8 Best Practices of Successful
Companies
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The 22 Immutable Laws of Marketing |
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The Law of the Mind and Perception
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Marketing is not a battle of products,
it's a battle of
perceptions; and sometimes it's better to be first in the mind
than to be first in the marketplace. |
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10
Commandments for Building a Growing Business |
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The
Customer is King.
Define the business of the
enterprise in terms of what is to be bought, precisely by whom,
and why. Avoid disaster by
testing the market prior to development of a product...
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How To Become an Irresistible Sales Communicator
Top 7 Principles |
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The Power of Emotional State
Mastery
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The Power of Personal Congruence & Integrity
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The Power of Instant Rapport & Trust..
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Your Business is
Ruled by the Marketplace
"You don't decide what business you are in; the
marketplace decides that for you... People will only buy what they want to
buy, or are afraid not to buy, at a given moment in time."1
Tailoring your
business plan to what the market will buy is always a better,
more successful strategy than developing a new product or service without
knowing precisely the customers for it and hoping that people would buy it
because it's good.
Many things are good, and people need many
things. But the "need" is not enough. "Nobody buys what they need. Before
people will buy something they "need", two things have to happen:
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They have to recognize and accept that they need it.
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They must act upon that recognition and
acceptance...
Before people know they need something, you
often have to spend lots of money educating them about why they need it."1
While preparing your
business and
marketing plan,
anticipate also the
curveballs that the marketplace will throw at you and may cause you to
change direction.
Marketing is
positioning.
You need to learn to position your product or service in the mind of the
prospect. Remember also that
test marketing of your
product or service is a very important component of your
entrepreneurial
success.
Customer
Value Proposition
Your company should deliver a particular
customer value
proposition to a definable market in order to exist. The delivery of the
customer value proposition relies on a business design, which uses key
business processes to harness the
distinctive
capabilities, competences and resources of your firm to deliver superior
value to relevant markets. Customer value propositions and business designs
compete and collaborate for customers, resources, infrastructures and skills
on strategic landscapes.4...
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System Approach To Marketing and Selling
Source: "Agenda", Michael Hammer
Selling, in the old days, was largely and act of personal
heroism. The key to successful selling was knowing the products and the
customers. The effective sales rep would present his or her product or service
in the best possible light, forge a bond with the buyer, and triumph over the
competition.
This approach has little to do with the way sales are made in
today's real world. Today's customers
don't want products; they demand solutions,
and solutions don't come in a box. They must be designed, fashioned to meet the
customer's specific needs.
Making such sales takes a lot more than
personal charisma. Today's selling is
system selling, solution
selling, consultative selling; it entails analyzing customer needs, designing
alternative solutions, scrutinizing costs, developing and implementing systems,
and more. This is not the work of a heroic individual sales rep.
Modern selling is a team sport, and a
complex one at that. Winning at it takes discipline and structure. Making it up
as you go along is a recipe for disaster.
Leveraging Your Service-Profit Chain
The service-profit chain is a powerful
phenomenon that stresses the importance of people - both employees and
customers – and how linking them can leverage corporate performance. The
service-profit chain is an equation that establishes the relationship
between corporate policies, employee satisfaction, value creation, customer
loyalty, and profitability...
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Market Leadership Strategies
The
market leader
is dominant in its industry and has substantial market share. If you want to
lead the market, you must be the industry leader in developing
new
business
models
and new products
or services. You must be on the
cutting edge of
new technologies and
innovative
business processes. Your
customer value proposition must offer a superior solution to a
customers' problem, and your product must be well
differentiated...
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Customers for Life
By:
Brian Tracy
The purpose of a business is to
create and
keep a customer. If a business successfully creates and keeps customers
in a cost-effective way, it will make a profit while continuing to survive
and thrive. If, for any reason, a business fails to attract or sustain a
sufficient number of customers, it will experience losses.
Too many losses
will lead to the demise of the enterprise.
According to Dun and Bradstreet, the single, most important
reason for the failure of businesses in America is lack of
sales. And, of course, this refers to resales as well as
initial sales. So your company’s job is to create and keep a
customer, and your job is exactly the same. Remember, no matter
what your official title is, you are a salesperson for yourself
and your company.
Marketing & Selling Strategy at
Different
Company Growth Stages...
Market Research: Defining Market Segment
& Customer Profile...
The
Best Technique to Win the Customer Over...
Understanding Risks Perceived by Customers...
Define Your Internal Core Marketing
Message (CMM)...
Three R's
of Marketing...
Marketing and Selling Is All About
Perceptions...
Apply 80/20 Principle...
"When" Is a New "What"...
Three Stages of the Marketing Process...
Five Components
of Marketing...
Get the Most Out Of Information
Technology Tools...
Learning
from Successes and Failures...
Two Main Ways
to Grow Revenue...
Credibility Marketing...
Customer Intimacy...
Listening
to Your Customer...
Effective
Market Segmentation – Divide and Conquer...
Experiential Marketing...
Emotional Marketing...
Differentiating With Different Types of
People...
Buzz Marketing...
Case in Point
Nike...
Case in Point
Palm...
Case in Point
Dell Computers...
Case in Point
Guiness...
Case in Point
Half.com...
Case in Point
Estee
Lauder...
Case in Point
Seth
Godin...
Case in Point
Rich
Dad, Poor Dad...
Case in Point
Coca Cola...
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