I was called in to officiate at a
funeral yesterday. A long time client had created a core program to
outperform the one I had developed with them almost a decade ago.
The old program had been delivering
decreasing results every year, but the results of the new one made my
program look inspired.
The owner invited me to come by to
explain what was happening.
That was pretty easy. Yup, he’s
dead, Jim.
What was entertaining was how they had
developed their new program by massive internal discussions, like the
boys in Animal House cranking up Belushi with, “Toga,
Toga, Toga...”
From the story they told, their
customers never had a chance to participate...so they never did.
Our old program had evolved, from
looking at what was working, begging and pleading with the customers
to take a minute to tell us what they might want that was better,
and then finding a cost-effective way to provide it.
We took a middle-of-the-pack performer
and made them the segment leader in less than a year.
In the 1800’s, if you were a cotton
broker, you could develop a business
model and leave it unchanged for four or more generations.
Today, serious tweaks are usually
required in less than a year.
It’s less expensive to leave the
buyers out of the planning, but it’s also less valuable.
I’ve read how Steve Jobs could create
many new product categories all by himself, but I find that getting tactical
data from customers points the direction to effective strategy, and at the same time
develops the customer base for when the new offering is available.
How much are you hobbled by your
prior opinion?
Kick
off the New Year Right at Talk
Your Business - How to make more and better sales right away!
Wednesday
Jan 30,
11:45 - 1:00 at the Arlington
Chamber Small Business Roundtable