How to Triple The American Market…Through Marketing Savvy
What would you say if I could tell you how to turn the 326 million (population) Americans into 978 million – to which you would have the opportunity to market your product/services?
And, in this coveted market, you would not have to consider changes in anything – not even per capita spending – to permeate this consumer driven American society.
I believe I can convince you that there is a thrice-expanded market out there, ready for your innovative ideas. It is just waiting for creative concepts from today’s marketers to capture it and make it work for them.
Where are the two-thirds “extra” people coming from? We must consider “personalities” rather than “heads.” As in the “Three Faces of Eve,” each of us are three different people – one person at work, another with our friends, and the third at home with our family.
These multiple personalities create multiple opportunities for marketers. When seized, these produce such sales explosions and line extensions as those experienced by what was once simply called the tennis shoe market. There are now all kinds of specialty “sneakers” – for jogging, running, walking, basketball, tennis, cross-training and more.
Over the back fence, after mowing the lawn on Saturday, one might have a Becks beer with a neighbor. Come Saturday night, at the bowling alley with the team from work, he might order a Bud. And on Sunday, while watching the game on TV, he grabs a Miller Lite from the refrigerator.
What this tells us is that brand preference is determined as much by situations as by demographics. The average individual is more sensitive to what he may want in any given environment 00 he is not less loyal – just more loyal under a particular circumstance.
Complacency has no place in marketing. When you’ve identified your audience as to demographics, psychographics (who buys) and product benefits (why they buy) – it’s not time to sit back and watch what happens. Then it’s time to evaluate the situation – or the “how” the product is enjoyed.
Appreciation for the consumer’s situation can shed light on the results of a campaign such as “If you’ve got the time, we’ve got the beer, Miller Beer” which highlighted beer was good anytime you had the time. Then there was “Weekends Are Made for Michelob.” That campaign both abdicated the work week to other beers.
The buzzword for marketers today is…"Awareness." Remain aware of every possible opportunity to triple your market by taking into consideration the “personalities” of the consumer.
5 Steps to Perfecting Your Business System to Become a Franchisor
So you have a successful business with a single or multiple locations and you want to grow. Here are some quick tips to get started on the path to franchising your business.
PR Mapping: 4 Ways to Wow
Before any good franchise marketing PR professional maps out a strategy for success, they start with four key principles: Know the brand, know the industry, know the messaging, know the journalist.
Determining the “Franchisability” of your Business
Not every successful business can be franchised. But for those that can meet the criteria set out above, franchising can provide one of the greatest growth vehicles ever.