You’re just a Sheep, and that’s okay

You, and I aren’t much different than sheep when it comes to our nature in business and marketing. You tend to follow the path of what others are doing. You do this because it’s safe, and it’s tested. You’re risk adverse, and you’d rather fail doing what everyone else is doing than be the black sheep and fail at something no one is doing. You may not think this is true, but it is. Even if your larger than life ego tells you you’re different. I’m here to say you’re not, and the proof is out there.

sheep, pasture, sheep in pasture

Digital Media

This is the pen where all the sheep are. 10 years ago this was an unkempt grassland just looking to be harvested. Pretty much every player – big and small – has an online presence or will have an online presence very soon. It’s still seen as the ‘shiny’ new thing, and uneducated business owners are dumping thousands of dollars a month into online / social / retargeting / remarketing / SEO / SEM and the list goes on. Why? Because everyone is doing it, and you don’t want to be the black sheep – do you?

Here’s the deal – I’m a firm believer in digital and what it can offer, but let’s pull back the curtain and be self-aware of what’s going on. Your business is currently one of the millions online. You’re just another sheep, so let’s take a look at other, greener pastures shall we.

Direct Mail

This is making a resurgence in the marketing world. Why? Because no one else is doing it. Everyone is obsessed with the shiny objects, and most forgot about what came before the newest, shiniest thing. Maybe your market is different, but I remember getting loaded with direct mail marketing pieces on what seemed to be a daily basis. Now, I usually get a few direct mail pieces at the beginning of the month and that is it. This could be a market for you to exploit. Why be one of millions when you can be the ONLY business in your category mailing direct to your potential customer.

Legacy Mediums

Just like sheep move from pasture to pasture only to come back to where they started and do it all over again. Your business can take advantage of where the sheep used to be, and where they’re headed. Knowing the legacy mediums like print, TV, radio, and direct mail is where businesses used to be throwing their money and now have cut back. This leaves you the opportunity to attack. If you’re going to dabble in one of these mediums – ask your sales rep how many competing businesses in your category are currently advertising. If the number is low – that’s a good sign for you to get an extremely high share of the marketing voice.

Legacy mediums aren’t dying – the fat is merely being trimmed. The strong will survive – the weak will not. I’ve started publishing hyper-targeted monthly magazines that are directly mailed to some of the most affluent people in the country. And we’re one of the fastest growing privately held media companies in North America with close to 3.5 million readers every month. With zero magazines going out of print over the past 7-years. Print isn’t dying. The content has changed a bit, but the medium itself has not.

Go where people used to be or are going to be

One way to gain a considerable advantage in getting your businesses marketing message out is to realize where your competition used to be, and see where it could be headed. It’s impossible to be an early adopter of everything, but at least try and be aware of it. If no one in your category has experimented with e-commerce – take some time and figure out how it works. It could be a HUGE goldmine for you in the future. Or look at other categories of business. What are hotels doing to stay ahead of the curve? You may be in the car business, but you might be able to see how other companies are operating and try and be the first in your category to tap into an untapped market.

New Opportunities

Social platforms are starting to get heavily involved in the e-commerce business. Facebook and Pinterest are both working on, and have launched (in small scale) the ability to buy a product on their platform. No clicking a link and going to a website – you can conduct business directly on the social network. With my wife and I’s online store (EverRose.com) we have the ability to promote our products on our social pages, and with the click of a button you – the customer – can purchase. Unfortunately, these features haven’t been rolled out in Canada yet, but when they are – we’re already optimized and ready to go. We see this as a future opportunity, and we’ll be one of the first to pounce when it’s launched. Total time investment – 5 minutes. Not much when opportunity knocks.

Follow the Sheep

It’s okay to follow, just be aware of WHY you’re doing it, and don’t forget to ask yourself – where did business used to market? Where people have been and where they are going are enormous opportunities for your business to gain market share and invest marketing dollars. Just like sheep go round-and-round looking for the best pasture only to come back to where they started – business is similar. What’s old is new, and what’s new is old. Just be aware of where your market is currently at, and you can gain a distinct advantage on the competition.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft

Putting money where your mouth is

For the past two years I’ve been passing along unsolicited advice…at least what I considered to be advice. I’ve spent close to a million dollars in the marketing realm from Yellow Pages (yes, they still exist) to Facebook ads. Although 99% of this wasn’t money of my own. Through this I’ve learned the ins-and-outs of how each medium of advertising worked.

Now, I have skin in the game. I’ve followed the advice I’ve been dishing out over the years, and am starting to turn the marketing crank on a couple of my businesses. Maybe the below can help out your business. Here’s a look behind-the-scenes:

Facebook

I hate giving my money to Silicon Valley as I’d prefer to keep it local, but there’s no doubt they have built a successful platform, especially when it comes to marketing your goods / services. There are flaws like not being sure if clicks are actually clicks when it comes to your ads, but you can never really know who’s receiving your message and who isn’t when advertising with any medium.

Typically you can expect to see a 0.2 to 0.3% click-through-rate on your FB ads. My wife and I’s Ever Rose campaigns generate a 2.5 to 4% CTR. Impressions are great especially when starting out because the more people who can see the message the better. At the same time you want to craft a message, that resonates with your potential customers. Here’s how we do it:

Ever Rose Modcloth Directed Ad

The above was targeted to women in certain cities across Canada who had an interest in companies like Modcloth (a US competitor of Ever Rose). We pushed the message out to that audience with a very pointed opening line. We know that our potential fans who are interested in online shopping, especially with a US based company have the pain points addressed in the first line. They don’t like paying duties, high shipping costs or having to deal with a pesky exchange rate.

What are the pain points of your customers or potential customers? If you don’t know – you better find out. Ask questions of your existing fans to see why they spend with you opposed to someone else.

Find what you can own, and hammer away your message. In the case above there was no special tactic. We crafted a message that spoke to the audience we knew we could own (we don’t have a HUGE marketing budget), and we targeted the fans of our competition while knowing the pain points of our potential customers.

Fashion Bloggers

Another way we’ve started to roll out the brand is hooking up with influencers on social media, and the blog-o-sphere. Seeing as we’re a fashion brand – it’s pretty easy to find influences. A simple search on Google or #fashionblogger on Instagram and a bunch come up. From there you can see how many followers, shares, etc… these influencers are generating.

We then reached out to these influences, introduced our brand, and asked to be showcased through their social channels. We have to give up some of our product, but it’s totally worth it to get added exposure.

Another avenue we’ve ventured into is hooking up with like-minded e-commerce businesses. For example – there’s a jewellery shop in Toronto that has some amazing products. We could pair many of these items with our dresses. A simple cross-promotion can go along way.

Who can you reach out to that has a strong following on social media or through their blog? Maybe there’s a blog you read. Try reaching out to him / her, and see if they’d be interested in showcasing your brand in exchange of your product / service. Or extend a hand to a similar business that can compliment your product.

Mass Media

There’s no better way to reach a HUGE number of people with your message than mass media (typically radio, print, TV). At the moment – it’s the most cost-effective way to reach the masses – as long as you believe in their method of surveying their audience. Like I mentioned above – there’s no real way to know how many people are receiving your message.

If you have the budget, and you want to put a strangle hold on your market this is the way to go. At this point and time – my businesses wouldn’t benefit from the added exposure of mass media because there’s not enough inventory or resources to fulfil orders / services.

The key with mass media – as it is with any media – is the message. I can’t stress this enough. How do you craft your message? Check out this post from last year.

SEO & SEM

If you have a decent web developer you shouldn’t have to pump a bunch of money into SEO. I know some companies who charge thousands a month to get you on the first page of Google. What a crock. Find a web developer, who has a clue about how to play the SEO game or reach out to John at Summit Protocol. He’ll shoot you straight. And tell him ‘The Guy with the Bow Tie’ sent you.

As for Search Engine Marketing – again find what you can own. My biggest thing is to own my name, or the name of my business. I do this through tagging everything on my site with my name or with the brand name of my website (EverRose.com). You might have to dish out some dough to own your name when it comes to search platforms, but it’s worth it. When you Google me – a bunch of articles / social channels will come up. When you Google Ever Rose – we’ll be the first thing you see. OWN YOUR NAME.

If you have any questions or would like a more in-depth explanation on what I covered above – reach out on Twitter or LinkedIn or comment below.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft

The Unglamorous Entrepreneur

Money, fast cars, yachts, extreme vacations and all the other things you see in the headlines from 20-something entrepreneurs. Unfortunately, those entrepreneurs are like 1 in a million. For you, and I it’s a grind everyday.

You may hold down a 9-5, while dabbling in a business venture you’ve always wanted to launch on evenings and weekends while trying to provide enough family time, so your other half doesn’t run you out of the house. On that note, you may feel like you have to keep the 9-5 going because you want to keep your existing comforts like the house you live in, the car you drive or the ability to go out to your favourite restaurant. Congrats – you’re the Unglamorous Entrepreneur.

Guy With Bow Tie and Mag

My 9 to 5.

Social media and self-worth

Why is it that your friends and family only share updates about the ‘good’ things that happen in their life? Why does it seem like they’re always on vacation? Do these people actually work?

Social media provides a filter for your life. You can pick and choose what you want to showcase, and what you don’t. You don’t showcase the $2500 vet bill after your cat got ill. You don’t hashtag the dinner you burnt or the suffocating cubicle at your 9-5.

However, you’re proud to show off the caribbean vacation you dropped 3k on, the $200 cat tree you just purchased for your furry friend or the new shoes you bought for work in hopes someone will compliment you. Why do you do this? Maybe it’s validation, maybe it makes you feel good or maybe you don’t even know that you’re doing it. Whatever it is…we all do it. We’re always more willing to shine the spotlight on the good opposed to the bad at least when it comes to what we put out into the world.

Therefore – you may be envious of so and so who just got back from their second trip in as many months to Europe. Don’t be. You don’t know what’s going on behind-the-scenes. And what goes on behind-the-scenes isn’t as pretty as you think.

Day in the Life

Here’s a clip of an entrepreneur I follow. You may know him – Gary Vaynerchuk
Not a lot of celebrity or glamour there. Just believing in what you do, and the unrelenting desire to be successful.

Stop trying to go from an idea to a billionaire. Enjoy the journey, enjoy the work, and the process. Maybe you’ll end up where you want to be or maybe you won’t, but along the way you may fall into something that you never thought of. Hell, I own an online dress shop…A DRESS SHOP… that did 1k in sales in 3-weeks with a little to no push. Never have I ever thought I would have a women’s fashion store under my belt, but I do, and I love it.

You can see the end result at www.EverRose.com, and shortly you’ll get to see more on what happens behind-the-scenes. It isn’t glamours – it isn’t sexy – it’s real and that’s all you can be.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft