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Who Is Your Customer?

Who Is Your Customer?

FromWizard of Ads Monday Morning Memo


Who Is Your Customer?

FromWizard of Ads Monday Morning Memo

ratings:
Length:
8 minutes
Released:
Jan 23, 2012
Format:
Podcast episode

Description

Media Buying Lesson Number OneI’ve never seen a business fail because they were reaching the wrong customer. But I’ve seen hundreds fail because they were saying the wrong things. Most ads answer questions no one was asking.How did we Americans become so fixated on “targeting the right customer” in our advertising?That question has two answers. The first is, “because it’s completely logical” and our natural inclination is to follow the footsteps of lovely Logic, even when she leads us to erroneous conclusions.  The second reason we’re fixated on targeting the right customer is, in two words, “advertising salespeople.”If you were selling a commodity that was only mildly different than the same commodity sold by your competitors, you’d focus your sales presentation on those mild differences, right? Because if you didn’t, price would be the only remaining factor for your customer to consider.I’m not accusing the ad-selling community of deception. I know these people and I like them. A lot. Many have been good friends for years. But like all sellers of products, they cannot be successful unless they convince themselves that buying advertising from anyone else would be a tragic mistake. And they care too much about you to let you make that mistake.Advertising salespeople rarely succeed unless they(1.) sincerely care about their clients and(2.) believe they are telling their clients the truth.But mass media – in all its forms – is a commodity. We call it “mass media” because it reaches the male and female, young and old, rich and poor, white-collar and blue-collar masses.“Who is your primary target?”“Females 25 to 34 years old.”“Excellent! Barbie 98 is the Number One radio station for females 25 to 34! That’s exactly who we reach! If you don’t buy our station, you’re going to be missing the Barbies. We fit your needs like a hand in glove.”“The Wizard of Ads told me to buy Wacko 103.”“Well, I like the Wizard of Ads and I read all his books, but this time he’s wrong. Wacko 103 ranks number 7 with females 25-34 and they cost 20 percent more per ad than Barbie! That just doesn’t make any sense at all. Oh my god! Look at this data. Just 7 percent of Wacko’s audience are 25 to 34 year-old females while 17 percent of Barbie’s audience is exactly your target. Wacko 103 is just a tragically, horribly inefficient buy for you. The Wizard really missed it this time.”Before we look deeper into this Barbie/Wacko fiasco, let me ask you a different question: Do the people outside your target have value? Is there anyone whose opinion you DON’T care about? Is there anyone you would rather NOT recommend you to their friends?Decisions are rarely made in a vacuum. Each of us is guided by co-workers and family members, neighbors and friends.If you are normal and healthy, you maintain about 250 people in your “realm of association.” Some of these are permanent members of that realm while others will pass through your life and be replaced. But the number hovers at about 250. And guess what? Beyond their connection to you, these 250 people have little, if anything, in common. They are your personal world: the male and female, young and old, rich and poor, white-collar and blue-collar “masses” that give your life purpose and meaning.You are someone’s target customer. If I fail to reach you with my ads but my company is beloved by half the people in your realm of association, what’s the likelihood that you’ll hear about me?Google and Facebook, radio and television, magazines and mailers, billboards and flyers are called mass media...
Released:
Jan 23, 2012
Format:
Podcast episode

Titles in the series (100)

Thousands of people are starting their workweeks with smiles of invigoration as they log on to their computers to find their Monday Morning Memo just waiting to be devoured. Straight from the middle-of-the-night keystrokes of Roy H. Williams, the MMMemo is an insightful and provocative series of well-crafted thoughts about the life of business and the business of life.