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Saturday, November 5, 2016
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Tuesday, September 13, 2016
When does an idea become an innovation?
When it’s implemented. That’s the easy answer. And the
hardest part. Ideas are the offspring and the wellspring of creativity.
According
to Wikipedia: “Creativity is a phenomenon whereby something new and
somehow valuable is formed. The created item may be intangible (such as an idea, a scientific theory, a musical
composition, or a joke)
or a physical object (such as an invention, a literary work, or a painting).”
Something new, and something valuable. When creativity moves
a business forward both are critical. New because it defines and gives
differentiated meaning to your brand, your product or service. And valuable,
for obvious reasons – to increase sales volume, to sell new things, to sell
into different markets and to new customers, or to surprise the heck out of
your current customers by understanding an unmet and unstated need, and to sell them (those who already know and love you) something new.
You know that person, that leader, that colleague, or consultant who always has the craziest ideas? That’s the creative mind. But that doesn't mean they can innovate.
They are the ones who have the ideas. Getting the
ideas out from their big brains, breathing life into them, understanding all
the inherent and hidden and never-before-explored challenges in making them
real is another set of skills completely. That takes putting them (the
ideas) to work. And the greatest, coolest, most breakthrough ideas only become innovations
when they are put into practice. Having been the one with ideas in too many
situations to count, that’s the hardest part.
It takes committing to design thinking, moving fast, and
getting messy.
- Create. Build. Prototype.
- Learn. Iterate. Repeat.
Fast, faster, fastest. Your creative idea is great, no, it’s
amazing. Hold on to it and at the same time look deeply at all the non-creative
things necessary to get over the hurdles to implementation.
Logistics. Legalities. Partnerships. Timing. Internal
politics. Competitive forces. These are not the sexy stuff that ideas are made
of. And they are very real on the road
to implementation. Without them, it’s just another cool idea.
So dig in and do the hard parts, after you get over the glow of having the idea. Don't let your creativity die on the boards. As Oliver Blume, CEO of Porsche recently wrote, "NO matter how great an idea is, it's not an innovation unless it advances a company."
Labels:
#creativity,
#ideas,
#innovation,
#marketing
Wednesday, August 31, 2016
Your brand story. And why should it matter to me?
“We’re the lowest priced single-family detached, non-motor
court product.”
“No two homes are the same – they are all different. Some
have bedrooms with bay windows, because of these bump-outs. Others don’t. Nothing
is cookie cutter.”
“Two of our plans have full-sized driveways, so you don’t
even have to deal with the motor-court at all.”
Compelling, motivating reasons to buy a home in a new community?
Or details I maybe didn’t know or need to care about, until that seed of doubt
was planted. True story, experienced when
shopping for homes in a new planned community.
Stories that tell me nothing about the community itself, and
give me reasons not to buy each specific home. Unintentional for sure, but a
missed opportunity to connect with me. To understand me. What my situation is.
What my needs are. Armed with that knowledge, the salesperson would have been
able to understand exactly how their homes (not “product”) could make my life
amazing. And why this community offered the lifestyle I crave.
Without that, the experience is like a doctor prescribing a
medication, before they complete the diagnosis. Maybe I don’t need that
anti-depressant. Maybe it’s the anti-inflammatory that will fix my strained
Achilles tendon?
And it all comes down to the story being told. Even industry
giants like IBM are on board with the power of story in business. Mary Winans,
CMO of IBM explained in a recent AdAge article why they are hiring
Hollywood screenwriters on staff, in-house. To tell their story, in ways that
will connect with all their various customers. And to pay attention to the
narrative arc – what comes first, how does interest build, then how does it
end, leaving you wanting the sequel?
IBMs’ Winans said it best, “We’re getting better at not forcing
a discussion about product too early in the process. Before we introduce a
solution, we want to make sure we really understand a particular prospect’s
challenge.” (Find the full interview here: http://bit.ly/2bKjqoD).
The best stories connect on a personal level. It’s what makes
storytelling a very powerful tool in business, turning what you sell from a commodity,
into an experience people want. Next
time you have the opportunity to talk with one of your customers, try switching
from the old model: “We sell __________. They are made of the finest
________, with the finest ________. Want to buy one?”
Instead, try asking a few questions, and then listen to your
customers before you hit the play button and launch the script about what you
are or are not. Start with the why you do what you do. Then tell them how
you do it. And only then, tell them the what you do.
Tell your story. And make it a good one. You know it will be
shared!
Labels:
#brandstory,
#community,
#customer experience,
#marketing
Tuesday, August 9, 2016
Community forms in all the right places - and my found $5 bill finally finds the right home.
After a little over two years in my safe keeping, the $5
bill I found randomly tucked into the rim of a baseball cap in the Life is good
store in the Seattle-Tacoma Airport has finally found its rightful, deserving
home.
Read about how I first found the $5 bill here: http://tstinkthink.blogspot.com/2014/07/paying-it-forward-shows-up-in.html
About 4:15pm on an overcast and not particularly nice Monday
afternoon I headed out for a walk to clear my mind. I passed a gangly teenage
boy with his bike, struggling to make the tape on a cardboard sign stick to a
streetlight post. It read, “On Sidonia Street – LEMONADE”. Red felt pen on a piece
of cardboard, hard to read for sure, never mind at 50mph. But at my pedestrian scale and pace the message was clear.
The tradition of the summertime lemonade stand lives on. But
it took on an even deeper meaning. Here was this kid on a Monday, 4:15pm,
overcast, with his lemonade stand fully 500 feet back, and even up the crest of
a hill further away from his sign, with zero sightline from the road, putting
in his time and ideas in the hopes of making money of his own. #entrepreneur
I altered my planned walking route, turned around and picked
up the pace home, hopefully before the last glass of the day was poured, to
retrieve my $5 bill. I’ve carried that bill on probably 50 trips since finding
it. All over the country, to Canada, to Mexico and to Japan last month, looking
for the right reason to pass it on. Today I found it.
Meet Noah, on the right, holding his $5 bill. He’s 15. And that’s his buddy
Charlie on the left. He’s 13.
I told them the story of the $5 bill, where and
how I found it, and what it meant to me. I told them the responsibility I felt
to give it away to just the right person. They told me today was their first
day in business, and it was a dry run for a busy sunny Saturday or Sunday when
they’ll serve more people. They had to work the kinks out. And they described their market area a.k.a. community. "It's a great street," said Noah. "Lots of people walk here and everyone is really nice".
I asked how sales were. “We’ve been open about 30 minutes
before you got here and we have $3 so far. Now $8,” said Noah. Then he
volunteered, “I know, our sign is in the wrong direction and it’s hard to read.”
I handed him the thick black Sharpie pen I had brought as well, so they could
make their message more readable.
And for $5 I had the best glass of lemonade ever. They were
serving 2 choices, a small white cup, or a larger red cup, and the choice of
regular or pink lemonade. Noah poured me a big red cup of pink lemonade,
complete with ice.
Best pink lemonade, ever. |
As he slipped the well-travelled $5 into the plastic money
box on top of his lemonade stand his shy smile said it all. He was proud of
being in business and doing something on his own. And to me, Noah was not just an excited new entrepreneur, but a metaphor of a positive future. One Noah at a time, doing what he does, with pride and commitment builds community.
I left knowing the $5 I found two years ago was finally
where it was meant to be. And it truly made my day. Maybe my week.
Labels:
#awesome,
#community,
#entrepreneur,
#hardwork,
#lemonade,
#leucadia
Saturday, July 16, 2016
Slower Growth Demands Creating New Demand
Just read an article by one of my favorite futurists and big thinkers - J Walker Smith, of The Futures Company and it made me think and embrace the role marketing has in driving business growth. It's less about projecting and pro-formaing annual increases in appreciation for products sold by the business. It's less about financial modeling and those equations. That is the traditional strategy for success in a high growth economy - when there is an expanding pool of more people able to pay a higher price for your products sold. Modeling and projecting volume and velocity of increases. That worked in a high growth economy.
The article makes a powerful case that the slower growth we are seeing is not a down cycle soon to rebound, or a "slower than expected recovery". J Walker Smith and team lay out how and why the economy has been shifted to a lower set point that will persist, and any cycles will go up and down around this set point. Enter marketing, and the huge job of creating new demand. Slower growth is a consumer disruption of demand. Growth won't come from more people willing to pay more for what we sell. It will come from expanding our product and business offerings within this bounded, constrained market a.k.a. from creating new demand, not following previously predictable economic trends and projecting aggressive growth rates.
Our job is to rethink and reshape markets constrained by the cycle of slower economic growth reduces consumer spending - weaker consumer spending reduces economic growth.
How?
The full article is here, http://thefuturescompany.com/defying-gravity-sources-of-growth-in-a-slower-growth-global-economy/ and worth the read. It's one of the best my marketing mind has read in some time about what we all seem to be referring to with phrases like, "The economic recovery has been slower than we projected", or "we projected higher increases in the recovery than we are seeing", or "we're still not back to the normal markets before the crash", or "the new normal".
It's a siren call to marketing types in all industries to use your powers of observation, your ability to connect disparate pieces of information and find the "so what factor". Find a way to ask "how might we" when you see a glimmer of new potential demand. And, take the hill. The future of business depends on it. We can count and model money all day long. It's going to get more difficult to make it.
The article makes a powerful case that the slower growth we are seeing is not a down cycle soon to rebound, or a "slower than expected recovery". J Walker Smith and team lay out how and why the economy has been shifted to a lower set point that will persist, and any cycles will go up and down around this set point. Enter marketing, and the huge job of creating new demand. Slower growth is a consumer disruption of demand. Growth won't come from more people willing to pay more for what we sell. It will come from expanding our product and business offerings within this bounded, constrained market a.k.a. from creating new demand, not following previously predictable economic trends and projecting aggressive growth rates.
Our job is to rethink and reshape markets constrained by the cycle of slower economic growth reduces consumer spending - weaker consumer spending reduces economic growth.
How?
- Look at the demographic shifts in who has money today, shifts in social values and impacts of technology - it's at the intersection of these and other factors where new pools of potential can be created
- Look at the cultural edges - it's here where leading edge consumers live and are doing their part shifting cultural and social values - and in so doing changing what customers judge as a value proposition. That shift can create seismic new product opportunities.
- Look at the disruptors - outside your industry - for the risk-takers disrupting other industries, and not just for entertainment, but as inspiration to change your business model. And then change it!
The full article is here, http://thefuturescompany.com/defying-gravity-sources-of-growth-in-a-slower-growth-global-economy/ and worth the read. It's one of the best my marketing mind has read in some time about what we all seem to be referring to with phrases like, "The economic recovery has been slower than we projected", or "we projected higher increases in the recovery than we are seeing", or "we're still not back to the normal markets before the crash", or "the new normal".
It's a siren call to marketing types in all industries to use your powers of observation, your ability to connect disparate pieces of information and find the "so what factor". Find a way to ask "how might we" when you see a glimmer of new potential demand. And, take the hill. The future of business depends on it. We can count and model money all day long. It's going to get more difficult to make it.
Labels:
#jwalkersmith,
#marketing,
#thefuturescompany
Thursday, July 7, 2016
Dear World.
Dear World.
Tears drip from my fingertips onto my keyboard tonight. #Dallas. 12 officers shot. 1 civilian. 5 dead. It has to stop. There are only so many times Facebook profile pic badges can honor the senselessly lost.
Dear World.
It used to be horrific events would happen rarely and infrequently enough that I would remember where I was at the exact moment it happened. The Space Shuttle Columbia explosion, I was in the tunnel at Carleton University, first year Journalism student. Oklahoma bombing, it was my brother's birthday, April 19th. Columbine, I was just finishing a press check on a brochure for a client. 9/11, I was starting my day at my marketing agency and client/friend, Stephanie was on her way to the airport in Vancouver and called me to tell me why her flight was cancelled and to turn on the TV. Virginia Tech shooting, I was checking into my hotel in Raleigh and the front desk clerk told me. Sandy Hook in Newtown, I was at work in San Diego. Boston Marathon, I was on a conference call with the Tampa team, in my office in San Diego - it was a sunny day.
Now there is an event as awful as this it seems once a week. Charleston, SC. San Bernardino, CA. Paris nightclub. Roseville, OR. Orlando, FL. These are the ones I remember from the past few months. NOT the ones I can never forget. The balance has tipped. What once was a rare, shocking occurrence has become a shockingly common one.
This week alone: Turkey airport. Bangladesh coffee shop. Baton Rouge, LA. Minnesota, MN. And now Dallas, TX.
I will walk into the office tomorrow, past colleagues who will be staring unemotionally and blankly at the big screen TV on the wall as they wait for their coffee to brew. Some will ignore them and walk past. Others will stop and engage, and pass judgement and predictions about why this happened and who's to blame.
One of our co-workers is in Dallas tonight, with her son in a national fencing championship - he came in second in his age class. They are staying a few blocks from the Dallas events. I texted her to check in. She was calm, trying to get her son who was very upset ("My son is flipping out. I need to play it down because he's a mess") safely back to their hotel after enjoying a baseball game. No mother should feel that. No child should feel that fear. No mother should lose their child (and 5 did so far tonight) to the violence we experience daily.
Dear World.
Please resist the cause-effect flawed equations. Please resist placing blame, and inflaming the anger that is so prevalent. Please resist drawing conclusions to reinforce a position, or god forbid make it a political statement in this crazy time. As leaders - and all of us are leaders in our own way - whether as a parent, a business owner, a manager of people in an organization, or just someone the guy at the local coffee shop talks to, we need to change the discourse. There is far too much anger, hatred, judgement, and just pure frenzy.
As leaders, we need to speak, teach, and act tolerance, compassion, kindness, patient, love. Anything but the spread of judgement and hatred so much a part of the dialogue today.
Dear World.
It has to stop. Make the screaming and pain and violence stop. We are much better than this.
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