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How to Keep Your Focus on Your Home Business Goals
As you begin your new home business you will find there will be hundreds of distractions that will fight for your time and attention. If you are new to working from home you will have to deal with such issues as family interruptions, friends,...
Managing a Responsible Pay-Per-Click Campaign
OVERVIEW What is PPC? Pay-Per-Click is a paid form of advertising, popularized mostly by the "search engine" GoTo (now called Overture). The concept is fairly simple. Businesses bid to be placed at or near the top of the search results for...
Something From Nothing, With Something To Share
You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated - send to: GregReid@AlwaysGood.com Something From Nothing, With...
Walking on coals of fire. Three ways for business owners and others to overcome their lack of belief in themselves
Why do so many of us lack belief in ourselves? Why do we doubt whether we can succeed in working for ourselves? How can we solve this problem and start discovering the huge power that belief in ourselves brings? Millions of people do not believe...
Work-from-home Office Policies
It has come to our attention that self-employed people have somehow escaped the burden of "office policies". No longer. Now even work-from-home hermits can revel in the burden of "office policies." (This is part three of a series that began...
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Laws of Marketing – The 10 Immutable
Most marketers believe that anything is achievable if you are energetic, creative or determined enough. But laws of marketing follow laws of business, and if you violate them, you risk your marketing dollars. The conventional answer to all marketing questions is money, which is not true.
1. Law of Leadership – it’s better to be the first than it is to be better. People tend to stick with what they’ve got – e.g. girlfriend and spouse.
2. Law of Category – if you can’t be first in a category, set up a new category you can be first in. Prospects are defensive when it comes to brands – but they have open minds when it comes to categories because everyone is interested in what’s new and not what’s better.
3. Law of Mind – it’s better to be the first in the mind than to be the first in the marketplace. Being first in the marketplace is important only to the extend that it allows you to get in the mind first. Once a mind is made up, it rarely changes. If you want to make a big impression on another person, you have to blast your way into the mind.
4. Law of Perception – marketing is not a battle of products but a battle of perceptions. All truth is relative. The only reality you can sure about is in your own perceptions. If the universe exists, it exists inside your own mind and the minds of others. Marketing is a manipulation of perceptions. What makes the marketing battle more difficult is that buying decisions are based on second-hand perceptions – the ‘everybody knows’ principle.
5. Law of Focus – the most powerful concept in marketing is owning a word in the prospect’s mind. You ‘burn’ your way into the mind by narrowing the focus to a single word or concept – the ultimate marketing sacrifice. Eg IBM is computers.
6. Law of Opposite – if you’re shooting for second place, your strategy is determined by the leader. If you want to establish a firm foothold on the second rung of the ladder, study the firm above you – how do you turn their
strength into a weakness? Eg Pepsi turned Coke’s century old product into ‘choice of a new generation’. Always present yourself as the alternative and don’t be timid – attack the number 1.
7. Law of Division – overtime, a category will divide and become 2 or more categories. Each segment has its own leader – use different brand names for different segments. What keeps leaders from launching a different brand to cover a new category is the fear of what will happen to their existing brands.
8. Law of Perspective – marketing effects takes place over an extended period of time. The long-term effects are often the exact opposite of the short-term effects. Having a sale decreases business in the long term by educating customers not to buy at ‘regular’ prices. The same goes for line extension – they increase sales in the short term but decreases sales in the long term. Less is more – narrow the focus in order to build a position in the prospect’s mind.
9. Law of Candor – when you admit a negative, the prospect will give you a positive. This is because no proof is needed for a negative statement. First admit a negative and then twist it into a positive.
10. Law of Hype – the situation is often the opposite of the way it appears in the press. History is filled with marketing failure that was successful in the press or advertisements.
Whether you're new or experienced in business, looking to increase your sales or just want to fight the recession, Effective and Profitable Marketing is the way to grow your business.
In summary, these laws are very useful and practical. I myself practiced laws 5 and 8 and derived good results from there. That's why I want to share them with you.
About the Author
Gordon Goh is author of the free, informative website Simply Motivation offering quality useful tips for Motivation
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