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Entireweb Weekly Newsletter

The 6 C’s Of Marketing Unleashed

Okay, so we have all learned about the 4P’s of marketing in undergrad: Product, Place, Price and Promotion. If not, you can open up one of your old marketing text books, blow off the dust and read about it there. The 6 C’s, however, is a not a concept that replaces the 4 P’s; rather, it just expands on the promotion element and provides a more granular approach to consumer marketing.

CUSTOMER:

In this day and age, a company’s marketing strategy needs to be customer focused. It’s about understanding the target consumer; their wants, needs and motivations. Not as demographics, psychographics or any other graphics, but as real people. Its understanding why customers do what they do (or don’t do),when they do it and why they do it. Such knowledge is critical in marketing since having a strong understanding of buyer behavior will help shed light on what is important to the customer. It’s about focusing on the target customer first and then working back to the brand. It’s imperative that companies have mindshare before focusing on market share.

CONSISTENCY:

Companies need to maintain consistency in their message; a practice called integrated marketing communications - from packaging and advertising to sales promotion and publicity. This will maintain and reinforce a brand’s personality and image in a real life context and avoid doing something brainless like changing the distinctive color of the UPS truck to orange. I am sure it’s been talked about.

CREATIVITY:

Creativity is imperative to attract attention in a world cluttered with thousands of messages. Creativity means laying aside the rules, and engages in out-of-box thinking so that marketers can reach beyond logic and structure and tap into their imaginations.

* Creativity Informs: Marketing’s responsibility to inform is greatly enhanced by creativity. Creativity makes marketing more vivid, and many researchers believe vividness attracts attention, maintains interest, and stimulates consumers’ thinking.

* Creativity Persuades: The ancients Greeks created legends and myths about gods and heroes -symbols for humankind’s instinctive longings and fears - to influence human behavior and thought. Today’s marketers are doing the same thing; they are creating new myths, heroes and symbols like Ronald McDonald, the “Can You Hear Me Now” guy from Verizon, and more recently the Gecko from Geico Insurance.

* Creativity Reminds: Imagine using the same invitation, without any creativity, to remind people to try a particular product everyday for a month. The invitation would become stale very quickly. Only creativity can transform boring reminders into interesting, entertaining marketing communications. Nike is proof. Several commercials in a Nike campaign never mention the company name or even spelled it out on the screen. Each communication told a story. And, the only on-screen cue identifying the sponsor was a single “swoosh” logo inscribed on the final scene.

CULTURE:

All marketing communications needs cross-cultural research to be able to succeed. It’s simple to see things from your own perspective, assuming that everyone else in the world thinks exactly like you and should understand what’s so great about your product or service. Just reading about all the mistakes made by large corporations proves that even the most sizable and experienced marketers have made errors time and again.

One of the most famous examples is Coca Cola translating the name into Chinese without back-translating it (”bite the wax tadpole”), ultimately resulting in a horrible response from an insulted society. Marketing books are full of examples like these. As David Ogilvy, known as the Father of Advertising, states, “If you are trying to persuade people to do something, or buy something, it seems to me you should use their language, the language in which they think”.

COMMUNICATION:

This one is basic. Consumers don’t want to be “marketed to”. Rather, they want to be “communicated with”. Good marketing communication creates value with target customers, speaks in their language and tells your story. It’s about building long term, trustworthy, and profitable relationships with your customers. As Seth Godin states, it’s about reinforcing the lies that consumers tell themselves everyday (i.e. I look much better in these jeans from Abercrombie; they make me look sexy).

CHANGE:

Marketing is not just a business function, but a process. There is a beginning, middle, but there is never an end. Marketers must constantly CHANGE as society changes. They should never be afraid to try something new. Marketing today is not what it was 2 - 5 - or even 20 years ago. Marketing needs to be an evolving process that considers change in the world, economy, market, consumers; as well as internal change within the organization.

Conclusion (not the 7th C)

So there it is; the 6 C’s of marketing - Customer, Consistency - Creativity - Culture - Communication and Change. I am sure that these will be published in every text book in the country within the next ten years and I will be a rich, well known author. Yeah right!

Source: Entireweb Weekly Newsletter

Vishing

As if phishing scams weren’t enough to worry about, villains have a  new trick: vishing. The fraudsters try to persuade you to hand over sensitive data, which they can then exploit, but this time they’re using fake phone messages.

So, how does it work? Vishing target receive an email that asks them to call their bank, and the number appears to be a local telephone number. It isn’t - it’s a Voice over IP (VOIP) number, and when you call, you hear an official sounding message that asks for your bank account details. The message is fake, and if you provide your bank account details, you’ll soon find a big hole in your account.

Vishing is easy to avoid, though. If you get an official-looking email asking you to call your bank, be suspicious. And use the telephone number you’ve already got rather than the one in an email message. As ever, trust no-one.

Marketing Tips

Here are 5 essential marketing tips…

1. If you are currently running adverts of any sort of with which you cannot measure the response then STOP THEM NOW! The first rule of marketing is that you need to be able to test the response rate on every form of marketing that you use. If you run an advert and you get a 1% response rate then you can change the advert, run it again and see if the response rate improves. Eventually using this method, you will be able to at least double the response you are getting! All too many companies fall into the trap of running the same advertising and being too scared to stop it in case it affects sales.

2. You need to be using Google Adwords to attract prospective customers to your website. You might have already tried this and found that it cost too much money. If this is the case then you were not using it properly! In a nutshell, you need to be bidding on the less obvious keywords, having one advert per keyword, with the keyword in the advert title and running multiple adverts next to each other so that you can drop underperforming ads.

3. You need to be running multiple methods of marketing. Don’t just use one method of marketing, use lots! There are loads to choose from…. Pay-Per-Click, Internet Advertising, Affiliates, Referrals, PR, Traditional Adverts, Telephone Marketing, Direct Mail… the list goes on. If you can run at least one campaign in each of these marketing typer then you will substantially increase your profits!

4. Forget about trying to sell to your customers and try and build relationships instead! You need to do everything you can to make your customers refer to yourself as the prime source of information for your chosen field. If you can manage to do this then your customers will buy from you time and time again. You should have an email sign up on the front page of your website which compells the customer to register. For example if you sell bathrooms, you might have ‘The top 10 mistakes people make when choosing a bathroom’ When you get customers signing up to this, you can send them further information on bathrooms in general, and also details of the products you sell.

5. Most merchants believe that the way to increase profits is to increase the number of customers you have… This is only partially true. In fact, there are three ways to increase your profits. Firstly, as we have said, you can increase the number of customers you have. This is actually the most difficult and expensive of the three. Secondly you can increase your prices. The fact is that most merchants try and compete at the bottom end of the market. This is not ideally what you want to do. Try and position yourself at the middle to top of the market and re-inforce this with your quality, support etc. Many companies actually find sales increase as a result of this. Finally, you can try and sell your existing customers more things. This means you need to keep in regularly communication with your customers. When was the last time you contacted your customer base? If it wasn’t this week, then you are missing out on potential sales!