Very often we come across such clients who want to build
their brand without allocating any marketing budget for advertising and
marketing.
Also, then there are brands that have just grown without
spending much on advertising – like Krispy Kreme, Facebook and GoPro – but
these are rare exceptions to the general rule and they have been successful for
its innovative and excellent products and services.
But is it really possible to build a brand without
advertising or marketing? I guess theoretically the answer would be
yes. Whereas, PR and word of mouth will also need a lot of time to achieve what you would have achieved
otherwise through advertising.
And often the client/brand does not realize that when he
says advertising, he means traditional advertising, and excludes all the newly
introduced digital platforms and social media, and some of those who adopt
mainstream advertising have big pockets and some of the biggest spenders in
this domain. However, it is a proven fact that remains the same advertising –
particularly traditional advertising – is still the most useful weapon to
achieve the desired marketing results.
Now imagine that you are launching a luxury brand. While
it’s important that the advertising communication in the domain should reach
out to the potential customer, it’s as or even more important that those who
cannot afford it should be exposed to the advertisement, as well. Because one of
the biggest reason why people choose luxury brands is to flaunt it, and for
that others too need to know that such a brand even exists and know it’s real
worth in the market. To achieve this, digital advertising targeted
exclusively to the target audience alone will not work, but traditional
advertising will also deliver huge results.
Another point to be noted is that when a customer sees an
advertisement, especially on television, it gives them trust and confidence in
the brand. Some of the leading national daily countered it by telling the
clients and regular readers that it is far more cost effective to run their ads
in print mediums than on TV as newspapers have far more reach, which was indeed
true. However I would like to believe that the clients profited by Advertising
on TV. Though the reach may have been lower, a TV advertisement lends the
brand more stature and also it reaches to the right target group if advertised
at the right time on the right channel.
To simply put this, we are still quite far away from seeing
the best of advertising, especially in India where most of the brands are
under-branded and under-advertised. If you don’t have sufficient funds, and
would like to build the brand without advertising much, remember
the wise words of Bruce Barton, “In good times, people want to advertise; in
bad times, you have to.”
So, take it as our word of advice or
suggestion if you are all set to build a brand without advertising. Don’t.
No comments:
Post a Comment