david can still beat goliath
Concentrate and Sell
05/04/2010 09:22 AM Filed in: Norton Warner
The following is an excerpt from the book David Can Still Beat Goliath, by Norton E. Warner:
Most advertisers see all ad media as performing the same function: getting the word out. The goal of most advertisers is to reach as many people as possible, believing that the medium chosen makes little or no difference as long as money is being spent on advertising. Such assumptions and practices produce nothing but ineffective advertising and wasteful spending. All advertising media can be effective, but they work differently and perform distinct functions. A common mistake is to develop a budget and then spend it on advertising without any thought as to which medium offers the best solutions for advertising and promotional needs. Many enterprises assume that the longer the list of media used, the more people they reach and the more effective the campaign. Quite the opposite. Even the most prosperous companies have budget limitations. Buying a little advertising from every sales rep who calls on you is a waste of your advertising budget. Concentration of budget on the best ad medium for you is critical to making advertising work for you.
Norton is the author and creator of Marketing Firepower. Five decades helping businesses develop strategies, create campaigns, identify and target the most profitable customer and proper budgeting advice have all contributed to the Marketing Firepower information. Norton created Marketing Firepower to make his experience and success strategies available to businesses around the world.
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Chasing Rainbows
04/20/2010 02:23 PM Filed in: Norton Warner
The following is an excerpt from the book David Can Still Beat Goliath, by Norton E. Warner:
Let your competition wander all over the market in search of an identity as your strategy becomes more focused, informed, defined and consistent. Most of your competitors will change from day to day. They will react to every show of enemy strength with a matching strength. Barely comprehending what it takes to win on the battlefield of the consumer’s mind. Constant, unfocused strategy changes erode a business’s identity and confuse the customers. Such businesses are moving targets for consumer perceptions if they change media every month or drastically alter the story they tell. They may not advertise at all, then load up on advertising for several months. They’ll scrap one strategy or campaign and adopt another because of one competitor’s innovation. As a consequence, the consumer never gets to know who they are, what they offer, or how they are different from the rest. Just when customers begin to know them, they become something else, raising doubts about the nature of their businesses, what they offer, when they offer it, and how they excel over their competitors. Maintain your focus and your consistency. You will succeed and win the battle for the consumers mind.
Norton is the author and creator of Marketing Firepower. Five decades helping businesses develop strategies, create campaigns, identify and target the most profitable customer and proper budgeting advice have all contributed to the Marketing Firepower information. Norton created Marketing Firepower to make his experience and success strategies available to businesses around the world.