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home | Complete Article Index | How Starbucks Got It Right...and How . . .
 





How Starbucks Got It Right...and How You Can Too.
by Chris Farrell
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Creating a successful business is all about establishing trust.

The success of Starbucks is 100% linked to the trust their customers have of the company.

Did you know - Starbucks have put their success down to 5 principles.

The following is taken from The Starbucks Experience by Joseph Michelli.

As I read this book -- it struck me that the success of Starbucks can also be applied to an Internet Business.

Despite maybe at first appearing unrelated...

...there are in fact many similarities between earning a passive income online -- and going in to grab an ice blended mocha.

Starbucks have put their success down to 5 principles.

They are as follows:

The Starbucks 5 principles
for turning the ordinary into the extraordinary.

  • Make It Your Own.

    Creating a successful business is all about establishing trust.

    The success of Starbucks is directly linked to the trust their customers have of the company.

    How can we do the same for a web business?

    Be welcoming for a start!

    By NOT always selling to our list.

    Starbucks forge a bond that results in most of their customers visiting again and again.

    How do we do the same?

    Easy -- LISTEN!

    Ask your visitors/subscribers what they want -- and listen to their replies.

    Provide solutions to their problems.

  • Retail is Detail!

    All business is detail. Slackness in detail will produce dissatisfied customers who will go elsewhere.

    And remember -- not only does everything matter -- but everyone matters too.

  • Dazzle!

    People have a secret hope these days to be dazzled.

    Delight your customers!

    Surprise them!

    Surprises can be free gifts - unadvertised bonuses - little things that go that extra mile.

    Don't always ask your list to dig out their credit card.

    You never get a second chance to make a first impression. Dazzle 'em immediately and you've got 'em for life.

  • Embrace Resistance.

    This is particularly apt to an online business.

    Making money online really is achievable.

    Making Money Online is a skill -- just like plumbing, or carpentry, or physics. But just like ANY skill - it can be learned.

    And just like learning anything new -- it takes time and discipline and focus.

    Naturally there will be frustration and headaches. Of course there will -- this is a new business.

    But instead of kicking the computer in frustration -- treat every obstacle as an exciting opportunity to learn more.

    I now welcome problems -- as they give me a great reason to obtain more knowledge of this exciting business.

    This attitude is probably the most important thing I have learned since I began online in 2008.

  • Leave Your Mark.

    Successful business leaders realize that a key part of success is leaving a positive and powerful mark.

    Your aim is to have people wanting to do business with you.

    Every email you send - every thread you post - every comment you make -- is marketing.

    Remember that!

    It reflects on you.

    Never emotionally respond to something.

    Be polite at all times.

    Never sink to mud slinging.

    If you meet negativity be respectful to that person but don't waste any of your time with them.

I hope you found this interesting !

Customer Comments
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Most Helpful Customer Comments
0 of 0 people found the following comment helpful:
Giving your personal value to all, April 26, 2012
By rickyram - See all my comments    
Thanks Chris. As a nurse for 35 yrs, its understood that you have to genuinely care and empathize with a fellow human being. Everybody is unique and worthy to be treated the way that you would want to be treated. Everyone has a need in all areas of their lives. It's up to you to over deliver. Then the rewards will come your way.
0 of 0 people found the following comment helpful:
good article, February 22, 2012
By e-basel - See all my comments    
very good information , Chris. Thank you for your support and it was a nice , simple and good analysis.
1 of 1 people found the following comment helpful:
Blood, Sweat & Tears = SUCCESS!!!!, February 20, 2012
By mojo - See all my comments    
Simple and to the point, Excellent!!!
0 of 0 people found the following comment helpful:
gloriajr, February 17, 2011
By gloriajr - See all my comments    
Thank you Chris! All of these helpful information tips and guide lines, keep me all the more excited and glad Iam here. Yes Chris Iam working with a much better understanding about everything pertaining to working with a on line business. Thank you Chris for all of this wonderful work, you've done. I appreicate it to the most highest of high!
0 of 0 people found the following comment helpful:
After being in retail, January 23, 2010
By ross1053 - See all my comments    
I was a retail manager for quite a long period of time and everything you offered in your comments have been my philosophy for many years. Again,We have complete agreement on a specific topic. Thank for all you you have done on my behave.

Ross C. Wilson
2 of 2 people found the following comment helpful:
Excellent observations!, January 23, 2010
By invencio - See all my comments    
Awesome article Chris. I can especially relate to the comment "treat every obstacle as an exciting opportunity to learn more." Thanks to your program, I now have a VERY different attitude toward mistakes and such. I find myself actually getting excited when something doesn't work just right. I know that I'm about to learn something in fixing the issue. Wow! Very cool. Thank you Chris!!
1 of 1 people found the following comment helpful:
Starbucks' Trust, January 22, 2010
By Capricorn - See all my comments    
Very good analysis, Chris. The recent lawsuits about claimed employee harassment at Starbucks may cut to the #1 factor of Trust that you mention. We'll have to see how that plays out and how it affects Starbucks' future. It is also a lesson for all of us to watch our backsides.



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