Friday, September 25, 2009

The Black Hole of Marketing is in the Middle

perceptual map of any category will include a few dominant players, some
specialty niche entries, and a lot of losers who are destined for oblivion. Some of the
latter will go silently in the night, but a lot will expire violently, with a big bang as
they get sucked into that black celestial hole.

Just as a star system expands too fast and collapses into itself with such
gravitational attraction that not even light can escape, a swirling, whirling vortex of
a seemingly liquid business can suddenly spiral down the drain.

The poet Yeats said, “Things fall apart; the center cannot hold.” The center is
untenable. The biggest brands usually have a big enough base to straddle the middle.
The specialists cling to the edge. The rest have one of these characteristics---

1. They try to appeal to all sides, but they don’t have the wherewithal to
stretch that far.

2. They have a niche, but no exclusivity.

3. They strangle themselves by hiring poor employees.

4. They fall easy prey to stronger players who delight to under-price and
out-service them.

The drown-ees are stuck in the middle of the pool, can’t swim, have no life-
preserver and no paddle.

Here’s what they need to do:

1. A Persian proverb says, “No matter how far you’ve traveled down the
wrong path, turn back.”

2. Cut your losses and begin again. You’ve already stopped to smell the
roses, so act.

3. Get back to basics and create a useful brand. Pick an edge to the
perceptual map and latch on to it with a strong product and appealing
positioning.

There might be a place for you. But it’s not in the middle.

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