Timing is everything. Is the market ready for your message?

posted by on April 29 2010 in Communications Strategy - 2 Comments

Proverbs – and let’s face it, clichés – that focus on time and timing are prolific in investment-driven businesses like real estate and capital markets. And for good reason – after all, a good investment at the wrong time is no longer a good investment. Similarly, a good message can fall on flat ears, if the timing isn’t right – no matter how correct or wise it is. Deciding when you communicate facts, figures and messages to the world should be as central a part of your communications strategy as the actual content of your messages.   

Today, the market is more complex than it ever has been, particularly in the commercial real estate sector and the world of corporate site selection. To make sure the market is ready for your message, consider the following three questions: 

  • Who is my audience? Where does their business stand in the economic cycle? Right now, real estate – particularly employment-driven sectors of commercial real estate – are lagging other industries like financial services and professional services in the economic recovery. Be sure you know if your audience is in “growth” or “survival” mode, and tailor your messages accordingly.
  • Am I too late to the game to offer a fresh perspective? People don’t have time for ideas that they’ve heard before. For example, if you have a message focused on sustainability, consider how much green washing people hear every day. Make sure you have something new to say – and that your message stands up to any likely challenges.
  • Am I too early? Is my audience ready to hear what I have to say? If your audience is not open to what you have to say, you’re wasting your time – and theirs. Be sure to connect your message with their current interests and challenges.

 

In 2005, I ghost-authored a retail market communications piece that received negative reviews from the audience because our research was good, but our timing was bad. Together with my client, we carefully researched statistics on the spending habits of Generation Y, on Americans’ lack of savings, and presented a case that retail could be in for a rude awakening. Far from being heralded as a prophet of market cycles to come, in the overheated market of 2005, retail professionals were looking for inspiration on how to go faster, close more deals, and beat out their arch-nemeses. Instead, we threw them into a cold shower of ugly statistics. Moral of the story? There’s no value in an “I told you so.” A more productive way to engage your audience is to educate them on how you can help them meet the challenges of today’s economy, while planning for all possible futures. Nobody wants to hear a blunt take on how they are getting it wrong.

Remember that clichés are born for a reason. How are you using market timing to make sure your communications are resonating with the market?

 

To contact Margy Sweeney:

Phone:  312-252-7314 
Email: margy@blisspr.com
Twitter: @margysweeney
LinkedIn: Margy Sweeney

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2 Comments on "Timing is everything. Is the market ready for your message?"
  1. Kevin Funnell
    04/29/2010 at 10:07 AM Permalink

    I agree with you, Margy, if your client’s business goals are short term. On the other hand, anyone can run with the herd and part of separating yourself from everyone else is having a distinctive voice. Now would be a great time to revisit the piece, remind readers that you called the score long before anyone else, and then offer thoughts on what folks ought to do in light of current conditions and what you expect to occur in the future. You’ve built credibility. John Paulson, Warren Buffett and Andy Beal made billions doing the opposite of what the crowd was doing over the last 5 years, and smart people are watching what they do.

  2. Margy Sweeney
    04/29/2010 at 11:51 AM Permalink

    Kevin, I agree with you. I sincerely wish that my client from 2005 hadn’t retired, so we could revisit the piece directly. To your point about not running with the herd, I think that every company needs to find the right balance for them. It’s great to be ahead of the market – but if you’re so far ahead that people discount your thinking, you’ve lost your competitive advantage. In more conservative fields, this is where striking the right message positioning becomes quite tricky, and also the most valuable. As communications consultants, it’s our challenge to help our clients find that balance, and really dig deep into the receptivity of the specific priority audiences and the content of our clients’ messages. Thank you so much for your thoughts!

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