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	<title>The Gadget Blog &#187; Jayvee Fernandez</title>
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		<title>How to Spend Money to Help Your Competitors</title>
		<link>http://www.everyjoe.com/thegadgetblog/how-to-spend-money-to-help-your-competitors/</link>
		<comments>http://www.everyjoe.com/thegadgetblog/how-to-spend-money-to-help-your-competitors/#comments</comments>
		<pubDate>Tue, 12 Aug 2008 17:43:33 +0000</pubDate>
		<dc:creator>Rico Mossesgeld</dc:creator>
				<category><![CDATA[Press]]></category>
		<category><![CDATA[cellphone 9]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Jayvee Fernandez]]></category>
		<category><![CDATA[marketing dollars]]></category>
		<category><![CDATA[marketing economics]]></category>
		<category><![CDATA[maximizing marketing]]></category>
		<category><![CDATA[the iPhone again?!?]]></category>

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		<description><![CDATA[Fellow b5&#8242;er Jayvee makes a good point over at Cellphone 9:
After the conference, I approached him and asked him why the comparison has to be made to the iPhone all the time. I interjected that mentioning a competitor’s product during your own press conference made it sound more like a fit of desperation on your end. The truth is, the iPhone and his product are two different things.
It&#8217;s so easy to agree with this! While Jayvee makes a case for the apparent non-idiocy of tech and lifestyle journalists—who know that there are other products out there, it&#8217;s also fitting to [...]<p>Post from: <a href="http://www.everyjoe.com/thegadgetblog">The Gadget Blog</a></p>
]]></description>
			<content:encoded><![CDATA[<p>Fellow b5&#8242;er Jayvee makes a good point over at <a href="">Cellphone 9</a>:</p>
<blockquote><p>After the conference, I approached him and asked him why the comparison has to be made to the iPhone all the time. I interjected that mentioning a competitor’s product during your own press conference made it sound more like a fit of desperation on your end. The truth is, the iPhone and his product are two different things.</p></blockquote>
<p>It&#8217;s so easy to agree with this! While Jayvee makes a case for the apparent non-idiocy of tech and lifestyle journalists—who know that there are other products out there, it&#8217;s also fitting to concentrate on the economics of mentioning the iPhone. <span id="more-2527"></span></p>
<p>From personal experience, gadget manufacturers (and companies in general) spend a lot of money to wine and dine the media. Not to bribe them with free gadgets and all-expense paid trips mind you, but to make them feel comfortable as they present their products for the first time.</p>
<p>This profligate spending indicates two things: PR flaks (or at least those who are supposedly competing with Apple and the iPhone) don&#8217;t understand how to maximize the <em>free</em> exposure possible with the internets, and don&#8217;t really know how to maximize their valuable funds.</p>
<p>The point is that, why mention a competing product at all? You&#8217;ve spent so much money to rent a venue, send out invitations, and prepare some food. Not to mention the expense of setting aside review units for distribution to media, instead of selling them for a profit. <strong>Do you want to waste your budget on helping a competitor? Probably not.</strong></p>
<p>It&#8217;s as if pr companies and marketing managers are buying into Apple&#8217;s line that the iPhone is <em>the</em> best smartphone out there, and that competing with it is like scaling a sheer cliff to escape from rising lava; nearly impossible, but still required nonetheless. Talk about having faith in your own offerings!</p>
<p>Indeed, product managers should maximize what they&#8217;re paying for. Their events are all about <em>their</em> product, <em>their</em> competitive advantage, and <em>their</em> brand. And that&#8217;s what they should keep it about. Why mention a competitor, no matter how apparently prominent it is, and leave people-in-the-know sighing as they enjoy the free food and drinks?</p>
<p>Post from: <a href="http://www.everyjoe.com/thegadgetblog">The Gadget Blog</a></p>
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