11.02.2019

Marketing, an expense or an investment!

Marketing, an expense or an investment!

Marketing is the core of any successful business. If you have the right
marketing machine, you create a continuous dialogue with your prospects and
leads.
There could be various objectives for the different marketing campaigns:
 Creating awareness
 Maintaining top of mind awareness
 Encouraging brand trial
 Helping customers to buy more products
 Increasing the purchase cycle
 Rewarding loyal customers
 Improving brand perception
 Other
The objectives that we aim to achieve dictate the channels we need to use for
that specific task. Moreover, the success of campaign depends not only on the
right channels that we use but also on the message that we relay to our
potential customers.
"The medium is the message" is a phrase that Marshall McLuhan coined in his
book "Understanding Media: The Extensions of Man".
Imagine you are holding dinner at the best restaurant in town; a Michelin Star
Chef prepares the food. The message might be the same, but the use of
different channels would maximise the turnout to that dinner. The opposite
applies as we cannot use the same message on the various channels that we
are using for our campaign.
In 1994, I had the pleasure of working with one of the leading communication
planning frameworks in the world, MCA or Market Contact Audit, introduced
by Integration and its founder Oscar Jamhouri. Over the years, many
companies have tried to copy that concept, but have not reached to the
essence of MCA, not its black box, is used by leading companies around the
world. The actual result of this product is that it assigns a power index to every
channel a brand want to apply for the different marketing task.

Finally, the key to a successful marketing campaign measures the return on
investment for every communication channel used, rather the collective ROI.
Testing and measuring are key to get the best value for each pound spent, as
this will provide us with longevity for our budget, big or small.
  • Coaching
  • market analysis
  • Coaching & Mentoring
  • Markerting

As a Business growth specialist, Khalil's mission is to make business owners:

  • Grow their business

Comments

Training and Development

Don’t relax into career complacency.

There is a certain comfort in relaxing in the same old armchair, but it doesn’t get you very far. It’s comfortable…
Training and Development

Thursday Thrive

In today''s 'Thursday Thrive' I want to talk about how flawesome YOU are. Yes - FLAWSOME - slghtly cliched but…

More Articles

Training and Development

How is your interview performance?

Some people communicate with feeling yet succinctly, concisely: they get their message across in a few well-chosen…
Accountancy

How much could my R&D Tax Relief claim be?

This is a question we get asked a lot by most potential clients. Quite often they have already looked through their…
Training and Development

Age is just a number.

“My age let’s me down; I’m too old.” No you’re not. Colonel Sanders was in his 70s when he launched Kentucky Fried…

Would you like to promote an article ?

Post articles and opinions on London Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in London

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details