Thursday, July 30, 2009

A lesson in Branding, again...


I told you in a past post that stealing is not always a bad thing. http://knoxvillemarketing.blogspot.com/2009/05/steal-and-succeed.html
This is an article from Phil Bernstien's blog, who got the article from the Wall Street Journal:
Branding Still Has Value
June 28, 2009 ·
Branding’s gotten a bad rap lately. In an economy that has made marketing money increasingly difficult to come by, it’s not unreasonable to want a measurable return from every single dollar invested.
Because branding campaigns generally don’t have a measurable response mechanism — or even an offer to respond to — it’s easy to conclude that they don’t have any effect.
Sometimes they don’t.
And sometimes, a paragraph like this one jumps out of a Wall Street Journal article:
On a recent afternoon, at a supermarket in Chicago, Laura Gilligan confronted a salad-dressing aisle filled with dozens of varieties spread across two dozen brands. After staring for nearly a minute, Ms. Gilligan, a computer-company manager, chose Kraft Foods Inc.’s cucumber-tinged light ranch. “There’s too many choices,” she said. “I just went with Kraft because I know Kraft.”
What caused her to choose that dressing? It wasn’t a coupon, or a direct-mail pitch, or an email, or a pay-per-click ad. Kraft will never be able to figure out what “worked”.
And yet, something did. Faced with “dozens of varieties spread across two dozen brands”, shoppers often just grab something familiar and throw it into the cart.
What “worked” was the years, and dollars, that Kraft invested in building the Kraft brand.
This doesn’t mean that the direct-response advocates are wrong. But they aren’t completely right. Even in today’s economy, there’s real, tangible value in good branding.

Thursday, July 2, 2009

A Wedding Commitment

I was thinking about a way to brag about my new marriage, and still make it marketing related.
Well.... I'll give it my best shot!
During the ceremony the Reverend said one line that has stuck with me since. He said "It's not about choosing the right partner, it's about being the right partner."
How this relates to marketing is: Think about one of your partnerships. If you know the other person in the partnership has faith, confidence, and wants you to succeed, won't that make you work that much harder for success?
It's that way with your advertising partner (your account executive). Your account executive wants your advertising to produce results and be successful. Have confidence and work together with your marketing partner to help ensure success. This is much better than trying to constantly threaten to cancel, look elsewhere for lower rates, or fire them for the next "hottest" thing out there. In contrast to my Reverend, there is something to be said about at least choosing a partner that does make sense for you, then working together with that partner on reaching your mutual goals.

PS. Nicole and I got married last weekend back in Wisconsin. Had a great outdoor wedding at my parents home. We are leaving for 7 day cruise in the Bahamas next week!!
Thanks to all the congratulations I have received thus far.

Glass Analogy for Advertisers

Most clients spend a little bit of money (water) in a lot of different places (glasses.)Of course there is a good reason for each one of these marketing glasses. Unfortunately, they are only putting a little bit of money (water) in each glass. This keeps you message “muffled” with the other 2,000 marketing messages seen daily.Clients have found if they take the money they have been putting in their 8-10 glasses and put it only 2-3 glasses the impact is soars. The reason for this is now you are “owning the audience” and being top of mind with the glasses that you are filling.The first dollars that you put into the glass do little. It is the last bit of water you put into your full glass that generates the most results!