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Momentous marketing opportunities
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By John R. Graham
There’s never a need for more
opportunities to make sales. Never. More than enough are always
available. In fact, more opportunities than any company can
handle.
“Yeah, sure” you say.
“If that’s true, then why are salespeople always
looking for leads and complaining that their company
isn’t doing everything it can to help them make more
sales?”
The problem is that we’re not
trained to see opportunities. Even if they jumped up and
smacked us in the face, we wouldn’t feel a thing. If they
fell in our lap, we couldn’t find them.
The problem is described in a trade
association magazine article in which the readers were invited
to test their marketing IQ.
The test kicked off this way: The first
step in developing an effective strategy is to leverage
What you do most.
What you do best.
What you do best in related services.
What your competition does least
effectively.
All of the above.
According to the test’s author, the
correct answer is b: An effective strategy will leverage what
you do best; your core competency.
The answer seems to make sense. We want
to believe what we do best is what the customer wants. But
that’s the mistake — focusing on the company
instead of the customer.
We spend time trying to get the customer
to do what we want. We’re so enamored by what we see in
the mirror, we can’t see anything else. Just because
we’re the very best at something does not mean someone
needs, wants or will pay for what we’re good at.
The job of marketing and sales is not to
try get the customer to bow to our will, but to offer what
intrigues the customer. In other words, blinded by what we
want, we miss the myriad of opportunities that have the
potential to increase sales.
How can we turn it around and become
customer focused?
1. Overcome complacency. Without question, complacency is the
business killer. It surrounds us. It affects how we think and
what we do without us even recognizing it. Professor Jagdish
Sheth of Emory University’s Goizueta Business School lays
down the gauntlet when he says, “People end up believing
what they do will succeed forever, and then they become
resistant to change. They get locked into one paradigm or one
way of life.
When something works well, we want to
believe that we have found the magic formula and that it will
work well forever. Perhaps there’s a not so subtle
component of ego mixed in with complacency.
Examples are everywhere, from the company
president who must be the “expert” on every aspect
of business, from selecting typefaces to toilet paper, to the
head of IBM who, in the 1970s, dismissed personal computers out
of hand because IBM’s business was mainframes.
Complacency blinds us to opportunity and
kills business.
2. Never ignore inertia. Americans had a rude awakening when they
called toll-free help lines and found themselves speaking to
someone with an Indian accent. We were indignant that companies
were exporting jobs.
This tsunami isn’t just about
sending jobs to low-wage nations. It’s about inertia. At
the end of “It’s a Flat World, After All”
(New York Times Magazine, April 3, 2004), Thomas L. Friedman
refers to Bill Gates’ contention that the U.S. is falling
behind in education compared to the rest of the world, with our
students scoring near the bottom of industrialized nations.
Then Friedman drops the bomb. “When
I was growing up, my parents used to say to me, ‘Tom,
finish your dinner — people in China are starving.’
But… I am now telling my own daughters, ‘Girls,
finish your homework — people in China and India are
starving for your jobs’.”
We like to believe we’re safe, that
nothing can touch us. The problem isn’t losing jobs,
it’s that we fail to see that others are overtaking us,
“eating our lunch.”
Friedman notes there are folks hidden
away all over the world armed with knowledge, laptops and
wireless who are taking the business.
Here’s the marketing and sales
message: We are never set; nothing stays the same. Unless we
actively market with a view to the future — two, three
and five years down the road — we’re in trouble.
What’s killing sales is inertia. We dawdle around looking
for the ripe fruit, when we should be cultivating the young
trees.
3. Never look back. Business people like to believe they’re
visionaries, but their behavior tells a different story.
They’re in love with the past. They get excited when
they’re telling war stories! And these heroic moments are
all about past glories.
The prime example of what we can call
“rearview mirror thinking” is, of course, General
Motors. As the once “world’s biggest company”
heads for the precipice, it continues to follow its
founder’s plan: Let customers graduate from a Chevy or a
Pontiac, to an Oldsmobile, Buick or LaSalle, and then to a
Cadillac. Once they get started, there’s a GM vehicle
throughout their life-cycle. LaSalle disappeared 65 years ago,
Olds is gone and Buick is waiting for the plug to be pulled.
Ford’s on a similar path. But not
Kia and Hyundai from South Korea. Once rejected by U.S. car
buyers, they turned it around — fast.
Today, their products win quality honors
and fly out the door with powerful guarantees that are far more
compelling incentives than GM and Ford’s deep discounts.
Looking forward beats looking backward.
Learn from GM, Ford and others. Give customers what they want
and don’t hold back, or else the competition will enjoy
the fruits of your failure.
4. Create excitement. If customers today are looking for one thing
above all else, it’s excitement. That’s what Expo
and Victoria’s Secret are all about. How to be more than
just a little bit daring is the secret message.
Chrysler’s PT Cruiser continues to
excite both men and women, particularly members of the Boomer
generation. “I may be getting gray but I can still act
like a kid.” Owners have genuine affection for their PT
Cruisers. As one who rented a garage for his new vehicle said
in near reverential tones, “I’ve got to take care
of it.”
There’s even more of a symbiotic
relationship between the Chrysler 300 owners and their
vehicles, as sales exceed company projections. Once again, the
Boomers are busting down the dealership doors to get their
hands on these rakish sedans.
What’s going on here? At a time
when we feel increased job pressure and the stress of work,
family, and conflicting demands, we want to lose ourselves for
awhile. These vehicles offer special excitement, letting us
fantasize each time we close the door.
Excitement sells. But as Pontiac has
learned, it must be more than a motto. If you “build
excitement,” you had better deliver on it.
5. Be real. When
was the last time you heard a CEO say, “I messed
up” or “I sold the company because it was a good
deal for me.” The “no-spin zones” are few and
far between. Somewhere along the line, we decided that
fabrication is preferable to honesty. This is a dangerous
sport, particularly since there are people out there on the
Internet who spend their time finding ways to trip us up.
There’s no place to hide and no
cover-ups, just the illusion of being able to get away with it.
Customers who feel they’ve been cheated or dealt with
unfairly head for the Internet, a far more potent threat than
the Better Business Bureau.
The pharmaceutical industry no longer
delays in pulling products; they do it even before the FDA
demands it. Stonewalling and foot-dragging only exacerbate the
pain.
Failure to deliver on promises and
expectations damages and destroys marketing and sales efforts.
6. Reduce risk. Successful marketing and sales strategies are
actually ways to help customers reduce risk. A few examples,
may help clarify the idea. If a woman is convinced a particular
brand of cosmetics will make her look younger and more
alluring, she uses the products to avoid the twin risks of
aging and rejection.
In the same way, an older couple buys a
home in a particular retirement community, they do so to enjoy
a certain lifestyle and to avoid the risk of missing out on it.
Finally, a 33-year-old professional makes substantial
contributions to a 401(k) plan to avoid the risk of not being
able to retire at age 55.
Good marketing and sales provides
customers with a sense of security by giving them what they
believe is important and of value. In effect, they reduce risk.
They help us avoid what we view as negative consequences. It
may be a pair of shoes, a car, an insurance policy, or a cruise
to nowhere. If it enhances security by reducing risk,
it’s the right buying decision.
All this leads to a particular
conclusion. To succeed at marketing and sales, we need to
live inside the customer’s head, to think the
customer’s thoughts and to walk the customer’s
path. What we think doesn’t count.
John R. Graham is president of Graham
Communications, a marketing services and sales consulting firm.
He is an author of several books, writes for a variety of
publications and speaks at association meetings. He can be
contacted by phone at (617) 328-0069. The company’s web
site is www.grahamcomm.com.
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