Monday, January 7, 2008

Focus on . . . Advertising

To follow is an excerpt from my Quarterly Newsletter. To request the full text, send me an email. You can also sign up for future editions on my home page.

I've seen some confusion lately among small business owners and micro-business owners about the relationship between marketing and advertising as well as how to effectively produce ads. If we're looking at a textbook model, Marketing is responsible for Promotions, and so I consider advertising an important part of the plan to promote your product or service. Developing an effective "ad campaign" is a good first step towards establishing your new brand and/or generating awareness in the market about your current brand. To help you achieve this, whether you do it yourself or engage my services, here are the keys to planning your successful ad:

1. Position. Determine your position by knowing your target market and your competition. If you haven't done at least a basic market study, or have scattered information that needs to be compiled, doing so will be a major success factor in your strategic marketing efforts overall, as well as any advertising effort. Armed with industry research and target market needs, you'll be able to create an effective message.

A Primo Position: Diet Coke has two innovative, eye-catching yet simple ads. One ad shows a condensation-covered can with a cardboard insulating sleeve typically used for coffee around it and the headline "Good Morning." Another ad shows 3 images of the same sleeve-clad can with the headline "Three-hour meeting." This is a brilliant campaign strategy to carve out a potential new market--folks who prefer a cold, easily accessible, cheaper "coffee" as they head to (or cope with!) work. If you've read my previous newsletter about Coke BlaK, you'll see that the advertising track is a much better competitive strategy than costly new product development.

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