Learn how to avoid bad marketing and sales by understanding that your product is only a part of your business. Discover the importance of a formal positioning process and crafting a great marketing and sales strategy. Understand the core of sales and marketing, which is knowing your differentiated value. Find out how to build a compelling story for your positioning and sales team.
Great products alone are not enough for success; effective marketing and sales play a vital role in attracting customers and helping them understand product value.
Approaching marketing and sales with honesty, helpfulness, and confidence, while understanding and articulating the unique value proposition of a product through a formal positioning process, can foster positive perceptions and help customers make informed decisions.
Deep dives
The importance of truthful marketing and sales
The podcast highlights the negative perception of marketers and salespeople due to dishonesty and self-centeredness. Lying to customers and prioritizing closing deals without considering their needs reflects bad marketing and sales practices. To avoid this, companies should focus on providing truthful information about their products and genuinely caring about customer satisfaction.
Recognizing the value of marketing and sales
The podcast emphasizes that great products alone are not enough for success. While product quality is important, effective marketing and sales play a vital role in attracting customers and helping them understand the value of a product. Ignoring marketing and sales efforts can lead to the failure of even the most innovative products.
Creating honest and helpful marketing and sales
The podcast suggests that companies should approach marketing and sales with a focus on honesty, helpfulness, and confidence. This involves understanding and articulating the unique value proposition of a product through a formal positioning process. Offering customers a structured sales story that acknowledges alternatives, provides guidance, and focuses on differentiated value helps customers make informed decisions and fosters positive perceptions of marketing and sales efforts.
Today I dive deep into how to avoid bad marketing and sales and why sometimes this includes actively sharing who your product isn’t for. I go into greater detail about the following:
Understanding that your product is only a part of your business
How to craft great marketing and sales
Why a formal positioning process impacts your sales and marketing strategy
The core of sales and marketing is understanding your differentiated value
How to build the story for your positioning
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If you want to skip ahead:
(00:00) Today’s topic: how to avoid terrible marketing and sales
(01:55) Why thinking the product is the only thing is dangerous
(03:35) Ask yourself this question
(07:24) How to craft great marketing and sales
(10:37) Understand your differentiated value
(11:05) How to craft the story for your sales team