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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:
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