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	<title>Geared For Profit &#187; experience</title>
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	<link>http://gearedforprofit.bluepower.net.au</link>
	<description>gearing up your company for profit</description>
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		<title>Customer focus &#8211; build it into your strategy</title>
		<link>http://gearedforprofit.bluepower.net.au/customer-focus/76</link>
		<comments>http://gearedforprofit.bluepower.net.au/customer-focus/76#comments</comments>
		<pubDate>Thu, 29 Jan 2009 00:57:57 +0000</pubDate>
		<dc:creator>Scott Farrell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[customer focus]]></category>
		<category><![CDATA[experience]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[mission]]></category>
		<category><![CDATA[vision]]></category>

		<guid isPermaLink="false">http://gearedforprofit.bluepower.net.au/?p=76</guid>
		<description><![CDATA[Are you focused on your customer ?
How to consolidate customer focus into the roots of your company.]]></description>
			<content:encoded><![CDATA[<p>Are you focused on your customer ?</p>
<p>You should think / write / experience everything from your customer&#8217;s perspective.</p>
<p>Don&#8217;t write on your website &#8216;We are an advertising agency&#8217;. That is focused on your self. Instead try &#8216;helping you to get more bang for your advertising dollar&#8217;.</p>
<p>Your customer focus needs to be right back at the roots of your company &#8211; in your mission /vision / brand.</p>
<p>This is a great post by Jay Ehret about a <a href="http://themarketingspot.blogspot.com/2009/01/branding-furniture-store.html">case study</a>.</p>
<p>Here is the original focus in the case study  :</p>
<p style="padding-left: 60px;"><strong><span style="color: #a82424;">Mission:</span></strong> To provide our customers a great value with our lines of furniture and to provide tailored furniture and services to meet their needs, striving for 100% customer satisfaction.</p>
<p style="padding-left: 60px;"><strong><span style="color: #a82424;">Vision: </span></strong>To be the number one destination point for furniture in the region.</p>
<p style="padding-left: 60px;"><strong><span style="color: #a82424;">Brand Promise: </span></strong>To provide tailored (customized) furniture and services to meet your needs.</p>
<p>Can you recognize above &#8211; how its inward focused ? how it&#8217;s talking about you and your company ?</p>
<p>Does that sound like your own mission/vision statements ?</p>
<p>And here is the updated version &#8211; adapted from Jay&#8217;s work:</p>
<p style="padding-left: 60px;"><strong><span style="color: #a82424;">Mission:</span></strong> To deliver furniture that tells stories. To alter competition from price to experience.</p>
<p style="padding-left: 60px;"><strong><span style="color: #a82424;">Vision: </span></strong>delivering lifestyle to customers through furniture.</p>
<p style="padding-left: 60px;"><strong><span style="color: #a82424;">Brand Promise: </span></strong>Come home with pride.</p>
<p>We are now talking about customers and experience.</p>
<p>We&#8217;re taking the game from furniture to experience. Customer&#8217;s will enjoy the lifestyle benefits associated with our furniture. Customers will talk to other customers about the experience at our store.</p>
<p>Learn more about <a href="http://gearedforprofit.bluepower.net.au/being-competitive-in-the-experience-economy-27">customer experience</a>.</p>
<p>Imagine the word of mouth, from a proud owner of new &#8216;lifestyle furtiture&#8217;. When they next have guests over &#8211; you&#8217;ll be sure they mention your store.</p>
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		<title>Being competitive in the Experience Economy</title>
		<link>http://gearedforprofit.bluepower.net.au/being-competitive-in-the-experience-economy/27</link>
		<comments>http://gearedforprofit.bluepower.net.au/being-competitive-in-the-experience-economy/27#comments</comments>
		<pubDate>Sun, 25 Jan 2009 07:41:07 +0000</pubDate>
		<dc:creator>Scott Farrell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Blue Ocean Strategy]]></category>
		<category><![CDATA[experience]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://gearedforprofit.bluepower.net.au/?p=27</guid>
		<description><![CDATA[Understand where the experience is in your industry.
Go and own that experience.]]></description>
			<content:encoded><![CDATA[<p>Just listened to podcast from Phil McKinney. He spoke about the &#8216;experience economy&#8217;. Roughly its like why is going to DisneyLand a premium over the local ride park. How does Harely generate such an emotional response ? You pay a premium to get an experience, as opposed just to a fun night out.</p>
<p>Obviously much of this is just strong branding over a long period of time.</p>
<p>It also occured to me, you need to understand where the experience is in your industry. Then you need to go and <em>own</em> that experience.</p>
<p>I&#8217;ll reference &#8216;Circ de Soleil&#8217; and the book Blue Ocean Strategy. BlueOcean talked about Circ-de-Soleil beat out circuses, by making the acts faceless, and removing the expensive actors (both animals and invididual stars). BlueOcean was able to control costs, focus on a better paying market charging a premium price. Less costs <em>and</em> premium prices &#8211; now that&#8217;s profit.</p>
<p>Here I am saying Circ-de-Soleil <em>owned</em> the experience. Its like running an art gallery perhaps, you dont want to be at the beck-and-call of the art industry, as to who will show in your gallery.</p>
<p>You need to own the experience &#8211; <em>not</em> the artists. You need to still make the same money, if you change artists, someone else signs your star. This also stops a star leveraging their value for more pay.</p>
<p>Another good example is say &#8211; &#8216;Kaos Comedy Restaurants&#8217;. Having the waiters be funny, tell jokes, and be rude &#8211; all part of the night. They owned the experience, and not the artists.</p>
<p>RedBubble seems to be generating lots of attention, and recently won a cool-company award. They own the platform and the community in which the art is shown. RedBubble aren&#8217;t in trouble if a single artist goes. You dont go to redbubble to get to just one artist.</p>
<p>I guess this is ultimately what will put Hoyts out of business. They don&#8217;t own the movies. No-one is loyal to Hoyts &#8211; we&#8217;ll go where the movies (the art) goes. OK &#8211; they still have some experience going to the cinema.</p>
<p>Hoyts whole &#8216;only at the movies&#8217; campaign is rediculous. For the life of me &#8211; I cant understand why Hoyts dont market &#8216;better at the movies&#8217; &#8211; &#8216;or more fun at the movies&#8217;, or do lifestyle marketing. The only edge/value they have left is the experience &#8211; yet they market about the movie itself.</p>
<p>I can even see a time, when a huge star disintermediates the whole movie industry, and sells direct over the web, DRM protected movies. Like the next star wars movie &#8211; &#8216;only on the web&#8217;. But that&#8217;s another story.</p>
<p>Don&#8217;t let your company be the next circus or the next Hoyts.</p>
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