Verizon Wireless Story with Two Lessons

VerizonThis is one of my favorite stories I like to share with friends, and there are two takeaways from it. I’ve been a Verizon Wireless customer since 1994 or 1995. For years, I would never say I was a happy customer, but I was always fairly satisfied with the customer support and phone service I received.   I had phone issues from time to time, and I hated waiting on line for tech support in-store, but there was nothing really major.

Sometime around 2002, I had major issues with a new LG phone, and I knew a couple of friends who had similar issues. For whatever reason, the local stores wouldn’t take it back, and I was going to have to buy a new phone, in the middle of my contract, meaning I would have to pay full price. I was irritated and angry. I couldn’t understand why Verizon wouldn’t take care of a long-time customer, and I was frustrated that I would have to pay a few hundred dollars for a new phone (a lot of money for a grad student), or pay to cancel my contract and switch providers.

Using my search engine skills, I spent a few hours late one night trying to find the email contact information for any Marketing Executive at VZW who would could commiserate with my troubles. I found the name of an Executive, and I wrote a long email describing the troubles I was having. I apologized that I was contacting him since it wasn’t   a marketing issue, but I told him that as a student of Marketing, I knew it ultimately was hurting his brand if the customer service lacked.

This email was going to be my last resort, and if it failed to work or didn’t illicit a response, I was going to have to decide whether or not to sever my 7 year relationship with Verizon. Not knowing the Executive’s email address, I sent it to as many variations @verizonwireless.com as I could create. First Name.Last Name, Last Name, First initial.Last Name, FirstNameLastName…etc – probably 10-15+ emails. Nearly all bounced except one – success at 12:34 am! I went to bed feeling like I had given this a good effort.

At 7:40 the next morning, an hour or so before I woke up, an email arrived in my NYU inbox:

“Thanks for taking the time to write me re: your frustrations with your phone. Let me assure you that your lack of satisfaction is my business, whether it’s a marketing issue or not. Your allowing us the chance to make it right is fully appreciated.

I’ve copied [Name Redacted] our VP of Wireless Devices, on this message. I’ve asked have someone contact you directly to resolve this problem as soon as possible. You’ll hear from us within 24 hours.

Thanks again for your message. I hope we can rapidly restore your confidence in Verizon Wireless.”

Within just a few hours, I was in touch with the VP of Wireless Devices, who had already reached out to the local store, where I had been previously turned down. By mid-afternoon, I had a brand new phone and I was a very happy customer.

It’s been seven years since this incident, and I am a very happy customer of Verizon Wireless. Not only have I upgraded to a Blackberry with unlimited data and 900 minutes (up from a phone with 400+/- minutes), but my account has three other phones on it as well, and I am enrolled in the VIP program. On my phone alone, I’ve spent over $5,000 with Verizon. I was not surprised to hear that this Marketing Executive is now the Chief Marketing Officer of the entire company.

I think there are two lessons that can be learned here:

1) If you feel that you are not being treated as well as you should by a company, as a last resort, contact company executives and calmly explain the problem you are having. Don’t expect an answer, but hope for the best. If you don’t know the proper email address, do what you can to find it, and you are bound to be successful.

2) If you are a company executive, no matter how good your marketing strategy is, your customer service is equally important. If the sales process is great but a customer has a problem with even one customer service representative, your marketing dollars are wasted. You need to look at every company representative as a marketer. Every customer touchpoint should provide an equally good experience. Sometimes people who aren’t marketers need to think like marketers. It can take years to cultivate a good customer/brand relationship, but it can take just seconds to destroy it.

My relationship with Verizon probably would have ended seven years ago if it was not for great customer care from the top of the organization.

Do Sports Teams Get Domain Names?

NBA, NFL, MLB, NHL

I want to examine whether American professional sports teams seem to value generic domain names for their websites. Surprisingly, there are a whole host of sports teams that do not own the exact keyword .com domain name of their brand, even though they are losing a considerable amount of traffic as a result. I searched NHL, NBA, MLB, and NFL team websites, and I found that National Basketball Association teams own the most team name.com domain names, and National Hockey League teams owns the least.

Since most sports team names are very generic, they are expensive to acquire. However, losing ticket sales and team memorabilia/collectibles revenue (or having to pay a commission for them) should be incentive enough to spend the money to buy these domain names, as evidenced by the purchase of Bobcats.com by the NBA’s Charlotte Bobcats last year.

By nature, American Internet users seem to default to the .com domain name when looking for a specific brand, and that holds true for sports teams. This can be witnessed by examining the public stats of generic sports domain names during the season. For example, Dolphins.com seems to spike at the beginning of the football season and then in the middle, even though the Miami Dolphins didn’t own the domain name until a recent UDRP filing that was Suspended.

It’s interesting to note that it doesn’t appear that the league or team values have anything to do with the acquisition of generic .com domain names. The Dallas Cowboys are one of the three most valuable American professional sports franchises. Yet they weren’t willing to pay $275,000 for their generic .com domain name when it was up for auction (which is a story in and of itself).

According to reports in Forbes Magazine, the approximate combined value of teams in each league were: NFL: $30.6 billion, MLB: $14.5 billion, NBA: $11.4 billion,   and NHL: $6.6 billion. This doesn’t parallel the % of teams that own their own .com domain name, although the least valuable league does own the least amount of .com domain names.

Percentage of teams that own their .com team name:
NBA: 76.7%
MLB: 73.3%
NFL: 53.1%
NHL: 26.7%

National Hockey League Teams – Do they own team name .com?
Buffalo Sabres Yes
Carolina Hurricanes No
Colorado Avalanche No
Columbus Blue Jackets No
Dallas Stars No
Detroit Red Wings No
Edmonton Oilers No
Florida Panthers No
Los Angeles Kings No
Minnesota Wild Yes
Montreal Canadiens Yes
Nashville Predators No
New Jersey Devils No
New York Islanders No
New York Rangers No
Ottawa Senators Yes
Philadelphia Flyers No
Phoenix Coyotes No
Pittsburgh Penguins No
San Jose Sharks No
St. Louis Blues No
Tampa Bay Lightning No
Toronto Maple Leafs Yes
Vancouver Canucks Yes
Washington Capitals No

National Basketball League Teams – Do they own team name .com?
Atlanta Hawks Yes
Boston Celtics Yes
Charlotte Bobcats Yes
Chicago Bulls Yes
Cleveland Cavaliers No
Dallas Mavericks No
Denver Nuggets Yes
Detroit Pistons Yes
Golden State Warriors Yes
Houston Rockets Yes
Indians Pacers Yes
LA Clippers Yes
LA Lakers Yes
Memphis Grizzlies Yes
Miami Heat Yes
Milwaukee Bucks Yes
Minnesota Timberwolves Yes
New Jersey Nets No
New Orleans Hornets Yes
New York Knicks Yes
Oklahoma City Thunder No
Orlando Magic No
Philadelphia 76ers Yes
Phoenix Suns Yes
Portland Trail Blazers Yes
Sacramento Kings Yes
San Antonio Spurs Yes
Toronto Raptors Yes
Utah Jazz No
Washington Wizards No

National Football League Teams – Do they own team name .com?
Arizona Cardinals No
Atlanta Falcons No
Baltimore Ravens No
Buffalo Bills No
Carolina Panthers Yes
Chicago Bears No
Cincinnati Bengals Yes
Cleveland Browns No
Dallas Cowboys No
Denver Broncos No
Detroit Lions No
Green Bay Packers Yes
Houston Texans No
Indianapolis Colts Yes
Jacksonville Jaguars Yes
Kansas City Chiefs No
Miami Dolphins Yes
Minnesota Vikings Yes
New England Patriots Yes
New Orleans Saints No
New York Giants Yes
New York Jets No
Oakland Raiders Yes
Philadelphia Eagles No
Pittsburgh Steelers Yes
San Diego Chargers Yes
San Francisco 49ers Yes
Seattle Seahawks Yes
St Louis Rams Yes
Tampa Bay Buccaneers Yes
Tennessee Titans No
Washington Redskins Yes

Major League Baseball Teams – Do they own team name .com?
Arizona Diamondbacks Yes
Atlanta Braves Yes
Baltimore Orioles Yes
Boston Red Sox Yes
Chicago Cubs Yes
Chicago White Sox Yes
Cincinnati Reds Yes
Cleveland Indians Yes
Colorado Rockies No
Detroit Tigers Yes
Florida Marlins Yes
Houston Astros Yes
Kansas City Royals Yes
Los Angeles Angels No
Los Angeles Dodgers Yes
Milwaukee Brewers Yes
Minnesota Twins No
New York Mets Yes
New York Yankees Yes
Oakland Athletics No
Philadelphia Phillies Yes
Pittsburgh Pirates Yes
San Diego Padres Yes
San Francisco Giants No
Seattle Mariners Yes
St. Louis Cardinals No
Tampa Bay Rays No
Texas Rangers No
Toronto Blue Jays Yes
Washington Nationals Yes

Note to Politicians: Pay for Your Domains

Because I get many Google Alerts each day, I am on top of just about every news article mentioning domain names. An article theme that is especially common has a title that goes something like this: “Cybersquatter buys domain name of XXXXXX candidate.” Instead of focusing on the fact that the politician forgot to renew his/her domain name, these articles almost always focus on the domain buyer.

On generic domain names, I have very little sympathy. I don’t think I own any common last name domain names, but I believe those are pretty much fair game since nobody has the rights to claim them as their own with many others sharing the same name. Other types of names can be more of a gray area depending on how common the phrase is, but regardless of my opinion and feelings about cybersquatting is the need to protect domain names from others who might want them for a variety of reasons. The onus should be on the politician for choosing not to renew his domain name.

Here are a few suggestions for political candidates when it comes to domain names:

1) Make sure the domain name is registered in the politican’s name, with privacy if he doesn’t want to give out an email address of an assistant. Campaign managers and workers come and go, and if they are getting the notices, the domain name may not be renewed.

2) Register domain names for several years and check on the registration every now and again. Set Blackberry/iPhone calendar alerts for a few years from now, and assuming the calendar is imported when a new mobile device is purchased, the alert will still be active.

3) Keep an active credit card on file

4) Don’t dump campaign domain names – even if they are time sensitive (Silver2008.org for example). They may not be useful in 2012, but they will have inlinks and perhaps some traffic. Maybe the domain names aren’t valuable to the campaign, but they could be valuable to a competitor or a cybersquatter who will monetize it. For $8, it should be a no brainer.

Just like the family who can’t afford to pay the bank for it’s home loan, a domain name will become available for someone else much like a home becomes the property of the bank if there’s a default. Most registrars give plenty of notice and time to renew, so there shouldn’t be a reason not to do it.

No matter what, a previously used campaign domain name has value to someone, and the politician should do whatever it takes to make sure he/she hangs on to associated domain names.

Twitter Call to Action from Best Buy

Best Buy TwelpforceI saw my first television commercial with a Twitter call to action in lieu of a phone number or corporate website. Best Buy had a commercial on National Geographic where they had the url Twitter.com/twelpforce across the screen for the length of the commercial. As a direct marketer, I don’t really like this idea for a few reasons:

1) Unless they have a special deal with Twitter, they can’t track the results (how many people visited the page)
2) They are building Twitter’s brand, not Best Buy’s brand
3) It’s difficult to remember the url, and if a visitor typos it, they get a Twitter error message, not a Best Buy 404
4) Not everyone knows Twitter – presumably much less than people who know Best Buy
5) Many people that know Twitter don’t use it
6) Could lead to a very short and annoying user experience if visitor is not familiar with Twitter

IMO, if Best Buy wants to encourage people to visit or befriend its Twitter account, they could have sent people to Best Buy’s website with a backslash for Twitter. They could explain why people should use Twitter and why they should follow Best Buy on Twitter. For people who don’t use Twitter, this would be a nice lesson about what Twitter is and a real world example of the power of Twitter.

With this call to action, if someone who is unfamiliar with Twitter visits the site, they might leave unsatisfied, whereas if they visited the Best Buy website, they could at least navigate to other Best Buy pages. The irony of the situation is that Best Buy has a call to action on its Twelpforce page, encouraging Twitter visitors to visit BestBuy.com/Twelpforce – ironic, no?

At least had they sent people to the Best Buy website initially, they could track the number of people who typed it in when the commercial aired and could further track the customer experience on their site. By sending the visitors directly to Twitter, they can’t track the visitors or the return on their investment.

Header Banner Now Available

Six One Five DesignHave you ever seen a note like this on a web designer’s website? This was just the note that my designer added to his site yesterday as a result of an abundance of business (we should all be so lucky!). In light of this good news for SixOneFive, the banner spot in my header is now available for a monthly lease (commitment may be required).

If your company is interested in reaching domain investors, Internet entrepreneurs, web developers, and other Internet media professionals – in arguably the most visible location on my blog – please drop me a note. The banner isn’t “cheap” but it is a cost effective way to reach potential customers and clients.

The banner will be available on a first come, first served basis.

Here’s what Mike from SixOneFive (who previously had the banner) had to say about advertising on Elliot’s Blog:

This banner is responsible for over 60% of my past and current workload.   Not only did it lead to projects, but it also resulted in long-term clientele, which is hard to come by these days.   I actually had to create a “Booked” graphic specifically for traffic from Elliot’s Blog!

Domain Names are Undervalued Because…

I think domain names are considerably undervalued when compared to other business asset classes. Most companies would rather spend money investing in a quality piece of land rather than a category defining domain name.

As a domain investor, I would rather own the domain name Candles.com than buy a piece of land where I can build the biggest and best candle store. No matter how great this candle store is and where it’s located, it still can’t reach 1/100th of the people a domain name like Candles.com can reach.

I believe domain names are undervalued for a few reasons:

Many business owners still don’t understand how the Internet works. You could give many business owners the best category defining domain name, but they would have no idea what to do with it or how to build a website. There is also still a tremendous amount of disparity in web development. I could put out a bid on a fully interactive website and you can bet I would get bids ranging from a few hundred dollars to tens of thousands of dollars for the exact same quote. If a business owner doesn’t know how to approach this, it’s easier to focus on what is tried and true.

Many people would prefer to build their own unique brand than to spend an extraordinary amount of money on a generic domain name. In marketing classes, people are taught to differentiate themselves via their brand, and if they name their company XYZ Swimming Pools, business owners seem to want to stick with their brand. Perhaps it’s ego or lack of knowledge about direct navigation traffic and web conversion.

Although there are at least a couple of easy ways to finance a domain name acquisition (Domain Capital or DigiLoan), I imagine it would be tough to convince a bank to give a large loan to finance a domain purchase. It’s easier to take out money to expand a small business in a local community than it would be to buy a domain name to enhance a company’s presence online.

There is no MLS-like system that can give consistently accurate domain values. Even similar domain names can have hugely different values, and there is no way to get an appraisal that is totally accurate. You can’t expect someone to spend tens or hundreds of thousands of dollars on a domain name when he has no idea if the domain name is worth the price.

What do you think?