I have spent
time this last week reviewing what many salespeople – or at least those brave
enough to share on the net - have posted as their resolutions for 2013.
I thought I
might share what has come to light from my search. You might care to consider
to include some of their approaches and thoughts in putting the final touches to your selling plans for 2013.
Having enjoyed the Holidays recharging their
selling batteries for 2013, they have returned with renewed vigour. Some even
had undergone an epiphany having been inspired by some sales reading that had
over the holiday which is apt in this season of Epiphany.
I noticed many
of their plans parallel the challenges of re-Branding. Their objectives for the
new year can be grouped into 4 ‘Re-‘ words : Refocus ,Rethink, Reinvent ,Rename.
Refocus - be a marksman with a rifle not a shot gun
As with
re branding, in Sales it’s worth reviewing who is your target audience from time to time.
It can happen
that your sales drop because in trying to increase your market share, you lose
sight of whom it is you serve best. In casting your net too wide, you may even
alienate your core clients.
Refocusing
gives you a chance to redeploy your efforts specifically to appeal to those
clients who will realistically be most interested in and most likely to buy
your offer, rather than wasting time and money on a less effective, too-broad
sales plan.
I notice a
number of Business Plans for 2013 who wanted to reduce the amount of time spent on unfocused time on
social media such as LinkedIn , Facebook, YouTube and blogs J !
Read this excellent article by Benjamin Cohen
Read this excellent article by Benjamin Cohen
Rethink - as Goethe said "Most things have been thought of before, the trick is to think of them again"
On the other hand the new year can be a good time to reconsider your product offering with fresh eyes. Forget your past success and look ahead to what it will take to seize a newer, broader market.
Ask yourself what will make your product relevant to 2013’s customer. What are the benefits of your offer for 2013? Does your product promote ecological responsibility recycling? Does it support a healthy, active lifestyle? Can it create greater efficiencies or cost savings in an economy where everyone’s looking for new ways to stretch the money further?
If we are headed for a triple dip recession one may need to freshen up and rethink our offering to avoid being thought of or seen as same old /same old. Notice how in retail how the banks like Barclays , supermarkets like Tesco have undertaken refits.
Fast food chain McDonald’s is a good example of how taking a fresh look at your company’s offerings you can not only keep you relevant but help you thrive in an ever-shifting marketplace.
Established as a burger joint and maligned by the well-hyped documentary “Super-Size Me” as being synonymous with obesity, McDonald’s took a step back and envisioned a restaurant where healthy offerings such as salads, fruit and yogurt could peacefully co-exist with good old-fashioned fast food fare.
My breakfast place mat on Thursday December 20th 2012 |
This approach reaped immediate rewards, as customers who had left McDonald’s in pursuit of healthier options discovered that it was safe to return. Notice their campaigns on recycling and health messages.
Reinvent - just consider how many times 'Brand Beckham' has been reinvented
If you google image soccer star and model David Beckham you realise how skillfully he has reinvented his image over the years e.g . hairstyles, product endorsements, clean shaven / beard etc.
In the 1970s
and 1980s clothing brand Burberry went through a
period synonymous with gangwear in the
UK. football thugs, chavs and hooligans. Phoney clothes with the signature
Burberry check print were sold to the mass market, creating the impression that
it was no longer an exclusive brand and undermining its desirability among
affluent set.
Burberry
struck back, relying heavily on a series of endorsements from young, A-list
celebrities like Kate Moss, and Emma Watson to reposition the brand as fresh
and appealing.
In addition
to advertising heavily in glossies like GQ, Esquire, Vogue and Harper’s
Bazaar, they also used a viral marketing campaign, placing ad banners on top
fashion websites.
You notice that the brand appears at fashion
weeks around the world without fail, hosting their own shows to present new
lines, which keeps their name constantly in the fashion press.
In doing so, Burberry has reinvented itself
and reclaimed its historic stature as a high-end, aspirational brand
Keep an eye
out for the Beckham’s young Romeo who will feature in Burberry Spring and
Summer campaigns this year.
Rename - nom de plum, alias , aka....
A complete
change of name can be a risky strategy but one that can also be highly
effective when implemented with perfect timing and execution. For example
Backrub 1996
became Google in 1998
Anderson
Consulting became Accenture on Jan 1 2001
Network
Associates became MacAfee Inc in 2004
Yves Saint
Laurent ( YSL) becomes Saint Laurent Paris in 2013
A great
example of how one company changed their fortunes by changing their name is the
fast food chain originally known as Kentucky Fried Chicken.
Founded by
Colonel Sanders in 1956, the company made the wide-sweeping decision in 1999 to
shorten their name to simply “KFC.”
There are
several prevalent theories why this change was undertaken maybe some are urban
myths but it all helped to get the brand talked about. Some suggest it was the
desire to disassociate themselves from the word “fried” and its unhealthy
implications.
Others claim
the KFC wanted to remove the word “chicken” in reaction to pressure from
government food regulators upset about treatment of livestock.
Still others suggested
the company removed the word “Kentucky” because the name was actually
trademarked in the USA by the Commonwealth of Kentucky in 1990, smacking all
who wanted to use the name with a hefty licensing fee.
Whatever the
real reason for the switch, KFC was reborn and sales shot up.
If your
customers are losing their passion for your products and your sales numbers are
feeling the squeeze, re branding may prove to be just the jump start you
need to revitalise your sales revenues.
A Happy
Epiphany season to all readers and hope your new year's resolutions for 2013 come to
fruition whether you refocus, rethink, reinvent or rename.
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