Where Can You Put Your X?
Jul28
In marketing, knowledge is essential to making the correct decision. It is easy to assume that you know what your buyers need, but what do your prospects need? Asking the right questions, knowing where to look for customers and knowing what not to waste your time on make a marketers life just a bit easier. As you can see from the following story from KBI Group, knowledge is essential.
Confounded by a defect in a complex system of
machines, General Electric’s experts called upon
retired electrical engineer Charles Steinmetz for
assistance. After walking around and testing various
devices, Steinmetz produced a piece of chalk from his
pocket and drew an “X” on a specific part of the
machine. GE workers disassembled the machine and
found that the problem was exactly where Steinmetz
had marked the “X”.
Steinmetz sent General Electric a bill for $10,000.
When they protested, Steinmetz mailed an itemized
charge:
Making one chalk mark – $1
Knowing where to place it – $9,999
Becoming the expert will lead others to ask for you to help instead of asking your price.
Be unconventional, find where to put the X, and back it up with knowledge. Take some time to read a book, article or a white paper. Sign up for a class. Learn 1 thing that your competition doesn’t know.
Become the expert, the one who accepts the call, not the one who calls someone else.
POWER ON–Mark