Hello all readers!
Based on all the sunshine that we have got during the weekend here in Helsinki, I'm starting to believe that spring really is on its way. As I had all the weekend free, I couldn't resist from just walking around outside and wondering that awesome weather. Also the other joggers seemed to have new energy from the Sun and awakened from their winter torpor 😃 I like! But then, let's have a look of what all I have learnt about digital business and business generally this week. And maybe some other things!
Laurea Game Jams & Business Jams
Monday this week
Aida Hubanic, motivator, mentor and entrepreneur introduced herself to us. Aida has also graduated from Laurea and is currently studying for the master degree. Her work experience is mainly from advertising companies. For example she has been as a project manager for Microsoft, Nokia and Sonera, and currently for OS/G MarCom.
This time Aida had actually come to present us an event called Game Jams,which she participated as a student in Laurea for two years ago. Game Jams have been organized for several years around the world and are a powerful instrument to stimulate innovation in the creation and development of educational games.
To put it briefly, Game Jams is about developing an idea into a potentially innovative solution around specific themes. When Aida participated in the event on 2015, the theme was "Adopting healthier lifestyle", and the event was organized in 9 countries, in 12 different locations. A winner team of the event will be awarded from every location, after which the winner teams will participate in the final event called Business Game Jam in Barcelona. In Laurea all the students participating the Game Jams, additionally get 5 credits.
For Aida's team's big surprise, "Hungry Cells", the application that they invented in the event, actually won the price to participate in the final game in Barcelona. And that's not all; they won the whole game also there in Barcelona. Aida told that their competitive strength was especially standing out from the crowd in many ways. First of all their team consisted of people of very different ages from 20 to 50, and that's why they could come up with very diverse and inventive ideas from the very start. They also stood out by coming from Finland, far north of Europe. It really had impressed all the organizers in Barcelona. Aida's team also wanted to stand out at the different steps of the game; for example they presented their pitch as a rap song and their business model and product box were quite different from the other teams'.
Aida praised the event a lot and recommended to participate it if ever possible. It really sounds like a very interesting opportunity, I think.
Motivation and self management
After lunch break Aida told us more about her own life and some about personal branding and self management. Her family moved to Finland from Sarajevo to escape the war in the 90's. Aida's experiences from the war were really touching and sad, but she has succeeded to turn her past to a strength in her career with the good story.
Aida has also used her life story while doing her master's thesis. She has participated in many kind of projects with many kind of companies during her studies and realized that she has zero motivation to work with somebody else. She knew that she had something in herself already that she can work with and that there must be something that she can do with her personal life story and experiences. In the beginning of her thesis she just wasn't sure where to start and how. So she ended up to make a mind map and analyzing herself. Listing all the things about herself in the map she realized that she is much more than just her education and work experience. Hobbies, the family, all the experiences in your life, they all have a lot of matter to what you currently are. Using the mind map method of herself, Aida happened to develop a tool that can also help other people in self management.
Developing the mind map, Aida turned it into 3 E -puzzles. These three E:s come from words
"explore", "expand" and "execute". In this method you first just put your name in the middle of the paper. Then you go to the:
- 1st stage, which in you find and list your unused resources and unshakable possibilities. The idea is to explore to see who you are and analyze yourself.
- The 2nd stage is to liberating yourself from limitations and developing self growth. You expand your perception of yourself, so that you write about yourself going even a little bit further.
- The 3rd part is to execute, which means that you build your own story and concretise your thoughts and dreams. After finding out and analyzing yourself it's about taking actions and making concrete things. Make a plan based to your story, what is possible to do? To sum up, it's all about exploring your vision and expanding that into actual plan and executing it.
Aida also wanted to remind of taking care of the personal brand. It requires, whether you're online or offline, that you're aware of your appearance, you are active, share your values and create your own brand associations. According to Aida, writing your own story manages you to the right direction, because so that you could get along with somebody else, you first have to know yourself and your own strengths and weaknesses. Get to know why you want to do something and how you do it, learn time management and believe in what you do.
Aida shared with us a very useful motivational list:
- Boost your energy and drive.
- Turn your weaknesses into strengths.
- Change your negative and doubtful mindset.
➸ Learn to give compliments but also to receive ones!
Visiting e-commerce fair
On Wednesday and Thursday we got an opportunity to visit at E-commerce fair in Helsinki. On Wednesday I mainly just walked around wondering the event and tasting some tidbits at the neighbouring Fastfood, cafe & restaurant fair.
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| This eggcup was probably the coolest thing that I found at the fairs on Wednesday. |
However, I also participated in one mini- lecture on Wednesday. It was held on the Shop Stage by a famous, Finnish real estate agent
Kaisa Liski. She was telling her views about good customer service and being a good salesman.
One thing that Liski wanted to emphasize was that the digital support measures alone are not enough to close the deal with a customer. The actual deals are made when meeting customers. Of course it requires that the seller enjoys the sales situations and knows how to win customers to his/her side. It's also important to be aware of that nowadays there are no stupid customers. They are nowadays usually very, very smart and they know exactly how a sales person should act and serve them right. So, don't ever, ever, underestimate the customers, but treat them like they all were your regular ones. Also, don't let show if there's any problems with the synergy or the atmosphere in your company. It's not the customer's issue in any case.
According to Liski, a sure way to a successful trade is to make needs assessment carefully. Ask the customers, what are their needs this time, what do they know about your thing in advance, what do they like about it, what could be better? Make a quick "psychoanalysis" for every customer and know how to serve them all as well as they want you to, even if there are many customers at the same time.
A good salesman can make a comprehensive needs assessment and provide some expert advice. A good salesman doesn't talk about his/her own issues or preferences to a customer, and never shows if is having a bad day or if there's any problem in the organization. Liski sees that salespeople are born to be salespeople, but being a great salesperson is something that you can only practice to be.
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| A good day's dessert in BasBas |
On Thursday I decided to go and listen mini-lectures at he actual E-commerce stage. The first one was from Matti Riivari from
Maestro. His topic was "What undermines the profitability of an e-commerce". So, here the top 4 things to chip away the profit margin:
- Logistics and inventory management. E-commerce storage can be distributed to stores. Picking up of products can also be organized to stores that often are located very well.
- Information costs; including maintenance, modifications and upgrades. More than half of the e-commerce companies use more than 2 different information systems. The bigger the company is, the more the importance is emphasized. This matters a lot especially for a long time operated web stores.
- Double work. Needless double work significantly lowers profitability and it emphasizes as well in B2B as in B2C companies. The process of selling and buying should be written down to Excel, so that it could be seen, what different kind of operations mean to the financial adimnistration.
- Discoverability. 34 % of CEOs and 16 % of sales managers sees the discoverability as a thing that reduces the profitability. This view emphasizes especially in the small companies and in the companies with a short e-commerce history.

According to Matti Riivari, the things worth of thinking and putting into action in e-commerce field are:
- How can you enhance internal logistics operations? Logistics and inventory management are not only transport and shelf rows.
- Count all the costs caused by double work. A large part of it can be removed by an effective overall system.
- Find out what information costs exactly are and centralize the entity.There shouldn't be extra costs!
- Where do you invest in discoverability? Would it be sensible to create a whole new base and stop being found with headwords like "auction".
- Be available online and in street level shops. Customers want to have both and the cooperation brings a lot of benefits.
- If you are a B2B dealer, feel free to move on. The market is about to change, so act in time!
Another lecture was about Resource Bank's cooperation with companies JYSK and Tokmanni. Country managaer of
JYSK Oy and development manager of
Tokmanni were telling how Resource Bank's financial solutions for the customers have promoted their sales. Speeches were quite brief and to the point, so I don't have much more to say about them. I just learned that financial solutions in e-commerce really increase sales and customers' average purchase value.
All in all the whole week turned out to be very interesting, and after this fair experience I think that I got some courage to visit some other this kind of fairs on my free time in the future as well!