Sunday, February 10, 2008

"What Consumers Want... As a Marketer if you had the power to know..."

As a professional in the "Product Development" business I get to hear and know all the time, directly from consumers, middle men, sales reps, etc.; what kind of products and services the consumers want and desire.

However, as a person with operational and fiscal responsibility towards my company I have to evaluate objectively whether I 'can' and more importantly 'want' to respond to those demands by putting out a product/service that is financially viable for us, and meets the needs to the consumer also.

In my opinion the reason the marketing landscape is littered with stories of failed products and services is because marketers put too much faith in listening to what the consumer wants. Most marketer's also forget way to often and conveniently how fickle the consumer is and what they want and need is a puzzling dynamic to the consumer themselves.

If you see the most common and basic service almost all consumers want across the globe is 'good supportive customer service', however almost every major global organization fails to deliver on that one service repeatedly. Even the ones that have failed or are failing on this count were once evangelical about the merits of deploying good supportive customer service, yet have in the long term determined that 'not' offering good supportive customer service does not alienate customers once a significant user base has been built up. Is there a certain loss of dissatisfied users - absolutely, however the gain from new customers more than offsets the potential losses due to consolidation and lack of competition that is now becoming rampant in various industries.

What all consumers want is choice, but due to market dynamics and governmental regulations we keep limiting that option. So in the end do we really want to listen to the consumer or just use that as an excuse to gain false empathy with the consumer, similar to the way Mel Gibson used his powers in the movie? Point to ponder....

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