Marketing does USPs and Product does not – August Wrap

Are Product people all that different from their Marketing colleagues? Other than Sales, Advertising, and Brand Messaging, what do Marketers actually do? For August, we delved into the world of marketing with Ellias Appel and Carleen Harawira.

What is Marketing?

Elias started with a quote:

The aim of marketing is to know and understand the customer so well, that the product or service fits them, and sells itself – Peter Drucker

In other words, Marketing is the art and science of understanding customers, and then trying to get them to buy your stuff.

Carleen agreed — Marketing is the art and science of getting and keeping customers. Make sure you leave some room for magic (or the art).

What is the Marketing approach?

Both Elias and Carleen started with marketing first principles — the Marketing Mix, or the 4 Ps of Marketing (Place, Price, Product and Promotion).

By interrogating the 4Ps, Marketers try to understand their customers, so that they can create a Unique Sales Proposition (USP) as the answer to their problems — getting your product in front of the right customers at the right price.

Carleen took us through a methodical Marketing process.

Market orientation:

Ultimately, as soon as you become an employee, you lose some customer perspective. That price is justified, right? That ad is cool. Biases have already started to creep in. Marketing orientation is about getting the customer perspective back. 

Segmentation:

Get to down specific segments. Who are your perfect customers? Who are your bad customers? You want to avoid averages.

The “Average” Australian has one testicle and one breast!

Targeting:

How do you want to approach your targeting? Micro targeting, such as Facebook or other social platforms, or mass marketing, such as television. There’s no right or wrong, but you need to work out what is best for you.

Positioning:

How should we position our products? There are a couple of trains of thought here, from Purpose, or what we stand for (the Simon Sinek school of thought) to Distinction, or when you think about us (from How Brands Grow by Byron Sharp).

(Brand) Codes:

The more you repeat elements of your branding, the more memory structures are built, which lead to associations, and then eventually will lead to sales and growth (eg, McDonalds).

Touch Points:

Where do you want to interact with your potential customers, and how? Through Third Parties? Social only? eCommerce via a website? A more traditional retail model?

Communications:

The actual execution of messages through your chosen mediums.

That’s the process… and then there’s a bit of luck.

How can Product and Marketing work together better?

Marketing and product should be tied at the hip. Create a common goal. Share your research, results and insights with each other. Create an infinity loop, and feed each other to become stronger and more effective.

Build cross-functional micro teams. Include an analyst in the mix.

Marketing is more than just Sales. Sales is like a toddler, and is immediate. Sales cannot do the slow burn or long term vision. But together, Product and Marketing can!

Thank you

Thanks again to Ellias and Carleen for sharing, and to A Cloud Guru for hosting us online. A Cloud Guru’s mission is to teach the world to cloud, and they’re hiring!

Slides

ProdAnon birthday talks!

Yes! November is our birthday!

Over the years, we’ve mixed it up with purely social birthday drinks to give you more time to get to know each other (& Liz and I are not adverse to a lovely cocktail or wine) or the usual speaker topic session – this year we have a new plan.

One of the big reasons Product Anonymous exists is to share knowledge. Another reason we exist is to grow the local talent which includes giving people the opportunity to gain experience in front of a crowd & crafting a talk. We’re super proud that several ProdAnon speakers have gone on talk at large conferences.

So for November.. it’s time to dip your toe in the water. Yes, you!

We want you to present – for 5 minutes. It’s not a long talk, you won’t have to answer 15 questions after, nor do you need to create earth-shattering beautiful slides.

What you need to do is know what you want to express, to teach, to explain, to get ProdAnon folks excited about.

You need to be able to communicate that in FIVE minutes (warning: Liz will have her whistle). And you need to be available to do this on Thursday evening November 26th.

This is not a ‘lightning talk’. You do not have to change slides every 15 seconds and have only 20 slides. It’s your 5 minutes. It can be fun. It can be serious. It could be an insight you want to share.

What to do next?

  1. Mull over your idea and submit it by EOD Saturday, October 26th
  2. Those chosen will be contacted on Friday, October 30th (yes, this is encouraging you to spend Melbourne Cup wknd working on your preso!)

Submit your talk idea!

How will talks be selected?

  1. Appeal of the topic to ProdAnon people
  2. Your sworn ability to be able to use google slides and deliver the slides the week before the event

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Our sponsor: A big thanks to A Cloud Guru for sponsoring! Our mission is to teach the world to cloud. Find your place at ACG.

September event – Prioritisation: The ultimate hamster wheel

Have you ever felt like your life has become all about juggling the priorities? And you’re just on this hamster wheel…

Phoebe Peck has been on that wheel – and knows you need to stop. From juggling near term to long term priorities, Phoebe will be share tried and tested strategies for running in a straighter-ish direction while recognising detours, temptations and pitfalls along the way.

She will share her experiences on prioritisation including from a lighter perspective because let’s face it if we don’t laugh we will cry! (or go insane…)

Conversation & sharing of your tips will be encouraged!

See you on Thursday, September 24th RSVP

About Phoebe:
Phoebe Peck is passionate about hospitality, technology, people and leaving positive imprints on the world through the decisions we make and the actions we take.

Phoebe is Head of Product for the industry-leading hospitality SaaS Company, Redcat. Her talents in product and technology have greatly benefited from a strong operational and managerial background in best of breed quick-service restaurants, and fast-casual hospitality business.

Phoebe values teamwork, perseverance, work ethic and honesty. Phoebe attributes her professional success to her internal drive, continuous learning and working with amazing people.

Phoebe lives in the heart of Tigerland, is a mother of 2, is very competitive, always up for a challenge and has ambitions to one day present at TED.

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Our sponsor: A big thanks to A Cloud Guru for sponsoring! Our mission is to teach the world to cloud. Find your place at ACG.

Product Anon Dumplings

Our next dumpling session is Tuesday September 8th. RSVP here.

What is this dumpling thing?

Back in the day when we could squeeze 10 people onto a small table, occasionally we’d gather to eat dumplings and talk.

Since March 2020, we’ve been running monthly dumpling sessions online. Bring your dinner, hang out, meet some folks and chat.

Warning: sometimes these turn into weird cooking shows. It started with the frothy Dalgona coffee thing then mug cake and there’s rumours of sticky date pudding one day.

Photo by Abhishek Sanwa Limbu on Unsplash