From the category archives:

Market Research

Humpty Dumpty Marketing Insights

by admin on 3:35 pm

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king’s horses and all the king’s men
Couldn’t put Humpty together again

Most recently attributed to Lewis Carrol (Through the Looking Glass), the Humpty Dumpty nursery rhyme actually contains several important insights of value to marketers.

First and foremost, Humpty Dumpty’s position high up on the wall might be interpreted as the distance so many of us try to keep from our markets.  I see this again and again in the students who become obsessed with my “abstraction tools and methods” (quantifying things in spreadsheets, building statistical models, and predicting consumer behavior… much of which is covered in Glenn Club)

Abstraction is a vital tool for marketers… and the absolute best marketers I know are all fans of spreadsheets and segmented response rates.

True enough.

But it’s all too easy to fall in love with abstraction, and in doing so, to lose touch with the market.

Of course, the lesson Humpty Dumpty taught us was that to do so is to set oneself up for a BIG fall… to suddenly find yourself overwhelmed by competitors, or with customers leaving you in droves when the market takes a dramatic shift without your awareness.

More importantly though,”all the king’s horses and all the king’s men couldn’t put Humpty together again”…

There are some falls from which you can’t recover, no matter how smart you are, no matter who you surround yourself with, and no matter how many resources are at your disposal.

I learned that lesson personally from a treasured mentor when I was a very young psychologist (thankfully before I started working with suicidal people!)

One of my first patients was a young, inner city woman with who came to the clinic where I was an intern in order to get help in leaving a life of prostitution.  She was depressed and anxious, but genuinely interested in making a change… against the interest of several people in her circles (I leave that part to your imagination).

So here’s what happened.  (Changing several details to protect her identity, but not the essence of the story)

I made a genuine connection with her in the first few sessions.   I helped her talk about her plans, got her connected with a social worker, helped her get involved with the relevant community resources, and finally to begin opening up to me about how she got into the life in the first place.

And then I broke the egg.

It was a simple, uncaring moment…

I had to excuse myself to use the lavoratory…

And before I went, I reached into my suit jacket (hanging on the chair), and grabbed my wallet to take with me.

She blurted out “I ain’t no thief!” (she was right), and wasn’t there when I returned.

When I went to talk to my supervisor about the incident, I was SURE he would tell me what to say, and how/when to say it to get her back.  I imagined he was experienced enough to know how to solve any situations.

But he simply told me “Glenn, you can’t unbreak an egg”

Ouch!

A painfull lesson which stayed with me always.

I wasn’t in Kansas anymore, and we were playing at the big boy’s table.  People’s lives were on the line.

Now, the same thing happens to most marketers at some point in their career.

For example, I can’t tell you how many times I’ve spoken with people who have a VERY successful product they’ve been selling almost entirely by Joint Venture, and they’re SURE they’ll be able to sell it to a cold audience via PPC.   Many have developed years worth of support materials, follow ups, etc., and are sure these will be of great help in porting the success to the paid traffic arena.

To no avail though… because that egg’s REALLY hard to unbreak.

One of the quintessential marketing lessons in the last decade (especially as the internet evolves and people expect increasingly more specialization) is “You can market to the audience you’ve researched and built your foundation on… period

Or maybe you chose a price point much too high for your market out of the gate, but you sold a few hundred units anyway.  Sorry… almost impossible to go backwards once you do that.  (You can always go up, it’s very hard to go down without really pissing off your customers)

Or maybe you spent a year building a product in the absence of research and a specific audience to sell it to, and now you’re knocking your head against the wall trying to make progress.

I rarely see those projects work.

There ARE indeed some eggs which all the king’s horses and all the king’s men can’t put back together again!

As a thought experiment, perhaps you can look back on your own marketing projects (or heaven forbid, one you’re working on right now), and ask yourself if you’re trying to unbreak an egg?  Much better to know sooner than later.

Food for thought,

Dr. G :-)

PS – Although the painful lesson never left me, I actually DID unbreak the egg with that patient.   She eventually came in for another session, at which point I immediately handed her my wallet and asked her to hold it while I went to the bathroom.  She smiled knowingly, sat down, and handed it back to me with every dollar intact.  Pivotal moment for her (and myself)


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Marketing Like an Evil Child

by admin on 7:10 pm

When was the last time you gave yourself permission to think like an evil child? You might find some surprisingly good marketing ideas if you do!

An evil child says:

  • “Gimme”
  • “Mine, mine, mine!”
  • “Gotta have it, gonna take it, get out of my way!”

When do your customers think like that?

For starters, when you present a UNIQUE SOLUTION to a DESPERATE PROBLEM, with OVERWHELMING PROOF you’re for real.

Go write that now on the mirror in the bathroom so you’ll have something useful to memorize the next time  you’re doing unspeakable things.

  • A DESPERATE PROBLEM:  means something they’ve gotta solve now unless they’re willing to live with worsening pain and consequence.   (Website sales are deteriorating,  poisonous Radon gas is threatening to kill their home sale, biological clock close to running out and no mate in site,  diabetes imminently threatening your vision, etc)
  • A UNIQUE SOLUTION: means something they haven’t heard before, and can’t get from anyone else but you (The hyper-responsive marketing method, a “Men Who Want to Get Married and Have Lots of Babies Now” matchmaking service,  a one-of-a-kind patented radon gas mitigation tube, a “Reverse Your Diabetes Naturally in 30 Days or Less” DVD)
  • OVERWHELMING PROOF: means you don’t make ANY claims you can’t back up 3 times over.  (17 profitable niche markets + $14M in consulting services sold; 42 new baby pictures from last month alone, a dozen before and after radon test sheets with sworn affidavits and state-certified results; Harvard conducted scientific studies proving 82% of diabetes patients were able to cease all medication without complication, etc)

A desperate problem, a unique solution, and overwhelming proof.

There ARE 12 other reasons your site might not be selling as well as it should be, but if you get the above 3 right, you’re at least half way home.

AND…

If you’re REALLY struggling, I’ll bet my pancreas you’re missing at least one of the magic 3.

Answer these questions honestly, right now:

  • What, specifically, is the desperate problem you’re addressing on your site? And HOW desperate are your prospects, really?  (Can you help them feel more desperate by repositioning yourself?)
  • WHY is your solution unique? Fill in the blank in detail “Only my product or service can solve their desperate problem because only my product or service has or does _______________”
  • Why the hell should they believe you? Where’s your PROOF?  Have you overwhelmed them with it?

Seriously…

If there’s ONE thing I learned in 2010, it’s this… don’t go into a business where you can’t answer address the above three questions passionately.

The reason this makes me want to repeatedly slap myself in the head with a spatula, by the way, is that I suddenly realized  even though I’ve launched many profitable businesses, most of them were the WRONG ones…

Terry Dean finally convinced me that I have  fought my way to profitability by the strength of my research DESPITE missing at least one of the above in most of my endeavors .   If I’d only known the above first, I’d be a lot wealthier than I am now!

Which leads me to my final point.

“Glenn’s Research Abilities + Terry Dean’s 14 Years of Internet Conversion Experience = Ability to Do Some Real Damage!”

Well, Terry and I have been spending Sundays together all fall recording videos, totally debriefing each other  on our respective systems, figuring out how it all fits together, step by step…

So we can teach YOU how to really do some damage online.

We’re still about 6 to 8 weeks away from launching the product, coaching systems, events, etc.

But if you want to be among the first to know when it’s ready (and be sure to get the introductory pricing, free pre-event webinars, etc), head on over to TotalConversionCode.com and leave us your email.

You’ll be glad you did.

Oh….

And we’d LOVE for you to leave your answers to the exercise above in the comments section if you don’t mind.

What’s the desperate problem you’re addressing in your market?

What’s your unique solution?

Can you prove it, beyond a shadow of a doubt?  Overwhelm us!

To your success!,

Dr. G :-)

Total Conversion Code | Hyper Responsive Marketing

PS – I’ve totally updated the “How to Choose Your Market” product with Terry’s help for 2011 too. It’s available right now for FREE in the Hyper Responsive Marketing club,… but not for long.  Right after Perry promotes the club one last time this year I’m going to pull it out as it’s own product, so if you’re interested, get into the club now. (If you’re already a member, just visit the bonus section and download or view)

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My #7 Money Making Secret – Segmentation

November 2, 2010

My #7 money making secret is SEGMENTATION.
Which is a big fancy word I learned in my corporate consulting days for “separate your market into reasonably large groups of reasonably unique desire and serve them separately.”
Most internet marketers don’t bother with segmentation at all.  They think their market is comprised of a bunch of white ping pong [...]

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Outsourcing Disasters and Duplicating Failure

July 8, 2010

I’d like to make a brief, but obvious point today, because there’s something I see over and over again across dozens of students and hundreds of customers…
“Outsourcing Disasters and Duplicating Failure”
The desire to duplicate oneself and offload work is only human nature. In fact, it’s one of the strongest elements I’ve observed in [...]

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Siberian Marketing Advice – Pay Per Click

July 6, 2010

I’ve got a good friend from Siberia. (I’m going somewhere with this, stay with me please)
Seriously… he was my full time programmer 10 years ago, then he came to visit, then I helped him immigrate to the USA.  Now he lives a few minutes away from me.
When he and his wife (then his fiance’) [...]

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Getting Paid to Talk to Yourself

June 16, 2010

Here’s something VERY strange which occurred to me today…
I’ve got the weirdest job in the world.
It’s true!
Because, you see, I get paid gobs of money to talk to myself.   I spend a LOT of time alone in my room, staring at the computer, recording Camtasia videos, MP3s, etc.   Of course, I’ve also got [...]

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Cheat Sheet Collection (PPC and Beyond)

February 23, 2010

Glenn, I don’t have time, could you make more cheat sheets?”
OK, OK … so here’s 21 of my absolute best quick and dirty money making cheat sheets (right click and download the ZIP file) including:
- How to corner your market
- How to master the conversion optimizer
- 7 uncommon reasons internet businesses fail
- My 10 most [...]

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I Am Ugly, Oh So Very, Very Ugly

February 23, 2010

It’s confession time, and I’m finally ready to admit it… I’m ugly.  Oh so very very ugly.
I’ve tried for 4 years now to make what I do seem sexy, but it’s not.
That’s why you don’t see any beauty contests for marketing researchers.  No bikini babes lined up with surveys and statistics.  No hunky t-shirts of 45 [...]

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“So Little Time, So Many Liars” (Recorded Consult with Glenn)

February 10, 2010

Know the biggest problem we face as internet marketers?
LIARS.
A Darwinian economy creates ruthless temptation to lie, exaggerate,  distort, and mislead.  And the PPC auction puts that on steroids.
Every time you look at the results of a split test you’re faced with a moral dilemma.   Because the majority of the time, strengthening your claim beyond [...]

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The Faster, Easier Way to Profits

September 4, 2009

There’s a VERY important insight which pervades and ties together everything I’ve done. It took me a long time to really “get it” myself.
I’ve had hundreds of students come to me with some variation of the following “You’re obviously the guy to work with for building a solid foundation for a long term, profitable, [...]

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