Original post : Mar 11, 2010 What business are you in?Whether I'm coaching a new client in marketing or creating a programme for them, one issue that we focus on getting straight right up front is what business they are really in. As I boringly say time and time again, marketing is about focusing on the customer, so describing your business from the customer's viewpoint rather than your own is an important place to start. The answer is not about what you sell - it is about what the customer is looking to buy. Take some everyday examples:
You get the idea. At a recent seminar on Successful Selling (presented in conjunction with Ben Turner of The SalesPro Online Magazine) our delegates struggled, as so many of us do, to articulate their features in terms of benefit to the customer. But turn it around and focus on what the customer is really looking for and the question is slightly different. Not just what benefit does your product/service deliver - but is it one that will make a difference to a customer (and not just one customer but, hopefully, a whole group of them)? If you can't offer a benefit the customer is prepared to pay for - do you have a viable business anyway? The answers will help you communicate the difference you can make, but will also drive innovation in your products and services. Thinking too narrowly about what you do can put you out of business when the markets move on - for example companies that think they are in the business of CDs but are really in music are going to be put out of business by the downloading of files. If you're not sure what customers are really looking for or what they want from whatever you provide then the best thing is to ask the question. You can ask your customers, ask the people who chose not to buy, ask friends, family, business contacts. Talking it through will help you crystallise the answer to the question 'what business are you in'? Armed with that information you can develop your offerings and marketing promotions to present your customers with something they will really value, something that will solve their problems more effectively than any competitors can. What business are you really in? CommentsSharon when I first started selling industrial cleaning machinery, my boss/tutor told me the most important thing to do when selling someone a vacuum cleaner, was to find out the relevant benefits. A vacuum cleaner is a vacuum cleaner in anyone’s world but the reason that they will buy it in preference to another, is if they want it more. The same applies for everything and your points about what the result of their purchase is, rather than the product/service itself have certainly reminded me of the powerful message my boss taught me all those years ago. Thank you Oh this is SO true Sharon! In these days of ever more technical products in every facet of our lives it is so easy to get hung up on the 'features' of your product - this chip does that, this motor produces this much power, this console has this much processing capability etc.
What does it mean? Unless the consumer is completely wrapped up in the technical jargon it just confuses them and can eventually turn them off. Far, far better to ask, 'what are you looking to change/improve/do?' Then explain how your product or service can help them achieve that and what any other spin off benefits are. You need to understand your product of course...but not so you can blind people with science. Instead it is an understanding of the 'applications' that makes a sale more likely. Excellent stuff Sharon! | Past BlogsSocial Networking - what's in it for businesses?Jul 6, 2010 17:45 Are you charging enough?June 10, 2010 11:01 Using PESTLE in your marketing planMay 12, 2010 15:01 Why bother with a marketing plan?Apr 15, 2010 15:45 What business are you in?Mar 11, 2010 15:10 Marketing Online - Should You Do it Yourself?Feb 11, 2010 18:40 Marketing Myth #7: the lowest price will always winJan 12, 2010 9:21 Marketing Myth #5: Marketing is Expensive - except on the InternetNov 9, 2009 15:22 |


