Posts Tagged ‘intangible value’
How To Fill The Gap That’s Yours To Fill
No bookstore can stock more books than Amazon. No local clothing designer can launch a new range faster than Zara. No artisan chocolatier can sell chocolate cheaper than Cadbury. If there’s nothing your bigger, faster, cheaper competitors can’t do, how will your business keep up? How will you survive, let alone thrive? Your sustainable advantage…
Read MoreMake Fewer Promises
It’s a Saturday night. Jeff, the on-call Planning Enforcement Officer for the local council, is just about to sit down to a takeaway meal and a movie with his wife when his phone rings. Residents close to a new nightclub want him to come and assess the noise levels at the venue. Even before the…
Read MoreMarketing 101
The queue outside Chinatown’s Golden Gate Bakery extends all the way down the street. More people join as customers are served, so the line never gets shorter. Sometimes people show up hoping to buy the famous egg custard tarts through the front door even when the bakery is closed. Locals know to come early and…
Read MoreYou Can’t Mimic Your Way To Success
The Louvre is the most visited art museum in the world. It welcomes more than seven million visitors each year. Six million of those visitors are there to see the world’s most famous work of art, the Mona Lisa. An estimated 16,000 visitors a day jostle in front of the 77 cm x 53 cm…
Read MoreDesign Your Business For The Outcome You Want
Think about a delighted customer and the ten people she will interact with today. What’s the story you want that customer to share with someone about you, your product or service? How do you want them to describe the change you enabled? What words do you want them to use? How do you want them…
Read MoreA Simple Way To Think About The Value You Create
When it comes to communicating our value, we begin by describing the features and benefits of what we make, serve or sell. That’s why we often end up with a laundry list of claims that our competitors could make. There is an alternative. Flip this thinking on its head and reflect on what would happen…
Read MoreThe Exponential Value Of Being More Human
Everyone was surprised to hear the longer than usual customer service announcement as we were preparing to land in Los Angeles. Many people on board were catching connecting flights to different cities in Australia, and there’s always a little anxiety amongst passengers who are trying to make those connections. The typical announcement informs passengers to…
Read MoreThe Two Questions At The Heart Of Great Marketing
The kind of marketing we practice is a result of what we’re most curious to know about our customers. Many marketing campaigns are created by asking the following questions: A. What will they buy? B. How can we get them to buy? The resulting tactics become about near-term targets, buying more attention and competing on…
Read MoreA Tale Of Two Managers
My local bank manager, at the branch five minutes walk from my home, works hard to help customers navigate the bank’s new automated systems and services. He’s on hand to show everyone depositing cash how to bypass a teller and make a deposit using the machine in the foyer. The bank manager at the branch…
Read MoreThe Power Of Scarcity
Demand for anything is always greater when supply is limited. People want what they can’t have, and so scarcity creates value. Scarcity is not just about managing the availability of resources and limiting supply—it can be the foundation of a successful business model. When Howard Schultz expanded Starbucks, he knew that it was the feeling…
Read More