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How to Crack the Opportunity Puzzle?

Posted on June 02, 2008 by Ed Roach

I’ve recently had the pleasure of helping a small business develop their positioning strategy and launch materials. The company, Paywiz, is a Toronto based firm specializing in Canadian payroll services. It is inspiring to meet entrepreneurs who see this economy as an opportunity rather than a hinderance. It is clear to me that Paywiz, in developing their brand strategy paid close attention to strong, positive brand values. They recognized the opportunity that the competition presented in the payroll category.

Namely complete service in everything related to payroll in Canada. Paywiz management, having many years of experience inside the payroll industry saw this opportunity and decided to claim it as their own.

Their brand positioning strategy- PAYWIZ: the ONLY payroll solution to deliver everything.

Clear and right to the point. Due to the fact that Paywiz is a young progressive company they have snatched up the determination to deliver services that the older players simply ignore in delivering traditional payroll services. Utilizing technology and good old fashion spunk, Payroll aims to quickly build a customer base by delivering everything – resulting in a confidence that allows small business owners the freedom to work more effectively at their core competencies rather than spending valuable time tying-up loose ends traditional payroll models leave wanting.

Paywiz’s positioning strategy has invigorated management. The logo is simple, but the message is clear – all encompassing – EVERYTHING. The overall image is clean, simple and accessible. The CEO of Paywiz, Peter Marossis, is authoring a corporate blog called,Everything Payroll Blog. Here visitors can have direct access to the leadership of the company and pick up valuable information that has an impact on “everything payroll”. ( The launch article will be up in a about a week.) As you may be able to determine at this point, ( if you checked out the links) Paywiz’s action word is “EVERYTHING”.

When the North American business community is cringing with each daily news report, there are those of us who see the opportunities a slowing economy presents. It represents the old – every dark cloud has a silver lining story. Myself, I have never been busier. This economy has presented opportunities for my services because companies who want a stronger positioning strategy that truly differentiates them, are turning to branding consultants to help them in finding a better strategy. Traditional marketing with catchy slogans and low pricing have gotten them flat results. More times than not, they are blending in with the regular deluge of desperate small businesses trying to pry dollars from an already thin customer wallet with a quick commodity fix.

Take one step back and look at how you are delivering your services – your silver lining exists. One more example emerged even last evening at a restaurant. I bumped into an acquaintance who is in retail and he lamented that his market has been pummeled by the economy and he didn’t believe he’d be here in another few years. I got the conversation going toward toward his expertise. He mentioned that many suppliers and industry people contact him regularly for his advice on topics.

Now a simple question emerged: “Couldn’t you start charging a consulting fee for that same advice, and aggressively go after it?” He just stopped – looked at me and calmly said – “man Ed, there’s an opportunity there.” – EXACTLY!. Don’t dwell on the negative.

If you refuse to look for the opportunities, you can join the thousands of businesses who moan on about the economy, or you can lead the way to your success. All of us – in the running of our businesses, give away services that we could be charging for. For all the doom and gloom, the vast majority among us are still employed and consuming. The simple truth is that they, like you, only want to deal with the smart companies. Surround yourself with smart thinking, positive influences. Negative thinking will only deliver a negative result.

Follow the example of companies like PAYWIZ who saw holes in the competitive strategy, and boldly filled it themselves.

AS ONE IDEA FLOUNDERS, ANOTHER IS BORN.

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Author: Ed Roach (107 Articles)

For 25 years or so I have developed positioning strategies for small businesses that helps to differentiate them. I appreciate working with companies who see the value of going beyond mere slogans and have a desire to sell from compelling positions. Opportunities come to light in every discussion. I consult predominantly with small business and and implement the solutions developed. I've had the pleasure of being interviewed in all media regarding branding small business, most recently in "America's Best" magazine and the "Christian Radio & Music Industry" trade magazine. I am available for speaking engagements and I have authored "The Reluctant Salesperson", an Introvert's Guide to Selling. Contact me if you are looking for practical advice on bringing your corporate brand to the next level. I also have international speaking experience including a recent event in Prague, Czech Republic. I am currently working on a branding conference in Mumbai, India for next year. I can be contacted directly at: 519-324-9536 or ed@thebrandingexperts.ca Blog: TheBrandCorral.com Twitter: BrandCorral Facebook

4 Responses to “How to Crack the Opportunity Puzzle?”

  1. AndreyM

    - 4th Jun, 08 05:06pm

    I can’t see nothing to discuss!

    Reply to this comment

  2. Ed Roach (author comment)

    - 4th Jun, 08 07:06pm

    What do you mean Andrey?

    Reply to this comment

  3. Noobpreneur

    - 5th Jun, 08 12:06pm

    Ed,

    I totally agree – stop nagging and whining about the recession and stuff – start raking opportunities arise.

    I’m also a believer that the world operates in balance – yin and yang, good and bad, stuff like that – What I’m tryin’ to say is, despite the recession and bad economy climate, there always are great opportunities to rake – focus on that!

    Thanks Ed for reminding me keeping my focus on the good.

    Cheers!

    Reply to this comment

  4. Ed Roach (author comment)

    - 6th Jun, 08 04:06am

    Noob,

    Typically I’ve also found that the whiners are doing ABSOLUTELY NOTHING as far as having s strategy for generating business. It’s as though it will just materialize.

    Reply to this comment

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