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RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:00 AM): Entered the room.
Frederick (the1960area.com)
(5/21/2001 9:00 AM): Morning, StarK - only you and me?
Frederick (the1960area.com)
(5/21/2001 9:00 AM): Oh - morning, Rob
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:01 AM): Good Morning! I don't think StarK is here..looks
like that was from a few days ago...
Frederick (the1960area.com)
(5/21/2001 9:01 AM): So it was
Good morning (5/21/2001 9:01
AM): Entered the room.
Frederick (the1960area.com)
(5/21/2001 9:01 AM): Thin pickin's this morning?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:02 AM): Uh oh, can Good Morning please log in again?
Dave[dlambert@iname.com] (5/21/2001
9:02 AM): Entered the room.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:02 AM): Could be, Frederick. Sometimes it's really
slow. Last week, a bunch of people logged on at 9:45! No big
deal. I just hang around until there's action.
Joel Reymont (5/21/2001 9:03
AM): Entered the room.
Joel Reymont (5/21/2001 9:03
AM): sorry rob, I'm not thinking clearly this morning. 5 hours
of sleep + intense workout
Barb (gfxinc.com) (5/21/2001
9:03 AM): Entered the room.
Joel Reymont (5/21/2001 9:03
AM): <-- formerly known as Good Morning
Barb (gfxinc.com) (5/21/2001
9:04 AM): Good afternoon, on this Canadian holiday
Del (5/21/2001 9:04 AM): Entered
the room.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:05 AM): Hi folks, just grab a chair anywhere...there
are doughnuts and coffee on the table in the back of the room....
Mark P-R (p-rposters.com)
(5/21/2001 9:05 AM): Entered the room.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:05 AM): Hi, Barb -- what's the holiday?
Dave[dlambert@iname.com] (5/21/2001
9:05 AM): Canadian Holiday ? - Oh, happy Victoria Day
Del (5/21/2001 9:05 AM): Rob:
Mind if I throw out an Ad-related question to you?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:05 AM): Sure, Del. Might as well start it off.
Barb (gfxinc.com) (5/21/2001
9:06 AM): Rob, are you familiar with Poor Richard's "self-branding"?
Del (5/21/2001 9:06 AM): Out
of 4 trade journals in my industry, I'm advertised (line ads)
in three of them.
Barb (gfxinc.com) (5/21/2001
9:06 AM): thanks, Dave :)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:07 AM): Hold on a sec barb for Del...
Del (5/21/2001 9:07 AM): Based
on sales, Mag 1 pulls 60% of the buyers, Mag 2 pulls 8% and Mag
3 pulls 1%.
Del (5/21/2001 9:07 AM): Should
I try a line ad in the 4th, untested journal or up Mag 1 to a
1/6th or 1/4 page display ad?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:08 AM): Assuming that the rates are close, why wouldn't
you dump #3 and test #4?
Del (5/21/2001 9:09 AM): Rob:
I'm in a prepaid 1 year contract on all of them.
Del (5/21/2001 9:10 AM): So
the question was more along the lines of try a line ad in #4
or not run that ad and instead increase the ad in Mag 1 to see
if it draws a larger audience.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:10 AM): Gosh, it's hard for me to say without seeing
the pubs. But if you're looking to upgrade, and you're on a prepaid
basis, I would schmooze your ad rep and see if they'll sell you
a display on a remnant basis.
Frederick (the1960area.com)
(5/21/2001 9:11 AM): Del, If mags 2 and 3 are truly appropriate,
why not change the wording and keep changing it until it produces.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:11 AM): You may actually get it for ten cents on
the dollar. All you have to do is give them the art and tell
them to run it whenever they have the extra space available.
Del (5/21/2001 9:11 AM): Tried
that. :-) A new publisher bought the mag and would rather reduce
page count then discount ads.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:12 AM): You tried the remnant offer?
Del (5/21/2001 9:12 AM): Mag
2: Is the national trade journal, mostly big money companies
that tend to have a billion people to make one decision (Rob's
favorite kind of client).
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:12 AM): EVERY publication will talk to you about
it.
Del (5/21/2001 9:12 AM): Rob:
Yes.
Del (5/21/2001 9:13 AM): Rob:
Maybe it's just the west coast sales rep. Doesn't want to drop
her commission.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:13 AM): Well, if that's the case -- and again I'm
working in the dark -- I'd test #4 first. Then, if it doesn't
work, I'd dump the lower producing pub and test display in #1
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:14 AM): I'd go over her head. That's a REALLY bad
sales rep you've got. She should do anything to build her sales.
Del (5/21/2001 9:14 AM): Cool.
That saves me money in the near term (1/6th B&W ads go up
to $1400 in July for a 1x).
Marshal (marshal@PositionWizards.com)
(5/21/2001 9:14 AM): Entered the room.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:14 AM): Seriously, Del, talk to her supervisor.
She's' costing him/her business by not working with a growing
advertiser.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:15 AM): The supervisor will thank you.
Del (5/21/2001 9:15 AM): Rob:
My ad verbiage pulls well...In fact, this last issue, a competitor
pretty much used it. I had "emotionally-charged postcards"...They
went with "Low-priced postcards" as their opener. They
can have those clients. :-)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:16 AM): Hey, price is no strategy. Your sales are
climbing, right? You're on the right track.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:16 AM): Barb, did you have a question?
Del (5/21/2001 9:16 AM): Rob:
I'll do that....The only trouble with remnant space, from what
I understand, is that most publishers will want several ad sizes
to cover empty ad slots.
Del (5/21/2001 9:17 AM): Sales
are really nice (helps to have introduced a new line of humorous
greeting cards and a do-it-yourself referral postcard.,
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:17 AM): Del, spend a day on a Mac using Quark. Crank
out as many sizes as you can. No big deal.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:17 AM): If you give them what they want, they'll
run it. Give them everything they need so they can't say no.
Del (5/21/2001 9:18 AM): "Spend
a day on a Mac using Quark"...LOL. That's my life. ;-)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:18 AM): Used to be mine, too!
Del (5/21/2001 9:18 AM): Onwards!
Help the next in line. :-)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:18 AM): Does anyone else want to jump in? Mark?
Barb?
Barb (gfxinc.com) (5/21/2001
9:19 AM): hey, it sounds like Del and I are in almost identical
businesses!
Barb (gfxinc.com) (5/21/2001
9:19 AM): Del, are you also a printer?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:19 AM): Do I detect a merger/acquisition here?
Del (5/21/2001 9:19 AM): Barb:
No. That's outsourced.
Barb (gfxinc.com) (5/21/2001
9:20 AM): in all fairness to Poor Richard's publication, I didn't
read it entirely ...
Dave[dlambert@iname.com] (5/21/2001
9:20 AM): Or at least a mutual link arrangement :-)
Barb (gfxinc.com) (5/21/2001
9:20 AM): Del, are you a broker? ... can you elaborate here?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:20 AM): Yes, you were saying about Poor Richard...
Barb (gfxinc.com) (5/21/2001
9:21 AM): .... I was just taken aback at the term "self-branding"
Del (5/21/2001 9:21 AM): Barb:
Rather than tie up the chat with out conversation, email me any
questions you may have: del@loanfuel.com (You can even visit
the website to take a look, if you'd like.)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:21 AM): Hey, if you order from Barb on Tuesday,
you get an extra 500 color postcards for only $10 more!
Barb (gfxinc.com) (5/21/2001
9:21 AM): <smile> Thanks, Rob
Barb (gfxinc.com) (5/21/2001
9:22 AM): will do, Del
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:22 AM): Barb, everyone is trying to jump on the
"branding" thing. I received several e-mails from Jay
Abraham who is linking up with another warmed over hack trying
to promote a branding thing. Neither knows anything about it,
but they're jumping on the gravy train just the same.
Barb (gfxinc.com) (5/21/2001
9:23 AM): I was somewhat bemused since I'm not interested in
selling myself
Barb (gfxinc.com) (5/21/2001
9:24 AM): ... hmm, but the last 4 digits of my phone number spell
SEXY, so perhaps I should re-consider another vocation <G>
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:24 AM): It gets worse. I've had guys come to me
for branding advice -- clearly clueless -- who then turn around
and write books about branding. Go figure!
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:25 AM): Anyway, I digress. Who else can I help?
Mark? Dave?
Barb (gfxinc.com) (5/21/2001
9:25 AM): all kidding aside ... I also thought that would take
longer, since I have to be *actively involved* in everything,
as it relates to *my* personality
Del (5/21/2001 9:25 AM): Rob:
Last week you had mentioned picking up where we had left off...Getting
back to a customer too soon? (deal killers)
Dave[dlambert@iname.com] (5/21/2001
9:26 AM): Rob: I have never purchased ads before - Is a 1 year
contract standard / recommended ?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:28 AM): No Dave, nothing in advertising is really
standard except the ability to negotiate everything. A one year
contract can spell death if you find out that the medium isn't
producing.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:28 AM): Barb, in essence every brand is an extension
of the owner's personality. It works best that way.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:29 AM): Dave, sales reps also want to grab as much
as they can to fill their books as fast as possible. So you can
get better terms, like anything else: the more you buy, the better
the rate. But don't get sucked in by that.
Dave[dlambert@iname.com] (5/21/2001
9:30 AM): Ok, Rob - what do you recommend as a maximum contract
period ?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:30 AM): Dave, you're NOT out of bounds to ask you
rep for an arrangement that allows you to lower you rate if your
tests confirm success, letting you convert from a spot buy to
a year contract.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:32 AM): Dave, test first -- they're used to this.
And then if it works, hammer them for the best rate that also
makes sense for your business. And DON'T fall for that "we're
raising our rates next week" crap. Let them. You can negotiate
them down next week, too.
Dave[dlambert@iname.com] (5/21/2001
9:33 AM): Ok, Thanks Rob
Del (5/21/2001 9:33 AM): Rob:
Are you implying that a 1x test run ad (with a provision that
if it pulls, you'll commit to a 1 year 12x contract) should be
LESS then their normal 1x price?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:33 AM): Depending on the medium (monthly? weekly?
Daily?) you have to give an ad enough frequency to work. No fewer
than three times. More if it's smaller space.
Barb (gfxinc.com) (5/21/2001
9:33 AM): did someone allude to the fact that getting back to
a customer quickly is not a good thing?
Barb (gfxinc.com) (5/21/2001
9:34 AM): on a daily basis, I have people who thank me for getting
back to them at all <perplexed>
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:35 AM): Del, I've done that...but a 1x test is no
test....
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:36 AM): Yes, Barb, especially in the personal service
business, getting back to a client too fast can actually harm
your business. Those of you on FrankelTips will get an in-depth
discussion of this in an upcoming issue.
Barb (gfxinc.com) (5/21/2001
9:37 AM): that, I think I understand ... then if they become
a client, they'll expect expedited service on a regular basis
Barb (gfxinc.com) (5/21/2001
9:38 AM): which makes it difficult to fulfill
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:38 AM): Let me make this clear; it doesn't apply
to product businesses. But those of us in the professional service
business can get nipped pretty hard by responding too fast. Essentially,
it opens the door to cheapening your perceived value as you say,
barb -- you become a slave. Also, if you come up with the answer
too fast, they don't want to pay your fee?
Del (5/21/2001 9:39 AM): Barb:
Same here. But I have a flipside story....One client bought several
hundred dollars worth of goods. I emailed them twice within 5
minutes and they were WOWed. Flipside: Another client, 5 digit
sales number. Placed an order, responded with a completed product
in 1 hour. Order postponed by the client, now indefinitely.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:40 AM): I know an estate planning attorney in Texas
who charges $5K for an estate plan. He mostly does a "search
and replace" on a master document for every client. Make
a few tucks and nips, but that's about it. Takes maybe an hour
or two of the paralegal's time.
Barb (gfxinc.com) (5/21/2001
9:40 AM): I can certainly relate, I assure you
Dave[dlambert@iname.com] (5/21/2001
9:41 AM): Haha - Do I dare ask - "What is the optimal time
to delay a response to a customer ?"
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:41 AM): But he makes sure the clients' next appointment
is booked at least 4 to 6 weeks later. To make sure they don't
squawk about it. It's a perception thing. He couldn't charge
the $5K if he told them to pick it up after lunch today.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:42 AM): Responding too quickly can not only make
you look desperate, but also be annoying to clients who think
you're pestering them.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:43 AM): Proper response time depends on your business.
And the tasks for which you are contacted. I've literally been
in a client presentation -- and have figured out the branding
strategy before the meeting is over.
Barb (gfxinc.com) (5/21/2001
9:43 AM): so Del, now we know why we lose the big money sales
:)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:44 AM): Other times, I've racked my brain. But I
charge the same for both.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:44 AM): In today's FrankelTips, I wrote about self-sabotage.
This is just another method!! Ways we undercut ourselves.
Del (5/21/2001 9:45 AM): Mine's
templated architecture...I can see waiting 24 hours for larger
purchases, but small orders (several hundred dollars), I still
get the feeling a shopper wants to see results "same day".
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:46 AM): Funny, the best PR person I know is a follow-up
hound. You can't fart without getting a conference report about
it via e-mail five minutes later. She's efficient, but it has
cost her more than one client.
Del (5/21/2001 9:46 AM): I
mean, my company isn't an ad company that charges $$$ for creative,
mock-up, etc.
Del (5/21/2001 9:46 AM): All
of which take time.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:46 AM): Yeah, Del, you have to play them as they
roll. Some call for immediate, others should wait. The point
is you have to think it through. This is not a "one size
fits all" kind of thing, which is the major mistake.
Barb (gfxinc.com) (5/21/2001
9:47 AM): we're in a weird business, Del ... clients expect marketing/ad
concepts, design and delivery within 3-5 days, or they're gone
Del (5/21/2001 9:47 AM): Ok...So
next time I get a Wells Fargo kinda account. Don't rush. Got
it. SMACK, right in the head! :-)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:47 AM): That's telling you something about your
business, barb.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:48 AM): And the clients you have.
Dave[dlambert@iname.com] (5/21/2001
9:48 AM): So Rob, does that mean that an autoresponder is a dumb
idea - because you are not able to analyze your customer before
sending an autoresponse ?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:49 AM): In my own business, I know that the more
quickly they need me, the less likely it is to happen. It should
be the exact opposite, but it isn't. Of course, that's my particular
business. YMMV.
Barb (gfxinc.com) (5/21/2001
9:49 AM): big clients ... half of the entertainment industry
in LA ... ad agencies, I tell to do something with themselves
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:50 AM): Yessiree Dave, that's exactly what it means.
Autoresponders are like dynamite. Used properly they can move
mountains. Used wrong they can blow your business apart.
Del (5/21/2001 9:50 AM): But
your business, Rob, does not, and never will, imply a FAST RESPONSE
and COMPLETION. You've got lots to do before giving a company
a real solid take on Branding.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:50 AM): Personally, I have templates that we use
to respond to inquiries, but we use different templates for different
types. And we always customize them. Nothing goes out generic.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:51 AM): Del, that's not what the clients think!
Del (5/21/2001 9:51 AM): Us
GA companies just print files all day long (Like I said, mine
is template architecture. I just drop in the text they want.)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:51 AM): Yet I agree that a professional service
business and a product business are different animals. The techniques
are not that different, however.
Del (5/21/2001 9:52 AM): Rob:
Easy answer for them, "It took you how long to realize you
didn't know enough about your company, that your clients don't
know about your company and your prospects NEVER have heard about
your company and you want ME to give you a brand in 1 week?"
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:52 AM): Del, I'm talking about Customer response
templates, not actual product. (TEN MINUTE WARNING)
Del (5/21/2001 9:52 AM): Rob:
My mistake. Misread.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:52 AM): barb, you're not actually surprised that
L.A. entertainment companies are flakes, are you?
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:53 AM): Oh right, Del -- you think that's when they'll
hand me the big check? Newsflash: nobody wants to admit they
stink at what they do or that they've failed. They can't take
a speech like that. It takes much more, um, consideration.
Barb (gfxinc.com) (5/21/2001
9:54 AM): LOL, Rob ... but it sure is fun ... I guess they think
that because I'm way up here in the Great White North, I've never
heard of them :)
Del (5/21/2001 9:54 AM): PC
is not my specialty. I don't beat around the bush, I beat the
crap OUT of the bush. :-)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:54 AM): 95% of what I do begins with working around
the client's resistance to accepting help. The other 5% is getting
them to pay for it!
Barb (gfxinc.com) (5/21/2001
9:55 AM): interesting Rob ... that even with your reputation,
you're exactly the same as the rest of us
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:56 AM): But your businesses all have their own cultures
and procedures. I'm just cautioning you to consider every step.
Some can be instant, but others need time.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:57 AM): Barb, I'm just the same as everyone else.
And so all are of my -- and your -- clients. everything else
is just perception.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:57 AM): And branding, of course, guides that perception.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:58 AM): (TWO MINUTES)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:58 AM): Holy cow, that hour went fast.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 9:58 AM): Anyone else before we sign off?
Barb (gfxinc.com) (5/21/2001
9:58 AM): Thanks Rob and everyone ... this was a great chat!
Dave[dlambert@iname.com] (5/21/2001
9:59 AM): Bye all - Thanks Rob, Always a pleasure :-)
Del (5/21/2001 9:59 AM): Rob:
Price perception comment... increased my card prices, sales went
up. :-)
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 10:00 AM): Atta boy!
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 10:00 AM): And now's the time to do it, Del, on your
way and growing.
RobFrankel (Rob@RobFrankel.com)
(5/21/2001 10:00 AM): Okay, gotta run! See you all online!
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