Start With Why: How Great Leaders Inspire Everyone to Take Action
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The value of too many celebrity endorsements is the celebrity appeal alone. Unless the audience to which you are trying to appeal gets a sense of what that spokesperson believes, unless that spokesperson is “one of us,” the enforcement may drive recognition, it may even drive sales for the short term, but it will fail to build trust.
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A trusted recommendation is powerful enough to trump facts and figures and even multimillion-dollar marketing budgets.
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Think of the young father who wants to do everything right for his newborn child. He decides he’s going to get a new car—something safe, something to protect his child. He spends a week reading all the magazines and reports, he’s seen all the advertising and decides that on Saturday he’s buying a Volvo. The facts are in and his mind is made up. Friday night he and his wife head to a dinner party. Standing by the punch bowl is their friend the local car enthusiast. Our intrepid new father walks up to his friend and proudly announces that, as a new father, he’s decided to buy a Volvo. Without a ...more
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However you slice it, the opinions of others matter. And the opinions of those we trust matter most. The question isn’t how should car companies talk to the father who bought the car. The question isn’t even how they court the highly influential opinion of his frie...
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The question is, how do you get enough of the influencers to talk about you so that yo...
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In 2000, Malcolm Gladwell created his own tipping point when he shared with us how tipping points happen in business and in society. In his aptly named book The Tipping Point, Gladwell identifies groups of necessary populations he calls connectors and influencers. With little doubt Gladwell’s ideas are spot-on.
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But it still begs the question, why should an influencer tell anyone about you?
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Marketers are always trying to influence the influencers, but few really know how. We can’t dispute that tipping points happen and the conditions that Gladwell articulates are right, but can a tipping point happen intentionally? They can’t just be an accidental phenomenon. If they exist, then we should be able to design one, and if we can design one, we should be able to design one that lasts beyond th...
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In his 1962 book Diffusion of Innovations, Everett M. Rogers was the first to formally describe how innovations spread through society. Thirty years later, in his book Crossing the Chasm, Geoffrey Moore expanded on Rogers’s ...
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But the Law of Diffusion of Innovations explains much more than just the spread of innovation or technology. It explains the spread of ideas. If you don’t know the law, you’re likely already familiar with some of its terminology. Our population is broken into five segments that fall across a bell...
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As the law states, the first 2.5 percent of the population are the innovators, and the next 13.5 percent are early adopters. Innovators, Moore says, pursue new products or ideas aggressively and are intrigued by any fundamental advance; being first is a central part of their lives. As their name suggests, innovators are the small percentage of the population that challenges the rest of us to see and think of the world a little differently.
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Early adopters are similar to innovators in that they appreciate the advantages wrought by new ideas or technologies. They are early to recognize the value of new ideas and are quite willing to put up with imperfection because they can see the potential. Although quick to see the potential and willing to take risks to try new technologies or ideas, early adopters are not idea generators like the innovators. But both groups are similar, as Moore says, in that they rely heavily on their intuition. They trust their gut. Early adopters, like innovators but to a lesser degree, are willing to pay a ...more
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The farther right you go on the curve, the more you will encounter the clients and customers who may need what you have, but don’t necessarily believe what you believe. As clients, they are the ones for whom, no matter how hard you work, it’s never enough. Everything usually boils down to price with them. They are rarely loyal. They rarely give referrals and sometimes you may ev...
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The importance of identifying this group is so that you can avoid doing business with them. Why invest good money and energy to go after people who, at the end of the day, will do business with you anyway if you meet their practical requirements but will never be loyal if you don’t? It’s not too hard to recognize where people fall on the spectrum once you’re in a relationsh...
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We all sit at different places on this spectrum depending on the product or idea. Most of us are fiercely loyal to certain products and ideas at various times and demonstrate left-side-of-the-curve behavior. And for other products or ideas we exhibit right-side-of-the-curve behavior. When we sit on one side of the spectrum, we often have a hard time understanding those on the other side because their behavior doesn’t make sense to us. My sister is an early adopter when it comes to fashion trends, whereas I’m firmly in the late majority. It was only recently that I finally caved and bought a ...more
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Again, although always effective, manipulations don’t breed loyalty and they increase costs and str...
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When you ask small businesses about their goals, many of them will tell you they want to be a billion-dollar business in X number of years. The odds of that happening, unfortunately, don’t look good. Of the 27 million businesses registered in the United States, fewer than 2,000 ever reach a billion dollars in annual revenues. And 99.9 percent of all businesses in America have fewer than 500 employees. In other words, mass-market success is really hard to achieve.
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It’s near impossible to achieve if you point your marketing and resources to the middle of the bell, if you attempt to woo those who represent the middle of the curve without first appealing to the early adopters. It can be done, but at massive expense. This is because the early majority, according to Rogers, will not try something until someone else has tried it first.
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The early majority, indeed the entire majority, need the recommendation of someone else who has already sampled the product or service. They need to know someone else has tested it. They need that trusted, personal recommendation.
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According to the Law of Diffusion, mass-market success can only be achieved after you penetrate between 15 percent to 18 percent of the market. That’s because the early majority won’t try something new until someone else has tried it first. This is why we have to drop our price or offer value-added services. We’re attempting to reduce the risk tolerance of these practical-minded people until they feel comfortable to buy. That’s what a manipulation is. They may buy, but they won’t be loyal. Don’t forget, loyalty is when people are willing to suffer some inconve...
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