Your Products Don`t Have To Be The Cheapest.Written by Akinori Furukoshi
Don't Fight A "Cheapest Price" WarAs a business owner, you want people to spend money on your business rather they go and shop at other places. Because of e-commerce boom, shoppers have too many choices these days. Your business must stand out from hundreds or even thousands of competitors. --Cheaper is Better?-- Maybe, you are thinking cheapest price will attract customers. Sure, it does, but that's way most of dot coms end up deleted from syberspace. They priced their products or services too low. Their profit barely covered their expenses. Webmasters hope increased business volume will give them big bucks someday, but that "someday" never comes. If each sales doesn't make any net profit, increased sales volume won't make any profit either. Zero times one million is still zero. That's simple arithmetic, isn't it? --The Best is Good?-- OK, cheapest doesn't work. How about being best or better? Well, providing best products or services is essential, but telling people yours is best doesn't work. Phrases like "the best deal," "the best quality," etc., are overused already. Today's shoppers are accustomed to those phrases. They don't think any product can REALLY be best. They just think "Here comes another one," and they are gone. --Be Different and Be Unique-- To win game, make your business appear different from others. Be unique. Again, using over used phrases won't make your business unique. It only makes your business alike - like other businesses. So, how do you make your products or services different from others? You can call your products or services by a special name, or in some cases, tell world what you have been doing. Honestly and in detail.
| | When Avon Doesn't Call: A Lesson For Internet MarketersWritten by Mary Anne Hahn
Probably most of you have heard of Avon Products, Inc. Founded over 100 years ago as a small perfume company, Avon has grown into a huge multi-billion dollar corporation that sells products ranging from cosmetics to clothing, jewelry and knickknacks to customers in nearly 140 countries.Like many women, I have my own "Avon Lady," someone from whom I have ordered on a regular basis over last couple of years. Mary works in same office building as I do, one floor below mine. I suppose Mary makes a nice little side income from her Avon customers. But Mary has a bad business habit that I think we can all learn from, and avoid. Whenever I order items from an Avon catalog, Mary always delivers them to me promptly, in one of those little white Avon bags that company provides. Inside bag, along with items I've ordered, she conveniently includes a copy of newest Avon catalog. So far, so good. But here's thing--if, for whatever reason, I don't happen to order anything from new catalog, Mary seldom drops me off a copy of *next* catalog. Or one after that. Or one after that. In fact, if I don't order during a particular campaign, only way I get a copy of newest Avon catalog is when I call and ask her for one! Now, how much business do you think Mary loses from me each year due to this oversight? Then, multiply that number by amount of business she loses if she handles all of her regular customers same way, which I imagine she does. Failure to follow up with her regular customers probably costs Mary hundreds of dollars each year. Maybe more, if any of her customers decide to switch to another Avon distributor.
|