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What is a trademark?
Word or letter Device Brand Logo Slogan Label, ticket, name, signature Three dimensional shapes Numeral, shape of goods, packaging or Combination of colours Sound mark
Avoid Selection of identical, similar and deceptively similar trade marks Avoid possible conflicts & infringement action Avoid unnecessary costs Avoid unnecessary opposition at the trade mark office
Before registering a trademark in India you should however know for which category (and subcategory) you want to register your trademark. You can choose your product or service categories in which your business operates (or plans to operate) at the World Intellectual Property Organization. The site shows you all the 34 goods classes and 11 service classes. For each class you register a trademark in India, you will have to pay extra, the selection of several subcategories will however not attract any extra cost. It is therefore advisable to select all the relevant indications of goods or services in the selected section. The application can be submitted at one of the Trade Mark Registry offices in India in Mumbai (Head Office), Delhi, Kolkata, Ahmedabad or Chennai. The cost for the registration of a trademark in India is 3,500 Rs (60 ) for each section (this is a Government fee and does not include any property consultant or law firm fee for preparing the application and eventual oppositions to be filed in case the application is rejected).
According to William J. McEwen, senior consultant at Gallup, companies should try to connect with their customers on an emotional level. In his book Married to the brand, Why consumers bond with brands for life Mc Ewen asks the questions how and why certain companies manage to create succesful brands. Succesful brands like Coca Cola, BMW, Harley Davidson offer a return to the customer and have a reputation for creating strong consumer bonds. How they do it? If customers marry a brand it means more than just buying a branded product, in fact most brands are married to only a small percentage of their customers. To reach the altar companies neet to go the extra mile and carefully listen to the voices of their customers. The
company must reinforce the brand promise at every touch point with the customer. So it is important that every employee is involved in relationship management. The AIDA formula: build Awareness, arouse Interest, create Desire and spur Action is not enough. Most brands are created and managed by talented individuals like Ray Korc at McDonlads or Steve Jobs at Apple. Brand managers must differentiate their products from others and highlight their benefits. The brand message must be credible, compelling and connecting to turn a prospect into a first date. Each brand relation begins with a brand promise. Succesful promises can be:
y y y y y
A solution to a problem Peace of mind Sense of status & prestige A feeling of self-image and self completion A sense of membership
The 4 Ps (Product, Place, Promotion, Price) are not enough any more a brand marriages requires the fifth P People. The employees who interact with the customers on a daily basis (the front line people) are the brand. In order to build a strong brand, companies need to fully engage their customers. According to Gallup there are four categories of engagement: 1. 2. 3. 4. Fully engaged: customers are passionate about a brand Engaged: customers feel an emotional bond Not engaged: customers use a product, but have no strong feelings for it Actively disengaged: there is no connection to the brand and customers could switch easily
To build a strong brand, marketing managers need to create a connection far beyond price and location, thy need to articulate the brand promise, align the customers touch points and try to fully engage the customers. Companies which succeed doing this can count on many brand ambassadors who will automatically spread the brand message to relatives and friends.
Building a brand online has become a must for every small and medium sized business and individual professionals. The times of I know this guy, who knows that guy so I will try to put you in touch are (almost) over. Everyone seeking a product, service or person will go online to compare, connect and get information. So how can SMEs build a strong brand online? According to Michel Joel, Canadas most influential male in social media there are some basic rules individuals and SMEs need to follow to build a successful brand online: 1. Stay informed: Using RSS feeds like Google Reader, iGoogle, My Yahoo and Netvibes will help you to stay on top of all the news in your particular industry.
2. You need a plan: Plan your showcasing and promotion strategy. What do you want to accomplish online? Once you have a strategy follow blogs and engage in industry forums. Try to contribute something valuable and try to keep the conversation alive. 3. Build a community of like-minded people with whom you can share ideas and do business with: you can start with a blog, online social media groups (Facebook, Linkedin), micro blog (Twitter) or a podcast (audio / video content). Keep in mind: whoever has and creates the best content wins. 4. Build a terrific website: Apart from blogging, social media, and forum posts you need to have a well maintained website, which is easy to navigate and demonstrates the same level of quality as your other web content. 5. Convey helpfulness and sincerity: You cant fake passion, so ensure that your message is genuine and try to focus on a special niche, even a very small one. You should speak like a human being not a press release. 6. Content is king: write short, punchy, memorable, fun and most importantly, simple. The material you publish should thoroughly engage your target. 7. Apart from text use good images, audio and video (YouTube) 8. Plan a robust mobile strategy: the future is going to be mobile so try to design your website in a way that it works also on small and keep the navigation simple. 9. Try to deliver the right message and the right type of content at the right time.
Finding the right Marketing Solutions Sales and marketing in India are quite different. After all, you need to take into consideration the culture, demographics, and even geography of the country. To help you out, you can make use of the following insights and tips:
9. Go door to door
Its common for business to engage in door-to-door sales. You may want to do this if you want to reach out to your target customers who are living in villages, especially when posts and telecommunications are still in the process of being improved.
More tips on Sales and Marketing in India will follow shortly Leave your comments, suggestions and tips about sales and marketing in India
The following article series Marketing in India will cover Kottlers 4 Ps (Product, Promotions, Price and Place), with focus on the Indian market. This first article will talk about the right product strategy for the Indian market. The upcoming articles will then cover the promotion, price and distributions strategy for international companies, which want to successfully sell their products in India.
When launching new products in India, companies should look at their products from different perspectives and then try to cover each aspect step by step in order to develop a successful product strategy for the Indian market. The most important part of a product is the core functionality. Electronic products normally dont need to be adapted to the Indian market: Samsungs LCDs look the same in Dubai, Hong Kong and New Delhi. But in the food sector for example products almost always need major changes (example: more spicy taste, removal of non-vegetarian ingredients etc.).
he second aspect marketing managers should look at when developing their product strategy for the Indian consumer market is: packaging. The most common example used in marketing text books is the 1 Rs. (0,02 ) shampoo pack. Sunsilk, Unilever s leading hair care brand, can be found at every corner shop in small packages (enough for using it once or twice or maybe just to try it out). The reach of smaller packs is much wider, and considering India s huge population a lot of small packs can result in quite high overall sales.
Along with the packaging comes the brand name. A strong brand name like Harley Davidson (which recently entered India), can surely make a big difference. If a company
does not have a global brand name, it should consider renaming its product for the Indiana market. Choosing the right brand name is a fundamental part when developing a product strategy for the Indian market. The German Ice cream maker Langnese-Iglo for example is selling its ice cream under the Langnese brand in Germany, but it is retailing under the brand name Walls in Asia. With 18 official languages and thousands of dialects, finding the right name for a product may be a difficult task and before launching a new product nationwide, overseas companies should ask for advise from marketing experts and potential consumers in different regions of India. In this way, selling in India is almost like selling in Europe, with its different languages and customs. Last, but certainly not least, international companies have to offer a good sales service and after sales service. Like in every country a well organised and effective customer service, warranty services, free home delivery and other goodies will increase customer satisfaction. Global companies should try to build up a strong relationship with their customers and offer locality schemes along with their products. This is also a way to gain valuable customer insights and can be used at a later stage to introduce better products
Product Decision Example Product design Will the design be the selling point for the organisation as we have seen with the iPad, the new VW Beetle or the Dyson Ball vacuum cleaner. Product quality Quality has to consistent with other elements of the marketing mix. A premium based pricing strategy has to reflect the quality a product offers Product features What features will you add that may increase the benefit offered to your target market? Will the organisation use a discriminatory pricing policy for offering these additional benefits? Product branding One of the most important decisions a marketing manager can make is about branding. The value of brands in todays environment is phenomenal. Brands have the power of instant sales, they convey a message of confidence, quality and reliability to their target market.
Level 1: Core Product. What is the core benefit your product offers?. Customers who purchase a camera are buying more then just a camera they are purchasing memories. Level 2 Actual Product: All cameras capture memories. The aim is to ensure that your potential customers purchase your one. The strategy at this level involves organisations branding, adding features and benefits to ensure that their product offers a differential advantage from their competitors. Level 3: Augmented product: What additional non-tangible benefits can you offer? Competition at this level is based around after sales service, warranties, delivery and so on. John Lewis a retail departmental store offers free five year guarantee on purchases of their Television sets, this gives their `customers the additional benefit of peace of mind over the five years should their purchase develop a fault.
Concentric diversification
This means that there is a technological similarity between the industries, which means that the firm is able to leverage its technical know-how to gain some advantage. For example, a company that manufactures industrial adhesives might decide to diversify into adhesives to be sold via retailers. The technology would be the same but the marketing effort would need to change. It also seems to increase its market share to launch a new product that helps the particular company to earn profit. For instance, the addition of tomato ketchup and sauce to the existing "Maggi" brand processed items of Food Specialities Ltd. is an example of technologicalrelated concentric diversification. The company could seek new products that have technological or marketing synergies with e xisting product lines appealing to a new group of customers.This also helps the company to tap that part of the market which remains untapped, and which presents an opportunity to earn profits.
priced. Moreover, the new products are marketed to the same economic environment as the existing products, which may lead to rigidity and instability. In other words, this strategy tends to increase the firm's dependence on certain market segments. For example, a company that was making notebooks earlier may also enter the pen market with its new product.
[edit] Another interpretation
Horizontal integration occurs when a firm enters a new business (either related or unrelated) at the same stage of production as its current operations. For example, Avon's move to market jewelry through its door-to-door sales force involved marketing new products through existing channels of distribution. An alternative form of that Avon has also undertaken is selling its products by mail order (e.g., clothing, plastic products) and through retail stores (e.g.,Tiffany's). In both cases, Avon is still at the retail stage of the production process.
The company markets new products or services that have no technological or commercial synergies with current products but that may appeal to new groups of customers. The conglomerate diversification has very little relationship with the firm's current business. Therefore, the main reasons of adopting such a strategy are first to improve the profitability and the flexibility of the company, and second to get a better reception in capital markets as the company gets bigger. Even if this strategy is very risky, it could also, if successful, provide increased growth and profitability.