Nice Companies Finish First
In the 80s, in the days of Michael Milken and Gordon Gekko, the rule on the street was “eat your young.” Nice guys finish last, hold your information, keep the rules to yourself, and win at all costs -- no matter who you have to trample.
Today, with the advent of mobile technology and 24-hour-connectivity, those days are long gone. And those who have yet to realize that are on their way to being eliminated. If your company isn’t “nice” from the top down, not only will your profits suffer, but you will actually spend more money on marketing than you have to.
We live in the “Sharing era.” People share for two reasons -- to share happiness with a slight sense of smugness, or to share disappointment, with the logic that someone isn’t truly miserable about their situation until they’ve made everyone around them miserable as well. (Listen to the cell phone conversations the next time your flight lands three hours late.)
We share more now than ever before simply because we can. Every phone is a broadband ticket to immediacy, with the ability to upload statuses, photos, and videos to the world in real-time.
So -- do you want to improve your marketing and drop your costs? Teach your employees to treat their customers one level above crap.
Let’s face it -- In addition to being a society of sharers, we’re also a society that expects to be treated like crap. You expect the fast food place to screw up your order, you expect your exit-row window seat to be replaced by a middle seat in the last row of the plane. We expect to be treated like crap, because it’s what customer service has generally become.
But being nice can change all of that. When the rest of the world treats their customers like crap, treating yours one level above can make all the difference. And it doesn’t even have to be above and beyond (although that’s nice, too) but just one level above.
The key to being nice is focusing on the customers you have, and letting them get you the new customers you want. Think about it -- If one level above crap results in someone telling their friends how impressed they were, that impression will translate into new customers -- “Well, Peter stayed there and really enjoyed it, I’ll go there, too.” This is TRUE marketing -- and even more importantly, it’s BELIEVABLE marketing. It comes from a place of trust. This is worth more than any media buy, or any PR firm hit you could ever hope to get.
This works in any industry, whether B2B or B2C. Face it -- in B2B, companies don’t buy. Someone at that company does. That’s the person to whom you want to be nice.
And even more importantly, it’s not about sucking up -- it’s about treating customers with a level of respect they don’t expect. It’s about training your employees from top down as to why this is important, and most importantly, it’s about giving your front-line employees the ability to do this. It's about explaining to them that you’re empowering them to make the company better -- to do little things that go a long way. Whether it’s topping off an order with a little something extra at no charge, or upgrading a room to a bigger one because it’s available, know this -- the ROI you will get from these will almost ALWAYS be higher than the margins on the profit you’d make by not doing it.
The call to the enlightened CEO is this: The old “kill your young” way of doing business is over. Without joining this new movement of “nice,” your business will simply fade away. More than ever, consumers have the ability to choose with whom they want to do business. And with those choices being made more and more from the recommendations of those within our personal network, the chances of maintaining the old school “they’ll get it the way we like it” mentality and still keeping your customers is growing slimmer by the day.
The new age of being nice starts with your CEO, and goes down the chain to the front-line employees. The last two years of research for my book have proved it -- nice companies really DO finish first.