I had the pleasure of hearing Seth Godin speak recently, at Selling Power magazine’s 2010 Leadership Conference. Godin is the author of 12 books, including “Purple Cow: Transform Your Business by Becoming Remarkable,” which I mentioned in a QP column back in 2004. Some of his other titles include “Meatball Sundae, Free Prize Inside” and “All Marketers Are Liars Tell Stories.” As you might guess from the titles, Seth’s a funny guy.
He’s also a serious guy, and he had some things to say about business—and specifically about the printing business—that are worth passing along.
Race To The Bottom
“I do a fair amount of business with commercial printing companies,” Godin said, “and they have trained me to believe that they’re all the same, and that ‘I can make it for you cheaper’ is the major differentiating factor.”
How does a printing company “train” its customers in this way? Mostly by focusing on price, rather than on value. Do you do that? Yes, I’m pretty sure that you do.
What did you say the last time you called a prospect to follow up on a quote? I’m betting that it was not, “Do you see all of the value in our proposal?”
Instead, I think you probably said something like “How does our pricing look?” If you did take the value route, I apologize and I’m proud of you, but I can tell you that the majority of printers and salespeople I work with are talking more about price than value—at least until I teach them how to do it differently!
Godin calls this “the race to the bottom,” and I think that expression is very apt. It’s been proven in the marketplace that you can win orders with low pricing, but it hasn’t been proven that you can win customer loyalty that way. More importantly, it hasn’t been proven that you can be profitable with the combination of low prices and low loyalty. In some businesses, maybe, but not in the printing business. Winning the race to the bottom would be a very hollow victory. I’d rather see you competing in the race to the top.
Ideas That Spread
Another of Godin’s serious comments was that “ideas that spread, win.” He was talking about the difference between traditional advertising and the sort of multi-media, multi-channel communications opportunities we have today. There are certainly more ways to get your ideas out into the marketplace than ever before, but there’s still a fundamental issue here: What “ideas” do you want to spread?
Think about that. What “ideas” can help you win the race to the top?
Here are a few suggestions:
• We are really good at the “craft” of printing.
• We have also mastered the new technology that
broadens our craft.
• We continue to work at that mastery, because things
are still changing.
• We do all of this because we believe it makes us
valuable to you.
• We have also become experts at marketing strategy
• We think we can help you to grow your business, not
just by printing for you, but by guiding you toward
what to print and how to get it in front of your target
• We think we can help you to grow your business
through marketing strategies that go well beyond
print, using all of the power of the Internet.
• We really want to work with you!
I hope you see the “progression” in these ideas. Taken individually, they each represent only a piece of your overall value proposition. Added together, I think they tell a pretty compelling story. I hope you also make the connection to the vision of a Marketing Services Provider that I’ve been writing about for the last three months.
Okay, now we come to the big question. How do you spread these ideas? The answer is, in every way possible—consistently and in every way possible. This is what your direct mail should say. This is what your website should say. This is what you tweets should say, and what your Facebook page should say, and what you should say every time you talk with a friend, neighbor, supplier, potential supplier, suspect, prospect, or customer.