Category: Business

Video Marketing Lessons Small Businesses Can Learn From Big Brands

Kelli Richards May 7, 2015

Video marketing is one of the best tools that businesses have at their disposal today. For starters, a high-quality or clever video has the potential to go viral, which can get your brand in front of the eyes of millions of people in a single afternoon. Video also can be inexpensive and therefore cost effective, provided you know what you’re doing. If your company is ready to start making videos, learn these marketing lessons from the big brands that you can apply to your campaign:

Apple

Apple may be one of the most successful companies now, but it wasn’t always that way. Much of this company’s recent success can be attributed to the high-quality products it makes and to the unique video campaigns it conducts. Apple’s TV spots are brilliant in their simplicity — many of them feature simple music, stark white backgrounds and little more than the product on display. Apple isn’t attempting to distract the viewer with loud music or flashy graphics — instead, it lets the products speak for themselves.

Video camera operatorLay’s Potato Chips

Lay’s has been experimenting with hugely successful videos in the last several years. The company launched a video campaign called “Do Us a Flavor,” which urged people to visit a specific URL to submit ideas for new potato chip flavors. This campaign was successful because it leveraged the power of the Internet and social media to the company’s advantage. By inviting the audience to participate in the campaign, Lay’s was essentially putting the viewers on display.

While the chance to win $1 million dollars certainly didn’t hurt, Lay’s campaign was successful because it embraced emerging technology in a simple yet effective way by letting those who viewed its videos get in on the fun. It also went a long way towards showing customers that their opinions really did matter.

LifeLock

LifeLock is an example of a big brand that knows how to use successful video marketing for the good of its organization. LifeLock, which offers a full line of identity theft protection services, has won numerous Editor’s Choice awards with leading publications, such as PC Magazine, NetNanny and Geeky Reviews.

LifeLock’s video marketing campaigns have succeeded largely because they stick to a few tried-and-true rules. Each TV spot is packed with information, but still manages to only be around two minutes long. Each spot doesn’t try to cover too much, either. They all pick a single buyer persona and focus on the individual needs of that person. For example, one video focuses on the worries of the online shopper and a separate video focuses on someone who may be using public Wi-Fi in a cafe. This is a successful tactic because the company isn’t trying to tell the whole story in any one video, but rather is creating a series of videos that all work together to sell the same product.

When creating your own video campaign, remember these three examples. Making it simple, engaging your audience and keeping it short are easy ways to help your videos find success.

To your best success,

 

Stephen, Guest Blogger for the All Access Group

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

Stephen earned his Bachelor of Arts in Film and Video Production at the University Of Toledo College Of Performing Arts in Toledo, Ohio. In addition, he also worked for a big box electronic retailer for three years specializing in high definition audio and video equipment as well as computers and software. He has created almost ten thousand pieces of SEO-driven content for various online clients on topics ranging from the entertainment industry, electronics, computer operating systems and general technology.

 

 

 

 

 

Is It Time to Spring Clean Your Business? Here’s 4 Ways on How to Do It!

Kelli Richards April 30, 2015

It’s spring! As signs of life begin to reappear outside, you might feel the urge to swing open the windows and tackle that growing pile of clutter that you ignored all winter.

That’s the same feeling that motivates so many people to do some spring cleaning every year. By applying this mindset to your business, you can gain a fresh perspective on your company.

documents-moving-one-folder-100251816Every year, I try to do some in-depth spring cleaning, and I use the same process each time. Although your needs might vary from year to year, this time-tested approach is sure to return your business to a healthier, livelier, and more profitable state in no time:

  1. Take inventory of your mindset. The year is 25 percent over. Are you where you want to be with your business goals?

To get your business back on track, take inventory of your mindset and beliefs. Are you operating from a clearheaded, peaceful state of mind and making progress toward your day-to-day goals? Or are you falling into negative habits in your comfort zone that could be impeding your progress?

Chances are you know this stuff intuitively. But taking the time to think through these answers mindfully and proactively will help you steer yourself back on course.

  1.  Get in touch with the right resources. After your personal leadership assessment, consider the business as a whole. Do you need additional resources to help you make necessary changes?

One of my recent goals was to revamp and relaunch my website. I don’t have the skills to accomplish this myself, and it wouldn’t be the best use of my time. So I hired experts to do it for me.

Similarly, be mindful of the fact that your staff might need help attaining their goals or decluttering (and staying decluttered). Consider bringing in outside professionals to get the job done quickly–and correctly–the first time. Make sure to create systems and structures that you can use to stay organized and streamlined.

  1. Rid your team of physical and mental clutter. It’s amazing what working in a clean, uncluttered workspace can do for your creativity and productivity. Are there external distractions keeping you and your team from working at peak capacity?

If you’re removing physical clutter, knock out one section at a time so you don’t overwhelm yourself. Ask whether an item serves you or is just taking up unnecessary space, and part with it if it doesn’t have a clear utility. You can also create filing systems to contain and conceal items that you don’t need on a daily basis. This way, you can easily retrieve them without taking up valuable real estate. Consider scanning as much paper as possible to conserve even more space.

  1. Make it a team effort. If you’re making more substantive changes to operations, solicit input and ideas from the team members who stand to benefit. Explain why the process will help them do their jobs better, collaborate more effectively, and be more productive.

Team members who take an active role in the process and feel valued will be more likely to adopt the solution after the cleaning bug passes. To incentivize employees even further, establish a system that rewards them for maintaining the new approach or making suggestions for ongoing improvement.

Spring cleaning is about starting fresh. But you don’t have to wait for spring to sweep your company clean; applying this process any time during the year will yield the same benefits.

Don’t let your efforts to spring clean wither away come fall. Make a conscious effort to rid your company of clutter, negative thoughts, and inefficiency for good so everyone can remain organized and stay focused on the business objectives that really matter.

This article was previously published in Inc.com magazine

 

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

 

How to Make Money By Talking to Cool People

Kelli Richards April 23, 2015

You’re always looking for ways to bolster your digital marketing strategy and stand out as an expert in your field, so why not consider hosting a podcast series?

Sure, it’s not exactly bleeding edge, but the practice is expanding. In fact, podcasting grew 105 percent between 2006 and 2012, and the number of customers listening jumped 163%.

ID-100295932According to a survey KnowledgeStorm and Universal McCann conducted, 65% of business and IT professionals listen to podcasts for personal and business purposes, and 60 percent interviewees said whitepapers and analyst reports would be more attractive in podcast form.

That is a huge potential for a strong revenue stream–plus a brand and credibility boost.

Think about it this way: You’ve spent years gathering knowledge, and now you have tools to share it with the world. How empowering is that?

Learn From the Best

Podcasting is a portable way to communicate a message, which fits seamlessly into an entrepreneur’s busy lifestyle. It doesn’t need to be live–it’s on-demand. And you can forgo the screen because it plugs into your smartphone or car. It’s a brand extension that demonstrates your expertise and credibility to your target audience and sets you apart from competitors.

Celebrities and entrepreneurs alike have begun to capitalize on these incredible benefits.

For example, Internet marketer Brendon Burchard led the charge in building audiences, teaching them techniques in certain verticals, and selling them products or events that dive deep into the topic. For Burchard, this has netted millions and launched several New York Times best sellers.

Television mogul Kathie Lee Gifford also runs a successful podcast. She promotes her brand affiliates, such as Walmart, and hosts a long line of celebrity guests each week. An especially entertaining moment was hearing Gifford try to explain podcasts to an incredulous Regis Philbin.

“You mean they can hear this anywhere in the country?” Philbin asked. “No Reg, they can hear this anywhere in the world,” Gifford retorted. “It’s a radio show that goes out in cyberspace.”

5 Keys to Podcasting Success

These entrepreneurs didn’t create successful podcasts overnight, though. They planned and prepared carefully. Here are five tricks to cut down time and achieve rapid success:

  1. Plan ahead. If you’re doing a solo show, you might want to script it. For some, this means writing down every word you plan to say. For others, it’s making a cheat sheet of topics you want to cover in case you lose your place.
  2. Consult your knowledge bank. If you can’t decide where to start, sift through old blog posts or articles you’ve written, and use them as a guide or script. Choose a post that’s a few months old so the content isn’t too new but is still relevant.
  3. Find the right platform. Podcast success stories aren’t limited to massive spaces such as PodcastOne and iTunes. Other venues–including Libsyn and BlogTalkRadio–have built huge followings of do-it-yourselfers on social media. Keep your options open.
  4. Let your guests do the talking. If you’re doing an interview-based show, coach your guest with premade questions beforehand. Hosting a guest is also another promotional outlet, so make sure to ask interviewees to promote shows by linking to them on their website, blog, social media sites, email, etc.
  5. Get it on paper. Invest a few dollars to get the interview transcribed and sent to your guests soon after. You can also post it on your website’s blog or newsletter. I recycle the audios for an audiobook and have also created a series of audio “snacks” from my series I call “Coffee & Connections.” It’s another way for listeners to engage, and with a modest annual subscription fee attached, it provides a passive revenue stream. For entrepreneurs who teach, you can repurpose these into workbooks or audio portions of subscription-based training products, such as Kajabi.

The benefits podcasting has produced for my brand has far outweighed the risks–and the solid brand recognition that accompanies interviewing intriguing people is a fantastic asset and differentiator for any entrepreneur. So next time you’re searching for a new digital marketing tactic, consider a podcast. The personal and professional impact it’ll have might surprise you.

 

This article was previously published in Inc.com magazine

 

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

4 Ways to Make the Most of Your Mentor-Mentee Relationship

Kelli Richards April 16, 2015

Whether you’ve never had one before or you’ve heard horror stories from friends, it’s natural to be a little skeptical of the whole mentor-mentee thing, especially if you’re familiar with the competitive business world.

Somehow–by fate or circumstance–you’re supposed to meet a successful, experienced entrepreneur who just happens to want to chitchat about your ideas for hours each week and has the time and inclination to do so?

mentorIn a climate where there’s no free lunch, it’s easy to assume there’s a hidden catch. But if you feel this way, it’s because you don’t understand how mentorship helps your mentor. Did you know that training and advising mentees is a powerful way for your mentor to gain leadership skills and team-building experience? And that mentees often help their mentors understand things in new ways through feedback, communication, and interpersonal skills?

The most satisfied mentees are the ones who recognize that every meeting has the potential to help their mentors advance their own careers, too. There are a few simple things you can do to make sure that reciprocal value gets created, including the following:

  1. Build a Reciprocal Relationship Research shows that people put more into relationships when they share common values and personalities. If you suspect your mentor isn’t getting anything out of your relationship, it might be because you’re asking her to chat up a brick wall or it’s simply not a good fit. Work toward making your relationship reciprocal by asking insightful, personal questions, sharing personal stories of your own, and offering to help whenever possible. At the very least, spring for lunch every once in a while. Do everything you can to make sure your relationship is a two-way street, and you’ll uncover a much more animated, energetic mentor.
  1. Know Your Role Understanding each person’s expectations is a key ingredient in relationship building, and the mentor-mentee relationship is no exception. Each party needs to understand her role in the relationship and approach the conversation with that attitude. For example, if your mentor prefers to offer straightforward coaching, it’s up to you to adjust your expectations and be flexible and responsive to her advice. This give and take allows both individuals to contribute to (and benefit from) the relationship.
  1. Don’t Shy Away From Your Expertise Your mentor knows that you have expertise outside of her wheelhouse. Don’t shy away from this fact in an effort to protect her feelings. Playing dumb will only make you a bad mentee. For example, if you’re a Millennial mentee partnered with a baby boomer mentor, you might be able to provide insight into up-and-coming tech trends that could prove valuable to her. It’s that give and take (more emphasis on the give) that will make the relationship between the two of you stand out.
  1. Take Advice and Offer Feedback When your mentor invests time in your relationship and offers you advice, it’s wise to consider taking it if it makes sense to do so. There’s nothing worse than a mentee who listens, ignores, and doesn’t even follow up on practical advice that’s offered to her. If you’re on the receiving end of advice, it’s up to you to implement it and keep your mentor updated on how those strategies are working out. If you don’t plan to take the advice, stand up for yourself and explain your thinking. This deeper discussion might help your mentor understand your position, or it might expose a misunderstanding that was preventing you from embracing the idea. Who knows? It might even reveal a better idea.

If you’re skeptical about why a mentor would want to partner with a mentee, it may be because you don’t have a plan in place to make it worth her while. Figure out what you have to offer your mentor, and do everything you can to provide that value. It’s how you’ll build a reciprocal, mutual relationship that benefits you both in the long term.

This article was previously published in Inc.com magazine

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

 

Turn Up Your Volume: 5 Big Moves Entrepreneurs Can Learn From Music Moguls

Kelli Richards March 19, 2015

Music moguls and entrepreneurs have a lot to teach each other. But don’t worry; you don’t have to sing like Beyoncé or turn tables like Skrillex to bring the music to your business.

When you think about it, there are multiple ways that the music industry reflects what you’re trying to accomplish as an entrepreneur. Music rewards innovation and originality–finding “the next big thing” is a mantra you both share–and you both aim to immerse customers in rich and compelling experiences, right?

electric guitarSo don’t be afraid to unleash your inner music mogul once in a while; it could actually do amazing things for your company. Here are five mogul moves you could consider making:

  1. Trust your gut. If everyone in the music and tech industries followed the traditional path to success, we wouldn’t have game-changers like The Beatles, Steve Jobs, and Richard Branson. Trusting your instincts–even if it means veering from the safe path–can lead to your most creative, innovative, and ultimately successful decisions. Only you know where your passions lie and how to tap into them, so trust your gut, and don’t listen to the naysayers.
  1. Take big risks. Music moguls are always willing to try something new–whether it’s a creative approach to a tour, an unlikely collaboration, or a new distribution method. Taking risks is what separates the innovators from the followers. Whether it’s reaching out to that intimidating potential collaborator or launching an experimental project, the only way you’ll see amazing outcomes is by taking risks in the first place. You have everything to gain.
  1. Connect to larger causes. Music moguls are masters at leveraging their brand power to have a positive social impact and expanding their influence at the same time. They’re willing to lend their voices and faces to causes they believe in, take bold action, and make their fans and followers proud advocates. Entrepreneurs need to embrace the power they have to connect to the wider world and start creating the kind of positive legacy they dream of.
  1. Create an A-list posse. Entrepreneurship is often seen as a one-man show, but it’s important to realize that you typically can’t succeed on your own. Just as music moguls surround themselves with a strong team of artists, managers, lawyers, agents, and publicists, entrepreneurs should bring trustworthy, inspiring people into their projects. With a supportive network behind you, your ideas, customer base, and passion for your work will flourish. And be sure to have a trusted advisor by your side to help you develop your posse and collaborative partners. Choosing the right team is the most vital step in any successful venture. As music innovator Pharrell Williams said, “You are only as good as your team.”
  1. Find the next big thing. You can be as tech-savvy and business-minded as you like, but if you can’t create buzz around your next new product or idea, nobody will know or care. The music moguls are experts at creating buzz. Take Spotify, for example. It crafted a powerful launch model by using invite-only access to drum up anticipation and demand for its new product, which subsequently became an industry game-changer.

My own career has been a journey from music publications to a major record label to a tech giant to the crazy, disruptive startup environment of Silicon Valley. It’s definitely grown from there, but what I’ve experienced time and again is that no matter where I am, when powerful tech innovation and the bold music industry engage, it creates an intensely creative atmosphere.

Music moguls and entrepreneurs have a lot to teach each other. But don’t worry; you don’t have to sing like Beyonc or turn tables like Skrillex to bring the music to your business. All you need are these simple tips, a trusted advisor to help you chart your course and create the powerful collaborations you need, and your own entrepreneurial instincts and intuition, and you’ll be on your way to finding your inner music mogul to the delight of all of those you’ll serve

This article was previously published in Inc.com magazine

 

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

5 Critical Lessons in Mergers and Acquisitions From the Apple-Beats Deal

Kelli Richards March 12, 2015

Mergers and acquisitions are notoriously complicated, clumsy, and fraught with bad feelings when they’re not executed carefully and strategically. Often, leaders fail to communicate, which derails productivity and leaves employees worried about their jobs. Companies also tend to struggle to manage customer integration, branding, and media relations during the transition.

Last year, Apple shocked the world when it acquired Beats Music and Beats Electronics for $3 billion. Along with the fanfare that accompanies any Apple announcement, analysts were scratching their heads as to why Apple would buy Beats–a company that’s been criticized for producing flashy headphones with subpar sound that could conflict with the sleek, functional Apple brand.

But Tim Cook and his team knew what they were doing, and the acquisition has progressed relatively smoothly–though the integration and results have come about a bit more slowly than anticipated.

Here are a few lessons you can learn from this high-profile deal to make your own merger or acquisition as seamless as possible:

1. Look for the Ultimate Win-Win Scenario

When considering a business move as significant as a merger or an acquisition, look for a win-win situation. The ideal scenario is one in which both sides stand to gain significantly.

In the case of the Apple-Beats acquisition, Apple needed a music streaming service so iTunes could compete with Spotify and Google Play. Beats also brought “street cred” and the opportunity to expand the company’s existing product line. Meanwhile, Beats needed more market share.

It didn’t hurt that Apple and Jimmy Iovine have a history. Iovine stated publicly that he always felt like Beats belonged with Apple because of its “deep commitment to music fans, artists, songwriters, and the music industry.”

2. Choose the Best Structure

When building the ideal scenario, determine whether it would be better to keep the companies running as separate entities or integrate them under one umbrella. Ensure that you get input and buy-in from both sides so it doesn’t feel like one company is steamrolling the other.

Part of the reason the Apple-Beats acquisition has been so straightforward is that Beats effectively shut down and has been fully integrated into iTunes. To accomplish this, both companies needed to work together to place the best Beats employees in key roles at Apple.

3. Get All Leaders Involved

For a change as important as an acquisition or a merger, senior executives in both companies should be active participants in the process. The CEO, COO, and relevant department heads all play a role. For example, the CEOs and heads of PR will want to work together to craft a unified company message and manage the media strategically and effectively.

4. Identify Roles for Key Players

One of the most difficult aspects of mergers and acquisitions is downsizing. When management roles overlap, you’ll need to restructure or consider layoffs. Leaders from both teams should put forth their top candidates and negotiate to determine who will fill specific roles. You’ll have to come to terms with the fact that some important figures may have to leave the new company with a severance package.

In the Apple-Beats deal, Apple was able to retain and integrate Beats’ crucial players into the iTunes team. Iovine and Dr. Dre now hold senior roles at Apple, and others, including Ian Rogers, Trent Reznor, and Bozoma Saint John, have stayed on following the acquisition.

5. Don’t Forget About Culture

The need to integrate two different corporate cultures is often overlooked, which has caused challenges on the other side of the financial merger and acquisition between Apple and Beats. These nuances must be considered early on. If cultural integration isn’t properly addressed, it can not only hinder morale, but it can also lead to plummeting productivity, higher turnover rates, and sabotage.

This is where a cross-functional integration team can influence the outcome. This team can evaluate the cultural differences between the two companies and tackle them directly to mitigate challenges and avoid surprises. This way, you’re not just throwing new employees into an unfamiliar environment and expecting them to know the rules, which are sometimes unspoken. This is subtle but incredibly significant.

While merging or acquiring, it’s important to remember that the integration could take longer than anticipated. The transition may not be seamless or swift, but by crafting a deal that makes strategic sense for both parties, communicating openly, and working to retain key players, you’ll be much more likely to succeed as a united force.

This article was previously published in Inc.com

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

The Super Connector’s Guide to Making Powerful Business Introductions

Kelli Richards February 26, 2015

As an entrepreneur, you understand the importance of having a strong network. What many people don’t understand is that it’s not always who you know, but what you do with those connections, that matters.

Throughout my career, my extensive network in Silicon Valley has allowed me to create intros for startups seeking funding for their ventures and secure celebrities like Jerry Seinfeld for corporate events. But I haven’t done this by connecting with a bunch of random people on LinkedIn; I’ve nurtured these relationships through the power of reciprocal networking.

If you aren’t actively looking for ways to make valuable introductions for your connections, your network isn’t as strong as it could be.

Here are a few ways to make winning introductions that will lead to lucrative long-term opportunities for you and your connections.

How to Make a Powerful Business Introduction

people-network-10032685When you start making business introductions in person, it can feel a bit awkward. But the key to a successful connection is a clear understanding of what each individual has to gain from the relationship. If your connections don’t see an advantage to meeting the people you suggest, they’ll be skeptical of your intent.

A proper business introduction immediately erases confusion among mixed groups of people. It sets the stage for respectful interactions and eases the otherwise uncomfortable first conversation.

Always introduce the person with more authority first. Adding explanatory statements after saying each person’s name will also get the conversation flowing naturally and provide context. These can be simple statements such as their job titles.

When introducing one person to a group, announce that person’s name and identifier, and introduce each group member in the order they’re sitting or standing.

Connecting people who offer complementary services is a great way to promote mutually beneficial relationships. You can also offer to let people you respect sift through your LinkedIn connections and facilitate these meetings to add value.

Tips for Navigating the Uncomfortable Email Introduction

Making introductions in person usually feels less forced than sending emails out of the blue, but it’s not always feasible to get the two people you want to connect in the same place at the same time. This is where email introductions come in.

When emailing your connections to establish an introduction, make sure you always:

  1. Ask for permission first. Explain the value proposition for each party meeting the other, and ask if they’d feel comfortable with you making the connection.
  1. Mention whether they’ve met before. People often forget brief meetings, and the reminder can save them some embarrassment.
  1. Make haste slowly. Good introductions require careful preparation. Think through how both parties could benefit from each other, and spell it out in an email. Hurried, ill-planned emails can have a negative impact on these burgeoning relationships–and your reputation.
  1. Encourage the conversation. You never want to start an email thread, only to receive no response from either party. To avoid this social disaster, urge both people in the email to arrange a time to talk in the near future.
  1. Make action steps clear. Be straightforward in your email, and outline what the specific next steps should be.

Solid introductions always come down to adding value for other people. When you set up a long-term cycle of promoting mutual wins, you position yourself as a credible and trustworthy business connection.

Establishing a reputation for facilitating great relationships is the best way to increase your chances of success, no matter what field you’re in. And as this cycle of reciprocity continues throughout your career, the referrals, invitations, and unique experiences will start pouring in.

This article was previously published in Inc. 

To your best success,

 

Kelli Richards, CEO of the All Access Group, LLC

 

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

 

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

Know When to Hold ‘Em, Fold ‘Em, and Walk Away in a Business Deal

Kelli Richards February 19, 2015

When you first hit the Las Vegas Strip, the flashing lights and fast pace are overwhelming. With adrenaline coursing through your veins, you’re ready to try it all. But if you’re going to win, you need to take control and work on developing your poker face.

When new opportunities come along in business, you might feel just like you did on that trip to Vegas. But if you want to make the best decisions, you can’t let the excitement get to you. If you get emotional, the logical part of your brain will shut down, and you’ll be at the mercy of other people’s agendas.

Here are four tips to help you weigh your options, stay calm, and show the other players that you’re in control:

1. Don’t reveal your hand.

The principle of least interest, a term coined by sociologist Willard Waller, states that the person who appears to have the least interest in a relationship holds all the cards when forming a business deal or partnership.

In negotiations, always keep your cards close to your chest. You’ll maintain an advantage if you don’t reveal how you feel about an opportunity right away.

2. Consider the stakes.

Avoid getting swept up in the excitement of the game. Consider the hand you’ve been dealt as a whole. Does it serve your long-term business needs? Do you have good rapport with the other party? Will you be able to maintain a productive relationship?

If all–or most–of your business goal boxes are checked, then you’ll probably want to stay at the table.

3. Don’t go all in–yet.

If it’s your turn to bet, make sure you’re confident in your hand before pushing all your chips into the pot. Before making any business decision, you should have all the information you need. Clarify the facts, gather input from advisors you trust, and straighten out any inconsistencies in the agreement.

I once signed an agreement without first showing it to my lawyer. The other party wanted to close the deal quickly, so I signed because I didn’t want to miss out on what seemed like a significant revenue opportunity. It turned out to be a move I later regretted making. I’ve learned the importance of slowing down and getting the crucial input I need before taking action, particularly when the stakes are high.

Do a gut check before diving into any big decision. The deal could look promising–and you may have a good relationship or good rapport with the other party–but you may need to wait until you get some advice from an expert or a trusted advisor. If you feel yourself being pressured one way or another, step back and give yourself some breathing room and space. Never let someone else push you into taking an action you’re uncomfortable with or one that doesn’t feel right to you for whatever reason.

4. Know when to fold.

There will be times when folding and walking away from a deal may be your wisest move. If you evaluate the opportunity in front of you and find that the terms don’t work or the other parties involved are disingenuous, disrespectful, or otherwise unwilling to compromise and work with you to create a win-win, then it may be a sign to move on to the next opportunity.

Remember: Relationships are key, but business is business. Everyone is sitting at the table to make money. While giving in to the excitement and throwing down chips may be fun, making bad bets can cost you in the long run. The only way to come out on top is to pay attention to what’s on the table, bide your time, and play smart.

This article was previously published in Inc.

To your best success,

 

Kelli Richards, CEO of the All Access Group, LLC

 

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

 

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

How Writing a Book Can Advance Your Career

Kelli Richards February 12, 2015

A book can be a powerful tool for advancing your career and establishing yourself as a brand and as an industry leader.

When you think about promoting your brand, your mind leaps to speaking at industry conferences, sitting on relevant topic panels, contributing to online forums, and networking at events. But more and more professionals are also considering writing a book to boost their careers. And it makes sense: The market is ripe with literary opportunities, and the U.S. leads the way in self-published books each year, with 391,000 published in 2012.

ID-10098731
FreeDigitalPhotos.com

What’s more, writing a book is a great way to establish you as a credible industry expert. You can create a brand platform for yourself, increase your market value, differentiate yourself from competitors, and discover new ways to grow your authority in your field. But before you can add the title “published author” to your resume, you need to invest some time and energy in planning, crafting, and publishing your unique message–and understanding how the publishing world really works.

The Path to Becoming a Credible Published Author

The good thing about writing a book is that anyone can do it; there’s no licensing or training required. However, there’s more to writing and publishing a book than just powering up your computer. You have to plan and research to make your book–and, subsequently, your career–a success. Here are eight steps to create an effective writing and publishing process:

  1. Write what you know. Reflect on the topics you know best and are most passionate about. They will inspire you and make the entire writing process more fulfilling and enjoyable. As an expert in your field, it’s your experiences, insights, successes, authenticity, and–yes –failures that will set your message apart from all the others to convey authority and impact.
  2. Find your niche. Look around to see what relevant books are being published on your topic of choice; you may notice holes that you could fill within your target niche. Don’t be discouraged if your desired topic has already been written about. You can find a unique slant or approach that will differentiate you and your ideas.
  3. Write for your audience. Understanding what your audience wants and needs is incredibly important. Most of today’s readers are on the go, so they want to read content that gets straight to the point, solves real-world problems, and helps them learn new things quickly. Keep your topics focused, and format your book to appeal to your target audience.
  4. Brand yourself and your ideas. Consider creating a brand platform–with the book as the anchor and you as the authority–that drives home your message and leaves the door open for building upon it in the future. For example, a strong title will not only help you sell books, but it could also potentially galvanize an entire movement (e.g., “The 4-Hour Workweek”). I’ve always chosen very catchy titles for my books that still convey what the book is about, including “Taking the Crowd to the Cloud: Social Media for the Music Industry,” “The Art of Digital Music,” and “The Magic & Moxie of Apple: An Insider’s View.”
  5. Create a memorable presentation. Not surprisingly, the title and the back cover of a book are often the two most powerful things to consider before releasing your masterpiece to the world. They catch prospective readers’ attention and make them want to dive deeper.

I was very aware of this when designing the books, so the titles and subtitles are both catchy. In the case of “The Art of Digital Music,” the back cover was also carefully orchestrated–testimonials from credible third parties who will be recognized as relevant authorities or influencers in your field are very helpful in establishing an effective and immediate presentation and connection.

  1. Decide on your publishing path. Traditional commercial publishing might mean multiple inquiries and months of waiting, but that route is still considered more credible for some. However, given the promotional requirements put upon the author once a book is released, more authors are self-publishing with the help of distributors like BookBaby and Smashwords.
  2. Work with the best. Writing and promoting a book requires a lot of talent and fortitude, so work with a well-rounded team to get the best results. Ghostwriters and editors can ensure that your message and voice are polished and solid, and distributors and promoters can help you build and reach the perfect audience.
  3. Promote, promote, promote! Promoting your book and spreading your message is vital to both your literary success and your potential opportunities. If you put as much energy into marketing and promoting your book as you do toward writing and publishing it, you will discover many new ways to expand your authority and reach. Be aware that the author is always responsible for promoting the book, whether she’s distributing it herself or working with a commercial publisher.

Creating a campaign before the book is released is critical to having a successful launch. From promoting the book’s title and release date in your email footer weeks or months before it comes out to ensuring it’s available in all relevant outlets, the process can be taxing but rewarding. By encouraging colleagues and affiliates to promote it to their audiences and considering releasing it in multiple formats, you can connect with an even wider audience.

A book can be a powerful tool for advancing your career and establishing yourself as a brand and as an industry leader. For your endeavors to be successful, you must put careful thought and energy into the planning, writing, publishing, and promotional processes. In the end, your efforts could boost your reputation and unlock innumerable opportunities for the future.

This article was previously published in Inc.com magazine

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

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5 Ways The Cloud Can Make Your Business & Personal Life Easier

Kelli Richards February 3, 2015

How can you use the Cloud to be more productive at work, to enjoy and share music and video, and to stay in touch with family and friends? Here are 5 ways the cloud will make both your business and personal life easier:

  1. ID-100126965The cloud allows you to store data remotely, rather than on your home computer, giving you easy access to your files from anywhere. This can keep you productive when you’re either in or out of the office, and also allows you to collaborate with others on documents, spreadsheets and presentations. The cloud really benefits small businesses because it allows for such great flexibility. You can access your data from anywhere, on any of your devices. Because you can update and share these documents on the go, cloud-based apps enable you to brainstorm with business colleagues as well as personal connections no matter where they are.
  1. There are cloud services that offer easy ways to keep track of your appointments, schedule meetings, take notes and help you to organize your day. To-do lists can help ensure that daily tasks are not forgotten. This certainly ups your productivity in business, and can keep your personal schedule running smoothly. No more missed anniversaries!
  1. You could say that web-based email was the original cloud. Instead of downloading electronic messages to your computer, cloud email lets you log in and view them from anywhere. As far as social media, when you like, retweet or pin something, and whenever you use a messaging app, you are doing it in the cloud.
  1. For entertainment purposes, streaming music and video on demand from the cloud affords you access to millions of files, as opposed to relying on what you could store locally on a specific computer. Gone are the days of burning cd’s or placing large amounts of media on your hard drive. You can host your own files to share pictures or home movies with family and friends, no matter where they are.
  1. Many data experts remotely recommend backing up those precious memories and important business documents and using a private cloud is a great way for individuals and businesses to securely store files.  No more worrying that hard disk failure or computer theft will mean the loss of your important files. When you make use of online storage and syncing services like Dropbox, you have been involved with cloud computing. The cloud also offers a disaster recovery solution in the event of an outage.

The cloud is becoming a bigger part of our everyday lives. Use it to enhance your business and personal life, increase productivity, and to give you peace of mind when you store and back up your most important files.

Until next time,
Kelli Richards
CEO of The All Access Group, LLC

PS: Always remember that your goals are possible to achieve. Believe in yourself and your ideas. Your intuition got you this far, so trust it. Don’t ignore your own excitement. Keep the passion burning and your vision front and center at all times. It’s the perfect fuel for your dreams. Visit: https://allaccessgroup.com

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