Luxury Products During Inflation
Luxury designer brands are associated with high prices, exclusivity and quality. During periods of economic instability or inflation, consumers may be looking to save with more affordable luxury brands. To encourage sales despite the challenging market conditions, here are some tips for how to market luxury products. Unique Value Proposition During inflation, luxury brand names must create value propositions that their audiences will resonate with to boost sales. To do this, they must communicate the merits of their products and how they can enhance lifestyles. For instance, a luxury watch brand can emphasize durability and longevity. Luxury fashion brands can focus on timeless designs, being wearable season after season, and construction using quality materials for long-lasting use. Limited Edition Products…
Read More
How to Acknowledge Current & Cultural Events in Your Marketing
Companies face a dilemma when it comes to marketing current events or cultural events. On the one hand, addressing timely events can help companies appear current and relatable. This can lead to increased brand loyalty and sales. On the other hand, companies risk appearing tone-deaf or insensitive if they address events inappropriately or insensitively. Thus, companies need to be thoughtful and strategic in their approach to acknowledging current or cultural events in their marketing. Evaluation First, companies need to consider which events to acknowledge in their marketing. They need to evaluate the event’s relevance to their brand, their audience, and the marketing message they want to convey. If an event has a direct connection to a company’s products or services,…
Read More
Reassuring Consumers: United Airlines
The major American airline, United Airlines, has come under fire recently, after undergoing a few safety-related situations. The first one happened in December 2022, when a United Airlines flight was leaving Kahului Airport on its way to San Francisco. After the plane took off, it made a very sudden steep dive and came about 775 feet above the surface of the water. The other one came after the Federal Aviation Administration proposed a fine for United Airlines. The fine was because of the way that the airline company removed one important safety measure. There are a few ways to repair the damage done by this United Airlines news. The Events Back in December 2022, United Airlines flight 1722 ended up…
Read More
Celebrity PR: How to Navigate a Crisis
Public relations crises can be damaging to a celebrity’s image and career, but with the right approach, it’s possible to navigate them better. While navigating a PR crisis is different for brands and celebrities, there are some similarities between the two. For instance, a crisis management plan and strong crisis communications can help both navigate such situations. Almost two years ago, Alec Baldwin accidentally shot the cinematographer of Rust, Halyna Hutchins. He has been going through a PR crisis since. Others can learn a lot from the entire situation. Proactive The first step that every celebrity during a PR should do is to be proactive. They shouldn’t wait for the PR crisis to escalate. Instead, they should address the issue…
Read More
Is Transparency Enough to Mitigate a Crisis?
Recently TikTok has announced that it will be investing $1.5 billion in a reorganization that will result in making the video sharing app more transparent. This opens the door for a discussion about transparency and the role it plays in mitigating a crisis. A PR crisis is a common occurrence for any business these days. The best way to go about mitigating a PR crisis is for companies to prepare for them ahead of time by having a solid crisis management strategy. If and when a crisis does occur, transparency helps to mitigate the negative impact by building trust. It also allows everyone impacted to respond in the most effective way by giving them all of the relevant facts. Is…
Read More
Why Investing in SAAS is Worth it for Your Business
Software as a Service, or SaaS, is an application distribution model that allows companies to make various services and platforms available to their customers through the internet. In the last decade, the popularity and use of SaaS has been increasing both inside and outside the tech industry as companies experience the benefits of using such services. Most SaaS models tend to operate on subscriptions, where companies can pay depending on the services and capabilities that they need, or their scale. These types of cloud-based services don’t require users to buy a lot of hardware, and troubleshooting can be done online. Before companies decide the type of software and services that they need, it’s important that they know the benefits that…
Read MoreHow Health Brands Will be Tailoring Their Messaging Heading into the Superbowl
In general, when most people think about the Super Bowl, they tend to think about sports and unhealthy food or beverages. However, after the pandemic, those trends have started shifting, especially since the pandemic first started, as more and more companies in the health and wellness industries have begun investing in advertising campaigns during the Super Bowl and sending a different message from what consumers are used to compared to before. This new trend was especially noticeable in the last Super Bowl when a number of health and wellness brands created advertising campaigns and started tailoring their marketing efforts to target viewers of the championship game. Not to mention the fact that at the beginning of 2023, Buffalo Bills safety,…
Read More
How to Avoid Feedback Failures
Feedback is welcomed by most businesses these days. Customers receive surveys and emails from most businesses to gain feedback. Without feedback, it is difficult for a business to grow and improve. Feedback is mainly about assessing performance, whether a business is meeting expectations and what it can do to improve. Feedback also helps a business to understand the level of satisfaction of customers. Ineffective feedback Ineffective feedback is any type of feedback that fails to help the business to improve and grow. Feedback that does not have a clear business focus cannot be a tool for development and growth. A lack of clarity can also make any type of feedback go wrong. The tone and delivery of feedback also plays…
Read More
Basics of Search Engine Optimization (SEO)
The key to a search engine optimization (SEO) approach is knowing which strategies a company should be using to increase its website ranking on search engine results pages (SERPs). There are a few different ways that companies can increase their ranking on search engine results pages, however, it’s important that companies know that all SEO strategies take a bit of time before they will see results. Content optimization One of the core elements of search engine optimization is for companies to create high-quality content that incorporates the right keywords and is created with a clear page structure. There are a few things that content optimization entails including conducting keyword research so that the company understands which keywords should be incorporated…
Read More
Strategies for Generating Consumer Feedback
One of the best ways for companies to get more information on their target audiences to allow them to better meet their customers’ needs is through surveys. There are many different types of surveys that companies can use, however, the best ones are short and simple, which allow companies to get the right type of information, without making the customers feel too annoyed at them having to answer any sort of questions. Instead of creating detailed questionnaires, the best surveys are going to be plain and easy for the audience to understand. Questions If a company creates a survey that is going to have complicated questions that can frustrate or confuse the audience, they’re either going to give inaccurate or…
Read More