Archive for December, 2007
Advertising can be broken up into two categories: product advertising and brand advertising. Both types of advertising have their uses and inherent strengths and weaknesses. Brand advertising can pave way for a new product release, and product advertising can enhance existing brand marketing strategies.
When I tell people I am in marketing, they assume I am in either sales or advertising. In fact, most websites that ask you to enter your profession lump advertising, sales, and marketing into the same category. In a world where few understand the differences between these three disciplines, what is the point of trying to distinguish them?
I read an interesting article in November’s issue of Marketing News. “Learn to Use Communication’s Negative Space,” by Prophet’s Kevin O’Donnell is a great piece on how to pull your marketing message out of the clutter of every day life.
The last two days featured a case study on targeted marketing and rebranding. A fictional bait & tackle shop tried to target its “perfect customer.” The first attempt was a miss and actually hurt business for the shop. However, it also yielded a great deal of information about the market and helped determine who the real perfect customer was.
Yesterday, I gave you a hypothetical marketing situation. We run a bait & tackle shop. Having defined our perfect customer, we changed our store layout and image to fit them and waited to see how this changed our business. Today, three months later in the thought-experiment, we see business has declined in two of our three market segments and remained unchanged in the one we thought was our perfect customer. What do we do to fix this?