Summary
Jiwa, a global authority on storytelling in business and marketing, is the author of eight renowned books on the subject, with “Marketing: A Love Story” her most easy-to-digest book yet. That’s because it’s a compilation of short but powerful blog posts lifted from her website, thestoryoftelling.com. Each blog post underlines a critical point: the importance of mattering to our customers. Jiwa contends that while marketing has become a necessary evil for all companies, we can look at it in other ways: marketing as solving problems, marketing as a way of seeing the world through our customers’ eyes, marketing as a means of understanding what people need and want, marketing as a way of doing better work. The bottom line: forget analytics and quick wins, seek connection before you seek results!
Key Points
#1: Don’t tell customers what you do, even if you do it really well.
The biggest mistake marketers (and product developers) can make is focusing too much on the product or service they offer and not enough on the customer. This mind-set has to change. Appreciate what your customers’ wants and needs are, and do your best to present solutions. Customers are no longer interested in what you are offering them (even if it is the best); they are interested in how your product or service makes them feel. They need to know that you understand what matters most to them.
#2: And in line with that, your competitive advantage is what your customers believe – not your product/service.
Competitive advantage is an intangible thing; it’s not about the unique feature your product offers or your cheaper rates. It’s not what you tell customers. Jiwa puts it best: “Customers don’t often pay for the actual value the product delivers. If they did, $4 cups of coffee wouldn’t exist, and people wouldn’t buy Macs even though they cost more than PCs. People pay for the intangible value, for what they experience and what they care about.”
#3: Don’t confuse awareness with impact.
In a world where it’s harder to get attention, gaining mind share is a priority for every company. The misconception is that if you can get a few more people to know about your company, you’ll be set. But instead, better to approach it by thinking, why will one person care that you are there in the first place? As Jiwa states, “What’s more important than building awareness is what you plan to do with it once you’ve got it, because top of mind is not the same thing at all as close to heart.”
#4: Don’t fear the competition, be the competition.
Companies obsess too often about what the competition is doing. Instead, channel this obsession to your customers. Obsess over what your customers are doing and then determine how you could help them do it with more ease. According to Jiwa: “Becoming the competition doesn’t always mean using the same old rules to beat others at their own game. Focusing on the tiniest gap in your customers’ desires might be a better strategy.” The message: act as if you are a market of one.
#5: Sell your story.
It’s not difficult to come up with a great idea. But it is, however, difficult to articulate clearly why that great idea should matter to the right people. As a place to start, simply fill in the blanks: “We do _________ so that you can do/feel/be _________.”
Application
Whether creating products or services, or marketing products or services, always ask yourself one critical question:
Why should your customer care about this?
You need to give people a reason to stop and listen to your song.
MAp's Favourite Quote
“What if, instead of spending all that time and money on deciding how to tell customers who we are, we spent more time and money on being who they want us to be?”
Conclusion
We hope “Marketing: A Love Story” gives you a new perspective on what it means to be a marketer. Share with us your favourite wisdom nuggets from the book! And, lastly, support a local bookshop by buying it here: https://bookshop.org/.
ke time for prosecco