Thursday, October 16, 2008

Dramatic Cuts in your marketing budget call for creative ways to keep your brand in the minds of your consumers and partners. – Incorporate Social Networking Sites into your marketing TODAY!

I am always amazed at marketers cutting their budgets in times of economic doubt. I am a true entrepreneur at heart and am intrigued by the ideas that come out of us during hard times and history has shown us that the brands that continue their marketing are the ones that survive. Social networking sites today is a God sent tool for brands. There is no better or more cost effective way to interact with your customers than through a social networking site. After all they play a vital role in the brand-building process and there are so many to choose from; like MySpace, Facebook, or LinkedIn.

Somewhat like dating – you should look before you leap, before getting involved with a social networking site. Please do your homework and get to understand the type of people your brand will be spending time with. Listen to what they are talking about, what are their interests and determine if your brand brings any value or is relevant to them.

Be smart about choosing who to hang out with. Just as we tell our kids that their friends say a lot about who they are. Figure out your brands objective before becoming friends with others in an environment that may not do justice for your brand. I was intrigued by the Mazda Design Challenge and how Mazda launched their branding initiatives of its 2018 MAZDA3 on Facebook. Mazda asked Facebook members to post concepts for the 2018 Mazda3 and Mallory McMorrow was named the winner of the Mazda Design Challenge. Mazda launched this branding initiative after they realized that their target audience was hanging out on Facebook. Facebook members submitted hundreds of designs and voted on the design features they’d be interested in. Mazda was able to interact one on one with existing and potential customers, getting immediate feedback and insight into what their customers expect of them and want from them. Mazda obviously put a lot of thought into this initiative and didn’t just reproduce an existing ad or video for Facebook. The brand strategy was true to Mazda’s business objective and they developed a new way to reach and interact with new and existing customers.

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