Posted on 09/04/2015, 09:50
P&G pioneered the use of a Concept Statement and uses them to deliver a seemingly endless stream of successful products into the market place. Many larger companies also use Concept Statements because they are a simple and effective way of ensuring that you and the customer are aligned.
A concept describes a product, service or brand and how it will improve a consumer’s life. In short it forces you to think about your product and service through the eyes of the customer – not a bad discipline
So what is a concept statement: the concept statement answers several very basic questions:
There are three basic components; the accepted “Consumer” belief; a single minded statement of Benefit; supporting reasons to believe:
Accepted “Consumer” Belief: This should create a context or perspective for the rest of the concept (the Single Minded Statement of Benefit and Reason to Believe) acknowledging the customer’s point of view with understanding and empathy and having them believe “You understand me”. If you were describing the pain / the problem to a group of your customers you should be getting nods. Put simply it is the rasion d’etre for the product or service.
Single Minded Statement of Benefit: The benefit statement is a promise which answers the question: “What’s in it for me?” It fulfils the customer need or want. Benefit statements can be tangible or emotional but must hold the promise of making the customer’s life better and should be single-minded (do not use the words and / or).
Reasons to Believe: We are a suspicious lot so the benefit statement must be supported with other key information answering the (unspoken) question “Why should I believe you?” You need to provide permission for customers to believe that the benefit will be delivered and their pain or problem resolved. It can be a feature (unique ingredient) or special process, or an endorsement. Brand equity also contributes.
Many companies use Concept Statements to help guide their product development. Others use them to crystallise their marketing messages. In both cases their use brings clarity of thinking and whilst the big boys use their resources to do expensive market research, this simple discipline need not be expensive; but be warned though, done properly it does test the little grey cells!
It’s not only Hagrid’s three headed beast of Harry Potter fame that goes by the name Fluffy. Marketing has been “accused” of being ‘fluffy’ by which it is meant that it is not measurable, not accountable and it is unclear how it impacts the business.Read More
So you have your marketing plan sorted out (if not, see our previous blog in this series for some useful pointers). Now you just need to make it happen.Read More
Those that plan … win! A good marketing plan dovetails with your business plan. Together they act as a navigation system for your business: assessing the conditions and setting the strategic direction.Read More