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Marketing: First Things First
"The battle is won or lost on day one...when you pick
your MARKET."
Successful marketing is not so much about WHAT you or
HOW you market as it is about WHO you sell to. If
you get the WHO right, everything else will fall into
place. If you don't, not even the greatest marketing in
the world will help you. The 'WHO'
is the market you choose to sell to. And here's the rest
of 'the secret'... "Some markets are hard and some
markets are easy. If you want to make maximum money in
minimum time go after 'easy' markets. "What do
I mean by an 'easy' market? --- 'Easy' markets defined
'Easy' markets have the following three characteristics.
They are:
1) Easy to reach,
2) Have a burning 'need' for what you've got, and
3) Have demonstrated through their past behavior an ability
and willingness to spend money on the kinds of things you
plan to sell.
The closer the market you choose corresponds to this description,
the 'easier' your life will be.
--- The wrong way
Many entrepreneurs - beginners *and* experienced - get tripped
up here.
They create a product that they're sure the world will
love...
Or they hear that the Internet is a great marketing medium
so they invest in creating a super web site...
Both these approaches remind me of the old expression 'putting
the cart before the horse.' The fanciest 'cart' on earth -
the best product, the slickest web marketing campaign -
won't get you anywhere without a good market 'horse' to
pull it.
In contrast, with the right horse, you don't have to worry
too much about the cart. Nature will take care of itself.
Richard Sears who started the famous Sears catalog and single-handedly
kick-started the direct marketing and mail order industry
over 100 years ago put it this way to a colleague once:
"If it's the right offer to the right person at the right
time, I can write it on the back of an old paper bag in
crayon and it will sell."
That's how important picking the right market is.
Now I'm not suggesting that you do your advertising on
the back of old paper bags in crayon, but I am suggesting
that you radically change your FOCUS. By all means,
continue to study marketing, but - starting right now,
today - resolve to put at least half or more of your entrepreneurial
time and energy into studying specific MARKETS.
And while you're at it, look for 'easy' markets which
means: Groups of people who you can easily reach...who
have a burning 'need' for what you sell...and who have
already demonstrated the willingness and ability to buy
the kinds of things you plan to sell to them. I call it
'shooting fish in a barrel' marketing.
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