Role of in building a
BRAND
Rise of social Media
Shift in power
CustomersProduct
SOCIAL MEDIA can make falling,
short instantly painful.
Kryptonite’s easily picked locks
And Dell’s flammable laptops.
Companies that might SUCCEED inthis environment are exploiting
the OPPROTUNITIES.
Marketers must make lively exchanges with the customers
Market was PRODUCT centred
Marketing MixFour Ps
-Product -Place-Promotion-Price
Now a days –
CONSUMER Centred
Modern Marketing Management
-People-Processes-Programs-Performance
Consumer SATISFACTION should
be the main focus.
Research on how BRAND and itswider PRODUCT CATEGORY fits
into people’s lives.
Example : Samsung (MultinationalOperating in India)
S-category Core category
Marketers get to know about the Demand of the customers through
SOCIAL MEDIA.
Idea of open
DISCUSSION FORUMS
An EARLY ADAPTER of social networking.
Beinggirl.com : Illuminates
the target consumer’s world.
Indian market has a variety
of SEGMENTS
Geographic Segmentation
Demographic Segmentation
Psychographic Segmentation
Social media helps in recognising
these SEGMENTS and DEMANDS.
Target Market Aware Open to
trial
Trier (non-
rejecters)
Recent users (in
past 3 months)
Regular users (at-
least once in every 2 weeks)
Most often used
Loyal
The Marketing Funnel
What are target consumers ?
Indian Conflicts(because of a large crowd for an individual segment).
Marketers must learn how to overcome conflict situation and criticism faced by the company.
Show PATIENCE at these times.
Show CONFIDENCE in product’sperformance.
Set-up a separate
team for analysis on CONSUMER’Sreports.
Have FAITHin yourself
1. They offer and communicate a
clear, relevant
CUSTOMER PROMISE.
2.They BUILD TRUST by delivering
on that promise.
3. They drive the market by
CONTINUALLY IMPROVINGthe promise.
4. They seek further advantage by
INNOVATINS beyond the familiar.
SCANNING every competitive brand’s website and pay attention to the most viewed posts.
Keep the website UP TO DATE
If anything goes WRONG with the
website, inform the customers and connect with them through social sites.
Pay special ATTENTION to
LOYAL CUSTOMERS
Innovative thinking
PARTNERSHIPS with other good
companies.
What if SAMSUNG patch up with a
company that produces best glasses ?
Improvisation on screens of LAPTOPSand ANDROID PHONES.
Go viral but don’t harm the
BRAND.
Show the world your
BRAND and VALUES.
These slides were created by
Yovan Sethi, as part of an internship done under the guidance of
Prof. Sameer Mathur(www.IIMInternship.com)
Disclaimer