Jared from Subway Has Important Marketing Advice For You

So what in the world could a pitchman for sub sandwiches be able to teach you about marketing? As it turns out, quite a bit!

Jared’s story about how he lost weight while eating Subway sandwiches has some important marketing lessons that should not go unnoticed. With a little thought and analysis, you can choose the areas where you can apply these lessons to your business.

Lesson number one — Jared has an intriguing story that people become curious to learn more about. This story line is interesting and different, which helps it stand out from the barrage of boring, yawn-inspiring advertisements. Think about how you can create a story around your products, services, and brand. Strive for real human interest, not just simple feature descriptions.

Lesson number two — Jared’s story has an emotional appeal to it. The story is believable, and people become engaged because we all like to pull for underdogs. Every human being makes daily purchasing decisions with emotional aspects to them. If you can infuse your brand story with believable emotional appeal, you will have a distinct advantage over your competition.

Lesson number three — Jared provides visual proof that eating at Subway has helped him take off the pounds. As much as possible and in as many areas as possible, you must provide testimonials and proof in your marketing that reassure your audience how your products and services will work for them, too.

Lesson number four — The Jared campaign has been running for a long time now. Surely, the franchisees, employees, corporate management, and even the ad agency handling the account must be getting sick and tired of seeing the Jared ads. Many companies, large and small, mistakenly stop a successful marketing campaign simply because they themselves are tired of it, even though their audience is still responding. If you need entertainment, go to the movies. If you want to make money, continue running a successful ad until your market stops responding to it and the campaign stops producing results.

Lesson number five — This lesson is perhaps the most important for you and your company. Subway makes sandwiches. Sure it has a little different twist, but it is similar to thousands of other sub shops across the country. One of the things that has helped it stand apart and enjoy growing sales is that Subway was the first within its category to take its product (subs) and reposition it as a health food. Through Jared’s story, Subway took a sub sandwich and turned it into a diet product. With one simple story, the company was able to tie into the healthy eating wave. The product didn’t change much, but the story around the product did. Now how brilliant is that?

So how can you reposition what you currently sell into something that can increase the value proposition without completely recreating it? Jared and Subway have provided a path. Create a story with emotional appeal that repositions you and your business in the minds of your target audience. If Subway can turn bread and sandwich meat into a diet pill, surely you can come up with something.

How to Build a Powerful Brand

The word branding began simply as a way to tell one person’s cattle from another by means of a hot iron stamp. Unless you are selling cattle, the branding we are referring to here is a little different. Wikipedia defines it this way: A brand can take many forms, including a name, sign, symbol, color combination, or slogan. The word brand has continued to evolve to encompass identity — it affects the personality of a product, company or service.

The American Marketing Association defines a brand as a “name, term, design, symbol, or any other feature that identifies one seller’s goods or services as distinct from those of other sellers.”

If you ask someone to give an example of a brand, the most likely answers will be: Coca-Cola, Disney, Starbucks, Google, and Apple, among a few select others. While most companies don’t have the budgets and resources to build brand awareness like these large corporations do, it is still important to understand why building a brand is important for companies of every size.

What are the advantages of building a brand name?

Let’s take a look at a few examples. People willingly and gladly pay four dollars for a cup of coffee at Starbucks, when they could pay a lot less at many other places. Coke products have been imitated by many companies, yet they can still charge a healthy premium over the other brands. Apple has built legions of loyal customers who stay in line overnight to be the first ones to purchase their latest products. That is the power of having a brand name.

Still think this only applies to big companies? Think again. Every company has a brand of some sort. Your brand is your reputation in the marketplace, and it is being defined every day by your customers, your prospects, and even your competitors.

How do you build your brand?

Fulfill the promises that your company makes. Every time. Each time you do this successfully, you are building your brand. When you do this consistently over time, you build trust. Trust leads to word of mouth. Word of mouth leads to more customers and longevity. Do that long enough, and your company will be the next overnight sensation with a powerful brand name everyone can remember.

Turn Callers Into Customers with Messaging On Hold

Think about the last time you called a business and were put on hold. Dead air can make a 30-second wait feel like forever. The majority of callers will hang up if they feel like they’ve been on hold too long, and many of them will never call back.

On-hold messaging is a great way to decrease caller hang-up by entertaining callers and making their wait feel much shorter. It’s also a creative way to inform and educate callers. Many of your customers aren’t aware of the variety of products or services you offer. On-hold messaging provides an easy marketing opportunity to target customers or prospects that have already shown interest by calling your business.

Here are a few ways to get the most out of your on-hold messaging:

  • Inform callers about upcoming sales or promotions.
  • Advertise tradeshows, open houses, and other events.
  • Educate callers about new products and services.
  • Highlight industry resources and other helpful websites, articles, etc.
  • Provide fun facts and intriguing trivia questions and answers to get the listener thinking.
  • Remind callers about upcoming holidays and important events.

While nobody likes getting put on hold, well-produced messaging can keep your callers entertained and informed while they wait.

Is Your Company Tagline Boring Your Customers?

A tagline is a short, descriptive phrase used alongside a company logo to drive home the message and promise of a brand. If your tagline is getting long in the tooth or does not resonate any longer, it may be time to take a look at upgrading it. Even big brands like Coca-Cola change their tagline when it needs reinvigorating. It’s never too late to change a tired tagline.

Eric Swartz of the Byline Group suggests sitting down and asking yourself some core questions about your company:

  • Who are you?
  • What are your values?
  • What is your vision?
  • How would you describe your corporate culture?
  • What nouns and adjectives would you use to convey your brand’s promise and its solution?
  • What words might your customers use to describe your company?
  • Are there any misconceptions about your company that need to be cleared up?

(More information here: Slogans That Are the Real Thing)

To get your creative juices flowing, here is a list of the top 10 taglines since 1948:

  1. “Got milk?” (1993, California Milk Processor Board)
  2. “Don’t leave home without it.” (1975, American Express)
  3. “Just do it.” (1988, Nike)
  4. “Where’s the beef?” (1984, Wendy’s)
  5. “You’re in good hands with Allstate.” (1956, Allstate Insurance)
  6. “Think different.” (1998, Apple Computer)
  7. “We try harder.” (1962, Avis)
  8. “Tastes great, less filling.” (1974, Miller Light)
  9. “Melts in your mouth, not in your hands.” (1954, M&M Candies)
  10. “Takes a licking and keeps on ticking.” (1956, Timex)

(Source: The 100 Most Influential Taglines Since 1948)

Not having a great tagline (or one at all) may not doom a business, but having a memorable tagline can certainly help a business stand out from the clutter of a crowded marketplace.

Free Shipping: A Powerful Marketing Tactic

The online commerce world is constantly changing, yet one thing remains the same: the dramatic impact “free shipping” has on sales. “Free shipping” is the top offer customers look for and will respond to in e-mail messages. In addition, many customers abandon their shopping carts because of high shipping charges and select retailers who offer free shipping over those who don’t.

Many people wonder, is free shipping really free? Unlikely. Pricing is often a perception game, with the cost of shipping getting absorbed into the product cost. However, many people would often rather pay more for a product than pay the extra shipping.

Here are a few creative shipping promotion ideas to encourage customers to purchase from you rather than your competitor’s website:

  • Offer a shipping promo relevant to purchase amount. For example: Receive free shipping with an order or $50 or more.
  • Send a free shipping code as an exclusive offer, such as a birthday or anniversary promo, or to those who “like” you on Facebook.
  • Depending on the types of products you offer, consider an affordable $1/item shipping option.
  • Offer free site-to-store pickup, which also encourages additional sales when customers pick up their package.
  • Offer a customer loyalty club that offers free shipping or reimburses shipping after reaching X amount of annual purchases.
  • Consider offering a free shipping club that usually carries an annual membership fee. For example: Pay a $30 annual membership fee to receive free shipping on every purchase for one year. This not only encourages loyal customers to purchase more than they may otherwise, but also encourages customers to do their shopping exclusively at your business versus another because of free shipping.
  • Offer a flat-rate shipping promo. While shipping isn’t free, it can often encourage customers to make more purchases, knowing they will only pay X for shipping regardless of their purchase amount.

Can Simplicity Win?

Today Google is known for many things, including its innovations and search engine domination. But with the passage of time, it is easy to forget an important lesson Google provided that we can all learn from and apply to our own businesses.

Not long ago, Yahoo! and AOL dominated the Internet like Google does now. It was common to use the homepages of these past giants to see calendars, news, sports scores, weather, stock quotes, personals, email, auctions, games, classifieds, travel information, and more. The thinking was that more is better, and so they kept adding more. Shopping, horoscopes, real estate…the list goes on.

Then came Google. In complete contrast, the Google homepage contained just a simple logo and search box. Underneath the search box, there were two simple options: “Google Search” and “I’m Feeling Lucky.”

At a time when we are being bombarded with marketing messages and our email boxes are packed with spam, it’s no wonder many complain of information overload. Maybe to stand apart and catch attention it’s time to do the opposite of everyone else. Sometimes less is better. Sometimes simple wins.

It seems to be working quite well for Google.

Boost Sales with FAQs

Many people enjoy shopping online for one main reason: convenience. A frequently asked questions (FAQ) section on your website will save your customers time by providing them with quick answers and relevant advice. At the same time, it will also save you time by eliminating repetitive questions. A well-produced FAQ will reinforce buying decisions and shorten the time it takes to order from your business. Here are a few tips to get the most out of your FAQ section:

  • Answer each FAQ with well-written content that will also help rank in search engines for keywords relevant to your industry. Doing this can help turn your site into a resource for customers and other prospects.
  • Allow answers to expand and minimize with a single click, so the questions remain easily scannable and readers don’t have to wait for a new page to load each time. Do not create the FAQ as a separate file (such as a PDF) that customers need to download to read.
  • Update FAQs frequently to ensure answers are still relevant.
  • Organize questions so they are easy to find, such as by category, with the most popular questions first.
  • Use brief, informative answers. If detailed answers are required, provide a link to more information. Have the link open in a new window, so the visitor doesn’t have to leave the current page.
  • Focus on providing helpful information. Avoid flashy designs that distract from your content.
  • Include various contact methods should the reader want more answers. In addition to general contact information (phone, fax, email, mailing address, etc.), provide a question form that’s easily accessible from your FAQ page.

Become a Resource for Your Customers

The average prospect is bombarded by so many salesmen eager for their business that they can be selective over the solution provider they choose. While quality and price will always remain important factors, the level of expertise and guidance provided is often just as important. Here are a few ways you can become a resource for your customers:

  • Offer hands-on training as an extension of your customer’s organization. By enhancing their ability to anticipate, understand, and solve problems, you can help them develop solutions faster and more efficiently than on their own.
  • Provide a newsletter, or encourage customers to sign up for your blog. Then fill that newsletter or blog with tips, articles, industry trends, new product highlights, and relevant industry articles and resources. Create an archive section on your website that makes all previous information you’ve provided available for viewing.
  • Create a resource page on your website that offers a comprehensive list of engaging and helpful links to industry resources, helpful websites, associations, event calendars, etc.
  • Create an industry chat forum through your web page that gives people with similar interests the ability to chat with others about your industry, products, resources, etc.
  • Stay current on industry trends and new products, as well as competitor solutions, so you can offer educated answers to your customers.
  • Stay involved with your customers. Periodically check in to see how they are doing and to show that you sincerely care about them and your relationship with them.
  • Put yourself in your customers’ shoes. Learn more about their industry, customers, associations, events, etc. Think of creative ways you can help them be more successful in their ventures.
  • Don’t just use a sales pitch. Instead, share your enthusiasm and knowledge. Salespeople who are passionate are the most successful because their belief in the products or services shines through.

What does a $300 million cable have to do with your bottom line?

We’ve all heard the adage that time is money. Well, in the financial markets of New York and London, they measure that time in milliseconds and the money in hundreds of millions of dollars.

More precisely, a new transatlantic cable, currently in development, will save traders about 6 milliseconds per transmission. The project’s cost: $300 million. Once finished, the company behind the cable plans to charge as much as 50 times more to use the service than existing alternatives, and financial companies are already chomping at the bit to pay.

Why? According to one estimate, a savings of just one millisecond would add $100 million to a large hedge fund’s annual bottom line.

So where can your company shave time?

  • Start small. Sure, you’re not likely to see a $100 million savings, but even little time-savers — a few minutes here, a couple seconds there — add up and can help you work more productively.
  • Streamline processes. Engineers working on the new transatlantic cable project studied commercial flight paths between New York and London in planning their route. As a result, the new cable will be about 310 miles shorter than existing lines. What best practices can you follow to achieve similar savings at your company?
  • Plan for the future. This is the first new transatlantic line installed in the last 10 years, and planners have spared no expense to make sure it lives up to its promise. If it fails — or someone builds a faster conduit — all they’ll have is a very expensive piece of cord lying at the bottom of the ocean. So how can you plan ahead to keep momentum going? Start by investing in technology, building up infrastructure, and creating a mindset of efficiency and effort at your company.

Why You Must Diversify Your Marketing

If you ever listen to financial experts, you will inevitably come across an often repeated phrase: “Diversify your financial portfolio.” Why do financial planners preach this ad nauseam?

History has taught them that, if you put all of your eggs in one basket, you increase your risk of losing your portfolio. The greater the concentration in one type of investment (just stocks, or just bonds, or just parking cash in a low-interest money market account), the greater the risk that you will lose in the long run. So diversification in this instance is really just risk management.

Advertising and marketing have been around a long time now. Traditional options range from mass marketing like radio, TV, billboard, and newspaper ads to personalized print and direct mail advertising. Websites, email marketing, social media, and mobile ads are the new kids on the block. Experts in each of these specialties claim their medium is the best investment. Whether a fresh-out-of-school social media guru or an old-school yellow page ad rep, each has a valid point to consider that paints their tool in the best light.

So what should you do? Which medium really is the best to use for your business? Only you can answer that, but the smart money may be to take a page out of the financial experts’ wisdom and apply it to marketing your company: diversification. You don’t need to use every advertising medium known to man, but you shouldn’t put all of your eggs in one basket either.

The prospects, leads, and customers you are looking for use different media for different reasons. When you only use one, you are only reaching a small portion of your audience. So manage risk in your marketing campaigns by diversifying your marketing portfolio. When you accomplish this, your financial portfolio will be much happier, too!