bwagy, the blog of Ben Young

Just to revisit let’s look at Will Smith’s two things to be successful:

Running & Reading.

httpv://www.youtube.com/watch?v=KEMEBBwO6J8

They do go hand in hand. Reading gives you knew ideas and running gives you an opportunity to digest them.

So why is it one person reads books takes away tremendous value and nada for others.

The reason I ask is I know plenty of intelligent people who read ‘the books’ yet they don’t appear to be that much improved by it.

The reason is opportunity, they don’t have the opportunity or the ability to make an opportunity to execute the ideas they’ve gleamed.

No opportunity = no risk = no success = no learning.

So why would we expect them to get the most out of it?

An elevator pitch helps investors. But what about your customers?

A quick technical paragraph might sum it up.

But do I understand it? When you look at a group of people conversations are going to ensure understanding. Not a one size fits all solution.

The “I have a dream” foundation says exactly that. By treating everyone as individuals their individual understanding and increase dramatically.

You have to know opportunity when it knocks, what it looks like (it looks like a challenge). Often it’s fun that looks like a challenge or a challenge that looks like fun.

You have to be prepared for it, opportunity is like going for a run between breaks in a thunderstorm, you watch for the opportunity, you know what it looks like but you have your running gear on.

You have to seize it, quick. Again YOU. That’s ‘your opportunity uncovered’ so attack.

Simple. Not hard.

How do you get better at making and seizing opportunities? Plan for hundreds of opportunities.

List all the stuff you want to do (it’s no co-incidence that Bill Gates plans a decade ahead and is able to seize the opportunities that allow him to complete them). And prepare for them.

The more you seize the more you learn to ignore that nagging voice inside which stops you, slows you down and really is the reason you can’t sleep at night.

Doing stuff can be as frictionless or as tough as you want it. You just need to refine that ability to push through and do what needs to get done.

In short you make opportunities through the three p’s: Planning, Preparing and Pouncing.

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Photo Credit: Jijis008

You know what the problem of Hotel comparison websites are? (or any price comparison website).

They reduce Hotels to a commodity.

When cheap you focus on rooms as a commodity.

When expensive still focus on room but the real value is in the experience.

Price comparisons don’t communicate that.

What’s the price of a relaxed holiday where everyone smiles at you? Or provides free wifi so you can find the best activities online? Or the fact the room is dead quiet so you can rest?

That’s what we forget when we get stuck in price mode.

“Low barriers to entry high barriers to success”

That is, anyone can leap in due to the democratisation but success? That’s another whole ball game.

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My favourite page in 37Signals latest book Rework.

Give it a read, at least once, if not twice.

Writing.

Listening.

Communicating.

Do you do a Microsoft and ask what customers want? Or do you do an Apple and tell them what they want?

These are two sides of the equation that people often flip between or have difficulty deciding on what’s right.

The thing you need to take into account is the market state.

What is the state of the market?

If you’re the big player you want to listen to your customers, keep them happy, you have a lot to cater for.

If you’re the small guy you can’t compete on that basis, you need to figure out tangents which you can take the customer that help make you big.

And they are as follows:

• Do not make me register before purchasing. This is like me going into a store, picking up a t-shirt, trying it on, showing it to my fiance, deciding to purchase it, then you ask me to fill out a form before I can buy the dam thing. By the time people want to buy products let them buy it! Use some special magic to turn their first order into an account but do not ever make me register to give you dollars.
• Show me what I’m buying! Tiny pictures are useless. What if I want to show my grandma? She will just say go to the store buy it there. Give users all the media you can (without overwhelming them).
• Don’t show me stuff that I’m not interested in. Set a cookie on the visitors computer and show me stuff I’m interested in when I return. Show related items. Upsells. Things that improve my life (or the product I’m buying). That leads to the next one
• ALWAYS HAVE A MOST POPULAR SECTION. People like to be reassured, why do we buy fashionable clothes? It’s what everyone else has. Make it easy for someone who needs reassurance, oh that’s the most popular speakers maybe I should look at them. Not rocket science.
• Make it interesting! Give categorisations, tags and lists that are meaningful. Girlfriend Gifts, Valentines, Ways to say your sorry, Keep your guy happy, Nieces, Difficult Teenagers lists. You get the idea – don’t make me question whether my little sister will need this. Tell me, show me and then convince me she needs it (difficult teenage girl list).
• Provide diverse (and easy) payment options. Credit Cards #1. Paypal.
• SSL. Tired argument, but protect my data! Even 8 year olds can tell a website isn’t secure.
• Do not show dollar signs (where you don’t have to), stick to digits, $50.00 looks more painful than 50.00 (restaurants do this all the time).
• Also ALWAYS indicate currency. Even if you assume USD do not give anyone nasty surprises.
• Keep shipping to an absolute minimum, set expectations, free shipping with x spend. People don’t like to be surprised, the last thing you want is them to leave because shipping is unexpectedly high. Give FREE shipping wherever you can.
• Return Policies. Like the informercials widely offered never used. Return policies allow people to overcome the ‘I don’t know if that hoodie is nice in real life’. If it isn’t I can send it back. Works a dream for Zappos will work a dream for you.
• Tell me when you ship! And give a tracking code. It keeps you honest and me in the loop.
• ALWAYS SEND YOUR PRODUCTS IN UNIQUELY YOU PACKAGING. Let me say that again, when I receive my products from you (unless this is a discrete industry) everyone in the office or who walks by my desk should be able to identify it was sent by you. If they don’t, they will ask, this gives me the opportunity to share my story. Who doesn’t like showing off what they just bought? Each and every shipment is the opportunity for your best sales people (your existing customers) to sell to new customers. Facebook is built on this and it’s been a backbone of Amazon since the start.
• Newsletters. Newsletters are a must – how do I know when you get the new product in? Or there is a line extension? Or hey Ben you have the t-shirt why not get the hoodie? Remember my sizes. Follow up. Remember your customers are a club, a family, respect them and you will grow with them.
• Ask for permission. Don’t have anything in stock, let me tick a box or get an email when it’s back in stock. I will give you my permission – if only you asked. If in doubt ask permission.
• Engaging copy. I don’t want the stock standard copy. Let me know what it is, why I should buy it and how to do so. If this product is useless without another component, say so, and give me a link to buy that too (or better yet sell as a pack). Do not ever copy/paste the suppliers descriptions. That sells to people price comparing not to those who don’t understand what a 32gb ssd is.
• Avoid jargon wherever possible. Using intimidating words like ‘rephrase’ and ‘synonyms’ severely hurt MSN search engines early uptake. Use language that a 12 year old can understand and you’ll be fine. Expecting all your users to have degree level English is insanity.
• Remember what I looked at before! Amazon does this. I might have forgotten that last time I was looking at a surprise gift for my fiance. If you remind me I’ll probably grab it now that I’ve had time to think it over. It also engages your users very very quickly.
• Ship everywhere. Even if it’s extremely expensive. For the right product to the right place people will spend more on the shipping than the product (I know I’m from New Zealand and everything is expensive to be shipped here).
• Have less in your catalogs. Yes the cost of adding a new product is zero. But the cost of clutter is everything. If something is a dog don’t sell it. Sell less, sell the best.
• Have a blog. Take products, trial them yourselves, unbox them, make videos. Break them, construct them, deconstruct them. Whatever. Give me an angle on the products which I haven’t seen before or which answer my initial fears about the product. Be honest.
• Allow product feedback. People will buy (or be convinced to buy) just off the feedback. Don’t fret if it’s bad, your customers can read between the lines if that bad review was biased or unbalanced.
• Do not, I repeat not, ever have adverts to other websites. You’re wasting real estate. If you think you can make more money pushing visitors to others websites where they then purchase, close down your shop, you’re doing it wrong. The google ads tells me you don’t know what you’re doing.
• Do something unexpected. Give me a nice little surpise. Maybe a thank you note in the order, a gift voucher or some free stickers. I’ll probably talk more about that than what you actually sent!
• Exclusives! Have exclusive members areas, maybe people pay for them (ie $50 for 10% discount on everything) or newsletter only specials. Make me feel like I’m special (aka status). I might not order but I’ll buy for someone else. #1 Rule in sales is the easiest sales are to your existing customers.
• Finally most of all obsess about your customers. Give them a call if there are any hick ups, let them know, the last thing people expect from ecommerce is a real life transaction (other than the end product) but when it happens it means the world. They’re really there and they really care.

ps
Track, measure, slice/dice data every which way. Analyse, interpret, make changes. Measure again.  Learn to adapt from what your users tell you through their actions. the answers are already there you just need to find them.

The reality is, no matter your beliefs, chances are you can find and connect with other people who share the same views.

That’s great, now you can have a club.

A place for all the extremists to hang out.  Being at the edge is good.  However when you realise that you can always find someone to reinforce existing beliefs… not so good.

You’d be better off chatting to other crazies.  Those that will debate and push back.  For they will ground you, keep you in check but also challenge.  Rather than reinforce.

Just a thought.

And celebrating! Esther and I are officially engaged!!

I proposed on the beaches of Waikiki in Hawaii last week and we made the announcement to our families last night (just got home yesterday).  So a bit of celebrations going on over here!

(Will organise a photo and upload it to my Facebook page)

Have lots of stories to tell and share from my trip, and a tonne of new writing to release so stay tuned.

-Ben

Off on an adventure! An adventure indeed. Thanks to Grabaseat and some quick draw purchasing I’m off to Hawaii for 8 days.

As such the blog will be taking a break. Bare with me. Feel free to read any of the archives below.  Did you know there are now over 450 posts on the blog?

• March 2010
• February 2010
• January 2010
• December 2009
• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008

I could autopost new blog posts whilst I’m away but hey that’s no fun, oh also I set up bwagy.tv with all my videos from radiowammo, feel free to tune in (I have lots more video content coming this year)

Till next week, chow!

Ben

Thanks to Kubina for the photo.

There are three main models (when looking at the founders point of view):

1. Build it as big as possible, expand the infrastructure/distribution/value factory, aim to make a little bit on each part in the factory.  Whole aim is around making it bigger than the founders.
2. Keep it as lean as possible, focus on the small, deliver maximum value.  Aim here deliver tremendous value to make excessive profits.
3. Build it fast to exit.  Little worries on profitability, reinvest to make profit (for founders) via exit.

Bonus Option
You are so remarkable you create a monopoly.  This adds extra profit in any option (probably mostly in the first option).

Just a few different thoughts/models on how to frame it in your mind.

#47: Listen (and really listen)
Listen to your clients, be proactive, give them a call, find out their issues, problems, even if it’s not related to you. This is where your networking can pay off you may know someone that could help them, or a blog post you have read that could.

#48: Don’t pretend
Be yourself, let your business reflect that, you are attractive, maybe not to everyone, but to a big enough group to build a business off.

And that’s it! Well from me anyway.

I wrote this about a year ago one night, when I thought what would I tell someone starting where I started, I hope it’s been of value to you.  If you’d like to read the full thread go here.

Starting out is always tough, it’s not hard though (as millions of other people have gone through exactly the same process) so most of all be prepared to listen, swallow your pride and learn.  I’d rather you became a stellar success than quitting as you weren’t prepared to adapt.

I may turn this into an ebook or short book at some stage (who knows) but if you’ve anything to add or wanted to ask me a question about any of it just send me an email to ben@bwagy.com – let me know how I can help.

Interesting announcement made late last week week, McDonalds (only in New Zealand as far as I know) has added Weight Watchers approved food items to the menu.

Copy/Paste from the NZHerald:

“It seems like an unlikely alliance, but Weight Watchers has backed three items on McDonald’s menu.

From today, New Zealand McDonald’s branches are offering three meals that each add up to 6.5 Weight Watchers’ points.

The meals, the Filet-O-Fish, the Chicken McNuggets and the Sweet Chilli Seared Chicken Wrap, are the same meals McDonald’s customers are used to. But 9000 staff in 150 restaurants around the country have had training to make the meals more consistently, with the same amount of sauce each time, so they fall within the points system.

The system allows those on the Weight Watchers’ programme between 18 and 40 points each day, which they must stay within to obtain and retain their goal weight.

The meals are served with salads and water or diet soft drinks.”

I know why McDonalds did this, easy:

• Help steer image to healthier products
• Lend some of Weight Watchers brand values (clearly at a price)
• Generate word of mouth (hey I’m talking about it)

But mostly provide an excuse for people to go into McDonalds (hey I’m getting the healthy option), really though once people are in there they will grab their regular meal.  McDonalds knows that.  That’s why they run new specials, cheap burgers because they know the biggest challenge is getting people to McDonalds – once there they can sell to them.

If you jump over to Weight Watchers Worldwide the first item on their approach is “learn to handle hunger and beat temptation” – dare I say if you are on Weight Watchers giving McDonalds the tick is totally in no way coherent with your mission.  Weight Watchers endorsing McDonalds…fail.

I don’t really need to explain this any more do I?

McDonalds: 1 Weight Watchers: -1,000,000

Give us your thoughts in the comments below…