Category Archives for "Tactical Marketing"

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Catching frogs and campfire songs — A branding lesson from summer camp

BNBranding logoRoll up the sleeping bag. Pack the bug spray and the spf 50. It’s time for camp… an annual summer ritual for parents and kids alike. It’s also a life experience chock full of useful branding lessons.

Every year, when I part with my kids for two weeks, the memories of summer camp come flooding back.

Like the lyrics of my favorite old campfire song:

There’s a hole in the bottom of the sea.
There’s a hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea. 

There’s log in the hole in the bottom of the sea.
There’s log in the hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea.

There’s a knot on the log in the hole in the bottom of the sea.
There’s a knot on the log in the hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea.

BNBrThere’s a frog on the knot on the log in the hole in the bottom of the sea.
There’s a frog on the knot on the log in the hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea.

There’s a wart on the frog on the knot on the log in the hole in the bottom of the sea.
There’s a wart on the frog on the knot on the log in the hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea.

There’s a hair on the wart on the frog on the knot on the log in the hole in the bottom of the sea.
There’s a hair on the wart on the frog on the knot on the log in the hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea.

There’s a germ on the hair on the wart on the frog on the knot on the log in the hole in the bottom of the sea.
There’s a germ on the hair on the wart on the frog on the knot on the log in the hole in the bottom of the sea.
There’s a hole, there’s a hole, there’s a hole in the bottom of the sea.

So what’s what’s that silly old song have to do with branding? Where’s branding lesson in those lyrics?

The germ on the hair on the wart on the frog is your logo. Its just one, teeny-tiny eentsy-weentsy part of a much bigger branding effort.

Don’t let anyone tell you differently. A new logo mark does not constitute a “branding effort.” Logo and Brand are not synonymous.

If it’s done well, your logo is a graphic reflection of your brand, but it’s just one small part of your branding effort. That’s the branding lesson here.

Branding is everything you do in business that might effect the perception of your company.

It’s the words you choose that go with your logo, or on your website.

Branding is the people you hire, the vendors you choose, the values you hold dear, the marketing tactics you deploy and the companies you affiliate with.

Branding is more than just the images you show. There’s also an audio component of branding that’s often overlooked… the music you play in the office, the sound effects you use in commercial, the script for answering the phone.

Like it or not, everything matters.

Here’s another branding lesson that I picked up at summer camp: Creative names, colorful flags and house identities.

Camp Wannigan. Yes, I wanna go again.

Camp Waziyatah.

Camp WeeHahKee

Camp Funnigan. (I named that one)

Branding lesson from BNBranding

Each rustic old A-Frame cabin within my camp had its own designation. We were gophers, ravens, wildcats, badgers or whatever animal that seemed to fit. Even slugs.

These days, summer camps have become very specialized. That’s another good branding lesson… The camp leaders figured out that they couldn’t be all things to all kids, so they narrowed their focus.

There are canoe camps, music camps, space camps, water sport camps, tech camps and camps for any interest under the sun. By catering to very specific interest groups, they have way fewer incidents where the parents have to drive out and fetch a disgruntled camper just a few days into the experience.

Branding also means giving up something.

Design firms will go to great lengths to deliver a beautiful new mark and type treatment for you. They’ll devise extravagant reasoning for their graphic solution, and it’s usually a huge visual improvement.

But that’s as far as it goes.  All the other components of branding — the bigger issues —  are left to the client to handle.

From a broader, business perspective, logo design is but a speck on the pimple of that frog. Like one song in a lifetime of campfires. Some stick, but most are quickly forgotten among the overall experience.

So don’t kid yourself. That new logo isn’t going to make up for mediocrity in other departments, like customer service. It’s not going to plug the gaping hole in your operations or compensate for a crummy, me-too product.

BNBranding use long copy to be authenticActions speak louder than logos.

It’s what you do as a company, and what you believe in, that make a brand. Not just how your logo looks reversed out of a dark background.

So if you’re thinking of redesigning your logo, I suggest you look a little deeper than just the design exercise. Take the opportunity to assess every aspect of your business, and ask yourself this? Am I seeing the bigger brand picture, or just the germ on the hair on the wart on the frog?

For more on logo design vs. branding, try this post.

For a more wholistic approach to branding, give us a call.

BNBranding's Brand Insight Blog

1 Pepsi logo redesign – A new spin on the Pepsi logo.

The Pepsi logo redesign is generating hives of buzz in branding and design circles. It’s not surprising… whenever you start messing around with one of the world’s most recognized commercial icons, people are going to talk.

image_pepsi_newcan1But it’s not like grocery carts are piling up in the beverage isle while soccer moms wax eloquent about the new design aesthetic. The general public could care less. Nope, the initial armchair quarterbacking was limited to graphic design forums and beverage industry trade pubs.

“I love it.”

“I hate it.”

“It looks like the Obama logo.”

“It’s not young enough.”

“It’s static, empty and vaguely bland.”

“It’s demonic brainwashing.”

All the usual responses to a major branding makeover. But now, since the “rationale” for the new logo is circulating on the web, the debate has taken on a viral life of its own.

The 27-page design brief for the Pepsi logo redesign entitled “Breathtaking” reads like a scientific white paper loaded with marketingese and unprecedented levels of highly creative BS. In fact, Fast Company Magazine called it branding lunacy…

“Every page of this document is more ridiculous than the last ending with a pseudo-scientific explanation of how Pepsi’s new branding identity will manifest it’s own gravitational pull.”

The L.A. Times was equally critical:

“Behold, then, the scattered and burning debris field of one of corporate America’s most misbegotten image makeovers… According to the brief, the new Pepsi logo lies along a trajectory of human consciousness that includes in its arc the Vastu Shastra, a 3,000-year-old Hindu architectural guide; Pythagoras (the Golden Section); the Roman architect Vitruvius; the Fibonacci series; Descartes; and Corbusier.”

Oooookay.

(Kinda reminds me of the rationale used to justify an empty blue rectangle for the Nationwide Insurance Logo. But in this case, the design itself isn’t that bad.)

Maybe the controversy is what the design firm, Arnell, had in mind all along. There’s talk of the whole thing being a hoax, that Arnell created the document after the fact just to poke fun at their critics and generate media attention. If that’s the case, the stunt has backfired, big time.

The brief makes Arnell look like corporate bandits, it makes Pepsi look bad for buying into the rationale, and it discredits the entire branding industry. It’s hard enough to get C-level executives to take branding seriously, without this kind of nonsense floating around.

Great design speaks for itself. You don’t need a physics thesis to explain it. It just works.

My 11 year-old daughter likes the new Pepsi logo redesign. (Says it makes her happy.)  And now that I’ve read the exhaustive brief, I know why…

pepsi-happy-facesIt’s a smiley face.

An overanalyzed, underwhelming, million dollar smiley face. It even comes in a variety of grin sizes. (Apparently regular ol’ Pepsi gets a smaller grin than the newer versions of Pepsi, like Pepsi Max. Whatever that is.)

Pepsi’s going to spend more than a billion dollars redoing all their packaging, vending machines, trucks, POP materials and everything else. The new logo’s going to be EVERYWHERE!

So I’m kinda glad Arnell changed the old wavy logo into a smiley face. I’m just not sure about their methods.

For more on corporate rebranding and logo design, try this post. 

BNBranding's Brand Insight Blog

4 The heart of personal branding.

BNBranding logoPersonal branding is a hot topic these days. Seems a lot of people are rethinking their options, reevaluating their skill sets and reinventing themselves completely.

An advertising executive goes back to school and turns to teaching. A mid-level manager becomes a business owner and establishes a new personal brand.  An accomplished professional rebrands himself as a resort-course caddy. The transitions are dramatic.

Career paths don’t follow the comfortable, upward path of our fathers. They zig and zag all over the place, often rising radically for a period of time, only to plateau, fall, and rise again. It’s the natural order of things, these days. Much more natural than the old, corporate model of life-long employment.

In “Re-Imagine,” Tom Peters says the average career will encompass two or three “occupations” and a half dozen or more employers. A job for life is being replaced by a gig for now. Instead of working your way up the ladder you have to leap your way across changing terrain.

personal branding BNBrandingIt’s a free-agent nation and Tom Peters is a good role model.

When Peters wrote his first book he was toiling away in a small, west coast office of the world’s largest consulting firm. His peers didn’t think the project would amount to anything. In fact, they laughed when Peters suggested he keep the royalties on sales over 50,000 copies.

It sold more than six million copies and established Peters as a rock-star among management gurus. Since then, he’s published a dozen books and transformed himself into a multi-million dollar brand. His fee for a keynote speech: $80,000.

Peters has made millions with his speaking engagements, consulting jobs and publishing contracts. He could retire, or rest on his laurels. Instead, he’s reinventing himself yet again as a blogger.

In a recent interview with Seth Godin, Peters said, “No single thing in the last 15 years has been more important, professionally, than blogging. It has changed my perspective, it has changed my intellectual outlook, it’s changed my emotional outlook, it has changed my life.”

For Peters, blogging is much more than just another marketing tool. It’s a new skill that helps keep him sharp, and his personal brand relevant. I like Peters because he’s a bit of a rebel. He’s not afraid to call a spade a spade, he loves branding, he’s a great communicator, and he appreciates the power of good design. Our brands are strikingly similar.

I used to think if I just kept reinventing myself I’d get it right someday. Obviously, I was missing the point. It’s not the outcome that counts, it’s the process of reinvention that bears fruit. There is no right or wrong in the process of reinvention.  As long as you’re learning and growing, it’s all good.

The chapter on branding in  “ReImagine” is a must-read…

“Branding is not about marketing tricks,” Peters said, “it’s about answering a few simple (and impossible) questions…

Who are you?

Why are you here?

How are you unique?

How can you make a dramatic difference”

Bottom line: “Branding is ultimately about nothing more (and nothing less) than Heart.”

Whether it’s a giant corporation or your own personal brand, if it doesn’t have heart, it’s not going to be a successful brand.

Southwest Airlines has heart, and it’s demonstrated humorously on every flight.

Bono has heart, and it comes through in his music.

What is the heart of your personal brand, and how can you demonstrate that in your work?

That’s the crux of personal branding.  If you can define what you’re passionate about and then demonstrate that passion on a regular basis, you’ll have a successful personal brand.

And no matter how many times you reinvent yourself, the heart of your brand will still be true.

BNBranding's Brand Insight Blog

6

Marketing for financial advisors – beyond gift baskets

BNBranding logoIt was one hell of a gift basket, piled high with a delicious assortment of treats… Not unusual for the holiday season, except it came from my financial advisor.

First gift ever from a planner who I’ve worked with for more than 10 years. Apparently, the stock market’s rise inspired her to do a little outreach. That’s one of the problems with marketing for financial advisors… it’s a fair weather affair.  (She stays conspicuously quiet when the market is tanking.)

marketing for financial advisors BNBranding

Her marketing efforts are being driven by outside forces, beyond her control.

Unfortunately, her current clients see the effort for what it is. (Just buttering us up for the bad news to come.) And new prospects aren’t swayed because her personal brand isn’t strong enough to weather the whims of Wall Street.

Her brand has no differentiation and little visibility.

Here’s an example of the typical marketing for financial advisors…

• Monthly Chamber of Commerce breakfast meeting.

• Christmas card to all clients. (Gift baskets are typically reserved for only the top three or four clients.)

• One-page, off-the shelf website, never to be touched again once it’s up and running.

• Annual guest speaker luncheon. (Bring in a so-called “expert” spokesperson, book a room at a local hotel, cater lunch and then bore us to tears. If I wanted to know all that stuff, I’d do my own trading.)

It’s more of a tactical to-do list than an actual marketing plan. There’s no strategy at all. In the past it might have worked… She could get by on her good looks and good news from a bull market.

Not any more. There’s just too much competition on too many different fronts.

Compensation for independent financial advisors is typically based either on a flat fee, or on a percentage of the total assets under management (AUM). If it’s $100 million of other people’s money, they typically make 1% of that. A million bucks gross.

The problem is, when the market “corrects” itself, they might see a 30-40% drop in AUM, so they start scrambling to find new clients.

Choose one main thing BNBrandingMost just ratchet-up their networking efforts, hoping for more word-of-mouth. But it’s tough when they’ve been silent for years.

Some have discovered a new, more lucrative pipeline: Internet-based lead generation services.

Advisors sign up with an independent web directory and they pay only for highly qualified referrals. Very little effort for financial advisors. Very big ROI.

Independent, third-party directories also fill a vital role for consumers: They help simplify  the search and match prospects with a financial advisor who fits.

It’s a vexing decision, choosing someone to handle your life savings. And most financial advisor web sites  have the same, stock-photo look, and the same brochure-style copy. Very, very few have any sort of specialty or market niche.

On-line directories have been done successfully in the education market, travel, real estate,  and the auto industry. So why not financial advisors?

When prospects go on line to research “financial advisors” they begin with Google. But Google can’t sort or organize the category in a helpful way. That’s where directories come in…  they categorize advisors, provide details on specific services and nudge prospects along in the decision making process.

So assuming that you have some sort of specialty or differentiating featues, you can get a steady stream of very qualified leads and search engine optimization you could never achieve on your own.

In this day and age, marketing for financial advisors has to go beyond a static website and a Facebook page.

If you really are an expert financial planner, share your knowledge and your unique insight by writing a blog. Establish a presence for you and your personal brand in places where your direct competitors aren’t.

Do something, ANYTHING, that’s different from what you’ve always done.

Most professionals who run small service businesses believe  networking is enough. But that’s not the case right now for financial advisors. There’s no gift basket big enough for the job ahead. It’s time to start employing some new marketing tactics.

But before you dive in, consider your strategy. Because tactics without a strategy is like a ship with no rudder. For more on Strategy vs. Tactics, try this post.

If you want an idea that will dramatically differentiate you from all the other hungry financial advisors and help you retain clients without the use of lavish gifts, send me an e-mail: johnf@bnbranding.com.

For more info, try this post.

BNBranding's Brand Insight Blog

 

1 waste in advertising - BNBranding's Brand Insight Blog

Just a little trim around the ears — How to cut your marketing budget without hurting your brand image.

BNBranding logoWhen it comes to belt tightening, most marketing managers have it all wrong. The minute the boss gives them the bad news… “gotta cut your marketing budget”  they go straight to the list of tactics and start chopping off the bottom of the spread sheet. Not a smart trimming around the ears, a military-style buzz cut…

how to cut your marketing budget

First thing to get chopped  is  community support… those feel-good event sponsorships that help non-profit organizations but don’t return any discernible ROI.

The next thing on the chopping block is ”image” advertising.” Anything that doesn’t have a coupon or a response vehicle of some kind is out the window.

Brand building, it seems, can wait for better days.

Quite often, the only thing left is nearly-free social media posts and tiny little digital display ads that don’t get seven seconds of attention.

The short-term reaction often leaves companies looking quite bad in the long run.

What’s needed is a more strategic approach to cutting your marketing budget.

Rather than a military barber’s approach to cost cutting, try thinking like a surgeon. First, do no harm. Start by eliminating the marketing messages that are off brand, off target, or both.

In order to do that, you might need a second opinion.

You need more than just the bosses’ orders and one person’s opinion to wisely cut your marketing budget. You need to eliminate dangerous assumptions from the marketing planning process and work with objective criteria of some sort.

So here’s an idea… why not start with an objective assessment of what you’re currently doing? Get a second opinion on your messaging, your media buy and your overall tactical plan.

waste in advertising - BNBranding's Brand Insight Blog

In my experience, it’s often the message, not the medium, that’s the problem…

Print ads say one thing, social media says another and the web site implies something else. Sales presentations go off in one direction, while promotions head somewhere else. Radio commercials, new media, good old-fashioned direct mail… it’s all scattered around with no coherent theme.

So before you do any budget cutting, use the opportunity to think about what you’re saying. Get your message aligned with your strategy. Reevaluate every marketing “touch point” in terms of consistency, clarity and brand worthiness. Then scalp all the wild hairs.

If you can just quit saying the wrong thing, you’ll save a ton of money.

Most marketing managers assume the budget was allocated in a logical manner to begin with. But that’s simply not the case. Most marketing budgets are handed down, year after year, and are based simply on “how we’ve always done it.”  No one ever questions the underlying assumptions.

And you know what they say about ass-umptions.

Here’s an example from the medical profession: Our client, the CEO of a multi-location pediatric practice, was enamored with the idea of “excellence.”  He wanted to build a “pediatric center of excellence” and recruit specialists from all over to “elevate the level of care to new heights.”  Operationally, that’s a great idea, but it was a terrible idea for advertising.

Because the assumption — that the quality of care is relevant to young mothers — turned out to be false. Moms believe that ALL doctors are good doctors. They just want one that they like in an office that’s convenient. So in that case, we started by cutting out all the communications that were focused on the quality of care.

Here’s another example of the messaging process gone wrong. I wrote a post about an ad for Wales Tourism. A classic case of paying a lot of money to place an ad  in Golf Digest that was wrong in both its strategy, and its execution.

As one British reader commented… “Golf Wales is an oxymoron.”  And even if you accept the strategy of selling Wales as a golf destination, the message was all wrong, so cutting that ad is probably the smartest thing they could do.

The fact is, Wales Tourism probably needs a lot more than just a quick trim. They need to rethink the entire hairdo. But who’s going to do that?

truth in advertising BNBrandingAny decent marketing person can buy media that will reach the desired target audience and choose tactics that will drive traffic. But revamping the strategy and nailing down that core brand message is something else entirely.

Strategy and message development are the hardest parts of the job, and unfortunately, many marketing managers aren’t up to the task. And even if they were, many bosses wouldn’t listen.

A well-crafted, comprehensive brand strategy book eliminates that problem and makes cost cutting a lot more logical. It’s like a brand bible that provides guidance and inspiration on every decision. So when push comes to shove, there’s no doubt about what should stay, and what should go.

That’s what my firm does… We help clients flesh-out their brand story and we put the strategy down on paper. Once it’s sold internally — and all the department heads are on the same page — then we help execute on it.

And by keeping that brand book close at hand, our clients eliminate waste and save money, without sacrificing their hard-earned brand  image.

So if you absolutely have to cut your marketing budget, start by reading this post.

BNBranding's Brand Insight Blog