Thursday, 28 May 2015

Marketing is not just selling, its building relationships....



In today’s world marketing is not about just a medium to sell, its more about building relationships with the customers. Its about knowing the customers, their views, their ideas and their demands and understanding the role of the business in that field. Today, as the market is moving towards digital, the market span for the business has increased manyfold and has become crucial to engage the customer to generate business and establish in the market. The digital marketing plays a crucial role in promoting the product to the prospective buyer and it is equally important to choose the right combination of all the means of traditional and digital marketing to be on the right path

For More Details:
www.sanicondigital.in

Wednesday, 27 May 2015

Connect with the customer at the right time!!!! Virtual Reality

It’s inevitable that advertising will play an important role in the future of virtual reality experiences (media and entertainment being the most obvious categories). Virtual reality might finally give advertisers a chance to tackle a relevance problem they’ve been fighting for a good 20 years.
Advertising is still the same static, one-dimensional experience that’s plagued consumer behaviors for over a century. The digital era has exposed advertising as a highly reactive industry—chasing consumer trends rather than creating them—that struggles to connect with the customer at the right time.
My hope is that virtual reality (or VR) technology will change that.
Here’s why I believe VR can make advertising relevant again:
Virtual reality will allow advertisers to immerse passive audiences into an active experience
Marketers try really hard to create experiences that will encourage audiences to participate with a product or service. It’s a challenge because brands are limited by technology (watching videos are passive); compete for attention (each brand has a rival company trying to push the same message); and encouraging trial is a difficult action to accomplish through digital screens (unless your product is software).
Virtual reality allows the customer to be planted into a completely isolated environment and detached from the real world. If you’re watching an action movie and the hero jumps into his Audi to make a dramatic getaway; the viewer will get to experience the lovingly made interior, and witness first-hand the vehicle’s ability to gently hug sharp corners.
Let's hope VR hardware becomes more attractive over time, too.
Let’s hope VR hardware becomes more attractive over time, too.
The experience advertisers create through VR can be relevant to what the customer is doing immediately
Advertisers have a terrible habit of interrupting audiences with irrelevant marketing. Pre-rolls barge in on viewers who want to watch YouTube videos. Sponsored Facebook content can clog up news feeds and become a distraction. It’s all a static, one-way transaction (which I mentioned earlier) that’s slowly being tuned out by audiences online.
Now let’s say a customer was participating in a cooking tutorial through VR technology. The simulated environment allows the student to pick up utensils, feel the stickiness of dough that might not be quite right, and adjust the recipe accordingly. The dough is ready to be baked, which is the perfect window for an appliance brand to showcase its new oven technology. The student has a relevant opportunity to try out the product, and continue to experience the tutorial he or she had signed up for.
No interruption. No pre-roll. No anything. OK, now what if the brand owned the entire experience?
In the world of VR, sponsored content could turn into sponsored realities
Samsung just “live streamed” child birth through virtual reality, but imagine if people had the chance to practice being parents with a simulation before giving birth? Imagine if a diaper brand was the major sponsor behind that entire experience? I’m talking about a completely different approach to community center Lamaze classes, all those drab textbooks on how to raise the perfect kid, and a life-like trial of what the future as a parent will entail.
For the diaper brand it’s a chance to guide customers through one of the most challenging experiences they’ll ever encounter.Parents to-be could hold simulated children, discipline them, change their diapers (because it issponsored reality after all), and even face crisis scenarios that better prepare them for the uncertainty that comes with raising a child. It could change the way society prepares people for parenthood, and the diaper brand will be your support system every single time.
It might seem rather premature to discuss what ads can look like in VR, but I guarantee that it will be beneficial to disperse these ideas now so marketers can start thinking about a different way to improve their craft.
Let’s get a head start so the industry doesn’t try to “figure itself out” halfway into the next decade and completely lose a once-in-a-lifetime opportunity to be relevant again.

Tuesday, 26 May 2015

BSNL is Coming Back to Profits by 2018 with New Strategies..

BSNL is Coming Back to Profits by 2018, Yes, whatever you have read is correct. BSNL is targeted to taste the profits again with new strategies. BSNL is going to be one of the most prestigious and profit making company among other PSU’s and other telecom service providers.

After taking over as CMD by Shri Anupam Srivastava, he is clear what he has to do, what are all the strengths and weakness of the company. How to manage the Weakness and turn them in to success stories and how to make best usage of the strengths to gain the and make BSNL a model, rather than BSNL following other profit making models.

BSNL is coming with the business models which are really a head turner for any legacy mind set and retro type Business models. Good nice to see with all these BSNL is going to make profits in the near future…as told by the latest and present CMD Shri Anupam Srivastava.

In general what we think about BSNL legacy mind set is like that, everything BSNL has to do, and no body with in BSNL is likely to change towards the market trends or even to customer requirements. Customer has to come to them and then we as customer may get the service from BSNL.
BSNL Coming Back to Profits with New Ideas
This was then BSNL operated or even enjoyed the monopoly in the sector. After the change of early 90’s financial policies , Monopolies gone and market was open to many operators where technology adoption and customer service had took a game changer role. Still BSNL had clocked no 1 position till 2006.

With the policy paralysis or Govt is not interested to see BSNL as a profit making company, there was no technology up gradation till 2012. The critical era of Voice communication was missed out of BSNL scope and BSNL stood at 4th place among the other players in Mobile communication.

This is merely a lack of timely release of tenders and delay in equipment procurement. It was like that employees they themselves gone on strike to procure or even install the equipment, then only things had happened. But BSNL new CMD is not going in to post-mortem of the past years. Done is done, Now he is having the bright plans for BSNL again to achieve its earlier glory with all their own Landline, Mobile and BSNL Broadband Services.

They Key aspects which Mr Srivastava , BSNL CMD is stressing is about.. Converting of the weakness into strengths. Like BSNL customer service, is very tough and not upto the expectations of present day expectations.

To handle this level of change management with in a PSU company like BSNL is very tough. For this BSNL has outsourced Service Network, in the same line face of the BSNL is becoming close to the customers with Franchise network and also Dealer Network and also BSNL again rejuvenate landline business by introducing BSNL Unlimited Free calling with quality services at happy hours for all BSNL Users (BSNL Landline and Broadband Services including Fiber to the Home Network) across India.

BSNL CMD conveyed the strengths of BSNL is its infrastructure, He want to monetize on that also. Fibre Network, Copper cable Network, Fixed Land Line Network and tower infra is going to be revenue generators, Not like typical PSU mind set, Sharing of the infra to peers and generation of revenue from that sharing is going to be the business model.

Earlier data service provider (OTT) who generally operates with the customer used to get the huge portion of the revenue that the infra guy (TSP’s) who supports with his infra. Now this is going to be changed as per the coming regulatory changes, and will be beneficial for both of them.

Shri Srivastava told that Voice data revolution has reached at saturation point, coming is only the data revolution, without the 4G license BSNL is planning to address data customers requirements in a big way, with establishment of WiFi Hotspots. Establishment of WiFi hotspots is not challenge, it’s already is about to install 2500 HotSpots.

The one important thing is that, transfer of data session from 3G to Wifi. With this majority of data consumers in the open areas may use BSNL wifi hotspots, giving the 3G band a room for GSM customers to access high speed data. On BSNL 3G you may get upto 42Mbps of data speed and at BSNL Wifi Hotspots you may be getting a speed of 300Mbps at affordable tariff.

Our Telecom already offers the lowest priced BSNL 3G Data Plans in market and now after this new stratagies, This is going to be a game changer for BSNL to get profits by 2018, Soon BSNL may be the best wireless data service provider in India. BSNL wants to break the revenue beyond the breakeven point to make BSNL a profit making company within three years from now.

He is working on stats rather than words. This should really going to make a new era in BSNL to get good profits by 2018 with new strategies applied. To make this happen, our new government will allow BSNL to go with this strategy and make BSNL a Jewel among all PSU’s to offer the best quality telecom services(Landline, Mobile, Broadband, Enterprise) for Indians.

Monday, 25 May 2015

Smartphones- an all time available market in the people’s pockets






As the technology takes the market on the stride, it is important to make the presence of the business in the market through every component of digital marketing. The use of smartphones has increased the avenues to the customers to explore and understand business anytime, anywhere and on the same hand it has become important for the business to be available on phones anytime. The phone is the market which people do not leave at any given point of time no matter they are leaving for the work, its the first thing they keep in their pockets. The need of mobile apps has an edge over websites as people are more available to use phone than to use a computer. It has now become the integral part of marketing to be available as the app.

Sunday, 24 May 2015

The most important word in marketing....

horse race 2



Yes, there is a most important word in marketing.
It’s not niche or product or even Facebook. But before I tell you what I think it is, will you let me tell you a little story to explain what it is?
You will? Of course you will. You really have no choice do you?

The most important word in marketing

A few years ago I was helping out a marketing manager who was in charge of selling simple metal parts into the aerospace business. A new competitor on the West Coast had stunned this business by taking nearly all of the lucrative California customer business — about one-third of the total market — in just a year.
“What are you going to do about this?” I asked my friend.
“Well, we’re the market leader and we’re going after it,” he said. “We’re going to cut the price and get all that business back.”
Sounds like a plan, right?
Well, after I conducted some research, here is what I learned:
  • The competitor had newer, more efficient equipment and a lower-cost non-union workforce.
  • The California-based competitor went after the West Coast business where it also had a significant shipping cost advantage over my Midwest-based client. The parts were heavy and expensive to ship.
  • The end customers usually required long-term supply contracts so the business was probably lost for a number of years.
  • My customer dominated in the Midwest market where it had a shipping advantage and long-term contracts of its own.
  • Customers in Europe were also extraordinarily loyal to my customer. We weren’t sure why, but they did not seem to ever switch from our supply.

The maneuver

When I reviewed the situation with my friend, suddenly it seemed foolish to cut the price to try to win the business back. In fact it would have been disastrous. If he went charging back into the California market he could not possibly compete on price. He would just lower the prices overall and the competitor might even send a message by attacking us in our own backyard.
As the market leader, my customer needed to exert discipline and look for another way to maneuver. He could not maneuver on price. He could not maneuver by sending in the cavalry to re-take the California market, at least for now.
We needed to defend the Midwest market, grow the loyal European market (and find out why we had an advantage there) and then look toward long-term equipment modernizations, and perhaps a West Coast location that would allow us to compete long-term (they eventually built a plant in Nevada).

Creating strategic leverage

The number one priority for a marketing professional is to determine where the company can best maneuver. Is it through product development, investment in branding, being the low-cost leader, developing a new distribution channel, or even through social media prominence?
The key to successful marketing is figuring out where you can create strategic leverage against your competition — where you can maneuver. While marketing might seem overwhelming and complicated, it’s not. Chances are, any business is really very limited in terms of where it can exert power. Your strategy is usually pre-determined by factors such as:
  • Your competitive position in the industry (leader? new entry?)
  • The growth rate of the industry
  • Entry barriers
  • Nature of competition (is it fierce? is it cozy?)
  • Technological disruptions
  • Buying trends
… and other factors.
So, the most important word in marketing is “maneuver.” Determining where you have room to maneuver in your marketplace will align all the pieces of your strategy and tactics.
This seems like such a simple concept but it’s overlooked by many. Does “maneuver” seem like the most important word in marketing to you or would you choose another?

Credits:
http://www.businessesgrow.com/2015/05/11/most-important-word-in-marketing/

Saturday, 23 May 2015

5 Strategies the Avengers Can Teach You for Bringing Out Your Team's Best

5 Strategies the Avengers Can Teach You for Bringing Out Your Team's Best
Given the healthy box office for The Avengers: Age of Ultron, there’s no question that superheroes remain a dominant factor in movies, television and pop culture -- with no plans to stop the momentum.
In fact, Warner Bros., which owns the rights to a major portion of the DC Comic universe; Disney, which owns a majority share of Marvel Comics; and Sony and Fox, which each have a foothold in the same business, have all announced superhero movies through 2020. As I said, there are no plans to slow down.
recently spoke about the marketing tactics of these movie franchises, which provide superheroes like Iron Man and Captain America with their own Twitter handles. That makes for a great marketing mix, and each character has thousands of followers.
While these scenarios certainly showcase the power these characters have had over multiple generations, that same power can be harnessed by entrepreneurs who are building and cultivating their own winning teams (in the real world).
What follows are five team strategies that The Avengers, the X-Men and the Fantastic Four -- as well as individual superheroes like The Hulk and Thor -- can offer entrepreneurs wanting to bring out the best in their own teams.

1. Everyone has different talents.


Image credit: Marvel Studios
The Avengers are an eclectic team, whose members come from other planets, some with super powers, some with only super brains. The same thought process could apply to your team, in that no two people are the same, and no two people have the same skill sets.
When you recognize your team members' individual strengths and how they work together as a whole, that’s when your team will really win the day. Yes, it’s true that The Avengers can win individually, as Captain America and Thor have proved; however, it’s when they work together that they can really overcome the worst being thrown at them.
Your sales team members may be closing big sales by themselves, but when push comes to shove and one salesperson needs an extra hand, your other salespeople shouldn't hesitate to step in.
As an entrepreneur, you should find the people who share your vision, complement the skill sets you’re looking for in each individual role and are able to work as part of a unit. Then put them in the right seats on the bus -- or in the case of The Avengers, in the helicarrier.

2. Everyone works in different ways.


Image credit: Marvel Studios
Think of the different players who make up the X-Men superheroes. From Cyclops to Beast to Rogue to Magneto and Professor X: Each works in different ways and responds to things individually. When thinking about your team, recognize the different style with which each team member works.
You will have team members, like Professor X, who handle conflict with a calm demeanor, trying to help everyone work together. You’ll also have team members, like Mystique, who are easily adaptable and can work in any situation.
Then there are those who mirror Cyclops, who is laser-focused on what needs to be done. Because of their laser focus, however, these team members may lose sight of other things going on around them and where their true attention needs to lie.
When each team member works differently from his or her teammates -- whether that means cool, calm and collected or energetic, even explosive, you as the leader (their Professor X) must step up and wrangle everyone, to keep the team moving as a whole in the same direction.

3. Everyone needs different tools for the job.


Image credit: Marvel Studios
Thor has his hammer, Mjölnir. Tony Stark has a wide assortment of Iron Man suits. And there are more examples. But each tool enables its respective superheroes to accomplish specific tasks. As an entrepreneur, and a leader in your business, you have the responsibility to give your team the tools they need to complete their jobs.
For some, that may mean a full Adobe Creative Suite. For others, it’s a tool for Twitter, like OneQube, or for Facebook like Smync. Yes, there are costs associated -- but if any specific tool allows your team to get the job done faster and more smartly and efficiently -- why hold them back by saying no?
That isn’t to say that you should purchase every tool your team suggests. Ensure that team members are utilizing their current tools to their fullest capabilities, and have them make their case as to why they need something new or additional.
Give your team the power to show you the tools they need to complete their missions. You’re not doing their job every single day, so you may not know what’s missing.

4. Be proud (and supportive) of your team’s differences.


Image credit: Marvel Studios
As I said before, no two people on your team are the same. The world would be a boring place if we all were the same! Just as the characters who make up The Avengers are quite different from one another, their differences still count.
There is Thor, who is royalty from a completely different planet. There is Tony Stark, who has no super powers but is highly intelligent and able to craft things that allow him to save the day. Then there is Bruce Banner, a brilliant scientist who, when angry, turns into The Hulk. Each of these characters is completely opposite from any other, just like your team members, whose differences should be respected..
Whether that means a difference based in religion, nationality, culture, orientation or gender, your team members are unique, gifted individuals and should be celebrated as such. I’m not talking about throwing a party.  I’m suggesting that, the next time you have an outing, visit a restaurant that celebrates someone’s culture.
Respect those with different religious beliefs (or nonbeliefs).. And if someone has a holiday coming up, be aware. I’m American, and there are a number of times when I'm wishing my Canadian, Australian and Indian friends happy holidays.
These simple ways of enjoying others' unique differences helps bring out the best in your team members. 

5. Ultimately, you’re the leader.


Image credit: Marvel Studios
You are the Nick Fury, the Professor X, and the Star-Lord of your team. You have responsibility for choosing your team members wisely, leading them through the good and bad, providing them the tools they need to win their battles and bringing out the best in them.
Nurture your team members to greatness by keeping in mind their unique skill sets and teaching them to utilize those tools to the fullest. That's what great entrepreneurs aspire to do, and what superhero leaders do every day.
Credits:
http://www.entrepreneur.com/article/245756