Comments on: Money and Loyalty http://eliminatethemuda.com/2010/04/money-loyalty-and-investing/ Where we prove that it is easier to save a dollar than to make a dollar! Fri, 18 May 2012 13:20:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Carnival of Personal Finance #258 - Cities at Night | FinanceMoz.comhttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-6607 Carnival of Personal Finance #258 - Cities at Night | FinanceMoz.com Sat, 05 Jun 2010 17:30:32 +0000 http://eliminatethemuda.com/?p=3200#comment-6607 [...] from Eliminate the Muda presents Money and Loyalty , and says, “To be successful in life maybe we need to take a page from business and build [...] [...] from Eliminate the Muda presents Money and Loyalty , and says, “To be successful in life maybe we need to take a page from business and build [...]

]]> By: Hope to Prosperhttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-5724 Hope to Prosper Mon, 24 May 2010 21:09:24 +0000 http://eliminatethemuda.com/?p=3200#comment-5724 I read recently that Gen Y employees were more loyal to their soft drink brand than their employer. It's important to remember that loyalty works both ways. I read recently that Gen Y employees were more loyal to their soft drink brand than their employer. It’s important to remember that loyalty works both ways.

]]> By: Carnival of Personal Finance #258 – Cities at Night | Money Relationshiphttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-5685 Carnival of Personal Finance #258 – Cities at Night | Money Relationship Mon, 24 May 2010 10:10:12 +0000 http://eliminatethemuda.com/?p=3200#comment-5685 [...] from Eliminate the Muda presents Money and Loyalty , and says, “To be successful in life maybe we need to take a page from business and build [...] [...] from Eliminate the Muda presents Money and Loyalty , and says, “To be successful in life maybe we need to take a page from business and build [...]

]]> By: The LeanLifeCoachhttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-4699 The LeanLifeCoach Tue, 11 May 2010 23:19:56 +0000 http://eliminatethemuda.com/?p=3200#comment-4699 @Jacob - Interesting perspective and something we don't consider enough in business and marketing. Often people patronize businesses that are simply the path of least resistance. And sometimes employers keep employees because it is easier than getting a new one. Being <a href="http://eliminatethemuda.com/2009/10/personal-finance-the-business-of-you/" rel="nofollow">in the business of you</a>, making yourself stand out may not pay off at times, but when it does will make the effort worthwhile. @Jacob – Interesting perspective and something we don’t consider enough in business and marketing. Often people patronize businesses that are simply the path of least resistance. And sometimes employers keep employees because it is easier than getting a new one.

Being in the business of you, making yourself stand out may not pay off at times, but when it does will make the effort worthwhile.

]]> By: Early Retirement Extremehttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-4514 Early Retirement Extreme Sat, 08 May 2010 19:17:27 +0000 http://eliminatethemuda.com/?p=3200#comment-4514 For me it's not loyalty as much as it is familiarity and a sense of "good enough, so why bother". .-= Early Retirement Extreme´s last blog ..<a href="http://earlyretirementextreme.com/2010/05/the-first-step-out-of-consumerism.html" rel="nofollow">The first step out of consumerism</a> =-. For me it’s not loyalty as much as it is familiarity and a sense of “good enough, so why bother”.
.-= Early Retirement Extreme´s last blog ..The first step out of consumerism =-.

]]> By: The LeanLifeCoachhttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-4055 The LeanLifeCoach Fri, 30 Apr 2010 01:35:34 +0000 http://eliminatethemuda.com/?p=3200#comment-4055 @Simple in France - I am always thinking of business; mine, yours, a new one or a dead one. I am fascinated by the variety of business models and ideas out there! What a great story about the cafe. It illustrates how a good business actually has a symbiotic relationship with its community, otherwise it will kill off its customer base. @Roshawn - I once saw a government study that indicated it is 15 times cheaper and 5 times more profitable on average to serve a repeat client than to conquest a new one. I have always doubted the "5 times" especially, but I do believe a loyal customer will spend more and spend more often. @Simple in France – I am always thinking of business; mine, yours, a new one or a dead one. I am fascinated by the variety of business models and ideas out there!

What a great story about the cafe. It illustrates how a good business actually has a symbiotic relationship with its community, otherwise it will kill off its customer base.

@Roshawn – I once saw a government study that indicated it is 15 times cheaper and 5 times more profitable on average to serve a repeat client than to conquest a new one. I have always doubted the “5 times” especially, but I do believe a loyal customer will spend more and spend more often.

]]> By: Roshawn @ Watson Inchttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-4036 Roshawn @ Watson Inc Thu, 29 Apr 2010 17:50:47 +0000 http://eliminatethemuda.com/?p=3200#comment-4036 I think I am exteremely loyal to Palm. In fact, when I found out they were bought out yesterday, I breathed a sign of relief because I now feel more comfortable buying another one of their phones. I guess I couldn't imagine keeping track of everything without my palm. I know it is somewhat sad but somewhat reaffirms one of your point... Loyalty is a powerful thing. It most certainly can get one to part with his or her money. .-= Roshawn @ Watson Inc´s last blog ..<a href="http://feedproxy.google.com/~r/WatsonInc/~3/5Kqkvz0o20c/secret-weapon-to-your-financial-plan.html" rel="nofollow">A Secret Weapon To Your Financial Plan</a> =-. I think I am exteremely loyal to Palm. In fact, when I found out they were bought out yesterday, I breathed a sign of relief because I now feel more comfortable buying another one of their phones. I guess I couldn’t imagine keeping track of everything without my palm. I know it is somewhat sad but somewhat reaffirms one of your point… Loyalty is a powerful thing. It most certainly can get one to part with his or her money.
.-= Roshawn @ Watson Inc´s last blog ..A Secret Weapon To Your Financial Plan =-.

]]> By: Simple in Francehttp://eliminatethemuda.com/2010/04/money-loyalty-and-investing/#comment-4033 Simple in France Thu, 29 Apr 2010 16:47:25 +0000 http://eliminatethemuda.com/?p=3200#comment-4033 So are you getting ready to start a business? This is all good timing for me anyway--it will have me thinking. As a customer, I'm fairly fickle unless someone really wins me over. Usually, that happens by being excellent at a reasonable (not necessarily cheap) price and then being happy to do it. There was a restaurant in the town we used to live in that was like this. They realized that people were suffering from 'hard times' and they started a happy hour and made sure to keep some simple, cheap dishes on the menu. The owner would sit out front at one of the tables and said "hello" every single time we went by--she remembered us--she remembered everyone. They were full every-time I went in there. Once I even saw an entire family have grilled cheese for lunch. My husband and I began to see this bar/cafe as an asset to our village--because, hey, what is a village in France without its cafe? So we broke our generally frugal habit of not eating out or going out for drinks just to make sure the business stayed in good steads. .-= Simple in France´s last blog ..<a href="http://www.simplelifeinfrance.com/2010/04/value-of-education-at-sif-and-money-funk/" rel="nofollow">Value of Education at SIF and Money Funk</a> =-. So are you getting ready to start a business? This is all good timing for me anyway–it will have me thinking.

As a customer, I’m fairly fickle unless someone really wins me over. Usually, that happens by being excellent at a reasonable (not necessarily cheap) price and then being happy to do it. There was a restaurant in the town we used to live in that was like this. They realized that people were suffering from ‘hard times’ and they started a happy hour and made sure to keep some simple, cheap dishes on the menu. The owner would sit out front at one of the tables and said “hello” every single time we went by–she remembered us–she remembered everyone.

They were full every-time I went in there. Once I even saw an entire family have grilled cheese for lunch. My husband and I began to see this bar/cafe as an asset to our village–because, hey, what is a village in France without its cafe? So we broke our generally frugal habit of not eating out or going out for drinks just to make sure the business stayed in good steads.
.-= Simple in France´s last blog ..Value of Education at SIF and Money Funk =-.

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