Skip to main content

Home/ Edmonton Lean Startup Circle/ Group items tagged naming

Rss Feed Group items tagged

Jas P

Complete Bundle | KISSmetrics - 0 views

  • The fancy systems at KISSmetrics are working to send you your bundle! ===================================================================== Email newsletter......................................................100% confirmed Premium content.........................................being sent to your inbox now KISSmetrics free trial.......................needs details [95% complete, see below]
  • Final details needed for your 14-day free trial.
  • Your name * Email * Company name * Company website * Company size *Choose one…201 or more51 to 20026 to 5011 to 256 to 101 to 5 Phone number * Password * Why KISSmetrics is a must-have tool for any Facebook marketer: Finally determine the ROI of your Facebook marketing efforts, unlike other analytics tools. Easy ROI reports. No spreadsheets required. Human-powered support from the experts behind the KISSmetrics blog. Joanna Lord, SEOmoz KISSmetrics has been a primary tool for the SEOmoz marketing team for almost a year now.
Jas P

10 Studies That Reveal What Customers WANT You To Know About Them - 0 views

  • 1. Customers Care More about Service Quality and Attitude than about Service Speed
  • A recent Gallup study reveals that when it comes to memorable service people tell their friends about, it’s more important that the service provided feels “thorough” and friendly, rather than quick. This was especially true for service in premium or prestigious markets, such as customer support at a bank.
  • Not only that, in a Customer Experience Report by RightNow, researchers found that the #1 reason customers would abandon a brand was due to poor quality and rude customer service, which were cited 18% more often than “slow or untimely service.”
  • ...21 more annotations...
  • 2. Customers Know What They (and Other Customers) Want; They’re also Willing to Help
  • In a study of 1,193 commercially successful innovations across nine industries, 737 (60%) came from customers (i.e., customers can have very innovative ideas). User-created innovations have been successfully utilized to turn around “innovative slump periods.” While #1 is certainly a shocking revelation, there is a unique case study for #2 that really paints a believable picture for just how valuable customer input is.
  • 3. Customers like Loyalty Programs… as Long as You Make Them Seem Easy
  • In their research on the Endowed Progress Effect, Nunes and Dreze tested two versions of a car-wash loyalty program, which consisted of a card that got stamped after every wash. The first card needed 8 stamps to get a free wash. The second card needed 10 stamps to get a free wash, but 2 stamps were automatically added when the customer joined. That means both cards took 8 stamps total to get a free wash; they were just framed differently. Which one do you think performed better? Their findings: Despite the similar process, the second card performed almost twice as well as the first card, having 34 percent of participants complete it versus 19 percent for the other card. Why is this important? It shows that customers are more likely to stick with loyalty programs if the task at hand is framed as already being started.
  • 4. Creating Goodwill with Customers Doesn’t Take a Lot of Money
  • An employee on the phone with a customer during a marathon troubleshooting session heard the customer tell someone in the background that they were getting hungry. As she tells it, “So I put them on hold, and I ordered them a pizza. About 30 minutes later, we were still on the phone, and there was a knock on their door. I told them to go answer it because it was pizza! They were so excited.”
  • What’s actually happening: While the cost of the gifts/actions is quite small, the human mind simply cannot refuse the psychological construct of reciprocity. Reciprocity can be summed up as our natural inclination to feel grateful for favors and our desire to “pay them back,” no matter how small they are (covered quite well by Cialdini in his famous book Influence). The other thing that you must understand about reciprocity is that research has shown us that the intentions of the “giver” can affect the perceived value of the gift. This is why “Frugal WOWs” work so well: Customers perceive the service as a genuine act of kindness rather than as you trying to buy their affection with costly gifts. So remember, it doesn’t take huge expenses to win customers over!
  • 5. Customers Absolutely Adore Personalization; They Will Gladly Pay More for It
  • Would you believe that waiters were able to increase their tips by 23% over a control group by utilizing something as inexpensive as mints? It’s true, and this research is not only important in helping you understand how to create repeat customers, but also how to keep your customers incredibly satisfied and supportive of your business offering.
  • The results were surprising to say the least: The first group studied had waiters giving mints along with the check, making no mention of the mints themselves. This increased tips by around 3% against the control group. The second group had waiters bring out two mints by hand (separate from the check), and they mentioned them to the table (i.e., “Would anyone like some mints before they leave?”). This saw tips increase by about 14% against the control group. The last group had waiters bring out the check first along with a few mints. A short time afterward, the waiters came back with another set of mints and let customers know they had brought out more mints, in case they wanted another. That last group is where waiters saw a 21% increase in tips… yet they still were bringing out only two mints. The researchers found that it was the perceived personalization of bringing out the second set of mints and mentioning it to customers (“Hey, I thought I might see if all of you are satisfied or if someone could use an extra mint.”) that made the difference.
  • Point being: It wasn’t really the mints; it was the personalized experience that they created. It made it perfectly clear to customers that the waiter was thinking of them. Be sure to incorporate this into your own offering: How can you follow up with customers in a personalized manner with free support, training, or reward for trying out your product or service?
  • Research lead by Melanie Green and Timothy Brock reveals that trying to persuade people by telling them stories works extremely well. The reason that stories (when told well) are so appealing to customers is that you can transport them inside the story and get your point across without directly selling.
  • Once inside the story, we are less likely to notice things which don’t match up with our everyday experience. For example, an inspirational Hollywood movie with a “can-do” spirit might convince us that we can tackle any problem, despite what we know about how the real world works. Also, when concentrating on a story, people are less aware that they are subject to a persuasion attempt: The message gets in under the radar. Our brains have a tendency to be mostly concerned with enjoying the story and absorbing the message.
  • For instance, over at Help Scout, I conducted an interview with Leo Wildrich of the BufferApp that discussed how a small team like Buffer’s could possibly handle email support with tens of thousands of customers. The tale of a small team dealing with mountains of support emails was definitely one that resonated with a lot of small business owners, and the post was quite popular and performed well, all without the “hard-sell.”
  • Everyone loves hearing their own name! The implications of this have been seen across a variety of situations in dealing with customers: People tend to like you more if you use their name a few times during conversations. (But there is a limit; saying their name too much becomes unnatural and insincere.) People open emails with more consistency if their name is included. (That’s a big reason to ask for a name if you want increased conversions via email.) People often assume you are more competent if you know their name; it’s a big part of their identity, and if you recall it and use it, you are instantly viewed in a better light in their eyes. Utilizing customer names when interacting with them directly is an important part of making people feel like individuals rather than a “support ticket.” It’s difficult to scale, but if you care about your customers, it’s an essential part of winning them over. There’s quite a difference between receiving an automated email from “DO-NOT-REPLY” versus receiving one from “Scott” saying, “Hey Greg, thank you for your purchase! :)”
  • 9. Selling “Time” over Savings Can put Your Customers in a Better Buying Mood Have you ever wondered why commercials for “cheap beer” never, ever focus on the money that you can save by buying them? Instead, they create ads and slogans that focus on having a great time (i.e., “It’s Miller Time!”) This isn’t an accident. As it turns out, new research from Stanford reveals that selling “time” over money can make customers more receptive to buying. From Aaker’s research: “Ultimately, time is a more scarce resource—once it’s gone, it’s gone—and therefore more meaningful to us,” says Mogilner. “How we spend our time says so much more about who we are than how we spend our money.” Getting people to think about a period of time they enjoyed (associated with a product) can be much more effective than reminding them that they could be saving money.
  • 10. Bringing up Savings Makes Customers Feel Self-Centered and Greedy
  • Psychologist Kathleen Vohs has done numerous studies on priming, specifically in terms of how it affects our perception of money. She found through her research that just thinking about money makes us more self-serving and less willing to help others: Two sets of subjects were “primed” with either cues related to money (money related images, essays about making money) or cues that were unrelated to money. Later, subjects were asked to solve a difficult “brain-buster” and to help others do the same (those others being people “in” on the study).
  • Getting people to think about money and having them enter this “selfish” state can be beneficial or disastrous in advertising benefits to customers. If you’re selling an item associated with luxury or prosperity, this mindset may be a good thing (advertising your mutual fund, financial/retirement services, etc.).
  • Roger Dooley, author of Brainfluence, had this to say: [Marketers] who should be particularly cautious about money cues are those who want to appeal to the viewer’s feelings about others. Filling viewers with feelings of warmth and a desire to please someone else… and then reminding them about money, could be self-defeating.
  • Vohs agrees, citing research that shows how money often creates conflict and stress when paired with family issues, due to conflicting interests (Burroughs and Rindfleisch, 2002). The lesson: Be wary of reminding your customers about money if your product isn’t related to serving self-interests.
Jas P

How to Handle Price Objections - 0 views

  • Create case studies If you really want to show the value in what you offer, you have to create case studies. The simple ones won’t cut it, you have to give detailed ones… ideally with the exact things you provided and the results. To legitimize the case studies, make sure you put in testimonials from customers. This can be done in the form of video or text and if you happen to go the text route, make sure you include: Their full name Company name Their picture Title at the company If you want to see an example of a good case study, check this one out from Conversion Rate Experts.
  • Offer a free trial One of the easiest ways to handle price objections is to offer a free trial. Remember, just because you are offering a free trial doesn’t mean you can’t take a credit card up front. With Crazy Egg, one of our biggest objections from people is that our prices are too high. We created a “free trial” offering in which people had to put in their credit card up front. That offer converted at 59% higher than our 30 day money back guarantee offer. Keep in mind that you will get a lot of people who will cancel your service before their free trial is up, so when you a/b test this you have to also include cancelations into your calculations.
  • Explain the value The easiest way to demand a high price point is to explain how much money you are going to either make a company, or how much money you will save them. If you can explain this in an easy to understand fashion and provide case studies to back it up, it shouldn’t be hard to demand a premium price. A great way to do this is through sales copy. And don’t worry, your copy doesn’t have to be sleazy. I do this with Crazy Egg, NeilPatel.com and I also used to do it for my Quick Sprout Traffic System. You could even spice up your sales copy by including a video incase people don’t want to read your copy.
  • ...7 more annotations...
  • Offer payment plans When I used to sell the Quick Sprout Traffic System, some people felt it was a bit too expensive. They didn’t like the fact that I was charging $197 for an eBook, and video/audio training. Instead of reducing the price I tested out a few payment plan options: 3 payments of $97. 4 payments of $67. Although both pricing plans in total were more expensive than the original price of $197, the 3 payments plan option converted at 34% more than the original offering and the 4 payment plan option converted at 52% better than the original. With the 3 payment plan option I still got complaints about my prices being too high, but with the 4 payment plan option, I got almost no complaints. Plus I was able to charge more than the original price of $197.
  • Explain what you don’t charge for Just like any good business, you want to go above and beyond for your customers. Which is why you probably provide a few little extra things for your customers at no charge. When people start to complain about your price points, you should explain how you go the extra mile for your customers and all of the little things you do for free. You can even express this on your website by bundling all of that extra stuff you provide into a “free bonus” for anyone that purchases your product or service.
  • Explain why your price points are high If people understand why your prices are what they are, they’ll be more likely to pay them. Tell them your fix costs, explain what their money is being spent on, and even tell them your profit margins. People know you are in business to make money, but no one wants to feel like they are being screwed over. If your margins are reasonable and you explain your costs to potential customers, they shouldn’t have an issue. For example, Single Grain had an issue in which potential customers felt their prices were too expensive. Instead of reducing their prices they explained to the companies why they charge so much, then they broke down their costs and even shared their margins. By doing this they were able to sign on 33% more new customers.
  • Offer lower price points for less and then upsell Now this won’t work for all businesses, but you could lower your price by offering a limited version of your product or service. Plus if people are happy and looking for more, it creates upsell opportunities. I actually had this happen to me when I tried hiring a copywriter by the name of Michael Williams. I didn’t want to pay his fee of $12,000 so he sold me on a smaller package that only cost me $3000. Funny enough, after 2 months, I went back to him and paid an additional $9000 to receive the rest of his services as I had a huge ROI on my initial investment. At KISSmetrics, upsells make up almost 10% of our new monthly revenue. We’ve found that a lot of companies at first don’t want to pay for our higher plans, but within 3 months of using our product, they’ll upgrade to a higher end plan after seeing a positive ROI.
  • Focus on how you are better than the competition If people didn’t see the value in cars like BMW or Mercedes Benz, they would just buy something affordable like a KIA. The fact is a car like a BMW or Mercedes Benz not only has more features than a KIA, but also is better built. Consider creating a comparison chart that shows how you differ from the competition. This is done on the homepage of Crazy Egg. It provided a single digit increase in conversions, so not a huge boost but better than nothing at all. It also reduced support questions by almost half in regards to our prices versus our competitors’ prices.
  • Stress the drawbacks of a lower price point In many cases, lower prices will come with a drawback. If you can explain the drawbacks of the lower price you can persuade people to pay your premium prices. A good example of this is RackSpace. They are one of the largest hosting companies and possibly one of the most expensive. They charge a lot, but their uptime rate is phenomenal. If you ever speak with one of their sales representatives they’ll quickly explain they are expensive, but they rarely if ever go down. They’ll also explain that their competitors may be cheaper but tend to go down more often. Then finally they’ll close hard at the end by asking what it would cost you every minute your website is down. For this reason they have done extremely well with their high price points. The company is worth almost 9 billion dollars as of today.
  • Leverage perceptual price points There are a lot of little tricks you can do to make your price points seem like they are lower than they actually are. Walmart has actually mastered this. Instead of charging you $50 for something, they’ll charge you $49.97. That way you emotionally feel like you are getting a good deal. If you want to learn more about physiological pricing, you should check out this blog post on KISSmetrics. It has some great tactics with examples you can use and learn from. Even the smallest thing can have a huge impact on your sales. Such as removing the “$” sign from your price points, which can cause a boost in sales and reduce price objections.
Jas P

The Classy Way To Get Media Coverage For Your Startup - 0 views

  • The best will be in contact all the time (or at least well before they have a news story to pitch) in an attempt to figure out how to maximize the chances of something being picked up. It’s a wonder there aren’t more of them.
  • Sadly there aren’t and 80 - 90 percent of pitches I received followed the tired format of "Hi X, Company Y is launching a product next week and we thought it would be of interest to publication Z."
  • So here's an idea to try when getting media coverage for your startup - don't start by pitching the product. Start by pitching nothing.Clearly showing that you understand that a journalist doesn't just exist to publicize you is one of the fastest routes to his or her heart.
  • ...2 more annotations...
  • The closest relationships journalists build are with people who can provide long-term value to them by offering something that isn't just self-promotion. Conversely, these tend to be the names you see cropping up again and again in the media.
  • Comment Having a network of people to offer opinion and analysis is critical for most journalists and it's a great way of getting your name out there, even when you don't have any news. So make sure your media contacts know who you are and what you're qualified to talk about by introducing yourself with a short biography and an offer to help.
Jas P

The Secret To Capturing Valuable Customer Testimonials Every Time | The Daily Egg - 0 views

  • Which questions are the most important for your company? That’s a question only you can answer. To give you some ideas, these are the questions that I use: Name – This indicates who filled out the form. Website – This documents which website was worked on. What service did you have completed? – This records which service the testimonial is for. Are you happy that you had this service completed? – This indicates whether or not the customer was satisfied with the service and provides a lead in to the next question. If yes, why are you happy that you had this service completed? – The answer to this question provides the first paragraph for the testimonial. Instead of asking someone to simply “write a testimonial or recommendation,” I ask a specific question prompting the answer that I’m looking for and leading the customer down the path I want them to take. Wufoo forms also allow you to provide explanation text on the right side as another way to lead customers down the right path. I like to use this text to provide a sample of the kind of content that I’m looking for. (An example of this can be viewed here.) On a scale of 1 to 10, how likely would you be to recommend this service to a friend or colleague? – This question provides the most relevant customer satisfaction data, according to a post from KISSmetrics.com titled “Why Customer Satisfaction Surveys Aren’t Useful and What To Do About It.” It also serves as a lead in for the next question. What would you tell them? – This question once again leads customer to provide the content that I’m looking for in a customer testimonial by asking a specific question. Once again, you can also use Wufoo forms to provide a sample testimonial for this question. What suggestion(s) would you give as a way to improve our service? – This question is the most helpful for customers who were dissatisfied for one reason or another, but the answers have to be taken with a grain of salt. Sometimes dissatisfied customers won’t be satisfied no matter what you do. It’s best not to make changes based on every answer given to this question. It’s necessary to ignore some suggestions because you can’t keep everyone happy and can’t implement every suggestion.  However, in some cases the answer to this question could lead to valuable insight on improving your offering. Do you mind if your name and website are shared on my customer testimonial page? (i.e. Do you mind getting a free link back to your website?) – This question asks for permission to share the customer’s testimonial, and it’s always a good idea to get permission before sharing something like this if your privacy policy doesn’t already include it.
  • p.s. If you’d like to check out my form to see how it works, you can view it here.
  • I personally prefer to ask as few questions as possible for any survey I create.
Jas P

Don't Fall Asleep at the Wheel: Successful Entrepreneurs Have Lives | Entrepreneurs on ... - 0 views

  • Among tech entrepreneurs, there is a strong bias toward the single lifestyle for the sake of focus and an obsession pride in working 80 hours a week. But the data suggests this bias makes companies worse, not better.
  • The pundits proposed the mid-20s as the optimal age to start a company: At 25, entrepreneurs can give “everything to their company,” one pundit opined, suggesting that founders should not be “hamstrung” by families and non-business related commitments.
  • The Kauffman Foundation surveyed 550 successful entrepreneurs across multiple sectors, determined by profitability and being named a “high-valued” business by their peers. Their data suggests that most successful founders are in their mid-30s and married with children:
  • ...6 more annotations...
  • "Founders tended to be middle-aged—40 years old on average—when they started their first companies. Nearly 70 percent were married when they became entrepreneurs, and nearly 60 percent had at least one child, challenging the stereotype of the entrepreneurial workaholic with no time for a family."
  • "The real hero is already home because she figured out a faster way to get things done.” In other words, the goal should never be more hours but quality output. 
  • “Workaholics aren’t heroes. They don’t save the day, they just use it up,"
  • On average, these masters practiced in 90-minute spurts, three times a week, and slept 8.6 hours a day. That doesn't sound anything like the average entrepreneur’s schedule, but maybe it should, because both entrepreneurs and violinists need to be competitive and creative.
  • Two books that change the way I looked at innovation and creativity, The Power of Pull and Imagine, encourage entrepreneurs to step outside their “worldview” and challenge their assumptions on a consistent basis, which is also known as “taking a break." 
  • It pays off to take breaks and remove yourself from your company. 
Jas P

How to Ask for Testimonials - SitePoint - 0 views

  • To ensure that you get results, you might want to give your clients that nudge at specific times, such as when:you’ve solved their problemthey’ve achieved success through your offeringthey express that they’re happy with your workthey thank you profuselyyou successfully deliver a product on time
  • Of course, most of your clients will be busy people who don’t have much time set aside for tasks like this. That’s why it’s your job to make it easier for them. One way to do this is to provide them with a few sample questions in your testimonial request email. Here are a few that you might want to put to use:What prompted you to seek [your/your company’s] services? What situation or problem did you need to solve?Why did you specifically select [you/your company] for this project?What made you believe that [you/your company] was the best for achieving your desired result?How did you benefit from working with [you/your company]?What are the two most significant improvements that have resulted from your work with [you/your company]?What exactly did [you/your company] do to contribute to the outcome you wanted?What were the results of working with [you/your company]?Describe why you feel that working with [you/your company] was successful.In the future, what type of businesses would most benefit from working with [you/your company]?If a potential client was on the fence about whether to work with [you/your company] or not, what would you say to them?
  • Letter to a client whom you’ve asked to write a testimonial:Dear [Client],Working with clients like you makes my business a great joy. Thank you for agreeing to provide a testimonial. Your story will help inform our potential clients why it’s good to work with us and how they can benefit.To help you get started, I’ve included a few questions, but please feel free to write whatever you like.[Include two to four questions, using the above list as a guide.]Thank you for your time and kind support. We value your business and look forward to working with you again in the future. Please let me know if there is anything further I can do for you.[Your preferred closing],[Your name]
Jas P

Mobile Apps: HTML5 vs Native - 0 views

  • The question The main question in play here is: How thick should clients be? Let me define my terms: I define the Client as the thing which is used by exactly one user, which interacts directly with that user, and which is probably physically close to that person. I define the Server as the thing which is shared by multiple users, which interacts directly with the Client, and which could be physically located anywhere. I define the Pipe as the connection between the Client and the Server. I define the notion of a Thick client as a relative term. Thicker clients have more app-specific code and are less dependent on the Server. Thinner clients leave more of the app-specific work to be done on the Server. There are two main variables in decisions about the thickness of clients: The quality of the Pipe: This includes bandwidth, latency, availability, reliability, and cost The Client side costs: This includes cost of hardware, software development, deployment, upgrades, and maintenance. And, there are two laws which apply: As the quality of the pipe goes up, the client can get thinner. As the client side costs go down, the client can get thicker.
  • This issue is not new Back in the 1960s and 1970s, when we only had mainframes and minicomputers, there was a distinction between smart terminals (thick clients) and dumb terminals (thin clients). In the 1980s, we got workstations (really expensive thick clients, purchased by people who perceived them as cheap compared to the mainframes and minis) and microcomputers (far less expensive thick clients, purchased by people who previously didn't have a computer at all). In the early 1990s, the high cost of workstations gave rise to X terminals, thin client devices which couldn't do much more than display the graphical user interface. My manager bought one of those fancy new 19.2k modems and actually tried doing Motif widget development from home. In the mid 1990s, web browsers appeared. For a very brief time, this technology was regarded only as a way to collaborate on hypertext documents. This phase of the web lasted for most of an afternoon. Meanwhile, back in Champaign, Illinois, the Unsung Hero and His Eminence were busy building a web browser which had more "stuff" in it. What kind of stuff? The sort of stuff that made web browsers into a platform for delivery of apps. And the technologies of the web have been moving primarily in that direction ever since. Java applets (developed a fatal disease called Swing) ActiveX (declared dead seven years after it went missing) Flash (murdered by Steve Jobs) Silverlight (murdered by HTML5) In the late 1990s, people (Oracle, I think?) tried to sell something called a Network Computer. It was a little PC with a video card, some RAM, an ethernet card, a web browser, and no hard disk. Thin.
  • HTML5 arrived. Actually, the spec is still a long way from being finalized, but nobody knows that. People needed a name, so they started saying "HTML5" before it was fully cooked. Common usage of the term "HTML5" is actually fairly accurate, at least compared to the way telecom companies use the term "4G". And now, this war has moved to the battlefield of mobile. Smartphones and tablets.
  • ...6 more annotations...
  • Black and white As I said above, people exhibit a black-and-white mentality about this issue. In part, this is because people who make polarizing predictions tend to sound more visionary. In some situations, being inspiring is far more important than being correct.
  • Another reason that people like to hear black-or-white predictions about the future is that it makes them feel better. Uncertainty is uncomfortable.
  • nobody likes articles like this one, essays which claim that the world is defined in shades of gray. This is why you stopped reading two scroll bars ago.
  • Nonetheless, for this round, I'm betting on native apps, for three reasons: Recent declines in Client side costs. For example, the App Store makes a huge difference in issues of installation and upgrades. Current problems with quality of the Pipe. Users of smartphones and tablets have high expectations regarding the quality of the user experience. My own preference. I'd rather spend my time creating products that delight users. Wal-Mart may be successful, but the goal of making everything cheaper just doesn't look like much fun.
  • But native apps are just better. They always have been. That's why they cost more.
  • web apps and native apps can and will coexist.
  •  
    Nice breakdown on the differences between building a thin (html5, etc) vs thick (native) mobile app.
1 - 9 of 9
Showing 20 items per page