You’re Spending Your MoneyIn All the Wrong Places brand management
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Transcript of You’re Spending Your MoneyIn All the Wrong Places brand management
-You’re Spending Your MoneyIn All the Wrong Places
PRESENTED BY-
Ayu Candra 0413114353016
Afifah Rahmania 041314353047
Latar Belakang
The impact of branding in the digital age. How internet has been used as a tool to build
relationship with brands. How INTERNET influences (positively or
negatively) a brand. How traditional marketing strategies have
continued to exhaust. Consumer Decision Journey.
Introduction
TRADITIONAL AGE:Relation ends with sale.
INTERNET AGE:Relation sustains, remains engage
TOUCH POINTS:Spending more time
THE RESEARCH REVEALED
Today’s consumers take a much more iterative and less reductive journey of four stages:
Consider Evaluate Buy Enjoy, Advocate and Bond
BLOCK THAT METAPHOR:
David court 2009 carried on a study on how customer engage with brands- “The customer decision journey” (CDJ)
Famous funnel metaphor to think about touch points- have used paid- media, push marketing.
JOURNEY IN PRACTICE
There are two implication of this:Instead of focusing on how to allocate spending across media, marketers should target stages in the decision journey.
ADVERTISEMENTADVOCACY
The second implication is that marketers’ budgets are constructed to meet the needs of a strategy that is outdated.
ONE WAY COMMUNICATIONHUGE COST INVOLVED
Instead of paid media marketers should concentrate on-Owned mediaEarned media
LAUNCHING A PILOT To shift to a CDJ-driven strategy has three
parts: understanding your consumers’ decision
journey Determining which touch points are
priorities how to leverage them Allocating resources accordingly
To see how consumers navigate the decision journey the following were considered:
WHAT THEY DO To answer this, multiple questions were
framed like: How would they describe the stages of their journey, online and off? Which resources were most valuable to them, and which were disappointing? How did brands enter and leave their decision sets, and what drove their purchases in the end?
WHAT THEY SEE This consisted of questions like: How was its appearance in the search engines? How visible were they on retail sites? What do consumers review about the brand?
WHAT THEY SAY The final focus was what people say online
about the brand
TAKING ACTION
- Shift from paid media - Marketing inserted links from its own site to retail sites - Developed programs that included online community initiatives, contests, and e-mail promotions
A CUSTOMER EXPERIENCE PLAN
-The details of a customer experience plan
will vary according to the company’s
products, target segments, campaign
strategy, and media mix
NEW ROLES FOR MARKETING
-Orchestrator
- Publisher and “content supply chain” manager.
- Marketplace intelligence leader.
STARTING THE JOURNEY
HOW THE INTERNET IS USED
A large number of the internet population use the internet for just searching randomly.
The next large internet population is more involved in research
Online videos and music
Last but not the least- Social Networking.
Google conducted a research on the online and offline purchases:-
Research online and purchase offline (66%)
Research offline and purchase offline (13%)
Research online and purchase online (20%)
Research offline and purchase online (0%)
50 MILLION MARK It took radio 38 years
It tool Television 13 years
It took Internet 7 years
It took Mobile just 3 years