Insightful Business Ideas

November 23, 2009

How to stand out from your from your competition this holiday season

1. Open after dinner on Thanksgiving like have a 9 to  midnight sale. Think about all those shoppers waiting for the next morning why not help them avoid some crowds, get things off the list, and most of all give them a great reason to get them off the off the couch.

2.offer Free delivery and gift wrapping  (within reason)

3. start a list completion service during the last two weeks call you favorite customers and see if there is anything you can help them find then call your friends hopefully other business owners to help them complete their shopping. Customers will love you because you doing something they couldn’t and never expected to get help with from you. Your building goodwill among other businesses by giving them free business they never expected at the peak time. You couldn’t meet the need anyway so you never lost a dime. I guarantee the other business owner and the customer will be going out of their way to help you out when it gets slow like Jan 2010 and isn’t that what we all need to build our pipeline of new sales after the rush is over.

4.Ask yourself the question during ALL slow periods — What can I do to provide my customers the greatest value and deliver it in a way they would never expect?

5.Remember that great service ALWAYS and I mean ALWAYS beats lowest price because with our uncertain economy  everybody has low price but isn’t their service getting worse? Make sure ALL employees have excellent customer service skills I mean way above others.

6 Send out hand written thank you letters just because you care and nobody else is.

7.Differetiate, differentiate, oh yeah differentiate make sure you customer KNOW you not like the competition your a hell of a lot better.

8. Don’t believe the old lowest price wins adage –then why is Apple making a killing? Simple they deliver a better product in a greater way at a higher price

9. find ways to up-sell and cross sell all customers to maximize profits

10. If you need any help with the above –email me at tom4change@gmail.com

March 15, 2009

Getting customers to act on what you say… NOW!!!!

What is the one thing that all people have in common in communication?   Often times we NEVER think of HOW we want to say something we only think of WHAT we want to say. However as business owners we are all in competition for what we want to say to our customers. We all want to say that we have the best service, lowest prices, best quality, or fastest delivery. However everybody says those things but very few deliver and when others don’t deliver it loses it’s magic. Sure you have never tried to use power words just to get a potential clients attention however others have and it cheapen the value of what you are trying to deliver on. One of the things that I like to say is that “you don’t need a degree to start a business”. When I say that to my own clients they know that there are thousands of people that are are trying to make a buck no matter what the cost or implications to your market share. These people are no where near the high caliber of  business owners that you are. You have to realize that in the end you may end up getting the customer after they have ruined their chances( you know those horror stories customers tell about the last guy I went to). HOWEVER they have done major damage in your customers willingness or desire to believe the words that you say because of their actions.

So you have to find more ingeneous ways to communicate your potential and true value to them in ways that those bottom feeders would never be able to understand. don’t try and use the same devalued words find ways to put yourself at a higher level

Let me give you so monumental examples of business that have used this

Fastest Delivery— 30 minutes or your pizza is free {domino’s}

Storage on a MP3— 1000 songs in your pocket–{Apple}

Convenience-We do it just a little bit better WAWA–{Wawa}

December 8, 2008

The best way to get a cash flow going during the unstable economy

Change your focus now from income to flow. It is extremely rare for anybody to make money in this economy but to stay afloat you need cash flow. So offer a one shot deal where you sell a popular item at only 10% above cost. Do it for 48 hours this weekend. Call all your long term customers and tell them about it. Stress that it is a one shot deal because of the economy and the you would and will never offer it again. Select Comfort did this the past weekend with a 50% off sale. Now I used to work at a “Sleep Number Store” as they never gave anything close to 50% off but they did this weekend and knowing them they marketed this to all customers . All of them know how great a deal it is even though December is a weak month for them. Why?Nobody would buy a bed is December it not a gift purchase but this year with price under a grand instead of 2k I bet people did. I also know what the cost is and that is chopping out a huge amount of profit. However once you own this bed you can’t go back they have the lowest in the industry by a long shot. So long as people keep loving that bed they bed riding out of this impossible economy safely

September 15, 2008

The Most amazing Customer Appreciation event EVER!!!

As I was driving home on Sunday night from my brothers I had the most incredible experience. I live right outside Boston in Concord Mass (Henry David Thoreau) and I stopped to take a walk through the town. It is one of the most beautiful places regardless but I love walking the streets at night much like Mr. Thoreau did to sort out my thoughts in complete peace and silence. Tonight when I got my car expecting silence I heard what I though was music in the distance. I thought I was hearing things I followed but it anyway a block and half away I hear this crisp voice that was covering music of the sixties. The closer I got the more I found that it wasn’t just one person was a whole gallery jammed to the hilt with several people. I look and see that this is a customer appreciation event. Here was an great singer literally jamming out with this stores customers. Now considering that they are closed on Sundays it was probably  an invitation only for the best customers. Now the crazy part everybody there was following right along, dancing, singing and hitting the tambourine. I snuck by and stood the next store over in absolute amazement at how much fun everybody was having. This wasn’t a customer appreciation event this was much more this was life celebration with friends that happen to be customers. I walked across the street completely blown away and I just enjoyed the moment. The next event will really bring home the magnitude of this.  

There were two young women walking past this gallery a  just like I was and they stopped in the doorway just to see what was going on they literally got pulled in. The people inside invited them to be a part of this party. They couldn’t  just sit back and watch they were completely jamming, singing, and dancing just like everybody else. Nobody that was part of this experience will forget Montague Gallery 10 Walden Street Concord Ma. They sell fine art sculptures go to www.montaguegallery.com The Do you think that everybody will taking about how it was on of the most unique events they have ever been to? Do you think that little event will drive more sales? Absolutely it will. Turning a customer appreciation event into a life celebration event that is PRICELESS in building customer loyalty I guarantee it.

September 11, 2008

Imagine customer loyalty like this

Did you know that every 4 out of 5 Apple customers that own one Apple computer will ONLY buy an apple as their next? As I wrote in about yesterdays post–It what you do after the customer owns your product that makes the most difference. Apple does EVERYTHING I mean EVERYTHING right after the sale. They love your problems so much  that the center focus in EVERY store is the genius bar. They have monitor devoted to the next appoint that everybody that is shopping sees. There is no other store that I have EVER been in that doesn’t do whatever it can to separate out its complaints FROM the people wanting to buy stuff. The reasoning is simple they don’t want to run the risk of ones persons negative emotions creating doubt in the mind of a shopper that wants to give them money. So talk about doing things from the customer point of view. Answer one question please!!! WHY IN THE WORLD WOULD YOU EVER PUT ALL THE CHALLENGES AT THE CENTER OF EVERYBODYS ATTENTION — SO THAT IF YOU SCREWED UP OR DIDN’T GIVE A CUSTOMER WHAT THEY EXPECTED ABSOLUTELY EVERYBODY IN THE WHOLE STORE WOULD KNOW ABOUT IT? This move in any other business would be suicide.

 

So here is the real question– “How in the world do they  do it?” Those people that are at that genius bar are being treated better then everybody else in that store.

THIS IS EXACTLY HOW YOU BUILD MASSIVE CUSTOMER LOYALTY–FOCUS ON WHAT HAPPENS after THE CUSTOMER OWNS YOUR PRODUCTS. You can do these same exact methods to build your business. Just write me and I will show you how. 

Its like apple went to a Lamborghini dealership and modeled how to treat your customers after that. If you have ever been to the genius bar you know what I mean. It the place where people tend to hang out. If you ask me its not a genius bar because of the people behind it. NOPE (even though they are amazing) Rather it is the people in front of it. WHAT ARE YOU NUTS Tom? NOPE. By far the best and greatest tool they have to build loyalty they never use– customers issues. True Customer Loyalty is built on how you treat your FAILURES not your successes.

September 10, 2008

What do you do after the sale?

Many small business are completely focusing on everything that happens up until the product is in the customers hands then getting the next customer. There is a massive problem with looking at your future that way. The problem is that your CUSTOMERS are only focused on what happens AFTER the product is in their hands. There is so much opportunity for business growth just by changing your focus to the customers point of view its mind boggling. You are literally losing business by NOT changing your perspective. The greatest companies big or small know that paying attention to what your customer is paying attention to and not up until the customer are the ones that build  AMAZING customer loyalty. Doing everything possible to show your customers they matter AFTERWARDS will create a strong bond that your competition will never be able to break and will keep your customers buying again and again. Write me and give me a little background on your business and I’ll show your business exactly how you can build the business that your children’s children will be proud of.

July 4, 2008

Five Guys Burgers — How to Absolutely ensure Customer Happiness

 In yet another great and revolutionary statement “5 Guys Burgers” does it again!!!!   This is the sign in the famous eatery.YOU DESERVE TO BE 100% SATISFIED– If not please inform the manager who will make things right.  I love that last part “WHO WILL MAKE THINGS RIGHT” there is no doubt to what their intent is when it comes to your satisfaction. All small business should adopt this very strong stand when it comes to the customers experience while they are guests in your establishment.

January 1, 2008

5 steps to the BEST customer service EVER!!!

Do these SIMPLE things and customers will rave about your business to their friends.1. DON’T make them wait AT ALL — people that already own your product take precedence over everything because they have the most to gain from your expertise in solving their problem and you have the most to lose if they aren’t happy(that sale, customer and risk anybody they talk to about it). When you are agitated already WAITING just makes it worse.2. Understand how they are feeling because of this complaint. Identify then empathize with how they are feeling now. NEVER EVER act , say or think that it is their fault(unless you really want to lose a customer without any chance EVER of getting them back and a badly bruised reputation too). Remember the more they feel YOU APPRECIATE what they are going through the more willing they will be toward letting you solve their problem3. Your goal is to build the trust that has been destroy as quickly and STRONGLY as possible. You want them to feel GLAD for having this complaint because it make them a better more informed customer of yours. You want the customer to see you as a friend that is trying to help you instead of connected to the product they are having an issue with. Here’s a simple way to build trust — be humble enough to take the blame (whether your wrong or not) while giving the customer all the credit for all the right decisions. People trust those who allow themselves to be willing to take on fault and don’t to those who always act like it’s never their fault but yours. The next part is your can never genuinely build peoples worth in themselves without them inherently trusting you. In both cases your putting the customers first and yourself second which is rule#1 for earning trust in any area of business.4.Separate out their emotions and the actual challenge that you are both facing. Should be mostly done if you did the last two steps correctly. Ask them specifically what the problem is. Ask if its okay if so your both clear if you can repeat your understanding of it back to them. It’s unbelievable how many complaints remain unresolved just because of mis-communication. Remember if the customer feels like you don’t understand they can’t and won’t let you resolve their issue(s). 5. Solve the problem to the customers expectation not yours. Give them something above and beyond they don’t expect for their inconvenience. Call them to make sure that they have made the right decision. A week afterwards send them a gift certificate or exclusive coupon for them to use the next time they make a purchase. The most important thing is to give them a great reason for them to comeback into your store so that they can remember again why it is that they love doing business with you. If you have the ability to go out of your way to make them feel special when they make that next trip in.  

December 22, 2007

Promotional Tip#1 — How use your top seller to get a new product the attention it DESERVES

I just was trying to help a small business owner market a brand new product so people would try it. Now this a product that once they try it once they can decide from there but we thought they would like it. So what I suggested was simple– launch the new product but to take away some of the risk tell the customer that you’ll discount the top seller if they try it. I am going to add here that over 50% of all the customers purchased the top product so the people would be purchasing the top product regardless. This way if they were willing to try something new they could have it at a lower price.

In this case it worked with great success because once people tried the new product they loved it almost as much as the old one. The idea was to generate interest to see if the customer would like it as much as we thought they would or not. The key here is that we were able to speed up the feedback by discounting the favorite product. Now they have two top sellers that don’t compete with each other directly but actually complement each other so now customers come in an ask for BOTH products.

It’s like getting 2 sales for the price of 1.

December 20, 2007

Yet another reason why Steve Jobs and Apple are the best ever

I love the Apple stores I always have. However I was walking through the mall today and I saw one of the greatest ways of show potential customers that we have plenty of staff here to serve you , they are easy to find(even from clear across the mall), and even with a completely packed store potential customers saw there was plenty of staff on hand that are HAPPILY serving their current customers in the Store. So the million dollar question is how did I get all that information will just a GLANCE at the Apple Store on my way to the Food Court at Christiana Mall. I’ll give you a hint it has to do with topic that I wrote about four weeks ago on this blog about Macy’s Department Store and their utter stupidity of how they present their employees. Do a quick read I’ll wait here if you haven’t yet you’ll understand what I’m about to share. So as I was saying before what colors your eyes use to make decisions on what to pay attention too.

Now NOT only did I pay attention but it ALMOST drew me into the store just because all the employees looked like they where having so much fun helping customers I wanted to feel like those customers felt– positive and relaxed (did I mention the store was PACKED– It’s less than 4 weeks till Christmas on a rainy Sunday at the mall ). SO I have 4 questions for you about my experience that I help to see why this was so amazing. First how was I able to see ALL the employees from across the mall? Second How could I tell that they had enough staff help a packed store? Third what the employees attitude was before I entered the store? and Fourth How could I have gotten all that info with just a quick glance? The answer was the color that all the employees where wearing got me to do that in like two seconds flat. I one of those colors that gets you to stop what you are doing and say whats that. With the backdrop of the apple store being clear it easy to see through.

The color is RED yes Stop light RED. We all do what we are taught as consumers or people. The rules that we have been taught when it comes to that color are plentiful. Our mind makes INSTANT associations when we see fire engine RED. It SCREAMS pay attention to me –your life my depend on it. So they used the color to send the same message but for a different reason. Who ever in Apple designs these little strategies is an absolute genius. Your eyes also reflect off of RED when you see it to determine its meaning. in other words you look for whats around it to determine its meaning. That’s how I was able to see the smiles because my eyes pulled off the shirts. It also allowed me to see how many employees where there compared to customers. Now that’s a Message that display ultimate shopping confidence– the one thing we are all looking for this holiday season–a reason to believe and trust in ANY retail business.

December 7, 2007

How can you make your customers lives easier this time of year?

we all how extremely stressful this time of year can be. However for small business owners it can create several opportunities that the benefits of can last the whole next year though. People remember the intangible things you did to create VALUE in their lives. what did you do out of the ordinary for them? What did you give they they couldn’t find anywhere else?( ex muscle relaxation through having a massage therapist on site as a free service on busy days, holding your customers gifts until they find a way to hide them or having a gift wrapping party –you supply the wrapping paper free of charge they get to wrap their presents in a fun environment where they are away from home and getting to network with other customers) I have tons of other ideas for you just email me. The overall idea is this–

In what completely UNIQUE ways can I make my customers lives more fun, less stressful and /or more productive during the holiday season?

December 2, 2007

Five guys Burgers–Audacity to increase desire

One of the greatest things about 5 Guys burgers is how in your face upfront they are. First the burgers are made literally right in front of you (imagine if your auto mechanic did that–let you watch what he was doing). Then as your waiting for your order they have at perfect eye level every review of their burgers for all over the US. What that says to me is our burgers are great PERIOD.  Remember I haven’t taken a bite yet but I saying how confident is that–how do they know if I’LL like it? I was ALMOST waiting to prove them wrong because of how OVER the top they are saying they are. I just love the concept –we are so sure you’ll like it that we are willing to show you what others are saying. By the way it’s not one magazine this display covers the whole eating area. The nice part is after you bite into one and you look along those walls  and then you realize how ABSOLUTELY right they all were.

November 28, 2007

How am I making my customer lives better?

Something that everybody related to your business should be asking themselves everyday. Great answers to this question build solid strong businesses regardless of everything else because your intention is a perfect one. If you don’t know the answer then you better start thinking about it cause sooner or later your going to have a identity crisis with your business that you built from scratch. I’ll explain it if you want me to just ask.

November 25, 2007

3.75 keys to eliminating sales objections

One of the toughest parts in business is overcoming objections that your potential customer has about your products, people or your company.  So here are three general key I use without fail to save the customer.

1.Build confidence in the customer objections.Just remember that all an objection is them trying to find a reason NOT to buy. THEY WANT to buy if they didn’t they just walk away without saying anything. Most salespeople think the customer is saying no where they are trying to say yes they just need more information to back up their willingness to do so. I love objections because the customer is trying to buy what I have. It’s my job to make it as easy as possible to do so. So I always tell them I welcome objections and then when they occur I always start with ” I’m glad you brought that up” or “Many of my customers feel the same way you do….” I want them to feel good and confident for bringing up these points. Most people are scared at this time because they want to buy but they don’t want to here they aren’t able to.

2.Face the challenge head on. Customer are trying to see if you really stand behind the product because if you do then they can. ALWAYS be honest!!! If your not the customer will see it no matter how good you think you are. Make sure that if you put the objection do for now you get the customer to agree to it. Say something like ” That’s an good point you have brought up and I will get to it in minute okay?” Then make sure you do.

3.If your are ever unsure to the answer to an objection say this” That is an excellent point that I hadn’t considered,I don’t know the answer but I will find it out for you.” Then find out.

0.75 — Never make something seem less than ( ex a competitor) in order to make your product look stronger. It make your look weak and pushes their decision more toward them. They see it as you think they are better that’s why you have to knock them down you can’t compete on a level playing field.

November 21, 2007

Little things that make the biggest difference

Many business owners are so close to every part of their business because  they are responsible it ALL of it.  What I do most often as their consultant is I show them the impact that the little things have on the bottom line that they never noticed.Unfortunately those negative little things absolutely destroy businesses. Listen businesses don’t fail because somebody stopped trying  just the opposite is true. Most business fail because they are trying to hard in the wrong direction. So many time I teach business owners how the little things they do make more of a fundamental difference than the huge things. I show them how specific actions or intangible assets are the things that create long term success. For the most part the physical aspects of any business don’tmmake nearly as much of a difference as the things that you can’t see.

An biggest of them all is attitude (yourself, your employees and your customers) and it surprises me how many people in businesses think that it doesn’t matter. They think people don’t care or notice attitude. Everyday you wear you attitude on your sleeve and there is not a single person that doesn’t notice it. Like in the earlier post on colors and judgements, your attitude you have is how people judge you what you do, think, say and in your case if they will do business with you or not.

The reason I’m bringing this up is I was doing some shopping tonight myself.  It astounded me how many salespeople at the mall (one of the most successful in the country) had either bad attitudes or apathy(they just didn’t care about the customer). I began to wonder how we got to a place where we accept this as customers. The experiences I witnessed other people having some where scary and downright disrespectful. Then I watch CNBC and see retailers are having tough quarters and cutting 4th quarter forecasts. Do this people (CEO and board members ETC) actually go to their store and look at the product they are putting out? By that I mean the sales person on the floor that argues with a customer or is on their cellphone with a friend(yes I saw both tonight)? There are customers that those employees don’t realize that are making judgment about their WHOLE company based on that ONE person. GREAT attitudes are free if you make sure you hire them in the first place.

S o I want to leave you with this question for all of you and your employees that will create a minefield of gold where these other people see only losses.

What have I done today to give my customers OUTSTANDING service?

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