Estimated reading time: 2 minutes, 48 seconds.
TODAY’S IDEA:
How to apply the Law of the Category to your benefit.
— From The 22 Immutable Laws of Marketing: Violate Them at Your Own Risk! by Al Ries and Jack Trout (read a sample or watch an animated video summary of the book).
“What’s the name of the third person to fly the Atlantic Ocean solo? If you didn’t know that Bert Hinkler was the second person to fly the Atlantic, you might figure you had no chance at all to know the name of the third person. But you do. It’s Amelia Earhart. Now, is Amelia known as the third person to fly the Atlantic Ocean solo, or as the first woman to do so?”
You just witnessed in action one of the 22 Immutable Laws of Marketing, the Law of the Category:
“If you can’t be first in a category, set up a new category you can be first in.”
As professionals, we are constantly selling either products, services, or our efforts (say, our work to our boss) and we tend to focus on “better.” But better naturally brings a comparison: better than what? Better than X we say. And then a further comparison ensues. Ok, better than X, but can you top Y? The bar is constantly being raised to unattainable levels if we just focus on better, better, better. Let’s think new instead.
Marketing gurus Al Ries and Jack Trout say that while “everyone talks about why their brand is better… prospects have an open mind when it comes to categories. Everyone is interested in what’s new. Few people are interested in what’s better.”
By promoting the category you are first in, you can differentiate yourself from the competition. And since every category has a leader, you can become this way the market leader in your category.
So, what category are you first in? Let me know in the comments!
ACTION
TODAY: Figure out what category you are first in. If you sell a product or service this should not be difficult, as what differentiates you from the competition is a way to define your category. If you are not in sales directly, you can create your own category in the work that you do. Are you the first to try some new strategy or method? Or the first to try out some new technology? Or the first to teach something to someone? There are so many firsts that come to mind! What can you do that can give you a leg up, and create a category of “you did this first” in the mind of the people you report to? If you can’t come up with anything, check out this post: There is no such thing as a shortage of ideas or ping me and I can help.
FUTURE: One of the ways in which you can constantly create value is by reinventing yourself, your business/work, and your categories. Make a point to review your categories at least twice a year. Are you still dominant in the one you chose? If so, congrats and keep on going. Are you still dominant but many competitors are trying to snatch your title? Come up with another, complimentary category. That way you’ll have the strength of the first one plus the additional one, and this will certainly be a further differentiator in your clients’ minds.
Know someone who can benefit from reading this post? Please share it with them via email, Facebook or Twitter — thanks a lot!