Group7 promotional strategy

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Promotional Strategy (Group 7) Manil (PGP30031)| Sudha (PGP30052)| Ankita (PGP30185)| Nikita (PGP30211) Do your ads STAND OUT your customers’ mind?? to make you STAND IN

Transcript of Group7 promotional strategy

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Promotional Strategy (Group 7)Manil (PGP30031)| Sudha (PGP30052)| Ankita (PGP30185)| Nikita (PGP30211)

Do your ads

STAND OUT

your customers’ mind??

to make you

STAND IN

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Audi says “Your move BMW”

BMW’s response

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“You can make ubiquitous advertising acceptable – even

welcome – to consumers”

- Jeffrey F. Rayport

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Today, consumers are

BOMBARDEDwith advertisements through all

possible media

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It is a MEDIA-SATURATED world!!

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ADVERTISEMENTS in today’s world have become

IRRELEVANTREPETITIVE

INTRUSIVE INEFFECTIVE

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…and MORE on what it DOES for their target

Marketers must focus LESS on what

advertising SAYS…

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SHOUTINGout loud

will not help!!!

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HUMAN EXPERIENCE will

BUT…

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Human experience, as an advertising medium, is divided

into FOUR SPHERES

SOCIALPUBLIC

TRIBAL PSYCHOLOGICAL

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THE PUBLIC SPHERE

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Message ALIGNS with the consumer’s experience

Bins atthe US airport

security

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HELP people reach

personal objectives…

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Building Goodwill

Celebrity Endorsements

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Branded Interventions

Entering people’s lives when

needed

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THE SOCIAL SPHERE

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Friends’ social activity

used to make

PERSONALIZEDgift

recommendations

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ENGAGE a

demographic that pays a

little attention to your product

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THE TRIBAL SPHERE

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Advertising must address desires of…

IDENTITY

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SELF-EXPRESSION

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MEMBERSHIP

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STATUS MARKER OR

SOCIAL IDENTITY

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EMPOWER THE

INDIVIDUAL

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How areMarketersdoing this?

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Brand name DETACHED from product

Signals inclusion in the tribe

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Award Status Markers

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Strong Affiliation

Powerful Brand Ambassadors

Positive WOMUSER GENERATED CONTENT

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THE PSYCHOLOGICAL

SPHERE

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Language to establish

COGNITIVE BEACHHEAD

for a brand…

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Engender

HABIT Formation…

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Connect Brand to an EMOTION…

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Are you reminded of

CONVENTIONAL ADVERTISING??

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Try understanding it from

CUSTOMER-CENTRIC

approach

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Instead of focusing on ADVERTISING MEDIA,

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Focus on ways to INTEGRATE your advertising into your consumers’ lives

In ways that

DELIVER VALUE

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But to do it??

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Follow these 5 steps…

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DEFINE OBJECTIVES

first from a consumer’s,not an advertiser’s,

point of view

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Ask yourself - What is the

PRIMARY GOAL

of your ad campaign?

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TARGET CAMPAIGN

to create value for the consumers

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Each sphere has different

STRENGTHS

Choose the

RIGHT SPHEREto achieve your goals

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TEST, LISTEN & ADJUST

ads to improve thecustomer experience

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LISTENto your intended targets!!

Ad campaign may be

INEFFECTIVEfor a variety of reasons

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EVALUATEan expansion strategy

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If needed,

WITHDRAW FROMor

EXPAND TOother spheres

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Constantly look for ways to

REFRESHthe message

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Consumer preferences are DYNAMIC...

…so must be your AD CAMPAIGN

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Lets RECAP!!!Advertisements have become:

1. Intrusive

2. Ineffective

3. Irrelevant

4. Repetitive

Focus on HUMAN EXPERIENCE

4 spheres:1. Public

2. Social

3. Tribal

4. Psychological

5 steps to integrate advertising in customer’s lives:1. Define objectives first from consumer’s point of view

2. Chose the right sphere

3. Listen to your consumers

4. Evaluate an expansion strategy

5. Be dynamic

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