The Law of Leadership
Article Overview: The key issue in marketing is not convincing prospects that you have a better product or service, explains Mike Farrell with aspenIbiz. The key issue is to create a category you can be first in ... hence the interest in "MyStory" marketing and that you are the category and you must be first in your category. Read this insightful article to learn that it is better to be first than it is to be better. Marketing is a battle of perceptions, not products.
 |
Free Download - Learn How to Name the Children to Be No 1 on Google By Michael Farrell
|
The Law of Leadership
Billions of dollars are wasted every year on marketing campaigns that can not possibly work, no matter how clever or brilliant.
How do we avoid making marketing mistakes and spending money on campaigns with no results?
The easy answer is to make sure your campaigns are in tune with the fundamental laws of marketing that govern the success and failure in the marketplace.
The first law is the Law of Leadership. It is better to be first than it is to be better.
An example of this law of leadership is illustrated by the following two questions.
1) What is the name of the first person to fly solo across the Atlantic Ocean? Answer - Charles Lindbergh.
2) Who was the second person to fly solo across the Atlantic Ocean? Answer - Bert Hinkler.
Bert was a better pilot than Lindbergh; he flew across the Atlantic faster than Lindbergh; and he consumed less fuel on his trip across the Atlantic than Lindbergh. Yet who has ever heard of Bert Hinkler?
The key issue in marketing is not convincing prospects that you have a better product or service. The key issue is to create a category you can be first in ... hence the interest in "MyStory" marketing because you are the category and you are first in your category. Marketing is a battle of perceptions, not products.
Let me conclude with a couple more examples.
Neil Armstrong was the first person to walk on the moon. Who was second?
George Washington was the first president of the United States. Who was second?
Gatorade was the first sports drink. What was second?
If you are not first in your prospect's mind, you are doomed to languish forever.
As an Internet Marketing entrepreneur, be sure you avoid the fate of Buzz Aldrin, John Adams, and some unknown sports drink that were all second and will languish forever.
You can find out more about Internet Marketing and home-based businesses by reading updates that will be posted at my blog over the next few weeks.
Related Articles
Eliminating the Fear of Failure
Leadership fails without management
The Essence of True Leadership
LEADERSHIP IS CREATIVE THINKING NOT REACTIVE THINKING
INVENTORIES CAN BE MANAGE BUT PEOPLE SHOULD BE LEAD.
Succession Leadership is the Success Lynch Pin for Individuals, Businesses and Organizations
Learning at the Frank Sinatra School of Leadership
Achieve Sales Leadership Mastery and Grow Sales Revenue
What is True Leadership?
Integral Leadership - A Useful Model for Leadership Development
Is your leadership effective?
What Is The Meaning Of Leadership?
Eight Essential Qualities of Passionate, Powerful and Proven Leaders, According To Your Strategic Thinking Business Coach
Realizing and Breaking your "Glass Ceiling" - Part 5
What Does Leadership Mean
Assessing and Building Your Leadership Pipeline
The secret questions of successful thought leaders
What is Leadership
LEADERSHIP IS ALWAYS CREATIVE THINKING NEVER REACTIVE THINKING.
Does product, sales or market leadership equal thought leadership?
Article Tags:
Attraction Marketing Formula,
brand You Inc,
Digital Entrepreneur,
Internet Marketing,
Magnetic Sponsoring,
Mike Farrell aspenIbiz
Related Forum Posts
Re: Business Women Peer Mentoring Spotlight
- Hi Everyone,
Gosh, I REALLY appreciate your concrete feedback. This was far more than I expected and I'm glad you said what you thought straight out.
Each of you have shared something of value and I want to take some more time to think and really go over what each of you have said. However, I can see there are some things I need to change right away. What an interesting point about a NEW program perhaps making people think they are guinea pigs! This is NOT what I want to convey!
It's funny how we can see some things so clearly in others while not always seeing it for ourselves! I must admit there are a few things I've been meaning to change (like my bio which is very outdated). Obviously, these things need to be higher on my priority list. You caught me like the plumber who puts his clients first and doesn't get around to fixing his own tap!
As far as my target market, I do feel quite strongly about working with Women Leaders and doing Leadership Coaching with them. It's non-negotiable in my books. In my Executive Coaching training, the terms "Leaders" and "Executives" are interchangable. To me, an Executive is a Leader and so is the Business Woman or Entrepreneur who is CEO of her own business. I love working with decision makers!
What I did learn is that I need to avoid opening up the Leadership term beyond what I described above. I'm also wondering if there is a misunderstanding with the general public as to what Leadership Coaching really is.
Leadership Coaching is all about developing your leadership skills, both as a people manager and in more effectively running and growing the business. There is ALWAYS room for growth in some way. As well, sometimes, we just need a sounding board to clarify what our next BEST step is.
In fact, if a woman thinks she has nothing to work on, then we aren't a good Client/Coach fit anyway. How can she grow if she doesn't see the value of expressing ALL of the great ability within her? How can her company grow if she doesn't see the value of strategic planning for the next best level?
Thanks again to you all! I will go back to my website and really question whether I am conveying the right message.
I got more than I bargained for in this Spotlight... you generously offered way more than I was asking. I think we could be on to something great for the Forum.
Now it's time to let someone else have the spotlight. It would be great if everyone took a turn!
In gratitude,
Tami
Re: 3 Ways I Used Twitter To Grow My Business This Week
- Hi Olivia,
It seems you are working in the area of leadership area. Is Leadership = Learning?
I am looking for some good books on strategy? Which one do you recommend?
Thanks,
Robert
Re: LEADERS
- Nice post, i like the Doers and the listeners comments
from my handbook 8.5 HOW MUCH DO YOU KNOW ABOUT LEADERSHIP?
Planning
Problem Solving
Vision
Innovation
Leadership
Emotional Intelligence
Delegation
Communication
Self-Development
Relationship Building
Commercial
Financial skills
Personal Energy
Ethics
Transparency
Even there I see that we are missing "PASSION"
Different Hats
- CEO Sales & Marketing & Leadership Development Company
Strategic Vision 10
Alliances & Growth Strategies 10
Hiring & Managing People 8
Mentoring 8-9
Strategic Planning for Clients 10
Execution of Marketing Campaigns 9-10 (i have great people who do the nitty gritty)
Financial Management 9
Bookkeeping 3 (outsourced as I really hate the fine details like GST0
Administrative Follow Up 6-7 (again have great staff)
Writing & Publishing 9 (getting better all the time!)
Speaking 10 (so I have been told)
Self Promotion 9-10
Web development & Promotion 6-7 (learning more and have brought on players who are 10+)
Babysitting Employees (1 - wont do it, that's why I work so hard to hire and motivate the people I have)
Great topic Kevin!!
Jude
Why A Project Fails?
- Hello Everyone
As the size and complexity of ones business grows, so does their need to effectively manage projects. I have been thinking about the major reasons why a project can go wrong and my limited experience comes up with the following.
1 Leadership: A project manager with leadership skills and not just management skills.
2 Failure to (Foresee and) Plan
3 Failure to Manage: Ineffective change management control methods. Unclear decision making guidelines.
4 Talent: Finding, allocating and developing people
5 Scope: Setting an overly ambitious or amibigious project scope
6 Alignment: When projects are not prioritized in alignment with the business strategy, or project members personal objectives are not in tandem with that of the project / company
7 Lack of Candor: Communication Breakdowns
I would be interested in knowing everyone's thoughts on this, especially on ways to overcome the above mentioned obstacles.
Cheers!
Recommended Article for You
close
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva.
Over
$50,000 raised and counting -
Please keep sharing! Learn more.