The Corporate Branding Triangle

Starting out a new business can be a daunting task, especially for people who are neophytes and dont have any knowledge in the ins and outs of business. If you are thinking about putting up a company or introducing a new product, you would soon realize that having a perfectly good product is simply not enough to survive in business. Developing a strong corporate brand is equally important in order to penetrate in a highly competitive industry.

Creating a brand name can be a very painstaking, understandably so since the brand would be primary identity of the company during its entire operation. Before you start brainstorming and conceptualizing, first you have to understand the full concept of the corporate branding triangle. Taking time to be acquainted with the basic principles of the corporate branding triangle would certainly help in developing a powerful corporate brand.

Similar to a triangle model, the corporate branding triangle has three important points. Since the corporate brand will certainly be the first important impact on consumers, it should be given a certain degree of value. So here are the three important points that make up the corporate branding triangle framework:

Brand Outside

This generally gives stress to the companys relationship outside the organization, particularly to the consumers. To be able to achieve a strong corporate brand, consumers should be aware of the existence of a product or service in the market. Advertising plays a very big role in helping companys develop a high rating on consumers brand recall. It you are introducing a new brand in the market, it is important that people would know what it is, who can use the product, how to use it, and where they can buy it.

Brand Inside

There are several companies who dont invest time to orient their people thoroughly on their products and services, especially those who are not in the marketing and sales department. This is quite an important aspect that should not be overlooked since how would your people sell their products effectively, if they dont even believe in it? It is important that they do not only trust in the brand, they should use it in order to create conviction. Remember, your employees should be the primary endorsers of the companys product or service.

Brand Leadership

Since the top executives of the company are mostly the ones who are responsible in making important decisions with regards to the products and services they are selling, it should be given great importance. While the other to points discussed in the preceding paragraphs are located at the base of the triangle, the brand leadership is at the very topmost part. This means that executives and their own interaction with the brand are important in building an influential corporate brand. Every decision made in the boardroom should be in line with the best interest of the brand and not just solely on making a good profit.

T J Madigan has been established in online business since 1998 and is director of a number of successful online projects one of which is http://www.articles.net.au your best source for FREE articles and information.

How To Create Your Own Products To Sell On The Internet

Owning your own product is the best method to make money on the internet. Before you can own a product you need to create one. Creating a product can seem like a daunting task at first. Many people can’t seem to get started and never make the attempt.

Creating your own product is not that hard. Here are a few tips on how to go about doing it.

* What should the product be?

You need to first identify a topic for your product. You need to identify an area that you feel has potential and would do well to create a product for. Read the news papers or simply check the internet and see what the latest trends are. You’ll find that there are many fields that are hot right now, such as the lose weight, credit card debt and real estate areas. Pick one area that you feel is hot. If you can’t decide, visit ClickBank.com and check out the top selling categories. This is a clear indicator of what’s hot in the market right now.

* Should you create the product yourself?

Sometimes it’s easy to create the product yourself if you’ve got enough information and experience. If not the best thing is to out source it or have someone else do it for you. You can get a freelancer to create your product for you and you can add the finishing touches. Ask yourself if you consider yourself an expert in the field of your product and if you think – yes – then go ahead and create it yourself. If not you can always pay to have it done for you at places like elance.com or guru.com

* Test your products

Once you have a product you should test it before you go all out and sell it. You should release a sample or a few copies of it to a select few people and have them test it for you. Get their feedback and comments. And once you do, refine and improve the product. Ask if you can use their testimonials. This will help you sell your products much more easily. Once you have had your product tested you’re ready to launch it to the public.

* Create a buz

While you are testing your product, you can create a “buzz” by letting people subscribe to a “pre launch” list. Once the product is complete, you can notify this list of eager prospects and make a quick profit. Don’t wait until your product is completely ready to market or promote it. Create a pre-launch site and create a “buzz” and get people to line up to buy your product.

* Launch your product

Launch your product once your testing is done and you’re happy with it. Make sure that your payment processor is setup and your hosting account can handle the spike in traffic and load. Make sure you pick a good date and time. Don’t launch it at 6 am on April fools day.

* Phase in your affiliate program

Once you launch and make a few sales you’ll get a feel for how good your product is. Once you are confident that it’s a good product and once the public is confident with you, create your own affiliate program and let the public sell it for you. This is s sure fire way to make money on the internet.

Creating your own product is one of THE most lucrative methods to making money online. Hopefully the tips I’ve given you will help you create your own and grab a piece of that big juicy online profit pie.

Khemal Dole owns and operates
http://www.PaychecksDirect.com, a completely F*R*E*E
service which helps many first-timers and even
experts find their perfect Work At Home job. Visit
www.PaychecksDirect.com right now and see for
yourself why so many are flocking to his site.

7 Mortgage Marketing Tips for Loan Officers

It is our intention that these marketing tips will help you avoid common mistakes made by the majority of loan officers. Heed this advice!

Mortgage Marketing Tip #1

Make your advertising and print media more effective by having a headline on everything: letters, greeting cards, ads, everything.

Headlines are what get the reader. They make them want to read more. They tell the reader what benefit he/she will get from reading more. And that’s exactly what you want them to do.

Make the headline powerful and include a benefit.

Examples:

3 things you can do today to improve your credit
Here’s something you might enjoy…
I started thinking of you when I read this article…

Make sure to include a headline in all your media and it will increase your results.

Mortgage Marketing Tip #2

When you do something for a client, brag about it.

What I mean is, if you accomplish something, make it a big deal.’

“Mr. Hity, I was holding my breath for a while, and that collection on your credit report made it real close, but I fought for you and got the lender to approve your loan!”

That’s a lot better than saying, “Hi, your loan was approved today. Congrats.”

Make yourself out to be the valuable professional you are. Make sure that your clients know exactly what you do for them.

Mortgage Marketing Tip #3

Write thank you notes to people everyday.

This one mortgage marketing tool can make you so much money your head will spin. Everyone loves to be appreciated and acknowledged. Being nice and having manners are a thing of the past. But when you take the time to thank someone, you connect to them on deeper level.

Get yourself some thank you cards from the stationery store and thank people who did something for you today. It could be for anything,

Thank your mailman for bringing the mail up to the office. Thank the underwriter for a speedy decision
Thank your client for calling to say they would be late
Thank the realtor for the referral.

These cards can make someone’s day. And you really stand out from the crowd as a caring mortgage professional when you use them.

Mortgage Marketing Tip #4

If someone answers your phone for you, have him or her use the following line.,

“He/she is working with a client right now, let me see if he can take the call.”

This does a couple things,

1. Makes you seem busy even if you are not. This shows the client that you are in demand and confirms that he made a good decision by choosing you.
2. Allows you to not talk to people you do not want to talk to
3. Allows you to say to the caller, if you pick up, that they are important enough to you to interrupt an important client meeting.

This might not be a “traditional” mortgage-marketing tool, but it will make you more desirable. And while it will not make the phone ring more, when it does, you will get respect from those on the other end of the line.

Mortgage Marketing Tip #5

CANI

Constant and Never Ending Improvement
Do something everyday to improve your business. 1 small change everyday can make a huge difference in a couple months. Implement one mortgage marketing tool at least once a week. At least.

Over the course of a couple years, the results will be dramatic.

Just one small thing is enough. Examples are:

A Business Owner Asks, “How Do We Get to Disney World?

“Let’s go to Disney World!” is the cry heard by millions of parents each year. “But how we get there?” parents often cry a few weeks before the trip.

Planning for the long-range success of your business can be boiled down to the same three step exercise you use to map out your trip to see Mickey.

First, (and of greatest importance) you have to get a handle on where you are right now, as a business and as a family.

Second, you need to determine where you want to be. As Will Rogers said, “it really doesn’t matter that you are making great time if you’re heading in the wrong direction.”

Finally, you need to sort out the available alternatives will allow you to move smoothly from where you all are to where you want to.

Repair for most of us, a great place to start is with a meeting where we can begin the process. In a family owned business, family members from different generations may have opposing ideas, and these need to be considered as you plan for the future. Even if all members are in general agreement, no one may know how to discuss his or her point of view.

Frequently this lack of honest, unemotional communication is complicated by a lack of understanding of the techniques available. While planning for the future of the business and the family, these emotional issues are often overlooked or ignored in favor of “tax savings” for example, to everyone’s sorrow later on.

The Family Conference: A Productive Planning Strategy

An excellent beginning is to hold a family conference. The family conference as a positive step toward assuring the future for everyone. The idea that “someday this will all work out” is a pipe dream. Nothing good happens by accident, without planning. The family conference helps you understand that your goals do not have the conflict with the goals of your father, mother, brother, sister, son, or daughter.

The objective of the family conference is to develop a set of suggested activities and planning ideas that you and your advisers can use to achieve your goals. Our quarter-century of experience has shown that the family/owners already have 90% of the information necessary to creatively plan for the future of their organization.

We believe that success comes only when the focus is on the needs and feelings of everyone involved.

What’s needed is a framework for discussion, a process that allows them to construct effective dialogue to remove past slights, align expectations and create shared goals for the future. The results will provide their advisors a blueprint for creating the results the family seeks.

The Strategic Conversations Process: Before, During, and After the Family Conference

The 5 Key Principles of Strategic Conversations are:

1. Set the context for the interaction:
In order for a conversation to be “strategic,” the stage must to be set with certain understanding and agreement. This process is a critical first step for it clarifies the objective and creates an atmosphere where trust can be built. You can see how important this is when the individuals involved have long histories with each other.

2. Initiate the dialogue:
Both an action step and a mind-set. As you communicate, your mind will be oriented so that you will receive and process input and respond to it in a focused and strategic manner. It is not necessary for each person involved to understand the principles, as long as you do. Having a “conversations on purpose” not the usual chit chat. The process identifies the subject as important.

3. Feedback for clarification:
“I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant.” Lewis Carroll in Alice in Wonderland. In its normal state, interpersonal communication is actually more often misinterpretation. All parties to the conversation believe they are being clear in what they are conveying, and the receivers think they are getting the message.

The truth is, most of the time the message being received is only partially correct. In order to have a strategic conversation, all parties to the conversation must be clear. The Strategic Conversations report provides examples of clarification strategies.

4. Show Appreciation:
The ending of a conversation is an important event in and of itself. All too often, a conversation ends too abruptly leaving one or more of the participants feeling awkward or uncomfortable. Then, the uncomfortable feeling is the last memory with which the participant is left. The act of showing appreciation is an effective gateway to transitioning to the close of a conversation and summing up the value of the interaction. There are examples of the power and art of showing appreciation in the 5 Keys To Strategic Conversations report.

5. Extend yourself:
This element opens the door for a future interaction of this type of communication. It can invite a closer relationship, if desired, or simply establish a connection. Modeling this type of behavior will encourage others to behave in a similar manner, leading to clearer, more accurate strategic conversations. Paying forward is an effective way to insure productive future conversations. The report contains tips on how to extend yourself in ways that will positively impact your communications.

Imagine, personal and business relationships without conflict. Decision made in a cooperative environment with “everybody rowing in the same direction” all the time.

Is it possible? It is when you have internalized the principles of “Strategic Conversations” and integrated them into your very being.

Is it easy? No, nothing worthwhile ever is. But since you have used, to a greater or lesser degree, each of the principles over time – you will be able to do this, given the commitment.

Wayne Messick is co-founder and senior consultant at http://www.iBizResources.com – part of a global consortium of business strategists. For no-charge access to the 5 Keys to Strategic Conversations visit http://www.StrategicConversations.com

What Is A Marketing Initiative?

Marketing is not as simple as many may lead you to believe. In order for your business to be effective, you need to understand what is involved in promoting what you are offering in terms of products and services. That is where a good marketing initiative comes in to play. A marketing initiative is essentially anything that is clearly defined as a marketing effort. Simple, isn’t it? It is basically anything specific in your marketing plan. So what types of things are considered marketing initiatives? Here are a few examples that may help you.

For larger companies, a marketing initiative can be a theme. For instance, a set of commercials that use a specific character or funny situation over and over may be considered a marketing initiative. This, though, would certainly be more common with large businesses. An example of this is the Geiko commercials that feature the cute talking gekko. The initiative is to associate their car insurance services and products with a character that sticks in your head. Being cute is an added advantage. This is why many commercials use cute, cuddly characters such as babies and puppies etc.

Another example of a marketing initiative is undertaking a certain method relentlessly. Sometimes you may wish to focus your efforts solely on one method of marketing. If, for instance, you decide to implement email marketing with great fervor, then you can call that your email marketing initiative. You will outline a plan very specific to that initiative. And you will carry it out. Focusing your efforts into a sole initiative demands that you understand it intimately. You better know what you are doing if that’s the ONLY initiative you’ve got. In addition you also need to have a backup plan in case your initiative does not come through for you as you hoped. Often, when you put all your eggs in one basket, you better have more eggs!

Another type of marketing initiative you may invoke is a large scale shift in what you are doing. If you are going away from traditional marketing to exclusively use the internet that is a whole new marketing initiative you are putting in place. Though not as specific as other examples, it is certainly something that directly affects the marketing of your company. These types of initiatives are usually done parallely with your existing marketing initiatives. The old initiatives are slowly phased out as the new one takes over.

A marketing initiative can also be as simple as a shift in an idea. You can have a new marketing initiative that simply changes the way you promote your company, or more specifically what about the company you are trying to promote. A shift in positioning is a good example.

Marketing initiative is a broad term that is used often. However, if you understand what it is you will be more able to effectively put an initiative in place if you need to. Changing or implementing an initiative is a big part of the promotion of your business. So it’s important that you understand what it means in the first place.

Khemal Dole owns and operates
http://www.PaychecksDirect.com, a completely F*R*E*E
service which helps many first-timers and even
experts find their perfect Work At Home job. Visit
www.PaychecksDirect.com right now and see for
yourself why so many are flocking to his site.