Archive for the ‘Goal and Strategy’ category

Renegade eBay Strategy : Feedback

February 12th, 2012

Renegade eBay Strategy : Feedback PhotoLet’s talk about feedback. We all know that feedback is an essential component of eBay, in fact it’s probably a large part of why the company has been so successful. In marketing terms we might refer to feedback as social proof. I’ll explain what I mean. We all make decisions based on what others do, yes we are influenced by others to an extraordinary degree.

If someone tells us that they enjoyed a great meal or watched a really good movie, chances are that we’ll do the same, based on their recommendation. That’s social proof.

The principle works on eBay too. When we read the feedback comments left by buyers and sellers we take note. If those comments are predominantly positive then we naturally trust the person behind that account.

So not only is feedback an essential aspect of eBay that virtually all buyers and sellers devote significant amount of time to reading, it is one that deserves more attention than you give it now.

For most sellers, leaving feedback is a few rushed words, fairly generic, and posted without much thought. The renegade seller on the other hand realizes that there is an opportunity to make more of this important aspect of eBay.

Firstly, don’t leave feedback to chance. Rather than letting buyers write the first thing that comes into their heads, prompt them a little. How can you do that without seeming impolite or demanding?

Send out an e-mail around the time you expect them to have received their item, and politely ask them not to leave feedback until they are 100% satisfied. If there’s something that needs to be fixed, tell them you want to do that. Let them know that you live for happy customers!

Next, guide them as to what to write. Suggest to them that your customers are delighted because of the fast shipping, friendly service, fair mailing costs, quality of items, and any other benefits you can think of. This is an NLP technique that plants the thought in their mind, so that when they come to leave you feedback, you’ve already told them what to mention! Is this deceiving customers? No, not if you genuinely do deliver these benefits. You are simply helping to remind them.

Another important renegade feedback strategy is to include a marketing message in the feedback YOU leave. For example, instead of the usual, “Great transaction, recommended eBayer etc etc” that most buyers and sellers default to, use the space to further promote your items.You might say, “Thanks from BobMillsPosters.com — eBay’s #1 Collectable Poster Store.”

In the above example, notice that the feedback message points people back to a domain name, which would be either the eBay store or your own website. Also, notice that the first letter of each word is capitalized — an effective marketing technique to make the wording stand out.

Remember, feedback comments stay on an account for a very long time, so use that precious ‘real estate’ wisely.

The Significance of Plans and Strategies in Business Management

May 30th, 2011

The Significance of Plans and Strategies in Business Management PhotoAll aspects of business management use information to create plans and strategies in purpose of strengthening the company well in the future. Most of business owners and the company executives are willing to keep growing for years, so they emphasis on the future as their focus all the times. The greater client satisfaction is reached; the better off a business will be in the long term.

The method of strategies at the same time is dependent greatly on the accumulating of information regarding external environment, market trends, competing firms, innovations in technology, and potential customers. The concept is usually to attract clients on a regular basis. This ought to take place repeatedly, and to ensure that this particular thing to happen, particular improvements must be developed regularly.

Many other business information managers will use tools that include market research reports with regard to particular industries, nations, and other regions. The market data have to consequently be obtained and viewed by advisors who are able to review it for a certain product or perhaps niche.

A number of components of information can supply beneficial understanding into what requires to be completed. For example: company profiles, primary executives, phone numbers, financial data, as well as business plans. These instruments can provide the information required for strategic planning, marketing, and sales, in order to make preferences such as if to increase customer credit or not.

Business management involves every element of the corporation, and managers will be consistently seeking strategies to generate improvements. Aside from client satisfaction, business managers have to seriously consider the way their staff members are generally accomplishing at the same time. Teamwork is actually a vital component to companies nowadays, and business managers need to ensure all team members are working together to achieve the specified company-wide goals promptly. The main goal is to be successful and make advancement. This implies forward movement and results that may be documented. This is the reason it is important for business managers to learn what every single team has been requested to achieve and whether those goals are being achieved.