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The Monday Morning Memo

Hi Indy

When I was training salespeople at Walnut Creek Ford in CA I would take salespeople on a little field trip. To diffuse the notion that price is all that matters I would take them to The Nordstrom Store and a Ross Store which was one half block apart and give them a tour. I would tell them that if price is all that matters the Ross Store would be in the Nordstrom building and vice versa. In between was a Macys which we toured, Ross by definition an off price retailer, Nordstrom a luxury store. The Walnut Creek Nordstrom was the second highest volume store in the company, selling in one month what Ross did in a year. Six times what Macys sold, Macys  did not know what they were.

The second lesson was reading a J Peterman catalog. This was to exemplify what I called anecdotal selling. Telling  stories in a memorable fashion to get your point across. When you read a Peterman ad you are in Casablanca with Bogart sipping whiskey in the smoke filled bar in your red checkered shirt. This concept has been around a long time, it is no accident that the important points in the Bible are wrapped in parables. Adults learn differently than young people, adults will remember a story when they will forget facts before you are finished saying them.

You are driving down Hiway 101 in your Mustang GT convertible with the top down, wind blowing your hair, roar of the Five-O roaring out the back. You are cruising through Monterey and the girls in bikinis on rollerblades turn to you and smile.

What am I really saying? It has nothing to do with a Mustang!

Thanks for listening. J R

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Random Quote:

“I’ve long been fascinated by the common human illusion that ideas can be sorted into good and bad, when all experience shows this not to be the case. We could play the game all day long where I describe a simply terrible idea and then tell you about the people who got rich implementing it just right. Let’s try a few…

How about a comic strip that is literally a bunch of stick figures? It will be called XKCD and have no discernable characters. Done! It’s the most viewed comic on the Internet.

How about a movie about two gay cowboys? Done! Academy Award!

How about a comedic TV show about a Nazi concentration camp? Done! It was called Hogan’s Heroes and was a hit in its time.

How about a Broadway musical about a bunch of frickin’ cats? Done!

You’d be hard pressed to come up with an idea so bad that it couldn’t succeed with the right execution. And it would be even harder to imagine a great idea that couldn’t fail if the execution were left to morons.

Ideas are worthless. Execution is everything.
“

- Scott Adams, of Dilbert fame, June 4, 2010

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