"Surround yourself with the best people you can find, delegate authority, and don't interfere." ~ Ronald Reagan
My company has mastered the art of highly focused MARKET POSITIONING and STRATEGIC DIFFERENTIATION... which makes us a highly desired BRAND in the minds of our customers. THINK: Yes or No?
Advertising/Promotions... Brand... Distribution Channels... Market Research... Marketing Plan... Public Relations/Associations... Web Site/On-line Marketing...
There is a huge difference between MARKETING and SELLING. Sales/selling is all about parting people with their money... the LOGICAL progression of doing business with you. Exchanging cash for what you have to offer.
Marketing, on the other hand, is all about finding and focusing on your ideal customer's needs... the EMOTIONAL connection between the heart and the head that makes people WANT what you are offering... well before your customer even knows he or she needs it.
Simply put, marketing is everything you do to place your product or service in the hands of potential customers... everything you do to first create a customer... make them feel good about dealing with you... then keeping them coming back year after year, purchasing product after product.
Marketing is a business-wide function — it is not something that operates alone from other business activities — it must be built into the CORE ESSENCE of your company as a whole. Done right, it gives you an unbeatable competitive edge and allows you to fully exploit your comparative advantage.
Think of every major innovation of the last 100 years. Google searching... Facebook social interactions... Apple iPods and iPads... Ritz Carlton... Olive Garden... all have two things in common: Brilliant INNOVATION combined with Brilliant MARKETING.
Without question, marketing focuses on the satisfaction of customer needs, wants and requirements.
Marketing is fundamentally founded on the belief that profitable sales and high returns on investment can only be achieved by identifying, anticipating and satisfying customer needs and desires... and then becoming their "trusted solution."
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In order to distinguish pure marketing from other related professional services, S.H. Simmons, author and humorist, relates this anecdote. "If a young man tells his date she's intelligent, looks lovely, and is a great conversationalist, he's saying the RIGHT things to the RIGHT person and that's MARKETING. If the young man tells his date how handsome, smart and successful he is — that's ADVERTISING. If someone else tells the young woman how handsome, smart and successful her date is — that's PR (public relations.)"
Think of marketing management in these terms: If business is all about people and money and the art of persuading one to part from the other, then marketing is all about finding the RIGHT people to persuade... and give them the big REASON why.
According to Theodore Levitt, the world's greatest marketing mind and author of The Marketing Imagination...
"Exceptional marketing and marketing management is critical to building a business because it establishes credibility and brand authority in the eyes of current and potential customers. Marketing management, when well done, spells the difference between a business that becomes nothing more than a draft nag, and a racehorse where WINNING is everything."
In fact, great marketing means, Everything Matters...
Every aspect of a successful business is guided by exceptional marketing: Your trade dress, company colors, advertising programs, corporate communications of every nature, brochures, handouts, signage, flyers, catalogs, labels, shelving, PR, marketing research, your organizational attitude (young and hip/ mature and respected)... promotions, pricing, channels and methods of distribution, product research, packaging, uniforms... everything that either creates or leaves an impression (hopefully positive) on every member of your potential audience.
Beyond simplistic demographic analysis and more sophisticated psychographics, successful market strategy and brand positioning is based on exceptional behavioral analysis where you truly "get under the customer's skin"... seeing even what the customer him or herself cannot begin to see... intrinsically "wanting" what you sell without fully understanding why or the appeal.
When marketing is done well, it is virtually indistinguishable from pure MAGIC... where purchasing your products and services almost seem like an "involuntary impulse"... the positive effect of pure "conditioned response".
No question, great marketing is an essential INVESTMENT, not a COST to be shaved.
Great marketing must be BUILT in, never "added on." It is framed in TRUST and INTEGRITY. It is telling your audience WHO you are, WHY you can be trusted to serve them, and all the "feel goods" about HOW and why they should choose you over your competition.
It is found in the shape and color of the Buy Now button on your perfectly designed web site... it is found in the details manifested in the touch and feel of not just your product, but the brochure describing your product... and the TV ads that drove people to request the brochure.
Put simply, great marketing not only makes people WANT to do business with you... it makes it EASY for them to make that decision. To build a truly great business, you must take these two words dead seriously: INNOVATION and MARKETING.
Innovation comes first... staying ahead of the customer just ever so far... and brilliant Marketing makes sure your customers "get it" and "want it".
Clearly, making you stand out from the herd — the Purple Cow of your industry as marketing expert Seth Godin would say — is what the Marketing Management function is really all about.
Excellence At This Function Means You Can Say...
This Golden Function is composed of the following sub-functions and actions — things which must be done to guarantee your success.
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