Know what you’re selling

It was Friday night and I was having a drinks with colleagues who were discussing the relative taste profiles of various beers. I went on challenge the crowd that they wouldn’t know which beers was which in a blind taste test. None of them believed me.

Turns out it’s true. I once worked in a marketing role at Fosters, and 90% of beer drinkers cannot pick any brand within the same type (eg lager, pillsner, bitter ale). Beer is not bought on taste, it’s bought by brand. Sure, there are other factors which come into the decision like availability and price. But both trail and subsequent loyalty is never about taste.

So we have to know what we are selling. Not in the primary sense (the physical product) but in the secondary sense, the real motivation which makes us choose brand A over brand B. And in most categories it’s not what it seems

Beer = fashion

Electricity = company interactions

Coffee = socialisation

Cameras = memory library

For entrepreneurs the message is simple, we must know what we are selling. It’s most often how we market the secondary benefit which will drive our brand over the competitor.

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Don’t be boring

It’s not a boring category, industry, startup or company. You’re a boring brand run by boring people.

Exciting is a state of mind, if we have the courage to create, upset or even offend, then we can change our brand or industry forever. In fact, it might even be worth going broke or getting fired for.

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The internet lives in Dog years

The internet is a bit like dogs. Life moves a bit more quickly. Which is why I still laugh whenever I hear that the latest hit website is going to be the dominate force forever in that that category. As Facebook is currently being touted to be, then I love to remind the pundit just a little bit about the history of the internet.

Yahoo was search. it was game set and match, then came Google.

Myspace was social networking – it had won, apparently…

Blackbery had stitched up the hand held internet enabled smart phone market…

Geocites was the way we’d all have our own websites… then came blogging

All of which remind us how things can change ever so quickly on the intenert. This wont change, because the barriers to entry are so low. $5 an hour in India for a coder, $9.99 for a domain, $Free internet access and a wifi enabled laptop for a few hundred dollars and you’re an internet entrepreneur. Unlike TV and tradtional media outlets, anyone can play. Creativity wins, not financial resources.

The insight is that the forums people hang out in will always change, like disco’s and pubs (the web is social) – it’s also kinda Punk. Our job isn’t to predict which is the next big thing, but to learn how to use them quickly so that we can participate in a timely manner.

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Great bootstrapping

This Nutrigrain commercial isn’t really about cereal. It’s a message for Entrepreneurs. Take a look.

[youtube=http://www.youtube.com/watch?v=–8dc0_9Se4]

Notice how he didn’t let his environment (non coastal) hold him back?

Notice the tools he built to train himself and replicate his desired future?

Notice, the time invested in his dream, the years of dedication?

He wasn’t concerned about the resources he didn’t have, rather those he could use to bootstrap his training. It’s an attitude that all entrepreneurs should have.

Best we take a second look.

Web everywhere

Recently I was chatting with a Director at a global advertising agency about changes in the media landscape. The impact that the internet was having. She mentioned that the internet only affected a certain portion of the population – not all target audiences. The younger generation, the web savvy, the technophiles…

I retorted with the following:

Once upon the web was a thing you had to visit. First it was in military installations, then Universities. Eventually it was present in only very large corporates on selected computers. Later, on every desk in every company. Afterwhich  every computer in every home had it. And now it’s on our latops, in our cafes, in our pockets, it’s the GPS that directs our cars and powers the touch screen shopping mall directory. Next year all TV’s sold will be web enabled – 5 billion channels. It’s on every digital display in our lives.

It came to us, it removed the original demographic bias. The web is everywhere and permeates our entire existence. It has changed advertising forever.

The web is no longer and thing or a place. It is omnipresent.

Launch choices

Seems there are two choices in launching a startup or brand:

1. Buy an audience. [quick but expensive]

2. Earn a following. [slow and cheap]

The problem with the first option is that we don’t get many chances to refine our stuff, and getting it wrong can end it all. The benefit with the second option is that it allows and encourages experimentation. And if we experiment enough, we might just be able dome some of the first option too.

Convention busting – retail

Long held wisdom in the retail industry is that items must be displayed on shelves by category. Idea being that we know what thing we are looking when we shop. But what if we’re just browsing? What if we don’t want anything in particular? Bring on Smiggle – stationary retailer who display their range by color.

Eyeball worthy…. I better go check out what they have in purple.

They aren’t the only ones moving towards it, as  on line retailer etsy also display their range on line by color, with an amazing interface – check it out. It just works.

What other conventions need to be busted in your startup category?