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Casual Articles - How to Use Marketing Judo to Beat Big Competitors
Motivation and Commitment h of its inventory of computer products or golf equipment. . Chances are, you'll find only a few dozen computer products, and even fewer golf-related items.Why do people start small businesses? The most frequently cited motivation for business start-ups is to allow the entrepreneur to achieve independence; money is secondary. Is this surprising? The other reasons named most often are that an opportunity presented itself, a person took over the family business, or the person simply wanted to be an entrepreneur. Identify your motivation.For context, what reasons might people offer for joining a large corporation? For choosing a government career? A union job? Certainly, many people desire security, fringe benefits, and a predictable career “trajectory.”Wh So the smart marketer uses marketing judo to turn Wal-mart's breadth of inventory into a weakness by picking a niche and then beating Wal-mart with depth of inventory. For example, a computer store could promote itself as having more software titles or a wider variety of peripherals than any super store in the area. Now, let's consider the second point. Wal-mart has large stores almost everywhere. How does marketing judo turn thi Boundless Enthusiasm Does Not Pay The Bills If yours is a small business and you have big or even huge competitors, you may be laying awake at night wondering how can you possibly beat them. You can't out-advertise them, or out-promote them, and you probably won't be able beat to its prices. For example, think about a small business whose biggest competitor is Wal-Mart, Best Buy, Amazon.com or some other huge retailer. Is there any way to compete successfully against these Goliaths?The biggest mistake I see new home business owners make is jumping in with boundless enthusiasm and absolutely no life jacket. It is great to be excited about a new business or business opportunity, even to share it with everyone you meet. But it is absolutely crazy to quit your day job because you've found the network marketing dream that is going to net you millions.The truth is that in network marketing, many people never even make back their initial investment. Why? Because it is hard to sell your dream to someone else and most of us can't really relate to the dreams of others. While we all share simila My answer is to use marketing judo. As you may know judo was developed many hundreds of years ago as a means of self-defense. But did you know that much of judo is based on the concept of using the opponent's strengths against him? One example of this is when the attacker pushes against an opponent. The opponent simply steps aside and (usually with the aid of a foot), uses the opponent's own momentum to throw him forward. The lesson for the smart marketer is to first analyze the competitions’ strengths and then develop strategies that will turn these strengths into points of attack. But first, let's talk about strategies. Many small businesses think that strategic planning consists of developing an overall strategy (or set of strategies) and sticking to these strategies for the entire length of the marketing plan – be it six months, a year or even longer. In truth, your strategies should be designed to meet existing conditions and then changed whenever conditions change or you discover new competitive weaknesses. How does all this work in practice? Let's get back to the Wal-mart example. You will never beat Wal-mart in head-on competition. Let's look at some of Wal-mart's strengths: · It offers a huge variety of merchandise – everything from women's apparel to household electrics, and flat panel TVs to fine jewelry. · It has large stores (in some cases, super stores) almost everywhere. · It has a very sophisticated system for purchasing products and controlling inventory. So how can we use marketing judo to turn these strengths against the giant retailer? First, because Wal-mart offers a huge variety of merchandise, its inventory may be wide but it generally isn't very deep. Back in Nebraska we used to describe the Platte River as a mile wide and an inch deep. You could almost describe Wal-marts inventory the same way. Go into a Wal-mart store and check, for example, the depth of its inventory of computer products or golf equipment. . Chances are, you'll find only a few dozen computer products, and even fewer golf-related items. So the smart marketer uses marketing judo to turn Wal-mart's breadth of inventory into a weakness by picking a niche and then beating Wal-mart with depth of inventory. For example, a computer store could promote itself as having more software titles or a wider variety of peripherals than any super store in the area. Now, let's consider the second point. Wal-mart has large stores almost everywhere. How does marketing judo turn this Graphic Design & Branding - 3 Marketing Tips From a Pro much of judo is based on the concept of using the opponent's strengths against him? One example of this is when the attacker pushes against an opponent. The opponent simply steps aside and (usually with the aid of a foot), uses the opponent's own momentum to throw him forward.Branding is the creation of a name, name layout and symbols or designs working together to represent a company. Good branding creates a lasting first impression that is unique and easily identifies your company. Ideally, branding should catch the consumer’s eye, make a good impression and provide potential consumers information about the services offered. A couple of well known corporations that effectively use branding are McDonalds--think golden arches and Macintosh--an apple with a missing bite. Even if your company is small or just forming, you still want to begin name recognition by incorporating branding The lesson for the smart marketer is to first analyze the competitions’ strengths and then develop strategies that will turn these strengths into points of attack. But first, let's talk about strategies. Many small businesses think that strategic planning consists of developing an overall strategy (or set of strategies) and sticking to these strategies for the entire length of the marketing plan – be it six months, a year or even longer. In truth, your strategies should be designed to meet existing conditions and then changed whenever conditions change or you discover new competitive weaknesses. How does all this work in practice? Let's get back to the Wal-mart example. You will never beat Wal-mart in head-on competition. Let's look at some of Wal-mart's strengths: · It offers a huge variety of merchandise – everything from women's apparel to household electrics, and flat panel TVs to fine jewelry. · It has large stores (in some cases, super stores) almost everywhere. · It has a very sophisticated system for purchasing products and controlling inventory. So how can we use marketing judo to turn these strengths against the giant retailer? First, because Wal-mart offers a huge variety of merchandise, its inventory may be wide but it generally isn't very deep. Back in Nebraska we used to describe the Platte River as a mile wide and an inch deep. You could almost describe Wal-marts inventory the same way. Go into a Wal-mart store and check, for example, the depth of its inventory of computer products or golf equipment. . Chances are, you'll find only a few dozen computer products, and even fewer golf-related items. So the smart marketer uses marketing judo to turn Wal-mart's breadth of inventory into a weakness by picking a niche and then beating Wal-mart with depth of inventory. For example, a computer store could promote itself as having more software titles or a wider variety of peripherals than any super store in the area. Now, let's consider the second point. Wal-mart has large stores almost everywhere. How does marketing judo turn thi Start Online Business Today - Make Real Money! trategies) and sticking to these strategies for the entire length of the marketing plan – be it six months, a year or even longer. In truth, your strategies should be designed to meet existing conditions and then changed whenever conditions change or you discover new competitive weaknesses.I know that everyone has heard about online business and that people make money online but you don’t know how they do it. Many people get interested in online business but soon quit trying due to all the “get millions in 24 hours” scams. I’ve fallen to these types of traps myself and paid money for their programs. In return?...NOTHING! Just hang on there for a minute longer. Because what I’m about to introduce you to will bring a whole new level of online business.I have studied, tried, attempted all sorts of programs but unfortunately found a few that really work. So what I did was create a whole website t How does all this work in practice? Let's get back to the Wal-mart example. You will never beat Wal-mart in head-on competition. Let's look at some of Wal-mart's strengths: · It offers a huge variety of merchandise – everything from women's apparel to household electrics, and flat panel TVs to fine jewelry. · It has large stores (in some cases, super stores) almost everywhere. · It has a very sophisticated system for purchasing products and controlling inventory. So how can we use marketing judo to turn these strengths against the giant retailer? First, because Wal-mart offers a huge variety of merchandise, its inventory may be wide but it generally isn't very deep. Back in Nebraska we used to describe the Platte River as a mile wide and an inch deep. You could almost describe Wal-marts inventory the same way. Go into a Wal-mart store and check, for example, the depth of its inventory of computer products or golf equipment. . Chances are, you'll find only a few dozen computer products, and even fewer golf-related items. So the smart marketer uses marketing judo to turn Wal-mart's breadth of inventory into a weakness by picking a niche and then beating Wal-mart with depth of inventory. For example, a computer store could promote itself as having more software titles or a wider variety of peripherals than any super store in the area. Now, let's consider the second point. Wal-mart has large stores almost everywhere. How does marketing judo turn thi Leaders Set Goals To Define Priorities jewelry.Setting goals as the way to define priorities, whether in business or in personal life, is what leaders do to maintain direction and focus in their organizations and in their personal lives. Unfortunately, many managers take a tremendous amount of potential leverage out of their organizations by not prioritizing.I had a boss whose standard answer to "What's the most important thing?" was "Everything's the most important thing." What a copout. We were in a crisis mode and there was a lot to get done, but what that "Everything is important" direction led to was a lot of counterproductive behavior - hunker dow · It has large stores (in some cases, super stores) almost everywhere. · It has a very sophisticated system for purchasing products and controlling inventory. So how can we use marketing judo to turn these strengths against the giant retailer? First, because Wal-mart offers a huge variety of merchandise, its inventory may be wide but it generally isn't very deep. Back in Nebraska we used to describe the Platte River as a mile wide and an inch deep. You could almost describe Wal-marts inventory the same way. Go into a Wal-mart store and check, for example, the depth of its inventory of computer products or golf equipment. . Chances are, you'll find only a few dozen computer products, and even fewer golf-related items. So the smart marketer uses marketing judo to turn Wal-mart's breadth of inventory into a weakness by picking a niche and then beating Wal-mart with depth of inventory. For example, a computer store could promote itself as having more software titles or a wider variety of peripherals than any super store in the area. Now, let's consider the second point. Wal-mart has large stores almost everywhere. How does marketing judo turn thi Managing Small Projects h of its inventory of computer products or golf equipment. . Chances are, you'll find only a few dozen computer products, and even fewer golf-related items.As both an active project manager and project management trainer, I often get asked whether the project management best practices that are applicable for large projects can be applied on smaller projects. This is a really important question and one which all project managers must face up to when managing small projects.Focusing on project delivery One of the arguments against using project management methodologies is that they are very process-centric resulting in vast quantities of project documentation which are simply not practical or desirable on small projects. This is a powerful So the smart marketer uses marketing judo to turn Wal-mart's breadth of inventory into a weakness by picking a niche and then beating Wal-mart with depth of inventory. For example, a computer store could promote itself as having more software titles or a wider variety of peripherals than any super store in the area. Now, let's consider the second point. Wal-mart has large stores almost everywhere. How does marketing judo turn this into a weak point? Wal-mart's sheer size translates into some real advantages, especially in the area of volume buying – which is why it can sell so cheap. But Wal-mart's huge size makes it difficult for the company to implement change quickly. I once read that when the captain of a nuclear aircraft carrier issues the command to turn 60 degrees starboard, it takes about five miles before the ship actually begins to turn. I suspect the same thing is true of Wal-mart. In comparison, a small business should be able to just about turn on a dime or in just a few weeks. Let's take technology as an example. Right now, one of the hottest merchandise categories in America is accessories for Apple's iPod. If you have a small electronics business – either online or brick-and-mortar – you should be able to track down the distributors of these products and have them in you store in a few weeks or less. On the other hand, Wal-mart, with its size and labyrinth of buyers and buying regulations, it might take months to get the same products on its shelves. Finally, Wal-mart might have hundreds of more employees, but its employees are usually not well trained in specific product features and benefits. Again, take golf as an example. Walk into a Wal-mart store, go to sporting goods and say to the nearest employee, “Hi, I'm a 18 handicap golfer with a tendency to slice my drives. What would you suggest?” Well, my guess is that what you'll get in return is a blank stare. This represents another opportunity for marketing judo. Keep your number of employees small but make sure they are super-trained to understand your customers and your products' features and benefits. As Sun Tzu points out in his classic treatise The Art of War, "You may advance and be absolutely irresistible, if you make for the enemy's weak points; you may retire and be safe from pursuit if your movements are more rapid than those of your enemy."
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