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The 22 IMMUTABLE LAWS of MARKETING (2)
10-13-2014 06:51 PM
#1
cmdeal (Veteran Member)
The 22 IMMUTABLE LAWS of MARKETING
One of my team members asked me to review her work this morning. I took one look at it and told her that she should first read the book The 22 Immutable Laws of Marketing and afterwards revise her work.
Later this afternoon, she gave me her second draft, and the difference was like night and day.
The book is old, but it is a classic.
If for whatever reason you can't get hold of it, at least make sure you read and internalise this summary below.
Ignore them at your own peril!
The 22 Immutable Laws of Marketing
By Al Ries and Jack Trout
Summary:
1) The Law of Leadership: It is better to be first than be better
2) The Law of the Category: If you can’t be the first in a category, set up a new category that you can be first in
3) The Law of the Mind: It’s better to be first in the mind than to be first in the marketplace
4) The Law of Perception: marketing is not a battle of products, it’s a battle of perceptions
5) The Law of Focus: The most powerful concept in marketing is owning a word in the prospect’s mind
6) The Law of Exclusivity: Two companies cannot own the same word in the prospect’s mind
7) The Law of the Ladder: The strategy to use depends on which rung you occupy on the ladder
8) The Law of Duality: In the long run, every market becomes a two horse race
9) The Law of the Opposite: If you’re shooting for second place, your strategy is determined by the leader
10) The Law of Division: Over time, a category will divide and become two or more categories
11) The Law of Perspective: Marketing effects take place over an extended period of time
12) The Law of Line Extension: There’s an irresistible pressure to extend the equity of the brand
13) The Law of Sacrifice: You have to give up something in order to get something
14) The Law of Attributes: For every attribute there is an opposite, effective attribute
15) The Law of Candor: When you admit a negative, the prospect will give you a positive
16) The Law of Singularity: In each situation, only one move will produce substantial results
17) The Law of Unpredictability: Unless you write your competitor’s plans, you can’t predict the future
18) The Law of Success: Success often leads to arrogance, and arrogance to failure
19) The Law of Failure: Failure is to be expected and accepted
20) The Law of Hype: The situation is often the opposite of the way it appears in the press
21) The Law of Acceleration: Successful programs are not built on fads, they are built on trends
22) The Law of Resources: Without adequate funding an idea won’t get off the ground
10-15-2014 02:41 PM
#2
caurmen (Administrator)
I'm a big fan of Ries and Trout's work in "Positioning", but I don't think I've read "22 laws". Shall pick it up!
Many of these are more than rules of marketing - they're rules of life!
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