Category: Brand week

  • Why we adopted House of Tara as brand, by MD

    FATE Foundation has held its second yearly FATE Alumni Conference in Lagos.

    A guest speaker Mrs. Tara Fela-Durotoye, who is the Managing Director of the House of Tara, a leading brand in the colour cosmetics industry, said she changed her brand name from Tara Orekelewa to reinforce the brand as a corporate entity, from a one-man business.

    She recalled that the name of the brand at inception was Tara Orekelewa, which she used to communicate the indigenous identity of the products and make it stand out from foreign brands.

    She said her products represent African heroines, such as Olufunmilayo Ransome-Kuti and Queen Amina of Zaria, to celebrate them in a globalised world.

    The wife of motivational speaker Fela Durotoye said  she used her personality brand with the corporate brand to give credibility to the craft.

    “I started an industry that never existed and so there was need to give the business a face,” she added.

    She, however, emphasised the need for structure, the reason she “stepped away from the House of Tara brand” to develop her personality brand, TFD.

  • Will TSTV trigger competition in pay-per-view?

    Will TSTV trigger competition in pay-per-view?

    On October 1, a new pay-per-view Tv,TSTV, made its debut in Abuja. Experts say the new entrant into the industry may boost offerings in the industry. OLUFEMI BABALOGBON writes.

    It took Nigerians 57 years to have Independence,” proclaims a poster on the Instagram page of TSTv, the new entrant in the Pay Tv Market.

    On October 1, Nigerians, particularly on social media, celebrated the launch of the first pay-per-view multichannel Tv platform in Nigeria, TSTv.

    TSTV did not only attempt to disrupt the market in the country but all over Africa, as its subscription is pay per view.

    Though Mutichoice, the owner of DSTV and GOTV platforms,  said it would not operate pay-per-view, it had changed its marketing strategy, apparently in response to a threat by TSTV.

    As TSTV was launching, Multichoice was unveiling its #GOTVMax, a bouquet with channels, such as Select Sports 4, CBS Reality, and Fox.

    However, public perception seems to be swaying in favour of TSTV.

     

    Consumer perception

    The consumer perception  details how the consumer receives a marketing message and processes it. TSTV’s messages, which are marketing stimuli, only came to be accepted after the consumers have sent the stimuli through their physiological and psychological screens. The physiological screens are the five senses and interpret the message to the consumer.

    The screens evaluate the product based on self-interests and intrinsic needs. This is where TSTV got it right by bundling internet data with Pay TV offerings. Nigerians need two things to survive: cheap/free internet and electricity.TSTV is giving internet data as cheap as N300 for 1GB and 10GB internet free  monthly subscription!

    The consumer has perceptual files, called the mind. The files are previous experiences of engaging various brands. This means the memory of using GOTV or Startimes exists in the consumer’s mind and the consumer will evaluate TSTV’s service delivery relative to these previous experiences. The perceptual files, also known as the mental files play a role in the consumer Perception process and the outcome can either be brand adoption or brand switch.

     

    The TSTV Movement

    However, recent recession (2015-2017) has taught Nigerians that the best way to alleviate Forex pressure is to patronise“made-in-Nigeria” products. Also, series of xenophobic attacks on Nigerians in South Africa has impaired the public relations of South African businesse, such as Shoprite, MTN, and DTSV. Thus, Nigerians are happy to have an indigeneous brand playing in the sector.

    The TSTV movement is the ordinary Nigerians giving support to the brand and often de-marketing other Pay TV platforms.

    Bahdmus Hakeem, social media influencer and founder of @TheInfoNG,  tweeted: “The least we can do is to support TSTV. We cannot, I repeat, we cannot allow it to die like HiTV”.

    Also, the government is supporting TSTV, by giving the company three-year tax holiday. This, the Minister of Information, Alhaji Lai Mohammed explained, was geared towards growing the creative industry.

    With all these support coming from Nigerians and the government, experts said TSTV is starting on a good footing.

  • Two brothers unveil shoe firm

    After 10 years of making shoes, two brothers, Michael and Emeka Adigwe, have established  BootsbyMetal, a  shoe design firm.

    This is an indigenous brand  being positioned for global markets.

    BootsbyMetal is an aspirational brand, with the tagline “take the walk”, which sounds like a call-for-action similitude to Nike’s “just do it”.

    While Nike’s brand is emotional and uses stories of heroism, BootsByMetal’s co-founder  Adigwe emphasises: “The journey every man must take is to reach greatness.”

    Nike, he added, is inspirational, while BootsbyMetal  aspirational.

    The brand targets customers within the need spectrum of self-esteem and self-actualisation. That is why its prices are affordable to the middle and upper class.

    At the centre of BootsByMetal is the metal man, that is, a man who is “strong, focused, adventurous and authentic”.

    The concept of the metal man will resonate with every man, and identify with his ego, the illusion or reality of being strong, and the quest for adventure.

    This brand speaks to educated men between 20 and 40,  who are aspiring to be great.

    Thus, BootsByMetal does not have any luxury product. They are of quality, but are cheaper compared to imported brands.

    It is a brand to watch out for.

  • TSTV’s Pay-Per-View offer: Emotional marketing or sustainable innovation?

    TSTV’s Pay-Per-View offer: Emotional marketing or sustainable innovation?

    Is Pay TV revolution here or is it a mere emotional marketing? TSTV, a multi-channel TV platform, will be launched on Sunday, October 1, Nigeria’s 57th Independence Day.

    The Direct-To-Home (DTH) TV operation will offer Nigerians “comple-mentary internet capacity, smart home, ability to pause subscriptions for a record of seven days every month, video calls and in-built 500GB hard drive… for content storage, video on demand services as well as the regular uninterrupted clean world-class contents available 24 hours every day”.

    According to a statement by the company on its’ website, Nigerians went agog at the news of these offerings and they have been expressing optimism on the new entrant. However, some are skeptical about the exciting offers of TSTV.

     

    Are there threats?

    An Investment Consultant and Public Affairs analyst, Sola Fanawopo,  is not seeing TSTV as a revolution. “TSTV will operate in the low-earner consumer market, and contend with the likes of GOTV and Startimes; TSTV cannot compete with DSTV,” he said.

    His argument was that TSTV does not have premium family content that can compete at the level of DSTV, and that TSTV is modelled to service those who cannot afford premium services.

    He, however, cautioned that the product-promise of the new entrant may turn out to be unrealistic as the company is offering too many for little.

    “If the business model is wrong, and the business could not break-even, it will end up being unsustainable and subscribers would be the losers,” he added.

    Fanawopo submitted that TSTV offering looks more like emotional marketing as the cost of internet data, which TSTV wants to use to its’ advantage, is as expensive as the cheapest Pay TV subscription in Nigeria.

    Consumer Advocacy Foundation of Nigeria Executive Director Sola Salako also shared her concerns on the sustainability of TSTV’s offers.

    She said: “The need for caution arose from the need to be sure that the company can provide the service sustainably, that they have a sustainable business model to run it and that they are protected by regulation.” The consumer right advocate said the new entrant is vulnerable to anti-competition practices as the completion bill is yet to be signed into law by the President.

    Her organisation has been at the forefront of educating Nigerians on the need for the competition bill, particularly via an online medium, Yell Consumers Radio.

    “Nigerians should rise up and speak up for the Competition Bill to signed into law. It will strengthen new entrants and ensure they have sustainable business models,” she said.

    She, however, said more entrants and innovations in the Pay TV sector would translate to more choices for the subscribers.

     

    Who holds the stakes?

    A TV content producer, Tope Alake, observed that TSTV would survive and thrive because the brand is targeting a volume-driven market. According to him, opportunities for content providers as new players come into the Pay TV sector. He complained that the existing multi-channel operators are under-paying content providers and have never given the creative professionals the opportunity to negotiate for better deals.

    “I am very open to TSTV. I also heard that Kwese TV is about to launch. Africans are story tellers and this will give alternatives for storytellers,” said Alake.

    Alake, who directs the movie, “Picture Perfect,” added: “Nigerian producers churn out 70 per cent of contents in Africa, but they are the worst sellers. If we have like six multi-channel platforms, then we can negotiate better deals. This is the revolution we have been waiting for.”

    He concluded that he planned switching to Netflix inext month, but will consider getting a TSTV decoder as well.

    Former President, Independent Television Producers Association of Nigeria (ITPAN), Femi Odugbemi, agreed that the growth of the Pay TV sector will translate to growth for the content providers, flaying the lack of structure in the purchase of contents by Pay TVs.

    “Competition will offer perhaps opportunities to evolve current practices,”he said.

    Odugbemi, who is the producer of the latest Multichoice’s drama series, Battleground however, expressed concern on the sustainability of the Pay TV company, advising that new players must also invest in the human capacity of the creative industry and initiate “more projects not only in drama, but in every genre of contents – sports, general entertainment, game shows, reality shows and musical shows”.

    While it is good for content providers to embrace new opportunities from new players, the veteran producer advised his colleagues to appreciate the long-time investors in the contents industry, who have helped them to build capacity.

     

    Need to celebrate?

    A research and training company based in the United States (US), 602 Communications, defined emotional marketing as messages that build ego, “makes you feel smarter, bolder, and more sophisticated”.

    The pre-launch marketing of TSTV has been in consonance with the yearnings of Nigerians for a pay-per-view multi-channel platform. However, those offerings from TSTV are products of consumer-centric approach to marketing and a good example of design thinking. The erratic power supply in Nigeria has never made Pay TV interesting, as most customers complain that they do not get value from the monthly subscriptions.

    With TSTV, Nigerians would not need to worry about losing out on subscriptions due to power failure, working hours and weather disruptions. Families can even pause the subscription while going on holidays.

    Presently, the brand has got a lot of traction both online and offline, and it remains the latest Pay TV innovation as long as it delivers on the promises. If marketing is about identifying unmet needs, and providing offers to meet such needs, then TSTV has got it right. The revolution goes on television on Independence Day, giving equality in terms of contents, and freedom in terms of payment! Nigerians are celebrating!

  • Spectranet launches customer loyalty programme

    Spectranet launches customer loyalty programme

    Spectranet 4GLTE has launched its new long-term customer loyalty program, Spectranet awards.

    The company said in a statement that the program is designed to reward existing and new customers for their patronage by awarding points that can be amassed and used to redeem gifts and cash discounts.

    As a special promotion, the company said the customer that amasses the most points by December 31, 2017, would win a trip to Dubai or gets a one year free subscription to Spectranet’s Unlimited Gold plan.

    It said:  Customers need to register,only once, for the scheme after which every month points will automatically be awarded whenever a subscription is renewed, upgraded or topped-up.

    “Extra points will also be awarded for all sorts of actions which include; paying on time, introducing a friend and paying on-line. Spectranet will even award points just for registering on the scheme. Customers will be invited to register through a personalised email that will be sent out during the month of September 2017.

    The company’s Head of Marketing, Mike Ogor, said: “Our goal is to reward our customers for returning to enjoy the Spectranet quality service offering and for supporting us.”

    “Points can be redeemed in exchange for Spectranet Mifi, Data bundles, movie tickets, branded mug or to credit an account.

    To demonstrate the transparency of the scheme, customers can check their accumulated points and activity undertaken via a customer portal on its website.”

    Spectranet’s Chief Executive Officer, Mr. David Venn, added: “We have a special relationship with our customers and we wanted to provide a very unique benefit, only available on our award winning platform, to reward customers for staying with us, supporting us and sharing our values.

    “As the market leader, we are happy to reward our customers with gifts that will improve their internet experience and provide them with better access to things that matter most to them.”

  • Life goes on

    I have just lost some vital data to virus attack. It is difficult to explain the sequence of events. I discovered that I no longer have access to some of the regular files on my desktop. No. Do not blame me, please. I am not a careless user. The opposite is the case. No. Do not judge me for not installing antivirus. I did. Or did I? Let me show you what I mean, would you? Thanks.

    I clean my system every morning. That is, clean the keyboard, the screen, to rid the system of dust and particles and dirt. This same system is transferred into the system. I run the AV daily. I scan the entire system. I would not be slack because I have very sensitive information, clients information, business information, book ideas, third party ideas kept in incubation, patiently waiting to graduate from the nursery to the hatchery; and from the hatchery back to the nursery again. I called this back from the Womb to the Tomb.

    However, the enormity of the information I carry in my i7 windows 10, core vPro laptop is more than a gigabyte. It is a terabyte. I know this because I have words flowing through my fingers, through my system, through colleagues’ emails into my email, through my flash drive, and all of these words end up in the belly of my hard disc. I backup this in my external hard drive. This is how I work.

    Files that I am working on are kept on my desktop until they are moved into the backroom of my C-drive. Majority of the files that have been closed; no, not closed; files that I do not need immediately, are kept in my C-drive. These files are legion. In addition, I kept these files in my external hard drive. However, while I was agonising over lost data, my colleagues sympathised, but not empathised, with me. That is why it ended. It is my cross. It is my cross.

    To my colleagues, life goes on. To me, life stands still. Time is frozen. My heart aches. How do I recover from this disaster? Shh, it is not a disaster. It is a slow-down. I need to get up and find a lasting solution. Is it a challenge? Yes. I can sleep without those files. I can live without the files.

    Calmed, I can begin the recovering of  the files by scanning some of the physical documents, search my email boxes, forage colleagues’ emails for some of the documents, and keep them safe in my C-drive and back up the files in my external hard drive. That I can do. That I will do. Obla di obla da,  life goes on.

    Are you in my shoes? Or in a much deeper hole? Pull yourself up. Look at the brighter side of life. Do not erect a lamp post to your problem. Do not worship it daily. To make the best of your challenges, be like me; write about your challenges. Whichever way you have chosen to walk, remember, you are on your own. Na me lose data to virus attack.

  • Consumer behaviour threatens legacy brand Seaman’s Schnapps

    Consumer behaviour threatens legacy brand Seaman’s Schnapps

    Some legacy brands, including Schnapps, are facing consumer apathy. Olufemi Babalogbon writes that unless their producers addressed the problem, their products may soon become extinct. 

    In 1985, when Chief Akin Odunsi created Seaman’s Aromatic Schnapps, the target was “the Nigerian yuppies, who seek to impress clansmen back in the village”, according to a 1987 report by New York Times’ James Brooke.

    In the early 1980s, when Nigeria and Ghana experienced foreign exchange pressure, and there was a need to produce a local schnapps to replace the imported one in West Africa, the imported brands, such as Blankenheym & Nolet and De Kuyper, were the favourites of elders in the village.

    At inception, Seaman’s adverts targeted youths. The TV advert in 1987 ended with ‘’Seaman’s aromatic schnapps -preferred by our elders for libations”.

    This tagline was in consonance with the consumer behaviour of the yuppies who prefer to take Schnapps as a gift to the elders, who would receive the drinks, pour some as libation, and offer some prayers.

    In contrast, Schnapps is a drink for the boys in the United States; so relevant that the late 2 Pack Shakur rapped about “Dripping peppermint Schnapps, with Jackie Wilson, and Sam Cooke” in his track titled: “Thugz Mansion”. Flavoured schnapps, he meant!

    The brand and the millenials

    Seaman’s Aromatic Schnapps is a legacy brand, just like Alabukun powder. Storied as the No 1 prayer drink, Seaman’s Schnapps thrives on festivals, the tradition of using drinks for libation, and of using drinks to pray during weddings, naming, coronations, and other forms of celebration. This proposition would be successful only as long as the culture it promotes thrives.

    This year, more than half of Nigerian population is under 30, and most brands focus on them for wallet share. These youths have interests in entertainment, social drinking and culture of night-clubbing, urban culture and charismatic religious practice. Also, the elders in the village do not fancy Schnapps as a gift, except if there is a celebration. At motor parks in Lagos, where people board buses to their villages, bread-sellers get repeat purchases as bread is the common gift for the elders. These emerging consumer behaviours and lifestyles may pose some threat to the legacy brand.

    Reviving the legacy brand

    In a market, which gives large wallet share to beer and wine, Schnapps competes in the spirits category, which has the likes of McDowell being merchandised by Guinness Nigeria PLC, a company with 54 per cent share of the Strong Spirits Category.

    Beyond the rivalry in the Spirits Category, Seaman’s Schnapps will struggle to be relevant and appeal to millennials who spend so much on spirits but are rather lovers of social brands, such as Hennessey and Johnny Walker.

    A visit to various night clubs across Lagos showed that Schnapps are not being sold at these hubs of night entertainment. Gold Oark Limited has introduced some innovations, including providing Seaman’s Schnapps in handy sachets. This is successful as it gives the drink some competitive advantage and makes the product available for social drinking.

    However, the use of social media to promote the brand, and the introduction of a mobile game – Seaman’s Ayo – are not sufficient to make the brand relevant to the evolving millennial culture. The Seaman’s Ayo game, which could be downloaded via google play store or played via Seaman’s Schnapps’ facebook page, is, however, a strategic consumer-engagement initiative.  But the game has rather made the cultural age-long game, Ayo Olopon, relevant to millenials who ordinarily use mobile apps. It fails to make Seaman Schnapps relevant to the youth.

    Against the waves of culture

    The #ShareABlessing campaign of Seaman’s Schnapps uses festivals, traditional figures, aboriginal practices and traditional leaders as icons of ad messages. A key component of strategy should be the evolving culture, and not a tradition that belongs to ages past. The millenials have embraced new religious ideologies. A tongue-speaking couple would not make use of a drink for prayer. They would use a bottle of anointing oil! In Ghana, a cleric, Apostle Kwamena Ahinful, urged former President Ata Mills in the latter’s aloofness to libation at public functions.

    Wrappa, a South African brand consultancy firm, warned that legacy brands die “because of rigid marketing strategies and redundant products that did not evolve”.

    The brand communications being churned out by the manufacturer of Seaman’s Schnapps do not resonate with Nigerians.

    During Seaman’s Centenary pack launch in 2014, executives of Grand Oak Limited reportedly said: “Consumers should embrace the centenary pack as a conveyor of their prayers for Nigeria at 100”. Those words rather reinforced ritual practice and keep the potential consumers detached from the brand, an analyst said.

    The way to go

    Poju Bakare, Head of Digital at Noah’s Ark, an advertising agency based in Lagos, said Seaman’s Schnapps is going to survive, if the product evolves.

    Poju, an alumnus of Orange Academy, added: “What if they change the shape of the bottle to something fanciful? What if they make a luxury brand of Seaman’s and packaged it in a wooden box? What if they make flavoured varieties of Seaman’s schnapps?”

    Brand Strategist and Chief Executive Officer (CEO), Beacon Media & Communications, Enyinnaya Iroadum-ba, advised that the campaign for the legacy brand should be refocused on millennial culture.

    He explained: “If Seaman’s Schnapps must remain relevant in years to come, the product must be changed from being a prayer drink to an everyday drink.”

    The book titled: “The King of Drinks: Schnapps Gin from Modernity to Tradition” by Dmtri Van Den Bersselaar, a social scientist, supported  both Poju and Enyinnaya. It discusses the failure of Dutch’s Schnapps Gin in West Africa between 1980 and 2000, citing that the gin was restricted to the ritual sphere.

    The book adds: “The Dutch gin distillers and importers failed to reposition gin as a modern drink that could be consumed in a wide range of circumstances.”

    Therefore, the way to go for Seaman’s Aromatic Schnapps is to reposition it for social drinking. Perhaps we can have Seaman’s Flavoured Schnapps!

  • JCI’s Brand Master Class mentors brand enthusiasts

    The yearly Brand Master Class (BMC) of Junior Chamber International (JCI) Eko Chapter has held with Chief Leo-Stan Nnamdi Eke, chairman, Zinnox Technologies Group, and Dr. Ken Onyeali Ikpe, managing director, Zenith Optimedia, as seminarians.

    The theme of the symposium was “Building a Nigerian global brand,” and both seasoned entrepreneurs gave insights on brand identity, positioning, market segmentation and brand character.

    JCI President, Mr. Funmi Ayodele, explained that the event was initiated to give a mentoring platforms to brand enthusiasts and emerging entrepreneurs.

    He confirmed that both speakers agreed to take up part of the participants for long-term mentoring to build local brands that would go global. The Project Team Lead, Mr. Sherif Ibrahim, added: “The project is being held for the seventh year and impacts are being recorded. We have participants who attended two years ago and they have results to show.”

    A participant, Precious-Gift Ajudie, said she was excited about attending the symposium as it had introduced her to branding by “taking a position that relates with a specific customer segment in such a way that the product is designed to appeal to the target customers”.

     

  • Pepsi-Cola war disrupts market

    Pepsi-Cola war disrupts market

    The Sallah break was the period used by a lot of Nigerians to beat a fast retreat from the drudgery of their everyday jobs to various holiday spots preferably outside their towns and cities of residence.

    The Lagos-Abeokuta Expressway witnessed its own share of the commuters departing Lagos, with the hawkers capitalising on the dense flow of vehicular movement to sell off their wares. It was observed that majority of the drink-hawkers displayed PepsiCo’s products. The Cola war is real.

    The year started with all the cola brands increasing their prices in response to inflation and foreign exchange (forex) pressure. BIG Cola, a relatively new entrant manufactured by AJE Group, started selling 65cl PET at the rate of N100 per unit and later the price increased to N130. Coca-cola increased the volume of the PET from 50cl to 60cl and it sells for N150. Pepsi’s 50cl PET was selling for N120 until July 25, 2017 when the price crashed to N100. Coca-cola’s competitive response was the re-introduction of Solo Coke, a 35cl PET, which sells for N100.

     

    Market survey

    In Ikorodu, the fastest growing suburb of Lagos metropolis, Pepsi is selling more than the other brands. Mummy Basit Store at TOS Benson Road, sells soft drinks in both wholesale and retail options. The owner of the store said Pepsi has been selling more relative to other brands.  According to the workers at Alubarika Food Canteen, Ayanbure Road, customers  demanded for Pepsi only. However, at Shehuma Bar, Coke’s 60cl bottle was hotcake, as customers needed it to mix alcoholic drinks. Fatmot Restaurant at Ayangbure Road sells more of Pepsi; the owner said her customers rarely ask for Coke and Big Cola.

    The story is a little bit different in Ibadan, Oyo State capital. The popular Sky Amala Restaurant at Bodija sells only Coca-cola products and their customers have never complained about the price of Coke.

    This is the same with Ola Mummy Canteen at Bodija Ojurin; and Ultima Executive Restaurant at Bodija-Secretariat. Mummy Helen Canteen at J Allen, Dugbe, also sells only Coca-Cola products but recorded dip in sales on the 60cl PET. For this same reason, Iya Azi Canteen at Mokola Roundabout said she has stopped stocking the 60cl PET Coke.

     

    Price strategy

    In a country where most people live below a dollar per day, price crash would matter a lot. Most cola drink-lovers do not know the difference in cl; many do not even understand the meaning of cl. “Coke’s big bottle is N150, while same bottle for Pepsi is N100”, said Funke, one of the passengers in transit on Lagos-Abeokuta expressway last Friday. The 10cl difference is not obvious to consumers; rather the 15cl difference between Pepsi’s 50cl and Solo Coke is very visible to their eyes.

    A consumer asked: “Pepsi is big, while Coke Solo is small, so why should I buy the small one for N100?”

    However, Sanni, a student and customer of Libra Kitchen, University of Ibadan also said he took the 60cl Coke. Charles, a customer of Honey Food Canteen, Bodija Market in Ibadan, said he takes Big Cola irrespective of the price. He would prefer 60cl PET Coke over the Solo Coke. Some do not see value in a smaller pack which goes for a lower price. While Solo Coke is a good retaliatory strategy, many say the volume of 35cl does not satisfy them.

     

    Promotion, brand

    Pepsi Cola is using every medium available to push the #NoShakingCarryGo campaign to reinforce its low-price appeal. #NoSha-kingCarryGo Bus Rides have been going from one location to the other within Lagos, giving free BRT tickets and free Pepsi to commuters. This marketing rave has been taken to Lekki Toll Gate and BRT terminals at Berger, Obalende,  Mile 12, TBS and Ikorodu. A customer, commenting on the campaign, said consumers are now becoming aware of Pepsi’s great taste.

    Pepsi’s  #NoShaking-CarryGo’s advert says nothing about the uniqueness of Pepsi’s brand – all it says is “Pepsi is now N100”. This is the right time for a competitor to rather reinforce its’ own brand. Coke’s proposition is a bottled Happiness, and Coca-cola Nigeria is rather focused on promoting the global “Share a Coke” campaign. Cocacola has taken “Share a Coke” beyond replacing the brand icon with Nigerian names;  the company has produced over 1, 000 songs using common names of Nigerians. The brand seems not to lose focus of the global strategy of “One Brand” despite the Cola War in Nigeria.

     

    Conclusion

    The Chief Executive Officer, Contagious 128 Media, a digital marketing agency based in Lagos, Sola Adewumi, said:  “When you have the equity, then you can play with pricing.”

    Sola, who has worked on many multinational brands, said PepsiCo and Coca-cola  have the capacity to cut prices without having far-reaching effect on their brands in the long run because they are not at the brand-building stage. “Pepsi and Coke are both at the stage of taking their consumers from loyalty to addiction; only the new entrants would suffer in this price war,” he added.

    The founder of Disrupt Digital, David Idagu Goldfinger, agrees no less with Sola. He added that the consumers’ loyalty “will lie with any of the brands that offer them a good deal as their target audience (class C & D) is more sensitive to price than branding.”

    Goldfinger, a PR consultant, believes the consumers will be on the winning side eventually. Sola expects Pepsi’s contenders to also bring down their prices. “The consumers will be surprised to discover that the other brands also have the capacity to bring down their prices,” he said.

    “As we remember Glo Mobile for the per-second billing introduced in the telecom industry, we will remember Pepsi for disrupting this market to favour consumers,” an analyst said.

     

  • NASCO signs on KekeAds for mobile adverts

    NASCO signs on KekeAds for mobile adverts

    Foremost mobile advertising company, KekeAds, has been named one of the major media options for leading West African fast moving consumer goods (FMCG) company, NASCO Group. The partnership which was sealed recently underscores the huge drive by NASCO to improve the lives of its customers and people all over the country with its range of household items.

    According to the marketing manager, NASCO, Mr. James Iwunze, NASCO, as one of Nigeria’s oldest brand, has re-branded itself to fit the needs of the 21st century Nigerian with its renowned snacks like NASCO biscuit, NASCO short-bread, NASCO crackers etc; soaps, sanitary products, among a range of others. Iwunze said the choice of KekeAds was an easy one, as the company was looking for a simple, smart, mobile means to project its new range of goods and make them visible to customers in all the states of the federation.

    Speaking after the confirmation, the Head, Client Services, KekeAds, Ms. Lois Peters, hailed the partnership and thanked the company, one of Nigeria’s oldest indigenous brands, for finding KekeAds fit to advertise its range of products in every state, city and locale. She also assured that besides carrying visual adverts on the rear-end of the commissioned tricycles popularly called ‘Keke’, commuters would listen to messages from NASCO via the fitted automated audio advertising system, with key themes being the education of the public on life enhancing opics, as well as playing out the benefits of the NASCO products to the consuming commuters and creating awareness on what’s new from NASCO.

    Peters further stated that as the social impact focus has become customary since it went mainstream, KekeAds would be impacting on the economies of the various locations in Jos, Onitsha, Aba and Owerri, as the selected operators of the ‘Kekes’ would earn more income for themselves when they are commissioned to carry the adverts which will help alleviate poverty. She said, “KekeAds, through its activities, will provide jobs in the states, as the branding will have to be produced and installed by; the youth, administrative workers and even the ‘Keke’ unions who monitor the campaigns on behalf of KekeAds, will all be paid.”