Friday, August 5, 2011

Making The Cutomer's Mind Up.


I don't know if it was just a British thing, but I remember when people used to ask "what make is it?" especially when they were talking about vehicles.

It also applied to white goods, electrical products and, I think, clothes. It was a question filled with aspiration, but it must also have reflected a belief that the "maker" was an important part of the equation.

I don't know when that attitude changed. I'm not convinced it has. Going back to thinking about makes and marques would be a terrific antidote to the pompous entitlement that pervades so much skin-deep branding.

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Thursday, August 4, 2011

This week's style, strategy and marketing savvy newsletter

Did you miss this weeks' edition? Make sure you don't miss another by subscribing to my free marketing savvy newsletter to have it delivered to your e-mail in box each week. [Click here] to subscribe.

Here's what you missed in this week's newsletter - get more info about the articles and the links at www.12monthsofmarketing.net/aug4.html

IN THIS ISSUE:

original content
• Marketing Caution: Objects in mirror are closer than they appear - the 3 marketing problems that could run you off the road
• Why fun and games could be the key to building a bigger role for your business (in the lives of your clients)

more success strategies
• Why your meetings fail and 7 ways to get more from your meetings at work
• Gamification: How competition, games and fun is reinventing business, marketing and everyday life
• Marketing that sticks: A crash course in marketing with stories
• Bone tired: 10 tricks to combat sleepiness and stay sharp during the day
• Social media: What to expect on the road ahead
• 8 tips for small business website landing page design

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

10 ways to find out what your customers (really) want

August 4th is National Pampering Day. According to thefreedictionary.com:
pam-per-ing (verb, means to)
indulge with every attention, comfort, and kindness; spoil; the act of indulging or gratifying a desire; gratifying tastes, appetites, or desires

Have you ever had someone try to make you happy, not with what you truly wanted, needed or desired, but who tried to make you happy by giving you what they believed you should want. In other words, they wanted you to be happy with what they wanted to give you, without having an understanding of your real desires (or even in spite of them).

I have. I was in a long term relationship with a man who tried to keep me in the relationship with things that he gave me, rather than working to improve the relationship. He mistakenly thought that things and money (or the threat of losing things or money) could keep me in a relationship that was really not working for me.

Without hitting that nerve too hard, I think that there’s a parallel to be made to the relationship you have with your customers, and to the idea of pampering your customers on National Pampering Day, and every day.

By definition, in order to pamper your customers you have to have a real handle on their true needs and wants. If you try to guess what your customers want or give them what you would want (if you were them) then you could be missing the mark by a wide margin. What’s more, if people feel that you are trying to coerce them to remain in a relationship with your business by giving them something they don’t really need or want, it could lead to a loss of trust, loss of customer confidence, and to the loss of customers themselves.

In business you get what you want by giving other people what they want. (Alice MacDougall)

So how can you know what your customers want? In the spirit of National Pampering Day, here are 10 ways to find out what your customers really want, so that you can spoil them!

  1. Ask customers what they want in surveys at the point of sale or to follow up after appointments or purchases by e-mail.
  2. Create a formal customer suggestion system. Respond to each and every entry, even if it only to acknowledge that you heard the request and will keep it in mind for the future. If you implement changes based on customer requests, publicize this in your e-mail newsletter, direct mailings to customers,and/or in signage noting which new products, services or process improvements were added specifically because of customer requests.
  3. Add a product or service request form to your website.
  4. Poll your employees (especially those employees who have the most contact with your customers).
  5. Implement an incentive program to reward employees or even customers who make suggestions that result in improvements to the customer experience.
  6. Network with peers—even competitors—to share ideas, discuss common customer complaints or requests and brainstorm solutions, and to share ideas which lead to improvements in the customer experience.
  7. Respond to each and every customer complaint. Acknowledge the individual and their feelings. If you made a mistake, apologize, and do what you can to make it right. Be transparent.
  8. Be available. Spend time interacting personally with your best customers (or with all customers).
  9. Make personal contacts with your most valuable customers throughout the year to gauge satisfaction and to ask “What could we do better?”
  10. Communicate with your customers. From old-school community bulletin boards to e-mail newsletters, a blog site, Facebook, Twitter and other social media, it’s never been so easy to converse with your customers and prospects. Engage in two-way dialogue, ask provoking questions, hold contests, and solicit feedback—whether negative or positive—and monitor and respond to public feedback.


Elizabeth Kraus – 12monthsofmarketing.com
365 Days of Marketing is available on amazon.com in book and digital formats.

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

ECB Extends Liquidity To Troubled Europe

The market is sharply lower again this morning, despite yesterday afternoon's reversal higher. The concern continues to wash up on our shores from Europe, where conditions don't appear to be improving any. There has also been intervention by some central banks on the part of their currencies.

The Bank of Japan intervened to knock the rising Yen down, which had been hampering exports there. The Swiss National Bank also made moves to try to halt the rise in the swiss franc. This has served to boost the dollar.

In economic news, monthly same-store sales reports were mixed for the most part, which hasn't spurred any enthusiasm in retail stocks. All the sectors are sharply lower so far this morning. The only securities I see that are in the green are the flight-to-safety ones like gold, which is hitting new highs near $1678, and Treasuries as the 10-year yield drops down to 2.48%. Interestingly, the 10-year yield was lower than this last October.

Trading comment: Today feels like capitulation, as many stocks are down 5-7% and volume is very heavy. The market is very oversold, and the conditions for a sharp bounce are falling into place. I have been watching the investor sentiment indicators to see when they get jumpy, and we are starting to see it now. The volatility index (VIX) is up 22% today to 28.50, an extreme jump. The put/call ratio has been above 1.0 all week, and hit 1.45 earlier today. The bears in the AAII poll surged to 50% this week. And today the 1-month T-bill fell into negative territory! That means people were actually paying our Treasury dept. to keep their money safe. Trading bottoms are never pretty, and sometimes scary, but if you're looking to lighten up I think we are closer to that bounce we have been looking for.

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Wednesday, August 3, 2011

Stocks Struggle To Muster A Bounce

The stocks market is struggling to muster even a bounce after yesterday's sharp selloff. Some asked why the market sold off so hard yesterday, given we had a deal on the debt ceiling. As I have said for some time, the debt ceiling was more of a sideshow, and the real underlying concern for global investors was the deteriorating conditions in Europe and the economic slowdown here in the U.S.

This morning, the ADP Employment report showed private payrolls grew more than expected in July, adding 114,000 jobs. This sparked a bit of enthusiasm and the markets staged a small bounce into positive territory. But after the ISM Services Index came out below expectations at 52.7 (down from 53.3 last month), the market began to selloff.

News that bond yields were rising in Italy exacerbated the selling. Investors are worried about the spreading contagion in Europe. It's one thing to bailout a small country like Greece, but if the debt problems spread to Italy and Spain investors worry that the ECB and IMF don't have enough reserves to bailout everyone.

Investors are fleeing into Treasuries, which has pushed yields on the 10-year down to 2.57%. Also, gold prices have hit new highs near $1671. Don't forget that oil prices are now down near $92, and lower oil prices will help out consumers if this continues.

As for the VIX, it is currently -4% lower, and has yet to surpass Friday's high of 26 this week.

Trading comment: I showed this chart below the other day. As you can see, the break of the 200-day average opened the door for more selling. But if you squint to look at the RSI index in the top window of the chart, you can see that we are now more oversold than we have been all year. So the setup for a short-term bounce is in place. If you have been thinking about lightening up, I would wait for an upcoming bounce to sell into. That's how we are playing it, as we wait for a more solid buy signal down the road.





Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Monday, August 1, 2011

Monday Morning Musings

Well, that wasn't a very fun way to start off the week. Over the weekend leaders of the House and Senate reached an agreement on the debt ceiling to avoid default, and last night the futures on the Dow were up over 150 points. But the enthusiasm was short-lived this morning, as the market opened higher but quickly began to give back its early gains.

It appears that traders were prepared to sell into the opening pop. The Dow was up over 100 points, and then the economic news came out in the form of a disappointing ISM Index for July. The ISM fell to 50.9, well below expectations and also below last month's reading of 55.3. The news was disappointing and increased the selling pressure.

Asian markets had been higher overnight, and Europe was higher this morning. The dollar was also trading higher.

We have also seen reversals in oil and gold. Oil prices were positive this morning, but have slipped back to $95.20. And gold prices started off lower, but have firmed up near $1631.

The 10-year yield is falling further to 2.74% currently, as the bond market still seems more concerned with an economic slowdown than the debt ceiling shenanigans. The VIX is down -2.5% from Friday's spike higher.

Trading comment: The S&P 500 seems to be caught right now between its two key moving averages. Below you can see that it rallied right up to its overhead 50-day average near 1307, before running into resistance. It has now fallen all the way back to its rising 200-day moving average near 1285. This 200-day moving average is key support, and traders will lean on the SPX further if it can't hold that 1285 level.

That's the short-term picture. Right now there is also pressure coming from Europe, where the CDS market is trading near record highs for many Western European countries. Hopefully, we don't have another crisis over there like Greece. Big picture, I am still leaning towards a second half rally in the U.S. and want to buy this dip. If the market can't make new recovery highs later this year, that would be the first sign to me that this bull market may be long in the tooth.



Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Marketing Caution: Objects in mirror are closer than they appear

Yesterday was a road-trip day, driving from Fond du Lac, Wisconsin to just north of Battle Creek, Michigan as part of our family vacation. Wanting to get one more blog post written for Monday, I decided to peruse roadside advertising for some marketing inspiration.

What I got was a series of ho-hum, cliché billboards for various restaurants, sales, and the like; I thought to myself, why do companies try to get a catch-phrase to catch on – it’s such an expensive endeavor! Will I remember that Cracker Barrel tagline tomorrow? No. And I don’t.

A bit dejected, I caught site of the side mirror with the phrase: Objects in mirror are closer than they appear.

I thought, that’s very true in life as well as on the road.

Often, things we thought we left behind us come back to run us off into the ditch. And things we weren’t watching out for – competitors, technology, etc. – can catch up to us and overtake us if we aren’t paying attention. From a marketing standpoint, check those rear-view mirrors often for these 3 objects that are likely much, much closer than they appear:

1- The Competition
Take stock of what your direct and indirect competitors are doing. Is there a new business in town? Is new technology available to your industry? Is there a substitute product or service offering that could make what you have to offer obsolete? Who among your competitors is doing ‘what you do’ better than you? More efficiently? More inexpensively?

And just like on the road, don’t just watch what the competitor right behind you is doing – see if you can get a glimpse of speedsters coming up fast in the lane beside you.

2 – Dissatisfied Customers
You’ve probably heard this before: It’s not necessarily a problem that will result in a lost customer; it’s how you handle the problem. That customer who left yesterday in a huff because your clerk was rude, distracted or un-knowledgeable about your products or services? Today they’re calling you, sending you an e-mail or writing you a letter to tell you that you failed to satisfy. That is, if you’re lucky; if not, they’re already on Facebook telling all their friends and the whole world about how bad your business is.

You thought you left the problem behind when the customer walked out the door, but those bad reviews are going to be much, much closer than they appear, and they’ll result in lost business and lost sales. Responding to customer complaints as quickly as possible will help to minimize damage to your reputation and bad reviews online. If you messed up, say so, and make it right. If you didn’t mess up, you should still acknowledge the complainant’s feelings and experience as legitimate (their perception is, after all, their reality) and do what you can to provide them with new, more positive experiences.

3 – Problem Employees
So you sat down with the employee who caused the dissatisfaction noted in point #2 above, and now you believe that the problem is in the past. But if this employee has a history of providing poor customer experiences or if your communication was not clear to them, you stand a good chance of continued problems.

A point I have made in all of my books, including 365 Days of Marketing: employer loyalty is a highly laudable quality, especially in this economy when employers can have their pick of even the best employees who have been affected by the recession and slow economy. However, employer loyalty is misplaced when it is bestowed equally on top performers and conscientious, customer-service minded staff as it is on individuals who provide poor customer service, who negatively impact morale in your organization, who are cynical or even subversive when it comes to your programs and initiatives or who otherwise negatively impact your organization.

As you’re cruising down the road this summer, check those rear-view mirrors for these things that could come back to run you off the road!


Elizabeth Kraus – 12monthsofmarketing.com
365 Days of Marketing is available on amazon.com in book and digital formats.

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More