Purple Goldfish - 12 Ways to Win Customers and Influence Word of Mouth

Stan Phelps
Stan PhelpsKeynote Speaker and Workshop Facilitator at StanPhelpsSpeaks.com
12 WAYS TO WIN CUSTOMERS &
INFLUENCE WORD OF MOUTH


by Stan Phelps, PurpleGoldfish.com

Business has changed more in
the last 10 years than it has in
the previous 100. Power has
shifted. The customer has a
bigger voice.
THE 
CHALLENGE
Truth #1!
According to a study Gartner, 89% of
companies expect to compete mostly on the
basis of customer experience!




Source: Gartner!


!
!

 … in 2011 it was 36%
Truth #2!
Retention is fast
becoming the new
acquisition.!
!

LEAKY 
BUCKET
It costs upwards of 10x the money to
acquire a new customer than is does to
upsell a current one!
!
!
You need to take
c a r e o f t h e
c u s t o m e r s y o u
have… so they’ll
b r i n g y o u t h e
c u s t o m e r s y o u
want.!
Why?!
Truth #3!
Because all
customers !
are not !
created equal!
A referred customer is upwards of 4x
as valuable to a business!
!
They spend up to 2x over their lifetime compared to
regular customer!
!
A referred customer is upwards of 4x
as valuable to a business!
!
They spend up to 2x over their lifetime compared to
regular customer!
!
They refer up to 2x of their friends over their lifetime
compared to a regular customer!
Truth #4!
!
There is no such thing as just meeting the
expectations of a customer!
Meeting expectations is a myth. It’s like
being on time. No one is ever on time.
You’re either early or late.!
!
No one ever just meets the expectations
of a customer, you either… !
exceed expectations or you fall short !
We are living in an age 
of equivalency. There’s little
difference between products and
services. Customer experience is the
new battlefield.
Two Paths
Diverge
My Journey
Moment of Truth
Purple Goldfish - 12 Ways to Win Customers and Influence Word of Mouth
Why Purple?
!
Purple Goldfish - 12 Ways to Win Customers and Influence Word of Mouth
Lagniappe
!
!
!
!
!
!
!
Meaning - The additional gift
or to give more
Now why a Goldfish?
The Goldfish represents something small, but it was directly
inspired Kimpton Hotels. A chain of boutique hotels, Kimpton
embodies the doing the little something extra. Stay at any of the
Kimpton properties and you’ll find:

•  free gourmet coffee and fresh fruit in the lobby
•  complimentary wine tasting in the afternoon
•  pet-friendly accommodations

My favorite perk is something a select number of the properties do
for guests. Perhaps you are staying at a Kimpton for a few days,
and you are getting lonely…
GIVE A LITTLE UNEXPECTED EXTRA
Guppy Love
Kimpton will give you a pet goldfish for your stay.
They call it “Guppy Love.”
Average Goldfish = 3 to 4 inches
A goldfish also represents
something small. But all
goldfish are not created equal.
The average is three to four
inches (8-10 cm) in length. 

The world’s largest is …
Nearly 20 inches or 50cm 
That’s nearly six times larger! How can there
be such a huge difference? It turns out the
growth of a goldfish is determined by five
factors. The growth of your business is
affected by these same five things.
1
WHAT’S THE SIZE OF THE BOWL IN BUSINESS?
= _____
1. The size of the bowl or pond will determine how big a
goldfish with grow. The bigger the pond or bowl, the
more a goldfish can grow
1
SIZE OF THE BOWL
 = MARKET
1
2
2. The number of other goldfish in the bowl will also impact
the growth. The more goldfish, the more difficult it is to grow.
THE OTHER IN GOLDFISH IN BUSINESS = ________
1
2
NUMBER OF OTHER GOLDFISH
 = COMPETITION
NUTRIENTS / CLARITY OF THE WATER IN BUSINESS
= _______
3. The nutrients in the water and clarity of the water
will also determine how large the goldfish will grow.
NUTRIENTS / CLARITY OF THE WATER
 = ECONOMY
4
24. The first 120 days of a goldfish life will be a factor on
its growth. The better the start, the bigger it can get.
= _______FIRST 120 DAYS OF LIFE IN BUSINESS
4
2FIRST 120 DAYS OF LIFE
= START-UP OR NEW PRODUCT
2
5. The genetic makeup of a goldfish will also determine
how big it will grow. The more it stand outs, the better.
= _______WHAT’S GENETIC MAKE-UP IN BUSINESS
2
ITS GENETIC MAKE-UP
 = DIFFERENTIATION
Five Factors
#1. MARKET
#2. COMPETITION
#3. ECONOMY
#4. FIRST 120 DAYS
#5. DIFFERENTIATION
Assuming you’ve already been in business for four
months, what’s the only thing you have control over?
Five Factors
#1. MARKET
#2. COMPETITION
#3. ECONOMY
#4. FIRST 120 DAYS
#5. DIFFERENTIATION
The only thing you can
have control over
is how you differentiate
yourself.
The little things you do to
stand out in a sea of sameness?
1. Throw-ins (value)!
It took 27 months to collect all 1,001+ examples
After sorting through all
1,001+ examples, it became
clear there are 12 types of
Purple Goldfish:
The entire idea of a Purple
Goldfish is explained through
the acronym of G.L.U.E.
Purple Goldfish Strategy
is about differentiation
via added value.
Giving little unexpected
extras that drive loyalty
and word of mouth.
The entire idea of a
P u r p l e G o l d fi s h i s
explained through the
acronym of G.L.U.E.
G stands for Give
How are you creating a strong first impression?
Check in at any Doubletree Hotel around the world
and you’ll receive a _________________at reception.
G = Give
#29
A warm chocolate chip cookie. It’s a signature extra
by the hotel. Since the mid 1980’s, Doubletree has
given away over 300 million chocolate chip cookies.
FIRST IMPRESSION
Give
L stands for Little
It doesn’t have to be something huge.
Izzy’s is an ice cream shop in St. Paul,
Minnesota. When you buy a scoop of ice
cream at Izzy’s, you get to _____________
Give
L = Little
#582
Pick another flavor for free.
This little miniscoop on top is called the Izzy.
TM
SAMPLING
If you can surprise a customer by doing
something unexpected, you will trigger an
emotional response and become talkable.
If you have a crack in your windshield,
Safelite will come to your home or office to
repair the crack.
Give
Little
U stands for Unexpected
Chapter 20Give
Little
U = Unexpected
#706
The technician places this interesting looking device onto
your windshield. The device drills into the crack and places
an epoxy resin inside. It takes 10 minutes for the epoxy to
harden.
ADDED SERVICE
Chapter 20Give
Little
U = Unexpected
During this time the technician goes back to their
vehicle and retrieves glass cleaner and a vacuum.
They then proceed to clean the interior of your
car and all of your glass. When you come out to
inspect the work, not only does your cracked
windshield look brand new, but your car looks
like it just rolled off the showroom floor. Totally
unexpected and totally memorable.
Give
Little
Unexpected
E stands for Extras
Do the little extra. Go beyond just equal to give a little
more. This is extremely important when you make a
mistake in business. Nurse Next Door is a home health
care provider. When they make a mistake, Nurse Next
Door sends a handwritten note of apology with
_________________
#438
Give
Little
Unexpected
E = Extras
A freshly baked apple pie.
It is literally a humble pie.
Each year they spend up to
$2,000 with a local vendor.
They know that investment
helps save the company
$100,000+ a year in lost sales.
HANDLING
MISTAKES
One Last 
Story of G.L.U.E. 
According to Disney
historian Les Perkins in
1957,Walt decided to hold
a Christmas parade at
Disneyland. It was going to
cost $350,000.
#537
Walt’s accountants sat him down and
besieged him to not spend money on the
parade. Nobody would complain, they
reasoned, if they dispensed with the parade
because nobody would be expecting it.
“That’s just the point,” Walt said.
“We should do the parade precisely
because no one’s expecting it. Our
goal at Disneyland is to always give
the people more than they expect. As
long as we keep surprising them,
they’ll keep coming back. But if they
ever stop coming, it’ll cost us ten
times that much to get them to come
back.”
Walt’s mantra was simple…
Always Exceed
Expectations
Walt even had a word for the concept of
doing the little things to exceed
expectations. He called it “plussing.”
He would drive the imagineers and the
cast members crazy, always asking them
how they could do the little extra to plus
the guest experience.
READY TO THINK 
OUTSIDE THE BOWL?
WHAT’S YOUR
CHOCOLATE CHIP
COOKIE?
- Walt Disney
“The way to get started
is to quit talking
and begin doing”
WHAT’S YOUR
PARADE?
FIVE POPULAR KEYNOTES/WORKSHOPS
AUTHOR, FORBES CONTRIBUTOR, 
TEDx SPEAKER, AND IBM FUTURIST
INSPIRATIONAL, INFORMATIVE, & ENTERTAINING
LET’S WORK TOGETHER
+1.919.360.4702
stan@purplegoldfish.com
LITTLE THINGS CAN MAKE
THE BIGGEST DIFFERENCE
1 of 61

Recommended

Traditional Marketing is Dead... Long Live the Customer by
Traditional Marketing is Dead... Long Live the CustomerTraditional Marketing is Dead... Long Live the Customer
Traditional Marketing is Dead... Long Live the CustomerStan Phelps
34K views51 slides
Purple Goldfish Hall of Famers by
Purple Goldfish Hall of FamersPurple Goldfish Hall of Famers
Purple Goldfish Hall of FamersStan Phelps
72.2K views79 slides
Black Goldfish Introduction by
Black Goldfish IntroductionBlack Goldfish Introduction
Black Goldfish IntroductionStan Phelps
165 views12 slides
What I learned by examining 5,000 business case studies? by
What I learned by examining 5,000 business case studies?What I learned by examining 5,000 business case studies?
What I learned by examining 5,000 business case studies?Stan Phelps
133 views29 slides
The Great Resignation - The Top 10 Reason Employees Are Quitting by
The Great Resignation - The Top 10 Reason Employees Are QuittingThe Great Resignation - The Top 10 Reason Employees Are Quitting
The Great Resignation - The Top 10 Reason Employees Are QuittingStan Phelps
2.4K views15 slides
Pink Goldfish Summer 2021 Tour by
Pink Goldfish Summer 2021 TourPink Goldfish Summer 2021 Tour
Pink Goldfish Summer 2021 TourStan Phelps
147 views4 slides

More Related Content

More from Stan Phelps

The Winning Cover for P!NK GOLDFISH 2.0 is ... by
The Winning Cover for P!NK GOLDFISH 2.0 is ...The Winning Cover for P!NK GOLDFISH 2.0 is ...
The Winning Cover for P!NK GOLDFISH 2.0 is ...Stan Phelps
117 views23 slides
Pink Goldfish 2.0 Foreword by Jay Baer by
Pink Goldfish 2.0 Foreword by Jay BaerPink Goldfish 2.0 Foreword by Jay Baer
Pink Goldfish 2.0 Foreword by Jay BaerStan Phelps
165 views21 slides
Employee Engagement Matters - Green Goldfish 2.0 Top 11 Takeaways by
Employee Engagement Matters - Green Goldfish 2.0 Top 11 TakeawaysEmployee Engagement Matters - Green Goldfish 2.0 Top 11 Takeaways
Employee Engagement Matters - Green Goldfish 2.0 Top 11 TakeawaysStan Phelps
172 views13 slides
Rethinking Marketing - Purple Goldfish 2.0 Top 11 Takeaways by
Rethinking Marketing - Purple Goldfish 2.0 Top 11 TakeawaysRethinking Marketing - Purple Goldfish 2.0 Top 11 Takeaways
Rethinking Marketing - Purple Goldfish 2.0 Top 11 TakeawaysStan Phelps
155 views14 slides
Pink Goldfish Strengths and Weaknesses Assessment by
Pink Goldfish Strengths and Weaknesses AssessmentPink Goldfish Strengths and Weaknesses Assessment
Pink Goldfish Strengths and Weaknesses AssessmentStan Phelps
171 views13 slides
Stan Phelps, CSP In-Person and Virtual Keynote and Workshop Programs by
Stan Phelps, CSP In-Person and Virtual Keynote and Workshop ProgramsStan Phelps, CSP In-Person and Virtual Keynote and Workshop Programs
Stan Phelps, CSP In-Person and Virtual Keynote and Workshop ProgramsStan Phelps
338 views1 slide

More from Stan Phelps(20)

The Winning Cover for P!NK GOLDFISH 2.0 is ... by Stan Phelps
The Winning Cover for P!NK GOLDFISH 2.0 is ...The Winning Cover for P!NK GOLDFISH 2.0 is ...
The Winning Cover for P!NK GOLDFISH 2.0 is ...
Stan Phelps117 views
Pink Goldfish 2.0 Foreword by Jay Baer by Stan Phelps
Pink Goldfish 2.0 Foreword by Jay BaerPink Goldfish 2.0 Foreword by Jay Baer
Pink Goldfish 2.0 Foreword by Jay Baer
Stan Phelps165 views
Employee Engagement Matters - Green Goldfish 2.0 Top 11 Takeaways by Stan Phelps
Employee Engagement Matters - Green Goldfish 2.0 Top 11 TakeawaysEmployee Engagement Matters - Green Goldfish 2.0 Top 11 Takeaways
Employee Engagement Matters - Green Goldfish 2.0 Top 11 Takeaways
Stan Phelps172 views
Rethinking Marketing - Purple Goldfish 2.0 Top 11 Takeaways by Stan Phelps
Rethinking Marketing - Purple Goldfish 2.0 Top 11 TakeawaysRethinking Marketing - Purple Goldfish 2.0 Top 11 Takeaways
Rethinking Marketing - Purple Goldfish 2.0 Top 11 Takeaways
Stan Phelps155 views
Pink Goldfish Strengths and Weaknesses Assessment by Stan Phelps
Pink Goldfish Strengths and Weaknesses AssessmentPink Goldfish Strengths and Weaknesses Assessment
Pink Goldfish Strengths and Weaknesses Assessment
Stan Phelps171 views
Stan Phelps, CSP In-Person and Virtual Keynote and Workshop Programs by Stan Phelps
Stan Phelps, CSP In-Person and Virtual Keynote and Workshop ProgramsStan Phelps, CSP In-Person and Virtual Keynote and Workshop Programs
Stan Phelps, CSP In-Person and Virtual Keynote and Workshop Programs
Stan Phelps338 views
Diamond Goldfish Book Preview Slideshare by Stan Phelps
Diamond Goldfish Book Preview SlideshareDiamond Goldfish Book Preview Slideshare
Diamond Goldfish Book Preview Slideshare
Stan Phelps453 views
Diamond Goldfish MiniBük - Excel Under Pressure and Thrive in the Game of Bus... by Stan Phelps
Diamond Goldfish MiniBük - Excel Under Pressure and Thrive in the Game of Bus...Diamond Goldfish MiniBük - Excel Under Pressure and Thrive in the Game of Bus...
Diamond Goldfish MiniBük - Excel Under Pressure and Thrive in the Game of Bus...
Stan Phelps370 views
Purple Goldfish - Little Things Make The Biggest Difference Minibuk by Stan Phelps
Purple Goldfish - Little Things Make The Biggest Difference Minibuk  Purple Goldfish - Little Things Make The Biggest Difference Minibuk
Purple Goldfish - Little Things Make The Biggest Difference Minibuk
Stan Phelps630 views
Less Cow, More Cowbell in Business: The Pink Goldfish Book Executive Summary by Stan Phelps
Less Cow, More Cowbell in Business: The Pink Goldfish Book Executive SummaryLess Cow, More Cowbell in Business: The Pink Goldfish Book Executive Summary
Less Cow, More Cowbell in Business: The Pink Goldfish Book Executive Summary
Stan Phelps2.5K views
eSpeakers Top 10 Tips by Stan Phelps
eSpeakers Top 10 TipseSpeakers Top 10 Tips
eSpeakers Top 10 Tips
Stan Phelps348 views
Stan Phelps - Six Keynote Descriptions by Stan Phelps
Stan Phelps  - Six Keynote DescriptionsStan Phelps  - Six Keynote Descriptions
Stan Phelps - Six Keynote Descriptions
Stan Phelps713 views
How to Write a Book in Four Easy Steps by Stan Phelps
How to Write a Book in Four Easy StepsHow to Write a Book in Four Easy Steps
How to Write a Book in Four Easy Steps
Stan Phelps2.5K views
Nine Omnichannel Customer Experience Takeaways by Stan Phelps
Nine Omnichannel Customer Experience TakeawaysNine Omnichannel Customer Experience Takeaways
Nine Omnichannel Customer Experience Takeaways
Stan Phelps509 views
Stan Phelps eSpeaker Reviews 2019 by Stan Phelps
Stan Phelps eSpeaker Reviews 2019Stan Phelps eSpeaker Reviews 2019
Stan Phelps eSpeaker Reviews 2019
Stan Phelps531 views
The Ultimate Job Search Tool by Stan Phelps
The Ultimate Job Search Tool The Ultimate Job Search Tool
The Ultimate Job Search Tool
Stan Phelps6.4K views
High Five Conference 2017 Top 25 Takeaways by Stan Phelps
High Five Conference 2017 Top 25 Takeaways High Five Conference 2017 Top 25 Takeaways
High Five Conference 2017 Top 25 Takeaways
Stan Phelps2.1K views
Red Goldfish - Motivating Sales and Loyalty Through Shared Passion and Purpose by Stan Phelps
Red Goldfish - Motivating Sales and Loyalty Through Shared Passion and PurposeRed Goldfish - Motivating Sales and Loyalty Through Shared Passion and Purpose
Red Goldfish - Motivating Sales and Loyalty Through Shared Passion and Purpose
Stan Phelps15.4K views
How Did We Get Here - A Brief History of Technology, Data, and Analytics by Stan Phelps
How Did We Get Here - A Brief History of Technology, Data, and Analytics How Did We Get Here - A Brief History of Technology, Data, and Analytics
How Did We Get Here - A Brief History of Technology, Data, and Analytics
Stan Phelps2.5K views
Golden Goldfish - Taking Care of Your Most Important Customer and Employees by Stan Phelps
Golden Goldfish - Taking Care of Your Most Important Customer and EmployeesGolden Goldfish - Taking Care of Your Most Important Customer and Employees
Golden Goldfish - Taking Care of Your Most Important Customer and Employees
Stan Phelps1.5K views

Recently uploaded

Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck by
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckPitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckHajeJanKamps
163 views18 slides
Episode 258 Snippets: Rob Gevertz of First Five Yards by
Episode 258 Snippets: Rob Gevertz of First Five YardsEpisode 258 Snippets: Rob Gevertz of First Five Yards
Episode 258 Snippets: Rob Gevertz of First Five YardsNeil Horowitz
47 views58 slides
ANTHROPOIDS WHITE PAPER.pdf by
ANTHROPOIDS WHITE PAPER.pdfANTHROPOIDS WHITE PAPER.pdf
ANTHROPOIDS WHITE PAPER.pdfAnthropoids Nfts
39 views12 slides
Top 10 IT Tasks Small Businesses Can Entrust to Offshore Professionals by
Top 10 IT Tasks Small Businesses Can Entrust to Offshore ProfessionalsTop 10 IT Tasks Small Businesses Can Entrust to Offshore Professionals
Top 10 IT Tasks Small Businesses Can Entrust to Offshore Professionalsaltafhsayyednimetler
12 views14 slides
India's Leading Cyber Security Companies to Watch.pdf by
India's Leading Cyber Security Companies to Watch.pdfIndia's Leading Cyber Security Companies to Watch.pdf
India's Leading Cyber Security Companies to Watch.pdfinsightssuccess2
8 views40 slides
Presentation on proposed acquisition of leading European asset manager Aermon... by
Presentation on proposed acquisition of leading European asset manager Aermon...Presentation on proposed acquisition of leading European asset manager Aermon...
Presentation on proposed acquisition of leading European asset manager Aermon...KeppelCorporation
122 views11 slides

Recently uploaded(20)

Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck by HajeJanKamps
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckPitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
HajeJanKamps163 views
Episode 258 Snippets: Rob Gevertz of First Five Yards by Neil Horowitz
Episode 258 Snippets: Rob Gevertz of First Five YardsEpisode 258 Snippets: Rob Gevertz of First Five Yards
Episode 258 Snippets: Rob Gevertz of First Five Yards
Neil Horowitz47 views
Top 10 IT Tasks Small Businesses Can Entrust to Offshore Professionals by altafhsayyednimetler
Top 10 IT Tasks Small Businesses Can Entrust to Offshore ProfessionalsTop 10 IT Tasks Small Businesses Can Entrust to Offshore Professionals
Top 10 IT Tasks Small Businesses Can Entrust to Offshore Professionals
India's Leading Cyber Security Companies to Watch.pdf by insightssuccess2
India's Leading Cyber Security Companies to Watch.pdfIndia's Leading Cyber Security Companies to Watch.pdf
India's Leading Cyber Security Companies to Watch.pdf
Presentation on proposed acquisition of leading European asset manager Aermon... by KeppelCorporation
Presentation on proposed acquisition of leading European asset manager Aermon...Presentation on proposed acquisition of leading European asset manager Aermon...
Presentation on proposed acquisition of leading European asset manager Aermon...
KeppelCorporation122 views
Top 10 Web Development Companies in California by TopCSSGallery
Top 10 Web Development Companies in CaliforniaTop 10 Web Development Companies in California
Top 10 Web Development Companies in California
TopCSSGallery35 views
SUGAR cosmetics ppt by shafrinn5
SUGAR cosmetics pptSUGAR cosmetics ppt
SUGAR cosmetics ppt
shafrinn536 views
voice logger software aegis.pdf by Nirmal Sharma
voice logger software aegis.pdfvoice logger software aegis.pdf
voice logger software aegis.pdf
Nirmal Sharma23 views
INT Value Proposition Partner- Indirect Channel-E.pptx by LoadingSystems
INT Value Proposition Partner- Indirect Channel-E.pptxINT Value Proposition Partner- Indirect Channel-E.pptx
INT Value Proposition Partner- Indirect Channel-E.pptx
LoadingSystems9 views
AIR FRESHENER SUPPLIERS IN MUSCAT OMAN by Hygienelinks2
AIR FRESHENER SUPPLIERS IN MUSCAT OMANAIR FRESHENER SUPPLIERS IN MUSCAT OMAN
AIR FRESHENER SUPPLIERS IN MUSCAT OMAN
Hygienelinks28 views
ERC-BEIS Longitudinal Small Business Survey Dissemination Event Slides by enterpriseresearchcentre
ERC-BEIS Longitudinal Small Business Survey Dissemination Event  Slides ERC-BEIS Longitudinal Small Business Survey Dissemination Event  Slides
ERC-BEIS Longitudinal Small Business Survey Dissemination Event Slides
PMU Launch - Guaranteed Slides by pmulaunch
PMU Launch - Guaranteed SlidesPMU Launch - Guaranteed Slides
PMU Launch - Guaranteed Slides
pmulaunch14 views
Unleashing Precision with Cutting-Edge Machine Tools | Ridiculous Machine Tools by Ridiculous Machine Tools
Unleashing Precision with Cutting-Edge Machine Tools | Ridiculous Machine ToolsUnleashing Precision with Cutting-Edge Machine Tools | Ridiculous Machine Tools
Unleashing Precision with Cutting-Edge Machine Tools | Ridiculous Machine Tools
2023 Photo Contest.pptx by culhama
2023 Photo Contest.pptx2023 Photo Contest.pptx
2023 Photo Contest.pptx
culhama25 views
Imports Next Level.pdf by Bloomerang
Imports Next Level.pdfImports Next Level.pdf
Imports Next Level.pdf
Bloomerang72 views

Purple Goldfish - 12 Ways to Win Customers and Influence Word of Mouth

  • 1. 12 WAYS TO WIN CUSTOMERS & INFLUENCE WORD OF MOUTH
 by Stan Phelps, PurpleGoldfish.com

  • 2. Business has changed more in the last 10 years than it has in the previous 100. Power has shifted. The customer has a bigger voice. THE CHALLENGE
  • 3. Truth #1! According to a study Gartner, 89% of companies expect to compete mostly on the basis of customer experience! 
 
 Source: Gartner! 

  • 4. ! ! … in 2011 it was 36%
  • 5. Truth #2! Retention is fast becoming the new acquisition.! ! LEAKY BUCKET
  • 6. It costs upwards of 10x the money to acquire a new customer than is does to upsell a current one! ! !
  • 7. You need to take c a r e o f t h e c u s t o m e r s y o u have… so they’ll b r i n g y o u t h e c u s t o m e r s y o u want.! Why?!
  • 8. Truth #3! Because all customers ! are not ! created equal!
  • 9. A referred customer is upwards of 4x as valuable to a business! ! They spend up to 2x over their lifetime compared to regular customer! !
  • 10. A referred customer is upwards of 4x as valuable to a business! ! They spend up to 2x over their lifetime compared to regular customer! ! They refer up to 2x of their friends over their lifetime compared to a regular customer!
  • 11. Truth #4! ! There is no such thing as just meeting the expectations of a customer!
  • 12. Meeting expectations is a myth. It’s like being on time. No one is ever on time. You’re either early or late.! ! No one ever just meets the expectations of a customer, you either… ! exceed expectations or you fall short !
  • 13. We are living in an age of equivalency. There’s little difference between products and services. Customer experience is the new battlefield.
  • 19. !
  • 21. Lagniappe ! ! ! ! ! ! ! Meaning - The additional gift or to give more
  • 22. Now why a Goldfish?
  • 23. The Goldfish represents something small, but it was directly inspired Kimpton Hotels. A chain of boutique hotels, Kimpton embodies the doing the little something extra. Stay at any of the Kimpton properties and you’ll find: •  free gourmet coffee and fresh fruit in the lobby •  complimentary wine tasting in the afternoon •  pet-friendly accommodations My favorite perk is something a select number of the properties do for guests. Perhaps you are staying at a Kimpton for a few days, and you are getting lonely…
  • 24. GIVE A LITTLE UNEXPECTED EXTRA Guppy Love Kimpton will give you a pet goldfish for your stay. They call it “Guppy Love.”
  • 25. Average Goldfish = 3 to 4 inches A goldfish also represents something small. But all goldfish are not created equal. The average is three to four inches (8-10 cm) in length. The world’s largest is …
  • 26. Nearly 20 inches or 50cm That’s nearly six times larger! How can there be such a huge difference? It turns out the growth of a goldfish is determined by five factors. The growth of your business is affected by these same five things.
  • 27. 1 WHAT’S THE SIZE OF THE BOWL IN BUSINESS? = _____ 1. The size of the bowl or pond will determine how big a goldfish with grow. The bigger the pond or bowl, the more a goldfish can grow
  • 28. 1 SIZE OF THE BOWL = MARKET
  • 29. 1 2 2. The number of other goldfish in the bowl will also impact the growth. The more goldfish, the more difficult it is to grow. THE OTHER IN GOLDFISH IN BUSINESS = ________
  • 30. 1 2 NUMBER OF OTHER GOLDFISH = COMPETITION
  • 31. NUTRIENTS / CLARITY OF THE WATER IN BUSINESS = _______ 3. The nutrients in the water and clarity of the water will also determine how large the goldfish will grow.
  • 32. NUTRIENTS / CLARITY OF THE WATER = ECONOMY
  • 33. 4 24. The first 120 days of a goldfish life will be a factor on its growth. The better the start, the bigger it can get. = _______FIRST 120 DAYS OF LIFE IN BUSINESS
  • 34. 4 2FIRST 120 DAYS OF LIFE = START-UP OR NEW PRODUCT
  • 35. 2 5. The genetic makeup of a goldfish will also determine how big it will grow. The more it stand outs, the better. = _______WHAT’S GENETIC MAKE-UP IN BUSINESS
  • 36. 2 ITS GENETIC MAKE-UP = DIFFERENTIATION
  • 37. Five Factors #1. MARKET #2. COMPETITION #3. ECONOMY #4. FIRST 120 DAYS #5. DIFFERENTIATION Assuming you’ve already been in business for four months, what’s the only thing you have control over?
  • 38. Five Factors #1. MARKET #2. COMPETITION #3. ECONOMY #4. FIRST 120 DAYS #5. DIFFERENTIATION The only thing you can have control over is how you differentiate yourself. The little things you do to stand out in a sea of sameness?
  • 39. 1. Throw-ins (value)! It took 27 months to collect all 1,001+ examples
  • 40. After sorting through all 1,001+ examples, it became clear there are 12 types of Purple Goldfish: The entire idea of a Purple Goldfish is explained through the acronym of G.L.U.E.
  • 41. Purple Goldfish Strategy is about differentiation via added value. Giving little unexpected extras that drive loyalty and word of mouth. The entire idea of a P u r p l e G o l d fi s h i s explained through the acronym of G.L.U.E.
  • 42. G stands for Give How are you creating a strong first impression? Check in at any Doubletree Hotel around the world and you’ll receive a _________________at reception.
  • 43. G = Give #29 A warm chocolate chip cookie. It’s a signature extra by the hotel. Since the mid 1980’s, Doubletree has given away over 300 million chocolate chip cookies. FIRST IMPRESSION
  • 44. Give L stands for Little It doesn’t have to be something huge. Izzy’s is an ice cream shop in St. Paul, Minnesota. When you buy a scoop of ice cream at Izzy’s, you get to _____________
  • 45. Give L = Little #582 Pick another flavor for free. This little miniscoop on top is called the Izzy. TM SAMPLING
  • 46. If you can surprise a customer by doing something unexpected, you will trigger an emotional response and become talkable. If you have a crack in your windshield, Safelite will come to your home or office to repair the crack. Give Little U stands for Unexpected
  • 47. Chapter 20Give Little U = Unexpected #706 The technician places this interesting looking device onto your windshield. The device drills into the crack and places an epoxy resin inside. It takes 10 minutes for the epoxy to harden. ADDED SERVICE
  • 48. Chapter 20Give Little U = Unexpected During this time the technician goes back to their vehicle and retrieves glass cleaner and a vacuum. They then proceed to clean the interior of your car and all of your glass. When you come out to inspect the work, not only does your cracked windshield look brand new, but your car looks like it just rolled off the showroom floor. Totally unexpected and totally memorable.
  • 49. Give Little Unexpected E stands for Extras Do the little extra. Go beyond just equal to give a little more. This is extremely important when you make a mistake in business. Nurse Next Door is a home health care provider. When they make a mistake, Nurse Next Door sends a handwritten note of apology with _________________
  • 50. #438 Give Little Unexpected E = Extras A freshly baked apple pie. It is literally a humble pie. Each year they spend up to $2,000 with a local vendor. They know that investment helps save the company $100,000+ a year in lost sales. HANDLING MISTAKES
  • 51. One Last Story of G.L.U.E. According to Disney historian Les Perkins in 1957,Walt decided to hold a Christmas parade at Disneyland. It was going to cost $350,000. #537
  • 52. Walt’s accountants sat him down and besieged him to not spend money on the parade. Nobody would complain, they reasoned, if they dispensed with the parade because nobody would be expecting it.
  • 53. “That’s just the point,” Walt said. “We should do the parade precisely because no one’s expecting it. Our goal at Disneyland is to always give the people more than they expect. As long as we keep surprising them, they’ll keep coming back. But if they ever stop coming, it’ll cost us ten times that much to get them to come back.” Walt’s mantra was simple…
  • 54. Always Exceed Expectations Walt even had a word for the concept of doing the little things to exceed expectations. He called it “plussing.” He would drive the imagineers and the cast members crazy, always asking them how they could do the little extra to plus the guest experience.
  • 55. READY TO THINK OUTSIDE THE BOWL?
  • 57. - Walt Disney “The way to get started is to quit talking and begin doing” WHAT’S YOUR PARADE?
  • 59. AUTHOR, FORBES CONTRIBUTOR, TEDx SPEAKER, AND IBM FUTURIST

Editor's Notes

  1. \n
  2. \n
  3. \n
  4. \n
  5. \n
  6. \n
  7. \n
  8. \n
  9. \n
  10. \n
  11. \n
  12. \n
  13. \n
  14. \n
  15. \n
  16. \n
  17. \n
  18. \n
  19. \n
  20. \n
  21. \n
  22. \n
  23. \n
  24. \n
  25. \n
  26. \n
  27. \n
  28. \n
  29. \n
  30. \n
  31. \n
  32. \n
  33. \n
  34. \n
  35. \n
  36. \n
  37. \n
  38. \n
  39. \n
  40. \n
  41. \n
  42. \n
  43. \n