Hello, I’m Jim
Glover, That Branding Guy, for Once a Day Marketing. Today is Smart
Monday, and we are going to make sure that you are not caught in the brand
awareness trap.
A lot of
companies today still feel that their product is for everyone and they should
market to everyone. The reality is
awareness isn’t the main element in increasing brand strength, it is how
relevant your product is in the minds of your customers and how your brand
resonates with them.
Relevance –
let’s think about it. If you are seeking
a Volkswagen and you see an ad for a Porsche that is not very relevant is
it? It’s also not going to resonate with
you or stick in your mind. You are focused
on small cars and gas economy, not a high performance vehicle like a Porsche.
In today’s
environment, we are moving toward an increase in niche marketing and
customization to create top of mind. Let’s
look at an example to zero in a little more on brand relevance and brand resonance.
In the category
of shoes there are numerous brands and a constant stream of advertising. It doesn’t always mean something to the
viewer because it isn’t the type of shoe they are looking for.
Take
Converse, they have been around for a long time and are a very affordable, casual
shoe. Converse is not a sports
performance shoe like a Nike but many people wear them with jeans or other
casual clothing.
Vans shoes are
very similar in style to Converse.
However, Vans has a different target market. Customers of Vans are kids on skateboards or
doing action sports. If a customer hears
the Vans ad and they aren’t seeking that type of skateboard shoe it would not
be relevant or resonate with them.
Next we’ll
look at Bally of Switzerland. I often use
this example in my lectures and find that many people have never heard of Bally. They offer a high-end, expensive shoe. A pair of loafers may be priced at $400. Unless customers are seeking an expensive pair
of loafers, chances are they don’t know that brand, it isn’t very relevant and
it doesn’t resonate.
Lastly, Nike
has the ability for customers to go online and actually customize a pair of
running shoes. They are able to select
color, style, and even have their name embroidered on the shoe. Nike is moving more toward customization and
creating, in this case, a market of one.
The example
of Nike demonstrates how true customization focuses on an individual
customer. As a result, when that
customer hears the message and it becomes very relevant to them; they feel
special and preferred.
Increased
customization is something you should strive for in your business. Is it possible for you to create niche or
customized products that really zero in on a particular group, or even down to
the level of a market of one? If you are
able to achieve greater customization, when you advertise it’s going to be very
relevant to your customers, it’s going to resonate and they are going to specifically
seek you out for that product or service.
That
concludes Smart Monday. Join us tomorrow for Strategic Tuesday. To discuss
an online or face to face service engagement and enhance the marketing and
branding for your organization, contact James Glover: (505) 501-1330 or
onceadaymarketing@gmail.com. I’m Jim
Glover, That Branding Guy, for Once a Day Marketing and we’ll see you
next time.
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