Of all the professional fields to come to grips with, I struggled the most with Marketing. By character and education, I lean to the rational and analytical. But Marketing and its practitioners I met seemed anything but that. Then one day, running some training session with a colleague, she taught me a significant insight and everything changed.
The training session in question was for the next generation of high potentials, emerging leaders who got brought together for a crisp but deep introduction to what all departments were doing. For the Sales & Marketing portion, I was talking about pricing, new product introduction processes and other such go-to-market type. My colleague complemented that with a crash course on branding, customer segmenetation and communication and that sort of stuff. While we were building the lecture together, she came up with a beautiful example to illustrate the “Positioning” concept. That was the first time it dawned on me that there genuinely are first principles to discover and study in the Marketing field – which honestly I could have realized a lot sooner, considering it is the subject of serious academic research as opposed to, say, astrology.
The Positioning example came from a 2014 Harvard Business Review case study. It involved a company called Quidel, manufacturers of the first commercial pregnancy test in 1983. Although this is one product, Quidel realized they had two very different groups of customers. The “hopefuls” try to conceive and are hoping for a positive result of their pregnancy test. The “fearfuls” on the other hand look for confirmation that they are not pregnant. So Quidel took two different approaches to cater to both groups. For the fearfuls, they called the product “RapidVue” and sold it in a clinical-looking box in the same aisle as contraceptives. For the hopefuls, they packaged a “BabyStart” product in a much warmer and natural design, complete with a photo of a smiling baby, and placed it in a different part of the store. They also priced it 50% higher. Quidel also communicated in a different way to both groups, emphasizing things like quality to the fearfuls but having a more emotional narrative of hope and excitement to the hopefuls.