Wanted: Unhappy Customers

Wanted: Unhappy Customers

Who in their right mind would ever “want” unhappy customers? The truth is…no one. But an ever-bigger truth is… if you run a business that deals with customers, you will have unhappy customers. 

“Your most unhappy customers are your greatest source of learning” –Bill Gates

The key is, how do you deal with unhappy customers?

When it comes to handling problems or unhappy customers, using this philosophy can help you look at the situation in a better light: “It’s never a problem. It’s an opportunity to create a solution to a certain situation”.

Handling customer complaints IS an opportunity to turn an unhappy customer into one of your biggest fans!  A study done by Ford Motor Company revealed that an unhappy customer who is turned into a happy customer is twenty times more loyal than a customer who has never been unhappy.

In the pre-digital world, studies proved that an unhappy customer would tell at least twelve other people about their poor or unpleasant experience, and a happy customer would tell one or two. In today’s digital world this quote is apropos, “A happy customer tells a friend; an unhappy customer tells the world.” 

Ask yourself this:

• Is your staff trained and empowered to turn unhappy customers into happy customers? 

• Do you regularly survey your customer satisfaction levels intending to improve the customer experience at your business?

One of the most important things a business owner can do to achieve high customer satisfaction is to look for and talk to the unhappy customers. Whenever possible, even if it costs you some money and pride, make it right. It will prove to be a good ROI!

We know you will get a higher return on every customer our advertising generates if you can keep them happy spreading word of mouth and keep them coming back for more.

To receive a copy of the Eleven Commandments of Customer Satisfactionclick here. 

The reality of this that I’ve seen over and over again as a customer and as a business person is that when things are always going “just fine”, the customer’s emotional connection with the business is often neutral.  However those emotions flare when something goes wrong.  When  customer emotions are highly negative, you can flip it around and create a raving fan and turn those into highly positive emotions about you and your business.

Brick & Mortar vs E-Commerce

Brick & Mortar vs E-Commerce

“Extra – Extra, Read All About It!!! Brick-and-Mortar stores are dead! E-commerce is the way everyone will shop in the future. Extra – Extra, Read All About It!!!”

If you read the retail industry trades or e-commerce newsletters and blogs at all, that chant has been thrown around for the past decade and the COVID era has made it even louder!

But is it true? To paraphrase Mark Twain, “Rumors of the death of brick-and-mortar retail are greatly exaggerated”

Although e-commerce shopping continues to grow rapidly, brick-and-mortar stores are still holding up well versus online retail sites, as many people still prefer the in-store shopping experience where they can see and try out products before committing to a purchase.

Here are some facts:

In 2020, e-commerce made up 14% of all retail sales.

Brick-and-mortar makes up the other 86%.

Total e-commerce sales in the US in 2020:  $759.47 Billion

Total Brink-and-Mortar retail sales in the US in 2020: $5.6 Trillion (that’s Trillion as in 12-zeros, 000,000,000,000).  Source: Forbes.com

Further proof that brick-and-mortar is here to stay is that Amazon has announced it is opening brick-and-mortar stores. These large department-like stores will be roughly 30,000 sq ft.

It’s not Amazon’s first venture into retail. Amazon, which dominates the online shopping space, made its biggest bet in brick-and-mortar with the acquisition of upscale grocer, Whole Foods, in 2017.

What does this all mean? There is good news and bad news. The good news is.. despite what the e-commerce trade magazines would like you to believe, brick-and-mortar is going to be around for a while. The bad news is.. competition is going to get even tougher for existing retail businesses. Amazon is no slouch!

While there is no denying that e-commerce is and will continue to grow, there will always be local brick-and-mortar retail stores lining our main streets. However, as competition continues to increase from all fronts, the key to survival and continued growth will be your ability to evolve!

In the Six Ways to Compete with E-commerce, tip #2 is: Offer Online Services. They say, “If you can’t beat ‘em, join ‘em”. The six most popular reasons consumers shop via e-commerce are lower pricing, free delivery, wider selections/variety of options, comparison shopping, no sales pressure, and convenience. With the exception of Amazon, most products found on e-commerce sights are not less expensive. It’s simple, the “convenience” of shopping online is having products delivered to your door. Keep in mind, the word FREE is key in delivery. Companies that offer free delivery (Amazon Prime) tend to be much more popular than those that add a fee.  

If free delivery is not an option, BOPUS (Buy Online Pick Up at Store) may be a viable option. 

The game’s not over and if you are keeping score, as of the end of third quarter 2021 (latest statistic via Statista Dec 3rd, 2021), the score is brick-and-mortar 87% vs e-commerce 13%. Yes, e-commerce grew from 13.5% in 2020 to 13.8% in the second quarter of 2021, but then fell slightly to 13% in the third quarter of 2021.  

The more the world changes, the more consumers demand. To stay ahead of the ever-changing competition, as business owners we need to continue to evolve. To see Six Ways to Complete with E-commerce click here.

Note: The statistics provide are from sites via the internet and are from non-e-commerce companies. If you visit enough e-commerce sites, you will find conflicting data which provides more favorable results for their subscribers.

I have one more important fact for you to consider and that is the reliability factor of measuring your advertising R.O.I. attribution. 

Those in the web world like to push the falsehood that online is 100% trackable.  Having spent significant time working in the e-commerce world, I understand what they are saying, because it is common practice to put tracking codes on the links that we see in email or online.  But there are other significant factors that influenced us to click on those links such as brand awareness, reputation, word of mouth and other things that aren’t trackable.  If anyone tells you that digital marketing is better than other forms for those reasons, please be skeptical and you can even reach out to me for an unbiased but informed opinion and insight. 

Adjusting To New Realities In The Workforce

Adjusting To New Realities In The Workforce

The saying that we are in a new reality was one that many of us didn’t want to hear last year.

But it’s true and the quicker we see what is happening, the sooner we can adjust.

At the end of the year, I read the Monday Morning Memo from Roy H. Williams that talked about 3 realities we are facing today:

  1. Inflation
  2. Covid
  3. Employee Shortages

I’m not an expert on any of these, but I deal with them just like you do.

The first two are out of our individual hands, we are powerless as individuals to solve the increase in prices of goods and services because many of us we are needing to also raise the prices to pass along the costs that inflation has had on our goods and services.  Covid, well that has turned into a political football that I’m not about to address, and like you, we have limited power to fix.

What Roy mentioned in his Monday Morning Memo was a concept that I’m going to pass along to you to solve the Employee Shortage reality of 2022.

The staffing shortage was entirely predictable.  In the United States of America, the birthrate has been declining for decades.

“For years many demographers have been warning of a permanent worker shortage in the coming decades. It may just be that the pandemic brought the shortage earlier.”

“An important concept in demographics is the ‘replacement birth rate’. This is the birth rate needed to replace deaths and keep the population unchanged. If the actual birth rate is higher than the replacement rate, then the population increases. Demographers estimate the replacement birth rate is 2.1 children per woman. If the birth rate is lower than this replacement rate, then the population decreases. In the case of the latter, a declining population will eventually result in a declining labor force.”

“Statistics show the US birth rate has been steadily declining and is below the replacement rate. The latest birth rate for 2020 is 1.6, well below the replacement rate of 2.1. This means that, based on domestic births alone, the nation’s population would be declining. So far, immigration has prevented this, but there’s no assurance this will continue in the future…”

The specific idea that Roy Williams shares is for a company to offer free private daycare to employees on-site (or close to) the companies location where parents can drop off their young ones with the assurance that they will be taken care of while Mom and Dad are taking care of business.

That idea might actually work for some companies, but it’s not a universal solution right now.

So what is a universal solution?

I have a two part answer:

1st off, you need to become a company that people want to work for. In the past few years, the company I am with has undergone a specific plan to access our company culture and then improve it.  The ideas come from those who are already here.  We looked at those ideas, and found a few that could be implemented and then measured again and asked again.  It’s an ongoing process at Federated Media.

We realize that not everyone who works for us is going to stay forever. Many will leave for many different reasons, but what we want to do is keep the best and hire others that will contribute both to our mission and also our company culture. As a result, I have coworkers who have been here for years, even decades, not because they have to work here, but because they want to.

Personally the real reason I left most of the jobs I had were due to something in the culture.  The real people problem was not that we couldn’t hire enough, but we hired the wrong people at other places I worked. The answer to this for you and your company is to take that same evaluation and find out why people work for you and what can make it even better.  That is what you need to promote in your recruitment messages and ads.

Here’s the 2nd part of my solution to the labor shortage: Change the number of employees you need to run your business.

The reality is there are less people available to be hired as I mentioned at the beginning and so your business model needs to change.

Business models have been evolving and the side effects of the pandemic shut-down just accelerated some of what was going on already.  Several fast food restaurants closed their dining rooms and some are not planning on opening them up.  Instead they have become drive-thru only establishments.  I’ve seen this in my area for nearly two decades as multiple Pizza Huts created this style of restaurant. I’m sure there are others in your area that are undergoing a similar transformation.  Plus ordering online has really taken off.  Last year I went inside to place an order for chicken and was told that I had to either use the app or drive thru.

Grocery stores and other retailers are relying on self serve check out lanes more than ever.  Now instead of a cashier ringing up one customer at a time, it’s common to see one employee overseeing 6 to 10 self serve checkouts.

I’ve got a third bonus tip for you that I almost forgot because I’ve been doing it for so long and our company has been doing it even longer, at least in the Fort Wayne division of Federated Media.  Flexible work life is what we call it, but here’s how it really works…

The advertising salespeople do not have a dedicated workspace at our office.  Instead, there are a couple of hours each week that they come to the office for meetings with their manager.  Where are they the rest of the time?  Working from home, client meetings, working from their favorite internet cafe a.k.a. coffee shop, who knows?  They might be running their kid to the dentist during the middle of the day, or grabbing lunch with a friend.

This sounds like the Covid inspired Work From Home business model, but we’ve been doing it this way for many, many years.  As a General Sales Manager, I have my own office at our Fort Wayne office that I work from nearly every day.  But those on my sales team are given the freedom to do what works best for them.  We have particular items that need done daily, weekly or monthly but the ultimate measure of their success is the revenue they are responsible for with their individual budgets.  Their success is not measured with punches on a time clock.

Yes we have guidelines and Key Performance Indicators that when followed will create individual successes, but reporting to the office just because it’s always been that way, 5 days a week… We abandoned that years ago to focus on productivity.  In other departments, there are similar flexible work arrangements too.  This has become an important part of our culture.

By the way, I am always looking for qualified candidates to join my advertising sales team at WOWO radio in Fort Wayne, Indiana.  We just hired a new team member and I have at least one more opening to fill.  However, I’m going to keep that position open until I find the person that fits us best.  Perhaps that is something you should do with your company too, be picky with who you hire to protect the culture you have in place.

And one last note, if you would like to learn more about the opening I have, here’s a link to the job posting. https://www.wowo.com/wanted-sales-hunter/

 

“The 2022 Sales Lift-Off” January 13th

“The 2022 Sales Lift-Off” January 13th

 

Are you in the radio business? Join us for this very special national event that I’m honored to be a part of “The 2022 Sales Lift-Off” January 13th !

Join us live on the Clubhouse app next Thursday, January 13, 2022, @ 2 p.m. Eastern/11 a.m. Pacific for a revenue-focused, idea-rich sales event for sales managers, market managers, and local sellers.

Loyd Ford from Rainmaker Pathway Consulting Works and Alec Drake will host a sales panel to discuss revenue plans for Q1, recruiting your next salesperson, and actionable items to help you grow revenue in 2022.

OUR January 13th ROUNDTABLE

–> Chuck Wood – VP/GM of Delta Media Corp., a multi-media company comprised of seven television and nine radio stations in Broussard, Louisiana
–> Scott Howard – General Sales Manager at WOWO Radio/Federated Media, Ft. Wayne, Indiana

– Actionable sales ideas – Recruiting Strategies – Get Your 22 Momentum

OUR January 13th ROUNDTABLE


–> Chuck Wood – VP/GM of Delta Media Corp., a multi-media company comprised of seven television and nine radio stations in Broussard, Louisiana

–> Scott Howard –  General Sales Manager at WOWO Radio/Federated Media, Ft. Wayne, Indiana

– Actionable sales ideas – Recruiting Strategies – Get Your 22 Momentum

If you don’t have the app, go here: https://www.clubhouse.com/

Brand Building For 2022

Brand Building For 2022

When you own and operate a business and you live and breathe it, often, it’s difficult to see when things change.  As they say, sometimes it’s hard to see the forest for the trees.

When is the last time you had a Brand Health Check-Up?

Only politicians can succeed without delivering on their promises, and only weather forecasters can make mistakes every day and still keep their jobs.

Unfortunately, you are neither, so you have to build your business and your brand by delivering on every promise and accurately forecasting how your customers prefer to be served and sold.

Some business owners mistakenly think that a brand is built simply around their business name, location, industry, employees, and their marketing. But your brand is the sum of everything your customers and prospects hear, see, feel, and experience when they do business with you.

Your brand is who you are, what you do, and how you do it!  Reputation management is an ongoing, continual task, and regular check-ups are necessary.

Brands are the sum of the impressions you create at every customer touchpoint; from your advertising to the way you answer your phone, the cleanliness of your buildings, vehicles, and bathrooms, your warranty and return policies, to the way you empower your staff to resolve customer conflicts.

Does your business need a health check? Do you have a clearly defined mission and is it evident at every customer touchpoint?

Click here for our free Brand Health Check to ensure that you are walking the talk.

Wrap Up and Step Up

Wrap Up and Step Up

Twas the end of December and all through the land,

Lots of creatures were stirring, children, woman and man.

The hustle and bustle of the holidays are here,

And nearly everyone is attempting to be of good cheer.

The retailers are hoping to rake in more bucks,

While they alternate between taking care of customers and unloading trucks.

The advertising salespeople are doing their best,

to reach their customers, sell a few more ads, meet their budgets and then finally get some rest.

I could continue to write and talk in verse,

but honestly I’m not that talented, as a lyricist, I’m cursed.

So like many of you who are taking a break, this is my last column and podcast until 2022.

For those of you who are in the broadcasting business, I have an invitation for you to join me on Thursday, January 13th at 2pm eastern time for a live event called the 2022 Radio Sales Lift Off.

This event will be on the Clubhouse App, so you’ll need your smartphone, Radio consultant Loyd Ford reached out to me earlier this year to contribute to his Encourager series for people in the broadcasting business and I’ve been writing a monthly article.

This event on January 13th is the creation of Loyd and will be co-hosted by another radio veteran, Alec Drake.  They asked me along with broadcaster Chuck Wood, I wonder if that’s his real name or an on-air name, to be their panelists.

Here’s what Alec said about it recently on LinkedIN and his own website:

We are all deep into thinking about next year’s sales strategies, so add this appointment to your calendar, “The 2022 Sales Lift-Off”. Join Loyd Ford from Rainmaker Pathway Consulting Works and me on Clubhouse for a panel discussion by frontline managers to discuss Q1, sales team recruiting, and actionable revenue ideas for 2022!

and…

Join us live on the Clubhouse app Thursday, January 13, 2022, @ 2 p.m. Eastern/11 a.m. Pacific for a revenue-focused event that will take place quarterly for sales managers, market managers, and local sellers.

Loyd Ford from Rainmaker PathwayConsulting Works along with Alec Drake will open up a panel of sales partners to discuss a strong finish to Q1, recruiting sales staff, and a closing roundtable with actionable items to help you and your team grow revenues. ​ The Revenue Partners for this Q12022 Live Event:

 Chuck Wood – VP/GM of Delta Media Corp., a multi-media media company comprised of seven television and nine radio stations in Broussard, Louisiana 

Scott Howard – General Sales Manager at WOWO Radio/Federated Media, Ft. Wayne, Indiana ​

Actionable sales ideas – Recruiting Strategies – Get Your 22 Momentum – Share and Learn

Have a safe, relaxing and prosperous end of 2021, my friends.