Jim Blasingame

Business futurist, award-winning author, speaker and columnist

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The Age of the Customer

Mastering The Sales Discipline To Shut Up

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Contrary to what you’ve heard, selling is the oldest profession, because “In the beginning” the serpent sold the apple to Eve. Everybody knows that. You might say she bought wholesale and then sold the apple retail to Adam. And as we now know, that was one expensive transaction.

A key characteristic that separates humans from the other animals identified in Genesis is ego. And while ego can be a beneficial motivator in selling professionally, in order to do that successfully, we must do something that’s in direct conflict with our ego — we have to let someone else talk more than us.

So, when you’re on a sales call – face-to-face with a prospect – what do you do? Do you unload the dump truck of stuff about products, pricing, etc. that your company installed in your head? If that’s your answer, your professional selling career is doomed. [Continue Reading]

The Golden Triplets Of Small Business Success

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For most of the 20th century, Americans enjoyed what I call The Golden Age of Customer Service. Sadly, based on recent research, it appears we’re in the Plastic Age.

In a national customer satisfaction index, the average customer rating was less than 60%. Going six for 10 is pretty good – if you’re playing baseball. But any small business with that batting average is headed for the shower.

So how has such a level of unservice become a 21st-century norm? Because customers have become sensitized to what I call the Plastic Triplets: High volume/low price, impersonal e-business, and almost as impersonal face-to-face service.

For small businesses, the Plastic Triplets create both opportunity and danger. But seizing the former and avoiding the latter requires an understanding of two things: [Continue Reading]

Banks, Banking, And Brigadoon

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As you know, the U.S. banking system has been challenged this year. Three large “regional” banks collapsed, and not a few experts have opined that there will be more banking-sector bloodshed going forward.

As you may remember, in our online poll last week (see below) we asked about concerns for your bank and the U.S. banking system with this question: “In light of the 2023 bank failures, have you been concerned about your own bank?” [Continue Reading]

In The Age Of The Customer, Relevance Trumps Competitiveness

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For 10,000 years, customers refined their search for products and services down to a couple of semi-finalist sellers based almost entirely on the classic competitive value proposition: price, product, availability, service, etc. I’ve termed this period the Age of the Seller.

That was a nice trip down memory lane, wasn’t it?

The new prime differentiator today is no longer the competitive model, but rather a customer’s appraisal of how relevant a seller is to them, often before they even know if a seller is competitive. So, does this mean that sellers no longer have to be competitive?

Not at all – no one will pay you more for less. But consider three new marketplace truths: [Continue Reading]

Cloud Computing Is Awesome – But Not Always

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In aviation, being “in the clouds” is a universal flight condition referring to a pilot’s inability to see the ground.

It’s also a common lament of parents about the troubling coordinates of a teenager’s head, which might seem to be “in the clouds.”

In the 21st century, “in the cloud” is a reference that has established itself in the marketplace vernacular as the interaction and delivery point between providers of “cloud-based” digital applications and customers.

Cloud computing is the availability of incremental processing power that resides on an application provider’s servers, instead of your hard drive. For example, community-building technology, like social media platforms. When you post something on Facebook, you’re in the cloud. When you conduct online banking, sell a stock, or hail an Uber from your smartphone, you’re doing that in the cloud. If you use Google’s G Suite of office products, or Microsoft Office 365, all are cloud-based. And, of course, hooking up on Zoom, et al, are all meetings “in the cloud.”

No question, cloud computing is another example of technology increasing business efficiencies and leverage. And for small businesses, it’s been a godsend, because [Continue Reading]

Networking For Referrals: It Makes Business Easier And Life Simpler

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The act and practice of networking – for business or any other endeavor – is one of the great intangibles in life. Networking can help you get into a college, a new job, a business prospect – you get the picture. But none of this happens until you actually meet people.

In the marketplace, the business reason for networking is to get referrals. Ivan Misner is the Founder of Business Network International (BNI), the world’s guru of networking, and the author of a wheelbarrow-full of books on the subject. He thinks people who don’t get enough referrals just don’t know how to ask for them. I agree. Ivan has an excellent suggestion to help with this, and it revolves around the person called the “center-of-influence,” or COI for short. The COI is the connection between you and the person you want/need to meet, and whom you likely met while networking.

Ivan says, “Don’t make your COI do all your work for you. Help them out by asking this question, ‘Who do you know who…?’ and then finish the sentence with a description that fits what you need: your business, industry, product, service, etc.” Here’s an example: John, let me ask you a question, who do you know who buys advertising? …truck tires? …owns apartments?

Here’s a concept I call, “Blasingame’s Entrée Spectrum.”[Continue Reading]

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