Global and national economic times are tough, yet we face some of the toughest challenges as humankind ever. The future of our economy as we know it, growing poverty and the huge challenge caused by the impact of our civilisation on the environment - global warming.
Somewhere inside these issues lie golden opportunities for the entrepreneur - with the mind of the fox.
Many clients are cancelling advertising budgets - an easy target during times of recession. Yet, are you ready to throw away all of the past equity you have added to your brand by diminishing your marketing efforts? Advertising and other media promotion efforts are strategic endeavours. Brands are not built overnight, but rather along the lines of a consistent long term campaign, supported of course by product performance or service that meets the promise.
As a strategic long term effort, it is hard to contradict what the Harvard Business School has to say about holding the lone during difficult times:
“The company courageous enough to stay in the fight when everybody is playing it safe can bring about a dramatic change in market position.” HARVARD BUSINESS REVIEW
The gift of the 21st century is the gift of choice. How many businesses have had the foresight to test and try all the new media presented by the digital age? It's not necessary to cancel or postpone your marketing efforts. Maybe adjust the channels ...
Showing posts with label growing business. Show all posts
Showing posts with label growing business. Show all posts
Monday, February 20, 2012
Monday, April 14, 2008
EFFECTIVE COMMUNICATION IS KEY TO BUILDING BUSINESS
You’ve done the hard work in investing, setting up your corporate infrastructure and in getting your products and services into the market but you feel that your turnover could be bigger? Sounds familiar because many companies fall into the trap of not effectively informing the market what they are offering and why they are different.
In the view of marketing and communications strategist, Gareth Griffiths, CEO of marketing communications company Energy MC, many companies also make the mistake of investing substantial resources in buying advertising space, be it on radio, newspapers, magazines or websites and then fail to put together an effective message. They fail to use the simple “ABC” of effective marketing communication.
A – for Articulation – stands for the preparation of an effective message and for deciding the most effective way of putting it across. Many businesses fail to use the full mix of opportunities available to them. “I’ve seen it time and time again”, says Griffiths. “The client usually is sold on a visually creative and often expensive advertising design. However, because the designer – often a person with a background in design or in arts – knows little about media and the additional opportunities available through the editorial channels, the client only gets half the potential of the money invested in the ad”.
It is also vitally important to use the right language, says Griffiths. “Clients write the worst do-it-yourself scripts because they are too close to their own businesses. A disconnected, but informed and clear view is the best”, he says.
B- for Budget – this means that the client should budget adequate resources towards doing the promotion. In particular, shortcuts or “homegrown jobs” should be avoided. It is highly advised to call a professional service provider to help with the creative content and also negotiate the best deal with the magazine, website provider or radio station.
C – for Commitment over the long term. It takes a long time to build a brand image that attracts customers. Many fine advertising and promotional campaigns are ditched at too early a stage due to either ineffective budgeting or the client’s impatience.
Advertising and other forms of marketing communications are really a form of “Show and Tell. The showing comes from the effective use of photographs and images which graphically illustrate your products or services at work and the telling comes from using the type of words and sentences most appropriate and interesting to your audience! It’s that simple” says Gareth Griffiths.
In the view of marketing and communications strategist, Gareth Griffiths, CEO of marketing communications company Energy MC, many companies also make the mistake of investing substantial resources in buying advertising space, be it on radio, newspapers, magazines or websites and then fail to put together an effective message. They fail to use the simple “ABC” of effective marketing communication.
A – for Articulation – stands for the preparation of an effective message and for deciding the most effective way of putting it across. Many businesses fail to use the full mix of opportunities available to them. “I’ve seen it time and time again”, says Griffiths. “The client usually is sold on a visually creative and often expensive advertising design. However, because the designer – often a person with a background in design or in arts – knows little about media and the additional opportunities available through the editorial channels, the client only gets half the potential of the money invested in the ad”.
It is also vitally important to use the right language, says Griffiths. “Clients write the worst do-it-yourself scripts because they are too close to their own businesses. A disconnected, but informed and clear view is the best”, he says.
B- for Budget – this means that the client should budget adequate resources towards doing the promotion. In particular, shortcuts or “homegrown jobs” should be avoided. It is highly advised to call a professional service provider to help with the creative content and also negotiate the best deal with the magazine, website provider or radio station.
C – for Commitment over the long term. It takes a long time to build a brand image that attracts customers. Many fine advertising and promotional campaigns are ditched at too early a stage due to either ineffective budgeting or the client’s impatience.
Advertising and other forms of marketing communications are really a form of “Show and Tell. The showing comes from the effective use of photographs and images which graphically illustrate your products or services at work and the telling comes from using the type of words and sentences most appropriate and interesting to your audience! It’s that simple” says Gareth Griffiths.
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