Why Every Entrepreneur Should Listen to Entrepreneurs Think Tank



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There are a lot of podcast to choose from.  We hope that Entrepreneurs Think Tank will be one that you add to your library.  As entrepreneurs, sometimes we can get so busy trying to build our business that we forget to reach out to our network to see if there is an easier and more efficient way to complete certain task.  This is where the Think Tank will come in.  We are building a community to support entrepreneurs on their journey to earning their first million dollars in revenue.

Tell your friends and colleges about Entrepreneurs Think Tank! The more we bring in to the community the stronger the information is that we will share with one another. This is a community that will celebrate your wins and help you learn from your failures.

 

BLACK FRIDAY DEAL – VIP PR Strategy Intensive

By now we hope that you have started planning for 2017.  

PR is changing and in order to really #GetNoticed it is necessary to change with the times.  The traditional press release is basically dead, influencers are able to spread your message as well as or better than traditional newspaper outlets, and video will play an even larger role in the 2017 brands that rise to the top.  We like to explain it as the Kodak case study.  Kodak did not want to change with the direction that its audience was moving. Therefore, what was once a top tier brand is barely seen or recalled. Many of our kids may not even know the Kodak brand.

My team and I put together this intensive that will allow you to set your self up for success in 2017 by going through significant strategic planning and measurable goal setting activities.

The intensive is tailored specifically to your needs.  Being that it is so brand specific, you will have to email us to receive the application for acceptance in to the program. We are only taking 5 VIP candidates in December. If you are interested or have questions, please email hello@selsienterprises.com.

 

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Has Ryan Lochte Damaged His Brand for Good?

The Ryan Lochte story has received a great deal of press.  Unfortunately, this is not the first time that we have see an athlete completely, publicly tarnish their image.

In case you missed it, Lochte stated that there were guns drawn at the heads of he and his teammates while they were in Rio for the Olympics. The video surveillance footage now shows a very different story and everyone from the US Olympics committee to the brands that he was associated with are now second guessing their relationship with Lochte.

According to US Weekly, Lochte has lost all of his sponsorship’s and is now scheduled to appear on the TV show Dancing With The Stars. We find this quite interesting.  This is obviously a PR stunt to improve the damage that has been done to his image.  His PR team probably wants him to come across immature, but still someone that can be adored.

This story has brought about a lot of emotion. Check out this exchange between Al Rocker and Billy Bush on the Today Show:

From a PR standpoint:

If you find yourself on the PR team of Ryan Lochte, how do you fix this situation?

Step 1: He has to own it! Live streaming would actually be his best friend right now.  He needs to authentically come out and consistently apologize. Live streaming would force him to answer some very tough questions from the public, but this will allow people to get their frustrations out and move on.

Step 2: He needs to go back to Rio and apologize face to face to the security guard and to the officials that may have been involved.

Step 3: He also needs to personally visit and apologize to his teammates. This scandal stayed in the media circuit and has really taken away from what the Olympics should have been.

Step 4: He should do some PSAs directed towards kids on why lying is bad and look at the consequences that he had to suffer.

Remember, when a brand looks to bring on a spokesperson, they do not only look at their past…but they think 3 to 4 years in advance on how the consumer may view this individual.  They put their brand image on the line when partnering with any type of influencer. When this person tarnishes their public perception, it has been proven best for the brand to cut ties (at least for a couple of years).

The lesson for us as entrepreneurs, public figures, and brand managers is that we must ALWAYS protect our brand.  It is the legacy to which your consumers will stay loyal to you.

What suggestions do you have for the PR team of Ryan Lochte? Leave your feedback in the comments below.

Testing The New Periscope Embed

We always love to see updates from Periscope as they work to compete with Facebook Live. The embed feature is one that I could not wait to try out. There is so much potential for repurposing content with this update. What I love best is that it’s very easy to do even from my iPad!

Every Realtor Should Be Using Live Video

There are several industries that perform well on live video, but one that we see that is truly missing the opportunity are realtors that are scared to hit the start broadcast button. Realtors have an opportunity to use free apps like Periscope and Facebook Live to show properties to people that may not even be in the market to buy, but fall in love with what they are showing via the live stream.

Click here to sign up today!

Here are 4 quick uses of live video for those in the real estate industry:

  1. Home Tour – People love looking at the inside of homes even if they are not shopping for a home. On a broadcast that allows you to have a global reach, your buyer can now be anywhere in the world.
  2. Provide a Neighborhood Tour – One of the deciding factors for a home buyer is what does the area around the home look like. They want to get a sense if the area is kid friendly, pet friendly, or even just safe for them to take an evening walk. This is something that can easily be shown.
  3. Conducting Client Interviews– It’s always great to share the comments of your happy customers. These testimonials go along way because it is not just you bragging about your good work. It is now someone else giving you an endorsement.
  4. Discuss Trends in the Market – Sitting with other experts in the industry and chatting about what is trending showcases you as an expert. It also allows you to collaborate with another strong realtor. Building these relationships can prove to be very beneficial and it shows that you are staying up-to-date with your area of expertise.

If you are a realtor in the Alpharetta, Georgia area, we have the perfect training for you! Come learn how to be a social media rock star on July 25th. We will show you how to strategically leverage Facebook, Twitter, Periscope, and Pintrest to grow your pool of leads. And, as a free gift we will perform a complimentary social media audit on your current use of social media. There are only 10 slots available. Sign up today! Click here to go to our sign up page!

UPDATE: Next workshop is on Aug 22nd.  There are 2 time slots available. See you there!

4 Reasons Why the Pokèmon Go Craze is GREAT for Entrepreneurs 

People have been found playing PokemonGo in the delivery room.

App developers around the world are sure to be in awe of the Pokèmon Go craze that has excited people around the globe. No one could have predicted the volume of interest in a gaming app even if they had the best predictive data of all time. The game has nostalgia, challenge, and a little bit of new technology all rolled in to one. This seems to be a winning combination!Here are some recent facts about the game:

  1. Initial release date was July 6, 2016.
  2. The game was developed between a partnership with Nintendo and Niantic.
  3. Nintendo has sold more than 277 million Pokémon games to date, over 21.5 billion trading cards in ten languages, and made seventeen feature films over the past two decades.
  4. Pokèmon actually means Pocket Monster.
  5. In less than a week after its release, Pokémon GO is reportedly bigger than Tinder in the US.
  6. According to SimilarWeb the Usage Time of Pokémon GO is taking up a lot of its user’s time. On July 8th, the app was being used an average of 43 minutes, 23 seconds a day. This is higher than other popular apps like Whatsapp, Instagram, Snapchat, and Messenger.
  7. In less than a week, Pokèmon Go has had 6 million mentions on Twitter. (Adweek)
  8. According to Spreadfast, the most popular cities for the game are Culver City, Calif.; Houston; Chicago; San Antonio; and Manhattan were the buzziest locations, according to the company.
  9. Several brands have been caught tweeting about the game. Check out tweets from Southwest Airlines, KFC France, Sprint, Walmart captured in the article from Adweek.
  10. Nintendo has sold more than 277 million Pokemon games to date, over 21.5 billion trading cards in 10 languages, and made 17 feature films over the last 20 years. Time will tell how Pokemon Go matches up to those numbers. (Pocket-Lint)

If you are confused on how to play and the terminology being used, Pocket-Lint has the best write up I have seen to date. Spend a few minutes here to get a better understanding.

If you are an entrepreneur, here is why you should pay attention to this phenomenon:

  1. Follow The Eyeballs – As Gary Vaynerchuck says, you have to figure out how to Day Trade Attention and at this moment, the world is paying attention to this game at the moment. This is one of the best news jacking opportunities that a business owner can jump on at the moment. Remember to add the hashtag #PokèmonGo to your post.
  2. Promote!  Promote! Promote! – You can create a promotion around the Pokèmon brand and get awesome reach without having to pay to boost your post. Many are advertising the fact that they have a Pokèmon stop near their business.  The discounts that they are giving to patrons are extremely creative and a lot of fun. This type of promotion is a great way to introduce yourself to a new audience.
  3. Market Research – The Pokèmon craze gives you a sense of what those around the globe are finding interesting.  Game play, nostalgia, mobile, getting outside, learning about a variety of landmarks, and the list could go on and on. Take note of how you could apply this to your business. Do you have an app that you are creating? Can you incorporate some of these elements in to your app? Can you add some sort of game play to a promotion that you are running? Now is the time to think out of the box and capitalize on this new platform that is only going to grow.
  4. Stand Out From The Crowd – Pokèmon Go is one of the first virtual reality mobile games that have been successfully created. This is the first of many more to come. To date, we are already seeing some copy cat apps trying to ride the wave. If you feel something in your gut, go for it.  Pokèmon Go actually started from employees at Google working on their side project.  Ultimately, Google decided to let them go because they thought that it would be better for the growth of their company to be a stand alone.  As they say, the rest is history.

Pokèmon Go is actually celebrating 20 years.  Be sure that you check out their celebratory website and post your favorite memories from Pokèmon over the years using the hashtag #Pokemon20.

Take a look at this video from The Verge that will really take you back through the Pokemon history.

The High Museum of Atlanta Presents The Rise of Sneaker Culture

The High Museum Of Art Atlanta has a very creatively displayed 155 sneakers that have origins dating back to the mid-nineteenth century. This exhibition is a ‘Sneakerheads’ heaven. The shoes are displayed with descriptions and years of the time that they were created.


What is most interesting to do while at the exhibit is to watch someone reflect back on a pair of shoes they see that they may own, what they were wearing with the shoes, and even such memories as how they used a toothbrush to keep the shoes clean.

Sneakers have been a part of the hip hop culture for quite sometime. Many feel that when they select a sneaker to wear, they are making a statement as they round out their outfit with a nice pair of “Kicks.” RUN DMC made a statement that led to one of the first marketing collaboration with their 1986 hit My Adidas. 

This basically boils down to a very successful influencer marketing strategy that still works today. Here is how to story goes of how the partnership came to be:

Setting the scene – Adidas was not a very popular brand among kids in the early ’80s. At the time,  Fila and Reebok were bigger. But, this song made it the apparel of choice. RUN DMC had the good fortune of being managed by Russell Simmons and in early 1987 when this song became a crowd favorite, he arranged for executives from Adidas to attend a show. Before performing this song, DMC (Darryl McDaniels) asked the crowd to “show us your Adidas,” and about 3,000 audience members lifted their sneakers for display. Extremely impressed, the Adidas executives signed a $1.6 million deal with Run-D.M.C. and created their own line of laceless footwear.

To this day, RUN DMC still makes money off of this deal. And, they have opened the door for so many that have come behind them.

Michael Jordan’s story is also an interesting one when it came to the elevation of the Air Jordan and the relationship with Nike that almost did not happen. This Bleacher Report video shows that Jordan’s mom had to make him go speak with Phil Knight and the team at Nike in Oregan. Remember, in 1984 Nike was basically a start up, entrepreneurial company. What ultimately sold Jordan on the idea to go with Nike was their ability to creatively think outside of the box in how they would portray the brand.

Marquis Henderson enjoying the exhibit

This exhibition originated at the Bata Shoe Museum in Toronto, Canada. You can see from their site and the images below that they have a passion for all types of shoes.


The High Museum is of coarse more then any one installation. From the art lab for kids to the interactive installations on the Carroll Slater Sifly Piazza, this is an excellent destination for families, couples on date, or simply someone who wants to take it in on their own.

Sage having fun in the Art Lab

The Business Take-A-Ways:

  1. Find brands that you can parter with in an arrangement that is mutually beneficial.
  2. Track your data. Brands want to see the numbers behind any influencer strategy that they may consider. Remember, it’s more important to garner engagement as opposed to numbers that you can not move to action.
  3. Like Jordan, don’t be afraid to push the limits of creativity to stand out from the crowd.
  4. Find ways to blend your story in to the narrative of culture. This technique will make your product or service part of the conversation for a lifetime.
  5. It’s ok to go with the underdog when trying to partner with a brand. You never know where that journey may take you.

The Rise of Sneaker Culture is on view through August 14th.

The BET Award Show was LIT!

From the moment the 2016 BET Awards show opened with Beyonce to the after party where DJ Khaled released his new video, this awards show will be remembered as one of the best productions that BET has produced in many years. Even with all of the fun that was being had during the entire awards show experience, the bottom line is that this show was about business and each of the artists and actors that were on the show used the global platform to promote the projects that they had coming next.

We will explore The BET Award show from the business aspect.

The PreShow

Typically, you see newer acts perform during the preshow.  Acts that perform here are trying to break from being considered a newbie. So, although you have an act signed by Puff Daddy, they still have to work their way on to the main show. Diddy understands promotion and marketing on a level that many have been educated in marketing still do not get to this day. His act performed, he made an appearance in the audience, and he shared it out in social media.

The lesson for entrepreneurs here is not to be afraid to use a testing ground before you hit a ‘MAIN’ stage.  This will allow you to do some preliminary research before you release to the masses. But, when you do testing like this, its best to bring your A Game.  Testing out your B Game is a complete waste of time.

The Opening

 

Beyonce has not graced a BET Awards Show stage in many years, but this year she used her presence to the fullest. Sisters Chole and Halle Bailey, one of the first signees to Beyonce’s Parkwood Entertainment, were able to have a prime time for performing during the show.

The lesson here for your business is to always think about how you can negotiate to the benefit of your business. BET is going to benefit heavily for at least the rest of the year from Beyonce’s performance. So, in return, she has the right to also gain a little extra for her time to prepare and perform on the show. The searches that their website will get, the buzz that is created because of her performance, the boost to the BET brand is all things that Beyonce can bring to the table and deliver on.

What you have to do is to understand what you are bringing to the table to use as leverage as you negotiate for your business?

The After Show

DJ Khaled, who has a highly engaged Snapchat following, was allowed to perform at the PreShow and also promote the fact that he was releasing his new video that features JayZ and Future. What you have to remember is that DJ Khaled is a DJ, not a rapper, but he has a HUGE rap album with a mega collaboration being released.

There is a lot of business behind this act from numerous directions. The first element is that DJ Khaled can now be considered an influencer on Snapchat. The idea that he will be promoting the BET Awards show and the release of his new album on his Snapchat channel is a WIN for BET.

Secondly, DJ Khaled is touring with Beyonce on the Formation World Tour. JayZ looked at this as an AWESOME way to THANK DJ Khaled for stopping what he was doing to tour with his wife.  But, it really was a WIN-WIN-WIN for all involved.

Think about ways that you can collaborate with other business owners that can make for a mutually beneficial situation where everyone wins.  These collaborations have benefits that go beyond that of the actual act.

 

Perspectives: Women, Confidence, & Success

You might look at these 3 words and say where is she going with this article OR … you may look at these words and say that you know exactly how intertwined these words can be for women.

Question: Do you know how to exude confidence?

Over the past week, I have attended a number of women’s conferences and leadership events. And as you may expect, there are several common themes that I can pull out as jewels for women business owners.

First and foremost, as women we must learn how to boost our own confidence. In order to have a higher level of success, it is critical to take risk, raise your hand to be heard, and take on leadership roles. One thing that many of the keynote speakers noted was that you typically do not see men afraid to voice their opinions. It’s almost equivalent to Michael Jordan being scared to take shots. If MJ was scared to fail at taking some of the shots he did, he possibly would not have won all of the championship rings.

Growing up, many of us were taught that our looks do not matter…that what matters is on the inside. Unfortunately, we are in a society that makes its impression based off of how you look. I am not talking about perceived beauty, I am referencing the idea that you should do the best you can with what you have to present yourself appropriately for the role you seek. If you are seeking to work in the ‘corner office,’ than you need to ensure that you present yourself in a manner that those making that decision can visualize you in that role. Being well groomed can be done at any price point with a little effort. When you look good, you feel good!

Define what success means for you! When you take a look at women that have obtained an extraordinary level of success, you see a confidence that they have developed over their journey that can not be shaken. They walk with confidence, they dress with confidence, and the speak with confidence. They have also mapped out what success looks like to them. They have an end goal in mind and a plan to get to it. The major key here is that these women do not allow anyone to shake them away from their end goal.

Self doubt can be crippling! It can actually keep you from releasing your gift to the world. As women, we benefit from hearing the journey of other women. Be mindful of your circle friends. Ensure that these friends are the ones that will lift you up and constructively criticize you when necessary. Also, take the time to invest in yourself. Have you ever taken note of how you feel when you leave a conference and a dynamic woman speaker has just left the stage. There are times in your journey when you need to be around this additional knowledge so that you can grow to your next level. 

In all actuality, that same feeling that you get from attending an awesome conference is one that you can give to other women by sharing your story and living in your purpose. You simply have to have the confidence to do it!

Spot The Story

As an advocate of your brand (be it corporate, entrepreneurial, or personal) you have to be able to spot stories that are around you. This skill may not come naturally, but you can train yourself to do it.

First understand that something in your average day may not be so average to someone else. Your shopping mall may look interesting to someone else in a different part of the world, your meal preparation techniques may be different then someone in your own neighborhood, someone may have no idea how you do what you do in your business. Each of these activities are stories that go behind the curtain (so to speak).

Spotting even the most basic story may lead to a viral push for your brand or message. Consumers are now more drawn to the story of people than a logo. Once the authentic nature of your brands story is told, then you will begin to attract an audience to you that remains loyal to your brand.
Everyone has a story….

So often we hear the complaint that I don’t have anything to share. My answer to that complaint is simply, “YES, everyone has a story and many of us tend to pass by all of the stories that are right at your fingertips.” Start with sharing your journey. How did you get to the point that you are at today. Better yet, WHY are you at the point that you are at today? When you share your WHY, you will be surprised how the right people gravitate towards you.

The obstacles that you faced and the lessons that you learned from those obstacles are all great sources for content. This is content that may find someone stuck in their journey and really help them through a tough spot.

Also, consider sharing the real benefit from what your product or service will offer along with what problem it actually solves. This will require true authenticity on why someone would need to purchase your product or service if you can clearly state what “problem” you are solving.

Additional ideas on creating content around your brand….

1. Look at sharing your milestones (i.e., your business anniversary, your birthday, a move to a new building)

2. Check the trending list on Facebook and Twitter. These list can give you an idea of what the “majority” of people are interested in. Figure out ways that you can tie in your story to stories that already have a bit of virality.

3. Share info about the people in your organization. This is a win all the way around. People love recognition and the people outside of your organization will love to learn who makes your organization tick.