Are You Still Using The Marketing 5Ps? Move To The Improved 7Qs.

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Marketing is a great profession and the marketing 5Ps is the code by which we live. I’ve worked in or with marketing teams for almost my whole career and I am passionate about brand building.

From the outside, others see marketers as those who come to work late and seem to party all night. They always seem to be watching TV or jetting off to exotic places to talk about advertising!

For people working in operations or finance, marketers just don’t seem to be doing a very serious job; they’re always having too much fun! I’m sure you’ve already heard such comments.

Well, as you yourself know, marketing IS fun, but it’s also a lot of hard work, often close to 24/7 on some occasions.

So does all that hard work pay off? Not often enough in my opinion. And why? Because marketers simply don’t always ask the right questions!

 

The 5 Questions Marketers Should Ask

If you work in marketing, you already know the 5Ps – people, place, product, price and promotion. However, the problem with those is that when you find an issue with one of them, you know the “what” but not the “how”.

So I suggest you work with my 7Qs instead. Each of my seven questions explain not only what to check, but also the how and why you need to examine the area.

And if you can’t immediately answer more than just a couple of them, then perhaps you need to do a little more work and a little less partying!

 

Q1. Who are your customers?

People is the first of the marketing 5PsThe first “P” stands for people and often this is taken to be “Do you know to whom you are selling?” The answer is always yes and that’s accepted as sufficient.

Instead, ask yourself who your customers really are. I don’t mean just their demographics, but what, where and how they use or consume your brand and the category in which you are competing. And especially the why of their attitudes and behaviours. If you can’t give all these details about your customers, then you’re in serious trouble.

For more on this topic, see  “12 things you need to know about your target customers” for details on better defining your customer persona. You will also find a link in the article to download a useful template you can use to store all your information as you gather it. 

 

Q2. How are your customers changing?

Hopefully, you answered Q1 without any hesitation – you did, didn’t you? Did you also download our template and complete it? Many of my clients find it a useful way to store and rapidly access the information whenever they need it.

It’s great that you know a lot about your customers, but people change. Are you following how your customers are changing? Continue Reading

You’re missing out on A Free Communication Channel! (Any guesses what it is?)

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“Never miss an episode. Subscribe on Apple Podcasts to get new episodes as they become available.”

Are you as shocked as I am, to think that there is a free communication channel which most marketers are not using effectively today?

So what is this incredible channel? The Internet? No. Social Media? No.

OK, so everyone is excited about the web and have jumped on board the digital train. But some are already seeing that online advertising is not the “safest” way to communicate.

Take P&G for example. A recent AdAge article stated that:

Procter & Gamble‘s concerns about where its ads were showing up online contributed to a $140 million cutback in the company’s digital ad spending last quarter… 

P&G didn’t call out YouTube, the subject of many marketers’ ire earlier this year, … but did say digital ad spending fell because of choices to “temporarily restrict spending in digital forums where our ads were not being placed according to our standards and specifications.”

Will others follow? I don’t know. But I would like them all to reconsider their total advertising spend in light of this underutilised but highly effective channel that I’m about to share with you. Have you guessed what it is yet? It’s packaging!

Think about it. Packaging communicates in-store, on the shelf as shoppers pass by.

It communicates to users when they take it home and open it. Although for how long? See below for some developments in that area.

And it may also communicate when it’s used, whether it is snacks, drinks, breakfast cereals, cookies, pharmaceuticals or a whole load of other products which are consumed straight from the pack.

So if a pack has the possibility to communicate, why are so few marketers using it?

I believe it’s because they don’t see packaging as a communication channel, which is a serious mistake. After all, it’s free!

There are two very popular posts on C3Centricity on the topic, which you might like to read before continuing. The first is “How Communicating through Packaging is more Informative & Personal” which shares some great examples of how creative pack usage has become the basis of full media campaigns. Click the link above to read more.

The other is “Is your Packaging Product or Promotion?” which talks about why people don’t read instructions – until they need them – but they do read what’s written on packs. Click above to read more.

Both of these posts provide some great examples of companies which have used their packaging to communicate with their consumers. However they are a couple of years old now, so I wanted to update my thoughts on the packaging channel opportunities, as well as the examples I share.

After all, customers have become more demanding in recent years and want to know far more about the products they purchase.

And if you can’t wait to start a review of your own packaging, why not book a complimentary advisory session with me? Continue Reading

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