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Other Added - Can Adding Features Cost You Sales?
Complaints + Compliments = Good Communication Some companies track a monthly ‘complaints and compliments ratio’ for each branch, store, department, country or station. This approach has a fundamental flaw. Here’s why:A complaints and compliments ratio encourages staff to actively avoid or suppress written complaints from customers. After all, every written complaint will impact the ratio to their disadvantage.For example, if your station gets 3 compliments and 0 complaints, and my station has 6 compliments and 3 complaints, whose station has a better ratio? Yours has, of course.But which station is gathering more written feedback from customers? Which station is harnessing more input, sugge When the Internet and web sites started to catch on the dealers began to focus more of their attention on that type of media, that direct mail had seen its day. I cautioned against going overboard (no pun intended) stating that they were moving from a relationship oriented business to a transaction oriented business and that in the end all they would wind up doing is competing on price. Guess what, last week I got a call from a dealer asking me if I could do a newsletter for his shop. He said his clients missed it - they liked the information and when they saw the special discounts on the back page they felt they were special. Now I admit that I’m a pr The Power of What and How It seems everywhere I turn someone is trying to upgrade me, or sell me something in addition to what I want, or get me to do more work to use their services - all in the name of providing me with more value. The heating and air conditioning service guy now wants to clean my ducts and my fireplace chimney. The dentist tells me that I need to have the area between my two molars and my gums cleaned (flossing doesn’t get there) at a cost of two hours and over $400. And every business now seems to have a telephone answering system that replaces their receptionist with way too many numeric presses by MY finger … only to be disconnected or routed back through the same choices again.Are you interested in running a successful Internet-based business? Making hundreds of thousands - even millions - on your own terms and schedule? Providing for your family in ways never before possible? Then wipe the word 'why' out of your vocabulary.“Successful Internet marketers understand the power of 'what' and 'how,'” says Matt Bacak, an Internet entrepreneur. “The power comes from the action inherent in these words. Action is the key.”Bacak goes on to explain that the word 'why' is counterproductive. “Asking why won't get you anywhere,” he says. “Instead of asking why something is, instead ask what you can do to make it the way you want i Without realizing it (my wife pointed it out) I have moved away from many tried and true service and product suppliers to those who are sticking to the basics - or at least to the ones that reflect my basics. Even my old friend American Express received a nasty rejection of a service I had used for a long time - auto rental coverage. I recently opened a letter from the company advising me that changes had been made to this coverage as detailed in a brochure that was enclosed. The brochure was four pages (front and back), in 8 or 9 typeface, with no margins top, bottom or on either side. My letter canceling this coverage stated that I was not inclined or equipped to read that enclosure to find the changes - which I was confident were not made with my best interest at heart. In another example I watched a TV ad with fascination about a new feature on a certain automobile that would parallel park the car with no involvement from me. Out of curiosity I inquired what the option cost; the salesperson quoted me $1000. I then asked my independent repair mechanic what he thought it might cost to fix that system - should it need repair; he said that based on what he had seen so far, anything complex would have to start at $1000 (at his rates which are about half what the dealer’s service shop charges.) I then asked my insurance agent if that option might have a higher premium. She said yes, probably something similar to the difference between a two-wheel drive and an all wheel drive. Oh you didn’t know about that one? Let me turn this around for a moment. From 1997 to 2003 one of my businesses produced a direct mail, relationship-building newsletter for boat retailers. We had a dozen or so clients who used this product four times a year to talk to their customers and prospects about why they were the best place to buy a boat. Our newsletter was good enough at communicating the uniqueness of that dealership so that one customer stopped all other types of marketing. When the Internet and web sites started to catch on the dealers began to focus more of their attention on that type of media, that direct mail had seen its day. I cautioned against going overboard (no pun intended) stating that they were moving from a relationship oriented business to a transaction oriented business and that in the end all they would wind up doing is competing on price. Guess what, last week I got a call from a dealer asking me if I could do a newsletter for his shop. He said his clients missed it - they liked the information and when they saw the special discounts on the back page they felt they were special. Now I admit that I’m a pre CVS' Strategic Gameplan es again.Industry OverviewAs the company to ever create an online pharmacy, CVS has brought a new flavor to the pharmaceutical industry. Currently, Consumer Value Store is #53 of fortune 500 companies. The company operates primarily from prescription drugs sales which accounts for 70% of its total revenues. CVS is actually one of the most pervasive drugstore chains in America; it operates nearly 4,100 facilities, placing it side by side with three of its major competitors, Eckerd, Rite Aid and Walgreens. Within the Consumer Value Store lies PharmaCare, a subsidiary that is considered key to the company’s expansion and profit margin because of diverse managerial tactic Without realizing it (my wife pointed it out) I have moved away from many tried and true service and product suppliers to those who are sticking to the basics - or at least to the ones that reflect my basics. Even my old friend American Express received a nasty rejection of a service I had used for a long time - auto rental coverage. I recently opened a letter from the company advising me that changes had been made to this coverage as detailed in a brochure that was enclosed. The brochure was four pages (front and back), in 8 or 9 typeface, with no margins top, bottom or on either side. My letter canceling this coverage stated that I was not inclined or equipped to read that enclosure to find the changes - which I was confident were not made with my best interest at heart. In another example I watched a TV ad with fascination about a new feature on a certain automobile that would parallel park the car with no involvement from me. Out of curiosity I inquired what the option cost; the salesperson quoted me $1000. I then asked my independent repair mechanic what he thought it might cost to fix that system - should it need repair; he said that based on what he had seen so far, anything complex would have to start at $1000 (at his rates which are about half what the dealer’s service shop charges.) I then asked my insurance agent if that option might have a higher premium. She said yes, probably something similar to the difference between a two-wheel drive and an all wheel drive. Oh you didn’t know about that one? Let me turn this around for a moment. From 1997 to 2003 one of my businesses produced a direct mail, relationship-building newsletter for boat retailers. We had a dozen or so clients who used this product four times a year to talk to their customers and prospects about why they were the best place to buy a boat. Our newsletter was good enough at communicating the uniqueness of that dealership so that one customer stopped all other types of marketing. When the Internet and web sites started to catch on the dealers began to focus more of their attention on that type of media, that direct mail had seen its day. I cautioned against going overboard (no pun intended) stating that they were moving from a relationship oriented business to a transaction oriented business and that in the end all they would wind up doing is competing on price. Guess what, last week I got a call from a dealer asking me if I could do a newsletter for his shop. He said his clients missed it - they liked the information and when they saw the special discounts on the back page they felt they were special. Now I admit that I’m a pr A New Vision of Leadership lined or equipped to read that enclosure to find the changes - which I was confident were not made with my best interest at heart.The 21st century leader is one who empowers others to be leaders. Managers and supervisors must now embrace the techniques, challenges and benefits of Facilitative Leadership.Consider the following quote:The old world was composed of bosses who told you what to do and think, told you to keep your head down and mouth shut, and made all the decisions, .....In the new world, no manager can know everything or make every decision. Now, to be successful, a manager has to work in partnership, in collaboration, with everyone, and tap everyone's ideas and intelligence. Managers now are coaches, counselors and team builders...Their job is to find people with t In another example I watched a TV ad with fascination about a new feature on a certain automobile that would parallel park the car with no involvement from me. Out of curiosity I inquired what the option cost; the salesperson quoted me $1000. I then asked my independent repair mechanic what he thought it might cost to fix that system - should it need repair; he said that based on what he had seen so far, anything complex would have to start at $1000 (at his rates which are about half what the dealer’s service shop charges.) I then asked my insurance agent if that option might have a higher premium. She said yes, probably something similar to the difference between a two-wheel drive and an all wheel drive. Oh you didn’t know about that one? Let me turn this around for a moment. From 1997 to 2003 one of my businesses produced a direct mail, relationship-building newsletter for boat retailers. We had a dozen or so clients who used this product four times a year to talk to their customers and prospects about why they were the best place to buy a boat. Our newsletter was good enough at communicating the uniqueness of that dealership so that one customer stopped all other types of marketing. When the Internet and web sites started to catch on the dealers began to focus more of their attention on that type of media, that direct mail had seen its day. I cautioned against going overboard (no pun intended) stating that they were moving from a relationship oriented business to a transaction oriented business and that in the end all they would wind up doing is competing on price. Guess what, last week I got a call from a dealer asking me if I could do a newsletter for his shop. He said his clients missed it - they liked the information and when they saw the special discounts on the back page they felt they were special. Now I admit that I’m a pr Business Branding for Personal Service Type Companies ked my insurance agent if that option might have a higher premium. She said yes, probably something similar to the difference between a two-wheel drive and an all wheel drive. Oh you didn’t know about that one?Business branding for personal service type companies is not as simple as for other types of companies. If you look to slick and corporate you will actually lose customers and potential customer. Instead you must concentrate on the friendly atmosphere and you'll need to create a logo little, which conveys this message.Personal service companies are generally small businesses and small businesses still have to worry about business branding. Just because your businesses is small and only has a few employees or perhaps you have no employees; this does not alleviate you from your responsibility in building brand and setting your business apart in your local com Let me turn this around for a moment. From 1997 to 2003 one of my businesses produced a direct mail, relationship-building newsletter for boat retailers. We had a dozen or so clients who used this product four times a year to talk to their customers and prospects about why they were the best place to buy a boat. Our newsletter was good enough at communicating the uniqueness of that dealership so that one customer stopped all other types of marketing. When the Internet and web sites started to catch on the dealers began to focus more of their attention on that type of media, that direct mail had seen its day. I cautioned against going overboard (no pun intended) stating that they were moving from a relationship oriented business to a transaction oriented business and that in the end all they would wind up doing is competing on price. Guess what, last week I got a call from a dealer asking me if I could do a newsletter for his shop. He said his clients missed it - they liked the information and when they saw the special discounts on the back page they felt they were special. Now I admit that I’m a pr Are You an Under-earner? One of the main topics business owners want me to coach them on is profitability. For the most part, the kind of people I work with don’t have money as the #1 thing on the list of values. It’s important to them of course, but usually they’re more motivated by personal or spiritual values, like making a positive difference in the world. I’m a person like that myself. But as a business coach, I’m also privy to the inner- dialogue, the self-esteem issues, and the confounding defense systems that cause roadblocks to financial solvency. These deep wounds and doubts can sabotage business profitability far better than a failing economy, a poor job market, or a competitive When the Internet and web sites started to catch on the dealers began to focus more of their attention on that type of media, that direct mail had seen its day. I cautioned against going overboard (no pun intended) stating that they were moving from a relationship oriented business to a transaction oriented business and that in the end all they would wind up doing is competing on price. Guess what, last week I got a call from a dealer asking me if I could do a newsletter for his shop. He said his clients missed it - they liked the information and when they saw the special discounts on the back page they felt they were special. Now I admit that I’m a pretty conservative person, but at the same time I am a strong advocate of finding better ways to do things. I spend a lot on our computers and the software that we use to make our work more efficient with higher quality results. I also spend a lot making our facilities more energy efficient. What concerns me is that I am spending more time and effort listening to people as they try to get me to buy something more that I asked for AND most of those people really have no clue what benefit, if any, that addition may have for me. I used to argue that too many of us had fallen into the trap of wanting the “bigger - better” car, house, TV, etc. and that we had to question why. I’ve now come to the conclusion that many of us do so because there no longer are any options. No body offers the simple, serviceable, perfectly fine replacement anymore. I understand why. It costs almost nothing to try and “sell” an upgrade and the difference in profit between a Chevy and Cadillac or a regular and a super-size is enormous. So the reward for successfully selling the upgrade is equally enormous. But is it? Is there a downside? I think so. Every successful up sell puts the pressure on the purchaser to begin up selling his or her products and services. So more money is spent on only marginally more worthwhile products and services thus encouraging those who can up sell their products and services to do so, while pushing those who can’t increase their income further down the food chain as it becomes more difficult for them to stretch their disposable dollars As my old economics professor used to say, “Some savvy business people are going to see opportunities here.” Let’s begin focusing on how to produce more value, real value - not feel-good value and stop focusing on how to extract more dollars from our good and loyal customers - just because we all ready have them on the phone. You really don’t want them to become transaction focused rather than relationship focused, now do you?
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