Posts Tagged ‘branding’

Marketing, Public Relations, Advertising, Branding…what’s the difference anyway?

Let’s face it, as a business owner or line manager, you are probably very knowledgeable about the technical aspects. But when it comes to marketing your brand, you tend to be a little confused with the different marketing disciplines and all the jargons. I have met business owners who think they are doing branding when all they are doing is advertising. And there are people who think attending networking sessions is doing PR. Oh dear…

Knowing the difference between them will help you identify what kind of marketing activity you are really undertaking.

Here’s a quick explanation of the commonly misunderstood marketing disciplines:

Marketing: All the effort you undertake to ensure that consumers are aware of your brand, product and services.

Branding: What you do to build a powerful and positive perception around your brand. What is that one idea or concept that comes to your mind when your customer thinks about your brand, product, service or even yourself? Note, this does not necessarily involve selling.

Advertising: What you do to directly increase sales. A lot of times this means having an irresistible offer for your customer. In a cluttered and noisy marketplace, you will need to repeat the message many times before your customer takes notice of you.

Public Relations: All the activities undertaken to build a powerful and positive perception around your brand. PR builds on the foundation laid out by your branding exercises. Much of PR involves getting positive media coverage. Even in a multi-multi media environment of today, getting a feature in the newspapers, magazines, TV and radio is still very much valued. It is one of the best third-party endorsements your brand can get.

PR is also building connection with the community and engaging your consumers.

Why should you care about PR of your business?

Consumers prefer to do business with brands that they hold in high regard.

It takes years to build a strong reputation but only minutes to destroy it.

When things go wrong, and your brand gets a beating from the community, it is PR that gets into action to save your reputation. We all know that it is always easier to forgive someone who has a good reputation than someone with none. Same goes for your business.

Find out more, you can click on the links below

(cut and paste the url on your browser if the links don’t work)

The difference between advertising and PR: http://advertising.about.com/od/careersource/a/10advpr.htm

How to write a marketing plan: http://sbinfocanada.about.com/cs/businessplans/a/bizplanmarkplan.htm

Understanding the minds of the fast-changing consumers.

The new consumers react differently to your marketing messages.

Right in the comfort of his working desk, 24-year-old Jason Khor was staring right through his laptop screen. On his Firefox web browser, he had several tabs opened, each on absolutely different websites he frequently visits. As he tried making a purchase for a T-shirt on the Asos website online, he came across a good deal he wanted to share with his network of friends. He tweeted about it, shared the information on Facebook, and then blogged about the purchase he was about to make. Accordingly, like-minded friends responded to this information, and visited the Asos website to check the deal out.

Jason is the prototype of the fast-changing consumer in today’s world. He interacts with his favourite brands online, and shares such information to his network via social media platforms.

The fast-changing consumers in today’s world are spending most of their time online making the Internet the most viable platform to reach out to them. They are very often media savvy individuals who possess the spending power, and are often empowered to make their own decisions. With more time spent the world wide web, these consumers demand more autonomy over their selected brands, and are more likely to be expressive of their desires and dissatisfactions.

With such behaviours dictating the way brands work, more companies are leveraging on the social media platform to reach out to this target market. Yet, it is no longer about merely having a Facebook page for fans to Like or a Twitter page for Followers, it is about what these brands do on each platform to hook and retain the attention of their target market and customers’ loyalty.

Interactivity is a the key to grabbing the attention of this group of consumers, and by giving them the opportunity to contribute and provide their input with the brand, it increases awareness of the brand among the consumers. Take for example Standard Chartered’s World’s Coolest Intern campaign in 2010. The campaign was essentially a successful cooperation with young social media savvy individuals who were in the running for a position within the company, and having them run a campaign of themselves where they get their friends and networks to vote for them through the various communication channels also increased the awareness of Standard Chartered’s very own new m-Banking facility and online services. It was an effective campaign combining creative and fun strategies that worked well even for a bank.

Similarly, by allowing these consumers the autonomy to control how they want to interact with the brand, it increases the stake that the customer has over the brand. For Miss Tasneem Banu, she experiments around with her desired fashion style on Polyvore, the web’s largest community for fashion and trendsetters. When she sees a style that appeals to her, she will follow suit with an off-line purchase at the retail outlet.

“It lets me know that the brand cares about what I want to see and how I want to see it,” said the 22-year old undergraduate.

The digital age has brought along with it a different way companies should be speaking with their customers. Ultimately, what companies today should realize is that they are speaking to a more educated and more informed group of stakeholders, and thus their strategies need to be more precise in order to charm and convince this group of audience.  As their audience become more connected with one another online, and are able to influence each other’s opinions, brands should invest time and effort in community management to ensure that they are understanding what is being discussed about their brands online. By identifying key opinion leaders within this group too, brands will be able to increase their share of voice and influence over this key target market, and thus affect perception to their brands.

Contributed by Rasyida Samsudin

You don’t own your brand, your customer does

It is a common knowledge among big boys and the branding circle. Once your brand becomes popular and you have a loyal consumer base, you don’t own your brand anymore. After all the effort you have put into building a strong perception for your brand, it would be entrenched in the minds of your consumers, especially the loyal ones. Then if you want to change it, you better seek their advise, or else the backlash might be bad. And as business owners, we can’t afford it.

Here’s an example of a not so small company who changed the look of a well liked product and was met with very unhappy customers.

Tropicana Pure Premium orange juice thought it was time for them to get an updated sleek look on their packaging in early January. But interestingly, their customers were not ready for that and they were not quiet about it either. 

…consumers complained about the makeover in letters, e-mail messages and telephone calls and clamored for a return of the original look. Some of those commenting described the new packaging as “ugly” or “stupid,” and resembling “a generic bargain brand” or a “store brand.”

“Do any of these package-design people actually shop for orange juice?” the writer of one e-mail message asked rhetorically. “Because I do, and the new cartons stink.” Others described the redesign as making it more difficult to distinguish among the varieties of Tropicana or differentiate Tropicana from other orange juices.

 

Technology has made it possible for consumers to make their opinions known quickly, loudly and direct to the companies. If we as business owners don’t respond then we are in for trouble. Remember True Yoga debacle?

But does that mean we have to listen to every complain, comment and criticism? Because it might just hamper innovation. What do you think? Add a comment.

Article Source

A winning brand goes straight to the heart

ST, 19 Nov, reported:

ELECTRONICS giant Hewlett-Packard (HP) decided to go straight for the heart, to stand out in an industry constantly looking to outdo rivals with whiz-bang gadgetry and high-tech specifications.The company has marketed the personal computer as an extension of the individual – to make it more than a machine.

‘The connect that we wanted to make was not based on benefits, but an emotional connect,’ said Mr Ajay Mohan, HP’s vice-president of marketing and small- and medium-sized businesses in the Asia-Pacific and Japan.’And the emotional connect that we wanted to establish was that the computer is an extension of yourself. It is something which you work with on a daily basis; this is where you put your ideas, this is how you operate. This is a very personal thing, and you do not look at it as an impersonal object.’

He was outlining HP’s successful three-year branding strategy to the audience at a marketing conference, the Brand Couture Congress, which opened at Suntec City yesterday.

HP got it right with their 3 year branding strategy “HP Personal Again”. Personally, I loved the campaign, it made PC fun. I particularly liked the TV ads that had famous people talking about their love of their PC but their face was never shown. How clever is that!

Here’s one with Pharrel the famous rapper:

 

 

The lesson here:

Don’t be to overly concerned with the visual branding of your product. Think about how your branding is connecting to your target consumers at an emotional level. After all, isn’t true that we are really emotional animals. A large percentage of buying decision is made based on emotions rather than logic. If not why else would you be wearing that watch on your wrist (since all watch does the same function of telling time)?

 

here’s the making of the TVC, if you are fascinated:

Complacency killed the old company

 

The article reported:

COMPLACENCY can set in with age and that appears to be happening with some of Singapore’s more venerable companies when it comes to keeping the brand polished.

The warning signs surfaced when few firms were nominated for the Singapore Prestige Brand Awards (SPBA) in the heritage category – for companies that have been around for more than 30 years.

 

It was not surprising at all that older companies in Singapore are still not very educated on the concepts of branding and how it is so vital to business longevity today. Business is not as usual anymore and somebody must tell these bosses before it is too late.Too late will be when younger companies, despite smaller capital, are able to leverage on the Web 2.0, public relations, guerilla marketing and a whole slew of low-cost-high-impact marketing strategies to build greater customer awareness, maintain a sense of ‘updatedness’ that relates well with the new generation of well-travelled, savvy, global thinking customers. 

“But, we have always done it this way” is just not enough anymore. 

Gone are the days where you can market products with brands like “Mother and Son” , “Volleyball Players” etc. Even “Axe” oil brand worked very hard to stay relevant. The cluttered marketplace of today alone is enough reason to drown such brands out.

Business owners of established brands need to re-look at their customer psychographic. They will probably get a shock at how much these customers have changed in their buying decision making.

 

Mr Chan Chong Beng, chairman of the SPBA organising committee that handed out the awards last night, told The Straits Times: ‘What is quite sad is that for the heritage award, there seems to be a lack of response.

‘A lot of these older companies – they think they have already built a good brand and they are established already, so there’s no need to relook what they have done.’

Mr Chan cautioned that if such firms fail to remember that they need to keep building up their brands, newer companies will soon overtake them.

 

 

Wake up wake up old businesses. The world is changing….