Lesson #4: Test Your Product and Test Your Pitch
Article Overview: Almost every day, some new kitchen widget or another is released onto the market. A select few might become hit sellers, while the rest crash and burn as quickly as they were thought up. However, even where an entrepreneur finds himself with a successful product, rarely has he been able to transform it into an entire business. That is, of course, until Popeil came along.
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Free Download - Ron Popeil Quotes By Ron Popeil
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Lesson #4: Test Your Product and Test Your Pitch
Almost every day, some new kitchen widget or another is released onto the market. A select few might become hit sellers, while the rest crash and burn as quickly as they were thought up. However, even where an entrepreneur finds himself with a successful product, rarely has he been able to transform it into an entire business. That is, of course, until Popeil came along.
It is not the success of the Veg-O-Matic that makes Popeil’s story such an impressive one. Rather, it is the success of the Veg-O-Matic, and the spray-on hair, and the food dehydrator, and the myriad of other products that have emerged from his brain over the years. “I have an innate talent,” says Popeil. “I used to think it was luck, but after one success after another, I realized that I know what is needed in the marketplace. Most people don’t understand the market. Most people have no clue. All they know is ‘I got an idea, and I need a patent.’”
Popeil does not just understand the market, he puts in the time he needs to make sure his product will succeed, never releasing something until is has been perfected to his satisfaction. Every day, Popeil continues to rise at 6:30 a.m., when he does a workout, and then heads directly into his kitchen and garage, what he calls his testing facilities. With all of the bulk supplies that he purchases largely from Costco, he passes away the time at work, tinkering with all of his new ideas and perfecting his old ones. In fact, Popeil has never hired a marketing team, insisting that everything from conception to product development to marketing remains in his hands.
Much like Popeil refuses to release a product until he has perfected it, even where that takes more than two years, he also spent much time perfecting his sales pitch. Although he never once scripted his infomercials, he refused to go in front of a television audience unprepared. To that end, Popeil made sure he had had enough experience selling on the streets of Chicago, at Woolworth’s, and at State Fairs before he embraced the new medium of TV.
“Before I went on TV with the Chop-O-Matic, I spent several weeks selling the product at Woolworth’s,” he says. “After several days of demonstrating the product, I learned what features consumers were particularly interested in.” By exhibiting his products in front of live people, many of whom were not afraid to ask him the tough questions, or debate with him about the products’ merits, Popeil was able to perfect his presentations.
Popeil once said, “If I’ve been chopping away for 10 hours a day, giving the same pitch over and over again refining it a little bit each time, why would I ever need a script?” Popeil might have always given an unscripted performance, but it was one he had been rehearsing for years. Before Popeil ever stepped in front of the TV camera, he tested his product and he tested his pitch. That is one reason why his infomercials were so successful.
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Related Forum Posts
test, test, test
- Hi Sandy,
The great thing about online marketing is that everything can be tested and you can quickly gauge if something is working or not. Run two tests, see if people respond better to the one option or the multiple options. Your customers will tell you which method they prefer and will vote with their wallets.
Test your headlines, test your messaging, test your pricing, test your # of options - test everything!
Good luck!
Forum access problems
- Hi GT and moderators,
I haven't posted here for a couple of days because I thought the site was down. It turns out that I am unable to access the site on my Firefox browser, although it works as normal for everything else... I only discovered the site was up when I checked it from a computer elsewhere today using Internet Explorer.
When I try to access the site from my Firefox I get an "Apache HTTP Server Test Page for evancarmichael.com and an HTTP 403 - Forbidden Access page for evancarmichael.com/Forums/...
However, I can access the forum perfectly well on the same computer from my Safari browser.
Question: Is anybody else having a problem accessing evancarmichael.com with Firefox?
Thanks,
DH
Re: How do you stay motivated as a startup?
- [quote="BuzzAroundBooks":oaw6ne0y]Hi Everyone,
I was wondering if some of you could share a few tips on how you stay motivated as a new entrepreneur. For instance, what do you do when:
• You lose an opportunity, sale or client
• You see a competitor doing something very well
• An expense costs more than you bargained for
• Your hard work and efforts haven't yielded any significant results yet
Thanks![/quote:oaw6ne0y]
Lose an opportunity - i try to remember that there are millions of fish in the sea... i lose one.. there's still plenty of opportunity to go after more. And depending on who it is.. i feel honored to have even had the opportunity to go for it.
Seeing a competitor do something well is actually a good motivator for me. It will push me to finish or upgrade one of my services or marketing campaigns.
All of business is about trial and error... so if my hard work isn't seeing results, than i tweak my practices a bit until they do. Test and retest. Talk to others...see what it is that i'm doing differently.
Referral strategy
- Hi Andy - here are some of my thoughts:
1) It could work depending on the demographic. Sometimes incentives work very well to generate referrals and other times they don't. I remember when Intuit announced a cash referral program for their customers. The reaction was not positive. Customers said they are happy to refer their friends on because they loved the product and did not want to feel like they are "selling" their friends. Others, however, love being affiliates and base their entire business on this type of model. Test it and see the reaction. It may work out and it may not. It will probably be a nice add-on but I wouldn't rely on it as my main marketing strategy.
2) Why limit it to 2? Like any other community you're going to have people who really take to your idea and others who won't. You want to create champions of the customers who refer so why limit it to 2? Providing an ongoing revenue stream to your referral partners is a great way to bring in new business.
3) I agree about them paying up front first. By "credit" do you mean he'll be paying them $300 cash or does it go towards other products / services he is offering?
Pitch Like A Girl: How a Woman Can Be Herself and Still Succ
- Pitch Like A Girl: How a Woman Can Be Herself and Still Succeed
Ronna Lichtenberg
2005
From the inside cover:
"As a woman, you probably feel uncomfortable when it comes to promoting yourself and asking for what you want."
WHAT IN THE HECK IS THIS, I asked myself when I read that. Women are the fastest growing business owners in the US and Canada, there are t housands of women executives and CEOs - though not as many as might be expected, admittedly, yet the book opens with this surely out of date stereotype.
However, as she continued to give examples of women who had high paying jobs but were routinely not paid as much as men because it hadn't occurred to them to ask for raises, etc., I decided it was probably true for a majority of businesswomen...
Anyway, more of the info from the jacket:
"Other books have told you how to get what you want by being more like a guy. Pitch Like A Girl tells you why its an advantage to be who you are and how to do better by bringing more of yourself to work."
The TOC:
1. Pink and Blue
2. The Quck-dry Chapter
3. What's In your head that's not in his
4. The Me, Inc Mindset
5. Visioning: Discover What You Really Want
6. Identifying Prospects
7. Pre-pitch homework and heartwork
8. Crafting the pitch
9. Pricing the pitch
10. Packaging the pitch
11. Delivering the pitch
12. Closing
Conclusion
A Word to the guys
The Empathy Quotient
The Systemizing Quotient
Bibliography
And on a side note - non-fiction books without indexes - of which this is one, annoy me.
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