Skip to main content

Your Customer's Customer

Many moons ago, while working at Harris Semi- conductors and a marketing manager, I had a disagreement with my boss about who ultimately paid our salaries. When I told him, “Our customers pay our paychecks; and actually it is our customers’ customers who paid our paychecks,” his retort was that he paid my salary. My boss felt that is was marketing’s job to convince our customers of what they wanted, preferably that it would be what we were trying to sell. Hard to believe that this guy got his MBA from the Sloan Business School!

I knew it then, and it has been proven to me over and over again that my boss was wrong (although I did get sacked for not only this disagreement but many others). What is important then is still important now. In sales, it is NOT what you are selling, what is important is the problems you are solving for your customer. The number one problem customers will face is what should they make to satisfy the needs and desires of their existing and potential customers.

So, if you really want to be successful in marketing, positioning, and selling your product or service, you better know what your customers' customers need. In order to know your customers' customer’s needs, it is mandatory to research their markets, competitors, pricing, and future trends. In having and sharing this information and insight you are offering yourself as a resource and differentiating yourself in the marketplace. The upside on this is that your are not concerned with what your competitors are doing, because you are too busy making profitable sales with your customers. On the downside, it does take more mental effort to be successful, but successful you will be.

Bottom line, STOP selling and START solving.

Comments

Anonymous said…
I could not agree more! Most business marketing people do not have a clue about who they really are selling to. Good insight.
Profit Prophet said…
Thank you Mary for your comment

Popular posts from this blog

The Moldy Middle

While taking statistics during my quest to get an MBA and while earning my engineering degree, the professors always emphasized the importance of finding the statistical mean of any population by using the Central Mean Theorem (a.k.a the highest point of the Bell Curve). As an engineer, this was essential in order to maximize throughput, minimize cost and waste, and ultimately make a better, faster, cheaper widget. A funny thing happened on the way to the dark side of marketing. I discovered that the only thing in the middle of the road was quite literally dead road kill. I do not know if you remember stores like Bradlees, Ames and Service Merchandise (just to name a few), but they all folded because the environment changed and they were caught trying to service the mythological “average customer.” Part of that change came when Wal-Mart began its juggernaut with the discount department store. Wal-Mart did two things right: 1) Focused on “mobile” consumers, and 2) Fo...

Fortune Cookie of Persistence

There are many things or factors that can determine a person’s success or failure, but one thing that cuts across EVERY successful person I have met or read about or studied is perseverance, persistence, stick-to-itiveness, and determination. As I say, "Nothing in the world can take the place of persistence. The desire and ability to press on has and always will solve the problems of the human race and divide those who achieve from those who might have been." Incredibly, this ONE characteristic is really what makes a true entrepreneur as testimony to these little factoids: Coca-Cola only sold twenty five (25) bottles in its first year of business! They grossed $50.0 and spent $73.96 on merchandising. But they kept on going and never gave up, and nowadays the sell more than one billion bottles per day! Apple Computer co-founder offered the computer design to Hewlett-Packard five times and was rejected by both HP and Atari (the giant at the time) for acquisition. A...

Chance and the Cosmos

What if we are alone?  With the recent breathtaking Venus in Transit pictures happening yesterday, I was amazed at the size and scope of this cosmic happening. What struck me was how everyone was talking about how rare an event this was, and it got me thinking about space, and probabilities, and are we alone? I remember as a kid hearing Carl Sagan talk about the billion upon billion of stars in the universe and the probability that somewhere out there, there has to be life around one of those other stars. According to the European Space Agency’s scientists, there are 1 times 10 to the 12 (a 1 with 12 zeros trailing) stars in our galaxy, and perhaps 1 times 10 to the 11 or 12 galaxies in the universe.  That means there are 1 times 10 to the 23 or 24 (1 with 24 zeros trailing) stars in our universe. That is a vast amount of places that could have a planet like ours.  But now we have to think small, like in chance and probabilities, and this got me postulating. Ea...