Welcome to Indenture

Employers who recruit a lot of recent grads are luring them with a new perk: student loan repayment.

Bloomberg reports that investment and consulting firms like Nataxis and   PricewaterhouseCoopers will pony up as much as $250 a month toward a candidate's college debt.

McKinsey, Bain Capital and Accenture will also pay down employees' student debt, according to The Wall Street Journal.

If you're willing to provide seed money, we can jump on the bandwagon and start up our own firm to compete with Accenture.

Indenture.

A pillar of colonial America, indenture (a version of "enforced servitude") underwrote the tobacco economy in the Chesapeake region.

Under the system, an Englishman who sought a clean start in America signed a contract that promised he'd repay his master for ship fare, clothing, and room and board by laboring for seven years. 

Women also signed the contracts.

The word indenture refers to an indentation made on each contract. When it was drawn, two copies were made. One copy was then placed over the other and an edge indented.

As a result, master and servant could always spot whether a copy might be forged (often the end-date would be changed by one or the other party.)

On a serious note: Burdensome debt is no laughing matter. It drives in part the popularity of Bernie Sanders among Millennials. As one Boomer told a group of college students, “Your generation’s debt is our generation’s draft."

The One Percenters

Try as they might, the narcissists packing the 9/11 Memorial Museum during my visit this week couldn't palliate the place.

Out of a compulsion to vaunt their little lives, they vamped about Ground Zero as if it were Dollywood.

They never got the memo: One percent of people—tops—deserve attention.

Like the 3,000 workers who perished in the Twin Towers.

Like the first responders who risked their all.

Like the Flight 93 passengers and Pentagon employees.

The rest of us don't.

When is Advertising a Waste?

Marketing maestro Edward Segal contributed today's post. Edward helps REALTOR® associations generate publicity about their activities and shows their leaders, staff and members how to deliver effective presentations.

John Wanamaker, a merchandising pioneer in the 19th and early 20th centuries, said, “Half of the money I spend on advertising is wasted; the trouble is I don’t know which half.”

Many people still regard advertising as the best way to help position, promote, and sell their products, services, or expertise. After all, if you have enough money, you can say whatever you want, wherever you want, and for as long as you want, to anybody you want. And in today’s competitive marketplace, there are advertising opportunities that simply did not exist a few years ago, such as Facebook.

The trouble with advertising, however, is that unless you are careful, some or all the money you spend on it can be wasted. 

But how can you guarantee every penny of your advertising budget is well spent?

Check your ego

Think you can do it yourself? 

Do not let your ego get in the way of your advertising success. 

The reality is that there is a lot involved in successful advertising, ranging from strategy and creativity to messaging and placement, and you need to know what you are doing every step of the way. Put another way, would you ask a lawyer to perform brain survey on you? Of course not. So why would you believe that you can do your own advertising if you’ve never done it before, or well?

No one cares about your product

You think everyone in the world will want to buy whatever you are selling. Face it: just because you may be in love with what you are promoting does not mean that anyone else will be, or will even care about it. A marketing professional can help ensure that you are reaching the right audience for the right reasons and in right way.

Money pits abound

Here are other major potential budget-wasting mistakes to avoid. You:

• Do not have a clear marketing message or effective marketing strategy.
• Do not know your niche in the marketplace, or who your target market is. 
• Have not weighed the pros and cons of the different advertising outlets. 
• Don’t know whether a particular advertising medium is the best one to use in order to communicate your message, or if that medium will even reach your target audience.
• Do not know how often you will have to advertise in order to have an impact.
• Do not know much money will you have to spend in order to be effective.
• Do not experiment or test market your messages or strategy before launching your campaign.
• Pull your advertising before you have given it enough time to work.

Until you have taken steps to avoid these fundamental mistakes, it might make sense to place your advertising plans on hold, and consult a competent marketing professional.

Perhaps if John Wannamker had followed the advice above, half of what he spent on advertising would not have been wasted.

Compartmentalized Thinking

In the 1980s, when mapmaking kingpin Rand McNally first saw the signs of coming industry disruption, what did it do?

It unleashed an all-out PR campaign to persuade carmakers and consumers to call the "glove compartment" the "map compartment."

Duh.

While thinking like that might have worked in the 1950s, by the 1980s it was nothing other than magical thinking.

Magical thinking, psychologists say, is a product of Darwin's "struggle for existence." When faced with an existential threat, we look for saviors everywhere, as Rand McNally did.

Sometimes those saviors are efficiency experts; more often, salespeople; most often, marketers.

But when your industry's fragile, none of those folks can save you.

To borrow a thought from the 1990s, you have to think different.

Think Evergreen

Pity the poor cereus, which blooms but a day.

Marketing content's a lot like that.

When measured by clicks, most content flowers but a day or two.

And deservedly so, when marketers are conditioned to think news.

But after all the work of content creation, you'd hope your effort enjoys more than a moment in the sun.

That's why I like evergreen content.

"Evergreen content answers your customers' most common questions, and rarely goes out of date," Mark Schaefer writes in The Content Code.

You can, for example, Tweet once every month about an old evergreen blog post, and receive new rounds of likes, comments and shares from people who missed it, Schaefer says.

You need to stop worrying the content is old and "view evergreen content is an investment in an asset for your business," Schaefer writes.

"If you bought a new tractor for your farm or a new truck for your plumb business, you wouldn't let it just sit around not being used. An investment in content is no different."  

Unnatural Acts

Why do we encounter so many inexpert emails, articles, ads, books and blog posts?

The fault is not in our stars, but in ourselves, says psycholinguist Steven Pinker in The Sense of Style.

As Darwin observed, for human beings the act of writing, unlike speaking, is unnatural.

While we master the art of conversation as kids, we wrestle for years—decades—to learn to communicate artfully in writing.

Unlike speaking, writing isn't genetically wired. Good prose, in fact, demands that writers commit "unnatural acts," Pinker says.

Those acts begin in a fairy tale.

To communicate well, the writer must make believe she's conversing with someone.

"The key to good style, far more than obeying any list of commandments, is to have a clear conception of the make-believe world in which you're pretending to communicate," Pinker says.

What should your make-believe world look like?

Pinker describes it eight minutes into his delightful 50-minute talk before the Royal Institution, Linguistics, Style and Writing in the 21st Century. 

Check it out.

What Do Women Want?

What do female executives—or male ones, for that matter—want from B2B salespeople?

Personalized content.

Channeling Freud, Harris recently asked, When it comes to sales pitches, what do you want?

Harris learned executives want pitches that are personalized:

• 89% want pitches personalized to their company’s industry

• 83% want pitches personalized to their specific problem

• 70% want pitches personalized to their role in the company

Harris also asked, When it comes to sales emails, what do you want?

The pollsters learned executives want sales emails with content:

• 84% want case studies

• 81% want articles

• 78% want white papers

• 72% want brochures

• 72% want videos

We live in an on-demand world; we want what we want, when we want it. Do your salespeople provide it?

NOTE: Today's post is yet another milestone for Copy Points: No. 500. Coming soon: Post No. 501.

Publish, Don't Perish

Everyone knows "less is more," says Alexandra Samuel in the Harvard Business Review; but masters of brevity can sound loutish on line.

And one ill-thought-out email can jeopardize a career.

When writing an email or social media post, Samuel suggests you:

• Use a conversational tone
• Start with your key point
• Avoid profanities, acronyms, bragging and kvetching
• Exercise caution with humor
• Be 30% nicer than you are off line
• Adapt your tone to the platform

No matter the topic, "if you write it down, you should be prepared to see it on the front page of a newspaper," Samuel says.

"That doesn’t mean you can’t email your colleagues about confidential business dealings, but be sure that you can live with whatever you’ve written—so don’t write down anything that would sound small-minded or unethical (particularly if taken out of context). And when you’re posting on social networks, which are out in the open, assume that anyone can see anything—including your boss, your mother, your clients, and your kids."

Brands Faring Best on Facebook

Americans trust marketing content on Facebook more than marketing content delivered by other media channels, according to new research.

E-commerce consultancy The Acquity Group asked 2,000 Americans to score channels for trusted marketing content (1=most trusted; 10=least trusted).

Leading the pack, Facebook earned an average score of 4. 

Magazines and newspapers earned a 4.4.

Email and TV earned a 5.3.

In addition, young Americans (18-30) are twice as likely than old Americans (52-68) to rank Facebook as the most trusted channel for marketing content, the study reveals.

They're also more likely than old Americans to buy a product after encountering that content on Facebook.

NOTE TO READERS: Copy Points turns five years old this month!

Go Slow

Patience is a virtue in B2B marketing, says agency owner Eric Fischgrund, writing for Huffington Post.

Winning the race for leads, revenue and leaps in share price demands not only that you form a content plan, but stick to it.

Repeat thyself

Don't scrap a reasonable plan because results don't materialize overnight, Fischgrund says.

"If a white paper fails to generate downloads and leads, or a blog post fails to drive visitors to the website, there is no need to panic. Go back and review the delivery—consider the time of day or day of the week the content was published, or review the ads you placed on LinkedIn to generate clicks. Perhaps you will find it had nothing to do with the content or landing page, but because you reached your audience via e-mail blast at a time normally spent away from the computer."

Be patient

Don't expect to rally prospects, customers, analysts and influencers in a month.

"In reality, it takes time to establish a platform, cultivate a following, and execute upon strategic objectives," Fischgrund says. "It's a far smarter practice to focus on quality, not quantity of the content and messaging published via social media."

Cultivate the media

Get to know the reporters for trade, regional and national publications.

"Form relationships with reporters and media outlets," Fischgrund says. "Reporters always seek value, and if you can position yourself or your client as an expert, or their news as being important, you will achieve exposure."

Remember: the hare's fast, but the tortoise wins.

Shoddy Content Can Only Fail

Introduced in 1813, shoddy is a cheap woolen cloth made from recycled rags. Victorian-era manufacturers used it to make low-end clothing.

Civil War soldiers—whose shoddy uniforms would disintegrate after only days—are responsible for our use of the word to mean cheap workmanship.

By flocking to shoddy content, today's marketers are trying to pull the wool over our eyes.

But it won't work, says Jeff Rosenblum, a columnist for Ad Age.

A marketing movement is underway to deluge customers with shoddy content—a movement that gives Rosenblum deja vu.

"I'm getting nasty flashbacks to the early days of banner ads," he writes. 

"When banner ads first came out, the marketing industry treated them like rebranded laundry detergent—'new and improved!' So, we shifted a bunch of dollars online and used half-baked data to prove it worked. Until, of course, we realized it didn't."

Banner ads bombed because marketers didn't grasp their value.

"The same will be true of content if we don't apply the lessons we learned. If we simply develop content because we think it's new, improved, quicker and easier than previous tactics, we're doomed to get the same disappointing results that we got from banner ads."

Content works, Rosenblum says, when it's understood:

• Content improves brand perceptions. "Great content shows customers why a brand is different and better than the competition. It creates evangelists that carry the brand message more effectively than paid media ever could," Rosenblum says.

• Content empowers customers. The premise is straightforward: customers give you their time; you give them useful information. "It's easy to create a social post with a cute kitten and generate a bunch of social shares, but that doesn't do anything for the brand in the long run."

• Content is more than clicks. Marketers need to measure more than likes and shares. "You need to understand how well the audience understands what makes the brand different and better. You need to understand what, specifically, shifts them down the sales funnel and generates revenue."

• Content isn't cheap. "Too often, brands spend countless hours talking about the power of social media, but spend an infinitesimal amount of their overall budget creating content."

"Unlike banner ads, content marketing can fundamentally alter the future of a brand. But it won't be quick and it won't be easy," Rosenblum concludes.

As F. Scott Fitzgerald once told a would-be writer, "Nothing any good isn't hard."

White Noise

Too much content is killing content marketing, says William Yates, an executive with the UK-based digital agency Novacom.

Marketers know full well customers are time-starved, but continue nonetheless to spew "protracted blogs, long, drawn out how-to articles, and over-written so-called white papers."

Most of this content is "textual junk," Yates says; and the oversupply threatens to turn marketing communications into "marketing white noise."

In fact, Yates contends, a transition is already afoot: customers are becoming more discerning.

"Discernment is the other side of the transition coin, and as this side of the coin is flipped and hits the sunlight, and discrimination prevails, so this incessant stream of nonsense will be perceived for what it actually is: valueless."

Millennials: In Blogs We Trust

A new study by research firm Millennial Branding reveals that Millennials rely on blogs more than any other form of media as a source of trustworthy product information.

Thirty-three percent of Millennials say they count on blogs to guide their purchase decisions, while fewer than three percent allow traditional forms of media (TV, magazines and books) to influence them, according to the study.

Although a majority (58 percent) expect brands to publish online content, a mere one percent of Millennials say that ads of any sort increase their trust in a brand.

Before making a purchase, Millennials instead seek the opinions of friends (37 percent), parents (36 percent) and online experts (17%).

A Lesson from LinkedIn

Cleveland headhunter Kelly Blazek made national headlines last week for flaming a jobseeker who contacted her through a LinkedIn group.

Blazek's victim didn't sit still for the abuse. She posted the headhunter's put-downs verbatim on several other Websites and they quickly went viral.

Blazek apologized for the breach of trust in a letter to The Plain Dealer. “In my harsh reply notes," she wrote, "I lost my perspective about how to help, and I also lost sight of kindness."

Blazek subsequently deleted all online traces of herself.

Ironically, only last year the headhunter was named "Communicator of the Year" by the Cleveland Chapter of the International Association of Business Communicators.

We all can benefit from the advice of Florence Hartley, author of The Ladies' Book of Etiquette, published in Boston in 1860:

"Never write a letter carelessly. It may be addressed to your most intimate friend, or your nearest relative, but you can never be sure that the eye for which it is intended, will be the only one that sees it. I do not mean by this, that the epistle should be in a formal, studied style, but that it must be correct in its grammatical construction, properly punctuated, with every word spelt according to rule. Even in the most familiar epistles, observe the proper rules for composition; you would not in conversing, even with your own family, use incorrect grammar, or impertinent language; therefore avoid saying upon paper what you would not say with your tongue."

Selling at Tradeshows—Part 1

NOTE: This is the first in a series of two posts.  Without shame, I confess to pirating ideas from others. But in the words of poet T.S. Eliot, "Good writers borrow.  Great writers steal."

Tell, Don't Sell

A tradeshow can be an ideal medium for "storytelling" (in Seth Godin's sense).  

Think of the attendees as scouts gathered round your campfire, except their badges aren't for merit.

Unfortunately, most companies don't maximize the medium.  That's because they define selling not as storytelling, but as revenue generation.

Desperate to generate revenue, most companies that exhibit at tradeshows try to engage attendees by "pitching" product features.  

But this definition of selling is passe.  Worse yet, allowing this definition of selling to drive exhibiting produces nothing but the real-world equivalent of spam.  And everyone hates spam.

Tradeshow exhibiting—when handled effectively—generates relationships.

And relationships are built on stories, stories that "start with why" (in Simon Sinek's sense).  Why are you in business?  Why should anyone care?  Why do customers spend money with you?

As an exhibitor, you have two compelling reasons to quit selling and start telling:

• Most attendees have done their homework (product research) before the show.  They know what the players in your field do.  The one thing they may not know is why.

• With all your competition—all the me-too products vying for attendees' attention—you can't afford to waste the chance to engage them with your why by focusing on features.

What's the lesson here? 

Revenue generation is imperative.  But storytelling precedes it.

Scout's honor. 

Next installment: Share, Don't Stare