Showing posts with label instinctive. Show all posts
Showing posts with label instinctive. Show all posts

Saturday, August 30, 2014

Marketing in the market

The world around us is just too vast and wide and there are people in all directions. Each one is buying something or the other regularly. People spend on food, entertainment, clothes, sports, medicines, properties, rights, patents, investments, and a lot of other unknown stuff too. Each one of them is trying to either gather more things into life or enjoy the temporary experience like the taste of an ice-cream through expenditure of money. There is a huge market out there because people earn to spend their money. Only thing they need to be convinced is on what they are spending. Convincing need not happen logically also. So, if you are marketing any of your products or services then you have to decode that illogical instinctive reasoning for them to buy because people don't buy out of logic, they buy out of instinct.

Law of averages has always taught the sales and marketing team that not everyone you explain your product to necessarily need to buy your product. There will be a huge chunk of people who shall reject not just your product but you too. Marketing is only focused at reaching out to people with the information and awareness about your product. Those who realise the worth of your product at the first shot itself would go ahead to buy. Or I can put it as, that set of people whom you're able to convince just with your presentation shall go to buy your product. This portion of people is generally smaller. Next comes the huge section of the market which needs to be reminded about your product time and again. This portion of the market doesn't exactly know where to spend the money. Anyone persuading them to pay the money shall get them as the customer base. So, marketing doesn't stop until the targets are reached. Marketing is independent on the portion of the market that buys your product. The reason is the market is diverse and very large to even measure. No matter how much volumes of your product you produce, you shall never be able to reach out to the entire market of seven billion plus people on this earth. Hence the marketing spree has to continue until you have earned enough to purchase your bread and butter.


Since marketing cannot assure the right time and date by when all the sales will happen, it needs to continue and only catch up more speed and fire as time passes by. Counting the number of people who buy your product against the number of people whom you informed about your product is the biggest mistake a marketer can do. The market is too huge for your to not be able sell your product. A person shall spend his money elsewhere if not on your product. Not every expenditure of his is highly profitable and essential. So, instead spending anywhere else let him spend the same amount on your product. Don't give up until then. A marketer who gives up marketing shall only mean to give up his means to survive.

Friday, February 08, 2013

Instinct to conclude

All of us want to be experts in analysing everything and everyone. More than the want, most of us have already fallen into the pit of assumption that we can comprehend any person or any situation with the wisdom and experience that we possess. Unfortunately this is the reason why we jump into quick conclusions and far from perfect decisions that hamper our further progress. You might have observed that as experience and knowledge grow in a person, s/he becomes more descriptive about anything and keeps enough number of ways open before concluding about anything or anyone or any situation.
 
The instinct to conclude and finish quickly is also a sign of sense of urgency but this cannot be applied to those entities which are not under our control. Our work is under our control and hence sense of urgency can be applied but when it comes to making decisions when someone else is also involved in the project along with us, it's a blunder on our part if we jump into instinctive decisions that can have negative repercussions later. You might have observed that a baby touches the fire instantly the first time it notices fire which is an instinctive decision by the baby due to lack of experience with fear or lack of knowledge about fear while you will for surely find an aged adult taking sufficient time to jump into any type of decision even when the entire country is in crisis so that s/he gives the right decision after analysing and evaluating every aspect of effect of his/her decision. Wisdom grows only after sufficient knowledge is applied in practical scenarios increasing our experience.
 
I have always had this instinctive habit to finalise things quickly and immediately so that I can move over to the next task and I feel no shame in confessing that I have ended up on the losing side by taking such instinctive and incorrect decisions. I have always regretted after committing such mistakes since I couldn't revert the situations late. However I have learned my lessons, have you? Please let me know on is.mohanbn@gmail.com