Business Opinion Archives

About a month ago I attended a business networking group meeting for the first time.  While I thoroughly enjoyed the meeting and left the event with a lot of new contacts that I hope to meet with again, there was one gentleman that seems to not understand proper email etiquette.

Every since that networking group meeting, which was the first time I’ve ever come across this dude, there has been an email every single day from him promoting his financial advisory business.

TWO OF THEM no less! He entered my name twice into his database and has been emailing every day like clockwork.

Costly Mistake #1A

I requested to be removed from the broadcast not realizing I was actually in there twice … so I’m at least down to one unrequested email per day instead of two.  I thought one request would remove both since they go to the same email address.  I guess not so lucky me! I get to send two removal requests for a series of emails I never wanted in the first place.

If you’re going to broadcast email every day, make the opt-out process simple and one time (preferably one simple click)! Don’t confirm the fact that someone opted-out while trying to make them feel guilty for doing so.  They’re asking you NOT to email again, and that’s part of the CAN SPAM regulations by the way.

Look, I truly admire this cat’s enthusiasm and persistence, but a networking group meeting is not a substitute opt-in for a broadcast list!

Introductory Promotions Are One Thing

If you know anything about me, you know I have no problem sending someone one (unsolicited) email that encourages opting into a list or promoting a free offer to someone that has never heard of you.

I’ve done it and will probably continue to do it when I believe I have a quality free offer that business owners can benefit greatly from.

That’s part of business these days, much like sending a letter in the mail, but I don’t encourage repeatedly emailing people that didn’t opt-in somewhere or specifically request more information (that’s spam).

Meeting in Person = Permission to Spam?

When you meet someone in person, you don’t magically obtain the right to add them to an auto-responder or broadcast list to hammer every single day to promote your stuff.

Sorry, that’s bad form regardless of how nice you may have been in person or how compelling you believe your offer/story to be.

You Know What They Say When You ASSUME!

The next time you’re at a networking group, don’t assume that because someone gives you their card that they’re asking for daily emails about you, your product or service, or your back story.  That’s what an opt-in form is all about … simply send a follow up email that lets people know you have an update service should they wish to get more information from you. Guide them to the form and be done with it!

Easy Rule of Thumb

Here’s a rule of thumb I tend to follow: would you pay the money necessary to type out whatever you plan to say in your daily email broadcast, print it out, stuff it into an envelope, pay for postage and mail it out?  That could get expensive quickly, right? Is your daily unrequested broadcast email THAT valuable?

Most of the time, these emails wouldn’t be worth the value of the ink on the paper, and the senders know it.

The Bottom Line

If you wouldn’t pay to put a stamp on it, you shouldn’t email it!

At least that’s how I look at introductory emails … just because email is free (for now) doesn’t mean you don’t weigh out the value of the communication as if it would cost the same as regular mail.

I deserve to get paid, too!!!

This post has been a long time coming, and part of it is my own damn fault. More on that in just a second.

For full disclaimer purposes: stop reading this post if you believe you should not pay for someone else’s hard earned knowledge or skills or that everything informational ought to be free because you’re not going to like what I’m about to say.  I’ll save you the trouble in advance.

<rant>

Here’s the rub . . . I get a lot of calls from people wanting help on various things.  Auto-responders, SEO, social media marketing, direct response mailers, banner ads, targeted Google PPC placements, website design, graphics, ROI tracking & analysis, website analysis, teleseminars, webinars, workshops, bootcamps . . . the list goes on and on.

I’m beyond flattered that so many people turn to me for my insights and advice, but (damn it!) don’t expect me to give it away for free all the time!!! The reason I say this is partly my fault is because I truly enjoy helping people so I get roped in before the “tab” is paid.

When it comes time to pay the tab, some people are put off by the fact that I deeply believe I deserve to earn (good) money for helping them achieve their goals. Some of them say “but you didn’t actually DO anything  . . . you just shared some tips and/or techniques that I sort of knew a little about already.  You just helped steer me to complete them.” Hello!?!

When you call a painter to come out and paint your house, why do you pay him/her? It’s not like you’re not capable of painting your own house right? Same with a plumber–you can unclog your drains by going to Lowe’s or Home Depot, buying a “snake” and shoving it down in there to remove the blockage, but you typically don’t. You can cut your own lawn, but a good number of us hire others to do that for us so we can focus on other things.  When you go to the doctor to get a prescription, why do you pay him/her? You are paying for their knowledge and application of that knowledge.  Even though you may have done some research and come to the same conclusions on your own, you didn’t balk at paying for the knowledge, skills, or reassurance right?

You couldn’t visit your attorney, tax consultant, oil change dude, local sandwich shop, bakery, or restaurant and get a bunch of stuff for free so why do people believe a consultant or advisor should work for free when the main thing they sell is an intangible good (knowledge)? Yes, it doesn’t have a hard and set price tag associated across the board but believe you me, the knowledge didn’t come cheap! It’s taken years upon years and a lot of trial and error to figure out all of these different ways to “skin the cat” with Internet Marketing. You benefit from that because you don’t have to go through the same trial and error or the immense expense to self educate yourself on all of it and how to piece it together nicely.

Most of this knowledge and skill has come as a result of a lot of personal expense . . . to buy other people’s training programs and attend several live events to network and joint venture with equally sharp and motivated people so that you can achieve your goals with our help. If you’ve been following my stuff for any length of time (or even just a couple of days), you know I’m offering several training programs to share my knowledge with you without asking you to spend a lot of money with me to get the ball rolling.  Maybe that’s the problem, you’d prefer to pay $1900 for the same knowledge to develop skills that you can pay less than $500 to obtain right now.

Hell, there’s even a measly $27 product available that is vastly under-priced, but some people believe that ought to be free, too because the videos are done, the website is finished, and the workbooks are complete.  There is nothing “physical” so it should be free, they ration. The other argument I hear is that there is a lot of free information already out there on a lot of this stuff: SEO, Twitter, social media, auto-responders, list building, banner ads, PPC, etc.

Let me ask you this: how long would it take you to find this “free” information, consume it, reassemble it in a logical fashion so that it could be applied regularly, all while developing the confidence that you’re doing everything right? Here’s a benchmark: start at 100 hours to scratch the surface.  Let’s say your time is worth $50/hour . . . that’s $5,000 right there, yet it’s too much to ask to pay someone that already has the abilities to not only apply the knowledge but is confident in their effectiveness?

So to make a very long story short, whether you do business with me or someone else, don’t be put off that you’re going to have to pay talented people at some point even if they’re only worth a tad more than a wooden nickel. It’s what we do for a living, and we deserve to get paid just like you.

If you’re just lazy and don’t want to take any initiative, you’re going to have to pay a premium to have whatever you’re looking to accomplish done for you. That’s how business works so the choice is always yours, but don’t be offended next time when it comes time to pay the tab.

</rant>

Now that you’ve endured my latest rant, go make something positive happen!  Or better yet, buy some of my stuff or pay me to help you create your own stuff.  :)

Very early real estate marketing survey results

Yesterday, I sent many of you a link to a brief real estate marketing survey.  I’ve gotten some responses, and there is a consensus on a few items.

The most “alarming” is that no one who responded is happy with what they’re getting out of their business.  Furthermore, 75% are not generating enough income to support themselves/their family.  Ruh roh! Great information to know so thank you for sharing, but I have some serious work to do to help you all.  :)

Half of you stated you’d like to convert more leads to sales (we can work on that), and the lowest average rating for the multiple category question is search engine rankings which means you’d like to improve your search rankings most of the items presented. That is good news for me as I prepare the real estate marketing training package because it tells me there is a need for this product, and I know I can help you.

Anyway, if you haven’t completed the survey, here’s a link to it:

Real Estate Marketing Survey

I’d appreciate as much feedback as possible to make sure the training package totally meets your needs.  Once you complete the survey, there’s another free report to download at the end.  Eventually, I’ll turn this survey into a report and send it out to those that have confirmed their registration for “The State of Online Search for Real Estate.” (If you haven’t gotten your copy, that’s a free report, too by the way.)

Any comments or suggestions? Let me know by commenting below.

Domino's–You SUCK!!!!

I just placed a pizza order to be delivered by Domino’s at 5:30 PM.  Their fancy order tracker (which I think is pretty cool, but I’m not sure this is what they had in mind) informed me that the pizza was baked and put into a box at 5:40 PM.  At 6:04, it informed me that “Joe–a delivery expert” was on his way to my door with the pizza.  Granted, their 30 minutes was already shot by 6:04 by four minutes, but I was looking forward to the pizza even if it was closer to 40 minutes.

Domino\'s Order Tracker

At 6:29, Joe arrives at my door to which I informed him that I’d give him a couple of bucks for his trouble, but I didn’t think the pizza was worth a dime after sitting that long so I wanted my credit card refunded for the amount of the pizza.  His reply was “I’m sorry man, we got busy.”  Not my problem Joe–that’s a sign of poor management not poor customer expectations.  Your company set the expectation with “you’ve got 30 minutes” not 60 minutes!  I understand pizza chains get busy, and it’s tough to find quality help at many of them because gas prices are hurting all of us, but 60 minutes is too long regardless of how busy the store happened to be.

I understand that the slogan is not a guarantee, but it does set the expectation whether that is right or wrong.  Regardless, it’s unacceptable to take 60 minutes to deliver a pizza especially when the store location is about 3 miles away.  I should have just hopped in my car and picked the damn thing up myself, but that’s the whole concept behind delivery isn’t it–convenience?

Needless to say, I won’t be ordering from Domino’s anymore! If you’ve had a similar experience, share it here!

The Makings of a Bad Client

I neglected to elaborate on the “bad client” story as mentioned earlier in the week so here are some of the things I learned from a recent client relationship that went bad in a hurry in spite of my gut telling me to avoid it all costs at the outset. Oh well, live and learn right?

Follow Your Gut
Often times on “The Big Idea” Donny Deutsch talks about “when all else fails, follow your gut.” I’ve had a couple of experiences like this since starting my own firm back in 2005, but none was greater than the recent “bad client” I’m referring to.

First off, I’m not a high pressure individual when it comes to doing things for others. I generally figure if you don’t get the value of what it is I’m offering, it’s not up to me to pressure you into a decision you’re not comfortable with. The same can be said in reverse–I don’t respond well to high stress individuals because they’ve got problems well beyond my capabilities and patience so it’s best to avoid these types of people if the project is going to be successful. Every successful relationship I have built in my business has had a few things in common, and clients that trust me/us to deliver is at the top of that list. Unnecessary stress isn’t going to accelerate a thing.

The lady I’m speaking of is extremely stressed out about everything, and she wasn’t having any part of me explaining that it takes 3-6 months for an SEO campaign to produce the results she was looking for. She wanted to be #1 yesterday and wanted to get off of PPC before that. My gut told me “no,” but my mind and ego told me “this shouldn’t be that difficult so let’s give it a whirl.” Bad decision!

High Stress Clients = Low Probabilities of Success
Whenever someone pushes you or your firm to do something outside of the normal deliverables, that’s a recipe for disaster, and it doesn’t matter how well you perform at the outset. The client is always going to think you didn’t do enough or that things could have been done faster or more thoroughly. It doesn’t matter if you can demonstrate documented progress–they expect the moon regardless of how many conversations you have to the contrary. Their subconscious expectations exceed those of their conscious so that manifests itself in the way of complaints, regular daily phone calls, a blown up e-mail inbox, and demands for additional services without additional compensation or, worse, unwarranted refunds. In other words, their high stress contributes to your escalating levels of stress to which no one wins.

Expectations Get Ignored
Regardless of how many times the client agrees that your timeline or milestones are in line with their expectations of the moment, bad clients will turn the tables at the first sign of things not exceeding elevated expectations. The “rules” don’t apply to them because they are “special” (in their mind).

Your Other Clients Suffer
Bad clients sap the energy of your organization to the point your good clients end up paying the price. Bad clients will hound you like a bad date that calls every day and won’t take a hint. Eventually they wear you down, and you consequently ignore your better accounts to oil the squeaky wheel. Again, not a good decision.

Anyway, I hope this helps someone out there. It’s ok to say “no” to a prospect, and you’re probably better off saying that if you sense any inconsistencies with the way you do business and you’re uneasy about the decision maker you are dealing with. After-all, it’s like a dating relationship–you have to deal with this person on a regular basis. More so if they’re a high stress and/or bad client. Breaking up can be ugly and take longer than expected with a bad date, and a bad client is no different.

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