What do you do when you find yourself in a downturn?
No one enjoys this situation – and often, the result is that we start marketing obsessively, creating an appearance of desperation for business. Ironically, no prospect or previous client is attracted to a company that seems to be hurting for customers.
Instead, we need to consider a more guided and reassured approach.
Within the professional speaking segment of my career — as opposed to the consulting and education/training aspects of what we do — I’ve noticed that spring often brings a bit of a slowdown in activity. A smaller number of conferences and conventions are held when school is not in session, and families are taking vacations, so we typically get fewer calls in the spring to book speeches for meetings in the summer months. (It’s why the National Speakers Association has always scheduled their annual convention in the summer!)
And 2024 is part of the four-year cycle of both a Presidential election here in the States and the Olympic games occurring in the same year. This often means that keynote slots usually filled by professional speakers will now go to political analysts and successful athletes.
Is there a typical time when you experience a lull in your business?
It’s tempting to view these quieter periods as detrimental. However, it’s crucial to recognize them for what they are: seasonal adjustments, part of a natural ebb and flow in the cycle of business.
Understanding the patterns of our professional landscape can transform how we perceive and react to these lulls. Instead of succumbing to frustration, we can view them as an opportunity to regroup and realign our strategies. Here are four approaches to re-motivating oneself during these slower periods:
1. Strategic Planning and Goal Setting
Use the quieter times for strategic planning and setting new goals. It’s an opportune moment to reflect on your business’s direction, evaluate past performances, and set clear, achievable objectives. This is not merely about continuation but a strategic recalibration to ensure that when the pace picks up again, you are ahead of the curve.
2. Skill Enhancement and Learning
Slow periods are ideal for personal and professional development. Whether it’s attending online workshops, reading the latest in your field, or learning a new skill that can add depth to your offerings, the investment in your growth will pay dividends when the demand picks up.
3. Strengthening Connections
Networking doesn’t only have to occur in peak business times. Reaching out to your network, checking in on colleagues, or even setting up informational interviews can foster relationships that yield future opportunities. This is also a perfect time to collaborate on new ideas with peers. Knowing you aren’t alone in this situation can provide assurance, as long as it does not become a “woe is me!” conversation. My mastermind group meets every summer – and a small group of pals and colleagues meet on Zoom every week. We help keep each other motivated and encouraged.
4. Innovative Experimentation
With more time at your disposal, experiment with new ideas that you wouldn’t during busier periods. Whether it’s a new marketing technique or a fresh topic for your speaking engagements, experimentation can lead to innovation and renewal. It was during a slower period in speaking that I created the concepts that became my bestselling book, “ICONIC.” You never know where your experimentation might lead!
Reflecting and Renewing for Enhanced Relevance
Reflecting on past successes can indeed be a double-edged sword, particularly for seasoned professionals who might worry about remaining relevant in a rapidly evolving market. Here’s how to reflect on your achievements and use them to foster continuous renewal:
Analytical Reflection: Examine your past successes to understand the qualities that distinguished you then and consider how these can be adapted or expanded upon to meet current trends and expectations.
Feedback Loops: Engage with peers, mentors, and trusted clients to get feedback on your current offerings. This can provide insights into how the market perceives your relevance and where there might be opportunities for innovation.
Personal Branding: Update your personal branding to reflect both your legacy and your adaptability to current market demands. This shows that while you respect and acknowledge your past work, you are also fully engaged with your industry’s present and future.
Continuous Learning: Embrace a mindset of continuous learning and curiosity. Being open to new ideas and approaches not only enhances your skill set but also signals to your industry that you are a dynamic and evolving leader.
Embracing Reverse Mentoring for Fresh Perspectives
Another powerful strategy I’ve employed to stay engaged and relevant during quieter times is reverse mentoring.
This involves partnering with younger professionals who not only value my experience but also challenge my thinking with their fresh, generationally unique perspectives. Here are four reasons why reverse mentoring is a critical element of staying motivated and relevant:
1. Cross-Generational Insights
Reverse mentoring allows for an exchange of ideas across generations, fostering a deeper understanding of emerging trends and consumer behaviors that are shaped by younger demographics. This can be particularly valuable for tailoring our strategies to meet the expectations of a broader audience.
2. Challenging Established Norms
Young professionals often bring a different approach to problem-solving and innovation. By engaging with reverse mentors, seasoned professionals can challenge their established norms and potentially outdated methods, ensuring that their strategies remain dynamic and adaptable to new market conditions.
3. Fostering Inclusivity
Reverse mentoring encourages a culture of inclusivity by validating the contributions of younger team members. It demonstrates a commitment to hearing diverse voices within the organization, which can inspire loyalty and a positive work environment.
4. Mutual Benefits
While reverse mentoring is designed to benefit the more experienced professional, it’s a reciprocal relationship. Young professionals gain from exposure to the seasoned insight and strategic thinking of their mentors, enriching their professional growth and understanding of the industry.
Incorporating reverse mentoring into your professional life not only bridges the gap between generations but also injects new zest into your career.
It’s a testament to the idea that learning and motivation are lifelong processes, invigorated continually by new challenges and perspectives.
Every professional will experience cycles of peak activity and slower periods. The key is to use these quieter times as strategic periods of growth and development.
By embracing these lulls as opportunities for strategic planning, learning, and innovation, you can ensure that you remain motivated and ready to meet the challenges and opportunities of your next busy season.
This post is a bit unusual for me. This is directed solely to my fellow #professionalspeakers and to those who desire to speak professionally.
It’s time for me to respectfully, but strongly, dispute some advice that is being shared by some that, if taken on its face, could be hugely detrimental to both your career personally and to the speaking business as a whole.
When asked to describe what it takes to become successful, Steve Martin said, “Market like crazy and do whatever it takes to get hired as a performer!”
No…wait. He did not say anything like that at all.
Instead, he said, “Become so good at what you do that you become impossible to ignore.”
Here’s the problem — Martin’s approach is significantly more difficult to undertake. It also leaves you less of a prospect for those who seek to sell you services that market your business, run your social media, write and publish a book, and any of the other myriad of pitches that anyone who calls themselves a speaker will encounter.
If Mercedes-Benz said, “Our job is to sell the car, not make a great car,” where do you think their reputation and profitability would be as compared to the esteem they have in the marketplace?
If Steve Jobs had stated, “Apple’s job is to sell the iPhone, not deliver a remarkable device,” we might still be carrying BlackBerrys. Instead, he drove his team to develop products that were “insanely great.”
Let me be clear: if you call yourself a professional speaker, your primary job is to serve your client by delivering a distinctive, amazing presentation.
You book the speech because you are so great on the platform that you become impossible to ignore as a speaker, thereby creating demand for your programs. If you think your primary job is to book the speech, your focus is on the wrong target — and can likely derail your long-term prospects for a successful career.
Look, I realize there will be many who will dispute my position here — or say this is the way it used to be but doesn’t apply to today’s meetings marketplace. All I ask you to consider are these two questions:
If you purchased a supremely marketed product or service that failed to deliver as promised, would you buy more of it and advocate it in the marketplace? Or would you never buy it again and tell others of your disappointment?
If someone tells you that booking the speech is your main job instead of delivering the presentation, is there the potential for a hidden agenda? Are they hoping to sell you a service that promotes your speaking without helping you improve your content and delivery?
Your job is to craft and deliver a presentation so compelling to the client and the audience that their loyalty becomes assured. I had someone tell me that my success as a speaker could be measured in the thousands of paid presentations that I’ve delivered. I gently disagreed. I think my success should be measured by how many terrific clients and meeting professionals have had me return and speak for their groups on multiple occasions.
A speaker does not work for one firm over 100 times, as I have for Merrill Lynch, because I thought my job was to book the gig.
You aren’t a keynote for seven consecutive years, as I am for Chrysler, because of marketing.
You don’t sign six-figure retainers, as we have with terrific partners like Volkswagen Australia, Juniper, and SkinCure Oncology, and more, because I hired a social media team.
(Please excuse this previous paragraph — I know it sounds braggadocios, and I apologize for that. It’s important to me, however, that you know I’m presenting my opinion from experience and evidence.)
There’s only one aspect that the “A-list” of professional speakers have in unison. In today’s meetings marketplace, thank goodness, there’s more diversity in speakers and in thought than ever before. But there is still this common denominator: the top speakers are all AMAZING on the platform.
Here’s a bit of tough love that we all need to hear in this profession: If you are not getting booked — and especially if you aren’t getting booked to return or through word-of-mouth recommendations — your problem is NOT your marketing.
In today’s hyper-competitive business landscape, an organization’s success hinges on its ability to stand out from the crowd.
Therefore, as a leader, it is not enough for you to simply manage your team and ensure smooth operations. To truly excel, you must inspire and empower your team to create distinction in every aspect of their work.
This foundational perspective on leadership is crucial for driving organizational success and separating your company from the competition. I fervently believe—and this is supported by my experience and research—that creating distinction is the key to organizational success, profitability, and creating the kind of culture that inspires the retention of your best customers and employees.
At the core of this leadership approach is the belief that distinction is not just a top-level concern but rather a responsibility that should be embraced by every department and individual within the organization. Leaders must effectively communicate this vision and provide their teams with the tools, resources, and support they need to innovate and deliver exceptional results.
One of my favorite examples is the Fairmont Scottsdale Princess, a renowned resort that has successfully created distinction in a crowded market. Rather than focusing solely on creating a distinctive resort as a whole, the leadership team with CEO Jack Miller broke down the goal into meaningful elements, such as crafting a distinctive check-in experience and providing distinctive housekeeping services. By empowering each department to contribute to the overall goal of distinction and the Ultimate Customer Experience ®, the resort was able to create a truly memorable and differentiated experience for its guests that has made it the most profitable of all Fairmont properties.
As a leader, it is essential for you to foster a culture of continuous learning and improvement within your organization. Encourage your team members to seek out new ideas, best practices, and innovations that can help set your company apart. Provide opportunities for professional development, cross-functional collaboration, and creative problem-solving. By investing in your team’s growth and development, you not only enhance their individual capabilities but also strengthen the organization’s ability to create distinction.
Moreover, leaders must lead by example and demonstrate a commitment to distinction in their own work. This means consistently pushing boundaries, challenging the status quo, and seeking out new and better ways of doing things. By embodying the values of innovation, excellence, and differentiation, leaders can inspire their teams to follow suit and contribute to the organization’s success.
The pursuit of distinction should be a top priority for any leader looking to drive organizational success in today’s competitive landscape.
By inspiring and empowering your team to create distinction in every aspect of their work, you can set your organization apart from the competition and achieve long-term success.
Remember, distinction is not just a goal but a mindset that should be embraced by every member of your organization, from the front lines to the executive suite. You can lead your team to create distinction!
In today’s fast-paced and highly competitive business landscape, organizations constantly seek new ways to innovate and stay ahead of the curve. While it’s natural to focus on best practices within one’s own industry, I suggest exploring successful approaches from other fields can yield a wealth of knowledge and inspiration.
Organizations can unlock fresh perspectives, drive innovation, and achieve remarkable results by adopting and adapting cross-industry strategies.
One notable example is the Ritz-Carlton, a luxury hotel chain renowned for its exceptional customer experience. According to my friend Dr. Joseph Michelli in his book The New Gold Standard, Ritz-Carlton adopted practices from the healthcare industry. Specifically, they focused on the concept of “patient-centered care” and transformed it into a “guest-centered care” approach. This involves anticipating and fulfilling guests’ needs, personalizing their experiences, and going above and beyond to create memorable moments.
By borrowing the focus on empathy and individualized attention, the Ritz-Carlton set a new standard for the customer experience in the hospitality industry.
Another compelling case study comes from the financial services sector. Capital One, the major credit card issuer, looked to the retail industry for inspiration to create a more engaging and immersive customer experience.
They launched Capital One Cafes, which combines banking services with a cozy coffee shop atmosphere. Customers can relax, enjoy a cup of coffee, and receive financial advice in a friendly, low-pressure environment. They’ve even opened a series of airport lounges for busy travelers who are their best customers. Capital One has differentiated itself and built stronger relationships with its customers by taking cues from the welcoming ambiance and personalized service of cafes.
Your key to unlocking innovation and staying ahead could lie in looking beyond the confines of your industry.
My friends and colleagues at High Point University — under the direction of my long-time friend and University President, Dr. Nido Qubein — have adopted and adapted many concepts from institutions outside academia to create a compelling experience for students, parents, and other stakeholders.
As HPU’s Expert in Residence for Distinction and Innovation, I’ve closely observed how the way they import strategies and tactics of leading organizations in varied industries have attracted student population growth and established meaningful differentiation in the highly competitive collegiate environment. Their focus on teaching at a high level while simultaneously educating their students on life skills has been the foundation of their enormous success.
By studying and adapting best practices from other fields, organizations can gain fresh perspectives, challenge assumptions, and discover new ways to solve complex problems.
Let’s embrace the power of creativity and open our minds to the lessons other industries offer.
Your future of creating distinction may depend on it.
In the field of customer experience, the advent of Artificial Intelligence presents an unparalleled opportunity for businesses to redefine the way they interact with customers.
Your incorporation of AI into your customer experience strategies is not just about harnessing new technologies; it’s about crafting more intuitive, responsive, and personalized interactions that elevate the customer journey to new heights. Here’s an exploration of how AI can be leveraged to enhance the Ultimate Customer Experience®:
AI-Enhanced Personalization
At the heart of any exceptional customer experience lies deep personalization – the ability to not only meet but anticipate the unique needs and preferences of each customer.
As I’ve written in my previous books dating back to the late 1990s, it’s the way you personalize to create emotional connections that form the fundamental difference between “customer service” and the “customer experience.”
AI excels in analyzing vast datasets to uncover patterns and preferences, enabling your business to tailor their offerings with unprecedented precision. From customized product recommendations to personalized communication, AI can transform a standard transaction into a tailored interaction that resonates deeply with the individual customer.
Conversational Interfaces and Virtual Assistants
AI-powered conversational interfaces, such as chatbots and virtual assistants, have revolutionized customer engagement by providing instant, on-demand assistance. These AI solutions can handle a wide range of queries, from simple FAQ responses to complex transactional conversations, ensuring that customers receive the right information at the right time.
The key to leveraging these tools in creating distinction lies in their seamless integration and human-like interaction capabilities, making digital conversations feel personalized and engaging.
Predictive Analytics for Proactive Engagement
Predictive analytics, powered by AI, allows businesses to anticipate customer needs before they arise, offering solutions and services proactively. This forward-thinking approach to customer engagement can transform the customer experience from reactive to proactive, delighting customers by exceeding expectations and preemptively solving problems.
Whether it’s predicting a need for maintenance before a product fails or offering a discount on a much-loved product before the customer runs out, predictive engagement adds a layer of thoughtfulness and anticipation to the customer experience.
Continuous Learning and Evolution
AI systems are inherently designed to learn and improve over time, analyzing every interaction to enhance future performance. This continuous learning process ensures that the customer experience is constantly evolving, adapting to new trends, preferences, and feedback.
Businesses that harness this aspect of AI can ensure that their customer experience strategies remain at the cutting edge, always one step ahead in meeting and exceeding customer expectations.
Finally – and most importantly:
Enhancing the Human Touch with AI Insights
While AI can automate and enhance many aspects of the customer experience, the human touch remains irreplaceable.
AI’s true power lies in augmenting human interactions, not replacing them.
By providing customer service representatives with real-time insights, suggestions, and support, AI enables them to deliver more empathetic, informed, and effective service. This synergy between AI and human intuition creates a customer experience that is both highly efficient and deeply personal.
In integrating AI into the Ultimate Customer Experience®, it’s vital that you maintain a customer-centric approach, ensuring that technology serves to enhance rather than detract from the personal, emotional connections that lie at the heart of every great customer interaction.
By leveraging AI in these strategic, thoughtful ways, you can create an Ultimate Customer Experience® that creates distinction for your business in a crowded marketplace.
In business and leadership, the pursuit of distinction and the delivery of the Ultimate Customer Experience® are paramount. Yet, a pervasive challenge that I’ve observed in several organizations threatens to undermine these objectives: the echo chamber effect.
This phenomenon, where similar thoughts and ideas circulate and reinforce themselves within a group, can stifle innovation and lead to a narrow-minded understanding of customer needs. This issue is particularly concerning in today’s diverse marketplace, where understanding and catering to a wide array of customer preferences is crucial for standing out and driving success.
The echo chamber effect is not just a social or political phenomenon; it extends deeply into the business world.
Leaders and teams often fall into the trap of designing products, services, and experiences based on their personal preferences and biases rather than on a deep understanding of a diverse customer base. This inward-looking approach can lead to the disconnect I wrote about in my book, “What Customers REALLY Want,” between what businesses offer and what their customers crave.
For instance, web designers may create complex, cutting-edge websites aimed at showcasing their technical prowess to peers, neglecting the ease of navigation and accessibility for the average user. Similarly, product developers might focus on features they find innovative or exciting, overlooking the practical needs and preferences of their target audience.
At some point, I think most of us have been on a website or using a product and thought to ourselves, “How do I work this damned thing?”
This misalignment not only hampers the customer experience but also erodes the competitive edge businesses strive for.
The echo chamber effect also reveals itself in the people we choose to surround ourselves with. In the quest for racial, gender, and other forms of diversity, it’s crucial to remember that cognitive diversity is equally important. Bringing together individuals who think differently, challenge the status quo, and offer unique perspectives is vital for fostering innovation that creates distinction and delivers ultimate experiences that resonate with a broad customer base.
Yet, often, businesses prioritize typical diversity metrics and ignore deeper, impactful cognitive and experiential diversity.
Breaking free from the echo chamber requires deliberate and strategic efforts.
It begins with cultivating a culture of curiosity and openness, where questioning and challenging the norm is encouraged.
Leaders must actively seek out and listen to voices that differ from their own, ensuring that decision-making is informed by a multiplicity of perspectives.
This involves not just listening to diverse team members but also engaging directly with a wide array of customers to understand their needs, preferences, and pain points.
Leveraging data and analytics can provide objective insights into customer behavior and preferences, helping to counteract subjective biases. Regularly testing and improving on products, services, and experiences with real users from diverse backgrounds can help ensure that you are meeting the actual needs of your customers rather than what you might presume those needs to be.
The echo chamber effect poses a significant threat to the creation of the Ultimate Customer Experience® and the pursuit of distinction in business.
By recognizing this challenge and taking proactive steps to foster diversity of thought, engage with diverse customer bases, and leverage data-driven insights, leaders can steer their organizations away from the echo chamber and towards a more inclusive, innovative, and customer-centric future.
This not only enhances the customer experience but drives sustainable growth and distinction in your competitive marketplace.
If we can assist you by bringing fresh perspectives and helping you escape the echo chamber, we would love to connect! Contact Shelley at shelley@scottmckain.com.
