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In Selling the Invisible, Beckwith argues that what consumers are primarily interested in today are not features, but relationships. Even companies who think that they sell only tangible products should rethink their approach to product development and marketing and sales. For example, when a customer buys a Saturn automobile, what they're really buying is not the car, but the way that Saturn does business. Beckwith provides an excellent forum for thinking differently about the nature of services and how they can be effectively marketed. If you're at all involved in marketing or sales, then Selling the Invisible is definitely worth a look.
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I bought this book because I thought it might be relevant to "gold collar workers", those who manufacture and sell knowledge that is quite "invisible" or intangible. What a great book this is! Every person that relys on their brain for a living, whether as an employee or consultant or teacher, can double their *perceived* value by reading and applying the lessons of this book.
A few of the author's well-discussed and well-illustrated ideas are offered here to complement the many other favorable reviews:
1) Simplify access to your work! [Learn how to create executive summaries, tables of contents, hyper-links, etc.--don't assume that everyone knows your value and is willing to spend time digging into your work.]
2) Quality, speed, and price are *not* in competition, they must be offered simulaneously and at full value.
3) What is your promise or value proposition? Are you just showing up, or does every day offer a chance for you to show your value in a specific way?
4) Don't just be the best in your given vocation, *change it* for the better and redefine what "best" means!
5) Sell your relationship (and your understanding of the other person's needs), not just your expertise in isolation. Your boss or client has three choices and you are the last: to do nothing, to do it themselves, or to use you. Focus on being the first choice every time.
6) Execute with passion--and if you are a super-geek or nerd that does not have a high social IQ, form a partnership with a super-popular person and put them in front.
There are many other useful thoughts in this book. If you want to know how to sell the invisible, the intagible, the value propositions that revolve around knowledge and insight instead of bending metal and assembling things, this is absolutely the best book one could ask for. Really nicely presented.
Planning - 1.) Accept the limititations of planning 2.) Don't value planning for its result;the plan 3.)Don't plan your future plan your people. 4.)Do it now. The business obituary pages are filled with planners who waited. 5.)Beware of focus groups; they focus on today and planning is about tomorrow. 6.)Don't let the perfect ruin good. 7.)Don't look to experts for all your answers. Ther are no answers, only informed opinions.
How Prospects Think - 1.) Appeal only to a prospects reason, and you may have no appeal at all 2.) Familiarity breeds business; spread your word however you can. 3.)Take advantage of the recovery effect. Follow-up brilliantly.
Pointing and Focus - 1.)Stand for one distinctive thing that will give you a competative edge. 2.)To broaden your appeal, narrow your position. 3.)No company can position itself as anything, your prospects and customers put you there. Positioning is something the market does to you. You can only try and influence your position. 4.) Your position is all in the peoples minds. Find out what that position is. 5.)Focus. In everything from campaign for peanuts to campaign for presidents, focus wins.
Pricing - 1.)Don't assume that logical pricing is smart pricing. Maybe your price which makes you look like a good value, actually makes you look second rate. 2.)Setting your price is like setting a screw. A little resistance is a good sign. The reason 10% of the population are chronic complainers of price. 3.)Beware of the deadly middle in pricing. You communicate that as well... We are average. 4.)Beware of the rock bottom in pricing...you communicate we are substandard. 5.)Value is not a position.
Naming and Branding - 1.)Give your service a name, not an abbreviation 2.)Generic names encourage generic business. 3.)In service marketing almost nothing beats a brand. 4.)Building a brand doesn't take millions. It takes imagination.
Communicating and Selling - 1.)Make the service and the prospect feel compfortable 2.)Saying many things usually communicats nothing. 3.)Good basic communicating is good basic marketing. 4.)If you think your promotional idea might seem silly or unprofessional, it is. 5.)Prospects do not buy how good you are at what you do. They buy how good you are at who you are. 6.)Far better to say to little than too much. 7.)People hear what they see. Watch what you show. 8.)Give your marketing a human face.
Nurturing and Keeping Clients - 1.) Watch your relationship balance sheet, assume it is worse than it appears and fix it. 2.)Don't raise expectations you cannot meet. 3.)To manage satisfaction, you manage your customers expectations. 4.)Out of sight is out of mind. If you are not meeting regularly, you are not in their mind.
Overall an excellent book that contains a lot of reasons as to why service marketing is different and how to keep yourself visible amongst the competition.
As the title indicates, selling and/or marketing an intangible service is a different process than tangible product marketing. As the author writes, most people cannot evaluate the skills of an accountant, or lawyer, or any number of professional services. We often look for tangible proxies that indicate the professional's level of expertise and success (e.g., fancy offices, degrees on the wall, presentation, etc.).
If you read this book in its entirety in one session, you are bound to remember nothing in the sea of facts and tidbits (click on the table of contents link to get a feel for the topic areas). I've found the best way to read the book is to ponder on a few points every night and/or week, while attempting to apply them to a salient situation in your life. Overall, this book has some interesting and useful insights, and is a good read when you have a few minutes to spare.