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Mar 13, 2014

The Easiest Way To Come Up With Innovative Ideas: The Magic Wand.

Identifying Stuff That People HATE When Doing Business With You Might Be Your Best Bet To Innovate & Grow Your Business.

Written by Rich Harshaw.

You’re Probably Doing Stuff Your Prospects Hate. Here’s An Idea: Stop It

Note: This article is part of MYM’s ongoing INNOVATION series. Some of the ideas will be specific to remodelers; others will not. Use these ideas to spark your imagination as you think of ways to improve your business.

Imagine being able to wave a magic wand, utter a simple “abracadabra” and get whatever you wanted. It’s everyone’s fantasy, right?

Abracadabra! A huge pile of cash!

Abracadabra! A new Ferrari!

Abracadabra! A beach house in Maui!

Here’s the funny thing: in business, magic wands actually exist, and they actually do bring you huge piles of cash.

Here’s the twist: to get the big pile of cash, you have to put the magic wand in the customers’ hand, not yours.

The magic wand is a simple innovation exercise—in fact, it’s the simplest innovation exercise of all. All you have to do is ask this one simple question:

If you could give your prospects and/or customers a magic wand that they could wave over your industry—or your company—and change it however they wanted, what would they conjure up?

It’s a way to help you identify things that PEOPLE hate about doing business with you (or your industry) so you can replace those hate-worthy things with stuff people love. Sounds simple, I know—but the heart of all innovation is GIVING PEOPLE WHAT THEY WANT. You’d be surprised at how often you do things your customers can’t stand… and you don’t even realize it because it’s “just the way you’ve always done it.”

Remove the roadblocks and watch the sales and cash start piling in.

Let’s start outside of the remodeling industry to get your brain started, then we’ll bring it back in a little bit later. But first, a few rules:

Dentist:

Hotel:

Advertising Sales:

Florist:

Do you see how this works? Just give your clients the magic wand and let them change whatever they want!

Now let’s move on to remodeling—what do people HATE? Well, here’s a list for starters:

I know a lot of you will dismiss a lot of this out of hand and mutter under your breath that I’m an idiot marketing consultant who doesn’t know the realities of running a remodeling business. Some of you might not hold that thought to “under your breath.” But where do you think I’ve gathered all these ideas? I’ve watched remodelers who have ALREADY given their customers the magic wand take loads of cash to the bank. It’s real simple: When you get rid of roadblocks; when you let people know that you trust them; when you treat people with genuine respect; when you quit stacking the deck IN YOUR FAVOR—people respond very well. They fall in love with you. And they fork over mounds of cash.

Take the magic wand and give it a twirl on your business. You might just witness a miracle.

About Rich Harshaw

Rich Harshaw is the CEO of Monopolize Your Marketplace, a marketing services company that has specialized in contractor marketing since 2005. You can email Rich at rharshaw@mymonline.com.

Innovation Session

Are you doing stuff that customers actually hate? Are there areas where you could improve? Are there cool things you COULD be doing, but just don’t realize it? Fill out the form below for a free Innovation audit. We have limited capacity to perform these audits, so be one of the first 10. Fill out the form!

FREE Innovation Session

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