How Success is Misunderstood

September 29, 2010

How do you define success? Number of leads generated? Amount of sales or deals closed? If you answered “it depends”, then you’re thinking smart. Success can be based on a number of different factors and it also varies based on who you talk to, after all, we all have different objectives (personal and professional).

Now let’s go one step further. If you see another company being successful (however you define success) and you try to apply the same method, can you guarantee you will also achieve success? If you said “it depends”, you just got yourself an extra point! As marketers we all know it’s not that simple. Questions about what the target market is, what industry are you talking about, and such are the first things that come to mind. A method of selling hot-dog on the street can be used to sell software, but I wouldn’t follow it by the letter.

That’s why it still amazes me that discussions about following a formula for success often get stuck in how you define “success” instead of discussing the differences between target markets. If you are a blogger and your readers are software entrepreneurs, you can’t really expect that the bag of tricks used to attract social media consultants will work the same way. A B2B company applying tactics used by B2C companies can be very successful but only after some necessary translation is done.

How do YOU define success and do you have a special formula?

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