Tuesday, December 8, 2009

Product offers

As I started this email, I was going to glibly say that companies with hard core products -- like RIM, COKE and NIKE -- have little trouble articulating their product offers.
But then I stopped.
That's a trap service companies, non-profits and government organizations easily fall into.
Defining your product is one of the most difficult tasks you have. Even when you have a distinct product, you are tempted to walk away from the benefit statements and lapse into your competitor's territory.
We just challenged Ashley, one of our team writers, to develop SEM campaigns for Barefoot. OK, she works for us. She has daily contact with clients. She sits through a project meeting overview weekly. She told me that it was difficult to define what Barefoot does.
So I need to take a quick look in the mirror.
What do we do?
Defining our product is a challenge we face every day. Successfully defining our product will lead us to greater success.
In 1947 Bob Pierce came face to face with the desperate need of orphan children. He thought, "If every American family would adopt one child their needs would be met -- for just pennies a day." Child sponsorship was born out of the need, spurred by an idea, developed into a product.
Our challenge is to understand our services, funding needs and to create a product that makes sense to the needs we are trying to fill and to our audience.
Last week one of my client's admin team spent the morning creating a personalized card because one donor wanted to send pigs overseas. The program of the organization did not include an agricultural or micorfinance program in that region. The staff team was simply meeting the needs of the specific donor. That's like a RIM sales member going to Telus and selling them a Palm. Yes, World Vision's sheep and goats and pigs are tremendously successful -- but that is the product they are selling. Simply copying the product does little for your own program. While the Palm Treo and BB Curve have overlapping purposes -- they are clearly different products. AND the marketing teams are always looking for differentiation to set their product apart.
While borrowing ideas is the strength of all communications and marketing -- borrowing without understanding your product or without clear differentiation empowers your competitors.
Every day I challenge myself to think about the product I am marketing.

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