by admin | Jan 14, 2011 | Blog, Promotion, Strategy
Effective Frequency Philosophy written over 125 years ago when newspapers and the town crier were the only media channels available, is even more applicable today when we are constantly bombarded by advertising messages.
1. The first time a man looks at an advertisement, he does not see it.
2. The second time, he does not notice it.
3. The third time, he is conscious of its existence.
4. The fourth time, he faintly remembers having seen it before.
5. The fifth time, he reads it.
6. The sixth time, he turns up his nose at it.
7. The seventh time, he reads it through and says, “Oh brother!”
8. The eighth time, he says, “Here’s that confounded thing again!”
9. The ninth time, he wonders if it amounts to anything.
10. The tenth time, he asks his neighbour if he has tried it.
11. The eleventh time, he wonders how the advertiser makes it pay.
12. The twelfth time, he thinks it must be a good thing.
13. The thirteenth time, he thinks perhaps it might be worth something.
14. The fourteenth time, he remembers wanting such a thing a long time.
15. The fifteenth time, he is tantalized because he cannot afford to buy it.
16. The sixteenth time, he thinks he will buy it some day.
17. The seventeenth time, he makes a memorandum to buy it.
18. The eighteenth time, he swears at his poverty.
19. The nineteenth time, he counts his money carefully.
20. The twentieth time he sees the ad, he buys what it is offering.
Thomas Smith, wrote this in 1885 London.
by admin | Jan 13, 2011 | Blog, Promotion
However much we would like advertising to be a science, because life would be simpler that way, the fact is that it is not. It is a subtle, ever-changing art, defying formulation, flowering on freshness and withering on imitation; where what was effective one day, for that very reason, will not be effective the next, because it has lost the maximum impact of originality.
Bill Bernbach
by admin | Jan 13, 2011 | Blog, Promotion
Technology has made it easier for marketers to speak with their prospects and customers, but harder to be heard.
Gene Stark
by admin | Jan 13, 2011 | Blog, Promotion, Strategy
Reaching your target audience with your message remains the most expensive cost of doing business today. Those that do it whilst building their brand are turning this expense into an investment. An investment into the positive perceptions their customers and prospects will retain about their products or services in their hearts and minds.
The internet, application of technology to the science of marketing (email, CRM, etc), media fragmentation and the advent of Social Media have all contributed to lowering the cost of marketing communication, especially for SME’s. It is now easier than ever to reach your target audience, but more challenging to get your message understood, which is why clarity and creativity in marketing are a necessity for your business survival.
by admin | Jan 13, 2011 | Blog, Promotion
Marketing is synonymous with Promotion, because 80% of the marketing effort is spent on Promotion.
Promotion is usually the only element of the Marketing Mix (Product, Price, Place, Promotion, People, Process, Physical Environment) that marketers can control and constantly fine tune. Price changes are quick to implement and analyze and rarely change frequently. Changes to actual products or services, their distribution channels, processes or people tend to be minor, so the focus as it rightly should be is promotion.
Although some marketers have control over product design and pricing, distribution, etc, they are or should be, the closest to understanding and correctly satisfying customer needs, they are often restricted by the parameters of the marketplace; the cost of inputs, market demand, etc, so promotion becomes the key tool in attracting customers and fighting off the competition.
Promotion, until fairly recently was a one way monologue, well suited to marketing’s focus on Products. But with the increasing focus on the Customer Experience, a dialogue is today a critical requirement for every business. Yet most marketers, despite the advances in technology, in both small and big companies are struggling with holding this dialogue, making it meaningful or even capturing and correctly interpreting what the customers are saying. Adopting new and complex technology was never going to be easy. Coupled with the consumer’s newly acquired powers of Social Media, the customer is really King!
Hence you can see that Marketing is all about Communication, which is 2-way rather than Promotion which tended to be 1-way. Marketers are trying to stop “talking at” the customer and trying to “converse with them” and this is not easy, putting marketers and business owners under real pressure!
Communication just like Promotion, is still one of the greatest costs of “doing business”, so it is vitally important to get your strategy right before blowing your entire budget, communicating the wrong message, to the wrong people, at the wrong time…
Communication is a science, with it’s own principles. To get the right message in front of the right people, at the right time, and expose them to the message enough times to elicit a favorable response and then interpret that response and act correctly upon it, we need to learn the principles of effective communication.
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