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PROFESSIONAL SERVICES BUSINESS DEVELOPMENT AND MARKETING INSIGHTS

| less than a minute read

No one ever got fired for buying IBM.

In the 1980s this phrase was used widely to justify buying from an incumbent supplier of pretty much anything. It suggested that by sticking with a proven brand, the individual could mitigate the risk of getting a decision wrong; that sticking with the status quo was a good idea. 

For IBM as a brand this was gold dust - as the referenced article points out, IBM never made the claim but they did manage to position their brand in such a way that their customers would use this phrase as a truism.

For today's Business-to-Business brand builders, there's an interesting point here. Fear of loss is much more powerful than desire to gain and if that fear can be harnessed, a premium can be charged for both products and services. 

Now, you can see why the phrase ‘No one ever got fired for buying IBM’ is so powerful. [By the way, this phrase wasn’t said by IBM employees; it was said by their customers.] What does this mean to your sales messaging?  If you want to get customers to make a decision to buy your product, you can’t just make a rational argument, and you can’t just talk about the benefits of your solution.  Instead, you have to help your customer see the pain associated with doing nothing. 

Tags

branding, b2b marketing, ibm