Showing posts with label Good Business. Show all posts
Showing posts with label Good Business. Show all posts

Tuesday, November 25, 2014

How to Influence and Persuade

Came across this wonderful and insightful article at Influence at Work.
accessed via http://www.influenceatwork.com/potential-or-reality-when-it-comes-to-influencing-others-whats-more-persuasive/ 11/25/2014 10:40 PM




 Photo by https://www.flickr.com/photos/marcela-palma/12239559196/

Potential or Reality! When it Comes to Influencing Others, What’s More Persuasive?
Tuesday, 20 November, 2012
By: Steve Martin, CMCT

Whether you are looking to position your company as the obvious choice for that lucrative new contract or to position yourself as the obvious choice for that new promotion an important part of your influence strategy will be to highlight your previous experiences and past accomplishments. The skills you have developed and the successes you have achieved can serve as important pointers serving to persuade future customers and employers alike to choose your organization or you.

But when it comes to convincing others, doesn’t prospect beat precedent? And as a result won’t people be more persuaded by your potential to deliver for them in the future rather than the success you have had delivering for others in the past.

When it comes to the business of influencing others, where should you focus most of your attention – describing the realities of your past, or communicating your potential to deliver in the future?

In a quick (and admittedly very unscientific) survey that I conducted with some folks in the office, a clear answer to this question emerged. Focus on your past success and achievements. At first glance this intuitively seems to make sense. Actual achievements are surely more compelling than the potential to achieve in the future for one very good reason. They have already been achieved. They are concrete. They leave no room for doubt.

Therefore, all other things being equal, it is more likely that the award winning company with many years experience will be more likely to secure that lucrative new contract compared to the less experienced company that merely has the potential to win future awards. Similarly, it is likely that the candidate who has already achieved notable success will be more attractive to a prospective employer than one who only has the potential to succeed.

Of course this isn’t always the case. Examples abound of budding sports stars that negotiate eye-watering sums of money on the basis of their future potential. Former American Football Quarterback JaMarcus Russell was The Oakland Raiders’ first pick in the 2007 NFL draft, landing a contract worth an astounding $61million. Clearly, the Raiders saw such potential in Russell that they were persuaded to pay top dollar for his services despite that potential, never translating into reality.

The persuasive pull of potential isn’t just limited to the domain of sports – it happens in business too. Many of us will recall examples where the inexperienced but promising candidate landed that promotion over a more experienced one. And pretty much everybody who has worked in a business development or sales role will, at some time, have lost a deal to a supplier that, at least on paper, didn’t match your level of experience and past achievements.

In a new set of studies soon to be published in the Journal of Personality and Social Psychology, Stanford University Professor Zak Tormala and his colleagues sought to find out why, when making decisions, people often find potential more compelling than reality.

In one of their studies, participants were asked to evaluate two applicants who had applied for a senior position in the banking division of a large company. Each of the candidates’ backgrounds and qualifications were identical with one key exception. The first applicant, let’s call him Candidate A, had gained 2 years’ relevant industry experience and also scored highly on a Leadership Assessment test. The second applicant (Candidate B) had gained little experience but did score highly on a Leadership Potential test. The results of the study showed that those shown information about the Candidate B’s potential rated that applicant as more successful and a better leader than those shown information about what Candidate A had achieved.

In an attempt to test this preference for potential in a more consumer based environment, another study was conducted with users of a social media website. In the study Facebook users were shown a series of quotes about a comedian. Half were shown quotes highlighting the comedian’s potential. They read comments such as “This guy could become the next big thing” or “Next year everyone could be talking about this comedian.” The other half were shown quotes that focused attention on the comedian’s actual achievements. “Critics say he has become the next big thing” or “Everyone is talking about this guy.”

As was the case with the recruitment study, Facebook users registered much greater interest (measured by click-rates) and liking (measured by fan-rates) in the comedian when quotes about his potential were advertised demonstrating general preference for information about potential compared to information about reality.

Summing up their findings Tormala and his team came to the conclusion that whilst potential achievements will undoubtedly be more uncertain than actual achievements, uncertainty does have a tendency to arouse more interest.

Does this mean that when it comes to decision making, people actually believe potential to be a more reliable decision trigger than reality? Certainly not. But given that potential is considered more arousing it could lead to people paying greater attention to it which may result in it having a bigger impact. In fact the study authors go on to make this exact point suggesting that if supporting information is provided immediately after attention is focused on potential (e.g. a testimonial from a trusted source, a high leadership score or some other type of persuasive message), people’s likelihood to develop a more favorable attitude or impression to what is being offered is increased.

So if you are applying for that promotion (or providing an endorsement for someone who is) then the science is suggesting that you would be more effective by first highlighting the future potential you (or the person you are endorsing) will bring to the role rather than immediately leading with prior experience. Doing so could increase the chances that you will capture a recruiters’ interest meaning that the subsequent information you convey about actual achievements and experience will more likely be attended to.is considered more arousing it could lead to people paying greater attention to it which may result in it having a bigger impact. In fact the study authors go on to make this exact point suggesting that if supporting information is provided immediately after attention is focused on potential (e.g. a testimonial from a trusted source, a high leadership score or some other type of persuasive message), people’s likelihood to develop a more favorable attitude or impression to what is being offered is increased.

Similarly if you want to increase the chances that your products and services appear more attractive to future clients and consumers it would be wise to consider how to position messages in a way that first focuses a client’s or consumer’s attention on the potential future benefits that your proposal offers to them as opposed to what has been previously achieved.

Questions for discussion:

What examples do you have where potential has swayed a decision over reality?

What other areas could this preference for potential ‘potentially’ be employed?



Source:

Tormala, Z. L., Jia, J. S., & Norton, M. I. (2012). The Preference for Potential. Journal of Personality and Social Psychology. Advance online publication. DOI: 10.1037/a0029227
This entry was posted on Tuesday, November 20th, 2012 at 1:05 pm and is filed under Inside Influence Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


Shelly Michalk
accessed via http://www.influenceatwork.com/potential-or-reality-when-it-comes-to-influencing-others-whats-more-persuasive/ 11/25/2014 10:40 PM

Wednesday, November 19, 2014

Exploring KickStarter: My Finds

From time to time I like to go to KickStarter and browse around to see "The New Thing" developing in the Start Up World. I was looking in the Craft section and saw several really awesome ideas when I came across one that just touched me to my soul.
To learn more, watch this video.
Accessed at KickStarter
11/11/2014



Attributes:The Final Gift by P.S. I Love You via Kickstarter.com
Kickstarter.com logo by authormedia.com



Shelly Michalk

Friday, January 7, 2011

Tried, Tested, and True

English: the administration building designed ...
English: the administration building designed by George W. Maher for the J. R. Watkins Company (Photo credit: Wikipedia)

The Early History of Watkins

The Birth of Watkins 

Watkins Incorporated was founded in 1868 by Joseph R. Watkins in Plainview, Minnesota.  Mr. Watkins started Watkins with a single product, Dr. Ward's Red Liniment, using a formula he purchased directly from Dr. Ward, the inventor of the liniment product.
J.R. Watkins was an entrepreneur that went on to build a fortune selling liniment and numerous products he created later.  He was not a doctor, but instead an entrepreneur and believer in the power of herbs to treat and cure many common ailments of the day.
J.R. Watkins
J.R. Watkins (Photo credit: AngryJulieMonday)
Although many products in the early Watkins line can be attributed to the genius of J.R. Watkins, his first product, the very red liniment that inspired Mr. Watkins to launch his business, was actually the brainchild and invention of Dr. Richard Ward.  Mr. Watkins purchased the formula and rights to the brand from Dr. Ward, who had a great product, but lacked the business savvy and sales and marketing skills of Mr. Watkins.
One only has to study why J.R. Watkins moved his thriving liniment business from Plainview, Minnesota to Winona, Minnesota to realize why he was so successful early on. In the 1870’s, Winona had 20,000 residents, a big city for those days, and was home of a huge lumbering business, being based on the Mississippi River. Winona also had 5 railroads that when through the city. Most of the workers in Winona worked at the lumber mills or worked as lumberjacks.
Talk about “Liniment Heaven!” Can you imagine how many men went home every night with muscle aches and pains? And J.R. knew his product would work. He also knew that it took a few days for the liniment to kick in and produce wonderful, powerful results. J.R. believed in his liniment’s powers and abilities so much that he placed a trial mark line on every bottle, and told every new customer that every drop liniment from the top of the bottle down to the trial mark line was basically free, because if they didn’t go below the trial mark he would give them a 100% refund of their money if they were not satisfied with the product after giving it a try. For J.R. knew that before the customer would get to the trial mark, their aches and pains would have gone away. Now how’s that for marketing innovation?

Watkins Grew Rapidly in the Early 1900's
At its peak in the door-to-door sales era, Watkins had 135 counter stores in the U.S. and Canada, along with manufacturing and distribution centers outside North America in South Africa, New Zealand and Australia.  With his widespread success, Mr. Watkins became an icon in his time.  He traveled the globe in search of the purest and finest sources of herbs, pepper, cinnamon and other spices for his product line, just as the company still does today.  For example, Watkins vanilla comes vanilla beans grown in Madagascar, the same as it has been for over 100 years.
Watkins, the company, grew rapidly in the early 1900’s and by the 1930’s was the largest direct sales company in the entire world.   In fact, during the Great Depression years of the 1930’s Watkins actually grew in size, adding infrastructure, new regional facilities and most importantly, adding new jobs.  In fact, as a result of its success during the depression, the public labeled Watkins a “depression proof company.“
J.R. Watkins
J.R. Watkins (Photo credit: AngryJulieMonday)
During the 30’s and 40’s Watkins built numerous regional warehouses, manufacturing facilities and retail counter stores around the country.  At one point the company was growing so fast it was building a new manufacturing building on its premises every 2 years, eventually occupying an entire city block of downtown Winona.  During the mist of this growth, Mr. Watkins even hired a world famous architect from Chicago named George Maher to design a ten-story manufacturing plant at one point.  This building was a marvel to behold, advanced in every aspect – the most modern manufacturing plant of its kind anywhere in the world.

Birth of the "Watkins Man" 

Watkins was founded on the “door-to-door” direct sales model.  J.R. Watkins started delivering liniment door-to-door by wagon.  The door-to-door model worked successfully for almost 90 years.  With the exception of the World War years, most housewives could be found at home, not at work.  Thus, there was usually always someone at home to call on during the daytime hours.  This was long before the arrival of personal computers, so online sales were out of the question.  America did not outsource its labor-intensive jobs to foreign countries.  Manual labor could be found everywhere you went, particularly in rural areas.  Thus, the door-to-door, farm-to-farm, plant-to-plant sales model was an ideal way to market Watkins products. 
Mr. Watkins company was not only the first international direct sales company in the world, but for many years it was the largest direct sales company in the world.  His direct sales force grew to become an American institution.  “Watkins men” became part of Americana, transcending from selling Watkins products from wagons in the 1800’s to selling Watkins products from paneled trucks, vans and station wagons in the 1900’s.
I can recall when growing up in rural Louisiana our Watkins man having a large black leather products case with the Watkins label in gold letters on the outside of his case.  The case opened up like a large tackle box with multiple shelves.  Looking into that case each month was like gazing under the Christmas tree on Christmas morning.
The “Watkins man” brought more than products to his customer base.  In the early days he was one of the few forms of communication in rural America, relied upon for bringing the latest news about national and world events, the going price for wheat or corn on the commodity exchange, the latest storms to hit the area, etc.  It was a different world -- one that would eventually change and have a dramatic impact on the company and its future.

The Death of J.R. Watkins

Mr. Watkins died in 1911 while vacationing with his family in Jamaica.  He and his first wife Mary Ellen, who had preceded him in death in 1904, had two sons that died at very young ages, and one daughter, Grace, who was born in 1877.  Grace was approximately 34 at the time of J.R. Watkins death and his only living child.  Grace immediately became the largest shareholder in Watkins.  Control of the company passed on to his nephew, Paul Watkins, and his son-in-law, Ernest Leroy (E.L.) King Sr., who married Grace in 1904.  Paul Watkins was a graduate of Harvard, very bright and articulate, and became President of Watkins after J.R. Watkins death.
Watkins Naturals 

My Great-Great Grandmother was one of the very first Watkins distributors in the Houston area almost a hundred years ago. Watkins started out as apothecary and seasonings and has grown to include all natural skin care and environmentally safe cleaning and laundry supplies. Please check out my web site to learn more about Watkins, opportunities, and how to order.

http://www.watkinsnaturals.com
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Wednesday, July 21, 2010

What others are saying about Virtual Assistants

Benefits of Using A Virtual Assistant
  1. VAs offer flexibility – they are available outside of normal hours, have no minimum hour commitment and are only paid for the hours they work.
  2. VAs have a vested interest in the success of your business, so client confidentiality is paramount and they will treat your business as their own.
  3. VAs allow you to use the same highly skilled, professional every time you outsource work.
  4. You get more time to do what you do best, while leaving the admin to someone else.
  5. Your work will be completed to perfection and delivered on time – or ahead of time.
  6. No recruitment or agency fees incurred.
  7. Your VA will work closely with you to achieve seamless perfection of your projects – no one will ever know it wasn’t completed in-house!
  8. No HR headaches like tax, national insurance or employee benefits.
  9. Employees and temps are paid by you for coffee breaks, toilet visits and time taken for personal calls and issues.
  10. VAs work from their own offices so you won’t have to organize workspace or equipment for them.
  11. By using an SVA Approved virtual assistant you can be assured of the very best standard of customer service and professionalism.
  12. VAs come in all different guises – there will be one out there that suits you and your business perfectly!
http://www.societyofvirtualassistants.co.uk/benefits.htm


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