It's been the longest season in the entire history of the Oscars. It will all come to an end, give or take several minutes, around 8:30PM Sunday night, in Hollywood.
For the 93rd Academy Awards, the winner of the DGA (Directors Guild Of America), PGA (Producers
Guild of America ), Golden Globes and BAFTA (British Academy of Film and
Television Arts) usually wins "Best Picture." Usually means all but two times.
This year “Nomadland” won all four awards.
To me, it would be difficult to see, vote, predict and bet against "Nomadland."
Who will win and should win, in my eyes, for Best Picture--- "Nomadland."
But two films in the past have won all of those award shows
and lost for "Best Picture;" they were the movies “1917,” which lost to “Parasite.” And “La
La Land,” which lost to “Moonlight.”
We’ll see if “Nomadland”
wins and wins big. Tonight.Need more insights into true and Marketing and advertising? Including smart Marketing and Advertising trivia? Visit right here.
For all marketing, "People" or targeting has almost always been left out of the traditional "Marketing Mix;" almost every diagram includes the four P's with Product, Promotion, Place and Price. But there is much more which is and will be vital in the post-Covid world.
I've taught Marketing and Advertising for 45 years, while working full-time in Marketing and Advertising as an agency professional and/or client. I am also a senior Forensic Marketing Expert, Advertising/Marketing consultant with Londre Marketing Consultants, LLC.
Since 2007, I own a copyright for the Nine P’s/9 P's ©2007 of Marketing concepts and practice, which augments the Marketing Mix (Product, Price, Promotion and Place) or the 4P’s by the American Marketing Association, Neil Borden and Jerome McCarthy in the study and practices of Marketing.
The Nine P's/9P's help identify marketing problems in a number of areas, including movie marketing, and help develop marketing’s objectives, solutions, strategies and tactics. The Nine P's are insightful. In Marketing, especially in planning and execution.
Many have been told and taught that the "Customer," or potential customers are king, but what is missing in the 4P's? There needs to be more focus on the "Customer," or "People." For movie marketing or movie award season, with it's limitless "promotion," To me you need to define and use "People" or strategic market segments, which utilize the information related to demographics, geographics, psychographics, behavioral characteristics and technographics, vital components of the 9P's.
I consult and teach using the concepts and practices of the Nine P's/9P's of Marketing.
In the study and practice of Marketing, Marketing and Brand Managers develop plans, strategies and tactics. The Nine P’s include these important components, in developing strategic planning:
- People (Segmentation and Targeting)
- Potential movie goers come in many forms. multiplexes, movie theatres, streaming and many more locations.
- For movie segmentation and targeting there's a concept and a practice to see and research a movie's interest. A four-quadrant movie is one which appeals to all four major demographic "quadrants" of the moviegoing "audience:" That would be males and females, both over- 25 and under-25 years of age. Films are generally aimed at at least two such quadrants. Special tentpole or big movies may "hit" all four quadrants.
- In my 9P's, it's important to look, find and analyze potential, new, existing and repeat customers and users. Potential movie goers and watchers.
- Brand managers need to look at their customers and/or potential users. Do you, as a brand manager or advertising manager, understand your potential customer's purchase and usage touchpoints, their habits and how they engage with your brand? It seems everyone may be competing for their attention?
- Place "consumer" or "People" or "potential buyers" in the middle of a circle. Find information or data on them. Add the other components in the nine P's.
- In Marketing. From my education, training, research and analysis plus testimony, there needs to be greater focus on the buyer, "customer," or "People," in both planning and implementation.
- To understand your "People" or market segments, it may utilize many characteristics, including demographics (such as age, family size, family life cycle, gender, income, occupation, education, religion, race, culture, generation, nationality, and social class), geographics, psychographics (buyers are on basis of psychological/personality traits, lifecycle, values), behavioral characteristics (needs and benefits, decision roles, user and usage-related variables, occasions, user status, usage rate buyer-readiness stage, loyalty status, attitude and multiple bases) and technographics (potential buyers may or may not have the software and computer skills. Think employees here too, which may be a vital component or components of the 9P's of Marketing.
- Then once a target market is chosen, the organization can develop its marketing strategies to target a market segment or marketing segments.
- Product and Services
- Movies, come in many forms and venues.
- Under the 9P's, it's the goods and service combination the firm offers to the target market (again here's that term People" again, including variety of product mix, features, branding, designs, packaging, sizes, services, maintenance contracts, warranties and return policies.
- A product (service) is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need.
- Place (Distribution)
- Price:
- An IBM study found that nearly six in ten consumers ("People") surveyed are willing to change their buying habits to reduce environmental impact.
- Over 70% would pay a premium price of 35%, on average, for brands and products that are sustainable and environmentally responsible.
- Planning and Research
- Promotion:
- The eight (8) major, strategic components or communication elements which are personal and non-personal communication activities.
- The activities that communicate the merits of the overall product include:
- Personal Selling/ Sales Force: Sales persons
- Research has shown that "People" who listen more, learn more, plus it helps you position your service/product/solution or offering.
- Advertising: There's an expression "It is only creative if the product or service sells." I wanted to add "It is only good media spending if it sells."
- Sales Promotion
- Collateral Materials
- Direct Marketing (also referred to as Action or Direct Response Advertising)
- Interactive/Internet/Web, Digital Media, Social Media:
- Events and Experiences
- Public Relations/PR
- I have developed some strategic comments and questions under Promotion:
- To whom should you target and promote? Different movies appeal to different "people."
- What should you promote, with strategic copy points.
- What form or combination of promotion should you offer? Features? TV versus digital?
- How frequent is your messaging? Add specific media planning and media research here. Including looking at target market, audience with media characteristics falls here, too.
- Evaluate the eight different elements under Promotion and your brand's practices. That affects media planning.
- Ask is there a better way? A different promotional mix. There has to be a better way.
- What are your costs in dollars and manpower or person power?
- Ask "Is there a different way or ways to budget?" "And spend?"
- Look at different strategic partners? Their costs?
- With messaging you can also differentiate with "Price."
- What about "discounting?" Special sales? What economic and discount levels should you offer?
- Look at revenue versus costs.
- Partners and Alliances
- Presentation:
- Consumers are voting with their wallet.
- Some research says that consumers or my "People" care about business and their brands that have a social conscience (for the environment, for their workers, for societal issues, etc.). These "People" are actually prepared to pay more for these brands. They will support the brands that do, and ditch brands that don’t.
- It's been reported that consumers or "people" are socially aware about how brands, products and businesses behave.
- Deloitte found that “62% of customers said that they are more likely to spend with companies who have taken extra steps to ensure the safety and well-being of their employees during lockdown.”
- Passion
For more on ideas, concepts and Marketing solutions: Go to LondreMarketing.com and look under tab “Articles and Resources” and the 9P’s/Nine P’s ©2007. Specifically you will find them detailed at 9P’s/Nine P’s.
Or for more fun, marketing strategies/tactics and facts: Go to Marketing Trivia with 54 stimulating questions and answers at Londre Marketing Consultants, LLC.
Here to help. All the best.