Simplify Life

One consequence of the Global Financial Crisis or as they now are calling it the Global ‘Economic’ Crisis is that Foreign Exchange (FX) rates are now very volatile. 10% movements are now common replacing 1% movements. This brings about interesting opportunities for consumers.

This was highlighted recently when I was looking around for Ben10 Watches for my two boys, Mr3 and Mr5. The US Dollar (USD) price I would have to pay when converted to Australian Dollars (AUD) at an e-commerce portal was almost the same. The two currencies were nearly equal. Within weeks the AUD had changed dramatically versus the USD by 40% as the commodity markets imploded. Accordingly my online price to buy in USD had nearly doubled when I calculated the AUD price equivalent that I would be paying.

At the same time the Kmart retail price in AUD’s was unchanged and on a currency adjusted basis was extremely cheap. So Kmart, the offline retailer, was giving consumers the opportunity to avoid that foreign exchange loss. You could be simplistic about this and say that Kmart buys and sells at the same price and is currency neutral but the reality is quite different. Kmart is in competition with online shopping e-commerce portals. While currency makes Kmart prices cheaper then consumers like me will buy in person at their stores but if the reverse occurs I wouldn’t hesitate to buy online via an e-commerce transaction.

Accordingly Kmart is allowing consumers to cherry pick their prices. It is the right but not the obligation to buy at the cheaper price. In essence, a free option while stock lasts. This produces a negative pricing environment as they keep giving away this free option to consumers. Maintaining static pricing in the face of volatile currency movements is now a significant issue for them. While currencies moved 1% it wasn’t noticeable.

The big problem for Kmart and others like them is two-fold. Firstly they need to decide how much currency they need to hedge against their purchasing. In effect they are increasing their activity in a non-core business called “currency trading” which historically most businesses aren’t all that good at. It’s not their fault it’s just not their core business.

The second issue is that the technology to deploy and implement price change on the store floor isn’t implemented in Australian stores that I know of. You can’t simply swap out millions of RFID tags attached to garments, CD’s and Ben10 watches.

So the online stores have a distinct advantage over the offline stores born out of their capacity to adjust prices quickly as FX rates change. The online stores will continue to out-compete Kmart and the likes in volatile FX markets by facilitating this retail price arbitrage now made possible by e-commerce.

What does this mean for your business and what it is that you sell?

We have launched a new Saasu Product Blog in order to help our customers and followers get the specific content they want from Saasu. You can find the Product Blog at productblog.saasu.com (subscribe). Our soapbox opinion and ideas around business, technology and simplification in life will still be found in our Simplify Life Blog at saasu.com/blog (subscribe).

The Saasu Product Blog Will Contain

1. New features and upgrades
2. Voucher Codes for Saasu and Partner products
3. How to’s
4. Connector previews
5. Case studies
6. Using Saasu in the web ecosystem

Why not just have one blog?

Blogs and their content are becoming targeted so consumers of content can choose exactly what streams of information they want to receive. It’s a time poor world we live in. If you want all the Saasu content then just subscribe to both using your Blog/RSS Reader of choice. (What is RSS? | Don’t have a reader?)

I attended a fantastic EOTW conference in Perth, Australia last week (Twitter hash tag #EOTW08). I met some inspiring people like Derek Featherstone the FurtherAhead.com accessibility Gu (A leading Guru) who is also a keen triathlete. I also did a workshop with Google JS/jQuery Gu Cameron Adams (aka The Man in Blue). It was also great to meet Matt Patterson from Freshview (Saasu’s email marketing system). Thanks Matt for the T-shirt!

Many thanks to AWIA for a great event and inviting me over to speak and attend. My talk was about ecosystems, and if there is one ecosystem you must join if you use technology in your business then it’s AWIA.

Here’s my preso I did at the conference which I have posted on slideshare.NET

Saasu was one of the Top 10 Web 2.0 businesses mentioned in Smart Company magazine and website.

It’s always always nice to get a mention but when it’s along side some great companies we look up to like Atlassian and RedBubble it feels great.

The article points out Saasu’s strong growth in new business from offshore. Australia is where we began but as we internationalise to support more zones this is changing very quickly to be an global software as a service business in online accounting software systems.

What things can you do in your business to make it fun for your customers?

Back in 2000 we drew up some plans to make an accounting system a bit like a Monopoly board. The idea being that as your business assets grew you would see an image of you factory grow. Your sales pipeline would expand into a bigger pipe as revenue grew. We wanted to bring some fun to accounting which can otherwise be a tad boring.

Due to the conservative nature of accountants (a good thing, they are just trying to protect their customers in many cases) we decided to hold off on that approach. Another reason was the difficulty in dealing with animation in web interfaces back then while meeting targets on load time for screens. We were also trying to avoid pagination. Pagination is where you show 1-50 of 7,000 transactions as an example and then provide buttons or links to show transactions 51-100 etc. Pagination can be really annoying for customers as we discovered during our user experience surveys.

In 2004 we started using AJAX (it didn’t actually have a name back then) which gave us the speed and flexibility to create a more designed interface and a better perceived speed experience for customers. We still use AJAX extensively in Payroll where editable data sets are smaller but you won’t see it as much in screens that have large editable data sets because it begins to become cost rather than a benefit in load times. The customer experience might be nice but if the screen load is slow the customer will just want to throw the computer out the window.

AJAX still has issues in this area but they are slowly being worked around. New browser like Google Chrome will allow AJAX to be used right across data heavy applications as it is a very efficient in dealing with JavaScript (the J in AJAX).

Being a fan of Wordpress for blogging I really like their spam removal experience. When you click delete it turns red (like slaying the spam dragon) and then slides away off the screen. The destroy feeling is quite good. Gamers amongst you would like it. We implemented this idea back in 2005 into our Payroll and Invoicing modules (without the blood effect).

We are started to work on some UI design changes to give customers a bit more fun in the screens but as always the accessibility will be the controlling factor given our mantra of ensuring the keyboarders aren’t compromised in anyway.

If any of you have suggestions or examples of animation for deletion, creation, edit etc. just let us know as we will be working up our changes to reports and transaction searching/listing over the next few weeks.

Photo credit: Cowbite

If you’re a business owner I recommend attending conferences. The trick is to pick the eyes out of them. I only go to about three a year as either a speaker or a sponsor. So ruthless choices are required. My picks are Barcamp, Edge of the Web and CeBIT.

Edge of the Web is coming up in November (Perth, Australia), brought to you by the Australian Web Industry Association (AWIA). It is designed for business stakeholders trying to create next generation business practices that utilise the web. The people behind Edge of the Web recognise that technology and the web are an integral part of the business model. So often I see business people who think their business is “what” they do rather than “how” they do it.

Nearly all businesses are hybrid technology businesses these days,
they are part technology company and part product or services. The “how” is all about technology.

I’ll be at the conference talking on SaaS (Software as a Service) as an Ecosystem for businesses to operate in. Having your business in the cloud is becoming an integral part of an effective “how” component in your business. Some smart cookies (and coincidently good friends and customers of Saasu) will be there also such as the Madpilot, Myles Eftos and Millstreams, Adrian and Rosemary Lynch. I also hear that Jordan Brock and his 5 Senses Coffee with be there. 5 Senses was at a recent Barcamp, and the coffee experience just made it ultra-pleasant between sessions.

If you are not sure if this applies to you then consider a sole trader services business as an example who has a large portion of what they do dependent on technology. Getting the books done, preparing marketing material, email, franchising, scheduling, managing inventory, procurement, network marketing etc. It’s all about technology.

If you want to get to Perth then Saasu wants to pitch in and help by subsidising the trip a little through a cheaper Saasu subscription. Just use voucher code AWIA-EDGE when you renew or signup to Saasu NetAccounts. We will add 3 months to your business file renewal date once we confirm you have registered for the conference*.

Edge of the Web is on 6th and 7th of November, Perth WA. AWIA members $395, non-members $450.

ASIDE: If you aren’t already an AWIA member then get on board. Saasu did and never looked back. We are now on their committee and can honestly say it has been a great expereience dealing with some amazing web savvy members and receiving so much businesses through our membership.

If you have multiple business files in your subscription it will be pro-rata calculated. Offer ends 6th November 2008. One voucher at a time sorry. This offer can’t be used in conjunction with any other offer.

There is a short-sited view in business that over servicing customers is bad business. Service is a cost is often the cry from management. Some of the behaviours around optimising customer service even aimed at sending customers away to your competitors that fell below your cost of servicing hurdle. Other strategies included forcing people to self serve as much as possible to the point where humans only got involved if anger was imminent. Even the training of staff in customer service roles was about minimum necessary customer assistance in the hope that less customer service head count would be needed for businesses over all.

I have never believed in that philosophy. My late mother, Robyn Lehmann, taught me the lessons as a teenager about customer service. She ran a bakery/newsagency (interesting business model for another post) and I have a photo which I keep close to me of her in a business suit behind the counter serving customers. She raised the service bar beyond most people I have met in business and that bakery was a screaming success. She spent time with her customers and it was authentic time, not time to get sales. A genuine interest, the sales just followed accordingly. Her influence extends deep into the Saasu service ethic.

1. The net has had a huge leverage effect on the power of word of mouth

In the old world if you upset a customer they might tell a handful of people. This new world can result in them telling 100’s or 1000’s as they post their upset on a forum, blog or comment section of an online article. The reverse good word leverage also applies. Happy customers will tell the world through email, blogs, forums and the old fashioned way in person. In essence they have more leverage to spread the word than ever. Good and bad. They are your new age sales team.

2. Service is a Sales Channel

I have written about this before but in summary service allows you to have conversations. These conversations are an opportunity to learn about your customers experience in dealing with your business, it’s people and it’s products. Companies spend lots of money trying to find this information out through market research, surveys, focus groups and the like. You have the power to turn what is often thought of as a cost into a learning experience and a sales channel.

3. If business is about problem solving where do your find out what problems exist?

Customers will tell you their problems, they hold the keys to your business success. Just one little idea or problem can highlight a big business opportunity that can be used across your customer base. Your customers are smart and savvy. They operate under a commercial survival strategy. They see the world through a different set of glasses, from the other side of the counter. Their problems are often different to what you perceive them to be. Customer service is a channel into ideas and problems that you can solve for one customer which then could be leveraged and used for many.

4. Keeping it fresh

Continual contact keeps your business relationships alive. Much like calling a relative every now and then. People love to be loved. People are more likely to think of you and your products or services when you keep in contact at that next point of referral that comes along.

5. Just because you should

Life isn’t just about the money, it’s also about doing the right thing. Money is a bi-product of doing the right thing. Sometimes it isn’t, but mostly it is.

I was going through my e-mail this morning and noticed that I use the “Starred” feature in Gmail to remind me when I promise something to a customer. At Saasu we have started tracking promises using Saasu activities.

I guess as business people we all probably have some room for improvement in fulfilling on promises. Are we tracking our promises well enough? To-do lists capture many of them but what about those fleeting promises that are actually bigger than you think?

You would think all businesses would be great at tracking promises. Especially since most people are very worried about what people think of them and their business. Integrity is probably one of the most important values in a business.

The reason our businesses are less than perfect at keeping and tracking promises is because our businesses a built on people. Those people are only human, they forget, make mistakes, run out of resources to deliver on promises etc. So systems can help with this problem.

At Saasu we track defects, support and feature requests daily. All of which are promises. When we miss promise dates I personally feel it so we are always trying to improve on the system. Sure we could stop promising but that’s just a cop out. Our customers are paying us money to develop, improve and keep ahead.

Create an Activity type called Promises in Saasu.

One way we are doing this is by using Saasu activities to start tracking Promises. You can do this also. Create a Tag called Promise and give it type Activity. Put all your promises into Saasu as Promise Activities. You then have an easy way to list/print/track your promises, due dates and attribute them to the right people.

Anyone got any other ways they track their promises, work or personal?

Pic: Discoodoni on flickr.com

Many customers and partners have asked for simple pricing. So we listened.

We have wanted to free up the restrictions on how many users you add so you help us spread the word. We also want to enable you to have the advisors, bookkeepers and employees and other people you need to help you run your business without having to upgrade each time.

• You no-longer pay for users. Just select how many business files you want.
• You can keep adding users as long as you don’t go too crazy (see fair play).

What’s not in these plans?

Enterprise customers have the higher levels of storage, transaction volumes, and features such as group payroll and e-commerce. Enterprises are charged at higher rates. To find out more about Enterprise features and pricing contact us.

Damn this is cheaper than when I renewed recently!

If you paid recently and you feel the value from these new plans is better just create a help ticket and we’ll give you some free subscription time so your feel better!

Let the frenzy of marketing lessons begin.

Sydney finally has her own Apple flagship store. It is enormous. Right on one of the city central intersections it looks like a lighthouse at night. You can’t miss it.

Sydney is the world’s best city by brand (2 years in a row on ABC), lifestyle (8 years out of 10 on CNN) and especially so now for geeks and business owners since it is also home to Saasu HQ.

The lessons here for marketing any business are fascinating. Focus. Quality. Clarity. Consistency.

Only days after 5,200 Apple geeks meet in San Fran for their WWDC (World Wide Developer Conference) when Steve Jobs announced the new iPhone 3G (watch video) will be 36% faster than the latest Nokia and half the price of iPhone today ($199 from $399), Jobs also confirmed that 98% of iPhone users use it for the web, as predicted in this blog ages ago the iPhone platform is a major structural change to the world of web access.

In case you didn’t already know Saasu works on the iPhone and the iTouch, it is the full web application, not a cut down one. So you can do everything on the iPhone that you can do on any desktop or laptop.

Jobs also announced that iPhone 3G will be in 22 countries on July 11 and a total of 70 by year end. We wouldn’t be surprised to see the current 6m iPhone users go up to circa 100m+ by end 2009 (another blog on why another time).

If you go to the Apple Sydney store opening it is 5pm tomorrow (less than 36 hours ago the construction boards were up, now there are loads of apple geniuses running around and customers sleeping outside in line so they are first in tomorrow. TV and other media are already circling. The saasu team will be there of course to answer questions and do the odd demo. While I was there recently the kind apple crew gave umbrellas to those waiting in impending rain outside - well done gang.

Saasu.com is the best value accounting SaaS on the Mac in the world, we love the Apple iPhone too.

So we are offering 3 months bonus FREE to anyone signing up to a paid saasu netaccounts subscription for this week only. Just type APPLEROCKSSYDNEY when you sign up.

Note to Apple environmentally aware staff, please lobby your light house marketing guys to use efficient bulbs (if you don’t already) or turn off those lights when you go home pretty please.

Oh, and a bit of gossip to finish, something else is happening at 5pm tomorrow too. BRW the esteemed business review weekly magazine is launching their special Web 100 edition. Saasu might get a mention…