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  • 7/29/2019 Brand Marketing Merchandising

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    Branding, Marketing andBranding, Marketing andMerchandising for RetailersMerchandising for Retailers

    Presented by:

    Angelo Ponzi, Board-Trac

    Ralinda Harvey, Gloss Marketing

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    The Newest Brandsare Open for Business

    Retailers are marketing their storesand labels and strengthening their

    bonds with shoppers

    2008 Board-Trac, Inc. All rights reserved.

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    Marketers are and should be more concerned

    with how you think. Evolving beyond your historical role as simple

    points of distribution.

    The time has come for you to market your storesas your own brands.

    Building better, stronger relationships with

    your customers.

    2008 Board-Trac, Inc. All rights reserved.

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    On average U.S. households make 150 200

    store visits per year. While consumers may visit local retailers several

    times a week, they may not be purchasing the

    same branded products. Their experience is with you, the specialty

    retailer, than the brands themselves.

    2008 Board-Trac, Inc. All rights reserved.

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    Rather than establish loyalty to branded

    products, which are over distributed, you need toestablish your own brand.

    Customer experiences are a way to differentiate

    your store from your competitors, resulting inbetter ongoing relationships with yourcustomers/shoppers.

    2008 Board-Trac, Inc. All rights reserved.

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    Positioning

    A brands position is the part of the brand

    identity and value proposition that is to beactively communicated to the target audienceand that demonstrates an advantage over

    competing brands.

    2008 Board-Trac, Inc. All rights reserved.

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    Why Define Your Brand The brand positioning will:

    Serve as the cornerstone of the brand vision and strategy Provide a constant focus that drives brand consistency Guide other brand marketing activity so that the brand is integrated

    and speaks one voice

    A successful brand position will not only be ownable,

    leverageable and sustainable, but will serve as the roadmap tomeet todays category and business challenges.

    Create unique positioning that differentiates your brand from thecompetitive set

    Find high need opportunities (Consumer Relevance)

    Prioritize all elements of the marketing mix

    2008 Board-Trac, Inc. All rights reserved.

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    Brand Image How customers and others perceive the

    brand.

    2008 Board-Trac, Inc. All rights reserved.

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    Brand Equity

    Brand Equity

    Set of assets (and liabilities) linked to a brandsname and symbol that adds to (or subtracts from)the value provided by a product or service to a firmand or that firms customers.

    Brand awareness

    Brand loyalty

    Perceived value

    Brand associations

    2008 Board-Trac, Inc. All rights reserved.

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    This shift in perspective the store as its own

    brand suggests that traditional brand-marketing disciplines and marketing tools needto evolve.

    Retailer brands are about connecting withconsumers/shoppers to build bonds (loyalty) andto differentiate one retail experience from

    another.

    2008 Board-Trac, Inc. All rights reserved.

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    Value of Merchandising How does the linkage with the brand come to life within the

    store setting? Do I understand what my customer wants?

    How can I turn my customers into evangelists?

    Does my sales force effectively communicate the essenceof my brand?

    How does the layout of my store define my brand? Myconsumer?

    Do I have a plan in place to increase sales from existingcustomers?

    How can I attract new customers?

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    Exciting PossibilitiesExciting PossibilitiesMerchandisingMarketing and

    The New Media

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    Food for Thought.Food for Thought.

    Interesting Ways to Look at Your Business

    New Ways to Increase Sales from YourExisting Customers--- and find some new

    ones along the way!

    Take Advantage of Cost Effective Web &

    New Media Marketing

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    Part 1: The Dynamic DuoPart 1: The Dynamic DuoMerchandising and MarketingMerchandising and Marketing

    .Convert Browsers to Buyers

    Boost Average Sales and Units PerTransaction

    Increase Market share and Develop aLoyal Following

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    Mixing it UpMixing it UpMerchandising and MarketingMerchandising and Marketing

    Understand YourUnderstand YourCustomersCustomers

    Segment Your CustomersSegment Your Customers

    Appeal to Your CustomersAppeal to Your Customers

    .

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    Understanding Your CustomersUnderstanding Your Customers

    1. Who They Are?1. Who They Are?

    2. How They Buy?2. How They Buy?

    3.3. How Often They Come?How Often They Come?

    4. What they Buy?4. What they Buy?

    5. Do They Even Buy At All?5. Do They Even Buy At All?

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    Segmenting Your CustomersSegmenting Your Customers

    EnthusiastsEnthusiasts

    Bargain HuntersBargain Hunters

    Unusual SuspectsUnusual Suspects

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    Spoil Your.Spoil Your.EnthusiastsEnthusiasts

    Create a NEW feelingthat never ends.

    Launch a SignatureLoyalty Program

    Get Enthusiasts toSpend More Time withYou

    Know the 20% (Makethem Evangelists)

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    Walk the Line with.Walk the Line with.

    Bargain HuntersBargain Hunters

    Experiment withPromotions

    Make Sales-- Events

    Dont Give it Away!

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    Catch them Off GuardCatch them Off Guard

    UNUN--usual Suspectsusual Suspects Make them

    Comfortable.

    Slip in the

    Opportunity to BuyGiftcards/GiftsNovelty Items

    Showcase UniversalProduct in Windows

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    Part 2: Get Into.Part 2: Get Into.

    Web Marketing and New MediaWeb Marketing and New Media

    Effective EmailMarketing

    Exploring New Media

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    11--22--33

    Email MarketingEmail Marketing1. Build a Strong Database

    --Create Multiple Lists

    --Use Incentives

    2. Be Relevant--Focus on Customer Needs and

    Wants

    3. Work Your Email System--Who Opened

    --Who Clicked Through--Who Unsubscribed

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    Marketing with New MediaMarketing with New Media

    Blogging

    Social Networking

    Video Branding

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    BloggingBlogging

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    Social NetworkingSocial Networking

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    Video Ecommerce and MarketingVideo Ecommerce and Marketing

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    Make it Work for YouMake it Work for You

    Explore the PossibilitiesExplore the Possibilities

    Who OpenedWho Opened

    Who Clicked ThroughWho Clicked Through

    Who UnsubscribedWho Unsubscribed

    Who ForwardedWho Forwarded

    Whos InterestedWhos Interested