WHEN MOST PEOPLE think of reverse engineering, they probably have
thoughts of disassembling some high-tech component or software code
and learning what makes it tick, and then creating knock-offs for an
unfair competitive advantage.
Reverse engineering is defined by Wikipedia as "the process of
extracting knowledge or design information from anything man-made.
The process often involves disassembling something (a mechanical
device, electronic component, computer program, or biological,
chemical, or organic matter) and analyzing its components and
workings in detail."
I am a fan and practitioner of a different type of reverse
engineering: let's call it 'marketing reverse engineering.'
Example 1: Our SCORE podcast series, "Been There, Done That! with
Dennis Zink," is available by free subscription on iTunes, Stitcher
Radio and at score.org. Our goal is to increase our listenership and
sign up free subscriptions.
We are reverse-engineering the marketing process with our podcast
series as follows: 54 menu items are on the score.org national
website. These represent the topics most commonly requested by
visitors.
Doesn't it make sense to create and deliver podcast interviews on
these topics that are already in high demand? This should
substantially increase downloads and subscriptions.
Example 2: A financial institution wanted to target high-net-
worth individuals who recently moved to the area. A list of new
homeowners purchasing property over a threshold dollar amount was
developed. These recent home buyers were given a free gift
subscription to a local business magazine with a letter from the
publisher. The letter both welcomed them to the area and as a new
subscriber to the publication. An introduction was provided to the
recipient about the financial institution that had arranged the gift
subscription.
What did this accomplish and how did the financial institution,
the publisher and the new homeowners gain?
The financial institution reached its desired target in a
creative way with a monthly, subliminal reminder. Every month, the
recipients were reminded that this subscription was a gift from the
institution. Many of these new homeowners proceeded to do business
with the financial institution.
The publisher benefited by adding new subscriptions from a
desirable demographic. The financial institution contracted to
advertise in the publication in a prominent way on a monthly basis,
providing additional advertising exposure and revenue to the
publisher. …