Highlights from An Evening with Colin Robertson – part 1

If you weren’t at An Evening with Colin Robertson, then you missed out on a quality event.

2012′s Entrepreneur of the Year Colin Robertson was on top form, his talk both entertaining and educational.

In part 2 of this blog we’ll share highlights from the evening through the eyes of some of the members who attended, but for now you can listen to Colin talk about de-risking Alexander Dennis Ltd, growth in products, sales and profits, customer retention, moving out of comfort zones, and hitting £1bn t/o in the not too distant future.

Trust us, this is one video you really want to watch.

Learnings from the Conference – Ross Smith, Mindshelf

“A brand is a promise wrapped up in an experience”

Ross Smith of Mindshelf shared some brand strategy gems during his presentation, and in this short video blog he summarises some of the key points and talks about the importance of brand as part of a company’s growth strategy.

Social Networking for Business – Advice from the Experts

“There’s no organisation, whether commercial, political or public, that can’t or shouldn’t use social media. If you’re not using social media in five years, you won’t get any new business”.

A bold statement from Gordon White to open his presentation, but it certainly grabbed attention.

Gordon, founder of FatBuzz, was speaking at the recent Social Networking for Business event where he shared top tips and case study examples to illustrate his point.

He explained that people use SM to check out others before they meet them, so they actually feel they know you even though they haven’t met you yet. That’s the power of SM.

Ultimately, if you’re not visible online, you’ll be excluded or could lose out on new business.

According to Gordon, the old way of marketing, advertising and PR is slowly going out of fashion. Merely paying for more advertising to get more exposure is no longer the way. It’s now all about investment in content and earning your space online.

Whether you are operating in a B2C or a B2B space, SM applies equally. Use it effectively to find people who want to do business with you and tailor your marketing to them.

Social media is ruled by content. Gordon warned that in future, advertising will be the price you pay for NOT building your relevant community online.

So how do you get started? Simply by asking ‘why’ and ‘what’ you want to achieve, then developing a strategy. You need to work out right at the start whether you’re trying to increase awareness, generate more sales, or drive more traffic to your website.

Said Gordon, doing it because everyone else is doing it, is not a good reason.

And he blew one of the biggest myths about SM right out of the water;
SM isn’t free – you need to invest a lot of time upfront in developing content and then keep delivering all the time. .

The biggest barrier to effectiveness of SM is that some companies block it in the workplace, believing it affects employee productivity. But Gordon disagrees, he believes all employees could become marketeers or ambassadors for your business, the responsibility for marketing no longer falls on just one person or one department.

And since SM is available on mobile phones anyway, is there really any point in blocking company network systems? Gordon suggests you look on SM as the new ‘tea break‘ – time to chill out, communicate with friends and having done so, be more productive during the rest of the day.

There’s always a worry about clients saying anything negative. But it’s better to have visibility and be seen as a company who deal with the problem, thus turning it into a positive, so don’t panic if you get a negative comment, look at it as an opportunity, but remember if it does becomes an issue, take it offline until its been resolved and then ensure you post the positive outcome online.

Most importantly, if you’re going to go down this route and allow employees access to social networking sites, it’s vital your company has a SM Policy.

It’s always better to introduce something through choice rather than being forced, so do the strategy, plan your implementation and engagement because in the future, SM won’t be a choice – potential employees (Generation Y) will be checking out employees online, including their websites and SM activity, before considering an interview.

Once you have worries about security and policy and strategy out of the way, the next question is what should you talk about?

Every company has lots to share. They simply don’t realise how much material or interesting information exists within their company. SM can be in the form of a tweet, a photo of a product or event within the company, a status update, a blog or advertising an event. It’s not necessarily about constantly generating new information. Look at what you’ve done or used in the past and how you can re-package and re-issue.
Watch what other companies and people are sharing online and learn from that, because that’s what they’re finding important or interesting.

And finally the most important question: what’s the ROI of SM?

It’s a question that’s asked often. But as Gordon asked, how often do companies validate their return on any form of marketing or business investment? The key here is to move more of the existing marketing budget to online, as opposed to increasing the overall budget.

SM has to compliment what you do offline. If you can’t afford or have the right resources in-house, then you can outsource.

Gordon’s final piece of advice?

Don’t put anything online that you wouldn’t want to read in the newspapers the next day.

Brand Building – the importance of a strong brand

Marketing guru and acclaimed marketing textbook author Philip Kotler once said :”If you are not a brand, you are a commodity.”

No one wants to be a just a commodity, so how do you build a lasting, memorable, engaging brand for you and your business?

Ian Ord, founding director of corporate communications consultancy Fifth Ring spoke at a recent Focus Dinner, describing the key components of a successful brand strategy and how to build your own brand.

So what is a brand? And what isn’t it? According to Ian, a brand is not a logo, nor a trademark. Nike uses a slogan, but that’s not a brand either, these are simply symbols of a brand. A brand is not a corporate identity, nor a patent.

A brand is a character, it’s integrity, and people instantly recognise what it is; it is a person’s gut feel about what the product or service or company is about.

You really can’t define your brand since a brand is actually defined by others, it’s what others think and say about you and your business. Think of it as being closer to a reputation, if you consider what is the reputation of the company, then that’s very much a brand.

Ian gave several examples of strong brands, such as Coca-Cola and Hoover, a brand that is so well known it has become a verb; doing the Hoovering. Can you imagine a young person saying “I’m going to Dyson”?

There are several key components of a brand; firstly, it has to serve the strategy and secondly it has to be consistent, eg you get the same experience is every Apple store in the world. Ian explained the business must be aligned around the brand, everything aligned to enhance the brand and the overall brand experience.

A successful brand also needs to deliver on the brand promise, for example, if you buy an Apple or a Dyson you have an expectation.

Brand promises have 5 components –
1) Differentiation of yourself, your business or your product – the who what why?
2) Everything is aligned behind the brand
3) Innovation is essential to keep pushing the boundaries and keep ahead
4) You need to validate what you are doing all the time by researching and listening to customers
5) Finally, you must cultivate your brand by trying to improve what you do

If you’re interested in reading more about branding, try these:

The Brand Gap – Martin Neumeier
The Purple Cow – Seth Godin
Delivering Happiness – Tony Hseih, Zappos (a copy of which was sent to members last year)

And you can read more about Ian Ord and the Fifth Ring.