22 Feb 2008 03:49:06 | Louis Victor - New Age Media Concepts
New Age Media Concepts issues its first article of many that
will focus on the advertising and marketing industry.
"If a young man tells his date she's intelligent, looks lovely,
and is a great conversationalist, he's saying the right things
to the right person and that's marketing. If the young man tells
his date how handsome, smart and successful he is -- that's
advertising. If someone else tells the young woman how handsome,
smart and successful her date is -- that's public relations." By
S.H. Simmons.
Welcome to New Age Media Concepts, Inc. where we understand your
needs and how to maximize your marketing dollar.
Marketing is your strategy for allocating resources (time and
money) in order to achieve your objectives. People have their
own unique perceptions of the world based on their belief
system. The most innovative ideas, the greatest products, or a
superior service succeed only when you market within the context
of people's perceptions. This is true from something as simple
as the pet rock craze of the 1970s to the marketing muscle of
Wall Street and the Internet boom of the 1990s.
Context can be many things, singly or simultaneously. To name a
few, you may market to your customers within the context of
their wants, needs, problems solved, or situation improved.
Current and potential advertisers need to be aware of many other
contexts, such as social and economic trends or governmental
regulations.
People don't just "buy" a product or a service. They "buy" the
concept of what that product will do for them, or help them do
for themselves. People just don’t “buy” a laundry detergent,
they buy the perceived notion of what that laundry detergent
brand says it can accomplish for them. Otherwise every brand in
the supermarket will be a no-frills. This is not to say that if
a product fails to meet the customers’ expectations that product
will be successful in the long haul. No amount of advertising
and marketing will help a failed product succeed in that
scenario.
To have a successful campaign a product or service must
understand that they need to start out with something a consumer
needs, wants, or improves their situation and that product or
service actually does help the consumer for the long haul.
The New York Times said it best in a recent article, “Companies
can’t Buy Love with Bargains” Building brand loyalty is more
than just hyping the consumer into buying a product, it’s
gaining their trust and the trust of their family both today and
for years to come. One example of great brand building is H.J.
Heinz, (NYSE: HNZ) they have been around for decades and they
gained the loyalty and trust of the consumer spanning
generations, now that is great brand building.
Anyone could hype a brand for short term gains but that doesn’t
accomplish the goals of the advertiser or the consumer. It looks
good initially but what happens when the product isn’t flying
off the shelves any longer and the consumers have lost trust in
the product or the company?. Of course you need new and
innovative ways to get your message to the consumer but this
message has to be geared to building consumer loyalty and not
just hype. Even the largest companies make this mistake and pay
for it with decreased sales and profit margins.
So whether a consumer is buying a car from Ford (NYSE: F) , a
can of beer from Anheuser Busch (NYSE:BUD) or software from
Microsoft (Nasdaq:MSFT), the advertiser needs to cater to the
needs of the consumer.
About Author :
Louis Victor has been involved in the investment, advertising
and marketing industries for almost two decades.