Archive for March, 2009

In a buyer’s market, it’s survival of the fittest brand.

Tuesday, March 24th, 2009

Dietary restrictions aside, are you one of those who views branding as fluffy, cream-filled jargon? Something that’s nice but rather non-essential? (Like the bowl of double chocolate ice-cream I unabashedly devoured late last night.)

Well, you may want to change your perception of what’s healthy. It’s fast becoming a world of brand better or bust.

With the Internet now juggernaut of commercialism and epicenter of our economic universe, products are increasingly “bought” not sold. This means that customers are actively searching through a sea of options for what they want more so than ever before. According to Philip Kotler, in B2B Brand Management, “The Internet brings the full array of choices to every purchaser or decision maker anywhere with just one mouse click. Without trusted brands as touchstones, buyers would be overwhelmed by an overload of information no matter what they were looking for.” There’s not a charismatic sales force in the world that can compete with the strength of a plugged-in, savvy consumer.

The only way to measurably succeed in this environment is to bring your brand to the forefront of your customer’s consciousness. It makes sense if you think about it. When shopping for a car, do you Google “automobile” or “Toyota?” When looking for a do-it-all communication device, do you think PDA or Blackberry?

So next time, when ordering from the marketing menu… be open-minded. Branding may fatten up your bottom-line.

Saving the Earth… One Purchase at a Time

Thursday, March 19th, 2009

Can there be a green twist to opening your wallet? Can spending green actually make you feel….well, a bit “greener?”

According to a recently published Forrester study called “Making The Case For Environmentally And Socially Responsible Consumer Products,” buying green is becoming more important even as the economy slows. A survey on purchasing habits was conducted on over 5,400 US adults. Over 65% said they were “concerned about the environment and global warming.”

Now more than ever, companies are promoting green alternatives. Tropicana, in partnership with Cool Earth, is starting a 12- month promotion that enables consumers to preserve 100 square feet of rainforest for every carton of juice they purchase. Apple computer launched a green campaign touting the “highly recyclable” MacBook as the “greenest Macbook ever.” Amazon launched Amazon Green, a conglomeration of environmentally-friendly products to help consumers lead a greener life.

Is environmental marketing here to stay, and (despite the obvious contradiction in terms) can we consume our way to a greener planet? Post your thoughts.