24 June 2010 24 Comments

Brands:how to use engagement marketing to reduce cost

Author: yinkaolaito

Yinka Olaito is happy,excited and passionate Communications & Media specialist, Trainer and speaker. Yinka Olaito helps Profits and Non-profits with effective communication and positioning for premium service delivery and returns. Yinka Olaito also has special interest in Development Communication and has consulted for noted UN Agencies. Yinka Olaito is the CCO of Michael Sage Consulting(Communication/digital media), African Child Education Right Initiatives(NGO) and Content Director, Africa Development Talk( online Platform for discussion on Policy, Governance, development across Africa) and Africa Foundation for Young Media Professionals

BondingfriendI wake up with possibilities each day. I am passionate about making entrepreneurs and brands succeed in their efforts despite the economy. Money is not available to do everything we want to do. If I am correct there has never been anytime when money goes round to do all that human desire to accomplish. The peculiarity of now is that budget has become tighter than before for most brands. The banking reform in our country is not helping matter presently. Banks are no longer granting loans as before. Many brands now improvise on what they have. For many brands today, most jobs that were   contracted out before are now being handled by internal audience. These have all affected flow of cash to big agencies that used to handle those jobs.

The reason above is telling on small scale as well as medium scale brands. The only option to reach clients now with zero or little cost is through engagement marketing. Engagement marketing offers a great platform to brands because it involves dialogue and sustained relationship building. When this is properly done the buyers help you drive the brand in a way that your brand’s huge budget can never have achieved. Engagement marketing helps brands to stay at the competitive edge of creating dialogue and solid relationship with potentials as well as actual.

According to a whitepaper by Silverpop, engagement marketing offers  new landscape of marketing channels on a one-one relationship( that is powered through the web) and allows, empowers clients to participate in a brand’s marketing messages. To excel in engagement marketing, the followings need to be in place

Brands must worth listening to: the attention span today is about nine seconds instead of sixty. So brands need to first work hard to get the attention of the prospect in today’s hyper active, internet based communications tools and trends. Too many things are clamouring for clients’ attention online. Each brand is competing for that customer’s attention. What will help your brand is the level of your brand’s credibility

Sound Strategy and tactics:  getting their attentions is not enough today. The joy and euphoria may lead to inertia that will make you forget the purpose of getting the attention in the first instance. So efforts must be made to engage them in taking a positive action that will lead to achievement of your brand’s goal. Opportunities to be known for their efforts, contributions to your brand’s success must be included in your strategies too. Otherwise they will feel used for a selfish brand’s ambition.

Place value on long-lasting relationship: never forget that relationship is the bedrock of every business today. Engagement marketing will be based on mutually beneficial relationships between those who help you promote your brands and the brand itself. Your internal audience must be trained to value your stakeholders’ effort so that they do not soil the relationship along the line. Consider customer life time value before you over react to simple misdeed. What do you think? Use the comment section.

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