Which of these are you likely to use? When withdrawing money
using Visa, the ATM with a
sanitiser next to it or the one without? The mask with a creative design on it, or one without it? The hand washing machine that is foot- or hand- operated?
sanitiser next to it or the one without? The mask with a creative design on it, or one without it? The hand washing machine that is foot- or hand- operated?
Most likely in
this pandemic, you will choose the former every time. And that is the
thing about selling. When everything else is the same, what stands out
is what is different.
Unfortunately,
in today’s me-too world, all products are the same in the buyers’ eyes
and it is an exercise in splitting hairs trying to differentiate your
product based on its features. It is comparatively easier to think of
differentiation in times of a crisis as we are in now.
It
is easier to think of making designer face masks or masks with an emoji
of a tongue sticking out; with hygiene being incessantly shouted from
the rooftops it is easier to take a hint and make your ATM stand out
from the seven others next to it in the shopping mall by placing a hand
sanitiser next to it. Outside a crisis, product differentiation isn’t
based on features and is harder.
Marketing (branding
and advertising) is the avenue most institutions take but the ultimate
differentiation is in the moment of selling.
You may have been overwhelmed by the advert but so underwhelmed
by the purchase experience (the sale) that all the glitter instantly
stops being gold.
It is the seller’s responsibility to
make his product stand out from the competitor’s, and more importantly,
stand out in the buyer’s mind. And this is rarely achieved by insisting,
say, that “our computers are priced more because of being compliant
with the law we charge VAT; we also give a two-year manufacturer’s
warranty.”
It comes with comprehending what the buyer’s pain is and showing how you can relieve it. Everything else is background noise.
And making your product stand out means thinking away from what the product is to how to make it receptive to the buyer.
Depending
on your product or service and your typical buyer it can take many
shapes; however, the underlying concept remains-the buyer’s need comes
first. And the need is not only what the buyer says but also what you
observe.
For instance, the realtor who, says, “Take 25 steps this way and 12 that way. That is the size of the lounge.”
As
compared to a complicated “the carpet area of the lounge is 98 square
metres”. Or, instead of giving the horsepower of his pump, the seller
who simply says, “it can pump water nine floors up so your four is
child’s play.”
Or, the self-cleaning fuel seller that
tells the executive, “I will cut your production costs by 16 per cent.
Here’s how.” Or, the hawker, instead of insisting, “kalamu ishirini”
(sic) (Pens at Sh20 only), tells the buyer thus: “ This pen complements
your dress.” How do you differentiate your product?
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