|
|
|
|
|
|
|
|
|
|
|
I bet you thought the movie "Daddy Daycare" was a kiddie comedy, right? Wrong...It's a marketing strategy film! When Charlie and his friend Phil are fired as Product Development/Brand Managers for a cereal company, they decide to fill a need in their community.
Along the way to success they demonstrate several solid marketing strategies -- equally applicable to online, offline, and integrated companies. Take these lessons to heart when developing plans for your business.
The future entrepreneurs visited each daycare in the area. While doing so, they got a feel for their daycare competitors. By knowing your own competitors you will be better able to effectively find a way to compete.
Competitor research does not have to be thought of as "guerrilla warfare." In many industries, competitors work together by partnering, cross promoting, sending business to each other, or even manufacturing each other's products.
Charlie and Phil understood that price is not the only important factor for their target market. Based on their own experience and customer research (talking to other parents), they recognized that other concerns besides price played a part when parents choose a daycare provider.
While price is almost certainly a consideration for your customers, don't get caught in the mentality that customers will buy from you only if you have the lowest cost. If you think of your own service/product as a bundle of attributes having a unique value for your customers, you will be more successful.
Charlie and Phil uncovered an unmet need in the market by combining their competitor research and knowledge of customer values. You can do the same when looking to develop new products/services or improve existing ones.
Using knowledge from the first three lessons, they positioned themselves as the quality alternative and focused on providing different benefits than their nearest competitor. In the movie, Daddy Daycare stole all the competitor's customers and drove her out of business.
In real life, customers choose a product/service that best fits their needs. Consequently, competitors can co-exist when each are valuable in different ways to industry customers.
The tag line "Who's your Daddy?" helped advertise the new business. Often, a concise, catchy tag line can go a long way in building brand equity, communicating benefits and features, and/or conveying a feeling/mentality your target customers can relate to.
"Just do it." (Nike)
"Life Unscripted" (TLC)
"Naturally sweetened whole grain oat cereal with real berries." (Berry Burst Cheerios)
"Makes anything possible." (Craftsman)
Phil and Charlie put their tag line on t-shirts along with their business name. They also printed and distributed flyers that explained their new company's positioning.
A few more ideas you can use to spread the word about your business:
Word of mouth -- give customers an incentive to tell people about your business. Advertising -- use both online and offline methods. Online options include pay-per-click search engines and ezine advertisements. Offline methods include radio spots and newspaper advertisements. Philanthropy -- donate money, services, and/or time to non-profit organizations or conduct your own event.
The new business owners cooperated fully with the daycare inspector. They treated him as a source of information rather than "Big Brother". This resulted in not only a better business, but also a valuable ally. In the long run, your own company will be more likely to thrive if you concentrate on improving the business rather than dodging regulations.
Besides being unethical, subterfuge soils your reputation. In the movie, the competing daycare crashed and ruined a fundraiser event...spilling bugs, freeing animals, and drenching visitors. Short-term, it worked. Phil and Charlie were broke, seemingly with no way to continue with their venture.
In the long run, Ms. Subterfuge had such a poor reputation (from this and other business tactics), her business failed.
In the beginning, the new Daddy Daycare was a complete disaster. Charlie and Phil did their "homework" and knew they had a good idea. When reality hit theory, however, a few not-so-minor details got in the way. Like all successful marketers, they worked out the kinks (okay...disasters) and kept trying (and trying, and trying) until they got it right.
Keep the Daddy Daycare lessons in mind when developing and implementing your own marketing plan. Don't give up, strive to continually improve, and you're business is sure to be a success.
Bobette Kyle draws upon 12+ years of Marketing/Executive experience, Marketing MBA, and online marketing research in her writing. Bobette is proprietor of the Web Site Marketing Plan Network, http://www.WebSiteMarketingPlan.com, and author of the marketing plan and Web promotion book "How Much For Just the Spider? Strategic Website Marketing For Small Budget Business." ( HowMuchForSpider.com/TOC.htm )
Copyright 2004, Bobette Kyle. All rights reserved.
So, you have a business card? And you have given... Read More
Having run a multi-state franchise company with multiple brands it... Read More
What's the fastest, simplest and cheapest way to promote just... Read More
Are you still waiting for business to turn around before... Read More
I'm sure that you've had those Eureka! moments, too. When... Read More
Are you looking for a natural way to market your... Read More
Ten Crucial Questions for Your Business Future I'm... Read More
You can love it or you can hate it but... Read More
What is the single biggest fear of teenagers, business owners... Read More
Our bodies work like our small businesses. They work best... Read More
According to the Center for Exhibition Industry Research (the trade... Read More
How To Save Yourself From The Pits of Marketing Cyber... Read More
You're probably familiar with e-mail signature (or "sig") files -... Read More
Everything you will ever need to know about internet marketing... Read More
Advertising on the radio can be an effective lead generation... Read More
Most companies ask themselves this question: "How much will this... Read More
35 Ideas to Spark Your Creativity:There are 3 ways to... Read More
Postcards are perhaps the least expensive way of reaching a... Read More
Which product feature of yours is every buyer keen to... Read More
I'm regularly asked to speak to people, that have either... Read More
Do you feel uncomfortable when you're in the trade show... Read More
Promotions are everything you do to let your customers know... Read More
The year is almost over and the last half of... Read More
Do you ever wonder how some businesses always seem to... Read More
Which pulls the best response, a postcard, a self-mailer or... Read More
The good news is that there are thousands of people... Read More
Exhibiting overseas is one of the fastest and most cost... Read More
Effective marketing for the small business begins with market researchIf... Read More
Pricing is one of the four major components of marketing.... Read More
Each and every day those of us on the Internet... Read More
Most small business owners want to generate huge profits, with... Read More
Websites have replaced the brochure as the "must have" marketing... Read More
Conventional wisdom says that the front of a direct mail... Read More
Most businesses target only people "ready-to-buy". These hot prospects are... Read More
1.Evaluation of Existing Products / Therapies2.Assessment of New Products3.Market assessment... Read More
Interpersonal Communications is the transmission of information from one person... Read More
An inexpensive way to promote your services is to createvarious... Read More
Once you have decided to participate in a trade show,... Read More
You know those bad habits we get. Like raiding the... Read More
Copywriters that try to be clever, humorous, abstract, or use... Read More
Many times when a trade show is planned for there... Read More
It's crucial to know your prospects if you want to... Read More
There's really only one thing that separates Image advertising from... Read More
If you're reading this article, chances are that you, like... Read More
Last week I received a very nice thank you gift... Read More
Wondering if your marketing message is dancing in the spotlight... Read More
Have you ever walked into a store or business and... Read More
One of the best ways to get a restaurant free... Read More
There are four parts to a marketing system and they... Read More
Having run a multi-state franchise company with multiple brands it... Read More
Marketing Marketing |