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By Rich Harshaw
What is the purpose of marketing anyway? I mean, what is marketing really supposed to do? I guarantee if I asked one hundred business people this simple question, I'd probably get about how many different answers? That's right. About a hundred! Some people would say marketing's job is to get your name out in the marketplace. Others would say to position your company in the marketplace, or to build your brand name. Some would say to generate sales. Some would disagree and say that marketing's job is not to lead directly to sales necessarily, but to generate leads that are then handed over to the sales department.
Still others would say "awareness, or in other words, to get people to remember our name when they go to buy" Then there's always the group that just says marketing's job is to "make money." And you know what, even though all of these answers are different, they're all partially right. I wouldn't say that any of them are wrong. But here's what I would say: All of the answers I just mentioned are actually results of what happens when you run marketing and advertising that is does what it's REALLY supposed to do.
So, because the answer to this simple question is so vital to the rest of this series, and so vital to your RESULTS, I want to take just a few moments to solve this mystery and demystify this whole process a little bit. Here's what marketing is supposed to do: Its purpose is actually three-fold: Its first job is to capture the attention of your target market, and second, to give them the hope that reading or listening to your marketing piece will give them enough information to--here's the key word--facilitate...facilitate their making the best decision possible when buying whatever you sell. Or in other words, train and teach them how to make the best available decision. Marketing's third job then is to lower the risk of taking the next step in the buying process so you can further educate the prospect. The result of effective marketing that accomplishes these three objectives is that it should cause your prospects and customers to draw the conclusion, "I would have to be an absolute fool to do business with anyone else but you... regardless of price." Let's take a closer look at these three things:
First, capturing your target market's attention. This seems pretty obvious and pretty straight forward. But I can tell you this: there are right ways and wrong ways to do this, and I've got a specific formula that I'm going to give you later on that will ensure that you always do it the right way. It's done the wrong way 99% of the time. We'll get to that, but first let's talk about marketing's second objective, which is what I call "facilitating the prospect's decision making process." Do you understand that you've got prospects out there that need to buy what you sell, who are just starving and craving information? Because they're not experts at what you do, they don't know the parameters or the relevant issues surrounding the decision. They don't know how to make the best decision, which leaves an opportunity for you to guide them through this process. Your job is "facilitator of information" to help them make the best decision possible. Now if the best decision possible happens to be buying from you--and it should be--then that's all the better. You should think of yourself as the "fountain from whence all knowledge flows...." Or at least all of the knowledge germane to what you're selling. I'll show you how to accomplish that later on in this program. But here are the key principles right now:
See, regardless of what industry you're in, all businesses, on a base level, want the exact same things... they want more new customers, and less competition. They want to keep their margins, have their marketing and advertising work better, attract and retain more loyal customers, increase the conversion ratios for their sales people...and ultimately, they all want to make more money. True enough?
Also realize that all prospects and customers all want the same things. They want to feel confident that their money has been well spent and their decision has been made to the best of their ability. They want the get the best deal, in terms of price and value. You never hear anybody say, "I shopped around to 8 car dealerships and negotiated the best deals possible in terms of how much car I got for my money, and finally decided to buy where I got the third best deal." No! People intuitively want to make the best decision possible, and not feel like they've got to second guess themselves all the time.
So we have two sets of values: The business wants more customers and loyal customers and higher margins... and the customer wants to feel confident that he's gotten the best possible deal, in terms of overall value. The process and principles that govern the matching of those two sets of values are exactly the same for every business. See, this is why we can work with thousands of companies a year in every imaginable industry, big or small. It's real simple: all you have to do as the marketer is figure out what's important to your prospects, educate them as to what constitutes the best deal in your industry, and then show him quantifiable proof that you actually provide that best deal, in terms of price and value, and communicate all of that to him in a way that he'll pay attention to, believe, and take action on.
See, then the prospect gets what he wants from you: not just the best deal--in terms of price and value, but also the unshakable confidence that he's actually made the best decision possible. The problem is, believe it or not, that most businesses come nowhere close to holding up their end of the bargain. Instead of using marketing to educate and facilitate the decision making process and build a case, most companies fill their marketing with self-serving hyperbole, fluff, and platitudes that are only a thinly veiled way to say "buy it from me because I want you to give your money to me instead of somebody else." That's why people become jaded and tend to resist marketing. They tend to either dismiss it or worse, become skeptical of it. But you don't want to breed skepticism! You want your prospects to say that they'd have to be absolute fools to do business with anyone else but you, regardless of price!
So, after you've 1) gotten the target market's attention, and 2) given them decision-facilitating information, then marketing's third job is to give them a specific, low-risk, easy-to-take action that further facilitates their ability to make a good decision. What I'm saying here is you can't cram everything that a person needs to know--you can't completely facilitate that decision necessarily within the confines of an advertisement. There needs to be more information given--and we accomplish this via what we call marketing tools... which means putting things together for your prospects like reports, websites, audio CDs, cd ROMs, and so forth. I'll talk at length in an upcoming article, but for now, let me give you an example to crystallize all this.
Have you bought a new home before? I mean a brand new home, from a builder? They have lots of different ways to advertise and promote, but one of the major places that builders advertise is in the Sunday Paper in the New Homes section. But if you look in that section of the newspaper, you'll see that none of the ads there actually accomplishes what marketing is really supposed to do in the first place. By way of review, marketing is supposed to first, capture the attention of the target market, next, facilitate their decision making process by educating them about what they need to know, and finally, give them a low-risk way to become more educated and take the next step to further the buying process. But the ads you'll find right now don't do this. Instead, they feature beautiful happy smiling people, pictures of houses and floor plans, price ranges of homes, and maps to various neighborhoods. Here are some typical ads: |