Tag: business strategy

  • CONTENT WORTH YOUR TIME: Q&A WITH KATE REUTER, ENTREPRENEURIAL COACH

    CONTENT WORTH YOUR TIME: Q&A WITH KATE REUTER, ENTREPRENEURIAL COACH

    Recently, we were lucky enough to pick the brain of entrepreneurial coach and bad@$$ business mom, Kate Reuter. Kate’s expertise is in Facebook ads, but she has several marketing skills in her—what I can only imagine is—very stylish clutch.

    Since we’re currently living in the time of Teams meetings, Zoom events and anti-physicality, we thought it would be most responsible to interview Kate digitally. So grab a comfy spot on your couch, pop off that mask, grab a glass of *much-deserved* wine and check out our interview with Kate below.


    kate reuter entrepreneurial coach


    Media Garage Group (MGG): SCENARIO: A fledgling entrepreneur books a consultation with you. He comes to you with only a good idea for a small business: a “brick and mortar” retail store (he has no current interest in expanding). He has done a ton of research to begin writing his business plan, but hasn’t even considered the marketing component of the plan yet (not even branding!). What are the first three things you tell him to do?

    Kate Reuter (KR): The first question I would ask him is to outline everything he knows about his ideal customer. I would have him go through exercises to get inside their brain and uncover what their greatest challenges, pain points, and desires are.

    Then, I would have him map out what he wants their customer journey to be.

    • Where will they first hear about his store?
    • How will they interact as they become more familiar with his store and his offerings?
    • How does he envision nurturing the relationship, creating trust, and eventually inviting them into the store?
    • What will their shopping and buying habits be like and how can he set the stage for an experience that will satisfy their expectations?

    Last, I like to use both qualitative and quantitative data to monitor progress, so I would have him consider what key performance indicators (KPIs) he will measure in order to track his performance.

    • What data around their interaction with the store and its online channels would he like to assess?
    • What does he envision would help him obtain a complete picture of the customer experience with the store, so that he can work to improve it, as well as cultivate loyalty and repeat business?

    MGG: I used a man in the above example because I know your business caters predominantly to women; moms, specifically. Have you experienced anything you’ve considered a missed opportunity because of this? Or does the niche target audience lend itself to more qualified leads?

    KR: Great question! I have pivoted my business and my ideal client many times over the last 20 years, so I have worked with so many different kinds. I still have clients who are not moms today!

    I tend to attract clients now who are similar to myself—those who are also moms and who may be struggling to balance it all while trying to grow a business. Being a single mom myself, as well as a cancer survivor, I tend to attract those who are passionate about their life, who value well-being, and those who want to build a business they can be proud of without driving themselves into the ground or sacrificing their ability to show up for their family. I also have an undergrad degree in Marketing and am part of the Master’s Program at USF, so I tend to attract other well-educated moms who came from corporate in the past, and who are ready to build something of their own, rather than be tied to a 9-to-5.

    That being said, I don’t typically turn away an opportunity to work with someone outside of my niche if they are committed to being successful, passionate about serving others, and willing to do the work.

    However, a key component of marketing and something that I teach my clients is the Power of One, and part of that strategy is focusing on just one type of client.

    When we narrow our focus to just one type of ideal client, it is much easier to get inside their head, understand them, and then show up and speak to them consistently! It makes the process of developing the right messaging, creating valuable content, and drafting copy that converts that much more streamlined.


    MGG: If you had to choose only one, what is the most important component of a successful Facebook ad?

    KR: It’s challenging to extract just one, since each variable of the campaign plays an important role to its success. It’s like asking which ingredient is the most important when you are baking! You need all of them to work together. Missing out on one ingredient can make it go terribly wrong! But, I can narrow it down to the top three:

    • Objective: What you tell Facebook your purpose of the ad is
    • Targeting: Who you want to see it
    • Copy: What you want to say to them

    Each of these components should be considered from the perspective of your client. What do they need to hear, see, and know from you though this ad; and what, specifically, do you want them to do as a result? Do all of those pieces make sense when you put them together?


    MGG: What’s the most common (or one of the most common) question entrepreneurs ask you? What’s your answer to it?

    KR: What’s the best way to __________________? (insert anything)

    As humans, we want to know the “how” and we want someone to tell us how to do it, and how to do it right the first time so we don’t fail.

    I’ve been a marketing consultant for a long time where I only gave the answers. Now I’m a coach and a strategist. So I coach on marketing strategy and on mindset. What I realized through two decades of doing this work is that we are not all building the same exact puzzle. And there are a few different ways to go about building a puzzle, period.

    Even with all of the “right answers,” you can still fail in business if you are not equipping yourself with the mentality you need to persevere.

    For many, that requires a coach who has gone through it themselves.

    I offer tons of options and best practices to my 1:1 clients. I tell them what I’ve seen in my past experience—but my experience is so vast that I also know there is not just one way that I have seen “work.”

    Those who are most successful are my clients who don’t just take my advice, but understand why, and they know how to replicate their success over and over again—with their own wisdom. I am their guide and I offer them support through powerful decision-making so they can implement strategies that they can sustain for the long-term.

    Once you have these powerful tools as part of your arsenal, you will come to understand that you can figure out anything and have the confidence to go after it. And you will keep going until you have it. You will simply find a way. And that is the most powerful position to be in as an entrepreneur.


    MGG: In the free mini-session description on your site, you say that you’ll help clients “uncover what is getting in the way” of their success, presumably. What do you find to be some of the most common culprits of blocking entrepreneurial success?

    KR:

    • Belief in themselves or their work
    • Thinking there is only one right way to be successful
    • Uncertainty around why they want this success for themselves
    • Thinking that they will feel better once they get “there” and not appreciating the journey

    The tools I have access to help us overcome all of these obstacles.


    MGG: Can you give us three tips or tricks for “killing it” at an in-person small business networking event? What about for a digital (i.e., Zoom, Teams, etc.) networking event?

    KR: I’m an introvert, so I’ve done a lot of personal work in this area, since it was a challenge for me in the beginning of my career! I love helping my clients through this process of developing confidence when networking and how to stand out from the crowd. I go more in depth on this podcast episode, but here are the top tips that apply to anyone:

    1. Go with an intention to serve, not sell.
    2. Get curious and ask open-ended questions.
    3. Allow yourself to be vulnerable and find deeper connections.

    If there was just one thing I would advise those who fear networking, it is to do some work prior to the event to prepare. I suggest journaling about who you want to show up as at the event. Visualize success for yourself and practice beforehand what that looks and sounds like (be specific).


    MGG: Have you ever had to “fire” a client? If so, how did you go about doing so? Under what circumstances would you fire a client?

    KR: Yes, I have one instance of this, where I walked away from the client relationship on the basis of disrespectful language and treatment of myself and others. I learned so much from that experience and the importance of setting boundaries in client relationships, as well. There is no mistreatment that is worth the money. There are not a lot of other circumstances I can think of that would warrant me firing another client, and I haven’t experienced anything close to that type of interaction since.


    MGG: Who are some of your favorite marketing (or Creative, in general) heroes? And/or who are some of your favorite marketing/Creative social media accounts to follow?

    KR: I am a firm believer that all of the knowledge we seek and the experience we have comes together to form the combination of traits and skill sets that allows each of us to deliver one-of-a-kind value to the world. And there have been so many authors, mentors, and influencers who have brought something interesting and unique to my work.

    One of the most recent books I recommend is “Atomic Habits” by James Clear. I am currently listening to “Think Like a Monk” by Jay Shetty on Audible.

    Other favorite mentors include Stephen Covey, Russell Brunson, Seth Godin, and Donald Miller. I am also mentored by Brooke Castillo of The Life Coach School, where I am becoming certified as a coach as well.


    MGG: What are a couple outdated/passé “marketing rules” or trends that you still see being practiced in the local and/or national marketplace?

    KR: I am not a fan of the word “formula.” There is no one right way. And this seems to go hand in hand with messaging that just feels less authentic.

    Authenticity in marketing is very important to me and something I coach my clients through.

    I also see many making mistakes with ads, thinking that they need to put all of the messaging and all of the calls-to-action in one ad. This gives a user too many decisions to make and therefore they do nothing.


    MGG: SCENARIO: You’re at a networking event and there’s someone in attendance who you don’t know, but who you really want to meet and talk to. What’s the best way to go about this without being creepy?

    KR: First, working on my objective in the first place and ensuring I like my reason for being there. Thoughts like “I have value to offer” or “I want to connect with this person” or “I want to help others” set the stage for an authentic conversation.

    I also love the power of questions in this type of scenario. So, I could make small talk, but more often, I will ask a question. I prefer open-ended questions like, “What brought you to this event today?” and “Could you tell me more about the work you do and why you do it?”

    These are the types of interactions people remember because you showed a genuine interest in them. The key is to remember to LISTEN WELL.


    MGG: What are three of your favorite desktop or mobile apps that aren’t *necessarily* for marketing, but have improved your digital marketing practices (e.g., a photo-editing app like VSCO, etc.)?

    KR: Yes, photo editors for sure Adobe Spark and VSCO are great, but mainly for me, Canva. It has been foundational to my content, especially in my private Facebook group.


    MGG: What is the book you gift most frequently? If not a book, what is one of your favorite “thank you” gifts to send?

    KR: I’ve given gifts and other giveaways with various journals and calendars, but also the Rocketbook.


    MGG: I love that your podcast is short, bite-sized chunks of information for entrepreneurs rather than the hours-long formats that many other entrepreneurs publish (some of them are great). Business-related or not, what are a few podcasts that are in your queue?

    KR:


    MGG: Okay, last question. What are your top 3 (or 3 that you like/believe in) holiday marketing and/or networking tips for small businesses?

    KR:

    • Plan ahead. Thoughtful promotion takes time, and we don’t want to sacrifice authenticity just to meet a goal. Give yourself time to plan and market special events or promotions. Depending on your industry and its offerings, allow 30-60 days to promote those important events and launches.
    • Join the conversation. If you are connected to your audience and their needs, you will also understand that you need to meet them where they are. Gain some insight into what their challenges are during this time, and ensure that what you offer is relevant and timely.
    • Get creative and show your personality! The holidays are a great time to showcase your personality or that of your brand, so have fun with it if that is your style! If you are honest with your perspective and delivery, you will attract those who love you and repel those who don’t. Either way, you will be showing up authentically and remain focused on connecting with clients who are the best fit.

    We’re so grateful for Kate’s time and sage advice. You can find her at her website, on Instagram, Facebook, Apple Podcasts and Spotify.

    And from our Media Garage family to yours, we wish you a very merry holiday season.
  • 4 WAYS PRACTICING GRATITUDE IN BUSINESS PAYS OFF

    4 WAYS PRACTICING GRATITUDE IN BUSINESS PAYS OFF

    It’s almost here. The day to see your extended family one of two times per year, stuff yourself silly with green bean casserole, pretend you know what a “cornerback” does, and think about what you’re grateful for. Just like the pilgrims and American indigenous peoples did!

    You know what they didn’t do? Take advantage of a holiday to create some of the best small business marketing content this side of the Mississippi. I mean, who would even do that?! Who would even say that?! The nerve of some people.

    On an unrelated note, in recent years, gratitude has proven to be increasingly responsible for one’s overall happiness and well-being. From simple things like thanking someone for holding an elevator, to intense week-long meditation retreats focused on the issue, gratitude allows us to heighten our frequency and change our perspective.

    Let’s take a deeper look at the role of gratitude in business.

    4 WAYS PRACTICING GRATITUDE IN BUSINESS PAYS OFF


    BECAUSE SCIENCE

    According to a 2017 Forbes article, we need three positives to outweigh the impact of one negative. In other words, we feel and hear negativity with three times the power that we experience positivity. The issue in our current culture, however, is that we tend to give 10 times more negative feedback than positive feedback. Essentially, we need a 3:1 ratio, but we get 1:10, which leaves us unfulfilled, anxious and depressed. This is why gratitude matters.


    Regularly expressing gratitude (the quality of being thankful and readiness to show appreciation) literally changes the molecular structure of the brain, keeps the gray matter functioning, and makes us healthier and happier. 

    UCLA’s Mindfulness Awareness Research Center

    Practicing and experiencing gratitude literally has the power to rewire your brain. (And, yes, I know how literally works.) Gratitude serves as a sort of natural antidepressant. During the practice of gratitude—say, thinking about or writing down three to five things you’re grateful for—specific neural circuits are activated. Production of serotonin and dopamine increases, and neurotransmitters, or “chemical messengers,” travel neural pathways to the brain’s “pleasure” center. The more we practice, the stronger these neural pathways become—a phenomenon known as “Hebb’s Law,” which states: “Neurons that fire together, wire together.” “The more times a certain neural pathway is activated (neurons firing together), the less effort it takes to stimulate the pathway the next time (neurons wiring together).

    Source: The Neuroscience of Gratitude



    BECAUSE TEAM-BUILDING

    In a whitepaper published by the Dale Carnegie Institute, researchers found that “showing appreciation” was the number one blind spot for most leaders. Which, in turn, makes it the greatest opportunity for improving employee engagement and company performance.

    Gratitude is a social emotion—and moral emotion—that has the power to strengthen relationships because it requires us to take stock of how we are supported and affirmed by those around us. Additionally, gratitude puts us in a position to recognize how positive things in our lives, like a success at work, are often due to outside forces—particularly the efforts of others.

    Of course there are (and will be more) business leaders who believe that this type of attitude toward gratitude doesn’t belong in the workplace. Some believe it shows weakness or lacks professionalism. To those people I say …


    Let’s take a look at a few benefits of gratitude in the form of workplace recognition:

    • Motivates employees
    • Provides sense of accomplishment
    • Provides feeling of appreciation
    • Builds trust
    • Increases emotional resilience
    • Fosters cooperation
    • Decreases toxic emotions (e.g., envy, materialism, etc.)
    • Increases staff retention rates
    • Strengthens company loyalty
    • Promotes employee engagement

    Sources: Making the Business Case for Gratitude; How Gratitude Can Transform Your Workplace


    Keep in mind that in order for gratitude to work, it has to come from a genuine place. If done correctly, gratitude has the power to make your business more profitable because your employees will be more engaged and effective. However, if your team gets even a *whiff* of insincerity, you’re going to get the opposite effect—your employees will know you’re using them. You must honestly want what’s best for your team. And if you don’t want that, you may want to consider a new personality career.


    BECAUSE CUSTOMER SATISFACTION

    Establishing relationships is at the core of any business venture. Incorporating gratitude into this process will enable you to better connect with customers, attract new clients and foster beneficial rapport with manufacturers and suppliers.

    According to Betsy Bugg Holloway, a marketing professor Samford University in Birmingham, Alabama, gratitude is an effective tool largely because “it is a precursor to develop trust.” And trust, itself, is an extremely powerful driver of loyalty, no matter the type of relationship.


    Gratitude motivates positive reciprocal behavior. If a customer believes that a business has his [sic] best interests at heart, that customer is more inclined to develop a long-term relationship with the business.

    — Randy Raggio, marketing professor at the University of Richmond

    Let’s go over a few DOs and DON’Ts of gratitude with regard to current and potential customers.

    DOsDON’Ts
    Build memorable bonds that transcend “business relationships”Be afraid to show [rational] emotion; consider emotion a “weakness”
    Know your client well enough to add a unique, personal touch when sending a giftSend a faceless, generic gift to an important client
    Look people in the eye; give genuine compliments when they’re due; engage in active listeningLook at your phone during client meetings; dole out insincere “compliments” to further personal agenda

    When your customers believe you sincerely care about their well-being, they’re more likely to refer a friend, write a positive online review or pay a little more for your products and/or services in the future.

    Sources: 5 Reasons Why Practising [sic] Gratitude Is Great for Your Business; Why gratitude is good for business, year round


    BECAUSE THE BOTTOM LINE

    I hope it is becoming clear how important gratitude in business is. It’s one of those things that often gets overlooked in the day-to-day, but plays such a crucial role in a business’s ability to thrive.

    Still, many business leaders view gratitude as a social nicety rather than a tool to improve company performance. Perhaps some hard facts & figures from the Harvard Business Review will do the trick.

    • Depending on industry, acquiring a new customer is 5 to 25 times more expensive than retaining an existing one.
    • Increasing customer retention rates by 5% increases profits by 25% to 95%.

    Take, for example, Reston Limousine. In 2009, its President & CEO, Kristina Bouweiri, began holding fancy customer appreciation lunches for a friend’s lagging business. Those lunches provided Bouweiri with the opportunity to meet 900 clients, which gave her own business a healthy boost. She knew that her unexpected success was a testament to the power of appreciation and gratitude in business and immediately pivoted her strategy.

    From that point on, rather than going after new business, she and her team decided to go back to old clients and thank them—to develop relationships with them. For nearly 20 years, the Reston Limousine team had done little to nothing to show gratitude for its nearly 20,000 clients. “Now,” says Bouweiri, “I consider it the most important initiative that I have.”

    Similarly, Dr. Justin Wood, Th.d., CJME, who was given the task of reviving a dying restaurant, decided to put the practice of gratitude into place and had employees focus on making customers feel appreciated. Not only did this double business in a month, but continued to set quarterly financial records.


    I retain a high percentage of customers. This costs me less in marketing and those customers tell others of my services; in turn, gratitude saves me money, while making me money and costing me nothing.

    — Dr. Justin Wood, Th.d., CJME

    These examples only tout the benefits of gratitude toward clients. What about your internal team?

    Continuing on the idea that gratitude is a business tool rather than a “social nicety,” let’s take a look at employee turnover. Most employees leave a position because they feel disengaged. The root cause of this disengagement? A lack or total absence of gratitude in the workplace. They feel like they’re neither being seen nor appreciated at work.

    • 71% of American employees report feeling not fully engaged at work
    • 26% of American employees report feeling actively disengaged at work

    Fear not—there’s an easy solution. A study reported by Harvard Medical School and conducted by the Wharton School at the University of Pennsylvania found that employees who heard expressions of gratitude before doing work made 50% more progress on their goals. All because of something as simple as a sincere “thank you” or “great job.”

    Sources: Why gratitude is good for business, year round; 20 Examples of How Showing Gratitude Helped a Business; Why Expressing Gratitude Is Good For Business And People


    As technology continues to develop at lightning speeds and we become increasingly isolated from one another, it’s imperative that we all make an effort to reach out, listen carefully, speak intentionally and strengthen the bond that binds us all: love for our tribe. Whether it’s a familial tribe, professional tribe, or chosen tribe, if we don’t support one another—on any scale—the whole system collapses.

    We hold the power. We have the ability to not only reinforce our relationships, but to forge new ground and create bonds that we never imagined creating. Gratitude is the answer. This Thanksgiving, and every other day of the year, gratitude is the answer.

    So, from this boutique ad agency to you …

    THANK YOU FOR READING. WE APPRECIATE YOU.