Saturday, April 22, 2017

Little and Good is Twice Good

Even if you cover your ears, 10 seconds into the presentation, you know the rep is an extrovert.

There's too much copy on her slides.

Whether writing or speaking, extraverts cannot grasp Mies' motto, "Less is more."

Adam Grant studied 300 salespeople and proved extroverts underperform both introverts and "ambiverts,” because they can't practice restraint.

Extroverts leave themselves "vulnerable to appearing too excited or overconfident," Grant says, and wind up overselling.

They'd do well to heed the words of the 17th century writer Baltasar Gracián, who advised colleagues to "leave off hungry."

"Demand is the measure of value," Gracián says. "Even with regard to bodily thirst, it is a mark of good taste to slake but not to quench it. Little and good is twice good. The second time comes a great falling off. Surfeit of pleasure was ever dangerous and brings down the ill-will of the highest powers. The only way to please is to revive the appetite by the hunger that is left."

In other words, be brief, and leave customers breathing room to consider your proposal.

Little and good is twice good.

"If you must excite desire," Gracián says, "better do it by the impatience of want than by the repletion of enjoyment. Happiness earned gives double joy."

Or as the showman P.T. Barnum said, "Always leave them wanting more."

Friday, April 21, 2017

The Buck Stops Here



The President, whoever he is, has to decide.
He can't pass the buck to anybody.

— Harry Truman


Harry Truman kept a foot-long sign on his desk in the White House that said, "The Buck Stops Here."

The saying derives from poker.

In frontier days, a knife with a buckhorn handle was used to indicate which player had the turn at dealing. If that player didn't want the responsibility, he would "pass the buck."

Most people mistake the "buck" in the expression to mean "dollar."

That meaning also derives from frontier days, not from poker, but from trading.

Deer hunting was common at the time, and buckskins could be used as legal tender. Traders valued a "buck" at one dollar.

They valued a doe at half a dollar.

Females have always been undervalued.

HAT TIP: Word-nerd Ann Ramsey inspired this post.

Thursday, April 20, 2017

What Clothes are You Wearing?


Ever since the Creative Revolution, marketers have insisted brands have character.

A brand, they say, can be friendlyplayful, rebellious, sexy, wise or generous—or possess any of a score of other human- or animal-like attributes.

Marketers can feel vindicated in this belief by the Supreme Court's ruling in Citizens United that corporations are people.

They can also feel vindicated by the lending practices of banks, which define "character" as a business' willingness to pay back a loan.

Character, according to the National Association of Credit Management, "imputes a level of ethics, integrity, trustworthiness and quality of management that is provided or available to the business."

So what's your brand's character?

Is it admired, adorable, confident, dynamic, efficient, fair, honorable, innovative, kind-hearted, likable, painstaking, plucky, proud, romantic, self-assured, silly, sincere, thoughtful, upbeat, warm, willing, witty or wonderful? Or is it something else?

Well, here's a hint: Despite all your words, your brand's character is not what you say it is, but what your customers perceive it to be.

As Priceline's co-founder Jeff Hoffman says, a brand's character is a lot like clothing: what you choose to wear every day forms others' opinions of you.
As the old saying goes, clothes make the man—or the brand.

The company Hoffman co-founded, Priceline, says it's admired and innovative.

But Priceline's recent refusal to refund me the price of tickets that it admits in writing it cancelled tells me the brand's character—the company's words notwithstanding—is altogether different. Try abusive, arrogant, callous, creepy, deceitful, evasive, greedy, malicious, materialistic, mean, nasty, obnoxious, pesky, ruthless, savage, self-serving, sneaky, tacky, tiresome, venomous, vile, wicked, and wolflike.

What clothes are you wearing?

UPDATE: I received a phone call late today from Priceline's PR department. The individual who called informed me the company had decided to refund the cost of my tickets in full, and would process the refund to my credit card within one day.

Trade Show Organizer: Is Your Agency Giving You a Bum Steer?

March's edition of Trade Show Executive includes an article by a marketing agency head who claims direct mail, the perennial attendance-acquisition "workhorse," is dying.

"Direct mail isn't dead," she writes. "Yet. Savvy event marketers are, however, anticipating and preparing for the moment the direct mail death knell finally rings."

In the same edition of the magazine, another writer claims, "Telemarketing as a marketing tool appears to be on its way to the 'outdated' bin."

Direct mail dying? Telemarketing outdated?

Rubbish.

In terms of marketing spend, in fact, both channels have held steady during the past four years, according to the latest survey of organizers by the Center for Exhibition Industry Research.

During the same period, the survey shows, email's effectiveness as an attendance-acquisition tool has declined.

Wrong-headed pronouncements like these―regardless of the intentions behind them―pose a real danger to any show organizer who buys into them.

They amount to what our grandfathers and great grandfathers would have called a "bum steer."

That expression―meaning bad advice intentionally given―came into fashion during World War I, when American troops fought alongside Australian ones on the Western Front.

Australians would call defective advice (which "steered" you) "bum," an Old English word referring to the buttocks.

Trade show organizer: Beware the bum steer.

Wednesday, April 19, 2017

Marketers Have Always Been Liars

Part 3 of a 3-part series on business strategy.

An old business saying, Mercator told readers of the May 1893 edition of Saddlery and Harness, goes, “Get money honestly if you can, but get money.”

It's an adage that can lead businessmen to lie.

But is it okay to tell customers a lie?


Mercator says, yes, in two instances.

First, it's okay to use "elastic terms of quality."

"In strict truth, only the best that can be made should be styled best," he writes, "yet we find in the bridle trade several qualities better, bearing such distinctions as best best, super, extra super, and so on. Here, though there is a departure from the truth, it is so well understood by the buyer that there is no deception, and therefore no dishonesty."

Second, it's okay to display “pretenses as to home manufacture.”

“Nowadays," Mercator writes, "the still so-called boot and shoe maker is only a seller or distributor, and in most cases sends even his repairs out, not needing to employ any workmen on his own premises. The same remarks apply to the soi distant watch and clock makers, whose only occupation is cleaning, not one in a thousand being able to make a watch or clock is it were to save his life.”

So it's okay to imply that you make what you sell, Mercator says—provided customers aren't deceived.

“There certainly are degrees of deviation from the strict truth which commercial customs almost compel everyone to conform to, and so long as the buyer well understands these things, and is in no sense deceived thereby, there is no dishonesty in practice.”

But stray afield of these claims, and you run the risk of discovery.

"The false pretense, although so common in so many trades, is always to be deplored, since it sometimes leads to false representation and untruth," Mercator writes.

"Where, as in the case of the so-called bootmaker, everyone knows the truth, no harm is done, but whenever a buyer is deliberately deceived and hoodwinked, then it amounts to dishonorable dealing. In all these matters the old Latin proverb should be borne in mind—Magna est veritas et praevalebit—the truth is great and will prevail."

Sound a tad quaint?

On his blog, Seth Godin writes, "When you are busy telling stories to people who want to hear them, you’ll be tempted to tell stories that just don’t hold up. Lies. Deceptions.

"This sort of storytelling used to work pretty well. Joe McCarthy became famous while lying about the 'Communist threat.' Bottled water companies made billions while lying about the purity of their product compared to tap water in the developed world.

"The thing is, lying doesn’t pay off any more. That’s because when you fabricate a story that just doesn’t hold up to scrutiny, you get caught. Fast."
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