Strategy
Advertising is much like war, minus the venom. Or much, if you prefer,
like a game of chess. We are usually out to capture others' citadels
or garner others' trade.
We must have skill and knowledge. We must have training and experience,
also right equipment. We must have proper ammunition, and enough.
We dare not underestimate opponents. Our intelligence department is
a vital factor, as told in the previous chapter. We need alliances
with dealers, as another chapter tells. We also need strategy of the
ablest sort, to multiply the value of our forces.
Sometimes in new campaigns comes the question of a name. That may
be most important. Often the right name is an advertisement in itself.
It may tell a fairly complete story, like Shredded Wheat, Cream of
Wheat, Puffed Rice, Spearmint Gum, Palmolive Soap, etc.
That may be a great advantage. The name is usually conspicuously
displayed. Many a name has proved to be the greatest factor in an
articles success. Other names prove a distinct disadvantage - Toasted
Corn Flakes, for instance. Too many others may share a demand with
the man who builds it up.
Many coined names without meaning have succeeded. Kodak, Karo etc.,
are examples. They are exclusive. The advertiser who gives them meaning
never needs to share his advantage. But a significant name which helps
to impress a dominant claim is certainly a good advantage. Names that
tell stores have been worth millions of dollars. So a great deal of
research often precedes the selection of a name.
Sometimes a price must be decided. A high price creates resistance.
It tends to limit ones field. The cost of getting an added profit
may be more than the profit.
It is a well-known fact that the greatest profits are made on great
volume at small profit. Campbell's Soups, Palmolive Soap, Karo Syrup
and Ford cars are conspicuous examples. A price which appeals only
to - say 10 percent - multiplies the cost of selling.
But on other lines high price is unimportant. High profit is essential.
The line may have a small sale per customer. One hardly cares what
he pays for a corn remedy because he uses little. The maker must have
a large margin because of small consumption.
On other lines a higher price may even be an inducement. Such lines
are judged largely by price. A product which costs more than the ordinary
is considered above the ordinary. So the price question is always
a very big factor in strategy.
Competition must be considered. What are the forces against you?
What have they in price or quality or claims to weigh against your
appeal? What have you to win trade against them? What have you to
hold trade against them when you get it?
How strongly are your rivals entrenched? There are some fields which
are almost impregnable. They are usually lines which create a new
habit or custom and which typify that custom with consumers. They
so dominate a field that one can hardly hope to invade it. They have
volume, the profit to make a tremendous fight.
Such fields are being constantly invaded. But it is done through
some convincing advantage, or through very superior salesmanship-in-print.
Other lines are only less difficult. A new shaving soap, as an example.
About every possible customer is using a rival soap. Most of them
are satisfied with it. Many are wedded to it. The appeal must be strong
enough to win those people from long-established favor.
Such things are not accomplished by haphazard efforts. Not by considering
people in the mass and making blind stabs for their favors. We must
consider individuals, typical people who are using rival brands. A
man on a Pullman, for instance, using his favorite soap. What could
you say to him in person to get him to change to yours? We cannot
go after thousands of men until we learn how to win one.
The maker may say that he has no distinctions. He is making a good
product, but much like others. He deserves a good share of the trade,
but he has nothing exclusive to offer. However, there is nearly always
something impressive which others have not told. We must discover
it. We must have a seeming advantage. People don't quit habits without
reason.
There is the problem of substitution and how to head it off. That
often steals much of ones trade. This must be considered in ones original
plan. One must have foresight to see all eventualities, and the wisdom
to establish his defenses in advance.
Many pioneers in the line establish large demands. Then through some
fault in their foundations, lose a large share of the harvest. Theirs
is a mere brand, for instance, where it might have stood for an exclusive
product.
Vaseline is an example. That product established a new demand, then
almost monopolized that demand through wisdom at the start. To have
called it some different brand of petroleum jelly might have made
a difference of millions in results.
Jell-O, Postum, Victrola, Kodak, etc., established coined names which
came to typify a product. Some such names have been admitted to the
dictionary. They have become common names, though coined and exclusive.
Royal Baking Powder and Toasted Corn Flakes, on the other hand, when
they pioneered their fields, left the way open to perpetual substitution.
So did Horlicks Malted Milk.
The attitude of dealers must be considered. There is a growing inclination
to limit lines, to avoid duplicate lines, to lesson inventories. If
this applies to your line, how will dealers receive it? If there is
opposition, how can we circumvent it?
The problems of distribution are important and enormous. To advertise
something that few dealers supply is a waste of ammunition. Those
problems will be considered in another chapter.
These are samples of the problems which advertising men must solve.
These are some of the reasons why vast experience is necessary. One
oversight may cost the client millions in the end. One wrong piece
of strategy may prohibit success. Things done in one way may be twice
as easy, half as costly, as when done another way.
Advertising without this preparation is like a waterfall going to
waste. The power might be there, but it is not made effective. We
must center the force and direct it in a practical direction.
Advertising often looks very simple. Thousands of men claim ability
to do it. And there is still a wide impression that many men can.
As a result, much advertising goes by favor. But the men who know
realize that the problems are as many and as important as the problems
in building a skyscraper. And many of them lie in the foundations.
Increase Your PPC Profits With Ad Tracking Software
A
small improvement in your online marketing performance has a BIG impact
on the success and profitability of your marketing campaigns.
But
you can't manage what you don't measure...
With
ROI Tracker ad tracking software you can track
click-to-sale conversion rates and return on investment for
all your pay-per-click search engine campaigns...in real-time!
ROI Tracker Ad Tracking Software |