General Links:

  • About Me

    First Round Capital
    View Josh Kopelman's profile on LinkedIn

Subscribe by email

Search this blog

Recent Comments

Feed Counter

  • TwitterCounter for @joshk

Recent Visitors


First Round Capital - Portfolio News

First Round Capital - Portfolio Job Openings

Blogs I read

Conferences I'm Attending

My Del.icio.us Tags


« When the music stops... | Main | Another reason to blog... »

VIP Treatment

CriticWhen a restaurant owner recognizes a food critic in their restaurant, the critic gets extra-special treatment.  To be a good restaurant critic, you have to be anonymous.  Otherwise, the critic's "picture is posted in every four-star, low-star, and no-star kitchen in town" and they get special service. 


Restaurant owners understand the power of the press -- and go to extreme efforts to ensure that influential customers have a wonderful experience. 
This isn't rocket science -- it's good business! 


Why is it that online businesses don't do the same?  They should!  One of the first things we did after we launched Half.com was create a VIP list, containing the email addresses of all influential reporters, competitors, potential acquirers, analysts, and investors.  (Bloggers didn't exist back then - but they would qualify as well).  We then had our system alert us whenever a VIP created an account, purchased an item or listed one for sale.  When a VIP purchased a CD we'd have someone from our customer service group telephone the seller to confirm that it shipped promptly.  When a VIP listed an item for sale, we'd monitor it to see if it sold.  And if a (hypothetical) reporter listed a (hypothetical) book for sake, and it didn't sell quickly, a relative of a
(hypothetical) Half.com employee in Oklahoma might (hypothetically) purchase the item...Resulting in a (hypothetical) story in the New York Times


Half.com offers a good service -- just like most restaurants serve good food.  But, doesn't it make sense to be on your best behavior with influential customers?

Do you have a VIP list for your company?  Do you know what experience journalists, bloggers, analysts and acquirors are having with your product?

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83452d6c969e200d8345d370169e2

Listed below are links to weblogs that reference VIP Treatment:

» Flagged Articles #13 from Random Thoughts
Heres my links of interest for the week ending March 18th, 2006 Book Review: Chasing Daylight - Brad FeldAnother one on the Amazon wish list VIP Treatment - Josh KopelmanThis is one of those obvious, why didnt I think of... [Read More]

Comments

Um, why the anecdote about sleight of hand with a major market reporter on this public venue?

The media knows it gets manipulated... but if they learn of a specific instance, they may be put off for an undefined period.

Please pardon my unsolicited civics lecture.

Thanks for your thoughts Liam. I guess I figured that after 6 years, the "statute of limitations" had expired...

I hope so! It's just that press types are known for touchiness and long memories.

Were I in your shoes at Half.com back then, I'd have tried a generic "dear user" email informing the reporter that the item listed might not sell quickly, and would they like to list something like x, y, or z that might move faster?

Having now proffered both civics and PR advice to a net luminary, allow me to point out my blog as a source of web tech wisdom. :)

Post a comment

If you have a TypeKey or TypePad account, please Sign In