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www.imaginellc.com thefastgrowthblog.com Travel Agencies & Libraries: A Manifesto for Change

Travel Agencies & Libraries: A Manifesto for Change

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Keynote presentation made to the Maryland Library Association on April 22. 2010

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Page 1: Travel Agencies & Libraries:  A Manifesto for Change

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Travel Agencies & Libraries: A Manifesto for Change

Page 2: Travel Agencies & Libraries:  A Manifesto for Change

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My First Question

What Am I Doing Talking To A Bunch of People Who Run Libraries

Wouldn’t My High School Media Director Be Proud?

Page 3: Travel Agencies & Libraries:  A Manifesto for Change

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What I Do For Companies:

✔ More Sales? ✔ Faster Sales?

✔ More Profit Per Sale?

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Page 4: Travel Agencies & Libraries:  A Manifesto for Change

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What Is Was A Salesperson?

Page 5: Travel Agencies & Libraries:  A Manifesto for Change

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Think About The Last 5 Years Trend

Noise In The World

Attention Available

Competition for Attention Budgets Loyalty

Page 6: Travel Agencies & Libraries:  A Manifesto for Change

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Think About The Last 5 Years Trend

Noise In The World

Attention Available

Competition for Attention

Budgets Loyalty

Page 7: Travel Agencies & Libraries:  A Manifesto for Change

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WHERE ARE WE?

Page 8: Travel Agencies & Libraries:  A Manifesto for Change

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What Did You Do 15 Years Ago

Information on an Air

Ticket

Information on a Stock

Research

Page 9: Travel Agencies & Libraries:  A Manifesto for Change

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Your Biggest Competitors

Page 10: Travel Agencies & Libraries:  A Manifesto for Change

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What’s Changed

Supply/Demand Access to

Information

Page 11: Travel Agencies & Libraries:  A Manifesto for Change

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So, What Can I Contribute

•  Quite a lot, actually. •  Peter Drucker said… •  Where Did It Break •  It Reminds Me of a Story

Page 12: Travel Agencies & Libraries:  A Manifesto for Change

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A Story

Page 13: Travel Agencies & Libraries:  A Manifesto for Change

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A Story

Page 14: Travel Agencies & Libraries:  A Manifesto for Change

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RELEVANCE The Moral of My Story

Page 15: Travel Agencies & Libraries:  A Manifesto for Change

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We’re Broke

Page 16: Travel Agencies & Libraries:  A Manifesto for Change

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RELEVANT & INDISPENSABLE

We Must Become

Page 17: Travel Agencies & Libraries:  A Manifesto for Change

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HOW’D WE GET HERE

Page 18: Travel Agencies & Libraries:  A Manifesto for Change

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Gödel's Law

You Cannot Understand a System From Within The System

Page 19: Travel Agencies & Libraries:  A Manifesto for Change

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A Brief History

Page 20: Travel Agencies & Libraries:  A Manifesto for Change

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In the beginning

Page 21: Travel Agencies & Libraries:  A Manifesto for Change

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The First Wave

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The Second Wave

Page 23: Travel Agencies & Libraries:  A Manifesto for Change

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The Third Wave

Page 24: Travel Agencies & Libraries:  A Manifesto for Change

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THE CHALLENGE OF THE TOO’S

Page 25: Travel Agencies & Libraries:  A Manifesto for Change

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Too Many Choices

Too Little Difference

Too Much Information

Page 26: Travel Agencies & Libraries:  A Manifesto for Change

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Have You Ever…

Page 27: Travel Agencies & Libraries:  A Manifesto for Change

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Page 28: Travel Agencies & Libraries:  A Manifesto for Change

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Knowledge Understanding

Information Data

Page 29: Travel Agencies & Libraries:  A Manifesto for Change

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Wisdom

Creating Context

How information impacts me in relation to the results I want to achieve at this

moment in time.

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Page 30: Travel Agencies & Libraries:  A Manifesto for Change

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Demand Fulfilment

95%

At/Below Market Growth Rates

The Commoditization Trap

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Page 31: Travel Agencies & Libraries:  A Manifesto for Change

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Demand Fulfilment

Demand Creation

95%

5%

5 - 10x Market Growth Rates

At/Below Market Growth Rates

The Commoditization Trap

Disproportionate Rewards

Page 32: Travel Agencies & Libraries:  A Manifesto for Change

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Demand Fulfilment

Demand Creation

95%

5%

5 - 10x Market Growth Rates

At/Below Market Growth Rates

1

2

3

4

5

The Unbreakable

Rules for Creating Demand™

The Missing

Structure

The Commoditization Trap

Disproportionate Rewards

Page 33: Travel Agencies & Libraries:  A Manifesto for Change

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MAKING IT HAPPEN

Page 34: Travel Agencies & Libraries:  A Manifesto for Change

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THE UNBREAKABLE RULES FOR CREATING DEMAND

Page 35: Travel Agencies & Libraries:  A Manifesto for Change

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Rule

Know & Understand Your Customer Better Than They Know & Understand Themselves

Page 36: Travel Agencies & Libraries:  A Manifesto for Change

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Rule

Identify The Critical Results & Identify the Barriers to Achieving Them

Page 37: Travel Agencies & Libraries:  A Manifesto for Change

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Rule

Create Value In Everything You Do

Page 38: Travel Agencies & Libraries:  A Manifesto for Change

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DOING SOMETHING THAT SOMEONE IS WILLING TO PAY MORE FOR.

Definition

Page 39: Travel Agencies & Libraries:  A Manifesto for Change

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FREE

Page 40: Travel Agencies & Libraries:  A Manifesto for Change

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Rule

Focus on The Problem – Not The Solution

Page 41: Travel Agencies & Libraries:  A Manifesto for Change

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What’s the Cost of Not Utilizing You?

Page 42: Travel Agencies & Libraries:  A Manifesto for Change

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THE 5 ACTIONS EVERY LIBRARY SHOULD TAKE

Page 43: Travel Agencies & Libraries:  A Manifesto for Change

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1 • Create a powerful message

2 • Engage, Engage, Engage

3 • Start a Blog

4 • Embrace Social Media

5 • Have Fun

Page 44: Travel Agencies & Libraries:  A Manifesto for Change

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5 Components of Message

1.  Simple The tennis ball theory

2.  Emotional (Story) 3.  Concrete (Anchor) 4.  Context (ME – Results – Now) 5.  Polarizing

Page 45: Travel Agencies & Libraries:  A Manifesto for Change

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It’s All About Story – What’s Yours

Page 46: Travel Agencies & Libraries:  A Manifesto for Change

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Commonalities

•  No focus on product features or benefits •  It’s about the customer •  It focuses on the problem •  It provokes •  It’s a story •  There’s an enemy •  It focuses on a key attribute

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Engage, Engage, Engage

Page 48: Travel Agencies & Libraries:  A Manifesto for Change

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Page 49: Travel Agencies & Libraries:  A Manifesto for Change

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Page 50: Travel Agencies & Libraries:  A Manifesto for Change

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Embrace Social Media

Page 51: Travel Agencies & Libraries:  A Manifesto for Change

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Make It Fun

Page 52: Travel Agencies & Libraries:  A Manifesto for Change

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My Promise

•  Have Fun •  Engage •  Sell your wisdom •  See the world through your customers’ eyes •  And •  The Future Will be Far Greater Than The

Past