ideasarehere

April 9, 2010

The Power of the Discount

Filed under: business,marketing — Erik Dobberkau @ 09:20

Whether you consider yourself an artist or not (I tend to say everyone doing something that makes a difference is one), there are different groups of people who want a slice of the pie. The interesting thing is what happens inside their peer group when they have one (slice, that is).

The first is the one who can easily afford it. And they get it either because it’s the latest fashion (“So you got an original painting now? Marvellous.”) or because they’re really passionate about it — then they won’t tell anyone because it’s only a gift or reward for themselves, and they’ve been spreading the word for the artist for a long time before.

The other group is the one who can’t afford it easily. Once again, there are people who are very passionate about it and will work like crazy to get the money to buy it at full price because they value the work. And they will be the most effective marketers, because they put the most effort in to achieve this goal, and their happiness will fuel the artist’s promotional engine because these are new people who spread the word deliberately.

And then the ones who do it only for fashion and don’t have the money. They’re asking for a discount. And once they get it, the story changes, because it’s not about the artist’s work anymore, but how they managed to get a discount on an original work. Discount, discount, me me me. This is not helping you as an artist. In fact, it devalues your work even more. The power of the discount is in fact working against you. So why go there at all?

Of course there’s one more group. The ones who don’t care. Don’t waste your or their time.

April 8, 2010

5 excuses

Filed under: business,internet,marketing,media — Erik Dobberkau @ 09:29

A common held belief is “right place, right time”. In practice, this extends to the magic formula “Do the right thing to the right person the right way in the right place at the right time”. That said, it’s no surprise that achieving anything with a single try is highly improbable. The obvious upside is that you have 5 excuses to pick from in case you should fail. And we experience it every day, no matter what side of the desk we’re on.

Instead, most success is built over time. Not in one place, but everywhere. By trying and measuring different approaches. To people that have given you permission to talk to them. Because you do something they care about.

Same aspects, different story.

April 7, 2010

Marketing Question #1

Filed under: business,marketing — Erik Dobberkau @ 18:57

Whenever a company brings something new to the market, their marketing department asks (or is being asked): “How can we manage to make people who use XY today to use our new product tomorrow?” Well, they can’t. People just don’t switch like that. So the question is the wrong one. (Of course, too many marketers believe that the answer is “Buy more TV ads.” Too many of their clients too.  And others believe that it’d be great to have a Facebook page — it’s not.)

Instead, the question should be: “How can we manage to make anyone use our new product and talk about it?” Totally different approach. Accept that people don’t respond the way you thought they do. Treat them like you want to be treated. If your product is good and adds more value than the money it costs, it’ll catch on in the long run. And eventually you will also reach the people you wanted to reach when you still thought the old way.

The question now is: How do you get to switch from your old beliefs to your new one? (Find some help here.)

April 2, 2010

…and ads for free

Filed under: current affairs,marketing,media — Erik Dobberkau @ 12:41

Sounds like an April Fool’s joke, but it isn’t: Since April 1st sponsors of Public TV productions get ads for free. How’s that? Some mysterious lobby succeeded passing a law saying that if the sponsorship of a production exceeds a certain percentage of the total cost, this must be stated not only in the ending credits but also in the promos advertising the production like “This production has been supported by CompanyName.”, hence giving them about 10 free ads over a week’s time. The queues for sponsoring are not expected to get shorter anytime soon.

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