Three Foot Rule vs Target Marketing

A research doctor (in our speech group) askedShe did her best to generate interest, but she
the membership if we'd like to attend a forumdidn't really answer my question. What she
she will chair over. The event is a one-day,assumed were benefits for me are actually
information-dense exploration into the mechanicsnormal expectations. You'd find similar attributes
of working with Chinese research andpresent in almost all one-day classes, workshops
development pharmaceutical firms. After weor seminars.
adjourned, she tried the one-on-one approach.Another critical oversight...
The members she spoke to were polite, graciousShe downplayed the significance of the speakers
and courteous. But they didn't display a whole lotand their presentations. It began to sound like a
of interest. Nevertheless, she wasn't discouraged.mix and mingle, let's trade business cards event. I
I was heading for my car when she called mycouldn't see the connection between Big Pharma
name. The next few minutes saw me attemptingwith lunch, fun and available ladies.
to duck every question she fired at me. SheI wanted to know what value I would get from
sensed my uneasiness and didn't quite understand.attending this forum. What I would get from
She was using the hit-or-miss marketing method.listening to CEOs of pharmaceutical firms. And
A modification of the "Three Foot Rule." She hadgiven the volatility of medical research firms, how
been led to believe that everyone within eyesighton earth can you establish a long-term business
was her prospect. That they suddenly becamerelationship if they closed their doors for lack of
her warm market.funding?
Those who practice this have a lot of time onShe continued, "Anyway-you don't have to stay
their hands.the whole day if you don't want."
"I've raised over $24,000 in sponsorship for thisThat statement took the wind out of the sails.
year's forum. Would you like to come, meet newShe disqualified herself. She was only recruiting me
friends, maybe pick up some new business? Itto register a larger turnout. I was just another
only costs twenty dollars and you also get lunch,"number to her. Her true motives came to light.
she explained.Now my once high opinion of her has swayed.
I honestly didn't see any benefit from attending.Obviously I was not her target market. Even if
Especially after she made it sound like justshe paid me $100 to attend this event, I wouldn't
another networking event. So I decided on somego because I couldn't see how $100 would replace
verbal sparring.the eight hours I'd lose.
"Congratulations on your fundraising success," IWhich leads me to this point...
answered. "Tell me, how would I benefit fromThe whole world is not your market. Research
attending this event?"where your target market likes to go, what they
"You get to network with the who's who in Sanlike to do and what publications they like to read.
Diego's life science industry, meet eligible women,Then deliver your most compelling marketing
and enjoy great food and fun," she added.message there.