value
679 posts
10 Ways To Stand In Your Customer’s Shoes
When LEGO was developing a castle play set they brought fans of all ages together to get feedback. The adults loved it. “But where’s the dragon?” the children asked. The adults explained that there were no dragons in Medieval times. “Where’s the fun in that?” the kids replied. So, the dragon was bor
Thinking About Your Assets
Take a blank page. Draw a line down the centre. On one side list your tangible assets, things like stock, equipment, products and your website. On the other side make a list of your intangible assets, stuff like intellectual property, trademarks, brand names, the skills of your team, your customer d
Was Everything Okay?
The table was clean. The waitress arrived to take coffee orders within a couple of minutes. We tried to ignore the peeling corners of the laminated menu. The food and the coffee were fine. The waitress polite in a ‘going through the motions’ kind of way. Her parting question as we paid the bill….. “
It’s Harder To Matter On Purpose
It’s easy to think about what it would be like to build your business around the quick win. To be the author of the book discovered by a random stranger at the airport, or the designer who gets picked by the awards committee. It’s much harder to matter on purpose, to be intentional about the…
Significance Could Be Your Competitive Advantage
You’re late for an appointment and in your rush to get out the door you forget to put everything into your bag. QUESTION Which would you rather FORGET to bring with you, your wallet or your phone? 2006 ANSWER PHONE. 2014 ANSWER WALLET. A competitive advantage isn’t always as tangible as the patents
Success Is How Your Customers Feel
You’ve just had a great launch. You made your monthly sales targets. Your stock sold out in one day. There are a hundred and one reasons to celebrate, and one thing to remember. Success is not just a data point that you hit on the sales chart, or a dollar figure that makes your accountant…
The Number One Way To Create Value In Any Marketplace
In an era when we can push a button on our phones to summon a driver, why is shopping for a television still a nightmare? I doubt that there is a single person in the history of the universe who has enjoyed shopping for a TV. That row upon row of yellow stickered, feature described…
How Apple Succeeded, While Others Failed
When Apple designed their first store, they made sure that over half of it was dedicated to what they called, ‘solutions’. The store wasn’t stacked ceiling to floor with inventory, instead it was a wall-to-wall space of discovery. While most retailers were showing people what they had in stock, Appl
Value Is A Story We Want To Believe
If you’ve ever doubted that we are, as Jill Bolte Taylor says, “feeling creatures who think” just stop in the salt section of your local supermarket. Salt is as close to free as any product can get. You can buy a kilo for a dollar, or a Pink Himalayan variety for sixty times that price.…
Hope Is Not A Marketing Strategy
There’s a tiny market in Potts Point every Sunday. Each week the stallholders show up and hope. They hope that someone who might be their customer will show up too. The stallholders sell things that a passer-by might want, usually things that they could get somewhere else if they weren’t going to bu
How To Be The Best In The World
LEGO® bricks are the best in the world. Competitors have tried to copy them over the years, but nothing comes close to a real LEGO® brick. So what’s the secret? To make a product that good you’ve got to continually obsess about design and production lines and quality control. But what makes LEGO® th
The Secret Power Of Promises
Have you noticed that about a month out from Christmas people begin not to be able to promise you anything? “We’ll try to fit you in, but…you know how it is at this time of year. We can’t promise you anything.” Promises are the reason we trust the brands that we trust. Promises are the…
The Question Your Competitors Forgot To Ask
The foundation of many businesses is a simple what. What do we serve and sell, for how much, at what profit margin? Getting stuck in ‘the what’ puts you squarely in the commodities business. If the value you create is purely tangible then you’re not giving people a reason to care about your brand, o
Price Is A Story We Tell Ourselves
I’m worth it. It might be gone tomorrow. You could make it at home for half that. This is a one off. People pay for intangible value all the time. Consider Uber, “the app that connects you with a driver at the tap of a button” on your smartphone. If you simply need to get…
Your Work Is A Gift. Talking With James Victore
Your work is a gift. Doesn’t this stop you in your tracks for a second? That’s what it did to me when I saw James’s Victore’s talk on the subject (well worth bookmarking to watch later). James runs an independent design studio in Brooklyn, he is known for his original thinking and unforgettable work
The Value of Soft Data
We assume that the most valuable data is static and lives on graphs and in spreadsheets. Turning to the graphs first, last and always to get to know your customers, is like looking at a child’s development purely on a growth chart. You’re definitely not getting the whole picture. While we’ve been bu
Why You’re Stuck And The Perils Of Peer Gazing
There’s so much cool stuff ‘out there’. So many great ideas already being brought to market. And plenty of people who have done the things (or similar), that you want to do. The trouble is you can’t find a way to stop marveling and being just a teeny bit overawed by them. The Internet has…
Value Is A Story We Tell Ourselves
Value is what we believe in the moment and not simply a measure of gain, relative to units of currency. Value is a story we tell ourselves based on what we perceive and what we think is true. Our framing of the value story is the reason that passers by walked past original works of…
You Don’t Have To Matter To Everyone
We weren’t meant to be sitting next to each other. The European blonde, who didn’t want to be separated from her boyfriend for 10 hours overnight between Perth to Dubai, asked if I would mind moving to the middle seat in the row behind. So this is how I got chatting to a the chap…
Demographics Vs. Worldviews
It’s impossible now to presume everything about your customers just because you know their age, sex and postcode. In a digital world, that enables ever increasing possibilities and choices, people are no longer constrained by location, age, or gender, and they are not so easy to put into a box eithe
