Labor for Love
Learn what this romantic holiday can teach small-business owners.
URL:
http://www.entrepreneur.com/magazine/entrepreneur/2005/february/75666.html
Valentine's Day can mean big business for small companies.
Three lessons in love for entrepreneurs:
1. Listen to the one
you love, and express devotion. Begin by reading The Cluetrain
Manifesto, which contains sage musings like "Markets
are conversations" and "Lack of open conversation kills
companies."
Then initiate a two-way dialogue with your customers. Some
starters:
- Create an emotional
connection with customer appreciation notes and "love
coupons." Think "Thank you for your loyal
business" or "Good for one free service."
2. Bare your
Lovemarks. In 2003, marketing and branding firm Saatchi
& Saatchi coined the term Lovemark--defined as a
charismatic brand that people love and fiercely protect. Aim to be
a Lovemark brand by nurturing respect (performance, trust and
reputation) and love (mystery, sensuality and intimacy). Learn more
at www.lovemarks.com.
3. Love only those
who love you in return. Consultants Don Peppers and Martha
Rogers suggest you build enduring relationships with your most
profitable customers, and tactfully find unprofitable customers
"a different partner." Their new book, Return on Customer, hits shelves in
April.
Kirsten Osolind is CEO and founder of Re:invention
Inc., a Chicago-based marketing consulting company.
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