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| Matt Plughoff |
Target can tell you if you’re pregnant. They can tell you if your teenage daughter is pregnant. If she shops at Target. And she probably does. Amazon knows that I like to barbecue. They also know that I have a soft spot for diving watches. Zappos knows that I’m a fan of Filson luggage. And Costco. Costco knows it all. The short list includes:
1. What type of gas I put in my car
2. What type of car I drive
3. When I typically fuel up my car
4. My shoe size
5. My waist size
6. My shirt size
7. That I own a small business
8. My credit score
9. That I wear glasses and the prescription
10. That I take blood pressure medicine (awesome)
11. That my wife and I have recently travelled to Mexico
12. That my in-laws are elderly and require care giving
13. That I read fiction
14. That I prefer salmon to steak and pizza to hot dogs
15. That I have an interest in electronics
16. That my parents began shopping at Costco in the mid 80’s
17. Where I live
I’m sure there are many more things that Costco knows about me. Was it coincidence that a vacation edition of the Costco Connection showed up in my mail box when I was feeling particularly burnt out from a long travel season last spring? Probably not. Target knows that if I suddenly start buying certain types of lotion and certain types of vitamins that my wife is most likely pregnant. Target’s behavioral profiling software identifies 25 specific products that, when purchased either together or in parts, indicate that there’s a bambino on the way. The details of this behavioral profiling technology are well detailed in Forbes.
Orwellian or not it’s high time for small business owners to begin seriously holding themselves accountable for a new type of measurement: How much do you really know about your customers’ behaviors and buying patterns? If you omitted “lead source” and “ticket price” from your answer what would be left? Odds are not that much.
You may not know anything about your customers that has any lasting value to influencing repeat business or the likelihood of a referral. It’s time to start. Start thinking in behaviors rather than transactions. Start looking for cross-sell intersections. Start viewing the home as an integrated whole. Start considering the multi-faceted opportunities to create unforgettable value beyond the simple installation. Your customers found you. They bought something from you. That’s a start. Perhaps you call them to say “thanks for your business. ”Perhaps you visit them to check in on things. It’s not likely. Most people don’t. Most move on to the next cold lead and the next cold transaction and the next battle to the bottom of a price war — neglecting the active and vibrant and networked consumer network that is quietly dying on the vine somewhere in your data base…waiting for you to say “I haven’t forgotten about you.”
You don’t know that much about your customers…but it’s time to start. After all, small businesses are in a race for relationships.
