9 Mar
If it’s true that, as Jim Mullen said, “[b]rand loyalty is the only sound foundation on which business leaders can build enduring, profitable growth,” then marketers might be having some trouble. Writing for Businessweek, Avi
Dan observes that the technological advances in our new media world are generating consumers who are driven to make a purchase primarily on price. All of the technology has created a “more informed and demanding consumer”. What can a marketer do to preserve brand in this environment?
On this last item, Dan highlights the case of Pepsi which did not advertise in the Super Bowl this year. The company is instead using its Facebook page to solicit consumers to vote for the funding of their favorite social projects. It’s just one more way for marketers to turn the negative tendencies of technology – when it comes to loyalty – into a positive for the brand, the consumer and the social cause.
[Source: Avi, Dan. “It’s Time to Rebuild Brand Loyalty.” Businessweek. 22 Feb 2010. Web. 3.8.2010.]