Profitable
Promotions Using IRS
Dear
Associate,
It's
happened again...
Another
business owner facing hurdles on her recent promotions. You
know the ones I'm referring to. The ones where you send out
your marketing message to a targeted universe and the response
is rather flat.
My
latest colleague is an international trainer, consultant and
business strategist. She teaches about the importance of creating
new markets instead of competing for the same ones. This concept
isn't new to the business arena. What's new is the way the
movement's founders have transformed this concept into a brand
name. Sort of like what The Secret did for The Law of Attraction.
So
why are her promotions flat?
I
can't tell you yet because I haven't seen them. But I'm sure
I've got a clue.
You
see, she's promoting the brand. Everything from her business
cards, website and marketing materials promotes that brand.
I mean everything. There's not a single benefit in sight.
Why
isn't this working?
Because
a brand is only good for those who recognize it. Brand name
affiliation doesn't work for those who don't identify with
it. Here's an example...
Let's
say some guy wears a t-shirt with Team China Basketball on
the front. It would mean very little to me because I don't
have any clue about that team. I don't identify with that
brand like I'd identify with Team USA.
Can
you now see why my colleague is having a tough time creating
new markets for herself when that's exactly what she teaches
her clients to do? Her targeted prospects probably do not
recognize that brand. If that's the case, her response rates
will remain flat.
What
can she do?
I'm
going to turn this over to Bill Bonner, a publicist who began
with a travel newsletter back in the 70's that blossomed into
a $300 million publishing empire. All without having a brand
name to boot.
How's
that?
Bill
used the fundamentals of good marketing: If you buy this...
you'll get this, that and the other. This is the kind of marketing
process that gets sales and acquires new customers. He even
gave this process an acronym of his own: I.R.S.
Let's
take a closer look at this process for profitable promotions:
1)
First you'll have to "Interrupt" your targeted audience
with an idea that's big enough to love, but also one they
haven't heard before.
(People
think and operate in patterns. If you don't interrupt their
thinking, you won't get their attention. And if you don't
grab their attention, they'll be content without your product
or service.)
2)
Next you'll "Reveal" what you're talking about,
how it emotionally connects with your audience, and why it's
valid and important.
("Hey
mister, you need this," is what you're communicating.
But you're also explaining why he needs this. And also what
he'll get after he buys it.)
3)
And finally you'll "Sell," forging the connection
between your big idea message and the product or service you're
offering.
(Selling
is the reason why you're in business. Because you're solving
a problem or satisfying a desire. You're making an improvement
in the life of another.)
"We're
in the disruption business," Bill likes to remind his
marketers, product managers and copywriters. Of course, you
realize this IRS approach is different than branding. My colleague
above could use a little disruption.
In
a sense, aren't all successful companies in the business of
disruption? Complacency is the death knell to sustained success.
If you're in agreementthen whom will you disrupt today?
Warm
regards,
Want
to include this article in your newsletter? You can if you
include this blurb:
Tommy Yan helps business owners and entrepreneurs make more
money through direct response marketing. He publishes Tommy's
Tease weekly e-zine to inspire people to succeed in business
and personal growth. Get your free subscription today at www.TommyYan.com. |