1: Over dependence on What Worked Before
Just as the popular saying goes and I quote "change is the only thing constant in life" "If it isn't broken, don't fix it" isn't a strategy. That's not to say that you can't build on previous successes, but if you simply expect past successes to continue, you may fail to identify new opportunities or address new issues that are now potentially threatening. I went for a marketing proposal to chois beauty style in Owerri, The moment we brought up the issue of digital marketing, the Manager said he doesn't know what digital marketing is all about, but after giving him the run-down of what digital marketing is all about, he adopted the idea and in 3 months' time, the company increased sales by 30%.
Now if we had only depended only on the analogue means of marketing which is becoming less important because people no more buy these newspaper, magazines the way they use to buy it before, he wouldn't have made that extra 30% increase in sales.
Many companies try to ignore competitor innovations and focus, incorrectly, on incremental improvements to their existing product lines. Forbes draws lessons from Blackberry's decline from being the dominant smartphone manufacturer after they sold Blackberry Messenger (BBM) to android producers. Similarly, Sony fell from grace due to their lack of innovation, and plainly, ideas. The inventor of the portable music player terminated production of the iconic Walkman recently, on the anniversary of the day the iPhone was announced.
These companies saw themselves as makers of things; their job was to keep improving those things. But modern marketers think of themselves as customer satisfaction companies, and focus on what customers want and what customers are saying about your product.
2: If You Build It, They Will Come
Only in the movies. As Susan Carter, business operations expert and editor of Success Stories points out, "there is a misconception among small business owners that, with the right product or service, your customers will simply 'find' you when you open for business."
Most small business owners are focusing so much on making their product or providing their service and they fail to inform potential customers that they the product or service exists, and how it benefits them.
3: Your Customers Will Want What You Want
I want to ask you, have you ever used your money to buy what you don't like just because the product owner or service provider tells you to buy it? Of course no, you think your product or service is the coolest thing since the invention of sliced bread. Be careful in assuming that what appeals to you necessarily appeals to your customer base.
Consider the Arch Deluxe burger from McDonald's. McDonald's saw a growing trend among consumers for better quality fast food, and the idea was to create a burger with appeal to more sophisticated diners. The problem is that more sophisticated diners don't go to McDonald's.
You need to be in touch with the needs and wants of your customers. Product innovation should flow from the ground up. That means, the source of ideas should come from customer analysis and customer input, then be worked out at headquarters—not cooked up at HQ and then sprung on customers.
Post was gottehn from http://gtpedia.com/marketing-mistakes/
Source : articlesbase.com
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