A Bank With A Crazy Idea
The National Bank of Detroit once came up with such a different idea from what other banks were doing that it almost seemed crazy.
What was the idea?
They offered $10 each time a customer discovered an error in their checking account.
You’d think that policy is a dangerous one for banks to offer, because it could cause them to lose a lot of money.
Well, if you thought that, you’re wrong.
In fact, the opposite happened.
The policy didn’t cause them to lose money at all.
The policy brought in 15,000 new accounts and $65.5 million in deposits in the first two months!
By doing something different than other banks were doing, they experienced something different than other banks were experiencing.
Earl Nightingale And The Secret To Being Successful In Any Business
Earl Nightingale once revealed the very surprising secret to being successful in any business.
He said, “The secret of being successful in any business is to look around you and observe what everyone else is doing . . . and do the OPPOSITE.”
“Same” rarely leads to success. It usually leads to mediocrity.
“Different” is the usual doorway that leads to success.
If you want your business to be more successful, then you must choose for it to be different more ways.
The differences that lead to success DON’T have to be huge or expensive differences.
Let me give you an example.
Revlon’s Different Way To Create A New Package
Usually, whenever a cosmetics company needs to come up with a package for a new product, they design a new package.
And this can be a very costly process.
When Revlon needed to come up with a new package for their new product called “Jontue“, they didn’t go about it in the usual way that other companies would.
One of their innovators in their company noticed something no one else did.
He noticed that if the “Charlie” bottle was turned around, it looked like a completely different package.
And that is how they came up with the new package for “Jontue”.
Tell Us How Your Business Is Different
In what ways is your business different from others business in your industry?
Post your answer in the comments below.
*If you don’t think that it is that different, then post what your business is in the comments and I’ll try and give you some ideas to help you come up with some differences.
Source: I found both stories above in Speaker’s Library of Business Stories, Anecdotes, And Humor
NOTE: 2BH always uses affiliate links to Amazon, but we never recommend a book simply for the commission. (It’s not big enough to be worth that.) We just think that Amazon might as well cover an occasional Starbucks drink for us in exchange for sending people to buy books from them! 🙂 **If it bothers you that the links above are affiliate links, then copy the title above and go to Amazon.com here. No commission will be given to us if you use the link in the previous sentence. The book is worth it for you to get it either way!
Photo by katerha
- (Expert Feature) Conformity: The Guaranteed Way To Fail In Business (baybusinesshelp.com)