Become A RAINMAKER!

Here is a FUN exercise that I have found successful in getting new business.

There are FOUR graduating steps that are part of every sale:

1. Get a lead, referral or introduction to a decision maker
2. Get an appointment with a decision maker
3. Complete a CNA with a decision maker
4. Get a comitment to a close or to an action that leads to a close (proposal/estimate)

Assign one point to Step 1, two to Step 2 and so on...

Work toward getting TWENTY POINTS a week in ANY combination.

 

On the top of your daily to-do list put GET 4 POINTS... don't wait until Friday to try and get 20.

 

If you tally 4 POINTS PER DAY you will never run out of prospects, your pipeline will always be full and you will become a RAINMAKER!

 

PHANTOM POWER
Marketing by Design
http://www.phantompower.co/  

Why Is It Important to Evaluate Your Competition?

As simple as it sounds, competition is the key to short-term success, while innovation is the key to long-term success.

To succeed in today's marketplace, you must differentiate from the status quo by offering products or services that are more innovative or competitive in terms of quality, image or price.

It is important to seek information about your competitors and use to innovate. By doing so you will be able to:

• Evaluate your own performance against others
• Identify and exploit competitors weaknesses
• Address competitor strengths
• Get new ideas
• Identify new prospects
• Improve sales forecasting
• Stay strategic

There are also other benefits, which are arguably more important, but difficult to measure.

Competitor intelligence helps you to:

• Reduce complacency and improve discipline within your own business
• Foster an acceptance of continuous change
• Respect that other suppliers have satisfied customers and reasons for it
• Create a recognition that the business must continually seek to improve

Here are some key questions you may want to begin with when analyzing your competition:

Who are your competitors? There’s a little more to this question than meets the eye. You may find that you compete with different suppliers in the different product/service areas or markets in which you operate.

What do they offer? Find out what makes up their entire product range or service portfolio. Of course you are more interested in the products and services that you compete with, but remember that they are making decisions about resource allocations to their entire portfolio.

What is their pricing policy? Customers will usually consider carefully the price of your products or services in relation to your competitors. It isn’t always good to have a lower price. For example, if your price is lower, is your quality or are your costs also lower? If the price of your products and services is higher than other suppliers, are you providing additional customer benefits? Do customers recognize and value these benefits?

Who are their customers? Consider the different types of customer groups that your competitors are supplying.

How do they promote themselves? How are they attracting new customers? How active is their marketing activity? What does their marketing mix consist of?

How financially secure are they? Company accounts can provide much useful information, and enable you to make direct comparisons.

What are their strengths and weaknesses? You have potentially collected a lot of information about your competitors. Listing their strengths and weaknesses is a good way to summarize this information in a meaningful and usable form. Perform a SWOT analysis on yourself and your competitors. See: How to Conduct a SWOT Analysis

What is their business strategy? If you understand your competitors, you will be able to predict what decision they are likely to make in a given set of circumstances. This insight is extremely valuable to you.

From all the information you have obtained, you can build a picture of the key characteristics of your main competitors that will enable you to make intelligent deductions about their overall business strategy. From their you can enhance your own offerings that are more innovative or competitive in terms of quality, image or price ultimately gaining marketshare.

PHANTOM POWER
Marketing by Design

www.phantompower.co  

Are You A Band Or Are You A Brand?Get Over Your Fear of Selling Out & Start Marketing

Like any other profitable endeavor, music is a business. And as a musician, it's important to understand the basics of musician marketing if you want to be successful in this highly competitive industry. Start by developing a branded image, one that immediately tells your fans who you are and what you do. The following lays out the details on how you can develop a branded image that will help you take your music to the next level.

Importance of a branded image

In business, a branded image is your logo, tagline, colors, fonts/typesets and other attributes that visually represent one's company. In music, the same is true: Every band should develop at least a band logo to instantly gain recognition and set a mood for your audience. The more your audience sees your branded image, the more likely you are to gain credibility and earn fans... paying fans.

A branded image establishes you as a legitimate musician and makes it easier for your fans - or "customers" - to identify with you, and it presents upsell opportunities such as apparel, hats and other merchandise. Without a branded image, all you have is a name. With a branded image, you have a unique style that sets you apart from all other musicians.

How to identify your branded image

To identify your branded image, think about what genre of music you represent. Consider your fans, their likes and dislikes, their passions, and what they respond to. Research competitors to see what how they represent themselves - your most successful competition can lend great insight, indeed. Identify how you are different from your competition.

Next, list the results of all your research: Write down everything you know about who you are in a few words and phrases. Now, consider your own passions - what unique aspects you bring to the music world - and jot those down as well. Put everything together and come up with a preliminary tagline to describe yourself as a musician.

Finally, take your musician definition and consider creative ways to represent that in a word or two. Synonyms and rhyming dictionaries, historical texts, and other resources might be extremely beneficial. Come up with three potential concepts and choose the best - the one that resonates with you - as the name for your band or as a tagline for yourself as a solo artist.

Branding through design

Skilled graphic design can transform your musician's branded identity from a written concept to a visual motivator. This image is what the world will see, and the public will perceive the ideals and emotions that your image expresses.

Your logo doesn't have to be complicated - a simple text style or a few shapes will do. Consider Metallica's first logo (with the lightning bolt "M" and "A") or the Stone Temple Pilots' "STP" logos - they're both simple brand images for exceedingly popular bands. Though simple, when you see these logos you instantly know who they represent, what style of music they play, and whether you're a fan. When you achieve this, you've developed a powerful musician brand identity.

PHANTOM POWER
Marketing by Design
www.phantompower.co