In my presentation at the 2014 Ohio Growth Summit (http://ohiogrowthsummit.com), I walk small business owners through my systematic approach to building and connecting the four pillars of successful businesses: distribution, delivery, experience and retention.
Millions of small business have great products or services. Yet only a few thrive and become leaders in their space or community. What is that extra “something,” that leverage point that allows certain businesses to grow while others struggle to expand – or even make ends meet?
Systems.
The days of “build a great product and the customers will come” are long gone. There is more competition than ever before. There are also an infinite number of places small business owners could spend their time, money, and energy.
So which have the biggest impact? Which are right for your business?
7. Your job
as an entreprenuer
is to connect the dots so that your product /
service is accessible to as many people who
want, need, and are willing to pay for it...
AND refine their experience to the point
they can't live without it.
13. “As to methods there may be a
million and then some, but
principles are few.
The man who grasps principles
can successfully select his own
methods. The man who tries
methods, ignoring principles, is
sure to have trouble.”
Ralph Waldo Emerson
14. What is a system?
Donella Meadows, Thinking in Systems
“A system is an interconnected set of
elements that is coherently organized in a
way that achieves something.”
17. Cat: Where are you going?
Alice: Which way should I go?
Cat: That depends on where you are going.
Alice: I don’t know.
Cat: Then it doesn’t matter which way you go.
33. IdentifyIdentify
Who is your audience?
Where do they spend their time?
What keeps them up at night?
Why should they care about you?
The more specific, the better.
34. Tap existing audiences to create your own.
PR, partnerships, trade publications,
marketing vs advertising
Online
Guest blogging, partnerships, advertising,
search engine optimization, YouTube...
Offline
Storefronts, location, live events, sponsors,
promotions, sales, giveaways,
Expose
35. Jay Conrad Levinson,
Guerilla Marketing
Spend 90% of your
time, money, and energy
marketing your business
in the first 90 days.
36. Expand
“The size of your
network's network
is always larger than
your network.”
53. “How would you feel if you
could no longer use [product]?”
40%>40%>
•Very disappointed
• Somewhat disappointed
• Not disappointed
• N/A – I no longer use product
54.
55. Use input from prospects and
customers to continually refine
your product or service.
Feedback Loops
62. Make it easy for
people to talk about
you and share your
business – both
online and off.
Word of Mouth
ForLindsay.com
63. A word on virality...
When R0 < 1, the infection will die out in the long run. But if
R0 > 1, the infection will be able to spread in a population.
R0
64. D DD
ER
● Identify
● Expose
● Expand
● Social Proof
● Sales
● Customer
Service
● Triggers
● Raving Fans
● Word of
Mouth
● Indispensible
● Remarkable
● “Sticky”
Distribution
Retention
Delivery
Experience
GOAL