Stingy Is Not Cool

Last Update: September 17, 2010

Not intended to be a rant, but an example of cause and effect and what happens when you leave out an important ingredient for building a relationship with your customer. This is an important one to bear in mind as you grow your business.

Don't be afraid to be generous.

Very risky to be obnoxiously stingy in business.

Stingy can be obnoxious and alienating. It's wise not to get too much on your customers' nerves, if you can help it. That is, unless you are Don Rickles, who has raised obnoxious to a fine art.  Or Jack Benny, who made "stingy" funny. But that's satire, not real life.

Wait. Are you too young to know who these guys are? They are, "were" in Jack Benny's case,  classic old time comedians who capitalized on being curmudgeons. If you're an old movie fan, then you've probably run into Jack Benny a few times.

If it's important to you to be obnoxious, then you had better be funny at the same time and maybe you'll get away with it. "Maybe" is the operative word, because maybe you won't get away with it. Takes a lot of charm to be like this in business and retain your customers. Either that, or you'd better have a product people can't live without.  Remember the old Seinfeld sitcom and the character they called the "soup nazi"? Despicable character. He got away with being obnoxious because his soup was just that good. People put up with him just to have his soup.

I do business with a local merchant in town, and have been patronizing this merchant for years and years. I bring this merchant lots of business, as does my family. We're great customers, and we're loyal. This merchant gives NOTHING away! I bought some wilted, straggly petunias from her last season, only because I needed to complete something I was planting. I brazenly suggested that she give me the plant in that it was end of season and the plant  was in dire need of resuscitation. I'm sure she either had to put it back in the nursery or throw it out. She charged me full price and I paid it because I wanted to finish my planting.

Was she victorious? Was that smart? Absolutely not! She had an opportunity to build "good will", and she missed it. She added one more occasion to my list of offenses and stingy doings. This woman won't even give you a grape to taste. I made a request of her today, which was actually generous on my part, and would have benefited her and it would have cost her nothing. Because she is so accustomed to being tight and so afraid of "giving", she blew it. I really do have a sense of humor, so I laughed it off. But guess what? Too much stinginess. She lost a customer. Was it worth it?

This person has an otherwise beautifully run business. Excellent product, hence, the reason I patronize her, no, "patronized" her.

I believe in giving, period. In business, you give a little to gain a lot. And most importantly, do not offend your customers, especially your loyal, return business customers.

Over the Internet, it's hard to charm people enough to justify stinginess. And you can't flash your dimples either. So, you'd better build good will by giving something away. There is much to gain if you remember it's important to give too.

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Labman_1 Premium
This can work for IM as well, I signed into a list, Yup we gotta do it. Got an e-mail from an auxilliary affiliate or another siimilar product. Liked the hook. Liked the video, then went to check out the freebie. Well, before I got the freebie I had to sign up for 2 more lists and wasted my time with 2 videos and then got to the freebie and was seriously unimpressed. Guess what. Went back and unsubscribed right away. Lost me before I ever got to the offer. Hmmmm, is this happening to you when you follow the guru's advice. These Gurus are supposed to be slick marketers but I'm getting the feeling that these marketing techniques aren't producing so much as frustrating those that are really interested.
reefswimmer Premium
Actually, I think you liberated a very aware petunia from this lady. The plant was wilting by being around her. So there, flower merchant, ! The petunia got away.
This post, along with the one just prior, are from the same cloth huh, How do we know people who are trustworthy enough to do business with. Especially tricky on the Internet. And especially important.
For what it's worth, I've been there, done that-----both on the Internet, and in face-to-face life. Just writing it here, makes me remember a few online, that I had managed to pretty much forget.
Now, of course, I am rooting for you with these two merchants, and I look forward to hearing how they work out over the next months.'
Be well, good friend !
Diane, reefswimmer
AndreErasmus Premium
Funny you posted this today. I just received a letter from our local gym with the intention of taking my 10 year old daughter to court for outstanding fees, but they won't if she take out another contract with the gym. Haha, we've cancelled her contract months ago and don't owe them a cent but typical Africa nobody seems to have cancelled this contract. Strange marketing technique - this crowd will phone you everyday to sell but they forget to look after existing customers. They've just lost my whole family's business so there.
jatdebeaune Premium
Haha, I'm an old movie buff and love all the road movies with Bob Hope, Bing Crosby, Jack Benny and Dorothy Lamar. Don Rickles is now 85 and very outspoken politically. He says anything he wants. And I'm not that young, but thanks.
famousplumber Premium
Yes- to give is to receive! You don't look anywhere near old enough to remember Benny and Rickles!
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