I just saw a very funny--or is it sad?--YouTube video on how client pricing issues would get played out in real-world scenarios. My apologies in advance to those clients who understand the difference between a taco-stand taco and a filet mignon vs. those who believe they are paying for beef.
It should be said, these issues are more likely to happen with large agencies and when clients are unfamiliar with pricing structures, have not been educated appropriately about the services they are buying, or in general lack the experience or humility to succinctly acknowledge differences in expectations. This can be exacerbated when a marketing firm is too busy to develop the relationship or believes the account is too small to act as a trusted advisor.
It would be interesting to see the client-side version of this video.
See for yourself: http://www.youtube.com/watch?v=R2a8TRSgzZY
Showing posts with label advertising agency. Show all posts
Showing posts with label advertising agency. Show all posts
Thursday, June 4, 2009
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.
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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