Category Archives: Helpful Hints

The Smartest One In The Room

We all like to believe that we’re smart.  I always used to ask that as an interview question of potential employees – “are you smart?”  No one ever said they weren’t and I certainly wouldn’t have expected them to.  Me?  I sometimes feel as if I’m not the smartest guy in the room even when I’m alone.

I bring this up today because I came across a study that I found interesting and thought you might as well.  It’s about how we evaluate one another as well as how we represent ourselves (hence the above interview question).  It’s in the Journal of Personality and Social Psychology which I don’t make a habit of reading but the study popped up in my news feed.  Here is the abstract:

When people seek to impress others, they often do so by highlighting individual achievements. Despite the intuitive appeal of this strategy, we demonstrate that people often prefer potential rather than achievement when evaluating others. Indeed, compared with references to achievement (e.g., “this person has won an award for his work”), references to potential (e.g., “this person could win an award for his work”) appear to stimulate greater interest and processing, which can translate into more favorable reactions. This tendency creates a phenomenon whereby the potential to be good at something can be preferred over actually being good at that very same thing.

In other words, we much prefer hearing job candidates talk about how they are empty vessels capable of greatness than about how many deals they’ve closed.  I think that’s why I used to ask the “smart” question – it gets to a candidate’s potential.  The thing is that the raw intelligence – the potential – has to be married to a respect for the intelligence of those around you.  No matter how smart you may be, you need to seek out people smarter than you are to keep yourself growing.  If you can’t find an individual, the odds are that the collective wisdom of co-workers and peers can serve the same purpose.

You think that’s smart?

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Looking For An Untapped Market?

Have you ever taken an online survey? Many of them begin with some sort of demographic screening (after they ask you if you work for a research or marketing company). I always shake my head when I get tossed out of the survey (“Thank you but we are looking for respondents with other characteristics”) after I give my age. Once one is over 50, we disappear to most marketers and that’s dumb.

My thinking is confirmed by a study from the Nielsen folks called “The Most Valuable Generation.”  You can register and get the report here.  Some of the findings about we Boomers, born between 1946 and 1964, are that we account for:

There are a number of other findings about our brand loyalty (same as other age groups), online shopping (we do a LOT of it), social media use (a bit behind but catching up fast) and premium travel (we’re 80% of it).  The reason I’m bringing all this up is the head-shaking number:

5%.

That’s the percentage of CPG advertising that’s geared to Boomers (who buy 50% of the product).  It’s a huge opportunity for someone.  As an article on the report summed up nicely:

Boomers are the most valuable generation in the history of marketing and they are too valuable to ignore, concludes the report. The numbers on Boomers are big, and they add up to something that is very compelling.

So if you’re a marketer, are you going to listen to the facts and take advantage of an opportunity or are you going to let some bad targeting habits continue?  Your call!

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Your Name Here

Let’s end the week with some Foodie Friday Fun on beverages.

A logo used, and trademarked, by PepsiCo for M...

(Photo credit: Wikipedia)

You might have seen an announcement that Mountain Dew was adding another product. They added something called Johnson City Gold, which is a malt-flavored addition (Olde English for the younger set?) to the line. However, according to Food Business News the Johnson City Gold product name may be short-lived. As part of the test market introduction, the company is running a contest to establish a new brand name. Sound familiar?

It should. There was another contest recently called “Dub The Dew” which elicited such fine names for a new green apple-flavored soda as “Diabeetus,” “Gushing Granny,” and “Moist Nugget.”  This is what can go very wrong in these days of a marketing department of millions.  A noted hacker group hijacked the contest (with pretty hilarious results) and Pepsi, to their credit, admitted in a tweet that “Dub the Dew definitely lost to The Internet“.  Ya think?

I admire the Pepsi folks for letting their customer at Villa Fresh Italian Kitchen (the local guys who actually ran the contest) give it a try.  I’m also a big fan of a well-executed practical joke.  This wasn’t the first time an internet-based naming program had gone terribly wrong.  It probably won’t be the last.  There’s a lot of good sentiment in wanting to listen to your customers, but remember that your customers in this case are a younger demographic, just the sort that thinks the creation of a new internet meme is way better than the creation of a new brand.

Maybe the promotion succeeded – after all, I’m writing about it as have many others.  Is any PR good PR?  Maybe so in this case – it’s all pretty harmless fun.  But it might be neither fun nor harmless the next time, and thinking about that balance between welcoming the crowd into the conversation and controlling the message is an important part of marketing these days.

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