Bids and Pieces — October
Friday, August 29th, 2008I’ve read a couple of great books recently that I want to recommend to you:
Firstly, ‘Purple Cow’ by Seth Godin. This book is very much in harmony with what I teach in this newsletter. Seth uses the phrase ‘purple cow’ as a description of the little marketing tweaks that make a HUGE difference in many businesses. It’s the radical, unusual ideas that separate what you do from your competitors. It’s an easy read, and you’ll get some good ideas from it.

Secondly, ‘Good to Great’ by Jim Collins. This is a book that’s been out for awhile and I finally got around to reading it. I’m so glad I did. The research behind this book is phenomenal. A team analyzed the commonalities among the very best companies in the world, companies that have experienced growth far beyond the average in their industry, going from good to great. Among those featured were Wells Fargo, Walgreens, Pitney Bowes, and Circuit City.
The researchers were careful to avoid letting their own perceptions or viewpoints interfere with their findings, and as a result the discoveries were fascinating. For example, they found that the CEO’s of the most successful companies were universally low key, humble men and women who consistently gave more credit to their team than they took for themselves.
By contrast, two thirds of the comparison companies had leaders with huge personal egos that contributed to the demise or continued mediocrity of the company.

Another interesting find came about when analyzing employees of the most successful companies. The best employees are hired on the basis of their mild temperament, character, natural capabilities and willingness to change direction with the company, rather than specific knowledge, skills or experience.
Most companies hire based on the latter factors and when the company needs to change direction, they face a lot of resistance from employees who stubbornly focus on the previous direction.
‘Good to Great’ is a really absorbing insight into all the factors that make good companies great, and I highly recommend it to you.
Incidentally, I like to get my books from Amazon.com using their ‘Prime’ service. I like Amazon.com anyway, and their prices are usually very competitive. Prime is an add-on option. For an annual fee of $79, you can get virtually any in-stock Amazon warehoused item, delivered in 2 days, for free. And if you want the item overnight, the cost is just $1.99 - $3.99 depending on what you buy. Your entire household can share one prime account, too.

If you’re an avid book reader, or you buy a lot of items online, Amazon.com Prime is a must. I recouped the cost within a couple of months of using it. Usually there’s an offer for prime on the home page of Amazon.com, but if you can’t find it, just search for ‘prime’ in the help section.
Incidentally, prime is a good example of how to lock a customer into remaining loyal to you. As a result of this offer, I don’t buy books from any other source now. They’ve got ALL my business. Could you do something similar?




















