Marketing Lagniappe - "In Search of Your Purple Goldfish"

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  • + Robbop Robbo P 1 month ago
    Excellent concept and real world application! I will share this will all my colleagues and look for an advance copy of the book soon, of course!
  • + rinkrats rinkrats 1 month ago
    Stan-
    Nice work. I realy enjoyed how you set it up, and this direction will provide plenty of discussion and challenge for marketers and aspiring marketers to figure out how to get their purple goldfish.

    I do have to give you a new font to play with, however.

    Did you know that the New Orleans Times Picayune continues the tradition from Mark Twain’s day and calls its Friday entertainment section Langiappe http://www.timespicayune.com/lagniappe.html

    Wishing you much success,

    David Haney
  • + gueste59a708 Mary Ann Phelps-Baehr 1 month ago
    Excellent...(though I prefer periwinkle to purple).....
    Enjoyed the history and application of the lagniappe.....how is it that the thirtheenth bagel tasted better than the expected dozen?
    I’d like a signed copy of the book....April Fools Day would work!
  • + 9INCHMARKETING Stan Phelps 1 month ago
    Bob - I fully expect you to hold my feet to the fire. Thanks for the ’attaboy’. I’ve really enjoyed reading your blog ’Marketing with Meaning’ over the last year. Congrats on the launch of your book today, 'The Next Evolution of Marketing’. I just downloaded the free chapter from your site and I can’t wait to pick up my copy. Your book is destined to be a game changer.
  • + 9INCHMARKETING Stan Phelps 1 month ago
    Thanks Joanne. It’s actually not my company, only my blog ’9 INCH MARKETING’. I work for an award winning experiential marketing agency called Synergy Events. Thanks for the v4. I’ll have to check out that band in the ’nati.
  • + LincolnMalyMarketing Joanne Maly 1 month ago
    Stan, the traditional ’here-is-who-we-are-and-what-we-do’ SlideShare presentations just became obsolete.

    Thank you for sharing this creative company profile for Lagniappe.

    (fyi, there is a great musical group in Cincinnati with the Lagniappe name. Cool folks as well.)

    My best to you.

    Joanne Maly
  • + rdgilby Bob Gilbreath 1 month ago
    Great stuff, Stan. I’m officially holding you accountable for turning this into a book by 3/1/10.

    Bob
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Marketing Lagniappe - "In Search of Your Purple Goldfish" - Presentation Transcript

  1. MARKETING LAGNIAPPE IN SEARCH OF YOUR PURPLE GOLDFISH
  2. Are you ready? On your mark, get set . . .
  3. Reasons you need to consider MARKETING LAGNIAPPE
  4. R E T S U B H T Y M MYTH: There is no such thing as ‘meeting expectations’ . . . you either exceed customer expectations . . . or you fall short
  5. We live in a world where 60-80% of customers describe their customer satisfaction as ‘satisfied’ or ‘very satisfied’ before going on to defect to other brands [Source: PMA]
  6. Satisfied Customers Tell Three Friends, But Angry Customers TELL 3,000 [Source: Pete Blackshaw]
  7. Look over your shoulder, your competition is only a click away
  8. So - what the heck is lagniappe?
  9. FIRST THING FIRST: PRONUNCIATION PHONETICALLY SPEAKING IT’S PRONOUNCED ‘LANN - YAP’
  10. NEXT: ORIGIN “We picked up one excellent word–a word worth traveling to New Orleans to get; a nice limber, expressive, handy word–’lagniappe.’  It is Spanish–so they said. We discovered it at the head of a column of odds and ends in the Picayune, the first day; heard twenty people use it the second; inquired what it meant the third; adopted it and got facility in swinging it the fourth. It has a restricted meaning, but I think the people spread it out a little when they choose. It is the equivalent of the thirteenth roll in a ‘baker’s dozen.’ It is something thrown in, gratis, for good measure” - Mark Twain Life on the Mississippi 1883
  11. So - is it just a ‘bakers dozen’?
  12. BAKER’S DOZEN IS NOT LAGNIAPPE The expression “baker’s dozen” dates to the 13th century England. To guard against the punishment of losing a hand to an axe, a baker would give 13 for the price of 12, to be certain of not being known as a cheat. Source: Wikipedia
  13. hi ente unex LAGNIAPPE gn sm pp gi ia all . C res e n ft p or Regi tra ee ex . S la An boot an DEFINED: 1: A ase. ur 2: ly ch egion nc al h, A e ( e th ric m me fro p d r Fr t : la, lle iana gif ca is ou a, the [L ap la n
  14. Start with the While driving through France a few years ago, my family and I were enchanted by the hundreds of storybook cows grazing in lovely pastures right next to the road. We all gazed out the Purple Cow window, marveling at the beauty. Then, within a few minutes, we started ignoring the cows. The new cows were just like the old cows, and what was once amazing was now common. Worse than common: It was boring. Cows, after you’ve seen them for a while, are boring. They may be well-bred cows, Six Sigma cows, cows lit by a beautiful light, but they are still boring. A Purple Cow, though: Now, that would really stand out. The essence of the Purple Cow — the reason it would shine among a crowd of perfectly competent, even undeniably excellent cows — is that it would be remarkable. Something remarkable is worth talking about, worth paying attention to. Boring stuff quickly becomes invisible. - SETH GODIN Purple Cow 1999
  15. PURPLE = DIFFERENTIATION How do you differentiate yourself? What makes you or how you do business remarkable?
  16. Now the Goldfish
  17. The growth of a goldfish (ie. your business/product) is affected by four things:
  18. 1. the size of their habitat
  19. 1. the size of their habitat (market size)
  20. 2. the number of goldfish in the same habitat
  21. 2. the number of goldfish in the same habitat (competition)
  22. 3. the quality of the water
  23. 3. the quality of the water (business environment / economy)
  24. 4. their genetic makeup
  25. You have little or no control over market size, your competition or the business environment The one thing you have 100% control over is how you differentiate your product or service . . . your purple goldfish
  26. Here are the four main ingredients:
  27. 1. Unexpected - the extra benefit or gift should be a surprise.  It is something thrown in for good measure. 
  28. 1. Unexpected - the extra benefit or gift should be a surprise.  It is something thrown in for good measure.  Think ‘surprise and delight’
  29. 2. Relevant - the item or benefit should be of value to the recipient.  Make sure that the item or service is a true benefit. 
  30. 2. Relevant - the item or benefit should be of value to the recipient.  Make sure that the item or service is a true benefit.  It shouldn’t be a one size fits all proposition
  31. 3. Unique - if it’s a small token or gift, try to select something that’s rare, hard to find or unique to your business. 
  32. 3. Unique - if it’s a small token or gift, try to select something that’s rare, hard to find or unique to your business.  Think ‘signature’
  33. 4. Authentic - many times it comes down to the gesture.  It becomes more about ‘how’ it is given, as opposed to ‘what’ is given.
  34. 4. Authentic - many times it comes down to the gesture.  It becomes more about ‘how’ it is given, as opposed to ‘what’ is given. The small gift or extra communicates you care
  35. Lagniappe is relevant now because . . . The Information Age is now the Recommendation Age
  36. You need to get people talking about your products or service
  37. Personal recommendations Think about your entire history of relationships… Every person you dated long term, short term, prison term, and every random hook-up in between. The vast are trusted 90% of the time majority of those relationships were with someone you met through a common friend. Very rarely do you find a couple who met randomly at a bar. Most couples met [Source: Nielsen Survey] through a friend, a friend of a friend, or a relative. The reason most relationships begin this way is what I call the “V4 Principle.” “V4″ is short for “Vouch For” and it is this reason that the majority of people in America get laid. Say you’re out on a Friday night and you see a cute brunette at the bar. You approach her, make small talk, and attempt to pick her up. To you she’s a hottie with dating potential. To her you’re just another one of the drunken masses out there trying to score some. Now take the same situation as before, but when you see her at the bar she is talking to your best friend’s girlfriend. Now when you approach you’re SOMEBODY as opposed to the NOBODY you were before. The girl at the bar has a reference point for you and your best friend’s girlfriend is there to vouch for you: “Oh, that’s Fred. He’s Mike’s best friend. They work together at the law firm. He’s a real sweetie, and he’s sooo cute when he’s drunk.” See how it works? You’re the same drunken ass either way, but now you’re perceived as charming. Source: Sportibikes.net
  38. 4 Companies that are getting it right
  39. Free use of change machine for everyone
  40. FR EE
  41. No for char bag ge s
  42. When a customer spends $100 or more on groceries, the register “Moos” and the customer is rewarded with a free ice cream or cup of coffee
  43. The underlying reason for marketing lagniappe is that you need to go above and beyond by giving a little extra . . .  
  44. The net effect is two-fold:
  45. 2. They tell others about their experience to promote your product or service both online and offline
  46. For more about ‘marketing lagniappe’ and the search for your purple goldfish . . . Subscribe to the blog @9INCHmarketing.com Follow me on twitter @9INCHmarketing sphelps@synergyevents.com Look for the book coming in 2010 . . . More info @marketinglagniappe.com THE AVERAGE DISTANCE BETWEEN THE BRAIN AND THE HEART IS 9 INCHES

+ Stan PhelpsStan Phelps, 1 month ago

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