Login or Join

Seth puts his finger on the power of marketing lagniappe

9inchmarketing

Seth puts his finger on the power of marketing lagniappe

comment count 0 comments | 347 reads
Posted by Stan Phelps on Feb 07, 2010

To underdeliver or overdeliver, that is the question

seth godinHere is his Seth’s latest post whereby he points out how businesses as a rule underdeliver.  He talks about the radical concept of overdelivering:

One way to think about running a successful business is to figure out what the least you can do is, and do that. That’s actually what they spent most of my time at business school teaching me.

No sense putting more on that pizza, sending more staff to that event, answering the phone in fewer rings… what’s the point? No sense being kind, looking people in the eye, being open or welcoming or grateful. Doing the least acceptable amount is the way to maximize short term profit.

Of course, there’s a different strategy, a crazy alternative that seems to work: do the most you can do instead of the least.

Radically overdeliver.

Turns out that this is a cheap and effective marketing technique.

I’ve said it before and I’ll say it again, “If you are a student of marketing and you live in the land of the folically challenged, then Seth Godin may be closest thing to your own Personal Jesus.”  Seth has a remarkable skill of seeing how things are changing in the world from a marketing perspective and putting them in an easy to understand business perspective.  Seth blogs daily @ sethgodin.com (do yourself a favor if you haven’t already and click here to subscribe).

I love how Seth calls overdelivering in his post a crazy alternative.   In today’s climate you need to stand out or perish.  You need to answer two important questions:

1. What makes you different?

2. Is that differentiator a signature element?

Creating that small unexpected extra of marketing lagniappe can go a long way to increasing retention, promoting loyalty and generating positive word of mouth. Investing your marketing budget in current customers is the lowest hanging fruit in marketing. Focusing solely on prospects in the purchase funnel and neglecting the customer experience is a recipe for disaster.

Where is the lagniappe in your marketing?

The PURPLE GOLDFISH PROJECT – Click here to see over 200+ examples of marketing lagniappe.  Over 100 brands have been submitted to the list.  Which ones have made the cut???



Republished with author's permission from original post by Stan Phelps .

0
No votes yet
 
Stan Phelps
Stanley G. Phelps is Executive Vice President at Synergy Events. Synergy is an award winning experiential marketing agency specializing in mobile marketing tours, pr events, product launches and sponsorship activation. Stan provides strategic direction for the marketing and creative for the agency, as well as developing new client relationships.
About Stan Phelps   |   Follow on:
  • Twitter
  • RSS
Categories:
0 comments »

Post new comment

The content of this field is kept private and will not be shown publicly.
 
  • Allowed HTML tags: <a> <br> <img> <em> <i> <b> <u> <hr><strong> <table> <tr> <td> <th><ul> <ol> <li> </li><font><blockquote><sup> <colspan> <rowspan>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Images can be added to this post.
  • You can use BBCode tags in the text, URLs will automatically be converted to links.

More information about formatting options

CAPTCHA
Are you human? (This question helps prevent automated spam submissions.)

MarketPlace

Powering the New Customer-Conversation Driven Enterprise

[March 18, 10 AM PDT] With the exponential growth of the social web, enterprises need a new way to effectively collect and utilize unstructured information that can be used to drive business decisions. This webinar will discuss LARA, a new methodology to help enterprises more effectively Listen to, Analyze, Relate and Act on customer information.

Global Customer Experience Management Certification Program

[March 17-18, Paris] Learn cutting-edge CEM methods from a team of international gurus. This 2-day course applies CEM essentials, strategies and methodologies on Marketing, Sales and Services; provides a framework with relevant guiding principles and tools for designing the best experience to your customers.

Featured Links

Salesforce CRM

The leader in customer relationship management and cloud computing.

CEM Training and Certification

Patent-pending methodologies combine the art and science of Customer Experience Management.

On-Demand CRM Software

Use RightNow solutions to create the best possible customer experience while reducing costs.

Get your event or resource listed in the MarketPlace, reaching 300,000 business leaders monthly.
For more information, contact CustomerThink advertising sales.