Archive for B2B

You’re calling it WHAT?

Driving through CoPerformanceUtilitySupply_Underground-Utilities-Home1rona I spotted a roadside sign reading PUS.

Having a twisted sense of humor, I wondered who would want to buy the stuff.

The sign was attached to a company named Performance Utility Supply. They sell hardware to the power and lighting industries.

I’m guessing most of their customers are “manly” men in construction. Their website photo of an unshaven guy wearing his PUS gear reinforces my suspicion.

The company also has a sexually suggestive line emblazoned on their trucks. And if this strategy works for them, who am I to argue?

Still, one has to wonder about the long-term wisdom of this type of gender-based marketing. While today women only make up 9% of construction workers, change is inevitable.

Over the past 50 years, women have achieved parity in one industry after another. In the current political climate, their numbers can only be expected to increase.

All suggesting the eventuality of more women buyers in one of the last bastions of male domination: construction.

It’s no surprise that women oftentimes view the world differently than men. Historically, professional women are less likely to engage in sophomoric hijinks than their male counterparts.

Which all points to women buyers in construction and related trades who will want to be taken seriously and/or be offended by the PUS name and marketing strategy.

Naming a business can be tricky, easily going down the wrong path. Things to consider when you’re naming your business include:

  • How will your audience receive it?
  • How will your acronym read?
  • Is the name exciting, or a compromise reached to satisfy a committee?
  • Does the name say something, or is it just feeding someone’s ego?
  • Are you just mashing words together in hopes of being clever?
  • Do you stand out of the crowd in a good way?
  • Are you merely naming the business after the town you live in?
  • Are you using clichés or obscure words?
  • Is your spelling funky?
  • Can you get a domain to match your company name?
  • Are you budgeting enough to brand your name to customers?
  • Can you admit if the company name is just wrong?

Company names should bring value to the table. The last thing you want is for customers to be offended when they see your business’ name.

Delivering Savings Until Closing Time Today

A man walks into the post office…WONDERUSPS2

Sounds like the beginning of a bad joke, doesn’t it?

But there I was waiting to buy postage and I discovered a coupon jointly issued by Hallmark and the U.S. Postal Service.

In truth I shouldn’t have been surprised. For the past few years the Postal Service has been getting increasingly commercial in an effort to overcome an annual $5 billion deficit. And because the USPS is a quasi-governmental agency receiving zero tax dollars, that money obviously has to come from someplace.

So, a few years back they started selling ancillary items like packing supplies and greeting cards.

Then they struck deals to feature animated characters on postage stamps, including Bambi, Big Bird and Daffy Duck.

Today, stamps featuring Wonder Woman can be affixed to Snoopy greeting cards, both purchased at the postal counter.

The tie-in between postage stamps and Hallmark greeting cards is a logical one.

Post offices have a built-in customer traffic flow. Most cards get mailed and need stamps.

What better place to tie the stamps, card, and customers together than there?

Furthermore, free email graphics have been the source of headaches for Hallmark executives for a long time.

If they can sell more cards and pay the USPS a sales commission, everyone wins, right?

Their plan is obvious;

  • Customer chooses a card from the multiple displays in the postal store lobby;
  • Coupon offers $1 off 3 cards if purchased before Feb. 17, 2017 (That’s TODAY, in case you hadn’t noticed!);
  • Customer buys two additional cards and stamps for mailing them

The promotion’s demise date screams “Valentine’s Day,” though any cards sold there qualify for the discount.

Now let’s examine your business. Odds are good there’s a potential partner for you, regardless of what you sell.

Car dealerships can join forces with area gas stations. Bakeries can work with exercise studios, which, in turn, can partner with beverage companies.

The USPS isn’t collecting buyers’ contact information, but there’s no reason you can’t. A list of buyers is incredibly valuable, since:

  • They like what you and your partner sell
  • You have an established relationship
  • They’re likely to buy from you again

Partnerships must be carefully thought out and planned, but can be very successful if done right. Learn from the USPS and develop one today.