What is fusion marketing? Fusion Marketing is simple really, you do me a favor & I’ll reciprocate – kind of like Barter Advertising – it’s a different way of using old marketing tactics. For example, you put my sign in your store, and I’ll put yours in my store front. To me it’s just a fancy name for helping each other market for free.
It’s not a business model, it’s just marketing.
If you had your choice of events to attend, even a webinar online, what would you want to learn about? What would the event topic have to be to ensure your attendance? Most events cost money, to attend, and to coordinate, setup, and manage, but this event I’m talking about would be FREE!
Most of us buy books hoping to learn the secret ingredient, so we can be a leg up on our competitors. What kinds of books have you been buying, what are the topics that interest you most, and more importantly….where have you invested the most recently to learn something about what you do, or want to do.
We are willing to go to great extremes to learn how to do something, to learn that one thing that will give us permission to move forward, why do we do that, put all that pressure on ourselves? Is it because we want to be with like-minded people, belong to a mastermind group or be in a private membership so no one could figure what you’re doing. If so, stop it, now! The best thing anyone could do, is do the thing you don’t know how to do…why, to learn what works and what doesn’t. You don’t need permission, just do it! Of course you’ll fail, maybe alot, but you’ll do one thing for sure, LEARN.
But if you must attend an event, a seminar, or a webinar, do it, but make sure you put the action in after you have gotten what you went for, or paid for. I love going to events, I love being around people, but I don’t go to events that are merely giving me a warm fuzzy, that’s not good use of time. And you shouldn’t either.
The events question should always be, if I’m being honest with myself, will this event move my business forward, or is it merely a cocktail party? Don’t get me wrong, the cocktail party may give that movement forward, but only you can discern whether it’s the right event to attend.
Back to my opening question, I would like to know what type of event interests you, and what would the topic be to guarantee your attendance? Let me know by filling out the form below:
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Isn’t it interesting how much we hear marketing and advertising have changed, yet businesses continue to use old traditional methods to market their business. Why? because it still works! Direct Mail, Newspaper, Radio, and Television still get the lions share of marketing budgets around the world, amongst all this so called change.
Business owners do what they believe works, not what you think works. They want proven success stories and tangible results, not theory or the idea of better results, it needs to be hard copy. The problem isn’t that marketing and advertising isn’t changing, the change is really being driven by the consumers themselves. It is changing, the challenge is…consumers still respond to old methods, mostly because they have been conditioned to respond to the industrial age ways.
Until the shift from the Industrial Age to the Digital Age is fully complete, we will have to compete in those two worlds, our messages will have to be in both environments, because they make money. After all, making money is what it’s all about in business right? If money is your motivator, you will practice old methods and new, and you will invest more in the one that brings you the highest yield.
There is a thought process that no one opens direct mail anymore, no one reads newspapers, and no one watches TV ads, and yet, they still rake in huge revenues. In time, probably not in my time, this will become true, and the digital formats will be where the majority of budgets are spent.
If business owners had any foresight, they would be building infrastructure and systems to leverage the digital age, they will be ahead of their time. They will be the early adopter, and they will be prepared to receive the benefits at a time where everyone is trying to innovate and implement. It’s really not about checking off you to do list, it’s changing the way you see and think about business. Only then will your marketing will change.
Until then, The Status Quo Continues, is that you, or are you seeing something different?
- The warning signs of defending the status quo (sethgodin.typepad.com)
- The Future Of Business – We’ve All Got The Industrial Age Disease (owengreaves.com)
It used to be, the only way to win at acquiring customers was to buy as much advertising as you could afford. The more you spent, the higher the results. That is and was the traditional advertising model that worked for a bricks & mortar business. Today the game has changed, yes traditional ways still work, not because it’s effective, because it’s what older generations prefer it, and they still have the money.
It’s easy to reach a traditional buyer, just run enough ads on traditional advertising vehicles, and you’ll get their attention. Today the customer with money is getting younger by the minute, and we need to market to them differently. We have to make offers that make us extremely uncomfortable. It used to be, if you wanted to get the greatest reach, you ran radio & television ads, newspaper has never had the same reach. You could run 30 second ads on radio for $30 a piece, but to get the frequency for it to be effective, you had to run more than 3 spots a day. The minimum would be 10 spots a day, because the life span of a radio ad is much like a Tweet on Twitter, about 20 minutes. So to have a successful customer acquisition campaign you had to spend significant amounts of money. The same held true for television, but at a much higher cost, not to run the ads, but to make the ad. Customer acquisition campaigns can also be considered branding campaigns, but they are different.
Today we have the Internet, we can reach more people via the NET than we could with radio & television together, for FREE! I’m not telling you anything you don’t already know, I am wondering why there is still such resistance to it. The resistance has the power to kill your business, and you the business owner must guard against it, not succumb to it.
The challenge with having such great reach on the Internet isn’t the cost, it’s being found, and being heard. Hence, we have a new kind of advertising vehicle like Google, Yahoo & Bing. These powerful search networks have really just adopted the traditional way of advertising for the Internet. If you want to be found, land on the first page, you now have a sufficient budget to have that desired result.
Today you can purchase qualified traffic, which, if you speak to them the right way, will become newly acquired customers. The same challenge you had with traditional mediums, holds true with digital ad networks, you need to dedicate resources to get the desired results you’re looking for.
The secret to customer acquisition today, is by leveraging and Open & Free Business Model, where free is the driving force. Like the resistance, free has the same problem, for reasons unknown to me, entrepreneurs and business owners can’t seem to wrap their brains around free. We understand loss leader concepts, but not free, I suspect the fear of giving something away and not getting paid is far greater than we would like to believe.
Companies that have figured out how to use free, have also figured out how to generate revenue because of it. Companies like Google, Spotify, Skype, Vimeo, Twitter, Evernote, Grooveshark and many more. These companies have proven free works, and they have mastered acquiring customers, they have mastered list building to the 9th degree. It does work, but we seem to have more reasons not to use the model. Whatever the excuse is, it’ll work.
You want to get more customers, give them something they want….for free, and then figure out how to monetize your new customers. The old business models are in the genre of win-lose, the open and free business model is about win-win, where everyone benefits. Mater giving products and services for free, and you will have an entirely new market to sell to. The concept makes sense, it just sounds and feels foreign.
FREE is not the enemy, free is your best friend, learn to embrace free, figure out where free fits in your business, because free is the secret to customer acquisition.
- The Definition Of The Open & Free Business Model (owengreaves.com)
- The Future Of Business – Build Small Loyal Communities (owengreaves.com)
- The Future Of Business – Create. Differentiate. Deliver. (owengreaves.com)
Being creative can be fun, it can also be exhausting, it all depends on how you’re wired, what’s you favorite part of being in the creative zone? For me, it’s trying to find the right message, or to make my product or service different. How do I relate my product or service so that it isn’t like anyone else’s, I want it to be different. Hence, Differentiate.
It’s one thing to create something awesome, it’s another to differentiate it from anyone else selling the same product or service. I believe this is the secret sauce of any product or service you try to sell. How do you differentiate it from all the others that look, smell, and feel just like your product or service. This is also why there are marketing firms in the world, it’s the one area most struggle with, it’s not that easy for most business owners.
The biggest difference between you and everyone else, is you! You are the scarcity, there is only one of you, no one can steal that or duplicate it. Someone can steal your identity in terms of identification, but they can duplicate your personality, you are the genuine you. This genuine you creates another problem, you don’t know how, and you don’t want to promote yourself, it’s uncomfortable, and that’s why you need someone from the outside looking in to handle it on your behave.
I hate pumping my own tires, you know, promoting myself, telling the world how awesome I am, how incredible my product or service is. There are those who love it, but most don’t. Having said that, we need to find a way to fight through uncomfortable feeling, because it’s holding us back from success, no matter what the venture might be. It’s a stronghold in your life, it’s bad self-talk and it needs to be stopped in it’s tracks. I’m not suggesting you be arrogant and egotistical because it doesn’t work. And you most definitely do not want to call yourself an expert or guru.
Surround yourself with creative people who know your work, like your work, even love your work, even if they are spread all over the world. Skype is a beautiful thing. Put those creative people to work on marketing you and your product and services, if you don’t know any, you will find some with a little work. If you have built a following online or in your community, someone in that following is creative and loves your work. Build your team and change the world, differentiate yourself from everyone doing the same thing you are, be the best you can be and let the chips fall where they may.
The same rule applies here as it does with creating something, don’t analyze, just do it, do your due diligence and deliver when ready. Build your team, then get to it. Remember, novelty always sells, but it has a short life span, because novelty tends to wear out fast, sell what differentiates you, that has a longer life, especially if your product or service has a level of need.