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In
Praise of the Buying Cycle
An
Exercise in Customer Retention
Lifetime
Customer Value Drives Budgets
Building
the Marketing Budget
Strategic
Public Relations
Loyalty
Programs
Chief
Marketing Technologists
Marrying
Marketing and IT
The
Mechanics of Marketing
The
True Measure of Marketing
Customer
Retention Strategies in Action
Customer
Retention Strategies
Hidden
Obstacles to a Successful Strategy
The
Process of Marketing Process
A
Marketing Education
ROI
Is No USP
On
the Web, Everyone Can Hear You Lie
What
Do Your Customers Want? Don't Ask Them
Branding
Schmanding
Wrong
Market. Wrong Time
When
Branding Doesn't Work
Aligning
Collateral to the Buying Cycle
Positioning
for B2B
Strategic
Pricing
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WHAT'S
YOUR HOGWASH FACTOR?
For reasons having to do with habit and custom more than anything
else, marketers today are still mired in the notion that marketing
and bragging are inseparably linked. That good marketing means exaggerated
claim-making. That no strategic marketer would ever take a position
in the marketplace that didn't involve being the best or the smartest
or the most innovative. That tactical marketers must be sure that
every scrap of collateral they make must stake a claim for biggest
or strongest or fastest.
Honestly, do you think anyone really believes that? I mean, maybe
it works for shoelaces or bar soap, but do you think that works
for your products and your company? Do you believe that stuff when
you read it from other companies?
Maybe once that worked--way back in the Space Age. But the marketplace
is smarter today and the web makes it so easy for a people to find
out whether you're telling the truth, without asking you. It's a
cakewalk to find out exactly how much Hogwash a company is spreading.
Here's a simple example. The other day I came across this gem from
a company's executive management section at their web site:
An internationally renowned film director and businesswoman,
<name> started her career in Paris in 1968.
I was very intrigued. Until I did 90 seconds worth of checking.
I popped over to Google and entered the executive's name. I expected
to find a list of films, and a fair amount of press and other mentions
of her 35-year career from around the world. I expected that, because
that's what the company told me to expect.
What did I find?
Nothing. Five entries from the engine; two pointed me to the page
I had just read, and the other three had nothing to do with her.
The conclusion I reached was obvious. This person is not internationally
renowned, clearly hasn't made a film worth mentioning anywhere across
the Internet. Someone's playing with the facts here. And that simple
search online positioned them in my mind. Hogwashers.
Once I hit Hogwash, I begin to question everything else that the
company claims. No matter how true it may be. From their list of
awards to their list of customers. From their partners to their
privacy policy. And that means that it's going to be that much harder
for them to sell me: that much more resistance they'll have to break
though. And sales resistance is what they're supposed to remove,
not build up.
(Imagine it's you on the sales call when I say, "so what is
this business about internationally renowned film director"
and you have to stumble through an inadequate answer--meaning: you
have to eventually let me know it really is just another truckload
of Marketing Hogwash.)
How simple it would be to avoid it:
A film director and businesswoman, <name> started her career
in Paris in 1968
No less intriguing (at least to me). And much more credible.
OK. Time to turn inward. What about your company? What's your Hogwash
Factor? How much damage--subtle and not so subtle--are you doing
to your company credibility by making insupportable claims? How
many of you are claiming to be "the leading provider of . .
. ." when you could, as does IBM for instance, claim to be
" a leader in . . . ."
And if you are one of the Hogwashers, ask yourself: Why? Why risk
being called to task for unsupported claims? Why make statements
your sales force will eventually have to apologize for in one way
or another? Why not tell it like it is? If your offering and company
can stand up in the marketplace, why not let them? Are you convinced
that if you don't say you're the best product on the market, no
one else will? Or that if someone reads your collateral and you
haven't made that claim, they're going to do business with a company
that does?
Is that how you approach a buying process: will you only do business
with companies that claim to be leaders or best or most or greatest
or biggest?
I bet not. I bet you think and compare and question and analyze
before you buy. I bet you take a look at the enormous loads of insupportable
claims that companies shovel at you day in and day out and either
get negative about the company, or simply ignore it all. I bet you're
too smart to swallow Hogwash.
Want to know something? Your customers are too.
That's what we think. Click here
to tell us what you think.
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