When was the last time you were deciding on a new restaurant, cafe or pub and didn’t turn to the Internet (whether at your desk or on your phone) to get directions, a review or even see who else might be there? Since I’m pretty nerdy the answer for me is that it would be completely out of character not to do a little online reconnasence work about the place before I suggest it to a group of friends. While I am on the far end of the spectrum that spectrum has definitely tipped to the point where I believe the majority of us now look up a place online before making a decision to go there.

Therefore, I am often surprised when I talk with small business owners and specifically owners of restaurants, coffee shops, bars etc how few of them are really aware that they have an amazing opportunity to promote their business by simply making it easy for customers to write positive (the negative reviewers seem to figure it out for themselves cuz their pissed) reviews or encourage a “check-in” on Foursquare, Yelp or Gowalla. Of course most of these businesses are already to be found on Yelp (and other review sites) but too few business owners have taken the time to beef up the user generated content (that makes up their listing) with their own images, descriptions and announcements. Even less of them seem to realize that there is a real bottom line business benefit to using these sites as a marketing channel and growing their brand by making it easy for the customers that love them to say something nice in an online review. Continue Reading…

There is no doubt that people love loyalty programs and retailers love the fact that you come back time and time again spending hundreds to earn a free item or small value perk. However when was the last time you actually wanted to take the time to dig through your wallet for your loyalty card? How many of those little tags can one person actually carry on their keys? Basically the loyalty program was getting stale. Sure there were iPhone apps that stored your card and let you present it virtually but that doesn’t do much to advance these loyalty programs in a way that made them work for the new ‘connected’ and ‘social’ customer. So I was impressed earlier this month when Mashable reported on a story where Tasti D-Lite (a frozen yogurt chain) announced that they were rolling out a new program (called TastiRewards if you care) that incentivised customers that linked both Twitter and Foursquare to the store’s loyalty program. It’s an incredibly simple concept when you think about it and the idea of loyalty combined with location services and social networking has a ton of potential if Foursquare (or others) help build out the business and make it simple for retailers to get on board. It’s this last point about integrating and showing value (versus simply signing them up to get numbers) to retailers that I think Foursquare will need to concentrate its efforts in order to make loyalty programs a decent size revenue stream. Continue Reading…

So you’ve got a business idea or maybe even for the most advanced in my readership, a business plan. You’ve heard a lot about your elevator pitch and the many ways in which to raise money. So the next step in your plan is to get mainstream buy in for your idea. Yet how do you do this if your idea is complex and new? You need to break down your idea into bite size and intellectually digestible pieces. The person you are pitching to must intrinsically get your business the moment after you pitch it or the pitch flat out was not worth it. So how to explain a tough concept? Continue Reading…

I have to admit that I quite enjoyed my own open letter to Starbucks, so I thought I’d bring back the format in this my open letter to Motorola.

Dear Motorola,

I don’t work for you and to be honest I haven’t owned one of your products for a while, but I know enough to know that you are undoubtedly the leader in bluetooth headsets for mobile phones.  I say this not to flatter you but to remind you that your market dominance is always at stake and that you can and should use your power in the market to continue to dominate. To that end, I’m here with a little suggestion for you and it goes something like this.

With all the states, provinces and other jurisdictions enacting laws that prohibit the use of cellular phones without a handsfree option there are going to be a mass amount of people who need to get in the market for your products quickly. Now of course you could take the traditional approach and offer some deep discounts right around the same time these various pieces of legislation pass, and I suggest you do. But here is where I think you can use your deep pockets to both make yourself look good and garner new customers. Continue Reading…

Short post cuz the video pretty much says it all and I can’t take any credit here.

If you want to read the original post and get your hands on many of the sources as well as the stats go here. If you want to see a presentation (different authors) with very similar statistics on slideshare go here.

Grab some popcorn cuz its a few minutes but its good. Continue Reading…