Black Friday Frenzy

PLEASANT PRAIRIE, WI - NOVEMBER 28: Mary Banks...
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I wonder just how long it is going to take before the Black Friday frenzy comes to an end.  It really is the ultimate insult to and manipulation of the consumer, but everyone is so caught up they don’t even notice.

There was a time when Thanksgiving was about giving thanks and spending quality time with family during an extended weekend.  I know the day after Thanksgiving has been a huge shopping day since the origins of the Macy’s Thanksgiving Day Parade back in the 1920s.  But it never seemed to dominate the holiday and our good thinking before.

Somehow along the way, sellers of high priced electronics started offering deals that lured sensible people out of their beds during the wee hours of the morning on a day off.  Other retailers have followed suite and the shopping mayhem is widespread.  Back in the 60′s, the term Black Friday was first used to describe the headaches the police had to endure to with all of the shoppers clogging the busses, streets, and stores in the downtown areas.  It wasn’t a very favorable term.

More recently, it is used to describe the time when retailers go from being in the red, unprofitable, to being in the black, profitable.  What a huge feat of marketing genius.  Let’s be completely transparent with our motives in the marketing messages.  Let’s not focus on the benefits to the consumer (which is not really our top priority at this point), but instead let them know that we are pulling out every trick we can think of to get them, in herd-like fashion, to bring us pockets full of money on one day so we can turn a profit.  Let’s call it “Give Me All Your Money so I can Make a Profit Day.”  No, that’s too long.  How about “Black Friday.”

Now that the crowds are well trained to show up, there seems to be a growing dissatisfaction with the new “holiday.”  First, it’s not safe for everyone.  In recent years there have been hospitalizations of pregnant women and even deaths as a result of mob-like stampedes to get the few ridiculously low priced items used to lure everyone into the stores.  (Retailers have started to issue numbers to the people waiting in line to curb this behavior.)

Second, people are annoyed that there are only a few ridiculously low priced items used to lure them into the stores. If your odds of being lucky enough to give the retailer your money for the promotional item are scarcely greater than playing the lottery, it may be easier to stay in bed and shop on the internet.

Now that sounds like a great idea – getting consumers to shop from the comfort of their own homes (or at work if that is more convenient.)  We could call that Cyber Monday.

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Business Start Up Advantages

Creamy center = sketch of business plan
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When starting a new business, most people can only think of all the challenges and disadvantages they have relative to established players. Here is a helpful blog post written for new software companies that I think is true for all companies.

Your Just Getting Started

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Finding Your Niche on Facebook

While many people are using Facebook for social purposes, small business owners are trying to use it for business purposes.  Having clear goals and a strategy for engaging in social media for business purposes is important.  On Facebook, there is an opportunity to grow connections to people in your targeted niche.  The following video covers why you might want to do business on Facebook, what some of your goals should be, and how to connect with your target market.


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Be Careful How You Use Twitter

TwitterWhile social media may be all the craze these days, it is important to link your approach to using it back to your business objectives.  Just because something can be done doesn’t mean it should be.

There was an article in USA Today on how Social Media Like Twitter Change Customer Service.  It covered how more than half of the Fortune 100 companies use Twitter to provide customer service.  Now, while I am a fan of social media and embrace its use in business, I believe companies must be careful in how they do it.  In order to meet the expectations of the Twitter-sphere, to provide customer service on Twitter means having lots of people on the watch for a mention of something said that should be addressed immediately.

Comcast has 11 people and Microsoft, just for their Windows 7 product, has 7 people responding to customer service related posts.  Companies are spending millions to do this.  While it is only a fraction of the multi-billions of dollars spent on customer service, it seems to be moving the trend in a direction that is not so good for business.

Social media can, and often does when applied appropriately, drive down the cost of doing business, and in particular customer support costs.  Support communities with both the company and, more importantly, other customers and product experts can provide answers through forums seems more efficient for everyone.  Everyone learns and has their needs met faster when common questions are shared, suggested answers are proposed, near real time fee can be shared, and solutions are verified.  Better yet, the next person with the same issue can benefit instantly from early exchanges.

The use of Twitter to provide customer support has the potential to do just the opposite of what is good for business and their customers.  Instead of the cost going down, using Twitter can drive more one-on-one requests for support and therefore higher costs.  It can make it difficult for other user of the company’s products to provide their experience (there is a low probability of someone having a group of people they follow on Twitter just because they use the same cable TV company.)  Additionally, as the tweet stream vanishes over time, so does the knowledge with it.

In contrast, support communities allows others, including non-paid employees, to handle questions that arise, retains the knowledge, and makes the knowledge search-able by others with the same issues.

It might be interesting to learn a little more about how Dell is using Twitter. In the article, although they have multiple Twitter accounts, they weren’t the ones to respond to the tweet.  Someone told them how to get in touch with a Dell expert.  Was that expert a Dell customer service rep or perhaps someone active in Dell’s support community?  In this instance, it appears as though Twitter was used as intended, to pose a problem and have someone, not necessary the company, help point them in the direction of a solution.

Sending people to the support community with your 140 characters might train people to go to the most helpful and cost effective place first instead of starting with Twitter.

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Considering the Customer’s Perspective in Marketing

When designing marketing messages and campaigns, the whole point is to encourage consumers to purchase your products or services.  However, most marketing efforts miss the mark because the focus is in the wrong place.  Instead of thinking about your product and services and what you want to share about them, thinking about the customer’s perspective will drive radically different behavior and results.

What this video to understand what a difference perspective makes in marketing.

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