Sunday, May 6, 2012

Android: The New Medium For Marketing

Out of all the P’s of marketing, Place is an important one. Since the beginning of marketing and advertising, many places have seemed to capture the fascination of marketers. If we trace the timeline, we can see this notion coming to the surface. This has nothing to do with the changing moods of marketers or advertising professionals. It is highly dependent on the medium through which the information is carried to people. This medium has changed with the innovation and its insurgence in the lives of people.


Evolution of Marketing places

With the invention of printing press, a medium for carrying news to the people was created and so was a marketing place. Creation of Skyscrapers grabbed the eyeballs of people. Marketers booked the outdoor media space through Bill boards. Television ads are still one of the major means of advertising in developing countries because people are still glued to the idiot box. Recent rise of online ads, Google ads is credited to internet in the lives of people. This can be attested to the fact that people in urban areas and in developed countries are spending more and more time in front of laptops than cathode ray tubes. Marketers are in search of just ‘The next right place’. It can be anything to the likes of the empty space on Buses, Out of Home(OOH) Advertising Media, promotion through movies (ala Munni with Zandu Balm) ,pamphlets in newspapers or some space in your inbox ( mobile and email both included. The latest entrant to grab the attention is Android Operating System.


Android Operating Systems

The sales of gadgets have seen a shift towards smart phones and tablets. Majority of them operate on Android Operating systems. During these years of slowdown, the smart phone market continues to buzz. A recent study by Gartner Market Research firm on Android reveals that during the third quarter mobile phone sales grew by 5.6% taking market to 440.5 million units. But, the sales of smart phone devices increased by 42% in third quarter of 2011 from the third quarter of 2010 taking 115 million smart phones to end user.


This trend is also getting reflected through the number of apps getting developed based on Android.  Android is fast catching up with rival Apple. Apple has 450,000 apps in the Apple App Store while Android has more than 320,000 apps in the Android market. Research firm Ovum predicts that by end of year 2012 Android downloads will reach 8.1 billion downloads from 1.4 billion in 2011. While app downloads for Apple will increase from 2.7 billion in 2011 to 6.1 billion by 2012. There has also been a shift of app developers towards Android based apps from Apple compatible.


A thought of possibilities

Had Martin Luther King been a marketer in this era, he would have said again for the possibilities of Android Marketing “I have a dream”.  The whole new age is about to be unlocked with the present set of apps. Just imagine you are trying to locate a place through Google Apps. In this flat world, you are getting directions having references of Brands and showroom. This is implementation of Cross selling and Co-branding in altogether a different world.


In every direction, an advertisement is getting displayed through one such app for the nearest brand/showroom near that lane. An advertisement is lurching to get played from the search results. The advertisement on this platform is not selling the product but also the chain of services. If you like the product to get delivered, the link through advertisement will take you to the payment processing centre linked with Visa, MasterCard or American Express etc. It has unlocked whole new labyrinth of doing business.
If you want to shift i.e. buy or rent a house you just need to download an app from Trulia (see the pic.), it will show you the rates of the places at that place. The city in front of you will be a store where you pick stuff for your kitchen returning from office. If you really hated your boss bashing you, you have another app from Monster.com


Displaying these ads has created a new sector for android ad server. The Companies like Smart Ad Server are popping up in the field of Advertising agencies. With the advent of human imagination, we never know where it leads to but yes we can say that a whole new world for conducting commerce has been created.
Man is a creature of habit. It does not take much time for him to get addicted. Android has hit the sweet spot. It is riding the wave giving consumers new experiences at affordable prices. This complete exercise has given immense freedom and choice to customer. A customer with these facilities would love to be more spoilt. There is no end to human wants. It will be an understatement if I conclude: Android is here to stay!



Friday, February 10, 2012

The Next Level: Marketing 3.0


Marketing, today, has really come of age - from being 'product centric' (Marketing 1.0) in the industrial age to being 'customer centric' (Marketing 2.0) until recently. But the world is fast reaching a point, at which a complete shift will occur in the way customers are perceived and in the way marketing is done. And to stay ahead of the curve, brands will have to evolve themselves to survive in the renewed market, to think on their feet and express their benefits through ideas, service and entertainment.

Welcome to the world of Marketing 3.0 - the ‘human centric’ era. Today, we are witnessing a transition from the information age to the ‘age of participation', and hence it is imperative for the marketer to look at people not just as customers, but as ‘humans’, who are active, expressive, anxious and conscious. No longer is the purpose restricted to identifying and fulfilling only the needs and wants of the customer; now it's vital to identity and fulfill their deepest anxieties and desires as well.

An unprecedented coalescence of low-cost computing devices, easily available bandwidth and open-source has allowed unlimited connectivity and interactivity of corporations and individuals alike. So today the people are creating news, ideas and entertainment as well as consuming them. The means of marketing must now evolve as the media itself evolves, and as the marketer exercises little, if any, control over what the customer sees. The internet and the multifarious terms of social media have enabled the customer to see what a company is doing for the benefit of the community as a whole. Hence, collaboration with the customer is called for to listen to his/her voice and to capture market insights which can help in distilling out a distinctive ‘cultural dynamic’ that has a significant resonance among the various communities. Moreover, as a natural consequence of globalisation, cultural issues urgently need to be put at the core of a company's business model.

A steady rise of the ‘creative society’ has also necessitated that the products and services must overreach the satisfaction of needs to deliver an experience that touches the customer's spiritual side as well. The customer isn't just the king, but s/he’s also the R&D and product development head today. Hence, it is imperative for companies to create personal communications with the customer by promoting their freedom to talk about the company and its brands.

The customer today demands collaborative, iconic, and independent marketing approaches. Sophisticated consumers of today are creating the future's creative consumer markets, in which targeting the mind isn't enough, but the key is to target their hearts. So, marketing must be emotionally relevant and redifine its root as a triangle of Positioning, Differentiation and Brand. A clear positioning in the customer's mind will lead to a distinct brand identity; strongly differentiating your brand will give it a different brand image; and a clear positioning bolstered by a strong differentiation will lead to formidable brand equity.

Companies must also realise that they are a part of the society and the environment, and must align their mission, vision and values towards social responsibility. Aspiring for sustainability will definitely strike a chord with the people and this is what people share on social networks.

Marketing 3.0 requires the companies to create not only products and services, but entire corporate cultures, which are customer value driven at the fundamental level. Instead of a linear relationship between a brand and a consumer, an interconnected linkage between company, brand, employees, consumers and community is the need of the hour.

Neuromarketing: Scanning India



Neuromarketing – scanning people’s brains to gauge their reaction to products – has made huge strides over the past five years. India is the next country to submit its subconscious to the probing.

For consumer goods companies, the technique is an alternative to verbal feedback from would-be consumers, which is not always reliable. The idea is to scan people’ reactions, then design products, packaging and advertising to stimulate particular parts of the brain. And the leading practitioner sees India’s bulging middle class as a prime target.

Neuromarketing’s critics dismiss it as a fad. Yet Neurofocus, the global market leader in neurological testing, has seen 100 per cent year-on-year growth over the last three years. It employs leading neuroscientists, works with major food, car, electronics and cosmetics companies, and has offices in London, Tokyo, Tel Aviv, Seoul, Bogotá, New York and Dallas.

Neurofocus’s Indian-born chief executive, says the idea of selling products through multiple celebrity endorsements is misplaced. And he sees huge opportunities for neuromarketing in India:
It is a culture that is highly emotional and companies need to be able to talk to people in a language that they truly understand. If you look at the India’s ancient scriptures and philosophies
you can see that it is a culture obsessed with the brain.
For thousands of years the country has looked into the human condition, how people should live their lives, how they should think and react in any given situation. How does the mind and body connect? If I don’t do this here, where will I do it?

Companies might not share such mysticism, but they know understanding India’s middle class is crucial. In a report from earlier this year, analysts at Deutsche Bank said:
India’s middle class consumption is roughly equivalent to Ireland’s total private consumption and is forecast to triple as a share of India’s total consumption over the next 15 years…
For corporations, the middle class in India thus presents significant business opportunities. The sales growth of consumer goods such as televisions and mobile phones to the middle class has already been established, but a new range of products such as financial services is increasingly being geared towards this group as well.

Meanwhile, penny-pinching customers might soon have to control their subconscious, if they’re to avoid overspending on saris, spices and the rest.