Reinventing the Wheel

The Science of Creating Lifetime Customers

Chris Zane

$49.99

Hardback

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English

BenBella Books
08 March 2011

Customer services; Sports & outdoor recreation

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.

By: Chris Zane
Imprint: BenBella Books
Country of Publication: United States
Dimensions: Height: 217mm, Width: 146mm, Spine: 20mm
Weight: 386g
ISBN: 9781935618157
ISBN 10: 1935618156
Pages: 240
Publication Date: 08 March 2011
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

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.

Reviews for Reinventing the Wheel: The Science of Creating Lifetime Customers

Chris' practical approach for balancing the art and science of service delivers exceptional customer experience. This book is a must-read for anyone seeking to maximize the value of lifelong customer relationships. --Cody Phipps, President and COO, United Stationers Inc. Chris Zane's Reinventing the Wheel provides insights, proven practices, and anecdotal customer experience vignettes that demonstrate success by having a relentless focus on the 'Lifetime Value of the Customer.' With an ever-increasing competitive market, where products and services are easily commoditized, Chris offers pragmatic approaches to consistently providing the best customer service experience resulting in improved loyalty and brand recognition. --Joe M. Shaheen, Director-General Manager, The Boeing Service Company Reinventing the Wheel is a must and easy read...from a genuine real-life, world-class entrepreneur...who 'hugs' and embraces each customer and turns each one into a client for LIFE! ... Chris openly shares all his secrets of success-- love his stories...a gem in every one of them. Anyone who believes that customer service is central to their business culture needs to read this book! --Jack Mitchell, President, Mitchells/Richards/Marsh and author of Hug Your Customers The first time I heard Chris Zane speak about customer service and creating lifetime customers, it changed my thinking forever. Get ready for a similar experience as you read this book. --Steve Church, Senior Vice President, Chief Business Development and Process Officer, Avnet, Inc. Chris Zane's bold --and practical-- approach to cultivating lifetime customers holds valuable lessons for businesses large and small. Through a series of engaging stories, Chris shares his recipe for experiences that offer more than what customers expect. And he shows us how to build deep emotional bonds, even in the face of material price premiums. A fascinating read and an excelle