| ADvantage
Solutions Newsletter
July Contents:
ADvantage Thinking: Moments of Truth: Being
EXTRAordinary
Power Tools: Phone Cards
Resources for the ADvantage and Shameless Plugs
Trend Watch: Protecting
Our Intellectual Property
ADvantage
Thinking: Moments of Truth: Being EXTRAordinary
The only sustainable competitive advantage comes from
out-innovating the competition. James Morse
Did you watch the Belmont Stakes last month? Millions of
dollars were won "by a nose"! In business as in horse racing this same dynamic
holds. Our loyalty to a business is often because of an extra or a little detail.
Recently, I called my long distance carrier, NextLink, because I had problems using my
phone card and was irritated with that the customer service rep asked if I was using it at
a pay phone or hotel. When I called my sales rep, Jim, he patiently listened to my
complaint and then asked if I had activated the card as instructed in the welcome letter.
I told him I hadnt read the welcome letter (obviously, my mistake!). Instead of
instructing me what to do, he said, "let me check this out for you. What is your
mothers maiden name?" Within minutes he called back to tell me everything was
activated and I shouldnt have any more problems. A little thing? Yes, but the impact
of what Jim did left me feeling like a valued customer.
Have you had the experience of getting "more" than you
expected lately? Competition in all business fields is intense and the leaders are
creating ways to give us "knock your socks off" service. Exceeding customer
expectations has a lasting effect on customer loyalty. And most of the time, it is just
little things that are unexpected that make the most difference.
1. IT IS IN THE LITTLE THINGS Youve heard that you should
underpromise and overdeliver, but I find most of us are still promising as much as we
think we can handle (and sometimes a little more) in order to get the business in the
first place. Then we are stressed and pressured to live up to unreasonable expectations.
And the worst part is that if we do not deliver on these items weve promised, the
customer expectations were set up and we look bad. By leaving out some of the little
things you will do for your client, you can surprise them and create a perception of going
above and beyond. The perception is then that you not only delivered but went above and
beyond
COACHES ACTION TIP>
Promise less and then deliver more! The winning is just by a nose! Identify for yourself 5
points of contact you have with your client or potential clients. This could be your
advertising piece, direct mail piece, your listing presentation, your closing gift. For
each of these 5 areas, what can you do to give yourself an edge, go beyond customer
expectations, amaze and astonish? Just by fine-tuning and giving a little extra, something
unexpected?
2. CONNECT YOUR BUSINESS TO YOUR BRILLIANCE Are you still trying to
be all things to all people? Think going deeper, not wider. The more generic we are, the
harder it is to shine and stand out, yet many of us are scared of losing business if we
focus too narrowly. Does Michael Jordan try to play soccer and ski and golf
professionally? Of course not! He has mastered basketball! Focus on what you love and on
what you do best. Design ways you can have more fun working with the clients that you
serve best.
COACHES ACTION TIP>
List your strengths and what you know you deliver best (perhaps asking people in your
database or who know you well what they see would be useful). Now, write down the
characteristics of your perfect client. Brainstorm a little: How do your strengths fit
with their needs? What services would delight them that you arent offering but
because of your strengths would be easy for you to add as an upgrade? For Instance,
perhaps one of your strengths is attention to detail. Your perfect client includes
investors. What reports or information could you add to your normal presentation that
would WOW them? Or, if one of your interests is motorcycles, how can you develop an event
that gives you an excuse to do something where youd have fun and you could attract
others with the same interest? The difference between ordinary and EXTRAordinary is the
little extra!
3. PERFECTIONISM IS A CHARACTER DEFECT
.but the pursuit of
excellence is not. Stop procrastinating and get into action! Dont sit there and
wait until you can perfect you special ways of touching people, just try stuff and see
what they respond to. Then do more of that!
COACHES ACTION TIP>
Each week this month, choose one new way to upgrade the experience for your client of
doing business with you. Implement into a system so it will now get delivered EVERY TIME!
And then WOW them!
"Good but average is no longer good
enough" TOM PETERS
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POWER TOOL OF THE MONTH: Your Personal Phone Card
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Legend Marketing offers a phone card/business card combination
that is a real winner! You set up a full color, great looking, laminated business card
that has 10 minutes of prepaid long distance.
This business card :
Is rechargable
people will keep THIS business card in their wallets!
Also available in 30 & 100 minute cards.
$46 per dozen (1st time setup charge of $25).
If you are interested, call for more information and a free sample
card!
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Resources for the ADvantage & Shameless Plugs:
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This months RECOMMENDED BOOK:
Samurai Selling: The
Ancient Art of Service in Sales
by Chuck Laughlin & Karen Sage
An easy read that will upgrade your selling skills!
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Real Estate Trend Watch - Protecting Our
Intellectual Property
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The ownership of the "intellectual property" of our MLS
information is the subject of hot debate these days. With Microsofts alliances and
intention to offer real estate information, fear has overtaken many. Ways to restrict who
gets what information is being discussed. But right now, 97% of our listings are available
to the public. It is ludicrous to think we can go backwards and "protect" the
information. The horse is not only out of the barn. It is dead! Dakota tribal wisdom says
that as soon as the rider discovers he is riding a dead horse, he should dismount. In
business today, however, we try other tactics with dead horses: like getting a stronger
whip or researching ways to make dead horses run faster.
My point here is that protection of the information is not what will
make a successful real estate business in the 21st Century. As a matter of
fact, as the paradigm has changed, the person on the cutting edge realizes the more
information they can provide the better their marketshare will be. Discovering new ways to
deliver it or to package it for usability becomes more important than guarding zealously.
And the truth is our value in the transaction has never been just
having the information (and those who thought that was what they had to provide did not
last long) Our value has been our personal skill at building good business relationships
which provide a high level of service and peace of mind for people when they are making
some of the biggest financial decisions of their life.
So the real question comes back to what new way can you increase
your value in the transaction! Were in for some exciting times! Put on your seatbelt
and enjoy the ride!
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Thanks for reading. If you enjoyed this, will you do me a favor?
Take a minute and forward this to others who might benefit as well! Thanks!
Joeann Fossland is a personal
& business coach. She knows the tools needed for highly motivated individuals and
groups to bridge the gap to their next level of success! Call Joeann at 888-484-9608 or
email Joeann@joeann.com to schedule a free 20
minute introductory coaching call or for more information on monthly group masterminding
calls! |