LIVE CHAT WITH MIKE GEORGE
Transcript from Monday, August 20 online chat session QVC: Welcome to our online chat with QVC President and CEO, Mike George. This is your chance to find out about the person who leads the team responsible for making QVC your favorite place to shop. The chat will begin shortly, so start sending your questions now. Then sit back and enjoy a fun and informative hour with Mike. Mike George: On December 1, 2006, I held my first-ever Live Chat on QVC.com with our customers. The hour flew by so fast, and even though I was able to answer 36 questions from some enthusiastic shoppers, I was anxious to answer even more. That's why I am excited about the opportunity to do a second Live Chat with you today. If you missed my first Live Chat or you're a second-time participant, I invite you to join me now and ask me about what's on your mind as a QVC customer. Sherry: Hello Mr. George. First, let me say that I love QVC people and products. I want to know if you will be using the return method of using a prepaid label such as other on line companies? Updated, September 26, 2007: 1. Fill out the online return form. Be sure to specify why you're returning the product, and if it's an exchange or refund. And don't worry - if you happen to misplace your label, you can print another one! Milo: Upon reviewing some of the customers' reviews, some jewelry items have quality control problems. What can be done about this? Milo: (1) What is the most challenging aspect of your job? (2) How do you determine schedules for the hosts? I had difficulty sending them emails also. The second most challenging part of my job is determining the host schedules. There's no magic formula here. We pay attention to what products the hosts enjoy selling. We pay attention to trying to make sure our hosts have a balanced work schedule. We want to make sure that the hosts have an appropriate amount of time off-air to balance the time they spend on-air. For every show that a host leads, they spend about 4 to 5 hours in advance of that show preparing, learning more about the product and the guest. So, it's important that we always rotate hosts and give them enough time to prepare thoroughly for each show. Anne's Desk: Would you please show on screen or have the host state where a product is made? Moxiebell: Why can't the postage be reduced for multiple orders, like a shopping cart, perhaps? We do work hard to keep our total shipping costs as low as we can. We do not pass along to the customer the full cost of shipping and handling. We have also kept our increases in shipping rates below the increases that come from our carriers. We recognize that shipping is an important part of the cost for our customers and will continue to work hard on ways to keep those costs as manageable as possible. shopper917: Another question I would have is if you're considering a show dedicated to cruelty-free items? Many of your retailers are cruelty-free and I'm sure they'd love to have a showcase for that. Eve: How many different products are presented in 24 hours? And who decides what should be presented? Joanne: Can a permanent 2 hour evening spot, such as 5-7 pm, during the week be for food only? QVC has the best food supply and it would help all of the U.S. if it were on a permanent schedule. Beth: What's your favorite item on QVC? the one and only me: Is there any way that you can do something to keep our orders from staying in process for up to a week at a time. I expect faster shipping than this. Debbie: Why does QVC not implement 6 easy pays for big ticket items like computers or televisions? Mary Colette: I would love to see QVC offer a tiered discount program to loyal customers. It would be much like the department stores and chain stores offer where a check is attached to your monthly bill . The dollar amount would be based on your total sales within a specified time period. Any chance of QVC offering a program like this in the near future, esp. since the holidays are right around the corner. Thanks for your consideration. Grey Walker: Is our information secure when entered on QVC.com and the bulletin board? Cheryl K: First, I LOVE QVC shopping! But, with shipping charges increasing as they have, I would love to be able to order all day, and then have one transaction at the end of the day, or even the next day, with one total and one shipping price. Is that possible? Irma: I used to be able to change auto-delivery online and that option no longer exists. Some items just arrive too soon for a single person. Thanks! Grey Walker: Does QVC plan on targeting men in the future? I'm a guy myself and would love to see some guy-oriented shows. I also encourage you to look online for men's products. For example, we have a great watch product line and several apparel lines as well. As these products do well online then we'll look for opportunities to turn these into TV programs. And of course, we have a broad range of products from food to consumer electronics that appeal to both our men and women customers. shop QVC online: Have the ratings been helpful to your QA department and product developers? They help me. Occasionally, we do find a quality program that we somehow missed in the original inspection, and of course we immediately address it. Occasionally, we also find that the ratings reflect the fact that we may not have provided a full, clear explanation of the product and its uses on the air. So, we go back and re-examine how we sold the product and identify ways to provide better information on-air and online so the customer isn't disappointed. Barbara: Does QVC only present products that are from "famous" people, or food products? I sent you this question just before 10:00: My friend went to a seminar and was told she had 5 minutes with QVC and when she got there QVC told her they were not interested in her because she is not famous. Dee: I've been a member for a long time. It seems that the quality of the products has suffered a bit over time. I find I'm returning more items than I used to due to their quality. Why is this? We've actually worked hard to increase the level of quality protection inspections we do. And over the last several years, our return rates have fallen by several points, which I believe is a reflection of improving product quality. However, when we ship 160 million packages every year, we make mistakes and it's our responsibility to find those mistakes and fix them. So we don't let customers like you down. Jackie529: I was wondering if you could start a wish list on your website instead of just the save list, because things are automatically deleted after so many days. It would also be nice to be able to e-mail the wish list to friends and family for gift ideas. ritupm: Hi! Am a long time customer of QVC from the Bay Area, CA, and would love to move to PA to be a show host on QVC now. Any suggestions? :) Shari: I loved the 50 in 50 tour, which was what initially got me started shopping with QVC. I'd love to see it again, and I bet many other viewers would agree. For example, in conjunction with Oprah Winfrey, we traveled to three different cities this past spring and tried out thousands of new vendors with innovative ideas. We've been doing the same thing with an organization called Make Mine A Million, which is focused on helping women entrepreneurs develop million dollar businesses. So, in short, we're always trying to find opportunities to get to different markets and meet both customers and vendors. I don't know whether we will conduct another 50 in 50 tour, but a number of customers have requested it and so we'll continue to look at it. Lisa: A compliment for the team. I think your hosts are the most personable, and friendly. I like their interaction with the models. We all get to know everyone and it increases the shopping experience Merle: I think shopping on QVC is the best. I have shopped for a long time and am looking for products that QVC currently is not presenting. Do you plan on having a forum for shoppers to suggest products they would like QVC to present? Thank you Sandy: Could we have fewer hours devoted to retailers who purchase an hour-block of time and spend the whole hour on one item? I mentioned earlier in this chat that we work hard to maintain program diversity. So, we try not to run too many of these one-product programs, and keep a balanced rotation of more diverse programming for most of the day. Lisa: Mike, I know you do a lot for Christmas, how about the Hanukah celebration? We spend a lot of money for the holiday also. Additional comment, September 11, 2007: I looked into the topic further, and wanted to pass along that you should look for new Judaica product coming for the holidays and into Spring 2008. We will also be creating a Judaica Gifts promotion on QVC.com that will be located in our Gift Center. Mary: It would be wonderful if you would make available chats with vendors or a way to ask questions and have them answer on line. Many of us would like to chat with Robert Lee Morris and other jewelry designers. Mary: I know you are receiving more questions than you can answer in this little window of opportunity. Would you please continue to answer our questions in an area on the forum so we will see answers to our pressing concerns? Thank you! shopper917: What percentage of products that are auditioned to be on QVC actually make the air? BJR: Since you have changes your website it takes much longer to load, it doesn't matter whether it is dial-up or broadband or what computer, can this be looked into? Daphne bee: I wasn't here for what you said earlier. Can I read all your answers somewhere after this chat? Dorothy: What kind of training is involved in becoming a host, and what quality do you feel is most important to have? The training is very extensive. We're not necessarily looking for folks who have significant professional entertainment experience. Rather, we want great personalities who meet these other criteria I described. And then we spend about 6 months training the person before they ever get much air-time. Our hosts really work together like a family and I think that comes through on air. So, the experienced hosts are critical to the training of the new hosts. For example, Mary Beth, who has been with us for 20 years, is the mentor for Sandra Bennett who just joined us last year. We look to our experienced hosts to help coach and guide the new hosts. QVC: We're almost out of time for today's chat. Do you have anything you'd like to add before we have to close? QVC: Thank you for your participation. We hope you've enjoyed this LIVE chat with Mike George.
Bonus-These are additional questions that Mike George answered after the time of the chat expired. Sandy: It seems as if you are trying to hit a "price point" with your products---i.e., trying to appeal with a certain price to the largest demographic. Why not have something for everyone, even people who want high-end, i.e., expensive, shoes, purses, jewelry, clothing, etc? I've read on the BB's postings from people who don't like to see expensive things aired they can't afford, conversely, I don't like seeing inexpensive things. Mike George: Sandy, we try to live by a simple philosophy - let the customer decide. We try not to let our personal tastes or preconceptions about what our customers might want drive our decisions. Rather, we aim to put on air a broad variety of products -- across all price points, styles, categories etc. And then, after each product sell, we make a decision as to whether or not to bring back that product based on the customer response -- and not just the number of customers either. Rather, we view our 'sales per minute' as the great equalizer - 10 people ordering a $1000 item in a minute, 100 people ordering a $100 item, or 1000 people ordering a $10 item -- its all the same to us -- as long as we offer variety and don't exclude any customer. I'm always amazed at the broad range of price points that we offer at QVC -- just look at some recent very successful TSVs -- a $20 kitchen gadget, an $850 gold chain, and a $2000 sleep number bed. And you're right, some folks criticize us for selling too many inexpensive items, and some folks criticize us for the reverse. Our goal will be to continue offering a wide variety and let the customers decide. Candidly, sometimes we get a little conservative and are hesitant to step up to higher price point items - we have to watch this, and make sure we stick to our values of testing a wide variety of merchandise. In fashion, we're working to add another layer of great value, higher price point, on trend product to our apparel and accessories assortments. Our customer has told us she'll go there if the product is right.
Mary: California has a huge viewing audience and we do not have a direct connection with purchasing QVC products in an outlet store! Mike George: Mary, thanks for the comment. We only have 5 outlet stores and we aren't adding more at this point, because we don't have enough returned or excess merchandise to fill more stores. Should we need to add more stores in the future, we will certainly consider California and other major markets we're not in. Shannon: i would like to see on the web page a schedule of when our favorite host will be on Mike George: Shannon, thanks for the idea. I'll look in to this - but I think it may be difficult to ensure accuracy because host schedules can be somewhat fluid. They tend to change more frequently than the program schedule. Audrey: I would like to know why there is not more easy pay items and that the easy pay lasts longer then just the show or the day. Other shopping networks have it on all the time and this is very helpful when deciding on a product. Seems as big as QVC is you could offer more foe longer periods of time, especially the way the economy is. Mike George: We know our customers love Easy Pay, and we have increased the use somewhat this year. However, we try hard to avoid the department store trap of having everything on sale all the time, which means you can never trust the regular price. So we try to set fair regular prices, and, unlike a traditional store, our prices rarely go down after the initial airing - rather we try to start with our very best price. This helps our customers shop with confidence -- without having to worry about whether they should wait and see if it gets marked down later. I know Easy Pay isn't the same as a sale, but there is a cost to EZ Pay, just like there is for a price discount or free shipping, and if we used it much more frequently, we would have to raise prices elsewhere to cover the cost. We're proud of the fact that our first price is usually our best price, that we don't charge excessive shipping costs on some items so that we can give it away on others, and, for the same reason, we try not to overuse EZ Pay, but to use it where we think our customers will get the most benefit from it. That's probably not what you want to hear, but we feel this balanced approach results in the best overall deal for our customers. Terry: There are products that I no longer see in QVC and would love for you to bring them back, would you take suggestions of items for (us viewers) to be able to let you know that we would love to see them again? Mike George: Yes, I love to get suggestions from our long time customers. You can send me a note, or share your thoughts on the suggestions board in the Community Forum on QVC.com. We review these suggestions regularly. A production of LiveWorld, Inc. |