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The Quintessential Survival Guide in the Corporate Quagmire! | |
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Hows Your HUB?
Marketing gurus are always coming up with new lingo but oftentimes they are restating the old tried and true concepts in new terms. Marketing students from the 70's and 80's will be familiar with the acronym USP. USP stands for your "Unique Selling Position" and it should be the cornerstone of your marketing. Today they use a different acronym and talk about your HUB. HUB is a good one because just like the hub of a wheel, the image is that your HUB is at the center of your all of your marketing. HUB stands for "Hottest Undeniable Benefit". What is the single most benefit that you provide for your clients? At Shamrock Business Coaching it is "increasing profits". Maybe you are in a highly competitive retail item business and the thing that distinguishes you from all the rest is that you provide "FREE overnight delivery". Maybe you have the worlds largest tech warehouse and you can make the claim unlike others that you "stock every computer part imaginable". Hottest Undeniable Benefit. Once you know your HUB it truly should be the center of your marketing. All of your marketing. Web site, informational brochure, postcards, flyers, promotional products, newspaper and radio ads....everything should include this HUB consistently. Even the way you market or introduce your self. Instead of saying "Hi, I'm Sam. I work in a warehouse", say "Hi, I'm Sammy Spade and I help computer geeks find any part they could ever need." Mike Shannon is the owner of Shamrock Business Coaching, a coaching practice that helps business owners increase profits. You can visit Shamrock Business Coaching on the web at: http://www.ShamrockCoaching.com.
MORE RESOURCES: Obama: U.S. can't afford to extend tax cuts for rich (Reuters)
Obama: Democrats in trouble if election based on economy (AFP)
Obama sees Democratic pain if vote hinges on economy (Reuters)
Wind-whipped fires add to Detroit's economic woes (AP)
Panel examining recession's causes meets in Vegas (AP)
More stimulus needed for economy: Geithner (Reuters) Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States needed more incentives to stimulate job growth and bolster a slow recovery from a "savage" recession. Fed survey sees slower growth in East and Midwest (AP) AP - The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest. Summary Box: More places see slower growth (AP) AP - ECONOMY LOSES SPEED: A Federal Reserve survey found "widespread signs" that economic growth had slowed in the late summer. Obama seeks to mend frayed bond with voters (AFP)
Highlights from the Fed's latest economic survey (AP) AP - Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts. Consumers cut back on credit card use once again (AP) AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound. Fed sees 'widespread' signs US economy is slowing (AFP)
A look at economic developments around the globe (AP) AP - TOKYO — Japan's machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery. Geithner: U.S. scarred by "savage" recession (Reuters) Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States is recovering slowly from a "savage" recession that has caused deep job cuts and a loss of confidence. Fed report shows widespread signs growth easing (Reuters)
Obama tells Ohio audience of own family struggles (AP)
Fidel Castro says Cuban model no longer works (Reuters)
Summary Box: Canada ups key interest rate to 1 pct (AP) AP - BANK OF CANADA UPS KEY RATE: Canada's central bank raised its benchmark interest rate by a quarter point to 1 percent, after similar moves in June and July. (AP) AP - Consumer borrowing falls again in July as credit card use falls for 23rd straight month. Hungary won't seek to renew IMF, EU loans (AP) AP - Hungary will not seek any more loans from the International Monetary Fund or the European Union and will be able to meet its financing needs by selling bonds to international and domestic investors, Economics Minister Gyorgy Matolcsy said Wednesday. |
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