10 Shortcuts To Marketing Success by Mary-Eve Lacombe and James Heaton When I say “Marketing is tactical and branding is strategic” I am not saying one is better than the other. I am saying they are different, they are complementary, and they should be used together to achieve effective and lasting results. Marketing is the tactical action of promoting a specific product or service. Branding is the strategic foundation upon which great marketing campaigns are built. Marketers sometimes ignore this. If a brand is insufficient or weak, the marketing will have to compensate. This can severely weaken the power, the persuasiveness, and the efficiency of the marketing campaign. q The Pull Strategy: Branding Marketing carries forward your call to action: “Buy this car.” “Make this donation to our annual appeal.” While this is essential, it is branding that really makes your customers care about you. Branding is what makes your clients remember you. Marketing on its own cannot have this effect. Having a strong brand that represents your company well will make marketing that much easier and more effective for you. q Define Your Identity 1 The first step in the branding process is to identify who you really are and what you are really good at; this is what you promise your customers. In order to create a strong brand, it is not enough for your firm to offer a product or service of quality. You must create deep-seated brand associations within the consumer’s mind, including attributes and attitudes. Specific brand-related attributes alone do not influence the consumer’s likelihood to buy your products, but they do promote familiarity and differentiation. It is the ideas and stories associated with your brand that directly influence the consumer in the buying moment. They are the determinants of whether consumers react favorably to your brand or not. Those implicit and explicit meanings a consumer associates with your brand are what gives it an identity and what represents your company in the marketplace. The identity of your brand is visible in every form of communication, beginning with the name, the logo, and the slogan, but included in absolutely everything they see, hear, feel or think in relation to you. It is the Happy Ending in Disney, the “Just Do It” in Nike, the Gecko in Geico. q Position Your Brand 2 Communicate your strengths to the world by building your brand and showing your competitive advantages. Keep in mind that consumers have market experience and are well informed. They know your competition, perhaps even better than you do. Consumers need to see what differentiates you from your competitors and that this difference serves their needs better. This difference does not have to be a product or service feature, but can be something symbolic or emotional. A significant distinction can be achieved even if only one variable differentiates you from the competition. It only has to be a personally meaningful variable from the perspective of the consumer. Apple became an empire and an incredibly powerful lifestyle brand by focusing on the “easy to use” computer. They also applied the concept, “differentiate or die”. In addition to helping you succeed in a competitive market, differentiation can also be a key driver for brand loyalty. A unique, wellestablished brand will evoke trust, stability, quality, and consistency, and it will bring these images to the customer’s mind. In brand positioning, positive differentiation and constant delivery of the brand promise are fundamental. Easy-to-use is not a motto, it’s a reality reinforced by every encounter with the Apple brand. When this ceases to be the case, the brand will begin to falter. q Build Your Capital 3 In a successful company with a strongly established brand, the brand capital (referring to an intangible asset that summarizes the consumer’s perception and awareness of your firm’s products and services) becomes much higher than its brand value (the value of your products as shown on the balance sheet). For example, Harley-Davidson’s brand capital is estimated to be 100 times more than the ledger’s value. The capital is therefore determined by the consumer, while the value is determined by the market. Put in the sustained effort to build and protect your brand capital. q Communicate and Re-communicate 4 Once you have understood who you truly are, what your brand identity is, and what message you want to convey to your consumers, you need to communicate this. The consistent repetition of your message lays the foundation for brand recognition within the minds of your consumers. If you convey your brand message with frequency and absolute consistency, it is far more likely to be heard, and it will also be that much harder for your competition to tarnish or erase this image from consumers’ minds. Advertising and PR are traditional methods you can use to build brand recognition, but your every communication, interaction, and action, even if conducted in seeming isolation from the marketplace, has an impact on your brand. A well-established, well-articulated brand will allow you to set higher prices for your products and retain customers more easily, and it can be used as a platform to launch new products more easily. q The Push Tactic: Marketing Marketing without the benefit of a strong brand is very much like swimming upstream. It can be done, but it’s a lot of work. In an ideal marketing campaign, the power of the brand is perfectly leveraged, and the brand is made stronger in the process. q Fix Your Goals 5 As mentioned previously, marketing implies tactics. You have an ultimate goal in mind. As with any other kind of plan, the first phase of an effective marketing campaign would be to determine SMART goals, understood as Specific, Measurable, Attainable, Relevant, and Time-scaled goals. Before going further in the process, you need to agree on the results you are hoping for. q Keep an Eye Wide Open on the Competition 6 Similar to the positioning of your brand, you have to position your product or service. In marketing we refer more to the product or service’s features than the symbolic and emotional features mentioned in the context of branding. Your offer must be based on your consumers’ desires and needs. A product positioning statement is a short sentence or two that describes how your product distinguishes itself from your competitor’s. If your positioning statement is correctly written, it will answer this question: Why is a rationallythinking consumer going to buy my product or service rather than my competitor’s? You have to find the key attributes that are desirable to your consumer, and then communicate them. (Remember, behind this product is a brand, and it provides emotional supports for the purchase that actually precede and undergird these rational ones.) q Position your Product or Service 7 Every marketing campaign must be launched with the consumers you wish to reach in mind. You have to know who they are, what really matters to them, what they are looking for, and how they are looking for it. Having that knowledge, you can develop a strategy to reach your customers more effectively and less cost-intensively. Targeting a specific segment of the market, rather than consumers in general, leads to competitive advantages and superior sales performance. Things made for everyone attract no one. Things made for very specific consumer targets attract many outside that specific target. Keep in mind that you do not only have to be informed about your consumers’ current needs and buying patterns, but also about possible shifts in consumer behaviors and preferences or newly emerging market segments. Generally, your products are not going to change anyone’s behavior, but behaviors do change (as one grows older, for example) so you should be sensitive enough to understand and respond to these behaviors. q Know Your Target 8 Just like you, the competition is constantly trying to win over your consumers. Keep track of their strengths and weaknesses, but do not obsess over this. Your biggest competition should be your own best past performance. You may have something to learn from what the competition is doing. They may give you insight into your consumers that somehow slipped past your attention. This is useful knowledge, but do not slovenly follow what your competition is doing, even if it looks to be working. Your actions must first and foremost be true to your brand. Investing in research and analytics of your competition is worthwhile, and may lead you to discover unrealized opportunities and identify fruitless efforts, sparing you some of the costly process of trial and error, but this information can also be misleading. You are not your competition, and their solution is likely not going to be yours. Stay true to yourself. q Build a Relationship with Your Customers 9 Fundamental to marketing is the fact that it is far cheaper to retain a customer than to acquire a new one. The relationships that you develop over time yield trust. The degree to which you maintain your brand has a critical impact on this. Pay attention to your clients’ needs and insights. Social media makes your work in this regard much easier than it was a decade ago. You now have access to your consumers’ thoughts, what they like, what they do not like. The information you need is there, so use it wisely. The ability to adapt is extremely important and is practiced by all successful companies. A company might, for example, see their product on YouTube being used in a new way inspiring new innovations. q Communicate in Line with Your Brand Identity 10 Marketing is a form of communication, and it goes both ways. On one hand it serves to build awareness and reputation, or to position your firm or its product or service relative to the broader marketplace, but it is also an opportunity for dialogue. If your brand is true and strong, word-of-mouth communication is already helping you, and social media is speeding up the process of communication among your consumers. Make sure this is working in your favor. The only way to do that is brand integrity. Conversely, if you have unhappy customers, they may become “terrorists” to your brand. Consumers now place more importance on this type of communication than the non-personal communications that you are paying for (advertising, PR). So if you falter in the challenge of upholding your brand promise, social media can also work against you. Take the “United Breaks Guitars” YouTube video. It has been seen more than 13 million times. It’s a great example of brand “terrorism”. In sum, thoroughly planned marketing supported by careful attention to your brand that supports it will allow you to more effectively reach and hold onto your target consumer. It will make it easier to build awareness and ultimately increase your profit margins. q Bonus Feature Marketing is Not Optional * Find links to additional info by clicking on the grey text. “There are only two things in a business that make money – innovation and marketing, everything else is cost.” —Peter Drucker Peter Drucker was many things. Fool, not. Part I MARKETING IS NOT OPTIONAL Marketing is an essential tool for the success of all business and nonprofit activity. What matters is not what you do, what matters is that you communicate what you do so that others will take interest in it, buy it, support it, join it, and tell friends about it. In some non-profit quarters, marketing was once thought of as a dirty word, associated with used car salesmen and sleazy tactics. I address this issue and the reluctance to use marketing in the blog post Not To Market is a Crime. As noted there, you are being remiss in your duties to your cause if you do not market it. Your mission is only as successful as far as it can spread and have an impact. If you are indeed working to make the world better, you need to be actively marketing what you do. If you don’t know where to begin with this, then you should probably take one of our Branding and Marketing Discovery Workshops. If you have spent a lot of marketing money in the past to insufficient effect, ditto. What you should NOT be doing is NOT doing it. q Bonus Feature Marketing is Not Optional There are many strategies for marketing, and there are many means to execute a marketing campaign. It can be expensive or not, effective or not. And price and effectiveness are not necessarily inextricably connected. See Find Your Trim Tab to find out more about how it is possible disengage expense from effectiveness in marketing. The point is that you have no excuse not to be doing marketing well. None. Nope. None. Now get to it. Part II Effective Marketing and the Alternative Let’s go back to management thinker Peter Drucker for a second. He wrote an important little book that posits an organizational selfevaluation consisting of 5 questions: The Five Most Important Questions You Will Ever Ask About Your Organization. q Bonus Feature Marketing is Not Optional Here they are in case you don’t have time to read it: What is our mission? Who is our customer? What does the customer value? What are our results? What is our plan? The answers to all of these, but critically #2 and #3, are crucial to devising an effective marketing program for your products and services. They are also at the heart of what our Discovery Process is designed to help you clarify. Without them, your marketing dollars will likely be spent in tactical experimentation. Tactical experiments can work, but they are not the smartest use of a limited pool of marketing money. They are, in fact, much better when conducted in the context of a strong strategic hypotheses about who your core consumer really is and what he or she REALLY values and exactly how your offer meets them there. You owe it to the future of your business, your non-profit, your museum to take the time to honestly answer Drucker’s questions. If you want help with that so you can use your precious marketing money more effectively, and if you don’t want to spend forever sorting this out, then I will take the liberty of repeating myself—maybe it’s time you should read about our Branding and Marketing Discovery Workshop. Copyright Tronvig Group 2013 Tronvig Group Brooklyn Navy Yard 63 Flushing Ave. Bldg. 280, Ste 223, Unt 329 Brooklyn, NY 11205 tronviggroup.com
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