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Marketing

Lost Puzzle Piece a Business Lesson

My favorite part of my ProCO360 podcast interview with Jeff Eldridge of Liberty Puzzles was the conversation about how they replace puzzle pieces lost by a customer for free (great stories about the cause of missing pieces by the way!).  He said they have two full-time team members whose job it is to do that – free to the customer.

Can you find the missing piece?

I quickly did the math and asked Jeff, “Wouldn’t it be cheaper and easier to simply send those people a brand-new puzzle?

To Jeff, that’s not the point.

The point is customer engagement.  Jeff said that customers are sad when they call for a replacement piece. They spent hours with friends and family during which they collaborated, found pieces for each other, and had relationship enhancing conversations… then they were left with an ungratifying hole in the puzzle rather than a fulfilling sense of collective completion.

Liberty Puzzles fixes that sadness.  Often the lost puzzle piece can be attributed to a dog.  Liberty Puzzle offers to put a photo of the dog on the “wall of shame” and reports that back to the customer.  There are now hundreds of dogs on the wall!

So, while my idea may have been cheaper and easier, every puzzle piece lost by a customer is an opportunity for Liberty Puzzle to build a friendship.

Dave’s No-Blog Excuse

I’m taking a Masterclass on Personal Branding with Mark Schaefer.  Faced with two deadlines and only time to meet one, I’ve decided to do the class homework, rather than blog.  

Brand is Still About Customer Success

Peloton’s New Fitness Challenge

In my perception, Peloton has built one of the most admired high-end consumer brands ever.  Its users have been described as a “cult.” I’m a proud and concerned member.

Wall Street demands growth and to please investors, public company Peloton has been talking as much about how it can return to growth and profitability as it does about its customers.  Peloton got tripped up during Covid –Peloton struggled to meet surging demand and keep market share, investing a fortune in ramping up capacity and logistics.  It seems obvious now (and maybe should have then), that demand would ease when life as we knew it returned.

It’s the choice about the BRAND of Peloton that, as a member, concerns me.  Peloton leadership is weakening my connection with the brand by talking about money over the mission.  I know, I know: I’m naïve – but I want to keep loving Peloton.  I want its leaders to tell Wall Street: “We made some expensive mistakes as we tried to serve everyone who needed us.  Ultimately, we’re here for our members – to the extent members use and rely on our products to improve their lives, Peloton will be successful.  That’s what we’re focused on.”  Customer success before investors.

#Peloton

Can Colorado’s Brand have a CAUSE?

This is a big question.  

It came to me after my interview with Johnny Le Coq, founder and CEO of Fishpond.  Patagonia is a products company that supports the environment.  Athleta is a products company that supports the advancement of women.  Both companies are examples of authentic and effective support for a cause that aligns with customers.  Fishpond seems to go further – Fishpond seems to be coming very close to using sales of its products as a mechanism to support river conservation.   

 Image courtesy of the Fishpond website 

Johnny: “Our brand has become a voice for the environment… It’s not what we sell that I’m most proud of – it’s what we stand for.”  He means it. 

 That made me think about Colorado.  Can Colorado have a CAUSE that ultimately becomes interwoven with our brand?  That’s tough, but I think Colorado’s entrepreneurial community DOES – it STANDS FOR supporting opportunity for those who strive, collaborate, innovate, and mutually appreciate the rich lives that people wish to have in our great state.  

COVID-Coping Products Taken Too Far

This ad for a personal sauna just cracked me up.   

I know, COVID has required us to stay home and a lot of us are investing in homebased self-care products.  I bought a Peloton bike.  It’s awesome, but I could have purchased TEN personal saunas and given them to friends and family.  I don’t have a real point here.  Sometimes I just have to shake my head at what is marketed to us and wonder, “Who buys that???”   

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