Brands have never been under anyone's "control." Brands are the perceptions of the name, logo, products, people, and actions of a company, that are held in the mind of the customer, prospect or other stakeholder. Any two people that experience identical messages and company experiences will still likely have differing perceptions of that brand. The real world divergence of experiences that customers actually have, then, makes the idea of having "control" over brand perceptions nearly unimaginable.To be clear, brand perceptions can be influenced utilizing a good corporate platform and all of the tools within the marketing function. But, control...? So, I went on to consider the relevent point the speaker was making.
We are indeed on a new frontier of marketing and building brand equity. Old methods of marketing to customers held reach and frequency levels as keys, where the goal was to maximize messages aimed at target demographics to build awareness and ultimately, preference. Today's approach targets customer "communities" and strives for customer engagement. Today's approach includes two-way conversations as brands are more susceptible to broadcast customer feedback - both positive and negative. Emerging social media methods make it easy for customers to advocate, or challenge, the actions of a company... while others listen.
The new level of transparency required in today's world is beginning to take hold. Opaque companies who still try to use spin to craft their image are beginning to be punished in the world of social media. Those companies who are transparent and honest with their communications are beginning to be rewarded, even when they make mistakes! Finally!
Some marketers wish to ignore the new realities and hang on to the idea that they can "control" their brand's equity, yet true brand champions have embraced the changes and are looking for leverage.
When I was a brand marketing manager at the Toro Company, the industry standard warranty on lawn mowers was a 2-year limited warranty. Our dialog with customers revealed that they wanted more life, so we engineered products that performed well past that minimum hurdle. It cost more, so our price points were slightly higher than the competition and our sales were suffering. It was challenging to communicate the detailed benefits of a more durable product through a 5-year full warranty. We finally did it, and our sales rose nicely, but what I would have given to have the social media/customer engagement vehicles of today! The same customers that we listened to when we designed the products could have helped us get the word out!
When I was a brand marketing manager at the Toro Company, the industry standard warranty on lawn mowers was a 2-year limited warranty. Our dialog with customers revealed that they wanted more life, so we engineered products that performed well past that minimum hurdle. It cost more, so our price points were slightly higher than the competition and our sales were suffering. It was challenging to communicate the detailed benefits of a more durable product through a 5-year full warranty. We finally did it, and our sales rose nicely, but what I would have given to have the social media/customer engagement vehicles of today! The same customers that we listened to when we designed the products could have helped us get the word out!No, marketers have never been in control over their customers' brand perceptions. But in this new era of media and communications there is an opportunity for marketers to exert an increased level of influence over their brands development - by getting constant real time feedback from the ultimate boss, the customer… and listening.
It's good to know that customers can now talk to the managers of their preferred brand via social media. Through this new communication tool, the gap between consumer and producer is moved ever closer. This can lead to the improvement of products/services, as well as the development of customer-provider relationships.
ReplyDeleteWhen it comes to online marketing, brands should have a lasting impact to sell. This can be done by establishing relationships via social media platforms. Online marketing is basically about tapping on the digital arena to promote your goods and services. Visibility in the SERPs is a proven way to gain more clients and eventually expand your brand.
ReplyDeleteI agree with the last paragraph. Marketers were never in control of their customers' brand perception. One proof is that most companies tend to change their trademark logo because it isn't trendy anymore. People will always look for a new design that stimulates their imagination. This certain case mostly happens in the food/restaurant business.
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