Surviving the turbulence....
SHIRAZ LATIFF Chartered Marketer
What better way to create customer following than to create a
community of your own customers who will spread your Gospel? Today, the
social networks are a major tool that marketers can use to go beyond the
conventional approaches.
Guerilla Marketing
Jay Conrad Levinson, author, trainer and expert on Guerilla Marketing
speaks of “achieving conventional goals, such as profits and joy, with
unconventional methods, such as investing energy instead of money.”
Guerilla Marketing is an unconventional system of promotions that
relies on time, energy and imagination rather than big marketing
budgets. Through these unexpected and unconventional methods, consumers
are targeted in unexpected places, which can make the idea that is being
marketed memorable, generate buzz, and even spread virally.
Eric P. Strauss, founder of Crazy Carrot Juice Bar Inc., (which was
later sold to industry giant Jamba Juice) used a life-size carrot
costume for popularizing the brand.
He used the costume to promote the company at big Halloween parties
and special events. The ‘Carrot’ became very popular. People stopped to
be photographed with the Carrot. It generated a lot of attention to the
juice bar concept.
The St. Paul, Minnesota based company, which started with two
employees in 1998, reached five locations and 65 employees within a few
years.
Another brilliant Guerilla Marketing tactic was used by eBay Belgium.
The company placed stickers saying ‘Moved to eBay’ on empty shop windows
around Brussels. Though the company may have had to reimburse the
landlords for using their space, it was a great move.
Guerilla Marketing involves unusual approaches such as intercept
encounters in public places, street giveaways of products, PR stunts and
any unconventional marketing intended to get maximum results from
minimal resources. Jay Levinson, in his book, ‘The Guerilla Marketing
Handbook’, states:
“In order to sell a product or service, a company must establish a
relationship with the customer. It must build trust and support. It must
understand the customer’s needs, and it must provide a product that
delivers the promised benefits.”
In other words, the objectives of the organizations do not change
regardless of the method of marketing that they use. The unconventional
methods give more opportunities to interact with the consumer and to
draw the product or service closer to them.
Experiential marketing
Experiential Marketing (EM) is a hybrid of Field Marketing (FM) shop
floor product promotion techniques, e.g., sampling, merchandising and
point of sale offers. Only, the objective of experiential marketing is
not to just sell more products or services, but to engage a target
audience with the ‘personality’ of the brand through experiencing it.
Experiential Marketing gives customers an opportunity to engage and
interact with brands, products, and services in sensory ways that
produce the icing on the cake of providing information. Personal
experiences help people connect to a brand and make intelligent and
informed purchasing decisions.
The term “Experiential Marketing” refers to actual customer
experiences with the brand/product/service that drive sales and increase
brand image and awareness. It’s the difference between telling people
about features of a product or service and letting them experience the
benefits for themselves. When done right, it’s one of the most powerful
tools out there to win brand loyalty.
Appealing to a variety of senses, experiential marketing seeks to tap
into that special place within consumers that has to do with inspiring
thoughts about comfort and pleasure, as well as inspiring a sense of
practicality. This means that the marketer needs to have a firm grasp on
the mindset of the target audience he or she wishes to attract.
By understanding what the consumer is likely to think and feel, it is
possible to get an idea of how to steer the customer in a direction that
will relate with the product, and entice individuals to act on that
impulse to purchase.
An example of this is what Dove body products has in its long running
campaign for real beauty - challenging the stereotypical model of female
beauty. This has included building an online sharing community, emotive
photography, brand space road show, in store sampling and using real
women in its advertising.
Brief synopsis
What was discussed above was a brief synopsis of some of the
unconventional approaches marketers can take, either when the
conventional approaches have reached the optimal levels or when a
recessionary economy has called for trimming down the marketing budgets.
In times like these, organizations are cutting down budgets without
any rationale to survive the ‘winter’. However, hibernation is not going
to keep them alive until the world has recovered from the bruises of the
economic recession. Those who dare to take the bold step towards trying
the unconventional will survive the unprecedented times like these.
It is about time that organizations in general and marketers in
particular, began to think outside the box not only to survive these
trying times but to succeed in their marketing endeavours.
With this approach in mind, the Ninth CIM Annual Conference envisages
to explore the unconventional marketing strategies and their
practicality in a Sri Lankan context with some leading overseas and
local speakers sharing their thoughts and experiences. |