Last week, you read about a CEO transition at Best Buy. Regardless of why the CEO transition is happening, Best Buy has been struggling to find ways to combat mobile and Amazon.
Last week, you also read that Instagram was purchased by Facebook for just a billion dollars.
I was in a retail store last week. A manager and an employee were standing next to me. The manager was explaining that his company was being beaten silly by Amazon. He told the employee that there was a new plan to combat Amazon. The plan was to cross-sell services to the customer. The manager explained how the program would work, how the employee would explain to the customer that the company offered services, valuable services, services that Amazon could never hope to match. The employee would attempt to cross-sell services, even if the customer had not yet purchased an item!
The employee had that "how fast can I get a job at Jiffy Lube?" look. You could just see the dread on his face ... the dread of having to try to sell a service that the customer didn't ask for and probably doesn't want to purchase.
We're all placing bets these days, aren't we?
Take my former employer, Nordstrom.
- 2011 = Purchase of HauteLook.
- 2012 = Investment in Bonobos ... a "Jennifer" skewed business (click here).
Now, honestly, I couldn't care less whether you agree or disagree with the investments, that's irrelevant.
What is relevant is that folks are placing bets. People are betting as to what they think the future of commerce is.
Earlier, I told you about the discussion between a manager and employee at a retail brand ... the manager was explaining that his management team was betting that service would trump online price and convenience. Again, it is irrelevant whether you agree or disagree with the thesis, it's simply a bet.
This brings me to you.
What are you betting on?
Are you betting that Judy will continue to spend money well beyond retirement?
Are you betting that you can seamlessly pivot your business to Jennifer?
Are you betting that you can find a business model that relates to Jasmine?
Are you betting on free shipping as a way to compete with Amazon?
Are you betting on proprietary merchandise as a key differentiator?
Are you betting on selling the same merchandise readily available online, but with better customer service?
Are you betting on free shipping as a way to compete with Amazon?
Are you betting on proprietary merchandise as a key differentiator?
Are you betting on selling the same merchandise readily available online, but with better customer service?
This comment has been removed by a blog administrator.
ReplyDeleteGreat post! you have some brilliant contents!
ReplyDeleteWhat a great post, I actually found it very thought provoking, thanks
ReplyDeleteWhat a good blog you have here. Please update it more often. This topics is my interest. Thank you. . .
ReplyDeletehttp://www.sense2.com.au/
Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…
ReplyDeletehttp://www.sense2.com.au/
I love this blog! keep up good works...its to be nice if we can know each other, do you think so?
ReplyDeleteI am very glad to see such information which I was searching for a long time. shops to rent in Marbella
ReplyDeleteIf you had some way of rating posts I would for sure give you a high rating my friend! shops for rent in puerto banus
ReplyDeleteYour article was quite intriguing and the information quite useful. Will check your site often to see other great posts you make! Regards shops to rent puerto banus
ReplyDeleteMe and my friend were arguing about an issue similar to this! Now I know that I was right. lol! Thanks for the information you post. rental at Marbella
ReplyDeleteI really appreciate the kind of topics you post here. Thanks for sharing information that is actually helpful. Good day! Beach Villa for rent
ReplyDeleteNicely presented information in this post, I prefer to read this kind of stuff. The quality of content is fine and the conclusion is good. Thanks for the post. and promotional products
ReplyDeleteAs a Newbie, I am always searching online for articles that can help me. Thank you Beach House for rent in Marbella
ReplyDeleteI would just like to say to all my fellow Entrepreneurs…just remember that persistence is the key to success. Beach House for rent in Costa del sol
ReplyDeleteI think most people would do the same when they are headed with the situation. Beach Home rent in marbella
ReplyDeleteHey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also… promotional giveaways
ReplyDeleteYou live a charmed life and I am glad to know you via the blog! I swear I could hear that fountain as I looked on! promotional marketing product
ReplyDeleteYou got a really useful blog I have been here reading for about an hour. promotional product marketing
ReplyDeleteA fantastic read….very literate and informative. Many thanks shops to rent Marbella
ReplyDeleteThanks for posting, definitely going to subscribe! See you on my reader. promo giveaway
ReplyDeleteポストをニース。私は、バルブとアクチュエータに関する記事を探していました、あなたの投稿は本当に役立ちます。この投稿のおかげで多くの。 プロモーショングッズ
ReplyDeleteあなたが評価の投稿のいくつかの方法があったなら、私は確かにあなたに私の友人が高い評価を与えるだろう！投稿のおかげで、確かにサブスクライブするつもり！私の読者にお会いしましょう。 ノベルティグッズ 景品
ReplyDeleteThis is a good site to spent time on .I just stumbled upon your informative blog and wanted to say that I have really enjoyed reading your blog posts. I will be your frequent visitor, that’s for sure. プロモーションギフト
ReplyDeleteMe and my friend were arguing about an issue similar to this! Now I know that I was right. lol! Thanks for the information you post. promotional articles
ReplyDeletehi, I just wanted to say how much i enjoy reading your blog. in a world full of spin, it's nice to get some fact-based analysis. keep up the good work. corporate promotions
ReplyDeleteI found this informative and interesting blog I think it’s very useful and knowledgeable. Thanks. corporate merchandise
ReplyDeleteThanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information promotional goods
ReplyDeleteMe and my friend were arguing about an issue similar to this! Now I know that I was right. lol! Thanks for the information you post. sense2 custom promotional
ReplyDeleteI think most people would do the same when they are headed with the situation. Business Promotion Produkte
ReplyDeleteあなたが評価の投稿のいくつかの方法があったなら、私は確かにあなたに私の友人が高い評価を与えるだろう！投稿のおかげで、確かにサブスクライブするつもり！私の読者にお会いしましょう。 ノベルティギフト
ReplyDeleteUseful information shared...Aim very happy to read this article..thanks for giving us nice info. Fantastic walk-through. I appreciate this post. corporate products
ReplyDeleteThanks for posting, definitely going to subscribe! See you on my reader. Werbematerial Hersteller
ReplyDeleteHey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also… commercial for rent puerto banus
ReplyDelete私と私の友人はこれに類似した問題について議論しました！今私は私が正しかったことを知っています。 （笑）！あなたが投稿する情報をお寄せいただきありがとうございます。
ReplyDeleteプロモーションアイテム
I think most people would do the same when they are headed with the situation. commercial rental puerto banus
ReplyDeleteYou got a really useful blog I have been here reading for about an hour. commercial rentals puerto banus
ReplyDeleteI just couldn’t leave your website before saying that I really enjoyed the quality information you offer to your visitors... office space puerto banus
ReplyDeleteI just couldn’t leave your website before saying that I really enjoyed the quality information you offer to your visitors... offices for rent in Marbella
ReplyDeleteThere are certainly a lot of details like that to take into consideration. That’s a great point to bring up. Werbegeschenke für den Computer
ReplyDeleteI love seeing websites that understand the value of providing a quality resource for free.
ReplyDeleteindividuell bedruckt
I would like to thank you for sharing your thoughts and time into the stuff you post!! it promotional items sydney
ReplyDeletehi, I just wanted to say how much i enjoy reading your blog. in a world full of spin, it's nice to get some fact-based analysis. keep up the good work.
ReplyDeleteGeschäftsprodukte
This is nice blog. I read content on article. I like this. Thanks shops to let in Marbella
ReplyDeleteこんにちは
ReplyDeleteあなたのブログは非常にいいです。私は本当にこのブログのおかげでたくさんのことを学んだ ビジネスのためのノベルティ商品
If you had some way of rating posts I would for sure give you a high rating my friend! Marketingprodukte
ReplyDelete私は私が長い間探していたような情報を見ることがとても嬉しいです。
ReplyDeleteプロモーション商品の販売代理店
とても素敵なブログねえ！マン..美しい..驚くべき..私はあなたのブログをブックマークしてもフィードがかかります... プロモーショングッズ販売代理店
ReplyDeleteYou got a really useful blog I have been here reading for about an hour.
ReplyDeleteGeschäftsgeschenke
There are certainly a lot of details like that to take into consideration.Thanks offices to rent in Marbella
ReplyDeleteこれはあなたが提供しているとあなたが自由のためにそれを離れて与えるような偉大なリソースです。 プロモーションアイテム
ReplyDeleteWhat a great post, I actually found it very thought provoking, thanks. Werbegeschenk
ReplyDelete私はすべての私の仲間の起業家に言いたい...永続化が成功への鍵であることだけを覚えています。 プロモーション商品
ReplyDeleteThanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise.
ReplyDeleteGeschenke für Business
こんにちは！あなたが提供してきた偉大な情報をお寄せいただきありがとうございます！あなたが重要なポイントに触れた！ カスタムプリント
ReplyDelete私は自由のための質の高いリソースを提供する価値を理解してウェブサイトを見るのが好き。 マーケティンググッズ
ReplyDeleteあなたの記事は非常に興味深いし、情報は非常に有用。しばしばあなたが作る他の偉大な記事を見るためにあなたのサイトをチェックします！よろしく マーケティングアイテム
ReplyDeleteポストをニース。私は、バルブとアクチュエータに関する記事を探していました、あなたの投稿は本当に役立ちます。この投稿のおかげで多くの。 企業の景品
ReplyDeleteGood post man, just looking around some blogs, seems a pretty nice platform you are using. Beach front Villa rental in Marbella
ReplyDelete私たちは、自動車ガラスのディレクトリにあなたの記事を追加しました。このブログへのリンクがあるでしょう。それは、このような良い記事だったし、そんなに我々のディレクトリに関連していた。広告のための商品
ReplyDelete何かコメントがありましたらお聞かせください！ 広告のための景品
ReplyDeleteあなたのウェブサイトを離れることができなかった... ビジネス商品
ReplyDeleteVery nice post. I really enjoy the article. I come here from the Google while searching for some good article. Thanks
ReplyDeletePromotion Ideen
Me and my friend were arguing about an issue similar to this! Now I know that I was right. lol! Thanks for the information you post.
ReplyDeleteHouse for sale in Marbella
good post but including some photographs will allow it to be improved.Gifts To Pakistan
ReplyDeleteちょうどあなたの記事を読んで、そのようなクールなブログを維持するためにあなたに感謝したいと思います。
ReplyDeleteカスタマイズ製品
Vielen Dank für die gemeinsame Nutzung dieses sehr informative Beitrag
ReplyDeleteGreat post, das ist informativ und gut gemacht.
gifts for business
私は自由のための質の高いリソースを提供する価値を理解してウェブサイトを見るのが好き。 企業向け商品
ReplyDeleteHallo! Danke für den tollen Informationen, die Sie zur Verfügung gestellt haben! Sie haben in entscheidenden Punkten berührt! customized products
ReplyDelete