SlideShare a Scribd company logo
Strategic Brand Development, Positioning and
Key Messaging Recommendations
Presented to
Presented by
Spec Seals’ strategic branding, positioning and
messaging considerations
1. Distributor Market Research
2. OEM Market Research
3. Competitive Review
• Brand image
• Positioning
• Key messaging
• Strengths & weaknesses
1. Distributors & OEMs
• Brand awareness & image
• Share-of–Mind
• Misperceptions and lack of
capabilities understanding
2. Focus on correct messaging
1. Similar issues for Distributors
and OEMs
• Lack of brand awareness
• Misperceptions and lack of
capabilities understanding
2. Outstanding performance
characteristics and reputation
1. Vertical market promotional
activities
• Direct marketing
• Advertising
2. Sales and video presentations
3. Collateral materials
4. Website improvements
1. Focus messaging on most
important selection criteria,
e.g.,
• Consistently provides high-
quality O-rings
• Delivers on time
1. The Right Seal. Right Now.™
2. Support points
• Off-the-shelf availability of
over 150 million O-rings
• Meets industry standards
2
Summary of Hutchinson, Parco, Parker Seal and Spec
Seals’ strengths and weaknesses
 Brand development is a communication
function that includes analysis and
planning on how the brand is “positioned
in the market”, which “target audiences”
the brand is targeted at, and building a
desired brand reputation
 Tangible elements of the brand include
products – their look, price, packaging –
interaction with employees, whether the
company stands behind its products and
honors product performance promises
 The intangible elements are brand
promises and experiences consumers
take away from the brand
 The intangible elements are
brand promises and experiences
consumers take away from the
brand
3
Strengths
• Consistently provides
high-quality O-rings
• Can deliver prototypes in
weeks vs months
Weaknesses
• Long lead times, non-stock
• Brand awareness, SOM
• Pricing
Strengths
• Consistently provides high-
quality O-rings
• Quick turnaround on orders
• Technically astute in all
compounds and apps
• Sufficient inventory
• Competitively priced
Weaknesses
• Long lead times, non-stock
• Brand awareness, image
• Misperceptions and lack of
capabilities understanding
• Limited offerings
• Slow to quote pricing
Strengths
• Consistently provides high-
quality O-rings
• Product variety/breadth
• Technically astute in all
compounds and apps
• Delivers on time
• Valuable website content
Weaknesses
• Long lead times, non-stock
• Slow turnaround on orders
• Insufficient inventory
• Pricing (expensive)
• Too large
Strengths
• Pricing
• Product variety/breadth
• Short lead times, non stock
• Customer service
Weaknesses
• Brand awareness, SOM
• Selling to everyone, not just
distribution (no protection)
• Inquiry response time
• Lack of material
developments
We Make It Possible. High performance seals for high performance applications.
Engineering Your Success. The Right Seal. Right Now.™
Current perceptual map of primary competitors
by key OEM and distributor selection criteria
Provides
High-Quality Products
Does Not Provide
High-Quality Products
Delivers On Time
Does Not
Deliver On Time
4
Future perceptual map of primary competitors
by key OEM and distributor selection criteria
5
Provides
High-Quality Products
Does Not Provide
High-Quality Products
Delivers On Time
Does Not
Deliver On Time
Intrinsic values of Spec Seals’ brand promise
6
The Right Seal. Right Now.
TM
Relevant brand promise
to Distributors and OEMs
Unique and differentiating
Authentic. Reflects
Spec Seals’ DNA
Customer experience-oriented
Customer benefit-oriented
Valid as long as Spec Seals
performs to expectations
Comparison of distributor and OEM selection criteria
and key messaging points, in rank order
 Distributor selection criteria and
messaging
1. Consistently provides high-quality O-
rings
2. Quick response to problems
3. Delivers O-rings on time
4. Meets our O-ring quality standards
5. Quick turnaround on all orders
6. Technically competent
7. Technically astute in all compounds
and applications
8. Sufficient inventory to meet our
needs
9. Competitively priced
10. Can meet short lead times on non-
stock O-rings
 OEM selection criteria and
messaging
1. Consistently provides high-quality O-
rings
2. Delivers O-rings on time
3. Quick response to problems
4. Quick turnaround on all orders
5. Competitively priced
6. Meets our O-ring quality standards
7. Technically competent
8. Meets our O-ring expectations
9. Sufficient inventory to meet needs
10. Technically astute in all compounds
and applications
7
















Iconography and descriptions – Current
 The word “performance” is owned by
Parco. And, it only “implies” quality
 Unfortunately, neither OEMs or
distributors care about “engineered
compounds”. Assuming this relates to
“custom O-rings” and “custom
compounds,” these rank among the least
important selection criteria (15th and 17th
respectively)
 Presume this relates to “design and
manufacturing of custom O-rings,” which
ranks among the least important selection
criteria (15th of 18)
8
Future – Promote performance-based benefits
1. “Consistently provides high-quality O-
rings,” is number ONE in selection criteria
2. “Delivers O-rings on time,” is number TWO
in selection criteria
3. “Quick response when problems arise,” is
number THREE in selection criteria
9
HIGH-QUALITY
O-RINGS
ON-TIME
DELIVERY
QUICK RESPONSE
TO INQUIRIES
Recommended Spec Seals’ brand identity and
positioning
VISION
To be recognized as America’s
leading provider of high-quality
O-rings and custom molded
products for commercial and
industrial applications
MISSION
To consistently provide high-
quality O-rings and custom
molded products to customers
quickly, profitably and without fail
VALUES
A commitment to excellence
and the highest levels of
mutual respect for customers,
employees and vendors alike
BRAND ESSENCE
High-quality products delivered on time
BRAND IDENTITY
Spec Seals – The Right Seal. Right Now.™
PROGRAM TACTICS
Brand/Image
Marketing & Advertising
Product/Service
Marketing & Advertising
PR & Media
Relations
BRAND POSITIONING/PROMISE
The Right Seal. Right Now.TM
10
Summary
 OEM targets & media information
sources
1. Purchasing agent/manager
2. Design engineer/manager
3. Google search and company website
4. Design Engineering magazine/website
5. Machine Design magazine/website
6. Rubber & Plastic News magazine/website
 Objective: Tell the right stories to right
audiences frequently, consistently and
across all key information sources
11
 Distributors and OEMs have similar
issues and solutions
1. Majority are unfamiliar with Spec Seals
2. Majority have misperceptions
3. Majority need information
4. Brand is respected among those who know
5. Promote brand promise messages
• High-quality O-rings
• Delivers O-rings on time
• Quick response to inquiries
 Distributor targets & information
sources
1. Owner/president
2. Purchasing agent
3. Customer service manager
4. Google search and company website
5. Industrial Distribution magazine/website
6. Rubber & Plastic News magazine/website
7. Hydraulics & Pneumatics magazine/website
12
13
NEXT STEPS
 Discuss presentation implications
– Distributor and OEM issues
• Brand visibility
• Misperceptions and lack of understanding of brand capabilities
– Creative solutions
• Message focus and clarity
• Possible testimonials or pseudomonials (testimonials told in 3rd person)
 Develop marketing communication plan
 Execute, measure, refine
Q&A

More Related Content

Similar to Spec Seals - Brand Development, Positioning, Key Messaging.

From producttoportfolio2021
From producttoportfolio2021From producttoportfolio2021
From producttoportfolio2021
Julie Anne Reda
 
This Is Innovation
This Is  InnovationThis Is  Innovation
This Is Innovation
dowsonm
 
Agile2016: Intro to Agile Product Management
Agile2016: Intro to Agile Product ManagementAgile2016: Intro to Agile Product Management
Agile2016: Intro to Agile Product Management
Rich Mironov
 
Rich Mironov - Product Management Auckland Talk Slides
Rich Mironov - Product Management Auckland Talk SlidesRich Mironov - Product Management Auckland Talk Slides
Rich Mironov - Product Management Auckland Talk Slides
Anthony Marter
 
Customer-Centric Product Development.pdf
Customer-Centric Product Development.pdfCustomer-Centric Product Development.pdf
Customer-Centric Product Development.pdf
tleborgn1
 
Anthony Marter (Orion Health)
Anthony Marter (Orion Health)Anthony Marter (Orion Health)
Anthony Marter (Orion Health)
AgileNZ Conference
 
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...
Caroline June
 
Innoval Brochure How we can help - WEB2
Innoval Brochure How we can help - WEB2Innoval Brochure How we can help - WEB2
Innoval Brochure How we can help - WEB2Innoval Technology
 
How To Improve Your Product Testing Program
How To Improve Your Product Testing ProgramHow To Improve Your Product Testing Program
How To Improve Your Product Testing Program
The DRG (The Dieringer Research Group)
 
Building and Scaling a Product Team
 Building and Scaling a Product Team Building and Scaling a Product Team
Building and Scaling a Product Team
Rich Mironov
 
The impact of business strategy on forecasting and forecast performance 20170319
The impact of business strategy on forecasting and forecast performance 20170319The impact of business strategy on forecasting and forecast performance 20170319
The impact of business strategy on forecasting and forecast performance 20170319
Bram Desmet
 
Four Laws of Tech Product Economics - Rich Mironov
Four Laws of Tech Product Economics - Rich MironovFour Laws of Tech Product Economics - Rich Mironov
Four Laws of Tech Product Economics - Rich Mironov
ProductCampPortland
 
Selecting A Medical Device Design & Manufacturing Partner
Selecting A Medical Device Design & Manufacturing PartnerSelecting A Medical Device Design & Manufacturing Partner
Selecting A Medical Device Design & Manufacturing Partner
jrundo
 
Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...
Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...
Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...
Verhaert Masters in Innovation
 
Pmmg launch event 110823
Pmmg launch event 110823Pmmg launch event 110823
Pmmg launch event 110823
scotlandis
 
Leading The Product 2017 - Magnus Billgren - Speaker Slides
Leading The Product 2017 - Magnus Billgren - Speaker SlidesLeading The Product 2017 - Magnus Billgren - Speaker Slides
Leading The Product 2017 - Magnus Billgren - Speaker Slides
Brainmates Pty Limited
 
Multi-Touchpoint Messaging
Multi-Touchpoint MessagingMulti-Touchpoint Messaging
Multi-Touchpoint Messaging
HighRoad Solution
 
Book club INSPIRED How To Create Tech Products Customers Love
Book club INSPIRED How To Create Tech Products Customers LoveBook club INSPIRED How To Create Tech Products Customers Love
Book club INSPIRED How To Create Tech Products Customers Love
SEB
 
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...
NORCAT
 
What Kind of Product Manager are You?
What Kind of Product Manager are You?What Kind of Product Manager are You?
What Kind of Product Manager are You?
Kristen Waeber
 

Similar to Spec Seals - Brand Development, Positioning, Key Messaging. (20)

From producttoportfolio2021
From producttoportfolio2021From producttoportfolio2021
From producttoportfolio2021
 
This Is Innovation
This Is  InnovationThis Is  Innovation
This Is Innovation
 
Agile2016: Intro to Agile Product Management
Agile2016: Intro to Agile Product ManagementAgile2016: Intro to Agile Product Management
Agile2016: Intro to Agile Product Management
 
Rich Mironov - Product Management Auckland Talk Slides
Rich Mironov - Product Management Auckland Talk SlidesRich Mironov - Product Management Auckland Talk Slides
Rich Mironov - Product Management Auckland Talk Slides
 
Customer-Centric Product Development.pdf
Customer-Centric Product Development.pdfCustomer-Centric Product Development.pdf
Customer-Centric Product Development.pdf
 
Anthony Marter (Orion Health)
Anthony Marter (Orion Health)Anthony Marter (Orion Health)
Anthony Marter (Orion Health)
 
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...
 
Innoval Brochure How we can help - WEB2
Innoval Brochure How we can help - WEB2Innoval Brochure How we can help - WEB2
Innoval Brochure How we can help - WEB2
 
How To Improve Your Product Testing Program
How To Improve Your Product Testing ProgramHow To Improve Your Product Testing Program
How To Improve Your Product Testing Program
 
Building and Scaling a Product Team
 Building and Scaling a Product Team Building and Scaling a Product Team
Building and Scaling a Product Team
 
The impact of business strategy on forecasting and forecast performance 20170319
The impact of business strategy on forecasting and forecast performance 20170319The impact of business strategy on forecasting and forecast performance 20170319
The impact of business strategy on forecasting and forecast performance 20170319
 
Four Laws of Tech Product Economics - Rich Mironov
Four Laws of Tech Product Economics - Rich MironovFour Laws of Tech Product Economics - Rich Mironov
Four Laws of Tech Product Economics - Rich Mironov
 
Selecting A Medical Device Design & Manufacturing Partner
Selecting A Medical Device Design & Manufacturing PartnerSelecting A Medical Device Design & Manufacturing Partner
Selecting A Medical Device Design & Manufacturing Partner
 
Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...
Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...
Verhaert Innovation Day 2011 – Koen Verschraegen (VERHAERT) - Building supply...
 
Pmmg launch event 110823
Pmmg launch event 110823Pmmg launch event 110823
Pmmg launch event 110823
 
Leading The Product 2017 - Magnus Billgren - Speaker Slides
Leading The Product 2017 - Magnus Billgren - Speaker SlidesLeading The Product 2017 - Magnus Billgren - Speaker Slides
Leading The Product 2017 - Magnus Billgren - Speaker Slides
 
Multi-Touchpoint Messaging
Multi-Touchpoint MessagingMulti-Touchpoint Messaging
Multi-Touchpoint Messaging
 
Book club INSPIRED How To Create Tech Products Customers Love
Book club INSPIRED How To Create Tech Products Customers LoveBook club INSPIRED How To Create Tech Products Customers Love
Book club INSPIRED How To Create Tech Products Customers Love
 
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...
 
What Kind of Product Manager are You?
What Kind of Product Manager are You?What Kind of Product Manager are You?
What Kind of Product Manager are You?
 

More from Bill Barrick

My Hearing Centers - Overcoming Consumer Inertia.
My Hearing Centers - Overcoming Consumer Inertia.My Hearing Centers - Overcoming Consumer Inertia.
My Hearing Centers - Overcoming Consumer Inertia.
Bill Barrick
 
LaHabra - Residential Test Market Recommendations.
LaHabra - Residential Test Market Recommendations.LaHabra - Residential Test Market Recommendations.
LaHabra - Residential Test Market Recommendations.
Bill Barrick
 
Sawdust Art Festival - Marketing Communication Proposal.
Sawdust Art Festival - Marketing Communication Proposal.Sawdust Art Festival - Marketing Communication Proposal.
Sawdust Art Festival - Marketing Communication Proposal.
Bill Barrick
 
Sweetworxx - How to Acquire 5,000 Customers in Three Months.
Sweetworxx - How to Acquire 5,000 Customers in Three Months.Sweetworxx - How to Acquire 5,000 Customers in Three Months.
Sweetworxx - How to Acquire 5,000 Customers in Three Months.
Bill Barrick
 
ParexUSA, Parex, LaHabra - Strategic Brand Development.
ParexUSA, Parex, LaHabra - Strategic Brand Development.ParexUSA, Parex, LaHabra - Strategic Brand Development.
ParexUSA, Parex, LaHabra - Strategic Brand Development.
Bill Barrick
 
Spec Seals - OEM Market Research.
Spec Seals - OEM Market Research.Spec Seals - OEM Market Research.
Spec Seals - OEM Market Research.
Bill Barrick
 
Spec Seals - Distributor Market Research.
Spec Seals - Distributor Market Research.Spec Seals - Distributor Market Research.
Spec Seals - Distributor Market Research.
Bill Barrick
 
Port of Long Beach - RFQ Response.
Port of Long Beach - RFQ Response.Port of Long Beach - RFQ Response.
Port of Long Beach - RFQ Response.
Bill Barrick
 
Port of Long Beach - Final Presentation.
Port of Long Beach - Final Presentation.Port of Long Beach - Final Presentation.
Port of Long Beach - Final Presentation.
Bill Barrick
 

More from Bill Barrick (9)

My Hearing Centers - Overcoming Consumer Inertia.
My Hearing Centers - Overcoming Consumer Inertia.My Hearing Centers - Overcoming Consumer Inertia.
My Hearing Centers - Overcoming Consumer Inertia.
 
LaHabra - Residential Test Market Recommendations.
LaHabra - Residential Test Market Recommendations.LaHabra - Residential Test Market Recommendations.
LaHabra - Residential Test Market Recommendations.
 
Sawdust Art Festival - Marketing Communication Proposal.
Sawdust Art Festival - Marketing Communication Proposal.Sawdust Art Festival - Marketing Communication Proposal.
Sawdust Art Festival - Marketing Communication Proposal.
 
Sweetworxx - How to Acquire 5,000 Customers in Three Months.
Sweetworxx - How to Acquire 5,000 Customers in Three Months.Sweetworxx - How to Acquire 5,000 Customers in Three Months.
Sweetworxx - How to Acquire 5,000 Customers in Three Months.
 
ParexUSA, Parex, LaHabra - Strategic Brand Development.
ParexUSA, Parex, LaHabra - Strategic Brand Development.ParexUSA, Parex, LaHabra - Strategic Brand Development.
ParexUSA, Parex, LaHabra - Strategic Brand Development.
 
Spec Seals - OEM Market Research.
Spec Seals - OEM Market Research.Spec Seals - OEM Market Research.
Spec Seals - OEM Market Research.
 
Spec Seals - Distributor Market Research.
Spec Seals - Distributor Market Research.Spec Seals - Distributor Market Research.
Spec Seals - Distributor Market Research.
 
Port of Long Beach - RFQ Response.
Port of Long Beach - RFQ Response.Port of Long Beach - RFQ Response.
Port of Long Beach - RFQ Response.
 
Port of Long Beach - Final Presentation.
Port of Long Beach - Final Presentation.Port of Long Beach - Final Presentation.
Port of Long Beach - Final Presentation.
 

Recently uploaded

Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdfOffissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
offisadizayn
 
BLOOM_May2024 (r). Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024 (r). Balmer Lawrie Online Monthly BulletinBLOOM_May2024 (r). Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024 (r). Balmer Lawrie Online Monthly Bulletin
BalmerLawrie
 
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel BussiusYour Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023
Pascal Fintoni
 
Generative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter WeltmanGenerative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter Weltman
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
SMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the worldSMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the world
smmpanel567
 
Adapt or Die - Jon Lakefish, Lakefish Group LLC
Adapt or Die - Jon Lakefish, Lakefish Group LLCAdapt or Die - Jon Lakefish, Lakefish Group LLC
Coca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing planCoca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing plan
Maswer Ali
 
Winning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis YuWinning local SEO in the Age of AI - Dennis Yu
Email Marketing Master Class - Chris Ferris
Email Marketing Master Class - Chris FerrisEmail Marketing Master Class - Chris Ferris
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive EdgeDigital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
May 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group SessionMay 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group Session
Vbout.com
 
Digital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew RupertDigital Strategy Master Class - Andrew Rupert
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly BulletinBLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BalmerLawrie
 
15 ideas and frameworks on the art of storytelling
15 ideas and frameworks on the art of storytelling15 ideas and frameworks on the art of storytelling
15 ideas and frameworks on the art of storytelling
Aatir Abdul Rauf
 
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
Marketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee LevittMarketing as a Primary Revenue Driver - Lee Levitt

Recently uploaded (20)

Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
 
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdfOffissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
 
BLOOM_May2024 (r). Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024 (r). Balmer Lawrie Online Monthly BulletinBLOOM_May2024 (r). Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024 (r). Balmer Lawrie Online Monthly Bulletin
 
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel BussiusYour Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
 
The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023
 
Generative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter WeltmanGenerative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter Weltman
 
SMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the worldSMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the world
 
Adapt or Die - Jon Lakefish, Lakefish Group LLC
Adapt or Die - Jon Lakefish, Lakefish Group LLCAdapt or Die - Jon Lakefish, Lakefish Group LLC
Adapt or Die - Jon Lakefish, Lakefish Group LLC
 
Coca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing planCoca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing plan
 
Winning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis YuWinning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis Yu
 
Email Marketing Master Class - Chris Ferris
Email Marketing Master Class - Chris FerrisEmail Marketing Master Class - Chris Ferris
Email Marketing Master Class - Chris Ferris
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive EdgeDigital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
 
May 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group SessionMay 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group Session
 
Digital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew RupertDigital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew Rupert
 
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly BulletinBLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
 
Metaverse Marketing in the Generation of the Internet - Eugene Capon
Metaverse Marketing in the Generation of the Internet - Eugene CaponMetaverse Marketing in the Generation of the Internet - Eugene Capon
Metaverse Marketing in the Generation of the Internet - Eugene Capon
 
15 ideas and frameworks on the art of storytelling
15 ideas and frameworks on the art of storytelling15 ideas and frameworks on the art of storytelling
15 ideas and frameworks on the art of storytelling
 
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
 
Marketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee LevittMarketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee Levitt
 

Spec Seals - Brand Development, Positioning, Key Messaging.

  • 1. Strategic Brand Development, Positioning and Key Messaging Recommendations Presented to Presented by
  • 2. Spec Seals’ strategic branding, positioning and messaging considerations 1. Distributor Market Research 2. OEM Market Research 3. Competitive Review • Brand image • Positioning • Key messaging • Strengths & weaknesses 1. Distributors & OEMs • Brand awareness & image • Share-of–Mind • Misperceptions and lack of capabilities understanding 2. Focus on correct messaging 1. Similar issues for Distributors and OEMs • Lack of brand awareness • Misperceptions and lack of capabilities understanding 2. Outstanding performance characteristics and reputation 1. Vertical market promotional activities • Direct marketing • Advertising 2. Sales and video presentations 3. Collateral materials 4. Website improvements 1. Focus messaging on most important selection criteria, e.g., • Consistently provides high- quality O-rings • Delivers on time 1. The Right Seal. Right Now.™ 2. Support points • Off-the-shelf availability of over 150 million O-rings • Meets industry standards 2
  • 3. Summary of Hutchinson, Parco, Parker Seal and Spec Seals’ strengths and weaknesses  Brand development is a communication function that includes analysis and planning on how the brand is “positioned in the market”, which “target audiences” the brand is targeted at, and building a desired brand reputation  Tangible elements of the brand include products – their look, price, packaging – interaction with employees, whether the company stands behind its products and honors product performance promises  The intangible elements are brand promises and experiences consumers take away from the brand  The intangible elements are brand promises and experiences consumers take away from the brand 3 Strengths • Consistently provides high-quality O-rings • Can deliver prototypes in weeks vs months Weaknesses • Long lead times, non-stock • Brand awareness, SOM • Pricing Strengths • Consistently provides high- quality O-rings • Quick turnaround on orders • Technically astute in all compounds and apps • Sufficient inventory • Competitively priced Weaknesses • Long lead times, non-stock • Brand awareness, image • Misperceptions and lack of capabilities understanding • Limited offerings • Slow to quote pricing Strengths • Consistently provides high- quality O-rings • Product variety/breadth • Technically astute in all compounds and apps • Delivers on time • Valuable website content Weaknesses • Long lead times, non-stock • Slow turnaround on orders • Insufficient inventory • Pricing (expensive) • Too large Strengths • Pricing • Product variety/breadth • Short lead times, non stock • Customer service Weaknesses • Brand awareness, SOM • Selling to everyone, not just distribution (no protection) • Inquiry response time • Lack of material developments We Make It Possible. High performance seals for high performance applications. Engineering Your Success. The Right Seal. Right Now.™
  • 4. Current perceptual map of primary competitors by key OEM and distributor selection criteria Provides High-Quality Products Does Not Provide High-Quality Products Delivers On Time Does Not Deliver On Time 4
  • 5. Future perceptual map of primary competitors by key OEM and distributor selection criteria 5 Provides High-Quality Products Does Not Provide High-Quality Products Delivers On Time Does Not Deliver On Time
  • 6. Intrinsic values of Spec Seals’ brand promise 6 The Right Seal. Right Now. TM Relevant brand promise to Distributors and OEMs Unique and differentiating Authentic. Reflects Spec Seals’ DNA Customer experience-oriented Customer benefit-oriented Valid as long as Spec Seals performs to expectations
  • 7. Comparison of distributor and OEM selection criteria and key messaging points, in rank order  Distributor selection criteria and messaging 1. Consistently provides high-quality O- rings 2. Quick response to problems 3. Delivers O-rings on time 4. Meets our O-ring quality standards 5. Quick turnaround on all orders 6. Technically competent 7. Technically astute in all compounds and applications 8. Sufficient inventory to meet our needs 9. Competitively priced 10. Can meet short lead times on non- stock O-rings  OEM selection criteria and messaging 1. Consistently provides high-quality O- rings 2. Delivers O-rings on time 3. Quick response to problems 4. Quick turnaround on all orders 5. Competitively priced 6. Meets our O-ring quality standards 7. Technically competent 8. Meets our O-ring expectations 9. Sufficient inventory to meet needs 10. Technically astute in all compounds and applications 7                
  • 8. Iconography and descriptions – Current  The word “performance” is owned by Parco. And, it only “implies” quality  Unfortunately, neither OEMs or distributors care about “engineered compounds”. Assuming this relates to “custom O-rings” and “custom compounds,” these rank among the least important selection criteria (15th and 17th respectively)  Presume this relates to “design and manufacturing of custom O-rings,” which ranks among the least important selection criteria (15th of 18) 8
  • 9. Future – Promote performance-based benefits 1. “Consistently provides high-quality O- rings,” is number ONE in selection criteria 2. “Delivers O-rings on time,” is number TWO in selection criteria 3. “Quick response when problems arise,” is number THREE in selection criteria 9 HIGH-QUALITY O-RINGS ON-TIME DELIVERY QUICK RESPONSE TO INQUIRIES
  • 10. Recommended Spec Seals’ brand identity and positioning VISION To be recognized as America’s leading provider of high-quality O-rings and custom molded products for commercial and industrial applications MISSION To consistently provide high- quality O-rings and custom molded products to customers quickly, profitably and without fail VALUES A commitment to excellence and the highest levels of mutual respect for customers, employees and vendors alike BRAND ESSENCE High-quality products delivered on time BRAND IDENTITY Spec Seals – The Right Seal. Right Now.™ PROGRAM TACTICS Brand/Image Marketing & Advertising Product/Service Marketing & Advertising PR & Media Relations BRAND POSITIONING/PROMISE The Right Seal. Right Now.TM 10
  • 11. Summary  OEM targets & media information sources 1. Purchasing agent/manager 2. Design engineer/manager 3. Google search and company website 4. Design Engineering magazine/website 5. Machine Design magazine/website 6. Rubber & Plastic News magazine/website  Objective: Tell the right stories to right audiences frequently, consistently and across all key information sources 11  Distributors and OEMs have similar issues and solutions 1. Majority are unfamiliar with Spec Seals 2. Majority have misperceptions 3. Majority need information 4. Brand is respected among those who know 5. Promote brand promise messages • High-quality O-rings • Delivers O-rings on time • Quick response to inquiries  Distributor targets & information sources 1. Owner/president 2. Purchasing agent 3. Customer service manager 4. Google search and company website 5. Industrial Distribution magazine/website 6. Rubber & Plastic News magazine/website 7. Hydraulics & Pneumatics magazine/website
  • 12. 12
  • 13. 13 NEXT STEPS  Discuss presentation implications – Distributor and OEM issues • Brand visibility • Misperceptions and lack of understanding of brand capabilities – Creative solutions • Message focus and clarity • Possible testimonials or pseudomonials (testimonials told in 3rd person)  Develop marketing communication plan  Execute, measure, refine
  • 14. Q&A