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.
|
|
|
|
|
|
|
|
|
|
|


Unless you've been living under an Internet rock, you've probably... Read More
This list has been compiled as a result of years... Read More
One particularly hot south Texas day, I was making a... Read More
Direct mail marketing is essential for a business to survive.Choosing... Read More
How does a marketing plan relate to an organization's communications... Read More
Marketers have a wide variety of media at their disposal.... Read More
Did you now how to follow up a new customer... Read More
What is a Joint Venture? A joint venture is an... Read More
YES-- it is true that Networking is an art that... Read More
A marketer whose advice I generally respect recently published an... Read More
Corporate marketing groups - especially bandwidth-challenged small-to-mid-sized departments - can... Read More
Here's a simple way you can generate lots of sales... Read More
Most B2B marketers spend a great deal of time analyzing... Read More
I'm always amazed that people would spend months to develop... Read More
If your company doesn't have a direct marketing program in... Read More
Marketing Ideas Without Action Get You NowhereYou want to grow... Read More
Two years ago, when I first started selling online, I... Read More
Business to business communications on the web are as stale... Read More
1. Focus your fax marketing on one objectiveFax is a... Read More
Every professional or consultant knows that clients typically hire people... Read More
Why give freebies?We have all seen freebies at trade shows... Read More
Want to learn how to lose a billion dollars?Just follow... Read More
Differentiation, niche marketing, and positioning. These and other related business... Read More
Toby is one of our two family pets (both cats).... Read More
Special Requirements for Reprint: we ask only that... Read More
Powerful Marketing has become elusive to many companies seeking strong... Read More
Pre-note: In this article, teleclass is an example used to... Read More
When marketing your practice, as well as designing your brochure,... Read More
Breaking into the international marketplace can catapult a company into... Read More
According to military historian David Chandler the campaigns of Napoleon... Read More
Want to know the simple way to get all the... Read More
The key to success in any business relies a large... Read More
The Rib America Festival is a fun filled family event... Read More


Are you struggling to find a new twist for... Read More
Ten Marketing Pitfalls By Stuart ReidIf you want to make... Read More
Market, Market and then market some more. So many small... Read More
Do sales come from your ezine regularly? How many well-written... Read More
Three seconds. That's what you have to convey your message.... Read More
Have you ever studied your best donors and wished you... Read More
Value proposition is treated as the standards or service that... Read More
1. Create a free ebook directory on a specific topic... Read More
Starting to collect proper information to create a... Read More
Our business environment has changed dramatically. Companies must now be... Read More
Are you looking for a natural way to market your... Read More
NO! When I say "5 P's", I'm not talking about... Read More
First, define the end user (or ideal client) of your... Read More
Lost & Found for the 21st CenturyHere in the 21st... Read More
You can have the best little business ever with wonderful... Read More
What is the most valuable asset your company owns? Inventory?... Read More
Dear Friend,You're ripping me off.How? You may be thinking, "We... Read More
In Part 1, I discussed how traditional marketing is no... Read More
You've heard variations of that saying your entire life. Consider:... Read More
It used to be you that if you had a... Read More
Almost everyone who dreams of starting their own business is... Read More
Advertising on the radio can be an effective lead generation... Read More
Whether you are already running your own business, or still... Read More
A few months ago, we attended the recent Austech 2005... Read More
Any economics student can tell you that price is a... Read More
TOP 10 TIPS TO GET YOU MARKETING TO SUCCESS ON... Read More
It is my belief that if anyone is to suceed... Read More
A provocation for the coming year, decade, century or millennium.By... Read More
1. It costs less to delegate to a professional than... Read More
Business cards are such wonderfully creative little marketing products. Most... Read More
Many businesses today overlook the importance of business cards as... Read More
I met Sue at a recent networking event. She is... Read More
Do sales come from your ezine regularly? How many well-written... Read More
Marketing |