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by
SCSC Member Judy Anderson, Vice President, Benjamin Group
It's not rocket
science to prove that a strong brand is one of a company's most
valuable assets. It's also easy to understand how advertising and
paid-for forms of marketing can build brands. However, it's often
unclear how public relations can advance a brand. This is especially
true for software companies where brand is not the sole basis of
creating sales as it is with tennis shoes or soft drinks.
Unlike advertising,
PR relies on others, most often the media, to tell your story in
their words. Because the media set their own agenda for covering
a category or company, it's critical that brand-supporting PR strategies
take into account where your company or product is in its lifecycle.
So how do you
determine where your company or product fits in the brand lifecycle
and what PR approach should be adopted to support your branding
initiative? Below are four broad brand lifecycle categories typical
of software companies and products, with optimal communications
strategies for each:
· New Market: The most critical communications strategy
is selling your company's vision and initiating dialogue among key
market influencers to establish early market rules for success.
In this phase, building visibility for the trends that your company
hopes to shape is key. Communications strategies to adopt in this
early stage include initiating dialogue with industry analysts,
developing and telling the new technology story through technology
papers and articles, and showing restraint in delivering news.
· Emerging Market: Emerging markets are characterized
by an ever-changing landscape and a large number of companies vying
for leadership. Businesses in this phase must continue to influence
market dialogue to be seen as thought leaders. Brand-building PR
programs should focus on communicating key milestones that demonstrate
your company's success in its defined niche so you are perceived
as one of the key players in the maturing market. Continue to follow
through on early communications strategies directed toward influencing
the developing market, demonstrate product successes, focus on trend
analysis, and identify and communicate with early market endorsers.
· Established Market: Companies in established markets
fortify their position through aggressive product differentiation
and product promotion. At this stage, the communications program
should begin to shift from a "push" strategy that directly
targets your message to a distinct audience, to a "pull"
strategy that attracts a broader consumer audience to your brand.
Specific activities should center around gaining mindshare, leading
market dialogue by announcing market leading activities and becoming
a vocal thought leader through expanded media relations activities
and appearances.
·
Mature Market: Successful businesses in mature markets compete
on brand image and focus on more traditional consumer brand promotion
techniques. Communications programs should center on large-scale
promotional activities that reinforce perceptions of market leadership
and extend visibility for your company and its products. In this
phase, aggressive brand selling, and dominating the market scene
with increased media outreach, large-scale PR activities, intense
product promotion activity and an expanded focus on the consumer
are essential to brand establishment.
For additional
information, please contact Lisa Zwick, senior vice president and
general manager at Benjamin Group via phone at 949-260-1300 or email
at lisa_zwick@benjamingroup.com.
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