Brand Planning Process and Targets.

250
0

I was talking with some entrepreneurs yesterday who have a great product.  It shows well when demoed, people who buy it love it and the product has great sales opportunity through both push (channel) and pull (consumer demand) marketing.

We’re discussing targeting and I am using the bull’s eye metaphor with the whole radiating concentric circle schpeel. The inner ring is the most important target, the second target more populous and very influential, the third circle important, but more expensive to reach, etc. Nod, nod. I’m riffing on each target and getting pumped knowing there are lots of ways to covey and convince, landing big arrows in each target ring. The guys are feeling me.

I know I can fix the product Is-Does because the name is so descriptive. It’s a touch misleading but still kills the competition. The product fills a need in every home though only purchased every few years.  No brand has top-of-mind awareness. And with the economy what it is, the do-it-yourselfer (DIY) crowd is looking for the solution in what Google Insights for Search calls breakout fashion. “We know, we know.”

With a good “Is-Does” and descriptive name all that is needed is a strong brand idea that speaks to each ring of the target. To get to that idea I need to spend enough time with each ring understanding their care-abouts, concerns, how they derive pride and a few other things. All that goes into the “What’s the Idea” stock pot ready for the boil down.  This is brand planning product development.  Will it happen with my entrepreneurs? Will they invest in an idea? Stay tuned.