Tag Archives: Marketing and Advertising

November 19, 2014 · 10:53 am

Brand Purpose

I was reading a report on lifestyle segmentation and women when I came across a term that I really like: Brand Purpose. I know – if this is what you read for fun, what the heck does your work reading entail?  In any event, the term comes from the folks at Harbinger Communications and it’s so of their USP – Unique Selling Proposition. They define it thusly:

Brand purpose is the ownable, actionable impact the brand will make on the lives of the target consumers, rooted at the intersection of what the brand offers the world and the consumer’s deepest cares and desires.

There are a couple of things to consider here and I think it isn’t a bad exercise for anyone is business (and, therefore, anyone with a brand) to think about them.  First, what does your brand offer the world?  How is it different from anyone else doing what you do or offering the same type of product or service?  What problems are you solving for your customers?  I’m amazed when I speak to businesses about this how few of them have a very clear notion of the answer to those questions.

Second.  What do you know about your consumer?  You have rams of information at your fingertips about the “what” – what did they buy, what was the average sale, etc.  You might know their basic demography.  But what do you know about their motivations?  What primary research have you done?  What feedback do you get on a regular basis?  The world is no longer “we talk, you listen.”  Brands need to do way more listening than talking.

Finally, how can you “own” the answers to the above?  Can anyone else come in and take your place in the consumer’s mind?  Is your positioning and purpose actionable, or is it just a nice mission statement?  Are you adding genuine value to peoples’ lives or are you just making this month’s sales target?

Something to consider today!

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November 3, 2014 · 1:52 pm

The 40% Chance Of Fraud

If there was a 40% chance that when you bought something you weren’t going to get what you thought you were buying, would you take that risk? I wouldn’t, but apparently many advertisers and/or their agencies do so every day. Ghostery, which is a browser extension I use and would heartily endorse, says its research shows 40% of all URLs in automated ad auctions are masked. What is URL masking? As a recent Ad Age article defined it:

URL masking is often used to trick advertisers into running ads on sites with illicit or stolen content, which tend to generate lots of traffic but little ad revenue. URL masking is also used to fool buyers into thinking they’re buying premium inventory when they are instead getting low quality placements.

Ouch.  Then again, this is just one of the issues that have arisen as programmatic ad buying becomes more prevalent.  As a former TV sales guy, I just don’t get it.  Oh sure – the costs of machines that are supervised by a couple of people is far less than the cost of the number of people required to do the equivalent work.  But look what happens when it’s just machines.

Ask anyone connected with the programmatic ad business what the top three issues are and they should answer:

  1. Fraud
  2. Fraud
  3. Fraud

Traffic generated by bots, ads that are run underneath pages to generate impressions when no one is seeing them, fake sites which spoof domain names that clear buyers’ whitelists because they look like they belong to reputable publishers.   That’s just the tip of the iceberg.  Another big issue is how little of what the buyers are paying actually reaches publishers – middleman upon middleman taking their cut drives revenues to the content creators down.

Putting aside the need for transparency, I’m not a Luddite.  I know programmatic ad buying is an advantageous, time and cost-effective process.  But the machines can’t do everything.  In fact, someone has to understand the business well enough (and all of those bad actors who would seek to steal from it) to program the algorithms.  Someone needs to bring the 40% chance down to 0%.  Someone else has to come up with the next brilliant, breakthrough idea.  It won’t be a machine.

You?

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October 21, 2014 · 12:39 pm

Whistling In The Dark

When we’re afraid of something but want to put on a brave face, we’re said to be whistling in the dark.  I suspect that many marketers are, or should be, doing exactly that.  It seems, you see, that the level of mistrust of what brands are putting out there is so high that a significant portion of online users trust a stranger’s opinion on public forums or blogs more than they trust branded advertisements.

source: images.jupiterimages.com

The Forrester folks found that nearly a third – 32% – of people feel that way.  One response, therefore, might be to consider a shift to content marketing.  As I’ve written before, since much of that sort of marketing is what one might term “sneaky” I think it compounds the mistrust situation.   Maybe the right answer is to find and engage brand advocates – someone who enjoys your product or service so much that they’re eager to tell others about it.  It’s not hard to find them – see who is engaging with the social content you’re putting out there for starters.  Maybe offer them a discount.  Maybe give them “insider” access or let them know what’s in the product pipeline.

Most of what you’re trying to do is to make them feel special because they are.  They are a trusted resource to their networks and what they say is more believable to many than what you have to say as a brand.  Of course that also means you can’t lie to them or mislead them.  The stakes become higher since they can tear you down just as quickly as they can help you grow.  Then again, since we’re always trying to be consumer-focused, open and honest in our marketing, this should not be an issue.

We can whistle in the dark and pretend all is well or we can think about improving what we’re doing every day without hanging on to legacy thinking.  Your call.

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