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An Ernst & Young Entrepreneur of the Year 2010 and CEO of technology company Asperity Employee Benefits - Number 2 in the 2011 Sunday Times Tech Track, Glenn Elliott shares his thoughts and advice on starting a business, building a team and culture, focussing on clients and keeping investors happy.

After 14 years, 2 successful startups (plus a few failures "that didn't count"), an acquisition from a big bank and a £25m acquisition for his own business, Glenn's got experience and battle scars to share.

Running a business that services over 700 clients globally including many household names, he's built a business with an amazing culture (two stars Sunday Times Best Small Companies) and an amazing team of happy people servicing happy clients

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3 posts tagged Marketing Disasters

Why using real customers as references in B2C won’t add authenticity to communications.

It’s common in B2B sales for a potential purchaser of your services to ask to speak to client references, often from a similar sector to the prospect. It’s a good idea to get a real view from an existing client and, in fact, I don’t know why prospective clients don’t do it more.

It’s almost always at the very end of the procurement process as a final check - but in fact I think an extensive set of reference checks could be employed right up front at the start of the process and used as a key part of the evaluation.

I read on Anxietyindex it looks like at least one company, a small Finnish insurer called “If” is trying to see if real customer references can help them in B2C sales. Insurance, and financial products in general, seem to suffer from poor levels of trust - we tend to think all financial institutions are as bad as each other. So If has assembled a panel of 800 consumers, all users of its service, who are available to be contacted during business hours.

I wonder if this will help give transparency or if it’s just a gimmick to get PR (which it has succeeded in). I’d hazard a guess that the 800 customers are being incentivised somehow to at least compensate for their time and if they are that’s likely skew them to respond in a more positive light. Would you criticise a company that has chosen (and is rewarding) you as a brand ambassador? 

So while the idea of crowd sourcing a sales team is clever and original, I doubt whether it will add any authenticity to an already opaque industry.

BBC TV : Business Nightmares “Persil Power”

This is a copy of BBC Two’s Business Nightmares with Evan Davis show from 2009 - Episode 2 which majored on the product / marketing disaster Persil Power which had to be withdrawn from the market at great expense as it made holes in clothes.

It’s a good programme, but it almost misses what I think of as the main point of this story. It’s presented as Unilever’s marketing disaster, but actually I think it is really a demonstration of what happens if you create a chink in your armour that a competitor can exploit. It was actually Proctor & Gamble’s intense activity to stir up the media that caused the frenzy, and without them exploiting the situation there wouldn’t have really been an issue. Bear that in mind whilst you’re watching this otherwise interesting reminder of the whole situation.

If you’re too young to remember the Hoover “Free Flights Fiasco” then read this helpful marketing history lesson. There’s loads more on the net if you get interested in it.

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