Marketing Innovation: Keep the Ideas Coming!
Marketing Innovation: Keep the Ideas Coming!
A number of years ago, I discovered a marketing methodology made popular by Michael Gerber. For those of you who have never heard of him, you can still find his books on Amazon or your local bookstore. Mr. Gerber referred to this marketing methodology as the E-myth which was comprised of: innovation, quantification, orchestration, and documentation.
This methodology is the key behind major marketing successes like McDonalds, the Four Seasons, and many other well-known brands. Let me explain his methodology and illustrate how it can be applied to your business to deliver significant ROI.
Innovation
If you do what everyone else is doing, you’ll get the same results – if you’re lucky. Most often, those who excel in any market are the innovators, those who are continually trying new things, creating new methods of doing business, or standing for something unique.
Whether you’re Ben & Jerry’s ice cream, Apple computer, or Tommy Hilfiger, innovation is baked into the sale, marketing, and product development process. To illustrate, let’s take a look at your run-of-the-mill retail clothing store. When you enter the store, what’s the first thing the sales rep says to you? You guessed it, “How can I help you”?
An example of applying innovation would be to have that same sales representative open with a new greeting, something like, “Hello, is it your first time visiting our store?”. If yes, there’s a perfect opportunity to discuss what makes you unique, how to navigate the store, and so on. If no, the same holds true… “Welcome back. Were you successful in finding what you needed upon your last visit? What can I help you with today?”
Regardless of the actual questions used, the example of innovation in a sales/marketing sense gives you the ability to try something new. This ‘something’ can take a variety of different formats, but most importantly it iis something that can move you towards a greater ROI. Especially if you understand the next step which is quantification.
Quantification
With each innovation, an action is taken – a product sampled, research conducted, a new sales pitch or value proposition delivered. To be truly effective with your marketing you must measure your results.
The most successful marketing programs are always working to improve their return on investment (ROI). The key is to measure each independent element that could possibly influence your result.
Using our example of the retail establishment, you wouldn’t want to ask all of your sales reps to start using a new pitch AND change their dress code. Doing so might dilute your ability to measure the effectiveness of a new sales script. Additionally, you wouldn’t want to change other store elements like the music or store layout at the same time – doing so would make accurate measurement next to impossible.
Now that you’ve tried something new and measured its effectiveness, you’re ready for the third component, orchestration.
Orchestration
After trying something innovative, and measuring the result, you now know what works and what doesn’t. The key is to keep innovating in small ways, continually testing and evaluating the results. Once you have your successes identified, you need to roll them out in a systemic fashion.
All sales and marketing personnel should be utilizing and implementing the latest innovation in all they do. This methodology now becomes your control. Your next innovation is only effective if it produces better results than your control.
Improving your process of orchestration is also extremely important. The faster you implement your innovation across the business – in a consistent fashion, the better your results become. Walmart is a master of this. If there is an innovation in one store, it is quickly shared and implemented with all store managers across the U.S. The result is innovation on a massive scale which has a direct and positive influence on ROI.
Documentation
The top innovators do this last step extremely well. Documentation doesn’t mean creating reams of manuals that are esoteric or difficult to navigate. Rather, documentation is the development of a guide, procedure, or system that allows consistent implementation of the innovations you develop.
As new personnel come into your business, you want to make sure that the innovations and enhancements you’ve made to your sales and marketing practices are fully implemented. The best way to do this is to not expect an employee to memorize a 700 page employee instruction manual. Rather, they should become familiar with your way of doing business - which needs to be documented in a simple, easily understandable format.
You know you’re at a company that does this well when you hear things like, that’s “the Walmart way” or “This is how we do it here”. It’s those companies that create living documentation that is easily understood and implemented that excel.
Conclusion
If you’re trying to enhance your marketing program, or create one from scratch, keep this methodology in mind: innovation, quantification, orchestration, documentation. This process will ensure constant growth and improvement in your marketing results.
Don’t just take my word for it, look at most major brands or category leaders. Under the hood, you’ll find systems for innovation, ways of testing, measuring, implementing, and documenting in a seemingly effortless fashion.
Marketing Innovation Keep the Ideas Coming - To learn more about this author, visit Michael Fleischner's Website.
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There are a number of basic marketing fundamentals that everyone needs to know in order to generate attention, interest, desire and action among prospects. But to be successful in today’s competitive environment, you need more than a basic understanding of a traditional AIDA model and the 4 P’s (product, place, price, promotion).
A number of years ago, I discovered a marketing methodology made popular by Michael Gerber. For those of you who have never heard of him, you can still find his books on Amazon or your local bookstore. Mr. Gerber referred to this marketing methodology as the E-myth which was comprised of: innovation, quantification, orchestration, and documentation.
This methodology is the key behind major marketing successes like McDonalds, the Four Seasons, and many other well-known brands. Let me explain his methodology and illustrate how it can be applied to your business to deliver significant ROI.
Innovation
If you do what everyone else is doing, you’ll get the same results – if you’re lucky. Most often, those who excel in any market are the innovators, those who are continually trying new things, creating new methods of doing business, or standing for something unique.
Whether you’re Ben & Jerry’s ice cream, Apple computer, or Tommy Hilfiger, innovation is baked into the sale, marketing, and product development process. To illustrate, let’s take a look at your run-of-the-mill retail clothing store. When you enter the store, what’s the first thing the sales rep says to you? You guessed it, “How can I help you”?
An example of applying innovation would be to have that same sales representative open with a new greeting, something like, “Hello, is it your first time visiting our store?”. If yes, there’s a perfect opportunity to discuss what makes you unique, how to navigate the store, and so on. If no, the same holds true… “Welcome back. Were you successful in finding what you needed upon your last visit? What can I help you with today?”
Regardless of the actual questions used, the example of innovation in a sales/marketing sense gives you the ability to try something new. This ‘something’ can take a variety of different formats, but most importantly it iis something that can move you towards a greater ROI. Especially if you understand the next step which is quantification.
Quantification
With each innovation, an action is taken – a product sampled, research conducted, a new sales pitch or value proposition delivered. To be truly effective with your marketing you must measure your results.
The most successful marketing programs are always working to improve their return on investment (ROI). The key is to measure each independent element that could possibly influence your result.
Using our example of the retail establishment, you wouldn’t want to ask all of your sales reps to start using a new pitch AND change their dress code. Doing so might dilute your ability to measure the effectiveness of a new sales script. Additionally, you wouldn’t want to change other store elements like the music or store layout at the same time – doing so would make accurate measurement next to impossible.
Now that you’ve tried something new and measured its effectiveness, you’re ready for the third component, orchestration.
Orchestration
After trying something innovative, and measuring the result, you now know what works and what doesn’t. The key is to keep innovating in small ways, continually testing and evaluating the results. Once you have your successes identified, you need to roll them out in a systemic fashion.
All sales and marketing personnel should be utilizing and implementing the latest innovation in all they do. This methodology now becomes your control. Your next innovation is only effective if it produces better results than your control.
Improving your process of orchestration is also extremely important. The faster you implement your innovation across the business – in a consistent fashion, the better your results become. Walmart is a master of this. If there is an innovation in one store, it is quickly shared and implemented with all store managers across the U.S. The result is innovation on a massive scale which has a direct and positive influence on ROI.
Documentation
The top innovators do this last step extremely well. Documentation doesn’t mean creating reams of manuals that are esoteric or difficult to navigate. Rather, documentation is the development of a guide, procedure, or system that allows consistent implementation of the innovations you develop.
As new personnel come into your business, you want to make sure that the innovations and enhancements you’ve made to your sales and marketing practices are fully implemented. The best way to do this is to not expect an employee to memorize a 700 page employee instruction manual. Rather, they should become familiar with your way of doing business - which needs to be documented in a simple, easily understandable format.
You know you’re at a company that does this well when you hear things like, that’s “the Walmart way” or “This is how we do it here”. It’s those companies that create living documentation that is easily understood and implemented that excel.
Conclusion
If you’re trying to enhance your marketing program, or create one from scratch, keep this methodology in mind: innovation, quantification, orchestration, documentation. This process will ensure constant growth and improvement in your marketing results.
Don’t just take my word for it, look at most major brands or category leaders. Under the hood, you’ll find systems for innovation, ways of testing, measuring, implementing, and documenting in a seemingly effortless fashion.
Marketing Innovation Keep the Ideas Coming - To learn more about this author, visit Michael Fleischner's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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