community

How do we address black lives matter?

October 28, 2020

I admit that I have some trepidation tackling the inequality issue that is part of our country and the world’s focus right now.

But that’s sort of the point, isn’t it? If we don’t get over our discomfort, or in my case, my feeling that this isn’t my time to talk, then we can’t advance solutions all that far.

I will ask for your grace as I muddle my way through this. Like you, I am appalled by George Floyd’s death and am hopeful that the movement it has inspired will help us actually deal with the inequality that permeates our country.

I’ll never know what it’s like to experience discrimination as a consistent part of my reality, so I can’t speak to that. But I do know how we, as organizations, approach and talk about important and sensitive social issues can either serve our community and our companies well or put us quickly into crisis mode.

That’s the very specific lens through which I believe I am qualified to offer some guidance.

So, how should our businesses be responding?

If your company has already made or is planning to make a public declaration in an ad, shared a meme or made a statement on social media, or sent an email to your team or clients, then I believe you must commit to doing more than that.

We’re already seeing organizations being accused, often by their own employees, of hypocrisy and posturing, rather than genuinely being committed to being part of the solution. From a communications standpoint, how do we make it clear that this isn’t just for show?

This problem wasn’t created in a day, and we aren’t going to eradicate it in a day. It’s going to take many daily decisions, policy and program changes, law changes, etc. And we need to live those choices and actions out loud.

As we move past our initial expressions of outrage and actually start taking action to affect change, we need to expose our efforts and our progress to our employees, customers, and community.

One idea that I think has merit is creating a report card for your organization. On the report card, list all of the areas where inequality exists in your company. For example, if your employee population lacks diversity, depending on how severe the problem is, you might give yourself a D.

For each area on the report card, work with your employees to create an improvement plan, and then publicly review your grade quarterly. Be transparent about your plans, progress, and challenges. You might even consider posting your report card on your website.

Depending on the specifics, you could invite others to participate in the quarterly scoring. For example, your employees could weigh in on your diversity training efforts or your corporate giving practices. You can ask your customers to give you feedback on how safe and respected they feel when they’re in your place of business or interacting with your employees.

What I like about this idea is that it represents the reality that we’re going to be addressing this issue for a while, and it’s going to require incremental growth and change. It also makes it clear that your company and its leaders are not just giving lip service to this social concern.

This level of transparency will build trust and confidence in your efforts and encourage your employees, clients, and our community to support and ideally, join you in your efforts.

If the report card idea isn’t for you, then take its basic tenants and create your own accountability tool. But that’s what it’s going to take – us holding ourselves and each other accountable as we tackle the systematic and institutional racism that exists in every facet of our society today.

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In these unprecedented, challenging times of togetherness

October 21, 2020

We have reached the saturation point for trite phrases that signal to your audience that you are trying to acknowledge the fact that pandemics are not the norm. These words and phrases have been overexposed to the level that they are now like chalk on a blackboard – creating a screeching noise in our mental ear so distracting that we actually lose the point of the message.

I am pretty sure there is not a human being on the planet that does not know we’re living through an unprecedented and challenging time. Which means you can skip the setup and get right to the message.

Here’s what people want to know from you now:

Are you open? If so, have your hours changed? Do you require masks or some other change in how they’re used to interacting with you? If you’re a retail establishment, are you controlling the number of people in your store at the same time? Do I get a number or do I check in somewhere? How/where do I wait?

If you’re a B2B organization, are you back in the office? Are you conducting face-to-face meetings again? Have any of the rules of engagement changed?

Are you doing business differently? Are you shipping your products in a new way? Is there a change in your payment policies? Are you keeping some of the delivery models you developed during the lockdown? Are you delivering some things virtually that you used to do in person?

Are you having issues with your products or services? Will there be delivery delays or are there certain products or services you can’t offer right now? Is there a longer than usual window for deliveries? Are you anticipating any problems with your supply chain that may impact me?

How are you staying safe and keeping me safe? Have you increased your standards or the frequency of your cleaning schedule? Are you wiping down surfaces between customers? Is your warehouse doing anything different so my items are packaged in a noncontaminated way? How are you helping other customers keep their distance and protect us from each other?

How can you help me right now? Beyond your products and services, are there any special deals or arrangements you’re offering because of the current circumstances? Different delivery models? Relaxed payment schedules? Added incentives or bonuses for buying now?

How are you? They genuinely want to know how you and your business have fared through the last few months. Are you okay? Were customers nice to you during all of this? Did you have to let go of some of your team or close a location?

Your marketing messages should be focused on what your customers and prospects actually want to know. That’s not a C19 recommendation – that’s just marketing 101. But given that everyone’s on edge and any little thing could deter them from buying at this moment – it’s even more important to be sensitive to what they really need.

But even more than that — if there was ever a time to humanize your marketing, it is now. Everyone’s emotions are raw. Everyone has suffered loss over the last few months. And everyone is gingerly stepping out, afraid of what might be waiting around the next corner.

You have an amazing opportunity to demonstrate your compassion, understanding, and commitment to your audience by stepping away from the trite phrases and communicating as authentically and empathetically as you can.

Invite them back, help them remove as much of the worry and anxiety about doing business with you that you can, and encourage them to share input and feedback.

Demonstrate that you actually are in this with them, as opposed to just using the hashtag.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

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How to market when no one is listening

October 14, 2020

We are in unprecedented times. As our country and state continue to deal with whatever the coronavirus throws at us, it’s a little tough to be thinking about your next marketing tactic.

I want to remind you that this isn’t actually the first time most of us have seen a season like this. 9/11 and the Great Recession were very similar. Events outside of our control had an incredible impact on the economy, our businesses, families, and personal finances. This particular threat feels even more imposing because we’re also facing a health concern.

The country will survive this. The question is – how will businesses fare? There’s no doubt that companies have been harmed. Our goal is for you to mitigate as much of the risk as possible and prepare your organization for the calm that always comes after the storm.

That’s the good news – no storm rages on forever. There’s always a calm that comes after the storm has run out of steam. We’ll get to that point too, just like we did after 9/11 and the recession. But first, we have to do all we can to survive the storm.

How do you market when no one is listening, and even if they are, they’re probably not in a position to buy? It’s time to move to a long-term strategy. What you do now isn’t about immediate sales. It’s about making a sale in six months or a year.

This is not the time to capitalize on the situation. We’ve already seen opportunists re-tooling their marketing to seize the opportunity. When people are in panic mode, they don’t react well to feeling taken advantage of by someone they thought they could trust.

No sale or coupon is going to get people to care about what you have to sell right now unless it’s a necessity as they wait out this storm.

It’s time to shift entirely into “be of service” mode. It’s time to focus your attention, time, and efforts into helping your customers, prospects, and employees through this season.

How can you help? That’s the question to keep asking yourself. What can you do that will genuinely be of service to your most important audiences?

Let me give you an example.

Shine Distillery & Grill, a small distillery in Portland, OR found a unique way to help. The first batch of alcohol in their distilling process isn’t drinkable. They’ve been throwing it away after using a little bit of it as a cleaning agent to keep their facilities shiny and disinfected.

At the onset of the pandemic, as they watched people scrambling to find hand sanitizer, it occurred to them that they might be able to help others during the coronavirus. They reached out to local authorities to find out what they would have to do to use their waste alcohol as a sanitizer. Turns out as long as they’re not making medical claims – they can bottle it and give it away. It’s an 80% alcohol solution that is well above the CDC’s 60% recommendation.

Maybe you can’t replicate that. But perhaps you can create some financial relief through a payment program for your customers and then build a communication strategy around that. Perhaps you can hold educational webinars that help your prospects, and customers save money or serve their customers better in this odd moment in time. What if you gave your smaller customers access to some of the perks that your more prominent clients enjoy?

That’s being of service without remuneration. For now. I believe that kind of generosity is our marketing mandate right now.

Be of service.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

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You didn’t get there on your own

September 16, 2020

One of the contributors to every organization’s success is the business partners that come alongside us to serve our clients better. Most businesses are reasonably good at showing their appreciation for customers. But the vendors who often save the day don’t always get showered with the thanks they deserve.

One of the truths of being in business is that sooner or later our clients get in a jam and we have the opportunity to save the day for them. But we rarely do that without an assist. I think in those moments, we probably gush with praise. As we should. But in the calm of “normal” workdays, our business partners are often the unsung heroes.

Harvard Business School and Wharton published research that shows that expressing your gratitude can result in a huge spike in a vendor or partner’s investment and willingness to help your business when you are in a jam. And if there is a given, it’s that we’re going to be presented with the opportunity to help a client navigate their way out of a mess.

I’ve seen some really wonderful ways that businesses express their gratitude to those save the day partners. But the common thread that connects all of them is that they’re intentional and calendared. If we don’t assign it that level of importance, it will get lost in the chaos of our day.

The suggestions below are not new ideas. And you’ve probably done some of all of them once or twice. What I am suggesting is that you magnify that occasional burst of gratitude by systemizing them. Which one of these, or a variation of one, would work for your organization?

Send your thanks up the chain: When someone at one of your partner companies goes above and beyond, don’t just thank them, send a note (not an email) or letter, celebrating what their teammate did. Let them know that the extra effort is what you value most about your work with their company and how it has earned your confidence and loyalty.

What if you identified one partner a month to celebrate with a letter to their boss? Get it on your calendar, so it actually happens.

Create connections: There isn’t a business you work with that isn’t looking for new customers. If they’ve been a rock star for you, odds are they can deliver that same level of service to other businesses in your network.

Do you send out a monthly newsletter? Or hold a holiday party for clients and prospects? Why not spotlight a vendor who is worthy of some extra praise?

Invite them in: One of the most impressive ways to thank a good business partner is to be a better customer. Why not ask your best vendors to help you refine the way you work with them? I’m guessing they have some pretty interesting ideas that will help you bring even more value to your customers, make your processes smoother, and elevate your product or services.

This could be a monthly or quarterly initiative. Ask your team who has demonstrated a depth of expertise that you could tap into and invite them in. This collaborative brainstorming will make your company better and deepen the relationship you have with that partner.

We should thank our vendors because it’s the right thing to do. But if you need more incentive, just remember that there’s another jam around the corner, and our business partners can be our best referral sources.

Gratitude can be your business’ superpower when it’s heartfelt and shared liberally. Give it a go.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

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How do we address black lives matter?

July 1, 2020

I admit that I have some trepidation tackling the inequality issue that is dominating our country and the world’s focus right now. But that’s sort of the point, isn’t it? If we don’t get over our discomfort, or in my case, my feeling that this isn’t my time to talk, then we can’t advance solutions all that far when it comes to addressing Black Lives Matter.

I will ask for your grace as I muddle my way through this. Like you, I am appalled by George Floyd’s death and am hopeful that the movement it has inspired will help us actually deal with the inequality that permeates our country.

I’ll never know what it’s like to experience discrimination as a consistent part of my reality, so I can’t speak to that. But I do know how we, as organizations, approach and talk about important and sensitive social issues can either serve our community and our companies well or put us quickly into crisis mode.

That’s the very specific lens through which I believe I am qualified to offer some guidance.

So, how should our businesses be responding?

If your company has already made or is planning to make a public declaration in an ad, shared a meme or made a statement on social media, or sent an email to your team or clients, then I believe you must commit to doing more than that.

We’re already seeing organizations being accused, often by their own employees, of hypocrisy and posturing, rather than genuinely being committed to being part of the solution. From a communications standpoint, how do we make it clear that this isn’t just for show?

This problem wasn’t created in a day, and we aren’t going to eradicate it in a day. It’s going to take many daily decisions, policy and program changes, law changes, etc. And we need to live those choices and actions out loud.

As we move past our initial expressions of outrage and actually start taking action to affect change, we need to expose our efforts and our progress to our employees, customers, and community.

One idea that I think has merit is creating a report card for your organization. On the report card, list all of the areas where inequality exists in your company. For example, if your employee population lacks diversity, depending on how severe the problem is, you might give yourself a D.

For each area on the report card, work with your employees to create an improvement plan, and then publicly review your grade quarterly. Be transparent about your plans, progress, and challenges. You might even consider posting your report card on your website.

Depending on the specifics, you could invite others to participate in the quarterly scoring. For example, your employees could weigh in on your diversity training efforts or your corporate giving practices. You can ask your customers to give you feedback on how safe and respected they feel when they’re in your place of business or interacting with your employees.

What I like about this idea is that it represents the reality that we’re going to be addressing this issue for a while, and it’s going to require incremental growth and change. It also makes it clear that your company and its leaders are not just giving lip service to this social concern.

This level of transparency will build trust and confidence in your efforts and encourage your employees, clients, and our community to support and ideally, join you in your efforts.

If the report card idea isn’t for you, then take its basic tenants and create your own accountability tool. But that’s what it’s going to take – us holding ourselves and each other accountable as we tackle the systematic and institutional racism that exists in every facet of our society today.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

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Does it even matter?

June 10, 2020

Two months ago, we couldn’t imagine anything worse than the coronavirus pandemic. But at least we were in it #together. And now, in the past week, we’ve seen just how not together we all are as we watch our country unravel in cities far away and right here in Des Moines. As I write this, people are afraid to leave their homes, not because of the virus but because of their neighbors.

There have been moments in my life when I have questioned my professional calling. Surely I could do something nobler than marketing. I can’t do blood, so being a doctor or nurse was never in the cards. But I could have been a lawyer or a policeman or run a non-profit.

Would the world have made better use of my talents in one of those professions?

I suspect some of you may be finding it challenging to even think about business or marketing right now.

You may be wondering if it even matters. Is anyone listening, or is the world’s noise so insistent that they can’t even contemplate anything beyond their own survival?

I believe what we do does matter, and I believe we have a unique role in helping the world be a better place for all human beings.

It’s probably always been true, but in the last decade, the marketplace has made it very clear. People want to do business with companies that stand for something. Who defend something. Who fight for something. Who believe in something and, most of all, who are willing to take action to change the world in alignment with those beliefs.

That’s not to say you can’t or shouldn’t sell your products or services. In fact, the research is clear. When you declare your corporate position on whatever issues you choose to tackle or help resolve, your consumers want to buy even more of what you sell. That’s their version of high fiving you.

Whether you are a solopreneur or the CEO of one of the largest companies in the US, the opportunity is the same. We can build a community made up of our employees, our customers, and our prospects, and we can share those beliefs. We can talk about what we are doing to accomplish social change, and we can invite our community to be a part of our efforts.

I’m not suggesting that every business should jump onto the #blacklivesmatter bandwagon because of what is happening right now. If that is genuinely an issue you want to fight for over the long haul as an organization, by all means – stand up and be heard.

But for this to work, for both the world and for our own hearts, who are wondering if we’re making a difference in our career of choice, this can’t be a superficial cause of the month situation. As we have seen time and time again, systematic change is neither quick nor cheap. You don’t just run an ad out of solidarity and then go back to business as usual. If you are not ready to devote resources to this and weave the fight into all of your business practices and policies, then don’t bother.

The world is reminding us, loud and clear, that each of us plays a role in the kind of world we share. While we all can and should speak up as individuals, some of us can do even more.

I believe as marketers and business leaders, we have a unique and powerful opportunity to have incredible influence in shaping the future for ourselves, our neighbors, and future generations.

You have a platform and a megaphone. Use them well.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

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In these unprecedented, challenging times of togetherness

May 27, 2020

We have reached the saturation point for trite phrases (unprecedented, challenging) that signal to your audience that you are trying to acknowledge the fact that pandemics are not the norm. These words and phrases have been overexposed to the level that they are now like chalk on a blackboard – creating a screeching noise in our mental ear so distracting that we actually lose the point of the message.

I am pretty sure there is not a human being on the planet that does not know we’re living through an unprecedented and challenging time. Which means you can skip the setup and get right to the message.

Here’s what people want to know from you now:

Are you open: If so, have your hours changed? Do you require masks or some other change in how they’re used to interacting with you? If you’re a retail establishment, are you controlling the number of people in your store at the same time? Do I get a number or do I check in somewhere? How/where do I wait?

If you’re a B2B organization, are you back in the office? Are you conducting face-to-face meetings again? Have any of the rules of engagement changed?

Are you doing business differently: Are you shipping your products in a new way? Is there a change in your payment policies? Are you keeping some of the delivery models you developed during the lockdown? Are you delivering some things virtually that you used to do in person?

Are you having issues with your products or services: Will there be delivery delays or are there certain products or services you can’t offer right now? Is there a longer than usual window for deliveries? Are you anticipating any problems with your supply chain that may impact me?

How are you staying safe and keeping me safe? Have you increased your standards or the frequency of your cleaning schedule? Are you wiping down surfaces between customers? Is your warehouse doing anything different so my items are packaged in a noncontaminated way? How are you helping other customers keep their distance and protect us from each other?

How can you help me right now? Beyond your products and services, are there any special deals or arrangements you’re offering because of the current circumstances? Different delivery models? Relaxed payment schedules? Added incentives or bonuses for buying now?

How are you? They genuinely want to know how you and your business have fared through the last few months. Are you okay? Were customers nice to you during all of this? Did you have to let go of some of your team or close a location?

Your marketing messages should be focused on what your customers and prospects actually want to know. That’s not a C19 recommendation – that’s just marketing 101. But given that everyone’s on edge and any little thing could deter them from buying at this moment – it’s even more important to be sensitive to what they really need.

But even more than that — if there was ever a time to humanize your marketing, it is now. Everyone’s emotions are raw. Everyone has suffered loss over the last few months. And everyone is gingerly stepping out, afraid of what might be waiting around the next corner.

You have an amazing opportunity to demonstrate your compassion, understanding, and commitment to your audience by stepping away from the trite phrases and communicating as authentically and empathetically as you can.

Invite them back, help them remove as much of the worry and anxiety about doing business with you that you can, and encourage them to share input and feedback.

Demonstrate that you actually are in this with them, as opposed to just using the hashtag.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

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I can’t hear you

April 15, 2020

If you have children or an obstinate dog, you know what it feels like to be speaking perfectly clear and simple English, and yet it’s like you are alone in the room. The dog is engrossed in a bone or chasing the cat. Your kid is watching their favorite TV show or has their nose in their iPad or computer game.

You could be offering them a million dollars (or a million bones), and they’re just not on the same frequency. They might not even notice that you’re talking because you’re on the wrong wavelength.

That’s the reality of the marketplace right now. There is no special pricing, no coupon, no financing option that you can offer right now that is going to draw your prospect’s attention away from where they’re focused.

Right now, they’re worried about their job security, if their business will survive the COVID-19 shutdown, homeschooling, finding toilet paper, and fashioning a mask for their next grocery store outing.

Previously we discussed that until they’ve answered these very basic needs, they’re just not going to be receptive to any sales message unless what you happen to sell helps them solve one of the problems they’re focused on right now.

If you’ve been watching TV or been online, you’ve started to notice a shift in advertising messaging. It has moved away from selling, and most of the more prominent national brands are simply saluting everyday heroes like doctors, nurses, and first responders. Or they’ve modified something in their delivery model to better serve their audience during this shelter-in-place economy.

They are speaking to their audience in a way that they can be heard because they’re talking about the same topics that are already occupying the minds of their constituency.  They’re finding the frequency that the audience is tuned into and showing up there.

What frequency should you be broadcasting from? Right now, it’s the community outreach frequency.

You could:

• Host a drive-through food bank drop off at your location (car dealerships)
• Create downloadable posters with positive messages that kids could color and their families could hang on their front door (any business that works with kids)
• Curate easy to cook dinner recipes from within your community of customers (local restaurant)
• Offer simple mask making instructions along with a how-to YouTube video (fabric store or security company)
• Collect donations to provide food and shelter for all of the animals being abandoned at this time (vet clinic or pet supply store)
• Offer your products or services for free for first responders, medical professionals or delivery drivers (just about anyone)
• Offer free counsel to business owners (attorneys, CPA, etc.)

The key to this act of service is that it needs to be tied to what you do. If you’re a medical supply company, the mask pattern makes sense.

It doesn’t make sense if you’re an HVAC company. But all of us can and should do something. It’s the only frequency our audience can hear right now.

Then, use your advertising dollars, social channels, customer groups, and any other communications vehicles to invite your customers, prospects, and the community to join with you to help. Or, use those same outlets to celebrate and thank our local heroes.

For example, Big Al’s BBQ & Catering is offering free meals to long haul truck drivers since their food options are pretty limited right now. They can’t go into a restaurant, and you can’t take a big rig through a drive-thru. Big Al’s is promoting their generosity on their Facebook page and inviting their customers to help.

How about you – what could you be saying that your audience is ready to hear?

Originally published in The Des Moines Business Record as part of Drew’s weekly column series.

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The first stage – marketing during a community outbreak

April 8, 2020

There are so many unknowns that we are dealing with today in relation to COVID-19. But there is one certainty. This will pass, and we will move into a new normal. We aren’t going to just pick up where we left off before COVID-19. The truth is – like any other event of significance, this moment in time will change the way we do business. The way we interact will change, in some way, each of us.

But there will be a time, just like after 9/11 and the’ 07-’08 recession when it will feel okay again, and we will go back to business with the same vengeance as before the pandemic.

There are three distinct stages we’ll experience on our way to a new normal, and in each phase, we must think about marketing a little differently.

We are in the first stage, community outbreak. As we’ve all experienced in the last couple of weeks, we have moved into a homebound economy. For most people, they’re still experiencing a mix of disbelief and fear related to the virus. Some have cocooned in their homes, taking social distancing to an extreme. Others, on the opposite side of the spectrum, may be working from home, but they’re still socializing with neighbors on their driveway, going out shopping, and trying to cling to a pre-COVID-19 normal.

As your audiences grapple with accepting this situation, they are not particularly open or in a position to buy anything beyond essentials. Like Maslow’s Hierarchy of Needs, they’re focused on covering their basics. If you sell to consumers, they’re spending on food and supplies to keep their family safe and entertained. If you sell to businesses, they’re scrambling to figure out how to function with a 100% remote workforce and are worried about their own revenue challenges.

Both groups are hoarding cash out of fear because there are so many unknowns. Even if you offered them the best deal on the planet – they can’t hear you right now.

During this phase, there are two major marketing mistakes you can make. The first and most offensive is to keep selling. At best, you look tone-deaf to the situation, and at the worst, you look greedy and uncaring. The second major mistake is if you go silent. Coming up, I’ll show you data on what happens to organizations that disappear from the marketplace during a financial downtown like the one that followed 9/11.

What we can and should do right now is move from selling to serving our community in any way we can. A great example of that here in Des Moines is RE/MAX Precision. They’re distributing activity packets for four different grades (pre-K to 3rd) free of charge, and the 200+ families who have received the packets have been, as you can imagine, very thankful.

An ad agency in Bangor Maine, Sutherland Weston, created a free guide of all the places and special times that seniors and people with compromised immune systems can shop in their town. Both are excellent examples of how you genuinely help and build your brand at the same time. There’s nothing wrong with doing both.

Beyond serving the needs of the community, which should be our first priority, businesses can and should still be communicating. Instead of selling, shift to educating, and informing. Your audience isn’t in a position to buy right now, but that doesn’t mean you can’t help them today. For now, you can stay relevant and valuable to them by sharing with you know in a way that serves them right now.

Be of genuine service today. It’s the right thing to do. But it will also the right way to market right now.

Originally published in The Des Moines Business Record as part of Drew’s weekly column series.

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Community Building

July 24, 2019

Most recently, we looked at the idea that content marketing efforts often stop short of actually building a community and by doing so, brands miss out on the incredible benefits of that strategy. The phrase “build a community” is nebulous so I wanted to give you a concrete example to spark ideas as you look forward to building out your 2020 marketing plan.

One of the most effective ways to build community is to bring your audience together to learn, discuss shared challenges, and to encourage them to be both the student and the teacher. One of our clients hosts an annual event that yields incredible results. Their annual one-day event focuses on sharing best practices and trends for the industry they serve.

They only invite clients and key prospects. Every invitee covers their own travel expenses but after that, it’s all on the brand. They host a full day of speakers, panels, and small group discussions. Everyone walks away with new connections, ideas, and renewed energy for tackling their shared concerns.

For their clients, it’s a perk of working with this company. For their prospects, it’s an opportunity to learn while learning more about their potential partner. But look at it from the brand’s perspective. Their best, happiest clients are mingling with their biggest prospects. What do they have in common to talk about? Two things. Their industry and the company that is hosting the event.

They bring in some big name outside speakers but most of the presentations are done by members of the host company’s team. This positions them as subject matter experts and they use case studies and other successes as examples as they teach. Imagine people flying to you, so you can walk them through your case studies of how you solved your customer’s problems.

When we do the ROI report for this event, the numbers are impressive. For a hard cost of around $40,000, our client will generate $300,000+ annually in new opportunities from both existing clients and prospects who become clients. In addition, the retention rate on the clients who attend is three times better than those that they can’t convince to come.

They keep that audience connected and give them additional opportunities to be both teacher and student throughout the year so that when they come back together at the next event, the ties are even stronger.

One of the aspects of this event that I really love but may seem counter-intuitive is that if a client is no longer working with the host, they’re still invited to the event. This is a bold move that’s aligned with the company’s values around relationships. In many cases, those former clients become clients again and even if they don’t, they become a referral source.

For some of you, this may be out of reach, at the scale they do it. But that doesn’t mean you can’t create community by bringing your customers together. If most of your clients are local, host quarterly breakfasts that spotlight a specific challenge. If your clients are scattered all over the globe, leverage technology and create learning groups. Host the meetings on a platform like Zoom so everyone can still see each other as they learn together.

The key elements are that it has to be educational, not promotional. You need participants who are willing to share what they know as well as learn from others and it can’t be a one-time thing. No one forms a lasting bond after one encounter. Be mindful and realistic in terms of what you can sustain, quarter over quarter or year over year.

This isn’t a quick win but the gains can be substantial, both from a revenue point of view but equally important, from a relationship, referral, and retention point of view.

 

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