What makes you and your brand better than the competition?
“Branding is not just about being seen as better than the competition.
It's about being seen as the only solution to your audience problem” – John
Morgan
A marketing strategy deployed conspicuously to increment
sales only going to reveal the business myopia of the organisation concerned.
Marketing – be it orthodox (offline, television, radio) way or digitally
practised must succeed in selling a set of beliefs and sentiments to its
targeted audience. Achieving it is to get the consumers onto the same page as
the organisation is, and once that is attained, conversion or sales is reduced
to a mere cakewalk.
Marketing is an art to create an image and connect emotionally
with its customer. Humans tend to choose things emotionally and the better
connection they form with a brand, the more chances of them possessing towards
it. Over the period there have been several examples and companies who tried to
be different than others and make is the product’s USP and how it can tap into
the emotional lacunae of the consumers at large. However, in the era of edge
cutting competition, you cannot be merely different than others. Instead, there
are other more valuable specific concerns varying from brand to brand matters
to be outstanding with your competitor. This might range from customer support,
problem-solving approach, the credibility of the brand, the quality and belief,
technology evolution. The trust and value of serving for the satisfaction of a
customer play an edge in the market and confidence with a brand itself open the
door of "Word of mouth". Why a customer trusts Amazon more than any
other of its e-commerce competitor, speaks volume of its sustainability in the
industry? Why when we think of ordering some online gifts we consider Archies?
Why we prefer to shop online on Myntra and Jabong more than others? Why?
Customer's connection with a brand.
There is various kind of efforts any brand can do for
keeping it competitive in a market. For any brand, there is a cycle of growth
to declination. The one which survives is the one who is competing. Innovation
is one way to outlast in the market. The new technology, when used by
competitors, cannot be ignored. The better you innovate, the different you
stand out from rest. Like when Android launched, and Nokia continued to stick
on its Symbian OS, even being trusted by the customer and maintaining its
reputation, it could not succeed to survive. Key is to be with the change. The
technology moves on every day, and in the era of laptops, Palmtops, no one
would choose to use CRT monitors. The world is growing with Artificial
intelligence and food is getting delivered at doorsteps. The ease a brand
provides to its customer for the usage becomes its priority. Humans are lazy,
and thus they tend not to like complicated things. The problem-solving approach
towards any business is a great deal.
“Marketing is no longer about stuff that you make but the stories you
tell”- Seth Godin
Driving sales, as I perceive it, is only a rewarding
by-product of the big agenda that marketing is. The online presence of a brand
does matter a lot. However, for a brand like Coca-cola, it may not matter much
because the reach to its customer is already organic and in the heart of
people, but this is not the same with every brand.
The age-old art of storytelling is still just as effective
when it comes to skewing the interests of consumers in one’s favour. Given the
fact that it’s a mid-range business, digital marketing naturally becomes the
preferred choice to brand the product. TV, radio and billboard commercials
should follow a catchy campaign idea that must carve a space for itself in the
heart and mind of consumers. Managing to create a comprehensive awareness about
the brand’s existence, is half the job done in marketing, for human psychology
works by being reliant on things that are widely recognised. With the audience
bearing a good awareness in their mind about the upcoming product or existing
product, digital marketing campaigns can then help us connect personally with
the customer base and help fetch necessary response about the product, which in
turn shall give us a fair idea of product’s market demand. Social media ads,
accurately targeted, can bring us great results. Even engagement activities
like creating a poll or quiz that allows customers to interact with the brands
extensively pave the way for a healthy business relationship. Interaction and
word of mouth give a brand an edge to be popular among its competitor.
Now there is one major concern which comes up and pounds the
head of a marketer, how can it be possible to judge if ‘A’ Company is a
competitor of ‘B’? Why is ‘B’ more preferred than ‘A’ doesn’t make brand ‘B’
better than ‘A’?
There lies a difference in the specific set of customer, The
class. Less community in comparison to folks may prefer the high range of brands.
The elite customer of a brand and the range of the target audience is another
significant matter of importance to ponder on! For obvious reasons, Apple has
its separate plate of the customer, while Xiaomi is midrange budget brand what
is pocket-friendly to the majority. This doesn't prevail the sense; Apple will
ever drop down its prices to meet the competitor's statistics, because, it has
a different target audience. The Quality, brand image, budget and audience
combined with basics of marketing tactics can always help a brand to grow and
be better forever.
To end up with a remark on how you can be better than others
is Emotional bonding with Customer and Satisfaction with a brand,
problem-solving Credibility, Innovation, and continuously improving
Technology for keeping it sustainable for years.
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