Wizard of Ads Monday Morning Memo

Roy H. Williams

Thousands of people are starting their workweeks with smiles of invigoration as they log on to their computers to find their Monday Morning Memo just waiting to be devoured. Straight from the middle-of-the-night keystrokes of Roy H. Williams, the MMMemo is an insightful and provocative series of well-crafted thoughts about the life of business and the business of life.

  1. 10h ago

    Paint Jobs Don’t Win Car Races

    Road Atlanta is a famous roadracing track 800 miles from Tulsa, Oklahoma, a grueling trip to make in the back seat of a 1972 BMW 2002.Tony and Indy ride in the front seats. Pennie and I ride in the back. We stop only for gas. Arriving in pre-dawn Atlanta, we get a few hours sleep, then go down to the track where 67 racecars are parked in the dim sunlight of a misty morning. We are invited to examine all 67 of the racecars. At the end of 40 minutes, Tony points to car number 52, a 1978 Buick Skyhawk. He says, “Unless the driver sticks it into the wall or the engine explodes, that’s the car that will win.” I looked at number 52, then glanced around at all the other cars and said, “Why?” Tony said, “That’s a ten-thousand-dollar paint job, and paint jobs don’t win races.” “You’re telling me that the owner is an idiot. So why do you think his car will win?” Tony slowly shook his head, then said, “The fact that he spent $10,000 on a paint job lets me know that he spared no expense doing everything that matters. This guy did hundreds of important things to this car before he gave a single thought to the paint job. This paint job was the very last thing he did.” When I understood what Tony was saying, I repeated it back to him. “The fact that he has spent a ton of money to repaint a brand-new car that was already beautiful means that he has already done everything else that could help him win this race.” Tony said, “Ten-thousand-dollar paint jobs don’t win races.” I nodded my head, then we silently climbed the hill where we would sit to watch the race. The track at Road Atlanta is two-and-a-half miles of hills, valleys, winding curves, and long straightaways that eat most of the cars and drivers who dare to place tires on its asphalt.A grass-and-tree-covered park sits in the center of that fierce track like a glittering jewel. This is where we will sit on blankets and watch cars fly past at startling speeds as 67 drivers try to outdistance each other for 6 screaming hours. At the end of the appointed time, only 24 cars remained on the track. Number 52 won by an impressive margin. A client said something to me three weeks ago that triggered my memory of standing on that racetrack with Tony 48 years ago. When a young client said that he was thinking about spending a huge amount of money for new truck wraps, I was instantly transported back to that track, listening to Tony explain why the car with the $10,000 paint job would win the race. My client owns a fast-growing home services company that sends technicians to houses to fix things that are broken. He has only been in business a few years. I accepted him as a client because I saw that he had already begun doing the things that will take his company higher than the tops of the mountains that surround him. When he told me that he was thinking of investing a shocking amount of money to have his service trucks re-wrapped, I asked, “Why?”He said he had read a list of extremely successful companies who had all used the same graphics house to design their new truck wraps. I asked, “Was it the owner of the graphics house that compiled and published the list?” My client said “Yes.” I said, “I once went to an Italian Restaurant in Weehawken, New Jersey that had a prominent sign in the foyer that said, “This Dining Establishment is Highly Recommended by its Owner.” We both laughed. Then I said to my client, “Paint jobs don’t win races and truck wraps don’t grow companies. The owners of every company on that list had already done everything they could do that would make a difference. When they had run out of ways to spend money on things that actually matter, they decided to get an expensive paint job.” Then I concluded my counsel by saying, “You own this company. I do not. My job is to help you do whatever you choose to do. If you feel like you have already done everything that you know for sure will make a difference, then spend the money for the truck wraps. But don’t think that those companies became successful because of their truck wraps. Those companies became successful because they had already done everything else that matters.” I do not yet know what my young client will choose to do. But I do know two things: He is smart, hard working, and is outdistancing all of his competitors.Paint jobs don’t win races. Roy H. WilliamsRon Robinson says that successful organizations continuously evaluate their vulnerabilities, engage employees in solving problems, and remain flexible as conditions change. Listen as Ron describes to roving reporter Rotbart his four-step framework for anticipating disruption and responding before challenges become existential threats. Ron’s goal is straightforward: Help leaders weather the storms of uncertainty and emerge stronger in their aftermath. A storm is definitely coming. Escape that storm and emerge stronger at MondayMorningRadio dot com

  2. Jul 13

    What the Bible Teaches About Advertising

    I received an email last Thursday from my friend Doug Burdon in which he mentions a story told by Jesus. That story is often called “The Parable of the Sower and the Seed.” The story goes like this: A farmer is slinging seed.Some of the seed falls on the compacted soil of the pathway where the birds came and ate it.Seeds fall on rocky soil where it spouts, then dies because the soil is thin.Some of the seed falls among thorns where it sprouts, then gets choked out by the aggressive weeds.Seeds fall on good soil where it returns a massive harvest. Doug referred to that story to make an altogether different point than the one that I am about to make, but I think that there is a solid chance that Doug would agree with me. Look at the sower of the seed as an advertiser, and the seed itself as the message that his advertising contains.You will notice that Jesus did not say, “Target the good soil.” (He does not say it in Matthew 13, He does not say it in Mark 4, and He does not say it in Luke 8.) Think about that for a moment; a pathway is easy to see. Rocky ground and thorny patches are likewise obvious. Why did Jesus NOT tell us to avoid spreading seed in places where it is unlikely to grow? Why did Jesus NOT tell us to target the good soil? (Yes, I am talking to you about the wisdom of using un-targeted mass media to spread your message. The consistent, long-term use of broadcast television and broadcast radio continues to be wildly effective even though they reach the untargeted, unfiltered, unwashed masses.) I am convinced that Jesus was familiar with the book of Ecclesiastes, which was written hundreds of years before He was born. These are the high points of what you will find in the first 6 verses of Ecclesiastes chapter 11. “Ship your grain across the sea; after many days you may receive a return.” [Translation: Don’t fall into the trap of short-term thinking – RHW] …”Whoever watches the wind will not sow seed. Whoever looks at the clouds will not reap a harvest. But you do not know the path of the wind… Sow your seed in the morning, and in the evening do not let your hands be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well.” In other words, “Quit trying to know the end from the beginning. Energetic activities are more far productive than data collection and analysis.”Do not fall into the trap of short-term thinking. Sow the seed, sow the seed, sow the seed. Do not try to target the good soil. Sow the seed, sow the seed, sow the seed. Do not worry about whether or not “this” is the right time. Sow the seed, sow the seed, sow the seed. Quit thinking that you have the ability to predict the future. Sow the seed, sow the seed, sow the seed. Perhaps my beliefs are completely wrong, but if they are, then it would appear that Jesus and Solomon were wrong, too. Roy H. WilliamsColin Hodge knows that rapid business growth begins with understanding why customers think, choose, and behave as they do. Colin applies practical insights from psychology to strengthen customer loyalty and make better decisions through continual experimentation. As he tells roving reporter Rotbart, this mindset proved essential after his first successful app was abruptly pulled from Apple’s app store, forcing him to start over. Today, Colin’s company is back on Apple and has more than 17 million users. His story demonstrates how every setback can become the springboard to even greater success. Are you ready to run down that springboard, bounce high into the air, and reach for the stars? If your answer is “Yes,” the place for you to be is MondayMorningRadio.com.

  3. Jul 6

    Elon Musk Wants to Sell Me a Tire

    Dear Elon,Congratulations on your initial public offering of SPCX. Google’s AI says, “The blockbuster debut briefly made Elon Musk the world’s first trillionaire on paper.” The words “briefly” and “on paper” dim the dazzling brightness of the word “trillionaire” a little, but still, it’s a pretty big deal. I’m sure that Errol and Maye are super-proud. You’ve come a long way since you started Zip2 with your brother, Kimball, in 1995.Who would have ever thought that a company that created online city guides for newspapers would sell for $307 million after just 3 and 1/2 years in business? Your 7% was only worth $22 million, but still, that’s a lot of pocket money for a 27-year-old boy. Your decision to partner up with Ed Ho, Harris Fricker, and Christopher Payne to create “X,” and then merge with your biggest competitor so that all of you could survive the bursting of the dotcom bubble, well, that was another brilliant move. It worked out well for Max Levchin and Peter Thiel, too. You and Thiel and Ho, Fricker, Payne and Max created Paypal at exactly the right time. Well done, all of you! But of all your accomplishments, the one that impresses me the most is the frictionless website that you built to sell cars.Every Tesla owner that I have ever met has admitted to being marveled by how easy it was to buy a new Tesla. Five minutes online and $500 on a credit card leaves the customer sitting there, mildly stunned, asking themselves. “Did I really just buy a car? Can it really be that easy?” Elon, when people marvel at something, the thing that marvels them can rightfully be called marvelous. Elon, your Tesla website is marvelous. And the car is marvelous. Except for one thing. Can we talk about that one thing for a moment?Shortly after my wife Pennie bought her Tesla, I saw that we had a sheet rock screw embedded in the center of the tread in the right rear tire. Pennie said, “No problem, Tire Service is one of the things that my Tesla app says they can do right in our driveway.” So she pulled out her phone and quickly ordered and paid for Tire Service. When the tire guy showed up he said, “Yep. That’s definitely a sheet rock screw and it’s definitely an easy fix, but I can only do tire rotations. Take this to the Tesla service center and I’m sure they will do it for free.” When Pennie got back from the service center, she said that your service manager told her that the tire could not be fixed because it had a scuff on the sidewall, so he sold her a $400 new tire. Obviously, I should have gone with her. Was she cheated out of $400? Yes. In my opinion, she was cheated out of four hundred dollars. Have we been cheated by other people for more money than that? Yes. Life goes on. Elon, you and I both know that no car on earth – not even your Tesla – is equipped with onboard sensors that can monitor the depth of the tire tread on a tire. So I can only assume that this annoying “tire tread” warning light that has been front-and-center on our dash ever since she visited your service center was most likely put there by the same aggressive salesman who already sold my wife a tire that she did not need. I’m sure you can understand why I will never visit another Tesla service center. Can we resolve this like honorable men?Elon, I will Venmo you another $400 if you will tell your service manager to press the button that will make the annoying “tire tread warning” light disappear from the dash of my wife’s car. You can keep the tire. I don’t need it, just like I didn’t need the first one. But I really do need that annoying dash light to go away. I will even Paypal you the $400 if you prefer. Again, congratulations on briefly becoming the world’s first “on paper” trillionaire. – Roy H. Williams

  4. Jun 29

    Business Boundaries and Walls

    There is a big difference between a boundary and a wall. A boundary is a friendly agreement that keeps people from going too far. But a wall separates people. A wall isolates people. A wall keeps people away. In business, there are few things more important than the management of expectations through the use of clearly-worded boundaries. In business, these boundaries are called “up-front agreements.”An “up-front agreement” clarifies – at the very beginning of the relationship – what is INCLUDED, and what is EXCLUDED. It lets everyone know what they CAN expect, and what they CANNOT expect. “Up-front agreements” are how you establish boundaries with your customers. Boundaries are friendly. Walls are unfriendly. When you tell a customer “NO” by announcing that something is against your “company policy,” you build a wall that protects you from your customer. That wall will also make your customer feel like they need to be protected from you. Boundaries give people clarity and confidence. Walls give people anxiety and doubts. Boundaries make people feel happy and safe. Walls make people feel angry and afraid. Businesses thrive and customers are happy when the boundaries are clearly known. A clearly worded “up-front agreement” gives your customers confidence because it lets them know the boundaries in advance.But any time you say “NO” to a customer by telling them of some unknown “company policy,” you are putting up a wall that says, “We don’t want you here.” “You should not have come here.” “Please tell everyone you meet.” I have told you two things: If you want your business to grow, make your boundaries known so that everyone knows in advance what is – and is not – included, and what can – and cannot – be expected.If you want your business to grow, never, ever, surprise a customer with a “wall” that they did not know was there. – Roy H. WilliamsMost companies struggle with how to turn good ideas into successful outcomes. Jeffrey Lambert knows exactly why we struggle, and how to correct it. A veteran project-management expert, Jeffrey can explain in plain English why companies always benefit from clear project ownership, well-defined goals, and disciplined execution. As he tells roving reporter Rotbart, the best business plans and transformation initiatives fail when organizations rely too heavily on technology and systems, while overlooking the importance of culture, communication, and employee readiness. Are you ready to quit being frustrated? Your solution awaits you at MondayMorningRadio.com

  5. Jun 22

    Predictable is Invisible

    If your message is predictable, your message is invisible.If your advertising is predictable, your advertising is invisible. When something never changes, we quit paying attention to it. But we always pay attention to things that are new, surprising, and different. What qre you doing for your customers that is new, surprising, and different? Talk about those things in your advertising. Most business owners are fearful of making a mistake.But you cannot do things that are new, surprising, and different unless you are willing to take a chance. If you never make mistakes, you’e not taking enough chances. Take a chance. Offer your clients a product, a service, a benefit, or a guarantee that surprises and delights them. The first step is to decide how you will surprise and delight your customers.The second step requires energy and activities. Energy and Activities. Energy and Activities. Energy to Energize. Activities to Organize. Let’s review what we have learned. ONE: Predictability is Invisibility. TWO: You will delight your customers with something that is new, surprising, and different. THREE: Business growth is fueled by energy and activities. Decide what you will do that is new. And then do it. – Roy H. Williams Starting with a single strand of pearls that he purchased for his girlfriend, Jeremy Shepherd has become one of America’s most successful sellers of pearls and pearl jewelry. Intrigued by the pearl business, he became rich in pearls of wisdom as he accumulated a treasure trove of entrepreneurial insights through his successes and his mistakes. Roving reporter Rotbart credits Jeremy with recognizing a business opportunity and then having the determination to transform himself into one of the industry’s leading experts. If you’re looking for profit-making advice that has real luster, Jeremy’s insights glow with it. Pearls of wisdom are free today – and on the way – at MondayMorningRadio.com

  6. Jun 15

    Writing Great Ads is a 10-Step Dance

    Do you want to become a great ad writer?Follow these ten steps and you will rise high and go far. 1. Read poetry every day. 2. Memorize at least two dozen poems. 3. Recite them out loud when you are alone. 4. Perform them spontaneously when you have an audience. 5. Feel the pulsating rhythm that is the heartbeat of every poem. 6. Wiggle your way through the unexpected twists and turns that are its dance. 7. Ask a few business owners to evaluate the ads that you have written for them. 8. Listen respectfully to everything they tell you. Even when they are wrong. 9. Do not try to change their mind about anything. Just write exactly what they would say if they could write as well as you do. Remember: This is their business, not yours. 10. Never write ads that rhyme. Use the heartbeat and the dance instead. The pulsing heartbeat is called poetic meter. Study it. The slide and glide of the dance is contained in its unexpected combinations of common words. Look, listen, and take note of these phrases in the poems that hit you the hardest. Common words used in uncommon ways contain powerful magic.Squeeze those phrases and drink the juice. If you do the things I told you, your ads will dramatically outperform the ads of your peers. You will make a lot of money, but your college-compliant peers will tell you that you are “doing it wrong.” Let me now say it as plainly as I can: Successful advertising is not informational. Successful advertising is emotional. Powerful ads do not speak to the mind. They speak to the heart. Like a poem. – Roy H. WilliamsOne more thing: Everything I told you is true when you are writing for social media or for mass media. But the things that I told you do NOT apply to B2B (Business to Business writing) and they only partially apply to website copy. Websites and business communications need to deliver more facts and logic because THAT is what the customer is looking for in those moments. Tim Whitt is a business coach who learned his craft from termites, mosquitoes, and stinging bees. Seriously. After more than 45 years in the pest-control business, Tim says every business owner can learn a lot from the problems that insects and vermin create for homeowners. Listen as Tim tells deputy rover Maxwell Rotbart about the striking parallels between household pests and the damage that toxic employees can inflict upon an organization. He also names the steps that you can take to correct those problems. If troublesome employees are infesting your workplace, Tim’s pest-control perspective may be exactly the advice that you need. It’s time to get crazy at MondayMorningRadio.com

  7. Jun 8

    Make More Money by Reducing the Friction

    Business owners ask, “How can we get customers to do what we want them to do?”And then they create an app and insist that you download it. How many apps have you been told that you need to download? (Look at your phone and count them.) Generally speaking, retail apps are good because they reduce the friction of your shopping experience. Service provider apps are bad because they increase the friction of your service experience. How many times have you had to reset your password?Have you ever had an app demand the answer to a question that sent you on a mission to find the answer?How many times have you been presented with a pick-list that did not include your need?Do you sometimes feel like you are making things easier for the service provider instead of them making things easier for you? Six different service apps have recently increased my frustration to the point that I am now searching for six new service providers to replace them. I was not surprised when I learned that all six of those companies are in decline. And I’ll wager that none of them knows why. Operational efficiency is a worthy objective. Just be careful that you are not shifting your workload onto the shoulders of your customer. Every designer of a service app believes their app is going to be user-friendly, easy to understand, frustration-free, and save the customer a lot of time.In reality, these apps are felt to be unfriendly and frustrating. We both know that the objective is not to save time for us, but for us to save time for the service provider. They have established neat little cubicles to meet their own needs, and now they are telling us to crawl into each little cubicle and do what we are told. This technology is not working for me. It is forcing me to work for them. Wealthy superstar business owners do not ask, “How can we get customers to do what we want them to do?” Superstars ask, “How can we do what customers wish we could do?”Brian Scudamore, Dewey Jenkins, and Aaron Gaynor are superstar builders of service businesses. Each of these superstars has elevated their service business to become a shining star in the dark night of every customer. These men say: “How can we make it effortless and frustration-free for the customer?”“We have to find more ways to make it easier for people to do business with us!”“How can we delight the customer in ways they did not expect?”“We will always have a solution for every customer. No one will be left behind. We never walk away from a person who needs us.” Brian Scudamore built 1-800-GOT-JUNK into the World’s Largest Junk Removal Service by making every problem his problem.“We make junk disappear. All you have to do is point.” For many years Brian has been pondering the question, “How can we do what customers wish we could do?” Brian identified four big things that his customers wished were possible, but that were clearly impossible. Last month Brian Scudamore figured out how to do all four of those things! When he makes his big announcement, I expect his company to quickly double in size. I would tell you to buy stock in his company, but I can’t. Brian owns the whole thing. No investors, stockholders, or board of directors. Now you know how miracles are made. Roy H. WilliamsNOTE FROM INDY: I put an Aaron Gaynor radio ad on the first page of the rabbit hole for you. – Indy Beagle Small-business growth creates a frustrating paradox: the more a business succeeds, the more overwhelmed the owner becomes. Small-business coach Jason Rosado helps small-business owners strengthen their teams, and create more free time for their owners. In this week’s episode of MondayMorningRadio Jason tells roving reporter Rotbart how a business owner can identify whether their business truly needs more customers — or whether it is operational inefficiencies and leadership inflexibility that are preventing growth. If you could use some practical techniques for reducing stress and preventing burnout, check out Jason Rosado at MondayMorningRadio.com

  8. Jun 1

    ROAS: What It is and Is Not

    Direct response ads are written to take the customer from Attention to Interest to Desire to Action in a single encounter.Direct marketers have a product or a service to sell. They don’t have a brand to protect. This is why ROAS is the perfect analytical tool for them. ROAS is the acronym for Return On Ad Spend. In other words, it is the Return On Investment of your ad budget. You can: measure lead generation with ROAS.compare the effectiveness of media with ROAS.track sales attribution with ROAS. But you will never build a brand with ROAS. In fact, the measurement of ROAS will always – without exception – lead to the disintegration of your brand. Here’s why: To produce an impressive result in a short period of time, your ad must contain a degree of urgency.Urgency is not sustainable, nor is it scalable.The longer you run urgent ads, the less well they work. ROAS always looks great on paper for about a year, sometimes even 18 months.But then the wheels fall off and you can never put those wheels back on again. Your brand will never be more than a shadow of its former self. Consider this: A successful Going Out of Business sale is simply a massive extraction of the stored value in a brand. This “stored value” is the reputation of the company and the trust of its customers. These are variables that determine the success of every Going Out of Business Sale: Has this company routinely advertised a Sale or offered a discount?How highly do people esteem this brand?How credible is the urgency contained in the ad copy? ROAS always leads to short-term thinking because ROAS rewards ads that extract the largest amount of stored value from the brand. Have you built a brand? Do people feel a connection to your brand? The day that you begin using ROAS to determine which ads work best, you will have launched a Going Out of Business Sale whether you intended to or not. Roy H. WilliamsOne in every five American adults is the customer of a family that you have never heard of. Their company generates more than $32 billion in annual revenue. And the $17 trillion in customer accounts and investment funds it manages exceeds the gross domestic products of Germany, Japan, and India combined. Despite the enormous influence of Fidelity Investments, relatively little is known about the singular family behind the Boston-based multinational financial services giant. Justin Baer, the deputy markets editor at The Wall Street Journal, reveals the dramatic three-generation saga of the fiercely private Johnson family in his new book. He also explains how they helped transform American investing. Listen and be amazed as Baer shares with roving reporter Rotbart the behind-the-scenes story of Fidelity’s success. You will also gain insights from Fidelity’s rise in leadership, their marketing, their innovation, and their succession planning. The story begins the moment you arrive at MondayMorningRadio.com

4.8
out of 5
48 Ratings

About

Thousands of people are starting their workweeks with smiles of invigoration as they log on to their computers to find their Monday Morning Memo just waiting to be devoured. Straight from the middle-of-the-night keystrokes of Roy H. Williams, the MMMemo is an insightful and provocative series of well-crafted thoughts about the life of business and the business of life.

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