Media Mughals
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Activity:
Question posted: 05 28 2008 00:19:57 +0000,
2 answers, 137 views, last activity
07 06 2010 20:18:08 +0000
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My beleif is that media saturation will not have that much of an impact on direct product sales or brand loyalty because today's definition of media itself is changing constanlty to add newer mediums. And there are multifarous ways to promote any brand depending upon which category it is in. Also Brand loyalty today is driven more by the satisfaction levels of its consumers. for eg. i am a hard core beleiver in Samsung products because i am absolutely convinced of its quality, design and pricing. Hence i am loyal to the brand irrespective of any media saturation.
And no i dont think convergence of media has had an effect on brand saturation instead i feel it has increased a brands visibility at a low cost. I draw upon the example of Google that dayanand had mentioned and use it in say Starbucks. I could have a tie-up with starbucks and open an e-counter on google website wherein u place an order anywhere in the world and a starbucks coffee would be delivered to you from the nearest outlet to your location.
Imagine the immense potential for starbucks in this deal and they could themselves project this at all their outlets with a simple saying like "Starbucks now on Google too". As a member of google's team i wouldnt be spending much at all on this kind of promotion. In fact it is a win-win situation for all. Hence convergence has only increased the non-traditional methods of advertising for a brand and leads to so many immense permutations that can be worked out.
This is a very interesting question because there are so many dynamics in increasing product sales and brand loyalty. While I don't claim to know the answer, I do have an opinion based off of anecdotal experience.
I think media saturation can have both positive and negative effects on sales and brand loyalty, and that the convergence of media has had a definite affect on brand saturation.
First, I believe the convergence of media presents some really great opportunities for brand managers to advance their brands in some very creative ways - take mobile campaigning for instance. It also allows for greater consumer participation within your brand discourse, which can be both good and bad ... Good if your product is strong and more people are supporting your brand than the competition's. I think about brands such as Starbucks and Google who spend relatively low amounts on advertising, but are some of the strongest brands. I think, "well what's so different about them?" And then I realize they are leveraging the convergence of media to their advantage, 1. in that they have everybody talking about them from traditional media coverage of Starbucks closing for three hours or Google's universal take-over; and 2. strategic alliances are being formed in these venues, i.e., I-tunes and Starbucks, Google and You-Tube.
In these instances, I believe we can see how media saturation has led to greater sales and brand loyalty.
As for social marketing, I think this is an area that is still too new for definitives. There is a lot of opportunity here as well if done correctly. Personally, while the idea of targeting is a great idea, I believe there has to be better, un-obtrusive ways of getting your brand in front of your target audience ... eh hem ... Facebook. Perhaps some sort of product endorsement area on a person's profile or something ...
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Ethics do matter but what would you do with all those ethics if you get no profit?? Wouldn't that be quite useless?? Both have to be in balance.. I am not supporting profit over ethic..but I want to tell that a person gets into a buisness to earn.. He... |
nice article...informative. |
Make the debate meaningful.... I didn't get u !! |