Results tagged “influence” from stevenfeinberg.com
Fourth, Perpetual influence: targeting the “moments of truth” that influence your customer experience and drive brand perception every single day. This is where customer decision triggers impact in-store experience and customer facing interactions in most any industry, online and brick and mortar. We performed an influence audit and recommend ways to manage the customers experience.
Decision Triggers: My 2 Cents Worth
I call it ‘My 2 cents worth’ influence strategy. But it can be worth immediate cash to you as it has been worth millions when applied. A $15,000 luxury hot tub spa was producing slow sales. In determining what to do to move sales Dr. Cialdini, an influence strategist, asked the salesman, “What would an addition to a home cost in this neighborhood?”
“About $70,000.”
Next time a prospect asks begin your answer with, “What would an addition to your home run you?”
and immediately after they say $65 - $75,000, you add in this information, “Well this luxury spa is like an addition to your home, and its $15,000.” Sales skyrocketed.
them from prospects to buyers.
When you put in your ‘2 cents worth’ make it worthwhile for the customer or your colleague. This is replicable. The masters of influence use it every day.
Imagine 3 buckets. One with hot water, one with ice and one room temperature.
Place your hand in the hot water and then into the room temperature bucket, it will seem cold.
Place your hand in the ice water and then into the room temperature bucket, it will seem hot.
Bucket of Ice Bucket of Perception Bucket of Hot Water
Hot? Cold?
Depends on what came first
Whatever came first affected the ‘bucket of perception’. It was the contrast that determined the ‘bucket of perception’.
Ask yourself compared to what?
The contrast principle is also the foundational thought process used when creating winning brands. Listerine compared to Scope. Bayer compared to Tylenol.
If you are not using the contrast principle I can assure you are bungling opportunity.
And this strategy only costs your “2 cents’ whether you use it with your customers, your peers or your boss.
What’s the biggest hidden killer of business?
It's central to leadership, sales, influence, persuasion, marketing, performance, doing more with less, getting stuff done on time, taking the right tack, and outwitting your competition in the midst of economic uncertainty.
This is not a trick question.
It’s knowing how to manage interactions.
The road to hell is paved with mishandled interactions.
Sticky problems become stickier when you don’t handle interactions skillfully.
And it doesn’t have to be that way.
Your interactions with customers, colleagues, and especially with your competitors' strategy make a huge difference.
Jan Carlson, president of SAS Airlines, turned an ailing airline, SAS, around from $20 million in the red to $80 million in earnings by managing interactions. Specifically, he identified 5 significant "Moments of Truth" – the points of contact in your business interactions in which you create advantages or disadvantages. Like baggage handling, seat selection, boarding, and departing from the plane etc.
Carlson asked the question, "What business are we really in? We are not in the business of flying airplanes. We are in the business of providing for the transportation needs of the traveling public. Therefore, our real assets are not the airplanes, but the passengers. We have to focus on giving them quality service for repeat business."
And Carlson got to work influencing customer perceptions by managing the interactions. On average there were 10,000 daily passengers experiencing 5 Moments of Truth each flight. That’s 50,000 Moments of Truth each and every day.
Carlson was an Advantage-Maker. Shifting interactions changes the game. And furthermore, he shifted structures to accommodate to the new interactions with the customer. By shifting structures you shapes behavior with less resistance.
How many moments of truth does your business have? Have you identified them?
Do you know how to manage those interactions?
Are you skillfully shifting the structures to shape customer behavior or aligning employee actions?