number-one online automotive marketplace in the country has more than 13 million unique visitors monthly.
It also has more than 3 million cars listed for sale. What it doesn’t have is a full-time show staff to attend the 50-plus
auto shows that happen yearly. Instead, AutoTrader.com regularly hires and trains street teams to give the firm a memorable
presence.
Auto shows are especially important for the brand, “because we don’t
have stores,” says Christina Moore, sponsorship manager for AutoTrader.com, Atlanta. “We don’t often have
the opportunity to get in front of our consumer and engage them. Most of the times they’re sitting in their pajamas
looking at cars online.” Its street teams “put a face to our brand,” she says.
At the L.A. Auto Show in November, there were 10 staff members on hand to cover 12-hour shifts during the 10-day
show. Before the event, they went through “a rigorous three-hour process to make sure they bleed AutoTrader.com-orange,”
Moore says. This included understanding the brand message and what AutoTrader.com wanted to accomplish at the show.
Decked out in logoed green, purple and, of course, orange uniforms, the team members handed out more than
10,000 car-shaped stress balls and 5,000 USB bracelets. They also gave out scads of game pieces that drove people to the site
for a chance to win $25,000 toward the purchase of a car. The teams also invited attendees to the booth to take part in a
game show. The winner of a quick round of the Scene-It DVD game received a $50 logoed debit card.
3. Shoshanna’s Matches says have a mint
Shoshanna Rikon, owner of the Jewish singles
dating service Shoshanna’s Matches, knows a good fit when she sees one. For her, it was a street team, 2,500 heart-shaped
mint boxes and the Israel Day Parade in New York City last May. In addition to having a float, which carried a couple that
met and were married as a result of the service, Rikon hired 20 people to hand out the plastic boxes that carried the shoshannasmatches.com
Web address as well as the slogan, “Our only real competition is mom.”
“It’s
another way of giving out a business card, but it’s a gift too,” she says. “It’s like subliminal advertising.
They can keep it and think, ‘Maybe I should use it or give it to a niece, nephew, sister or brother.’”
4. Oxygen Plus finds the essential element to reach moms
There are lots of different kinds of moms in this world. When Oxygen Plus wanted to target them with its street team,
it divided them into four different groups: overachievers, supermoms, athletes and partiers. For example, partiers were found
at nightclubs, while overachievers were found taking finals at the University of Minnesota, as well as at malls, children’s
stores and community centers.
“We needed to reach very targeted markets in hopes
of driving traffic to Oxygenplus.com,” says Phil Mero of Vincia Marketing Group in Excelsior, MN. “There was an
immediate and substantial lift in new user visits as a result of our street team programming. Residually, sales leads were
generated from our activity in the field as well.”
Each group received 2,000
items: athletes received wristbands, supermoms received make-up bags, partiers got glow sticks and overachievers were given
day planners.
“By really understanding your target market, you’re showing
them that you get them, ensuring a deeper emotional connection,” says Mero. “That’s what we’re trying
to deliver, strong lasting impressions that net enduring emotional connections.”
5. New Era uses street teams to get a head (or two)
New Era, maker of baseball
caps and other athletic wear, recruits “Fit Team” members to live and breathe the brand. In both the United States
and the United Kingdom, the teams were originally recruited to support the launch of its flagship stores, but because of their
usefulness, the brand found many other places to utilize them, like at concerts and during street events. Recently, the team supported an in-store photo shoot in conjunction with an “Are You a Part of The New Era”
marketing campaign. Teams handed out information about the event and even went a bit further to drive people into the store;
they showed off their break dancing, freestyle basketball and skateboarding skills outside the Foot Locker locations in London,
Manchester, Berlin, Munich and Paris while the event was going on. Of course, they also handed out logoed measuring tapes
for consumers interested in buying a new cap.
6. Say hello to my little
friend … premiums
When Vivendi Universal launched the Scarface video game, it
realized it had one potential problem. It was targeting a demographic (18- to 24-year-olds) that wasn’t born when the
movie came out (1983). To combat this, the Cashmere Agency identified 100 on-air radio personalities, hip-hop artists, online
media editors and other tastemakers and trendsetters who each received Premium Scarface Packages. “Our street teams
ensured delivery of Scarface packages to these individuals,” says Rona Mercado, vice president of marketing for the
Cashmere Agency in Inglewood, CA. Each package contained a Scarface-branded humidor, advance copy of the game and the Scarface
movie on DVD.
This resulted in on-air radio mentions, mentions on social networking
platforms and e-mail newsletter blasts.
7. Verizon dials up free breakfast
Verizon wants people to know its FiOS fiber optic service is the fastest way to surf the Web. The problem is, many
people don’t know what FiOS is or that they can even receive the cutting-edge service. To educate apartment dwellers
in New York, once their apartment building is wired, Verizon delegates street teams to hand out “breakfasts on the go.”
This includes Verizon FiOS-branded breakfast bags with juice and muffins.
Additionally,
Verizon sends out teams to assist with information sessions that take place in the early evening for residents to learn about
Verizon FiOS and the service that has come into their building. “We typically distribute anywhere from 25 to 350 items
on event days,” says Laurie Kessler, sales manager for Ambient Planet New York, which creates the efforts for Verizon.
Branded items include a large variety of premiums, such as pens, keychains, water bottles, lunch bags, pizza cutters, measuring
tapes, chip clips, mini flashlights and mousepads.
“Street teams offer a dynamic and personalized
connection between the brand and the consumers,” says Kessler. “Brand Ambassadors literally bring the brand to
life.” |
11:13 am cst
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