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Michael Jackson, Classic Marketing Blunders And Your Wallet!

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Burn The Fat Feed The Muscle.
Diet & Weight Loss Secrets of Bodybuilders and Fitness Models: #1 Best Selling Diet & Fitness E-Book In Internet History!

Author: Dean Phillips

Article source: http://www.livingnow.info/. Used with author's permission.

You couldn't help but be captivated by the unbelievably cute kid with the amazingly controlled falsetto voice and electric dance moves. He was only 10 years old, when he exploded onto the music scene, along with his brothers as the lead singer of the Jackson 5, but he had the stage presence of a twenty year veteran. Before or since, I haven't seen a child that talented, that gifted, that dynamic, that charismatic!

I'm talking about Michael Jackson, of course. The whole world fell in love with Michael Jackson! In the early seventies, Michael along with his brothers, the Jackson 5, were the hottest musical act on the planet!

As an adult, he still had the magic that so captivated us when he was a child. And once again, he became the hottest musical act on the planet!

In fact, if Michael hadn't broken "a cardinal rule,", there's little question, he'd be considered the greatest entertainer of all time.

So what "cardinal rule" did Michael Jackson break? He tried to reinvent the wheel. He took that handsome and familiar face that was loved by millions of people all around the world--and he destroyed it, along with his incredible career at the same time.

Businesses do the same thing every single day. They destroy what's familiar and successful. Instead of taking the path of least resistance, they try to reinvent the wheel--usually with disasterous results!

Here's a classic example of what I'm talking about:

For over a century now, Coca-Cola has been the number one soft drink company in the world. They have vast financial resources and some of the greatest marketing minds available at their disposal. Despite all of that, Coca-Cola failed miserably when it introduced New Coke to the public back in 1985. Why? What happened?

Well, there have been many theories floated over the years, as to why New Coke fizzled out. Like everyone else, I have my own theory. A very simple theory...

People didn't like New Coke.

It's as simple as that.

Despite all the research that was done, and despite the thousands of taste tests conducted; the buying public just didn't like the taste of New Coke. And absolutely nothing Coca-Cola said or did could change that one simple fact.

Unfortunately, that turned out to be a very costly lesson for Coca-Cola. They lost millions of customers to their bitter rival and number two soft drink giant, Pepsi.

They also took a bath financially.

Yes, Coca-Cola is still the number one soft drink. But the gap has been narrowed significantly.

Here's another example:

Burger King wanted desperately to be "French Fries King." For years, the No. 2 hamburger chain beat out McDonald's in taste tests of hamburgers, but the Golden Arches kept a lock on having the number one french fries. So, Burger King spent several years formulating a new french fry, a potato stick coated--unlike its predecessor--with a layer of starch designed to help retain heat and add crunch. Armed with a $70 million marketing war chest, the company rolled out its biggest product launch ever in 1998.

So, what happened? Burger King's new french fries turned out to be a whopper of a flop! "Sales of fries are significantly down," stated a 1999 internal memo. "Double digit percent of consumers avoid Burger King because of our french fries."

Ouch! Fortunately, Coca-Cola and Burger King were able to survive near catastrophic miscalculations, because they had billions of dollars behind them.

But other companies that badly miscalculate that don't have those kind of financial resources, generally end up going out of business.

That's basically why so many dot-com companies are dropping like flies--and will continue to do so.

Don't try to reinvent the wheel. Instead, take the path of least resistance. Focus on what people are actually buying, and promote the daylights out of it, applying sound, proven advertising and marketing techniques.

In closing, you'll incur fewer risks and your wallet will be a lot fatter, if you just sell what people are buying!

About The Author

Dean Phillips is an Internet marketing expert, writer, publisher and entrepreneur. Questions? Comments? Dean can be reached at mailto: dean@lets-make-money.net

Visit his website at: http://www.lets-make-money.net

 

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Ebooks as a Marketing Tool

An eBook is an excellent Marketing tool ... customers can read it later, offline, at their convenience. If your ebook is full of high quality information, your customers will love it and recommend it to friends - potential customers -

 

Use ebooks to show your visitors how your product or service can add value to their life and/or their businesses

 

Focus on dinamic, high quality content that provides a lot of benefits for your visitors

 

Make your website a destination

 

 

You must set up your web site, and your ebooks, to provide people with good useful information. Internet users are always looking for valuable information.

What is Marketing?

Marketing is the ability to show the value of your product or service. If you have a high quality product, but people see it as a low quality product ... then your marketing plan is not working.

 

The main functions of your marketing plan are to:

 

►develop products or services that satisfy your customers - present and potentials -

 

►understand your present and potential customers - your market -

 

►create advertising that tells your customers about the benefits of your service or product

 

A website can be an excellent tool to market your product if you ...

 

Create a website that has value, is clean, fast loading, and easy to navigate.

 

 

 
 




MicroSolutions Consulting
In Business since 1998

Online Since 2002
 
 
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Customer Service

15,000 MB
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For Beginners
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Expert said... "If you are new to the Internet, read this before you buy anything else"!


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Learn How to Build  A Website that Sells!