The advertising budget has been a mind-boggling amount for the marketers. Huge expenditures without efficiency, due to conventional path, have compelled marketers to innovate and explore some unconventional low-cost avenues to target the potential audience. In this scenario, the guerrilla marketing has been immensely helpful for small businesses to cope with huge-spending coporates. This article is about guerrilla assault on market by small firms with efficiency and efficacy led by innovation to drive profit.
The
size of business is getting engorged day by day, likewise the complexity and areas
of operations are also getting amplified. Though the MNCs have big pockets to
invest and have the financial muscles to turnaround the sterile market into a
fertile lush green, there has been warfare for a smidgen of market share. The
one, who creatively satisfies, differentiates and glamorizes its efforts, claims
the "star of the market". Thus, it has been recognized as big bull or
an elephant which swivels the market. There is an adage, "Big is good, Bigger
is better and Biggest is best". However, there is strong dearth of creative
ideas in production, packaging, strategizing, advertising and publicizing. The
avenues for publicity and advertisement have become very snazzy, as there are
all sorts of avenues being explored. Despite of creativity and hefty price been
paid, the efficiency as well as efficacy is at stake.
Jay
Conrad Levinson has coined the term "Guerrilla Marketing" for the first
time. He defines, "Guerrilla Marketing is an attempt to perform promotional
activities through unconventional medium at a low budget", which shall supply
information and embedded help to all member companies. This shall ensure boost
in profit and not in sales (as the expenditure is high). The literal meaning of
guerrilla has deviated from what has been perceived by the marketers. The guerrilla
attacker opts to attack small isolated, imperceptibly defended market rather than
major stronghold markets. However, what guerrilla has started doing is targeting
the unconventional routes to attract the attention of many in the given locality.
Further, it is meant for small firms and the saga nowadays is that even the large
companies started practicing it. |