32 Principles of Modern Marketing part 3.As indicated in previous editorials, it is our paramount responsibility as the industry's preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae and pioneering publication, since 1982, to address the greatest needs of our industry. My close contact with--and observation of--the industry has always convinced me that the greatest needs of our industry as well as many other industries is having an outstanding marketing department. As I have stated before: To the extent that our editorial resources for this publication have expanded significantly, I truly believe that our outstanding and renowned editors are covering every possible, crucial aspect of the industry in the best possible way. Therefore, to prevent being redundant, I have decided to continue to focus on marketing, which I believe is not only the greatest need of contact/CRM centers, but also most particularly, the need of technology providing companies. Unfortunately, technology-driven companies are always focusing on building a better mousetrap "A Better Mousetrap" is a first season episode of Beast Wars which first aired on October 8, 1996. Plot Sentinel, a new automated defense system for the Axalon, is under development by Rhinox, as the Maximals' best line of defense against a Predacon attack. only to find out that the mouse died 15 years ago!! Hopefully, someday some·day adv. At an indefinite time in the future. Usage Note: The adverbs someday and sometime express future time indefinitely: We'll succeed someday. Come sometime. , they will all realize that before they develop any product, they have to verify that the marketplace actually needs that product and they also have to market it because no product no matter how great, will sell itself. [ILLUSTRATION OMITTED] Now we again turn our attention to our continuing coverage of the Top 36 New Principles of Modern Marketing. In our last installment we left off with number 11, so this month we present numbers 12 through 16. Rule 12 - Focus on Awareness As indicated above, one of the greatest weaknesses of high-technology companies is the notion that "our product is good enough and people will find out about it," by osmosis osmosis (ŏzmō`sĭs), transfer of a liquid solvent through a semipermeable membrane that does not allow dissolved solids (solutes) to pass. Osmosis refers only to transfer of solvent; transfer of solute is called dialysis. I suppose! It will never happen. Just to prove my point, I wanted to share a portion of an advertisement that was developed by McGraw-Hill 50 years ago titled, "The Man in the Chair." The man in the chair is positioned as a buyer who is providing several reasons why he cannot buy your products. Some of those reasons are as follows: * "I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. who you are." * "I don't know your company." * "I don't know your company's products." * "I don't know your company's customers." * "I don't know your company's record." * "I don't know your company's reputation." * "I don't know what your company stands for. Now--what was it that you wanted to sell me?" Consequently, it should be crystal clear that no one will buy anything from you unless all of the above concerns are answered and the only way to do that is via integrated marketing, which we shall discuss later on in this editorial. Rule 13 - Positioning and Differentiation In order to better appreciate how great the role of positioning and differentiation is may I suggest that you read my editorial titled, "Every Company Wants to be a Peacock peacock or peafowl, large bird of the genus Pavo, in the pheasant family, native to E Asia. There are two main species, the common (Pavo cristatus), and the Javanese (P. in the Land of Penguins, but Few of them Know How to Do it Right" (www.tmcnet.com/2370.1). Having stated the above, we need to understand that today in this super competitive marketplace, if you do not give a reason to your potential buyers why they should buy your products, they simply will not choose your products over your competitor's product. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , you must find what makes your product unique and translate that in terms of benefits to your potential buyer and then communicate the benefits and the differentiation factor to the marketplace around the clock 24/7. In other words, positioning and differentiation are not part-time jobs. You need to do it every day, every minute, every month, every year, 24/7 to be successful. Rule 14 - Focus on Relationship Marketing Even if you apply all of the 36 marketing principles that will be described in these editorials, if you do not have a well natured na·tured adj. Having a nature or temperament of a specified kind. Often used in combination: mean-natured; sweet-natured. relationship with your customers and your customer base, you may face great difficulty selling your products and services. The reason is that 75% of buying decisions are made "based on emotion." In other words, even if you have the best product in the marketplace and your competitor has a better relationship with your prospect, 75% of the time, your prospect will buy your competitor's product. Therefore, you need to do everything humanly hu·man·ly adv. 1. In a human way. 2. Within the scope of human means, capabilities, or powers: not humanly possible. 3. possible and affordable to build a solid relationship and a continuous relationship with your prospects and customers. Otherwise, all bets are off. Rule 15 - Avoid AF, Build a Functional Advertising and Marketing Campaign I suppose you are wondering what does AF stand for. AF basically stands for "artsyfartsy" in advertising. One of the greatest mistakes made in advertising is that complete control is given to the creative people to design an advertisement that looks extremely pretty and perhaps beautiful, but it doesn't say anything and it is not functionally effective. Seasoned marketing people will tell you that there is much more to developing an effective advertisement than making it look artsy art·sy adj. art·si·er, art·si·est Informal Arty. fartsy. An AF ad may win advertising awards just based on looks, but when it comes to productivity, they are practically useless unless good copy and graphic communication skills are blended with uniqueness and convincing creativity in the copy. If you would like to take your advertisement to the next level, you need to be so creative that it would become a memorable advertisement for years to come. A good example of such an ad is the above mentioned comments from the McGraw-Hill advertisement. This ad was so effective. It was true 50 years ago, and it is true today. Therefore, anyone who has anything to do with marketing and advertising must refer to this ad as the "raison d'etre rai·son d'ê·tre n. pl. rai·sons d'être Reason or justification for existing. [French : raison, reason + de, of, for + être, to be. " of marketing (the reason for existence in marketing). Rule 16 - Try to Outsmart out·smart tr.v. out·smart·ed, out·smart·ing, out·smarts To gain the advantage over by cunning; outwit. outsmart Verb Informal same as outwit Verb 1. , Outthink out·think tr.v. out·thought , out·think·ing, out·thinks 1. To outdo (another) in thinking. 2. To outwit by thinking. and Outsell out·sell tr.v. out·sold , out·sell·ing, out·sells 1. To surpass (another) in an amount sold: a book that outsold all others of its kind. 2. your Competition Obviously, this is much easier said than done. However, if you truly are interested in dominating your marketplace, there is no shortcut (1) In Windows, a shortcut is an icon that points to a program or data file. Shortcuts can be placed on the desktop or stored in other folders, and double clicking a shortcut is the same as double clicking the original file. to this rule. Not only do you need to outsmart, outthink and outsell your competition, but also, you need to dominate online, print and trade show marketing. This is the most effective solution to market domination that exists today in my opinion. With so many global competitors around today, being a copycat will not get you anywhere. So you need to outsmart your competition and be original. To truly outthink and out-market your competition, you must dominate the three areas mentioned above such as online, in print and in person at trade shows. Then, if you do all of that, you should be on your way to success provided that you have an effective sales department that can effectively bring in the orders. In other words, even if you do everything requested above and your sales department is extremely weak, nothing will sell and all marketing dollars are wasted. So there is a cause and effect relationship here. Without effective marketing, there will be no qualified sales lead A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s). generation and without qualified sales lead generation, the sales people will have nothing to sell with. As always, I welcome your comments. Please e-mail them to me at ntehrani@tmcnet.com. If you don't market, you don't exist. And, today, if you are not on the first page of the leading search engines, you don't exist. There is no such thing as developing a great product and expecting it to sell itself. Nadji Tehrani Nadji Tehrani is an American businessman, the founder and CEO of Technology Marketing Corporation (TMC), which publishes magazines and runs conferences devoted to the business of telemarketing, a word on which Tehrani himself holds a registered trademark. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Technology Marketing Corp. |
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