Skip to main content

The Mob Mentality and Marketing

One of the major failures in marketing or any other enterprise is the lack of a differentiating factor. And the problem is that differentiators are not really easy to get. Even if you have them, you may not be able to identify them soon enough.

Here's why...

Whenever most people undertake an enterprise, they do so looking at the success probability. And gauging that requires you to look at all that's been happening around your market... or does it?

Is it the lack of knowledge that helps innovation, or is it a great observation of the competition around that does you good?

While that has no easy answer, what's to be done could be rather simple, too simple to comprehend in fact.

Here are a few things common to successful ventures...

  • Some of them came up with an idea completely out of the blue
  • Some others had a keen enough interest on the markets to one day realize where exactly they could fit
  • Some, already established businesses in the middle of a spiraling fall, made comebacks by offering something when the time was right
  • And there are those who offered something that was never perceived practical, but proved to be in a big way

You could fit anywhere, but it's hard to tell when. Because, if that were possible, predictability wouldn't be the same ever again!

This blog post is not a guide on how you can make it. The bigger message is that you cannot afford to think like others. And that's the most difficult thing to do when you study the markets too closely.

Context matters!








Comments

Popular posts from this blog

Celebrating Innovation - It's time for it to work out!

What Is Thought Leadership The Role of a CEO as a Thought Leader Thought leadership comes with the responsibility of processing a particular thought to making it achieve the goals that can improve the health of an enterprise. A though leader happens because the audiences, the industry and the markets recognize you as that. A proper planning and execution is required to get to the goal point estimated. How as a CEO would you want to see your company respond to new business contracts, share purchases, product purchases, technology based software purchases and legal procedures? Only you as a c-suite executive can decide on how you would guide and take guidance for some important decision-making. Thought leadership affects a company's image Be it a small company or a large enterprise, thought leadership can be elevated. This elevation can take place in a company catering to a small audience for mere promotions and then in its larger version using various contemporary plat...

Hospitality Marketers and their Data

Coming to realize the concerns of a B2C marketer, data companies like us realize the complexity of tracking targets. Favorite cuisines, ambiance preferences, locations, and work and travel behavior... wooh! that's a lot of information when it is not a business concern, and individuals only. However, we are talking about something a little more penetrative, realizing that it could be controversial at the same time. Do you remember restaurants requesting your information at the end of a meal, and you just end up leaving your office name or address at the bottom of the review. That leaves the scope for a hospitality or restaurant marketer to find out information about your colleagues - at least the ones who share a similar taste in food. We embarked upon some brainstorming last week to figure out if the complexity could be lowered at some level in the process of data-driven marketing in the B2C sphere. While collecting information from prospects and customers, restaurant and ho...