eLaunchers Blog

The Biggest Marketing Myth Ever

Posted by Russell Martino on May 4, 2018 3:30:00 PM

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Today I’m going to bust one of the biggest marketing myths that has ever duped a business owner. Belief in this marketing myth has sunk millions of businesses and caused millions more to struggle instead of prosper and do only a fraction of the business they could do every year.

As I blow this myth out of the water for you, think about how accepting the seductively simple idea the myth imparts may affect any business, yours included... ok... here we go.

This myth, which has been around a long time, was popularized in the Kevin Costner movie, Field of Dreams. The theme of the movie and the myth it perpetrates -- Build it and they will come -- is responsible for more business struggle and business failure than you can imagine and here’s why...

"Build it and they will come" implies opening a business is all it takes to succeed. It implies the only thing that matters is what the owner wants and what customers want is secondary at best.

"Build it and they will come" implies it’s the customers’ responsibility to find you... and that when they do find you through some mystical process, they should choose you above all competitors just because you exist.

Of course this is absurd and anyone who’s been in business more than fifteen minutes knows it so what makes the idea of ‘build it and they will come’ so insidious? How is it detrimental? How does the idea of build it and they will come show up and damage businesses that advertise and go out of their way to attract customers?

Here’s your answer...

"Build it and they will come" mentality leads to marketing and advertising that amounts to little more than announcing a company is in business and telling potential customers to contact the company immediately because they are in business and have a cute saying, a building and a logo.

The "build it and they will come" marketing mentality focuses on the company and gives a customer no reason to do business. Companies that market this way and stay in business succeed in spite of their marketing and advertising, not because of it and can do substantially more business with a different approach.

Build it and they will come is the myth.

The truth is, the better you understand your customers and speak directly to their wants and needs, the more likely you are to capture their attention in a meaningful way and have them reaching out to you. You need to make it clear you understand what they want and show them how you can help them get it better than any other company.

So here’s the bottom line, if your goal is to connect with your prospective customers so effectively they ignore competitors and contact you essentially ready to do business then focus on your customers, develop messages that engage their emotions and demonstrate you truly understand what they want and need.
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Kind Words from Ryan Deiss @ Inbound 2018

In this blog, we share what we learned from our reading and our experience. We publish two articles a week. Our blog editor David J. Dunworth reads, researches and interview industry experts to write these articles. We also get articles contributed by others that David publishes periodically to this blog. If you have a blog idea or blog article, kindly send it to ddunworth@elaunchers.com for review.

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