The Power of Moms

May 11th, 2009

This research shows how important it is to target the mom in the household. The figure that Moms control 85% of household spending dovetails with prior research showing that over 80% of household financial decisions, like banking, are made by women.

Last night (Mothers Day) on the news or 60 Minutes, the average salary of a stay-at-home mom, if she were being paid a wage for what she does, would be $122,000. That would be $334 per day or $13.92 per hour assuming that the job is 365 days per year, 24 hours a day.

Good information here on moms’ use of technology, and how they’re best reached. Read Article.

Recent research on declining newspaper circulation.

May 8th, 2009

What’s missing is a breakdown of where and how much circulation is falling off among subgroups- affluent, age, college educated. The other thing that’s missing is if newspaper web sites are increasing incrementally, i.e. NY Times newspaper is off by 3.5% during the week and 1.7% on Sundays- is nytimes.com up by x %? If they view themselves as a distributor of news, are people turning to them more, less, or the same regardless of whether it’s paper or electronic.

Read Article

How to Get the Most Out of Social Networks and Not Annoy Users

April 28th, 2009

We were just talking in the office the other day about the constant barrage of requests to join this network and that, and this article coincidentally appears.

Read Article

Customer Service and Customer Loyalty

September 4th, 2008

I read an article today by Susan Ward and the article focused on good Customer Service.

According to Ward:

“Good customer service is the lifeblood of any business. You can offer promotions and slash prices to bring in as many new customers as you want, but unless you can get some of those customers to come back, your business won’t be profitable for long.

Good customer service is all about bringing customers back. And about sending them away happy – happy enough to pass positive feedback about your business along to others, who may then try the product or service you offer for themselves and in their turn become repeat customers.”

Having recently battled with a company with poor customer service, I know first hand what it is like to lose loyalty in a company purely based on customer service experience(s). A product may be terrible, but if a company is willing to rectify the problem then I’m willing to give the company a chance. If a company implies that it doesn’t care whether you are loyal or not, it will more than likely lose my business.

I pose two questions for you to think over:

Why aren’t more companies trying to keep loyal customers through customer service?

Why does the primary focus seem to be on sale prices?

I am appalled at how bad customer service can be. Only occasionally do I ever experience a good outcome from customer service. Most often, I am put on hold, disconnected, talked to like I’m a child, etc.