December 7th, 2007
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Quick Summary: Read about the five levels in the Marketing Chain of Being, and the three laws that govern how brands move between them.
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In an earlier post, I had written that, like the Renaissance Chain of Being, there is also a Marketing Chain of Being.
In this post, I’ll explain the five levels in the Marketing Chain of Being, and the three laws that govern how brands move between them.
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The Five Levels in the Marketing Chain of Being
There are five levels in the Marketing Chain of Being –
1. Commodity Hell, in which brands basically focus on price and channel promotions to sell more (think groceries).
2. Differentiation, in which brands highlight product features and benefits to command a price premium (think automobiles).
3. Engagement, in which brands use service (in both its customer service and conversation meaning) to develop relationships with customers (think Dell).
4. Cultural Currency, in which brands become shared social objects and help customers define their individual and group identities (think Nike+iPod).
5. Meaning, in which brands become the tools that customers use for self-realization or restoration (think Google).
December 7th, 2007 |
Posted in Marketing, Noteworthy, Trendspotting
| Tagged with Apple, Commodity-Hell, Cultural-Currency, Customer-Service, Dell, Differentiation, Engagement, Google, iPod, Life-in-a-Graph, Marketing, Meaning, Nike, Nike+iPod, Noteworthy, The-Next-Marketing-Guru, Trendspotting |
December 7th, 2007
Quick Summary: Read about how engagement is only the middle level in the ‘Marketing Chain of Being’ and how social media and customer service are only tools to create engagement.
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The topic of the week in the marketing and public relations blogosphere is whether customer service is the new marketing, so much so that there’s even an upcoming event on the topic.
Most of the posts on the topic have focused on how social media is causing customer service and public relations to merge into each other to form the fabric of a new marketing paradigm.
I’m a brand manager, not a PR practitioner, and I can’t but feel that the above statement is rather simplistic. Yes, customer service is important. Yes, word of mouth is important, and, by association, public relations is important. Yes, good (or bad) customer service is an important factor in creating favorable (or unfavorable) word of mouth. Yes, social media gives customers the tools to amplify word of mouth. Yes, yes, yes and yes. But that’s only part of the story. Let me tell you the real story by going back to my post on the Marketing Chain of Being.
December 7th, 2007 |
Posted in Marketing, Noteworthy, Social Media
| Tagged with Apple, Commodity-Hell, Cultural-Currency, Customer-Service, Dell, Differentiation, Engagement, Google, iPod, Life-in-a-Graph, Marketing, Meaning, Nike, Nike+iPod, Noteworthy, PR, Public-Relations, Social Media, The-Next-Marketing-Guru |
April 10th, 2007
Seth Godin is at his thought-provoking best when he says -
By a factor of three, what you do is not nearly as important as how it makes people feel.
If you define ‘what you do’ as ‘content’ and ‘how it makes people feel’ as ‘delivery’, the rule doesn’t hold. Great content with bad delivery is a waste, but bad content with great delivery is often worse; you cannot deliver what you don’t have.
However, if you factor in the ‘intent’ to makes people feel good, the rule does hold, almost all the time.
What do you do when you have the intent, but are limited by undifferentiated content and delivery? You act as the ‘filter’; instead of selling to people the solution available with you, you lead them to the solution that is most suitable for them.
What’s true for business is often true for blogging too. Focus on making your readers feel good, and blogging nirvana will follow.
April 10th, 2007 |
Posted in Marketing
| Tagged with Content, Delivery, Differentiation, Novice Blogger, Seth-Godin, The-Next-Marketing-Guru |