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Climbing on the brandwagonFor today's brands to survive in tomorrow's world, a revolution of marketing strategy thought is required. What worked yesterday simply won't cut it tomorrow. The risk for brands in today's cluttered market is not that they won't be heard; it is that they will be met with indifference. ![]() It is my opinion that the following two trends will cause a cataclysmic change in the market place:
The challenge Significant marketing resources are spent in an attempt to generate loyalty, yet so little of it is spent on generating genuine, interactive dialogue. In an attempt to grow brands, marketers overlook the fundamental principle that there can be no real relationship without authentic dialogue. This is not to say that all resources should be spent on conversing with consumers such that they can dictate what the brand should do; on the contrary, brands should not only reflect consumers need states but also their aspirations. Brands should navigate consumers and not the other way round. The solutionThere has been significant innovation and adoption of technology, more so social networking technology, which allows brands to dialogue with consumers more frequently, across multiple media, and it's now cheaper than ever before. The core of the solution is to invest in a dialogue platform that leverages advancements in social networking technology to open up communication channels with consumers. This dialogue platform sits in-between a brand's communication platforms, such as promotions, advertising and experiential activation, and the consumer. It's a space or nexus where interaction is planned, information is shared, insights gained and loyalty is generated. These two macro trends will become the brand drivers of tomorrow; the trajectory of consumers today, and society as a whole, makes their prevalence inevitable. Ignore them at your peril or engage with them for success. A word of caution though: the rules change, the media of influence lose their power, and the thought leaders of today will have no idea tomorrow. The people who understand have been on the fringes for years and they are planning a massive welcome party. Reminds me of Polokwane in 2007. About Abey MokgwatsaneAbey Mokgwatsane is CEO of Ogilvy & Mather South Africa (www.ogilvy.co.za; @OgilvySA). Apart from being one of South Africa's Mail & Guardian top 200 young leaders in 2011, he was voted one of the country's top 25 "game-changers" in The Annual 2012. Mokgwatsane also founding of Young Business for South Africa, Think Tank Initiative and Experiential Industry Association of South Africa. Tel +27 (0)11 709 6600, email raeesah.moosa@ogilvy.co.za and follow @Abeyphonogenic on Twitter. View my profile and articles... |