Posts Tagged ‘advertising’
The problem with being cheap is that once you start, your competitor will likely play the same game. 90-days later you’ll find yourself as a profitless commodity.
Cheap is a lazy way out of the battle for consumer awareness.
Why do some customers focus so much on price? Because you’re not giving them anything else to think about.
With 84% of U.S. consumers using the internet to determine what they’re going to buy and who they’re going to buy from, having a brand is more important than ever.
Isn’t it true that in every market measured, the leading brand, the one with the highest positive name recognition, has a huge advantage over the others? Whether it’s Honda, Nike or Tide Laundry Detergent, a lot of benefits go to the brand that wins.
Branding is not about getting your target market to choose you over the competition, it is about getting consumers to see you as the only one that provides a solution to their problem. The great success stories are not the companies that did what others did, but a little cheaper. They are companies that decided to do things a whole lot differently. Don’t just think better. Think different and establish your brand.
Written By: Kristen Roberts
What have we been saying? In today’s advertising and marketing, TRUTH SELLS. Here’s one more great example. Domino’s profits have just reached an all-time industry mark due to their radically transparent “Oh Yes We Did” campaign about their pizza being, to put it lightly, less-than-the-best.
Domino’s ran commercials and print ads admitting its old pizza sucked. It then introduced a new recipe by showing it to its staunchest critics. It continued the transparency theme by encouraging customers to alert Domino’s when the pizzas they ordered were not up to par. With today’s instant media exposure thanks to Flips, G4 iPhones and good old fashioned video cameras, you can imagine how many Domino’s Pizza haters uploaded their less-than-par pizzas to YouTube.
Russell Weiner, Domino’s CEO at the time the campaign launched, said he was pretty scared but still willing to risk the company’s reputation. “You’re a 50-year-old pizza company with 5,000 stores out there, these guys first tell you to go on air and say your pizza sucks, and then go out there and show how crappy it’s made,” he said. You wonder if Russell Weiner would have taken such a risk if he were not planning on leaving soon after the campaign launched. But after all, whatever happened with the campaign – and the company – would be his legacy, too. Lucky for everyone, it was working well enough that incoming CEO, Patrick Doyle, continued to support the effort with equal gusto.
How does one of a million “New and Improved” campaigns that today’s consumers are numb to have such dramatic success? By shocking people with its honesty and transparency that exposed Domino’s humility and possibility of failure. Patrick Doyle admitted that, if they fail at this endeavor, it could most likely be the end of Domino’s. Year-to-date, same store sales just exceeded 12%. That’s a new record in the pizza business.
Look at your company. Are you even capable of being transparent? If so, are you willing to market your company as flawed, but humble and honest? Most business owners reading this think we’re crazy. But remember, people don’t trust most advertisements. If you can’t get your message past this initially huge roadblock, maybe you’re wasting your money advertising. If, on the other hand, you’re willing to offer your customers some radical transparency, you’ve at least got a shot at breaking through that tough core of consumer mistrust. And when consumers trust you, they become your advocates.
Are you willing to at least think about what it would take? It might not be as scary as it sounds. It’s the way things are going, and getting there first while doing it right could mean an awfully big increase in market share. Something to ponder, eh?
For business owners still trying to figure out why their company should use a Facebook Page for marketing strategy, here’s one great reason. According to a recent Mashable article, the average Facebook user who “Likes” your page has more than double the average number of friends. In social networking math, this means your name/brand/offer has more than twice the chance to be seen thanks to avid Facebook “Likers”. In fact, remember good old math problems like what does 100 squared equal? Yup. That’s the power of the “Like” button.
Facebook reports messages from publishers saying that when these users visit your Facebook Page and your website, “they are more engaged and stay longer because their real identity and real friends are driving the experience through social plugins.” As an example, NHL.com reported that pages per user was up by 92%, time on-site was up by 85%, video viewing increased by 86% more videos and overall visits went up by 36%.
For businesses still holding back from developing a Facebook Page, we suggest you stop asking why and start asking how. How can you turn your Page into a secondary website for your business, with plug-ins and content that your audience will stick around to read and interact with? How do you build a Page that can show up high in Search Engine results? And how do you get your target audience to complete whatever transaction your business needs via Facebook?
It’s happening every day with Facebook Pages like Sears, Ford, Target and even small businesses like Bubbles Car Wash and Wahoo’s Fish Tacos. Remember, these days people want to engage with businesses. They want to like you, but it’s your responsibility to give them the reasons why they should. The days of success revolving around the largest share of voice, the lowest price, or the longest running business success story are coming to an end. Fine tune your target audience down to where they “hang out” on line, learn what they want to hear from you, then give them something to talk about (hopefully good!). If you do it right, you’ll see the only button more powerful in the online world than “Like” is “Share“.
What’s the best way to win advocates for your brand? TRUST. What’s the best way to win trust? Be helpful. What’s the best way to be helpful? Give consumers useful information they wouldn’t expect to get free. Information that will save them time, save them money, make them smarter, make them happier, make them feel better about themselves – and you.
Since its inception, the Nordstrom brand has centered around being helpful, right? Like a phone call telling you they remembered you were looking for shoes to go with the suit you bought last month, and they just got the perfect pair in. Or how about the American Express openforum.com, a free website with tons of information that claims huge success in helping business owners succeed. Oh, and its content contributors are donating their brains and talent at no charge to American Express.
It’s easy to talk about big brands like these, but how about the success some smaller brands are enjoying due to their helpfulness? Like Kellogg Garden Products, with a website full of gardening tips from soil calculators to fun kid gardening activities. Their website Analytics show a huge percentage of visitors time being spent on the pages they’ve built simply to be helpful, and their brand recognition confirms this.
Big or small, these brands understand they must give in order to receive. Paying it forward may end up being the most successful marketing mantra for the 21st Century. The question is, is your brand ready?
Catchy headline, eh? And what does it have to do with the gift card photo? Everything.
Here’s a quick example. I just had a small family owned air conditioning and heating company, Fisher Air, come out to my house to service our heater (yes, we still use them sometimes in Southern California). They showed up on time, did a nice job, and charged about $75.
Three days later we get a thank you card in the mail with a really nice, credit card quality, $50.00 gift card for their services. But it wasn’t for us. It was to give to a friend or neighbor. And, they noted in the thank you card, when our friend or neighbor uses it, Fisher will send us another one for $100.
Since I already had a feeling of TRUST with the company, I didn’t see this as a scam. I saw it as a genuine effort for a small business to build quality relationships with their customers. So maybe they’ll give up $150 in labor to retain our business and earn another household’s. But how much word-of-mouth (and mouse) might they get in return? A lot more than $150. And a lot more than a $150 ad in some local circular. But remember, they had to have a QUALITY PRODUCT for me to earn their TRUST. And their product was integrity, honesty, kindness, knowledge, efficiency and, oh yes, a reasonable price.
So, you want to save money advertising? Give your customers a gift they didn’t expect. Don’t be cheap. Make it count.
It’s only Tuesday and it’s already been an interesting week. Depending on what news you listen to or read, the economy might be in store for a “good-but-not-great-and-certainly-cash-not-credit” holiday shopping season. With Black Friday just around the corner, this TED talk by John Gerzema of Young and Rubicam seemed like a timely 16-minute video to show my staff today. So I thought I’d pass it along here. John has a great background in consumer behavior and advertising, along with being co-author of a terrific new book, The Brand Bubble.
