There is No Competition When You Innovate

Businesses have traditionally dedicated a great deal of effort to staying ahead of the competition. This tends to limit their focus on the variables that are easily matched, such as pricing and features.

Business then becomes a measured battle that often leads to a downward spiral, one in which not even the customer wins. While consumers may get a lower price, they have to deal with companies that are delivering the bare minimum for that price in an effort to remain profitable.

In these days of Groupon deals and the like, people are still more likely to share their excitement or joy of having worked with a company that truly set new standards.

That’s what every business should aspire to be – the one that changes the game.

When you change the game you own it – there is no competition.  Eventually others will copy or somehow catch up to you, but by then you have already moved on to a better place.

It makes no sense in our rapidly changing business environment to match the competition when you can instead lead and innovate.

Here’s how.

Innovate: Think Bolder, Simpler, and More Fun

What do people most want in a hyper-connected world, one in which many are overworked, stressed-out, underpaid, and infrequently appreciated? They want to simplify – to live a life where everything just plain works.

I’m writing a book and my measure of success is that it works to easily and simply get the job done, thereby making the process fun. I’m talking about using social media to make your business more attractive, customer friendly, and profitable.

Getting results from your social media business channels requires work. That’s a given. However, the right process makes the work worthwhile because closing more profitable deals is fun.

That’s what my clients want. How about yours?

Innovate: Find New Methods, Practices, or Systems

One of the best ways I know to move a business forward is to build a network of friends and actively share best practices. What are they doing that is working, especially if they have succeeded in another field or non-competing sector of your industry?

The true competitor for most businesses is themselves, and it is the result of small thinking that comes from fear and entitlement.

Does any of this sound familiar?

  • That isn’t fair.
  • They copied us.
  • Our quality is better.
  • We were here first.
  • Why isn’t this working?

Leading companies are much like successful salespeople. They notice obstacles and failures just enough to learn from them – and then move on to using them to innovate.

Yesterday was my birthday. Thank you. While finishing a long bike ride I had an epiphany. I realized I am mentally just as young as anyone in my field. At the same time, I have also chronologically acquired more practical and relevant experience than most. That combination is exciting!

So, I’m thinking, who better than me to come up with a new method or approach that is the ideal solution for mainstream businesses that are ready to embrace digital marketing?

How about you?

Innovate: Always be Connecting the Dots

Having just returned from a convention where there is always more good information and opportunities than anyone can handle, the common refrain this: implement, execute, and deliver. In other words, show up, make something happen, and get the job done.

We all have an abundance of what we need right at our fingertips, especially in regards to our burgeoning social networks. Some take action with those connections while others wait until everything is just right, but that day never arrives, does it?

Connecting the dots to me means first noticing, and then taking action on things that are curiously connected.

Here’s an example. Earlier this summer I was approached in a parking garage by someone who was down on his luck. He seemed sincere enough, so I cut his story to the quick and asked how much he needed – which was $13. “Yes, I can help you out,” I said, giving him $15.

The next day I went to the same garage and drove to the gate to pay the $15 parking fee. There was no attendant and the gate was up. That was a nice start to my day.

The pessimist will call it a coincidence. The optimist will look for the meaning, which may be that sometimes when you give with no expectation of return you get something back when you least expect it. I didn’t even make the connection until this past week when I was back in that same city using the same garage. Dots connected.

Like me, you probably have hundreds of friends, colleagues, or at least social media connections that could occasionally benefit from a small favor. Actively seek out those opportunities and you may just discover more doors opening for you. It’s as simple as saying yes.

Saying yes opens your mind to new possibilities.

Try saying yes more often, to others, and especially to yourself.

It’s a form of innovation that works to open up new ideas, methods, and opportunities – and that makes growing your business a lot more fun.

 What does innovation mean to you? 

Leave a comment below – and please feel free to use these ideas as you wish. 

Until next time,  Jeff

Photo Credit: Free Digital Photos 

3 Essential Social Media Community Leadership Practices

In an effort to to catch-up on their social media community building, businesses are overlooking the three common leadership practices that practically guarantee their success.

Fortunately, the remedies are simple and straightforward.

Following are three community building practices that apply to all of the social media networks – including your Facebook business page, company blog, or any of the location pages, such as Google Places.

#1 – Qualified Community Managers

Social media amplifies your characteristics, capabilities, and expertise. Thus, to build a vibrant community you need to demonstrate your capabilities in no uncertain terms, and that starts with being honest.

Unless you are a celebrity, community, or industry leader, it is far better to set your sights on building a smaller community that you can capably manage.

Using social media to make wild claims is sure to lead to disappointment – for you and the community members you are seeking to align with your business or expertise.

Know your strengths and weaknesses. What is working for you in your everyday business activities is what you should use as your calling card.

This will not be exciting to those that are not your ideal audience. I understand that, and so do those who derive value from my passion for digital media that is grounded in my nearly three decades of mainstream small business marketing experience.

It’s really quite simple – know your audience and give them what they want – and need.

#2 – Consistent Fulfillment of Expectations

This past week I immersed myself in a week of writing a book that is designed to tackle the challenges small businesses face with their social media networking and marketing efforts. As a result, I created a space of nearly a week of “dead air” here on JeffKorhan.com, something that has not happened in nearly three years.

When you feel the pain of letting your community down, you know you are dedicated to delivering valuable content that serves the needs of those who have honored you with their attention.

You and I both know this is not the norm. There are many blogs and Facebook pages that have been devoid of activity for days, weeks, months, and more.

While I could fill these pages up with conversation, I know what you came here for are original perspectives, practical tutorials, and occasional interviews with notable experts. That’s my focus here.

However, on my Facebook business page you will also find links to useful content from other experts. For example, Mari Smith’s treatment of Facebook Timeline for business was so thorough that I had nothing else to add.

As a result, the right thing to do was to simply direct my Facebook community members to that content.

#3 – Adherence to Community Guidelines

One of the most valuable community building practices is creating expectations – and then adhering to them. This includes everything from the type of information that is shared, to commenting guidelines.

Nothing is more frustrating than joining a community that doesn’t meet your business needs. It is the reason that I have opted out of countless LinkedIn groups that are filled with too much chatter and self-promotion.

As the manager of your communities, you have the responsibility to manage the discussion.

You have to be diligent about deleting spammy comments and guiding discussions that occasionally wander off topic. This again honors the time and attention of those community members that are ideally aligned with your expertise or business.

Thank you for taking your time to consume this article in its entirety.

I will continue to endeavor to earn your trust – and that of your friends and colleagues that you recommend to this community.

In that spirit, please leave a comment below to share how we can collectively make this community more productive for everyone that happens to find their way here.

Leave a comment below and share this with your community using any of the share buttons below – or on the little red bar at the bottom of this page.

Until next time, Jeff