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Benefitting from 360 degree marketing
Introduction
A senior marketing director in a recent
conversion blurted out that while her
marketing budget has increased YoY, the ROI
seems to be elusive. What was bothering her
was the fact the company spends
substantially in curated events managed by
respected analysts, and yet Sales find the
coverage insufficient. While number of
events their company showcased increased
management was not sure what beyond the
local noise could be used to sustain branding.
While such a strategy could have worked
earlier, with increasing internet and mobile
penetration, de-emphasizing the role of social
media does not auger well for any company.
As shown in Figure 1, marketing spend on
various media is spread across both offline
and online media vehicles. In many
developing economies, the print and physical
media still play a dominant role, but the
impact the social media has in attracting and
influencing millennials can’t be wished away.
A good marketing program must blend variety
of offline and online assets shown in Figure 2
to maximize reach and increase brand loyalty.
While online assets may have certain
advantages including high reuse of content,
higher reach at lower cost, offline assets like
events, F2F seminars, etc. provide high
customer contact. A common problem with
most companies is they focus on few
marketing assets and lack an integrated
approach. Some believe in only the physical
networking events and other lean heavily on
social media platforms.
With internet penetration increasing and
mobile adoption driving the customer
behaviour marketing is witnessing major
upheavals. Even established brick-and-mortar
brands cannot just sit back and rely on
traditional marketing channels anymore and
risk losing market share. Many companies
have jumped onto the bandwagon, created
social media accounts on various platforms
including Linkedin, Facebook, Instagram,
Twitter etc. Most outsource online activities
to an agency and hope they would be able to
assimilate their brand strategy and engage
and drive prospective customers. Many
companies have invested in a small internal
marketing team that holds the reins for both
physical and online medium, often confused
and lost in coordinating several activities at
the same time without much of a thought
why the particular activity. Many companies
hope presence in these platforms and isolated
activities in physical space maximise their
brand reach and lead to sales. But very few
actually know if they are leveraging on your
social media marketing efforts correctly.
Several studies across marketing managers
indicate:
1) 50% of marketing budget is wasted
2) Only 34% of feel their content
marketing works
3) 25% had no marketing strategy
Page | 2
4) 44% had no alignment between
various marketing media
ROI on marketing dollars can be only
improved by 1) exploiting both offline and
online assets in a well-orchestrated manner,
and 2) by tightly aligning internal marketing
teams with external agencies. In this paper,
Browne & Mohan consultants share how
these two objectives can be achieved by
sticking to the basics, understand why
marketing, what unique advantages various
marketing assets offer and intertwine them in
a seamless synchronous way to maximize
marketing reach and revenue growth.
Marketing objectives and marketing assets
Before we look at how to bridge seamlessly
the offline and online marketing assets, lets us
first understand the objectives of marketing
programs and how to attain them. Any
marketing activity is to help consumers
associate with the brand, help differentiate its
offerings and seek higher revenues. There are
four main objectives that are fundamental to
a company’s marketing program are Inform-
Listen-Influence-Advocacy.
The Inform Stage which typically consists of
information and knowledge exchange
amongst the producer and the consumer
groups. Companies use various marketing
assets to communicate to the interest group
their unique existence, product/service
offering set, pricing and other advantages.
The primary focus is to choose media assets
that help reach larger set of consumers. This is
similar to “eyeballs” principle employed in
many online businesses. The objective is
maximise reach at an affordable cost.
Next marketing objective is to listen how the
marketing message is being received by the
target audience. The listening stage stresses
on initiation of conversations with the
identified target audience, identifying the
nature and source of conversations, collection
of valuable suggestions, ideas and feedback
from the current customers. It is extremely
important to know the source of
conversations to gather idea on which media
platforms the prospects or consumers are
currently active and how to engage the
organization’s media resources and strategies
accordingly. For an effective conversation
listening organization requires the dedicated
systems and process at the company level.
Understanding the user behaviour, motives
and expectations from the conversations is
extremely important for an organization
which wants to take future engagement.
Objective of all marketing programs is to
direct the intent to direct and influence the
purchase intent of the consumer towards
their products and services and gain revenues.
Companies use several approaches to drive
influence. They could engage decision
influencers or community heads or celebrities
to endorse their products. Companies also
effectively use third party credible parties
who may be perceived “neutral” such as
academic institutions, analysts and R&D
organizations to canvass for their products.
Awards, citations, sponsored industry events,
directed online community forums are all
effective mediums of influencing consumers.
Smarter companies marketing cost can only
be contained and more effective if they can
outsource inform and influence part of
marketing to external agencies. The objective
is to minimize total costs of managing
disparate activities with highly fragmented
consumers. An effective marketing program
creates converts who would act as
ambassadors, influencers and gatekeepers for
the brand. Advocacy is the final objective is a
evolved marketing plan. The objective is to
enlist willing individuals who would eschew
the role of brand ambassadors and drive
positive word of mouth.
Each marketing asset offers certain natural
advantage at different stages of marketing
objectives as shown in Figure 3. Assets that
have lower cost of creation, bundling and
distribution work best at inform stage. Assets
that are traditionally available to disseminate
Page | 3
information may also enjoy cost & other
competitive advantage, albeit not sustainable
over long run. Hence, online marketing assets
such as blogs, brochures, online forums enjoy
huge cost advantages in the inform stage.
Incumbent Offline marketing assets such as
newspapers, TV and Radio enjoy competitive
advantages and continue to play a role in
informing customers about products and
services. Social media revolves around
conversations, community, connections and
social networks. Social media encourages
contributions and feedback from the interest
group. For startups and established firms,
social media makes a lot of business sense
because the tools are free and easy to
manage.
While most marketing assets can be useful in
receiving customer feedback, some assets
enjoy certain unique natural advantages over
others. Marketing assets such as online
forums, Face to face meetings allow for
bidirectional exchange of dialogues, iterative
discussions on opinions and high depth of
information that could be exchanges. Hence,
these assets serve as effective feedback
platforms and meet marketing objective
“listening” requirements.
Marketing assets such as curated white
papers, case studies, conferences and
magazine publications are very effective in
directing the customer purchase intentions
and shepherd them to its flock. These assets
allow for experience sharing and position
‘expertise,’ and therefore help the company in
moving branding from product-commodity to
credibility. A key element of social media
marketing assets is the level of involvement of
users or employees in content generation,
community building, etc. The main focus is on
brand reinforcement and effective brand
reputation management by cutting down the
noise around a brand. The noise attenuation
is made possible by representing the
employees as brand defenders. These
marketing assets also allow the company to
deeply engage with the influencers who
contribute in social brand building. These
assets companies allow companies to enable
influencers play a key role as mentors, and
ultimately lead to significant contribution in
engaging with the brand community.
A company’s most tangible form of legitimacy,
probably, comes in the form of direct support
from its customers, supporters and its
admirers. The fact that a company has their
consent and support for its products is a
strong source of legitimacy. Companies gain
legitimacy and from advocacy when their
customers, partners and ecosystem players
endorse and push their products and services.
Endorsements help drive positive word of
mouth and serve as the best form of
advertisement. Third party endorsements
including awards influence all stages of
customer purchase cycle, right from search,
evaluation, negotiation and order. Extent of
reusability of endorsements and flexibility in
their packaging makes marketing assets such
as Analyst case studies, award video’s etc
effective means to lock-in customers.
3600
marketing
Browne & Mohan consultants believe a
company’s marketing program can only be
effective if it judiciously combines all offline
and online marketing assets at its disposal.
Page | 4
The key to effective marketing lies not just in
extensive meshing of offline and online assets,
but also an embellish strategy of marketing
content. We call this 3600
marketing. This
ensures messaging starts from basic assets
and progresses to high scale assets. Marketing
communications becomes extensive, both
content depth and quality improves with each
of the assets in a scalar form. The advantage
of this is that content development and
curation can happen in stages and stronger
stories, messaging emerge with each insert.
For example, an infographics can be used to
reward the reader with rich insights with high
level cause-effect. Marketing team may start
with an infographic, high on information
density and distilled functionality and
communicate through high imagery. Next
level, a blog, which is used to influence,
informative or thought provoking, may extend
the infographic content. The blog could
contain rich arguments and silver line
conclusion. The content could be further
extended by creating a richer whitepaper
which would help in positioning expertise,
credibility and promote advocacy. Beauty of
the embellish model is that content not only
unfolds in a consistent manner, also all of
them form independent hooks to improve
visibility and customer engagement process is
always on. Similar extensive strategy can also
be used for physical platforms. Companies
realize focus group meetings, followed by
industry forum and curated events including
analyst shows provide improve coverage and
affinity. Browne & Mohan consultants
propose a simple approach, shown in Figure
4, to implement 3600
marketing.
The objective of pursuing 3600
marketing is to
align the offline and online assets, but also
benefit from embellished content strategy.
Start with an ‘As-is’ analysis of all your
marketing efforts. Evaluate the current
budgets, assets deployed, their frequency of
use, customer engagements and impact,
identify the marketing gaps. It could be high
reliance on a particular marketing asset,
ineffective linkages of content within online,
dropping importance of particular assets, etc.
Rework the budget, top 4 marketing goals to
achieve and activities to maximize reach and
brand impact. Next, do quarter-wise and
month-wise plan for various assets and detail
activities. Plan and execute various activities
in each quarter by adopting embellish
strategy. Extend assets from low information
load & low cost to high information load and
costly marketing assets. Ensure the activities
are nicely meshed across both online and
offline environments. Conduct a monthly
review to evaluate the activities conducted
and their outcome. Replan assets and
activities for the consecutive quarters based
on the review to ensure maximum reach and
integration.
Selected Bibliography
Asmussen, Bjoern, et al. "The multi-layered
nature of the internet-based democratization
of brand management." Journal of business
research 66.9 (2013): 1473-1483.
Page | 5
Daffey, A. and Abratt, R. (2002), "Corporate
branding in a banking environment",
Corporate Communications: An International
Journal, Vol. 7, No. 2, pp. 87-91.
Dahlén, Micael, Fredrik Lange, and Terry
Smith. Marketing communications: a brand
narrative approach. John Wiley & Sons, 2010.
Lomax, W. and Mador, M. (2006), “Corporate
re-branding: From normative models to
knowledge management”, Brand
Management, Vol. 14, No. 1/2, pp. 82-95.
Moretti, Andrea, and Annamaria Tuan. "Social
media marketing and relationship marketing:
revolution or evolution? A first step analysis."
Sinergie Italian Journal of Management
(2014).
Pearson, Andrew. "Integrating social media
with mobile, online and other marketing
channels." Journal of Digital & Social Media
Marketing 1.2 (2013): 192-200.
Roberts, Mary, and Debra Zahay. Internet
marketing: Integrating online and offline
strategies. Cengage Learning, 2012.
Schultz , D . E . and Schultz , H . F . ( 2000 ) ‘
How to build a billion dollar business-to-
business brand? ’ , Marketing Management ,
Vol. 9 , No. 2 , pp. 22 – 28 .
Smith, Paul Russell, and Ze Zook. Marketing
communications: integrating offline and
online with social media. Kogan Page Ltd.,
2011.
Browne & Mohan white papers are for
information and knowledge update purpose
only. Neither Browne & Mohan nor its
affiliates, officers, directors, employees,
owners, representatives nor any of its data or
content providers shall be liable for any errors
or for any actions taken in reliance thereon.
© Browne & Mohan 2015. All rights
reserved Printed in India

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360 Degree Marketing: How to benefit from online and offline marketing communication

  • 2. Page | 1 Benefitting from 360 degree marketing Introduction A senior marketing director in a recent conversion blurted out that while her marketing budget has increased YoY, the ROI seems to be elusive. What was bothering her was the fact the company spends substantially in curated events managed by respected analysts, and yet Sales find the coverage insufficient. While number of events their company showcased increased management was not sure what beyond the local noise could be used to sustain branding. While such a strategy could have worked earlier, with increasing internet and mobile penetration, de-emphasizing the role of social media does not auger well for any company. As shown in Figure 1, marketing spend on various media is spread across both offline and online media vehicles. In many developing economies, the print and physical media still play a dominant role, but the impact the social media has in attracting and influencing millennials can’t be wished away. A good marketing program must blend variety of offline and online assets shown in Figure 2 to maximize reach and increase brand loyalty. While online assets may have certain advantages including high reuse of content, higher reach at lower cost, offline assets like events, F2F seminars, etc. provide high customer contact. A common problem with most companies is they focus on few marketing assets and lack an integrated approach. Some believe in only the physical networking events and other lean heavily on social media platforms. With internet penetration increasing and mobile adoption driving the customer behaviour marketing is witnessing major upheavals. Even established brick-and-mortar brands cannot just sit back and rely on traditional marketing channels anymore and risk losing market share. Many companies have jumped onto the bandwagon, created social media accounts on various platforms including Linkedin, Facebook, Instagram, Twitter etc. Most outsource online activities to an agency and hope they would be able to assimilate their brand strategy and engage and drive prospective customers. Many companies have invested in a small internal marketing team that holds the reins for both physical and online medium, often confused and lost in coordinating several activities at the same time without much of a thought why the particular activity. Many companies hope presence in these platforms and isolated activities in physical space maximise their brand reach and lead to sales. But very few actually know if they are leveraging on your social media marketing efforts correctly. Several studies across marketing managers indicate: 1) 50% of marketing budget is wasted 2) Only 34% of feel their content marketing works 3) 25% had no marketing strategy
  • 3. Page | 2 4) 44% had no alignment between various marketing media ROI on marketing dollars can be only improved by 1) exploiting both offline and online assets in a well-orchestrated manner, and 2) by tightly aligning internal marketing teams with external agencies. In this paper, Browne & Mohan consultants share how these two objectives can be achieved by sticking to the basics, understand why marketing, what unique advantages various marketing assets offer and intertwine them in a seamless synchronous way to maximize marketing reach and revenue growth. Marketing objectives and marketing assets Before we look at how to bridge seamlessly the offline and online marketing assets, lets us first understand the objectives of marketing programs and how to attain them. Any marketing activity is to help consumers associate with the brand, help differentiate its offerings and seek higher revenues. There are four main objectives that are fundamental to a company’s marketing program are Inform- Listen-Influence-Advocacy. The Inform Stage which typically consists of information and knowledge exchange amongst the producer and the consumer groups. Companies use various marketing assets to communicate to the interest group their unique existence, product/service offering set, pricing and other advantages. The primary focus is to choose media assets that help reach larger set of consumers. This is similar to “eyeballs” principle employed in many online businesses. The objective is maximise reach at an affordable cost. Next marketing objective is to listen how the marketing message is being received by the target audience. The listening stage stresses on initiation of conversations with the identified target audience, identifying the nature and source of conversations, collection of valuable suggestions, ideas and feedback from the current customers. It is extremely important to know the source of conversations to gather idea on which media platforms the prospects or consumers are currently active and how to engage the organization’s media resources and strategies accordingly. For an effective conversation listening organization requires the dedicated systems and process at the company level. Understanding the user behaviour, motives and expectations from the conversations is extremely important for an organization which wants to take future engagement. Objective of all marketing programs is to direct the intent to direct and influence the purchase intent of the consumer towards their products and services and gain revenues. Companies use several approaches to drive influence. They could engage decision influencers or community heads or celebrities to endorse their products. Companies also effectively use third party credible parties who may be perceived “neutral” such as academic institutions, analysts and R&D organizations to canvass for their products. Awards, citations, sponsored industry events, directed online community forums are all effective mediums of influencing consumers. Smarter companies marketing cost can only be contained and more effective if they can outsource inform and influence part of marketing to external agencies. The objective is to minimize total costs of managing disparate activities with highly fragmented consumers. An effective marketing program creates converts who would act as ambassadors, influencers and gatekeepers for the brand. Advocacy is the final objective is a evolved marketing plan. The objective is to enlist willing individuals who would eschew the role of brand ambassadors and drive positive word of mouth. Each marketing asset offers certain natural advantage at different stages of marketing objectives as shown in Figure 3. Assets that have lower cost of creation, bundling and distribution work best at inform stage. Assets that are traditionally available to disseminate
  • 4. Page | 3 information may also enjoy cost & other competitive advantage, albeit not sustainable over long run. Hence, online marketing assets such as blogs, brochures, online forums enjoy huge cost advantages in the inform stage. Incumbent Offline marketing assets such as newspapers, TV and Radio enjoy competitive advantages and continue to play a role in informing customers about products and services. Social media revolves around conversations, community, connections and social networks. Social media encourages contributions and feedback from the interest group. For startups and established firms, social media makes a lot of business sense because the tools are free and easy to manage. While most marketing assets can be useful in receiving customer feedback, some assets enjoy certain unique natural advantages over others. Marketing assets such as online forums, Face to face meetings allow for bidirectional exchange of dialogues, iterative discussions on opinions and high depth of information that could be exchanges. Hence, these assets serve as effective feedback platforms and meet marketing objective “listening” requirements. Marketing assets such as curated white papers, case studies, conferences and magazine publications are very effective in directing the customer purchase intentions and shepherd them to its flock. These assets allow for experience sharing and position ‘expertise,’ and therefore help the company in moving branding from product-commodity to credibility. A key element of social media marketing assets is the level of involvement of users or employees in content generation, community building, etc. The main focus is on brand reinforcement and effective brand reputation management by cutting down the noise around a brand. The noise attenuation is made possible by representing the employees as brand defenders. These marketing assets also allow the company to deeply engage with the influencers who contribute in social brand building. These assets companies allow companies to enable influencers play a key role as mentors, and ultimately lead to significant contribution in engaging with the brand community. A company’s most tangible form of legitimacy, probably, comes in the form of direct support from its customers, supporters and its admirers. The fact that a company has their consent and support for its products is a strong source of legitimacy. Companies gain legitimacy and from advocacy when their customers, partners and ecosystem players endorse and push their products and services. Endorsements help drive positive word of mouth and serve as the best form of advertisement. Third party endorsements including awards influence all stages of customer purchase cycle, right from search, evaluation, negotiation and order. Extent of reusability of endorsements and flexibility in their packaging makes marketing assets such as Analyst case studies, award video’s etc effective means to lock-in customers. 3600 marketing Browne & Mohan consultants believe a company’s marketing program can only be effective if it judiciously combines all offline and online marketing assets at its disposal.
  • 5. Page | 4 The key to effective marketing lies not just in extensive meshing of offline and online assets, but also an embellish strategy of marketing content. We call this 3600 marketing. This ensures messaging starts from basic assets and progresses to high scale assets. Marketing communications becomes extensive, both content depth and quality improves with each of the assets in a scalar form. The advantage of this is that content development and curation can happen in stages and stronger stories, messaging emerge with each insert. For example, an infographics can be used to reward the reader with rich insights with high level cause-effect. Marketing team may start with an infographic, high on information density and distilled functionality and communicate through high imagery. Next level, a blog, which is used to influence, informative or thought provoking, may extend the infographic content. The blog could contain rich arguments and silver line conclusion. The content could be further extended by creating a richer whitepaper which would help in positioning expertise, credibility and promote advocacy. Beauty of the embellish model is that content not only unfolds in a consistent manner, also all of them form independent hooks to improve visibility and customer engagement process is always on. Similar extensive strategy can also be used for physical platforms. Companies realize focus group meetings, followed by industry forum and curated events including analyst shows provide improve coverage and affinity. Browne & Mohan consultants propose a simple approach, shown in Figure 4, to implement 3600 marketing. The objective of pursuing 3600 marketing is to align the offline and online assets, but also benefit from embellished content strategy. Start with an ‘As-is’ analysis of all your marketing efforts. Evaluate the current budgets, assets deployed, their frequency of use, customer engagements and impact, identify the marketing gaps. It could be high reliance on a particular marketing asset, ineffective linkages of content within online, dropping importance of particular assets, etc. Rework the budget, top 4 marketing goals to achieve and activities to maximize reach and brand impact. Next, do quarter-wise and month-wise plan for various assets and detail activities. Plan and execute various activities in each quarter by adopting embellish strategy. Extend assets from low information load & low cost to high information load and costly marketing assets. Ensure the activities are nicely meshed across both online and offline environments. Conduct a monthly review to evaluate the activities conducted and their outcome. Replan assets and activities for the consecutive quarters based on the review to ensure maximum reach and integration. Selected Bibliography Asmussen, Bjoern, et al. "The multi-layered nature of the internet-based democratization of brand management." Journal of business research 66.9 (2013): 1473-1483.
  • 6. Page | 5 Daffey, A. and Abratt, R. (2002), "Corporate branding in a banking environment", Corporate Communications: An International Journal, Vol. 7, No. 2, pp. 87-91. Dahlén, Micael, Fredrik Lange, and Terry Smith. Marketing communications: a brand narrative approach. John Wiley & Sons, 2010. Lomax, W. and Mador, M. (2006), “Corporate re-branding: From normative models to knowledge management”, Brand Management, Vol. 14, No. 1/2, pp. 82-95. Moretti, Andrea, and Annamaria Tuan. "Social media marketing and relationship marketing: revolution or evolution? A first step analysis." Sinergie Italian Journal of Management (2014). Pearson, Andrew. "Integrating social media with mobile, online and other marketing channels." Journal of Digital & Social Media Marketing 1.2 (2013): 192-200. Roberts, Mary, and Debra Zahay. Internet marketing: Integrating online and offline strategies. Cengage Learning, 2012. Schultz , D . E . and Schultz , H . F . ( 2000 ) ‘ How to build a billion dollar business-to- business brand? ’ , Marketing Management , Vol. 9 , No. 2 , pp. 22 – 28 . Smith, Paul Russell, and Ze Zook. Marketing communications: integrating offline and online with social media. Kogan Page Ltd., 2011. Browne & Mohan white papers are for information and knowledge update purpose only. Neither Browne & Mohan nor its affiliates, officers, directors, employees, owners, representatives nor any of its data or content providers shall be liable for any errors or for any actions taken in reliance thereon. © Browne & Mohan 2015. All rights reserved Printed in India