Just when you think that marketing people
had exhausted all advertising media, someone comes up with
a new one. Ben Rogovy, a 22 year old Seattle entrepreneur
is employing panhandlers to advertise his web site, Pokerfacebook.com,
in exchange for an undisclosed amount of food, water and cash.
All the panhandlers have to do is hold up a sign featuring
the advertised web site address. Since employing bum-vertising
(a term Mr. Rogovy intends to trademark), hits on his website
have increased from hundreds a day to thousands a day. The
publicity associated with the unorthodox approach can’t
be hurting his business either.
When it Comes to Colors, Names
Matter
I have written before about the importance
of color choice in brand identity systems and retail environments.
Recently, The Journal of Consumer Research reported on research
conducted by Barbara Kahn of the Wharton School and Elizabeth
Gelflan Miller of Boston College. These two marketing professors
conducted research to understand what effect unusual names
might have on the popularity of colors and flavors. They found
that unusual names were more popular than expected names if
people were given enough time to think about their decisions.
So, while a surprising name might not get someone to buy a
color or flavor that he or she does not like, it would make
the difference if a person was choosing between two brands
of the same color, one bearing a common name and the other
an unusual name. The unusual name will almost always be preferred.
Whether you are in the cosmetic, paint, ice cream, or crayon
business, this finding has implications for you.
B2B Purchaser Motivations
These purchaser motivations are usually present in
B2B buying situations:
- Price
- Perceived quality
- Technical specifications
- Warranties
- Other service or post-sale support
- Financial stability of the seller
- Buyer’s past experience
- Organizational policies
- Fear of making a mistake
- Friendship
- Seller’s interest in buyer’s business
- Persuasiveness of seller
Source: The Nuts and Bolts of Business-to-Business Marketing
Research, Gabriel M. Gelb – Gelb Consulting Group,
Inc. as featured on CRM University Learning Center. |
Sponsorships: Something to Consider
More and more today, we see sports stadiums
and arenas, theaters and other buildings being named after
the companies whose sponsorship dollars allow them to put
their names on those buildings. While this may very well help
in establishing and reinforcing a brand’s awareness
among a large local audience over time, many people view this
to be one of the worst forms of crass commercialism. Instead
of naming buildings after founders, civic leaders or other
heroes, we now name them after the highest bidders. Historical
names are replaced with the names of the brands with the biggest
bucks. While this does not seem that different from a university
naming a building after the philanthropist who made the building
possible or a theater naming a seat after a donor who donates
a certain amount of money, to many, it seems indicative of
all the things that are wrong with our over commercialized
society.
Did You Know?
- In general, it is much more important for a brand
to focus on gaining the zealous support of its primary
customers than it is to try to gain the business of
a much broader audience. If the primary customers
are “brand fans,” others will follow.
- Risk taking, innovation, breaking industry rules,
products that over perform and services that exceed
customer expectations strongly contribute to brand
vitality. “Adequate,” “suffice,”
and “good enough” are not a part of a
vital brand’s vocabulary.
- The products and services that achieve the most
“buzz” and that benefit the most from
“buzz” are innovative, leading-edge, and
of superior quality – often creating a new standard
for customer experience.
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Brad VanAuken is president and founder of BrandForward, Inc., a full-service brand management consultancy with clients throughout the world. Previously, Brad was the vice president of marketing for Element K, a leading e-learning company and director of brand management and marketing for Hallmark Cards, Inc. During his tenure as Hallmarks chief brand advocate, Hallmark received the Brand Management of the Year award. Recognized as one of the worlds leading experts on brand management and marketing, Brad is a much sought after speaker and writer. He wrote the books The Brand Management Checklist and Brand Aid. His free online brand management and marketing newsletter is read by thousands of marketers throughout the world. Brad has a BS degree from Rensselaer Polytechnic Institute and an MBA from Harvard Business School.
Email:
vanauken@brandforward.com
Company Profile:
BrandForward, Inc.
Company URL:
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