The Secret to Selling Your Brand With One Sentence

You believe in the importance of your vision, but how do you get others to stop and listen to you? There will be many instances when you don’t have a lot of time to grab someone’s attention, be it a potential investor or a licensee. That’s why you need to be able to summarize the benefit of your business idea in a single, powerful sentence -- a sentence that is so direct and compelling, it stops whoever reads or hears it dead in their tracks. A good one-line benefit statement should make someone think: "I want to know more about that."

I’ve learned that if I craft just the right sentence, it’s all I need to get people to listen to my pitch, open my emails and answer my calls. I still remember the day the iPod launched and Steve Jobs called it “a thousand songs in your pocket.” Wow. That's captivating. He didn’t have to explain any further. We wanted it already! 

People don’t care about how something works.They want to know what it’s going to do for them.
Newspapers, tabloids, and these days, Twitter have been making use of the headline for years. How often do you find yourself on a webpage you never intended to visit, all because a headline was so tempting, you had to click on it? That should give you an idea of what I’m talking about. Creating excellent one-line benefit statements isn’t an easy skill, but it’s an important one, because it can be used to explain your idea in so many different kinds of situations in an attractive, successful way.

Sometimes, you only get one chance to make an impression. Cut through the clutter to make it count! Here three ways to create an awesome one-line benefit statement:
1. Make it emotional.
Why should people care about what you have to say? Grab them with something they can relate to. Benefits sell ideas, not facts. What is your idea going to do for the consumer or the world? Don’t be afraid to use emotion. People are motivated by their emotions more often than they are motivated by reason. Emotion also evokes visual imagery -- if people can begin to see your idea, that’s a good thing. Some emotional words include: "free", "incredible" and "unbelievable."

2. Keep it short.
Like -- really short. I’m talking no more than 10 to 12 words, ideally less. Remember, you don’t have much time. If your statement is too long, people may move on before they’ve even finished reading or hearing it. Don’t be intimidated by using fewer words. This is a really good exercise in general. Too often, I ask an inventor or entrepreneur to tell me about his or her idea and I’m overwhelmed with a five-minute speech. "What is he talking about again?" I find myself thinking. I’m not even sure. Brevity forces clarity.

3. Use numbers.
Numbers convey specificity. Look around you. Headlines with numbers dominate our world. One has only to look at Buzzfeed to understand the power of numbers.
Here are some examples of one-line benefit statements my students and I have used with great success in the past:
  • “The most versatile organization system available.”
  • “The store all, carry all, go anywhere elevated pet feeder.”
  • “This label will increase space on your packaging by 75 percent.”
Try out potential statements on everyone you know. Which one has the greatest impact? Ask for feedback. Then, start using this line all over the place. When someone asks: “So what is it you’re working on again?” you will have a great answer!

Source: Stephen Key

This Is the 23-Year-Old Entrepreneur Who Just Turned Down $3 Billion From Facebook


For many entrepreneurs, the dream is to launch a kickass startup, grow it into a powerhouse and then sell it off or go public. In other words, to walk away with a boatload of cash in your bank account.

So what happened when a 23-year-old business owner was offered $3 billion for his company? He said no.

That's right. Not interested.
That young entrepreneur is Evan Spiegel, the co-founder and chief executive of messaging service Snapchat. The mega-offer he is said to have turned down came from Facebook.
We're not talking about cheeseburgers here. Three billion -- in cash. Who the heck turns down $3 billion?
Maybe Spiegel wasn't stoked about working for Mark Zuckerberg. Fair enough. Other reports indicate that Spiegel might be holding out for a better offer.

More than $3 billion? For Snapchat? If he's holding out, Spiegel is either crazy or crazy like a fox.
A press representative at Snapchat could not be immediately reached for comment. But we found this fairly detailed profile of Spiegel published last month by L.A. Weekly. Below are some of the more interesting details about the young man who just turned down billions of dollars for his startup (which, by the way, isn't generating any revenue but has raised $73 million from investors):

  • Spiegel was born in 1990, the oldest child of two attorneys. He was raised in a $2 million house in the Pacific Palisades neighborhood of Los Angeles.
  • Growing up, Spiegel and his two younger sisters attended a private prep school in Santa Monica, Calif., where they were "assisted by tutors, some of whom charged up to $250 an hour."
  • Spiegel was into all things geek but wasn't necessarily a geek himself. According to the report: "Yes, he was into computers as a kid, but he was just as proficient at snowboarding."
  • In April 2007, Spiegel's parents divorced.
  • By the time Spiegel hit high school he'd become an "expert party thrower," and then was made social chair of his fraternity at Stanford.
  • At Stanford, his connections landed him opportunities to meet major players in tech, including Google chief executive Eric Schmidt and Chad Hurley, co-founder of YouTube. His mentor was Scott Cook, the cheif executive of Intuit.
  • The idea for the Snapchat was born from a conversation about sexting among his fraternity brothers.
  • Spiegel dropped out a few credits shy of graduation to work on Snapchat full-time.
  • Snapchat is headquartered in a bungalow on the Venice boardwalk.
  • Without much media attention in the early days, Snapchat relied on word-of-mouth among teenagers. In February 2012, the app had 40,000 users and was processing 60 million messages a day. (Snapchat says it now processes more than 350 million messages a day.)
  • At that point, Spiegel and his other co-founder were "maxing out their credit cards" to pay for servers, etc.
  • A former frat brother of Spiegel's, Frank "Reggie" Brown IV, is suing Snapchat claiming he was an ousted co-founder who actually came up with the idea for an app that can send self-deleting photo messages.
  • Spiegel, according to L.A. Weekly, has the "Silicon Valley habit of mentioning that he is leading a revolution." Despite how "revolutionary" Snapchat may or may not be, perhaps this explains why he might be holding out for more moolah.


Source : Jason Fell

Seven Ways to Energize Sales

In this highly competitive marketplace, it's vital to keep your marketing campaigns fresh, new and on target. This fall, kick your marketing into high gear with this seven-point checklist.

1. Reestablish Listening Posts
Smart marketing relies entirely on understanding your customer. You need to know not only who they are and what they buy, but why they buy -- and why they choose to buy from you. Redouble your efforts at dialogue through social media, message boards and blogs. And get direct feedback from customers or clients, or via your front-line salespeople.

2. Announce Special Promotions
Use special incentives to draw customers to short-term promotions. This fall (much like the last), cost-conscious consumers are looking for good prices and great value, and promotions are a winner with most all economic groups. Coupons are increasingly vital, and there is a major rise in the desirability of online coupons.

3. Polish Lead Management
Over the summer, lead tracking and follow up may have become a bit haphazard. Be certain everyone who takes inbound calls asks every new lead where they heard about your company. Make the leads generated by your online, print and broadcast advertising trackable. And where possible follow up all leads within 24 hours. Today's sales are built on trusting relationships that grow from excellent customer service.

4. Focus On Fresh Ideas
Don't rely exclusively on a small team or just your marketing staff to produce fresh ideas. Make innovation everyone's responsibility this fall with brainstorming sessions, company retreats or by giving special recognition to individuals with the smartest suggestions. If your business has few employees, assemble a seasoned advisory board or form an online advisory group made up of members of your target audience to give input in exchange for sales perks.

5. Renew Retention Campaigns
Do you have regular e-mail or direct mail promotions that go out to your entire customer base? This fall, use e-mail to crank up your retention campaign by putting it on a consistent weekly or biweekly schedule. Soon you'll have discovered which incentives and messages work best to retain and upsell current customers and convert prospects, and yield the highest return on investment.

6. Enhance Your Giving
In this era of rising social responsibility, customers and prospects want to know you're a good corporate citizen, and this is a great time to align with a nonprofit. Businesses that rely on local customers benefit from helping community-based causes. You can provide pro bono services or undertake a promotional campaign to raise charitable funds. Just be sure to promote the undertaking via your website and the press. You'll provide help where it's needed most and earn appreciation from customers that leads to sales.

7. Freshen Your Content
When was the last time you updated the content of your website and your family of sales and marketing tools? Since your website is generally the first place prospects go to learn more about your business, it's crucial the site's appearance and themes are current. Imagine someone following a logical path from your website through each step in your sales process, and make sure all materials and messages they encounter flow seamlessly from one to the next. With more shoppers than ever browsing the Web this fall, it's a great way to jumpstart sales.


Source : Kim T. Gordon

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