And what better timing—the day before the so-called Cyber-Monday?
Bezos attended the now defunct Annual Catalog Conference,
which, in full disclosure was an event launched by my former magazine—Catalog
Age (now Multichannel Merchant) and the Direct Marketing
Association. There he may have learned
some of the lessons that catalogers and other direct marketers had been driving
home for years: 1) The value of a customer, 2) The importance of tracking customer
transaction behavior, among other data, and 3) The fact that Shipping &
Handling is the major stumbling block in sight unseen transactions
(like over the web or from a catalog).
The surest way to overcome S&H is to make it a
non-objection. Free shipping is one way,
but, if it is not done well, it breaks the bank. Amazon has Amazon Prime--$79, but you never
have to worry about it for the rest of the year. And if I don’t like that pink cashmere
sweater I bought, returns are easy.
Delayed gratification due to slow delivery. Now, Amazon is
picking away at that problem—same day, within a half an hour? He’s telling us, it’s all within reach and
Amazon is bushwhacking the way.
Ries & Trout called positioning the battle for consumers’
minds. Kudos Bezos, you now own fast
delivery in the mind of the American customer.
http://www.youtube.com/watch?v=6in-MZeeeGk
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