RTBs in marketing
Prof Venkatesh Ganapathy
Associate Professor (Marketing)
30-05-2020
Introduction
 Buyers make purchasing decisions based on a number of factors.
 Sellers must understand these factors to create reasons to believe in their brand
 Needs – Motivation – Action
 Marketers must shape their brand, messaging and marketing to satisfy those
desires.
 Need fulfilment is at the fulcrum of all the marketing efforts
WHAT ARE RTBS?
 REASON TO BELIEVE
 KEY PART OF BRAND PROMISE
 STRATEGICALLY DEVELOPED TO CONNECT TO A BUYING EMOTION
 RTB IS A COMPONENT ENSURING THAT CONSUMERS AND PARTNERS FIND THE
PROMISE MADE BY THE MARKETER CREDIBLE.
ROLE OF RTBs
 RTB convinces customers to have confidence in the brand
 Every benefit should have a RTB
 RTBs are specific product attributes / features that make the benefit believable
 RTBs enable a brand to gain a unique position in customer’s minds & hearts
 RTBs are generally aligned with brand identity & values
 RTBs accompany brand statements
Positioning & RTB
 Positioning creates a mental image of the product in customer’s minds
 RTB is all about the features of the product that enables customers to place trust in
this mental image.
 Trust translates into the purchasing decision
 Positioning creates appetite while benefits and RTBs provide customers the
nourishment that they need.
 Strategically positioned RTB can establish confidence in consumers
What strengthens the RTB paradigms?
 Scientific evidence
 Customer reviews
 Testimonials
 Expertise in the field
 Awards
 Accreditation
 Advanced products backed by superior technology
 Experience
The purchasing journey
 The most effective RTBs are aligned with a specific point on the buyer’s purchasing
journey
 Buyer travels through 4 emotional phases of buying
 Awareness
 Familiarity
 Confidence
 Conviction
Different messages are needed to continue the buying journey.
Types of RTBs
 FUNCTIONAL
 EMOTIONAL
 SOCIETAL
FUNCTIONAL RTBs
 Related to the utility value of the product or service
 Refers to usage of product or service
Emotional RTBs
 The experience of consumption
 Positive?
 Negative?
Societal RTBs
 How do brands connect with society beyond commercial scope?
Benefits versus RTBs
 BENEFIT = PROMISE TO CUSTOMERS
 RTB = WHY CUSTOMER SHOULD TRUST THE PROMISE
 RTB lends credibility to the product promise
 RTB can lead to competitive advantage
To summarize
 RTB provides evidence and tells customers how a marketer lives up to his claims.
 Consumers care about how they directly benefit by using a product or service
 The convincing ability of a value proposition must be complemented by RTB
 Once a marketer consolidates his positioning in the market, he must use the time
available at his disposal to communicate the benefits of the brand and RTBs.
 Customers must inherently trust the value that the brand is offering them
 RTB is – why your customer should believe you. How can a marketer ensure that his
claims are credible and trustworthy?

RTBs in marketing

  • 1.
    RTBs in marketing ProfVenkatesh Ganapathy Associate Professor (Marketing) 30-05-2020
  • 2.
    Introduction  Buyers makepurchasing decisions based on a number of factors.  Sellers must understand these factors to create reasons to believe in their brand  Needs – Motivation – Action  Marketers must shape their brand, messaging and marketing to satisfy those desires.  Need fulfilment is at the fulcrum of all the marketing efforts
  • 3.
    WHAT ARE RTBS? REASON TO BELIEVE  KEY PART OF BRAND PROMISE  STRATEGICALLY DEVELOPED TO CONNECT TO A BUYING EMOTION  RTB IS A COMPONENT ENSURING THAT CONSUMERS AND PARTNERS FIND THE PROMISE MADE BY THE MARKETER CREDIBLE.
  • 4.
    ROLE OF RTBs RTB convinces customers to have confidence in the brand  Every benefit should have a RTB  RTBs are specific product attributes / features that make the benefit believable  RTBs enable a brand to gain a unique position in customer’s minds & hearts  RTBs are generally aligned with brand identity & values  RTBs accompany brand statements
  • 5.
    Positioning & RTB Positioning creates a mental image of the product in customer’s minds  RTB is all about the features of the product that enables customers to place trust in this mental image.  Trust translates into the purchasing decision  Positioning creates appetite while benefits and RTBs provide customers the nourishment that they need.  Strategically positioned RTB can establish confidence in consumers
  • 6.
    What strengthens theRTB paradigms?  Scientific evidence  Customer reviews  Testimonials  Expertise in the field  Awards  Accreditation  Advanced products backed by superior technology  Experience
  • 7.
    The purchasing journey The most effective RTBs are aligned with a specific point on the buyer’s purchasing journey  Buyer travels through 4 emotional phases of buying  Awareness  Familiarity  Confidence  Conviction Different messages are needed to continue the buying journey.
  • 8.
    Types of RTBs FUNCTIONAL  EMOTIONAL  SOCIETAL
  • 9.
    FUNCTIONAL RTBs  Relatedto the utility value of the product or service  Refers to usage of product or service
  • 10.
    Emotional RTBs  Theexperience of consumption  Positive?  Negative?
  • 11.
    Societal RTBs  Howdo brands connect with society beyond commercial scope?
  • 12.
    Benefits versus RTBs BENEFIT = PROMISE TO CUSTOMERS  RTB = WHY CUSTOMER SHOULD TRUST THE PROMISE  RTB lends credibility to the product promise  RTB can lead to competitive advantage
  • 13.
    To summarize  RTBprovides evidence and tells customers how a marketer lives up to his claims.  Consumers care about how they directly benefit by using a product or service  The convincing ability of a value proposition must be complemented by RTB  Once a marketer consolidates his positioning in the market, he must use the time available at his disposal to communicate the benefits of the brand and RTBs.  Customers must inherently trust the value that the brand is offering them  RTB is – why your customer should believe you. How can a marketer ensure that his claims are credible and trustworthy?