I am sometimes amazed by the relative values people attach to things. Case in point: corporate websites.
I
recently had spent a serious few hours thinking about value in the form
of perception. It’s one of those intangible “things” people have always
(and will always) struggle to label with a concrete value. In the
corporate world (where businesses are owned by those who don’t have a
clue what these businesses are really about), ROI is king. It’s all
about investment, and how much you can get back. People often couldn’t
care less whether the business they’re investing in actually has a
future, or more importantly, whether it actually adds value. Sure, the
market (and its invisible hand) is supposed to correct things over
time, but it’s still only about the money.
The
question becomes: how do you quantify perception of the business, and
more importantly, positive perception. People try, and that’s when
“goodwill” starts popping up in balance sheets and annual reports. It’s
however largely guessed,
and often by people much less intelligent (but more qualified
financially) than you or I – and with that I’m not negatively accusing
anyone (or presuming your intelligence as a reader…).
Still, without even getting to the measurement part, another question could be: how do you create this goodwill?
Does
it make any difference whether a prospective client/investor/other
stakeholder’s first impression of the business is positive? If the
business comes across as professional during the initial contact, does
it create value? Even better still, hah, does it create shareholder value?
You
might have deduced that I’m referring to websites as first points of
contact. In many cases, they are. Many people do their first phase of
information-gathering on the web, and this percentage will probably
only increase in future. Which makes the web an increasingly important
medium with which to create positive first impressions. Maybe it’s just
me (the obsessive perfectionist that I am), who gives a damn about
clean and functional presentation. Maybe only I care that colours are
pleasing to the eye, that concepts are brought across effectively
through paragraph structuring, and that grammar style and tone
communicates the business/individual’s message to me in the best
possible way. Hey, I could be delusional…
Sometimes
I think I am. Like when I get people complaining that my services are
expensive. Realistically, and comparatively, they’re not at all. But
that’s the perception, because people often don’t understand the
difference that attention to detail makes. It takes time, but it shows.
I’m willing to go out on a limb and guess that the most important web
visitors (and the most intelligent) notice attention to detail, and
that it impresses them. Chances are they accordingly associate this
with the business, and that’s where the value is created (however vague
and possibly weak this value chain link might be). If they decide to do
business because of the positive impression, the value’s clearly there.
But not measurably…
People
like measurability and tangibility – take the vehicle market as an
example. The amounts people (and South Africans specifically) spend on
new personal automobiles never ceases to amuse me. It’s often pointed
out, but is inevitably accepted as normal again after a while. A new
Mercedes Benz C-Class or Audi A4 does not, in my humble opinion,
warrant a R350 000 price tag. No matter how safe/luxurious/fast it is.
Sure, looked at in digestible monthly payments, it doesn’t seem that
expensive, and that’s exactly the point – people don’t perceive them as
high-end vehicles. They’re just cars that young executives should/can
drive, right?
How much wealth can a new mid-range luxury German automobile generate for you? None. It is wealth? Nope, sorry, it’s actually just an expense, and will inevitably
be worth nothing eventually. How much does it cost? OK, how much does
that precision website cost again? Only R16 000?
My
point? It’s a tough battle to fight, convincing the world that real
value can exist in intangible forms. I for one believe it can, and will
continue to believe so.