LearnShareProsper logo Boosting Business_Performance Adele Sommers
by Adele Sommers, Ph.D.
 www.LearnShareProsper.com Adele@LearnShareProsper.com 
In This Issue

May 1, 2008
Volume 4, Issue 9

"How-to" tips and advice on increasing business prosperity, published every other Thursday.

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Greetings!

- Feature Article: Do You Have a Suggestion Box?

- Note from the Author: What Do These Ideas Have in Common?

- Special Message: Small Companies Can Deliver High Value to Customers

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Note from the Author

What Do These Ideas Have in Common?

Coffee, grinder, and cupWhat do small companies, coffee, suggestions, and customer satisfaction all share in common?

They all play a part in today's exploration of powerful ways to convey value through your offerings, and how to engage in conversations with your prospects and customers about exactly what matters to them.

For example, companies that have chosen to remain small -- in part, so they could continue to engage in essential conversations with their valued customers, suppliers, employees, and community leaders -- offer one very important slant on this topic.

In contrast, other companies that have grown very large, such as Starbucks, are searching for ways to reinvent themselves so they can reinvigorate their standing within their customer base. How are they going about it? By asking for suggestions, of course!

For these reasons, I hope you enjoy today's features, including "Do You Have a Suggestion Box?" And please join this conversation by leaving your comments on my blog!

Here's to your business prosperity,

Adele
Adele Sommers, author of the "Straight Talk on Boosting Business Performance" success program

P.S. If you missed any previous issue, visit the newsletter index!

Special Message

Small Companies Can Deliver High Value to Customers

"Small Giants" by Bo Burlingham"Small Giants: Companies That Choose to Be Great Instead of Big," by Bo Burlingham, chronicles how some exemplary companies have focused on attaining greatness rather than size, going against one popular notion of business success.

The author tells the stories of 14 remarkable, privately held companies, in widely varying industries across the country, that reject the notion that great companies must continue to grow their revenues year after year.

Instead, they have adopted goals such as being great at what they do, creating a great place to work, providing great customer service, making great contributions to their communities, and finding great ways to lead their lives.

The author searched for the important ingredients that give these companies their advantages, and revealed 7 common themes in the lessons they have learned:

  1. The founders and leaders had recognized the full range of choices they had about the type of company they would create.
  2. Leaders overcame enormous pressures to take alternative paths and avoid those they did not necessarily want to follow.
  3. The relationships cultivated with the local city, town, or county in which each company did business are extraordinary.
  4. Customers and suppliers enjoy exceptionally close relationships with these companies.
  5. The workplaces of each of these companies also appear to be unusually intimate.
  6. The variety of corporate structures and modes of governance in these companies is notable.
  7. Leaders bring passion to what the company does. They love the subject matter, whether it be music, safety lighting, food, special effects, constant torque hinges, beer, records storage, construction, dining, or fashion.

To watch Bo Burlingham's hour-long presentation on this topic, follow this link, and enjoy absorbing some of the fascinating details from this book!

Feature Article

Do You Have a Suggestion Box?
by Adele Sommers

If you have a suggestion box for your business, how sincerely do you consider the recommendations and complaints you receive? If you haven't yet tapped this invaluable resource, I encourage you to create a collection repository and actively seek to fill it. This article offers several tips for using the input you receive to greatly strengthen your business and bring in more revenue.



Raising the Bar for Suggestion-Gathering

Suggestion boxStarbucks just recently designed an online suggestion site to find ways to revive its struggling U.S. beverage business. Despite its astronomical growth and success worldwide, this giant has recognized the importance of seriously soliciting its customers' concerns and desires in order to remain viable in the marketplace it dominates.

The Starbucks suggestion site resembles an online social network that lets visitors share, vote, discuss, and see what actions Starbucks is taking to implement the ideas. What more powerful way to show patrons that you are listening than by disclosing exactly what you're doing!

Just a few of the suggestions Starbucks has received so far, and is seriously considering, include:

  • Providing educational coffee classes
  • Giving customers a *free* cup of birthday coffee
  • Offering discounts when patrons bring their own mugs
  • Offering high-protein breakfasts and gluten-free baked goods
  • Letting customers swipe cards as they come in the door to bypass long lines
  • Creating a punch-card system for a *free* beverage after so many purchases
  • Creating a media-based community to foster conversation on arts and events

As you can see from just this short list, ideas for new offerings, as well as possible remedies for concerns (such as waiting in line, foods that don't satisfy everyone, or a perceived lack of sensitivity to the environment) have surfaced in the process.



The Risks of Ignoring Your Audiences

Frustrated female customerIn contrast, if you've ever tried to offer constructive ideas to business owners or customer service representatives -- only to learn that they had no way to collect them -- how did it make you feel?

The last three out of five times I've tried giving suggestions, I've slammed into a dead end. Since I'm always bubbling over with ideas about how companies can improve their customer service, I'm chronically disappointed when I find they're not waiting with open arms and ears to receive to them -- even when the issue has caused me considerable angst as a customer.

These very same sentiments can cause people to quietly stop patronizing your enterprise and take their business elsewhere, often without ever telling you why.



Ideas for Mining Your Data

Your customers deserve no less than the very best of experiences with every facet of your offerings. Revealing and remedying annoying hassles can stem the exodus of any cranky customers and help you begin building a base of "raving fans." Also, as Starbucks has demonstrated, requesting and carefully listening to creative ideas can spark a new romance with your audience base.

Mining gold in your databaseSo, once you have a suggestion box or even technical support logs that contain customer feedback, you can comb through them to identify suggestions of every type. What's really been bugging your customers or stopping them from getting things done? Are they recommending improvements in any area? See which kinds of trends you can spot.

For example, are people having trouble purchasing, using, or installing something, or wrestling with just getting started? Are they reporting bugs or service problems? Are the instructions incomplete or confusing? Are customers asking about features that you don't yet support? Look for the following possibilities:

  1. Immediate but basic problems that you can remedy right away.
  2. Major malfunctions occurring that should be documented and fixed.
  3. Gaps in the internal hand-offs for converting prospects into customers.
  4. Customers or prospects needing something that you don't offer, which could ignite ideas for new offerings, accessories, and promotional campaigns. They might be telling you exactly what you need to know to spin off your next product version!


More Ways to Work with Customer Feedback

Below are additional ideas for revealing your customers' aggravations and creative suggestions, and then addressing them.

1. Poll customers using Web, mail, or e-mail surveys, or support calls.

Happy female customerYou might ask what your customers love and don't love about your products and services, and how they might suggest improving them.

For example, consider expanding routine customer support calls by asking customers: "Is there anything you can think of that could enable our products or services to better assist you?"

Customers may find it very refreshing to finally reveal their pet peeves or suggestions. Imagine how thrilled they will be to finally be heard and taken seriously!

2. Observe your customers using your products at their own facilities.

It may be a real eye-opener to watch your customers try to install, set up, learn, and troubleshoot your product without having someone guide them through every step. If you had intended your products to be self-explanatory and simple to use, this could reveal several aspects in which they are not.

3. Examine and prioritize your findings using the 80:20 rule.

Frustrated male customer running out the doorTry to determine which 20% of the hassles (the "vital few") seem to be giving your customers 80% of the grief. These are the issues that may be sending customers running for the door. Conversely, you could look for that handful of creative ideas that, once implemented, could generate the majority of the resulting new revenue streams.

In either case, continuously work with the top-most issues until you've addressed everything down to the noise level. It's easier said than done, but in the long run, your customers will really appreciate it!

In conclusion, your suggestion box, customer database, or other observations may represent an under-exploited source of new income streams. The information you glean can eliminate customer headaches, boost customer loyalty, and lead to new or improved offerings and precisely targeted marketing campaigns that open revenue doors. Therefore, you have everything to gain by taking charge of this data and mining its treasure!

Copyright 2008 Adele Sommers

The Author Recommends

A Reminder about What Matters

"Not everything that can be counted counts, and not everything that counts can be counted."

-- Albert Einstein

About the Author

"Straight Talk" Special Report
"Straight Talk" Workbook

Adele Sommers, Ph.D. is the author of "Straight Talk on Boosting Business Performance" -- an award-winning Special Report and Workbook program.

If you liked today's issue, you'll love this down-to-earth overview of how 12 potent business-boosting strategies can reenergize the morale and productivity of your enterprise, tame unruly projects, and attract loyal, satisfied customers. It's accompanied by a step-by-step workbook designed to help you easily create your own success action plan. Browse the table of contents and reader reviews on the description page.

Adele also offers no-cost articles and resources to help small businesses and large organizations accelerate productivity and increase profitability. Learn more at LearnShareProsper.com.

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