Showing posts with label Marketing and Advertising. Show all posts
Showing posts with label Marketing and Advertising. 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

Saturday, May 17, 2014

Branding and Self Promotion

facebook business
facebook business (Photo credit: Sean MacEntee)

Why Brand Your Business




Just like in any business, getting the word out about your services and or products plays a major role in how successful your business becomes. The same applies to an executive flagging for a higher position within a corporation, a freelancer working towards expanding his client load, and it applies to blogging as well. 
These days we are lucky, we go online, Google different networking sites, sign up and start friending people. But which sites who offer this exposure, are best suited for your needs? One of my favorite sites, wahm.com, has done a little research on this to help us clearly understand how important Branding your Business is. 

The Importance of Branding Your Business 


Accessed May 17th, 2014 www.wahm.com

http://www.creativecommons.comAdvertising is a great way to earn customers, but it is important that you look beyond the ads and think about creating a lasting impression in your field of work. You can do this by branding your business. Branding your business is important, whether you are a one man operation or a multi-million dollar cooperation. Creating a brand will help you stand out in the sea of similar companies, and help increase your sales and customers.
What Is a Brand?
A brand is more than just a name or logo that you give your business. It is your identity, and shares with the world who you are, what you can offer, and how you offer it. It also helps establish credibility with future customers. If you earn a good reputation for your brand, you can break away from your competition. Strategic branding will allow you to be more flexible and in control with the most important factors of business, namely pricing. When you have a good brand established, people are more likely to pay more for your services. This is because they believe your services will be more beneficial than other, lower priced options.
Stand Out from the Crowd with Your Brand
The most obvious reason for a brand is to differentiate your business from all the rest. People begin new business ventures every day, launching a new website and handing out bundles of business cards. One of the main goals you should continually set for yourself is finding ways to step outside the box. You want potential customers to notice you, and your brand will help accomplish this. 
Strategic Branding Allows for More Effective Marketing
Also, with a brand name and logo, you can market your business more efficiently. Developing a reputation for yourself will allow you to skip the introductions with potential clients, as they will already know who you are and what you can offer them. This will decrease the amount of time you spend discussing yourself, which will give you more time to land new customers and reach out to even more.
Market Your Name and Your Products                  
The Coca-Cola logo is an example of a widely-r...
The Coca-Cola logo is an example of a widely-recognized trademark representing a global brand. (Photo credit: Wikipedia)
The time you spend making a name for your business does more than just increase awareness for the business itself. By promoting your brand, you are indirectly promoting your products and services. Once you become a household name, what you offer will be very familiar to your customers and maybe even potential clients. 
Branding your business is an important consideration that should not be overlooked when starting out with your venture. Keep in mind that its about more than just business cards and a logo. Your brand will reach out to others and share exactly what you do and how you can help them. It will help you get ahead in the game, make your marketing and advertising more efficient, and help you expose customers to your products. Even if you are just starting a one person work-at-home business, it is important to consider branding your business.
 Source: http://introductionwww.wahm.com/articles/the-importance-of-branding-your-business.html

Until Next Time, Bye Bye

 
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