Everyday Relationship Management

This practice of deliberate relationship management isn’t about false sincerity, people can spot that a mile away, it’s about connecting with the people who support you and have linked up with you and your business. So, make it a priority to CALL, NOT EMAIL 20 to 50 people in the next five days. After this pick a time at the end or beginning of the year and begin a tradition of connecting with those very important people in your business. Thank them for their support and let them know how much your appreciate them and that you are looking forward to strengthening your relationship with them in the coming year.

As a manager of a couple of different Christian retail stores I took a similar approach as Tom Peters. I focused on pastors, Christian and non Christian radio stations, Para-church ministry’s, newspapers and Christian television stations. I would set aside time each month, one or two days to call and connect with the pastor’s who regularly shopped in my store. I wasn’t calling to sell them anything, just calling to ask them how THEY were doing how were things at their church and if there was anything I could do for them. In addition to calling them I would make it a point to attend seminars, conferences, concerts and other special events at these same pastor’s churches throughout the year, I wanted them to know I supported them and was there for them.

Establishing Trust (part 1)

Marketing happens 24/7. It happens any time and any where our companies touch our customers or our prospective customers.

Dictionary.com defines marketing as: the total of activities involved in the transfer of goods from the producer or seller to the consumer or buyer, including advertising, shipping, storing, and selling.

Investopedi.com offers the following commentary – marketing is everything a company does to acquire customers and maintain a relationship with them. Even the small tasks like writing thank-you letters, playing golf with a prospective client, returning calls promptly and meeting with a past client for coffee can be thought of as marketing. The ultimate goal of marketing is to match a company’s products and services to the people who need and want them, thereby ensure profitability

According to the 2010 Edelman Trust Barometer http://www.scribd.com/full/26268655?access_key=key-1ovbgbpawooot3hnsz3u trust and transparency are as important to corporate reputation as the quality of products and services. In the U.S. and in much of Western Europe, these two attributes rank higher than product quality – and far out-rank financial returns, which sit at or near the bottom of 10 criteria in all regions.

If we want our marketing messages heard, if we want to tell our story and we want people to listen then trust must be established.

Marketing – Story – Trust

Marketing happens 24/7. It happens any time and any where our companies touch our customers or our prospective customers.

According to the 2010 Edelman Trust Barometer http://www.scribd.com/full/26268655?access_key=key-1ovbgbpawooot3hnsz3u trust and transparency are as important to corporate reputation as the quality of products and services. In the U.S. and in much of Western Europe, these two attributes rank higher than product quality – and far out-rank financial returns, which sit at or near the bottom of 10 criteria in all regions.

If we want our marketing messages heard, if we want to tell our story and we want people to listen then trust must be established. In Tom Wanek’s book Currencies that buy Credibility he outlines six powerful “currencies” that earn trust with our customers and in turn build our business. Those six “currencies” are:

  1. Material wealth – offering warranties, guarantees or policy that put the financial risk on you instead of your customer. Wanek gives the example of One Hour Heating and Air Conditioning which became the nation’s first heating and cooling service company to offer on-time service.
    They created believability by fulfilling the promise of “Always on time or you don’t pay a dime”. They risked material wealth to build credibility.
  2. Time and Energy – investing your time and energy to offer your expertise and help solve your customer’s problem. For a great example of this check out the online retailer REI. REI takes their
    content to an amazing level by offering expert advice to outdoor experts or wannabees. What’s your expertise? How can you highlight it?
  3. Opportunity – carving out your niche and becoming specialized to the point you are willing to lose some customer’s. A great example of this is the toy store “Geppetto’s Workshop”. This unique toy story differentiates itself and prides itself in NOT carrying any toy that is made of plastic or requires batteries.  They go all out so that they don’t become ordinary. The absence of “popular and trendy” toys is what attracts the crowds.
  4. Power and Control – in today’s retail world customers have the ability to instantly share their experiences with a product or service. While standing in line at your store they can instantly update their status on Facebook with an account of outstanding service OR let their hundreds or thousands of friends hear first hand of a terrible experience. Consumers have power and control like never before which is why it’s of utmost importance that you empower your front line members to make your customers experience the most amazing experience that it can be.
  5. Reputation and Prestige – you will never get everyone to buy from you so don’t try. Holding true to your core values will draw customers to you while making your store unique, distinct and trustworthy.
  6. Safety and Well-being – identity theft continues to rise and privacy risks are regularly exposed. It doesn’t matter if it’s your website or mailing list, you need to assure your customers that you have processes in place to product their identity and privacy when they do business with you.

Successful marketing begins with telling your story. Stories have been used throughout history to tell us where our ancestors came from to the parables of Jesus that explain truths.

So, what is YOUR story? What is the story, the mission of your retail store? How are you telling that important story?

Trust + Story = genuine customer satisfaction, growth, profit and impact.

Book Review: Currencies That Buy Credibility (final)

In Part two of the book Tom gives some great examples of
companies putting the “Currencies” into practice. Some examples include

         
One Hour Heating and Air Conditioning became the
nation’s first heating and cooling service company to offer on-time service.
The created believability by fulfilling the promise of “Always on time or you
don’t pay a dime”. They risked material wealth to build credibility.

         
When talking about the currency of “Time and
Energy” Tom highlights the trusted and go-to online retailer REI. REI takes their
content to an amazing level by offering expert advice to outdoor experts or
wannabees. What’s your expertise? How can you highlight it?

         
The currency of “Opportunity” highlights toy
store “Geppetto’s Workshop”. A unique toy story that differentiates itself and
prides itself in NOT carrying any toy that is made of plastic or requires
batteries.  They go all out so that they
don’t become ordinary. The absence of “popular and trendy” toys is what attracts
the crowds.

         
Chapter Seven gives great insight into how
transparency builds extreme credibility. Shoeline.com and Google are both cases
in point.

         
The currency of “Reputation and Prestige”
relates the story of how Patagonia put a stake in the ground that either
attracts or repels their customer. By staying true to their core values they
have continued to build out their reputation and establish themselves as a
brand of prestige.

         
“Safety and Well-being” are the final currency Tom
tackles with a great story about identity protection specialists Lifelock.

 

In
the final section of the book Tom wraps it up by challenging us to ask three
important questions:

 

1.       What
are your company’s defining characteristics?

2.       What
signals do you decisions send?

3.       Is
there conflict between what you are saying and who you are being?

 

Currencies
that buy Credibility is a book that will be a perennial read for you.

Book Review: Currencies That Buy Credibility (part one)

A couple of days ago I finished reading Currencies That Buy Credibility by Tom Wanek. In addition to being an international speaker Tom is an adjunct faculty member of the Wizard Academy founded by another great author and marketing "wizard" Roy H. Williams.

In a day and time where trust is at an all-time low and marketing messages are "unbelievable" Tom provides us with a map for building credibility and regaining trust with our audience. He says, "The believability of your company's marketing message is directly related to your willingness to risk or spend one of six resources. And the more you risk or spend, the more believable your message becomes.

The six currencies that Tom outlines are:

  1. Safety & Well-Being
  2. Time & Energy
  3. Material Wealth
  4. Reputation & Prestige
  5. Power & Control
  6. Opportunity

Over the next several days I'll be posting my takeaways and learning from this great book.

Don't Talk Like a Robot to Your Customer

Earlier this evening I was reviewing my file of saved quotes and came across this one from Andy Wibbels. He said, "Show your passion for helping your customers solve problems – and talk to them like you talk to your friends. A real, enthusiastic, human voice is every small business's edge"

This is a great reminder from Andy. With so many different things competing for our time and energy, it's easy to become robotic in our responses to our customers. Keep your human voice strong and your business edge sharp.

What is one thing you do to maintain your enthusiasm for what you do?