The Entrepreneur Life

Tag: technology

Crafting Powerful Stories in Tech Marketing

It doesn’t need any marketing. The technology sells itself.” 

That was our CTO at a nearly billion-dollar firm talking to our sales folks. This was back in 1999. The marketers in the room, including me, looked at one another and tried not to roll out eyes.

As Don Draper famously put it “Technology is a glittering lure!” So it is easy to fall into the trap that customers will be just as enamored of it. 

Ok, here’s the bad news. Technology does not sell itself. 

Stories are what sell whether the brand, a person, a product or a service. 

Good stories usually have a protagonist that the customer can identify with.

It can be someone the customer relates in their present role, whether as a project or sales manager or parent. Or aspires to be such as an athlete or leader or awesome human. 

Great stories are ones that they can make their own and retell!

Don’t get me wrong. Stories, however great, aren’t going to create sustainable demand without real substance in your product, service or offering. 

The customer should not only benefit but it needs to be apparent to them how they will benefit.

And they shouldn’t need a 1-unit college course to get it! 

This is the power of well-crafted stories. They meet three needs:

  • Relatable through empathy with the customer and their problem or need, 
  • Relevance how they will benefit and a vision of what the future is
  • Reason addresses why you are the right companion for the journey from here to there 

As you’ll see in the famous scene from Mad Men where Don Draper pitches to Kodak why their product isn’t a wheel but a carousel!

What I’ve been reading this last week

books-education-school-literature-51342.jpegAs with so many other folks,  I’m trying to spend less time on my phone and computer reading the news obsessively. Yet there’s ever more great reading out there and accessible in ways we haven’t had before. But discovering, reading, assimilating and internalizing even a fraction of what we’d like is hard.  Yes, technology like Pocket and GoodReads help, but it’s still a firehose.

Om Malik, tech journalist and blogger extraordinaire has always been a regular source of great readings as has Brad Feld, venture capitalist, and all-around inspiring human. Inspired by their example, I’ve resolved to share interesting things that I’m reading each month. Hopefully, you’ll find it interesting and useful. Share your own thoughts on what you’ve been reading and enjoying.

Practice learning from history  Despite trying to maintain a reading diet low in politics, I found this piece I’m a law professor, and I teach my students how to destroy American democracy by Ozan Varol fascinating. Despite its click-bait title, Ozan’s premise draws from a business strategy formulation process at Merck. CEO Kenneth Frazier wanting to promote innovation asked his employees “to generate ideas to destroy Merck and figure out how to put Merck out of business. The executives then reversed their roles and crafted strategies to avert these threats.

When Ozan had his class run a similar exercise, he states “The exercise made the urgency of action clear. In this century, the threat to democracy will come, not from military coups or openly repressive dictators, but from elected politicians in seemingly democratic countries who gradually roll out an authoritarian agenda. The students realized the importance of remaining vigilant against these strategies and actively resisting them through legal, political, and social means.” Read the full piece here.

“What privacy?” in the era of Alexa Om is the one who turned me on to this Gizmodo article  The House That Spied on Me by Kashmir Hill and Surya Mattu. On one hand, I was fascinated by how much a journalist is prepared to do and (over) share for a story and on the other scared witless by the amount of data that’s being gathered and shared shredding any last illusions I had about privacy. The scariest part for me personally is the sheer number of my friends, who seem to have made Alexa and her competitors an integral part of their lives. Read the full piece here.

Before the rest of us feel too comfortable read this bonus piece on how fitness trackers share information that you might not want them to.

Skilling ourselves One of the joys of working young people is that I learn a lot from them. In turn, you get to see them handling, sometimes better and at other times no worse, issues we’ve faced in our own lives. Of course, a common question that pops up from nearly everyone – from young adults to middle-aged folks, is the issue of what do I want in life? I found this article on Don’t Know What You Want? Improve These 7 Universal Skills by Darius Foroux quite useful. If like many others you’re still looking for your true purpose. Check out the complete article here.

In summary

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