You can’t change a mind once a mind is made up. Summary: It’s better to be first in the mind than to be first in the marketplace.īeing first in the marketplace is important only to the extent that it allows you to get in the mind first. When you’re the first in a new category, promote the category. Few people are interested in what’s better. When you launch a new product, the first question to ask yourself is not “How is this product better than the competition?” but “First what?” In other words, what category is this new product first in?Įveryone is interested in what’s new. It’s not as difficult as you might think. If you didn’t get into the prospect’s mind first, don’t give up hope. Summary: If you can’t be first in a category, set up a new category you can be first in. Marketing is a battle of perceptions, not products. If you’re introducing the first brand in a new category, you should always try to select a name that can work generically. One reason the first brand tends to maintain its leadership is that the name often becomes generic (e.g. People tend to stick with what they’ve got. Timing is an issue-your first could be too late.
Not every first is going to become successful. The leading brand in any category is almost always the first brand into the prospect’s mind.
In today’s competitive environment, a me-too product with a line extension name has little hope of becoming a big profitable brand. It’s much easier to get into the mind first than to try to convince someone you have a better product than the one that did get there first. Summary: It’s better to be first than it is better. The 22 Immutable Laws of Marketing Summary Chapter 1: The Law of Leadership
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