PRCI Module 2
PRCI Module 2
MARKETING COMMUNICATIONS
3. Define your unique value proposition. UVP makes your company stand out
and outperform your competitors. It’s essential to have one to demonstrate it
to your audience and prove that you are superior to other brands for a number
of reasons. UVP is a solution your customers need. If you succeed in helping
your customers, they will reward you with good revenue, word-of-mouth
promotion, a bigger customer base, a good position within the market, and
more. For example, Domino’s Pizza positions itself as a company that delivers
the freshest and hottest pizza faster than competitors, only in 30 minutes.
4. Bring the solution to customers’ problems. The next thing you should do is
to match customers’ pain points with the solution you offer. Create a table
with customer problems and product solutions. You should mark the offerings
that meet customers’ problems. Share this table with your team to create
messages that address clients’ issues and provide solutions. Align messaging
across all marketing channels you use for communication.
5. Select channels to deliver your message. The channels you use depend on
the goals you want to attain and customers’ preferences. Identify the platforms
and messengers your target audience prefers the most. You can start with
developing your website and publishing quality content on your blog.
SendPulse’s landing page builders empowers you to create a landing
page within 15 minutes. Apply multi-channel services like SendPulse to
send email campaigns, set up web push notifications, and support clients
via chatbots.
6. Measure the end result. Once you implement everything, track the results.
See if your business moves towards the achievement of your goals. Metrics
will provide you with a clue of your company’s performance.
MARKETING COMMUNICATION TOOLS
1. ADVERTISING
Advertising simply means a way of communication that reaches all types of sector. It
provides information and creates awareness among people relating to a
product. Entrepreneurs spend millions of dollars to promote their products on TV,
radio, social media, YouTube, and other channels. They seek help from advertising
agencies or develop ads by themselves to hook a wide audience and encourage
prospects to purchase. The method is expensive yet effective. By running ads on
various platforms, companies can receive a high ROI that exceeds expenses.
Advertising is the process of making your product or service known to your target
audience. It refers to the actual message you create to present your product or service
to them. This includes advertising campaigns in both traditional and digital media
channels. The idea here is to take advantage of the creative positioning within each
channel, and craft your advertising to its native properties.
It is also important to note that when you pay a certain media house or social media
influencer to market your brand, you are free to order the advertiser to package the
message the way you prefer. What’s the importance of advertising? The benefits of
advertising your business include:
Advertising has three main objectives: to inform, to persuade, and to remind. So,
whenever you are creating an advert for your brand, make sure it services these three
purposes.
Informing
When you launch a new product or service, you have to make your target consumers
aware of it. This is where advertising comes in handy. Without advertising your
products or services, you will struggle to make meaningful sales because very few
potential consumers will be aware of them. You will be surprised at how far a simple,
well-packaged advert can go.
An informative advert will introduce your brand to your target market. Before you can
convince your customers that your product or service is the best in the market, you
have to let them know that it exists and what it does on the most basic level.
Furthermore, if your company has complex solutions, you might benefit from
informing your customers of how your product or service works and how it will help
them. An informative ad normally has several sections centered on explaining the
features of a product or service and its benefits to customers.
Persuading
For you to beat the competition, you have to convince your target customers that your
product or service is better than the rest. This is what a persuading advert does. Once
you have informed your target customers of your product or service, you must help
them understand why they need to choose you and not any other brand in the market.
Reminding
A successful advert must remind your customers of the benefits of your product or
service, which means it should simply reinforce your brand’s message to an already
well-established marketplace. The idea here is to maintain a top-of-mind awareness in
your customer base and protect it against competitors.
If you do not keep reminding your customers of the benefits of your product or
services, new competitors will come along and steal them from you. For example, if
you manufacture toilet paper, you have to keep reminding your customers of the
softness, durability, and cost-effectiveness of your paper. You have to remind them
regularly, even if they are already aware of it. This helps to keep your brand and
message at the top of your client’s mind.
Corporate visual identity is the combination of graphics, type, color and slogan that
forms the public face of a corporation and makes it uniquely recognizable in the
marketplace. It drives the company's marketing and advertising and is the visual
thread that ties the company's products together. Visual identity is very much the
branding of the corporation as a whole.
As an independent legal entity, a corporation has the same standing as a person under
the law with rights and obligations that it holds in its own name. Ideally, a corporation
wants others to be able to identify it and distinguish it from its competitors. Business
analysts speak in terms of a corporation establishing an “identity” across various
operational facets that includes the way it looks, how it acts, how it treats its
employees and the way it chooses to do business. These facets are commonly referred
to as the corporation's visual identity, culture, personality and philosophy.
Before a company can brand its products, it must first brand itself.
Before a corporation can brand its products, it must establish an overall corporate
brand that defines the company and establishes consumer expectations. In other
words, a corporation wants the public to hear its name and have an immediate
representation come to the mind's eye, or see its logo and know the associated
company without having to be told. Recognition paired with expectation drives
corporate value and is part of the corporation's most value intangible assets.
Establishing a corporate visual identity is the corporation's way of controlling this
important part of its relationship with the public.
The most basic aspect is color. A corporation establishes an official color scheme just
like a sports team or a school does to indicate cohesiveness.
It also adopts a particular typeface that is often customized, so when the corporation
puts advertising in print the style of the lettering is uniquely its own.
The corporation also develops a logo that is the core of its brand. Logos are often the
most unique and recognizable aspect of the corporate visual identity and the first thing
the public gravitates toward as the official representation of the company.
Most corporations also develop a slogan, or short catch-phase, that the public can tie
to a key corporate value or market advantage.
The last aspect of visual identity is the background graphic, or “supergraphic,” that
will often tie all the pieces together in a visual representation.
3. PUBLIC RELATION
Public relations (PR) is the set of techniques and strategies related to managing how
information about an individual or company is disseminated to the public, and
especially the media. Its primary goals are to disseminate important company news or
events, maintain a brand image, and put a positive spin on negative events to
minimize their fallout. PR may occur in the form of a company press release, news
conference, interviews with journalists, social media posting, or other venues.
Every individual or entity operating in the public eye faces the spread of information
about them or their practices to the public. While public relations is an industry unto
itself, any attempt to portray oneself in a certain way to others can be considered a
form of public relations.
4. SALES PROMOTION
There are 8 main types of sales promotions. Not all of them are suited for every
business, product, or service, but each one offers unique ways of boosting sales and
connecting with customers through different methods of sales psychology.
2. Flash sales: Flash sales are extremely short sales that offer extreme discounts for a
limited amount of time. These sales work through creating a sense of urgency and
need around your sale.
3. Coupons and vouchers: Coupons and vouchers reward current customers for their
brand loyalty and encourage future purchases. This is especially effective in
companies who use punch cards which incentivize customers to make multiple
purchases to earn a free product.
4. Free trials: Free trials or demos are one of the most common sales promotions and
one of the most promising strategies to grow a customer base. Businesses can offer
either a limited time with the product or a limited quantity of the product to a first-
time buyer at no charge to see if they like it.
6. Free products: Free product promotions work by offering a small free product
with the purchase of a larger, mainstream product. This boosts mainstream sales
without costing the company too much inventory or revenue.
8. BOGO specials: BOGO, or “buy one, get one free” promotions are primarily used
to spread product awareness. Customers can give their extra product to a friend or
family member and build a customer base through word of mouth.
5. DIRECT MARKETING
Direct marketing is a promotional method that involves presenting information about
your company, product, or service to your target customer without the use of an
advertising middleman. It is a targeted form of marketing that presents information of
potential interest to a consumer that has been determined to be a likely buyer.
For example, subscribers to teen magazines might be presented with Facebook ads for
acne medication which, based on their age, they are likely to need. Or members of the
United States Equestrian Federation might all receive an email promotion offering
special pricing on horse gear. Current residents of Wilmington, Delaware might
receive a flyer announcing the arrival of Wegmans supermarket to their area.
Conversely, people in Wilmington, Ohio would not.
The Goal
While some marketing techniques aim to increase awareness or to educate markets
about a company’s products or services, direct marketing’s sole goal is to persuade
the recipient to take action. While getting a sale is the ultimate goal, some customers
will not be ready to buy on-the-spot. But they might:
Visit a website
Call for more information
Return a postcard requesting a quote
Enter their name and email address
Make a purchase
6. SALES MANAGEMENT
Sales management is the process that entails developing new selling strategies,
gathering and training sales teams, and coordinating the practices aimed at pursuing
a company’s sales goals. It helps businesses create excellent sales teams, develop
good relationships with their consumers, reduce costs, and reach sales targets.
An effective strategy that involves modern techniques and a professional sales team
can work wonders for your company’s ROI.
2. Find the right people for your team. To continue to scale, you need to attract
the right talents to join your sales team. With suitable candidates, you can
build a successful sales team that will support your company’s growth. First of
all, before creating a job description and interviewing your candidates, define
your company’s specific needs. Different categories of salespeople are needed
for different purposes. Explore the reasons why you need a new employee.
Secondly, create a step-by-step interview process to select suitable applicants.
Thirdly, consider involving your colleagues in the process to identify the kind
of person they need.
3. Educate your salespeople and give feedback. As a sales manager, you need to
always be in touch with your sales team. Your new hires should work under
your guidance to absorb the sales process, learn how to handle objections, and
understand where to find prospective customers. With time, your new
employees will be able to handle the necessary tools and obtain experience
and knowledge in sales, sales tricks, and strategies. Ensure to provide an
effective training process to turn people with potential into top performers.
Remember to give feedback after your salespeople complete certain tasks.
4. Reward your top performers. Salespeople who do their job perfectly want to
receive cash incentives from the company and get praise. That’s why it’s
worth creating a plan that involves specific targets and monetary
compensations for them. As a sales manager, you need to ensure that you do
everything possible to retain customers and lure new ones.
5. Measure the progress of your team. It’s critical to monitor and evaluate the
progress of your team. You need to determine whether your company
succeeds in growing or if there is something that slows down this process.
Identify the reasons and try to eliminate them by reviewing the work of your
sales team and improving your strategies. Besides, you should ask your sales
representatives to create manual lists and reports, so consider designing a
reporting process in your CRM to simplify your work.
7. SPONSORSHIPS
Sponsorship and advertising are similar in the marketing world, but there are some
distinct differences. Sponsorship is a marketing technique involving the relationship
between two or more entities. Sponsorship involves one party paying for another
company in return for a marketing service; whereas, advertising is a broader
marketing concept that can be done without another party involved. Advertising is the
public communication a company crafts to promote a product or service that the
company wishes to sell.
8. EXHIBITIONS
An exhibition is an event where goods and services are exhibited and demonstrated to
the public.
Why exhibitions?
Events and exhibitions are a powerful marketing tool. They provide a platform to
promote your product or service to a group that may have little or no knowledge of
your services. They also offer an opportunity to meet existing and potential
customers.
Existing PR opportunities
Trade fairs and exhibitions are a big investment for the organisation that is staging the
event.
As a result, it will have a slew of marketing, advertising and promotion that
accompanies it, saving you the hard work (and cost!) of contacting all those potential
customers yourself.
The targeted nature of niche trade show and exhibition audiences is one reason that it
still often reaps greater results than any other form of marketing.
9. PACKAGING
Nowadays packaging has become a product in its own right. After starting out as a
protective skin for food, it has turned into a privileged interface for communication
between producers and consumers. It captures our attention, reassures, makes itself
useful and its visual elements appeal to consumers and sometimes direct us to online
content. The worldwide web significantly extends a product’s outreach, going beyond
the mass message carried by the physical object to create an individual relationship
between consumers and producers.
Merchandising is the presentation and promotion of goods that are available for
purchase for both wholesale and retail sales. This includes marketing strategies,
display design, and competitive pricing, including discounting. Merchandising is
important for retailers looking to cultivate their brand, improve the experience of
customers, compete with others in the sector, and ultimately, drive sales.
If you want to use POP, you should base your strategy on:
Customer expectation: The POP promotes the benefits that customers can
expect from the product.
Consumer demand: You can study what customers need and display the point
of purchase products based on that information.
Competition: Observing what the competition is doing and understanding
what works well and what doesn't is essential in a POP strategy.
12. E-MARKETING
E-marketing can offer more competitive prices than traditional marketing because
e-marketing reduces costs by not having to maintain physical store space and
by strategically placing distribution centers throughout the country.
Second, because the Internet is available 24/7, e-marketing enables shoppers
to search for product/service information and buy goods at their convenience,
not just when the store is open.
Third, research indicates that the cost of Internet-based promotion is one-
fourth of traditional promotion, because it does not incur the costs of paper,
printing, handling, and mailing.
Fourth, e-marketing enables buyers to custom-build products such as shoes,
clothes, computers, and automobiles on the Web, options often not available in
stores.
Many businesses make the mistake of focussing only on customer acquisition while
neglecting the need of keeping the existing customers happy.
This strategy won’t serve in the long run when seen in the light of how building
strong relationships and connecting with customers encourages faster growth.
So much so, it’s 6 times more expensive to attract a new customer than to retain an
existing one.
And when it comes to retaining a new customer, what better way than using customer
service to great effect.
With a proper customer service marketing strategy, your business can find a scalable
and affordable way to keep the eye on the customer acquisition ball and deliver great
experiences as well.
Customer service and marketing always have a reciprocal relationship with mutual
benefits to each other. When customer service is used as a marketing strategy, it helps
a lot in improving customer retention alongside acquiring new customers. A customer
driven marketing strategy with a greater focus on support holds great importance for
businesses in many ways.
Bringing customer service and marketing together has many advantages for your
business.
When customer service and marketing go hand in hand for a business, it
not only helps delight the existing customers but also wins future prospects as
well.
Your business can positively affect the bottom line by combining the virtues
of customer service and marketing.
By providing great support, it’s possible to make customers stick with your
business and spend more.
Customer service always needs to complement great products and services
so that a business always grows and carves a niche in the market.