Reinventing the Wheel: The Science of Creating Lifetime Customers

Reinventing the Wheel: The Science of Creating Lifetime Customers

by Chris Zane

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Overview

When Chris Zane bought his bicycle shop at age 16, his business struggled until he discovered the secret that catapulted his store into one of the largest in the country. His secret? Provide unbelievable, over the top, excessively generous customer service.

Chris Zane isn’t a management consultant or professor preaching a theory of customer service; he’s a hands-on entrepreneur whose customer service approach has yielded enormous success. Zane has become a business celebrity, including being featured in the most recent round of American Express television ads.

Featured in the New York Times and in Associated Press articles and bestowed numerous awards for its unique business practices and outstanding customer relations, Zane’s Cycles has produced ideas thought by many to be pie-in-the-sky. But these counterintuitive concepts have proven to be hard-headed and effective. For example, Zane’s offers a trade-in program for families who can turn in bicycles their kids have outgrown for a 100 percent credit toward new ones. Initially thought impossibly generous, this program has proven to be good business. Experience and a clear understanding of the lifetime value of a customer makes this program, and many others Zane’s implements, work.

In Reinventing the Wheel, commonly overlooked elements that make a business exceptional are revealed. Zane produces a case study unlike any other—one that shows the importance of investing in customers and employees and how businesses are really selling experiences, not products. His philosophies and tried-and-true methods of guerilla marketing will show entrepreneurs and business owners how to knock out the competition while thriving in any kind of economy and doing good for the community along the way.

Product Details

ISBN-13: 9781935618867
Publisher: BenBella Books, Inc.
Publication date: 03/01/2011
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 240
File size: 231 KB

About the Author

At age 45, Christopher J. Zane is already a twenty-nine-year veteran of the retail bicycle industry. His story includes getting a state tax ID number at age 12, buying his first bike shop at age 16, and building Zane’s Cycles into largest bicycle shop in Connecticut by the age of 30. Today, Zane’s Cycles is one of the largest retail bicycle stores in the nation.

Zane’s unique approach to marketing includes strategies such as continual learning, the lifetime value of a customer, guerrilla marketing, bootstrapping, community relations, cost-controlled customer service, and image branding. He has positioned himself at the forefront of the industry by continuously setting standards in customer loyalty and creative marketing.

Since 1985, Zane has been accumulating awards and accolades such as the BBB Award of Recognition for Customer Service/Outstanding Business Practices; one of “the 30 most influential people in the bicycle industry”; North America’s Best Bicycle Retailer, North American Bicyclist Magazine; Mass Mutual Blue Chip Enterprise Initiative Award; 2006 Customer First Award, Fast Company Magazine and the 2006 Connecticut “Retailer of the Year.” Zane’s Cycles currently holds the status of Trek Bicycle Co.’s largest dealer worldwide. Most recently, Chris was inducted into the Junior Achievement Business Leader Hall of Fame, named the 2008 Customer Champion, 1to1 magazine, and the 2009 CT Climate Change Leadership Award.

Zane’s cutting-edge marketing techniques have been used as case studies in more than a dozen college textbooks worldwide and has been the subject of several articles in publications such as The Harvard Business Review, Inc. magazine, the Associated Press, Fortune magazine, The New York Times and The Wall Street Journal, as well as being profiled in Alpha Dogs, a HarperCollins bestseller by Donna Fenn. Zane has served as Quinnipiac University’s Entrepreneur in Residence and he is frequently featured on WCBS’s, “The Wall Street Journal’s Small Business Report” with Joe Connolly.

A sought-after speaker, Zane has presented to individual companies and at numerous conferences: Yale University’s Business and Economic Forum; Quis 9 International Marketing Symposium; The Conference Board; Inc’s Annual Growing the Company Conference; Inc’s Annual CEO Symposium; WCBS Newsradio 88 Business Breakfast Forum, and ASU’s Compete Through Services Symposium, where he was the highest rated speaker. He is currently a board member of several organizations, including The Sachem Bank (IO) and ASU’s The Center for Services Leadership.

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