Tuesday, February 26, 2013

Making The Mark

It could have happened to any of us.

Any among us could react to a short-term emergency with a long-term mistake. Monday-morning quarterbacking aside, it's easy to make the wrong call when you're in that position. It's easy to grasp for the simplest solution while taking your eye off the long ball.

In the case of Maker's Mark, it was a problem of supply and demand — too little of the former and too much of the latter. The way MM handled that problem shows they forgot, somehow, that the "demand" part of that equation was a complement of the highest order, and an admonition to "don't ever, please" mess with the recipe.

The reduction of Maker's Mark from 90 to 84 proof was an attempt to stretch supply and meet demand. It was not intended to deliver a body blow to an elegant, successful brand. But that's what it did.

Any among us could make that kind of mistake, but not all could recover like Maker's Mark has. They did so by falling back on the most basic tenet of business: listen to your customer. After a week of uproar the company announced their reversal with this tweet:


Did they really save their brand that easily? Listen — they're still Maker's Mark. They're still 90 proof of bourbon perfection. Dipped in wax to seal the magnificence inside.

And that brief run of 84 proof bottles? Collector's items now. Maker's Mark lovers who were just last week cursing the brand now can't buy that stuff fast enough.

The C4:
  1. Maker's Mark Manhattan: shake together a shot and a half of MM, a half shot sweet vermouth, and a dash of bitters. Chilled glass, cherry garnish, and good, good times.
     
  2. Maker's Mark Old Fashioned: mix a part and a half MM with a half part club soda and a teaspoon of sugar. Serve over ice, sip it slow.
     
  3. Maker's Mark on the rocks: just like it sounds, but somehow so much better.
     
  4. The Maker's Mark takeaway: When the customer speaks, listen.

Tuesday, February 12, 2013

Is It Your Category?

Then kill it!

The march toward excellence brings its own rewards. Sometimes it also brings a really cool name.

For instance: category killer. Even if you’re unsure of the definition, you have to admit that’s a pretty awesome phrase, in a gritty film-noir kind of way.

"Category killer" comes to us from the world of retailing. A category killer is a specialty store, one that so dominates its category of offerings, that it effectively “kills” the competition in that area. The competition surrenders that category of merchandise, knowing that the “killer” has it all sewn up.

The Henry Bierce Company of Tallmadge has since 1910 been playing in one of the most competitive sandboxes imaginable: hardware and home improvement. Since the rise of the big-box hardware stores, family-owned stores like Bierce’s have been endangered and dwindling toward extinction.

But Henry Bierce is a category killer. The category is masonry. Oh, they have every other type of hardware you’re looking for, to be sure. But bricks and blocks, trowels and mortar tubs, along with the skills and experience that go with them — Bierce owns that category. There are no viable masonry competitors for miles around. There probably never will be, as long as there’s a Henry Bierce Company.

There are many disreputable, dishonest, even illegal ways to crush the competition. There’s one laudable and estimable way to do it, and it’s how Bierce did it: domination through excellence. Killing the category by being best at it. Showing your competition that it’s folly to take you on.

As we’re sure you’ve guessed, we’re not just talking retail anymore. Anywhere there’s a category of commerce, there’s an opportunity to kill it. If you’ve got competition of any kind, if you’ve got a category of any kind — you can assert your domination by claiming the title of “best.”

And that’s nothing less than what you were already going for. Right, killer?

The C4:
  1. Retail is where we all go for Selling 101. No matter what sort of commerce you’re engaged in, you can learn a lot about the theory and application of marketing from the folks who set up shop to do it every day.
  2. The pinnacle of that retail world is the category killer. This is the seller who knows his category so well, who can sell it and service it like none other, that effectively shuts down the competition through the force of his own awesomeness.
  3. Anyone can be a category killer. Anyone. And everyone should be striving for it.

  4. Next time you’re building a wall (or wanting to gaze upon a category killer), drive down by Tallmadge Circle and visit our friends at Henry Bierce. Conventional wisdom says Lowe's and Home Depot killed their category, so Bierce is the tottering dead and just doesn’t know it yet. Don’t believe it, Bierce will outlast us all. Bierce shows how you pick your category, work hard, pay your dues, and own it. Do that and your title couldn’t be more apt: Killer.