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The Credibility Advantage
                         Strategies and Tools for Increasing Results



                                Michael Lovas and Pam Holloway



Tuesday, June 21, 2011
Credibility Payoff
                         • Shorter sales cycle / Higher closing
                           percentage
                         • Referrals and introductions
                         • “First in” opportunities
                         • Higher quality leads and customers
                         • Higher valuation
Tuesday, June 21, 2011
Trust & Credibility
                         Increase Speed & Lower Cost

                            Trust =       Speed        Cost

                            Trust =       Speed         Cost


                            Stephen Covey - The Speed of Trust

Tuesday, June 21, 2011
What is credibility?




Tuesday, June 21, 2011
Credibility is a cluster concept

             • Expertise         • Experience
             • Trustworthiness   • Commitment
             • Reputation        • Forward Thinking
             • Innovation        • Relevance
             • Integrity         • Confidence
             • Leadership        • Character
Tuesday, June 21, 2011
What is credibility?




                           A Leap of Faith
Tuesday, June 21, 2011
What is credibility?

         The confidence you inspire in others
         to trust your ability to deliver results
              in support of their business.

                           A Leap of Faith
Tuesday, June 21, 2011
Rate Yourself
          1                   5             10
    Haven’t Yet                           One of the
    Established                          Most Credible
    Credibility                           In My Field




Tuesday, June 21, 2011
CREDIBILITY PRINCIPLE # 1:
                         It’s not what YOU think that matters


                                   Credibility is perception.
                         It lives only in the mind of other people.




Tuesday, June 21, 2011
Rate Someone Else
          1                     5              10
     Minimal                                 Maximum
    Credibility                              Credibility




Tuesday, June 21, 2011
“While it’s important for you to have a clear
                 understanding of credibility, it’s more important
                   that you have a clear understanding of how
                   other people (your stakeholders) define it.”




Tuesday, June 21, 2011
How do people decide if
                           you are credible?




Tuesday, June 21, 2011
Inherited Credibility


                                                                                Your Industry
                                                  You                           Your Company
                                               Personally


                                                                                Your Profession




                         You “inherit” credibility based on your perceptions of your
                         profession (engineer, sales person, graphic artist), the
                         company you work for and the Industry you work in.

Tuesday, June 21, 2011
Who’s more credible?
                         •   Congressman
                         •   Local newspaper or TV reporter
                         •   Teacher
                         •   Member of the armed forces
                         •   Local business representative
                         •   Ordinary citizen



Tuesday, June 21, 2011
Who’s more credible?
                         1. Teacher
                         2. Member of the armed forces
                         3. Ordinary citizen
                         4. Local business representative
                         5. Local newspaper or TV reporter
                         6. Congressman



Tuesday, June 21, 2011
Most Trusted Information Sources




Tuesday, June 21, 2011
Most Trusted Information Sources




Tuesday, June 21, 2011
CREDIBILITY PRINCIPLE # 2:
                         The most trusted information
                          sources are “people like me”




Tuesday, June 21, 2011
CREDIBILITY PRINCIPLE # 3:
                         Build it and they will sell themselves.


                    Credibility opens the door and helps the customer
                  “self-discover” your value so that they are already half
                        sold by the time you meet for the first time.




Tuesday, June 21, 2011
Credibility enables
                         Attract (Pull) Marketing
                                  versus
                         Chase(Push) Marketing




Tuesday, June 21, 2011
So how do you “build it?”




Tuesday, June 21, 2011
Where do prospects look?




Tuesday, June 21, 2011
What do they need to “see”?

                         • Who else says so
                         • Scientific basis
                         • Comparison
                         • Transparency
                         • Elimination of risk
                         • Real people
Tuesday, June 21, 2011
How do you communicate?

                         • Endorsements and testimonials
                         • Research-based articles and papers
                         • Comparison Matrix
                         • Warranties, Guarantees, Free Trials
                         • Real people pictures and stories

Tuesday, June 21, 2011
Credibility Anchors
                  • Get other people to say good things about you
                  • Credibilitize your website and print materials
                  • Get Published
                  • Associate with other credible people,
                         organization and brands
                  • Look and sound credible

Tuesday, June 21, 2011
Employ Other Messengers


                         •People I know
                         • People who are like me
                         • Experts


Tuesday, June 21, 2011
Credibilitize Your Marketing
                    • Science-based, Research-backed
                    • Endorsements and Testimonials
                    • Expert Review / Seal of Approval
                    • Comparisons
                    • Real people behind the scenes
                    • Track record

Tuesday, June 21, 2011
www. bragada.com   Orthopedic
                                   Research

                                   Chiropractor
                                   Approved

                                   Lifetime
                                   Warranty

                                   History/Track
                                   Record

                                   Innovative,
                                   Patented
                                   Technology
Tuesday, June 21, 2011
Get Published
                         • Book
                         • White Paper
                         • e-Book
                         • Article
                         • Blog

Tuesday, June 21, 2011
Associate
                         With other credible...
                         • Companies and brands
                         • Organizations
                         • Publications
                         • People

Tuesday, June 21, 2011
Individual Credibility

                         • Look credible
                         • Sound credible
                         • Write credibly



Tuesday, June 21, 2011
Thank You!

                         Michael Lovas and Pam Holloway
                             www.aboutpeople.com
                           michael@aboutpeople.com
                             pam@aboutpeople.com




Tuesday, June 21, 2011

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Credibility Advantage

  • 1. The Credibility Advantage Strategies and Tools for Increasing Results Michael Lovas and Pam Holloway Tuesday, June 21, 2011
  • 2. Credibility Payoff • Shorter sales cycle / Higher closing percentage • Referrals and introductions • “First in” opportunities • Higher quality leads and customers • Higher valuation Tuesday, June 21, 2011
  • 3. Trust & Credibility Increase Speed & Lower Cost Trust = Speed Cost Trust = Speed Cost Stephen Covey - The Speed of Trust Tuesday, June 21, 2011
  • 5. Credibility is a cluster concept • Expertise • Experience • Trustworthiness • Commitment • Reputation • Forward Thinking • Innovation • Relevance • Integrity • Confidence • Leadership • Character Tuesday, June 21, 2011
  • 6. What is credibility? A Leap of Faith Tuesday, June 21, 2011
  • 7. What is credibility? The confidence you inspire in others to trust your ability to deliver results in support of their business. A Leap of Faith Tuesday, June 21, 2011
  • 8. Rate Yourself 1 5 10 Haven’t Yet One of the Established Most Credible Credibility In My Field Tuesday, June 21, 2011
  • 9. CREDIBILITY PRINCIPLE # 1: It’s not what YOU think that matters Credibility is perception. It lives only in the mind of other people. Tuesday, June 21, 2011
  • 10. Rate Someone Else 1 5 10 Minimal Maximum Credibility Credibility Tuesday, June 21, 2011
  • 11. “While it’s important for you to have a clear understanding of credibility, it’s more important that you have a clear understanding of how other people (your stakeholders) define it.” Tuesday, June 21, 2011
  • 12. How do people decide if you are credible? Tuesday, June 21, 2011
  • 13. Inherited Credibility Your Industry You Your Company Personally Your Profession You “inherit” credibility based on your perceptions of your profession (engineer, sales person, graphic artist), the company you work for and the Industry you work in. Tuesday, June 21, 2011
  • 14. Who’s more credible? • Congressman • Local newspaper or TV reporter • Teacher • Member of the armed forces • Local business representative • Ordinary citizen Tuesday, June 21, 2011
  • 15. Who’s more credible? 1. Teacher 2. Member of the armed forces 3. Ordinary citizen 4. Local business representative 5. Local newspaper or TV reporter 6. Congressman Tuesday, June 21, 2011
  • 16. Most Trusted Information Sources Tuesday, June 21, 2011
  • 17. Most Trusted Information Sources Tuesday, June 21, 2011
  • 18. CREDIBILITY PRINCIPLE # 2: The most trusted information sources are “people like me” Tuesday, June 21, 2011
  • 19. CREDIBILITY PRINCIPLE # 3: Build it and they will sell themselves. Credibility opens the door and helps the customer “self-discover” your value so that they are already half sold by the time you meet for the first time. Tuesday, June 21, 2011
  • 20. Credibility enables Attract (Pull) Marketing versus Chase(Push) Marketing Tuesday, June 21, 2011
  • 21. So how do you “build it?” Tuesday, June 21, 2011
  • 22. Where do prospects look? Tuesday, June 21, 2011
  • 23. What do they need to “see”? • Who else says so • Scientific basis • Comparison • Transparency • Elimination of risk • Real people Tuesday, June 21, 2011
  • 24. How do you communicate? • Endorsements and testimonials • Research-based articles and papers • Comparison Matrix • Warranties, Guarantees, Free Trials • Real people pictures and stories Tuesday, June 21, 2011
  • 25. Credibility Anchors • Get other people to say good things about you • Credibilitize your website and print materials • Get Published • Associate with other credible people, organization and brands • Look and sound credible Tuesday, June 21, 2011
  • 26. Employ Other Messengers •People I know • People who are like me • Experts Tuesday, June 21, 2011
  • 27. Credibilitize Your Marketing • Science-based, Research-backed • Endorsements and Testimonials • Expert Review / Seal of Approval • Comparisons • Real people behind the scenes • Track record Tuesday, June 21, 2011
  • 28. www. bragada.com Orthopedic Research Chiropractor Approved Lifetime Warranty History/Track Record Innovative, Patented Technology Tuesday, June 21, 2011
  • 29. Get Published • Book • White Paper • e-Book • Article • Blog Tuesday, June 21, 2011
  • 30. Associate With other credible... • Companies and brands • Organizations • Publications • People Tuesday, June 21, 2011
  • 31. Individual Credibility • Look credible • Sound credible • Write credibly Tuesday, June 21, 2011
  • 32. Thank You! Michael Lovas and Pam Holloway www.aboutpeople.com michael@aboutpeople.com pam@aboutpeople.com Tuesday, June 21, 2011