Ideas Blog

Google constantly reinvents the way things are done in business. Re-invention in all aspects of their business is a fundamental part of Google’s culture. It’s not just about online solutions and the cloud.

On the way to work I spotted a Google Maps Real Estate promo done with LJHooker. Essentially it highlights the ability to search and view houses for sale or rent using Google Maps. You can explore the area where you are looking to buy or rent with Google Street View. Even check out the neighbours houses next door to your prospective property before you even get in the car to have a look in person.

This is interesting for many reasons. It is a classic leap in customer experience we see often thanks to the web. Mashing up a relatively new tool, Google Maps with a time consuming problem of house hunting. Further monetizes Google’s investment in the Maps technology, which was developed in their Sydney, Australia office. The same team now building Google Wave.

What I also like about Google’s approach is the physical marketing device (pictured). It’s different to all the other marketing devices used in the building. The "placemark" symbol has become synonymous with Google. It was also a tangible and sculptural presence. Typically the advertising device of choice at this site is plasma screens, perspex covered billboards or freebies handed out to passers by. I noticed a lot of people stopped to check it out. I think it has a quality that can be very valuable in marketing. It’s "curious". Curious is good, curious is usually a consequence of innovative thinking.

Times is reporting that Amazon is going to open a bricks and mortar book shop.

I’ve long thought that if I were Google, Amazon or any company that has very powerful brand or product base you should have retail presence. Stores build brand, create a feeling of solidity for E-tailers and most importantly are an effective alternative to traditional media marketing spend.

This all comes back to customers buying and experience rather than just a product. Apple proved the theory and many will now follow the strategy.

In Alvin Toffler’s world of information overload, our businesses have a constant struggle with diminishing attention offered by customers. To tackle this the creation of a per customer communications profile can help. The metaphor is a pre-nuptial. It specifies how your relationship will exist between your business and your customers. How you create this communications profile can vary from a social unwritten contract like a retailer has with their customer or it might be more explicit like a form your customer fills in to specify when and what correspondence they want to receive from your business.

Every piece of communication you send to your customer demands their time. There is an equation that roughly says the more you demand then the less attention the customer will probably give your demands. If you annoy them too much, they stop listening and reading. So logically you can attribute a cost to each piece of communication. This attention economy is all about treating this attention like a commodity. Every single email, letter or phone call is an exchange of value. If you are selling something and not giving anything then you are spending a large piece of the attention dollar the customer affords you. If you give education then it is lower. If you solve a problem or save their time then you will probably be adding to the attention piggy bank you have with that customer. They will want more.

So you can design this relationship so both you get more attention and the customer gets more value. If you can monitor customer behavior and reaction so as to understand how they would like to relate to your business rather than how much, then you can grow the attention piggy bank. The customer will give you more time because you have created a bespoke or targeted approach to their communication needs, to solving their problems or giving them the actual information they want rather than fire the 12 gauge information shot gun at them. The catch is that this costs time or else money to automate it.

There are many approaches to move to a communications profile model and some very interesting business models are springing up to help businesses achieve this. Companies like Datarati are dealing with medium enterprise in this area using bleeding edge technologies like Marketo. It’s a data driven approach that at the end of the day will have a robustness above the implied or gut feel approach that most business owners currently rely on. Other simple things that can be done by small business are forms that asks customers what they want from your business when they become a customer. Many inexpensive email systems now have features built in to give you insight into customer behaviour so you can provide them with just what they want and when they want it without even asking them.

This is all about the customer deciding rather than the business. Put the customer first, then the business and sales will follow. Listen and watch their behaviour or ask them what they want rather then serve up an overload of communications and information.

All business will be done this way in the future so it really is just about how fast you get there.

Photo by See-ming Lee

One of the most important things we can do as a human species is take a step back or change our perspective when we look at a problem. In the movie Dead Poet’s Society, Robin William’s character, has his students stand on their desks in order to change their perspective.

This advert for the RWE found on Vimeo is another example of how the problems seem quite small but also the solutions are here and quite do-able when looked at from the giants perspective.

How could you change your perspective when looking at your business?

Ever wondered what your content profile looks like? Word clouds can help highlight keywords and other language patterns in your content. Wordle a nifty website lets you generate fun word clouds by simply cutting content from a document or website and pasting it into a window that then generates a word cloud.

I generated the following cloud from Saasu’s About page on our website to see what the content looked like. Visit the full size image on Wordle. Hat tip to the Stubborn Mule where I first read about this bit of fun.

Saasu.com/about Word cloud by Wordle

There is a short-sited view in business that over servicing customers is bad business. Service is a cost is often the cry from management. Some of the behaviours around optimising customer service even aimed at sending customers away to your competitors that fell below your cost of servicing hurdle. Other strategies included forcing people to self serve as much as possible to the point where humans only got involved if anger was imminent. Even the training of staff in customer service roles was about minimum necessary customer assistance in the hope that less customer service head count would be needed for businesses over all.

I have never believed in that philosophy. My late mother, Robyn Lehmann, taught me the lessons as a teenager about customer service. She ran a bakery/newsagency (interesting business model for another post) and I have a photo which I keep close to me of her in a business suit behind the counter serving customers. She raised the service bar beyond most people I have met in business and that bakery was a screaming success. She spent time with her customers and it was authentic time, not time to get sales. A genuine interest, the sales just followed accordingly. Her influence extends deep into the Saasu service ethic.

1. The net has had a huge leverage effect on the power of word of mouth

In the old world if you upset a customer they might tell a handful of people. This new world can result in them telling 100′s or 1000′s as they post their upset on a forum, blog or comment section of an online article. The reverse good word leverage also applies. Happy customers will tell the world through email, blogs, forums and the old fashioned way in person. In essence they have more leverage to spread the word than ever. Good and bad. They are your new age sales team.

2. Service is a Sales Channel

I have written about this before but in summary service allows you to have conversations. These conversations are an opportunity to learn about your customers experience in dealing with your business, it’s people and it’s products. Companies spend lots of money trying to find this information out through market research, surveys, focus groups and the like. You have the power to turn what is often thought of as a cost into a learning experience and a sales channel.

3. If business is about problem solving where do your find out what problems exist?

Customers will tell you their problems, they hold the keys to your business success. Just one little idea or problem can highlight a big business opportunity that can be used across your customer base. Your customers are smart and savvy. They operate under a commercial survival strategy. They see the world through a different set of glasses, from the other side of the counter. Their problems are often different to what you perceive them to be. Customer service is a channel into ideas and problems that you can solve for one customer which then could be leveraged and used for many.

4. Keeping it fresh

Continual contact keeps your business relationships alive. Much like calling a relative every now and then. People love to be loved. People are more likely to think of you and your products or services when you keep in contact at that next point of referral that comes along.

5. Just because you should

Life isn’t just about the money, it’s also about doing the right thing. Money is a bi-product of doing the right thing. Sometimes it isn’t, but mostly it is.

Let the frenzy of marketing lessons begin.

Sydney finally has her own Apple flagship store. It is enormous. Right on one of the city central intersections it looks like a lighthouse at night. You can’t miss it.

Sydney is the world’s best city by brand (2 years in a row on ABC), lifestyle (8 years out of 10 on CNN) and especially so now for geeks and business owners since it is also home to Saasu HQ.

The lessons here for marketing any business are fascinating. Focus. Quality. Clarity. Consistency.

Only days after 5,200 Apple geeks meet in San Fran for their WWDC (World Wide Developer Conference) when Steve Jobs announced the new iPhone 3G (watch video) will be 36% faster than the latest Nokia and half the price of iPhone today ($199 from $399), Jobs also confirmed that 98% of iPhone users use it for the web, as predicted in this blog ages ago the iPhone platform is a major structural change to the world of web access.

In case you didn’t already know Saasu works on the iPhone and the iTouch, it is the full web application, not a cut down one. So you can do everything on the iPhone that you can do on any desktop or laptop.

Jobs also announced that iPhone 3G will be in 22 countries on July 11 and a total of 70 by year end. We wouldn’t be surprised to see the current 6m iPhone users go up to circa 100m+ by end 2009 (another blog on why another time).

If you go to the Apple Sydney store opening it is 5pm tomorrow (less than 36 hours ago the construction boards were up, now there are loads of apple geniuses running around and customers sleeping outside in line so they are first in tomorrow. TV and other media are already circling. The saasu team will be there of course to answer questions and do the odd demo. While I was there recently the kind apple crew gave umbrellas to those waiting in impending rain outside – well done gang.

Saasu.com is the best value accounting SaaS on the Mac in the world, we love the Apple iPhone too.

So we are offering 3 months bonus FREE to anyone signing up to a paid saasu netaccounts subscription for this week only. Just type APPLEROCKSSYDNEY when you sign up.

Note to Apple environmentally aware staff, please lobby your light house marketing guys to use efficient bulbs (if you don’t already) or turn off those lights when you go home pretty please.

Oh, and a bit of gossip to finish, something else is happening at 5pm tomorrow too. BRW the esteemed business review weekly magazine is launching their special Web 100 edition. Saasu might get a mention…

Just a quick note to say thanks to all our blog readers!

The saasu blog is now in the top 0.32% of all blogs on the planet.

Our site is in the top 1.84% by traffic globally.

We have also popped into the first page on Google globally for some search terms.

In return, please accept our humble ‘video link gift’ below in addition to our earlier free CeBIT tickets.

Google strategy insights

It’s definitely worth watching this little gem. A unique bit of insight about how the gurus at Google are thinking on business strategy, product and customers. It came out some time ago but it’s still completely relevant for nearly all business owners today. It’s not just a tech thing.

It’s a video of Seth Godin speaking to a bunch of Google insiders on some strategic topics close to our heart. Seth is one of our favourite bloggers. We have written about his other important work previously.

Thanks again for your support. You are helping us build a truly global product that makes lives better. We can always do better though, so help us by giving feedback on what you want us to do.

Only one month to go! It is that time of year again, Cebit is coming to Sydney 35,000 wild business and technology people from around 60 countries in a frenzy of new and cool stuff in one place.

CeBIT is THE International Trade Show for Information Technology, Telecommunications, Software and Services. In other words, if you want to geek-out or get a real competitive advantage for your business you will love it.

Last year was good

Last year Saasu won the one and only highly prized ‘excellence in innovation platinum award’ for our flagship product NetAccounts. We were going to insert lots of other blatant boasting and superlatives here but thought that was probably more than you can take already.

This year will be even better

This year there will be something like 750 exhibitors from 20+ countries.

This year we will be speaking at the conference in the Transaction 2.0 section, chairing a session and of course exhibiting.

Best of all, as part of the Saasu tech community work we do, Saasu will be the sole green sponsor for the event, we are making the venue carbon neutral for the event for EVERY EXHIBITOR just so we can say we did our bit. Gold standard of course.

Special Bonus (or two)

As a special bonus you can register free as a friend of Saasu just quote code SAASUCA08 and you will get in free which is a fairly substantial saving off the normal door price of $40.

If you visit us at the show you will receive an extra month on your subscription for new and current customers! We will be asking all our visitors two questions – what do they like most about Saasu today and what would they like to see in our coming releases?

You will also be able to see our latest release demonstrated and talk to the experts about your needs, wants, desires and passions in the field of financial management success.

Finding Saasu at CeBIT

So do drop by stand S45, on the main aisle right next to our mates from salesforce.com (in case you have been living in a cave and hadn’t already heard, saasu integrates instantly with salesforce).

We are smack bang in the middle of the main business-software/e-finance/CRM section which takes up most of halls 4 and 5.

Want to know more?

We thought you might so here is a taste of what you will see, watch the videos or read some more
from the CeBIT marketers –

CeBIT Australia 2008 is the largest and most important business-to-business technology event in the region. Join 35,000 business professionals at CeBIT Australia this year to understand, analyse, sample and select the right technology solutions for your business’s future success.

Finding the right solutions has never been easier, CeBIT Australia is organised into 30 show floor categories – ranging from CRM, VoIP, e-Marketing & Search Engine Optimisation, Web Applications to Open Source – making it the number one stop for business professionals seeking the competitive advantage.

* 150 FREE show-floor Seminars
* International Keynote Speakers
* Business Networking
* Interactive Panel Sessions
* 6 High-Level Conferences
* 750+ Solution Providers
* 5000+ Technology Experts
* 30 Show Floor Categories

Visiting CeBIT Australia 2008 will teach you how to make your ICT investment work for you

* Get more out of your website
* Unleash the power 2.0
* Retain your top talent
* Discover online trading
* Slash your communications costs
* See next-gen CRM systems
* Learn about Green IT

And much, much more… most importantly you will arm yourself with knowledge that will give you the power to take your business to next level!

See you @ CeBIT Australia,
20 – 22 May 2008
Sydney Convention & Exhibition Centre,
Darling Harbour

Saasu is connecting to Professional and Social Networks (PSN) including; LinkedIn, Myspace, Facebook, Bebo and Orkut. The beauty of SaaS is it enables these types of advantages.

In the contact screen you will see new icons you can click to check out your contact in various social networks covering over 200 million people already.

I’ll concentrate on LinkedIn today since it is the most professional centric network. Professional and Social Networking really is a far too simplistic simplistic way of describing LinkedIn.

Here are some observations we’ve made in recent times. We would love comment on these points as we believe this has ramifications for product development in Saasu applications. A lot of them relate to the fact your research can be anonymous but connections are permissioned.

If you need to know more about permission, start with Seth Godin because he wrote about it early and well. Permission marketing is changing the world.

Keep track of people you know and like

The simple and best reason to use LinkedIn. You know where people are as they move from one job or city to another. It can be everything from an online business intelligence assistant to an international (or local) research tool to an online CV/resume or yet another contact database. Best of all is it doesn’t stop there, you see who knows who.

Research accelerates the ‘getting to know you’ process for new contacts

LinkedIn closes the knowledge gap you have about candidates, employees, prospects, partners, suppliers and customers. This enhances the legitimacy of the contact. It accelerates you along the getting to know you curve. It can help move you a bit further ahead at your first face to face meeting because you already know more things you have in common, locations, employers, clubs, education, sport and more.

Get personal by de-institutionalising contacts

For a long time companies have not wanted to share ownership of customer and prospect relationships with their employees. These relationships have been owned by the company. LinkedIn allows employees (especially professionals with an eye to having their own business eventually) to de-institutionalise their contacts, taking back some of the dollar value from their employees balance sheet back to their own. A two edged sword of course. Transparency is the biggest winner.

Stay fresh reduce your contact half life

Keeping loose contact fresh is quite difficult. When systematised in a social network the expectation of freshness of permission is enhanced. When you hear from someone through LinkedIn your little shoulder devil says “this person is ok, because you permissioned them”. That same communication via phone would sometimes have the shoulder devil saying “Who is this person? How did they get my number?”. Permissioning extends credibility of contact.

Degree’s of separation permissioning

Linked in creates a new type of commercial relationship legitimacy. Invited recipients will tend to accept being network beneficiaries themselves. The established connection has value, an unrealised dollar value. It costs us anywhere from $0.10 to $100 to get a permissioned contact in most businesses so connections in social tools are real permissioned assets. Let’s be honest about this, it’s just good business. Participants in the LinkedIn community can monetise their connections via sales and marketing activities. This is the conversion of unrealised value into realised value because a certain percentage of those interactions result in sale and thus revenue. You are converting your virtual inventory of permissioned contacts into your revenue line. The beauty being that virtual inventory can be resold to, it doesn’t require a cost of goods sold entry to re-acquire another permissioned contact. Don’t think of it just as product sales. It could be a better career, some venture capital, a new partner, and of course selling your product.

Channel Degradation – BACN

If you plan to use LinkedIn for sales bear in mind that there is a direct relationship between frequency and value of the permissioned contact set you have. Your behaviour could become known as a commercial version of spam called BACN. Equally, as more participants use the medium for sales and marketing activities the value of the connections will diminish. You only have to look at the C2C social networks to see how this can happen. Permissioned spammers (BACN) looking for love from your wallet wears thin real quick.

New ways of looking at non-so-new information

Check out the company profile pages on any major company on LinkedIn. You can see who is who and any changes. Recently LinkedIn moved to formalise companies and organisations in their network for the benefit of data rigour, their members and themselves. It was a good move, it cleans up the problem where many users add they workplace to their profile resulting in 100′s of version of that work place where picking it from a list would be better. In short companies and organisations are now centrally managed. A great benefit of this is that the tracking of organisations over their lifecycle will be very accurate versus some of the rubbish you get from old style directory providers Yellowpages and Whitepages.