- #22 immutable laws of marketing al ries pdf how to#
- #22 immutable laws of marketing al ries pdf trial#
Law #3: Be the First Brand in Consumers’ MindsĪlthough Law #1 states that you need to be the first in the marketplace, Law #3 amends that principle: Above all, you need to be first in consumers’ minds -when consumers think of the product you sell, they should immediately think of your brand. For example, when Charles Schwab opened a brokerage firm, instead of competing with existing firms, he made his the first discount brokerage firm. You don’t have to entirely change your product-just find something that sets it apart. If you have a great product but another company was already first in that market, create a new category in which you are first. Law #2: If You Can’t Be First, Create a New Category Furthermore, the first entrants in a particular market tend to remain the market leaders over time, even if late entrants have higher-quality products. People remember firsts, and companies that are first to enter their markets are typically more successful than those that follow, even if the latecomers have better products. Use the following laws to make sure your product is consumers’ first choice. The most successful brands are those that are considered the defaults in their categories. In every major product category, there’s one brand that immediately comes to consumers’ minds.
#22 immutable laws of marketing al ries pdf how to#
The first four immutable laws of marketing focus on how to be the top choice within your market.
#22 immutable laws of marketing al ries pdf trial#
Like this article? Sign up for a free trial here. Shortform has the world's best summaries and analyses of books you should be reading. This article is an excerpt from the Shortform book guide to "The 22 Immutable Laws of Marketing" by Al Ries and Jack Trout.