Discover the game-changing difference between products and offers, and how the right positioning can elevate even simple items like ketchup. Uncover the MOR framework: Make, Optimize, and Review, crucial for crafting successful offers. Learn the art of communicating product value, where genuine belief can transform sales narratives. Explore innovative marketing trends, including the shift to 'just in time learning,' and understand why optimizing your offers should be a top priority for business success.
The critical distinction between products and offers underlines that effective presentation can transform even simple items into compelling propositions.
The MOR framework emphasizes making, optimizing, and reviewing offers as essential components for achieving sustained business profitability.
Deep dives
The Importance of Making Offers
To drive revenue in a business, making offers is essential. Without effectively presenting offers to customers, businesses cannot expect to generate income. This discussion highlights that even if other means, such as referrals, initially bring in clients, a proactive strategy of creating and presenting offers is crucial for sustained financial success. Making offers stands at the forefront of developing a successful business model and is central to achieving profitability.
Understanding the MOR Framework
The MOR acronym stands for Make, Optimize, and Review, which serves as a crucial framework for improving business offers. The first step, making the offer, involves determining its content, target audience, and addressing potential objections. Following this, optimizing the offer not only requires bringing it to market but also involves adjusting based on feedback and results from customers. Lastly, the review phase emphasizes analyzing interactions and outcomes, allowing businesses to refine their offers continually.
The Distinction Between Product and Offer
There is a clear distinction between a product and an offer, where the product refers to what is being sold, while the offer reflects how it is presented to potential buyers. Businesses often confuse the two, leading to ineffective marketing strategies. An effective offer is crafted by emphasizing benefits and addressing specific audience needs, transforming even ordinary products into compelling propositions. This highlights the necessity for multiple ways to pitch the same product in order to resonate with different market segments.
The Role of Belief in Selling
Belief in the product is a fundamental driver of successful selling, as a salesperson must see value to effectively communicate it. The analogy of a ketchup bottle illustrates that rather than focusing on shortcomings, one should appreciate the unique attributes that make a product appealing. This internal excitement translates into persuasive communication that can draw in customers. Ultimately, understanding the nuances of product presentation and having a genuine belief in its value fuels effective offer creation.
Welcome back to the ProfitSchool podcast Business Unfiltered with Mercer and Jeff Sauer today's topic is Selling MOR Offers.
The essential difference between products and offers: even the most basic product (like ketchup!) can be transformed into a compelling offer with the right positioning and belief in its value.
A game-changing insight emerges: Products rarely sell themselves - it's always about the offer. Even Apple's legendary success isn't just about their products; it's about how they present them (remember "1000 songs in your pocket" vs. competitors' "256 megabytes of storage"?).
The MOR framework breaks down into three essential components:
Make the offer (strategic level)
Optimize the execution (tactical level)
Review the results (management level)
A crucial revelation: You don't need a perfect product to make an offer. In fact, sometimes the offer should come first! The key is having unwavering belief in your product's value and being able to communicate that enthusiasm authentically to your audience.
The conversation culminates with an interesting observation: "optimize" appears in all three of their frameworks (MOR, Measurement Marketing, and BOT), highlighting how continuous improvement and optimization are central to business success.
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