Category Archives: marketing

Detecting the Seeds of Future Innovation

Weak Signals, Strong Insights

Detecting the Seeds of Future Innovation

GUEST POST from Chateau G Pato

In our hyper-connected world, we are inundated with information. Market data, analyst reports, and competitive intelligence systems all provide a clear picture of the present. But as a human-centered change and innovation thought leader, I argue that the most transformative opportunities don’t emerge from this flood of “strong signals.” They emerge from the subtle, often contradictory, and easily dismissed weak signals on the periphery. These are the whispers of change, the fringe trends, the unarticulated customer frustrations, and the strange technological mashups that hint at a future yet to be built. The ability to detect, interpret, and act on these weak signals is the single most powerful competitive advantage an organization can cultivate. It’s the difference between reacting to disruption and proactively creating it.

Weak signals are, by definition, not obvious. They are often dismissed as anomalies, niche behaviors, or fleeting fads. They can come from anywhere: a casual comment in a user forum, a viral video that defies a category, a surprising scientific breakthrough in an unrelated field, or a quiet startup with a baffling business model. The challenge for leaders is to move beyond the comfort of big data analytics and embrace the messy, qualitative, and deeply human work of foresight. This isn’t about guesswork; it’s about building a systematic, human-centered practice for sensing the future and turning those faint whispers into a clear vision for innovation.

Why Weak Signals are Your Best Innovation GPS

Cultivating a weak-signal detection capability offers profound benefits:

  • Foresight, Not Just Hindsight: While strong signals confirm what has already happened, weak signals provide clues about what is *about to* happen. This gives you a critical head start in preparing for, or even driving, market shifts.
  • The Source of True Disruption: Most truly disruptive innovations—from personal computing to smartphones—began as weak signals on the fringe, often dismissed by established players who were focused on optimizing their core business.
  • Uncovering Unmet Needs: Weak signals are often an early indicator of deep, unarticulated human needs. They are the seeds of a problem that a current market solution isn’t addressing.
  • Building a Culture of Curiosity: Actively looking for weak signals encourages a culture of curiosity, open-mindedness, and a willingness to challenge assumptions—all essential traits for innovation.

“Strong signals confirm your past. Weak signals whisper your future. The most innovative leaders are the best listeners.”

A Human-Centered Approach to Detecting Weak Signals

Detecting weak signals is not an automated process. It is a deeply human activity that requires a specific mindset and intentional practice:

  1. Go to the Edge: Move beyond your core market and familiar customer base. Talk to fringe users, early adopters, and even those who reject your product. Spend time in adjacent industries and with unconventional thinkers.
  2. Embrace a Beginner’s Mindset: Temporarily suspend your expertise. Look at your industry as if you are seeing it for the first time. Why do customers do what they do? What seems strange or inefficient to an outsider?
  3. Connect the Unconnected Dots: A single weak signal means little. The true insight comes from identifying patterns. Is a new technology in one field combining with a new consumer behavior in another? The unexpected combination of two seemingly unrelated signals is often where the magic happens.
  4. Create “Listening Posts”: Form small, cross-functional teams whose sole purpose is to scan the periphery. Empower them to read obscure journals, follow niche social media communities, and report back on anything that feels “off” or interesting.

Case Study 1: The Rise of Social Media – A Weak Signal Ignored by the Giants

The Challenge:

In the early 2000s, the internet was dominated by large, content-heavy portals like Yahoo! and search engines like Google. Communication was primarily through email and instant messaging. The idea of people building public profiles to share personal updates and connect with friends was seen as a niche, even trivial, activity. It was a weak signal, a seemingly minor behavior on college campuses.

The Weak Signal Ignored:

For established tech giants, the signal was too faint. They were focused on the strong signals of search queries and content monetization. Facebook, MySpace, and Friendster were dismissed as “just for kids” or a “niche social trend.” The idea of a public profile as a primary mode of online identity and communication was too far outside their core business model to be taken seriously. They saw a minor curiosity, not the future of human connection.

The Result:

The companies that paid attention to this weak signal—and understood the human-centered need for connection and self-expression—went on to build a multi-trillion-dollar industry. The giants who ignored it were forced to play a decade-long game of catch-up, and many lost their dominant position. The weak signal of a simple public profile evolved into the foundational architecture of the modern internet and the economy built on it. Their failure to see this wasn’t a failure of technology; it was a failure of imagination and human-centered listening.


Case Study 2: Netflix and the Streaming Revolution – From DVDs to a Weak Signal

The Challenge:

In the early 2000s, Blockbuster was the undisputed king of home entertainment. Their business model was robust, profitable, and built on a physical presence of thousands of stores and a lucrative late-fee system. The internet was a nascent and unreliable platform for video, and streaming was a faint, almost invisible signal on the horizon.

The Weak Signal Detected:

While Blockbuster was focused on optimizing its core business (e.g., store layout, inventory management), Netflix, then a DVD-by-mail service, saw a weak signal. The signal wasn’t just about faster internet; it was about the human frustration with late fees and the inconvenience of physical stores. The company’s leaders started to talk about the concept of “on-demand” content, long before the technology was ready. They were paying attention to the unarticulated desire for convenience and unlimited choice, a desire that was a whisper to Blockbuster but a deafening call to Netflix. They began to invest in streaming technology and content licensing years before it was profitable, effectively cannibalizing their own profitable DVD business.

The Result:

Blockbuster famously dismissed Netflix’s weak signal, seeing it as a minor inconvenience to their existing business model. They believed a physical store experience would always win. Netflix, by acting on the weak signal and a deep understanding of human frustration, was able to pivot from being a DVD service to the global streaming behemoth we know today. Their foresight, driven by a human-centered approach to a technological trend, allowed them to disrupt an entire industry and become a dominant force in the future of entertainment. Blockbuster, unable to see beyond the strong signals of its profitable past, is now a cautionary tale.


Conclusion: The Foresight Imperative

The future is not a surprise that happens to you. It is a collection of weak signals that you either choose to see or ignore. In an era of constant disruption, relying on strong signals alone is a recipe for stagnation. The most resilient and innovative organizations are those that have built a human-centered practice for sensing change on the periphery. They have created a culture where curiosity is a core competency and where questioning the status quo is a daily ritual.

As leaders, our most critical role is to shift our focus from optimizing the past to sensing the future. We must empower our teams to go to the edge, listen to the whispers, and connect the dots in new and creative ways. The future of your industry is already being born, not in the center of the market, but on its fringes. The question is, are you listening?

Extra Extra: Because innovation is all about change, Braden Kelley’s human-centered change methodology and tools are the best way to plan and execute the changes necessary to support your innovation and transformation efforts — all while literally getting everyone all on the same page for change. Find out more about the methodology and tools, including the book Charting Change by following the link. Be sure and download the TEN FREE TOOLS while you’re here.

Image credit: Pexels

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Five Lessons from a Harvard Professor on Selling with Service

Five Lessons from a Harvard Professor on Selling with Service

GUEST POST from Shep Hyken

Most people think that customer service is a department that handles complaints and problems. There may be a department or contact center that does, but customer service is more than that. It’s a philosophy that must be embraced by everyone in an organization, and that includes sales.

I had a chance to interview Frank Cespedes for an episode of Amazing Business Radio. Cespedes is a Harvard Business School professor and author of six books, including his latest, Sales Management That Works: How to Sell in a World That Never Stops Changing. One of his books, Aligning Strategy and Sales, was hailed by Forbes as “… perhaps the best sales book ever.” Here are five lessons he shared, with my commentary following, that should convince you that selling with service is today’s best sales strategy.

1. Sales and customer service merge together. Selling with service is all about what we do to enhance the sales experience. We make it easy, eliminate friction, stay in touch and make the customer feel (at least in the moment) that they are the most important customer we have.

2. Sales and customer support are increasingly intertwined. Typically, the sales team makes sales, and the customer support team delivers service. More and more, these two responsibilities (and departments) are connecting to create a seamless journey for the customer. During the “after experience,” as I like to call it, what is traditionally referred to as customer support continues the sales process with upsells, cross-sells and other tactics to generate revenue for the company.

3. The sales team is becoming a smaller part of the sales conversation. This doesn’t mean the sales team is any less important. However, the days of the salesperson being, as Cespedes says, “an organic, walking, talking version of product and price information” are gone. Customers are just one or two clicks away from getting the information and price they need to make decisions. We must recognize that to have a winning combination, online information, customer support and sales must work together.

4. People don’t want to be sold. They want to buy. This expression has been around for some time, but it’s never been more relevant than today. In the past, most customers would want to talk to a salesperson at the beginning of the sales process. Today, however, most prefer to start their buying journey with their own research. There’s great information to be found through a quick Google search. Before the customer ever talks to a salesperson, they may be close to a buying decision, if they haven’t already decided to do business with the company. The conversation with a salesperson becomes more of a formality.

5. The most important thing about selling is, and always has been, the buyer. Let’s never forget this commonsense, but very sage, advice. Customers get to decide how they want to buy. If they want to skip the formal sales process, let them do so. If they want to do their own research, give them the tools they need (a knowledge base on a website, videos on YouTube, etc.). If they want to talk directly to someone in the company, give them easy access to the right person. Let the customer buy from you the way they want to, which might be different from the way you’ve traditionally sold in the past.

With all the changes caused by the pandemic, supply chain issues, employment problems and a scary economy, we must be prepared to give our customers the journey they want, which is not always how we’ve done business in the past. Sales are not just sales. Customer support is not just customer support. Both fall inside the bigger concept of the customer experience. Heed Cespedes’ advice. Sell with service, and create the experience that makes customers want to buy from you.

This article originally appeared on Forbes

Image Credit: Shep Hyken

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Your Brand Isn’t the Problem

Your Brand Isn't the Problem

GUEST POST from Mike Shipulski

Cigarette companies rebranded themselves because their products caused cancer and they wanted to separate themselves from how their customers experienced their products. Their name and logo (which stand for their brand) were mapped to bad things (cancer) so they changed their name and logo. The bad things still happened, but the company was one step removed. There was always the option to stop causing cancer and to leave the name and logo as-is, but that would have required a real change, difficult change, a fundamental change. Instead of stopping the harm, cigarette companies ran away from their heritage and rebranded.

Facebook rebranded itself because its offering caused cancer of a different sort. And they, too, wanted to separate themselves from how their customers experienced their offering. The world mapped the Facebook brand to bullying, harming children, and misinformation that destroyed institutions. Sure, Facebook had the option to keep the name and logo and stop doing harm, but they chose to keep the harm and change the name and logo. Like the cigarette companies, they chose to keep the unskillful behavior and change their brand to try to sidestep their damaging ways. Yes, they could have changed their behavior and kept their logo, but they chose to change their logo and double down on their unhealthy heritage.

The cigarette companies and Facebook didn’t rebrand themselves to move toward something better, they rebranded to run away from the very thing they created, the very experience they delivered to their customers. In that way, they tried to distance themselves from their offering because their offering was harmful. And in that way, rebranding is most often about moving away from the experience that customers experience. And in that way, rebranding is hardly ever about moving toward something better.

One exception I can think of is a special type of rebranding that is a distillation of the brand, where the brand name gets shorter. Several made-up examples: Nike Shoes to Nike; McDonald’s Hamburgers to McDonald’s; and Netflix Streaming Services to Netflix. In all three cases, the offering hasn’t changed and customers still recognize the brand. Everyone still knows it’s all about cool footwear, a repeatable fast-food experience, and top-notch entertainment content. If anything, the connection with the heritage is concentrated and strengthened and the appeal is broader. If your rebranding makes the name longer or the message more nuanced, you get some credit for confusing your customers, but you don’t qualify for this special exception.

If you want to move toward something better, it’s likely better to keep the name and logo and change the offering to something better. Your brand has history and your customers have mapped the goodness you provide to your name and logo. Why not use that to your advantage? Why not build on what you’ve built and morph it slowly into something better? Why not keep the brand and improve the offering? Why not remap your good brand to an improved offering so that your brand improves slowly over time? Isn’t it more effective to use your brand recognition as the mechanism to attract attention to your improved offering?

In almost all cases, rebranding is a sign that something’s wrong. It’s expensive, it consumes a huge amount of company resources, and there’s little to no direct benefit to customers. When you feel the urge to rebrand, I strongly urge you to keep the brand and improve your offering. That way your customers will benefit and your brand will improve.

Image credit: Pixabay

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How to Use TikTok for Marketing Your Business

How to Use TikTok for Marketing Your Business

GUEST POST from Shep Hyken

If you think your business isn’t right for TikTok, you may want to think again. If you’re like most businesspeople, TikTok is not what you think. It’s not just 20- to 30-second videos of kids dancing, dogs doing tricks and influencers showing off the latest fashions. It’s become a serious contender for online/digital advertising dollars from all types of businesses, both B2C and B2B.

Most of you reading may still believe that the TikTok audience is made up of 20-somethings and younger. Again, it’s not what you think!

Dennis Yu is the CEO of BlitzMetrics and co-author of The Definitive Guide to TikTok Advertising. Yu’s company has placed more than a billion dollars’ worth of ads for its clients on social platforms like Facebook, Twitter, Google and others, using ads and algorithms to drive sales. And now he’s focusing his efforts on TikTok.

I had the chance to interview Yu on Amazing Business Radio, where he said, “TikTok in 2022 is Facebook in 2007. It’s now the largest property on the Internet. It has more traffic than Google. It has a higher average watch time than Facebook or Netflix. People are spending more time watching short 15- to 30-second videos than two-hour-length feature films.”

Yes, TikTok has more traffic than Google! In 2021, TikTok was ranked No. 7 on social media platforms. In 2022, just one year later, it is now ranked No. 1. In Q1 2022, TikTok became the most downloaded app in the world.

According to the Search Engine Journal, TikTok is becoming a search engine. SEJ staffer, Matt Southern, posed the question, “What if people started using TikTok as a search engine?” In his research, he found people treating the app as a search provider, some even preferring it over Google. So, his question turned from “What if …?” to “What now …?”

The point is that as a business, you can’t ignore TikTok as a viable marketing and sales channel. TikTok does an amazing job of understanding what the user is watching and will quickly start serving up content that is exactly what the user is interested in. That means that as soon as a customer watches a company’s TikTok video, the platform will start serving up more of the company’s content for the user to enjoy.

I asked Yu how businesses can use TikTok. Knowing that the podcast focuses on customer service and experience, he related his first tip to digital customer care. Today’s customers turn to the Internet, specifically social media platforms like Twitter and Facebook, to ask for help or complain to a company. And more and more, they are turning to TikTok. “Whether you are on TikTok or not, your customers are there talking about you on TikTok,” Yu said. “Remember the early days of Twitter when many brands said, ‘We’re not ready to be on Twitter?’ And then they think that somehow not being on Twitter means that people can’t talk about them.”

As more customers turn to TikTok for customer care, it’s imperative that you (your company or brand) be the one posting the answers, not other customers. Your company must control the narrative even if customers are sharing correct information. You must be visible on this extremely popular channel. And you don’t need to spend a lot of money doing so. Posting simple, non-professionally edited videos are just as effective as highly produced videos.

Going beyond customer service and experience, whatever your company does or sells, B2B or B2C, just create a short video with tips and ideas that would interest your customers. Shorter is better. Keep it under a minute—even 30 seconds. TikTok rewards you for videos that are watched in completion. The likelihood of someone watching a 30-second video to the end is much higher than a video that lasts four or five minutes. And while not necessary, if you can make it funny or entertaining, that’s always a bonus.

Yu’s advice is simple. Just create content. Then let TikTok’s algorithm do its job and find people (your customers and potential customers) interested in whatever you’re posting. Yu quoted the famous line by Ray Kinsella (played by Kevin Costner) from the movie Field of Dreams: “If you build it, they will come.” I’ll quote a famous shoe and apparel manufacturer, Nike: “Just do it!”

This article originally appeared on Forbes

Image Credit: Shep Hyken

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Unlocking New Frontiers of Innovation with Strategic Partnerships

Unlocking New Frontiers of Innovation with Strategic Partnerships

GUEST POST from Chateau G Pato

In today’s hyper-competitive landscape, the idea of an organization achieving greatness alone is a myth. The most impactful innovations rarely happen in isolation; they are the product of collaboration, shared vision, and complementary strengths. As a thought leader in human-centered change and innovation, I’ve seen firsthand that strategic partnerships are not just a business tactic—they are a core competency for unlocking new frontiers of innovation and creating value that no single company could achieve on its own.

For too long, companies have viewed their competitive advantage through a narrow lens: what can we do better than everyone else? This mindset, while valuable for internal efficiency, can also lead to a dangerous form of tunnel vision. It prevents us from seeing the powerful opportunities that lie just beyond our organizational walls. Strategic partnerships are about embracing this external reality, recognizing that our biggest weaknesses can often be solved by another’s greatest strengths, and that by joining forces, we can create something far greater than the sum of our individual parts.

A strategic partnership is more than a simple transaction or a vendor relationship. It’s a deliberate, long-term collaboration built on a foundation of trust, shared goals, and a deep understanding of each other’s value proposition. It requires us to move beyond a culture of “not invented here” to one of “co-created here.” The power of these partnerships lies in their ability to:

  • Accelerate Innovation: Gain access to new technologies, intellectual property, and R&D capabilities without the long and costly internal development cycle.
  • Access New Markets: Leverage a partner’s established distribution channels, brand reputation, or customer base to enter markets that would otherwise be inaccessible.
  • Enhance Customer Experience: Combine complementary products or services to create a more holistic and valuable offering for the end user.
  • Mitigate Risk: Share the financial burden and operational risks associated with launching a new product or entering a new and uncertain market.

Case Study 1: The Nike and Apple Partnership

The Challenge: Marrying Physical Fitness with Digital Technology

In the mid-2000s, both Nike and Apple were industry leaders, but in completely separate domains. Nike dominated the world of athletic apparel, and Apple was revolutionizing personal technology. Both companies were aware of the growing consumer interest in personal fitness tracking but were individually limited in their ability to create a truly seamless, integrated experience. Nike had the expertise in footwear and athletic performance, but lacked the technological prowess. Apple had the technology, but lacked the deep understanding of athletic culture and the trust of the running community.

The Strategic Partnership and Innovation:

In 2006, the two giants formed a strategic partnership that was revolutionary for its time. They collaborated to create the “Nike+iPod Sport Kit.” This innovation involved a small sensor placed in a Nike shoe that wirelessly communicated with an iPod Nano, tracking the runner’s speed, distance, and calories burned. This was not a simple co-branding exercise; it was a deep collaboration between engineering, design, and marketing teams from both companies. The partnership allowed Nike to offer a tech-forward product and Apple to expand the functionality of its iPod into a new, lifestyle-focused category.

The Results:

The Nike+iPod partnership was a resounding success. It created a powerful new product category and a highly engaged community of users. The collaboration set the stage for the modern era of fitness wearables and was a precursor to the Apple Watch, which now integrates similar fitness tracking capabilities. By combining their core competencies, Nike and Apple were able to create a product that neither could have produced on their own, demonstrating the power of strategic partnerships to unlock entirely new markets and product experiences.

Key Insight: Strategic partnerships can create entirely new product categories and markets by combining complementary expertise from different industries.

Case Study 2: The Starbucks and Spotify Collaboration

The Challenge: Enhancing Customer and Employee Experience

In the mid-2010s, Starbucks was looking for a way to deepen its connection with customers and improve the employee experience. At the same time, Spotify, a leading music streaming service, was looking for new ways to expand its user base and build deeper brand loyalty. Both companies understood the powerful role of music in shaping an atmosphere and a brand experience.

The Strategic Partnership and Innovation:

The two companies announced a comprehensive partnership. Spotify became the official music partner for Starbucks, allowing baristas to help curate the in-store playlists from a centralized library of music. This wasn’t just a simple licensing agreement. Starbucks employees, who are avid music fans, were given premium Spotify accounts, and the partnership created a feedback loop where they could influence the music played in stores. Furthermore, Starbucks’ rewards members were offered unique access to exclusive Spotify playlists and could influence the music being played in-store. This initiative blurred the lines between a retail experience and a digital one.

The Results:

The Starbucks-Spotify partnership was a win for everyone involved. Starbucks enhanced its in-store ambiance and provided a unique benefit to its most loyal customers, strengthening their emotional connection to the brand. The partnership also served as a powerful employee engagement tool, empowering baristas to take ownership of the in-store experience and creating a sense of shared community. For Spotify, the collaboration provided a massive new platform for brand exposure and user acquisition, introducing the service to millions of Starbucks customers who might not have otherwise used it. It’s a prime example of a strategic partnership that created value not just for the companies, but for their employees and customers as well.

Key Insight: A well-designed strategic partnership can create value for multiple stakeholders—including customers and employees—by integrating complementary brand experiences.

The Path Forward: Embracing a Collaborative Future

In a world of increasing complexity and rapid change, the ability to form and manage strategic partnerships is no longer a luxury; it is a necessity for survival and growth. The most forward-thinking leaders will move beyond a mindset of isolated competition and embrace a new era of collaborative innovation. They will understand that the most significant challenges and the greatest opportunities require the combined strength of diverse perspectives, expertise, and resources. By thoughtfully identifying potential partners and building relationships based on trust and shared purpose, we can unlock new frontiers of innovation and create a more valuable future for our businesses, our customers, and our world.

Extra Extra: Because innovation is all about change, Braden Kelley’s human-centered change methodology and tools are the best way to plan and execute the changes necessary to support your innovation and transformation efforts — all while literally getting everyone all on the same page for change. Find out more about the methodology and tools, including the book Charting Change by following the link. Be sure and download the TEN FREE TOOLS while you’re here.

Image credit: Unsplash

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Three Ways Technology Improves the Retail Customer Experience

Three Ways Technology Improves the Retail Customer Experience

GUEST POST from Shep Hyken

E-commerce hasn’t killed retail—it’s just transformed it.

For years we’ve been hearing that retail is dead, and the rash of store closures in cities across the country would seem to confirm the trend. The local mall no longer serves as a de facto community hub, if it’s even stayed open at all.

Given what we think we know, would it surprise you to learn that retail sales in 2021 were actually up more than 10% over the previous year, topping $4.44 trillion? Although fears of recession loom, the U.S. Bureau of Economic Analysis reports that both personal income and consumer spending continued to rise in June. And while e-commerce may be an unstoppable force, much of this consumer spending is still happening in brick-and-mortar stores.

That said, there’s no question that the retail experience is changing—and must continue to change. E-commerce growth and tech developments, in general, have transformed customer expectations. I always advise my clients to meet customers where they are, and where retail shoppers are right now is standing in an aisle, smartphone in hand, comparing prices and reading online reviews. Technology has become an integral part of the retail experience, and retailers would be fools to ignore that.

Luckily, they aren’t fools. Whether saving their customers time or offering them unique experiences, retailers are incorporating technology to improve the customer experience. Here are three ways they’re doing it:

1. Smart Screens Digitize the In-Store Experience – You probably remember the first time you went to fill your soda cup at your favorite fast-casual spot and found yourself facing a dizzying digital array of fountain soda choices. Smart screens are on the march, and they’re not just in restaurants anymore.

Clothing retailers are using touchscreens to help customers build their wardrobes, while furniture stores use similar tech to let shoppers design rooms in their homes. Smart screens can offer retail customers what they love about online shopping—plentiful product information, eye-catching photos and on-the-spot promotions—in an in-store setting.

Consider the cooler aisle at Walgreens, where high-resolution smart screens from Cooler Screens have transformed the drugstore chain’s fridge and freezer doors. Shoppers no longer have to brave an icy blast—they can see the beverages and frozen treats inside at a glance without even opening the door. Plus, they can get calorie counts and take advantage of instant deals—and soon will also see customer ratings and reviews.

Data showed that 90% of Walgreens customers prefer the new smart screen cooler doors to the traditional kind. For retailers looking to bridge the online/in-store gap, smart screens present the opportunity to both accomplish some point-of-sale digital marketing and enhance the customer experience.

2. Click-and-Collect Services Save Time – Another way retailers are meeting their customers’ hybrid shopping expectations is by beefing up their click-and-collect capabilities. Buying items online and picking them up in person offers consumers the best of both shopping worlds. They can browse a store’s product selection on their desktop or phone, and once their order is assembled, there’s no wait or shipping expense. Curbside pickup goes one better by allowing people to order products online and pick them up without stepping foot in the store.

I admit it’s not rocket science, but I believe that high-quality customer service depends on listening to what customers want, and many of them clearly value this hassle-free shopping experience. The 2022 Click-and-Collect Forecast shows that U.S. buyers will spend $95.87 billion via click-and-collect this year, a 19.4% increase over 2021. Retailers that expand their click-and-collect offerings stand to increase revenue by giving customers more of what they want.

Enabling this experience requires an up-to-date e-commerce website that’s optimized for mobile. Furthermore, retailers will need to achieve seamless integration between their online shopping platforms and on-the-ground operations. Many are already adapting by adding more parking spaces for click-and-collect customers and hiring more personal shoppers to gather orders.

3. Self-Service Improves Convenience – Another thing the e-commerce revolution has changed is customers’ expectations of self-service. From product page to shopping cart to checkout, the typical online shopping experience is a solo affair. While a retail store offers the possibility of assistance from a real person, many shoppers would rather take care of themselves. Smart retailers are using tech to let them.

Digital self-service kiosks help in-store shoppers get their bearings, look up product information, scan prices and see whether the item they want is in stock—and order it on the spot if it’s not. Retailers’ mobile apps enable customers to locate products, read reviews, compare prices and pounce on in-store discounts. By offering the right tech assistance, retailers give their customers a sense of control.

When customers think of self-service, self-checkout is usually the first thing that comes to mind, but even that is evolving. Going beyond the usual “Scan your first item and put it in the bag,” Amazon has launched fully autonomous checkouts. In its Amazon Go stores, customers scan a barcode going in and get charged electronically for purchased items as they leave. Instead of making customers do more work, Amazon employs its “Just Walk Out” technology to make customers’ lives easier and the retail experience friction-free.

Technology has greatly impacted people’s lives, and the retail setting is no exception. Retailers that use tech to improve the customer experience will see increased profit and customer satisfaction. Research has shown that experiences increase happiness more than things, so retailers that can provide both are setting themselves up for success.

This article originally appeared on Forbes

Image Credit: Shep Hyken

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The Reasons Physicians are Losing the Branding Wars

The Reasons Physicians are Losing the Branding Wars

GUEST POST from Arlen Meyers, M.D.

Maybe the last time you walked into a retail-based clinic, you did not see an MD. Maybe the same thing happened at your hospital outpatient clinic or an urgent care center. Physician “extenders” and advanced practice professionals, like primary care pharmacists, nurse practitioners and physician assistants are winning the war on branding. They and their professional associations have done a good job branding their services while complacent doctors have not. What happened? Doctors are now “providers”. The latest spin is to call yourself a surgicalist. A surgicalist is a highly trained, board-certified surgeon who provides emergency surgical care within a dedicated hospital setting – the foundation of a surgical hospitalist program. A surgicalist career path affords talented surgeons the chance to design the life they want.

Staffing shortages among healthcare providers are having numerous downstream effects on everything from patient care to reimbursement and thinning margins. But they’re also causing a shift in public perception: More people now trust pharmacists to play a larger role in their care management, according to new research from Columbia University Mailman School of Public Health in New York City and Express Scripts Pharmacy.

With more than half (51.8%) of the U.S. population experiencing at least one chronic condition, and one-quarter suffering from multiple chronic conditions, prescription medications are often the first line of defense to help patients manage these conditions, the report found.

In the period from 2015–2018, nearly one-half of the U.S. population was using at least one prescription drug, nearly one-quarter (21.4%) were using three or more, and over 10% were using five or more prescription drugs.

All of that is putting pharmacists in the spotlight – along with the rise of chronic disease, increased medication use and shifts to value-based payment models.

Doctors don’t understand that branding a service, particularly one that is becoming more and more commoditized, is not like branding a product, like toothpaste. There are four keys to branding a service:

1. Don’t Mass Market To Your Target Market Take a look at the doctor ads. They are filled with platitudes like “quality care”, “personalized service” and “caring staff”. I would sure hope so. But, marketing to the masses with platitudes is like a CPA saying “I can do your taxes”. Instead, you need to “touch” your patients with highly targeted messages.

2. Focus On Relevance Over Differentiation Most product branding is about cheaper, smarter, faster, better compared to the competition. Service branding is about how I can solve your unique problem.

3. Worry About Growing Revenue, Not Market Share. Payer mix is an obvious difference when it comes to sickcare branding compared to product branding. As we all know, doctors don’t make the same profit seeing all patients. Some, in fact, are loss leaders. Soon, all of sick care might be a loss leader.

4. Help Your People Be Your Brand. Particularly in sickcare, your people are your brand, including the doctors. You are the product, not the doctor.

When it comes to these four elements, non-physicians are doing a better job than physicians and they are building brand equity. Take a page out of the FedEx playbook, and expect to see

  • A genuine and defensible market position
  • Improved external awareness, perception, and desirability
  • The development of a collaborative internal culture
  • Alignment and integration of all messaging
  • Revenue growth

Here are 10 ways to beat Commodity Care. For doctors to brand their services and win as incumbents in the market, they need to practice Othercare .

In the face of competition, substitutes and turf wars, doctors need to do more about their sustainable competitive advantage, particularly when it comes to practicing at the top of their license, building brand equity and innovating, all things that, up to this time, they have not done because they didn’t have to.

Maybe then, they won’t call you a provider anymore, doctor.

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Six Simple Growth Hacks for Startups

Six Simple Growth Hacks for Startups

GUEST POST from Soren Kaplan

Building a new business is tough. These strategies will help your startup succeed without a big investment.

As many of my readers know, I usually write about strategy, innovation, and leadership. But recently I’ve been asked a lot about how I helped establish Praxie.com as a destination website for hundreds of best practice digital tools and templates using growth hacking strategies. That’s because it’s incredibly hard to cut through the noise and establish a new brand, website presence, and business model in today’s increasingly cluttered competitive world.

So, here’s what we did to build a brand and drive tens of thousands of visitors to our website each month, all without any significant marketing investment. Anyone who’s focused, methodical, and willing take the time can do it.

1. Create Expert Content

Content is king. You can create it yourself or provide a platform that encourages users to contribute content as part of your business model. Content drives the brand and engages customers. Plus, Google and other search engines index and prioritize pages with solid content, so your specific webpages with noteworthy content will get a boost in SEO rankings and see increased traffic over time. Content comes in many forms: articles, blog posts, listicles, white papers, templates, and videos.

2. Syndicate Content to Grow Backlinks

Backlinks are the lifeblood of SEO. The more that reputable websites link back to your website (or sub-pages on your site), the higher you’ll rank will be in search engines. And the higher your rank, the more organic visitors you’ll receive. Whatever you’re doing or providing as part of your business, position yourself as the expert. Become a source of knowledge and insight for the press, get interviewed on podcasts, write articles for other sites, or do anything else that gets your name (and backlink) out there on the net. This strategy also builds your brand.

3. Become a Video Star

Content isn’t just about the written word. YouTube is now the number-two search engine in the world, right behind Google. Video content highlights your expertise. It gets shared. And it drives traffic to your website that can convert to newsletter signups, subscriptions, and product purchases. Be sure to include keywords in the titles and descriptions of your videos. Also include a plug at the end of the video for where the viewer can learn more (e.g., your website). Re-purpose your videos on social media and embed videos into your website to further reinforce your content expertise.

4. Build Email Relationships

While just about every email inbox is cluttered with spam these days, when someone gives you their email address, they’re essentially giving you permission (opting in) to connect with them. While the same principle applies to social media, email is still a unique, higher-touch, form of connection-making. As compared with social media, email is like pinning a flyer up on someone’s front door versus hoping they see one that has been posted on the corner telephone pole as they walk by. So, create easy ways for people to sign up for newsletters. Connect with others on LinkedIn, where most profiles include email addresses. Focus on building a list and providing high-value communications that use expert content to connect with your audience versus just trying to sell them your product. Many free or inexpensive tools can get you started like Mailchimp and Constant Contact.

5. Measure Everything Using Dashboards

The only way to gauge progress is to measure it. Use Google Analytics to track your most important metrics, like the number of visitors, landing pages, conversion rates for your newsletter and purchases, and more. Use free tools like those provided by Moz and Similarweb to benchmark yourself against the competition. Connect social media metrics and advertising into a dashboard that provides a holistic picture of the business. But don’t spend too much time cobbling together data. Keep it simple so you can get a quick read on how you’re doing while spending most of your time doing the things that grow your business.

6. Test, Retest, and Test Again

Google recently introduced a great tool called Optimize. Optimize allows you to quickly run tests on your website or individual web pages. By creating A/B tests that serve up different page headings, product prices, button colors, etc., you can gain insight into what works and what doesn’t based on what you’re trying to achieve. Track which market positioning statements result in the most newsletter signups or which price model delivers the greatest revenue. Running tests should be an ongoing activity which essentially means you’re taking the winning formula from your A/B test and then running another A/B test using that as the baseline. Connect your tests to your data analytics to track what works (and doesn’t) over time.

Most small startups don’t have big funding. That’s why growth hacks are so important. Use a little elbow grease, coupled with savvy customer engagement strategies, to build the basis for market traction. You might need to give it a little time to yield results, but that’s also what’s needed to create an enduring business.

Image Credit: Getty Images (acquired by Soren Kaplan)

This article was originally published on Inc.com and has been syndicated for this blog.

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Why Amazon Wants to Sell You Robots

Why Amazon Wants to Sell You Robots

GUEST POST from Shep Hyken

It was recently announced that Amazon.com would be acquiring iRobot, the maker of the Roomba vacuum cleaner. There are still some “hoops” to jump through, such as shareholder and regulatory approval, but the deal looks promising. So, why does Amazon want to get into the vacuum cleaner business?

It doesn’t!

At least not for the purpose of simply selling vacuum cleaners. What it wants to do is to get further entrenched into the daily lives of its customers, and Amazon has done an excellent job of just that. There are more than 200 million Amazon Prime members, and 157.4 million of them are in the United States. According to an article in USA Today, written by David Chang of the Motley Fool, Amazon Prime members spend an average of $1,400 per year. Non-Amazon Prime members spend about $600 per year.

Want more numbers? According to a 2022 Feedvisor survey of 2,000-plus U.S. consumers, 56% visit Amazon daily or at least a few times a week, which is up from 47% in 2019. But visiting isn’t enough. Forty-seven percent of consumers make a purchase on Amazon at least once a week. Eight percent make purchases almost every day.

Amazon has become a major part of our lives. And does a vacuum cleaner company do this? Not really, unless it’s iRobot’s vacuum cleaner. A little history about iRobot might shed light on why Amazon is interested in this acquisition.

iRobot was founded in 1990 by three members of MIT’s Artificial Intelligence Lab. Originally their robots were used for space exploration and military defense. About ten years later, they moved into the consumer world with the Roomba vacuum cleaners. In 2016 they spun off the defense business and turned their focus to consumer products.

The iRobot Roomba is a smart vacuum cleaner that does the cleaning while the customer is away. The robotic vacuum cleaner moves around the home, working around obstacles such as couches, chairs, tables, etc. Over time, the Roomba, which has a computer with memory fueled by AI (artificial intelligence) learns about your home. And that means Amazon has the capability of learning about your home.

This is not all that different from how Alexa, Amazon’s smart device, learns about customers’ wants and needs. Just as Alexa remembers birthdays, shopping habits, favorite toppings on pizza, when to take medicine, what time to wake up and much more, the “smart vacuum cleaner” learns about a customer’s home. This is a natural extension of the capabilities found in Alexa, thereby giving Amazon the ability to offer better and more relevant services to its customers.

To make this work, Amazon will gain access to customers’ homes. No doubt, some customers may be uncomfortable with Amazon having that type of information, but let’s look at this realistically. If you are (or have been) one of the hundreds of millions of Amazon customers, it already has plenty of information about you. And if privacy is an issue, there will assuredly be regulations for Amazon to comply with. They already understand their customers almost better than anyone. This is just a small addition to what they already know and provides greater capability to deliver a very personalized experience.

And that is exactly what Amazon plans to do. Just as it has incorporated Alexa, Ring and eero Wi-Fi routers, the Roomba will add to the suite of connected capabilities from Amazon that makes life easier and more convenient for its customers.

If you take a look at the way Amazon has moved from selling books to practically everything else in the retail world, and you recognize its strategy to become part of the fabric of its customers’ lives, you’ll understand why vacuum cleaners, specifically iRobot’s machines, make sense.

This article originally appeared on Forbes

Image Credit: Shep Hyken

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How marketable is your invention?

How marketable is your invention?

GUEST POST from Arlen Meyers, M.D.

Marketability may apply to things i.e. goods or services or people. When it applies to people, we are talking about making them attractive to potential employers or clients. People may study for a degree to improve their marketability. This means that they believe that getting a degree improves their chances of getting either a job or a better job.

Are you looking for a non-clinical career job? Here is how to make yourself more marketable by building your personal brand.

When it applies to things, we are talking about their ability to be marketed or sold. If you are selling your house, you might improve its marketability if you convert the loft into a living area. In other words, converting the loft will make it easier to sell the house.

If you have invented a new medical device, how likely are the multiple stakeholders likely to buy, use or prescribe it? Will they choose it, use it or just lose interest in it? Is your product just another brown cow or is it a purple cow?  Is your new product sufficiently better than the standard of care for doctors to go to bat with administration to change vendors?

SmallBusiness.Chron.com has the following definition of the term:

“Marketability is a measure of whether a product will appeal to buyers and sell at a certain price range to generate a profit.”

The business model canvas is a way to validate your hypotheses about the desirability, feasibility, viability and adaptability of your idea.

But, how marketable is your product and how do you determine marketability in advance? Of course, there are no guarantees the dog will eat the food, but here are some things to consider:

  1. Early on, startups must identify the market type in which they plan to operate. In The Four Steps to the Epiphany, Steven G. Blank describes four different types of market:
  • Existing market
  • New market
  • Re-segmentation of an existing market as a low-cost player
  • Re-segmentation of existing market by employing a niche strategy

Winning in some markets is harder than others. For example, entering a “never been done before at scale”, like electric cars, is expensive and takes lot of convincing the early majority to buy it. On the other hand, the upside potential is enormous.

2. In markets where there are lots of stakeholders, personas and members of the buying group, like sickcare, you have to satisfy the jobs, pains and gains or each with a somewhat different value proposition for each one.

3. A “marketability evaluation” is what all inventors should have completed prior to attempting to market their invention. A marketability evaluation basically considers whether the invention is “marketable” within the current and future market. This is extremely important to you since a manufacturer will not license your patent rights for an invention that may be “really neat” but is not competitive with the other products currently on the market.

Here is a quick 20 Factor Invention Evaluation Form that you can complete yourself or have a friend complete. Remember, this form is only effective if you or your friend are honest with the scoring.

4. While you may have determined that your invention has a high marketability, the results are in the execution of your go to market strategy by your sales and marketing team.

5. Marketability exists in a particular moment in time and can easily change by competitive entries, and other threats.

6. The VUCA (volatile, uncertain, complex, ambiguous) world demands that you constantly test your ideas and explore and exploit new business models and products and their marketability.

7. Complacency erodes marketability.

8. Markets constantly change. The modern marketplace is unlike anything seen before in human history. For example, eCommerce allows anyone to order practically anything from anywhere in the world with virtual currency, often with the help of a virtual assistant that personalizes its recommendations so that each person’s buying journey is unique. In this new age, previously reigning marketing paradigms like the 4Ps of marketing are also undergoing a transformation. Welcome to the age of the 4Es instead.

The “4Es” of Marketing are “Experience”, “Everyplace”, “Exchange” and “Evangelism”. Anyone familiar with Marketing theory will recognize that the 4Es draw their basic wisdom from the famous “4P” mnemonic in modern marketing theory.

9. Many startup founders have low marketing IQs

10. Different business models require different marketing strategies and tactics, e.g. direct to patient marketing v B2B v B2B2C

11. Dissemination and implementation among healthcare professionals is a complicated and often unpredictable process. It often takes many years.

12. Successful social media marketing involves finding the right influencers and “sneezers” to help your idea go viral.

If you are a physician entrepreneur looking for investors, or an academic entrepreneur trying to commercialize your idea with your technology transfer office, then the first three questions you will have to answer are:

  1. What is your intellectual property and other barriers to entry?
  2. What is the technical and commercial feasibility of your product?
  3. What is the marketability of your product?

If you fail to convincingly answer these questions, it is likely that you will not pass GO and collect $200. But, given the dismal track record of investor’s and inventor’s new product success and portfolio returns, the exercise might all be marketability theater and just a Wild Ass Guess, that, ultimately, will be tested in the marketplace.

Image credit: Pixabay

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