WATCH THIS! | Seth Godin on Leadership vs. Managers

I tend to read, listen and watch a lot of content on inspiration. Articles, books, podcasts and videos that I count on to teach, motivate and change the way I go about things. Every once in a while I come across something that transcends being useful and truly manages to be moving, this video from Seth Godin is one of the best I've seen.

There is so much change coming our way and taking the 7 minutes to watch this video just might help you find the clarity needed lead your business where it needs to go. I truly found this moving and I hope you do as well!

Read more Out of Industry News at the Gen-Next Jewelers website

Jewelry and The Oscars | From Cindy Edelstein and Many More!

Screen shot 2011-02-28 at 10.18.56 AM

 

Amy Adams' Cartier emerald and diamond wrap necklace and a 30.75-carat carved emerald and diamond bracelet-watch worth $1.025 million...... great jewel, but universally thought of as a bad choice with that neckline.

 

See more coverage from our friends:

 

Screen shot 2011-02-28 at 10.21.39 AM

Screen shot 2011-02-28 at 10.38.47 AM

Screen shot 2011-03-01 at 12.48.07 AM

We've been loving all of the Oscar Recaps and wanted to share several of our favorites with you all. Thanks so much to Cindy Edelstein, not only for her thoughts on the glamor (or lack there of) at this year's Oscars, but for taking the time to link to several of her favorite recaps!

We also found a few more posts on some of our favorite jewelry blogs at The Daily Jewel, National Jeweler and Jewelry Whore.

Thanks again to Cindy for a wonderful wrap up and for pointing out all of these excellent resources for how the jewelry world did at this years Academy Awards!

Read more Jewelry Industry News at the Gen-Next Jewelers website

A VERY Comprehensive List Of The New Off-Price Online Websites

Gilt.com was born. Credited with being the first members-only online sample sale (or Flash Sale) site --- it was modeled after the French site Vente-Privee.com --  within six months there were a handful of competitors, like:

Rulelala.com

Ideeli.com -- offers fashion, accessories and travel and brilliantly partners with other entities like Bravo TV's "Launch My Line", Mercedes Benz NY Fashion Week and coming soon, The O Shop -- a section of the site that is curated by the experts at O, the Oprah Magazine. ["And if getting your hands on finds from O, the Oprah Magazine, wasn’t enticing enough," says their blog, "if you spend more than $200 at the O Shop, you’ll receive a $50 ideeli credit to spend anywhere on the site. You don’t have to rack up the $200 on the O Shop all in one day  – you can keep returning while it’s open for 2 weeks to earn the credit."]

Beyondtherack.com

HauteLook.com

EditorsCloset.com

BillionDollarBabes.com

Modnique.com

Swirl by DailyCandy ~ showcases just emerging fashion designers

DDPush.com ~ has an LA-centric slant on designers

gomattaGirls.com ~ wins for oddest marketing ploy: Mafia girlfriend chic!?


These sites all sell luxury and/or fashion goods at discounted, closeout pricing.


And of course a good trend begets more ---

RowNine.com is very jewelry heavy -- thanks to the parent company, jewelry e-tailer lussori.com  which also runs vialuxe.com --  with a few other luxury items sprinkled in.

Totsy.com for kidswear

Zuilily.com for babies and kids

OneKingsLane.com for housewares

SnappyTuna.com for kitchenware 

Bulx.com for furniture and high-end home improvement items (!)

beautystory.com for beauty products

Reebonz.com for European fashion and furnishings (it's an overseas company yet they ship to US free but includes VAT in the checkout)

LuxuryHut.com (Canadian but has US distribution center so it's no matter)

Jetsetter.com for travel deals (a division of Gilt.com)

JackThreads.com for street/skate fashions (mostly male)

Biva.com  offers mostly fragrances and accessories

BBOSPrivateSale.com  which is the flash site for new and previously owned luxe items from Bag, Borrow or Steal (now called Avelle.com) which still offers "luxury goods for rent" -- a concept that has come and gone.

Our good friend Cindy Edelstein has compiled a very detailed list of all the new websites that have entered into the off-price arena. It is an amazing resource and a big thank you to Cindy for both compiling it and for allowing us to repost it here.

In addition to a great reference tool, she also raises an interesting question... Will people continue to pay full price in a world off off-price websites like Rue La La, Gilt Groupe and Groupon.

While I know this is a sensitive topic, I am a big believe that as long as brands are smart and cautious they will be able to balance clearing out dated inventory while continuing to create interest for newer products at full price. Bargain shoppers and the wave of online sites that are popping up to service them are not going anywhere anytime soon, but there is still another kind of consumer who is looking for what is new or has a very specific need that they are willing to pay full price for.

I spoke at length on this controversial subject in my article in the September issue of JCK Magazine, but would love to hear your take in the comments section.

Thanks again to Cindy Edelstein for putting all of this effort into what I am sure will be a growing list. Be sure to visit her site to read her full post.

Read more Jewelry Industry News at the Gen-Next Jewelers website

The (social networking) world according to Gordon - From National Jeweler

America's Best Jewelers forum

The (social networking) world according to Gordon

By Michelle Graff
July 06, 2010


Oklahoma City--Dan Gordon is a retail jeweler who also maintains a blog, controls two Facebook pages, manages a duo of feeds on Twitter and regularly visits sites that are foreign to social-media neophytes, including Blip.FM, Daily Booth, Foursquare, FriendFeed and Gowalla, among others.

 Feel intimidated by what one of the industry's most prolific social media experimenters is doing? Don't.

 Retailers who have yet to open a Facebook account need not compete head-to-head in the social media space with Gordon, chief executive officer of Samuel Gordon Jewelers in Oklahoma City. But they may want to consider how building a social-network-savvy brand, à la Gordon, might help their businesses.

  Gordon's first rule of thumb? Don't get into social networking unless you have an honest interest in socializing. Social media sphere inhabitants are there to connect and converse, and they will see right through a retailer who is there to sell.

 "People are so smart these days--there's no hiding or tricking or lying," Gordon says. "You have to make a decision that you're going to go fully into this and you're not looking for anything in return."

But will accumulating friends on Facebook and followers on Twitter bring results to your business?

"There's no way you can't," Gordon says.

'Brand me first'
One of Gordon's first steps into the social networking world was a bit of a stumble. Knowing only that he "needed to get involved" in social networking, the jeweler created a personal profile page on Facebook instead of a fan page for his store. When Gordon realized his error, however, he kept his personal page, deciding to "brand me" first, he says.

This turned out to be a smart move. Establishing ties as an individual first builds trust for a business.

Gordon's decision to reach out on a personal level did not go unnoticed among industry peers, including Ben Bridge Jeweler's executive assistant and self-proclaimed social media evangelist Veronica Wei Sopher, better known to Twitter users as @benbridgegirl.

 "I love the way Dan has really built a great persona online and connected with people on a personal level before he started doing business promotion," says Sopher, who followed his example. "People want to know that you've heard them first. Over time, they get to know that you're not just a logo. There's a person behind that brand."

 For Gordon, that meant posting a personal profile photo rather than a store shot, adding family photos, links to intriguing online articles and, occasionally, pictures of jewelry, like that of a beer stein-shaped ring that caught his eye online.

"I started realizing that if I post photos of unique things that I don't carry, it gains credibility because [people] know 'He's not trying to sell me that,'" Gordon says. "I'm just sharing what I like, and as a result, you gain trust."

 While building his personal Facebook persona, Gordon also migrated to micro-blogging site Twitter as @dangordon. There, his "followers" view Gordon's message "feeds" of 140 characters or less.

 "Facebook is a more guarded platform," he says. "I think with Twitter the push and the inclination is to be open because you're meeting new people. I think in different ways, they're equally important."

Bye bye, billboards
After he gained a strong personal following in social media, Gordon decided to launch the official Samuel Gordon Jewelers Facebook fan page and Twitter account, @samuelgordons. When the fan page first launched, one of the first 500 Facebookers to "fan" the store won a gift certificate. The promotion was repeated with the next 500. As of press time, 3,100 people are fans of, or "like," the page.

 Gordon says some might argue that the number of Facebook page fans or Twitter followers pales beside a TV commercial audience, but he disagrees.

"When you drop this little seed on all these people's pages, even if just 10 percent of their friends see it, then that's a lot of people," he says. "It's endorsing you and it's putting your name in front of eyeballs without paying for it."

Gary Gordon, Dan's father, a four-decade industry veteran, says that as a young man, he was "the classic counter guy," forging long-standing relationships by waiting on customers, running newspaper ads and mounting billboards. Now, he estimates that social networking lets his son communicate with an astounding 5,000 to 10,000 people a day.

 If that sounds crazy, do the math: At press time, Gordon boasted 4,328 friends on his personal Facebook page, 3,100 fans on the Samuel Gordon Jewelers page and 3,200 people following him on Twitter, both as @dangordon and on the store's account, @samuelgordons.

That doesn't even take into account Gordon's other online activities, including the store's blog, nor the friends of friends he reaches on Facebook.

 Gordon's online reach is so vast, in fact, that it has prompted the family-owned, 106-year-old store to almost completely abandon traditional advertising save some print ads in the local newspaper and country club publication and perhaps some radio and TV spots for the holidays. Despite this, the store isn't hurting for fresh clientele.

 "We're seeing new faces like we never have before," Gary Gordon says. "This is all because of [Dan's] presence on the Web. It's a very welcome, healthy way to promote our business. It's absolutely a wonderful thing."

 A multi-tier plan
Before jewelers take the social media plunge, they need to clearly define what they want to gain from the experience and how it ties into their store's larger goals, says Gordon, who mapped out a multi-tier plan for capitalizing on his social media efforts. The plan includes launching e-commerce on the store's Web site, polishing up the Facebook fan page, aggressively pursuing e-mail marketing and installing an in-store customization program, such as Stuller's CounterSketch Studio, to simulate the online experience in-store.

 "You can customize your Nike shoes [online] now," he says. "That is just something that has been completely non-existent in our industry."

 The final step in Gordon's master plan is to hand off some of his social media responsibilities so he can concentrate on the next steps. Gordon says he has a tech-savvy and trusted employee taking over the Samuel Gordon's blog, Twitter account and Facebook fan page.

This well-groomed understudy, of course, will get a proper introduction, and no one seems too worried about Gordon's followers accepting a new man-behind-the-machine now that he's spent the past several years making a name for himself in social networking while gaining the trust of thousands.

 "Daniel's carved out a reputation in the industry with this, there's no doubt about it," Gary Gordon says.

Tips and tricks for social networking

  • Relax. Use Twitter as if you are having a one-on-one conversation. "Talk as you would if someone were standing right there with you in real life," Dan Gordon says. "Don't try to act a different way because you're representing your business."
  • Respond. One of the biggest mistakes jewelers make is to send out Twitter feeds or update their Facebook status but never interact afterward. Dan Gordon recommends retailers set aside time to respond after they post a photo or link that could inspire conversation. Don't just post it and log off immediately.
  • Listen. Gary Gordon says that even jewelers who lack a next-generation social networking whiz can consult younger salespeople or bring customers in for a roundtable on social media usage. "There's a way to get into it, you can be my age and get into it," he says.
  • Share. Want to post links to interesting but relevant articles on your Facebook page or Twitter feed? Use a service like StumbleUpon or Digg to help you find them.

Editor's note: This story first appeared in the June 2010 print edition of National Jeweler.

A great article from Gen-Next Jewelers Executive Board Member Dan Gordon on the current state of Social Media and the Jewelry Industry. A great look at what you can hope to accomplish online with some savvy suggestions from Dan on how to get there.

Read more Jewelry Industry News at the Gen-Next Jewelers website

You don't need a social media strategy - From Sanders Says

"You don't need a social media strategy - You need a brand strategy that leverages social media.  Don't get off the brand strategy just because there's a new communications channel, that's how you lose the plot as a brand.  Technology is the tail, not the dog." 

Wow.  He's spot on.  I saw this back in '97 when companies had to quickly create an "internet strategy," often wasting tons of money on agencies, consultants and painful meetings.  What they eventually realized, was that they needed to integrate this new communications channel in their brand promise/fulfillment approach to their customers.  Those that did, succeeded wildly in the coming years.  

So here's the takeaway: Don't let social media glam you out, causing you to waste time and money on 'keeping up' - Confirm your brand promise and how you fulfill it, and find ways that social media can complement it.

I don't have much to add to Tim Sanders' points about not getting distracted by Social Media, but rather figuring out how to leverage these tools to help you meet your current goals. The only thing you may want to consider is if you are implementing Social Media before you've created the brand strategy.

Right now, I know that many of us in the jewelry industry are scrambling to figure out how Social Media is going to affect the way we handle marketing. Tim suggestion is an important reminder to ensure that these efforts are not taking us away from our goals, but that they are helping us meet them.

I've said it before, but I am a big Tim Sanders fan and wanted to share a key point from one of his recent posts. His book Love is the Killer App is one of my favorites and shows you some of the best ways to help yourself in business by doing more to help others. You can read more of Tim's posts on his blog, Sanders Says or click the link above to read full post.

Read more Out of Industry News at the Gen-Next Jewelers website

Check Out The Gen-Next Jewelers Column in JCK Magazine - Social Climbing!

Social Climbing

By Michael Schechter

This story appears in the June 2010 issue of JCK Magazine.

How to Tweet, Friend, and Blog Your Way to Bigger Business

In this day and age, the two most common words on every retailer’s lips are social media. There’s a lot of talk out there, but are you truly taking advantage of the opportunities afforded by this technology? Research shows that consumers using these tools tend to be 25 and older (surprised?) and affluent—folks you literally can’t afford to ignore. With nearly 500 million users, Facebook is a logical starting point for many jewelers. But to truly succeed in online marketing, you need to leverage other outlets. Below are a few suggestions on how to get the most
out of them.

Schechter ­suggests checking out ­Verragio (verragio.com) and Samuelson’s Diamonds (baltimorediamonds.com)—two sites that do it right.

Twitter

While Facebook is useful for informing current customers of the latest happenings (sales, new arrivals, in-store events), Twitter can help you acquire new leads and make connections. On Search.Twitter.com, you can tap into the local sentiment, find new customers, and discover what people are saying about your business. By searching relevant keywords like engagement rings, jewelry, and diamonds, and inputting your local information using the advanced settings, you can cast a wider net to reel in a whole new set of potential customers.

Foursquare

This service is a bit ahead of the curve, but sharing your location with a select group of friends is the latest trend in social media—one that potentially holds a lot of relevance for local jewelers. Geolocation, as it is called, lets your customers announce to their inner circle that they are shopping in your store. Consider creating offers to encourage word-of-mouth marketing and to reward loyal customers for referrals.

A Company Blog

Technically, this isn’t social media, but it’s essential to have a hub on your website that you can quickly update on your own without the aid of a programmer. When it comes to search-engine rankings, Google loves fresh content, and a blog is an easy way to add keyword-rich new stuff to your site. Use your blog to reach out to your customers. Offer them resources to aid them in decision-making; share the expertise you and your staff have worked so hard to acquire.

Measuring the impact of social media on your business can be tough, especially if your efforts are limited to one site. Take the time to find the best tools for you and your customers. Also, keep in mind that social media is conversational. Once you make connections, tread lightly. Go out of your way to impart your expertise, but don’t overwhelm. Once you find those new customers, the last thing you want to do is to push them away.

Everyone here at Gen-Next Jewelers was very excited to be included in the first issue of the newly reworked JCK Magazine. Considering that Social Media is top of mind for the jewelry industry right now, it seemed like a fitting place to start. JCK has decided to continue our column, so be sure to check next month's issue for a look at how fashion can make a difference in your jewelry business.

A big thank you to the team at JCK for including the next generation of jewelry retailers and manufacturers in the magazine and congratulations on a beautiful relaunch!

Read more Jewelry Industry News at the Gen-Next Jewelers website

We're the same, we're the same, we're... from Seth Godin

Take a look at just about any industry with many competitors--colleges, hotels, sedans, accounting firms (especially accounting firms)...

The websites bend over backwards to be just like all the others. You can't identify one hotel website from another if you delete the name of the hotel (unless there's a beach or a snow-capped mountain in the background).

Sometimes, we try so hard to fit in we give consumers no choice but to seek out the cheapest. After all, if everything is the same, why not buy what's cheap and close?

How about a site that says, "Here's why we're different." And means it.

These days, when the jewelry industry's conversations turn to ecommerce, it often tends to become a challenge of price. Local jewelers often mention that it is impossible for those who run a local store and a staff to compete with the prices of strictly online vendors like Blue Nile. With this in mind, I really connected with Seth's point about differentiating your store and your site to pull the conversation away from "who is the cheapest".

Mostly this post is food for thought, but we'd like to know what you do to differentiate your jewelry store or brand both on and off the web in the comments section.

If you are not a reader of Seth Godin's blog and books (especially Tribes and The Dip), we strongly recommend you start!

Read more Out of Industry News at the Gen-Next Jewelers website

A Fascinating Look At The Numbers Behind Social Media | Six Pixels of Separation - Marketing and Communications Blog - By Mitch Joel at Twist Image

Yesterday, Erik Qualman (the author Socialnomics) released an updated version of his very popular YouTube video on Social Media stats titled: Social Media Revolution 2 (Refresh).

Here are some of the more interesting Social Media stats:

  • Facebook tops Google for weekly traffic in the U.S.
  • 1 out of 8 couples married in the U.S. last year met via social media
  • Facebook added over 200 million users in less than a year
  • iPhone applications hit 1 billion in 9 months.
  • The fastest growing segment on Facebook is 55-65 year-old females
  • Generation Y and Z consider email passé - some universities have stopped distributing email accounts
  • The #2 largest search engine in the world is YouTube
  • There are over 200,000,000 Blogs

Social Media can be a challenge to keep up with here is a great video that will help you understand why this shift in the way we communicate is so relevant to those of us in the jewelry industry.

If you are looking to learn more about Social Media, you may want to check out Erik Qualman and his book Socialnomics it is a great place to get started.

If you prefer the short version, the video above is ideal to show you just how important the web has become to all of our businesses.

Thanks to Mitch Joel at The Six Pixels of Separation Blog for sharing this video!

Read more Out of Industry News at the Gen-Next Jewelers website

Why jewelers shouldn't get into e-commerce - From National Jeweler

Let me explain why selling online would be the equivalent of selling our souls. First, if we begin to train our customers that it is just fine and acceptable to buy online, we will eventually be sending them to the lowest-priced online retailer, and we jewelers are not all designed to be that low-priced operation. Simply put, if you list prices on your sites, you will be pushing customers away and never know it. Online shoppers will visit your site, see your listed online price and obviously find a lower price somewhere else. Since you have already convinced them that buying online is just fine ... most likely they will buy elsewhere.

Being on the manufacturing side of things, it can be hard to have an informed opinion on what is best for the independent retail jeweler. Now that I have that disclaimer out of the way, I want to comment on this recent National Jeweler article and ask for your feedback. I may be way off base here (which is why I would appreciate some informed input), but I tend to utterly disagree with a lot of what is being said in the article.

The assumption of the article (you can see a sample above or click the link to read the entire piece) is if a local jeweler sells online, they are encouraging their customer to only buy online and are entering a pricing game that they cannot win. Inevitably this will move your customers away from your store and towards an online competitor. If all you are doing is putting your products on a website, he has a point, however the independent jeweler has a major advantage... service.

While online offers convenience it is rarely met with the customer experience and customer service you find in local retail jewelers. That point of differentiation can go a long way towards encouraging your customers to stick around on your site rather than searching for a few dollars off on an inferior experience.

Are there going to be customers who care about price and price alone? Of course, but only allowing them to shop in your store will only guarantee that those customers end up buying online from the more affordable option. The opportunity lies in extending the experience and benefits found within your store to the web and ensuring that the consumer knows what they are getting for their money.

I could be dead wrong here, but I'd love to hear your thoughts on the future of how retail jewelers can (or perhaps should not) harness the opportunities on the web.

Read more Jewelry Industry News at the Gen-Next Jewelers website

The Relationship Behind the Sale - From Danny Brown

Sales is Service is PR is Service is Marketing

People are emotional beings. We live by how we feel; act on how we’re acted upon; respond to how we’re treated. All our decisions are based around our emotions, which is why we’re emotional marketers.

Think of any business transaction you’ve had as a customer. The best ones will remain in your mind for all the right reasons, and chances are you’ve made repeat purchases with these vendors because of your user experience. The bad ones? They remain with you too; but your business doesn’t.

Danny Brown is a blogger that I have a lot of appreciation for, he was extremely patient with me as I was figuring out what the web meant to our business. I've spoken with Danny online often and over time have even come to think of him as a friend. Recently Danny had to take some time off for health reasons, but is finally feeling a little better and getting back in the game. His first post back after a multi-month absence is phenomenal and more importantly is extremely relevant to all of us in the jewelry industry.

His focus has always been on community and the impact it has on businesses. This is something that has always been important to the jewelry industry and I hope that this short teaser from his full post encourages you to check out his site, read the full post and take a deeper look his insights into community marketing. Glad to see that you are back at it Danny!

Read more Out of Industry News at the Gen-Next Jewelers website