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December 16, 2007

Learning is Not Compulsory

I’m reading Seth Godin’s new book, Meatball Sundae, and I am seeing some similar themes as outlined in Oren Harrari’s  book, Break from the Pack.  Both illustrate that in the new marketplace, you must Books_5 not  only differentiate your offering, you must also differentiate the delivery of your message. 

    

    

As the customer becomes bombarded with messages through email, social media and a multitude of websites, you need to generate creative marketing messages in order to stand out.  Godin explains that “innovations have not only created new ways to spread ideas, but have also made some of the old ways far less effective.”

    

    

As we try to adjust our message to be relevant in this changing medium, Harari warns that we run the risk of simply being a “me too” and fail to truly differentiate ourselves in not only how we promote our message, but also in the substance of what we have to offer.  He believes that delivering both good service and good products is not enough. 

    

    

The business environment today is one of websites and drop-ship (3rd party logistics) networks.  The guy down the street, who runs a business out of his basement, is competing with the big players.  From the customer’s point of view, they can’t tell a difference.  If the guy down the street has a sister-in-law or cousin who is a website designer, your company (as it lumbers through its monthly “go-to-market” process) could actually be at a distinct disadvantage.

    

    

Who doesn’t offer Free Shipping? 

Sears_free_shipping_3 

         

         

Who doesn’t deliver in 2-3 working days (if not next day)? 

Blue_nile 

    

         

      

    

Who doesn’t claim to have a 100% Guarantee?

Lands_end_2      

   

    

      

Web 2.0

    

    

Every time I read someone’s blog or listen to a webinar, I hear of the importance of driving the web 2.0 experience.  As web merchants, not only do we struggle to keep the product data accurate and meaningful, create promotions that resonate with our customers and ensure the day-to-day activities of our websites are under control, now we must provide a fuller, richer customer experience.

    

    

Streaming media, customer reviews and blogs are quickly changing from being differentiators to simply being the cost of doing business.  In the last five years, we have stopped being “broad-line retailers” and started being “long-tail e-tailers”.  Now we must take the same steps with our marketing message. In order to compete, we must embrace the emerging social and rich media in order to ensure our message is heard.

    

    

The well known quality guru, W. Edwards Deming, once said "Learning is not compulsory . . . neither is survival."  What survival techniques are you learning in order to compete in today's Web 2.0 environment?

    

      

Until next time,

    

    

Dan

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Good Books to Read:

  • Oren Harari: Break From the Pack: How to Compete in a Copycat Economy

    Oren Harari: Break From the Pack: How to Compete in a Copycat Economy
    I had the opportunity to hear Oren Harari speak last year and enjoyed it. In his book, he outlines how to successfully differentiate yourself in today's environment. (*****)

  • Eliyahu Goldratt: The Goal

    Eliyahu Goldratt: The Goal
    In this book, Goldratt crafts a story that reads like a novel but is actually a great business book. Early in my career I was in Finance and Operations. If you need a better understanding of these areas, you will find this a quick and thought provoking read. (*****)

  • Avinash Kaushik: Web Analytics: An Hour a Day

    Avinash Kaushik: Web Analytics: An Hour a Day
    Many of you may already be familiar with Kaushik's blog Occam's Razor (http://www.kaushik.net/avinash/). In his book, he helps clarify the day-to-day analytical needs that every web merchant or e-marketer must understand in order to be successful. (****)

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