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15 DECEMBER 2008
Welcome Back to The Cheshire Group Newsletter


This is the 22nd issue of The Better Mousetrap. Can you believe it? Many of you have joined our mailing list after the first issue. So we have archived all the 21 previous issues on our web site. It is easy to review all of them. Just click here for the list or go to the Cheshire Group web site and click on the link that says The Better Mousetrap E-Mail Newsletters.Morsels From The Better Mousetrap

    We hope that you are continuing to enjoy The Better Mousetrap Online Newsletter. Many of the articles in this newsletter come from our book, Morsels from THE BETTER MOUSETRAP. Just click here to order your copy. Or visit our web site at www.cheshiregroup.com so that you can learn more about The Cheshire Group and see samples of our work.
   


IT'S A LOUSY IDEA. I HATE IT.
The Human Tendency to Reject.

Rare is the person—at least the sane person—who can hear a new idea and embrace it on the first bounce with full, unreserved passion. Most of us take to new ideas with all the enthusiasmI've got a great idea! of a cat being forced into a swimming pool on a November day. Denial, tentative toe-dipping and stubborn resistance are typical reactions.
    People who sell, market and create new products, services, concepts and ideas are well advised to develop an appreciation and understanding of mental immunity—the human tendency to reject, and then very slowly accept, the new. We've categorized the process into helpful steps.

THE INTRODUCTION
    Or, the "It's a lousy idea and I hate it" phase. When you do encounter this reaction to something you are trying to introduce, retreat gracefully. Don't argue at this point.
 
THE RE-INTRODUCTION
    Also called the "Haven't I heard that somewhere?" phase. Your new idea is still being repelled but not with the force and swiftness of its first rejection. Familiarity is beginning to do its work. Human nature isn't threatened by the familiar. What do you do in phase #2? Provide a little more information, just enough to move the familiarization process along. Proceed as you would feed a fire; just slowly poke a few twigs of information in until they catch fire and begin to burn.

HERE WE GO AGAIN 
    The "Oh, yeah, I know all about that" period.  Move in now with all the bomb bays open. Give it everything you've got.

BEGIN BUILDING BRAND LOYALTY
    You'll know the task is compete when you hear: "Wow, that was a great idea. I think it's terrific!"

 

HARVARD, HOT DOGS, GENERALS AND EXPECTATIONS.
Expect to Succeed.

A fellow we are going to call 'Charlie' came to this country with the equivalent of an eighth grade education, the shirt on his back and the determination to do better for himself and the family he would ultimately have.
    Charlie got a job sweeping up the stadium at Fenway Park. Then he got a job selling hot dogs at one of the concession stands. Saved every penny he could and eventually bought his own hot dog stand. The first stand led to others and pretty soon, Charlie is operating a chain of hot dog stands. Operating them at a good profit. By this time Charlie has a wife, a couple of kids and a house out in Winchester.
    The hot dog business is good to Charlie and he's grateful. He's thrilled when he can send his son to college, and when the kid says that he wants to get his MBA from Harvard—well, Charlie is so proud he can hardly speak of it.
    Imagine! Hot dogs sending a kid to Harvard! Charlie's kid—a Harvard MBA!
    The kid graduates and Charlie asks him, "So. Danny. How do you see business? What's going to happen?"
    Danny has to say that it doesn't look good. Statistics indicate a recession is coming. He advises the old man to cut back on inventory.
    Charlie is a little surprised but—hey—the kid went to Harvard, right? So Charlie cuts back and he doesn't sell as many hot dogs. He has to admire the kid though. He sure was right.
    "Told you," says the kid. Then he mentions the GNP and interest rates and Charlie cuts back even more. Sells even fewer hot dogs. Pretty soon he's cutting back on hot dog carts and laying off his help. In a short time later, there's Charlie freezing on a street corner down in the Fenway grubbing out a measly living with a few hot dogs, one jar of mustard and some tired sauerkraut.
    Good thing he had a kid with an MBA to clue him in on the economic forecasts.
    Well, Charlie expected a recession and he got it. There's no surprise. We usually get what we expect. We create the very conditions that scare us most.
    When World War II ended. and actual military general, Robert Wood, was heading Sears, Roebuck & Co. while and industrial 'general' Sewell Avery, was in charge at Montgomery Ward. The nation was coming out of a weird economic time—rationing, shortages—and each of the 'generals' took a different view of the situation.
    Wood, and old army quartermaster and amateur demographer calculated that the post war demand for goods and services would be hugh. He believed people would be avid for nylons, tires and white shirts. Wood smelled a boom the way a bird dog smells a chicken roasting. So he stoked the fires of Sears, spent $300 million to open new stores in the suburbs, and sold hardware, white goods and clothing as fast as he could stock them.
    Avery played a conservative hand based on his experiences from the First World War. Even as orders poured in, he feared a post war recession. He built up cash reserves as a hedge, cut back on stock and created the very situation he feared while Sears outsold him by $2.8 billion worth of goods.
    You attract what you want—or what you fear—so you might as well cast a vote for optimism instead of pessimism in your business planning. Expect to succeed. And you will.

 

HAVE YOU STOPPED BEATING YOUR WIFE?

We've all been asked Well. Have You?embarrassing questions. Or questions that are impossible to answer without admitting to an untruth. No matter how you answer the question, "Have you stopped beating your wife?" you are in an untenable situation. So what do you say to the client, friend or spouse who asks the impossible to answer question?
    Well, you answer with your own question. Here are two suggestions:
    1. Why do you ask?
    or
    2. And your point is?

    Trust me, it stops them cold.


WHY CUSTOMERS LEAVE-Part II.
Courtesy of Target Marketing Magazine.

Relationship buyers stop buying when you stop loving them and stop treating them as they want and expect to be treated. Well, how do you hang on to them?

Know Who They Are.     Keep track of them in a database. Make sure your employees know who the special customers are and make sure that they are especially looked after.
Communicate With Them.    Find special ways to keep in touch. let them know that they are special. And thank them for their business.
Use Your Best Customer Service People With Them.    
Build equity in the Process.    Provide rewards for volume business and for length of service. Make it expensive to leave.
Don't Stress Price.    If a neighbor helps you carry furniture upstairs in your house you wouldn't offer him money. You may supply beer and/or pizza and conversation. This is what your relationship buyers want. To be treated like a good neighbor.

It's a Lousy Idea.

Harvard, Hot Dogs, Generals and Expectations.
Have You Stopped Beating Your Wife?
Why Customers Leave-Part II.

 

 

 

 

 

"The human mind is an organ designed to create antibodies against new ideas."

Christiane Northrup

 

 

"If you want to succeed, be as ready to fall in love with someone else's ideas as well as your own."

Judith Rich

 


"The way we see the problem is the problem."

Stephen Covey

 

 

 
 

 

 

 

 

 

 

 

"Build a better mousetrap and the world will beat a path to your door."

Ralph Waldo Emerson

You can build it but they don't have to come. Let your market know the product is there.

Advertise!
Promote!
Communicate!

THE BETTER MOUSETRAP helps you do it. To do it even better call The Cheshire Group at 978 664-3040 or visit us at:
www.cheshiregroup.com

Please send us an email and let us know your thoughts on The Better Mousetrap.
Your comments and questions are welcome.