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Test Your Marketing Knowledge

woman taking a quiz

Circle one:

T F 1. The focus group is a respectable research method for collecting input to guide product or marketing decisions.

T F 2. A good way to grab attention in advertising is through alphabetic acrobatics.

T F 3. In 2000 the definition of marketing changed.

T F 4. Couponing is a helpful gimmick for increasing sales.

T F 5. The four components of marketing are: Product, Place, Price and Promotion.

Answers:

1 - False. Since a typical focus group has eight to 10 members and normally four groups are polled on a given topic, the total sample is 32 to 40 people. It is too small to offer stable results, and it is not representative of any particular segment. Dominant voices can affect the group, and the moderator's ability can temper the responses. Focus groups can be helpful to explore a topic, get some suggestions or provoke opinions, or they can be used to pick up the language of consumer behavior.

- from The Marketing Revolution by Kevin Clancy and Robert Shulman

2 - True. Alphabetic Acrobatics, that is, "playing on words" --is! Other techniques of "stopping power" include:

- Open minded narrative (picture or thought) in which the resolution is not presented
- Ironic twists on ordinary behavior
- Incongruity of visual elements and/or words by unusual juxtaposition of elements
- Exaggeration
- Simplification
- Shocking visual or headline
- Participation visuals (tests, games)

- from The Young and Rubicam Traveling Creative Workshop

3 - False. It was in 2004 that the American Marketing Association issued a new definition of marketing... "Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders." Not all marketers like this definition, but –simply put– it underscores that “Marketing is everyone’s job.”

4 - False. There is no evidence that couponing increases sales in the long run. Any sort of discounting tends to educate customers to buy only when they can get a deal. A "sale" says to your prospect that your regular prices are too high. Like so many other areas of life (spending money, taking drugs, having sex) the long-term effects of your actions are often the opposite of the the short-term effects. Why is it so hard to comprehend that marketing effects take place over an extended period of time?

- from The 22 Immutable Laws of Marketing by Al Ries and Jack Trout

5 - Traditionally True, but one marketing maven says its four components are: Advertising, Promotion, Publicity, and Contesting. He defines advertising as the purchase of exposure in mass media, promotion as an event requiring attendance or some form of participation by those invited, publicity as free media coverage, and contesting as a promotion that creates excitement for your entire marketing program. Everyone wants to get something for nothing, so contests are a fabulous lure.

- from Creating Demand by Richard Ott

Top Marketing Concept #3

shopper

"A bridge over troubled waters is better than burning your bridges after you've crossed them."

Companies tend to stop advertising in times of economic downturn or at a point when it just doesn't seem like the program is working. The troubled waters could be a recession or they could represent a time of year when people don't buy as much of what you sell. But at those times, what will happen if you drop your advertising? Will people forget you? Will someone steal your customers? Possibly.

Picture this: You have built a bridge, that is, a communication link to your customers. You have built up a certain amount of awareness. If you stop advertising, that will be lost. You will lose your investment. As one marketing guru has put it, "The bond of communication is too precious to break capriciously." Remember, it does take time for a program to show results. So be consistent in your efforts; regard them as an investment and be committed.

You need one bridge or program to reach, retain and cross-sell customers, and another to reach prospects. Often, people think of advertising only as a way to reach prospects, and that is unwise. In today's marketplace, retaining your customer base is a key to survival. To retain customers, do simple things like reinforcing purchase decisions with a "thank you" or with an elaborate brochure that celebrates the benefits of the purchase.

We usually court the customer with a brilliant website and gorgeous printed materials to sell the product, but once it's sold, we think all is well. However, that may be the very time when the customer begins to doubt his decision especially on large ticket items. At this point he needs a congratulations or other positive reinforcement. That will assure positive word-of-mouth advertising.

To get new customers, you need a creative advertising program which features a simple message touting customer benefits, not product attributes. Remember, a benefit is what a product or service attribute does for the customer. Make that clear to capture their attention and awareness. Then repeat the strategic yet simple message with as much frequency as your budget will allow.

©2014. DAY Communications/fastzone.com. All rights reserved.

Continual Change

lady seeking ideas

Despite continual change, some things remain true:

ADVERTISING
The foundation for a successful ad campaign is still adequate research and analysis. Because of all the new media, messages and companies, careful research is essential before brainstorming for creative insight. Otherwise, imitation could occur.

MARKETING
A message that explains and promotes a company’s offerings in a focused, fresh way is crucial, but no message can help a product or service that needs to be improved or updated. The “4 Ps of Marketing” still apply: Number 1 is the Product/service, and Promotion still is the last P. To help you think about your products and services, download DAY Communications' free marketing worksheets.

MEDIA PLANNING
The internet is not replacing the print media, but has affected the function of print. A brief print message that points to a lengthier message on a website may be a good use of print. Reinforcing your message to your target audiences through a variety of media is still the best approach.

YOUR WEBSITE
Keeping a website up to date, attractive to Search Engines, and pertinent to customer’s interests, is common sense. Using common sense is important in an age of rapid change, but informing your sense of what is commonly true could require a lot of google-ing or bing-ing.

GRAPHIC DESIGN
The principles of graphic design generally still apply, but not wholly. For example, should a designer should use muted and unusual colors when marketing to more intelligent people? Are bright colors for the less educated? The experts of the last century said so, but one marketing guru, Tom Peters, has stated that the Internet has made necessary the use of bright colors.

DAY Communications is committed to your success in TODAY's marketplace.