Tuesday, June 3, 2014

Push versus Pull Marketing: Is Your Company Using Both Marketing Strategies?

Push versus Pull Marketing: Is Your Company Using Both Marketing Strategies?

Push marketing: is an approach that tries to put advertisements in front of someone who does not necessarily have any knowledge of your company. Push marketing strategies could involve cold calling, advertising banners, or generating referrals. They are designed to get others to really promote the company and “push” the idea that your company is something of value.

Pull marketing: is a method of advertising companies use to try and get consumers to find the company on their own. The idea is that people will find your company because your company was able to build a successful brand. This would mean that a company has offered a valuable product and created enough social media visibility to become something that a person wants all on his/her own. One of the most popular ways to do this is by offering a “20% off” type-deal or special promotion.

Most marketing departments would agree that a good marketing department will utilize a little bit of push and a little bit of pull. However, most would also agree that your company would ideally be able to rely on a pull marketing strategy. After all, the customers who seek out your company on their own are the customers who are more likely to convert.

Why a Pull Marketing Strategy?

Most companies understand the need for push marketing; especially at the start of a company. However, pull marketing is a newer concept and it has caught the attention of many, and for good reason. Pull marketing takes less effort and is less expensive than more traditional marketing techniques. It also takes advantage of the growing social media and search engine marketing popularity.

So how do you get started with pull marketing? The truth is – your company is likely already using pull marketing strategies and you just didn’t know it. Nevertheless, consider some of the following strategies that are considered pull marketing methods:

Blogging – As a blogger I might be a bit bias, but I directly see the affects that blogging can have on a company. Blogging is a great way to let a large audience know that your company knows what it’s talking about (provided you have a good writer); thus helping pull them into your company.

Social Media – Any type of social media marketing would be considered pull marketing. This is another great way to increase the visibility of your brand and offer deals to people who want to see them. You aren’t forcing anyone to see your promotions when on social media because if they want to see more, they have to go to your page and click.

Speaking Engagements – This is a great time for a company to really promote its brand and show off the type of value the company can bring to those listening. It’s a way to pull people in without having to actually call them or bother them to listen to your messages.

Email Newsletters – This is a great type of pull marketing because you can put special deals in your newsletters without forcing them in someone’s face. People sign up for your newsletters, so it is there choice whether or not to receive these emails. When they see your special deal, you’re likely to pull them in and turn them into buyers.

Ultimately, a company should utilize both a push and pull marketing approach.

Saturday, January 25, 2014

Rebranding and Renaming of Noor Bank

Rebranding and Renaming of Noor Bank

Noor Islamic Bank- One of the leading Bank of UAE has dropped the word Islamic from its name and rebranded itself as Noor Bank, however it remains an Islamic bank by Values & Sharia Nature.

Removing Islamic Word was a great move by Noor Bank, As Noor is an Arabic Word which means light, Noor also means Islamic Values & Way of life. So removal of Islamic word does not give any negative effect.

“Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai — United Arab Emirates.

In a short period of time, Noor Bank has grown considerably, and now provides a comprehensive range of products and services — in consumer and corporate banking, wealth management, insurance, treasury and trading.

Usually it takes 8 to 10 years for a Brand to ReBrand, But i case of Noor Bank i think the Management took the Right Move.

"New Slogan - NOOR GETS IT DONE" - Adds value by giving a attitude of getting things done

My Comments - I personally like the Simplified look in Logo, Slogan shouting & telling the World that Bank is Strong & Safe for looking after your money.

Tuesday, January 21, 2014

Top ten reasons for Re-branding

Top ten reasons for Re-branding

On average, organisations and brands change their corporate identities once every seven to ten years. This often involves restyling logos, colour palettes, visual language and the photographic style. In a small number of cases, the name of the organisation is also changed during this process. Although there is usually one main reason for making the change, the motivation behind a rebranding project is often a combination of several factors.

Ten most common reasons for a rebranding.

1. Mergers, acquisitions and demergers

2. Repositioning

3. Internationalisation

4. Changing markets

5. Bad reputation

6. Conflict with stakeholders

7. New CEO

8. Outdated image

9. Changing brand portfolio

10. Further development of corporate identity

The picture displays how few companies have Re-branded their logos