Posts Tagged ‘brand loyalty’

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.

Already have an agency relationship?

Tuesday, November 10th, 2009

sanaa, zollverein kubus, 2003-2006
Photo by seier+seier+seier
A lot of people are looking for change right now. If you currently work with an advertising agency, spend just a few moments thinking about the following questions and your responses to them.  We believe that any answer you may have that equals “less than exceeds most expectations” may be an opportunity for a new more productive relationship.  A prospect we’d welcome exploring.

1) Overall how do you rate your agency’s creative team on your business?

2) Does your agency appoint sufficiently qualified creative talent to meet your needs in?

  • strategic creative direction
  • copywriting
  • art direction/design
  • broadcast production
  • print production

(more…)

Measuring Your Brand Effectiveness

Saturday, September 5th, 2009
Brand Measurement

Brand Measurement

How do you measure your business success? Where does your company stand, and where would you like to improve? It’s often about more than financial gains. Consider these seven ways to chart your business success.

1. Gross sales
Most companies rely on a single number to assess success: gross revenue from sales of products or services. But this figure can be misleading, particularly if you have high overhead or other expenses that can distort this snapshot of overall business activities. Calculating your gross revenue over a specific time period is a good place to start, but don’t rely on it as your only yardstick.

2. Profits
Imagine two very different businesses. One business with low overhead and high profit margins. The other is a much larger business with higher sales volume but with an overhead and other expenses that eat up much of the profits. Both companies end up with the same net profit. Which is the more appealing business? I argue that it’s the lean and nimble firm, one that drives profits while steering clear of the complexities that so often drain the management of a larger enterprise. Remember, at the end of the day, it’s net profits — not gross dollars — that really matter. (more…)

Integrated Marketing Communications

Wednesday, July 22nd, 2009

headerAt its most basic level, a brand is made up of all the marketing elements that can be trademarked– logos, symbols, slogans, packaging, signage, and so on. Strong brands mix and match these elements to perform a number of brand-related functions, such as enhancing or reinforcing consumer awareness of the brand or its image and helping to protect the brand both competitively and legally.

Managers of the strongest brands also appreciate the specific roles that different marketing activities can play in building brand equity. They can, for example provide detailed product information. (more…)