Thursday, November 2, 2017

Marketers must be bold to sustain brand visibility


Companies need to invest in a forward-thinking
Companies need to invest in a forward-thinking marketing agency that has an eye on, and expertise in, the myriad options that are available and the corresponding communication channels. FOTOSEARCH 
By JOANNE MWANGI YELBERT
More by this Author
Every day, marketers of corporate brands and boards meet to craft strategies that will launch and sustain brand visibility.
A tense political atmosphere is, of course, always a headache to any marketer that wishes they had foreseen political developments as they unfold.
In the case of Kenya, the last four election cycles remained quite predictable for businesses: Kenyans vote, see a winner declared, and life goes on. Indeed, such elections merely register as a blip in corporate budgets and marketing windows.
In contrast, however, owing to the uncertainty that surrounded the disputed 2007 presidential elections, companies slashed budgets and resources were drastically reviewed.
Be that as it may, marketing, training, business support functions and other key engines to successful marketing campaigns, are always the first casualty of uncertainties. Indeed, when CEOs want to prop up their dwindling profits, the first casualty is cuts in spending on the brand equity enhancement, maintenance and protection.
Short-term solution
Although to some, cutting the marketing spend may seem like an obvious option, the truth is that such a decision could make a challenging situation worse.
This is because reducing or freezing marketing budgets is a short-term solution. Prudent marketing professionals on the other hand, take a balanced approach to their marketing strategies, in order to remain profitable and competitive.
These are the times when businesses need to invest in robust strategic communications and marketing services.
In times of uncertainty, consumers favour those brands that reflect solidity through their marketing messages.
When your competitors are quietly waiting it out, you need to outspeak, outspend and outwit them. The customers you win during that window will be yours for the keeping.
It is, therefore, during uncertain times that smart companies should not show weakness.
Population of youth
In order to stay ahead of competition, businesses need to maintain a strong, consistent brand image with messaging that fills the gaps that competitors are missing and also work across all communication platforms.
It is worth noting that clarity builds trust and uncertainty knocks it down. People won’t buy into something they do not understand or believe.
Marketers should use language that is short and simple and focus on the most important points of the company, product or service.
The messaging must at all times be positive, so while the dynamics of the present are pertinent, marketers must not get lost in them. It is important not to miss the forest for the trees.
Our view must be strategic even as we meet tactical goals.
It is critical to study your company’s consumer demographics to know the type of people you should appeal to and determine how best to relate with them, producing products and services that they are interested in.
For example, a huge chunk of Kenya’s population is young people. They represent the future and can easily, and cost-effectively, be reached through social media.
Digital content
The latest PricewaterhouseCoopers’ Entertainment and Media Outlook: 2017–2021: An African Perspective report singles out Internet advertising as one of the fastest-growing sectors of the industry.
By 2021, digital advertising revenue is projected to hit Ksh23.4 billion ($225.6 million) from the current projection of Ksh14.6 billion ($140.8 million) for 2017, making it the third largest advertising category in Kenya.
In essence, many young people are consumers of digital content from, among others, Twitter, Instagram and Facebook to inform and shape their opinions.
Businesses need to ensure that their content is tailored to a young peoples’ tastes and preferences.
This can be achieved by diversifying the content that is put out and changing the tone of voice to suit this audience.
Sharing humorous content, creating eye-catching images with facts and using social media to address issues the youth care about such as education, lifestyle, health, housing, the environment and social justice is a sure winner.
Word of mouth
The best-known communication method since time immemorial however, remains good old ‘word of mouth’. The more people you have spontaneously remembering, choosing and recommending your brand to another, the greater your share of heart and pocket.
This is the Holy Grail of experiential and direct marketing communication.
In conclusion, companies need to invest in a forward-thinking marketing agency that has an eye on, and expertise in, the myriad options that are available and the corresponding communication channels.
The reality
Having a team of expert marketing professionals by your side to assist and advise you through an unstable climate is highly recommended for any B2C and B2B business.
Many managers think that they know better. After all, they are the ones that hire the agency, right? Wrong. The reality is, unless you have spent over 10,000 hours focused on as specific discipline, you don’t.
That is where agencies get their edge because they live, eat and breathe communication and bring several lifetimes of valuable experience to your desk.
The wide range of services, skills and breadth of knowledge an agency can provide is guaranteed to help your business thrive and stay highly competitive in your industry.
In a nutshell, marketers must think out of the box to knock out uncertainties.
Joanne Mwangi Yelbert is the group chief executive of Professional Marketing Services. Email: joanne.mwangi@pmsafrica.com

No comments :

Post a Comment