This is a record of a Tweet interview i had through my twitter handle "@id49ja" and Rise Networks "@risenetworks" on April 26th 2012
@Risenetworks Good
day sir, welcome to Rise "Twitterview"
@id49ja thanks, its my pleasure really #brandmanagement
@Risenetworks What's your definition of a brand? #brandmanagement
@id49ja For me, a brand is collection of values that give distinction to
a person, company or product. #brandmanagement
@id49ja these values are made up of the benefits, the look & feel,
the passion it excites in those who appreciate it #brandmanagement
@Risenetworks okay, What's brand management about? #brandmanagement
@id49ja #brandmanagement is the fine art and gr8 science of
steering the lifecycle of a brand such that it continues to win
@id49ja i call it a science bcos it can be learned but also an art
because its clear some ppl "get it" instinctively #brandmanagement
@Risenetworks What's the relevance of brand management? #brandmanagement
@id49ja #brandmanagement is relevant bcos its the management
approach to keep a brand winning in its market
@id49ja when #brandmanagement is done well, the brand is always
relevant in its market. it may not be a leader yet but its relevant
@id49ja winning is important but i place more stock in relevance when i
think about #brandmanagement u must be "unignorable"
@Risenetworks How
receptive has the Nigerian market been to the idea of branding so far? #brandmanagement
@id49ja Actually
branding has been widely accepted in Nigeria but to my mind its gone a bit
extreme. Let me explain #brandmanagement
@id49ja You know an iceberg? only a small part of it is visible above
water, the largest part of it is under water #brandmanagement
@id49ja With this analogy branding is wat you see above the water,
Marketing is what is under the water #brandmanagement
@id49ja Marketing is the foundation of branding.Unfortunately Nig has
fallen in love with the house, "branding" but ignores marketing
@id49ja Marketing is the foundation of branding. If you dont understand
marketing, you will do #brandmanagement like an apprentice\
@id49ja I hope i
answered that well ;-) next question pls #brandmanagement
@
Risenetworks vry
well sir, What are the challenges of managing a brand in Nigeria? #
brandmanagement
@id49ja the first
challenge is what ive already said viz marketing. But also insufficient
creativity affects
@id49ja Creativity in
#brandmanagement should not be limited to how ur logo looks or the type
of ads u run but also in retails points#brandmanagement
@id49ja creativity in the way you segment your customers, in the way you
position different brands for each segment, in your pricing
@id49ja Like my friend @je_mc2 once said, you have to know the
box before you can think outside the box #brandmanagement
@id49ja my challenge to anyone interested in #brandmanagement is
to study marketing first so they can be creative
@Risenetworks okay, Does branding actually enhance the acceptance of a
product or service to the consumers? #brandmanagement
@id49ja Definitely branding done right is a lifesaver! a product with no
clear brand values will die off soon enough
@id49ja If the product does what it promises and you communicate this
promise well, then acceptance of the brand will come slowly
@id49ja Patience is needed when building a brand though, if you rush the
"cooking" the soup will taste bad. #brandmanagement
@id49ja hope that answers the question a bit #brandmanagement
@Risenetworks Yes it certainly does, What are the features of an
effective brand? #brandmanagement
@id49ja hmm..1. A clearly defined segment of the population its meant
for 2. A clear benefit the brand meets for this segment
@id49ja 3. A set of clear communication messages abt this promise(s) of
value that gets to this segment
@id49ja 4. The target market ask for the brand by name #brandmanagement
For me these 4 are key features
@Risenetworks okay, How can one achieve brand sustainability? #brandmanagement
@id49ja You sustain a brand by constant pruning of its benefits, and
messages. Perceived benefit today may no longer be valued
@id49ja You need to keep talking to the customer to know if they still
appreciate the benefits you currently offer.
@id49ja Your company/brand only exists by the pleasure of customers,
satisfy them and you will sustain your lifecycle #brandmanagement
@id49ja Next question pls #brandmanagement
@Risenetworks How can
a new brand takeover the market? #brandmanagement
@id49ja Taking over
the market requires foresight, leveraging unique strengths, exploiting the
gaps/mistakes of dominant players too
@id49ja A new brand must study
the terrain and execute its marketing plan more professionally than other
players
@id49ja without such clearsightedness it would be hard to takeover an
existing market #brandmanagement
@id49ja is that ok? #brandmanagement
@Risenetworks yes pls, What's the meaning of the popular term integrated
marketing communication? #brandmanagement
@id49ja this term refers to a properly deployed marketing communications
plan, where there is synergy with all the tools of Marcomms
@id49ja when tools like Advertising, PR, Events,Sponsorship, Direct
Marketing etc are deployed in a cohesive mix then the term is true
@id49ja Next question sir #brandmanagement
@Risenetworks What's the difference between Advertising and PR? #brandmanagement
@id49ja Advertising reaches a wider audience really and has its own
tools...TV, Radio, Print, Online, Outdoor etc
@id49ja Advertising is paid for communication of your brand within
defined channels. PR has more to do with 3rd party endorsements
@id49ja PR gives & enhances messages in more restricted influence
circles than Advertising. its a long topic ;) i cant do justice 2day
@Risenetworks okay... Its been a really enlightening & informative
session with you. Thank you so much for taking the time out to do this.
@id49ja Let me squeeze 15 more mins for a few more questions on #brandmanagement
its been fun so far ;-)
@Risenetworks okay sir, just saw your last tweet
@id49ja ok shoot...hard questions only now....
@Risenetworks...ok,
What's the difference between above the line advertising and below the line
advertising? #brandmanagement
@id49ja above the line ads are TV, Radio, Press, Outdoor. Below the line
are SMS, Flyers/posters, pamphleteering #brandmanagement
@id49ja The difference seems a bit esoteric but the "line" in
ATL and BTL is a creation of marketers...nothing special there
@Risenetworks What brand value preposition does Etisalat possess ahead
of others? #brandmanagement
@id49ja etisalats value proposition is made strong by our clear eyed
attention to consumer needs and our willingness to meet it
@id49ja Im not saying others dont but we are relentless in executing the
insights we discover and we dont want to be like anyone else
@id49ja when etisalat says "we are uniquely different" it
means we never react to competitions acts. We choose our own path
@id49ja This path is always where profit & consumer needs reside We
are clear minded on leveraging our strength for the consumers sake
@id49ja Next question pls #brandmanagement
@Risenetworks What makes a "TIMELESS" brand? @Apple @Dell
#brandmanagement
@id49ja @Apple is my favorite timeless brand. They try to be like
no one else, have an intuitive understanding of consumer needs...
@id49ja and are relentless executors of their strategy. This is the way
to be timeless. They reinvent themselves and push themselves
@Risenetworks Which has a stronger brand value preposition the
Blackberry or the Nokia phone? #brandmanagement
@id49ja Clearly its the Blackberry for now. Only because customers are
its major evangelists. Nokia has lost its status
@id49ja You measure loyalty by the extent your customers recommend you
to others. BBM is recommended by friends to friends
@id49ja Sadly Nokia does not have this strong "recommender"
hook anymore but Blackberry shld beware...they need to reinvent themselves
@Risenetworks Finally what's the difference between a brand,a logo &
a trademark? #brandmanagement
@id49ja A brand is a collection of values, logos and trademarks are part
of the values that make up a brand.
@id49ja In and of itself, the logo is not a brand, It a part of a brand
@id49ja Simply put, the logo/trademark is like the leaves on a tree. The
tree itself is the brand. The logo helps confer an identity
@Risenetworks its
been wonderful having you on "Twitterview" do enjoy the rest of your
day sir.
@id49ja Its been fun
guys...gotta run. Thanks for this chat session on #brandmanagement
@Risenetworks Thanks
, have a great day