Showing posts with label who's your who. Show all posts
Showing posts with label who's your who. Show all posts

Tuesday, December 16, 2008

Life and Limb

Going back to the person who invests life and limb in creating her course on parenting. If she’s given any thought to parenting at all, she has statistics. She’ll say, “There are x-# parents of kids between a and b.”

Great. Unfortunately, an overwhelmingly majority of those parents don’t give a rat’s behind about being better parents. Some think they know it all. Some think their kids are screwed up, but they’re okay. Most don’t think at all. Some are dead broke. Some are functionally illiterate. And I could go on.
Somewhere in all that, there is a miniscule percentage who are literate, open-minded, concerned, self-improvement oriented, and have already demonstrated their willingness to invest time and money in being better parents. But if you have to wade through all the muck to find them, you will run out of gas long before you get there.

“But there are millions who NEED my product.” Terrific. Want to get me excited? Show me how many have previously, preferably repetitively, demonstrated their ability and willingness to invest in their desire for products or services like yours. Then, show me that we can find them and reach them. Now, we got something. Now I can help you.

Tuesday, December 9, 2008

Who's Your Who

You cannot imagine how many people arrive with their “soap” and no money left to promote it. “But I spent all my money making it,” they cry, “I thought somebody else would jump at the chance to put up all the money to sell it.” Please let me dis-abuse that idea.

If I wanted to sell “soap”, I wouldn’t invest my money in selling your “soap” and make you rich; I’d hire some “soap-maker” for a pittance to make “soap” for me. If I wanted to sell a course on parenting, I’d run a little ad in Writer’s Digest, Psychology Today, the National Writers Club newsletter, etc., have my choice of a zillion experts and writers, and pay one a few thousand bucks, at the most, and maybe a teeny royalty to create that course just for me. And that applies to anything and everything.

“Hey, that means he’ll steal my idea.” Nuts to you. That’s not the point. The point is that I don’t need to steal your idea for “soap”; I’ve already heard it 100 times before you got here.

The person who DOES get his “soap” promoted in a big way brings marketing assets to the table with the soap. The skin care product maker shows up with Victoria Principal in her pocket. The author with the course on parenting comes in with a nationally syndicated radio show, a contact at Sally Jesse Rapheal. The guy with the golfing thingamajig has access to a list of 135,000 golf newsletter subscribers, etc.

At the very least, the smart entrepreneur does research and builds a case for the successful marketing of “soap” BEFORE making “soap”.

Tuesday, December 2, 2008

How To Make A Great Deal Of Money With As Little Pain As Possible

Now I will wax philosophic about absolutely essential business knowledge:

The biggest, single misunderstanding people have about business success is that the “wrong path” is so remarkably easy to wander down.

As you know, I talk to a huge number of entrepreneurs and daily, they’re most eager to regale me with every nitty-bitty detail of their incredible product or product idea. Sometimes I listen patiently.

And I groan inwardly as I listen to these people so into their particular product, so enthused with their product, so convinced that it’s one of a kind, so profoundly committed to its unique ability to stand out in the marketplace.

Because all of that is incidental to the issues we should be talking about. Like: Who was it built for? What evidence is there that they will spend money for it? What media and marketing method lends itself to the situation? Because:

An associate called me at 9 p.m. the other night, understandably excited by the succint way to explain this to people which he had just found in an old advertising book he had bought in an antique store. The quote said:

“ANY FOOL CAN MAKE SOAP. IT TAKES A CLEVER MAN TO SELL IT.”

There is the wisdom of the ages. There is a million dollar quote. We'll contine a little later this week on this same subject. In the mean time, really think about 'who's your who.' Until then.

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