Marketing guru and genius Frank Kern admits a costly mistake.
He had produced at first 2,000 and then another 1,000 sets of his best marketing material containing 9 DVDs, a book, a 150 page special report, and a newsletter. Mid August 2008 he gave it all away for shipping cost only. Actually less than that, because it was a heavy box and Frank sponsored the cost out of his own pocket. This was not called a product launch, but a marketing experiment. A first time try for him and he, therefore, was not sure about the outcome at all.
The goal was to get as many new paying subscribers for his monthly printed newsletter as possible.
As everybody had expected the first offer of 2,000 sets was sold out in less than 1 hour (the kind of usual scenario with Frank's
launches/experiments) and the feedback from his “new customers” was excellent. They loved the stuff.
The first part of this marketing experiment worked quite well. Many of those who have ordered the “almost free box of good stuff” said,
“The best package they ever received.”
As a result many people
stuck with the newsletter for US$297.00 a month. Quite an expensive item, but obviously worth it to them.
However,
some people had a huge problem!
Overwhelm!
The single biggest complaint and reason for cancellation was,
“This is too much stuff!”
Those customers thought the materials they received in the first box will last them for several month and therefore they wouldn't be able to keep up with the new materials being sent each month.
The Big Lesson
- Don't Make Value Assumptions
- Don't force Your Values On Your Customers
Frank's values are obviously, “The more the better. Give me as much as you have. I will lock myself in a room for days and study it from A-Z”
His customer values were different, they'd prefer the “Give me chunks of info at a time” approach. They did not care for the “firehose” kind of attack.
What Frank thought will demonstrate immense value simply overwhelmed his prospects.
By forcing his values on them instead of honoring theirs, he lost the ability to serve them on a long term basis.
What should you do?
Build your products and campaigns with the end user in mind. Just because you like it, doesn't mean they will like it, too.
I keep this short and don't risk to overwhelm you. You can view Frank's original video message about this experiment on his blog as
Frank Kern's Marketing Disaster -- However I don't think I left out anything important… Only one thing. Frank has left 390 boxes of the last 1,000 made. He sells it now. Click the link above for details, if you are interested. Once they are gone, they are gone. I don't think Frank will give away comparable heavy boxes in the near future again.
Anyway, this is not a sales pitch.
So let me just repeat the main message here.
- Build your products and campaigns strictly with the end user in mind.
- Just because you like it, doesn't mean they will like it, too.
Yours
John W. Furst
http://blog.fcon21.biz/comment.php?type=trackback&entry_id=216
Frank Kern -- Internet Marketing Guru -- admits a recent mistake. He let's us learn from his lesson.
Tracked: Nov 07, 11:06