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Brand carries people’s life

“it’s time to admit that while you may think you own the brands, in truth, the brands own you.” I love how Jenny Zimmermann positions the power of brand in people’s life. These days, when people screen out all those brands while walking down the hallway of a mall, the first thing that comes up of people’s mind might not be how much it costs, how I like the brand, etc. A lot of people, especially Asian people, or to be more specific, Chinese people, might be thinking how most of their friends and families think of that brand. For example, “COACH” is a middle priced brand at its Cash Cow or Dog stage of market share in a marketing term. When my mom talks about this brand, she states this brand as a showoff evidence for people who earn not much income but think that they do compared to their peers. In that case, my mom wouldn’t rate this brand high compared to others because she thinks people would think the same way on her if they see her using that brand. However, for me and a few of my friends, we don’t emphasize on any brands or price, we only focus on how products appear to us. Therefore for us, packaging and marketing becomes the most important criteria that would affect our opinion about a product, not the size of its market already appealing to my surrounding peers.

Using Telus of an example of how I think branding would affect my life. Their advertisements are about their humanity of services, and they use a lot of animal characters to represent peace and nature. Thus whenever I think of Telus, I feel natural, quiet and even fresher air. It brings me calmness and friendliness to some extent.

Not only their poster graphics, their promotional video uses the same idea to grab people’s attention and likelihood to their brand as well, and of course, terminally, their products. YouTube Preview Image

Relative to one of their largest competitor, Rogers for which ads focus more on product characteristics, Telus has the advantage of immersing their service selling point into people’s mind and life.

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Commercializing your idea through students

Marketing is all about spreading the words and make others to believe in your product. Therefore, not only do they have to understand you product, they must understand your idea. Put it in another way, if you have a great idea in mind, you must make it into a product or service and commercialize it to turn your ideas into cash flows.

A blog on Canada Business Network called “Commercializing your concept — consider your options“teaches you how to commercialize your concept through various resources.

Most of the times, when people think of commercializing their ideas and concept, they may only think about the price, market saturation and the possible supply chains of the product.  However, there are other factors that are more important than simply focusing on the idea, which this article talked about: collaboration with universities or community colleges & industry partners.

It is amazing how nowadays university students attempt to start up their own businesses and have so many ideas that are fantastic for a lot of parties. Therefore, if  a business exchange ideas and technology with university and college students, it can be highly unexpected how much feedback and innovative thoughts that will be in their minds after benefiting from the chats.

Not only can the students provide add-on ideas to the company, also the company may find the students a huge market, or potential market for their products in the future. It is a very good way of opening the market share through students, let them try the idea, technology and the product, and also let them spread the words through all social medias. For example, Facebook, Twitter, and even text messages are great resource of spreading the words. In my opinion, students are the most powerful group of people in the world, they have access to all age groups of people, and they have potential access to literally all industries. Their words are powerful and their likelihood of buying something can be the fashion trend of the future in almost all areas.

So being inspired by the article, I would strongly think about attracting students, universities and colleges in the future for any type of products in any industries.

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