My Marketing Thoughts
On the Sophistication of Your Market
I’ve discussed the stages of awareness that your customers could be in. Next is the sophistication of your market, which essentially means how much marketing your customers have been exposed to. This isn’t a metric. It’s more so a guide so you can evaluate where your marketing is. This is another invaluable lesson from Breakthrough Advertising.
Unfortunately, like the stages of consumer awareness, there are also stages in the sophistication of your consumer.
If you’re first to market
If you’re second to market
If your market has been exposed to marketing from many of your competitors
If a competitor has clearly improved their product
And how to revive a dead product
If you’re first to market
“Be simple. Be direct. And above all, don’t be fancy. Name either the need of the claim in your headline, nothing more.”
If you’re second to market
Stick with the same needs and claims, but more creative. Dramatize, enlargen, humorize, shock, etc.
If your market has been exposed to marketing from many of your competitors
Find a new mechanism or feature to attach to your product, or that helps the consumer further solve their needs.
If a competitor has clearly improved their product
Be creative with the features or mechanisms related to your product. Similar to stage 2.
And how to revive a dead product
Like it was said in the last stage of consumer awareness:
“So you cannot mention price, product, function, or desire. What do you have left? Your market.“
This means to relate to the consumer, not through the need or the promise. Just try to understand what page they are on.
If this explanation on the sophistication of your market makes you want to further analyze the strengths and weaknesses of your current marketing strategy, contact me below.
“Knowledge, even when it is exact, does not often lead to appropriate actions because we tend to forget what we know, or forget how to process it properly if we do not pay attention, even when we are experts.”
— Nassim Taleb in Black Swan