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Above: Injecting a brand name with a specific
quality or promise, if done
memorably, and believably, will develop a 'personality' for that brand.
In this
case, I helped re-launch Schering-Plough's 12-year old inhaled asthma
drug as
the gold standard in safety that "delivers steroid security." Clinical
data
supported our claim, and physicians accepted the new Vanceril brand to
the
tune of a 50% increase in prescriptions. After the re-branding, annual
sales
jumped from $40 million to $60 million. |
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 In
reality, your brand name is the perception of your company's personality
- and literally, your reputation.
If prospects have a good perception of your brand, they trust your
brand, and are more likely to be receptive to your sales message.
However, if prospects have a negative perception of your brand,
good luck trying to convince them to buy!
Good perception, good reception. For this reason, making a strong,
positive, first impression can be critical for any B-to-B brand. And,
our
first impressions of a business brand, as with our first impressions of
a new acquaintance, will usually stick with us a
long time.
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Think of any powerful brand name and you
immediately link that brand
to a personality trait that is intrinsic to your
perception of that company.
For many of us, IBM means Big Blue. Microsoft means software docs.
GE brings good things to life. Dell Computer
means affordable PCs. HP means quality printers.
Do you know what your prospects think of your brand name? Are you
aware what their perceptions are of your company,
product or service? Have you ever asked your customers how they rate
your brand?
Even a simple brand study survey can provide valuable insights about
any brand. Knowing both the strengths and weaknesses of your brand can
help you better position your company or product
against your competitors.
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Situation:
Earlier in my career, I helped a medical marketing agency re-brand and
promote the Vanceril prescription drug to physicians. At the time, the
product was a 12-year old cash cow. Schering-Plough had not
supported Vanceril with any sales, marketing or advertising for
years.
Still, Vanceril was the #1 prescribed inhaled-corticosteroid product
for
asthma sufferers. At the time, annual sales totaled US$40 million when
the company asked their ad agency for help.
Schering-Plough asked the agency to develop a
physician promotion program to protect the
Vanceril pharmaceutical brand from a new asthma inhaler drug
that had been launched, was heavily advertised,
and was being detailed to doctors by an
aggressive sales rep force.
Vanceril was loosing 1% of market share every
month to the new kid on the block!
The new product wasn't better than Vanceril.
The new product's marketing was
superior! And that was costing Schering-Plough plenty.
Action:
The "Steroid Security" campaign I helped create for Vanceril was a
complete re-branding and re-launch of the
product.
Building on the product's unsurpassed 12-year safety and efficancy
record, I helped the agency develop a campaign to remind physicians about
the product's strengths that had made it the #1 brand.
In order to compete with the newly launched competitor, I re-designed
the Vanceril brand logo as a gold-plated name plate protecting
gold-plated
lungs with "steroid security".
The new simple, easy-to-understand
message was wrapped in a powerfully
memorable and eye-catching graphic
image, and expressed by a tag line that made physicians recall all the good
things Vanceril had done for their patients.
Left: The new Vanceril branding message
was delivered to physicians by multiple
waves of dimensional direct mail, and in
numerous medical journal ads.
Results:
The Vanceril marketing campaign was credited with saving the
brand by re-invigorating the brand name and re-capturing sales.
After the "Steroid Security" re-branding campaign had reminded
physicians
why they liked Vanceril, product sales strengthened. The new campaign
had convinced physicians to stick with the older "tried-and-true" product.
Directly after this re-branding campaign, prescriptions for Vanceril had
not
only stopped eroding, but the market loss trend was completely reversed!
A few years later, Schering-Plough's annual sales of Vanceril had grown
to
US$60 million -- an increase of 50% over the "pre-branding" sales level!
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These are the strategic ingredients we use for building a strong,
healthy, vibrant and growing brand:
Companies that successfully combine all these elements can begin
building a solid brand as these qualities attract
prospects to become customers.
As customers experience positive outcomes using your product or
service they can provide the most valuable
brand-building marketing available -
positive word-of-mouth!
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There's nothing better than having industry professionals say great
things about your product or service! Nothing
beats an endorsement, and that's what your
company gets when someone decides to share their positive impressions
about your brand with their friends and
colleagues!
Companies that reap positive word-of-mouth about their brand have hit
pay dirt!
Nothing is more powerful in marketing than a credible testimonial. It's
been proven over decades that companies that use
customer testimonials and case studies to verify
how well their product or service performs are tapping the most potent
quality found in powerhouse brands - TRUST!
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Every technical marketer wants their brand to be trusted and accepted in
the marketplace. Trust is the key to marketing success.
With trust comes acceptance as an expert provider of business
solutions.
When a business-to-business brand becomes preferred as a
legitimate technical solution, life gets so much sweeter!
It may take years for a brand to slowly build up a reputation as an
effective technical solution, or industry expert.
But once attained, brand preference makes everything easier!
Leading brands find it easier to get distribution, more dealers want
their lines, they can demand and receive premium
pricing, they receive greater media
coverage, they can more easily recruit new talent, and their
executives are more frequently quoted as industry
"experts."
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Most brands will never be the industry leader.
But regardless of the revenue it generates, no
brand will thrive and grow unless it is marketed
with insight and nurtured carefully so that it matures and comes to
represent to customers and prospects a quality
business purchase or
partnership that helps them solve their problems.
Fortunately, you don't have to be the leading brand
in order to have an growing and profitable brand!
This is true in every industry, and every market.
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For example, the National Electrical Manufacturers Association (NEMA)
lists over 50 companies that produce various 'wiring devices.'
When I directed the brand launch for Cooper Wiring Devices, I tracked
these competitors very closely. However, only
nine of these 50 companies market product lines
in more than ten NEMA wiring devices subcategories.
And of these, only five companies really dominate wiring devices sales
with broad offerings of 25 to 30 different product line categories. That
means the vast majority of these electrical marketers are focused on
very specific niches.
Over 80% of the 'wiring devices' companies are smaller,
yet successful, niche marketers.
This is good news if you manage sales or marketing for a smaller
technical company; it's proof that a niche can
make you very successful!
Fact is, the vast majority of technical marketers are smaller companies
with a niche focus.
Many of these smaller players (perhaps your company included) have
superior technologies, outstanding products, and
high-quality services.
Most smaller technical companies are founded by,
owned by, or managed by very talented
technical professionals. A majority of all
technical companies with a B-to-B focus are engineering-driven,
science-driven, or R&D-driven. Their reason for
being is the patent, the design, the circuit, the
software, or the innovation that someone created
in the hopes of accomplishing some type of improvement.
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"If you build it, they will come . . ."
Great line for a baseball movie, but a lousy marketing strategy!
Plenty of talented inventors have built the proverbial better
mouse trap.
Most found few takers despite the benefits and improvements of their
ideas.
Why do so many creative and inventive ideas fizzle financially?
Ineffective or inconsistent marketing, and poor branding, are key
reasons for the disappointing sales results at many smaller
technical companies.
Often, a company's brilliant technology management team will hire
very sharp technology managers who hire
very smart technology specialists, and
together they develop a marvelous new product.
Great!
Then, when the R&D tech team feel their baby is ready to spring on the
world, a senior technology sales executive
is often made responsible to create a product launch.
Even substantial companies spend millions of dollars in product
development without developing a marketing
plan, or a branding strategy because of their
heavy emphasis on technology skill sets.
In our experience, we've found this approach to be flawed.
I have helped successfully launch and build technical brands for
global pharmaceutical giants like Glaxo, Schering-Plough, and
Lederle Laboratories, and global industrial
manufacturers including Cooper Wiring Devices, a
division of a Fortune 400 manufacturer, and Sulzer Metco, a global
division of a major Swiss technical marketing group.
And I have also created branding programs for small privately-held
companies like regional commercial trucker, Alton, and medical laser
maker Cynosure, as well as pre-IPO Physician
Computer Network.
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If your company is facing tough challenges to your
current marketing and sales efforts...
tap into Carazo Communication's extensive
experience building stronger B-to-B brands for
technical marketers...
Better B-to-B marketing solutions. Proven results. |
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