The Real Secret for Brand Growth Ft. Jateen Kore & Ravikant Banka on Brand Ki Baat - Mumbai Edition by NewsReach
VMPL
New Delhi [India], March 5: In a world where brands are always looking for more attention, the true differentiator is not longer about visibility, but about understanding and conveying one's true identity. Today, markets are more connected than ever, and people are more informed and aware of what is going on. However, it is not about creating more noise and following trends, but about understanding people and the market, and creating stories based on honesty rather than imitation.
Episode Link:
Edited Excerpts
You have worked on both sides, client and agency side. How has that helped you in brand building?
Ravikant Banka: About 12-13 years ago, we saw that rural India was growing at a very fast pace. Brands wanted to get into rural India, but they didn't know the consumer. We spent a lot of time in rural India understanding how they live their lives, what they aspire to, and how they make different decisions compared to urban consumers. "The more we understood the dreams and aspirations of those consumers, the more we understood that we could create better value for brands."
What is one mistake brands make when they attempt to reach regional markets?
Ravikant Banka: One of the major blunders is underestimating the complexity of these markets. India is a highly heterogeneous market, and serving beyond metropolitan cities demands far greater depth and effort in distribution, communication, and messaging. "If you wish to target a large mass of people beyond urban centers, it becomes a massive challenge... the entire media landscape changes."
Jateen Kore: The consumers today have been influenced by the global world, and yet their behaviors are also influenced by the nuances of the local world. The opportunity for marketers is to identify the triggers that bring communication closer to consumer behavior. Even though the consumers' experience may be similar globally, the way consumers behave with the brand is different.
Ravikant Banka: Today, the market needs speed and creative depth, and it is our responsibility as an agency to give that to them. "It is imperative that brands protect their turf and grow against intense competition, and therefore they need the right combination of speed and creativity." While technology and AI can aid in this process, creative thinking must come from human insight and understanding.
In a world where speed and change are everything, it is not sameness but uniqueness that leaves a lasting impression. It is those brands that understand who they are and express it with honesty and integrity.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)
Next Story