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Marketing leader & Wharton MBA with expertise in marketing strategy, product development & innovation

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Showing posts with label marketers. Show all posts
Showing posts with label marketers. Show all posts

Marketing & the 5 W's: why every marketer should take a journalism class

Journalism 101. Who, what, when, where, why, how?... these key dimensions that are the marketing and journalismfoundation of journalism can also be used to design great marketing & segmentation strategies, and to turbo-charge your innovation efforts.

The 5 W's as they have been dubbed, can serve as a powerful tool for gaining deep insight into the contextual nature surrounding the need for and use of your product. I like to think of the 5W's as the marketing equivalent of an industrial-grade power shovel, allowing you to "dig deep" so you can get to those precious consumer gems that lay beneath your feet.

Context is king
Powering the 5W's is the essential notion that everything that we do is embedded in a context, and the better you, the marketer, understand the different contexts in which the need for/use of your product occurs, the better equipped you will be to develop marketing strategies or innovations that truly pop!

How do I use the 5 W's?
The simplest way to begin using the 5W's is to start with the most basic question and loop it through each W:
  • {When/Where/Why/How/For whom} might the need for my product arise?
Spend at least 5-10 minutes on each W, making a list along the way. Allow your thoughts to percolate; don't be afraid to make assumptions - you can always validate them in the future. Do the exercise again a day or two later - often the most insightful thoughts will come after a period of incubation.

As you begin to use the 5W's, one thing that will become clear to you is that one or two of the Ws will often be more relevant to your product than others. You'll also notice that the Ws will frequently interact with each other in meaningful ways, and that you'll often want to drill down on a given insight using "follow-up" Ws. Note these interactions and drill-downs and allow them to generate further insight into the contextual nature of demand for your product. Often the deepest insights lay in these pockets.

Gatorade: a brief example of the 5 W's in action5W's marketing strategy innovation gatorade example
Let's take Gatorade, that cold, refreshing beverage that most of us have purchased at some point in our lives. Reaching into our magic hat of W's, we come up with "Where?", leading us to ask, "Where might the need for Gatorade arise?"

Given that Gatorade is 'the ultimate thirst quencher', I begin to think of places where the need for thirst-quenching is likely to arise. A few examples that come to mind include basketball courts, hot climates (e.g., Phoenix, The Mojave Desert), marathons, and the Dead Sea.

Let's reach into the hat again... this time I pull out "When?", leading us to ask, "When might the need for Gatorade (thirst-quenching) arise?" Some initial thoughts that come to mind include summertime, playing sports, during a long hike, the morning following a night of drinking, a few hours after eating extremely salty food, and last but certainly not least, during a prolonged bout of diarrhea.

Let's now drill down on one of the "When's" - during a prolonged bout of diarrhea - and ask, "Where might such bouts occur?" One thought that comes to mind is certain poor villages around the globe where outbreaks occur regularly. Gatorade could be used in such places to quickly rehydrate people, especially children, who can die from the dehydration caused by the outbreak. Needless to say the potential benefits to Gatorade, the Gatorade brand, and the people of such villages would be numerous.

5 W's Recap
How to use the 5W's for developing marketing strategies & for business innovation likely merits an entire book; perhaps we'll put one together in the near future. Hopefully in this post I've given you a little taste of how one of the bedrocks of journalism can also serve as a potent tool for marketers & innovators alike. Much more to come.





More posts on the 5 W's:

read more

Marketing & the 5 W's: why every marketer should take a journalism class

Journalism 101. Who, what, when, where, why, how?... these key dimensions that are the marketing and journalismfoundation of journalism can also be used to design great marketing & segmentation strategies, and to turbo-charge your innovation efforts.

The 5 W's as they have been dubbed, can serve as a powerful tool for gaining deep insight into the contextual nature surrounding the need for and use of your product. I like to think of the 5W's as the marketing equivalent of an industrial-grade power shovel, allowing you to "dig deep" so you can get to those precious consumer gems that lay beneath your feet.

Context is king
Powering the 5W's is the essential notion that everything that we do is embedded in a context, and the better you, the marketer, understand the different contexts in which the need for/use of your product occurs, the better equipped you will be to develop marketing strategies or innovations that truly pop!

How do I use the 5 W's?
The simplest way to begin using the 5W's is to start with the most basic question and loop it through each W:
  • {When/Where/Why/How/For whom} might the need for my product arise?
Spend at least 5-10 minutes on each W, making a list along the way. Allow your thoughts to percolate; don't be afraid to make assumptions - you can always validate them in the future. Do the exercise again a day or two later - often the most insightful thoughts will come after a period of incubation.

As you begin to use the 5W's, one thing that will become clear to you is that one or two of the Ws will often be more relevant to your product than others. You'll also notice that the Ws will frequently interact with each other in meaningful ways, and that you'll often want to drill down on a given insight using "follow-up" Ws. Note these interactions and drill-downs and allow them to generate further insight into the contextual nature of demand for your product. Often the deepest insights lay in these pockets.

Gatorade: a brief example of the 5 W's in action5W's marketing strategy innovation gatorade example
Let's take Gatorade, that cold, refreshing beverage that most of us have purchased at some point in our lives. Reaching into our magic hat of W's, we come up with "Where?", leading us to ask, "Where might the need for Gatorade arise?"

Given that Gatorade is 'the ultimate thirst quencher', I begin to think of places where the need for thirst-quenching is likely to arise. A few examples that come to mind include basketball courts, hot climates (e.g., Phoenix, The Mojave Desert), marathons, and the Dead Sea.

Let's reach into the hat again... this time I pull out "When?", leading us to ask, "When might the need for Gatorade (thirst-quenching) arise?" Some initial thoughts that come to mind include summertime, playing sports, during a long hike, the morning following a night of drinking, a few hours after eating extremely salty food, and last but certainly not least, during a prolonged bout of diarrhea.

Let's now drill down on one of the "When's" - during a prolonged bout of diarrhea - and ask, "Where might such bouts occur?" One thought that comes to mind is certain poor villages around the globe where outbreaks occur regularly. Gatorade could be used in such places to quickly rehydrate people, especially children, who can die from the dehydration caused by the outbreak. Needless to say the potential benefits to Gatorade, the Gatorade brand, and the people of such villages would be numerous.

5 W's Recap
How to use the 5W's for developing marketing strategies & for business innovation likely merits an entire book; perhaps we'll put one together in the near future. Hopefully in this post I've given you a little taste of how one of the bedrocks of journalism can also serve as a potent tool for marketers & innovators alike. Much more to come.




More posts on the 5 W's:




read more

Marketers & the "us vs. them" illusion... take 3

Another helpful tool for marketers to use to further undermine the "us vs. them" illusion is as easy as a few Google searches and a couple of mouse clicks.

Open your web browser, hop onto Google or your favorite search engine, and track down some discussion boards or social networking sites that pertain to your industry and read away. You'll gain instance access to the voice of the customer, free of charge... no need for focus groups or expensive surveys.

Now, of course, I'm cognizant of the bias factors involved in this approach (e.g., reading the words of a self-selecting population). I would never suggest that a marketer take what she hears on some discussion boards and draw firm conclusions about customers - their current concerns, needs, friction points, etc. However, it's a heck of a solid way for generating hypotheses that can then be validated quickly using relevant market-research technologies.

Start doing this immediately. Block out 30 minutes a week on your calendar for "cruising" industry-relevant discussion boards. It's such a small investment, which over time will pay you back major dividends.
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Marketers and the "us vs. them" illusion... take 2

As I have written about in a recent post the "us vs. them illusion" is a powerful force that blasts its way into the minds of marketers while in the workplace. Marketers entering the hallowed halls of their office buildings is the corporate equivalent of Clark Kent stepping into a telephone booth and transforming himself into a completely different person.

To reiterate the point that I made in my prior post -- marketers tend to think of consumers as "other" - as something alien to themselves that must be studied, understood, and influenced. Even the use of the word "consumer" or "customer" has an innate distancing effect, propelling the "us vs. them" mindset.

In my prior post, I introduced the Purchase Journal, a simple tool for helping marketing managers get back into the skin of their customers through reflecting on their own "consumerness". In this post I'd like to introduce another helpful tool, which I call MyFavorites.

The MyFavorites tool, as with the Purchase Journal, facilitates inward reflection , helping marketers get more in touch with their "inner consumer voices". The MyFavorites tool centers around asking oneself questions such as:


  • What are my favorite brands/products/services and why?
  • What are the best (worst) customer experiences I have ever had? What was it about them that made them so great (terrible)?
  • What brands, stores, relationships have my full loyalty and why? Was their a particular experience that generated my loyalty, or a set of experiences over time? What was it about these experiences that helped to cultivate my loyalty?

While the above questions represent a brief glimpse at the MyFavorites tool, it should become clear from reading them that the key to MyFavorites, as with The Purchase Journal is to facilitate consumer-based self reflection. There are few more powerful skills that a marketer can develop than to seamlessly be able to ease into the skin of their customers - and MyFavorties is a very effective tool for developing such a capability.

To learn more about the MyFavorites - what it is and how to use it within your business, please feel free to contact me via email.







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