The Power Of Emotion In The Marketplace

October 9th, 2009 | Posted in General | by Michael Hobach

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Your company offers the best product or service of its kind in your industry. Its prices also happen to trump all comers. Tons of money is dumped each year into advertising and marketing yet your sales have not taken off. Meanwhile, your competition is enjoying a boon that is unbelievable.

What are you doing wrong?

Chances are it has nothing to do with your product, service or the pricing involved. The likely culprit for your sluggish returns is found in how your marketing is handled. Even if you are spending a lot of money and really getting the word out there, it may not pay off. If your message does not reach customers the right way, your gains may only be modest at best.

Take a look at the competition and see how it is getting the word out about a product or service. Look beyond the actual frequency of campaigns or the vehicles that are used. Pay attention to the substance, style and presentation of the advertising.

There is a very good chance that your competition has succeeded in reaching out to customers on an emotional or subconscious level where you have not. If the competition is using marketing techniques that speak to customers, so to say, it will not necessarily matter that you have better pricing and better products to offer. They will make the sale every time. Your traditional marketing techniques might improve your sales, but they will not produce the skyrocketing results your competition is enjoying.

So, why is it that emotions are so important in marketing?

When customers are appealed to on an emotional level, they will respond even if they do not necessarily mean to. People simply gravitate toward products, services or companies they feel they can trust. They are also more likely to support products that they believe can do something for them or their families that other products might not be able to.

Consider some of the most successful companies in the world. They have spent a great deal of time and effort making themselves household names. Many have done this by reaching out to consumers on the emotional and subconscious levels.

Say you sell laundry detergent. Your product is marketed as the greatest powerhouse with the most value. Your sales are good, but they could be better.

As you try to grow your reputation, competition comes on the market. Its product is clearly not as good as yours and its price might even be a bit higher. Its packaging, logo and promotions, however, have been designed to reach consumers on an emotional level. The commercials show busy working moms beaming that their children look so well taken care of. They might show single guys impressing the ladies with their crisp, clean and stylish clothing. While your product might actually do those things, the competition might enjoy a bigger piece of the sales pie because it has convinced others that it provides the solution to their problems.

When it is time to take your business to the next level, marketing will matter. Learning how to reach clients in a different, more compelling way can make all the difference in the world. There are secrets about marketing that can turn the table in your favor, emotional appeals are just one avenue for success.

 

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Influence Customers And Sales Will Come

October 7th, 2009 | Posted in General | by Michael Hobach

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What makes one product sell a hundred times better than a similar and even lower-priced brand? Why will some people pass up major savings to buy identical items at higher-priced stores? How come some service providers are overrun with business when their competition hardly receives a telephone call?

There is a single answer to all of these questions: It is influence.

When marketing professionals manage to influence consumers with their advertising and branding campaigns, it shows in people’s responses to certain products, stores and service providers. If influencing is particularly successful, consumers are likely to pass by savings, convenience and even better service and higher quality to get what it is they believe they cannot do without.

Take pause and think about marketing campaigns that have proven wildly successful. Pay attention to stores and service providers that pack in customers even if their competition has better pricing. Look at their ads, watch their commercials and see how they do things. Chances are you will see influence at work in everything they do. From the corporate or product images they create to how they appeal to consumers, the highly successful know how to wield influence.

Learning the ropes of influencing through marketing is no easy feat. There are many marketing professionals who simply have not mastered the craft and likely never will.

To use influence to one’s advantage, it takes reaching beyond the norm in marketing practices and trying to connect with people on a deeper, and often more meaningful level. Many marketers shy away from the concept because it can be risky, but traditional means of making sales are proven and will show results. Rather than take a chance that could lead to incredible sales, they prefer to stick with modest returns.

When marketers do choose to use influence to help their clients enjoy success, they will find there are a number of different directions they can go. People are influenced by a lot of different forces. On the most basic of levels, they are influenced by the need for food, shelter, clothing and water. Working on a different level, there are 22 other major motivating forces that can drive consumers to take action, purchase products or patronize particular stores or service providers. When campaigns tap into these forces, they tend to reach out to people and drive them through their desires or wants.

Learning how to market through influence requires understanding a few basic truths about people. The reality is that while many humans like to think of themselves a logic driven, most people simply are not. When marketing campaigns sell an image, a lifestyle or a feeling, they do tend to get noticed.

If your marketing campaigns are falling flat or are just not getting the results you want, it might be time to exercise a little influence. When the right motivators are used in advertising, a big change can be seen in the bottom line. Campaigns of this nature are not easy to pull off, but the risk can be well worth the rewards.

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MLM and Network Marketing Schemes

September 17th, 2009 | Posted in MLM/NM, Personal | by Michael Hobach

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I thought I’d cover this early in our discussion – I have been involved with a number of Network Marketing Companies in the past. I have built a downline of several thousand people. I have earned thousands of dollars per month through Nework Marketing – years ago…

I have several really nice suits and cotton white shirts in my closet.

I’ve taken and written off many vacations.

I even purchased for cash a timeshare in Florida just outside of the Disney properties.

I never worked so hard in all of my life!

Some companies have really wonderful products and I still order Nuskin through my distributor account. Other companies have fizzled and all but gone away. Yet others keep going because they make so much money that they can stay alive.

I was a presenter – I had my laptop connected to a video projector and I stood up there talking to the groups that my downline ‘Invited’ to our presentations.

I did in-home demonstrations – I just can’t tell a woman that she has lines and wrinkles in her face that our product would help!

I told people that it was easy to make the money that I made – that I would show them exactly what to do.

Have you been here?

Pay attention to what I’m going to say for the rest of this post…

If a company has a product that is sold through a distribution channel that requires multiple people to earn a commission – no matter how good it is, it is going to be over priced. Remember that the company makes the biggest profit – then all of the ‘Distributors’ down the line to where the product actually gets to the customer. Whew… hard to imagine the whole $$ thing. You have a  $1.00 product that ends up costing the buyer $49.00 because of everyone in between that needs to get a cut.

No matter how good it is it takes a lot of ’selling’ to convince the buyer that it’s worth it.

Don’t forget the ‘autoship’ product that you have to maintain – $100 of product produces commissions for all of that upline – doesn’t matter that YOU are buying it now does it!

Here is what I really didn’t like about Network Marketing…

My (BIG) income had nothing to do with my ability to sell or market the product(s) – it was directly dependent on how well I recruited, motivated and babied those in my downline.

I stopped counting how many times I heard – "I can’t find anyone to buy this stuff" or "I don’t have any friends who I can recruit"

But this is why I won’t do this ever again – no matter what the product or how close to the top I’m placed. Just never going to happen.

The difference with doing my own thing…

When I have my own company, products, services, etc – I can decide what I’m going to sell today. If wigs that make a woman look like beyonce are hot (look up ‘beyonce wigs’) then I will promote it… if it’s the beginning of the NFL season I want to be able to promote ‘NFL wear’ or Fantasy Football League web sites.

I want to choose what I’m going to sell… something that I know is hot and real people are really buying them!

I don’t want some company to tell me that their product is hot – because that’s what they produce and market – regardless of how cold the market is for their product. Just because they say that their products are needed – it’s the wanted products that I will be promoting!

IMPORTANT NOTE!

Please don’t comment about how the MLM or Network Company that you are with is different. I’ll delete your comment and ban you from this site.

We are not here to promote MLM / Network Marketing as the way to really make money.

To your continued success,

Michael Hobach 

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