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I can't agree with some of the information posted by JMCAUL. While "continous, prolonged exposure" is sometimes effective, there have been many high profile failures of businesses and products who attempted to build new brands via advertising. [Pets.com, for example. I could name others.] Often, prospects simply tune out. When was the last time you bought a product because you saw it advertised? How often does this happen? Using advertising to build a business is not only extremely expensive, it's extremely risky and best suited for companies with deep pockets. Public relations is a much better tool. As JMCAUL states, most prospects simply don't pay attention to advertising. I don't think a statistical examination of business failures would show any correlation between advertising and success. If there is a correlation, please show me. Cite some statistics or something. Advertising is not the same as promotion, just like price is not the same as cost.
What's most important to small business is continuous focus on the fundamentals. 1. Cash, 2. Expenses, 3. Management. Another disagreement I have with the information posted by JMCAUL is that it seems to say that a small business should behave like a big business. Small businesses are not big business and cannot behave similarly in most respects. That defies common sense. It's just a question of resources. Of course Burger King can afford to lose a couple of million dollars on an advertising campaign for a new product. Burger King is a large, resource laden company. Those are the rules of the road.
Memorability through differentiation involves having a product that is actually different or finding a way to create or foster that perception. Brand strategy for new products and services requires clarity and focus above all. It's very difficult to cram a complex idea into someone's head, just as it's difficult to get any idea into anyone's head if the concept is vague and poorly communicated. It's the equivalent of mumbling. Much better to use short, clear marketing communications to position your product or service. Mumbled marketing communications are doomed to failure. Complex marketing communications are doomed to failure. Why is this? Because most people won't pay attention.
Ramping up isn't a question of advertising. Ramping up is a question of scalability. Is your small enterprise scalable? By scalable, I mean production-wise, finance-wise, etc. You can only ramp up as far and as fast as you can scale. Ramping up has nothing to do with advertising at all. Does ramping up mean growing the business? That's definitely a question of scaling and operations, not advertising. Will advertising help anyone grow a business that isn't in a position to scale its operations? That's cart before horse in my opinion.
1. Using advertising to build a business is extremely expensive. 2. Most prospects tune out when faced with prolonged media exposure. 3. Numerous, high profile failures used this method. EX: Pets.com and most new products. 4. This approach is best suited for companies with deep pockets. 5. Show me a statistical correlation between advertising and business failure. 6. Advertising is not the same as promotion. It's one method of promotion.
1. Small business requires consistent focus on the fundamentals. 2. The fundamentals are A. Cash, 2. Expenses, 3. Management. 3. Small business is not big business. Question of resources. 4. Burger King can afford to lose millions on an advertising campaign. 5. Burger King is a large, resource-laden company.
1. Memorability through differentiation requires carefully crafted marketing communications. 2. Branding for new products requires intense focus and clarity. 3. Complex ideas are difficult to communicate. 4. Use short, clear marketing communications to position the product/service.
5. Ramping up isn't a question of advertising. 6. Ramping up is a question of scalability. 7. Scalability: production-wise, finance-wise, etc. 8. You can only ramp up as far or as fast as you can scale.
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