Posts Tagged ‘advertising failures’

Social Media or Social Media Marketing? Which are you better at?

Wednesday, September 1st, 2010

There is a BIG difference.

As a lot of my friends know that several weeks ago I was in a shoe shopping mood.  I put it out on Facebook for some suggestions of where to go, knowing all along where I was most likely to go, but still wanted to see what people would suggest.  Here’s how it went:

Retailer #1- I spent 15 minutes trying to find someone to offer assistance. The only employees to be found were behind checkout counter with a long line. I left frustrated.

Retailer #2- I walked into a store that looked like hell’s storage room (or my teenage son’s bedroom) with deep piles of shoes that hadn’t been restocked, used footies, etc. I left disgusted.

Retailer #3- I finally went to Nordstrom at SouthPark Mall.  As always, the store was clean and well staffed. I got attention and helpful assistance from a sales associate and guess what— I bought shoes.

Here’s the thing— Retailers #1 and #2 are plotting social media marketing success. They have “Join us on Facebook” links on their home pages — one has 500,000 fans and the other has 1 million. They’ve enabled their catalogs with social tools so that site visitors can share products with their social networks.  They run social promotions including online events and sales. And they spark engagement around fashion trends and scintillating discussion starters, such as “Pick your preference: black or brown shoes?” Or—one of the companies actually has a “build your own custom shoe” where you pick the colors, patterns, etc.

But what good does this all do if these retailers fail to provide the sort of real-world experience that get people saying positive things?

While tools customers can use to post material to social networks are helpful, what matters more are experiences that inspire people to engage with and about the brands in social ways. I don’t think it is any coincidence that since the recession began in December 2007, Nordstrom’s stock (JWN) is down just 10%, while the stock of the other two retailers is down between 30% and 50%. And while Nordstrom has fewer Facebook fans than the other two retailers, it has more fans-per-location based on it 193 stores. Nordstrom succeeds at both social media and social media marketing.

The difference is not found on Facebook or Twitter, but in the ways companies are led. Marketing leaders that only focus on messages in social channels but fail to attend to how the brand is realized in actual product and service experiences may succeed with social media marketing but fail miserably with social media.

How are you doing?  I’ll follow up this article next time with another example to further clarify.  In the mean time, if you have questions or comments, please leave them here or give us a call!

What Are You Trying to Make Happen? And How Will You Measure Progress?

Wednesday, August 11th, 2010

“When you don’t know where you’re going,
any road will get you there.”
- Cheshire Cat, Alice in Wonderland

Violent crime in America declined each year from 1993 to 2004. Then just about the time the iPod became popular in 2005, violent crime began trending upward.  CONCLUSION: iPods cause violent crime. Or at least that was the conclusion of a 2007 report published by The Urban Institute, a research organization based in Washington. (no, really.)

Poor advertising strategies stem from just such logic: “Since one event precedes another, the first event must be the cause of the second.” This fallacy of logic is so common it has a Latin name: Post hoc, ergo, propter hoc, “after this, therefore, because of this,” referring to the mistaken belief that temporal succession implies a causal relation.

Most business owners look around, observe their circumstances and then try to make sense of it all. Their thoughts and plans are guided by what they see. But any scientist will tell you correlation and causation are not the same thing.

Don’t tell me what you see. Tell me what you want to see. “What are you trying to make happen? And how will you measure progress?” When I ask these questions, most business owners stammer, stutter and hedge, then change the subject by asking a question of their own.

I usually ignore that question and ask, “How am I supposed to help you make something happen when you can’t tell me what it is?”

How many of your actions are actually reactions triggered by circumstances? Are we allowing the merely urgent to set aside the truly important?

Do you know what you’re trying to make happen? Can you tell me exactly how you plan to measure progress? The shortest distance from Point A to Point B is always a straight line. The best marketing strategies begin by drawing a straight line from Where We Are Today to Where We’d Like To Be Tomorrow.

No stack of dollars can be your lighthouse. Dollars are merely a byproduct. Money fails as a compass because it can be found in every direction.
Where do you want to be tomorrow?

Good. Now let’s get started.

A quick word about the competitive environment

Monday, October 12th, 2009

icearrow“Rainy days and Mondays always get me down”– or at least they did Karen Carpenter as I grew up hearing her sing the song.    Today is Monday and it’s pouring rain.  I’m actually writing this blog article to waylay my having to go out and get wet delivering some printing jobs to clients.  In my mailbox this morning I found a short email about competition.  It conveyed some simple thoughts.  See what you think about them.

  • “How good am I?” is the second question that every business owner must answer. “How good are my competitors?” is the first.
  • Like it or not, your competitors set the height of the bar you must jump.
  • It’s a weary old saying, but true, “In the land of the blind, the one-eyed man is king.”

And as venture capitalist I knew once told me, “We learned quickly that the most important predictor of success is determination. At first we thought it might be intelligence. Everyone likes to believe that’s what makes startups succeed. It makes a better story that a company ‘won’ because its founders were so smart.  But while it certainly helps to be smart, it’s not the deciding factor. There are plenty of people as smart as Bill Gates who achieve nothing.”

So, essentially making money is easy:

  1. Sell what people want to buy
  2. Offer it at an attractive price
  3. Occupy a high-visibility location
  4. Wave your arms and draw a crowd

Maybe you can’t have all of those, but I have never seen the combination fail.  Need some help?  We’re here.

How Your Management Handles Your Brand

Wednesday, July 22nd, 2009

bicManagers of strong brands appreciate the totality of their brand’s image–that is, all the different perceptions, beliefs, attitudes, and behaviors customers associate with their brand, whether created intentionally by the company or not. As a result, managers are able to make decisions regarding the brand with confidence.

If it’s clear what customers like and don’t like about a brand, and what core associations are linked to the brand, then it should also be clear whether any given action will dovetail nicely with the brand or create friction. (more…)