Journey of the Do – What’s in a name?

The name of your business is one of the most overlooked, and important parts of your business. Some owners will use their personal name or pull something out of thin air, and say, “That sounds good.”  This may have worked 50 years ago, when there was only one baker, locksmith, carpenter, etc… Now, it’s an extremely competitive market with you not only having to compete with businesses in, and around your community, but also around the world.

So what’s in a name?

This week I had someone refuse to work with me based on the name effUmarketing. She thought it was highly inappropriate. I said, “Good!” A name is supposed to evoke a response…a feeling. I was thrilled when it brought upon that feeling. Why? Because it means she felt something for my brand. She will probably never forget me now. Funny enough, effUmarketing also evokes a strong emotion in the people who do work with me. They love the name, they love how it’s different, and they love how it immediately shines a light on who I am for, and who I am not for. If you’re a church group – I’m probably not for you. If you’re someone who has a bit of an edge, and isn’t afraid to piss a few people off – then I’m for you.

In a world where everyone has a say (thanks internet), you have to stand for something. When you stand for something – you’ll have people who love you, and people who hate you. Those are the facts, and if you want to get into business you’ll have to accept that. Some of the savviest business owners get this, and aren’t afraid to flaunt it. Mercedez-Benz is Mercedez-Benz for a reason. They’re a premium brand, and they showcase it at every moment. When they design a car, the don’t design it for a low-income family in mind.

What’s your sandbox?

When you first went to school you immediately found people formed groups. Usually the girls stuck together, and the guys stuck together. Then as you got older, the jocks hung out, the nerds, the theatre people, etc…Think Breakfast Club. This happens for a reason. People play in a sandbox where they’re most comfortable. They like hanging out with people with similar mindsets, and interests. Think about who you hang out with. It probably says a lot about who you are.

sandbox, empty sandbox, kids toys in sandbox

Who’s playing with you?

In business – you have to be aware of what sandbox you’re playing in. Mercedez-Benz is in a certain sandbox, Dodge is in a certain sandbox. Yes, they have others playing in that sandbox, but they’re self aware of who they are, and who they’re playing with. The same can be said for Facebook, and Snapchat. Facebook encourages you to share everything publicly, where Snapchat is for those who want to have some privacy.

Quick test

When you understand what sandbox you’re playing in or going to be playing in find similar companies, and look at their name, their logo, the look and feel of their website. What are they trying to convey? How do they make you feel? Once you get an idea of who’s doing what in your sandbox – that’s when you should start thinking of a name. Is it going to be a hard name like effUmarketing or is it going to be a softer name like Ever Rose (my fashion company – coming soon). What colours are you going to use to convey a certain feeling?

When naming your business, try to stay aware from something that can become an acronym. How many names can be shortened to BBC, CAA, DLP, MNP, etc… If you can find one word, that may sound ridiculous at this present time for your company use it. Google is a ridiculous name when you think about it. At the same time, it’s different, sounds good off the tongue, and it’s kind of fun to say.

Questions to ask yourself: Does your name convey the mindset you’re in? Does it convey a feeling to those who could be your potential customers? Remember your sandbox, and then find a name.

In my case – if I had a different name other than effUmarketing – I probably could’ve worked with the potential client I mentioned above. However, she probably doesn’t share the same mindset or the same values as I do. Which probably means we wouldn’t get along, my ideas would be watered down, and I wouldn’t be a very effective partner for her.

Don’t be afraid of who you are, what sandbox you’re in or who your customers are. A name will help build that identity for you. A name will create a feeling, and following. We haven’t changed much since we were kids. Find your sandbox, know your identity, and create a name that reflects that.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft

Journey of the Do – stage 10 – Your own media company

I’m not the first to mention this nor will I be the last. In this changing age of tech anyone and everyone can be a media personality. Even your brand can have it’s own channels to promote and market your product. One of the folks who pioneered this trend is Gary Vaynerchuk. He’s a little over the top, but it works for him. He reinvented his father’s retail wine store into an online juggernaut through daily video blogs starting in 2006.

Another example, and one of my favourite people on the planet who uses his own media channels is Jesse Peters – your social savvy Realtor in Winnipeg (of all places). Do yourself a favour, and follow him on one of his many platforms. You’ll see what I mean.

I’m not here to bash the existing forms of traditional media. I used to work in traditional media. Even items like Nest (radio), and internet.org by Facebook (TV) use traditional mediums to get the word out about their products. There are places for everything in this ever changing world. Having said that – if you want to put in the time, and effort – you can do it on your own. If you have a smart phone, you’re pretty much set.

JP Arencibia, Blue Jays, Guy with the Bow Tie, Radio

Interviewing former Blue Jay JP Arencibia back in my radio days.

For my wife, and I’s business we’re going to use YouTube, and other video sources to pull back the curtain, and let fans / followers in on what’s going on. We’re going to be very transparent of what we’re doing, and why we’re doing it. The beautiful part – you don’t have to spend a crazy sum of money on camera equipment, editing software, lighting, etc… Yes, you can do this, but when you’re starting out, just use what you have, and let people know that you’re just starting out. It’s okay to be vulnerable even as a business.

For example – my wife, and I are taking our own pictures for our site. We purchased a lighting kit for $100, and we already have a decent SLR camera. Does it take the best photos, and do we really know what we’re doing? In one word, No, but we’re going to be open about that fact. If we grow, and as your business grows you can hire professionals to do the work for you, but when you don’t know where you’re going to end up we figured there’s no sense dumping a HUGE amount of money into something when we don’t have to. You don’t have to be perfect, you just have to fill the need of a customer, and be open about what you’re doing, and why you’re doing it.

A slight tangent – when I was speaking with a recent high school grad about his future (he wanted to go into sports broadcasting), he didn’t know where to start or how to build his portfolio to get into college, etc… I simply asked him, “What’s stopping you from doing what you want to do right now?”

He has all the tools available to him. If he wanted to write about local sports he could start a blog. Yes, he won’t have a HUGE following, but that’s okay. It gets you thinking in a professional way about something you want to do. Do you want to be on the radio? What’s stopping you from doing a Podcast or using Soundcloud, and social media to get the word out through your friends? Want to be on TV? There’s a little thing called YouTube, etc…

What I mentioned above will never replace the traditional forms of media. You need those ‘professional’ checks-and-balances. With technology – media has shifted a bit, and it favours those who are willing to put in a bit of time for little to no reward (at first), and a little effort. For your business – this could be an amazing way to share your stories, your personal beliefs, and further connect you with your potential customers. You may not see giant sums of customers at first, but with time your CORE fans will develop that personal connection with you, and next thing you know – you’ll start to see your brand grow through referrals, and satisfied customers who come back time-and-time again.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft

Journey of the Do – Stage 9 – Marketing Messages

Some form of marketing is essential to your business. My wife, and I have extensive marketing, and advertising backgrounds, but the roots will stay the same for your business. The pendulum has shifted back to a very open, community-based society. Most likely this shift in mentality will be around for the next 10 – 15 years. Knowing this – my wife and I are going to be as authentic as possible when it comes to our marketing, and our messaging.

Last week I briefly touched on what I call ‘Culture Marketing.’ It’s based on building a brand around your values, and beliefs. And everyone within your organization believing in you, and your company. From that internal belief you’ll see it expand to your customers, and potential customers.

pumpkins, guy and girl

Hanging out on some pumpkins

Your Cultural Message

My wife, and I are firm believers that you can still make a healthy profit, while supporting those in, and around your community (or your world – if that’s your thing). With many companies surrounding themselves in greed, and the folks at the top making more and more while the worker bees do not is not how the latest generation of business builders see as healthy or sustainable. That’s why you’re starting to see companies who give back to the world they’re in. Those that are very open, and authentic about their policies are thriving.

For your messaging – you should try and stay true to yourself, and your beliefs as after all your business is a reflection of you. My wife, and I are going to be very open about our products. We’ll let you know where they came from, and who the product is best for. We’re not here to make a quick buck and disappear. We want to build a fan base. It doesn’t have to be a HUGE fan base to begin with, but we want fans who believe in not only our products, but our values.

Up front we’re going to be very open about the price. The price, is the price, is the price is our mentality. One thing that ticked us off about shopping online is you never know what the final price is going to be until you ‘checkout.’ For us we want to be as transparent as possible. Since we’re only dealing with Canadians – we’re not going to have to worry about duties,and shipping fees above and beyond what’s already there. That was the biggest beef my wife had with dealing with US stores. You see this great price, then you have to factor in the exchange, the duties, other fees and the shipping (and shipping times…7 – 21 days C’MON!). We’re going to remove those fees and work that into our messaging. Again – the price is the price is the price.

Another one of the messages we’re going to work with is who our product is for. Sometimes it’s easier to say who you’re for, and against than just puking out a message. We’re for young professional women who want to showcase their personality at work without feeling, and looking like a skank. It’s affordable dresses that you can wear to work, and after work for drinks. It’s for the woman who wants to express herself through her fashion choices, and not be stuck wearing bland, ‘safe’ clothes.

On top of that – we’re going to include our fans in the discussion – whether it’s through social media or our internal database. Before we add any new product – we’ll encourage our fans to comment on whether or not they like it, how much they’d pay for it and what colours they like it in. Based off this – we’ll have a better idea what to buy, and where to price it. This way the fans will involved in the process and further get them entrenched in our brand.

That’s not all. With our plans to grow – we plan on bringing in our own ‘house’ line of dresses. Where we’ll source the cotton ourselves, design it ourselves, and  produce it ourselves. This way we’ll know exactly where it’s coming from, how much people are getting paid, and we’ll be able to ensure we’re using sustainable practices. At the present time – most clothing, and accessories are made overseas in who knows what kind of facility. Our goal is to move away from that, and support those in, and around our community. Pay them fairly, support their families and build better relationship with our peers. It may cut into our margins, but we’re fine with that. We feel it’s the right thing to do, so we’re going to do it.

Now, just wait till you see how we’re going to go about our business to reach our customers. As the times have changed – you don’t have to be on TV or the radio or in the newspaper to get press. You can do it yourself, and create your own media company to drive fans, and potential customers to you.

More on that next week.

Love you,

Jordan ‘The Guy with the Bow Tie’ Rycroft