The world has changed immensely in the last decade. The success stories of the past are mostly wrong references for today. Marketing gurus of todays age need to forget legacy and start writing the future on a clean sheet. Easier said than done. Marketing needs to reinvent itself. The very basics are challenged. Reach approach to launches change to relationships. The conventional ways to calculate budgets do not work. Relationships, trust, advocacy & PR takes over from advertising & communication.
3. Clutter, 1 vs 100 Tv channels, Messages all around, Trust on Brands, Access to
information, pace of life, access to products, Choices, Noise, Segments,
Research tools, path to purchase
10. Strategies on a tight budget ….
Segment the market like no tomorrow
Know your consumer more than he knows himself
Male/Female – Age 25-45
Male –Age 25-30 (Married- no
Kids)
Asian Male – Living in UAE
Pakistani/North Indian
working in a Bank
Travels back home once
Consumer Journey
Pre
• Lift Branding
• SMS, Email, Direct email
• Youtube
Purchase
• Promoter at LuLu
• Offers & Partnerships
• Upsell – 1+1
Post
• MGM
• Banking apps / solutions
• Advocacy platforms
11. Strategies on a tight budget ….
• Kill conventional thinking in agencies
• Use Touch points that matter – innovate new ways to reach & Target
12. Strategies on a tight budget ….
• ROMI – Evaluate each dollar spent and record
• Look for product Mix profitability – Loose some battles to win the War.
13. Final Thoughts
• Current structures make marketing a spending arm of the org
• Marketing KPIs need to innovate – ROMI, Advocacy, Creative
measures
• Post Analysis – ROMI . Need to become the most important part in
strategy building . Build history
• Who I am targeting – Who I am not targeting
• Advocacy = Disruption x Relationships