As you may have noticed in previous posts, I not only blog,
but I am a blog follower. One of my
favorites is Seth Godin, who today made an ingenious distinction between two objects
of obsession. The first is when a
direct marketer develops a targeted message, mails (or posts) it, and then
obsesses over the immediate measurable results.
Direct marketers do things like A-B splits; where they send 10,000
direct mail pieces; half of which will have either a slightly different offer,
or maybe a different headline. Then they
obsess over the “open-rate” or the “conversion-rate” of each. They market so surgically, almost all of
their business comes as a direct result of a specific event at a time.
Operating or working in a retail jewellery store has waaaay
too many moving parts to obsess over immediately measurable results. You can place an ad for a loss-leader and see
how many you sell, and that can be measurable.
You can promote an event and obsess over the number of people who
show-up. You just can’t have three
different advertising media in play and one promotion during the month, and
obsess about your monthly sales. There
are too many factors at play.
In something as complex as a retail jewellery store, we
should rather obsess over outstanding customer experiences, effective conflict
resolutions, add-on sales and continually educated and motivated
personnel. Obsessing over the right
things will help build your business, but obsessing over achieving a single number
(monthly sales) won’t tell you about the small failures and the small victories
along the way.
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