Need-Greed-Vanity Framework
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The Need-Greed-Vanity framework is used by successful direct response marketers to evaluate product opportunities and create compelling marketing messages.
Core Framework Elements
- Need-Greed-Vanity are the three core human motivations that drive purchasing decisions
- Used by Guthy-Renker to evaluate and position products for infomercials
- Framework helps identify which motivation to tap into for marketing
Real World Application Example
- Computer security software company pitched Guthy-Renker
- Initial pitch focused on "need" (computer security/safety)
- Was rejected because it created stress about a problem people weren't actively worried about
- Repositioned to focus on "greed" (faster computer speeds)
- After repositioning, went from $1M to $75M in annual revenue
Marketing Implementation
- Don't lead with problems that create new stress
- Find ways to tap into existing desires and motivations
- Position products to align with one of the three core motivations
- Focus on benefits that people already want, not problems they need to worry about
Additional Success Factors
- Look for underutilized marketing channels
- Example: Using radio when competitors focused on digital
- "Don't compete in a knife fight unless you have a gun"
- Test different messaging angles
- Track attribution carefully
- Be willing to completely reposition products based on customer motivation
The framework emphasizes understanding and aligning with existing human motivations rather than trying to create new ones through marketing.
44:28 - 44:59
Full video: 01:11:03SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.