"Advertising is not the be all and end all of marketing"
Brand in all fairness adds something to a product, brand needs to create a preference in the mind of a consumer/customer they do so with a help of a Brand Identity which comprises of a Logo, Name (distinct), Packaging.We live in a branded world. Brands are products not the converse. Commodities don't need to be promoted but brands do. People believe and rightly so, that a brand will invariably be better than a commodity.
In advertising there are only 3 scenarios:
1. New Concept > New Product > New Brand > First Time Consumer > First Time Brand. This scenario happens quite rarely. Almost once or twice in one's life time.
2. Existing Product > Existing Brand
3. Existing Product > New Brand.
All the brands operate in a market with reference to 'B to C' (Business to Consumers).
Assignment :
In each category you would be required to know about the brand perception across at least 2 or 3 brands across various pricing ranges (one price range)
You're required to make a matrix who's constituent parts are 'Brand - Price - Salient Features'
Every marketing collateral available should be sourced for this will be used as 'supporting material'
Consumer Promotions know how is a must.
1. Brand
2. Supporting Material
3. Consumer Promotions.
Project is due on 22.08.2013
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