You're the Inspiration
Know what product or service you want? Chances are, others want it, too.
Creating a product or service to meet your own needs is one of
the oldest business inspirations in the book. The thought,
"Hey, I would like a service like this" inspires moms to
invent nifty gadgets to make child rearing easier, and college
students to deliver food to dorms. But how can you make sure a
product or service you want will translate to the masses?
How can you get the public to open their wallets for something you
initially conceived just for you? "You can't assume that what excites you about the
solution is going to excite them," says Kristin Zhivago,
author of Rivers of Revenue and founder of
Zhivago Marketing
Partners Inc., a revenue growth consulting firm in Jamestown,
Rhode Island. You have to communicate to potential customers what
is important about your product or service, says Zhivago. She notes
that many entrepreneurs immediately go into salesperson
mode--forgetting the crucial step of going into buyer mode. Stepping out of your vantage point can be a challenge, notes
Zhivago, but she suggests simply interviewing your potential
customers. A phone survey can help you get clued in to your target
market's needs, what they're looking for in a product or
service, and what would move them to try something new. Content Continues Below
Detailed research certainly helped Debra Myers learn about her
target market. Though she originally created Enfusia, a specialty
bath and body products manufacturing company, after her own
personal struggle with eczema symptoms, she believed there was a
larger market out there for nonirritating skin-care products. She
began asking her family and friends to try out the shea and cocoa
butter lotions she was creating in her blender. "My friends
are the biggest circle of high-maintenance people on the
planet," says Myers, 38. "I knew if they would like it,
most of the world would like it." Myers, who has a background in cosmetology, commissioned a
friend to help her concoct the lotions, and she officially started
the company in 2002 in The Woodlands, Texas. She also focused on
contemporary labels and packaging--though her products are
all-natural, she didn't want to emulate the plain packaging
used by similar products. The strategy helps her market to
everyone, not just people with skin irritations. Today, with the
Enfusia line
available online, in some Whole Foods stores, and in gift stores
and hospitals nationwide, 2005 sales should hit $250,000. Though stepping out of your own mind-set to get into the minds
of your customers is a challenge, it will be well worth it. While
you're convinced you have the coolest new widget around,
Zhivago suggests checking out your competition and creating a
grid-type list detailing the price, benefit, brand recognition and
other general attributes of both your product or service and
theirs. It's important, she says, "so you're not
kidding yourself about where you fit into that grid." Forcing
yourself to be honest will allow you to target your customers'
needs--not your own--and that will dictate your
market-to-the-masses strategy.
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What makes a good client gift?
What guidelines do you follow when buying gifts for your clients? Have you ever received an unusual or inappropriate gift?
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