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BRANDING IN THE DIGITAL AGE
   -YOU’RE SPENDING YOUR MONEY
     IN ALL THE WRONG PLACES

             -BY DAVID C . EDELMAN



              PRESENTED BY-
                              GIRISH RAJU (B506)
                              SOURABH DE (B525)
ABOUT THE AUTHOR




DAVID C. EDELMAN-
He is the Global co-leader, Digital Marketing and
Sales Practice, at McKinsey & Company.
ABOUT THE ARTICLE


 The impact of branding in the digital age.
 How internet has been used as a tool to build relationship
  with brands.
 How INTERNET influences (positively or negatively) a
  brand.
 How traditional marketing strategies have continued to
  exhaust.
 Consumer Decision Journey.
INTRODUCTION

 TRADITIONAL AGE:
            Relation ends with sale.
 INTERNET AGE:
            Relation sustains, remains engage
 TOUCH POINTS:
            Spending more time
TRADITIONAL FUNNEL METAPHOR
BLOCK THAT METAPHOR:



      David court 2009 carried on a study on how customer
engage with brands- “The customer decision journey”
      (CDJ)
      Famous funnel metaphor to think about touch points-
have used paid- media, push marketing.
THE RESEARCH REVEALED



 Today’s consumers take a much more iterative and less
 reductive journey of four stages:


  Consider
  Evaluate
  Buy
  Enjoy, Advocate and Bond
MODERN CONSUMER DECISION JOURNEY
JOURNEY IN PRACTICE
There are two implication of this:
Instead of focusing on how to allocate spending across media, marketers
should target stages in the decision journey.
         ADVERTISEMENT
         ADVOCACY
The second implication is that marketers’ budgets are constructed to meet the
needs of a strategy that is outdated.
         ONE WAY COMMUNICATION
         HUGE COST INVOLVED
Instead of paid media marketers should concentrate on-
         Owned media
         Earned media
EXAMPLE-
LAUNCHING A PILOT
 To shift to a CDJ-driven strategy has three parts:
 understanding your consumers’ decision journey
 Determining which touch points are priorities how to
  leverage them
 Allocating resources accordingly
To see how consumers navigate the decision journey the following were
considered:


 WHAT THEY DO
    To answer this, multiple questions were
    framed like:
    How would they describe the stages of their
     journey, online and off?
    Which resources were most valuable to them,
     and which were disappointing?
    How did brands enter and leave their decision
     sets, and what drove their purchases in the end?
WHAT THEY SEE
   This consisted of questions like:
   How was its appearance in the search
    engines?
   How visible were they on retail sites?
    What do consumers review about the brand?


   WHAT THEY SAY
   The final focus was what people say online about the brand
TAKING ACTION

 - Shift from paid media
 - Marketing inserted links from its own site
   to retail sites
 - Developed programs that included online
   community initiatives, contests, and e-mail
   promotions
 A CUSTOMER EXPERIENCE PLAN
  -The details of a customer experience plan
   will vary according to the company’s
   products, target segments, campaign
   strategy, and media mix


 NEW ROLES FOR MARKETING
  -Orchestrator
  - Publisher and “content supply chain” manager.
  - Marketplace intelligence leader.


 STARTING THE JOURNEY
HOW THE INTERNET IS USED

 A large number of the internet population use the internet for just
  searching randomly.


 The next large internet population is more involved in research


 Online videos and music


 Last but not the least- Social Networking.
 Google conducted a research on the online and offline purchases:-


 Research online and purchase offline (66%)


 Research offline and purchase offline (13%)


 Research online and purchase online (20%)


 Research offline and purchase online (0%)
50 MILLION MARK
 It took radio 38 years


 It tool Television 13 years


 It took Internet 7 years


 It took Mobile just 3 years
Branding in the digital age

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Branding in the digital age

  • 1. BRANDING IN THE DIGITAL AGE -YOU’RE SPENDING YOUR MONEY IN ALL THE WRONG PLACES -BY DAVID C . EDELMAN PRESENTED BY- GIRISH RAJU (B506) SOURABH DE (B525)
  • 2. ABOUT THE AUTHOR DAVID C. EDELMAN- He is the Global co-leader, Digital Marketing and Sales Practice, at McKinsey & Company.
  • 3. ABOUT THE ARTICLE  The impact of branding in the digital age.  How internet has been used as a tool to build relationship with brands.  How INTERNET influences (positively or negatively) a brand.  How traditional marketing strategies have continued to exhaust.  Consumer Decision Journey.
  • 4. INTRODUCTION  TRADITIONAL AGE: Relation ends with sale.  INTERNET AGE: Relation sustains, remains engage  TOUCH POINTS: Spending more time
  • 6. BLOCK THAT METAPHOR: David court 2009 carried on a study on how customer engage with brands- “The customer decision journey” (CDJ) Famous funnel metaphor to think about touch points- have used paid- media, push marketing.
  • 7. THE RESEARCH REVEALED Today’s consumers take a much more iterative and less reductive journey of four stages:  Consider  Evaluate  Buy  Enjoy, Advocate and Bond
  • 9. JOURNEY IN PRACTICE There are two implication of this: Instead of focusing on how to allocate spending across media, marketers should target stages in the decision journey. ADVERTISEMENT ADVOCACY The second implication is that marketers’ budgets are constructed to meet the needs of a strategy that is outdated. ONE WAY COMMUNICATION HUGE COST INVOLVED Instead of paid media marketers should concentrate on- Owned media Earned media
  • 11. LAUNCHING A PILOT  To shift to a CDJ-driven strategy has three parts:  understanding your consumers’ decision journey  Determining which touch points are priorities how to leverage them  Allocating resources accordingly
  • 12. To see how consumers navigate the decision journey the following were considered:  WHAT THEY DO  To answer this, multiple questions were framed like:  How would they describe the stages of their journey, online and off?  Which resources were most valuable to them, and which were disappointing?  How did brands enter and leave their decision sets, and what drove their purchases in the end?
  • 13. WHAT THEY SEE  This consisted of questions like:  How was its appearance in the search engines?  How visible were they on retail sites?  What do consumers review about the brand?  WHAT THEY SAY  The final focus was what people say online about the brand
  • 14. TAKING ACTION - Shift from paid media - Marketing inserted links from its own site to retail sites - Developed programs that included online community initiatives, contests, and e-mail promotions
  • 15.  A CUSTOMER EXPERIENCE PLAN -The details of a customer experience plan will vary according to the company’s products, target segments, campaign strategy, and media mix  NEW ROLES FOR MARKETING -Orchestrator - Publisher and “content supply chain” manager. - Marketplace intelligence leader.  STARTING THE JOURNEY
  • 16. HOW THE INTERNET IS USED  A large number of the internet population use the internet for just searching randomly.  The next large internet population is more involved in research  Online videos and music  Last but not the least- Social Networking.
  • 17.  Google conducted a research on the online and offline purchases:-  Research online and purchase offline (66%)  Research offline and purchase offline (13%)  Research online and purchase online (20%)  Research offline and purchase online (0%)
  • 18. 50 MILLION MARK  It took radio 38 years  It tool Television 13 years  It took Internet 7 years  It took Mobile just 3 years