Wednesday, September 18, 2013
I guess we discussed enough about Sales and Marketing last time. You should be able to say by now that the photo opposite is wrong, if the intention behind posting it was only for Sales &Marketing! Nah, I just got carried over as these guys really look cute in those superhero costumes.
The Error in the Picture
The thing that is wrong with the photograph is that a couple of more of Marketing's sub-ordinates are not here. And one among them whom you just can't ignore, leaving sales aside,as he is really really indispensable. Monsieur "Strategy" is the one I refer to.
In our profession,ladies and gentleman, costing is okay but she is no ogre. What is important is how and with what strategy, the approach is made. This is much more important than the price in Selling of High-Value Equipment.
In certain Sales blogs,you often come across Lao's "The Art of War"but as I have said before, I prefer to read Clausewitz's book "On War"which reflects on history's famous wars to underscore the points in his book. Great rivalries today see the market leader take themselves up as the competition. The best defense is not to lack the courage to attack yourself says Clausewitz. If Coke had launched an own variant with a 'youth' target, Pepsi would have had no niche to operate.
[Karl Von Clausewitz was a
General in the Prussian Army who wrote the book in 1852 after retirement].
Clausewitz tells us at length about how the strengths of the enemy can often be converted to weaknesses.One of the best examples of this (says Ries and Trout)is how Pepsi Cola of New York socked one to Atlanta's Coca-Cola. In 1915,Coke was sold at a price of 10c for an unique capacity of its bottle which was 6 1/2 oz. Coke had no real competitors, which led to complacence.
Saturday, September 07, 2013
|HOUSE OF CARDS|
So-how are you and how's life been treating lately..Me? Its been a lousy few days.
As you must be knowing by now about my addiction with the net,I was on a high the other day when I saw a blog post. My eyes stuck to the title which said " Now shove this paper on sales face-Marketing". not those exact words, but I'm sure you get the drift.
I stared at it open-mouthed in surprise and tried to know more about the author. But no information was available except for his name. Then it struck me that holy shit! this guy does not know the difference between sales and marketing as yet. Just think of a hypothetical situation where you are walking along with a werewolf expert in a deserted countryside. Suddenly a werewolf sees you both and gives chase, and your friend asks you " Who's that guy?" ..Eeeps!!! And you were counting on this dude to protect you!!!
So, this post is gonna be about Marketing and Sales-the much misunderstood dynamic duo-so that the werewolf doesn't get you............
The entire act of fulfilling a need of a section or few people by allowing them to purchase whatever it is they want is called marketing. Marketing is not one thing-it is a process where different activities come together and start from checking the need an entity has, devise way to fulfill that need, and sell it to the person who is wiling to pay the highest amount of revenue. We have our needs implanted biologically and later psychologically inside us since we are born. In the womb, all its needs were catered to automatically but after birth, the baby say feels odd and therefore bawls. It wants milk which he got every time he wanted it. So it now bawls and presto it gets it. This is the process of breast-milk marketing. In subsequent posts, we are going to visit a man named Maslow, who will a important cog in this learning process.
We will learn about the need, how to fulfill it, how to position it, the importance of advertising, where to target it,how to give it, how to fix the costing etc. Look at the illustration above guys, the cards here are the different functions, the card house is marketing. Some of the cards are more important like the one at the bottom-those are card (sale); card (need); card (costing). The cards above are slightly less important maybe. It all depends upon the application.
Rahul Bajaj and Bajaj Auto Ltd.