Wednesday, May 01, 2013

Crowd ready to disrupt the law

In the Autumn of last year I got my first look at a project called Lawbit. In fact I spent a few days consulting to founder Clive Rich on how best to social market it.

I'm delighted to say Clive has turned to Open Capital (crowd funding) to accelerate the project now.

To my mind its one of the most effective ways of marketing a start-up.  Everyone who contributes becomes an advocate. Everyone becomes a part of Clive's team.

I'll let Clive make the pitch himself. He's excellent at the art of persuasion. In fact he's just published The Yes Book (you'll find it on Amazon)...


As you may know, I recently launched LawBit - http://www.lawbit.co.uk/ - an online legal service which provides "simple contracts for small companies". On its launch date in December it was identified by David Cameron as an up and coming service to watch in London’s Tech City. You can read more about LawBit and watch a short introduction video here; http://cliverich.com/services/lawbit/

There are 4.5 million small companies in the UK alone, spending £10 billion per year on legal services, so this is not a small target. LawBit is also scalable internationally. Although there are other online legal offerings, none has LawBit's combination of plain English documents, affordability and functionality. 

LawBit has currently raised £210,000 for the development of marketing and additional client features and is seeking a further £150,000 on crowd funding platform “Crowdcube” to close this round - http://www.crowdcube.com/. Crowdcube is a very successful fully regulated investment platform which enables non-professional investors to invest in companies in return for shares. Investments range from a few hundred pounds to some thousands – no amount is too small or too big. 

LawBit’s pitch is now available on Crowdcube here; 
http://www.crowdcube.com/investment/lawbit-ltd-12638 and I wanted to ask if you would be prepared to pass this note on to anybody who you think might be interested in investing. Of course if you are interested in investing yourself via Crowdcube I would be absolutely delighted for you to be a shareholder and please let me know if you want to discuss the proposition. 

You may also be interested in trying out our initial offering to the first 2,000 customers – access to all LawBit contracts and tools for a year for a subscription of just £79. You can find out more about that here; http://www.lawbit.co.uk/offers

If you are interested in signing up for this offer, it would help our marketing endeavours and reporting if you followed the link here http://tinyurl.com/cb2k5hs


Thursday, April 25, 2013

Concepts Are King

The phrase 'Content is King' has a long history. Its origination is usually ascribed to one Bill Gates from a 1996 article. Smart dude.

But I suspect it goes back rather longer. Those of us with a traditional media background always new it was the content people bought our stuff for, for example.

Then there was the build - that not Content, but Conversation is King. Cory Doctorow memorably put it that "Conversation is King... Content is just something to talk about."

Content is pointless without conversation. Conversation needs 'something to talk about'.
Neither is king. It's the interaction of people and ideas that drives us to action. The web has lowered the barrier for millions to interact with ideas.

And no one is describing what they are interacting with as 'content'. In fact 'content' has some rather unhelpful connotations in the context of what the web is best at enabling - ie adhoc self-forming groups of purpose.

Content implies constraint; An idea boxed and kept within - a thing inside with limitations.
This isn't how people behave with ideas. We take, shape, add, delete, remodel - hack ideas in our every interaction. And the web is a splendid evolutionary environment for them.

So I'm going to suggest Concepts Are King is a better 'catch-all' for what is really important in connecting folk. I can take your boxed up piece of content and share it, of course. That's old-style viral. Pass it on unmolestered. Don't expect evolution.

Or I can connect with and play with a concept. We can.

And in so doing we add value - not mere distribution.

Image attribution: By Enoch Lau (Own work (photo)) [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/) or CC-BY-SA-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/2.5-2.0-1.0)], via Wikimedia Commons

Friday, April 12, 2013

Thatcher's legacy? Getting away with it is not a strategy


Had the Labour Government that preceded Margaret Thatcher’s first election win had access to accurate data they would never have needed to go cap in hand to the IMF, to devalue the pound and accept swingeing cuts demanded of them for getting the loan. They were operating on a false premise – that the economy was in a far more parlous state than it actually was. This miscalculation changed the way Britain was governed

Mrs Thatcher was lucky. She got away with it.

Had a few more Argentine bombs been correctly fused, a few more Exocet missiles supplied, a few less brave men acted a little less heroicly, The US been less generous with its clandestine support, Britain would have slumped to ignoble defeat in The Falklands. It was very touch and go.

Mrs Thatcher was lucky. She got away with it.

Had the technology and the will to access and surface Britain’s biggest ever bag of gold – black gold from the North Sea – not coincided with her Premiership  she would not have been able to tilt the electoral playing field with the massive privatisation share price give-away that the oil funded, or the cut-price transfer of council housing to private ownership that followed.

Many got lucky, cashed in, took the money and ran. And thought they’d got away with it.

But far from her dream of giving more people a stake in a capitalist economy, she’d succeeded only in creating a society ever more fixated on and dominated by consumerism. Mrs T thought we aspired to prudent stewardship through ownership - but what she actually created were the conditions for rampant consumerism.

Still she believed she was right – and kept ploughing on with unpopular cut after unpopular policy because..? She kept on getting away with it.

What did we learn? Belief is important. But in the end it won’t out run the truth.

Getting away with it is not a strategy. Lucky generals don’t always win.

Gather the evidence. Act on the data.
Make a better fit with reality.

I'm a big believer in belief - but never at the cost of reality.

Thursday, April 11, 2013

BT holds its hands up and pays out credits

In my previous post I shared how I felt BT had got their CRM badly wrong - making an offer to current customers it then appeared reneged on. You can read the whole sorry saga here.

The very encouraging news is that after making my feelings known via twitter and blog, BT admitted it had got it wrong, said sorry, and has been brilliant at putting things right.

And for this we should heap praise. I publish this today to thank them for that - and to make sure others who received the same misleading mail-shot are empowered to benefit as I have.

Here's what BT had to say:

Having now looked into this matter in detail, I can confirm that we had two different direct mailings (DM) for Essential Extra [The extra channels and HD deal the letters promoted]. One of which was aimed at customers on our “free Vision Essential for one year” offer, and the other at customer paying the standard £5 a month for their Vision Essential subscription. 
We had an error on our mailing system that meant the latter group of customers were incorrectly sent the DM containing the claims “from just £2 more a month” and “£2 extra on top of your current TV subscription”. 
We appreciate that the overall impression of this mailing was therefore misleading for customers who are not currently paying for their Vision subscription. Please accept this letter as a sincere apology for our mistake. 
It is of the upmost importance to BT that we are clear and honest with our customers and to ensure that they are not misled by either marketing or customer service communications. We are in the process of reviewing how we target marketing communications to ensure that errors like this don’t happen again. 
We will of course honour this price point and arrange a bill credit of £60 should you sign up for Essential Extra (this being the difference of £5 per month, over the 12 month minimum term). You will therefore pay just £2 more a month, as was stated in the mailing you received. 
If you would like to go ahead with Essential Extra please let me know and I can place the order and arrange the credit for you. I hope you find this satisfactory but if you require any more help or information, please don’t hesitate to contact me.

And I have done - and the customer service team have been excellent at making sure everything has happened as it should have done.

Neil O'Shea and Colleen McElhatton from the BT Social Media Team deserve particular praise.So well done BT - it's great to hear you are reviewing how you target.


Other companies would do well to take note - getting your CRM wrong can not only annoy customers - it can end up adding hefty costs.


I've no idea how many more people will now be able to claim a £60 credit - but I'm guessing it'll be rather more than a handful.

Saturday, March 23, 2013

Hello BT! The cost of decent CRM versus the CPA of customers

As requested by @BTCare via twitter... I've used their email contact form to expand on the complaint I've made via phone and tweets.

I had to resort to my PC to do this because the link supplied by BTCare for me to detail all of this didn't open properly on an iPad or iPhone. Think about that for a moment BT. If it had, I wouldn't have written the following on a PC - so almost certainly wouldn't have bothered blogging it. Oh dear. Lesson learned?

Anyway - quick bit of background. I upgraded my broadband to 30+ meg last year and, as part of the deal, got a BT Vision Box. My Freeview recorder had just packed up so I thought, why not? Even though it didn't deliver Freeview HD (which the receiver on my TV does, it's an internet TV with IPlayer and all that good stuff). BT Vision was included in the deal. Services (usually £5 a month) free for year one.

I was told HD was coming soon. Fair enough... I'd sit it out. Then I got a letter offering me a load of new channels... and HD - for an extra £2. I liked the look of the extra channels so rang and tried to get the deal.

Not available for me (so why send it to me?) - I'd have to take out a new contract and pay £7 a month more than I currently do.

Eh?

So... Here's what I sent them. (I like to blog these things for the record since I absolutely hate email 'forms' which have an alarming tendency to crash and leave the consumer with no record of the email being sent) 

I'm annoyed.
I received a letter offering to upgrade my BT Vision service (which is part of a broadband deal I changed to in the latter part of last year).
The letter offered new channels + upgrading terrestrial channels to HD (which I can get free through my TV's freeview receiver anyway).
I was told when taking out the contract HD would be following soon (I could therefore bear losing it via your box in the meantime). As you will be aware, running additional receivers through the same tv is complex so it's an either or decision.
Now it appears that my 'free' year one provision of BT Vision must terminate if I want HD and a new contract at £7 a month begun.
Issues 1: Either my first year was free or it wasn't.
Issue 2: Either the upgrade is £2 or it isn't.
Issue 3. I don't believe your CRM is so poor that you can't differentiate between your offerings to customers.
I called BT Vision and have now initiated a complaint.
This is your error, you shouldn't contact consumers on a one year free intro deal with an offer of a £2 upgrade if it actually isn't available.
You also shouldn't be charging for HD for terrestrial channels with a straight face - since that is available via freeview and similar set set boxes at no charge.
My expectations: Now you've got yourselves into this mess you should honour the offer you have made - I find the package (including HD) reasonable at £2 a month and will pay that.
And you should do so not just for me, you should do so for everyone you have made the offer to who is in a similar position. Your error - you fix it.
Failing this I will happily go back to freeview, acquire my broadband at exactly the same speed through rival suppliers and consider terminating my lengthy and costly and almost never used landline service.
 
I hope you will regard my long and valuable custom (MUST BE 25 YEAR PLUS BTW) somewhat higher than the continued (no change to your budgets) £5 a month discount you include in our current contract. 
What exactly is your cost per acquisition of a customer? 
I look forward to hearing your response within 48 hours.
My enquiry reference number: 130323-006027

FasterFuture.blogspot.com

The rate of change is so rapid it's difficult for one person to keep up to speed. Let's pool our thoughts, share our reactions and, who knows, even reach some shared conclusions worth arriving at?