Control your personal finance   free website content | contact | privacylink partners
Home » Business
Money articles

» Personal finance
» Credit cards
» Saving money
» Debt elimination
» Budgeting
» Investing
» Business
» Real estate
» Making money
» Miscellaneous
» Career
» Loans
» Promote your business
» Insurance
» Bankruptcy

» Archive

Get more business, raise your prices, and keep customers forever - by making business PERSONAL

by Kevin Nunley
http://www.DrNunley.com

We are entering a time when the most effective business strategies may be the ones that are the least "sexy." It is starting to occur to me that the revolutions of today and tomorrow may have nothing to do with cutting edge technology. Your next big leap toward better profits will be using tools that are almost too simple to notice.

It is not because these simpler methods don't amount to much. They often form the very basis of the way we live and what makes us human. For example, The Internet is cool, but I'll bet you use the telephone just as much and probably many times more.

Top websites are great places to get information, yet studies show we get most of our know-how from simply talking with friends, co-workers, and family members.

When was the last time you pondered the wonder of always-on electricity? Yet many Californians are finding their high-tech offices worthless without it and experts venture New York City will probably learn this lesson too later this year.

BLINDED BY SCIENCE

Our world is now so full of amazing gadgets and tech developments that we are often distracted from less impressive, but more important, influences on our day to-day lives. The glare of the new is more blinding than ever before in history.

Consider the now infamous "Internet bubble" where otherwise smart people poured billions into dot-coms that had little or no chance of ever turning a profit. There for a while, the WOW of the Internet blinded almost all of us.

As technology--working without human hands--takes over more and more of the way we do business, a very simple and fundamental force will quietly step to center stage. Millions of people will pay dearly simply to get a REAL PERSON to help them.

When machines become the standard (as they already are in many industries), customers will deeply value every moment they get with a live, knowledgeable, human who has the power to think and make changes.

HAPPILY PAYING MORE

Let's take a quick look at the highly competitive airline industry where this priciple is already evident. Scientists working on artificial intelligence at MIT have long predicted airline reservation agents would be the first to be replaced by a computer.

If you want to get the lowest possible fare for a flight to L.A., you can log on to an airline's web site, book you flight, check to see if the fight includes a snack, and find out if your fight is running on time before you drive to the airport. A human is only involved if there is a problem and hopefully your problem won't be too complex.. The agent on the phone will have little power to do or say anything that isn't scripted on the computer terminal in front of him.

On the other hand, if you fly a great deal and sometimes buy first class tickets, you can become one of the airline's special class of customers that gets one-on one personalized service from an agent (perhaps in the exclusive Crown Room) who has been given greater leeway to think individually. She can quickly create special solutions for you problems. NOTE: I, and probably you, are happily paying more to be in this special group that gets customized help from a real person.

PUTTING THE "PERSONAL" TO WORK

Recently I moved to make my own business more personal. Too many customers were having to settle for email-only communication with me, mostly because email is so much faster than talking on the phone or meeting customers in person.

More than a few customers quickly informed me this was a problem, so I hired three very capable marketing experts to answer our phones and take time to explain, help, and craft personalized solutions for anyone who calls. We can also take more time to give folks individualized email replies.

Guess what? While a lot of our dot-com neighbors have had to dump their employees and even Alan Greenspan says the economy is flat, our sales are improving. I'm even thinking about creating services that are MUCH more expensive (in a recession!). Because they will include very personalized service, some customers will be delighted to pay more.

The lesson is simple. No matter how much glitzy technology we use, humans will still respond best to humans. Give your business or career a permanent leg up. Look for ways to give your customers the benefit of your human personality and brain power. No machine will ever be able to duplicate it.

About the author
Kevin Nunley provides marketing help, copy writing, and popular promotion packages. See his 10,000 FREE tips for promoting your business or career. Reach Kevin at kevin@drnunley.com.

Search CashBazar

Google
 
Web www.cashbazar.com


Latest money articles

» Controlling the price changes in futures markets
The lock-limit is one way that the markets can be controlled.

» How much will price changes effect stock trading?
Price elasticity is an economics term that refers to the way that price changes of stock can affect the demand for that stock.

» Large volume trading in steps
Program trading is a term that is also used in at least two different (though similar) meanings.

» How many stock options are available?
Open interests are not a feature of all stock market trades. In fact, open interests are calculated based on options and futures trades.

» Protect your portfolio from large losses
If you are worried about the stock market, then you might want to consider portfolio insurances.

» Insure your investment without limiting returns
Are you looking for a way to trade on the stock market without having to deal with all of the risks?

» Regional funds explained
Increase your portfolio diversity with funds from other regions.

» What is a derivative?
Invest in commodities without buying the commodities themselves.

» What is an option?
An option is an agreement that a commodity or stock will be available for purchase at a set date.

» Should I always pay a commission when buying mutual funds
There are three main types of mutual funds when it comes to commissions.

» Find the lowest risk investment portfolio
If you're trying to find a good investment portfolio, then you may want to look at the Treynor measure.

» The difference between PAX World Funds and The World Funds
The first type is purchased through the company PAX, and these funds focus on socially responsible companies.

» The Alpha factor explained
A new method of differentiating between different investments.

» How good is your planned investment
A company prospectus is a legal document that has been filed by the company that you might be thinking about investing in.

» How do I find the best investment advisor?
If you're looking for the best investment advisor for you, you should make sure that you pay attention to the type of investments that that advisor usually recommends.

» How to find the best full-service stockbroker - ask questions
Before you decide who you should choose for your full-service stockbroker, make sure that this is the best option for you financially.

» Investing in commodities
Investing in commodities is not too hard to do - the real problem comes in when you are trying to decide which commodities you should invest in, and when it is better to buy or sell a particular product.

» Don't wait to get your retirement payments!
If you're looking for an annuity, there are a variety of different annuities to choose from.

» Multisector bond funds explained
If you are looking to invest in bonds, but you are not sure that you want to deal with making all of the purchases on your own, bond funds might be the right option for you.

» Private annuity explained
The biggest difference between a regular annuity and a private annuity is that private annuities take place between two individuals, instead of between an individual and an insurance company.

» Avoid estate taxes with a life insurance trust
If you're looking for another way to insure yourself with a life insurance policy that will avoid any taxes after your death, then you should look into getting a life insurance trust.

» What is a Section 1035 policy exchange?
Don't lose insurance money when you change policies.

» Who should consider annually renewable term life insurances?
If you're looking for a good insurance policy, then you should probably take a good look at your financial situation, and at what you can count on being your situation in the future.

» Death benefit only plan explained
If you need life insurance, but you are not able to afford the regular price for life insurance, then you might want to look into a death benefit only plan.

» How to save money on your homeowner's insurance
In the case of homeowner's insurance, the most common way to reduce the amount of money that you will be paying each month is to increase your deductible.


Make money online

Please visit Sitetube.com and learn how to profit from your website.