The challenge of the first

Ever thought about how markets happen, how the emerge, how they grow?

A new market has to have a first customer, most marketers look to the value proposition, the competitive landscape, the distribution channels, the mechanics of manufacturing, the service offering, but that is not all it is, there is another factor usually overlooked.

Somewhere, sometime, there needs to be a first customer, then a second, and with luck those will tell their friends the product is good, and the ball will start rolling. 

However, for every new customer, there must be a first time, they must be persuaded to buy into a new market or product category, to overcome the barriers of habit, reluctance to take a risk, to be different, to move from something that they know is OK to something they have heard may be better. 

I have not yet bought a Smartphone, but I suppose I will at some point, when the pressure is sufficient to get me to buy one, but that will be the first time I buy a Smartphone, it will be a hurdle, the second one will be much, much easier.

Getting people to  buy their first is the key hurdle of any new market.

About strategyaudit

StrategyAudit is a boutique strategy and marketing consultancy concentrating on the challenges of the medium sized manufacturing businesses that make up the backbone of our economy. The particular focus is on their strategic and marketing development. as well as the business and operational efficiency improvements necessary for day to day commercial survival. We not only give advice, we go down "into the weeds" to ensure and enable implementation.
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