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Marketing Programs
Chapter 5
Experiential Marketing
Focus on consumer experience
Sony Metreon
Focus on consumption situation
Guinness museum
View consumer as rational/emotional
Nike sponsorship
Use eclectic methods and tools
Experiential grid (think, feel, do)
Group Activity
Design an experiential consumption situation for:
Sealy Posturpedic Mattress
Black & Decker products
K2 ski equipment
Product Strategy
Perceived quality
Brand intangibles
Relationship marketing & consumer value
Mass customization
Aftermarketing
Loyalty programs
Pricing Strategy
Consumer perception of price tiersfair pricetypical pricelast pricecompetitive pricingusual discounted pricepremium/ luxury price (value added)every day low price
Channel Strategy:DistributionDirect - identify prospects and visit or contact
them
pull strategy
company stores
web strategies
Indirect - agents, retailers, brokers, dealers;
push strategy
retail segmentation
cooperative advertising
Private Labels
Supermarket store brands
20% of all units sold, 15% dollar volume
Value positioning
Lower-price knockoffs
Trader Joe’s strategy
Profiling Activity
Pick a product category
Identify all the brands in that category
Develop a price tier for the category
(Fig. 5-7)
• Identify their pricing strategies
• Critique those you think should be priced differently
Better Pricing: Consumers First1. Consumer’s• value of product/service
Value variationsPrice sensitivityEmotional response
2. Company’s optimal pricing structure3. Competitor’s reaction
Levels of Brand Communications
Strategic Brand Management
Enterprise (company) Communication seeks to make firm more transparent to the outsider by revealing its physique,human, technological and financial means. Content is both factual and economic.Coke’s worldwide presence; Atlanta Olympics
Institutional Communication
Points to firms’ wider values; voice of the company’s heart.
Should make clear the company’s social justification.
Mobil’s People Do Campaign
Brand Communication
Expresses the meaning of the brand’s products.
Brand injects its own value into the product and transforms its status
.
Benetton’s Activist Advertising;Ford’s ‘Quality is Job 1’
Product or Service Communication
Targeted straight at the consumer or client trying to make a decision.
Messages & Incentives
MESSAGES
Short term
Long term
INCENTIVES
• Short term
• Long term
Nissan
‘Everything you need; nothing you don’t’ campaign for the Xterra SUV
Messages
Incentives
Database-driven relationships
Repository of information about customers and prospects
History of relationship transactions
Structural vs. relational databases
Match message with customer aggregate
Tangible asset
Emotional Branding
Feeling good about a brand
Changing Vocabulary of Emotional BrandingThink of consumers as peopleCreate products as experiencesConvert honesty to trustChange quality to preferenceShift notoriety to aspirationSwitch identity to personalityRevert function to feelMake communication a dialogTransform service into a relationship
Where does the brand hit?
HEAD - Aveda Shampoo smart, intriguing, stimulating, end benefit
HEART - Godiva Chocolate emotional/experiential, sensual, beloved, trust
GUT - Prada design wear sexy, cool, have to have it, ‘that’s me’