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[May 20, 2008]

The Death of the Loyal Customer

Filed under: Commerce Performance — @ 2:51 am

One of my classes in management focused on the repeat customer. The course stressed the importance of the repeat customer to the financial welfare of the business. We spent hours discussing ways to turn “first time” buyers into repeat customers. This is not a new concept. We’ve all heard the term “the customer is always right”. And then there is the movie we watch every Christmas where Macy tries to out “customer satisfaction” Gimbel. I prefer to take that concept one step further with what I consider the most valuable asset of a business, the loyal customer.

The loyal customer is one who will buy your product or service even when it is more expensive or at a personal inconvenience. The loyal customer is one who will recommend you to his competitors. The loyal customer is one who will stand up and defend your company against unfair comments. The loyal customer is one who will teach his children to purchase your product or service because they can depend on your company to treat them with fairness and honesty. The businesses of America, large and small, have been built on the backs of the loyal customer.

In his inauguration address, President Bush stated, ” as citizens we must uphold the principles of civility, courage, compassion, and character that a civil society demands from each of us”. Civility is a word we don’t hear much anymore. As companies have merged and as pressure from investors has increased, businesses have lost their civility. The concepts of respect and fair dealing that have been the cornerstones of American business are crumbling.

In the age of the computer and voicemail, companies are ignoring the fact that on the other end of the line is a living breathing person. They will spend millions on advertising to gain a new customer and then banish them to what I term “Customer Service Hell”.

Take the case of Denise in New Mexico

“I have been MORE than patient with Dell Computer Corporation. It has taken me 6 months, a minimum of 100 hours of my time, 20 different people, 10 phone calls to service, 5 to the rebate ripoff department, close to 30 mails, several faxes, daily blue screens which switched to daily black blank screens, all three drives not working, still not receiving a confirmed rebate on a machine I ordered in August, 2002, an ordered part I’ve yet to receive, two individuals saying they will call RIGHT BACK who still haven’t called, and problems growing on an EPPurchased machine literally by the day ~ to get THIS upset.

I’m sick of being jerked around by large corporations who make it impossible to reach their corporate offices who are only interested in SALES and could care less about SERVICE.”

Then there is my own personal experience with Nextel. My company was spending a substantial amount of money with Nextel and we loved the phones. However, customer service was non-existent. I once spent four hours on the phone with six different “representatives” and was hung up on when I asked to speak to a supervisor.

No answers were received to my faxes or letters. Voice mails to my local salesperson went unanswered. Even the letter from our attorney was never acknowledged. Needless to say we now have another cellphone provider.

These examples point to an alarming trend. Businesses are focusing on gaining new customers and failing miserably to turn these new clients into loyal customers. They have lost their civility, not only with their customers but with their employees as well.

What can you do? If you believe like I do then take these beliefs and make a difference. Acknowledge that the people that you come in contact with are living breathing persons and treat them with goodness and respect. If you can’t do that in your present position then its time for you to make a change. As President Bush continued, “Americans are generous and strong and decent, not because we believe In ourselves, but because we hold beliefs beyond ourselves”. Let’s resurrect the “Miracle on 34th. Street”.

About The Author

Wayne Patterson is the author of “Solidgoldmonthly” home business newsletter. Home business news and views that you can use. No scams allowed! Subscribe now to receive FREE book of eBay Marketing Secrets, sold on other sites for $27.00. http://www.solidgoldhomebusiness.com; solidgoldhome@charter.net

[May 16, 2008]

Negotiations: The art, science, & sport of online deals

Filed under: Commerce Performance — @ 8:52 am

Negotiations can seem as complex as physics, and in fact, people go to college to study the science of negotiating just as they would the laws of nature. At the same time, negotiation is like an ancient art form, some sort of Zen mental jujitsu. When neither the Zen nor the science works, though, no one wins.

Just ask any hockey fan out there. The recent lockout and cancellation of the 2004-2005 NHL season is a perfect example of poor negotiating. Both the players’ union and the league owners broke all of the rules when it came to brokering an agreement on player contracts. The result are hockey rinks across North America that are so quiet that you can hear a pin dropunfortunately, not a puck. In dollar terms, professional hockey is missing out on television contracts, advertising fees, and tons of ticket sales.

Of course, you won’t lose billions in revenue if you fail at the latest negotiation at your favorite online classified or auction site. But you could let a treasure slip through your fingers. Success in deal making, on the other hand, could land you that rookie Bobby Orr card, signed Stanley Cup puck, or whatever other fantastic item you’re bidding on.

Plus, proper negotiations and compromise can ensure that you get the item for its fair value, including a good price on shipping and taxes. This increases the profitability of the trade for both you and the seller. The deal gets closed without nasty disputes, blow-ups, or hip checks. And both of you are left to do business again in the future.

To score all of these benefits, and avoid your own mini lockout, follow these simple tips on negotiating that will net results at online classified sites. As you’ll see, victory isn’t so much an exact science or a mystic sixth sense. It’s more about simple know-how and common sense.

Warm up. Don’t jump into a negotiation cold. Before you even face off with your opponent, figure out for yourself what would count as a victory. What do you exactly want out of the tradeand at what price?

Consider a truce. It may not even be worth dropping the puck at all. In other words, negotiations, like hockey games, can end in a loss for the home team, you. So weigh this risk before you start. If the item at hand is a dream buy, you may not want to endanger your purchase with a drawn-out negotiation.

Know when to pass. On the other hand, if the item is far from dreamyand you’re pretty sure something better may come along lateryou could pass on negotiations. Or go for the score. Offer a lowball price. If you win, you won’t be out too much, and if you lose, it won’t leave a mark either. But be certain if you play this game. You could miss this opportunity without a guarantee of future prospects.

Know your enemy. Coaches and players spend hours before games watching films of their impending competition to study their tendencies. You need to take the same approach when it comes to making a deal. Try to read your opponent’s mind. What is his or her goals in the negotiation? Does he or she have any strengths that they can use against you? Are there any weaknesses that you can use against them?

Spot all of your passing lanes. During your research, you may find that this particular vendor isn’t the only one in the game with what you’re looking for. Using these other vendors, and their prices, to your advantage can help you skate circles around your competitor.

Practice before you play. Also, research the item before you make a play on it. This knowledge, such as the going price and quality markers, can work as leverage during the negotiating, too.

Translate thought into action. Your strategy can become more complicated and unpredictableand effectiveonce you’re in the heat of battle. Just remember to think on your feet and remember all that you learned in your “training.” For instance, if you know that the vendor has other items for sale besides your target, agree easily to one of these other purchases. Go for the easy one first. That will lure them into trusting you and giving you an easy pass on future, and more important, deals.

When it comes down to it, negotiation is all about this kind of give and take. It works out best when both parties get what they want out of the deal, without feeling ripped off as if they gave too much for too little.

That brings you to the one “don’t” of negotiating. Don’t fear a standoff. They are part of the art and science of trading, so don’t be tempted to cave in just to break the deadlock. Instead, let your opponent make the first move. They will. They want to close the deal, too, don’t forget. You both will be better off for this in the long run. And you won’t end up like the NHL, the No Hockey League.

Donald Lee is the public relations manager for Buysellcommunity.com. Buysellcommunity provides free classified listing services for individuals and businesses to market their products and services online. For global and localized classifieds, please visit
www.buysellcommunity.com - Free Buy & Sell Classifieds

[April 29, 2008]

Tips For Making Good Money In Affiliate Marketing

Filed under: Commerce Performance — @ 11:21 am

How would you like to get paid for selling products that you don’t own and not go to jail for doing it?

That is what affiliate marketing is all about. Somebody else goes through all of the trouble to develop a software program, service, or digital content product. They build the web site; they process the credit cards; they deliver the content and they handle the after-sale support and customer service. You collect the money!

What is affiliate marketing?

Affiliate marketing is a revenue-sharing arrangement between the product developer, called the affiliate merchant, and the affiliate marketer who is anyone willing to promote the sale of the product by independently advertising it using any legal means.

This relationship allows the affiliate merchant to grow their revenue by only paying for advertising that actually results in a sale. The affiliate marketer profits by making a commission on a sale that he does not have to manage after the fact. It’s a win-win for both parties.

How do affiliate marketers get paid?

That depends upon how the affiliate program is set up. Some affiliate merchants run their own affiliate program. They have special software that assigns each affiliate marketer a special URL to be used in promoting the product or service. The software tracks sales by each affiliate marketer and the merchant pays the commission on a periodic basis using PayPal or some other method.

Other affiliate merchants use third-party affiliate management programs like ClickBank, Commission Junction, ShareASale, and others. The tracking functionality is the same but the payment process and procedures vary among the different services.

How to select a profitable product or service to promote?

Because your income is directly tied to how well the selected product or service sells, and the size of the commission that you will earn, it’s important to choose carefully when it comes to choosing an affiliate merchant to partner with.

Choose programs that you’re not embarrassed to promote and that you would feel comfortable recommending to family and friends if you were asked.

You will do better if you promote things that you understand and are familiar with. That way you will be able to write better ads without having to strain yourself trying to come up with good things to say.

Only promote products and services for companies who have gone through the trouble to provide you with a training program and sales aids like banners, sample classified ads, and other marketing materials that you can either use directly or model yours after.

Look for programs with commission rates of no less than 50%. Give preference to programs that pay commissions on multiple levels. That means that you will also earn commissions on sales made by people who buy the product through your link and then go on to become an affiliate themselves.

Google the company and the product to see if the company has a good reputation and to see how many affiliate ads are already out there. If the competition is too stiff, find a different product to promote.

Once you have your product just write your ads and start promoting. Remember - NO SPAMMING!

Good luck and hope that you make a lot of money!

Jim is the owner of starting an online business website, where it is set up for helping people to make money with affiliate programs.


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