The Permanent Venture

 

The Customer is Always Right? Not Anymore!

There are several retailers deciding that the customer is not always right, and as a matter of fact they are very, very wrong --- as in unprofitable. Let's take Best Buy for instance... they are discriminating between the profitable customer and shoppers they lose money on.

You know the customers we mean -- they buy only during big sales, or tie up a salesman with lengthy questions but don't but at all. And how about the ones who file for a rebate, then return the item?

Brad Anderson, Best Buy's Chief Executive stated in a recent interview, "Those customers, they're smart, and they're costing us money". They have since tightened their rebate policies but declined to say how.

Larry Seldon, a consultant who works for Best Buy, co-wrote "Angel Customers & Demon Customers." In his book he states that while businesses cannot hire a bouncer to stand guard and identify the value destroyer, they are not powerless.

More companies are eventually, reluctantly, and very politely, asking the customer to go elsewhere. That's a large step to take.

Seldon believes that there are those customers that are just evil customers, fundamentally they are out to cheat us. He added, "It's not a large number, but they can have a material impact on a business". Filene's banned two sisters from all 21 of its stores last year after the clothing chain's corporate parent decided they had returned too many items and complained too often about service.

How does all this relate to our online marketing? Well consider the sales you have made and after paying, the customer is forwarded to a downloadable file. They print the file and within the 30-day guarantee, claim dissatisfaction and request a refund.

Still, we are nothing without our customers, so love them, understand and value them. And the few determined to cheat you out of a sale, pray that some truth lies in karma.

 © 2005 Esther Smith


About the Author:  Smith has published numerous articles and writes a blog for all artists: http://the-self-taught-artist.com/blog.html She also coaches new students on how to leave the time-for-money trap and set up Leveraged Income for life.  http://thepermanentventure.com/dcc.htm   If you can’t sing or ride a bull, you better learn how to make your money work for more money.

The Permanent Venture
This Page Last Modified on February 26, 2007 23:08