Ethics in Marketing
When it comes to marketing, you’re walking on
thin ice if you push the limit on what’s considered ethical and unethical,
especially within the aesthetics industry.
Ethical marketing entails making honest claims and satisfying
the needs of potential and existing customers. It boosts credibility and trust,
develops brand loyalty, increases customer retention, and prompts customers to
spread word about the products or services you’re marketing.
Unethical marketing, on the other hand, can send wrong
signals about your products and services, destroy your brand’s reputation, and
possibly lead to legal problems. This explains why you should avoid them like a
plague. Many business owners and sales personnel have erroneously engaged
in unethical marketing practices just because they never knew what these
practices are in the first place.
Examples:
Making false, exaggerated, or unverified claims-In a desperate bid
to compel potential and existing customers to buy their products or services,
some marketers use false statements, exaggerated benefits, or make unverifiable
claims about their offers. This is common in the weight loss industry, where
marketers convince potential buyers that a particular product can help them
shed so-and-so pounds within two weeks without exercise or dieting!
Distortion of facts to mislead or
confuse potential buyers-This
is another common unethical marketing practice. A typical example is when a
food processing company claims that its products are sugar-free or calorie-free
when indeed they contain sugar or calories. Such a company is only trying to
mislead potential buyers, since they are unlikely to buy the products if it is
made known that they contain sugar or calories.
Concealing dark sides or side effects
of products or services-This
unethical marketing practice is rife in the natural remedies industry, where
most manufacturers deceive potential buyers that their products have no side
effects because they are “made from natural products”. But
in reality, most of these products have been found to have side effects,
especially when used over a long period. In fact, there’s no product without
side effects—it’s just that the side effects might be unknown. It’s better to
say, “There
are no known side effects” than to say “there are no side effects“.
Using fear tactics-This is another common unethical marketing practice among
snake oil salespersons. You will hear them saying something like: “This
price is a limited-time offer. If you don’t buy now, you might have to pay much
more to buy it later because the offer will end up in two days time, and the price
will go up.” The only motive behind those statements is to
prompt the potential buyer to make a decision on the spot. And that’s wrong. Why
subject someone to undue pressure because you want to make money off him or her?
Demeaning references to races, age,
sex, or religion-Ethical marketing must be devoid of
all forms of discrimination. If your marketing messages contain lines that
place people of certain age range, sex, religion, nationality, or race at a
higher level than others, then you are crossing the bounds of ethical
marketing.
Spamming-Spamming is when you send unsolicited emails to potential
customers, encouraging them to buy your products or services. This is the
commonest unethical marketing practice done online. The number of time you send
such emails doesn’t matter. Whether you send them once, or on occasions, or
frequently, you remain a spammer.
Solutions
1.Hire Right
2.Create
Policies and Practices
3.Develop
People's Understanding
4.Incent
the Right Thing
5.Put
Controls in Place
6.Build a
Culture of Transparency, Openness, and Communication
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ReplyDeletecan competition between firms lead to adoption of unethical practices?
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