Monday, April 25, 2022

Beyond Branding: Advertising and Promotion

We have in the past touched on the essentials of a brand, how brands are stored in the mind by way of impressions and how to build a remarkable brand

 

 

The book Tips and Traps for Marketing Your Business is a great way to advance the marketing process that revolves around the brand, and this is done by building awareness.

There are four ways to do this:

The first and most effective way to achieve this is through advertising and promotion. Advertising can best be seen as mediated persuasion. And since persuasion has always been done by salesmen, then advertising is akin to mass production of salesmen.

A second way is use of traditional media. Yes, television, newspapers, radio and television still have a role to play even in a connected, digital world. They are mass media but the trick to effectively use traditional media is by not advertising to everyone. Instead, it is advisable to identify a target audience and focus on it.

The third tool to build your business is publicity. This is the often misunderstood world of public relations. Worth noting, however, is these four misconceptions:

  • public relations is not free
  • public relations is not just press releases and news stories
  • public relations is not always externally focused
  • public relations is not one-way communication.

The purpose of public relations is to ensure that a company or business has a positive image with the audiences that are important to its success.

Finally, interactive marketing. This is where the Internet plays a pivotal role in real time, boundless interactions between brands, organizations and both prospective and existing customers. The web has the effect of leveling the playground thanks to its ubiquitous reach and easy access to almost every one.

Key tools in Internet marketing comprise web sites, Email, social media networks, over the top platforms such as online chats and bots. It also includes online forums, content creation and video sharing platforms and more online destinations where Internet users congregate based on specific interests.


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A business that is driven by passion can easily become your life. Overwhelmed by fears, as Mariah Carey sings, the owner can be tempted to hold it under grass... But a business thrives and evolves when that idea which adds value and helps customers solve problems or get to where they aspire to be, is let out to the world. And the real beauty is in watching it rise. Like a butterfly.





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Monday, April 18, 2022

From Remarkably Bland to Remarkable Brand


 As we have seen before, a brand is stored in the mind for the prospect and customer by way of impressions. Not as chunks of information or facts. A brand is an emotional experience that is predicated on, and driven by a promise made to a customer.

That makes branding the process of building a positive collection of perceptions in your customer's mind.

 

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But to have a prominent and preferred position in the customer's mind, a brand needs to stand out. For the most part, this is done by establishing a unique selling proposition (USP). In advertising, this is the characteristic of a product or service that differentiates it from its competitors.


For Marketing Monday this week, we share with you a very insightful presentation from Neutron LLC titled 'The Brand Gap: How to Bridge the Distance between Business Strategy and Design.'

The immediate take-aways from this lengthy presentation is that:

1. A brand is not a logo

2. A brand is not an identity

3. A brand is not a product.

It is a person's gut feeling about a product, service or organization.


So how do you build your brand from bland to remarkable? This is achieved by making your brand charismatic. This means a product, service or organization for which people believe there's no substitute.

To achieve this, there are five disciplines of brand building that one needs to master:

1. Differentiate

2. Collaborate

3. Innovate

4. Validate

5. Cultivate


There is much more insights not highlighted here. And there is also a Kindle edition of 'The Brand Gap: How to Bridge the Distance between Business Strategy and Creativity.'


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From The Brand Gap, we learn that the main purpose of branding is to get more people to buy more stuff for more years and at a higher price. 

Once you get the branding essentials right, we bet you'll be all smiles on your brand new computer and a bright future in sales...




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Tuesday, April 12, 2022

The Market in the Market Gap

 If you go to WIRED magazine's web site, this is how The Long Tail is introduced:



 

It was originally an in-depth article by WIRED Editor Chris Anderson which eventually developed into both the The Long Tail book and The Long Tail blog.

This is important because the long tail is at the heart of niche markets.


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A niche is defined as a a shallow recess, especially one in a wall to display a statue or other ornament. A niche market is therefore a small, specialized market for a particular product or service.

In essence, a niche market exists in a gap within a large market segment.

 

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But there's a key question any person or business coming to market with either a product or a service needs to ask:

Is there a market within that gap in the market?


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Starting small. That is the very foundation of scaling and organic growth. Niche markets are small, and may at times appear to exist tucked away in market segments that initially show little promise or seem hopeless.





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