SlideShare a Scribd company logo
1 of 67
It Works..
Objective
• To share 40 years of marketing expertise
OF Jack trout and Al ries through 22
immutable laws of Marketing that govern
the world of marketing.
• Strengthen our knowledge about these
Rules.
• Help our customers for taking advantage
of it.
•Can be used as a'diagnostic check' of a company's marketing plan
for agiven product or service
•To ensure that all possible perspectives and issues have been
considered.
•The second use is a reminder of the importance of the perception of
your service or product in the mind of your customer.
How we can use it.
What is Marketing?
• Marketing is the process of creating or
directing an organization to be successful in
selling a product or service that a particular set
of people not only desire, but are willing to
buy
• It is also concerned with anticipating the
customers' future needs and wants
The Goal of Marketing
• To build & maintain a preference for a
company and it’s products over those of
it’s competitors, within the target markets
• To build mutually profitable and
sustainable relationships with its
customers
It’s better to be first, than it is tobe better
•Who was the 1st President of India?
•Dr. Rajendra Prasad.
Who was the 2nd President
Sarvepalli Radhakrishnan
Marketing is a Battle of
Perceptions
• In Marketing, the true issue is not convincing prospects
that you have a better product or service
• The issue is creating a category you can be first in
– It’s much easier to get into the mind first than to try to
convince someone that you have a better product.
– Category Known for product name?
• Colegate, Xerox, etc..
Ifyou can’t be first in a category. Set up a new category tobe first in.
• People are interested in what’s new
& first in the market; few in what’s
better
• Before launching the product into the
market
• No competition in the ‘new category’ market. So, when you
first in a new category
– promote the category
• Dell, in the early 80’s,
• The idea/category it successfully promoted: Directly- Sold-
to-Consumer PCs
• Today, Dell’s revenues are over $57 billion
Ifbetter to be first In the mind, than to be first in the marketplace
• If you are not first in the marketplace but
first in the prospects’ minds (through a
good marketing campaign), you are sure
to have a majority share in the market
Marketing is not a battle of products. It’s a battle of perception.
The Case of Japanese Cars - Honda,
Toyota and Nissan
In USA the largest selling Japanese Cars are
In Japan the largest selling Japanese Cars are
The most powerful concept in marketing is owning a WORD.
‘We Need an IBM Machine’
Word: Computers
‘We Deliver your Pizza in 30 Minutes or it’s
Free’
Word/concept: Home-delivery
‘When it absolutely, positively has to
be there overnight’
Word: Overnight
‘The taste of a new generation’
Word: Youth
Two companies cannot own the same word in the prospects mind.
Burger King.
Mc Donald’s
The strategy to use depends of which rung of the ladder your on.
Inthe end, every market becomes atwo horse race.
• Name two computer operating systems.
• Name most two mobile brands
(Reputation)
Ifyou’re shooting for 2nd place,
then your strategy is determined by the leader.
• Who want to buy & who don’t want to.
• Pepsi positioned itself against the leader. If
old people drink Coke, the young drink
Pepsi, there’s nobody left to take the
alternatives to
the Cola Drinks
Over time, acategory will divide into two or more categories.
Marketing effects takes place over along period of time.
Wall mart
• Sale: Opposite effect.
– Low price for sale time.
– High price during non sale period.
• Wall Mart: Always law price.
There is pressure toextend the equity of the brand.
The Top Ten Best Selling Sodas :
1. Coke Classic
2. Diet coke
3. Pepsi
4. Mountain Dew (Pepsi)
5. Dr. Pepper
6. Sprite (Coke)
7. Diet Pepsi
8. Diet Mountain Dew (Pepsi)
9. Fanta (Coke)
10. Diet Dr. Pepper
You have to give up something in order togain something.
Product line, Target Market &Constant Change
The Law of Sacrifice
You give to give up something
in order to get something
3 things to sacrifice - product line, target market & constant change
Product line: if you want to be successful, reduce your product line,
not expand it.
Some Examples
• Amul: Milk based products.
• Gopal Locho: Master of locho Items./Juice
Target market
• You don’t have to appeal to everyone.
• Age, Gender, Area, Income should be considered. (Furniture
Mart)
The Law of Sacrifice
Constant Change:
• You don’t have to change your strategy every year and
review time to time.
• Mcdonald in USA still sells the same burger items it used to
sell decades ago, at very low prices.
• Big bazaar: Sabse sasta (Sabse saste 3 din)
The Law of Sacrifice
For every attribute, there is an opposite effective attribute.
The Law of Attributes
For every attribute, there is an opposite, effective
attribute
• Law 6 said that you cant own the same word or position that
your Competitor is owning.
• Find your own word to own, seek out another attribute
• If you have to succeed, you must have an idea/attribute To focus
your marketing efforts around
 Above 45 Size trousers at Chowk bazaar.
Crest Ultra BriteAim Close-up
The Law of Attributes
• All attributes are not created equal. Some are more important to
customers than others.
• Try and own the most important one
• Eg: Toothpaste
Fights Cavities
Tastes Good
Whitens Teeth
Freshens breathFor sensitive Teeth
When you admit anegative, the prospect gives you apositive.
• "Joy. The most expensive perfume in the world.“
• Listerine: the taste you hate twice a day.
• First and foremost, candor is very disarming. Every negative statement
you make about yourself is instantly accepted as truth.
• Positive statements, on the other hand, are looked at as dubious at
best. Especially in an advertisement.
The Law of Candor
When you admit a negative, the prospect gives you a positive
Ineach situation, only one move will produce asignificant results.
The Law of Singularity
In each situation, only one move will produce substantial results
• The only thing that works in marketing is the single, bold
move.
• The success of our marketing campaigns is defined by the
best idea on our list, not the length of that list.
• Nonetheless, we continue to make our lists because
Somebody" said we need to do more marketing, and we
definitely have to make that Somebody feel better.
Unless you an write your competitors plans,
you can’t predict the future.
THE LAW OF UNPREDICABILITY
• A new strong plan by Vodafone.
– By what time Airtel and Idea will copy or offer
more lucrative Plan?
• What if companies have micro detail plan for 5
years?
• What will be next Samsung mobile features?
• What will be next Apple I-phone features?
THE LAW OF
UNPREDICABILITY
• Assuming Everything as per long term plan - Not a Good Idea.
• Flexibility of acceptance and Changes.
• Failure to anticipate competitive reaction to marketing plans is
for Planning for marketing failures
• If you are not changing, Your competitors are.
• • Microsoft to cut manufacturer price for Windows by 70%:
Report (Date:23rd February 2014 The Economic Times) I-Pad,
Android.
THE LAW OF
UNPREDICABILITY
• long-range planning doesn't work. We can try
to observe and follow trends. We can make
big-picture predictions.
• But if we try to make detailed plans over the
long term, our competitors will surprise us
and those plans will end up getting scrapped.
Success often leads toarrogance, and arrogance leads to failure.
The Law of Success
Success often leads to arrogance, and arrogance to failure
• Ego is the enemy of successful marketing. companies
may become blinded by early success and hence lose
focus.
• When a brand is successful, the company assumes the
name is the primary reason for the brand’s success.
So, they look for other plaster on the Name.
• Good marketers don’t impose their own view of thinking
they think like a prospect thinks.
The Law of Success
• The bigger the company, the more likely it is that the
CEO has lost touch with the front lines. to get honest
opinions of what’s really happening, you must see
yourself & get down to the front.
– Eg. Divya Bhaskar launch in new cities, Cavin care CEO.
What Entrepreneur can do
• When you go to a trade show, spend some time in the booth
talking to prospective customers.
• Answer a tech support/Complaint call.
• Send Thank you notes to well-wishers
• Help with the testing before the next release.
– Windows 7
• Be in touch then only take Marketing Decisions.
Failure is to be expected and accepted.
The Law of Failure
Failure is to be expected and accepted
• There is a built-in conflict between the personal and the
corporate agenda: marketing decisions are often made
• First with the decision maker’s career in mind and
• Second with the impact on the competition or rival in mind.
Safe decision are common & bold moves are highly unlikely
• Risk needs to be taken for identifying working Ideas.
• Wal-Mart’s ‘ready-fire-aim’ – nobody hits the target every time.
• When you realize you've made a mistake, cut your losses.
• IBM should have dropped copiers & Xerox should have
dropped computers years before they recognized their mistakes
The Law of Failure
The situation is often the opposite than the way it appears.
Some Hypes in Marketing
• Segway:
– Obsolete Cars
• New Coke:
– Replace basic coke
• Apple Map:
– Vs. Google Map
Successful programs are not built of fads, they’re built on trends.
The Law of Acceleration
• Weight lose institute marketing:
– All those “lose weight quick” schemes are what
we call “fad diets” because they are full of broken
promises that accelerate quickly and then die.
• Successful fitness entrepreneurs focus on
– Healthy lifestyle changes that teach clients
• How to lose body fat
• Get toned and fit,
• And stay that way for life.
The Law of Acceleration
• Fitness strategies are the trend because they teach customers
slowly and continue to provide the service we promised.
• One way to carry on a long-term demand for our service is to
never completely satisfy the demand.
• This doesn’t mean we aren’t satisfying the customer.
• It means we continue to develop new concepts that keep
them happy, wanting and reaching for more.
– Eg: Mastermind
Without adequate funding, an idea wont get off the ground.
• even the best business idea won’t go very far without the
money
• Marketing has two phases,
– Strategy and communications.
– No matter how much money you have, don't
spend money in the communications phase until
your strategy stuff is done and solid. (Follow 21
Laws)
• Marketing is a game fought in the mind of the prospect.
you need to get into the mind and to stay there.
The Law of Resources
Without adequate funding an idea won’t get off the ground
The Law of Resources
Without adequate funding an idea won’t get off the ground
• Identify what amount of funds will be required to position
your Product/Brand in customers mind.
• You can raise money through VC firms, corporate, use
your own or your partner’s money, or share your idea by
franchising it.
•Book: 22 Immutable laws of Marketing.
•Google.
•Observations.
•Slideshare: Special Thanks to Mjamesno for sharing
Presentation
22 Laws of Marketing

More Related Content

What's hot

Marketing-Strategy-Chapter-1.pptx
Marketing-Strategy-Chapter-1.pptxMarketing-Strategy-Chapter-1.pptx
Marketing-Strategy-Chapter-1.pptxssuserf78cbd
 
Does marketing do more harm to society than good?
Does marketing do more harm to society than good?Does marketing do more harm to society than good?
Does marketing do more harm to society than good?Shanmuga Pillaiyan
 
Marketing Management-Product Management
Marketing Management-Product ManagementMarketing Management-Product Management
Marketing Management-Product ManagementNarendra Kumar Jangid
 
Estimation of market Potential.ppt
Estimation of market Potential.pptEstimation of market Potential.ppt
Estimation of market Potential.pptAvinashSahu71
 
Positioning The Battle For Your Mind by Al Ries & Jack Trout
 Positioning  The Battle For Your Mind by Al Ries & Jack Trout Positioning  The Battle For Your Mind by Al Ries & Jack Trout
Positioning The Battle For Your Mind by Al Ries & Jack TroutSameer Mathur
 
New Product Development Process
New Product Development ProcessNew Product Development Process
New Product Development ProcessKaustubh Barve
 
Best buy marketing research
Best buy marketing researchBest buy marketing research
Best buy marketing researchJason Tham
 
Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610Stephanie Holman
 
How to Develop Your Unique Selling Proposition
How to Develop Your Unique Selling PropositionHow to Develop Your Unique Selling Proposition
How to Develop Your Unique Selling PropositionChris Towland
 
Every business is a growth business
Every business is a growth businessEvery business is a growth business
Every business is a growth businessGMR Group
 
An introduction to advertising planning / strategy
An introduction to advertising planning / strategyAn introduction to advertising planning / strategy
An introduction to advertising planning / strategyverityw
 
تحلیل پنج نیروی رقابتی پورتر، Porter five forces analysis
تحلیل پنج نیروی رقابتی پورتر، Porter five forces analysisتحلیل پنج نیروی رقابتی پورتر، Porter five forces analysis
تحلیل پنج نیروی رقابتی پورتر، Porter five forces analysisFarhad Zargari
 
Consumer promotion
Consumer promotionConsumer promotion
Consumer promotionAditya Mehta
 
Advertising techniques
Advertising techniques Advertising techniques
Advertising techniques mistyweather
 
eatbigfish workshops 2013
eatbigfish workshops 2013eatbigfish workshops 2013
eatbigfish workshops 2013eatbigfish
 
Mc Donalds Pitch Brief
Mc Donalds Pitch BriefMc Donalds Pitch Brief
Mc Donalds Pitch BriefCubeyou Inc
 

What's hot (20)

Marketing-Strategy-Chapter-1.pptx
Marketing-Strategy-Chapter-1.pptxMarketing-Strategy-Chapter-1.pptx
Marketing-Strategy-Chapter-1.pptx
 
Does marketing do more harm to society than good?
Does marketing do more harm to society than good?Does marketing do more harm to society than good?
Does marketing do more harm to society than good?
 
Market structure updated
Market structure updatedMarket structure updated
Market structure updated
 
Marketing Management-Product Management
Marketing Management-Product ManagementMarketing Management-Product Management
Marketing Management-Product Management
 
Estimation of market Potential.ppt
Estimation of market Potential.pptEstimation of market Potential.ppt
Estimation of market Potential.ppt
 
Positioning The Battle For Your Mind by Al Ries & Jack Trout
 Positioning  The Battle For Your Mind by Al Ries & Jack Trout Positioning  The Battle For Your Mind by Al Ries & Jack Trout
Positioning The Battle For Your Mind by Al Ries & Jack Trout
 
New Product Development Process
New Product Development ProcessNew Product Development Process
New Product Development Process
 
Best buy marketing research
Best buy marketing researchBest buy marketing research
Best buy marketing research
 
Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610
 
Creativity first AMFI
Creativity first AMFICreativity first AMFI
Creativity first AMFI
 
How to Develop Your Unique Selling Proposition
How to Develop Your Unique Selling PropositionHow to Develop Your Unique Selling Proposition
How to Develop Your Unique Selling Proposition
 
Every business is a growth business
Every business is a growth businessEvery business is a growth business
Every business is a growth business
 
Marketing Warfare
Marketing WarfareMarketing Warfare
Marketing Warfare
 
An introduction to advertising planning / strategy
An introduction to advertising planning / strategyAn introduction to advertising planning / strategy
An introduction to advertising planning / strategy
 
تحلیل پنج نیروی رقابتی پورتر، Porter five forces analysis
تحلیل پنج نیروی رقابتی پورتر، Porter five forces analysisتحلیل پنج نیروی رقابتی پورتر، Porter five forces analysis
تحلیل پنج نیروی رقابتی پورتر، Porter five forces analysis
 
The Power Of Brand
The Power Of BrandThe Power Of Brand
The Power Of Brand
 
Consumer promotion
Consumer promotionConsumer promotion
Consumer promotion
 
Advertising techniques
Advertising techniques Advertising techniques
Advertising techniques
 
eatbigfish workshops 2013
eatbigfish workshops 2013eatbigfish workshops 2013
eatbigfish workshops 2013
 
Mc Donalds Pitch Brief
Mc Donalds Pitch BriefMc Donalds Pitch Brief
Mc Donalds Pitch Brief
 

Viewers also liked

Pfizer nutrition investor call
Pfizer nutrition investor callPfizer nutrition investor call
Pfizer nutrition investor callNestlé SA
 
Mike Wang, VP & GM, Greater China Cluster, Zoetis
Mike Wang, VP & GM, Greater China Cluster, ZoetisMike Wang, VP & GM, Greater China Cluster, Zoetis
Mike Wang, VP & GM, Greater China Cluster, ZoetisKisaco Research
 
2015/07 – IR – Praluent
2015/07 – IR – Praluent2015/07 – IR – Praluent
2015/07 – IR – PraluentSanofi
 
Success Stories - Amul & Biocon
Success Stories - Amul & BioconSuccess Stories - Amul & Biocon
Success Stories - Amul & BioconManik Kudyar
 
2015/11 - Meet Sanofi Management
2015/11 - Meet Sanofi Management2015/11 - Meet Sanofi Management
2015/11 - Meet Sanofi ManagementSanofi
 
Back to Basics: What Are Domain Names and How Do They Work
Back to Basics: What Are Domain Names and How Do They WorkBack to Basics: What Are Domain Names and How Do They Work
Back to Basics: What Are Domain Names and How Do They Workdomain .ME
 
Product Marketing by Numbers - Objectives, Goals and KPI frameworks
Product Marketing by Numbers - Objectives, Goals and KPI frameworksProduct Marketing by Numbers - Objectives, Goals and KPI frameworks
Product Marketing by Numbers - Objectives, Goals and KPI frameworksJono Alderson
 
2010的i@T_一晚噩夢
2010的i@T_一晚噩夢2010的i@T_一晚噩夢
2010的i@T_一晚噩夢bliaou
 
FM update by Mundie Salm
FM update by Mundie SalmFM update by Mundie Salm
FM update by Mundie Salmfarmingmatters
 
TV and the collective brain
TV and the collective brainTV and the collective brain
TV and the collective brainJenni Lloyd
 
How Testability Inspires AngularJS Design / Ran Mizrahi
How Testability Inspires AngularJS Design / Ran MizrahiHow Testability Inspires AngularJS Design / Ran Mizrahi
How Testability Inspires AngularJS Design / Ran MizrahiRan Mizrahi
 

Viewers also liked (20)

Pfizer nutrition investor call
Pfizer nutrition investor callPfizer nutrition investor call
Pfizer nutrition investor call
 
Book: Positioning The Battle for Your Mind written by Al Ries & Jack Trout
Book: Positioning The Battle for Your Mind written by Al Ries & Jack TroutBook: Positioning The Battle for Your Mind written by Al Ries & Jack Trout
Book: Positioning The Battle for Your Mind written by Al Ries & Jack Trout
 
Mike Wang, VP & GM, Greater China Cluster, Zoetis
Mike Wang, VP & GM, Greater China Cluster, ZoetisMike Wang, VP & GM, Greater China Cluster, Zoetis
Mike Wang, VP & GM, Greater China Cluster, Zoetis
 
2015/07 – IR – Praluent
2015/07 – IR – Praluent2015/07 – IR – Praluent
2015/07 – IR – Praluent
 
Marketing on/off
Marketing on/offMarketing on/off
Marketing on/off
 
Success Stories - Amul & Biocon
Success Stories - Amul & BioconSuccess Stories - Amul & Biocon
Success Stories - Amul & Biocon
 
2015/11 - Meet Sanofi Management
2015/11 - Meet Sanofi Management2015/11 - Meet Sanofi Management
2015/11 - Meet Sanofi Management
 
Session 3: Ivan Ho Pfizer / Counterfeit Medicines Threat to Patient Health an...
Session 3: Ivan Ho Pfizer / Counterfeit Medicines Threat to Patient Health an...Session 3: Ivan Ho Pfizer / Counterfeit Medicines Threat to Patient Health an...
Session 3: Ivan Ho Pfizer / Counterfeit Medicines Threat to Patient Health an...
 
Back to Basics: What Are Domain Names and How Do They Work
Back to Basics: What Are Domain Names and How Do They WorkBack to Basics: What Are Domain Names and How Do They Work
Back to Basics: What Are Domain Names and How Do They Work
 
Product Marketing by Numbers - Objectives, Goals and KPI frameworks
Product Marketing by Numbers - Objectives, Goals and KPI frameworksProduct Marketing by Numbers - Objectives, Goals and KPI frameworks
Product Marketing by Numbers - Objectives, Goals and KPI frameworks
 
UFO
UFOUFO
UFO
 
тренінг 2
тренінг 2тренінг 2
тренінг 2
 
σχολική βία παρουσίαση για το σχολείο
σχολική βία    παρουσίαση για το σχολείοσχολική βία    παρουσίαση για το σχολείο
σχολική βία παρουσίαση για το σχολείο
 
тренинг 1
тренинг 1тренинг 1
тренинг 1
 
2010的i@T_一晚噩夢
2010的i@T_一晚噩夢2010的i@T_一晚噩夢
2010的i@T_一晚噩夢
 
FM update by Mundie Salm
FM update by Mundie SalmFM update by Mundie Salm
FM update by Mundie Salm
 
0505
05050505
0505
 
TV and the collective brain
TV and the collective brainTV and the collective brain
TV and the collective brain
 
How Testability Inspires AngularJS Design / Ran Mizrahi
How Testability Inspires AngularJS Design / Ran MizrahiHow Testability Inspires AngularJS Design / Ran Mizrahi
How Testability Inspires AngularJS Design / Ran Mizrahi
 
тренинг 2
тренинг 2тренинг 2
тренинг 2
 

Similar to 22 Laws of Marketing

Marketing Management Chapter 1 What is Marketing Management
Marketing Management Chapter 1 What is Marketing ManagementMarketing Management Chapter 1 What is Marketing Management
Marketing Management Chapter 1 What is Marketing ManagementDr. John V. Padua
 
Business opportunity
Business opportunityBusiness opportunity
Business opportunityAnkit Poddar
 
2015 effective marketing overview
2015 effective marketing overview2015 effective marketing overview
2015 effective marketing overviewKathleen Melen
 
Succeeding in business pt 2
Succeeding in business pt 2Succeeding in business pt 2
Succeeding in business pt 2Tony Morrison
 
The Business Plan Workbook: 2015 Slides from Kogan Page
The Business Plan Workbook: 2015 Slides from Kogan PageThe Business Plan Workbook: 2015 Slides from Kogan Page
The Business Plan Workbook: 2015 Slides from Kogan PageSophia Blackwell
 
Marketing Fundamentals Part 1 Key Concepts in Marketing
Marketing Fundamentals Part 1   Key Concepts in MarketingMarketing Fundamentals Part 1   Key Concepts in Marketing
Marketing Fundamentals Part 1 Key Concepts in MarketingKinsight, Inc.
 
10 things to keep in mind
10 things to keep in mind10 things to keep in mind
10 things to keep in mindMichael Burcham
 
Marketing’s next frontier
Marketing’s next frontierMarketing’s next frontier
Marketing’s next frontierSrikanth Raman
 
InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...
InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...
InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...Katie Martell
 
1_Golden Rules of Marketing 2021.ppt
1_Golden Rules of Marketing 2021.ppt1_Golden Rules of Marketing 2021.ppt
1_Golden Rules of Marketing 2021.pptCharmyneSanglay
 
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptxHaenJaeEun
 
How to grow in a crowded market
How to grow in a crowded marketHow to grow in a crowded market
How to grow in a crowded marketSteve Offsey
 
Concepts of marketing -ahmad faraz
Concepts of marketing -ahmad farazConcepts of marketing -ahmad faraz
Concepts of marketing -ahmad farazAhmad Faraz
 
5 Essential Management Concepts
5 Essential Management Concepts5 Essential Management Concepts
5 Essential Management ConceptsManohar Ramesh
 

Similar to 22 Laws of Marketing (20)

Marketing Management Chapter 1 What is Marketing Management
Marketing Management Chapter 1 What is Marketing ManagementMarketing Management Chapter 1 What is Marketing Management
Marketing Management Chapter 1 What is Marketing Management
 
Business opportunity
Business opportunityBusiness opportunity
Business opportunity
 
2015 effective marketing overview
2015 effective marketing overview2015 effective marketing overview
2015 effective marketing overview
 
Succeeding in business pt 2
Succeeding in business pt 2Succeeding in business pt 2
Succeeding in business pt 2
 
The Business Plan Workbook: 2015 Slides from Kogan Page
The Business Plan Workbook: 2015 Slides from Kogan PageThe Business Plan Workbook: 2015 Slides from Kogan Page
The Business Plan Workbook: 2015 Slides from Kogan Page
 
Finding customers dmu
Finding customers dmuFinding customers dmu
Finding customers dmu
 
How to Launch a (Spirits) Company
How to Launch a (Spirits) CompanyHow to Launch a (Spirits) Company
How to Launch a (Spirits) Company
 
Marketing Fundamentals Part 1 Key Concepts in Marketing
Marketing Fundamentals Part 1   Key Concepts in MarketingMarketing Fundamentals Part 1   Key Concepts in Marketing
Marketing Fundamentals Part 1 Key Concepts in Marketing
 
Sales
SalesSales
Sales
 
10 things to keep in mind
10 things to keep in mind10 things to keep in mind
10 things to keep in mind
 
Marketing’s next frontier
Marketing’s next frontierMarketing’s next frontier
Marketing’s next frontier
 
InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...
InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...
InnovateEDU Bootcamp: 7 Questions Investors Will Ask About Your GoToMarket St...
 
1_Golden Rules of Marketing 2021.ppt
1_Golden Rules of Marketing 2021.ppt1_Golden Rules of Marketing 2021.ppt
1_Golden Rules of Marketing 2021.ppt
 
WITS SLD 2016
WITS SLD 2016WITS SLD 2016
WITS SLD 2016
 
Idea development
Idea developmentIdea development
Idea development
 
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptx
 
How to grow in a crowded market
How to grow in a crowded marketHow to grow in a crowded market
How to grow in a crowded market
 
Concepts of marketing -ahmad faraz
Concepts of marketing -ahmad farazConcepts of marketing -ahmad faraz
Concepts of marketing -ahmad faraz
 
5 Essential Management Concepts
5 Essential Management Concepts5 Essential Management Concepts
5 Essential Management Concepts
 
Superb Marketing Principles
Superb Marketing PrinciplesSuperb Marketing Principles
Superb Marketing Principles
 

More from Suhag Mistry

Patanjalil: Rising Indian FMCG Brand
Patanjalil: Rising Indian FMCG BrandPatanjalil: Rising Indian FMCG Brand
Patanjalil: Rising Indian FMCG Brand Suhag Mistry
 
Hyper disruptive business models
Hyper disruptive business modelsHyper disruptive business models
Hyper disruptive business modelsSuhag Mistry
 
Leadership from Mother
Leadership from MotherLeadership from Mother
Leadership from MotherSuhag Mistry
 
The steve jobs way
The steve jobs wayThe steve jobs way
The steve jobs waySuhag Mistry
 
Men are from mars and women are from venus part 1 slide share
Men are from mars and women are from venus part 1 slide shareMen are from mars and women are from venus part 1 slide share
Men are from mars and women are from venus part 1 slide shareSuhag Mistry
 
The Bill gates way
The Bill gates wayThe Bill gates way
The Bill gates waySuhag Mistry
 
Technologies that will transform small business
Technologies that will transform small businessTechnologies that will transform small business
Technologies that will transform small businessSuhag Mistry
 
What strategy is not
What strategy is notWhat strategy is not
What strategy is notSuhag Mistry
 
Jugaaad: Innovation book
Jugaaad: Innovation bookJugaaad: Innovation book
Jugaaad: Innovation bookSuhag Mistry
 
The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"Suhag Mistry
 
Recruitment an Interesting process
Recruitment an Interesting processRecruitment an Interesting process
Recruitment an Interesting processSuhag Mistry
 
16 golden rules to increase sales
16 golden rules to increase sales16 golden rules to increase sales
16 golden rules to increase salesSuhag Mistry
 
Human resource planning
Human resource planningHuman resource planning
Human resource planningSuhag Mistry
 

More from Suhag Mistry (13)

Patanjalil: Rising Indian FMCG Brand
Patanjalil: Rising Indian FMCG BrandPatanjalil: Rising Indian FMCG Brand
Patanjalil: Rising Indian FMCG Brand
 
Hyper disruptive business models
Hyper disruptive business modelsHyper disruptive business models
Hyper disruptive business models
 
Leadership from Mother
Leadership from MotherLeadership from Mother
Leadership from Mother
 
The steve jobs way
The steve jobs wayThe steve jobs way
The steve jobs way
 
Men are from mars and women are from venus part 1 slide share
Men are from mars and women are from venus part 1 slide shareMen are from mars and women are from venus part 1 slide share
Men are from mars and women are from venus part 1 slide share
 
The Bill gates way
The Bill gates wayThe Bill gates way
The Bill gates way
 
Technologies that will transform small business
Technologies that will transform small businessTechnologies that will transform small business
Technologies that will transform small business
 
What strategy is not
What strategy is notWhat strategy is not
What strategy is not
 
Jugaaad: Innovation book
Jugaaad: Innovation bookJugaaad: Innovation book
Jugaaad: Innovation book
 
The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"
 
Recruitment an Interesting process
Recruitment an Interesting processRecruitment an Interesting process
Recruitment an Interesting process
 
16 golden rules to increase sales
16 golden rules to increase sales16 golden rules to increase sales
16 golden rules to increase sales
 
Human resource planning
Human resource planningHuman resource planning
Human resource planning
 

Recently uploaded

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africaictsugar
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environmentelijahj01012
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 

Recently uploaded (20)

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environment
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 

22 Laws of Marketing

  • 2. Objective • To share 40 years of marketing expertise OF Jack trout and Al ries through 22 immutable laws of Marketing that govern the world of marketing. • Strengthen our knowledge about these Rules. • Help our customers for taking advantage of it.
  • 3. •Can be used as a'diagnostic check' of a company's marketing plan for agiven product or service •To ensure that all possible perspectives and issues have been considered. •The second use is a reminder of the importance of the perception of your service or product in the mind of your customer. How we can use it.
  • 4. What is Marketing? • Marketing is the process of creating or directing an organization to be successful in selling a product or service that a particular set of people not only desire, but are willing to buy • It is also concerned with anticipating the customers' future needs and wants
  • 5. The Goal of Marketing • To build & maintain a preference for a company and it’s products over those of it’s competitors, within the target markets • To build mutually profitable and sustainable relationships with its customers
  • 6. It’s better to be first, than it is tobe better
  • 7. •Who was the 1st President of India?
  • 8. •Dr. Rajendra Prasad. Who was the 2nd President Sarvepalli Radhakrishnan
  • 9. Marketing is a Battle of Perceptions • In Marketing, the true issue is not convincing prospects that you have a better product or service • The issue is creating a category you can be first in – It’s much easier to get into the mind first than to try to convince someone that you have a better product. – Category Known for product name? • Colegate, Xerox, etc..
  • 10. Ifyou can’t be first in a category. Set up a new category tobe first in.
  • 11. • People are interested in what’s new & first in the market; few in what’s better • Before launching the product into the market
  • 12. • No competition in the ‘new category’ market. So, when you first in a new category – promote the category • Dell, in the early 80’s, • The idea/category it successfully promoted: Directly- Sold- to-Consumer PCs • Today, Dell’s revenues are over $57 billion
  • 13. Ifbetter to be first In the mind, than to be first in the marketplace
  • 14. • If you are not first in the marketplace but first in the prospects’ minds (through a good marketing campaign), you are sure to have a majority share in the market
  • 15. Marketing is not a battle of products. It’s a battle of perception.
  • 16. The Case of Japanese Cars - Honda, Toyota and Nissan In USA the largest selling Japanese Cars are In Japan the largest selling Japanese Cars are
  • 17.
  • 18. The most powerful concept in marketing is owning a WORD.
  • 19.
  • 20. ‘We Need an IBM Machine’ Word: Computers ‘We Deliver your Pizza in 30 Minutes or it’s Free’ Word/concept: Home-delivery ‘When it absolutely, positively has to be there overnight’ Word: Overnight ‘The taste of a new generation’ Word: Youth
  • 21. Two companies cannot own the same word in the prospects mind. Burger King. Mc Donald’s
  • 22. The strategy to use depends of which rung of the ladder your on.
  • 23.
  • 24. Inthe end, every market becomes atwo horse race.
  • 25. • Name two computer operating systems. • Name most two mobile brands (Reputation)
  • 26. Ifyou’re shooting for 2nd place, then your strategy is determined by the leader.
  • 27. • Who want to buy & who don’t want to. • Pepsi positioned itself against the leader. If old people drink Coke, the young drink Pepsi, there’s nobody left to take the alternatives to the Cola Drinks
  • 28. Over time, acategory will divide into two or more categories.
  • 29.
  • 30.
  • 31. Marketing effects takes place over along period of time. Wall mart
  • 32. • Sale: Opposite effect. – Low price for sale time. – High price during non sale period. • Wall Mart: Always law price.
  • 33. There is pressure toextend the equity of the brand.
  • 34.
  • 35. The Top Ten Best Selling Sodas : 1. Coke Classic 2. Diet coke 3. Pepsi 4. Mountain Dew (Pepsi) 5. Dr. Pepper 6. Sprite (Coke) 7. Diet Pepsi 8. Diet Mountain Dew (Pepsi) 9. Fanta (Coke) 10. Diet Dr. Pepper
  • 36. You have to give up something in order togain something. Product line, Target Market &Constant Change
  • 37. The Law of Sacrifice You give to give up something in order to get something 3 things to sacrifice - product line, target market & constant change Product line: if you want to be successful, reduce your product line, not expand it. Some Examples • Amul: Milk based products. • Gopal Locho: Master of locho Items./Juice
  • 38. Target market • You don’t have to appeal to everyone. • Age, Gender, Area, Income should be considered. (Furniture Mart) The Law of Sacrifice
  • 39. Constant Change: • You don’t have to change your strategy every year and review time to time. • Mcdonald in USA still sells the same burger items it used to sell decades ago, at very low prices. • Big bazaar: Sabse sasta (Sabse saste 3 din) The Law of Sacrifice
  • 40. For every attribute, there is an opposite effective attribute.
  • 41. The Law of Attributes For every attribute, there is an opposite, effective attribute • Law 6 said that you cant own the same word or position that your Competitor is owning. • Find your own word to own, seek out another attribute • If you have to succeed, you must have an idea/attribute To focus your marketing efforts around  Above 45 Size trousers at Chowk bazaar. Crest Ultra BriteAim Close-up
  • 42. The Law of Attributes • All attributes are not created equal. Some are more important to customers than others. • Try and own the most important one • Eg: Toothpaste Fights Cavities Tastes Good Whitens Teeth Freshens breathFor sensitive Teeth
  • 43. When you admit anegative, the prospect gives you apositive.
  • 44. • "Joy. The most expensive perfume in the world.“ • Listerine: the taste you hate twice a day. • First and foremost, candor is very disarming. Every negative statement you make about yourself is instantly accepted as truth. • Positive statements, on the other hand, are looked at as dubious at best. Especially in an advertisement. The Law of Candor When you admit a negative, the prospect gives you a positive
  • 45. Ineach situation, only one move will produce asignificant results.
  • 46. The Law of Singularity In each situation, only one move will produce substantial results • The only thing that works in marketing is the single, bold move. • The success of our marketing campaigns is defined by the best idea on our list, not the length of that list. • Nonetheless, we continue to make our lists because Somebody" said we need to do more marketing, and we definitely have to make that Somebody feel better.
  • 47. Unless you an write your competitors plans, you can’t predict the future.
  • 48. THE LAW OF UNPREDICABILITY • A new strong plan by Vodafone. – By what time Airtel and Idea will copy or offer more lucrative Plan? • What if companies have micro detail plan for 5 years? • What will be next Samsung mobile features? • What will be next Apple I-phone features?
  • 49. THE LAW OF UNPREDICABILITY • Assuming Everything as per long term plan - Not a Good Idea. • Flexibility of acceptance and Changes. • Failure to anticipate competitive reaction to marketing plans is for Planning for marketing failures • If you are not changing, Your competitors are. • • Microsoft to cut manufacturer price for Windows by 70%: Report (Date:23rd February 2014 The Economic Times) I-Pad, Android.
  • 50. THE LAW OF UNPREDICABILITY • long-range planning doesn't work. We can try to observe and follow trends. We can make big-picture predictions. • But if we try to make detailed plans over the long term, our competitors will surprise us and those plans will end up getting scrapped.
  • 51. Success often leads toarrogance, and arrogance leads to failure.
  • 52. The Law of Success Success often leads to arrogance, and arrogance to failure • Ego is the enemy of successful marketing. companies may become blinded by early success and hence lose focus. • When a brand is successful, the company assumes the name is the primary reason for the brand’s success. So, they look for other plaster on the Name. • Good marketers don’t impose their own view of thinking they think like a prospect thinks.
  • 53. The Law of Success • The bigger the company, the more likely it is that the CEO has lost touch with the front lines. to get honest opinions of what’s really happening, you must see yourself & get down to the front. – Eg. Divya Bhaskar launch in new cities, Cavin care CEO.
  • 54. What Entrepreneur can do • When you go to a trade show, spend some time in the booth talking to prospective customers. • Answer a tech support/Complaint call. • Send Thank you notes to well-wishers • Help with the testing before the next release. – Windows 7 • Be in touch then only take Marketing Decisions.
  • 55. Failure is to be expected and accepted.
  • 56. The Law of Failure Failure is to be expected and accepted • There is a built-in conflict between the personal and the corporate agenda: marketing decisions are often made • First with the decision maker’s career in mind and • Second with the impact on the competition or rival in mind. Safe decision are common & bold moves are highly unlikely • Risk needs to be taken for identifying working Ideas.
  • 57. • Wal-Mart’s ‘ready-fire-aim’ – nobody hits the target every time. • When you realize you've made a mistake, cut your losses. • IBM should have dropped copiers & Xerox should have dropped computers years before they recognized their mistakes The Law of Failure
  • 58. The situation is often the opposite than the way it appears.
  • 59. Some Hypes in Marketing • Segway: – Obsolete Cars • New Coke: – Replace basic coke • Apple Map: – Vs. Google Map
  • 60. Successful programs are not built of fads, they’re built on trends.
  • 61. The Law of Acceleration • Weight lose institute marketing: – All those “lose weight quick” schemes are what we call “fad diets” because they are full of broken promises that accelerate quickly and then die. • Successful fitness entrepreneurs focus on – Healthy lifestyle changes that teach clients • How to lose body fat • Get toned and fit, • And stay that way for life.
  • 62. The Law of Acceleration • Fitness strategies are the trend because they teach customers slowly and continue to provide the service we promised. • One way to carry on a long-term demand for our service is to never completely satisfy the demand. • This doesn’t mean we aren’t satisfying the customer. • It means we continue to develop new concepts that keep them happy, wanting and reaching for more. – Eg: Mastermind
  • 63. Without adequate funding, an idea wont get off the ground.
  • 64. • even the best business idea won’t go very far without the money • Marketing has two phases, – Strategy and communications. – No matter how much money you have, don't spend money in the communications phase until your strategy stuff is done and solid. (Follow 21 Laws) • Marketing is a game fought in the mind of the prospect. you need to get into the mind and to stay there. The Law of Resources Without adequate funding an idea won’t get off the ground
  • 65. The Law of Resources Without adequate funding an idea won’t get off the ground • Identify what amount of funds will be required to position your Product/Brand in customers mind. • You can raise money through VC firms, corporate, use your own or your partner’s money, or share your idea by franchising it.
  • 66. •Book: 22 Immutable laws of Marketing. •Google. •Observations. •Slideshare: Special Thanks to Mjamesno for sharing Presentation

Editor's Notes

  1. Name the #1 business email server...Exchange...although many would say Outlook, but it is a client and not a server. Name the #2 business email server...Notes would be named Name the #3 business email server...most readers of my blog will say GroupWise but there are a lot of people who have never heard of GroupWise.
  2. A secret to the Law of the Opposite is that you must study the company above you. And once you study it, you must find the weakness and then exploit that weakness. Another secret to the Law of the Opposite is to not attempt to be like the leader, instead attempt to be different. SouthWest Airlines is a perfect example. Everyone reading this blog has flown them at least once. Before 9/11, SouthWest’s strategy was determined by what the Airline Industry Leaders did. If they served meals and had first class seating, then SW didn’t serve any meals and didn’t have any first class seating...they were the opposite and they pushed that difference, making a perceived weakness into a strength.
  3. This is why marketing effort is so difficult to track. A dollar on advertising spent today usually results in a sale next year.
  4. The debilitating nature of Line Extensions is that in the short term they seem like a good idea. It boosts your strong brand by putting it in front of new customers. The darker side is that it dilutes the meaning of your brand and what your brand stands for. It confuses your customers in the long run about why customers should buy your product. It actually weakens your strong brand and confuses the new brand that it has been placed on.
  5. WHAT DO COWBOYS SMOKE? Philip Morris should know a "more is less" problem when they see one. The same thing happened to their flagship brand, Marlboro. In an effort to maintain growth, Marlboro introduced Marlboro Lights into Marlboro Country. Then they introduced Marlboro Mediums, then Marlboro Menthol, and even Marlboro Ultra-Lights. Suddenly, for the first time in memory the brand started to turn down. It's obvious what the problem was about: Real cowboys don't smoke menthols and ultra-lights. Philip Morris isn't stupid. They are back in Marlboro Country with the red-and-white package. There's not a menthol or medium in sight.
  6. Crest owned the attribute of fighting cavities. This meant other products competing in the space needed to find a different attribute to own that wasn’t similar to cavities. Close-Up went with Freshens Breath. Another good example is UPS and FedEx. FedEx owns the word “speed” as well as “overnight”. UPS, to compete, must own an attribute that is the opposite of ‘speed’ and ‘overnight’. The exact opposite would be “slow” and “Takes a week”, not exactly good attributes to hold in the customer’s mind. Instead, look at the implied attribute that FedEx inherits with owning the position of ‘speed’ and ‘overnight’.
  7. This might be a little hard to grasp. Oftentimes we all believe that a good mix of different marketing strategies will get us the results we want. A little advertising here, a couple of webinars there, each executed well will win the day. Nope, not according to this law. Each of your competitors is doing the same thing. A little here a little there. If you are bigger than they are you are probably giving them the opportunity to match your efforts, just a little smaller in size, which means that you really aren't gaining much of an advantage. An example they give is the two strong moves that were made against General Motors. The Japanese came at the low end with small cars like Toyota, Datsun and Honda. The Germans came at the high end with super premium cars like Mercedes and BMW Victoria's Secret was started in San Francisco, California, in 1977 by Stanford Graduate School of Business alumnus Roy Raymond,[3] who felt embarrassed trying to purchase lingerie for his wife in a department store environment. He opened the first store at Stanford Shopping Center, and quickly followed it with a mail-order catalog and three other stores.[3] The stores were meant to create a comfortable environment for men, with wood-paneled walls, Victorian details and helpful sales staff. Instead of racks of bras and panties in every size, there were single styles, paired together and mounted on the wall in frames. Men could browse for styles for women and sales staff would help estimate the appropriate size, pulling from inventory in the back. In 1982, after five years of operations, Roy Raymond sold the company to The Limited.
  8. Amazon and dell are great innovators of change