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Posts Tagged ‘business intelligence’

Customer-First Marketing: The customer is always right … but not always right for your company

October 19th, 2017

You’ve heard the saying a million times, I’m sure. “The customer is always right.” It is so ingrained in Stew Leonard’s that the supermarket chain has engraved it in stone and put it right in front of its stores.

And yet, while customers can offer valuable insights, if you’ve spent any time at all monitoring customer feedback, you know that customers can have some interesting opinions. Controversial perhaps. Wacky even. Impossible to bring to market in a profitable way. And occasionally downright bizarre.

So how do you square this circle? Customer feedback is extremely valuable, but customers don’t always know what they’re talking about.

Exhibit A: One Homer J. Simpson. In an episode of “The Simpsons,” Homer find his long-lost half brother, who happens to be rich and owns a car company. His brother offers to give him a free car but soon realizes that none of his company’s cars are what Homer really wants.

Sensing an opportunity, he sees Homer as the proxy for the “average man” and unleashes him with totally authority to design a car. The result — a monstrosity. (“You know that little ball on the antenna that helps you find your car in the parking lot? That should be on every car!”) And a monstrosity that costs $82,000, to boot.


The customer isn’t always right, your customer is always right

Here’s the problem. Homer is not the ideal customer to purchase a new car. If you’ve watched the show, you know he drives an old, beat-up, used car. So while he had lots of ideas, he never would have actually been able to buy the car he was designing.

How do you use customer feedback as valuable business intelligence without ending up having to market an $82,000 automobile with three car horns that play “La Cucaracha”? Here are a few tips to help set you down the right path:

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Content Marketing: 9 examples of transparent marketing

February 21st, 2014

I don’t normally read press releases.

Frankly, most are just spam that I’m constantly trying to remove my email addresses from. However, one recently written by Amanda Presley of MSR Communications caught my eye.

“February 12th is Abraham Lincoln’s birthday, and what better way to pay homage to ‘Honest Abe’ than by looking at all the ways marketers can be more upfront and transparent with customers?”

She went on to discuss how her client, Kentico, viewed content marketing.

“Transparent content marketing: It’s not enough to just sell anymore. You need to inform. [For example, Kentico customer] Corner Bakery makes it easy to get nutrition figures when ordering online.”

So in the spirit of Honest Abe, let’s take a look at a few examples of transparent marketing that Amanda dug up from around the Web, along with key takeaways I provided for each to help you put these lessons into practice.

 

Lesson #1. Customer complaints on social media networks = visible business intelligence

 

Key Takeaway: I feel for Verizon Wireless and other tech companies. Our expectations for always on, always working, always super quick technology must be hard to fulfill. Admittedly, I’m just as impatient and immediately blame the product instead of my own user error.

These complaints, even when unrealistic about technological capabilities, are business intelligence gold. Don’t hide your customer complaints. Do as Verizon Wireless does on its Twitter account – address them very publicly and show how you are using their feedback to improve your product.

We all make mistakes. Most customers are very forgiving if they feel they are being heard and their problems are being considered.

 

Lesson #2. Help customers help themselves

Customers want to eat healthier. 

 

And take care of the environment.

 

Key Takeaway: There are no perfect choices in a free market. Life is a series of tradeoffs.

Help your customers make those tradeoffs to the betterment of themselves by showing the positives and negatives of the different products you offer, as Corner Bakery does with its nutrition calculator, Nike does with its Materials Sustainability Index and Patagonia does with The Footprint Chronicles.

“By being transparent with you, we can invite you into the conversation,” Rick Ridgeway, VP for Environmental Initiatives, Patagonia, told Fast Company’s Simon Mainwaring in an interview.

“Hyper-transparency is a must. It’s not something we should be afraid of; it’s something we welcome,” said Jim Hanna, Environmental Impact Director, Starbucks.

Bonus points when you let customers know why they should buy from a competitor instead of you, when it serves them better.

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