In a 2009 TED Talk, leadership expert Simon Sinek said, “People don’t buy what you do; they buy why you do it. If you talk about what you believe, you will attract those who believe what you believe.”
Do you know your company’s “why”? (Hint: It’s not to make money). Think about the core purpose of your business, and then think about how you market your products or services. Are they aligned? As Sinek has found by studying successful companies like Apple, Southwest Airlines, and Patagonia, having loyal customers is all about attracting the people who share your fundamental beliefs.
In each of these companies, and other similarly focused companies and organizations, leadership has flipped the typical business model upside down. Instead of leading a company’s marketing with the “what” of the company – the products and services they sell – followed by the “how” a company does what it does, companies that enjoy the strongest brand loyalty, which tends to translate into profit, lead with clarity on “why” they are in business and “why” they do what they do.
Ideally every product, service, and cause should exist to make a positive difference in people’s lives. Who would buy it or why do it, otherwise? What’s a positive difference? That depends on a person’s need; from making someone smile, to saving someone’s life and everything in between. At the end of the day, the “why” is your most powerful value proposition and not your product.
Your “why” sets you and your business or organization apart from your competition. Your “why” resonates and imprints on your customers’ psyche and emotions which helps shield your “what” from competing solely on price.
It’s your “why” that gets people talking about you and spreading your brand.
Once you are clear on your “why”, share it with your customers and your staff, and sprinkle it into all your marketing efforts. While you may have the best product or service on the market, sharing your “why” will help potential customers understand how working with you will benefit them.
Curious to hear more about what Sinek had to say? Join the over 27 million other viewers and watch his TED talk here.