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	<title>Strategies &#8211; Performance Management Group, LLC</title>
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	<title>Strategies &#8211; Performance Management Group, LLC</title>
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	<item>
		<title>Prepare for Lift Off!</title>
		<link>https://www.pmgllcus.com/prepare-for-lift-off/</link>
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		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Thu, 17 Mar 2022 21:26:40 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=933</guid>

					<description><![CDATA[Last time I gave you a laundry list of tips and tricks you can use to make your word of mouth program work for you. Hopefully you’ve taken a look and decided which ones are the best fit for your company, products, services and target customers, so you can put them to work in your [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last time I gave you a laundry list of tips and tricks you can use to make your word of mouth program work for you. Hopefully you’ve taken a look and decided which ones are the best fit for your company, products, services and target customers, so you can put them to work in your word of mouth campaign.</p>
<p>We are going to wrap up this series on word of mouth where we give you the specific steps to create a word of mouth campaign.</p>
<p>Now, let’s take a look at those steps:</p>
<ol>
<li>Seed the market. Find some way to get the product into the hands of key influencers.</li>
<li>Provide a channel for the influencers to talk and get all fired up about your product.</li>
<li>Offers lots of testimonials and other resources.</li>
<li>Form an ongoing group that meets once a year in a resort and once a month by teleconference.</li>
<li>Create fun events to bring users together and invite non-users. Saturn, Harley-Davidson, and Lexus have all been successful with this approach.</li>
<li>Develop clips on your website featuring enthusiastic customers talking with other enthusiastic customers.</li>
<li>Hold seminars and workshops.</li>
<li>Create a club with membership benefits.</li>
<li>Pass out flyers.</li>
<li>Tell friends.</li>
<li>Offer special incentives and discounts for friends who tell their friends.</li>
<li>Put the Internet to work.</li>
<li>Do at least one outrageous thing to generate word of mouth.</li>
<li>Empower employees to go the extra mile.</li>
<li>Encourage networking and brainstorm ideas.</li>
<li>Run special sales.</li>
<li>Encourage referrals with the use of a strong referral program.</li>
<li>Use a script to tell people exactly what to say in their word of mouth communication.</li>
</ol>
<p>These are all amazing ways you can get the word out about your products and services and start a word of mouth campaign that takes on a life of its own. Before you can release your word of mouth campaign out into the world, you need to go through the checklist to make sure you’ve covered all the essentials.</p>
<p>Here’s your word of mouth campaign checklist:</p>
<ol>
<li>Are all of your communications sending the same simple message? If it can’t survive word of mouth, it’s not a compelling story.</li>
<li>Is your product positioned as part of a category? Ex.&#8221;A dandruff shampoo that doesn&#8217;t dry your hair.&#8221;</li>
<li>Are your examples outrageous enough to be shared?</li>
<li>Do you enhance your materials with success stories from real people?</li>
<li>Are you using experts effectively and in an objective manner?</li>
<li>Have you created mechanisms so people can follow up on the word of mouth they hear, as well as simple ways of inquiring or ordering?</li>
<li>Have you made the decision process easy for customers?</li>
<li>Have you created events and mechanisms so that once a year your prospects hear about your product, and it is easier to try or buy?</li>
</ol>
<p>These are all essential elements to keep in mind when taking a second or even third check over your word of mouth campaigns. I hope you’ve found this series on word of mouth to be a great resource and are getting ready to put it into action for your own products and services.</p>
<p>Remember, if you need help with anything in this series, try our FREE test drive to gain access to the best resources, tools and business coaches you can find.</p>
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			</item>
		<item>
		<title>Put it to Work</title>
		<link>https://www.pmgllcus.com/put-it-to-work/</link>
					<comments>https://www.pmgllcus.com/put-it-to-work/#respond</comments>
		
		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Thu, 10 Mar 2022 17:31:54 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=929</guid>

					<description><![CDATA[In the last post we talked about how to conduct word of mouth research and then put that research to work. Today we’re going to give you some great tried and true ways to use word of mouth when building and executing your campaign. We’ve done it in a list form, so you can go [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the last post we talked about how to conduct word of mouth research and then put that research to work. Today we’re going to give you some great tried and true ways to use word of mouth when building and executing your campaign.</p>
<p>We’ve done it in a list form, so you can go through and highlight the ones you want to put into action. These are offered by George Silverman which you can find in his amazing book <em>The Secrets of Word of Mouth Marketing.</em></p>
<p>Here they are:</p>
<ul>
<li>Give them something worth talking about</li>
<li>Cater to your initial customers shamelessly</li>
<li>Give them incentives to engage in word of mouth</li>
<li>Ask them to tell their friends</li>
<li>The customer is always right</li>
<li>Always tell the truth</li>
<li>Surprise the customers by giving them a little more than they expected</li>
<li>Give them a reason to buy, make them come back and refuse service from anyone else other than you</li>
<li>Make eye contact, and smile, even through the telephone</li>
<li>Find ways to make doing business with you a little better: a warmer greeting, a cleaner floor, nicer lighting, a better shopping bag, extra matches, faster service, free delivery, lower prices, more selection.</li>
<li>Never be annoyed when a customer asks you to change a large bill even if he doesn&#8217;t buy anything.</li>
<li>The customer is your reason for being. Never take her for granted. If you do, she will never come back, and will go straight to your competition.</li>
<li>Always dust off items, but never let the customer see you doing it.</li>
<li>Never embarrass a customer, especially by making him feel ignorant.</li>
<li>Never answer a question coming from a desire to show how smart you are. Answer with a desire to help the customer make the best decision.</li>
<li>Never shout across the store, &#8220;How much are these condoms?&#8221; or anything about the personal items a customer is buying.</li>
<li>When you don&#8217;t know, say so. Do whatever you can to find out the answer.</li>
<li>Every customer is special. Try to remember their names.</li>
<li>Don&#8217;t allow known shoplifters into the store.</li>
<li>Don&#8217;t ever let two sales staff talk when a customer is waiting. The worst thing you can do is count your cash while a customer is waiting.</li>
<li>If you can suggest something better, they will be grateful. Always respect their choice.</li>
<li>Never pressure anyone into buying anything.</li>
<li>Never knowingly give bad advice. Just help people come to the right decision.</li>
<li>Personally visit the store of the competition or assign people to visit and report back to you.</li>
<li>Hire a shopping service to prepare periodic reports on how your people are treating your customers.</li>
<li>If you hear of a store where the management is insulting the customers, buy it, then put up the sign &#8220;Under New Management&#8221; outside. Then sell it later based on the increased sales.</li>
<li>One expert (in the drugstore&#8217;s case, a nurse or physician) who is convinced you are better brings hundreds of customers and their friends through word of mouth.</li>
<li>Always look for ways to make a stranger a customer.</li>
<li>People will walk several blocks to save a dollar, or see a smile, or be treated right.</li>
<li>Always run a sale promotion or an offbeat event. Make them come back to see what you are cooking up next.</li>
<li>Use the best sign-maker you can find and pay him more than anybody else.</li>
<li>If someone is mad at you, they will tell everyone who will listen for as long as they are angry, maybe even longer. So correct any dissatisfaction, and ask customers to send their friends.</li>
<li>Treat your employees and salespeople who sell to you the same way you treat your customers.</li>
<li>Have a zero-error system. There may be terrible consequences for example, if a mistake is made filling a prescription. Have people check each other&#8217;s work for safety.</li>
<li>Occasionally make intentional mistakes to see if people are checking.</li>
<li>Always measure your performance.</li>
<li>Always ask a customer to &#8220;come back soon&#8221;</li>
<li>If customers say they are moving away, offer to send them their favorite items by mail.</li>
<li>Tell jokes.</li>
</ul>
<p>I know this is a lot of information to digest so we’re going to wrap up this lesson and leave you with the homework of going through and taking a look at the tips and tricks you like best. Also, look for tips that fit your company, products, services and target customers for the most effectiveness.</p>
<p>If you need help with this process, try our FREE test drive and get all the help you need from our experience business coaches.</p>
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		<title>Search &#038; Implement</title>
		<link>https://www.pmgllcus.com/search-implement/</link>
					<comments>https://www.pmgllcus.com/search-implement/#respond</comments>
		
		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Thu, 03 Mar 2022 01:36:14 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=925</guid>

					<description><![CDATA[People only remember the extraordinary, strange, wild, surprising and unusual. You need to make sure your ideas and marketing reflect these reactions. This doesn’t mean you have to have a product or service that is completely out of the norm, in fact, this could easily drive customers away. You need to have a product or [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>People only remember the extraordinary, strange, wild, surprising and unusual. You need to make sure your ideas and marketing reflect these reactions. This doesn’t mean you have to have a product or service that is completely out of the norm, in fact, this could easily drive customers away. You need to have a product or service that is high quality and easily marketable, then you need to market it as extraordinary and new.</p>
<p>As you research word of mouth, there are some questions you need to ask along the way:</p>
<p>What are the users willing to tell the non-users?</p>
<ul>
<li>Exactly how do your customers describe your product?</li>
<li>What are the non-users willing to ask the users?</li>
<li>What are the things they need to know, but are unwilling to ask?</li>
<li>What happens when these issues are raised?</li>
<li>Exactly what do your prospects have to know in order to trigger purchase?</li>
<li>Exactly how do your customers answer the objections, concerns, and qualms of your prospects?</li>
<li>How do your customers persuade their friends to use your product?</li>
<li>How do your customers suggest they initially get to know or try your product?</li>
<li>What warnings, safeguards, tips, and suggestions do your customers suggest to your prospects?</li>
<li>Are your sales messages, positioning, and important facts about your product getting through and surviving word of mouth?</li>
<li>What messages do you need to inject into the marketplace in order to turn the tide in your favor and how will you deliver them?</li>
</ul>
<p>There are two main reasons why word of mouth research is so important:</p>
<ol>
<li>To get the real impression and feedback from customers</li>
<li>To define word of mouth itself and the concept it creates</li>
</ol>
<p>There is a simple formula that can help you conduct your word of mouth research. It’s called the “2-2-2” model.</p>
<p><strong>2-2-2- Model</strong></p>
<p>What this breaks down to is:</p>
<ul>
<li>2 groups of customers</li>
<li>2 focus groups of prospects</li>
<li>2 mixed groups (enthusiasts &amp; skeptics)</li>
</ul>
<p>In these groups you need to ask the following questions:</p>
<ol>
<li>What would you tell a friend?</li>
<li>How would you persuade a skeptic?</li>
<li>What questions would you anticipate from a skeptic?</li>
<li>How would you answer their objections?</li>
</ol>
<p>The best way to conduct these groups is by teleconference. This ensures you’ll get a good variety of demographics for your customers and potential customers. It also allows people to feel safe and more able to express their true feelings. These teleconferences should not be conducted by you, but an independent party to avoid adding pressure to the situation.</p>
<p>We’re going to transition a bit and talk about how to construct a word-of-mouth campaign. First, we’ll talk a look at the essential ingredients you need to put together a campaign. These ingredients are:</p>
<ul>
<li>A superior product</li>
<li>A way of reaching key influencers in your marketplace</li>
<li>A cadre of experts willing to bat for you</li>
<li>A large number of enthusiastic consumers</li>
<li>A way of reaching the right prospects</li>
<li>One or more compelling stories that people will want to tell to illustrate your product&#8217;s superiority</li>
<li>A way to substantiate, prove, or back up your claims and how the product will work in the real world</li>
<li>A way for people to have direct, low-risk experience, a demo, sample, or free trial</li>
<li>A way of reducing overall risk, an ironclad guarantee</li>
</ul>
<p>Once you have those ingredients ready to use, you should consider the situations in which your company can benefit from a strong word of mouth program. Some of these situations are:</p>
<ul>
<li>When there are credibility problems</li>
<li>When there are breakthroughs</li>
<li>When there are marginal improvements</li>
<li>Where the product has to be tried in large numbers or over time</li>
<li>Where there is high risk in trying the product</li>
<li>With older or mature products that have a new story that people tend to ignore</li>
<li>With unfair competitive practices such as spreading rumors, or telling lies about your product</li>
<li>When there are governmental or other restrictions on what you may say or claim directly</li>
</ul>
<p>While most of the word of mouth tactics are positive for your word of mouth program, there are a few products to avoid using in this program. They are:</p>
<ul>
<li>Products where a seminar would not provide meaningful added value</li>
<li>Products that can&#8217;t be tried and where there is no consensus among experts</li>
<li>Products that are clearly inferior, without having a compensating superiority for similar products</li>
<li>Products that are so personal or emotion that rational discussion is irrelevant to the decision</li>
<li>Products where the decision value is so small (low price/low volume) the medium will not be cost-effective.</li>
</ul>
<p>This wraps up this post on word of mouth research and how that research can be used when putting together your word of mouth campaign. If you need help with the research and a plan to use the results of that research, try our FREE test drive to get all the help you need with our top notch resources and tools.</p>
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		<title>Harness the Power of WOM</title>
		<link>https://www.pmgllcus.com/harness-the-power-of-wom/</link>
					<comments>https://www.pmgllcus.com/harness-the-power-of-wom/#respond</comments>
		
		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Tue, 08 Feb 2022 17:53:12 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=900</guid>

					<description><![CDATA[Today we’re going to talk about how to harness the power of word of mouth. Including the six-step process to success and the 30+ (that’s right, I said 30) ways to harness the power of WOM. So, let’s get started! There are six steps to harnessing word of mouth: Understand your customers’ values and priorities; [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Today we’re going to talk about how to harness the power of word of mouth. Including the six-step process to success and the 30+ (that’s right, I said 30) ways to harness the power of WOM. So, let’s get started!</p>
<p>There are six steps to harnessing word of mouth:</p>
<ol>
<li>Understand your customers’ values and priorities; this will help you understand why they would buy your products.</li>
<li>Understand the different adopter types: innovators, early adopters, middle majority, late adopters and laggards.</li>
<li>Identify which decision stages are needed for your product to be adopted.</li>
<li>Use the information from steps 2 &amp; 3 to figure out which wording, and word of mouth tactics are going to work using the Decision Maker Matrix (we’ll talk about this in a minute).</li>
<li>Put together the resources for the highest word of mouth impact.</li>
<li>Create and implement your word of mouth campaign.</li>
</ol>
<p>The Decision Maker Matrix is based off years of trial and error by George Silverman. It essentially charts to different concerns you may come across when working with different adopters and putting together a decision process for each one.</p>
<p>We are now going to move on to the 30+ ways to harness the power of WOM:</p>
<p><strong>Use Experts</strong></p>
<p>Experts can come in many forms and all their opinions should be taken into consideration when putting together a WOM campaign. Some experts from whom you could gather information include:</p>
<ul>
<li>Customers</li>
<li>Suppliers</li>
<li>Subject Matter Experts</li>
<li>Salespeople</li>
<li>Experts&#8217; roundtables</li>
<li>Experts&#8217; selling groups</li>
</ul>
<p><strong>Seminars, Workshops &amp; Speeches</strong></p>
<p>These venues are a perfect opportunity to gather information. People who attend these types of events are used to giving feedback, so you can use a survey or other method to gather information you can look over later. Some events to use are:</p>
<ul>
<li>Speakers program</li>
<li>Seminars</li>
<li>Webinars</li>
<li>Group selling</li>
<li>Dinner meetings</li>
<li>Peer selling groups</li>
<li>Video conference experts&#8217; panels</li>
<li>Trade show events/opportunities</li>
</ul>
<p><strong>Referral Selling</strong></p>
<p>As we’ve talked about before, a referral program can help with a variety of things in building your business. By using some of the following tactics and opportunities you can find out exactly what you need to do to generate positive word of mouth. These tactics and opportunities are:</p>
<ul>
<li>Testimonials</li>
<li>Networking</li>
<li>Referral Selling Program</li>
</ul>
<p>&nbsp;</p>
<p><strong>&#8220;New&#8221; Media</strong></p>
<p>The concept of “new” media is the use of up-and-coming media sources and opportunities to get the word out about your products and services and listen for the feedback about them. Most social media options could be considered “newer” media:</p>
<ul>
<li>Facebook, Facebook Groups, Facebook Messenger, and Facebook Live</li>
<li>TikTok</li>
<li>Instagram</li>
<li>YouTube</li>
<li>WhatsApp</li>
<li>A host of others</li>
</ul>
<p><strong>Using Traditional Media for Word of Mouth</strong></p>
<p>Using traditional media is a great way to get feedback. These are still considered mainstream ways of interacting with the public and consumers. Some traditional media outlets are:</p>
<ul>
<li>Customer service</li>
<li>PR</li>
<li>Placements</li>
<li>Events</li>
<li>Promotions</li>
<li>Word of mouth in ads, sales brochures, or direct mail</li>
<li>Salesperson programs, sales stars, or peer training,</li>
<li>Word-of-mouth incentive programs (&#8220;Tell-a-friend&#8221; programs)</li>
<li>Customer gifts they can share with their friends (articles, how-to manuals)</li>
</ul>
<p><strong>Internal Word of Mouth</strong></p>
<ul>
<li>Encourage employee word of mouth and sharing feedback with family, friends and others</li>
<li>Offer rewards or commission for word of mouth success</li>
</ul>
<p>As you can see there are tons of ideas you can work with to increase your level of positive word of mouth marketing. If you need help with any of this, please try our FREE test drive to access our exclusive resources that can help you put this whole thing together.</p>
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		<title>Multiply on Your Maximizing Resources &#8211; Part 1</title>
		<link>https://www.pmgllcus.com/multiply-on-your-maximizing-resources-part-1/</link>
					<comments>https://www.pmgllcus.com/multiply-on-your-maximizing-resources-part-1/#respond</comments>
		
		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Sat, 05 Feb 2022 13:25:18 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=893</guid>

					<description><![CDATA[The next series of posts will cover how to take maximizing resources and multiply them for even bigger results. In this first of the four part series we’ll cover: Call in the Troops Bring ‘Em Out of the Woodwork Black Sheep Clients Call in the Troops Finding and securing new clients can be exhausting and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The next series of posts will cover how to take maximizing resources and multiply them for even bigger results.</p>
<p>In this first of the four part series we’ll cover:</p>
<ol>
<li>Call in the Troops</li>
<li>Bring ‘Em Out of the Woodwork</li>
<li>Black Sheep Clients</li>
</ol>
<p><strong>Call in the Troops</strong></p>
<p>Finding and securing new clients can be exhausting and expensive. Instead work with other companies to help you find new clients. Find solid companies with secure, positive relationships with their customers/clients. Also, ensure that their products/services are not directly competitive with yours.</p>
<p>Contact prospective partner companies and talk with them about helping promote your products/services to their clients. Always offer them a commission on the sales that come from their client lists.</p>
<p>Make sure to include these key points in your proposal:</p>
<ul>
<li>Ensure that your products/services don’t compete with theirs.</li>
<li>The partnership will not take away from their current or future sales.</li>
<li>The partnership will increase their profits.</li>
<li>They won’t have to do nor spend anything on the partnership.</li>
<li>You will produce all needed marketing materials.</li>
<li>You will offer an unconditional guarantee on all products/services.</li>
</ul>
<p><strong>Bring ‘Em Out of the Woodwork </strong></p>
<p>If you take the time to put together a solid referral system you’ll draw new customers/clients out of the woodwork through everyone you already know. You can start doing this through first showing all your current clients how much you care about them.</p>
<p>Then show them how your products/services can significantly improve their lives or businesses. If you can do this consistently, they will naturally and comfortably bring new clients right to you.</p>
<p><strong>Black Sheep Clients</strong></p>
<p>One of the best ways to rejuvenate business is to find your stray clients and offer them something amazing. First you need to understand why they strayed and are no longer purchasing from you. There are generally three reasons why customers/clients leave. They are:</p>
<ol>
<li>Unrelated causes that have nothing to do with you</li>
<li>A problem with their last purchase</li>
<li>No longer benefit from your products/services</li>
</ol>
<p>The best way to bring these clients back is to simply contact them. If you don’t make the first move, they’ll never come back. You make an appointment to visit them or call them if it’s not possible to meet in person.</p>
<p>Talk openly with your stray clients. Let them know you noticed they were no longer working with you and that you’d like to talk with them about their experiences with you and how you can improve things to work together again. Take the time to make them feel special and work hard to make sure their experiences with you going forward are the best ever.</p>
<p>This wraps up the first three areas on how to multiply your maximized resources. If you need help working on any of these ideas or processes, try our FREE test drive to work with an experienced business coach.</p>
<p>Next time we’ll talk about the next three areas of multiplying your resources. They include: Olympic-Size Sales Staff, Open Sea Fishing and Call for Back-Up.</p>
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		<title>Word of Mouth &#8211; Part 3</title>
		<link>https://www.pmgllcus.com/word-of-mouth-part-3/</link>
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		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Sat, 29 Jan 2022 13:58:22 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=888</guid>

					<description><![CDATA[Last time we talked about the second part of word of mouth tactics which help you put together a system to help shorten the purchasing decision time of your customers which can increase your profits immensely. Today we’re going to talk about the nine levels of word of mouth which gives you a tool to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last time we talked about the second part of word of mouth tactics which help you put together a system to help shorten the purchasing decision time of your customers which can increase your profits immensely.</p>
<p>Today we’re going to talk about the nine levels of word of mouth which gives you a tool to measure the word of mouth circulating around your company, products and services. You can then see where you are getting negative or weak word of mouth and find ways to correct it.</p>
<p>So, launching into the nine levels of word of mouth-it should seem relatively obvious that the negative levels are, well, negative and the positive levels are positive.</p>
<p><strong>Minus 4</strong></p>
<p>This is the worst of the worst and means your product is creating a scandal. Remember, when the popular over-the-counter pain relievers, like Tylenol, were deemed unsafe? Yea, you won’t want that kind of word of mouth.</p>
<p><strong>Minus 3</strong></p>
<p>Disgruntled customers are going out of their way to convince other consumers from purchasing your products and services. They are boycotting you.</p>
<p><strong>Minus 2</strong></p>
<p>While, not outwardly boycotting, when customers are asked about you, they will give a negative response.</p>
<p><strong>Minus 1</strong></p>
<p>At this level, people are mildly dissatisfied and while not outwardly talking about it, they will have an opinion if asked. Now they may purchase from you despite their negative feelings, this can be a little confusing.</p>
<p><strong>Level 0</strong></p>
<p>This is sort of a neutral place to be. Customers are using your products, but don’t really talk about it. People rarely ask them about it, so they aren’t sharing their opinion with others. This can be a bit of a slippery slope, because you don’t want to turn that neutral experience into a negative one. In fact, you should work to make it a positive one.</p>
<p><strong>Plus 1</strong></p>
<p>At this level we are finally starting to work our way into the positive word of mouth about you company, products and services. Plus 1 signifies that people are generally pleased with your products, but unless asked, don’t really say anything about them.</p>
<p><strong>Plus 2</strong></p>
<p>When asked, your customers will talk about how much they love your products.</p>
<p><strong>Plus 3</strong></p>
<p>Customers will go out of their way to talk about your products, services, company and their shopping experience with you. This is most evident when you see how people recommend movies to their friends and family.</p>
<p><strong>Plus 4</strong></p>
<p>Your product is the toast of the town. There is an obvious buzz going around and your business is the place to be. People are not only talking about your great products and services, but they are talking about their shopping experience, your customer service and how they perceive the company to help them in the future.</p>
<p>Some great examples of Plus 4 companies are:</p>
<ul>
<li>Lexus</li>
<li>Harley Davidson</li>
<li>Lululemon</li>
<li>Tesla</li>
<li>Apple</li>
<li>Costco</li>
</ul>
<p>&nbsp;</p>
<p>We’re going to leave this lesson for you to mull over and take a look at what kind of word of mouth you are generating. If you need help with this process, try our FREE test drive to get help from our experienced business coaches.</p>
<p>Next time we’re going to talk about the 30 ways to harness the power of word of mouth.</p>
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		<title>Word of Mouth Tactics &#8211; Part 2</title>
		<link>https://www.pmgllcus.com/word-of-mouth-tactics-part-2/</link>
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		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Thu, 20 Jan 2022 12:06:05 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=884</guid>

					<description><![CDATA[In the last post we started our series on word of mouth and talked about how to make your customers purchasing experience a short, easy one. We are going to continue with that theme a bit today. We’re going to talk about the power of word of mouth and how to mold it to your [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the last post we started our series on word of mouth and talked about how to make your customers purchasing experience a short, easy one. We are going to continue with that theme a bit today. We’re going to talk about the power of word of mouth and how to mold it to your advantage.</p>
<p>The reality is everyone needs an advisor to guide them to make a decision. We rely on the expertise of others to make the right decisions as they are explained to us. When you take the time to understand exactly what and how word of mouth works, you’ll see all the great advantages it has to offer you. Remember this path when working to understand word of mouth:</p>
<ul>
<li>Accelerate the decision making process for increased profits.</li>
<li>You can accelerate product making decisions by making the process easier.</li>
<li>Instead of low-ball advertising and the used car salesman approach, try delivering on your word of mouth promises.</li>
</ul>
<p>Traditional advertising draws about one response for every thousand ads and most of those are to ask for more information before the customer even considers purchasing. When you get information from a friend, you are more likely to take their word for it and act. On average customers purchase two out of every five recommendations their friends make. That’s a HUGE difference.</p>
<p>So, what exactly is word of mouth? Well, we know how powerful it can be, but to define it: Word of mouth is a communication that happens between a customer and a potential customer. There is usually a relationship of some kind between these two people with an established level of trust.</p>
<p>Now, compare this to advertising where you are providing a message to a potential customer where they have not established relationship with you or level of trust. Who are they more likely to take advice from? The answer is clear!<br />
We talked above about the benefits of word of mouth now let’s take a look at some reasons why it works. Some of these are:</p>
<ul>
<li>The information is custom tailored to the potential customer because of the friendly relationship of the referrer.</li>
<li>It’s more personal, relevant and believable.</li>
<li>It’s customer driven.</li>
<li>It’s self generating and can take on a life of its own, especially with the information age of the Internet.</li>
<li>It becomes part of the product’s description.</li>
<li>The source of word of mouth can be important and more effective when coming from an expert.</li>
<li>Word of mouth saves you time and money.</li>
</ul>
<p>To fully utilize word of mouth you need to understand:</p>
<ol>
<li>Where is your word of mouth coming from?</li>
<li>What products are being affected by word of mouth?</li>
<li>How is your word of mouth traveling?</li>
</ol>
<p>Once you know these things you can work out a plan on how to trigger more word of mouth. This wraps up this lesson on word of mouth. If you need help understanding word of mouth and how it can impact your business, try our FREE test drive to access our wealth of resources and tools.</p>
<p>Next time we’re going to dive into the nine levels of word of mouth. These levels help you understand which word of mouth is positive and which is not.</p>
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		<title>5 Killer Mistakes &#8211; Part 2</title>
		<link>https://www.pmgllcus.com/5-killer-mistakes-part-2/</link>
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		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Fri, 12 Nov 2021 18:35:15 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=856</guid>

					<description><![CDATA[In the last post, we covered the first two of the 5 biggest mistakes you can make in dealing with big fish clients. Today we’ll cover the third and fourth ones: Taking on More Than You Can Handle. When you take on too much, your business can’t keep up and therefore you can easily lose [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the last post, we covered the first two of the 5 biggest mistakes you can make in dealing with big fish clients. Today we’ll cover the third and fourth ones: Taking on More Than You Can Handle.</p>
<p>When you take on too much, your business can’t keep up and therefore you can easily lose control of everything and find yourself barely functioning. You want your business to be successful, no doubt, but you need to have a plan for how you will handle the growth. Your clients expect great customer service and high-quality products/services, they don’t know or care about your behind-the-scenes operations to get those things done.</p>
<ul>
<li>Look for these signs that you are taking on more than you can handle:</li>
<li>Clients’ needs aren’t being met.</li>
<li>Employee morale is low, clients are upset and you’re in a panic.</li>
<li>You have to react in emergency mode to save accounts.</li>
<li>Your current clients are suffering from trying to keep up with new business.</li>
<li>Profits are going down.</li>
<li>You are just trying to pick up the pieces of your business.</li>
<li>Your clients/customers leave.</li>
<li>Resources are being reallocated.</li>
</ul>
<p>There is a trick called the Mock Fish Plan. This plan can help you react positively when you are facing some or all of these things and help you get your business back on track. This plan will:</p>
<ul>
<li>Help increase sales in a short period of time.</li>
<li>Alter your products/services for the better.</li>
<li>Fulfill promises you made to your clients.</li>
</ul>
<p>There are six steps to this plan:</p>
<ol>
<li>Bring in your best team and have them all help to meet the fish’s needs.</li>
<li>Review your operational system.</li>
<li>Anticipate future problems better.</li>
<li>Communicate better.</li>
<li>Include costs in your quotes.</li>
<li>Always have a backup plan.</li>
</ol>
<p><strong> </strong><strong>All Your Eggs in One Basket</strong></p>
<p>You can allow your company to become dependent on anyone fish. Eventually or for certain periods there is going to be a slowing down period with your fish. To stay in the game, you need to diversify.</p>
<p>If you’ve ever mishandled a fish, you could drive away potential fish as well. In order to keep balance and prepare for a strong future, there are a few things you can do.</p>
<ul>
<li>These things include:</li>
<li>Stay in the loop and try to know what’s going on inside your fish’s company.</li>
<li>Constantly reinvent yourself and stay at the top of your industry.</li>
<li>Stay exclusive.</li>
<li>Try to secure multi-year commitments and contracts.</li>
<li>Spread your contracts out.</li>
<li>Price your products/services correctly.</li>
</ul>
<p>You also need to work to reduce your dependency on your fish. This can generally be measured in sales or profits. Take a look back at the process we’ve used thus far to snag more fish to keep this all in balance.</p>
<p>These are the ways you can help avoid the killer mistakes that can make you lose it all. If you need help with any of these tips or tricks, try our FREE test drive to get the help you need fast.</p>
<p>Next time we’ll talk about the last of the killer mistakes and how to combat it from hitting your business hard.</p>
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		<title>Whose Your MVP?</title>
		<link>https://www.pmgllcus.com/whose-your-mvp/</link>
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		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Fri, 12 Nov 2021 18:32:56 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=850</guid>

					<description><![CDATA[In the last post, we talked about making first contact with your prospective big fish and how to make a positive first impression. Today we’re going to talk about feeling out the personality of your prospective big fish to match the right salesperson to the fish. You need to do this in two steps: Profile [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the last post, we talked about making first contact with your prospective big fish and how to make a positive first impression. Today we’re going to talk about feeling out the personality of your prospective big fish to match the right salesperson to the fish.</p>
<p>You need to do this in two steps:</p>
<ol>
<li>Profile your salespeople’s personalities.</li>
<li>Match the right salesperson to your target fish.</li>
</ol>
<p>There are essentially three different selling personalities:</p>
<ul>
<li>Sage</li>
<li>Pal</li>
<li>Pit Bull</li>
</ul>
<p><strong>The Sage</strong></p>
<p>This salesperson offers knowledge, experience, comfort, and trust. They can make a concerned customer feel at ease. In order to be successful, they need plenty of information, a demo of the product/service, references, and case studies, if possible.</p>
<p><strong>The Pal</strong></p>
<p>Much like it sounds this is a salesperson that shines at building relationships. They can instantly relate to the prospective client and make them seem like old friends in no time. They work best with clients who are looking for friendship, information and in a similar peer group as the salesperson. This can include anything from age and culture to hobbies and nightlife. While sharing experiences can be beneficial to creating a new relationship, your salesperson must always keep it professional and dignified. The resource’s this personality type needs is help pairing with the right client, entertainment (or schmoozing) budget, and the right information to meet the client’s needs.</p>
<p><strong>The Pit Bull</strong></p>
<p>Obviously, this personality type is a little more aggressive than the others. They are all about business and the bottom line. While this may seem harsh to a lot of people, there is a set of business people out there that want the same thing and respect someone who can get down to business and the benefits of a partnership. This salesperson will need to be trusted with a little authority as they will likely be closing deals on the spot. They’ll need plenty of resources and access to products and services. They are best placed in environments where they can work independently, exercise their authoritative discretion, and seal deals quickly.</p>
<p>These can all be successful when each is used in the right selling environment. You can easily see how matching the right salesperson for the client can secure more big fish and for a longer period of time.</p>
<p>If you need help figuring out which of your salespeople fit into these three areas, try our FREE test drive and work with one of our amazing coaches to get your big fish plan in action.</p>
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		<title>Are You Aiding &#038; Abetting E-Myths?</title>
		<link>https://www.pmgllcus.com/are-you-aiding-abetting-e-myths/</link>
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		<dc:creator><![CDATA[Jason Seibel]]></dc:creator>
		<pubDate>Sat, 03 Jul 2021 00:02:45 +0000</pubDate>
				<category><![CDATA[Strategies]]></category>
		<guid isPermaLink="false">https://www.pmgllcus.com/?p=774</guid>

					<description><![CDATA[We are going to embark upon a journey through the world of e-myths and debunk them to help you avoid falling into the e-myth trap. First, let’s take a minute to talk about what an e-myth is. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business with: Desire Some capital [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We are going to embark upon a journey through the world of e-myths and debunk them to help you avoid falling into the e-myth trap.</p>
<p>First, let’s take a minute to talk about what an e-myth is. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business with:</p>
<ul>
<li>Desire</li>
<li>Some capital</li>
<li>Projected a targeted profit</li>
</ul>
<p>This sounds great, but it just not realistic. Think of starting a business as a marathon. Sure, everyone starts out of the gate at a record pace, but after a few miles people start slowing and some drop out entirely. Building a successful business takes stamina and agility.</p>
<p>The reality is that there are many different facets to a successful business and none of them can be ignored if you plan to find success.</p>
<p>Let’s take a minute to talk about the entrepreneurial seizure. This defines the roller coaster of emotions that comes with starting, nurturing and the potential failure of a business.</p>
<p>The emotions that occur, in order, are:</p>
<ul>
<li>Exhilaration</li>
<li>Exhaustion</li>
<li>Despair</li>
<li>Sense of self-loss</li>
</ul>
<p>This is usually caused by the e-myths and assumptions we talked about. You can get your hopes so high on the instant success that even the smallest lag and you are sent into an emotional tailspin. This is also brought on by the stark realization that you can’t do it all and will need help in the areas where you don’t have the knowledge. Now, faced with limited choices you may feel like you need to back out and hide, but don’t do this.</p>
<p>Use our FREE test drive to get the business coaching you need to avoid feeling overwhelmed and defeated.</p>
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