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| Subject: The Leverage Process | |
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Author: Dennis S. Vogel |
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Date Posted: 23:21:43 08/20/06 Sun In reply to: Dennis S. Vogel 's message, "Marketing Leverage" on 10:17:47 08/20/06 Sun As I wrote in the previous post, we know our situation, but since we may not know who will use our products/services, we need to start from we are. As we progress, we hope to have a clearer vision of our potential target market. After we convince our potential target market to use our products/services, we can find what they like & dislike. It's a potential target market because they may prefer something else. Even if they prefer our solution, they may not be able to afford it. If they can't afford it, we can determine if we can decrease our costs by removing features they don't want or would seldom use. Or if they need a short-term solution, maybe we can make the product or service result less durable & less expensive. If We'd Start With Consumers Though it seems ideal to start with people or businesses & their needs, we have to start with what our knowledge & priorities. To start with something totally foreign would be impractical because the learning curve would be too long & steep. Instead of producing a complete product/service, we could've started with research, then designed our product/service according to what we learn about people's needs. But by the time our product/service is ready to be marketed, our prospects' needs/desires may change. It’d mean scrapping what we did or find somebody to buy what we produced. So, we could still end up doing the process I described below. The order of these issues varies according to the situation. If you don't have an answer to each question, find answers to the others. These answers can direct your thoughts to other answers you need. If you start in the middle then work toward each end of the list, it's OK if you get the answers you need. Backwards May Be Inevitable These issues are in approximate reverse order like disruptive innovation creators should use. This list isn't complete enough to fully cover every possible scenario. Each of these issues/steps is a point where we need to apply leverage to "lift" prospects out of their previous situations. The drawback of working backward is we don't always know--specifically-- where we're going. If we get stuck, we can jump ahead--in planning--to where we think we want to go (where we think a problem exists which our solution can solve). It's like a maze drawn on paper, the starting & ending points are indicated, if we get stuck working toward the end, we can leave our route marked, then work from the end toward the beginning. If our routes "meet" then we're successful. A Retailer's Current (Hypothetical) Situation/Internal: When we bought our inventory, which problem(s) did we think these products would solve? Which other products/services do people need to get a complete solution? What do we need to set in motion to sell our inventory? What do we need to do so people will buy? Do we have the necessary resources, values & processes? Why should prospects believe our claims? How will we show these are true? What has to happen to make people aware of the consequences of their need? We want people to buy products, how will it happen? We need to know what other problems our product might solve. Message Distribution- We need attention inducing devices, like headlines & graphics, to "advertise" our ads. These should convince people to invest enough time & attention so they'll understand our messages. We need prospects to notice our advertising messages. We need to find people who want to & can afford to solve this problem. Mapping The Potential External Situation: Message Development- We need people (who might have that problem) to come to our store. We need to let them know we have that product/solution. Does our niche already accept their need & want to solve it? We need to let them know how serious their problem is & will be. What will happen if it's not solved? Is solving it a high priority? What causes the problem? What makes it worse? We need to let them know their problem can be solved. We need to get them to admit to themselves, they have a problem. We need to get them to trust us as people who care about them & have valuable knowledge. How do they describe their problem? We should use these descriptions in our marketing messages so our sales copy will be interesting & meaningful. We need to get & keep their attention long enough to inspire their interest, desire & action. How will we recognize those who have this problem? Who has this or a similar problem? Questions For Drilling Down On Some Issues We need to find 1 or more of these (Knowing more of these will help us solve the problem for the most people.)- Where they are when they first discover they have the problem. Where they are most often when the problem recurs/flares up again. What are they doing most often when the problem recurs/flares up again? Where they are most often when they feel the strongest motivation to solve the problem. Where can they most comfortably solve the problem/apply the solution? (Somewhat facetious example- People may feel pain from hemorrhoids wherever they go, but they won't apply a solution anywhere.) When are they closest to a place where they'll apply/use a solution? When are they closest to a place where they're willing to buy a solution? (Is it a competitor they're close to? If we can change this, how can we do it?) Where & when are they closest to a place where they can buy a solution? Are there typically times when they can't afford to buy the solution? Taking Action- How can we help them discover they have the problem? How can we help them realize they need to solve the problem? How can we cost-effectively make the solution process easier for our target market? How can we cost-effectively make the solution process more efficient for our target market? How can we cost-effectively make the solution process more convenient for our target market? Easier, efficient & convenient are almost synonymous, so the last 3 questions may seem redundant. But we can substitute whichever words fit the situation. Example: painless, helpful & timely. You may've concluded a lot of this intuitive, but when people do things without conscious thought, they may miss something important. Except for 1-step messages, which convince people to buy something without any more sales effort, good ads inspire people to inquire about products/services. After the inquiry, they'll buy what they can afford if they want it. An ad copywriter needs to achieve AIDA. But it won't happen unless people notice & pay attention to the ad. Good headlines & graphics get a target market's attention & interest by "advertising" the ad. Dennis S. Vogel thrivingbusiness@email.com Without marketing processes, systems & methods, success depends on luck. There are many ways to build solid, lasting success. If you want yours to last, you need effective marketing. You can find a lot of what you need here. http://web1.lakefield.net/~thrivingbusiness/ http://www.voy.com/31049/ [ Next Thread | Previous Thread | Next Message | Previous Message ] |
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