Dave’s Top Ten Learned Lessons for 2010

Hey everyone! It has been almost two weeks since I have actually posted something on the site and it was done intentionally. I wanted to take the remainder of the year to reflect and plan for the exciting year ahead. 2010 has been a year of growth for me, I have learned many new life lessons this past year and today I want to share them with you. So, without further ado, “Dave’s Top Ten Learned Lessons for 2010!”

In no particular order:

1.) Change will occur – Whether you want to change or not, it is inevitable that change will happen. It might be a slow gradual change or it might be fast and sudden. Embrace it and realize that nothing lasts forever. Sometimes change can be for the best. For me, being thrown into starting my own business was the best thing that ever happened to me.

2.) Save for a rainy day – My wife’s parents and my parents always told us both to make sure you save for a rainy day. They preached how you never know when some unforeseen circumstance might occur that you may need to tap into some savings to keep things running smooth. Well, thank you so much much mom and dad for instilling that trait into me. Having that safety blanket has given us the ability to not worry about finances if something unforeseen happens.

3.) Have your fiscal house in order – This is different than saving for a rainy day in the sense that if you are leveraged to the hill with expensive cars, houses, fun toys, etc… the saving that you put away will be blown through in no time at all. If you have debt know the difference between good and bad debt. Having a credit card with 29% interest is not good. Having depreciating assets that do not generate you cash flow are not good. Increase your financial IQ and learn how to make your money work for you.

4.) Have a back up plan – As I mentioned earlier change will occur and one day you might wake up and find yourself asking “What next?” Make sure you have a back up plan in place. Always, keep networking and making sure that you are building your “well” before you need it!

5.) Faith – This past year I have grown tremendously in my spirituality and faith in God. Having that belief allowed me to get through some of the tough times I encountered this past year. All I can say is “Believe!”

6.) Family and Friends are everything – I have some of the greatest family and friends in the world. When times were tough for me my friends were there to give me support and reassurance. My wife, whom is my best friend, has been such a huge supporter and as I say, “A Rock” for me as I venture into my own business. I am very thankful also for my mother who has always instilled in me that “I am a winner and winners never quit!” I want to thank all my friends and family for your support! Also, one more thing and that is something I learned a few years back from listening to Jim Rohn speak and that is do not be lazy when it comes to managing your relationships with friends and family because they are your life support when times get tough!

7.) Cherish the moments – I was listening to the radio and a new George Strait song came on the radio that talked about life is not the breathe you take but the moments that take away your breathe. Wow, that hit home with me and made me realize all the amazing moments in my life I have experienced and the future moments that I know are ahead of me!

8.) Life is a journey – I read somewhere when you are in a rut you need to start a gratitude journal. The goal is to write down all the great things you have accomplished in your life and then everyday start writing down all the things you are grateful for that day. Doing this exercise made me realize that there will be times when things seem tough and not going your way but when you look at the big picture you experience and do some amazing things! As the great Jim Rohn says, ” You are either in a crisis, coming out of a crisis, or in a period of great things happening!” Life is a cycle and enjoy the journey!

9.) Money isn’t everything – I know this is a shocking statement coming from me but the biggest lesson I have learned this past year is that the focus of life should not solely be on making money. Don’t get me wrong money can create many opportunities and make life easy, however, it should not be how you judge success. If you hate what you are doing then all the money in the world isn’t going to change that. Focus in on doing what you love and judge your success on the contribution you make to society.

10.) Never quit – It is so easy to quit when things get tough. Far too often we give in too soon. We are an instant gratification society and when we don’t things quickly we give in. If you ask any successful person who created something big they will tell you that they had to overcome leaps and bounds to succeed and as I venture into my new business venture I have made it my modus operandi to “Never Quit!”

I hope that you are able to relate to some of my lessons and maybe even take one thing away from them to implement into your life and career this upcoming year! I truly believe that this is going to be a great year! I look forward to sharing with you more of the exciting things I have in store for 2011.

Social Media Marketing Tips

How can you accomplish your online branding goals as efficiently as possible?

Social Media Marketing (SMM) has become a popular alternative for online business branding. Companies don’t think of social sites (i.e. Twitter, Facebook, Myspace, Linkedin) as “websites for kids”. They are valuable Internet marketing and networking resources for business. On the other hand, there are 4 major issues involved with diving into SMM without the proper knowledge and strategies. These can “make” or “break” your success in social media marketing:

GETTING STARTED IN SOCIAL MEDIA MARKETING

Make wise choices from the beginning and move forward with a “plan of action”!

Prior to getting started in social media marketing, you need to nip the urge to join every single social site on Google. It does not hurt to have a presence everywhere on the Internet, though there is no advantage in wasting time setting up a social account that is not used. The site owner may delete it – OR – it will get outdated and look unprofessional. Plus, there is no way that you can “work” them all unless you have a team to help you. You will still want to be discerning and make a “plan of action”. You need this to properly brand your business through social media marketing. You also need this “plan of action” in order to “position” your company correctly from the beginning. This concept holds true in Internet marketing in general.

PROPER SET UP

Meet your social market where they work and play on the Internet!

You need to learn how to “set up” and “position” your company with the “best” social networks and websites. Some initial positioning details to consider: (a) determining which are the “best social sites” for your niche and interests, (d) choosing the right user name for your individual profile links, (c) choosing the most attractive profile information and media to share, (d) developing a knack for filtering activity according to what is appropriate at a particular social site, (e) establishing a time schedule that permits working as many networks as possible, (f) choosing the best initial connections … and so on.

Keep in mind that “Account Settings”, network protocol, niche and viral marketing all go hand in hand throughout time.

Additionally, some social sites have a more playful environment than others; even those with a professional focus. You need to select websites that not only fit your company’s focus, but also the personal interests of the individual(s) that will “work” the social media marketing process for you. Note: Don’t let the “playful” networks defer you. One of the goals of social media marketing is to reach your target markets where they work and “play” on the Internet.

IMPLEMENTATION: WHAT TO DO & WHAT NOT TO DO

Don’t just “wing it”; move prepared to market effectively for your business.

Your activity should include a predefined social media optimization (SMO) strategy. This SMO is a combination of search engine optimization (SEO) and social media marketing (SMM). It expedites the professional results that you require for your business. It is easy to assume that SMM is simply setting up social networks and marketing. Although this is part of the process, social networking is not all that is involved in social media marketing. It is suggested that you have a website and a blog. You need to search engine optimize any personal resources prior to SMM. You need a second set of keywords that do not conflict with your personal virtual properties, though compliment your efforts.
Content is key to this offsite marketing process, therefore blogs, articles, comments, discussions, images, videos, link … everything SMM needs to correspond with the SEO.

There is a fine line to what is considered advertising and marketing; spam or valid content. Some social sites are flexible and others are not. You need to move into a virtual realm with a professional plan of action and work the network according to the infrastructure provided, though with intent to produce rapid conversions.

TESTING, TRACKING & REFINING

You will need to test, tread, track and refine before you can run with a strategy.

As with an offline business plan, your online branding strategy will need “tweaked” and updated for the following reasons:

(a) The Internet is constantly changing, you will need to update accordingly.

(b) Search engine rankings, blog / website traffic and subscribers mean absolutely nothing if you are not able to convert this activity into sales.

You cannot move forward if your plan of action is not working for you.

PRIORITIZING TASKS: MONEY & TIME MANAGEMENT

As the old saying goes, “time is money” …

If you get one major point from this article, prioritizing “time” and “money” is what you should remember. Internet marketing is not easy for most; especially when you are merging into unfamiliar arenas. Time and money are the “double edge sword”. Handling your own online branding is only time and cost effective if it is making you money. The reality is that you will not drive conversions nor make money at first because it takes time to learn Internet Marketing. This is time that busy professionals do not have, therefore you either have to put in the extra hours or hire an expert to do the work for you. If you choose to do your own search engine optimization and social media marketing, then you need to prioritize whether the bulk of your activity is on the Learning, Researching or the Implementation (Content, SEO, SMM) at any given time. The advantage is that you can adjust this as needed.
Regardless, a proper online branding strategy will include both the technical and social, therefore they are all one in the same, time consuming, process.

Online business branding and social networking appear to be easy, on the surface, though not a simple process. There are defined strategies that should include both search engine optimization (SEO) and social media marketing (SMM) in order to create a process called social media optimization (SMO). This SMO is actually the online marketing that you want to do for your business. When done correctly, the SMO will produce immediate responses that are easy to track, increase sales and creates a popularity that contributes to fast branding success. You can change the sales / marketing conversions for your business within a few days or gradually “divide and conquer” your competitive online business arena. In other words, your business can market as aggressively or conservatively as needed. This is based on how your company is equipped to handle growth.

In this generation of Social Media Marketing and Search Engine Optimization, it is to your benefit to learn how to properly brand your business online or find someone that knows how to do this for you.

Article Source: http://www.articlesbase.com/social-marketing-articles/social-media-marketing-tips-3046506.html

About the Author

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About the Author:

Lea Charlton has been a leader in the Organic SEO arena since 2004. She specializes in Social SEO Marketing and Consultative Training Services for busy professionals needing fast branding success and social strategy solutions.

What has been holding you back?

Hello everyone!

Welcome to another edition of “Open Blog Friday.”

Today I want to briefly talk to you about barriers. This post probably is more for me than anyone else but I know there are many of you who struggle with some of the same things I do. I guess what I am trying to get at today is, what are the thoughts that you have in your mind that are holding you back? Do you believe that anything is possible with hard work and determination or do you believe that you could never achieve that because of reasons such as, I do not have enough money, enough time, enough resources, etc… I know first hand how these thoughts can creep into your head and how destructive they can be, but if you want to be successful you need to develop mental toughness. Many of us work on being physical tough but we do not focus on challenging our brains to be mentally tough.

Here are some ways to train your brain to be mentally tough:

Set a goal to do something that is totally opposite of what you are currently doing. An example might be to learn how to set up a fully functional blog. For those of us in the fitness area we typically focusing in on learning about Anatomy and Physiology, so getting into the tech world will challenge your brain to learn something new.

Volunteer to speak. People rate public speaking as the second most fear to dying. Get up and speak in front of crowd and you will see that you develop courage and mental toughness.

Become a “What’s Next Kinda Thinker.” When something goes wrong try thinking about what can you do now or think okay what is next for me. Always, be looking forward and leave the past behind.

Finally, get around the right people. If you constantly are surrounded by people who do not believe anything is possible and are always negative than you will not grow and will more than likely get sucked into their negative state of mind. Get around people that cause you to think and grow.

If you are having troubles moving forward take some time and think about what is it that is causing you to not move ahead. Embrace it and then you some of the above strategies to become mentally tough!

In health,

Coach Dave

Do you have a plan for 2011

I have a simple question for you today and that is. “Do you have a plan for 2011?” I am referring to a specific, detailed, goal approach to having a better year personally and professionally in 2011. I know what you are saying, “I have my goals for next year up here in my head.” Sorry, that does not work. If you really want to have a great year in 2011 you need to take some time over the next couple of days and reflect on what you accomplished this past year and what you want to accomplish next year.

Every year I use a technique that I learned from the great Jim Rohn. What I do is, I take all my journals and goals that I have written down and review them. I ask myself the following questions:

Why do I write that down as a goal?
Did I accomplish it? If not, why not?
What areas of my personal life do I want to work on?
What areas of my business career do I want to grow?
What are my income goals for the next year? 3 years? 5 years?
How do I become more?
What people do I need to meet and network with to achieve my goals?

Those are my top 7 questions that I ask myself before I begin to set up my plan for the next year. And yes, I write it down!

So, take the next couple of days before the holidays and reflect on what this past year has been like and set up your 2011 plan.

I will be sharing with you my 2011 predictions and my plan real soon, so come back to see the big things I have planned.

P.S. If you need some coaching on this I am available to help. We all need someone to help us from time to time and now is a great time to get some. Click here to join my coaching program.

Smart Sales: How to Cope with Sales Rejection

Any sales person, business or organization that is involved with any form of sales, whether they are services or products, must understand and learn how to cope with sales rejection. An inability to cope with sales rejection results in defeatism, failure and loss. Developing an ability to cope in the face of sales rejection, results in hardiness, persistence, success and profit. Thus, it is important to understand how to cope with sales rejection. In order to cope with sales rejection, it is needful for sales persons to understand the psychological principles of self-concept, social acceptance, and sales rejection.

 

Self-Concept, Social Acceptance, and Sales Rejection

The opposite of rejection is acceptance. The need for social acceptance is an innate human drive which Vohs (2008) compared to an analogy of a hungry man. When food is denied to a person, the desire and search for food is intensified. In the same manner, the drive for social acceptance when is lacking, limited or rejected will intensified the need for it. This explains the psychologies of moderately positive and confident persons who are constantly hungry for more social acceptance. Any service or product that can fulfill or satisfy this hunger for social acceptance has a huge market of innately acceptable clients. Besides these, what else do we know about social acceptance? Reese (1961) research found that:

Acceptance was related to the psychological principle of self-concept. Self-concept is what we think about ourselves or the kind of image we have of ourselves. Considering oneself to be an aristocrat with a taste for anything opulent is an example. One of the motivations of such a person would be to own and utilize branded stuff which to the individual represents his / her aristocratic opulent image. That is why certain products that are made in some backyard sweatshop in a third world country but branded with a first world label can be sold for atrociously high prices to brand-conscious consumers globally.

Those with a moderate self-concept had the highest need for social acceptance, while those with a low self-concept had the lowest need for social acceptance. It would be foolish to try to sell a Rolex to vagabond who is worrying about his next meal. It will be equally foolish to try to sell a wooden boat to a billionaire. And yet as I observe some media advertisements in certain countries, this is exactly how they advertise. It only goes to show that many traditional HR departments of many companies are still using worn-out and out-dated criterias to recruit out-dated marketing professionals who produce out-dated advertisements. The service or product must match the status of the client. Thus, social acceptance in this context refers to an acceptance by peers or superiors, whether they are persons, norms, cultural practices or even individual perceptions. Have you ever wondered why certain staffs are required by certain establishments to wear a complete suite and tie and stand in a blistering hot weather with no air-conditioning to welcome clients? It is because in the organizational culture and belief that dressing represents the organizational image of professionalism. And this culture and belief is accepted by their equally image-conscious clientele. Logic, commonsense or the wellbeing of staffs is sometimes over-ridden by the need for clientele social acceptance. In the case of businesses, such behavior is basically motivated by the need for approval by their clientele that affects the organizational profit.

The need for social acceptance was not significantly different in ether gender or status. Social acceptance that affects self-image, pride, and ego has no borders even in relation to gender or status. Is it possible for an ordinary wage earner who lives from hand-to-mouth to be status conscious? Well, the answer can be seen in everyday life. Just observe the number of fake or counterfeit items that are sold to and purchased by the average wage earner who is image-conscious but can’t afford the real branded stuffs. It doesn’t matter to their self-image even if they are aware that people around them know that they using counterfeit brands. Social acceptance is so powerful that if one can’t afford the real stuff that represents a perceived self-concept even an illusion of it will do.

Acceptance by strangers was considered more important than acceptance by close friends. Have you wondered why a person would pay, listen and accept an advice given by a “professional” while rejecting the same advice given freely by his / her friend or family member? This demonstrates the need for an approval by a stranger rather someone known. We shall see reasons for it later. Let me now extract and emphasis further the four key concepts from the findings of Reese (1961).

What do these findings mean for the business world? It is imperative for the business community and business persons to understand that sales and profit is directly related to people’s perception of their self-concept, social acceptance and sales rejection. A service or product that can create, enhance or magnify the perception of an individual’s self-concept would generate an innate acceptance of it across gender and status. It simply means that any service or product must be designed, tailored and packaged differently to fit the self-concept of different categories of persons. When a person can identify his / her self-concept with a service or product, it automatically and innately generates a tendency of acceptance. If any service or product does not establish this connection to the buyer’s self-concept, that service or product would be innately rejected even before the sales presentation is complete. This is the first key concept in understanding people’s self-concept, social acceptance, and sales rejection.

Business community and business persons must understand that not all persons have an identical self-concept. Those persons with moderate self-concept have the highest need for social acceptance. In terms of sales, these are the type or category of persons that are the ripest sales fruits for harvest, because they have the highest need for social acceptance. When we talk about a moderate self-concept, it includes any average persons who are socially conscious of themselves in terms of image or status. This includes young and newly graduated working adults who due to their newly acquired economic purchasing power become more status conscious. The rich, super-rich, the stars and the celebrities spend lavishly on anything that they perceive as enhancing or magnifying their self-concept in terms of importance, comfort, significance or greatness. The rich and famous are not just interested in money. They also desire universal recognition and power as form of social acceptance. So they way you design and package a service or product for the average image-conscious person and for the rich or super-rich has to be very different. You have to create and built-in a perception of challenge, exclusivity, comfort, universal recognition and power in your services and products to sell to the rich and super-rich. And by the way, most of what you project to the rich and super-rich must be largely real or you will find yourself being sued. This is the second key concept in understanding people’s self-concept, social acceptance, and sales rejection.

I disagree that selling to strangers are more difficult in comparison to selling to friends. Research indicates that people prefer the social acceptance of strangers more than their friends. The reason is very simple. Most people are routinely exposed to the social acceptance of their friends and family members. This creates a psychological satiation in terms of social acceptance. It is like trying to feed a person who just had an eight course meal. Thus, people prefer the social acceptance of strangers as something new, more attractive and desirable. This explains why people prefer imported products over their local ones which can be equally good. It also explains the use of foreign sounding labels and names for products, services and business establishments even in a country where the majority of the population don’t understand basic English and more so a foreign language. Local consumer cultures in many instances believe in the myth that anything perceived as foreign is equated with quality, status and reliability. In these days of out-sourcing, the use of the term myth in relation to certain consumer products is justified. However, from a business point of view, this myth must be capitalized by venturing into new markets globally which are not yet psychologically satiated with certain services or products. Remember that people are in search of social acceptance more from strangers than friends or families. So, be that new person, business, organization, foreign label or foreign establishment to give them the social acceptance through your services and products that have a local twist. If you want to know how to give a local twist psychologically, wait for my next article. This is the third key concept in understanding people’s self-concept, social acceptance, and sales rejection.

Before we look at sales rejection and coping, it is imperative to understand that the psychology of social acceptance is similar across gender and status. In other words, the three preceding concepts are largely applicable to all gender and status. This is the fourth key concept in understanding people’s self-concept, social acceptance, and sales rejection.

 

Sales Rejections and Coping

If the sales of a service or product have been rejected by a client(s), there will be definite reasons for it. The rejection of a service or product by a client does not constitute a defeat or failure of a sales person or business. It only indicates that the client(s) does not identify with or see a need for the service or product. Sales persons or businesses are defeated because they consider themselves defeated or having failed. It is their admission and weakness. The clients’ rejection has nothing to do with any feelings or reality of defeat or failure. So how does a sales person or business cope with sales rejections? The following is a guide to coping with sales rejection.

  1. Identify the reason(s) why the client rejected the service or product? You can directly try to elicit the reason(s) from the clients themselves. If not possible, than a definite sales post-mortem has to be conducted either individually or as a group to appraise the possible reasons for rejections. One can start by previewing whether the above four key concepts have been considered or practiced. The next thing to do is to consider one’s reaction to sales rejection.

  2. Royce (2002) talked about two different kinds of reactions to sales rejection. He called the first as “rejection affection, (RAs).” The RAs kind of reaction results in the sales persons and business re-examining and redoubling their efforts to succeed. Sales persons and businesses that practice rejection affection reactions will move on and eventually succeed. The second reaction was termed as “rejection defections (RDs).” The RDs kind of reactions causes sales persons and businesses to be injured psychologically and physically to such an extent that, they tend to avoid facing situations of rejection, give-up (reason for high rate of turnover), lose productivity and eventually fail. I reiterate that sales rejection does not cause defeat or failure. It is the kind of reactions that one decides to exercise in the face of sales rejection that determines failure or success. So, how does one inculcate a RAs type of reactions to sales rejection?

  3. The research done by Lefcourt (1966), Rotter (1966) and Feather (1968) have given us the following lessons on how to inculcate RAs type of reactions to sales rejection. It is in the awareness and practice of the internal locus of control. Locus of control refers to how we determine any event as being under our control (internal) or out-of-our control (external). If we routinely consider the sales process as still being under our control (internal), we will be practicing the RAs type of reactions in the face of sales rejection. Why? The reasons are simple. If one still perceives of having control over himself and his business even in seeming defeat, it innately creates a hope to find alternative solutions to overcome sales problems. If we routinely consider the sales process as not being under our control (external), we will be practicing the RDs type of reactions. Why? It is because once a person perceives he has lost control of himself or his business, it innately creates a tendency to give-in to hopelessness and defeat. Those who practice an internal locus of control will have a higher self-esteem (confidence) and would maintain a vibrant fighting spirit even in the face of sales rejection than those who practice an external locus of control. As such, those who practice the RAs type of reactions with an internal locus of control will not give-in to defeat or failure easily.

In concluding this article, I would like to encourage businesses and organizations to develop regular in-house seminars that would assist their sales force and staff to develop the four key concepts plus the RAs reactions together with the deliberate development of the internal locus of control. If you want to know how to go about it, wait for the next article. Businesses and sales persons must always understand the basics of human psychology when dealing with their clients. Any sales methods, strategies or techniques that do not include built-in psychological principles of human nature, will not have an optimum success or profit. Understanding the psychology of sales and clients is the route to a successful sales process. So the next time you face a sales rejection, don’t be an idiot who blames the client or external situations. Instead, become a student of human and sales psychology. That would be a wiser reaction that might still make you into a dynamic sales person. The same goes for business organizations.

Article Source: http://www.articlesbase.com/sales-articles/smart-sales-how-to-cope-with-sales-rejection-2963327.html

About the Author

Thesigan Nadarajan

Counseling Psychologist

Th.Dip. (MTBI); Th. B. (MBTS); MSCP (AU)

Winner of Rectors Award, (AU 2010)