Archive for November, 2008

Accepting Payments - does your process work for your customers?

Sunday, November 23rd, 2008

Yesterday, I was doing some Christmas Shopping for my daughter at Forever 21 and after I had selected the items that I wanted to purchase I walked to the end of the line.  I waited at least 20 minutes to check out, and I thought to myself ‘there is no way that I am doing this again’.   If I would have seen the line prior to walking in the store, I would have gone somewhere else. 

There are too many choices for consumers to spend money, and it is amazing that when it comes to collecting it, many companies don’t know when they are destroying the goodwill that the shopping experience may have created. 

A month or so ago, my husband, daughter, and I were shopping at Apple, and again, it took forever to pay because we were getting a computer for our company, and businesses get a discount.  When we mentioned this, the staff seemed caught off guard.  We had to fill out a form, managers had to approve it.  We were very close to walking out without a computer because it took about an hour to check out. Interestingly enough, we were very excited that the Apple store had opened locally, so our enthusiasm definitely dimmed when we realized that it wasn’t going to be easy. 

Many companies don’t give much thought to the experience of paying for merchandise.  They assume that if the customer got so far as the payment line, that they are going to complete the transaction.  And, most likely they will.  But, they may think twice about returning any time soon.  They may mention to a friend:  “I really liked that store, but you have to wait forever to check out”. 

Why make it difficult for someone to give you their money?

On the flip side, a long payment line gives the impression to potential customers, that the store is popular, and that they may be missing something.  So, if there is a long payment line, make it fun for the people who are waiting or create ways to make it go as fast as possible.  Learn the busy times, and increase staff during those times.  The more customers who you are able to accomodate will pay for the extra staff personnel. 

Barnes and Nobel is very good about handling long lines.  When the check out line gets to a certain point, they often call for assistance.  This makes me feel that they have everything under control.

How do customers like your process for accepting payment?  You’ll have to ask.  They probably won’t tell you.

I welcome your comments.

Reputation Excite Drive = RED

Sunday, November 16th, 2008

RED equals power.  When used together, the objectives: Reputation, Excite, and Drive equal major marketing power.  Think about every marketing effort that you spend time or money on.  These could range from creating business cards, to multi-million dollar television campaigns.  They could be writing thank you notes, or making a follow up call.  Let’s explore these four marketing efforts that I just mentioned to explain how powerful RED can be. 

Reputation - the objective to build and enhance the sender’s reputation

Excite - Provide an incentive, either direct or implied for a receiver to act.

Drive - Provide the means for the recipient to contact the sender, or to take action.

Assume that our objective is have more people contact us. 

Business Cards are primarily used to provide contact information, which enables the recipient to call or email the name on the card.  So this means that the business card is driving the result.  If the card is an extension of the company’s branding, it will communicate the company’s reputation.  Most business cards don’t excite the recipient, unless there is a compelling reason for the recipient to act quicker with a phone call or contact. 

A television campaign can provide all three, but some don’t always provide the Drive.  Meaning, they don’t always provide the means for the viewer to act.  The design and the content work together to communicate the reputation of the advertiser whether it is intentional or not.  Most television campaigns want to Excite their audience about their brand.  

Writing thank you notes is a great way to build a reputation that is thoughtful, caring, and appreciative.  Thank you notes aren’t usually meant to excite a prospect although they can remind the recipient to call or contact the sender, so they can certainly drive the recipient to act.

Making a follow up call is another great way to build a reputation that is thoughtful, as well as organized, and thorough.  These can be used to excite a prospect, and are primarily used to drive the recipient to act.

It is important to know which objectives are attached to which marketing efforts so you know how to track each one.  Hint:  they aren’t all tracked the same way.

Next post:  Tracking the Drive Marketing.

Know that your marketing works

Saturday, November 15th, 2008

Learn to know what works.  Ask questions, get answers.  This blog will be updated weekly.  ~Jill Reed