Saturate Customers with Information

Posted by: eric on Tuesday, 12th Feb, 2008

Home Depot’s vast assortment of building supplies shows that it, too, knows that customers savor choice. But an even more important reason for its lasting success is that it knows how to capitalize on a customer’s wish to perform a task him- or herself. Home Depot employs our second strategy to attract the searchers, showering them with advice and insight.

This paradise for those who subscribe to do-it-yourself turns modestly competent amateurs into confident renovators and barely competent fumblers into people capable of remodeling their kitchens. Home Depot’s employees don’t do the job for you. Instead, they make accessible the information, products, and people you need to complete it for yourself. You feel capable of improving your own skills, which is exactly the feeling that searchers are seeking. ..more

Stay Ahead of the Curve

Posted by: eric on Tuesday, 12th Feb, 2008

Companies that have attained the status of market leaders are not content to rest on their laurels or on their existing products, nor should they be. They accept the unending responsibility of exploring uncharted terrain to imagine and design new products with original features and unique benefits. Market leaders are always thinking about the future, working to anticipate not-yet-recognized needs.

They also know that customers—especially searchers—are not necessarily looking for what they are selling. Often people want something that doesn’t yet exist, or they have a problem to which there is not yet a solution. Historically, market leaders made sure that their pipelines were filled with a steady stream of new technology, distinctive designs, and original gadgets. Today, a full pipeline is not enough. To satisfy searchers, market leaders must try to answer questions that have not yet been asked. ..more

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