Fanatical Focus: A Common Element in Successful Businesses
Much has been written about the key to running a successful business.
One of the most commonly identified methods, and probably the scariest
to most business owners, is narrowing the company’s focus.
Why is this important? Consumers are bombarded with advertising messages
every day of their lives. You cannot possibly own more than a small segment
of their attention span. The key is your positioning in the prospect’s
mind. Your position must be singular and set you apart from the competition.
Dominos® successfully owned one position in the pizza business:
speedy delivery. They didn’t get caught up in trying to advertise
the largest or freshest pizza or even promoting value. They were
smart enough to look at the market and identify a position they
could own. Federal Express® accomplished the same feat in the
delivery business. They owned the “guaranteed overnight”
status. These positions have become synonymous with the brands themselves.
If your business stands for one distinct thing, you will have the
competitive advantage and own your position statement. While this
is a simple strategy and used commonly by successful companies and
even presidential campaigns, many business owners fear that they
will lose business if they focus on one position.
Dominos® and Federal Express® obviously do not agree with
that thinking. By focusing on one message, they came to own that
position, but didn’t sacrifice other opportunities in international
delivery or in delivering quality pizza. By narrowing their focus,
they actually broadened their appeal. This same principle can work
in your business. It can even help prioritize your resources and
improve your marketing results by repeating the same message time
and again. |