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The ART of Marketing. The MARKETING of art. Harold Simpkins Senior Lecturer Jordan LeBel, Ph.D. Associate Professor John Molson School of Business Concordia University What is your dream career like? What is the first thing you need to do in order to launch your dream career? Typical answers… Craft an amazing portfolio Show my amazing portfolio to as many people as possible Get a part time job to support my art Talk to friends Ask Mom and Dad How about: A CLIENT ?! Myth The marketing of your art starts with the preparation of a professional portfolio and a killer cover letter. Reality Check The marketing of your art typically ends with the preparation of documents such as portfolios, resumes and cover letters. Myth Marketing my art is like “selling out” to the pressures of capitalism and big business. Reality Check As soon as you make the decision to make your art available to others, you've started to practice marketing. Is this selling out? Savvy marketing is behind every great brand… …and artist What is Marketing? Myth Marketing is basically advertising and selling. It really doesn’t apply to my search for a job or my career. Reality Check Marketing is all about satisfying customer needs through a mix of product, place, price, and promotion. It’s also a philosophy that invites you to look for win-win opportunities others may overlook. The tip of the iceberg Portfolio, Showings, Mailings, Talk to friends Implementation & Control Marketing Tactics Marketing Strategy Marketing Objectives Situation Analysis Myth Following a marketing plan is like painting-by-numbers; it will limit my flexibility and my creativity. Reality Check In the absence of a plan, what feels like flexibility is often an inability or lack of conviction to make tough decisions. Myth It all starts with knowing my customers. Reality Check Actually, it starts with knowing your product, namely YOURSELF and your chosen field. Situation Analysis Self Knowledge What is your passion? Field Knowledge Marketing Objectives Product what is your core product? How might you augment it to differentiate it? Price: what will it take to cover your costs & earn a living? Place where will your art be available? Promotion how will potential clients learn about your art? what do you want people to say about you and your art? How will you achieve your marketing objectives? Know Your Target Market Think and feel as they do Spell out your strategies: product price place promotion Positioning Teaching your clients to think/feel about your product as a solution to a need that is superior to your competitors. It’s about owning “mindspace” Building a clear position takes time and creativity L’Oreal might cost a little more… but I’m worth it Schaefer is the one beer to have when you’re having more than one. BMW: The Ultimate Driving Machine Meow Mix: Cats ask for it by name Bounty: The Quicker-Picker Upper A clear position requires a compelling “value proposition” The bundle of benefits that you will offer to your clients Functional vs Emotional benefits Tailored to the needs and expectations of each targeted segment Depends on competition and your market Defining your “value proposition” Which market segment(s) are you targeting? What is their profile? Level of art knowledge? Interest? What are their needs and expectations? What benefit(s) is your product bringing them? What is the “core” of your product? What benefit(s) could augment your value proposition to differentiate you from other solutions to customers’ needs? Condense that value proposition in a short 2-min “elevator pitch” and a 5-word slogan. « Les indispensables CA » Marketing Tactics What specific actions will you take to ensure that: your product satisfies your target market’s needs better than your competition? you get the price you want? the word gets out that you’ve got the goods? Implementation and Control Set clear timetable for taking these actions Set clear and measurable criteria to evaluate your progress and success. Develop contingencies to handle bumps in the road. A Few Ideas Lesser effort High effort Net-tiquette and email signature Follow-up Talk to your clients Create and distribute samples Promotional campaign Viral marketing Align yourself with a partner Retain the services of an agent Short term impact Long term impact Key Take-Aways Know your product: yourself and the field Know your customers: learn to think and feel as they do Picture yourself as a need-satisfying product What barriers exist between your current situation and your desired objectives? What will it take to overcome them? Create your marketing strategy: Product, Price, Place, Promotion Execute, measure and control, adapt Myth At the end of the day, it’s all about finding a career that will provide me with the financial security I need. Reality Check Find a career you love and you’ll never have to work another day of your life. NOW AVAILABLE on AMAZON.CA And INDIGO.CA