Transforming business (NST Appointments, 23/04/2005)
Title: Purple Cow - Transform Your Business by Being Remarkable
Authors: Seth Godin
Publisher: Penguin Books
Availability: Major bookstores
Price: RM38.50
MARKETERS for years have used the five Ps (or more) of marketing -product, pricing, promotion, positioning, publicity - as guidelines forselling their products and achieving their company's goals. Most of them may also experience the reality that making the right marketing moves - with all these elements in place - doesn't guarantee success.
The dynamic of marketing is changing. It became clear that following the Ps is just not enough. This is why, according to marketing guru Seth Godin, an exceptionally important "P" has to be added to the list, and it is Purple Cow.
Cows, after you've seen one, five, or 10, are boring. A Purple Cow, though, would be something! Purple Cow refers to a product orservice that is different from the rest and somehow remarkable. Something remarkable is worth talking about. Worth noticing. Exceptional. New. Interesting. Boring stuff is invisible. It's a brown cow.
In Purple Cow, Godin urges readers to put a Purple Cow into everything they build, and everything they do, to create something truly remarkable and noticeable. It's a manifesto for marketers who want to help create products that are worth marketing in the first place.
As consumers nowadays are too busy to pay attention to advertising, marketers and business owners are advised to stop advertising and start innovating. If a product's future is unlikely to be remarkable, it's time to change the game. Instead of investing in a dying product, take profits and reinvest them in building something new. Also, intimately knowing your customers (especially your potential customers) will tell you how to reach them.
Purple Cow is a thought-provoking book that will have you thinking and rethink your business plan, and products or services. Each chapter ends with a key takeaway point that will leave you thinking hard about how you can implement the ideas into your own business or life.
The book is an easy read. Marketers, business owners and individuals will surely benefit from the remarkable coverage.