| Actual for You |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Branding > How Branding, MarComm and CRM Relate |
|
Actual for You - How Branding, MarComm and CRM Relate
Applying Blue Ocean Strategy to Product Development has broken through and established the relationship.Henry Ford didn't invent the car. He wasn't even the first manufacturer of the car. In fact, when he jumped into the industry, there were more than 500 manufacturers building automobiles. That's a heavy market. It's what some call a red ocean, tainted by the battling competition. So, why is it that we think of Ford when we think of cars? Because he didn't sail that red ocean. He made a blue ocean strategy that not only built long-term brand equity, but brought the cost of a car down from $1,500 to $250 in a matter of a few years, sending him into uncontested market space.Not long ago, W. Chan Kim and Ren?e Mauborgne detailed the benefits of a blue ocean strategy in the Harvard Business Review In this, CRM must remain consistent with the brand communications essence, which lives on in the customer as a cluster of expectations and signals, which is the de facto the brand. Just as the above mentioned sales, marketing and communications functions must deliver the brand through media and locations, CRM must deliver, and stay true to the brand essence through all its human and other experiential interactions with the customer. So every element of the functioning relationship with the customer, the ease of opening the package, the ease of use of the product, the performance of the product, the disposal of the packaging, the messages received by the customer, the experiences of the customer with customer service staff, with billing staff, with credit control staff, with collections staff, with vehicles bearing our brand’s logo, all must not only avoid negative residue, but also regard themselves as brand communications as well, and deliver all these activity-media in way Are You Tracking Your Ads? - You Might Be Losing Your Money The most important single distinction we must make in our target group for any brand is the one between prospects and customers. This is because these two groups play very different roles in our business building program.I must admit that being a newbie my first business promotion efforts ended up in frustration and loss of my scarce money. I had some idea of ad tracking programs, but at that time they seemed too complicated to install at my server or too expensive to pay for an on line ad tracking service. Nowadays, I can’t hardly imagine running a campaign without tracking my ads.As the number of websites on the net increases exponentially day by day, it is in this way much more difficult to get good search positioning for competitive keywords in the busiest search engines. This means that, although the organic traffic is the best traffic a website can have, it is at the same time, the most difficult to ach There are two broad strategic activities involved in increasing our brands’ market share. We have to keep getting more revenues. And we have to avoid losing revenues we are already getting. We will never grow our market share if we don’t keep in-creasing our revenues. We will also never grow our market share if we keep losing more revenues than we are getting. Each of these two strategic activities involves two functions: There are two broad ways to keep getting more revenues: And there are two broad ways to avoid losing revenues we are already getting: Of the four strategic functions, the first, that of converting more prospects into customers, is, by far, more difficult than the other three. This is because this function involves overcoming two major barriers: This is the function that focuses on our prospects, the people who possess the money that is not yet being transmuted into our revenues, and are therefore the most important target toward increasing the market share of our brand. Prospects have to made to notice our brand, they have to be made to get interested in our brand, they have to be made to desire our brand, and they have to be made to prefer our brand over its competitors, and ultimately, of course, they have to be made to purchase our brand, which is when their money becomes our revenues, and when prospects become our customers. The remaining three strategic functions, that of increasing customers’ usage, and avoiding disappointing them either with our products/services or in any other way, are, relatively, significantly easier. This is because all three of them involve dealing with people who, as existing customers, are already in a relationship with us. As such, these three strategic functions involve a degree of receptivity toward us from the people we are addressing. Indeed, with today’s interactive media, it has become easier for us to know them individually by name, know where they live, how to reach them, and be familiar with their demographics of gender, age, education, lifestyle, and other habits; and their psycho-graphics of values, interests and other preferences. Coming back to the first strategic function, that of converting prospects into customers, we have literally to transform their existing disinterest toward our brand into a relationship. This toughest business challenge involves, above all, the WHAT of branding, and the HOW of MarComm, advertising, sales promotions, merchandising, pricing, distribution, packaging and other marketing and communications media and activities. Branding is the most important of these because it is the conceptual essence of the entire business building effort. Branding comprises the cluster of concepts and signals that have the challenge of overcoming the greatest barriers between us and the prospect – those of their disinterest and pre-existing preferences and habits. The disciplines and media of sales, advertising, sales promotions, distribution, pricing, merchandising and packaging, etc. then have to deliver this brand communications essence to the prospect so that it can break through the barriers of disinterest and prior practice. CRM, or customer relationship management should cover all the HOWs involved in maintaining and strengthening the relationship with the customer, once branding has broken through and established the relationship. In this, CRM must remain consistent with the brand communications essence, which lives on in the customer as a cluster of expectations and signals, which is the de facto the brand. Just as the above mentioned sales, marketing and communications functions must deliver the brand through media and locations, CRM must deliver, and stay true to the brand essence through all its human and other experiential interactions with the customer. So every element of the functioning relationship with the customer, the ease of opening the package, the ease of use of the product, the performance of the product, the disposal of the packaging, the messages received by the customer, the experiences of the customer with customer service staff, with billing staff, with credit control staff, with collections staff, with vehicles bearing our brand’s logo, all must not only avoid negative residue, but also regard themselves as brand communications as well, and deliver all these activity-media in ways Jewellery Impressions In The World Of Fashion Jewellery 4. We have to avoid disappointing customers in all the other the experiences they might associate with our brand.In today’s world of conscious people, fashion Jewelry is playing a remarkable role in giving vivacity to one’s attitude. Starting from clothes, a woman is also quite choosy in the selection of Jewellery she wears. The more attractive the Jewellery is, the more easier it will be for her to choose them. Jewelry is not only a status symbol as many people invest their life long savings on the Jewelry, they carry a set of jewels years after years, generation after generation. Nowadays jewelry market is turning out to be profitable market for investment as well as elegant way of updating one’s attire. Starting from vintage jewelry to contemporary ones all of them are part of the jewelry market.D Of the four strategic functions, the first, that of converting more prospects into customers, is, by far, more difficult than the other three. This is because this function involves overcoming two major barriers: This is the function that focuses on our prospects, the people who possess the money that is not yet being transmuted into our revenues, and are therefore the most important target toward increasing the market share of our brand. Prospects have to made to notice our brand, they have to be made to get interested in our brand, they have to be made to desire our brand, and they have to be made to prefer our brand over its competitors, and ultimately, of course, they have to be made to purchase our brand, which is when their money becomes our revenues, and when prospects become our customers. The remaining three strategic functions, that of increasing customers’ usage, and avoiding disappointing them either with our products/services or in any other way, are, relatively, significantly easier. This is because all three of them involve dealing with people who, as existing customers, are already in a relationship with us. As such, these three strategic functions involve a degree of receptivity toward us from the people we are addressing. Indeed, with today’s interactive media, it has become easier for us to know them individually by name, know where they live, how to reach them, and be familiar with their demographics of gender, age, education, lifestyle, and other habits; and their psycho-graphics of values, interests and other preferences. Coming back to the first strategic function, that of converting prospects into customers, we have literally to transform their existing disinterest toward our brand into a relationship. This toughest business challenge involves, above all, the WHAT of branding, and the HOW of MarComm, advertising, sales promotions, merchandising, pricing, distribution, packaging and other marketing and communications media and activities. Branding is the most important of these because it is the conceptual essence of the entire business building effort. Branding comprises the cluster of concepts and signals that have the challenge of overcoming the greatest barriers between us and the prospect – those of their disinterest and pre-existing preferences and habits. The disciplines and media of sales, advertising, sales promotions, distribution, pricing, merchandising and packaging, etc. then have to deliver this brand communications essence to the prospect so that it can break through the barriers of disinterest and prior practice. CRM, or customer relationship management should cover all the HOWs involved in maintaining and strengthening the relationship with the customer, once branding has broken through and established the relationship. In this, CRM must remain consistent with the brand communications essence, which lives on in the customer as a cluster of expectations and signals, which is the de facto the brand. Just as the above mentioned sales, marketing and communications functions must deliver the brand through media and locations, CRM must deliver, and stay true to the brand essence through all its human and other experiential interactions with the customer. So every element of the functioning relationship with the customer, the ease of opening the package, the ease of use of the product, the performance of the product, the disposal of the packaging, the messages received by the customer, the experiences of the customer with customer service staff, with billing staff, with credit control staff, with collections staff, with vehicles bearing our brand’s logo, all must not only avoid negative residue, but also regard themselves as brand communications as well, and deliver all these activity-media in way Newsletter as A Marketing Tool hey have to be made to purchase our brand, which is when their money becomes our revenues, and when prospects become our customers.Trying to think of a way to promote that new product or service that your company recently introduced? Why not try to use a promotional newsletter? Sure a lot of businesses already use it. But it is still a great marketing tool for that new product or service you want everyone to know. You just have to think of a new way on how to introduce that product to your prospective customers and loyal customers.A promotional or marketing newsletter is used by businesses who wants to promote a product or service they just introduced. Newsletters are typically sent by mail or are placed inside the store where customers can just pick up a copy.Newsletters normally use grids, content and photos for The remaining three strategic functions, that of increasing customers’ usage, and avoiding disappointing them either with our products/services or in any other way, are, relatively, significantly easier. This is because all three of them involve dealing with people who, as existing customers, are already in a relationship with us. As such, these three strategic functions involve a degree of receptivity toward us from the people we are addressing. Indeed, with today’s interactive media, it has become easier for us to know them individually by name, know where they live, how to reach them, and be familiar with their demographics of gender, age, education, lifestyle, and other habits; and their psycho-graphics of values, interests and other preferences. Coming back to the first strategic function, that of converting prospects into customers, we have literally to transform their existing disinterest toward our brand into a relationship. This toughest business challenge involves, above all, the WHAT of branding, and the HOW of MarComm, advertising, sales promotions, merchandising, pricing, distribution, packaging and other marketing and communications media and activities. Branding is the most important of these because it is the conceptual essence of the entire business building effort. Branding comprises the cluster of concepts and signals that have the challenge of overcoming the greatest barriers between us and the prospect – those of their disinterest and pre-existing preferences and habits. The disciplines and media of sales, advertising, sales promotions, distribution, pricing, merchandising and packaging, etc. then have to deliver this brand communications essence to the prospect so that it can break through the barriers of disinterest and prior practice. CRM, or customer relationship management should cover all the HOWs involved in maintaining and strengthening the relationship with the customer, once branding has broken through and established the relationship. In this, CRM must remain consistent with the brand communications essence, which lives on in the customer as a cluster of expectations and signals, which is the de facto the brand. Just as the above mentioned sales, marketing and communications functions must deliver the brand through media and locations, CRM must deliver, and stay true to the brand essence through all its human and other experiential interactions with the customer. So every element of the functioning relationship with the customer, the ease of opening the package, the ease of use of the product, the performance of the product, the disposal of the packaging, the messages received by the customer, the experiences of the customer with customer service staff, with billing staff, with credit control staff, with collections staff, with vehicles bearing our brand’s logo, all must not only avoid negative residue, but also regard themselves as brand communications as well, and deliver all these activity-media in way Goals or Wishes? toward our brand into a relationship. This toughest business challenge involves, above all, the WHAT of branding, and the HOW of MarComm, advertising, sales promotions, merchandising, pricing, distribution, packaging and other marketing and communications media and activities.Goal setting has to be one of the most common phrases when setting out to gain more business. We all dislike the planning process that happens in large corporations. It seems that the goals are set and nothing really happens to fulfill them. The goals we need to set are goals for obtaining a number of business contacts that can lead to a business relationship. Goals for the number of contacts you need to make in order to gain one business relationship may vary from industry to industry. When working with professional sales staff, I find that some firms have a six to one ratio before a sale is made. In other cases it may be one hundred to one (which is fairly high). Your goals should state Branding is the most important of these because it is the conceptual essence of the entire business building effort. Branding comprises the cluster of concepts and signals that have the challenge of overcoming the greatest barriers between us and the prospect – those of their disinterest and pre-existing preferences and habits. The disciplines and media of sales, advertising, sales promotions, distribution, pricing, merchandising and packaging, etc. then have to deliver this brand communications essence to the prospect so that it can break through the barriers of disinterest and prior practice. CRM, or customer relationship management should cover all the HOWs involved in maintaining and strengthening the relationship with the customer, once branding has broken through and established the relationship. In this, CRM must remain consistent with the brand communications essence, which lives on in the customer as a cluster of expectations and signals, which is the de facto the brand. Just as the above mentioned sales, marketing and communications functions must deliver the brand through media and locations, CRM must deliver, and stay true to the brand essence through all its human and other experiential interactions with the customer. So every element of the functioning relationship with the customer, the ease of opening the package, the ease of use of the product, the performance of the product, the disposal of the packaging, the messages received by the customer, the experiences of the customer with customer service staff, with billing staff, with credit control staff, with collections staff, with vehicles bearing our brand’s logo, all must not only avoid negative residue, but also regard themselves as brand communications as well, and deliver all these activity-media in way Effective Professional Branding – The Transition From What You Know to Who You Are has broken through and established the relationship."Building professional branding which communicates that you are x with y years of experience in industry Z and that you know to do A,B,C.D and have knowledge in E ,F , G is boring and won’t bring you career and business success".Building professional branding is essential for one’s career and business success. Tom Peters talked about professional branding almost ten years ago. However, economic changes, globalization, new technologies, job market trends, and outsourcing have changed the meaning of the concept and it’s implementation. How can you brand yourself to be successful in the current markets? What changes do you have to make in order to establish effecti In this, CRM must remain consistent with the brand communications essence, which lives on in the customer as a cluster of expectations and signals, which is the de facto the brand. Just as the above mentioned sales, marketing and communications functions must deliver the brand through media and locations, CRM must deliver, and stay true to the brand essence through all its human and other experiential interactions with the customer. So every element of the functioning relationship with the customer, the ease of opening the package, the ease of use of the product, the performance of the product, the disposal of the packaging, the messages received by the customer, the experiences of the customer with customer service staff, with billing staff, with credit control staff, with collections staff, with vehicles bearing our brand’s logo, all must not only avoid negative residue, but also regard themselves as brand communications as well, and deliver all these activity-media in ways that are consistent with the brand. It must be noted that CRM can also contribute indirectly to increasing revenues and market share as well. This can be accomplished by fulfilling the brand essence vis a vis the customer so thoroughly via the latter’s experiences, that customers are delighted enough to make the effort to recommend it to other people who also happen to be prospects.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Walking Sticks - A Money Making Hobby Guide to Business and Data Trends How Do You Put Yourself up on the Net Tomorrow?
|