skip to Main Content

12 Lessons All Leaders Can Learn About Launching New Products and Services …From the 2009 Health Care Reform

Watching the current 2009 Health Care Reform Initiative has valuable lessons for all leaders throughout the world if we take time to pay attention. I think it was Einstein who said “the definition of insanity is doing the same thing over and over again and expecting different results”. The current 2009 Health Care Reform Initiative has strong emotional attachments regardless of which side of the debate you reside.

It is often the life lessons with emotional attachments we remember most.

The goal of my last series of blog posts was to share business lessons leaders can learn from watching and living the 2009 Health Care Reform Initiative. I tried to focus on the business principles and not take a partisan view. If you have read any of my posts you will not be surprised to learn I am a Christian, American, and Republican….in that order. I am proud to be an American and I admit we can always improve as a nation, however having traveled the world I can say first hand how blessed I feel to live in the United States.

As for our President, I follow what our Lord taught us in the Bible and I pray for him. I pray the Lord gives him and all our leaders wisdom, discernment, and the courage to act upon what the Lord instructs him to do.( and not those of this world) I have received a number of emails since launching this blog thread. A number of those felt I was “bashing” our President, and if my word choice made you feel that way I apologize.

As a man, I have no problem with President Obama and if asked I would welcome the opportunity to be a part of the solution.

As our leader I must follow him, support him. If he loses, I lose…we all lose.

What I challenge is the process of this initiative.

My intension was to ;

“focus on the problem and not the person”

There are a number of lessons we can glean from watching life lessons before us.

I am sure there are many more lessons if thought leaders wish to add content:

  • the impact of social media on the 2009 Health Care reform Initiative

  • Lessons in leadership when a launch goes bad

  • The cost(s) of change

  • The psychology of change

  • When tempers flair seek first to understand and find common ground

  • …and I am sure there are many more

 

 

12 Lessons All Leaders Can Learn About Launching New Products and Services …From the 2009 Health Care Reform?

 

#1: Without a Clear Definition of the Problem You Want to Solve, You Will Experience “Scope Creep” and Your Launch Plan Will Fail

 

#2: Without a Clear Definition of the Problem You Want to Solve, you cannot write good requirements for your development team

 

#3: Without a Clear Understanding of the Problems to be Solved, and Requirements, Development will Build Solutions Because They Can and Not Because They Should!

 

#4: Your Previous New Product Launch success (or Failures) Affect Current and Future Launches

 

#5: Without a Clear understanding of the Problems your New Product Solves, Marketing will resort to “Buzz Word Bingo” and “Gobbledygook”

 

#6: Without a Road Map Your “Administration” Will Attempt Too Much, Too Fast and Not Achieve Any of Your Goals

 

#7: Asking…and not listening to your market, is worst than not asking at all…

 

#8; Buyers Become Tone Deaf to Lazy Marketing Messaging

 

#9; Make Sure Your Marketing Has All the “Rights” Covered…Fix the Right Problem

 

#10, #11, #12; Make Sure Your Marketing Has All the “Rights” Covered…right time, right customer, right offer

 

What other lessons have you learned, or are learning as we watch the 2009 Health Care Reform Imitative?

Is your organization making some of the same mistakes? Why?

Are you about to Launch a New Product or Service and you adjusted your plan based on the above 10 posts? If so which posts and how?

How can we unite as Americans and stop Blame Storming?

Do you feel I was wrong to use this real life emotionally charged lesson to blog about? Why, Why not?

Technorati Tags: 2009 Health Care Reform Lessons,Prodct Launch,Marketing,Market problems,strategy,blame storm,market leader,market loser,buyers,buyer problems

2009 Health Care Reform Initiative Lessons #10, #11,#12; Make Sure Your Marketing Has All the “Rights” Covered…right time, right customer, right offer

A basic marketing tenant says make sure you have all the “rights” covered in your New Product launch, New Service Launch. I discussed solving the right problem in my last post and that leaves the following “rights”; Right Time, Right Customer(s), and Right Offer(s).

Failure to nail all the rights puts your new product and or service launch results in jeopardy of missing ROI targets. Let’s take a quick look at these “rights”.

Right Time

One of the difficulties the Obama administration faced when launching the 2009 Health Care reform initiative was bad timing.

Like companies who have launched products in their markets before they were ready, or failed to meet the expectation set by marketing and sales, the Obama administration could not have launched at a worst time. They followed a failed stimulus from the Bush administration, a failed stimulus from the Obama administration, and they tried to begin their launch in the worst economic conditions the United States has seen arguably since the Great Depression.

When you launch products that are not complete solutions, or are not solving a specific problem, your market at first becomes suspicious, and if you repeat the insanity (doing the same thing over and over again expecting different results) you eventually break the trust in your Brand. When trust is broken you turn loyal customers into shoppers again.

Market leaders understand the importance the right timing plays in hitting their new product launch goals and the ROI’s promised the board and or shareholders.

Market Losers are so in love with their new product they fail to listen, they fail to send out market soundings and often their launches crash into the rocks of bad timing

.

Right Customer

In the Book Tuned In the authors discuss how to determine if the problem you are trying to solve should even be considered for development. They discuss the need to determine if the problem is urgent, pervasive (a bunch of folks have it) and most important, is your market willing to pay to solve it?

As we look at the “market “of US consumers we have distinguishable groups that can be segmented: Gen Y’s, Gen X’s, Baby Boomers, and Retired Consumers, consumers without health insurance,…just to name a few.

When you launch a new solution the burden is on you and your organization to clearly understand the problems of each market segment and solve them.

Once you solve problems the burden is also on you to clearly articulate the problem(s) you solved in the voice of the market.

Market Leaders understand the importance of segmenting their markets and speaking to each segment in a voice that they understand.

Market Losers launch with one size fits all solutions that require a salesperson to interpret, and fail to be understood and therefore Miss ROI targets.

 

 

Right Offer

When you thoroughly solve problem(s) for specific segmented groups in your market, you create offers that are made to stick. The offer is clear and does not require a rocket scientist or an attorney to understand. These perfect solutions instantly connect and become viral in all your targeted market communities. Social media picks up your solution and cannot wait to share how you solved the problem.

Market Leaders understand and value the impact social media can play in a successful Product launch.

Market Losers use Ready-Fire- Aim new product launches that, not surprisingly end in disaster.

Market Losers do not understand the power of Social Media and how it can be a valuable ally or an incredible foe that literally can cause you to go out of business.

How about your business….

Do you have all the “rights” covered in your next new product and or serve launch?

Are you living a launch disaster now?…tell us about it…

Have you successfully launched a product without having all the “rights” covered? If so, tell us about it.

Do you have clearly defined solutions or are you practicing “Agile Product Launches” …how’s that working for your shareholder value?

Are there other “rights” we need to consider?…Right Channel?….

Technorati Tags: Right customer,right offer,right time,Obama Health care,health care reform lessons,marketing,New product launch,market loser,market leader

2009 Health Care Reform Initiative Lesson #8; Buyers Become Tone Deaf to Lazy Marketing Messaging

Marketers who build their message from within the perceived safety of their office walls create lazy marketing messages that are perceived as safe, but do not resonate in the marketplace. When marketing and their creative teams build messaging from an inside out approach, versus the market needs and problems in, they create noise and buyers learn to tune out to the noise. If you continue to violate your buyer trust with luke warm messaging that fails to explain the problems you solve for them, your buyers become tone deaf to all you’re marketing.

Scientists who have studied people who are tone deaf have found they lack specific connections in their brains. These individuals have an interruption in the synapses and thus no longer able to distinguish changes in pitch.

Your market becomes tone deaf by hearing repeated messages that do not resonate so they learn to disconnect from your product and your Brand.

The Obama administration is now in that ever so common place entrepreneurs find themselves after rushing to launch without doing the market research and connecting to buyer needs early on. When you launch products with a; Ready-Fire-Aim approach you miss your target and may actually hurt your relationships with buyers in your market.

The current administration was so focused on hitting a launch date (hasting) they compromised the needed upfront strategy work. When this occurs in your business, you launch expecting to sell 3,000 units of your new product or service and in reality you only sell 3.

Market Leaders recognize they have a problem early on, conduct win loss interviews, dive deep into their market to gain understanding (and not sell), and create learning’s.

In the Bible it talks about the sailors sending out “soundings” in the black of the night during storms at sea. What they were doing was listening for land, and more importantly rocks that could sink their ships. The Obama administration needs to be connecting to the market, and listening for soundings and not selling.

Once you learn more about your buyers, their problems, their buying process, buying criteria, and develop buyer personas, you can speak to them in a voice they hear an understand.

Market Losers just tell the same message, over and over again.( hoping this time it sticks)

Market losers are like Americans hiring taxi cabs in foreign countries…if the driver does not speak English…we just speak LOUDER!

Market Losers create Lazy messaging because they failed to do the strategy work upfront and pay in missing ROI targets and more importantly broken brand trust in their market.

If you find yourself in the middle of a storm brought on by underperforming sales to goal…

If you find your marketing team trying to convince you to spend more, have more placements and impressions, you may be dealing with a tone deaf market.

What do Market leaders do?

  • understand the value of spending time upfront in their markets

  • understand buyers and their problems

  • segment those buyers into common groups

  • create buyer persona

  • speak to their buyers in a voice that resonates

  • Constantly send out soundings in their markets, always listening…

How about your company…

Are you in a Taxi cab In Mexico City trying to speak louder in your market?

Does your team practice; Ready-Fire- Aim Product Launch?

Have you learned to become Tone deaf to the Obama administration messaging?

Is your messaging resonating with your buyers…or is it lazy marketing noise?

Can you afford to have your lazy marketing negatively affect your Brand image in the minds of your buyers?

Technorati Tags: messaging,marketing,buyer persona,market leader,market loser,obama,president obama,health care reform leasson,market problems

2009 Health Care Reform Initiative Lesson #7: Asking…and not listening to your market, is worst than not asking at all…

A number of organizations are so focused to achieving their objectives that they stop listening to their market. Oh, they ask the right questions, (like they are supposed to) but they only hear the answers that are in alignment with their internal goals, understanding, and historical data. The market (your market) has changed as I discussed in my post interviewing salespeople. So asking open ended questions in your market is imperative to gaining current information and understanding the buying process of today’s market. When organizations ask, but not authentically listen, they create more damage in the trust between their team and their market than if they never would have asked in the first place.

I received an email invitation to attend a telephone town hall being held by Harry Mitchell. What the message said was;

U.S. Rep. Harry Mitchell will participate in two live telephone town hall meetings to discuss the issue of health care and health insurance reform on Wednesday, August 26, with individuals residing in Arizona’s Fifth Congressional District.

“I believe that the telephone town hall format maximizes the ability to engage respectfully on the issue with folks across the district,” Mitchell said. “Reaching more people and taking more questions provides an opportunity to constructively listen to the thoughts, concerns and opinions of people and to answer their questions about the proposals in Congress.  I also want to highlight the provisions where there is bipartisan agreement and on benchmarks I believe should be met in order to gain my support.”

I have followed Harry Mitchell since moving to Arizona and what appeals to me is he seems to be a regular guy, someone I could call and have a conversation with. Someone, unlike a number of representatives in Washington, he is one of us. On his website he does a much better job than the Obama administration in clearly stating his views;

As I meet with people throughout the district, many have shared with me personal stories about health care.  Like most Arizonans, I believe that rising costs and the threat of losing existing coverage is cause for great concern.

Our health care system needs reform and I believe that it should be comprehensive. Reform should not only improve access to affordable and quality care for all Americans, but it also needs to also preserve individual choice and protect competition in the marketplace.  Reform should not leave individuals with fewer options, should not add to the national deficit, and should not leave doctors with inconsistent and low reimbursement rates as is often the case with Medicare.

This page closes with:

While our advances in the health care system are the envy of the world, too many Arizona families and businesses are facing skyrocketing costs, the threat of losing coverage, or denied care by their insurance companies.  Reform needs to protect what works and fix what doesn’t.  Any solution must first start with an open and honest conversation that gives all of the stakeholders in the debate a seat at the table.  That includes you.

As legislation works its way through Congress, I will continue to review the bill and monitor its changes.  I have also created this resource page where you can also read the bill, access information about the legislative process, and contact me with your thoughts.

Awesome, he clearly has done what I ask business leaders to do;

go out into your market, discover their needs and unresolved problems listen and do not try to overcome their objections…

Here’s my concern; Is a telephone conference call truly the best venue for you Harry, and your brand?

I do not think so, and I think it will be the biggest strategy mistake in your career….but I may be wrong. For me it is an interruption in your Brand. But then again all who Am I? I live in Arizona, I am a Republican, and I help business people connect with their markets which ultimately results in explosive growth. However, what this “feels” like is you are trying to control the voice of the customer. Whoever recommended a telephone conference, in my opinion, should be asked to serve in another capacity on your staff. I thought it might just be me, so I asked a number of friends, and unfortunately perception is reality and the perception is you are afraid, and you want to control the venue. The reality may be you truly want to serve more people in a better way; however the execution does not match your Brand so we are Branding you by Default.

I tried to sign up for the telephone conference but your web site said;

Note: Due to heavy traffic, we are experiencing delays with our email system. If you encounter difficulties, please return later and try again.

Did you not expect heavy traffic? Did your advisor not research what was necessary to support this venue, support you?

Here’s the problem, we the American people have lost trust. The shame is you “feel” like a great , Authentic guy next door, (like someone I wrote about ), however this teleconference “feels” like you will be “telling and selling” not listening.

It feels like you are trying to control the voice of your customers and shape a confirmation of what you already believe and not listen and learn.

When you ask buyers why they do not buy, most think it is price, or the product is not right…but what buyers tell you the top two reasons are;

#1 the salesperson did not listen

#2 they did not understand my problem

Keep in mind, as consumers, we Love to buy…we hate being sold!

I truly hope your motivation was to reach more people and provide a positive venue to address real questions. I was not able to participate but I hope to hear from those that do. However, if you are trying to control the voices of your marketplace, stop, and have someone on your staff buy you a copy of a book titled: World Wide Rave.

How about your business…

Are you asking and not listening?

Are you trying to validate and support your beliefs or are you authentically listening and connecting to unmet needs?

Are you “selling and telling” or listening and solving?

Did you attend the teleconference? How did it make you “feel”?

You see, at the end of the day how markets “feel” about you, your company, your Brand, and if you and your team authentically Listens, Understands, and solves my problems affect their purchase decisions. Each purchase is a vote of confidence.

Technorati Tags: town hall teleconference,listen to your market,find market problems,not listening to your market,brand,brand by default,Harry Mitchell

2009 Health Care Reform Initiative Lesson #5: Without a Clear understanding of the Problems your New Product Solves, Marketing will resort to “Buzz Word Bingo” and “Gobbledygook”

Just as marketing often throws products “over the wall” to sales, development often throws products over the wall to marketing. When marketing lacks a clear understanding of the problems your product solves, the buyers they solve them for, and a clear understanding of the criteria and process those buyers use when making buying decisions marketing resorts to “Buzz Word Bingo” in hopes that something they say sticks.

Marketing’s job is to create a story that spreads.

Or as Seth Godin states “Marketing tells a story that spreads”.

Without market knowledge and a clear understanding of the problem(s) your new product or service solves the marketing message becomes one of “Gobbledygook”.

As David Meerman Scott explains on his Blog Web Ink Now, That’s how so many PR people write — using gobbledygook-laden phrases that are so overused to have become meaningless.

 

When marketing creates buzz words and Gobbledygook it makes your market nervous as you have not clearly stated the problem(s) you solve for them, …so they assume.( and we know what happens when we are left to assume…)

One symptom your marketing story has gone astray is the need to have specific messages that address the myths in the market that have grown due to a lack of story clarity. Your marketing efforts will move away from developing a story that resonates with the market and they will produce defensive copy like: Top Five Health Care Reform Lies—and How to Fight Back.

All of the above are signs of a solution being thrown over the wall to marketing without a clear understanding of the problems your new solution solves and marketing is playing catch up. What should have been market research and testing of messages becomes surveys to validate the need. It gets really dangerous when development asks marketing to “create a need” for this new solution they just threw over the wall.

What should we all remember about creating stories that resonate in our markets so we do not have to be defensive? Cheryl Clausen helps us understand what it takes to write a good story in her blog: How to Put Life in Your Sales .

 

As you develop your short powerful story include these elements:
  • Curiosity – Incorporate unexpected things, open a loop with an incomplete thought you have to stick around to finish
  • Make it about the people who buy your stuff either explicitly or implicitly
  • Keep it logical – Stories have a plot.  Therefore, a person like the people who buy your stuff must have an urgent challenge or problem that is resolved as a result of the actions they took.

 

It does need to:
  • Speak to the right people
  • Share the right message
  • Tell your story the right way
  • Connect with people at the right time

  • Focus on the right reasons people want to act

     

If you find the market is struggling with the messages your marketing has created and its stories, what you are experiencing is your lack of market knowledge and the problems you solve is showing.

Chances are you are experiencing a Hasted effort to market without clearly understanding the unresolved market problems you were supposed to solve, your buyer personas, and an understanding of your buyer’s buying process.

You can keep trying to catch up and or defend yourself and your new product idea, or you can back up and spend time understanding the needs of your market.

You must stop telling and selling and start asking and listening.

In the process of doing so create buyer personas and speak to those personas in their voice. You must make your story specific to those most likely to buy.

When you use your understanding of your buyer personas and their voice you can create concise messages that are easy to understand and are emotional engaging.

How about your company….

Are you throwing products over the wall to marketing and they are using Buzz Word Bingo in hopes that something sticks?

Is your website full of Gobbledygook that fills a lot of white space but says nothing of value to your buyers?

Do you have to defend your solution and expose myths?

Technorati Tags: Buzz wrod bingo,Obama,Health care reform,marketing stroy,message,market

2009 Health Care Reform Initiative Lesson #1: Without a Clear Definition of the Problem You Want to Solve, You Will Experience “Scope Creep” and Your Launch Plan Will Fail

Without a clear definition of the problem(s) you solve with your new product or service you will experience scope creep and your team will thrash around. When you thrash around you have a number of starts and stops without completely solving each individual initiative. Not only is this behavior ineffective but it is costly and often dangerous.

Fundamentally I agree, if what the news media tells us is true regarding; the number of uninsured Americans, the rising costs of care, the rising costs of caring for uninsured Americans,… that there is a problem that needs to be solved. However I do not understand the problem, or problems we are trying to solve with the 2009 Health Care Reform Initiative, nor how the over 1,000 page proposal solves them.

I see this frequently with entrepreneurs. They discover what they perceive to be an unresolved market problem and the solution is crystal clear (to them) so they launch. They take out 2nd mortgages, they cash in their 401k, and they ask family and friends for support. (Money) They share their brilliant idea with their buddies on the golf course to validate their idea and everyone says… ”brilliant idea”. However very quickly they learn an expensive lesson when they expect (and have created the support) to sell 60,000 units and only sell 2.

Without a clear definition of the Problem you solve your New Product Launch Plan will fail.

Instead of clearly defining the problem, quantifying the need, making sure people want and will pay money to solve that problem they broaden their scope. Now they have a number of messages floating in their market that are Luke warm at best and none clearly articulate how you solve any problems for buyers in your marketplace. None are connecting with anyone.

Read more

“Dumb and Dumber, FOX and Warner and how they are Planning on Delaying Deliveries to Red Box

Lloyd and Harry reach Aspen on Scooter in Dumb and Dumber

FOX and Warner Bros delaying new movie releases to Red Box and other kiosk vendors is like watching a new release of Dumb and Dumber.

In the Wall Street Journal article: Warner Bros. aims to lift DVD sales, will delay arrival at rental kiosks. They discuss how they plan to delay new releases to DVD rental kiosks.

The movie studios are concerned about their DVD revenues.

The market is not only speaking, but screaming how they are raving fans of DVD rentals Kiosks like Red Box.

The current big customers like Blockbuster and others are posting over 22% losses in revenues when kiosks like Red Box are showing consistent and impressive gains. Call me crazy… but your market is speaking guys…can you hear me now? Red Box Kiosks are described as; “The hottest thing in movie rentals is as old as the Coke machine — and just as red.”Their CEO Gregg Kaplan said “We are incredibly proud to achieve 200 million rentals and 10,000 locations nationwide.”

The studios have a choice, they can try to “control” the market, the buyers, or they need to intimately understand the market, buyers and needs and not only embrace the new ways consumers wish to consume content but enable it.

Thirteen years of my work experience was serving the movie distribution, rental and mass retail. How Warner and Fox are behaving is no different than how they all were behaving worried that this new thing called “movie rental stores “would erode their box office revenues in the mid 1980”s.

Market losers try to control the market and they protected their current cash cows while ignoring the consumer’s voice. They ignore the bright lights of growth and change trying to tightly hold on to past business models their markets no longer value.

Market leaders spend time getting to know their market and they quickly understand consumers who rent movies also go to movie theaters and some even buy movies and collect them.

When we rent content it is about wanting entertainment in a convenient and cost effective way for me as a consumer. You can try to control us, however when you do we find other ways to solve our needs and often they are much more severe to your bottom line. Besides, how long will it be before one of your competing studios blinks? Didn’t we live this same scenario “back in the day” And what happened…aggressive smaller studios emerged understanding the needs of consumers and and one of you big guys blinked. Some of you held your ground (more stubborn and stupid, driven by your own needs and egos instead of being strategic marketers) and how did that work for you back then? I remember, do you?

I can remember the 28,000 independent video stores and large movie distributors placing pressure on the studios to not ship new video releases directly to this 14 store chain in Texas called Blockbuster. At the time they were buying through distributors like Big State, Commtron, Ingram, and others. Well that little chain of 14 video rental stores quickly became a market leader.

I am a huge fan of Red Box.

They solve problems for me;

· I want to rent a DVD fast, I like the experience

· I want to rent a DVD and do my grocery shopping in one trip, in one location, one stop ( I am already late for dinner)

· I do not want to pay what Blockbuster charges , no late fees …but still a lot more than $1.00

· I only want the movie for one night

· I don’t want to have to join Net flicks or others and pre plan my month of movie viewing

· At a $1.00 rental, I feel like I receive a value , if I like it I go to Wal Mart and buy it

· I do not want to have to “shop” at a movie rental store only to find out they have all the new releases checked out

· I do not want to pay more for a new release than an older movie

· I do not want to buy movies through my cable provider as they are already raping me with what they charge

· The box office theaters are increasing their prices ( again, feels like they are thinking about their own needs and not mine)

So what are you going to do Dumb and Dumber? Are you going to repeat the past and focus on your needs or are you going to understand the market, it’s consumers and our changing needs and not only enable us to enjoy movie entertainment, but who knows you may even find new products and serves that solve our unresolved problems that Red Box fails to solve?

When I wrote my post : Attention leaders: Don’t look now but your lack of market knowledge is showing… I was talking about companies like you that have lost touch with their markets and they guess , assume, and use their gut and intuitions as their way of hitting their goals. They make inside-out versus market -in decisions and their shareholder values decline rapidly.

Your choice…focus on your internal needs and try to control the market… Or gain an intimate knowledge of your market today and it’s consumers like me and build products and service delivery systems that serve me and solve my unresolved problems.

Oh I can hear the movie exec’s now…”easy for you to say, we have billions at stake here.” Well you are right, you do. But you will eventually supply the kiosk companies with new releases at the same time as others. While you figure it out, Red Box will go to a mass retail store on the day of the new release and buy them. While you figure this out you will remove profit from your movie distributors.

So the question is how long do you want to be a “buggy whip” manufacturer saying this horseless carriage is a fad? Or, do you embrace your market, its changes and evolve into a new company that meets our needs today and into the future?

Maybe you develop a “imovies” since my kids seem to download their favorite DVD’s onto Apple laptops? The only hassle is the download from the disc. Not a big deal, but maybe you take the time to understand why they are doing this, the problem it solves for them and solve it brillantly?

We are all watching…

How about your company….

Are you trying to control your market? How’s that working for you?

Are you trying to control your vendors trying to slow down a new service model in your industry?

Are you the buggy whip manufacturer saying this new horseless carriage is a fad and will never last?

Or are you studying your market, your consumers and intimately understanding what and why they do what they do?

All is not lost by the way as some forward thinking buggy whip manufactures found as they learned to make leather seating for these horseless carriages.

Trying to control a market is foolish and expensive. Understand and embrace your market and become a market leader, not a market loser.

Technorati Tags: FOX,Warner Bros.,Red Box,Market leadership,Market leader,market loser,Blockbuster Video,Marketing,market change

More Big-Money-Wasted by BMW in new ad campaign? We will have to wait and see…

I read an article on BrandWeek today by Anthony Crupi titled: BMW Pumps Diesel and Anthony did a particularly good job in grasping BMW’s objectives behind what we are about to see in a new BMW ad;

“For us, it’s about changing the perception that diesel is still that noisy and smelly [technology] many people remember from the ‘70s.” “For us, it’s about changing the perception that diesel is still that noisy and smelly [technology] many people remember from the ‘70s.”

The trouble is, as a potential consumer of one of your driving machines…I really do not care Patrick (the guy in charge at BMW) what it is about “for you”.

What problem are you solving for me?

Affluent Americans don’t want to sacrifice performance for fuel efficiency,” McKenna said. “The 335d can go from 0-60 [mph] in 6 seconds flat …That’s immediate power.”

Now you are talking!

But what about starting my diesel car at the Cleveland airport in the winters…did you solve this?

Although not as focused on the environment and fuel efficiency as I should be, I do follow the cost per gallon of fuel, and if I am not mistaken, one of the historical advantages of why consumers chose diesel vehicles was the lower cost per gallon.

On the one side you have Mercedes, who did a great job of connecting their product to; Luxury, power and torch, and longevity (they run forever)

On the other side you have VW who have raving fans of their economical diesel vehicles that are fun to drive and last forever as well. VW too is tapping consumers on the shoulder today with a message of ““Better performance AND higher gas mileage than a Prius”.

From my days in international sales I still have relationships with past JV partners in Germany that are now friends and they openly share how fun their BMW 3 series are to drive.

GO TALK WITH CURRENT RAVING FANS NOW; CONNECT TO THEIR VOICE, THEIR PASSION, CLEARLY UNDERSTAND, IN THEIR VOICE THE PROBLEMS YOU SOLVE.

What this “feels” like is you are trying to win the hearts and pocket books of “potentials” those people who are not current customers, and are not currently shopping, but thinking about diesel vehicles? So you are actively attacking their perceived problems with your solution. Your current raving fans in the US who own M5’s will pass on your new offering.

So who is your targeted buyer persona?

New buyers of diesel vehicles are more likely to swing into VW’s camp as their position is clearly defined if their need is; fun to drive, economical, and longevity. If what they want is performance and Luxury, they will swing to Mercedes who currently owns this position.

Is this Product Launch (re launch really as you are one of the leaders in diesel vehicles in Europe) an example of “Right idea but late?” We will see…

I am looking forward to see this ad, as I am a huge fan of your vehicles, engineering, fit and finish, just not a fan of your execution of marketing “messaging” as of late as I discussed in my blog post : The Expression of Joy Ad campaign by BMW; May be an Expression of Big Money Wasted http://nosmokeandmirrors.wordpress.com/2009/07/28/the-expression-of-joy-ad-campaign-by-bmw-may-be-an-expression-of-big-money-wasted/ . Business leaders follow you “Big Guys” and I would hate to see smaller businesses clouding their messaging with “creative that requires an interpreter”. (But there I go again being a ROI driven Neanderthal)

Again Patrick, you make amazing vehicles, but because of that my expectation is your messaging will also be amazing. To be amazing I want to “get it” when I see it, and not be like everyone else in a packed movie theater and groan when your ad is played.

I want you to clearly state the problem you solve for me. I do not want some “foo foo marketing creative” that requires an interpreter, because then BMW means Big – Money- Wasted to me.

 

How about your business….

 

Does a big expensive ad add value in your business?

 

Or do they send a message you are disconnected to the market’s true needs?

 

Or worst, do these big budget ads and media buys make you, as a loyal customer feel you must have over paid for their product if they can afford such Big Money Wasted?

 

I predict this campaign will be a flop if I need an art director to explain it to me and they do not explain their distinctive competence clearly with an emotional attachment  that resonates with me.

 

Technorati Tags: BMW Z4,BMW,Ads,Advertising,message,messaging,problems you solve,marketing

Mentor Moment #12: Dance with the Date who Brought you to the Dance

There are a number of ways to grow a business; sell current products to current customers, current product to new customers, new products to current customers and new products to new customers.

However far too often companies spend a disproportionate amount of time and energy is spent on new customers and not building relationships with current clients. You must insure you focus on serving current customers.

Current customers have given you their vote, their trust when they placed an order with you

. Market leaders understand the importance of including current client development programs in their growth objectives. Market losers forget who brought them to the dance, and give all their energy to chasing new dates …and often go home alone broke. Market losers are unaware of the interruptions for current clients and often turn customers into shoppers again.

How about your company….

Do you have current account growth plans in place?

Do you have a KPI for retaining and growing current customers?

Once you lose a current customer how hard and expensive is it to win their love again?

Technorati Tags: sales,sales growth,grow current customers

Are You a Sales “Stallion” or an “Order Taking Gelding” Headed For the Glue Factory?

When I wrote my post: Are you enabling your Sales Force or emasculating them? I discussed comments made by salespeople selling in today’s economic climate. In addition I shared other leader’s comments about their view of salespeople and my preference to hire sales Stallions over order taking geldings.

I had a couple of salespeople contact me concerned if they were sales Stallions or order taking geldings. So I decided to share some of the questions I asked them on the telephone in hopes it helps others determine where they fall. But before you answer these questions please understand that teams require all types of people with varying degrees of gifts and experience. If you are an order taker, then be the best order taker with the greatest accuracy to detail in your company…just do not call yourself a salesman nor expect to be paid like a sales stallion.

1. In the last 6 months have you identified a change in your buyer’s buying process that requires a new sales tool?

2. In the last 6 months, have you challenged a corporate norm that is self serving to your organization and not customer serving?

3. Would you describe your role as “fighting for your clients?”

4. In the last 3 months have you experienced conflict with key influencers in other departments in your organization in your efforts to better serve your clients?

5. Has an account thanked you for your quick follow up in the last month?

6. In the last 30 days have you taken a bold action to serve your client without seeking your manager’s permission?

7. Are you in the top 10% of performance to goal in your sales team?

8. Are your accounts in the top 20% of most profitable accounts for your organization?

9. In the past week have you presented your management clients needs for approval?

10. In the last 24 hours have you asked for a clients oder?

 

If you said “No” 2-3 times be careful as you are on the verge of becoming an order taking gelding.

If you said “No” 4-6 times, don’t look now but you have become an order taking gelding. If that is who you want to be, then be the best you can.

If you said “No” to 7 or more of the above questions not only have you become a order taking gelding, but you are headed for the glue factory if you do not change quickly.

Sales Stallions spend 2/3 of their time listening and understanding the needs of their clients. Stallions understand the needs of their clients and solve those needs with the products and or services they represent. They become internal champions who fight for the needs of their clients. Sales Stallions consistently produce profitable sales revenue. Sales stallions are experts in their client’s buying process. Sales stallions are in the top 10% of sales to quota performance.

How about your company….

How well does your organization embrace client needs?

 

Does your company welcome your fighting for the needs of your clients? Or do your actions politically hurt you?

 

Have you been told to “sell through your client’s objections” when you share your clients’ needs?

 

Are your companies ‘policies and procedures written to better serve your clients, or your own organization?

 

If you have challenged one of those; “how we do things around here” rules how was it received?

 

The role of salespeople today is to help guide clients to a sale. Salespeople must become internal advocates for their clients and help their buyers buy, versus selling them. If you are a stallion in line to become a gelding to survive in your organization, you need to ask yourself if you will be happy making that compromise for a company that is disconnected to the needs of its market.

Technorati Tags: sales,buying process,sales process,sales stallion

It’s never too late to jump the fence before you get your… “Values”…. snipped.

Back To Top
Verified by MonsterInsights