The Law of Sacrifice - You Have to Give Up Something in Order to Get Something
- Author Michael Farrell
- Published February 2, 2011
- Word count 1,195
The Law of Sacrifice is the opposite of the Law of Line Extension. If you want to be successful today, you should give something up.
In the world of business and marketing, there are three areas to sacrifice: product line, target market, and constant change.
The first area to review is the product line.
Where is it written that the more you have to sell, the more you sell?
Marketing is a game of mental warfare. It's a battle of perceptions, not products or services. In the mind of the prospect, Eveready was the long-time leader in batteries and then new technology arrived-as it does in most industries. The first technology to change the battery business was the heavy-duty battery. What would you call your heavy-duty battery if you had the No.1 name in batteries? You'd probably call it the Eveready heavy-duty battery, which is what Eveready did. Soon after, the alkaline battery arrived. Again, Eveready called it the alkaline battery. It seemed to make sense.
Another company, P.R. Mallory then introduced an alkaline batteries only product line and the company gave the line a better name; it called them Duracell.
The power of the sacrifice (meaning it gave up a broad product line) for Duracell was in being able to put the "long-lasting battery" idea in the mind of the customer. Duracell lasts twice as long as Eveready said the advertising.
As a result of this success, Eveready was forced to change the name of its alkaline battery to "the Energizer" but it was too late. Duracell had already become the leader in the battery market.
One more example of the law of sacrifice is from the retail industry. Many retail chains that are successful have a pattern or formula of a narrow focus with in-depth stock. Here are some examples.
In the retail field, generally the big successes are the specialists:
-
The Limited - Upscale clothing for working women.
-
The Gap - Casual clothing for the young at heart.
-
Benetton - Wool and cotton clothing for young swingers.
-
Victoria's Secret - Sexy undergarments.
-
Foot Locker - Athletic shoes.
-
Banana Republic - Safari wear.
(When a clothing chain with a name like Banana Republic can be successful, you know we live in the age of the specialist.)
Let's review the second area of sacrifice which is the target market.
Where is it written that you have to appeal to everybody?
Take the cola field. Coca-Cola got into the prospect's mind first and built a powerful position. In
the late fifties, for example, Coke outsold Pepsi more than five to one. What could Pepsi-Cola do to go against Coke's powerful position?
In the early sixties, Pepsi-Cola finally developed a strategy based on the concept of sacrifice. The company sacrified everything except the teenage market and then it brilliantly exploited this market by hiring its icons: Michael Jackson, Lionel Richie, and Don Johnson.
Within one generation, Pepsi closed the gap and to be within 10 percent of Coca-Cola in total U.S. cola sales. (In the supermarket, Pepsi-Cola actually outsells Coca Cola.)
In spite of Pepsi-Cola’s success the pressure for enlarging the tent is always present. In the mid 80s, it succumbed to the temptation and according to a report in Advertising Age, "Pepsi-Cola Co. had outgrown the Pepsi generation. In a major marketing shift, flagship Pepsi will be pitched as the soft drink for the masses."
"Gotta have lt" became Pepsi's new theme and the advertising promotions showed older people like Yogi Berra and Regis Philbin drinking Pepsi.
According to Fortune magazine, "Coca-Cola is still the world's most powerful trademark. When an also-ran like Pepsi-Cola develops a narrowly focused strategy that puts it within an eyelash of the leader, why would it change its powerful strategy?"
Finally, the third sacrifice area is constant change.
Where is it written that you have to change your strategy every year at budget review time?
If you try to follow the twists and turns of the market, you are bound to wind up off the road. The best way to maintain a consistent position is not to change it in the first place.
A little over 20 years ago, People Express was a startup airline carrier and it had created a brilliant "niche" position. It was the no-frills airline that flew to no-frills cities at no-frills prices. People used to get on a People Express plane and say, "Where are we going?" They didn't care as long as it was cheap enough.
What did People Express do after it became successful? It tried to be all things to all people. It
invested in new equipment like 747s. It started to fly the heavily traveled routes to places like Chicago and Denver as well as Europe. It also bought Frontier Airlines. It added frills like first-class sections.
People Express then promptly lost altitude and only escaped bankruptcy court by selling itself to Texas Air which did it for them.
Good things come to those who sacrifice.
It takes a while but many Internet Marketing entrepreneurs learn the Law of Sacrifice. They learn to identify their target market, focus on promoting products that will appeal to the target market, and to stay the course with persistent effort and not have constant change.
To accomplish this, they use various methods, tools, and follow a traffic formula to build relationships with their leads and customers. They build websites that create trust. They collect name and email addresses using an Optin form on a Landing Page. They use email systems with both auto-responders and broadcast capabilities in order to send messages to their leads and customers. These email messages frequently send information, provide knowledge, and occasionally promote an offering. Many Internet Marketing entrepreneurs learn that leads and customers do not like to be sold to however they will browse and shop. Over an extended period of time, skilled Internet Marketers are able to use hypnotic writing skills, in their marketing campaigns, to get leads and customers to take the action they want. This is how they learn to identify a target market, stay focused, and add value to their target market. They learn to leverage the equity in their list and be successful in the world that includes the Law of Sacrifice.
It looks easy but marketing is not a game for amateurs. Marketing is not a battle of products. It is all about the strategy you use to benefit from the Law of Sacrifice as you have to give up something in order to get something.
You can find out more about Internet Marketing and home-based businesses by reading updates that will be posted at my blog over the next few weeks.
Finally, a great book to read is "The 22 Immutable Laws of Marketing" by Ries & Trout. It is the source of some of the material provided in this article.
In closing, be sure to meet me at my website, WhoIsMikeFarrell, learn some tips about being No 1 on Google at apenIbiz My Go-To-Market Partners, my affiliate website, and learn how to be savvy with your money like the insiders at aspenIbiz The Conspiracy For Your Money blog.
http://aspenIbiz.blogspot.com Mike Farrell is a Marketing Consultant, works with businesses to use Internet Marketing for their advertising and PR needs, and develops campaigns that drive highly qualified traffic to online properties for commercial purposes.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Decoding the Enigma: How “Understand Your Cat” Finally Lets Humans Speak Fluent Feline.
- Everything You Need to Know to Protect Your Dog’s Wellbeing and Extend Their Lifespan.
- Roots of Renewal: How Organic Gardening Restores the Earth and Nourishes Homegrown Abundance.
- Maximalist Holiday Magic: Embroidered Window Toppers, Jewel Tones & Vintage Doors
- Embrace Holistic Well-Being with Thoughtful Yoga & Meditation Essentials
- Effortless Holiday Resort Style: Boho Skirts and Handmade Treasures
- Cyber Monday Lash Shopping Guide: Build a Complete Holiday Eye Look with Soft Magnetic Lashes
- The Ultimate Black Friday Guide to Soft Magnetic Lashes
- Why Recurring Income Streams Are the Smartest Way to Build Real Wealth in 2025 and Beyond.
- Woodsy Retreat with Rustic Modern Farmhouse Carved Doors
- How To Train Your Staff For A Successful Fire Safety Inspection (A Guide For British Businesses)
- The Simple Changes Every Driver Can Make To Reduce Their Carbon Footprint
- From Obscurity To Spotlight: Elevating 5 Underappreciated Instruments In Modern Music
- Proven Strategies for Earning Serious Money Through Digital Products in 2025.
- Unlocking Wealth in the World's Largest Marketplace: Why Amazon Remains the Ultimate Money-Making Machine in 2025.
- Tracing Roots in the Digital Age: How Modern Genealogy is Revolutionizing Family History Research.
- Unlocking Primal Vitality: How the Paleo Diet Can Transform Your Health and Energy in the Modern World.
- New Shipment From India! Nature’s Harmony Carved Doors + Free Shipping Black Friday Deal
- New Arrivals: Artisan-Crafted Heritage Revival Furniture Collection
- How to Realistically Earn $1,000 a Day Online: The Path That Thousands Have Already Walked.
- Carb Cycling for Weight Loss: The Science-Backed Strategy That Keeps Metabolism Revved and Fat Burning High.
- Why You Should Look After Your Pets: The Lifelong Rewards of Responsible Care for Cats and Dogs.
- Etsy in 2025: Navigating Trends, Growth, and Opportunities in the Handmade Marketplace.
- Unlocking Profits: How Anyone Can Make Money with ChatGPT in 2025.
- Cultivating Nature’s Bounty: The Comprehensive Guide to Organic Gardening Success.
- The Science, Myths, and Strategies for Healthy Longevity
- Build Strength, Endurance, and Longevity.
- Email Marketing: The Timeless Strategy Driving 40x ROI in 2025.
- The Keto Revolution: Unlocking Peak Health Through Low-Carb Mastery.
- Intermittent Fasting: The Complete Guide to Transforming Your Health, Energy, and Longevity.