14/07/2020
A marketer’s ‘coronavirus’ checklist: am I adding value?
(The Witness Newspaper, 10 July 2020)
Rajen Reddy’s career spans over 32 years. As an entrepreneur from humble beginnings, he has set the benchmark for the petroleum and oil industry and cemented himself as a pioneer in business. He shared his definition of success with me recently:
“Success is about adding value, once you’ve added value, then you have a transaction.”
You've read a million times about what it takes to be a successful entrepreneur: Intelligence, vision, drive, perseverance, a strong work ethic, etc. Instead of analysing their behaviour, I believe you should look at how entrepreneurs think. The same is true for your clients or customers.
Last year one of my clients told me I don’t add value to their business.
This was my coronavirus moment.
A part of me died. I gave my everything. The best of my skill set. Creativity. Me. But there was no transaction.
My journey to the new normal …
Lockdown level 5: Social distancing:
Purpose: The reason for which something is done or created or for which something exists.
I had lost my purpose. A period of social distancing had to be observed and then a process of contact tracing started. What was taken from me? And then trace what I believe is important, what do I identify with and what am I passionate about?
The big question during Level 5 was how my purpose translated into value for my clients? In the face of a global crisis, it’s important for small business owners to be innovative to stay afloat. South Africa is experiencing tough economic times. To survive it is critical to change the way we do things. You must join the new economy and let go of old ways of thinking. Are you adding value to your client’s business? Are you relevant?
I strongly urge you to start a conversation with your clients. You need to redefine what you do for them according to their definition of value to ensure you continue having a transaction. What is important to them? What do they define as value?
Lockdown level 4: Essential services and masks
Adding value to a product or service helps companies attract more customers, which increases revenue. The value-added is the difference between a product or services’ price and the cost of producing it. Value can be added in different ways. Are you an essential service?
In How to Fail at Almost Anything and Still Win Big, Scott Adams, introduces the concept of skill stacking. It’s hard to be the best in the world at one skill. If you learn how to combine skills in a unique way, you create a rare skill set. The rarer your skill set, the more ‘career capital’ you have and the harder you are to replace.
Create your ‘talent stack’ to stand out. First, play games you can win. Focus on strengthening your natural talents and capabilities as a foundation, then build additional skills. By doing this you multiply the effect of your effort.
And remember to wear a facemask to protect yourself. Focus, don’t get side-tracked.
Lockdown level 3: Wash your hands
Washing your hands can symbolise saying or showing that you do not want to be involved with someone or something anymore and that you are no longer responsible. Not during Level 3. I love the WHO’s guidelines on washing your hands. They say you should wash your hands long enough to sing “Happy birthday”. When communicating with your clients, make sure you wash your hands long enough to sing line 3 “dear client, we have added the value you wanted. We have achieved results”.
As we create new habits like sanitising our hands, so should be celebrating adding value.
Alta
Marketing results.
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News24.com