Archive for the ‘Market Driven’ category

Empathy is the key to marketing

March 8th, 2012

 

 

Empathy the key to marketing

Business is about creating products and or services to resolve problems, I always rant on about this but I am adamant that it all starts with a problem. Value is created when the problem is resolved so it’s all about identifying and resolving problems.

 

So if you want marketing to work the key is being able to understand your markets problems and to do so you need to do many things but the most important for me is to empathize. Put yourself in their situation, walk a mile in their shoes. Too many companies are autistic in this sense, incapable of connecting emotionally with the outside world and understanding the pain that exist and as such the opportunity to create new products and services to take that pain away.

Know the problem, create the product, communicate the value

Marketing goes in both directions, first you must interact with your market to identify the problems that exist, and then create the product that will resolve them, and finally communicate the product to the market place. Now if you have done your job well in the first phase, empathizing and understanding the pain that exists in the market you will have very little difficulty in communicating the benefits of your product to the market place.

Wooa, this company really gets me!

Companies that have this focus stand out as there messaging is simple, they understand the problem, they understand their market so they know exactly what to say and WHO they are say it to and when to say it. In today’s new reality of unlimited expectations companies need to be connected more than ever with their customers and not just at a superficial level, they need to be able to truly empathize with them. The success stories of today’s and tomorrows companies will trigger customers conversation along the lines of  ”that company really gets me”.

I truely believe that empathy is the key and as time goes experience and peers in the industry validate that point of view.

Put it to the test

What have you done recently to empathize with your customers? Or what has a company done recently to empathize with you? Can you give some good examples of bad examples of this?

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Does sex sell?

March 2nd, 2012

Sex like anything else is a product, so if it sells or another way of understanding that  is if it is successful, depends on the same fundamentals that rule all products success. For a product to be successful it must comply with 3 simple rules and these three rules define a market driven product

Urgent?

The prospect must have a problem and that problem must be urgent enough that prostect  wants to solve it now, the greater the urgency the greater the probability of success for the product.

Pervasive?

There must be enough people with the problem to make it viable for a business to develop the product.

Willing to pay?

The prospect must be willing to pay to have the problem resolved.

If you follow a market driven approach you will run the necessary research to ensure that you have the data to back up all 3 points above before you invest in developing a product.  So ask yourself if you are developing a product at the moment; does it solve an Urgent problem? Is that problem pervasive? and are their people willing to pay for it? Do you have that data?

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Why mobile is much more than just the same content in a different format

February 9th, 2012

Mobile users have mobile problems and need different solutionsAs market driven products are all about resolving real (quantifiable) market problems so when I talk about mobile I am going to talk about mobile problems. However,  when we see what companies offer for mobile users it appears that they are not taking into consideration the new problems that mobile users face, it just seems to be all about a new format for the same content?.

Mobile offering cannot just be about format

When you go to a lot of websites today the great majority have a mobile offering and some, unfortunately, do not even have that. But what is this mobile offering? It is basically the exact same information presented in a different way, something easier on the eye and easier to navigate from a mobile device.

Ok, visual aspects are a problem with mobile devices and the change needed to come, however how many companies are really addressing the other real problems mobile users are having, or at least how many are asking their mobile users what problems they are having? Not many, at least nobody is has asked me:-(

Just give me what I want please, I am in a hurry!

Let’s think about it. If you are using a mobile device and you connect to an airport website what is the most likely problem you are going to have? You are going to want to know when the next arrivals or departures are, if it is a train company you want to know the arrivals and departures times for the nearest train station more than likely.

It is unlikely however that you want to know about the companies Mission, Vision and Values, something that you might be interested in reading when you connect from a desktop from your home when you have more time and leisure.

My problems define my preferences, mobile is not different

Companies use cookies to remember users preferences which is a way of understanding problems. For example I like marketing and tech information so when I go to Forbes.com I want them to bring me to the content I like. If the companies take into consideration my preferences I also want them to take into consideration my new mobile problems and respond to them, give me the option to get straight to the point as quickly as possible.

I am not sure if the problems that I presented above are real as I haven’t quantified or qualified then what I am sure of however is that the mobile user, taking into consideration location and the website in question, has generally got a distinct reason for engaging with websites to the desktop user.
What do you think? Are your needs the same when you are mobile as to when you are at home in front of the laptop? Can you think of any companies that are doing this well? Address the mobile users specific problems, I would love to see some good examples?
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