Monday, December 26, 2011

Mastering the Moments that Matter



Ask any seasoned marketer which is easier—finding new customers, or selling to existing ones—and you’ll always hear the same answer: it’s easier to sell to people who’ve already bought from you.
Ask what’s the most powerful form of marketing, and nine times out of ten you’ll hear the answer, “word of mouth referrals.”
Yet still so many marketers fail to focus on being exceptional on both fronts.
Delighting your customers in such that they’re likely to buy more stuff from you, and—even better—tell all their friends how cool you are, isn’t rocket science. It’s all about mastering the moments that matter.

What’s a moment that matters?

Let’s image you go to the same cafe for lunch every single day. Today, you order a slice of pizza.  You slice arrives and you dig in.  After the first mouthful you realized that the pizza is cold, so you flag down the waiter.   What happens next is a moment that matters…
  • The good: The waiter apologizes and organizes a new slice of pizza post haste.
  • The bad: The waiter sticks his finger in your slice, says “There’s nothing wrong with this pizza,” and walks away.
  • The magic: The waiter apologizes, organizes another slice, organizes another round of drinks for you and your friends, and slips you a voucher to come back tomorrow so they can make it up to you.
Which of these outcomes do you thing is likely to drive repeat business and a customer referral?

Moments that matter for bloggers

As bloggers, we’ve got a mountain of moments that matter.  Here are just a few…
  • First impressions: Does your content make an impact?  Is it relevant to what visitors expect they’re going to be reading about? What types of ads are appearing on your site? Do they benefit a reader or will they leave a bad impression?  Do you encourage engagement with, and promotion of, your content?
  • Trust and email addresses: When someone trusts you with their email, do you honor that trust not to share it or spam them with irrelevant messages?  If you promise something in your newsletter do you deliver?  Do you allow people to unsubscribe if they wish to?
  • First conversation: If someone reaches out to engage you in a conversation with a comment, an email, or even face to face, do you ignore them, acknowledge them, or make the extra effort to make them feel special?
  • First purchase: If someone decides to spend money with you, does their dollar deliver what is promised? If it doesn’t, will you return their money? Will fulfillment of the product purchase be seamless and will their details be protected?
  • When something goes wrong: When something goes wrong, how quick will you react and how will you turn a frustrated customer into your strongest advocate?
How you perform in each of these moments can have a long lasting effect on a customer.  You can’t make everyone happy, but if 100 people tell five of their friends about your product, that could mean 500 new sales, and if you repeat the performance with those 500, you could be looking at an extra 2,500 sales.
If you’re selling a $20 product, that’s $50,000 extra in your pocket.
If you want to make money the easy way, then referrals and happy customers are important. How do you rate on the moments that matter? I’ve shared five moments that I think matter for bloggers, but I’m sure there are more.  I’d love to hear from your own experience how you’ve turned a good situation into a great one by mastering the moments that matter.

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