Читать книгу Becoming THE Expert - John W. Hayes - Страница 12

Organisation 2 had access to a great product, could beat anybody on price and still maintain a decent margin and, perhaps most importantly, they possessed a complete understanding of the industry in which they worked. As a family business, their reputation had been formed over several generations and while the current business owners had modernised significantly (adopting internet technologies not normally associated with such a traditional business) they had retained much of the charm and character afforded to them by their long history.

This organisation had two streams of revenue. The first was from a client base who they had been serving for years (although this market was in decline). The second was via mail order customers who were attracted to the business due to its geographic location, which had a great reputation for delivering high quality products (a real opportunity for growth).

Due to the local interest connection, the local media (which included a range of newspapers, magazines, radio and TV) could have been particularly important to developing this organisation’s brand. You should never underestimate the importance of the local media, particularly now that local stories can have a global audience thanks to the internet.

The local media were in fact very keen to showcase the products and services of this local business. They wanted to position them as local ambassadors and, as such, catapult their reputation to new heights. But every approach by local journalists and feature writers was rebuffed.

The reason for this was, in my mind, quite ridiculous. The owner didn’t want his ‘mates’ (many of who also worked in the same industry) reading about him in the local paper, claiming, “They would never let me hear the end of it if my photo was splashed all over the Telegraph.” As a traditional industry, the adoption of modern technology was treated with a degree of cynicism and mistrust by many of his industry peers and for foolish reasons he feared their reaction to his high-tech endeavours more than the loss of significant steams of new business.

Instead of building his business on his reputation, the owner seemed happier to pay for advertising and promotion that failed to ride on the local connection and had little impact other than adding significantly to the costs of running the business. This meant he was just one of many businesses struggling alongside competitors who didn’t deserve to be in the same class. I check in with the proprietor every now and again and business is so-so, but it seems they are losing significant trade to newer firms in the area who are building their reputations through their more aggressive approach to Thought Leadership.

These case studies are instructive because they show that you should avoid putting up barriers like these in your business. The moral of both these stories is don’t waste your time inventing roadblocks – just get on with your Thought Leadership.