The Power Of Three

I’ve posted before
about the power of three.
Offering three products within
the same brand family.
Offering good, better, best options.

Drew’s Marketing Minute
reminds marketers
“They have proven scientifically
that in most cases
(I can’t find the study
or I would be more specific)
the consumer will opt for the middle choice.

Here’s how our brains see the options:

– The lowest choice seems bare-bones.
– The highest choice seems extravagant.
– But the middle choice…
now, that’s pragmatic.
Not too little and not too much.

If you want to earn more revenue
from your existing customers
— package their choices differently.
Be sure there is an actual value difference
(both in what they get
and what they pay)
in the tiers…
but then, give them 3 options.

And stock up on whatever is lucky #2!”

Niche Marketing

Design Damage has an absolutely wonderful post
on the Six Habits Of Highly Effective Marketers.
All six habits slam
but I especially loved the bit on niche marketing.

“Successful marketer choose a niche
and stick to it.
They inject all the experience, knowledge,
theories and ideas they have
and consistently create content around it.
Everything is narrowly focused
so it speaks to those
that are looking for solutions in that topic.”

The post talks about
how this reduces misunderstandings.

Under one of my pen names,
I write 10,000 word stories
and that’s it.
Many writers tell me
they get complaints about
short stories.
Readers complain that they aren’t long enough.

I don’t get any complaints
because, under that name,
that is all I write.
Readers know what they’re going to get.

Niche branding reduces complaints.

Published
Categorized as Marketing

Make It Relatable

One of the key ‘rules’
to good storytelling
is to make situations and scenes
relatable.

One of the reasons
Twilight was so successful
is that it nailed those awkward first love moments.
It didn’t matter that
the boy was a vampire,
all of us could relate to
not knowing what to say or do
and being worried we’ll make a fool of ourselves.
All of us have went through that.
We could relate.
We connected with the character.
We cared.

Marketing and storytelling
are very, very similar.
To make us care about a product,
we have to be able to relate
to the stories and emotions
surrounding the product.

Get Rich Products don’t sell being rich
because many people can’t relate to that.
They sell the WANTING to be rich,
the dreaming.

Can prospects relate to your marketing?

Published
Categorized as Marketing

Hellman’s Mayonaise Or Miracle Whip?

Recently, there were a rush
of advertising
in my area
featuring Hellman’s Mayonaise
and Kraft’s Miracle Whip.

It was… well… exciting.
I know, I know,
sandwich condiments shouldn’t be exciting
but it was.
People talked about these rivals.
Sales increased for both.
It was more dramatic
because the two rival brands
were butting heads.

Coke and Pepsi has known this for years.
A Coke executive once told me
that he wished the folks at Pepsi well
because a healthy rival
meant a healthy industry
and that was good for everyone.

Storytelling To Create Impact Brands
has a wonderful post on this subject.

Published
Categorized as Marketing

Think Brand, Not Bland

I am engaging on the great agent hunt
for one of my stories.
This story is well written
(according to a fellow writer)
but I don’t know if the topic has a market.

A writing buddy advised to send out
a rather generic query letter,
leaving out that iffy topic.

Nope.
A) Because generic never got anyone noticed
(or any writer an agent)
and
B) The agent WILL read the entire book eventually
and be pissed that I tricked her.

That is the thinking behind branding also.
As Razor Branding Blog states
“Safe and predictable appeals to no one.
Just makes your company seem generic.
Phrase it in a new way
– everyone might not get it
but that’s okay.
Impact a small number of people completely
rather than a large number only a little bit.
Think brand, not bland.”

Published
Categorized as Marketing

A Personal Online Identity

I’ve read a few posts
talking about the lack of online presence
for C-Suite executives.
The thinking is…
it is a bad thing.

I don’t have an online presence
for my personal identity.
I don’t want an online presence.
I’ve seen way more instances
of perspective employers
punishing candidates
for their online presence
than I have ever seen
praising candidates.

In interviews,
I say as little as possible
about myself.
I know that the more I say,
the more the interviewer
can find fault for.
Well…
having a blog linked to my personal brand
gives the interviewer
unlimited material
in which to find faults.

I’ve heard of job candidates rejected
for having a bad Facebook photo,
for being linked to the wrong person,
for reading romance novels,
for going to a horror movie,
or
for supporting a charity.
That has nothing to do with job performance.

If you want to be judged for your work,
keep your work presence off the internet.

Published
Categorized as Marketing

Celebrity Branding

Branding Strategy Insider
has an excellent post
on how and how not to use
celebrity branding.

One of the key points
is that
“Celebrity endorsement is just a channel:
Companies must realize
that having a celebrity endorsing a brand
is not a goal in itself;
rather it is one part of the communication mix
that falls under the broader category
of sponsorship marketing.”

I often hear entrepreneurs say…
if only (big name star) ate in my restaurant
or wore my clothes
or promoted my book,
I’d be set.

Well, no.
We’ve all heard stories
about entrepreneurs getting a break like that
and then having their website go down
or their phone number wrong
or have no way to drum up repeat business
from the one time promotion.

A celebrity promoting your product
is NOT a marketing program.
You need more.

Published
Categorized as Marketing

Those Lazy Kids

I’ve been reading
many, many articles
about how the next generations
(i.e. new grads)
don’t have strong work ethics.

I don’t know where these rumors start.
A couple of weekends ago,
I was at a writers conference.
Call it the Twilight phenom
but I have never seen so many teens
in the audience.
These teens were not simply dreamers.
They’d written novels,
300 page plus novels.

I know what it takes
to write a 300 page novel
on your own.
That is darn close
to starting up a small company
or launching a new product.

THAT is the next generation.
Were you writing 300 page novels
at the age of 14?
I sure wasn’t.
So I am very, VERY optimistic
about the future.

Cut Underperforming Employees

Leslie Grossman has a great post
on lessons we can learn
from the late George Steinbrenner.

One lesson is
“Be generous.
Be willing to pay good people
what they are worth
and more to recruit them
and keep them on your team.
And get the best people you can afford.
Treat the good ones well
and get rid of the others, quickly.
Women tend to keep underperforming people
too long.”

Some people think
that keeping underperforming people
is ‘kind.’
It isn’t.
People underperform
because they don’t like what they’re doing
or
they are suited to what they are doing.
These people could, when released,
find the jobs they are truly suited for.

Keeping underperforming people
is also a downer for your performing people.
Winners want to play with winners.
Enthused people want to work with enthused people.

Cut your underperforming employees.
It is kinder to everyone.

Stated Needs Vs Real Needs

Seth Godin has a great post
on needs vs demand.

“Someone might know
that they need to be more concerned
about the world,
but what they demand
is another fake reality show.”

I usually refer to this
as stated needs vs real needs.
What people say they need
and what they really need
are two different things.

Why?
Because people want to be liked.
People want to say what is expected.
People want to fit in.
These are overriding needs.

I’ve attended plenty of focus groups,
on both sides
of the two-way mirror.
Participants are smart.
They figure out the company
paying them for the focus group
and then
they tend to moderate the comments
about that company.
They don’t want to be mean or impolite.

In the group,
they’ll say that GM cars are great
and everyone should drive them.
Then in the elevator,
they’ll tell me
that they wouldn’t be seen dead
in a GM car
and they’re pieces of crap.

Look to actions first,
if you can.
Actions rarely lie.
Weigh stated needs carefully.