“Excitement” Takes on a Whole New Meaning

May 13th, 2013 by

I have been in Bangkok more weeks this year than ever in my life. Things there are really exciting. I use that word cautiously, as a ruby and sapphire buyer. ‘Exciting’ means, in reality, that the wholesale precious stone markets are in a bit of a chaotic state. There is a real shortage of fine quality stones. Demand is very strong, and prices are rising dramatically. This makes my job particularly difficult. Not only do I struggle to find top quality stones, but I then need to be sure that I am not overpaying for them. The only way to find out is to hold firm on my offering prices, and see if the sellers actually refuse my offers. If they do, then I have wasted time and not purchased the parcel that I like; but at the same time I will have educated myself on the reality of the price increases. I guess most people don’t consider that ‘exciting’, but then most people don’t enjoy the hassle of bargaining. (That’s why Shane Co. offers the right price to begin with, and we don’t bargain with our customers.)

Meanwhile, I also have been busy with our jewelry factory here in Bangkok. We are designing a new line of pendants, which will be out in a few months. I have been personally actively working on this line, and it will be unique. I am putting a French flair to it; and expect to generate a lot of excitement when this collection debuts.

We are also busy expanding my Couples Collection, as the demand for these unique styles of bridal and wedding jewelry has exceeded our expectations. We have an entire collection where the lady’s ring (or rings) is unique and feminine, and a man’s wedding band compliments it so people can see the similarities; yet at the same time the man’s ring is masculine and handsome. Finding the right balance is really tricky, and our customers love the tie-in between his and hers, yet don’t feel foolish like they are wearing matching outfits!

One of the unique sets from our Couples Collection.

One of the unique sets from our Couples Collection.

We continue to expand our fashion jewelry business at Shane Co., and I have been busy in Bangkok creating new products for that purpose. Our buying team just returned from Hong Kong, where they were at the world’s largest jewelry show. Besides the product that our own Bangkok factory produces, they buy most of our styles from the leading jewelry manufactures throughout the world. The styles we have in stock now demonstrate the fact that all of this travel and extra effort really does pay off, as our customers keep supporting our family business. And for that, my son Rordan (who runs things in America while I am in Asia) and I remain grateful.

Share on Facebook

My First Mother’s Day as a Father

April 30th, 2013 by

When speaking with my wife recently about booking a Mother’s Day brunch for our moms for this year, it suddenly hit me, she’s a mom now too! My next thought was, and I’m a dad! I know it sounds beyond obvious, but it was a weird realization that in my sleep-deprived state of having a seven-week-old newborn in the house, I somehow managed to miss.

Now I have to plan two Mother’s Day celebrations each year, as if one wasn’t hard enough! Good thing there is more than one meal to be eaten in a given day, or someone’s feelings would be hurt.

So I’m now planning my first ever Mother’s Day dinner with my wife, and already I’ve made my first mistake, right off the bat. As we’ve had scarce time alone since the little man’s arrival, I said to her, “You know what could be cute? Having one of our sisters come over to babysit and going out somewhere nice for Mother’s Day dinner.” I was quickly reminded that that would ‘defeat the point’ of a Mother’s Day dinner.

Such are the growing pains of being a new dad, I suppose.

If anyone has any stories or advice along the lines of the above, I’d love to hear it.

Being a new dad has been such an amazing experience. I’ve never had a two-month stretch close to anything like these have been. It’s been, fun, exhausting, frustrating and educational all at once. We’ve received contradicting stories and advice from essentially everyone we know. I have finally concluded that there is no ‘normal’ time for him to start sleeping more than a few hours at once. No ‘normal’ amount of crying, no ‘normal’ amount to eat. With me being an ‘A’ type personality, this drives me nuts, but at least I have finally come to the realization that the only thing ‘normal’ is whatever he’s doing at the moment. Life suddenly became simpler.

Amanda, our 7-week-old son Hudson and I at a wedding over the weekend

Amanda, our seven-week-old son Hudson and I, at a wedding over the weekend.

So, Happy Mother’s Day to all the new moms, not-so-new moms, grandmas, great-grandmas and moms-to-be. I’m looking forward to whatever parenthood brings, and if the past seven weeks are any indicator of what’s to come, it should be an amazing ride ahead!

Share on Facebook

The Radio

January 4th, 2013 by

I have been asked numerous times to do a blog post on my radio commercials. Whether that means radio message, voice recognition or the overall campaign, I was never certain. So I will attempt to address all of these issues. As many of them are personal, I will apologize in advance for what may appear to be an internal focus!

The concept of the campaign began more than 50 years ago, partly with my Uncle Claude, and partly from a competitor of my father’s, when I was growing up in Cleveland. The beauty of radio helps Shane Co. with the biggest problem that we have as diamond dealers. To quote a price and show a picture, whether on TV or in newspapers or magazines, is tricky to execute when it comes to fine jewelry. A competitor can always show a similar looking item (from the perspective of the print or TV media, not when a human is comparing) and appear to offer a cheaper price for the same thing. In other words, there is no bottom… no restriction as to how low a jeweler can go, in terms of quality. No matter the price, someone can paint a picture that their product is cheaper and of equal value… when, in fact, the quality is dramatically lower. Grading makes it even more difficult, as it creates a false security that a person is comparing equals when, in fact, there can be huge differences in the actual beauty (and therefore the value) of two stones graded similarly.

The other beauty of radio, besides avoiding that ‘price/quality’ cliff, is that I can describe an item that I find really beautiful… and the listener can picture something pretty in their mind as well. With a photo, some will like it and some won’t. On radio, all can close their eyes and picture something pretty.

As to being a personal spokesman for Shane Co.… this is something that I grew up with. During my teen years, our country was at war in Vietnam. There was a backlash against big business, as the public was somehow mistakenly convinced that big companies were profiting from that war and therefore keeping the war going. Regardless, big was bad, and small companies were in the public’s favor. So, the more I projected our image like that of a small company, rather than a big business, the more popular our image was.

As to the process of determining what to say on the radio, I follow our core philosophy of listening to the customer. From our stores we hear about issues that customers raise, which then gives our marketing people the ideas of what to discuss. I receive from them ‘scripts’ dealing with those issues. I use the word ‘scripts’ loosely, as ultimately I rewrite them and use my own wording. But the ideas themselves, the actual topics, must originate from our customers.

One strength that I believe I possess is an understanding of how the human mind listens to the radio.  Unlike written conversation or normal oral conversation between two people, radio is heard differently, and therefore impressions are made differently than what would otherwise be normal conversation. I understand that people don’t pay a lot of attention to what the message is actually conveying (except when they are specifically interested in purchasing some jewelry). So I try to word the sentences so the impressions will be clear, not confusing, to the casual listener. I try to have the points that I think will register in the mind of the listener be applicable universally (not just in this one message). I don’t want to sound like a car salesman kicking tires, but rather as a knowledgeable person in this arena, offering legitimately good advice. ‘Being a friend’ can sound corny, but there is a certain validity to that message as well. And we are sincerely trying to help.

As to my voice, I try not to be too boring, or too strong. I must confess, last week a customer wrote to ShaneCo.com asking if I was the voice who recorded a tape on relaxation/hypnosis some 20 years ago, as he has such a tape and claims the voice sounds like mine. I was less then flattered, but all my life I have had friends confess to hearing my voice on the radio and pushing the button right away to change the station. My issue is not to brag that I get people to push away from me; but rather that they immediately think of our company when hearing my voice, and pushing away means that they don’t have any interest at that moment in jewelry. The flip side of that issue is that, when they are in the market for jewelry, they listen attentively.

While radio is but one form of advertising, I think the best way to look at my role is as a marketing leader of the company. I have no affinity to radio, or to using my voice or my ‘personality’. I try to focus on the customers, and to read what ways we can connect with them. As communicating with today’s customer has radically changed from the ways in which we would communicate with their parents or, going back before my time, my father or grandfather would communicate with their parents and grandparents, the key issue is to remain relevant to the customer.

I can be in a recording studio executing what I believe is relevant to our customers today. Or I can be sitting in my office in Bangkok or my office in Denver, doing the same thing. On a personal note, it is not so much fun having a voice that allows strangers to pull you out of a crowd! My ego is overshadowed by my desire for privacy, and I guess my friends are grateful that my desire for privacy forces me to close my mouth from time to time!

Our radio campaign is the longest continually running advertising campaign in the history of radio itself, so it must work. We have competitors in many of our markets who copy my campaign, to the best extent that they can. What most don’t realize is that our customers think less of them for doing so, as they assume that their products offered in their stores are also less than original. But leadership in any industry brings on a lot of ‘wannabes’, and we are proud to be the market leader. Part of that leadership position is attributable to the radio campaign, and for that I am grateful to radio.

Share on Facebook