Owning a word in your prospect’s mind is the most powerful concept in marketing

The most powerful concept in marketing is owning a word in the prospect’s mind”, said Al Ries and Jack Trout, authors of The 22 Immutable Laws of Marketing.

Law #5 is The Law of Focus whereby the authors propose you own a word in your prospect’s mind, as exemplified here with these brands:
·         Mercedes - engineering
·         BMW - driving
·         Volvo - safety
·         Domino’s - home delivery
·         Pepsi-Cola - youth

While these brands may have evolved somewhat since this book was written in 1993, for the most part each company still owns these words in the minds of consumers, customers and subscribers.

In other words, The Law of Focus stands the test of time. So, how can you apply the value of focus in your organization?

The Value of Focus: As a value, Focus means concentration of attention or energy; maximum clarity.

Ries and Trout suggest marketers must burn their way into the mind by narrowing the focus to a single word or concept. But how do you do that? You can do that by concentrating all attention and energy around a single concept.

Please note that this one concept must meet two important criteria:
1. It must be relevant to your target customers;
2. It must not be owned by any of your competitors, direct or indirect.

In the automotive industry for example, Volvo has owned the word safety for many years. It is clearly important to consumers.  And Volvo was the first to own it.
So how does such a clear focus get started?

Consider the statement made by the founders of Volvo when they started the company in 1927: “Cars are driven by people. The guiding principle behind everything we make at Volvo, therefore, is and must remain, safety”, said Assar Gabrielsson and Gustav Larson.

Safety has been the single guiding principle of Volvo for over 80 years, providing maximum clarity to every employee, every shareholder, every supplier, and ultimately every customer.

That’s the power of focus.
Note that this is by no means easy. In fact, Ries and Trout call this “The ultimate marketing sacrifice.”
So how do you get all your stakeholders willing to sacrifice?

The Leadership of Focus
Strong leadership is required to help an organization apply the power of focus. When this occurs, and complete ownership of a single word in the mind of consumers is achieved, then another marketing law is triggered - Market Leadership. Leaders who apply the power of focus internally will ultimately achieve leadership externally in the market.

Consider for a moment, how a friend may offer you a drink, and ask “What kind of Coke do you want?” Or when someone asks you “Do you have a Kleenex?” Sometimes they even ask “Have you put Maggi in the stew?” And in today’s world, it’s not uncommon to hear “I’ll Google that to find out.”

These brands – indeed, the companies of Coca-Cola, Kimberly-Clark, Nestle and Google – are the leaders in their categories. And their leadership abilities are demonstrated by the fact they each own a word they created in our minds.

However, generally it’s easier to take ownership of a word that already exists in the dictionary – like safety. Creating new words that are embraced by consumers requires a complex set of leadership skills, time, and massive resources.

To sum up The Law of Focus, Ries & Trout said:
The essence of marketing is narrowing the focus. You become stronger when you reduce the scope of your operations. You can’t stand for something if you chase after everything.

So, what one word can you own in the mind of customers that will differentiate your brand?
And how can the value of focus make a difference in your business?

By Al Ries, marketing professional and author, acclaimed as ‎“The Father of Brand Positioning”.
Additional reports by ‘Dele Dele-Olukoju, Marketing Communication strategist and publisher of the online Marketing Communication Digest. He writes from Lagos, Nigeria. +234 807 481 2389.

Comments

Popular posts from this blog

The Six Pillars of Customer Service

Understanding the buyer's journey

What is Marketing Automation?