22 Immutable Laws of Marketing (Asia)

Mark Normand
Mark NormandManaging Director
22immutable,[object Object],LAWS of MARKETING,[object Object],Asia,[object Object]
The 22 Laws should be used as a 'diagnostic check' of a company's market plan for a given product or service; it is probably a useful exercise to cross-check your own plans against the 'laws‘, if only to ensure that all possible perspectives and issues have been considered. ,[object Object],The second use is a reminder of the importance of the perception of your service or product in the mind of your customer (and the consequent need to undertake qualitative research such as focus groups and depth interviews to better understand and define this perception).,[object Object]
THE LAWOF,[object Object],LEADERSHIP,[object Object],#1,[object Object],It’s better to be first, than it is to be better,[object Object]
Who is the market leader in ‘essence of chicken’?,[object Object],THE LAWOF,[object Object],LEADERSHIP,[object Object],#1,[object Object],Source: Reader's Digest Gold Consumer Survey,[object Object]
THE LAWOF,[object Object],LEADERSHIP,[object Object],#1,[object Object]
If you can’t be first in a category. Set up a new category to be first in.,[object Object],THE LAWOF,[object Object],CATEGORY,[object Object],#2,[object Object]
THE LAWOF,[object Object],CATEGORY,[object Object],#2,[object Object],Traditional Categories,[object Object]
THE LAWOF  ,[object Object],MIND,[object Object],If better to be first In the mind, than to be first in the marketplace,[object Object],#3,[object Object]
Marketing is not a battle of products. It’s a battle of perception.,[object Object],THE LAWOF,[object Object],PERCEPTION,[object Object],#4,[object Object]
THE LAWOF,[object Object],PERCEPTION,[object Object],#4,[object Object]
THE LAWOF,[object Object],PERCEPTION,[object Object],#4,[object Object]
THE LAWOF  ,[object Object],FOCUS,[object Object],#3,[object Object],The most powerful concept in marketing is owning a WORD.,[object Object]
 = Safety,[object Object], = Fast Food,[object Object], = ???,[object Object],THE LAWOF  ,[object Object],FOCUS,[object Object],#3,[object Object]
THE LAWOF  ,[object Object], It’s not just owning ‘words’,[object Object],FOCUS,[object Object],#3,[object Object]
THE LAWOF,[object Object],EXCLUSIVITY,[object Object],#6,[object Object],Two companies cannot own the same word in the prospects mind.,[object Object]
THE LAWOF  ,[object Object],The strategy to use depends of which rung of the ladder your on.,[object Object],LADDER,[object Object],#7,[object Object]
THE LAWOF  ,[object Object],LADDER,[object Object],#7,[object Object]
In the end, every market becomes a two horse race.,[object Object],THE LAWOF,[object Object],DUALITY ,[object Object],#8,[object Object]
THE LAWOF,[object Object],If you’re shooting for 2ndplace,,[object Object],then your strategy is determined by the leader.,[object Object],OPPOSITE   ,[object Object],#9,[object Object]
Over time, a category will divide into two or more categories.,[object Object],THE LAWOF,[object Object],DIVISION,[object Object],#10,[object Object]
SUPER COMPUTER,[object Object],MINI,[object Object],DESKTOP,[object Object],MAINFRAME,[object Object],TABLETS,[object Object],WORKSTATION,[object Object],LAPTOP,[object Object],NETBOOK,[object Object],THE LAWOF,[object Object],DIVISION,[object Object],#10,[object Object]
Other Laws still apply,[object Object],THE LAWOF,[object Object],DIVISION,[object Object],#10,[object Object]
Marketing effects takes place over a long period of time.,[object Object],THE LAWOF,[object Object],PERSPECTIVE,[object Object],#11,[object Object]
There is pressure to extend the equity of the brand.,[object Object],THE LAWOF,[object Object],     LINE EXTENSION,[object Object],#12,[object Object]
THE LAWOF,[object Object],     LINE EXTENSION,[object Object],#12,[object Object]
The Top Ten Best Selling Sodas of 2007,[object Object],1. Coke Classic 17.2%2. Pepsi Cola 10.7%3. Diet Coke 10%4. Mountain Dew 6.6.%5. Diet Pepsi 6%6. Dr. Pepper 5.9%7. Sprite 5.6%8. Fanta 1.8%9. Diet Mountain Dew 1.6%10. Diet Dr. Pepper 1.6%,[object Object],THE LAWOF,[object Object],     LINE EXTENSION,[object Object],#12,[object Object]
You have to give up something in order to gain something.,[object Object],THE LAWOF,[object Object],SACRIFICE ,[object Object],#13,[object Object]
THE LAWOF,[object Object],ATTRIBUTES ,[object Object],#14,[object Object],For every attribute, there is an opposite effective attribute.,[object Object]
THE LAWOF,[object Object],When you admit a negative, the prospect gives you a positive.,[object Object],CANDOR ,[object Object],#15,[object Object]
THE LAWOF,[object Object],SINGULARITY ,[object Object],#16,[object Object],In each situation, only one move will produce a significant results.,[object Object]
THE LAWOF,[object Object],SINGULARITY ,[object Object],#16,[object Object]
THE LAWOF,[object Object],SINGULARITY ,[object Object],#16,[object Object]
THE LAWOF,[object Object],UNPREDICABILITY ,[object Object],Unless you an write your competitors plans, ,[object Object],you can’t predict the future.,[object Object],#17,[object Object]
Success often leads to arrogance, and arrogance leads to failure.,[object Object],THE LAWOF,[object Object],SUCCESS ,[object Object],#18,[object Object]
Failure is to be expected and accepted.,[object Object],THE LAWOF,[object Object],FAILURE ,[object Object],#19,[object Object]
THE LAWOF,[object Object],HYPE ,[object Object],#20,[object Object],The situation is often the opposite than the way it appears.,[object Object]
Successful programs are not built of fads, they’re built on trends.,[object Object],THE LAWOF,[object Object],ACCELERATION ,[object Object],#21,[object Object]
THE LAWOF,[object Object],RESOURCES ,[object Object],#22,[object Object],Without adequate funding, an idea wont get off the ground.,[object Object]
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22 Immutable Laws of Marketing (Asia)

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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 namedName 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.