June is the perfect time to reflect on your content and marketing strategy. What’s working? What isn’t? What needs to change going into the next season? What should we double down on?
But before you do. Take a deep breath. Pause.
Reflecting on anything in 2022 feels particularly challenging. COVID-19? Everybody’s got it. Global conflict? Almost as bad as can be. The economy? Slowing. Inflation? Rising. Ugly politics and unpopular decisions? Inevitable.
With so much negative news, it’s easy to make decisions around fear of loss rather than perceived gains.
It’s pretty much human nature.
The concept of loss aversion describes how people feel the pain of losses more than the pleasure of gains. In other words, someone who loses $100 will lose more satisfaction than the same person would gain from a $100 win.
Loss aversion affects marketers all the time. You never send that “We’re going to unsubscribe you unless you opt-in” email for a simple reason: You’re more afraid of losing subscribers than you are excited about the possible increase in engagement levels.
A related theory, called loss attention, states that people tend to allocate more attention to a task or situation when it involves loss than when it doesn’t.
Put simply: When your attention is focused elsewhere, you might miss something. And most of us devote more attention to the places where we see loss.
A light-hearted example of loss attention is the gorilla playing basketball video.
Researchers instructed viewers to count the passes made by the team wearing white. Afterward, they asked study participants if they’d noticed anything unusual.
Only 42% of the participants who counted passes made by the team wearing white saw the gorilla stroll through the middle of the game, beat its chest, and walk off. They put so much attention on avoiding the loss (failing to count correctly) that they didn’t notice something unexpected happening right before their eyes.
Now, I’m not suggesting that people should ignore these experiences or the world around them when reflecting on progress (or lack thereof) or making decisions.
Loss aversion and loss attention are natural human tendencies. In many instances, they’re good things. Loss attention can help with decision-making because it prevents us from seeing the “bright shiny object” that might otherwise distract people from the task at hand.
But raising your awareness of these concepts can stop you from overlooking progress you’ve made or failing to see what’s working despite current conditions and what’s failing only because of those conditions.
One tool that helps me balance is what I call a “pause for focus.” Sometimes I devote an entire week to this reflective period, and sometimes only a few minutes. I spend the time reframing what has happened, the implications of what happened, and how I get to change based on what happened.
I like using “get to” instead of “should” when it comes to change because it then frames change as an opportunity to do something new rather than to “fix” something perceived as broken.
My focus pause involves five simple questions. I take the time to write and really polish the answers.
You won’t find the magic of this pause the first time you do it (though I still think you’ll find it helpful). You’ll find the real magic in the second, third, or fourth reflections as you assemble your answers over time.
Here are a few suggestions for topics and progress you might consider as you reflect on your progress, rocks, actions, and learnings:
Keep this in mind as you reflect on these questions: You’re not late.
As the saying goes, “The best time to plant a tree was 20 years ago. The second-best time is today.”
It’s the middle of 2022. So what if the best time for you to have made changes was six months ago? The second-best time is today.
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Cover image by Joseph Kalinowski/Content Marketing Institute