Communicating with Customers Promotion, Internet & Sales Dr. Dawne Martin MKTG 241 March 1, 2012 Schedule ◦ Thursday, March 8 – Paper for Segmentation, Target Market, Value Proposition ◦ Next Time – Pricing, Chapter 11 ◦ Tuesday, March 13 - Quiz 3 – Chapters 8-12 Learning Objectives ◦ To identify the elements of a brand and how to build a brand name Schedule & Learning Objectives Post World War II Advertising Sales promotion Personal selling Public relations (and publicity) Orchestrated by a marketing professional or advertising firm Google-box (television) ◦ Only three major television channels in the United States in 1960 TV advertising was Tide in the daytime, Pepto-Bismol during the evening news Supplemented by ads in targeted magazines Promotion Communicating with Markets Prentice Hall © 2009 Rethinking Marketing, 1st Edition 8-3 Advertising is going, going, gone! ◦ ◦ ◦ TiVo DVR TV sets in every room of the home used for Playing video games Surfing the Internet Listening to music Shopping Trusted source of information and entertainment New millennium Proliferation of Media Options Prentice Hall © 2009 Rethinking Marketing, 1st Edition 8-4 ◦ Backlash against advertising resulting in New media Entertainmentization of marketing Numerous innovative marketing practices Altering communications landscape and marketer’s role forever ◦ Consumer is reinventing marketing Like to talk and hear what others have to say Not interested in sterile, politically correct messages Want to get behind lies marketers tell No longer relying on static world of newspapers, magazines, and TV New millennium (cont.) Prentice Hall © 2009 Rethinking Marketing, 1st Edition 8-5 Yet there are several enduring characteristics of successful marketing efforts in contemporary environment ◦ ◦ ◦ ◦ ◦ Efficiency in marketing expenditures Creative and alternative approaches for managing marketing variables Ongoing product and process innovation Customer intensity Ability to effect change in the environment Prentice Hall © 2009 Rethinking Marketing, 1st Edition 8-6 Perspectives on the Emerging Nature of Marketing Prentice Hall © 2009 Rethinking Marketing, 1st Edition 8-7 The Brands in the Eyes of Its Creator As a potential source of value a brand, in a consumer’s world, shapes a wealth of ◦ ◦ ◦ ◦ Perceptions Beliefs Attitudes Experiences Prentice Hall © 2009 Rethinking Marketing, 1st Edition 9-8 Product versus Brand A product is Something made in a factory Can be copied by a competitor Can be outdated Has a lifecycle A brand is Something bought by a consumer Unique Timeless Eternal Prentice Hall © 2009 Rethinking Marketing, 1st Edition 9-9 Prentice Hall © 2009 Rethinking Marketing, 1st Edition 910 1. The brand as a product/company identity 2. Increasing brand relevance: from product identity to trustmark 3. The brand as a relationship builder 4. Improved customer interactions: from identity to experience 5. Loyalty beyond reason: from trustmark to lovemark 6. The brand as a character in a story Brands play six roles Prentice Hall © 2009 Rethinking Marketing, 1st Edition 911 New brand world was infused with “-er” words Cleaner Stronger Whiter Brighter Brand-as-person Brand-asorganization Brand-as-symbol Brand-as-product Distinct identity USP (unique selling/value proposition) – Benefits are: Functional Emotional Selfexpressive Methods of Developing a Brand Name Prentice Hall © 2009 Rethinking Marketing, 1st Edition 912 ◦ ◦ ◦ ◦ ◦ Events, or a series of events Create a memorable and emotional connection with customers Special events don’t end up in the clutter Alternative to media advertising Often more effective Less expensive Service experiences at retail outlets Are emotion-evoking because of the shopping experience itself Might be as simple as an unsolicited bonus item The company and its network as co-creator of value Prentice Hall © 2009 Rethinking Marketing, 1st Edition 913 Prentice Hall © 2009 Rethinking Marketing, 1st Edition 914 What is your UPS – unique selling proposition ◦ What are the most important issues/features for the customer ◦ How do you create value for the customer? ◦ How are you different/better than the competitor? ◦ Create a brand slogan that communicates your UPS ◦ Create a brand name – elements of good name http://loganzanelli.com/effective-name/ ◦ Create a logo (brand mark) to give the brand a face http://smallbusiness.chron.com/elements-good-logodesign-1426.html Define and Build Your Brand Brand name Conveys what you do (PDQ Printing) Connects with your target customer – speaks to need, emotion, desire Conveys brand’s style & implies value Easy to pronounce and spell Unique and easy to remember Elements Logo Designed with the target market and marketing strategy in mind Builds trust – consistent type face to convey connections and image Distinctive and unique – subtle hints and make an impact Details make the logo – ◦ Fonts common in industry or to target market ◦ Color – based on the characteristics target market associates with color ◦ Shape – simple but recognizable ◦ Scale – clean art with no unnecessary points to provide scalability Identify the Task Advertising – print, direct mail, outdoor, broadcast Marketing Collateral – brochures, newsletters, flyers, posters Promotional Activities ◦ ◦ ◦ ◦ ◦ ◦ ◦ ◦ sponsorship for special events participate in community projects, boards Trade shows, conferences, home shows Fairs Give-aways Coupons & Free samples Conducting contests Experiential or educational programs – wine tasting or workshop Pick the Tools Public speaking and conferences Write an article for publication in trade journals, newspaper, newsletters, blogs Media relations campaign – targeted media to benefit business Pick the Tools (cont.)