How Law of Marketing could Get You on The Today Show
Introduction
Marketing is rooted in human psychology that many professionals like Doctors, Engineers can be replaced by robots in the future but marketing is apart from that, no machines or robots can able to communicate with humans to sell a product.
In
this article, we are going to discuss the importance of Learning marketing with an in-depth understanding of Global Economics, Direct Response marketing the Significance of creating a CATT funnel
with Integrated Digital marketing and the importance of building a Personal
Brand. This editorial would definitely give you better insights into how to
master marketing in the best possible ways.
Fundamentals of Marketing
It is important to study customers’ mindset that one cannot go and push oneself to buy a product rather than understanding their own needs. We have to first understand people’s mindset about what they are going to buy, then design that product.
If we create a requisite product, then the product itself sells. We
also should establish and keep up good communication with our existing
customers. It’s called Mass Trust.
Peter
Drucker quoted, “The aim of
marketing is to know and understand the customer so well that the product or
service fits him and sell itself… The aim of marketing is to make selling
superfluous.”
GREAT
PRODUCTS CREATE BRAND AMBASSADORS
Never let marketing outperform the
quality of your product. Focus on creating quality product/ service, which
eventually makes your customers become the brand ambassadors of your quality
product because Word of Mouth Marketing
is the best channel of marketing ever. Marketing not only creates quality
products but also builds a good perception of that product.
Importance
of Building a strong brand
Don’t Hold back you're Be
the Only One
Deciding where to compete is half your success. People
remember only the No. 1 or maximum No. 2. Choose a category and build a strong
brand in that category. If you cannot be a leader in a category, be a leader in
another category.
Example: Following
Luxurious cars are known for their explicit performance in their special features.
So, it’s important to
note that we can enter into a competitive market. But we have to choose a
unique angle (category) to outperform our competitors.
Example:
Our Digital mentor DIGITAL DEEPAK
outperforms other Digital marketers by building a personal brand in the name
‘DIGITAL DEEPAK’. His unique angle of building a personal brand among digital
marketing companies makes him a more promising digital marketing specialist than
other Digital marketing companies.
Marketing
in Business
1. A Valuable Investment
People
spend a lot of time, energy, and investment in terms of Manufacturing,
production, Accounting, Administration, HR to set up a company.
Though
marketing is the last investment in performing sales or service, a company gets immediate ROIs.
2. Founder as a Marketer
Marketing can’t be
outsourced completely to a marketing agency. Being a founder, one should
understand people’s needs and design a product.
NICHE
SELECTION
A business niche is a specialized or focused
area of a broader market that businesses can serve to differentiate themselves
from the competition.
Traditional
Marketing
By traditional
marketing, we can reach a more diverse audience.
By TV ads, the reach
will be 800 million to 1 billion people of India, whereas, in the case of Radio ads,
it will be around 65% of the total Indian population. Finally, Newspaper ads will
reach 465 million people.
Disadvantages:
· We
cannot personalize communication with customers.
· We
cannot do deep marketing.
· We
cannot able to track the performance of our ads.
Direct Response Marketing
In earlier days, People are highly engaged through ads by direct response marketing which will make them create a response by making calls that they see in the Newspaper advertisement.
Likewise, in today's digital world, Direct Response marketing plays a vital role in making direct responses by the customers. Some of those responses are
- Subscription to Email Newsletter
- Call-to-action
- Registration for Live Webinars.
- Landing Pages
- Social media Ads
Key Advantages
- Trackable - easy to track and analyze performance.
- Measurable- measure the success of the campaign by calculating how much you spend on reaching every customer.
- Targeted- More the targeted audience, the higher the conversion rates.
Digital Marketing
Being in Digital World, it’s important to do promoting brands to connect with potential customers using the internet and boosts other forms of digital communication.
Traditional Vs. Digital Marketing
The CATT Marketing Funnel
The CATT marketing
funnel plays a vital role in building our business. From the DDIP program, I learned that creating a CATT marketing funnel gives us an exact blueprint of making
natural sales from a promising customer.
1.
[n]
Niche Our success and Wealth depends on the niche we choose
2.
[C]
Content: We should create content via various
niches such as (i) blog posts (ii) videos (iii) Lead Magnets (iv) Live Webinars
etc…
3.
[A]
Attention: Driving Attention to our content using SEO, Social Media, Paid Ads,
Referrals, etc…
4.
[T]
Trust: Building Trust with your audience by Tripwires, marketing automation, and retargeting ads.
5.
[T]
Transaction: Convert your leads into customers with natural sales methods such
as sales video calls, sales webinars, sales calls, etc...
Integrated Digital Marketing
This method combines
all parts of marketing communications to work together to engage customers and
prospects with your company or brand.
This
framework drives the CATT funnel successfully. One should not directly promote
his product or services via paid ads
or other digital mediums. Instead, they should understand people’s needs and
start to attract them with their quality content by Advertisements. Hence,
people get a chance to glimpse through the quality content. Later, they
subscribe to the
newsletter,
subsequently they will be driven to the website content. Finally, websites will
be ranked by Search engines. Paid
advertising boosts the entire momentum.
One finest example is Digital
Deepak Internship Program Leads.
🠋Paid
advertisements for Educational content
Get Visitors into Email List
🠋
Convert leads into customers by email signal workflow
Successful
DDIP interns by natural sales method
PERSONAL
BRANDING
In
a business brand, you are selling a product or service but in the personal brand, you sell yourself. Effective personal branding will differentiate you from the
competition and allow you to build trust with clients and employers. It is
the practice of marketing individuals and their careers as brands.
IS A PERSONAL BRAND ONLY
FOR ENTREPRENEURS?
A personal brand is of paramount importance in today’s world. At first, branding belongs
to entrepreneurs only in terms of business and products but nowadays Students,
teachers, mentors, professionals, employers, etc… can build their own personal
brand. By creating so, one can easily land a job by his/her uniqueness in
creativity and individualism. So by building a personal brand, companies will see
even more value in hiring you. Later, the positive reputation of oneself can
give rise to many brands from his/her influence.
For
example Digital Deepak – Personal Brand
OptinChat – Sub-brand developed by Digital Deepak
THE
EVOLUTION OF PERSONAL BRAND
1. LEARN – Learn
new skills through concepts, facts, and procedures. Keep practicing the
procedures, with the newly learned concepts.
2. WORK – Go
from practice to implementation. Implementing the newly found skills in the
real world will give us a better understanding of the concepts and ideas. E.g., instead of asking whether blogging will work efficiently or not, one should write a blog to look out for the virtual results. This will
give a unique experience of implementing things in the real world.
3. BLOG – Write
about what you have learned and experienced through your work. For example: if
I help a client to get traffic to his/her website, I can write in my blog as a
case study, it helps me for better understanding about my work thereby it
creates unique content for my blog.
4. CONSULT – Now,
you have a personal brand through your blog with work experience and have
learned the fundamentals, you can start consulting others' businesses instead of
working for them.
5. MENTOR – Mentoring
a group of people will help you scale your understanding and give better
insights to a whole new level. This will give you clearly defined goals and
objectives for your future career.
6. START-UP – Start
your own product or service business with a better understanding that you
have developed from the market, the problem you have faced and the skills you
learned so far.
Experts about PERSONAL BRANDING
Here are 5 golden
rules for creating an engaging, unique, and inviting personal brand.
1.
Have a Focus
Adam
Smiley Poswolsky, millennial workplace expert
and author of The Breakthrough Speaker, takes it one step further when he’s advising
speakers: “Carve a niche and then carve
a niche within your niche. The best personal brands are very specific.”
2. Be
genuine
“Be genuine. It will make it much easier to
manage your personal brand daily," explained William Harris,
Facebook ads expert at Elumynt.
3.
Tell a Story
Allen Gannett, chief strategy
officer at Skyword and author of The Creative Curve explains it best:” The
most effective personal branding strategy these days is to build a true
narrative - single character monologues are boring in Tinseltown, and even more
boring for your personal brand.”
4. Be Consistent
“Ensure that your personal brand promise stays consistent,
both online and offline,” explains Fyiona Yong, director and millennial
leadership coach (ICF ACC). So being consistent is very similar to having a
narrow focus. So if you consistently create content for a specific topic, it's much easier to get recognized easily.
5. Be Ready to Fail
Walt Disney spoke of this often when he reminisced
about his failed first attempts at creating an animation brand. “I think it’s important to have a good hard failure when you’re young.
I learned a lot out of that. Because it makes you kind of aware of what can
happen to you. ” And what can happen is never as frightening as not trying at
all.
My
Experience in Marketing
I have my
personal brand in the name ‘Bend the Trend’. I am running an
e-commerce store online for the past two years and I have my remarkable sales
through this store. I also have business pages in my
brand name in social media such as Facebook and Instagram and I run
Facebook ads to engage and reach customers worldwide.
My road to Make 1 crore?
From the strategies I learned from DDIP, I will make my financial goal to achieve 1 crore by Integrated Digital Marketing methods. These would help us to drive traffic to our business website and to engage customers for online sales. It is also evident that companies that use digital marketing strategies have 2.8 times better revenue growth expectancy.
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