Business Mentor tip # 80 – The incredible power of partner marketing… and how to sell glasses to people who don’t need them!

No problem with the marketing vision for the folk at Specsavers.  Not only do they have a very funny ad campaign – the ‘Should’ve gone to Specsavers’ series (my favourite is the father on the finishing line of school kids running race where he thinks the kid who comes first is his and goes crazy hugging him, while his own son plods up last).  They also do some clever stuff with their marketing and sales strategies behind the scenes.  On Friday I got an email from AA (automobile not alcohol version) offering me a free sight test with Specsavers plus $50 of their two for one deals.  I started needing glasses for reading a year or so ago and whilst being content with my $50 pair of reading specs from the pharmacy, I thought an eye test could be a good idea.  So I booked in and today went for my test, which was very thorough and examined my eyes from every angle as well as my near and far vision.

The good news for me is that my eyes are very healthy, my vision is pretty good for an old gal and the cheapo pharmacy readers are all I really need.

The good news for Specsavers is I spent $319 on two new pairs of reading glasses.  Well, it was $50 off a $299 two for one deal.  Plus of course I needed to spend the $70 on non-reflective coating naturally.  I walked out of there somewhat dazed yet bemused by my own shopaholic tendencies. Good eyesight does not necessarily equate to good judgement obviously.

However, I was impressed at the marketing process that got me to spend this money on items I didn’t need.  Let’s just recap:

Firstly the email from AA offering a free eye test.  Specsavers have clearly have a partnership arrangement with this organisation, which has opened up one of the largest databases in New Zealand to them.

Then the offer of $50 off.  I didn’t need to buy glasses.  I was told as much by the professional who tested my eyes.  But she did guide me towards the rack showing the lovely range of glasses they had, whilst telling me how much I’d enjoyed the extra comfort of an anti-glare coating.  It was hard to resist.  I mean $50 off.  Come on.  And the $299 options did look so much nicer than the $199 ones…

And to top it all off, the sales.  Oh the sales.  Yes by all means look at those ones, but have you seen these ones.  And are you sure you don’t want anti-glare coating?  Let me show you the difference, take a look through these glasses.  One lens has the coating the other doesn’t. Have a look in the mirror.  What a difference!  Of course I bloody want the coating. Bring it on.

Sold to the lady with the trembling credit card!

Well done Specsavers on a job well done. Am so looking forward to a life without glare and the best looking readers in the cafe next week!

 

From the desk of Liber8me.  Business mentors and experts in small business exit strategies. 

 

An important lesson on truth from the Bollywood Dentist…

I had a big shock last week on my way back from Tonga.  Upon the recommendation of a client I called into see a dentist for a second opinion on my troublesome tooth.  The dentist was Dr Loy at the Caring4smiles practice in Epsom.  After one hour with him I had committed to spending the next two years and over $20,000 with him, travelling from Wellington to Auckland to do so.  When all I had wanted was advice on one dodgy tooth.

How did this happen?

Quite simply, Dr Loy told me the truth.  And was the first dentist in my nearly 50 years of life to do so.  It wasn’t pleasant.  In fact it was quite horrifying.  The truth is a very powerful thing.  There are lessons to be learnt here.

But first let me tell you more about Dr Loy.  His story is worth telling.

Dr Loy graduated ‘cum laude’ in Dentistry in India in 1978 and started his own private practice in Bombay. He told me how he invested 250,00 rupees in this practice and his ‘uncles’ (indian term for all male relatives) told him he was crazy.  The average start up cost for a business was 60,000 rupees.  He went out on a limb from day one, believing that if he built it people would come.  His commitment from the start was to tell people the truth about their teeth.  Within a few years he had so many customers he could no longer drive his own car to work, because people would follow him trying to get an appointment.  He was the dentist to the Bollywood stars and could command any price he wanted.  It seems when it comes to their teeth, the truth is an important factor.

Dr Loy had a wake up call about the importance of family the day his young son asked him where the bed was at work, claiming his father must sleep at work because he’d never seen him sleeping at home.  Soon after Dr Loy moved his practice and his family to Auckland where after some years working part time to spend time with his kids, he began to build his practice from scratch all over.  Again, he spent a fortune on start up - renovating an old villa in Epson, believing that if he built it, the people would come.  And once again, his commitment was to tell people the truth about their teeth.

Now people like me are travelling all over New Zealand to see Dr Loy, turning their backs on the dentist they’ve had for years in their home town.  Why?  Because he tells you the truth.

So why is the truth so powerful?

Let me ask you this.  Have you ever seen a picture of your teeth?  I mean all of your teeth, inside, close up with a powerful camera?  Have you had someone sit with you for half an hour and tell you the history of your teeth and predict the future based on everything they see?  I suspect not.  I certainly had never experienced this.

It was not a pretty sight.  My back teeth are a mess.  A patchwork of fillings made by different dentists over the years, who have been chipping away at my teeth for decades.  There is very little actual tooth left on my major molars, and what is left is a spiderweb of fine cracks spreading all over, just waiting for me to bite on a popcorn kernel and crack them wide open.  This is why I was visiting Dr Loy in the first place.  A big molar cracked when I bit on a chicken bone causing major pain right into my roots.  There is now doubt as to whether this tooth can be saved.

Dr Loy showed me that all of my molars are the same.  A timebomb of cracks waiting to explode.  It’s a matter of when not if.  Teeth should never be repaired in this manner he told me.  There should be a building plan with long term sustainability in mind, not a lifetime of quick fixes with no care for the future.  He likened dentistry to the building trade.  If you keep patching up a house with no plan, eventually it will fall apart and need total gutting and re-building.  But if you get a good engineer and architect in and build with the future in mind, you can keep a house in great shape forever.

In half an hour Dr Loy did two very important things.  He firstly destroyed my faith in my current dentist, who has been patching up my teeth for the last fifteen years and has never once shown me what they look like.  Not once.  And secondly, Dr Loy gave me total faith in himself by showing me the history and future of my teeth and offering me a solution.

We need a plan, he said.  We can re-build your teeth and give you a healthy mouth for the rest of your life.  It will take time and money.  He was completely upfront about the cost and the options.  He didn’t charge me for the photos.  He said he was happy for me to take them somewhere else and get another dentist to do the work if I wanted.  But how could I?  I left angry at all of the dentists who have been chipping away at my teeth for years without a care for the long term impact.  I only trust one dentist now.  And that’s the one who told me the truth.

There are lessons to be learned here for all of us in business.  What is the truth your customers need to hear that your competitors are not willing to tell? 

From the desk of Liber8me.  Business mentors and experts in small business exit strategies. Based in Wellington, New Zealand.

 

 

Business Mentor Tip #73 – If you build it will they come? @drrobadams

 ”If you build it will they come?” is the title of a new book by Rob Adams.  I attended a workshop taken by Rob last week and was impressed enough to make it my next business mentor tip.  Forgive me Rob if my interpretation of your material in any way undersells it!

The key to successful business is having a product or service that enough people will buy to meet your financial targets.  Many (dare I say most) business start out with what Rob calls the ‘ready, fire, fire,fire, aim’ approach which typically goes like this.  Think of a product/service idea that you think people will love, get it ready for market, dress it up in the way you believe your target audience will find attractive and then attempt to sell it.  When sales don’t meet targets you re-visit your sales strategy and try again.  And again.  Sound familiar?

Well think again.  Surely a way to increase your chances of selling people what they want will increase if you ask them what they want and then deliver it to them in the way they want to receive it?  Or in other words as Rob Adams says … ’ready, aim, fire’.

This is called market validation.  In essense this means that you go out to your market and find out what their problems are first.  Then you develop the product or solution that will meet those problems better than anything else out there.  You get it right before you invest in development and marketing.  It sounds so logical doesn’t it?

So how do you validate your market?  In Rob’s book ‘If you build it will they come?” he takes you through the methods and steps involved.  But before you rush off and buy it, I’ll share the tip he gave us at the workshop:

Before you launch anything new - a new product or service/a new brand or a new campaign – call up 100 people who represent your target market and ask them what they really need.   In Business Mentor Tip #63 – Gather Your Insights I gave you a list of questions that a someone developing a new business planning tool might ask.

In these questions you are looking for the problem to solve.  What frustrates people?  What annoys them with current options?  What are they trying to do that your product or service could make easier for them?  It’s all about easing pain.  Find the pain and offer the solution.  Ask questions that give you meaningful answers to help design your products and marketing campaigns to meet the need.

The added bonus is that people will pay more for something that makes them feel better.  If you can give them what they really want, they are happy to pay for it.

So… as you think about your product development and marketing from now on, remember, Ready, Aim, Fire!

You can buy your copy of Rob’s book here: http://www.amazon.com/You-Build-Will-They-Come/dp/047056363X

 

From the desk of Liber8me.  Business mentors and experts in small business exit strategies.  Based in Wellington, New Zealand.

OMG! How long can you own a niche?

Remember my blog a few months ago about the wonders of MGP scooters as a brand story? http://www.liber8me.com/07/mgp-scooters-rock-the-world-what-a-fantabadooly-madd-business-mgp_scooters/

Well now there’s Slamm scooters… you tell me the difference between the two.  And what lessons can we learn from this folks?