Holloway Editione1.0.0
Updated August 14, 2024Youβre reading an excerpt of Great Founders Write, by Ben Putano, writer, entrepreneur, and book publisher. Heβs the founder of Damn Gravity Media, a publishing house that inspires and educates tomorrowβs great founders. Purchase now for lifetime access to the book and on-demand video course.
In 2015, after a massive decline in demand, the Nano team rebranded.
They scrapped their price-aggressive language and positioned the Nano as a fast, fun, easy car for free-loving young people (sound familiar?) Commercials featured young adults, laughing and carrying guitars, driving out of their way for their favorite street food. They drove to the beach, to parties, and cruised with friends down beautiful coastal streets. The ads focused on the experience of owning a Nano. But did it work?
The new campaign was a success from a creative standpoint, but it didnβt help the Nanoβs sales. In 2018, Tata discontinued the Nano for good.
Marketing consultant Nauby Gupta thinks the new campaign was too little, too late. β[The Nano] has been positioned as a price-aggressive product,β he said in an article from Economic Times, βYou canβt get away from that.β
The Nanoβs last gasp teaches us one final lesson: you rarely get a second chance to make the right first impression. Negative emotions are like a tattoo on the heartβthey stay with your audience, even if you later change your tone.
The Nano could have been Indiaβs most iconic vehicle. Instead, The Worldβs Cheapest Car is no more.
Great founders, like great writers, put aside their ego and work hard to build empathy with their audience. And thatβs exactly what empathy is: emotional work. Being rational is easy. Understanding what your audience really wantsβwhat they needβis hard.
As a founder, empathy starts with you. Letβs look at how to build deeper relationships with your customers and audience.