Posts Tagged ‘competition’
The Business Case For Creating Great Customer Experiences
Saren Indah is a tiny fifteen room hotel in Ubud. It’s hard to stand out from the crowd in a market where amazing seven star resorts line up alongside cheaper than cheap backpacker accommodation. How do you differentiate when you are not the biggest, flashest or cheapest? Saren Indah should be lost in the mediocre…
Read MoreShifting The Focus From Results To Relationships
There’s a problem with how performance is measured by both ourselves and in our organisations. Typically you have a budget and targets to achieve. The purpose of the budget is to make sales go up, or waiting times go down. Our systems are designed to judge and reward us on results. If the campaign you…
Read MoreThere’s More Than One Way To Tell Your Story
In 2004 Chanel paid $33 million for the production of a two minute film which became the most expensive advert ever made. In a post GFC economy that figure seems shocking, but Chanel is one of the most valuable global brands. They have the marketing budget and they’re not afraid to use it. Dropbox was…
Read MoreNo Business Is In A Market Of One
When dance partners compete they know the other couples are there on the dance floor with them, but they never focus on what the competition is doing. Instead they relentlessly hone each move and perform it for the audience as if it were their only chance to dance the dance. They don’t allow the fact…
Read MoreWhoever Gets Closest To Their Customer Wins
Let’s consider how the business world has been turned on its head in less than a decade. We only need to think about fourteen brands in order to understand the shift. APPLE vs. SONY. AMAZON vs. BORDERS. NETFLIX vs. BLOCKBUSTER. AIRBNB vs. HILTON. UBER vs. CABS. NEST vs. HONEYWELL. TWITTER vs. NEWS CORP. It turns…
Read MoreWho Decides What Wins?
The app developer will spend hundreds of man hours writing lines of perfect code in the hope of making his final product the best in the world. The cafe owner could pull thousands of shots in order to create the perfect cup every time. The entrepreneur might invest months agonising over design decisions to launch…
Read MoreMarketing Is About Giving Your Customers A Story To Tell
We’ve been stuck in a time warp for the past fifty years with a marketing model designed to sell things to our grandparents. A model that’s kept media buyers in jobs and many media outlets afloat. Marketing used to be what we told our customers to believe about us. What matters more now is how…
Read MoreWhere Wile E. Coyote Went Wrong
Do you remember those old cartoons where Wile E. Coyote is so focused on outsmarting The Road Runner that he inevitably ends up getting in his own way? He spends so much time and energy trying to be one step ahead of the bird that he forgets what his end goal was. It’s easy (and…
Read More3 Essential Marketing Questions
As marketers we invest a great deal of time and money working out how to tell the story of our products. But if we can agree that marketing is giving people something to talk about, why aren’t we using resources in equal measure to do that. What if we began with a new set of…
Read MoreThinking About Marketing As A Strategy For Growth Not Just Sales
Mostly we market to sell more. The restaurant owner who tells his staff to remember to ‘push drinks and bottled water’ is marketing for increased sales today. The alternative is to be the marketer who bakes growth into his business by delighting customers, giving them a story they want to tell (and a way to…
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