Successful event branding involves more than just slapping your company logo onto a few decorations. It’s about creating a unique experience for the attendees, one that keeps them engaged while also consistently reminding them of your brand. This may be a challenge if you’re on a tight budget. But there are several easy solutions that [...]
Early adopters embrace new products, services and technology before most other people do. From being the first to buy a 3D HDTV, to having that brand new app for their phone, they enjoy using new products sooner than their peers. Statistician Everett Rogers developed a theory called the Diffusion of Innovations that stated early adopters [...]
A well defined target audience for your new product launch has never been more important. You can’t possibly speak to everyone. By targeting a specific group, you’re not excluding those who don’t fit in that group; you’re just focusing your efforts (whether that’s dollars or branding) on those most likely to buy from you. It’s a more efficient way to reach your clientele.
Identify your average buyer and mold your marketing accordingly, this allows you to build a solid foundation for your launch. Say that you’re a car company preparing to launch a new crossover. You can choose to target those who are age 30-65 with household incomes of $90,000+. To further refine your market, you might want to target people with families or young children. It can be also broken down a step further by singling out women. By clearly focusing on your audience, it becomes much easier to market your product.
You’re eager to get your target audience to purchase your new product and have it become a success… but so is the competition. They want your business. They want your product or service to fail. They will offer whatever they can to take customers away from you. There is a never-ending struggle between businesses to [...]
Ensuring that your new product or service is of the highest quality is as important as the product itself. The reputation of your company is forged by the products that you sell. The better that reputation is, the better your word of mouth will be.
A quality product saves money by reducing warranty claims and customer service phone calls, and increasing repeat buyers. It also leads to substantially less work involved in its marketing and advertising. Make no mistake: you’ll always need to do these things, but a good product with a reputation for quality is one that will sell itself.
Since starting out in 1977 in a borrowed wood shop in Stratton, Vermont, Burton Snowboards has had no fewer than 100 logos or brandmarks. It’s hard to argue with their strategy. They sit atop the multi-billion dollar snowboard equipment and apparel industry – an industry which they practically invented. With sales estimated to be in [...]