Jonathan: And then what happened?
Zev: I had a choice to make as an immigrant with a six-month-old baby; work for IBM and climb the sought-after corporate ladder or work for small businesses where, if I was good, would provide me with an opportunity to grow professionally and financially. I was never interested in titles or corner offices anyway. It was a strategic, career decision but it worked out very well for me and I was able to learn first-hand, in “the trenches of small business” what it takes for small companies to survive and thrive.
Jonathan: So how did marketing fit into your plan?
Zev: Without dating myself, I am one of few professionals that has experience that extends way before the Internet and well into the 21st century. It has awarded me an extensive and very interesting perspective on how to grow a business but especially on marketing.
Jonathan: Since you brought it up, what do you think has been the most influential aspect of the Internet, or the digital revolution, on retail businesses?
Zev: I am going to get some people angry with my answer but if you bear with me, you’ll understand why I believe I’m right. When I do public speaking or workshops I always ask the audience this question: “Do you think it was easier or more difficult before the Internet to grow a business?” The majority always answer, “it is much easier today than it has ever been to run and grow a business,”. Sorry, wrong answer – remember, I’ve done both and I can say unequivocally that today is way more challenging than pre-Internet.
Here’s why: Remember the saying, “if it was that easy everyone would be doing it?” – that’s exactly my point! Every business owner and entrepreneur has access to the full range of digital platforms and products to promote their business. The result an overwhelming marketing noise that continuously hits our prospective customers. This constant barrage of messages, posts, videos, paid advertising that rank high on Google, etc., is not only challenging from a business standpoint but more importantly, it overwhelms and confuses our customers.
Jonathan: That is an interesting perspective so why does it matter, or maybe the question is “so now what should a retailer do”?
Zev: It matters because differentiating yourself is incredibly challenging. Which brings up to marketing – I like simplicity and dislike jargon so here’s the role of marketing in one sentence: “Get your business noticed in a way that drives qualified leads, or prospective buyers, to engage and learn more about you.” But here’s the thing, it doesn’t and shouldn’t end right there. While in my core I am a marketing specialist, I have always ensured that my responsibility covers what I call The Three Pillars of Growth in business: Marketing, or “get the leads in”, Sales or “convert them to paying customers”, and Customer Service or “never ever give them a reason to think about leaving”.
All of this is especially critical for retailers – whether you are a fashion boutique, wine shop, or a restaurant owner, you’ve got to go through the painstaking process of identifying what makes you unique. The best way for retailers to do that is also the simplest way: Speak to your customers, get to know them and let them tell you how they make a buying decision.
Jonathan: So retailers should ask their clients right after they make a purchase why they just made that purchase from them?
Zev: Let me first state that this is incredibly critical, but it is also hard work. You can’t just send a survey and expect the work to be done. How many customers love to complete surveys? Not many. The best way, the one I recommend without hesitation, is to speak to your customers. Engage your customers when they come to your business. Engage them before, during, and after they leave. They will appreciate the attention and will tell you what you want to know. For example, ask them which Facebook pages they follow, what blogs they read, what podcasts they listen to, what other sources of information they subscribe to. Ask them what it important to them when they shop at your store. Is the service? Do they value you are two minutes away from their office? Ask them how you rate when it comes to fulfilling their expectations? It’s not difficult to have a conversation, but be strategic about what you ask and what you want to know. Lastly, you need to commit to getting this feedback.
Jonathan: If we can pivot, it seems that all everyone talks about is marketing these days: web-marketing, brand-marketing, email-marketing, social media-marketing, etc. Are they missing something?
Zev: Absolutely. Look how many webinars and “secret tips to crush your next marketing campaign” books and podcasts are out there. There are quite a few gurus and self-made experts who claim they uncovered the secret to successful marketing; some of them are brilliant marketers who are making a lot of money on the backs of desperate entrepreneurs. But most are not because despite their claims, no one has been able to demystify human behavior. It may appear simple, that a “red” call to action button is the color that will make a human to press it. I’m sorry, but whatever study was run to suggest that, next week “blue” may win. While color may certainly play a role in decision-making, what takes place before you get to press the button is way more critical.
Jonathan: So how do we figure out what works and what doesn’t?
Zev: Marketing is a science – it’s not a “thing” where all you do is post stuff on Facebook, LinkedIn etc. My favorite saying to our clients is, “likes don’t pay the bills”. You simply can’t make assumptions; instead all we do in marketing is test, retest and test again. I don’t know if red or blue is the color this week, so I run two ads and compare the responses.
Jonathan: With Social media everywhere, are we spending too much time marketing on it?
Zev: That’s a great question and the answer is actually quite simple: When marketing ‘works’ i.e., creates a consistent and sustainable growth for your business, it is always a result of the cumulative efforts of marketing, not just social media but direct mail, email, PR, etc. It is a balancing act using multiple platforms and tools but the most critical aspect of doing anything in marketing is “know your customer!” We have the ability to reach the masses but the key to success is identifying who your customers are (the multiple groups and segments) then spending time constructing their “profile”. Intimate knowledge of your ideal customer is the key to success.
Jonathan: What do you think is the biggest challenge small retailers face today?
Zev: Get out of your own way. One of the most frustrating aspects of working with entrepreneurs is their increasing lack of patience – everyone wants guaranteed results or what I call “the endless chase for certainty.” Owners must commit to a marketing budget (free marketing doesn’t work) then let a marketing professional implement a scientific approach to business growth – identify your customer, make some assumptions, present marketing “ideas” and measure what works. Testing, by virtue of what the word means, requires multiple approaches and the patience to learn from them. Every client we speak with starts with, “so if I commit a budget to this it will work right?” – No, I would rather than you invest less but commit more in the form of patience and allowing us to intimately engage with your prospects.
Jonathan: I am curious, is there one person that influenced you the most when it comes to marketing?
Zev: Absolutely and it is Seth Godin. I’ve followed him for over twenty year and I truly consider him a marketing genius – not from an intellectual perspective, although I wish I had his brain, but from his ability to “see” clearly and deeply what marketing is all about. Seth’s mantra that I have adopted throughout my career is rooted in his “Purple Cow” book – or to quote a title of another book, “Differentiate of Die” – especially nowadays where there is so much marketing noise out there, we must find a way to get noticed (Purple Cow) and then find a way to engage at a deep and meaningful way in order for marketing to actually generate results.
Jonathan: Zev thanks for your time and insights, and one can read more about Zev and his marketing, sales and customer service approach at www.ledaza.com. You can also reach him at email@example.com or call him on his cell because that’s how he’s most accessible at 631.875.4103.