You’re a realtor. If the house is a log cabin and you’re trying to appeal to a more modernistic Le Corbusier-type of consumer, sprucing up the curb, the walkway, the mailbox won’t do it.
Companies who are labeled with a target consumer, don’t often grab hold of someone new outside of the described (and perceived) demographic. (And that’s okay!)
Apple might pick up some 60+ year olds, but do they really contribute to the success of Apple?
Hot Topic might get a preppy teenager to come in the store by advertising polos, but is it a smart use of space for the possibility of reaching a different demographic member?
Lands’ End might try appealing to a younger generation of women, but will the advertising strategy work?
Many businesses throw themselves under the bus by trying to be something they are not, by trying to wiggle their way into the minds of a different demographic. What happens? They end up ignoring the strength of the tribe they already have. Curb appeal may grab the attention of difference consumers, but at the same time it confuses your current ones.
At some point you have to realize you need to create a new product to reach the new target audience (if that’s really what you want). At some point, no amount of curb appeal will attract the number of new customers you hope for.
My advice when you know you’re at the end of the rope, tie a knot.
Praise your current market. Instead of paving a new pathway to the house, add more to it. Give back to existing customers. If your business is a traditional one, drop the idea of a mobile app and revert back to rewarding those who share through word of mouth and refer you to friends.
Apple is successful because they admire the early adopters. Hot Topic is still open because everything is still black and they have CDs. Lands’ End will grow more if they create a referral program for consecutive consumers rather than telling 20-year-olds what they should be wearing (without changing the style of the product, merely its curb appeal).
I’m a PR strategist who prides himself in being honest. Can you get new customers? Certainly. Can you get the number of new customers you want (or will need once you start confusing your existing/returning ones)? No.
Sometimes it’s easier, better, cheaper to build a new house than to add to the curb appeal of the one you own. (Especially when the one you own is beautiful as it is!) Plus, it’s more fun to create a new product that fits the target audience you want than to stretch the fabrics of the current product. Sooner or later, it won’t fit your consumer base, and that’s when you crumble.
Stay Positive & Tie A Knot And Show It Off
- A Story To Add - April 22, 2024
- Over-communication And Advertising - April 21, 2024
- How Much They Care - April 20, 2024
