Cash flow, creativity, and compassion are not mutually exclusive™

The brand strategy “recipe” plus thoughts on the personal branding gold rush

Two juicy audio nuggets for you, loyal readers. One is a great interview with Amber Singleton Riviere of Upstart Smart Radio (a fab resource for entrepreneurs) on what exactly is included in a brand strategy. We also discuss the all-important difference between a brand strategy and brand and marketing tactics.

The second is our frank audio discussion on the new personal branding gold rush. Seems more and more people are building businesses out of their personal brands. We also talk about things like transparency, niche communities, self-expression, and the importance of authenticity and value.

Cash flow, creativity, and compassion are not mutually exclusive™

What are the brand trends around us?

Just as NY’s Fashion Week wrapped up, I was inspired to pen a blog about the macro-level brand trends I’m seeing – in no particular order. Nothing scientific here, folks. Just some observations from being a brand student – and being the dork that loves a good ad. What are your thoughts to add?

Be careful: like fashion trends, if these don’t ring authentic to you or what you actually deliver, don’t just try to slap a coat of brand paint on top of yourself to stay trendy. We all went to high school and that never works, no matter how many times you’ve seen She’s All That.  Customers will catch on pretty quickly. But see if there are any hooks you can grab onto that you may not have thought to tout about your products or services.

 

  1. Sensible vs. spontaneous: Thoughtful and prudent seems to be the new black, unless you are Camp Vegas. Coming out of the bubble with a raging hangover into the recession, more companies are focused on taking things slow, playing it safe, and doing things with good ole’ fashioned customer service and personal interactions. Popular with financial services companies and banks (and you can understand why, as they do penance for the crash) this also spills over into food brands that get back to basic, natural ingredients and clothing that is built to last.
  2. Responsible vs. green: Maybe this is semantics, but I’m seeing more focus on responsible business practices over truly green products and brands. Hyundai touting that they give back to cancer, Bill Gates convincing multi-billionaire friends to leave money to charity, customers focused more on company ethics than company recycling. Again, possibly due to the recession and what we went through with corporate greed, but it’s not enough (or easy, according to Kermit) to be green: You need to be honest, straightforward, good to the community and treat your employees right, too.
  3. Experienced vs trendy: Another recession hangover. I’m seeing more companies tout how long they’ve been around, how many customers they serve, etc than if they are “hot” right now. It’s like the Internet bust all over again, with companies trying to distance themselves from dot-coms. There seems to be a big “throwback” theme trying to harken back to a simpler time…..like 1995.
  4. Value vs. luxury: It’s not about high-end extravagance – and that seems to be a bit of a dirty phrase as big corporations cut their expensive boondoggles last year (thus decimating the hotel industry and forcing layoffs there, but that’s another story…) It’s all about how long something will last, how durable it is, how well it will fit your life. Sort of related to #3 in a slightly different flavor. Audi is doing a great job with convincing us that they are a car who has both compared to Mercedes and BMW.
  5. Shoe-shopping fashionistas vs. strong, serious women: Maybe this is a personal observation but Chick-Lit and the Sex and the City Gals seem to have fallen by the wayside. Have you seen the crop of new TV shows starring gun-toting, take-no-crap policewomen, detectives, US marshalls and spies? I just wish they’d bring Alias back.These women have a purpose fighting crime and locking up the bad guys – not just trolling for a Manolo sale. Again, such pragmatism over consumerism seems to be a recurring theme. And while the new female action heroes may still look great, they could crush you with a well-turned twist of their stilettos. Carrie Bradshaw could never do that.

What do you think? What trends are you seeing in branding or advertising? Let me know in the comments.

Cash flow, creativity, and compassion are not mutually exclusive™

Which problem is killing your business?

As a new book author, I have learned a ton about the publishing industry over the last year or so. I’ve pretty much been riding by the seat of my pants and unspoken rules are revealed to me each day, much like an onion shedding its layers. I used to think publishing a book was fairly straightforward – and it can be if you self-publish and have millions of devoted fans ready to devour your product. But you have to work to get to that point, as Seth Godin just announced: after millions of best-selling books  he’s able to bypass the traditional publishing establishment and self-publish direct to his legions of fans.

Sure, anyone can do this. But do they have the base that Seth has to make that a successful proposition? Well, guess it depends on what your goals are and the size of your tribe.

Putting all that aside, I’ve heard a lot of hoopla casting eBooks, Kindles and iPad’s as the assassins to the traditional brick and mortar stores and your lovely independent bookseller around the corner; That publishing as we know it is a dying due to the new vehicles and opportunities that people with good ideas have for spreading their words.

Well, I have a different theory: it’s not these new technologies or shrinking margins that are going to kill the traditional publishing-bookseller industry: it’s going to be their willingness to adapt and get the heck out of their own way. I present my exhibits to the court below.

Is your business suffering from any of these ailments? If so, better change course before it’s too late:

Exhibit A: Refusal to Acknowledge: At the recent 600 person Pacific Northwest Writers Conference, the elephant in the room was self-publishing and alternate options. While the conference focused heavily on how to sell your book, build your marketing platform, etc, two funny things happened: A breakout on alternate publishing forms erupted in a minor mutiny when attendees demanded to know why the conference was focused on the “song and dance of pitching to big agents and editors” but no one was talking about eBooks and self-publishing as credible options. In this session, a so-called book marketing expert even said: “I don’t believe in social media or authors needing websites. It’s a waste of time.”

Is there a market change or customer need that you are ignoring or refusing to see to protect the status quo?

Exhibit B: Refusal to Adapt: In the large editor panel, I asked what they thought about the long time to market when going the traditional route when I was able to publish with an independent press from contract to book in four months? The response: “Given that reviewers want galleys 3-6 months in advance of the publishing date means you’ll always need a long lead time. Plus it helps with quality control and editing.” Really? The reason we are not going to adapt the model is because the REVIEWERS (Publishers Weekly, et al) won’t adapt their models to current market dynamics? By the time my book’s “galleys” were ready, so was the final book!

Are you allowing the tail to wag the dog when it comes to adapting your manufacturing, marketing or distribution model – instead of adapting to what your customers want and need?

Exhibit C: Refusal to Trust: I had to convince my publisher to post an excerpt on Scribd. She said she’d heard bad things about it and forwarded me an article about an author suing them for copyright infringement. I explained that Scribd itself did not pirate the work; someone else must have posted it and that Scribd is just the channel (like YouTube). I also explained why we should get in front of it and post our excerpt ourselves to control the marketing and message. After all, Chapter 1 is already available on the publisher’s website: What’s to stop someone from stealing it from there? At least on Scribd, people will actually see it who would purchase the book. This fear of piracy and infringement is real, but the upside of promoting the full book is so well worth it.

Are there marketing channels (like social media) or new technologies you are ignoring out of fear, when they could be prime ways to reach your customers?

Exhibit D: Refusal to Coordinate: Because my book is a short run printing (my publisher is not Random House and doesn’t print 50,000 at once) it is listed in a separate “small press” database (DB) on Ingram, one of the distributors in the business. This same DB houses self-published and Print on Demand (POD)  books, and the retail bookstore chains refuse to carry those, mostly because of the lack of return policies and quality concerns. We had to make it very clear to local booksellers that my book is NOT a POD or self-pub and that it’s 100% returnable to convince them to carry a local author. Borders in downtown Seattle agreed and I just did a signing there; Barnes & Noble, however, marked it as POD in their system and the stores are saying they physically can’t order such books through the system and we have to talk to NY. NY has said they will fix the issue, but that the stores are wrong and can order anything they want. I’ve since learned that basically forward-thinking managers can “go rogue” and order the local authors their customers want but it’s not “policy.” We’re stuck in the middle  – trying to give local booksellers great content and signing events to help them boost sales. So now Borders gets me for a signing, while B&N competing down the street can’t get out of their own way. Borders even told me, “People are craving local authors right now – similar to the local food movement!”

Are you not communicating effectively with multiple locations, partners or employees to the point that the only people who lose are your customers? Are your policies getting in the way of you staying competitive or giving your customers what they want?

Cash flow, creativity, and compassion are not mutually exclusive™

A whole lotta entrepreneurial inspiration and advice–in one sassy package

Cori Padgett is a fierce gal with moxie to spare.

I’ve had the pleasure to get to know her and her Big Girl Branding community recently. She graciously gave me one of the spiciest book reviews thus far, and highlighted Red Slice with some guest blog posts.

Well, now she’s gone and outdone herself. She’s recently compiled Entrepreneurial Wisdom, a collection of interviews from over 60 entrepreneurs, including me and some people way outta my league. Cori has collected their wit, wisdom and secrets of success in one tidy little blog post and PDF…for free. Talk about generous. I have learned so much from the successful folks in this interview: Mike from The Toilet Paper Entrepreneur,  Dan Schawbel from Personal Branding Blog, Danielle LaPorte, Lisa Barone from Outspoken Media….the list goes on.

Cori asked everyone the same three questions:

1. What is your best advice for soldiering on as an entrepreneur in the face of mind-numbing adversity?

2. What is the biggest mental roadblock you had to overcome on your path to being an entrepreneur?

3. What do you like best about living the entrepreneurial dream?

Check it out for some inspiration, wisdom or to light a fire under your butt…and your business.

Cash flow, creativity, and compassion are not mutually exclusive™

Five Brands That Stand the Test of Time

Guest post by Britney Baker

Many companies and brands have been a flash in the pan, remaining highly profitable for several years or even decades before they eventually fell by the wayside. Others have fallen foul of bad economic conditions, mergers, takeovers, and other business hurdles. Some, however, stand the test of time. Here are five of the most successful and recognizable companies with a long and and illustrious history behind them. They have survived two World Wars, the Great Depression, and the current economic crisis, and they serve as an inspiration to current business owners that it’s possible to persevere in the face of adversity.

1. Ford

Ford Motor Company was first founded by Henry Ford in 1903. Amazingly, 107 years later the company is still the most successful American automotive company. As Japanese companies like Toyota and Honda made in-roads into the American market, Ford’s place in the United States stayed very sturdy as it expanded internationally. The company managed to weather the current recession and turn a profit while other struggling American automakers had to ask for government intervention.

2. Coca-Cola

This soft-drink giant started as a very small company offering a medicinal elixir for a mere nickel in 1886. The company quickly switched gears by altering its product for non-medicinal consumption. The world of beverages has never been the same. Not only has Coca-Cola been extremely popular in the United States, but its presence internationally is staggering. Very few companies can say they sell their product in over 200 different countries.

3. Hershey

The Hershey Company began its existence in 1894. Not only is it the oldest chocolate manufacturer in the United States, but it is also the largest. Hershey chocolate bars and Hershey Kisses have stayed relatively the same product for generations; however, they still remain two of the most popular choices with chocolate lovers to this day. On top of that, the company has introduced plenty of other successful chocolate and food based products over the years. The company will certainly endure for years to come.

4. Kellogg’s

Kellogg’s is a company that began its existence in the tiny town of Battle Creek, Michigan in 1906. 104 years later, it is the largest provider of cereals in the world. Not only has Kellogg’s Frosted Flakes and its other cereal brands remained some of the most popular in the world, but the company has also greatly expanded into other food based markets. Today, the company competes strongly in the market for breakfast foods, snack foods, cookies, crackers, and even vegan foods.

5. Heineken

Heineken has been a very popular beer choice for many since 1873. Heineken International started as a relatively small company in the Netherlands. Since the late 1800’s, the company has expanded exponentially. Today, the company owns 119 different breweries and sells its product in 65 different countries. What is amazing is how well this European brand of beer has made in-roads in the United States. As a brand, it is often thought of as a hip beer choice in comparison to the much more American brand, Budweiser.

Britney Baker is a freelance blogger who also writes for Prepaid Cellphones.net.

Cash flow, creativity, and compassion are not mutually exclusive™

Battle of the Eco-Markets: Whole Foods vs. Metropolitan Market

Guest post from Red Slice intern Suzi An

I am a Whole Foods fiend. I shop there every week, I read their blog on a daily basis, and I tweet about them constantly. In fact, Whole Foods is the reason I am going to a University; I wrote my college essay on Whole Foods. Now, I live in Queen Anne where two Metropolitan Markets exist. I tried to do the whole Met Market thing but I could not break away from my Whole Foods. Aesthetically, the Met Market’s exterior is pleasing. I am greeted by bundles of different colored flowers and stacks of in-season melons. But once I walk inside, I see minimal selections of everything from dairy to bread and I’m greeted with the smell of grease from the deli. I walk over to the produce section and I see small apples for over $2 a pound and vegetables that do not look so bright. I peruse the aisles and find that I could find the majority of their products at QFC (which is closer to where I live than Met Market). Where is the exciting marketplace that their mission promises? Everything looks generic and bland to me. The florescent lights blare down on my face and I know I do not look good in this light! I was led to believe that Met Market is a supporter of our local farmers but instead they focus on world-class products, which explains the higher prices. My experience at Met Market has been a bit depressing and underwhelming. Then I start checking out and I regret everything I just purchased. With maybe about eight or nine items, my total cost is around $80. I feel like for the amount of money I paid, I should have received much more.

Contrast this with my experiences at Whole Foods which make me feel like a better person. The minute I walk into any Whole Foods, I’m met with the smell of fantastic foods that are being prepared for customers. I walk through the pastry aisles and see a wide array of choices that I usually skip over it because it does get overwhelming from time to time. I then walk through the produce and fruit section where there are great looking colorful carrots on display among asparagus, kale, and swiss chard. The arugula looks amazingly fresh and crisp and I can smell the bananas and pineapple drifting toward me. I then walk to the bulk aisle but get distracted by the seafood section. The fillets of fish are glimmering and look so moist. The fishmongers are attractive and give you a smile as they shout out if you need any help. I weave in and out of the middle aisles until I finally backtrack and head towards the meat department. My mouth begins to water. All the different meats are carefully displayed and my attention goes to the rack of lamb. It sits there so deliciously that my mind wanders into the land of cooking possibilities. After I am done with my shopping escapade, I wobble towards the check out lines with my heavy groceries. My total comes out to be around $70.

Let’s reflect back on this for a moment: I bought fair trade bananas, organic, local, and GMO-free produce and fruits, preservative free products, and hormone-free, antibiotic-free, meats, along with many other snacks. Not to mention there was a fantastic sale on their pretzels and yogurt. I basically bought a good week and a half worth of groceries for less than what I had spent at Met Market, where I experienced lame service (except for the fishmonger, he was very nice) and a generic shopping experience. If I’m going to spend that much money at Met Market, I expect something more than just an average grocery market.

I appreciate the effort Whole Foods puts in to connecting with their customers and making them feel like how they shop makes a difference . I love the fact that every time I tweet about them, I receive a response. I love how the staff actually gives you recommendations and thanks you for bringing in your own bags while you are bagging your own groceries. You may say I’m obsessed, but the experience I receive at Whole Foods will make me a lifetime consumer  – and loyal raving fan.

Cash flow, creativity, and compassion are not mutually exclusive™

Why I chose Droid over the iPhone: A college student’s perspective

Guest post by Red Slice intern, Suzi An

I traveled to Los Angeles for ten days in early July for a class that I took during the spring and I somehow ended up having my phone stolen five days into the trip. Once I returned back to Seattle, I immediately went to purchase a new phone. I was met with a dilemma: be connected constantly with a smart phone or have a simple phone that performs the necessary functions. As a college student, I feel as if I am missing out on having a smart phone because everyone around campus would be walking around with their fancy phones that could do a million things while my phone struggled to keep up with me. Maybe it was fate that my phone magically disappeared because I was immediately drawn in to the world of a thousand possibilities in the palm of my hand.

When I walked into the retail store, I noticed that T-Mobile had a wall dedicated to shiny and sleek Android phones. Being attracted to sparkly and shiny things, I ended up walking towards the long white wall and staring at a cell phone that essentially looked like the iphone but in Samsung form. I was mesmerized. All thoughts of buying a non-smart phone had completely vanished into the consumer’s abyss. I knew that because T-Mobile does not carry iphones, this was the closest I would ever come to own such a device. My mind flashed back to the TV ad campaigns that Android had put out within the year. All I could think of was what the Droid actually does. The high-tech machine robot in all the commercials had gotten me intrigued by all the possibilities that this phone could do. I carefully pick up the sleek phone and the bright screen turns on. I tap the screen and see that the fallen-leaves-on-water wallpaper moves as if my finger had dropped into the water. It was a little much for me but it was fascinating to see this phone interact with me. I then see all these different applications that were on the screen. I slide through at least 8 screens where each was had at least two apps on it. Long story short, I made my decision in less than a second. I wanted a smart phone just like everyone else so that I could check the weather or stalk people on Twitter or play awkward games like The Moron Test (which I passed, I’m not sure if that means I’m a moron…).

Obviously, I purchased this ridiculously expensive phone and my friends and I compared it to the iphone and their ad campaigns. Now, when most people think about the iphone, they think of AT&T, poor reception, and dropped calls. There is no image that I associate with the iphone, other than the sleek Apple whereas with the Android, I associate it with a hi-tech robot that is able to do everything I want it to do. That’s not a very positive way for the iphone to be perceived but no one seems to care because it’s an Apple product. It is highly desired, easy to use, and profitable. Apple products are undoubtedly popular among college students and because the iphone came before Android, Apple is going to win over customers because people are familiar with the brand. Apple practically infests my campus (to which I undeniably contribute). Although I am a huge Apple fan, I cannot seem to shake the Droid away. It most definitely Does. I’ve spent more time fiddling with my Droid than I have with any iphone. The Droid commercial lives up to its name and I get excited every time I see the small green robot pop out of the corner of my screen. It is as if he’s saying, Hello, I’m here to make your life easier.

Cash flow, creativity, and compassion are not mutually exclusive™

St Germain: The Virgin America of liqueurs?

Guest post by Red Slice intern, Suzi An

How often do you hear about Elderflower liqueur? I’m not sure I knew what Elderflower was until last week. Which is unfortunate because that’s from what St. Germain is made. My first experience with fancy liqueur was at the beginning of the year when a bartender at Via Tribunali placed a small glass of something in front of me.

“What is that?” I ask.

“It’s St. Germain,” says Andrew.

I dunk my nose just below the rim of the glass and began to sniff.

“Why does it smell like lychee?” At this point, I’m confused but intrigued by the sweet smelling liqueur.

It wasn’t until last month that our paths crossed once again. But this time, I saw the actual bottle. Have you seen this thing? It is possibly the most elegant bottle of alcohol I have ever seen. It’s a tall, heavy glass bottle with six sides and a color scheme of navy blue, gold, and if you look closely, light turquoise. Even the cap is elegant and refined. I then proceeded to read the little booklet that was attached to its neck that relayed the story of St. Germain. Think about a French man riding his bicycle in the Alps to gather the delicate flower by hand. He then rides his bicycle down to the local market. There are only 40 to 50 of these men who make it possible for the rare liqueur to be made in a given year; hence why St. Germain is rare and a bit pricey. I flip the page and that’s when the sassiness began:

To put this into context, we can safely say that no men, bohémien or otherwise, will be wandering the hillsides of Poland this spring gathering wild potatoes for your vodka. Likewise, we know of no Bavarians planning to scour the German countryside in search of exotic native hops and barley for your beer.” I love that they are so confident in their brand because they know it takes much effort to make such a rare liqueur. Furthermore, they are proud of their brand because of the craftsmanship aspect of it. You can tell by their word choice. Again, brand communicated verbally is just as important as anything visual.

Neither passionfruit nor pear, grapefruit nor lemon, the sublime taste of St. Germain hints at each of these and yet none of them exactly. It is a flavor as subtle and delicate as it is captivating. A little like asking a humminghbird to describe the flavor of its favorite nectar. Très curieux indeed, n’est-ce pas?” Very curious, indeed, is it not?

Very curious. Beyond curious. I’m fascinated. The reason why I say St. Germain is the Virgin America of liqueurs is because of the sassiness and the experience they promise. Virgin America flies to limited places, St. Germain has limited quantities of their liqueur. Virgin America promises to make flying fun, St. Germain promises to make you feel sassy and sophisticated. Virgin America’s tone is that of St. Germain. Both are fun and snippy.

In the same booklet, there are pages of recipes that contain even more fun little surprises than the brand story. For example, at the end of the directions for the Sangria Flora, it says, “Serve in an iced-filled glass, then telephone your physician and regale him with stories of your exemplary fruit consumption.” I chuckled as I read that. As I closed the little booklet, it was as if a whimsical soirée had come to an end. I wanted to go back and read through the whole thing like a party I just didn’t want to leave. I wanted to feel like I was enjoying a warm summer night eating delicious French food with my closest friends, as we dine by the dim lights hanging from the trees around us. My experience with St. Germain is not about the liqueur; it’s about the brand, the story of how it came to be, the way it interacts with me, and the way the brand makes me feel. I don’t think I could say that about any other alcohol brand.

Cash flow, creativity, and compassion are not mutually exclusive™

Back to Brand School Contest: Are you in?

Summers winding down – is your business ready to get back to school? I’m officially declaring August 31 “Back to Branding School Day.” We’ve got connected folks all over the social media sphere promoting this day and offering some goodies. Myself including….read on!

To celebrate the rolling success of Branding Basics for Small Business, I’m offering a little contest. Best answer receives a free signed copy of the branding book to help them craft a strong brand strategy for themselves, stand out and attract rabid fans. Here’s what Midwest Book Review had to say:

What makes your business unique, something that stands out from the pack? “Branding Basics For Small Business: How to Create an Irresistible Brand on Any Budget” is a guide to branding and how it can literally be the deciding factor on the success of business. Brands make connections with customers, keep your product in mind, attract employees, and keep a business strong. “Branding Basics for Small Business” is a wise and recommended read, not to be missed by any small business.”

To win, answer this question in the comments: What is the best piece of branding advice or branding lesson you have learned and why? If there is story behind this, please share. Sharing such lessons helps us all learn how to build better businesses. You don’t even have to be a business owner but perhaps a marketing professional or corporate employee.

Best answer wins a book! Enter by midnight PST on Wed, Sept 1, 2010.

Cash flow, creativity, and compassion are not mutually exclusive™

Don’t let your social media campaign just die on the vine

Guest post by Red Slice intern Suzi An

Californication is one of my favorite television shows. Naturally, I am going to ‘Like’ the show’s page on Facebook. But ever since the season ended, there has been no interaction from the page’s administrators. It’s a complete dead zone. I then began thinking about all the other brands or products that are on Facebook and Twitter that abandoned their audience. For instance, I follow Citizen on Twitter. Citizen is a small chic restaurant that I absolutely love going to and it’s right down the street from where I live. The reason I follow them on Twitter is to hear about their specials and new items on the menu. But their last post was in March. It’s almost September and I know that they had many changes to their restaurant, like building a new patio area to fit more people. This is absolutely Twitter worthy, yet they have failed to mention it to those who follow them. The point of my story is, if you are going to make your presence known in the social media world, you must plan for whatever happens, whether it is your campaign coming to an end or if it naturally closes. A few thoughts:

  1. Plan ahead of time your exit out of the social media world: Once you have entered the cyber world, it’s almost impossible to completely get rid of any trace of your campaign, brand, product, etc. Think of it as verbal communication. You cannot take back what you have already said. It’s important when planning your debut in the social media world to also plan what will happen at the end of your campaign. Will you keep your account and look after it for other long term uses or will you simply delete the account?
  2. Manage the transition: If you do decide to keep your page, even if you are on a brief hiatus, it’s extremely important to communicate with your audience. I understand that Califorication is on summer break until the next season, but I would like to be up to date on what is going on, such as knowing when the start of the next season is or what to expect in the new season.
  3. Thank those who made it possible: Investing time into creating a community surrounding your product takes much time and effort. If you decide to delete your page, you may want to direct people where you want them to go next, like a cliffhanger. Never leave without thanking those you supported you because they will feel abandoned.

Although I would hate to see any brand disappear from the social media world, I understand that sometimes it wasn’t meant to be. But there are several brands and products on Facebook that do a fantastic job of keeping their audience updated. Silk is a product and brand that I ‘Like’ on Facebook and I always see updates on new recipes or the audiences’ opinion on certain things. Do some light research and see how these brands and products are keeping their audience hooked. You could use what you fin to help you in your own social media campaign. After all, the last thing you want is to break up with your audience by just abandoning them without an explanation.