This Little-Known Strategy is Transforming Marketing

How Evidence-First Marketing Can Beat the Dreaded Black Box of Consumer Behavior.

By Atma

So-called marketing gurus hate this

It’s the new “follow the money” approach that’s disrupting old models that are idea or product-centric. Models that can’t defeat the ever-present black box that obscures consumer decision-making. Even billion-dollar companies fail to escape the “black box” trap, where uncertainty dooms new products and services. We’re talking epic failures like Apple’s Newton, Google Glass, and Amazon Auctions.

In the evolving landscape of marketing, the traditional paradigms that once dominated the field are undergoing a transformative shift. “Unleashing the Power of Marketing as a Service using Evidence First” delves into the revolutionary Marketing as a Service (MaaS) approach. This approach transcends the conventional product-centric strategies, pivoting towards a more holistic, customer-centric model. By placing the empowered consumer—armed with preferences, needs, and purchasing power—at the epicenter of marketing endeavors, MaaS challenges the age-old norms. Instead of allowing the inherent attributes of a product or service to dictate the narrative, the user base, with their distinct demands and financial readiness, becomes the driving force behind every marketing decision. This academically referenced article explores the intricacies of this paradigm shift, elucidating the potential of an evidence-first approach in maximizing the efficacy of MaaS.

Learn to beat and even blow up the dreaded black box of consumer behavior.

Yes, a Paradigm Shift

The traditional marketing approach revolves around creating a product or service, branding it, and sharing it with the public, hoping to generate interest and sales. However, a new paradigm in digital marketing is emerging, known as Marketing as a Service (MaaS). This innovative approach profoundly widens the chances of success for businesses by altering the order of operations, focusing on the ideal audience, and tailoring the product or service to their specific needs (Brown, 2020).

Unleashing the Power of Marketing as a Service Using Evidence First

The MaaS approach shifts the focus from product-centric to customer-centric, putting the audience at the heart of the process. Instead of letting the product or service drive the messaging, the user base with money in hand drives the entire process (Gupta, 2021). This approach involves three key steps:

  1. Messaging and branding tests: These tests identify the ideal audience looking for the specific service described in the messaging test (Kotler & Keller, 2016). Businesses can tailor their marketing strategies more effectively by understanding what resonates with the target audience.
  2. Identifying specific needs: Once the ideal audience is identified, marketers can pinpoint particular services or product features that resonate with them. This enables businesses to create offerings that cater to an existing audience ready to buy (Chaffey & Ellis-Chadwick, 2019).
  3. Configuring the service or product: With a clear understanding of the audience’s needs, the service or product can be adjusted accordingly. The final result might be identical to the initial concept or involve a slight shift to meet consumer demand more effectively (Hollensen, 2015).

In this way, marketers follow the evidence rather than the entrepreneur’s intuition.

A “Follow the Money” Model

Marketing as a Service adopts a “follow the money” model in which psychology and creativity are employed to unearth pent-up desires that exist but are not explicitly expressed (Ryan, 2019). This strategy improves the odds of success by targeting multiple potential markets instead of aiming at a single, hidden target.

Move the Fulcrum in Your Favor

The MaaS approach offers a revolutionary alternative to the standard “build-brand-sell” model by prioritizing the customer’s needs and desires (Sheth & Sisodia, 2015). By leveraging data-driven insights and focusing on audience preferences, businesses can create tailored products and services with higher chances of success in the market.

Unraveling the Black Box of Marketing

The black box of marketing represents the uncertainty that every new product or service encounters. Even companies with abundant resources and top talent have failed to escape its grasp, as evidenced by Apple’s Newton, Microsoft’s Zune, Google Glass, Google Wave, Google+, Google Video, and Facebook’s Home (Gupta, 2021).

However, some of today’s most successful startups have emerged from the black box by adapting to what the world wants rather than sticking to their original product or service concept. Examples of such adaptability include:

  • Slack, which began as a communication protocol for a failed gaming developer (Lunden, 2014).
  • YouTube, originally a video dating site before pivoting to a platform for user-generated content (Bellis, 2019).
  • Twitter, which started as Odeo, a podcast subscription site, before transforming into a microblogging platform (Sarno, 2009).
  • Netflix, which evolved from a mail-order DVD rental service to a dominant streaming platform (Keating, 2012).
  • Groupon, initially an early crowd-sourcing fundraiser before becoming the world’s largest online coupon destination (MacMillan, 2011).
  • Shopify, which repurposed its failed online snowboard shop into a widely used e-commerce platform (Shopify, n.d.).

The MaaS Model: RAPID Approach

To build adaptability into the marketing process, MaaS employs a systematic methodology. One published example of this methodology is the Davachi RAPID approach, which stands for Research, Analyze, Plan, Implement, and Decide. RAPID is an evidence-based strategy that minimizes the influence of emotions on decision-making, resulting in better outcomes (Davachi, 2020).

The RAPID sequence in MaaS consists of:

  1. Research: Conduct traditional marketing research to test hypotheses and generate evidence.
  2. Analyze: Evaluate the results of the marketing tests to determine the next steps.
  3. Plan: Prioritize marketing options based on evidence gathered, including channels, funnel type, content type, and automation tools.
  4. Implement: Utilize AI automation and low-cost support staff to create content, manage ad spending, and continue testing creative strategies.
  5. Decide: Continuously review the results, optimize marketing funnels, and leverage machine learning for deeper insights as the dataset grows.

Transform, Adapt, Succeed

Marketing as a Service offers a transformative approach to boost business success by shifting focus from the product or service to the target audience and their needs. By building adaptability into the process and employing an Evidence methodology, businesses can better navigate the black box of marketing and emerge as successful, adaptable enterprises.

Your always well-wisher,

Atma

P.S. If your marketing endeavors have left you wanting more, discover how we can elevate your company’s growth at www.growthbastards.com

 

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