Spicy Laws of marketing - 3

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Information about Spicy Laws of marketing - 3

Published on April 9, 2008

Author: Medinmark

Source: slideshare.net

Description

This presentation ads another flower into the bouquet of marketing presentation series - Spicy laws of marketing. This presentation elaborates the law of mind. It describes
the importance of the entry of a product or brand into the consumer mind, even before it enters the marketplace. It also states that existence of this law does not question the validity of the law of leadership. With help of case studies and famous examples, the significance of this law has been brought to the forefront.

Mind OR Marketplace

LAW OF MIND It is better to be first in mind, than in the marketplace !

Duryea brothers invented 1 st gas powered automobile and were the 1 st ones to enter the marketplace .

Herby brothers invented 1 st washing machine and were the 1 st ones to enter the marketplace .

Duna created the 1 st TV Commercial Ad and were the 1 st ones to enter the marketplace .

ALL THESE FIRSTS ARE GONE !

IN THE WORLD OF MARKETING ... IT IS BETTER TO BE FIRST, THAN TO BE BETTER. IS LAW OF LEADERSHIP WRONG ? LAW OF LEADERSHIP

NO

Getting into market is important to the extent, that it allows to get into the mind first !

REMINGTON Created Univac – 1 st ever mainframe computer into the market IBM won the marketing battle by getting into the mind 1 st .

U Can’t Change a MIND Once It Has Been Made Up .

U can’t change his mind, but you can build a different image here . Only when majority overwhelms him, his mind will change .

paper copier computer 25 years 2 billion $ After 25 years & 2 billion dollars expense also, Xerox - the 1 st plain paper copier could not enter the consumer mind as a computer .

One simple method to enter into a mind Is having A Short, Sweet Name !

commodore myths altair 8800 radioshack trs 80 Many competitors were positioned on the launching pad but, only APPLE entered into the mind . ( short, sweet name !!!) APPLE 2

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