EVIDENCE bLOG « Return On Focus | https://returnonfocus.com | Return On Focus

What We Think

EVIDENCE bLOG

Our evidence-based marketing approach provides us with a unique lens to observe and provide insights and commentary on industry news and common client experiences. Please note that any similarities of the events and insights provided here to your current brand situation are purely intentional and should not be considered coincidental. If you see yourself or your brand in any of the blog posts below, feel free to comment and tell us about your experiences.

For Established Brands, It’s Not About Re-Positioning… It’s About Re-Focusing

If your pharmaceutical brand has been on the market for a couple of years and is under-performing, the notion of re-positioning might seem tempting as a means to reinvigorate sales. But the truth is, without compelling new data or an additional indication, it is extremely difficult (read…near impossible) to successfully re-position your brand in a meaningful way to your customers.

Brand perceptions are formed relatively quickly and become ingrained with product experience and interaction with your previous marketing and sales efforts.

Instead of thinking about re-positioning, think about re-focusing your brand story. Often times, brand messaging starts out diffuse at launch and then becomes further diluted over time as attempts to keep the sales story “fresh” actually result in a fragmented approach to communication.

What if you surveyed your entire team today and asked each of them to respond with the key take-home message for your brand. How confident are you they would all submit the same response? How confident are you they would be correct?

The key to re-invigorating your brand story lies in taking an objective look at the potential points of communication focus that exist currently. Now, the most important word in this sentence is “objective.” Our experience has been that brand teams and agencies are too close to the messages to do this without outside support.

We do a lot of Communication Platform work at ROF and most of it is for on-market brands in need of a tighter story. There is a disciplined process that must be applied here because message development should be a strategic exercise…not a creative one. The creative comes later once the platform is optimized and the agency initiates concepts and executional tactics.

So, before you invest a significant amount of your budget and time in re-positioning your brand, try re-focusing your current brand story.

Inertia is the Competition, Not Another Drug

When you’re thinking about the competitive set for your brand, you should ask yourself two very important questions:

  • What are the products that your brand directly and indirectly competes with for market- and mindshare?
  • What other factors influence physician decision making as it directly relates to your brand?

Let me tell you a little bit more about this second one. A key pattern that we are seeing here at ROF over the last 12 months across a number of our clients is that the major competitive threat in their category is NOT another drug, procedure, or device. It’s inertia.

Whether it’s physicians, patients, or managed care, the power of ingrained thinking is a significant challenge to most brand teams. It can be seen across a range of categories such as RA where anti-TNF cycling predominates and asthma where step therapy is dictated by the guidelines.

It is critical that you consider these alternative external influences when thinking about the competition for your brand. They can have a significant impact on your strategy, objectives, and even messaging.

Who is your brand really competing against?

More Choice Isn’t Better for the Prescriber

Physicians are experiencing new prescription product overload in categories ranging from renal cell carcinoma (RCC) to Hepatitis C. While this is wonderful for patients, it’s becoming increasingly more difficult for prescribers to keep track of all these new products and subsequent clinical findings.

The absence of any product sequencing data makes prescribing decisions even more challenging as both patient and prescriber wonder what opportunities they may be sacrificing down the line based on their initial product choice.

This brings me to my point that having more choice isn’t always better. An often-referenced choice study, most recently cited in the book Paradox of Choice, demonstrated in a grocery story experiment that while a tasting display of 24 jams generated more traffic, a display with only 6 jams generated more sales.

It’s believed that as choices increase, consumers make up mental short cuts called heuristics in order to streamline selection. In categories like RCC, it would be critical to understand the heuristics Oncologists have developed to decide between Afinitor, Avastin, Nexavar, Sutent, Torisel, and Votrient. Remember, these are mental short cuts, NOT paragraph-long positioning statements.

Taking a step back, the Oncologist is not only balancing these 6 advanced RCC treatments, but another 200 – 300 other products for various other tumor types, which makes industry insights about the mental short cuts used even more important. Can you articulate the heuristics in your category and for your brand?

Follow us on
Pinterest Twitter slideshare
Contact Us
XXX

Powered by WordPress