intangible value
202 posts
Sorry: Easy To Say, Not So Easy To Do
The assistant serving at the counter apologised for the long wait, then for not having received the order and finally for having no change. The cycle continued with every customer she served. There was a sorry for the wrong order given and one for the fact that the croissants hadn’t arrived that mor
Satisfaction Vs. Sentiment
Have you ever filled in one of those, ‘we value your feedback’ customer satisfaction surveys at the end of a meal or a service call? Perhaps you have used them to ask customers to rate your service? The theory being that satisfied customers are the end game. Deliver on expectations and people will s
Two Important Characteristics Of Successful Innovations, Products And Services
Successful innovations always start with the customer’s story. The products and services people use AND keep coming back to, create a change in that story. There is life before the product or service existed and a different life after. And so if follows then, that we succeed by thinking less about w
Value Creation And Stories To Believe In
Just 574 To’ak chocolate bars were produced in 2014 using hand sorted, heirloom cacao beans harvested from rare Ecuadorian trees. Each bar is engraved with an individual number, packaged in a Spanish elm wooden box and comes with a specially designed tasting tool (touching the chocolate with your fi
The Value Of Connection In A Low Touch World
What matters in a world where….we can tell a device to order the shopping, place our coffee order without speaking, have a conversation involving thumbs and zero eye contact and before we know it, get to our destination in a driverless car? What’s scarce today will be even more scarce tomorrow. And
The First Step To Building A Marketing Campaign
As marketers we tend to get lost in the tactics like designing flyers, scheduling tweets and growing a Facebook following—this makes us forget the more important stuff. A campaign by definition is “a systematic course of aggressive activities for some specific purpose”. The following is hard for you
The Characteristics Of Great Brand Stories
Great brand stories….. Are rooted in truth. Created with intention. Have a bigger purpose beyond a single bottom line. Add intangible value to something that was once a commodity. Take time. Make the customer the hero. Change how people feel about a product or service. Start with the customer’s stor
Taking Your Place In The Difference Economy
Whole Foods launched it’s first national and TV marketing campaign in 35 years on the back of losing 30% of its value in just six months. The company has been losing market share to chains like Walmart who are now stocking once hard to find sustainable and organic produce and selling it cheaper. The
The Misleading Advantage
The little gelato place down the road from us is dying. For three years straight they were the only good enough ice cream place in the boat harbour. The lack of competition meant that they could steadily increase their prices from $3.80 per scoop to $5.80 while continuing to staff the store with you
What’s The Reason?
What’s your reason for contacting that prospect? Why do you call her a prospect anyway? What’s your reason for sending that email? Why will everything be okay if you can just get the word out? What’s your reason for printing those fliers? Why does the world need your thing? What’s your reason for st
Efficiency, Quality, Value And Soul
A new public hospital is opening in Perth this week and along with cutting edge medical facilities patients can expect a state-of-the-art “free-roaming food delivery robots”. Our local newspaper reported that, “The 300kg AGVs will deliver up to 2200 meals a day, directly to wards without human inter
How Are You Creating Value?
Think about your favourite airline or a product you use every day and the supermarket you feel most comfortable shopping at. Now think about why you keep going back. What is it that this business delivers? The airline most likely sells similar seats, with average legroom, at around the same price as
How Great Products Are Born, Not Made
When you’re designing a product or service it’s easy to believe that making it the best in the world is what gives you a competitive advantage. But the thing about ‘best’ is that it’s subjective. ‘Best’ isn’t determined by you, it’s your customers and users who decide. The truth is that people don’t
Play To Your Strengths
If you look hard enough at what’s going right (and sometimes wrong) in a business there are always lessons to be learned. Take the story of Tom the decorator who built a great business over many years, then suddenly seemed to lose his way. Part two of that story explains why Tom succeeded in the…
Lessons In Brand Storytelling From The Airbnb Rebrand
I have to be honest, as an Airbnb evangelist and user I felt a little disappointed as I watched the company’s relaunch unfold. Of course I wasn’t viewing the whole thing through the eyes of an impartial observer. Anyone who is an early adopter of something that begins on the fringes wants that thing
Are You Using Soft Data To Create Value?
It seems like a no brainer to suppose that local businesses like a cafes, dry cleaners or dental surgeries—the kinds of businesses that serve the same customers week in week out, where the staff have the opportunity to look their customers in the eye, would take advantage of the fact that they look
Shifting The Focus From Results To Relationships
There’s a problem with how performance is measured by both ourselves and in our organisations. Typically you have a budget and targets to achieve. The purpose of the budget is to make sales go up, or waiting times go down. Our systems are designed to judge and reward us on results. If the campaign y
There’s More Than One Way To Tell Your Story
In 2004 Chanel paid $33 million for the production of a two minute film which became the most expensive advert ever made. In a post GFC economy that figure seems shocking, but Chanel is one of the most valuable global brands. They have the marketing budget and they’re not afraid to use it. Dropbox w
Stop Selling Stuff, Start Selling Stories
David is a genius who happens to sell for a living. I watched him sell a $150 pair of Ugg boots to a woman who had been killing time wandering through his souvenir shop with no big agenda one wet Friday afternoon. He began, not as many salespeople would, by asking what she was looking…
Tapping Into Empathy
Wherever you are right now stop what you’re doing and listen to the people and the conversations going on all around you. I’ve been working in public places a lot recently and here’s what I’ve found. Nobody is listening to anybody—not really. They’re pretending to listen while they wait for their tu
