My mother used to tell me, tongue in cheek, that I never wanted anything in my life- everything I asked for was something I needed!! Think about it. We say, "I need a new car." "I need to go on vacation." "I need someone to clean my house." When was the last time you heard someone say, "I want a new pair of shoes." I bet even Amelda Marcos said, "I need a new pair of shoes."
As consumers we justify our purchases, at least in our own minds, as being something we need. As business owners, selling our products or services, we have been lulled into believing that customers are buying from us because they need what we have to offer. We are trying to meet the needs of our customers instead of focusing on meeting their wants.
If customers made purchase decisions based on need we would all be driving Model Ts and Henry Ford would have been right, "The customer can have any color he wants so long as it's black."
People may buy a product category due to need. However, they purchase a specific brand or from a certain company based on wants. In other words, needs define the total market and wants define the market segments. For example, people buy a watch because they need to know what time it is. One person buys a Rolex because they want the status and prestige associated with owning a Rolex while someone else buys a Timex because they want dependability inexpensively.
It is often much easier to see the role wants play in purchase decisions when we're talking about consumer products. However, the concept is equally at play even in the business to business environment. Decision makers in the business world are the same people that are buying based on wants in the consumer world. And no matter how logical the surface justification for need is, the factor(s) that tip the purchase scale are going to be wants.
Several years ago I needed to select an ad agency to develop brochures and ads for the company I worked for. There were thousands of agencies across the country and hundreds within the market where I was that could have met that need. I wanted someone local who was big enough to handle the projects but was small enough that I would be a major client for them. It was those wants that drove my selection decision. Someone else in my position may have wanted to work with the biggest and most prestigious agency that would have taken their business. That person would have selected a totally different agency to meet the same basic need.
To successfully market your product or service, identify a segment of the population that has the need for your product but whose wants are not being met or are not being met well. Ask yourself these questions:
* What wants are my competitors filling?
* How can I meet a different set of wants?
* Does (or could) my product or service meet wants in the areas of speed, affordability, ease of access or use, level of service, prestige, or dependability better than my competitors?
Then design your marketing message to address these wants.
(c) 2003 Strategies-by-DESIGN. May be reprinted with credits and contact information.
Julie Chance is president of Strategies-by-DESIGN, a Dallas based firm that helps businesses from professional service firms to specialty retailers Map A Path to Success by developing marketing strategies that attract leads and turn those leads into loyal customers. For more information or to sign up for their free marketing tips newsletter go to http://www.strategies-by-design.com or call 972-701-9311.
|
|
|
|
|
|
|
|
|
|
|


What makes one logo better than another?Simplicity.A good logo works... Read More
We all watch the commercials on TV. We hear them... Read More
Candy, squeeze balls, pens, and key chains -- these provide... Read More
For centuries and most of the decades in the 20th... Read More
You may be in business for yourself or as a... Read More
I bet you thought the movie "Daddy Daycare" was a... Read More
Over the course of your business life you'll come in... Read More
Our business environment has changed dramatically. Companies must now be... Read More
Have you thought about starting your own business? Have you... Read More
The small business marketing strategy you can't afford to miss... Read More
You probably already have in your possession one of the... Read More
Do I need a web site? That is the question... Read More
The following 3 simple selling tactics produce sales by responding... Read More
Many businesses today overlook the importance of business cards as... Read More
Unlike any other marketing vehicle, newsletters give you the opportunity... Read More
Some of the ways in which to get your "name... Read More
What is the most valuable asset your company owns? Inventory?... Read More
If there is one thing I can't say enough it... Read More
Ann Landers, Dr. Phil and Roger Ebert take pleasure in... Read More
Keeping in touch can dramatically increase business, when done properly.It's... Read More
In direct mail, the offer is the incentive or reward... Read More
Printed material is just as important today as it was... Read More
"Try not to become a man of success but rather... Read More
Have you ever wondered why the phones aren't ringing the... Read More
It's no secret that using a job site sign can... Read More
Your URL (www) should be everywhere and more.I know many... Read More
Have you ever chosen to pay attention to someone just... Read More
Use these powerful yet simple tips from the national best-seller,... Read More
Without doubt, understanding what a customer's wants and needs are... Read More
Strategy #1: Change Your Mindset That's right, change your mindset!... Read More
A provocation for the coming year, decade, century or millennium.By... Read More
1. Make copies of your web site in many different... Read More
Whatever business you are in, either online or offline, you've... Read More


Have you ever chosen to pay attention to someone just... Read More
With so much money invested on innefective advertising, it's time... Read More
Have you ever put on a jacket you haven't worn... Read More
Time is a concern for all of us. We only... Read More
Say it with a post card. A well designed, colorful,... Read More
A database is more than a simple list of names... Read More
Unlike any other marketing vehicle, newsletters give you the opportunity... Read More
I just collected my mail. As usual, more than 80%... Read More
The purpose of business is to create and retain a... Read More
Many sales problems can be solved by improved marketing. Selling... Read More
Expanding your subscriber list, whether it be for your ezine,... Read More
As a professional service provider, you're paid for what you... Read More
In the last issue we looked at 5 reasons why... Read More
There aren't many things in life that you would get... Read More
Creating Your Unique Selling Proposition"Don't tell them what you do.... Read More
"Try not to become a man of success but rather... Read More
Face it?you know you've got to do something to keep... Read More
Apart from being the fastest, easiest, and most profitable strategy... Read More
My niece recently graduated from high school, and my family... Read More
When conducting strategic planning for any company -- online and/or... Read More
First of all - keep in touch with your customers!... Read More
Your URL (www) should be everywhere and more.I know many... Read More
A case study in online "thinking outside the box" The... Read More
Nothing gets people buying products or programs like a special... Read More
The right direct mailing list targets people who want your... Read More
The Logo: a little historyLogotype, commonly know as a logo,... Read More
SMS is good for:? Short lead times and immediacy ?... Read More
Too many loan officer websites look like congested intersections, information... Read More
1. Personal Unlike an advertisement in a trade publication, which... Read More
As Freud cautioned, it's insanity to keep doing the same... Read More
A marketer whose advice I generally respect recently published an... Read More
Available to all small businesses are business lists, which come... Read More
We all DO judge a book by its cover, and... Read More
Marketing |