Posts Tagged ‘Marketing’

Advertisement in a Popular Industry

Monday, March 8th, 2010

No matter what online communication channels you are using to promote your business, it’s critical that the message you’re communicating to your target market is consistent across all mediums. How you position your brand, how you appeal to your target audience, and your overall communication strategy should be consistent throughout your marketing mix. You have to consider the different touch points that are available where your brand could reach your target market. For example, assume that you run an advertisement in a popular industry trade journal that is viewed by your target market regularly. Now, this ad may or may not drive users to your Web site, but what happens if these same members of your target market are reading an article on a popular industry-specific content site and view a banner ad for your business? If your communication strategy is consistent, the users eventually will link your online/offline ads together, which ultimately will bring the user to your site something we know counts only if your site is prepared for the traffic.

It’s important to stress that being consistent doesn’t mean that you simply create your offline advertising in an online environment. As we all know by now, the Internet is very different from communicating to your offline audience. With technological limitations and researched user characteristics,
it’s important that you adapt your communication strategy to the medium.Sure, it would be great to amuse your visitors with a large visual depicting humorous billboard advertisements that your offline market views repeatedly, but how does this same advertisement translate to an electronic medium? If a user is on your Web site, he or she most likely is there because of an interest in your product or service. So, while you communicate with users using a consistent communication strategy, it’s critical that you acknowledge that it is at this point that you can connect the user with your business. Whether it’s the sale of products online or simply a lead-generation tactic, the Web site will help you to bring your business closer to your clients. Think of it in the same way you would your offline advertising. The billboard advertisement brings the client to your store, and it’s at this point that your sales force helps to close the deal. In the online world, your ads do the same thing, but now it’s your Web site’s job to close the deal for your business.

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The Opponents of Economic Freedom

Sunday, February 21st, 2010

The world now confronts a global economic downturn and it is critically important that we learn the right lessons from the experience. At this point, two things are clear. First, government regulation and improper monetary policy were major contributing factors to the crisis.Imprudent lending practices, highly leveraged financial institutions, imprudent relations between bond dealers and risk-rating agencies, and high-pressure marketing all played a role.

Moreover, global financial markets quickly spread the risky mortgage-backed securities throughout the world. But the foundation of the crisis was provided by government regulations and the policies of the central
banks that mandated the risky loans and supplied the massive credit that created the boom and bust in the housing industry. Furthermore, the key players in the United States, including the two huge government-sponsored lenders, Fannie Mae and Freddie Mac, were doing what their regulators wanted them to do: extending more and larger loans with lower down payments to households  with low and moderate incomes.

Second, the opponents of economic freedom are blaming the crisis on the operation of markets and hoping to use it as an excuse for a vast expansion in government.Their success is dependent on what we learn from the experience.

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The Marketplace and Empowerment of the Brunei Consumers

Monday, February 1st, 2010

Prior to the internal turmoil of 1999, not many promotional or advertising activities were seen in Brunei. The better-established companies, such as Brunei Shell Marketing, banks and financial institutions, insurance companies, and motor vehicle dealers carry out some form of advertising in the local newspapers, mostly focusing on informing the readers about their products or services.

Local retailers or businesses do not place much emphasis on promoting their products or services which could include server hosting services.. This is due to several factors, such as consumers’ impulsive buying behavior due to their insensitivity to prices; the small market size for which retailers consider marketing activities unnecessary; Brunei’s close social ties with Malaysia that make it easy to receive Malaysian television and radio broadcasts, newspapers, and magazines, and similarities in the two cultures that resulted in the thought that “whatever marketing activities are done in Malaysia will trickle over to the Brunei market”; and the fact that promotion and advertising are not priorities for businesses in Brunei, as these firms operate as importers or wholesalers in the country. More recently, there have been increasingly more sales promotion activities, still at a minimal level, by the local businesses following intense competition in the marketplace and empowerment of the Brunei consumers.

This form of marketing is increasingly popular in the Bruneian marketplace, reaching out to the two major age groups: the young adults and the thirty-five- to fifty-five-year-olds. These two groups have higher spending power in the population and are often approached by direct-sell personnel. Most firms engaged in direct marketing activities are those selling health supplements and related products, cosmetics and beauty products, and household appliances and equipment. The reason behind this increasingly important channel to reach the consumers is that almost all of the sellers are direct consumers of a particular brand or product, and the overhead costs involved in direct marketing activities are very low.

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