Dodo Loves Marketing

But home furnishings alone are not going to be any marketer’s or retailer’s “salvation” anymore. It is going to be harder and harder for home furnishings retailers and marketers to get consumers to invite new furniture pieces or purely decorative home furnishings objects into their homes. Today’s consumers are looking for ways to scale down, throw out, and otherwise eliminate clutter from their homes.

While consumers are spending less money on major furniture pieces and decorative accessories, they are “hungry” for more and better tools, equipment, and accessories to enhance their living experiences in the home. For example, gourmet cooking and dining is an experience that more and more Americans desire to pursue in their home kitchens. As a result, they are willing to buy all kinds of things they don’t need but will enhance the cooking and dining experience. This characterizes consumer psychology for so many discretionary and luxury products. ..more

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About a quarter of American’s $7.385 trillion in personal consumption expenditures is spent on their homes. Spending on the four walls that shelter us topped $1.145 trillion in 2002, and spending on household operations, which includes all home furnishings, cleaning products, stationery and writing supplies, utility expenditures, and domestic services was $748.3 billion. Housing expenditures are rising faster than spending on household operations, as rock-bottom mortgage rates have encouraged more Americans to either buy into the housing market for the first time or trade up to larger, more expensive homes. ..more

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Purchase incidence of aromatherapy and scented household products rose sharply in 2005 to reach 49 percent, up from 42 percent of U.S. households in 2003. Consumers are turning away from candles as the primary delivery option for household scent toward other alternatives, such as potpourri, steamers, and sprays. By lighting fewer candles, they are expressing a desire for safer, more healthful alternatives for home fragrance. Concerns about indoor air pollution, open flames, burning petroleum-based waxes, and possible leaded wicks are becoming an important issue for consumers. ..more

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According to one famous futurist, “Someday in the near future I’ll be watching Ally McBeal. I like the outfit she’s wearing. So I put my hand on the TV screen and she‘ll interrupt the program and say, ‘Faith, do you like what I’m wearing?”Yeah,’ I’ll say. ‘I like your suit.’ And she‘ll say, ‘Here are the colors it comes in.’ I’ll tell Ally that I’ll take just navy or black, maybe both. And she‘ll say, ‘No you won’t, Faith. You’ve already got too many navy and black outfits in your closet right now. I think you should try red this time.’ And I’ll say okay, and the next day the red suit is delivered, in my size, to my home.” ..more

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Managers enjoy being involved in success and so will be full of enthusiasm as sales of a new product start to take off. Expansion and sales development from an increased range of products or a wider geographical area will not find enthusiasm or hard work wanting.

But how do we foresee the end of a product’s lifespan? Be prepared for it with a policy for new products and product improvements.

1. Prepare a product improvement plan

If your present products are selling well you cannot be blamed for feeling satisfied. However, your competitors are watching you with envy and will not have been idle. They are probably working at this very moment on a product with a few advantageous features, so don’t ever think that your current product design is the ultimate. There will be changes in style, custom, fashion, new technology etc. Ensure that your programme of product improvement keeps you ahead. ..more

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The only way to gain and keep the goodwill and high esteem of the people we work and live with is to deserve it. Each of us will eventually be recognised for what we are because of our motives, not for what we try to be through our moves. Having the right motives will always win over making the right moves, yet, often prompted by personal ambition, we focus on gaining quick success by learning artful techniques. In the long run, no technique, no matter how clever, can conceal the motives a person has in his or her heart.

Many businesses focus on making all the right moves with the understandable motivation of greater return. Indeed, the majority of employment training is on specific competency techniques to ensure that the right moves are practised. But the motives behind practising the right moves are not always in harmony with what the business purports to be in business for. ..more

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How many people really succeed?

There are no precise answers to this question and certainly not everyone becomes successful. Some drop-out must be expected from any downline. It would be a miracle if everyone who joined stayed. This would defy human nature!

Anyone starting in network marketing should realise that a large percentage of their downline will do little or nothing. Many will become inactive distributors (product users only). Many active distributors do not make much of an attempt at making a profit or making their business grow, and some drop out altogether.

However, by understanding what causes new distributors to drop out, you can minimise it in your network and ensure that your network becomes a success. Remember that not everyone in your network needs to become a superstar to make you successful. Even if most members of your network merely buy products for themselves and a few friends, you can have a hugely successful business. ..more

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You must be clear on the differences between illegal pyramid scams and network marketing. Here are the factors that make for a genuine network marketing company:

• The company must be a bona fide retail organisation which markets legitimate products or services to the consumer.
• The company should offer quality products or services for which there is a genuine demand.
• The price of the goods sold must be fair and competitive.
• There must be no up-front investment requirements other than a low-cost starter sales kit.
• There should be no minimum purchase requirements to join the network other than those essential to do some trade. ..more
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Step 1: The introductory meeting

Make the appointment and arrive on time; not early and not late. Try to meet both husband and wife if you meet with a married couple. Throughout the meeting talk in a relaxed and conversational way. If the meeting is in the prospect’s home, make some opening pleasantries. You might comment about an attractive painting on the wall or the lovely roses in the garden, anything to break the ice.

But this is a business meeting, so don’t labour the social side. Start your presentation properly by saying that:

• you have joined a company and you are excited about it, and that the business offers a significant moneymaking opportunity
• your organisation is a growing one and there is room for everyone to make money
• you are going to present an idea for her consideration but that there will be no pressure on her to make a decision. If she decides not to participate, you will not bug her. ..more
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Home Depot’s vast assortment of building supplies shows that it, too, knows that customers savor choice. But an even more important reason for its lasting success is that it knows how to capitalize on a customer’s wish to perform a task him- or herself. Home Depot employs our second strategy to attract the searchers, showering them with advice and insight.

This paradise for those who subscribe to do-it-yourself turns modestly competent amateurs into confident renovators and barely competent fumblers into people capable of remodeling their kitchens. Home Depot’s employees don’t do the job for you. Instead, they make accessible the information, products, and people you need to complete it for yourself. You feel capable of improving your own skills, which is exactly the feeling that searchers are seeking. ..more

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Companies that have attained the status of market leaders are not content to rest on their laurels or on their existing products, nor should they be. They accept the unending responsibility of exploring uncharted terrain to imagine and design new products with original features and unique benefits. Market leaders are always thinking about the future, working to anticipate not-yet-recognized needs.

They also know that customers—especially searchers—are not necessarily looking for what they are selling. Often people want something that doesn’t yet exist, or they have a problem to which there is not yet a solution. Historically, market leaders made sure that their pipelines were filled with a steady stream of new technology, distinctive designs, and original gadgets. Today, a full pipeline is not enough. To satisfy searchers, market leaders must try to answer questions that have not yet been asked. ..more

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