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. |
|
List of topics in Section
D
Domain Names
we will discuss these topics in 812d.htm
the strategy of holding certain names |
these topics
are discussed in 719c.htm
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.
In addition to
our regular textbook and online links for sections that we go through in
IEC 802, we particularly recommend this book Brand Building by Martin
Lindstrom and Tim Frank Andersen. While we recognize that purchasing additional
books is expensive, this particular book is very good and contains good
chapters on all the key areas of branding and traffic building. The book
was published in March 2000 and Amazon just began listing is August 25th,
2000. Amazon
had it for $24 USD
ISBN 0-749433-13-2 310pages, soft cover |
. | Promotion
in conventional marketing terms means
In IEC 802 we will introduce a concept in the world of online marketing which many might agree to, but few follow. promotion
= communication
To be successful in attracting traffic, using a good domain name and brand building, you need to be more effective at hearing what the customer wants. WTGR |
Marketing
fundamentals
and,, Marketing
|
Marketing,
a discussion in class about the various terms
marketing, promotion, advertising, selling, providing information - for a ppt presentation covering some of these terms, view - What is marketing , Marketing, the formal definition , Why you should know about marketing (selection of ppt screens from MRK 106, Chpt 1) - the different terms
explained promotion, selling,
advertising, publicity, sales promotion
- discuss on-line article by Jared Spool about good points and bad points of trying to create an emotional bond with customers by using pictures of people using their products. This article was suggested by Phil Nicholls. |
Super
|
It is interesting to note the increasing number of traditional companies using Super Bowl ads to profile the internet side of their business, as well as the new dot.com companies. Some of the dot.com companies are investing big money on a gamble to get recognition, others are using their ad to feature a new service, and others are using it to reinforce existing awareness to keep competitors at bay. In fact, the whole arena
of Super Bowl ads has taken on a hype of its own now and is sometimes referred
to as the "Oscars" for marketing campaigns.
Story filed Monday, Jan 31,
2000 in the Yahoo Tech Headlines section
In Jan 2000, the following Internet companies had Superbowl spots:
What did people think of the usefulness of the dot.com ads in Jan 2000?
Michael Cooney explains "The "dot-com" Superbowl ads cost $2.2 Million for each 30 second spot. Most of these "dot-com" companies were near-unknowns. How would you have spent the $2.2 Million? For your first contact, is it better to talk to 60 million of the general population (half of whom were running to the kitchen for more chips and dip) one time for 30 seconds, or address 1,000,000 of your hottest, most likely prospects, for 10 minutes? I’ll pick the latter any time. For $2.2 Million, each
company could have hired a direct response expert to create a direct mail
package, hired a top list company to produce a finely-tuned, customized
list of 1,000,000 of your best, most-likely-to-buy prospects, and mailed
to them your most irresistible, compelling case for doing business with
you. That would win hands down over the Superbowl ad approach, I guarantee
you. One of those Superbowl ads actually ended with the statement: "...did
we just waste $2 Million?" Here’s your answer, guys: YES!"
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||||||
Super
Bowl Sunday 2001 Jan 28th |
www.superbowlxxxv.org
"Last year (Jan 2000) in Atlanta, Georgia, two dozen dot com companies mortgaged their futures for a one-shot chance at establishing brand recognition among 130 million football viewers. Many of the adverts were arty, incomprehensible and panned by critics and consumers alike for failing to make it clear what the companies did. This year [Jan 2001] only 10% of the 30-second spots during the three-hour sports extravaganza have been bought by internet firms, a third of last year's figure" "The big buyers for this
Super Bowl (2001) are financial services firms, especially brokers and
investment bankers, who are locked in an escalating battle for retail and
online customers.
Schoolman writes that "At
$2.5 million for a 30-second spot, this year's Super Bowl ads are
|
Chapter
9
Traffic and Brand Building |
- the value a brand has - from existing products (sold in a "brick" situation) now being sold on WWW - for new products with no "brick" presence Brand Association - the favourable relationship marketing people hope becomes established with a product, eg. Nike-Jordan,
|
|
In the chapter 8 titled
Strategies for Marketing, Sales, and Promotion there is a section beginning onpage 263 (also on the web site) titled Creating and Maintaining Brands on the Web see http://www.course.com/downloads/sites/ecommerce/ch08main.html in the book, cover the sections on
- read article about building brand awareness on Net Merits of Trying E-Com |
Chapter
3
|
In Chapter 3 of David Siegel's
book,
he makes the important point on page 31 that
"... in Internet time, brands are less sticky than you might think. It takes more effort to maintain an online brand than an offline brand" Siegel cautions that in the "customer-led future, company brands will weaken significantly because companies will be pulled apart by their customer divisions, they should plan on restructuring and promoting product or even division brands" well, in several cases, this
is indeed already true among several consumer product companies. Toyota
promotes the Lexus brand as a distinct luxury brand to disassociate itself
from the mass market low price appeal of the average Toyota line-up
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|
.
Chapter 7 |
chapter 7 Why brand-build
on the Internet
the authors discuss
|
Feb
6th Feb
Feb
|
Chapter 8 |
chapter 8 Strategic
building up of brands on the Internet
the authors discuss web segmentation
"to date, the most frequently used quantitative measurement of a website's success has been the number of hits... these figures tell us nothing about the actual quality of the website. At a pinch they tell us something about how good the company has been at creating traffic... the quantitative goals should be based on a number of measurable parameters which can describe the quality of the communication on the website ... goals should be set for |
Class cancelled Feb 7th so IEC students can participate in the Seneca booth at Internet World 2001 |
Feb
13th |
|
Morris describes the different
types of online advertising - of which online ads are just one component
|
Feb
13th |
|
This article, which was carried
in The Star Dec 26th, 2000, discussed interstitial ads.
Susan Stellin writes that even of we don't like this, companies will still do it because it seems to be effective. Stellin quotes a number of people in the article that talk about there various experients running interstitial ads and the main point seems to be that you have to focus these on a particular segement and the content within the interstitial ads has to be pretty kewl otherwise people just find it annoying. |
Feb
13th |
|
Featherly notes that "... Dot-com news, music and entertainments sites have been laying people...a new report by market analysis firm Forrester Research predicts that if such companies can hang on for just two more years, profitability will arrive. And the oldest media revenue source - advertising - once again will step in as the savior." Feathjerly quotes Forrester
media analyst Eric Scheirer
"Says Scheirer, as advertisers continue flocking to the Web to get the word out about their products, they will be forced to compete for many of the same "super-target" online content pages - search-query returns on Yahoo and the shopping-bot results on the MySimon.com site are two examples. But not all advertisers will be able to schedule ad appearances on those pages, nor will they wish to pay the high price those ad slots will fetch, according to the Forrester report. Instead, the study says, the trickling will begin. Just below the "super-target" site grade lies what Scheirer labels "premium" site pages, well-contextualized pages of content designed to work with targeted ads" "There is no doubt, the analyst says, that the current picture is bleak, and that many online publishers could be convinced to throw in the towel now....But patience will bear fruit, the analyst insists." |
Feb
13th |
|
This article is in five parts:
Morris says "Online advertising is in fact an easy thing to measure and quantify. The Internet can provide a level of detail that no other medium can ever hope to. The online advertising business is a more mature one than many people realize, and the tools to measure the effectiveness of banner ad campaigns are there for those who know how to use them." "Banner ads, as far as we're concerned, are sold by the page impression - each time a user views one Web page is counted as one impression. Prices are quoted in "CPM", a holdover from print ad days which means "cost per thousand". For example, if the CPM for a particular campaign is $20, then it would cost $2,000 for 100,000 impressions." Morris explains "Banner ads yield two benefits. First, they may entice users to click on the banner and go to the advertiser's site. Each time this happens is called a "clickthrough", and the number of clickthroughs divided by the number of impressions is called the "clickthrough ratio" or "click rate". This is easy to measure, and provides a direct measurement of a banner's effectiveness. The second benefit of ad banners is building brand recognition. Despite ad agency claims to the contrary, this is almost impossible to measure." |
Feb
13th |
|
Morris begins by stating that "thanks to the huge number of ad networks and affiliate programs out there, practically any Web site, no matter how small, can sell advertising. Thanks to the lubrication of computer networks, the world economy has reached a point at which you can buy or sell almost anything in any quantity, large or small." The reason that it is helpful to look at this particular article by Morris, is because of the useful list he compiles of the downsides to having ads on your site. Morris says "the tiny amount
of cash you would receive from selling ads isn't worth the drawbacks"
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.
Establishing Brand Presence
|
.
Feb
14th Feb
Feb
|
Chapter 10 |
Chapter 10 "Online Communities
- the virtual marketplaces of the future"
"Why communities are so interesting to companies" page 203-205
Eg. you wouldn't sell a Harley Davidson motorcycle on the Harley site, but you do have a selection of clothing and relatively inexpensive accessory items which you can buy. http://roadstore.harley-davidson.com The Harley site, like many up and coming corporate web sites, is endeavouring to track visitors and collect demographic information by inviting frequent visitors to the page to sign up and login for access to special features. By offering rewards to regular visitors to the site, Harley is building loyalty and also increasing the opportunities to upsell and cross sell within the range of accessory items online. |
Examples of companies trying to develop "product evangelism" by creating a community around the brand and other "especially innovative and exciting" situations | Beverage companies do not sell beer, ice tea and cola on the net, why do they have web sites and what do they use them for? |
|
http://www.snapple.com/home.html
Snapple, in trying to compete against the Cola giants, Pepsi and Coke is trying to use their web site and other promotion to turn customers who are at the brand insistence stage into "evangelists". The point being not only will these people be faithful drinkers of the beverage line, but that they will be "fans" and encourage other people to drink the products. How do you facilitate their development of fan status - by giving them kewl screen savers, let them order merchandize with the logo, win prizes, enter contest etc. Snapple can also use the online site to gather specific name and address information of loyal customers which they will use in "direct mail" campaigns in ensure |
|
In April of 2000, Molson's
got much more reaction than it expected when it launched its TV commercial
"I Am Canadian".
The web site www.iam.ca on which the commercial is downloadable became, according to some accounts, the number #1 downloaded feature on the web for Canadian surfers in the spring of 2000. At the I AM website,
The questionnaire which you
fill out to get the free email includes the statement
Such customer profiling techniques were done by the American cigarette companies in the 1980's in order to develop long-term brand insistence - however it was expensive to do that then due to the amount of free merchandize you had to give away - "kewl" web sites allow this customer profiling to be less costly and you can create communities of customers that in turn create a dynamic that can be very exciting The National Post picked
up on this story of Molson and their I AM CANADIAN ad and accompanying
web site and ran a story by Jonathon Gatehouse on the patriotic fervor
created
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|
Not to be outdone, Labatt's
page www.labatts.com
is also pretty kewl and has a link to the (now famous) beer.com site
incidentally, did you know beer.com was done by |