Follow these Steps to Dominate Your Market Movie megastar Netflix hit on an amazingly profitable competitive advantage shortly after its founding in 1997, by offering DVD rentals via mail at a flat monthly subscription rate. Their well-known business model: subscribers enjoyed unlimited rentals, without the added worry of late fees or shipping & handling. Netflix quickly developed a reputation for…
I’m a new Hubspot enthusiast – to me, they are the gurus of inbound marketing. A noteworthy benefit of inbound marketing is its ability to reach a highly targeted audience. Brian Halligan, CEO & Co-Founder of HubSpot, and the pioneer of the inbound marketing concept, offers this advice: “rather than doing outbound marketing to the masses…
Research shows that 90% of businesses do not know what their customers want. In a world burdened with financial difficulties, American stores need to shape up.
Newsweek Didn’t Hear the News! After nearly 80 years in business, Newsweek will turn out its final print magazine on December 31, 2012, to switch to an all-digital,paid subscription, format. The change has been long in the making as subscriptions and newsstand sales have been on the decline for nearly a decade. Newsweek is the…
Your Internal Policies versus Customers Needs Can Do You In This is one of those blogs that is not lacking for examples. Each of us could write pages on our experiences with this topic, but allow me to make a point for your consideration. I was recently in a NYC restaurant having brunch. Brunch orders…
Don’t Let Price be the Tie Breaker for your Products or Services Have you considered offering “freemiums” (free products or services) to build your customer base? I encourage you to reconsider. Giving away a product or service, in hopes of gaining a following, often back-fires and results in a disappointing return on investment. The reason…
Every business owner wishes to see their business grow, but going around this may be challenging. There’s no need to grow your business quickly and then get to the point that it cannot sustain itself and ends up failing. Developing sound strategies is the only way to ensure your business grows consistently without much struggle….
It appears that J.C. Penny’s first quarter efforts to increase market share by competing on ‘everyday low prices’ fell a bit short. So it’s back to the drawing boards! This year, J.C. Penney is set to embrace technologies coolest gadgets in an attempt to recapture the coveted consumer dollar. However it seems this technological love…
How often does your company make decisions based on internal opinions? How often do you damn the torpedoes without sufficient evidence that the product and/or service you are launching or offering truly fits the needs of the customers? Let me share a Delta story with you. As a road warrior, I have had my share of…
On September 28th, The Wall Street Journal announced that the U.S. Postal Service (USPS) will again default on its obligation to fund future retirees’ health care costs. The $5.6 billion default marks the second failed payment to the U.S. Treasury in two months. The USPS May be on the Verge of Losing its Competitive Advantage While there’s no doubt the USPS…
