Donald Trump marketing
No matter how much you love or hate the 45th
President of the United States of America, Donald Trump; either way you must
respect the man’s ability to promote himself. I’ve often heard that the
difference between marketing and public relations is that public relations is more
about branding and marketing is about direct revenue. I believe Trump’s
successes is due largely to his branding, legal team, and social media
engagement.
Branding
First, Trump has licensed his name for various real estate
properties, apparel, and home furnishing. To the average person, this sounds crazy,
but Trump licensing has created a sense of ownership for the respect that the
names carries. Some of his properties were in Las Vegas, Toronto, Dubai, and
Honolulu. According to an analysis by The Washington Post, there are more than
fifty licensing or management deals involving Trump's name, which have
generated at least $59 million in yearly revenue for his companies. What this
means is that Trump is making money simply because someone is using his family
name.
Legal
Secondly, even though Trump and his business has been involved
in more than 4,000 legal actions, his has successfully marketed himself as successful
businessman. If you dive into the numbers, his was the plaintiff (one doing the
suing) in over 1,900 cases. On the other hand, he was defendant in over 1,450
cases. Most of the plaintiff cases was Trump suing gamblers not paying debt.
While on the defense, Trump was sued for personal injury claims. His success
rate was 451 to 38.
Most interesting, Trump has never filed for personal
bankruptcy. However, Trumps hotel and casino businesses have been declared
bankrupt six times between 1991 and 2009. Because the businesses used Chapter
11 bankruptcy, they could operate while negotiations proceeded.
Social media
As of May 2019, Trump is in the top 15 for most Twitter
followers at more than 60 million which shows that the social media community
has changed. If you would asked 4 years ago if a sitting president would be
posting on social media, the answer would be ‘no.’ There would have been tons
of legal analysis and blog posts stating the rationale for a President to not
engage However, in 2020, despite impeachment hearings, Trump is posting regularly.
All in all, Trump has successfully won the Presidential election
despite personal and financial woes. I think that has a large part to do with
his branding, legal team, and social media engagement. Please don’t this post
as a support of Trump, but as a different view of 45th President of the
United States of America.
~ Attorney Ronnie
O’Brien Rice, Ph.D.
Twitter: https://twitter.com/getricenow
Instagram: https://www.instagram.com/getricenow
Facebook: https://www.facebook.com/getricenow
LinkedIn: https://www.linkedin.com/in/ronnieorice
YouTube (weekly post): https://www.youtube.com/user/RonnieORice
References:
Wang, Jennifer (March 20,
2017). "From
Manila to Hawaii, Meet The Licensing Partners Who Paid Trump The Most". Forbes. Retrieved May 6, 2017.
Lee, Michelle Ye Hee (August
26, 2016). "How many
Trump products were made overseas? Here's the complete list". The Washington Post. Retrieved May 17, 2019.
Anthony, Zane; Sanders,
Kathryn; Fahrenthold, David A. (April 13, 2018). "Whatever
happened to Trump neckties?
Williams, Aaron;
Narayanswamy, Anu (January 25, 2017). "How Trump
has made millions by selling his name". The Washington Post. Retrieved December 12, 2017.
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