The Value Proposition

Why should a consumer buy from you?

Competitive Advantages

What makes you better than your competition?

Choosing A Differentiation Strategy

You chose a target market, now what?

Showing posts with label YouTube. Show all posts
Showing posts with label YouTube. Show all posts

Thursday, October 6, 2011

Is the 30 second spot relevant?


No one watches commercials anymore, right?  In the age of the DVR, we zip right past them.  Commercials are old school, they are relics of ages past.  It's all about the web, social media and gorilla marketing via YouTube, right?

Is there any point to a 30 second commercial on broadcast television?  Absolutely!  Not only are they relevant, but they are the best way to build brand equity through brand awareness.

In order to build Brand Awareness, you need to get the attention of your audience.  No other human sense gets our attention better than visual stimuli.  The phrase "a picture is worth a thousand words" is still very true.  Commercial advertising used to be all about the "sell".  Get a spokesperson, list off your product's features, and tell everyone to buy it.  There was no better way to sell a car or a frozen dinner in the 1960's and 70's than to list off your features and tell a viewer to go and buy it.  It doesn't work the same today.

Today you have to get someone's attention.  You have to pique their interest.  You have to create buzz.  You have to make the emotional sell.  Saying your car is "Imported from Detroit", or "You're In Good Hands With Allstate" speaks louder than telling everyone your insurance has lower monthly premiums.  Connecting with an older audience, while featuring someone from a new generation in a simple t-shirt does wonders when you want to get everyone to ask, "Where's the Beef?".  One commercial, one visual, can spark a flood of conversation that spreads from the office water cooler to the status updates of Facebook. 

Today television presents a great ROI, not just because you can reach millions of eyes at one time, but also because you can use it to drive people to more direct brand interaction and messaging.  The venerable commercial used to be a one-way experience.  The viewer watched it, and you hoped that the message would soak in.  You hoped they would go to a store and interact with your product.  Today a viewer can have instant interaction with your brand via the internet and mobile devices.

Today a commercial that doesn't just create interest, but moves someone to interact with you is essential to a successful campaign.  Want to find out more?  Go to our website.  Want to get great deals?  Visit Facebook or GROUPON to get 20% off your first purchase.  Visit YouTube for more clues and win your very own car.  You couldn't do this 20 or even 10 years ago.  Now you can.

No other medium allows you to reach as large an audience at once as television.  However, Jerry Shereshewsky, a New York City ad agency veteran and CEO of Grandparents.com, asserts that if you want to get narrower than a general demographic, you're out of luck.  With today's audience diversification and deep pool of niche channels, this isn't the case. TV is now a target rich environment, and it allows you the opportunity to tailor your message for any specific demographic.  Even better, that demographic is a willing listener.  You don't want to watch Food Network or G4 because you have to, you watch it because you want to, because you're interested in that hobby or vocation.  Viewers of these niche channels are already willing to buy items to suit their interests, and if your product fits these interests, they are willing to listen to you.

Getting attention, creating interest, and encouraging brand interaction are all possible today through the focused use of the 30 second spot. What used to be a multi-million dollar shot in the dark is now a viable, successful option for building brand equity through brand awareness and brand engagement.  Consumers are willing to watch commercials...are you giving them a reason to watch yours?

Wendy's Brings Back "Where's the Beef" - Chicago Tribune
Which Ad Strategy Works For You? - Entrepreneur Online

Saturday, August 27, 2011

Traditional...Non-Traditional...

Traditional...Non-Traditional.
Traditional...Non-Traditional.

Aren't these terms just labels meant to edify the decision a CMO or Director of Marketing has made where to make their media buys or marketing plans?  One goes the "proven" path, another goes down the "modern" road.

Last time I checked, we don't hire Chief Traditional Marketing Officers or Director of Non-Traditional Marketing-er's.... (pardon my poor grammar and spelling here).  At least we shouldn't.

A CMO or Director of Marketing is in charge of steering a company's MARKETING efforts.  The goal of this marketing is to find your customer, communicate your message, and convince them to give you their money.  Sometimes the most effective messaging medium is a 30 second spot on broadcast television networks.  Sometimes it's a 3 minute video on YouTube that is meant to go viral and attract consumers to a Facebook campaign.  Regardless of the medium, it's all marketing.  And it's only worth doing if it is reaching your customers and convincing them to buy.

Stop labeling your marketing ... and just market.