Tuesday, June 16, 2009

Know Your Territory Street Lesson #3

Okay, so you've papered the neighborhoods, created your alliances with other non-competing businesses and even have your employees families involved in promoting you. You also chose a good friend to go mixer hopping with and shamelessly promote one another at all of the events around town. So now that you're staking your claim around your place of business, the question now is HOW do you KEEP your territory?

KNOW YOUR TERRITORY. This means doing some homework and if you're like me you don't have hundreds of dollars to spend on accessing top notch numbers from a marketing firm. So what's a business to do? Research through your local government websites or libraries. Since this is research based, your information sources will differ from mine but I at least hope to point you in the right direction!

Here are a few tips to get you started:

1. Go to your city government's website. All cities should have demographic facts on their city. Most should cover total demographics breaking the information down by land, ethnic profile, and population projections.

http://www.houstontx.gov/planning/Demographics/dem_links.htm

2. Census Bureau - Most city government sites should also include the Census information that the US Government does every ten years too. These can be even more useful since they're filtered by districts within the city. So you can see by your zip code the number of people, ethnicity, unemployment, etc as well.

Houston Links:

Census Information for City Council Districts
2000 Census Index by Council District Boundaries (detailed information)
City of Houston Maps by Council Districts

3. American Community Survey - found on the US Government site, The American Community Survey (ACS) is a nationwide survey designed to provide communities a fresh look at how they are changing. It is a critical element in the Census Bureau's re-engineered decennial census program. The ACS collects and produces population and housing information every year instead of every ten years. http://www.census.gov/acs/www/SBasics/

With the ACS, you can get more update information concerning your community, district, etc. The downside of the ACS is that it's not available in all areas, so you would still need to rely on local government surveys and the US Census survey.

4. Organizations and Chambers - Most large cities will have organizations that do their own research or compile research into a more readable format, ie, so you an I can understand it! For example, Houston has a very large organization called the Greater Houston Partnership. They include the US Census data but also include other local data such as:
Business Incentives
Economic Forecast
Economic Indicators
Major Employers
Job Growth by Sector
Industry Profile
Arts and Culture

Follow the link below to get the information on the topics listed above.

http://www.houston.org/facts-figures/

The above is just a snippet of the information available on the Greater Houston Partnership's website. http://www.houston.org/

If you're part of a chamber or any other organization, ask about their statistics on their members as well. Within these organizations, you can get a headcount of businesses similar to yours or businesses who could use your service/product.

Remember to think outside the box when you're researching your businesses possible consumers. Information is everywhere, sometimes you just have to do a little digging!

Well, I hope I was able to help you with some possible ideas.

Thanks for reading my posts and letting me kick it old school!

Keep checking back to read more on marketing from i-marketing, to u-marketing, social media, mobile marketing and anything that strikes a chord with how to make your business even more profitable with marketing.

Monday, June 8, 2009

Pimp Your Friends: Street Lessons #2

How many times have you attended a networking event and heard, " I do this" , "I do that" "I know this", "I know that"... blah, blah-blah, blah-blah! It gets really annoying sometimes to hear a person talk about themselves in such a way that you would think they had a cure for the common cold. It's not that I haven't sounded this way before either, trust me, I know, I've listened to myself before! Which is why it dawned on me that maybe I should try something different.

I know, I know. That's what networking events are for, to hear people talk about themselves and their companies. Yes, this is true, but not too many networking individuals know how to properly sell themselves without sounding like narcissists. So, I've decided that the best way for someone to network at an event is to Pimp Your Friends. Yes, it means exactly what it says. You're selling your friends to other networkers and not talking about yourself at all. Like a Pimp and his, um, property (which I by NO means advocate at all!!!) you are selling your friends traits, personality and style to every one you meet and reap the rewards of your pimpin'. How does this work if you're selling Sally instead of yourself? Okay scene:

You're at a wine bar, noshing on a fabu ostrich slider while your friend grabs you a drink from the bar. Harry slides on up next to you, introduces himself and quickly begins asking "how are you", "what do you do", yada yada. YOU, tell him you're doing fantastically well, tell him you're an internet specialist but Do NOT go into further detail. Instead you ask him what he does. As he starts his conversation, you catch Sally's eyes, your pimpee, and "tell" her to come over. She is engaged in conversation with another woman, Jane, but gets your drift. About a minute into Harry's sales pitch, you say, "you know what, Harry, I came here tonight with a friend I'd like you to meet" and make your way to Sally. Sally sees you, says the same thing to, Jane, and makes her way to you at the same time. Harry and Sally exchange hellos, Jane and You, and Harry and Jane. At this time, you've created a natural break in the conversation by moving. So by this point, you already know that you will be explaining to Harry AND Jane what Sally does and Sally in turn will explain what you do. This ONLY works if you both know what the other one does!

The whole point of this networking exercise is that you meet two people at once. Sally has laid the groundwork for you and you for Sally. Hopefully, you each have found someone who can actually use your talents. If Sally has run into someone that you can't use, that's okay, she still has to explain to your partner what you do and hopefully he can use you, if not, that's okay, he's still a warm "lead" that can potentially blossom into a partnership or friendship later down the road. And vice versa for Sally.

Networking this way, instead of trying to meet each person on YOUR OWN, cuts your networking time down by half probably even more. So you're not stuck there till 10 o'clock at night taking shots with Jake from Things r us who just will never be an asset for you . Instead you want to be at the bar at 10pm with Linda from We NEED YOU NOW, INC. drinking whiskey shots until 3 am in the morning!!

Having a networking buddy who can sing your praises for you makes for better conversation because people are not hearing, "I, I, I", They're hearing "she can do this, ... her company does that,... they've worked with so and so" and it adds to your credibility because someone else is saying it about you.

These type of networking exercises work really well, if you've made great friends with a client who truly believes that you're the best because it sounds even more geniune coming from them. They're doing the same thing you are, trying to make money, and if they know that you're there trying your hardest to sell them, they're selling you even harder then they were before because you're going the extra mile to help them out at these networking functions.

The morale of the story is grab a friend, rehearse your sales pitches, gain some knowledge on you chosen friend and start pimping him/her at the mixers, business events and galas!


So that's how you Pimp Your Friends. Or at least, how I like to Pimp My Friends.

Stay Funky! And watch out for the next topic, "Know Your Territory"