Branding in The Digital Age Flashcards
What has digital marketing changed?
Touch points have changed in both number and nature, as consumers spend time in different areas
Traditional marketing is based on…
The conversion tunnel, where marketers use push marketing to build awareness, drive consideration, and inspire purchase
Consumer decision journey (CDJ) is based on…
The loyalty loop
Consider
Consumer’s top-of-mind consideration set: products of brands assembled from exposure to ads
Evaluate
Expanding consideration set when consumer seeks input from peers, reviewers, retailers… etc.
Buy
Point of purchase is a more powerful touch point as consumers put off purchase decision until in-store
Enjoy, advocate, bond
After purchase, a deeper connection is forced with the product and with new online touch points
- If content, they’ll spread positive word of mouth
- if disappointment, they’ll sever ties with the brand
- If bond becomes strong enough, the ENJOY- ADVOCATE-BUY loop will skip consideration and evaluate stages
Implications of consumer decision journey in marketing
- Marketers should target the EVALUATE and ENJOY-ADVOCATE-BUY loop instead of CONSIDER and BUY stages
- Marketers must considered owned medias (websites) and earned media (social communities)
CDJ strategy has which parts?
- Understanding your consumers’ decision journey
- Determining which touch points are priority and how to leverage them
- Allocating resources accordingly
Offline channels like TV are only influential in which stage?
Consider stage
A company’s new digital marketing strategy must…
Deliver an integrated experience from consider to buy and beyond
Online advocacy is important in which stage?
Evaluate stage
The 3 roles will become increasingly important
- Orchestrator
- Publisher / “content supply chain” manager
- Marketplace intelligence leader
Orchestrator
Chief marketing officer in charge of customer service and market research, product literature design, product registration, and warranty program
Publisher
Marketers are becoming real-time multimedia publishers due to their content from videos, to blog posts, to social media