Showing posts with label competition. Show all posts
Showing posts with label competition. Show all posts

Friday, 14 February 2014

At your Service - by Richard Handscombe

Rumour has it that the recession is over and recovery has begun!  This may be so, but in the events market it’s still a fact that there is an over-abundance of suppliers and therefore a massive choice – a buyer’s market.

When retail shopping, we tend not to compare products with products – we compare experiences, and this in the end guides where we shop.  As venues, it’s hard to resist “bigging up” our décor and audio-visual facilities as “state-of-the-art”, but in reality, buyers now simply expect top quality facilities in any venue.

The two main deciders in the conference market have historically been location and price, and the former is often a combination of geographical, micro- and macro-location.  At first glance, if a potential customer states that the destination they want is for instance Liverpool, and we are in Leeds, the location seems hard to counter in a sales context.  And also, in this over-supplied market, price can be tough to beat.  This is where differentiation can play a major part, and there are two key differentiators – innovation and service. The experience.

To work to advantage, innovation needs to be creative and constant, because, given the speed of modern communications and mass connectivity, competitor copying can occur instantly.  Overnight change is a reality we have to live with.

Excellent service gives us the edge, and if we get it right, can overcome both location and price challenges.  I have even experienced examples myself, where good service has even overcome product quality issues!  I gave one particular Leeds restaurant - which shall be nameless - a second chance, due to fantastic service, even though the quality of the meal was dire.  Suffice it to say that they won’t be getting a third chance regardless of the service!

There’s an old adage that people buy people, indeed in some cases people are the ONLY experience, for example many products bought from visits by trusted sales reps. Customers will also buy trusted brands without even trying them first.  But service is also a major factor in many successful top brands, eg M&S, Prêt á Manger, John Lewis.  Once this close association of service, quality and brand becomes complete you’re flying.  The idea behind the marketing of these companies is to induce “loyalty beyond reason”. The creation of loyal customers who don’t quite realise why.

It’s very similar to LOVE. 

Brands that have this have actually been called “Lovemarks” (Saatchi & Saatchi).

At the heart of a strong brand, will be a great experience, and at the heart of that are people.

Success needs people who are committed, creative, engaging, professional, pleasant, caring, competitive, enthusiastic, conscientious, and saleable (phew!).  Commitment to providing good service needs to be strong Service delivery needs to be excellent, and the product great. Exactly our goals at MeetInLeeds.  No wonder our order books are filling!


Wednesday, 2 February 2011

Know Your Competition - by Richard Handscombe

There are many facets that are key to running a business – great products, good service, effective marketing, defined goals and so on, but one very important piece of knowledge is to be aware of what our competitors are doing.  We can find out what our competitors say about themselves by searching the web, going to exhibitions, and reading the trade press and the same means can tell us what others say about them.  But one of the best ways to learn about the competition is to get out there and visit them.

I used to be a wine importer and seller.  I found that in order to do my job better, I had to drag myself through vineyards and wineries in Italy, France, Germany, Yugoslavia (yes it was a while ago) and California;  I didn’t want to do it of course, but you just have to knuckle down and put up with the drudgery.  Although one vineyard is actually quite similar to the next, the knowledge of the region, the company and its people, picked up during these visits, gave us the competitive edge when we sat in front of buyers trying to sell the wines;  our stories could be told with passion, and were always better than a competitor who had never been to the region.

OK, perhaps visiting venues in Manchester, Edinburgh, Birmingham and here in Leeds is just a smidgeon less glamorous than Verona and Epernay, but the learning experience is actually similar, and as a bonus, you don’t need any sun-cream.

When the conference sales team visit competitor venues, they gain an understanding of the strengths and limitations of our competition;  they also, incidentally pick up some good ideas that we can pinch!  These visits are done quite openly - none of this Mary Portas stuff, with hidden cameras and the like (although wouldn’t that be fun?) – as by and large our business sector is very hospitable and anxious to show off.  We simply make an appointment, walk through their venue, ask a million questions and Bob, as they say, is your mother’s brother!


Naturally, the quid pro quo means that we have to be open to visits from our competitors too.  We’ve had just a handful, which gives me a warm glow of satisfaction – we know what they do, but they haven’t got much of a clue about what we do, other than what we write in press releases and on the web.

And we write that.


Find out what we write at www.meetinleeds.co.uk/news