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Lorazian Gold Podcast

Phogole Mphahlele

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The future of marketing for medical practices and small businesses in general. We share weekly insights on how to grow your business through proper marketing strategies. In the words of Brian Tracy, the purpose of marketing is to make sales redundant.
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Failure is not part of the success equation, but it is part of the success process. Walking doesn't include falling. Falling is included in learning how to walk. What trips us up is in seeing everybody around us walking and never falling so the first attempt at walking that results in falling we say "walking isn't for me." Walking is for you. Howev…
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Tony Robbins said something that reshaped my beliefs. He said "identity drives behavior." We will act consistently in accordance with who we believe we are. What is it, then, that shapes our identity? Because if this be true, then we don't have a behavior problem, we have an identity problem. Pain shapes our identity. Not necessarily the pain but h…
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Very often people first create the product or service and then finding marketing that fits the product. That is backwards. You need to create products that fit your marketing. You already have a particular brand image. People have a perception of you already. That will buy from you as long as you are selling products in line with their perception. …
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I actually wasn't going to share this recording but I couldn't help myself. Insurance companies and banks always have what they call contingency plans. They always account for the off chance that they may be wrong. However, marketers and entrepreneurs rarely use this tactic. They rarely account for the off chance that they are wrong. But what if yo…
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Would it have really made a difference had Apple's logo been a half eaten apple or an apple with no bite in it at all? Or if Nike's logo was facing the other way? Probably not. You see the Apple logo is iconic not because of the way it looks but because of the story it represents. We spend far too much time worrying about how our logos look because…
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Prior to Facebook and Instagram there was Mxit. Now Mxit was really boring unless your friends were on it too. And so the frenzy around it grew. Amazing that we call these "social networking" sites but the minute we get onto them we look for what's familiar. We tell our friends and family about it because it is much better when we have people we kn…
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This equation was developed by the great Peter Drucker. In a disruption crazy world we have found ourselves developing businesses that are focused on one half of the equation and we're shocked why business failure is so high. Innovation is about finding a different way of solving an existing problem. Marketing is about finding the people experienci…
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Premium selling remains one of the least understood methods of selling because it often defies logic. Lamborghini, Apple, Angelo Galasso, Creed... the list is endless of premium brands in an industry where far cheaper alternatives exist. Premium product buyers buy very different reasons to the average buyer. They are people often willing to pay ext…
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Seth Godin gave a definition of a brand that I really loved. He said the value of a brand is the price people are willing to pay above the alternative. There are cheaper sneakers than Nike's but people are willing to pay for Nike's because Nike is a brand. Brands aren't born, they're created. A brand is no different to tribal markings. It is design…
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We've all heard of E-Commerce, that is selling over the internet. Then there was M-Commerce, selling over a mobile phone. R-Commerce is relationship selling. Selling that is birthed from a relationship that is established between consumer and brand. We may believe in love at first sight but not in proposal at first sight. Even though there may an i…
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Rolex, McDonald's, KFC, Apple... massive brands that STILL spend millions of dollars in marketing and advertising. Yet every now and then I'll bump into a small business owner who somehow believes they have a new product or service that doesn't need marketing. They literally believe their product will sell itself. My response to them is always, not…
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The two aren't the same. Though a branded product may be popular, a popular product isn't necessarily branded. A branded product isn't necessarily known by everybody. It is known by those who will value it and can actually afford to get it. As small business owners our focus shouldn't be spent in trying to be popular, but branded. Being positioned …
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The cost per client is how much does it cost you in terms of time, money and other resources to acquire a single client. If you run a business where a client pays you 2k a month for 12 months but it costs you 2k to acquire them would you pay that? Would be silly not to because you'd essentially be buying 22k for 2k. Understanding your cost per clie…
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People are convinced what they are is all they're ever going to be, but that's not true. They don't realize that just beginning to make different decisions you can have a totally different outcome. Problem is that everything we do resembles who we are and what we believe. If you don't think you can change, that means your business will never change…
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The great advertising giant, Claude Hopkins, would always say "the purpose of all marketing is not entertainment but sales." Today we seem to have shifted away from that. We seem to focus on entertainment and not so much the sales aspect. However, I still stand by the giant. I believe all marketing should centre around getting people closer to maki…
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Metacognition also known as thinking about thinking is a field of study that centres around what causes us to think the way we do. This study includes a study on cognitive biases. In business we often overlook these fields of study and are often shocked by the results we obtain. Metacognition explains what preceded the decisions that lead to the re…
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Very often in developing ads or making presentations we say to ourselves "if I was the client this is what I'd want to know and see." This is a skewed way of thinking because the client doesn't know what you know. The average client doesn't have the perceptions you have. It takes researching the average thinking of the client. What do they want? Wh…
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Business and marketing is a very long game. However, many give up simply because they had a slow start. But a slow start does not mean game over. Very often it's going to take longer than you expect. It is going to demand more than you thought it would. That company may only make that first million after 10 years and not 3 years like you'd thought.…
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The information being so readily available on virtually any subject one of the greatest assets an entrepreneur or marketer can have is transparency. Far too many wannabe entrepreneurs are swindlers. They add no real value to the marketplace and yet expect to be paid exorbitant amounts of money. That may have worked in the past but not in this curre…
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I think somewhere in the conversation about the growing irrelevance of marketing in the formal education set up, we somehow came to believe that no level of knowledge is required to properly market your business. Marketing, like any area of study, has its fundamentals that must be adhered to if you are to properly market your business. Without thos…
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Why a potential client says no: 1. Doesn't need the product or service2. Cannot afford the product3. Doesn't see the value of the product All of these three speak of a problem in your marketing and branding. The first two says you're targeting the wrong people. Change your target market. The last one says you aren't articulating the value of your p…
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How many times have you seen an ad on Facebook and your immediate response is "this person thinks we're stupid?" We live in a world where information has never been more abundant. The marketplace is more informed and unless businesses change the way they market to these people they will continue to repel clients with the same marketing they thought…
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