| As
advertising clutter increases and is bound to increase further, every individual
experiences a 25,000 "commercial impressions" inflicted on their minds
daily. Out of the $300 billion spent on advertising in the US, 90 per cent of
it is wasted, says Weyland. He
believes that brand communication can't be targeted at everyone as people respond
to advertising selectively. There is only a certain percentage of people that
are switched 'on or off' for various product and service categories. It is, thus,
important to aggresively cash in on those select few. Vouching
for word of mouth as the most powerful communication tool, Weyland believes that
it can educate that segment of the audience that is not tuned in to the particular
product category. Additionally, branding can also act as an insurance against
bad word of mouth. |