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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Monday, August 5, 2013

Creating Or Finding Problems To Create Markets - "Don't Cure The Disease. Treat the symptoms!"

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You can create (or allow the proliferation of) problems in order to fuel a market for their solutions; name diseases and come up with medications; avoid getting to the root of problems and make a fortune (Splenda or Sensa anyone?) selling symptomatic remedies...and these remedies might either be addictive or create secondary problems for which profitable cures can be found and advertised.

This is not the "New Normal." This is exploitation that has been an integral component of both innovation and marketing which has in and of itself been growing. Eager marketing strategists are often in favor of creating (or at least identifying) problems to solve with new products; but it has reached a point in our marketing playbook, that its often a good strategy to stay ahead of the curve that you yourself create by promoting products which just treat symptoms, but do not ever cure -- and worse, there are some unscrupulous folks out there (they make science fiction books about it) who would create diseases, perhaps plagues -- if they could be the only ones with the cure.

If that last example sounds familiar, it's because

I came across the following article in my reading earlier, and wanted to share this excerpted link with my readers at The Mad Marketing Tactics Blog. Trust me -- you'll see why when you return to this page.

FDA rule creates standards for gluten-free food labels
The FDA has issued rules to define the term "gluten-free," saying foods with that label must contain less than 20 parts per million of gluten. Food manufacturers will have one year to comply with the regulation, which has been in the works since 2007 and conforms with rules used in the EU and Canada. USA Today (8/2), The New York Times (tiered subscription model) (8/2), Progressive Grocer (8/2), CandyAndSnackToday.com (8/4), Advertising Age (tiered subscription model) (8/2)

Scientists have been researching the facts and postulating (informally, unofficially, but loudly) that it seems that the more recent generations of children  (including folks up into their late thirties) of our American society are "developing an increasing variety of food allergies and sensitivities." 

There are allergies to peanuts, fruit, lactose and gluten -- and other allergies, increasing in both their number and type and in the percentage of the younger population affected. Obesity is also a growing problem [no pun intended] and people are getting ready to abandon cane sugar for artificial sweeteners that are not-too-distant cousins of  toxic coal tar distillates. The cane sugar lobby has been railing at the corn sugar and corn sugar syrup-containing products market for the last decade or so, with increasing ferocity, in order to maintain sugars position as an exclusive commodity without competition in order to maintain its market share and control prices -- something like what Big Oil has done, but lighter and sweeter. And of course there's arsenic in apple juice (in almonds too, if you eat a truckload of them).

Always, as they say in law enforcement, follow the money. And if you follow it upstream, you'll find that the companies who are making a fortune in the "everything is dangerous, and has either harmed or will harm people in the future" is Big Pharma, the big food companies, and of course, the legal profession (asbestosis, and the like) and the legislators and regulators who are spawned from the legal profession.

In marketing, depending upon how unscrupulous you'd like to be, the holy grail for you is to either make a relative non-issue into a lobbying point and set some do-gooders to the task of screaming about it so that they can clear a path for you to market something new, or you can be even more innovative and outright lie about the deadly side-effects of anything and either sell information about it or sell a product to deal with it, symptomatically. 

The trick is to identify problems and find solutions - that's how markets are discovered and businesses founded. A newer trick is to "create a demand" for something (in B2C marketing), and build a business around that -- in a way, branding creates a demand, and I like that. 

What goes against my ethics is to avoid finding a solution to a problem -- perpetuating it and lobbying about it -- and only offering symptomatic relief when a cure could be found, and where some of all of these unethically-derived profits might be rightfully, albeit voluntarily, be invested after enough low-hanging fruit have been harvested and squeezed.

The title of the article says it eloquently: Creating Or Finding Problems To Create Markets - "Don't Cure The Disease. Treat the symptoms!"

Thank you for reading and Re-Tweeting to your social media networks.

Douglas E. Castle at http://DouglasECastleBlog.com (the NEW professional blog) and at http://www.DouglasECastle.com (the old personal observations blog). 

Some Labels, Tags, Keywords, Categories And Search Terms For This Mad Marketing Tactics Blog Article: marketing, business, opportunism, symptomatic relief, food allergies, marketing, creating problems to create markets, hype, trends, guerrilla marketing, Sugar, lobbies,product domination and price control, marketing tactics, branding, created demand, avoiding a cure, ethical issues   


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Sunday, July 14, 2013

Mobile: Marketing "Cycle" Replaces "Funnel" - Paradigm Shift

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Has the marked increase in the prevalence of mobile marketing begun to displace the traditional sales funnel with something more like an iterative sales cycle? To some extent (yet to be determined) it has. If you are a smart business person, you will apply this knowledge to your optimal use. If you normally read The Mad Marketing Tactics Blog, you must be an early adopter, lest you be tossed off of my guest list for the annual Caribbean get together [which does not really exist].

I received the following information on a news briefing from the American Press Institute in one of their June mailings:

With the rise of mobile devices, the traditional sales funnel is no longer applicable and is being replaced by a “shopping life cycle” because “consumers no longer go shopping, they always are shopping.” Similarly in media, a single delivery channel and time for news has been replaced by a personal cycle of news where readers are piqued by a topic, then explore various channels when most convenient for them.
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Following are some additional bits of information which tend to support this shift in marketing habits (consumerism) which much be met with changes in marketing tactics, marketing strategy and the media mix expenditure and market expertise focus and  allocation.



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In my opinion as the writer of The Mad Marketing Tactics Blog and of The InfoSphere Business Alerts And Intelligence Blog, I feel that this paradigm shift is real, and will grow in its dominance. the "fix" for sellers of services and products will have to incorporate the following aspects in terms of focus, emphasis and technological fluidity:

1) You must be increasingly mobile-friendly or actually mobile-based to accommodate the increase in tablets and smartphones. Your wares must be presented in a way that is friendly to the viewers' collective eye, must be easily device navigable, and must have a simple means to purchase and pay (with the necessary verifications) seamlessly and simply;

2) You must emphasize and promote the notion of automatic re-ordering, as well as the availability of text reminders about reorders and about sales, special events and new product or service developments. The idea is for the viewer/ consumer to have "things" that are automatically renewed and charged without thought or effort (if the item or service is not tremendously expensive) in a classical but technologically -advanced auto-renewal fashion. If the items are expensive or change from month to month, you must provide the customer with A) alerts, and B) a fast form [based upon the retention of a customer credit and shipping profile] to make ordering a select and click process; and

3) You must incorporate a subscription model and double-opt-in methodology in order to serve proven or motivated customers or clients rather than rely upon the rapidly-self-extinguishing model of the number of website visits and the percentage of conversions to sales;

The future of the marketing funnel is to be able to gain "subscribers" who become clients rather than to obtain potential one-time purchasers.

A sociological comment might be in order here; you might seriously look at having Millennials and your consumers who are tech-savvy be a part of your marketing tactics and strategy team, your focus groups, and your design contingent for product or service delivery.

As always, thank you for reading me, and for sharing these articles with your connections, colleagues and even CLIENTS (!) across you various social media channels by using your ever-growing arsenal of social media sharing tools and technologies.

Douglas E. Castle






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