Sound ADvice | The Genuine ScLoHo aka Scott Howard

Lure Them In

by Scott Howard | Feb 26, 2024 | Marketing and Advertising Insights, ScLoHo's Web World, Sound ADvice

The dictionary defines the word lure when used as a verb as, “tempt (a person or animal) to do something or to go somewhere, especially by offering some form of reward”.

Lure can be a negative word, but whether it’s fishing, hunting, selling, or advertising, setting the bait is key to alluring or attracting what you are trying to capture.

In advertising, we are attempting to attract and allure a specific audience.

Since the beginning of time, it’s been known that you only have one opportunity to make a good first impression and regardless of if it’s a fish, wild game, or humans, you don’t have very long to capture their attention. Equally, it doesn’t take much to scare them off.

Your advertising message faces the same challenge. What your ads say, how they sound, and how they are delivered in the first few seconds, dictates whether your potential prospects will tune in or tune out to your message, or continue to read the message.

Reporters and authors have long known that the headline and the first sentence are what dictate whether the reader tunes in and continues with the rest of the story, or tunes out. In an effort to develop the all-important “creative hook” at the top of your ads on websites, many headlines end up with more “creative” than “hook”.

In order to get the maximum effect out of your ads, we recommend you carefully consider the first few seconds of every ad, blog, text, email, or post that you create.

Here’s a bonus tip. Often, you will find that the best line of any ad or letter, or the best words/sentence, is in the middle. When you find it, move it to the first line, or use it as the headline.

To read the 8 power openings you can use to capture more attention for your marketing efforts, click here.

3 Ways To Grow Your Business

by Scott Howard | Feb 19, 2024 | Marketing and Advertising Insights, Sound ADvice

Last week subscribers to my SoundADvice email newsletter learned we the advantages of knowing your competitors and finding ways or areas where you can exploit your competitors’ weaknesses and find areas where you can grow your business.

As owners or managers of a business, it’s our responsibility to not only figure out how to keep our business functioning properly and effectively but also how to GROW our business. Staying even or going backward are not options. Growth is vital!

Growing a business is not nearly as easy as it may appear and it’s certainly more complicated than just increasing sales. Understanding that there are only three ways to grow a business is a great place to start.

Regardless of what type of business you have, there are only three ways to grow. They are…

Sell more of what you are currently selling.
Sell what you are currently selling for more money.
Add additional product(s) or service(s) to what you are currently selling.

Regardless of how you slice it, nearly everything you can come up with to grow a business will fall under one of these three headings.

We suggest that you look at each area and identify within your business how you might increase your sales.

Selling more this year than you did last year isn’t as easy as it sounds and simply opening up your doors and hanging a “We’re Open” sign isn’t the answer. What can you do to get the same people, or new people, to buy more of your products or services?
Can you increase prices? If not on every product or service, can you increase the pricing on some of them? Which ones? Identify them!
Adding products or services gets tricky. Think within your business category and then think outside of it. Are there products or services that you can add that won’t distract from or replace your current offerings?

Attracting a customer and getting them to open their wallets can be a difficult and costly process. But once they’re in your showroom and have their wallets open, an accompanying up-sell is relatively easy. Once the customer has chosen a new outfit, getting them to consider adding a pair of shoes or belt is relatively easy and it can be a big step towards growing your business.

The formula works regardless of whether your business is retail, service, medical, or professional.

If you would like to see a simple worksheet that can help you start the process of utilizing the three ways to grow your business, click here.

Also if you want to start receiving these Sound ADvice emails free every week in your inbox, let me know.

Your Customers ALWAYS Have A Choice

by Scott Howard | Feb 5, 2024 | Marketing and Advertising Insights, Sound ADvice, The Not-So-Secret Writings of ScLoHo

Only fools believe their business has no competition.

There are multiple ways to think about who your competition is, however, I’m going to define it in the simplest terms for businesses and that is customer money.

If I have a need and you could supply that need for a price, but I choose to satisfy that need by spending my money with someone else, that someone else is your competition.

This weeks Sound ADvice newsletter talks about competition and I’ll share that with you in a second but first I want to broaden your idea of competition.

Today, I ate breakfast.

I had the choice of eating something I already spent money on and was in my kitchen…

Or I could leave my house and spend money somewhere else.

Often, business owners only look at their direct competition. Today I spent a couple of bucks for a breakfast burrito and a diet Mt. Dew. Yesterday I spent 6 times that for a breakfast sandwich and white mocha from my favorite coffee shop. Tomorrow, I’ll have a bowl of cereal.

See, sometimes the competition isn’t direct, but an alternative, however they all are ways that involve my money and my desire for breakfast.

Now let’s look at the SoundADvice I’m sending out in my weekly newsletter this week. (and if you want a free copy emailed to you every week, just let me know).

Have you ever heard someone say, “We don’t worry about our competitors, we just focus on what we do”?

Sure you have! It sounds nice, but the truth is that most successful business owners have a very keen eye on their competitors and know as much about them as possible. If not, there is no way to know which cards you can or should play or when to play them.

More than likely you know “who” your competitors are, but “how much” do you know about them? It’s not so much about knowing them so you can be like them, but, the more you know them, the more you can make sure you differentiate your business from theirs.

Motivational and self-help speaker Jim Rohn was known for his witty one-liners. One of his best was directed at people and businesses and it encouraged them to be different.

“Walk away from the 97%. Don’t talk like they talk,
don’t act like they act,
don’t go where they go, don’t do what they do,
don’t specialize in what they specialize in”.

In other words, Jim is saying, be yourself, make your own mark. Make sure you and your business are clearly different than your competitors.

Why is it so important to know your competitors?

In any given market, large, medium, or small, there is only so much business. Capturing your fair share and growing your share is the path to success. Only when you know what their strengths and weaknesses are can we know how you can best position your business to compete with them and grow your share of the market.

When we are armed with this knowledge, we can communicate our true value to consumers, adapt our brand and communications strategy accordingly, and win market share.

“If you know thy enemy and know thyself,
you need not fear the result of a thousand battles”.
– Sun Tzu

Identifying what differentiates your brand, product, or service from other players in the industry is only one of the benefits of analyzing your competitors. It’s crucial to increasing sales with your current customers, building customer loyalty, and attracting new customers. It will also help you identify the following:

Understanding industry standards so that you can meet and exceed them.
Discovering untapped niche markets.
Fulfilling customers’ desires and solving their problems better than competitors.
Distinguishing your brand.
Standing out in your marketing.

In today’s multifaceted world, competitions come in many forms. Direct competitors are easy to identify. Indirect competitors are sometimes harder to uncover and can come from anywhere. Grocery stores had no idea they would be competing against Amazon. Tire stores and hearing centers didn’t imagine they would be competing with Costco and Sam’s.

While the process of evaluating and knowing your competition can be taxing, the benefits of knowing can open an array of opportunities for your business.

If you would like to see nine ways to help you understand your competition, click here.

The ROI Problem

by Scott Howard | Jan 8, 2024 | Marketing and Advertising Insights, Sound ADvice, The Not-So-Secret Writings of ScLoHo

I’m going to start off the new year with a story.

In 2023 I was invited to be a guest speaker at Trine University and ended up presenting information to a class in October and was invited back to be on the judges panel for the students final project. The students had been divided into 4 groups and each group was a make believe advertising agency. The judges were to evaluate each group including asking questions as if we were the company that was looking to hire one of these four ad agencies.

Students were given certain guidelines and requirements and along with the judges, Professor Snider was going to be grading their final project.

When it came time for me to ask the students a question, I asked the first three groups to explain the Return On Investment that I (as the business owner) would receive on their plan. This was kind of a trick question. Each of those groups promised a dollar amount in sales volume. But here’s why that was a trick question and why I didn’t ask that question to the 4th group.

The last group’s presentation started off with a keen understanding of the big picture goal and while they gave us specifics of how they were going to spend the money, they also created and shared a bigger picture plan that didn’t need to be justified in short term sales revenue.

The problem with justifying most advertising and marketing expenditures is that it’s simple impossible to accurately track even digital ads.

Readers of my Sound ADvice newsletter got a perspective recently on ROI that went like this:

In normal day life, the meaning of “cause vs effect” is fairly simple. It’s the relationship between two things when one thing makes something else happen. For example, if we eat too much and do not exercise, we gain weight. Eating too much without exercise is the “cause”, and weight gain is the “effect”.

When it comes to advertising, it isn’t quite as simple, or is it?

The quest to measure advertising’s ROI (Return on Investment) and what was and wasn’t successful has been going on ever since the late 1800s when department store magnate John Wanamaker said, “I know half of the money I spend on advertising is wasted; the trouble is, I don’t know which half.”

Over the years, businesses have put coupons in their newspaper ads, Yellow Pages and magazines have issued separate “traceable” phone numbers, and some misguided radio and TV stations have run ads that said, “Say you heard it here”, to prove the advertiser was getting a return on investment.

In the late 1990s, it was the dot com kids in Silicon Valley who made millions capitalizing on marketers’ thirst for measurable advertising results, promising measurable click-throughs and responses.

But online marketing expert, Ari Rosenberg, wisely says that online media taking credit for consumers’ actions is “like taking credit for the sale of coffee because you work the cash register at Starbucks.”

Human action is always preceded by a complex chain of influences that take place over time, long before action is actually taken. Before any action or purchase, our minds travel from unawareness of a product to awareness, from awareness to interest, from interest to liking, from liking to preference, and on to finally actually taking action.

The dangerous and underestimated irony in this process is that the closer we get to measurable action or response, the less opportunity marketers have to influence or change that action.

Marketing and business consultants agree, “Once the consumer has clicked on the Ford truck website or has their checkbook out to buy the Ford truck, it is difficult to persuade them that the Chevy might be a better truck.”

Our problem is that consumers don’t really know why they do the things they do, so the last point of contact, a Google search for a product or service, or a search for a specific business website, receives credit for the purchase decision. Again, it’s like giving the person at Starbucks’ cash register credit for the coffee sale.

There is an old saying, “The game never changes, only the names of the players.”

The marketing game really has not changed since Wanamaker’s famous quote, only the names of the media available to advertisers have changed. But it is a chain of players and platforms during the game that results in a goal. And the player that scores that goal could not have done it without the other players on the team.

If you would like to discuss how to build a marketing chain that covers the entire decision-making process from pre-awareness to measurable results, contact me.

Send me an email to start getting your weekly copy of my Sound ADvice newsletter. My email is Scott@WOWO.com

Business Lessons from “A Christmas Story”

by Scott Howard | Dec 25, 2023 | Marketing and Advertising Insights, Sound ADvice

With Christmas and New Years days falling on Monday’s this season, I am going to take a couple weeks off from the podcast and even publishing next week Both will be updated with fresh material on January 8, 2024.

In the meantime, I am sharing the content from last weeks Sound ADvice newsletter that you can get free from me by sending me an email to Scott@WOWO.com

Have a very Merry, Blessed and Happy Christmas and Holiday season!

I wanted to take this opportunity to say thank you to the thousands of business owners and managers all across the United States who read SoundADvice each week.

My hope and our goals are that you find the articles worthwhile and that they help provide some thought-provoking ideas on how you can run your business more smoothly and more efficiently.

As we did last year, again this year in the spirit of Christmas we will lighten the topic, while still hopefully providing some valuable business and marketing lessons.

As a reminder, last year we wrote about The Leadership Secrets of Santa Claus. Santa is a great leader, and his leadership lessons not only work in the North Pole but will work in any business as well.

While researching for this year’s Christmas edition of SoundADvice, I stumbled upon a newsletter published by Forbes in December 2014. The lessons are from one of the all-time great Christmas movies, “The Christmas Story”. If you recall, this beloved holiday movie follows the exploits of Ralphie Parker who spends most of his time dodging his nemesis and bully Scut Farkus. In the movie, Ralphie’s only wish for his Christmas gift is a “Red Ryder Air Rifle”. The movie takes you through the trials and tribulations of his quest for the perfect gift.

The business lessons that can be taken from the movie, while somewhat simple, can also be impactful.

Lesson #2 – Don’t Bow to Pressure. Competitors, colleagues, and economic pressures find ways of triple-dog daring businesspeople into making poor decisions. Lowering standards to compete or ride out an economic rough patch, for example, can sometimes seem like the only option. But it rarely is the right one.

To see all Five Business Lessons Learned from “A Christmas Story”, click here.

In the end, Ralphie gets his Red Ryder Air Rifle and learns many valuable lessons along the way.

As we wrap up 2023, we hope that SoundADvice has and will continue to provide you with valuable lessons so that you too can reach your goals.

From all of us here, we wish you a Very Merry Christmas and a Happy, Healthy, and Successful 2024.

Are You Open to Ideas

by Scott Howard | Dec 18, 2023 | Marketing and Advertising Insights, Sound ADvice

How was your year?

Are you excited about next year?

As a business owner, or manager or even someone without a title, every once in awhile we should stop and plan for the future. Problem is many people do it alone, or with limited input.

Last week subscribers of my Sound ADvice weekly newsletter got some advice that I’m sharing today including a link for more tips. If you would like to receive this newsletter free of charge, send me an email to Scott@WOWO.com and simply ask for the newsletter. It arrives every Wednesday morning except for holiday weeks.

Here’s the Sound ADvice for planning your new year:

Before you owned or were managing a business, you may have been on the other side as an employee, and you probably had a lot of ideas on how you could improve your employers’ businesses.

There’s an old saying, “None of us is as smart as all of us”, or, “Both of us are smarter than one of us.”

Guess what, like you, your staff just may have some ideas on how to improve your business. They’re in the trenches facing customer complaints and questions every day and oftentimes may have thoughts on how and what it would take to create happier customers.

There are several ways you can benefit from inviting more staff input on how to grow your business:

1.) Odds are some of your staff are from a younger generation than you and may be better at coming up with ideas that appeal to their generation.

2.) People whose opinions are solicited and respected are likely to respond positively and be better employees.

3.) When you act upon a suggestion made by your employees, they have a moral obligation to see that initiative through to success.

As the new year is approaching, now is a wonderful time to set in motion ways to improve your business in 2024. Start by including your trusted employees in a brainstorming session.

If you want to make 2024 better than 2023, click here to read some helpful tips on how to set up, implement, and execute a successful brainstorming session.