121 Limited: Moving at
the Speed of Internet Business
To help meet your need for keeping current while using your
time wisely to find nuggets of easily applied knowledge, we are
now coupling our NetBlazer articles with our succinct book
reviews. In this way, we will profile the Internet's most
innovative 'clickers and shakers' and demonstrate how they bring
to life the latest in business practice and research for the new
economy.
In this article we start with ways that you can build
customer loyalty. To explore this topic, we profile 121 Limited (http://www.121limited.com)
- a fast-moving and nimble company that helps business truly use
the latest technologies to build customer loyalty. The companion
article is the book review -
Loyalty.com: Stirring Your Clients' E-Motion - which
claims to help readers build loyalty by adopting a Customer
Relationship Management approach.
Net Blazer IV
When you meet John Lennie you instantly get the feeling that
his business, 121 Limited, is not your typical dotcom
- it's too fast and too savvy. While answering one of several
calls from clients on his cell telephone, he comments to me
"I've got a customer project that launches Monday - last
Monday". Without a doubt John instills this sense of speed,
urgency and humour that only comes to someone who instinctively
knows how to keep customers happy and loyal.
Bringing many years of experience in sales, he has
instilled a customer-centric orientation throughout
121 so that it can quickly respond to the changing needs
of it's key clients*. For example, anticipating
trends and in response to client demand, earlier this
year 121 developed a software platform that would enable
clients to easily implement and monitor call centres
for customer service and sales. The product would not
only provide clients with topnotch capacity but they
could also act as re-sellers of the software - allowing
John and 121 to provide support for the software applications.
After considerable field-testing, clients turned the
tables on John. They didn't want the software but they
did want the service. So, 121 quickly hired,
trained and re-directed its resources so that it could
provide client-specific Internet call centre services.
Now, companies, particularly small to medium sized businesses,
can have instant call-centre capacity on the Internet
to offer enhanced services to their clients as well
as generate new sales and conduct research.
Another example of 121's speed and customer-focus: While
designing an Internet marketing strategy for one client, 121
discovered that this highly profitable client was spending
considerable resources on banner advertisements. Like with so
many of the Internet features that businesses now take for
granted, banners can be effective but only if they're
targeted to the right audience, at the right time and in the
right context. In spite of the many reports that banner
advertisers offered, the client still wasn't sure of the true
dollar benefit they provided. They turned to John and 121 to
make some kind of sense of the numbers. Within a few days, John
and his team were able to develop and deliver an
easy-to-understand and results-oriented audit of the
effectiveness of the clients' banner ads.
Notes linking this NetBlazer to the companion book review -
*The first section of Loyalty.com speaks
about the importance and processes of deciding which clients
require special customer relationship management efforts.
These examples emphasize a key element of all companies
committed to building long-term relationships with their
clients. At the core of all 121 services, be they call centres,
strategies, or banner audits, is the devotion to understanding
the client and then communicating to them on their terms**.
Many companies are just beginning to recognize that developing
this knowledge and capacity requires integrating a 'human'
element into the over-automated nature of most Internet shopping
and e-commerce applications. Quickly out of the gate, 121 has
been able to inject humans efficiently into their clients' data
collection and communication process. The result: increased
profits for clients because as John declares "machines and
software don't build loyalty, only people do."
John's considerable success at building loyal clients so they
come to him with their problems is first and foremost a process
of building client trust, whether it is online or offline. 121
is a strong supporter and advocate of any processes that truly
ensure his client's continued success through careful protection
of their own customers' private information. John maintains that
respecting such privacy is essential in building trust***.
"This trust is the foundation for loyalty". As a result, he
advises that his online clients apply all the key elements that
build trust, including meaningful privacy policies, seal of
approval, (WebTrust is his
preferred seal) and reliable fulfillment systems. Finally, John
recognizes that online trust also requires unique web design and
administration skills. So, to help his clients go that extra
mile, John works with Halex,
a web solutions firm that creates layouts that are exceptionally
crafted, unique and user-friendly.
Just before John runs out to a client meeting, he shares some
of what he believes are key lessons for any firm to be
successful in the fast-moving economy:
- Whether you're starting or maintaining your business,
ensure positive cash flow as soon as possible.
- Only build your business capacity to meet actual rather
than projected customer demand
- Rather than emphasizing the glamour of marketing, spend
time and resources on developing thoughtful and time-specific
sales plans. This means speaking with customers frequently to
find out what they want and what they need.
- Develop a strong network of professionals who see you as
partners. These people become your sources for referrals,
mentoring and advocacy.
If you think you or your company currently are, or will soon
be NetBlazers,
contact us. We want to share your stories and insights.
Notes linking this NetBlazer to the companion book review -
**A prevailing theme in sections one and two of
Loyalty.com is the continued attention to communicating to
clients about what is important to them in terms to which they
can relate.
***The final section of Loyalty.com emphasizes
that privacy of personal information is a necessary condition to
building any kind of lasting and profitable relationship with
clients and customers. |