Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

17.7.14

What’s Trending in Football?

5 things to keep in mind while posting about trending topics


The 2014 FIFA World Cup has been a football lover’s dream. It has generated precisely the level of thrill, excitement, nail-biting, nervousness and satisfaction that a fan desires and expects from the greatest sports tournament in the world.

Mario Goetze’s extra time winner for Germany in the final against Argentina was the 171st goal to be scored in the tournament equaling the all-time world cup record of most goals scored. Each and every team registered on the score sheet at least once. 8 out of the 16 knockout games were decided by Extra time or on penalties. If this isn’t exciting enough, the World cup saw more than its fair share of shocks, controversies and upsets. This World Cup was the justification of FIFA President Joao Havelange’s decision in 1998 to increase the number of participant teams from 24 to 32 as it showcased the potential of the “underdogs” with Chile, Costa Rica and Columbia punching way above their weight. On the other hand, World Cup mammoths like Portugal, Italy, England and reigning champions Spain were thrown off their pedestal pretty early into the tournament. Pundits are describing this as the greatest World Cup ever and it has done nothing but add to the already massive popularity and fan following football as a sport enjoys.

FIFA, the governing body of world football now has more member nations than the United Nations. It is truly a global sport and isplayed or followed by billions of people around the world. It is a sport that requires minimal equipment and is played by people from all races, religions, castes, genders or income groups. Football is played on the beach, in the snow, in the desert, on a ground, indoors and even in war zones. It is this flexibility and adaptability of the sport that creates an unparalleled fan following and loyalty.

The tears in the eyes of fans when their team is losing, the celebration during victory, the anger at the transfer of their favorite player from the club they’ve been supporting since childhood to the direct rivals, the delight of qualifying for the Champions league and countless other emotions are shared universally by billions of fans across the globe. These fans respond very positively or very negatively to every piece of news that the world of football provides and one can count on football to provide regular and ample fodder.

Suarez biting Chiellini, Zuniga’s outrageous tackle against Neymar, Lois Van Gaal’s appointment as the manager of Manchester United, Germany’s mauling of Brazil and Kroos’s move to Real Madrid are just a few examples of gossip that football offers on a daily basis.

In digital marketing terms these are called “trending topics”. The fans discuss this exhaustively online and love to read everything they can about every topic there is.

Herein lies the opportunity for marketing, advertising and building a brand.

Posting about these trending topics has really picked up in recent years with memes, jokes, 6 second videos called vines and tweets. These posts on trending topics that fans want to read about can be used to create brand awareness and loyalty. Users would love to read about, laugh at or enjoy such news or gossip and the presence of your brand name along is a sure shot mantra to increase brand loyalty.

Some examples of impactful posts are-

“But the most important question is: Do the Germans know who Sachin Tendulkar is?”

“Hey @luis16suarez. Next time you're hungry just grab a Snickers.”

“David Moyes....The UnChosen One...”

Brands like Amul, Snickers and McDonalds’s do a great job at this while some brands fail miserable. It does not require a creative genius to come up with these posts. A few things if kept in mind would ensure that your brand benefits the most from these trending topics.
 

5 things to keep in mind while posting about trending topics:-

1)    Do not lose focus- Your brand is not the hero of the post, the topic is. The limelight must be on the topic as that is what the users are interested in.
2)    Be precise- The posts would either be memes, tweets, vines or jokes. No one has the time or inclination to read lengthy paragraphs. You must not try and communicate everything in a single post.
3)    Do not be late- Nothing tastes as bad as expired bread. Post when users are interested to know or read about the topic or do not post at all. No one would be interested to read about the Louis Van Gaal’s appointment or Fabregas’ move to Chelsea now.
4)    Use visual cues- Majority of the users scroll down their news feed without reading each and every post. Usage of distinct and attractive visual cues like giff videos or images is the only way to grab their attention and indicate the post’s link to the topic.
5)    Take risks or be different- Last but perhaps the most important point is to take risks or post unique content. Posting the same kind of posts as the competition will not grab any eyeballs. For example – every possible post against Lionel Messi winning the golden ball has been already posted. A post supporting his selection and making an ideal case for it would be refreshing and stand out from the crowd.


By
Siddharth Shetty,
Marketing Intern,
Integrated Corporate Practice
DY Works

13.6.14

Technology, Jargon and Branding

India is a very social country. People love talking, about everything under the sun from rocket science to global economy to what time the neighbour’s daughter returned home the previous night. We love to talk, gossip, discuss and debate with an authority that seems formidable on the subject but rarely has enough substance if tested. Just for example, last evening as I was returning home by the local I overheard two co-passengers discussing the about-to-start FIFA World Cup and how Real Madrid are the favourites having won the Champions Trophy! I did not bother pointing out the several flaws in each of his statements; he was just another brick in the wall.

But as we have evolved, so has our ability to consume data and information from everywhere around us, grasp the finer points and then make our conversation more relevant. We consume at an immense pace, keeping track of not only ours but pretty much the world’s activities through the virtual world that is wrapping us. Whether it be stalking a friend’s FB wall or following their thoughts via Twitter, we are everywhere consuming all kinds of information, and then happily spreading it around. Social collaboration is at its all-time high without an end in sight.
 
We just love being social!


Source:http://thinkmarketingmagazine.com/


13.4.13

In a new bottle

Business Standard, Monday, April 1, 2013

The old paradigm of business - where manufacturers produced, marketers relayed product messages, consumers listened and sales followed naturally - has crumbled. It has given way to an economy where consumers co-create with manufacturers, marketing stands for two-way interactions, and made-for-the-customer offerings zip into the marketplace bypassing traditional channels, using platforms unheard of even a few years ago.

1.6.10

Myths and Reality at the Bottom of the Pyramid

Myths and Reality at the Bottom of the Pyramid


By Alpana Parida, CEO - DMA Yellow Works

We have a European client who has christened the Indian market as a Bottom of the Pyramid market. Meaning a high volume, low value market. So – they are investing very little in the market, throwing a few products in, with no customization to local tastes, and hoping it sticks. An incredibly wasted opportunity to become relevant in what is one of the largest markets in the world.

This abhorrent phrase always conjures up a vast populace of the low means and even lower spending power.  It has been at least 5-6 years since the late CK Prahlad sexed up this demographic with a tantalizing fortune attached to it. The premise: If bite sized products or services were offered to the largest but the poorest section of population, the overall volumes could be very high, yielding higher absolute profits. Examples of Rs. 2 sachet packs of shampoos, Rs.5 colas, small size toothpastes and soaps – and all similar initiatives of bringing the unit size and price down are considered to be initiatives to capture the bottom of the pyramid.

This is a completely top down view of things and a belief that ‘our’ products and aspirations are the same as that of a very large population – and that they want to be like us. While there is no question about the fortune at the ‘bottom of the pyramid’; there is a missed opportunity by not identifying the products and services that fulfill needs and aspirations – rather than simply being the ‘down-market’ or dumbed down versions of the top and middle of the pyramid products. There are no brand or market solutions here – that can result in tangible results in a new and exciting marketplace.

Being economically poor does not mean being knowledge poor and if offered products that can bring value to their lives, they will, like all consumers see the need. I am aware of no research done by a marketer to identify product opportunities here. Inventions such as floating bicycles – that can cross streams, navigate floods and local terrain with equal ease and are low cost; nano-tech water filters that miraculously transform sludge into crystal clear safe drinking water; terracotta refrigerators that don’t use electricity and cost Rs. 2500; a non-stick pan made of terracotta again at Rs.50 – are all examples of products with tremendous potential that have found no brand exponents with a real will go for this fortune at the BOP.

The micro-finance opportunity has shown the world how empowerment and profits can go together.  Respecting and understanding consumer needs is what successful marketing organizations should do. Sadly, the bottom of the pyramid has remained an ‘us’ and ‘them’ distinction.

We, at DMA Yellow Works – have worked on designing products. While the ubiquitous shampoo sachet is very much a part of what we do, designing a mobile phone for the blind is the sort of work that really gets us going.