Every entrepreneur experiences setbacks… Markets crash. Key team members leave with your biggest accounts. There are supply-chain snaffus, natural disasters, and now, a novel virus that slams the door on a robust economy.
It’s hard, but this is when your branding efforts can really pay off.
All the work you’ve done over the years to stay visible and be a responsible, authentic brand will pay off in spades when times are tough.
Don’t get me wrong… I’m not saying that a nicely designed logo is going to make you magically immune from the business fallout of the Corona virus. (Logo is NOT synonymous with Brand and everyone will be affected)
I’m just saying that iconic brands are going to be more insulated — and more likely to survive — than the companies that haven’t been paying attention to branding.
This is a time of unprecedented uncertainty, and when people are unsure, scared or threatened, they want to be comforted.
It’s human nature.
We cling to what’s familiar, and we want an escape from the UNknown. We narrow our choices dramatically and don’t entertain new options. We buy Campbell’s soup and make grilled cheese sandwiches. We re-watch lighthearted TV shows from by-gone days to make ourselves feel grounded. Better.
So being known — ie. maintaining top of mind awareness during good times — is crucial in this situation. The best brands know this, and maintain a presence all the time. In good times and bad. They don’t wait for disaster to strike, they’re communicating with people all along. That’s what breeds fondness and familiarity,
If you’ve been invisible in your market you need to be very careful about launching a knee-jerk reaction ad campaign right now. Especially if your ads start with “now, more than ever…”
Now, more than ever, you need a new Kia.
Now, more than ever, you need to refinance your house.
Now, more than ever, you need a financial planner.
Now, more than ever, you need a lot of Kirkland brand toilet paper.
We saw thousands of fill-in-the-blank ads like that during the crash of 2009, and the same thing’s beginning to pop up on social media, in email campaigns, and on the airwaves. Cliches like that are NOT going to help your brand. They just add to the clutter and fuel the fear. So if you are going to run advertising during a crisis, it better be a complete departure from that.
So this is a good time to step back and re-evaluate the tone, content and context of your brand messages.
Advertising during a crisis should not be business as usual. It makes for bad optics.
Take Kia for instance, the automotive king of “yell and sell” advertising. They’ve established clear leadership in top-of-mind awareness, but it would probably be wise for them to stop running their current advertising that screams “Credit, come and get it.” “Credit, come and get it.””Credit, come and get it.”
More debt is the LAST thing people need right now. Sometimes the best ad strategy is knowing when to shut up!
It’s almost as bad as running TV spots for a “fire sale” when there are forest fires burning all over the West. It sounds dreadfully callous, given the current state of affairs. (I wonder who decided that predatory lending practices should be a key brand attribute for Kia, but that’s another issue entirely.)
Any advertising that attempts to capitalize on the world’s misfortune will be seen for what it is: Cheap profiteering. If you’re not careful, the public will forever associate your brand with the outbreak of 2020 and will never buy into any messaging you attempt in the future.
But when it’s done well, advertising during these “slow” times can help you reach more people and solidify relationships. Media consumption is up, while most companies are pulling back, ducking the exposure.
So if your message is human, heartfelt and kind you have a real opportunity to differentiate yourself. (And ad rates are lower than normal!)
But you can’t pull a Kia-style hard sell. In fact, you shouldn’t sell at all. This is not the time to persuade, it’s the time to reassure without asking for anything in return. Just stay aligned with your brand brand values and communicate what’s important, right now.
This is new territory… even the most hardened business veterans haven’t faced anything quite like this. It’s going to leave a mark on us all, if not a festering wound.
So I’m not going to serve up platitudes like “It’s going to be okay” or “This too shall pass.” I’m sure as hell not going to say you need more advertising during a crisis or “now more than ever you need a branding firm.”
But I will share one of my favorite sayings… it’s an old Japanese proverb:
“Action is the antidote for despair.”
Do something. But stay safe.
If you don’t know how to proceed and would like some advice, even for the short term, give me a call. We can do a quick assessment and help you devise a smart response to all the mayhem.