Marketers have to stop targeting everyone!!! Your fear over missing out on someone is really annoying.

Posted on Leave a commentPosted in How to Guide for Marketers

A few weeks ago, I was doing my regular “you gotta focus more” rant, trying to convince to focus their resources against a tight target market. Someone interrupted me and said “Yes, but I love all our customers!”I thought “Oh god, not again.” 

It is really just a new way to spin that I am afraid that if I target, I will miss out on someone who might want to buy. The line that really bothers me is “we can’t alienate our current consumers”.  Uhhhh, by advertising to new consumers, my guess is that you’re not likely going to put on offensive ad that makes fun of your current consumers, right? Well, then it will be impossible to alienate them. So stop saying this.

Yes, you can love all your customers. But your target market should be those consumers who are most likely to respond to the brand message that you will be advertising.

positioning-2016-extract-4-002We believe that spreading your limited resources across an entire population is cost-prohibitive and will provide you with a low return on investment and low return on effort, that will eventually drain your brand. While targeting everyone “just in case” might feel safe at first, it is actually less safe because you never get to see the full impact of the resources you apply. Too many Marketers seems to think that the way to make your brand bigger is to be able to appeal to a bigger, broader target. We take a different approach believing that instead of going after who you want the most, we recommend that you should go after those consumers who are the most motivated by what you do.

To get Brand Leaders to focus their target, we show three types of targets: selling target, marketing target and program target.

  • Selling Target: Of course you should sell to anyone who wants to buy. I just wouldn’t spend my money against this large of a target. You can always reactively sell to anyone who engage and show interest in your brand, regardless if they fit your ideal target. However, as every brand is constrained by limited resources, we just don’t recommend that you spend your limited marketing resources against this large of a target, especially when you have seen no signs that they will respond enough to provide an efficient pay back.bbi-creds-deck-2017-002
  • Marketing Target: The best marketers know exactly who is their ideal consumer. In the new world of Marketing, we can know more and more about these people. We recommend that you focus your limited resources on those consumers that are the most motivated by what your brand offers, those most likely respond to your brand story or your product offering, which then provides you with the fastest and highest return on investment and return on effort.
  • Program Target: Specific campaign target that you hope to move to think, feel or do with your specific marketing program.

A few years ago, I was working with bank who told me that their target market for a first time mortgage (home loan) was 18-65, new customers, current customers and employees. Sarcastically, I said, “You have forgotten tourists and prisoners”. As I pressed to help them narrow their consumer target, they pushed back saying that they didn’t want to alienate anyone “just in case” someone outside the usual target wanted a home loan.positioning-2016-extract-4-003 While the odd 64-year-old might be tired of renting for the past 40 years and wanting to finally buy their first home, they would not be offended if there was a 32 year old in the advertising. The reality is that first time home owners are usually in their late 20’s or early 30’s, and they usually spend 6-12 months looking for a house. No one buys a house on impulse. And no one ever wanted a mortgage, without buying a house. The target should be: “28-33, already considering buying a house within the next year and nervous about their debt load.” Imagine the difference that focused target market will make in the brand message and in the media choices you might make now. For instance, instead of just randomly advertising to everyone on mass media, you can focus your resources where the consumer would be most open to your message. You could advertise on real estate websites, take out billboard ads outside of the new housing developments and buy radio ads on Saturday when people are looking at new homes. The focused target market helps focus your resources on those consumers most likely to respond to your brand messages.

positioning-2016-extract-4-001Realizing not everyone can like you is the first step to focusing all your attention on those that can love you. It becomes all about choices and you will be much more effective at convincing a segment of the population to choose your brand because of the assets and promise that you have that match up perfectly to what they want. The best brands don’t go after consumers, they create a desire and connection, to get consumers to go after the brand. The best way to get consumers motivated is to tap into their need states, to understand their frustration points they may have and to connect by showing that you understand them. Motivating someone to buy your brand should start with the consumer not your product. You have to understand consumers, to match your brand up to their needs, wants and desires. Done right, if you can make consumers want to buy, then you will never have to sell.

Why would any Marketer think that talking to everyone is the answer to hopefully someone out there responding?

Many Brand Leaders seem to fear focusing, yet focus is essential for strategy to work for you to get more from it, than what you put into it. When you focus, 5 things happen:

Better return on investment (ROI): With all the resources against one strategy, one target, one message, you’ll be able to move consumers enough to drive sales or push other key performance indicators in the right direction.

Better return on effort (ROE): It’s about getting more back than you put into the effort. Working smart helps make the most out of your people resources.

Stronger reputation: When you only do one thing, you naturally start to become associated with that one thing—externally and even internally. Reputation is a power you can push to find deeper wins.

More competitive: As your reputation grows, you begin to own that one thing and you can better defend that positioning territory. You can expose the weakness of your competitors, attract new consumers as well as push internally (R&D, service, sales) to rally behind the newly created reputation.

Bigger and better P&L: As the focused effort drives results, it opens up the P&L with higher sales and profits. People with money invest where they see return.

As a Marketer, we can have favorite consumers: those who are most likely to respond to what we have to say.

To read more on what makes a Beloved Brand, here is our workshop presentation:

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

bbi-creds-deck-2017-007

Did Apple just break the Steve Jobs golden rule?

Posted on Leave a commentPosted in Beloved Brands in the Market

Innovation is not easy. We all look for those blue ocean ideas and game-changers that no one else can see. Most times when see them, we get scared. They look so different. Will they work?  Who knows. Incremental Innovation is easy. It is comfortable, similar to what we did last year, so let’s pull the trigger because we know it will work. The original iPhone was a game-changer. It looked so different, that even the main competitor laughed about it. (There is video footage somewhere).

The beauty of the original iPhone is that it was intuitive in design, simple enough for anyone to use.  From a technical view, it wasn’t innovative at all. From the consumer view, it was the most innovative product of the century. It was merely a copy-cat product that was bundled together in a much smarter consumer way. While everyone else in the category was inventing cool things and spending lots of time figuring out how this would work with consumers, Apple figured out what the consumer wanted and then went and collected and bundled all the current technologies into one simple phone.

Customer-experience-quote-Steve-Jobs-finno1

This statement is what made Steve Jobs a Marketer among scientists. He understood that everything a Marketer does has to start and end with the consumer in mind. For a Marketer like me, this is half common sense and half motivational that I can project to Marketers.

Let me whisper something quietly. The only real reason we have brands is because the brand owners believe that they can make more money from investing in a brand, than they could if they just sold the product alone. Jobs was a billionaire beyond belief. Yet, the beauty of Apple is that while they are the richest company on the planet, until this week, they never let anyone know that was their end goal. They have always been on the side of the consumer. Always living by the golden rule of Apple: “You’ve got to start with the customer experience and work back toward the technology. Not the other way around”.

No Headphone Jack

I have an iPhone 6, so I’m good for now. I am not seeing enough in the iPhone 7 that makes me want to jump. It’s purely an incremental play. Since I’m not in the market for a new phone, once I heard that it was fairly incremental, I barely paid attention. As I said above, pumping out incremental innovation is a necessity of business.

But then when I heard the new iPhone  did not have a headphone jack, I kinda cringed. There is no way the consumer was demanding that you get rid of the headphone jack. 

A couple of years ago, I started to see guys at the gym with headphones without a wire. What a great idea. That way it wouldn’t get in my way doing a bench press or on the elliptical machine. I went to the store and was like, “Woah, $100 more for wireless, I think I’ll wait”. Checking Best Buy’s website this morning, we can see that we can buy some nice Beats by Dr. Dre headphones for $129….

Screen Shot 2016-09-09 at 10.17.15 AM

While the same pair of WIRELESS headphones cost $229.

Screen Shot 2016-09-09 at 10.17.37 AM

 

I’m sure someone on the Apple team thinks this is a brilliant move: if we take away the headphone jack, we will make the entire planet go spend $229 on new headphones. That’s a bit like the bank that gave out a huge bonus to the person who came up with the 19.99% interest rate on your credit card, instead of 19.9%, because the extra decimal gave the bank made millions of dollars more. That is also brilliant. But both of these things are fairly disgusting. And almost too obvious that there is a complete “money grab”

Brand Plans 2016 Extract 2.001

The role of Marketing is to improve your brand HEALTH, which then can be stored and leveraged over time to drive longer term to drive more WEALTH for the brand. Sometimes, going after wealth in the short term, can actually take away from the overall heath of the brand. You have to believe that by driving the health that the wealth will come.

Apple’s lack of a headphone jack makes them look greedy for money. It is an annoyance to the consumers who love your brand. For those not willing to invest in new headphones, this is the solution that Apple is providing. Wow, that really just screams consumer friendly. It costs $40, and likely weighs 3x more than the phone. It will be great for consumers to carry that while they run.

Tama-Electric-Lightning-To-Headphone-Adapter

It is completely fine for brands to make a lot of money. But the best Marketers never let consumers see that ugly side. And this one by Apple is pretty ugly. By the way, the Apple stock price first broke the $100 mark in September of 2012. Four years later, it is at trading at $104. It just might be time for Apple to invest in driving that brand health a bit higher.

I love Apple. I just want them to love me back.

Apple just failed big time, because they failed to start with the consumer experience and work back toward the technology. 

To read more on what makes a Beloved Brand, here is our workshop presentation:

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

 

bbi-creds-deck-2017-extract-002

How to find the motivating consumer benefits that your brand can own

Posted on Leave a commentPosted in How to Guide for Marketers

Positioning photos.011In the new economy, Brand Love is the new currency, with marketing shifting to building big ideas, leveraging purpose-driven stories that are in the moment, creating consumer experiences that people talk about, managing ubiquitous purchase moments all helping to steer the brand’s reputation. Marketing has to focus on creating a brand reputation with consumers, and equally creating an organizational culture that reflects the brand’s soul. Instead of shouting your message at every consumers, the best brands confidently whisper to those most motivated by what they do, who then scream with influence to their friends. In the new world, the best brands now fight for a place in the minds and hearts of consumers.

Brands need to be better, different, cheaper or not around for very long.

One of the biggest mistakes that brands make is “yelling at” the consumer with features (what you do) rather than “speaking with” the consumer, about the functional benefits (what they get) and the emotional benefits (how they feel). Watch half an hour of TV one night and you will see brand after brand yelling at the consumer. Feature after feature after feature. This type of Marketing just forces the consumer to have to figure out what they get from your brand. In a crowded media world where consumers see 7,000 brand messages per day, you have just lost out on the opportunity to find a set of consumer oriented benefits that your brand can use to motivate the consumer and own as you build the reputation of your brand.

Positioning photos.016Brands have to stand out or die. If we look the chart below, the Winning Zone for your brand forces you to think about finding the ideal space where your brand matches up to a distinct consumer need better than anyone else. If not, your brand won’t be around for very long. You should avoid competing in the Losing Zone, which goes head to head with a competitor that can deliver the consumer needs better than you can. The area with the yellow arrow is the Risky Zone is a relative tie with your competitor. You can win the tie is by being first, being more innovative and creative or by finding the right emotional connection that makes the functional tie less relevant to the consumer decisions. Avoid the Dumb Zone, where you wage a competitive battle in a space that the consumer does not care about. When you find yourself competing in this space, you will find yourself eventually just talking to yourself.

Consumer Benefits Ladder

Doing a Consumer Benefits Ladder helps to organize your thinking as a great tool for bringing the benefits to life. Positioning photos.007The best way to work the Consumer Benefits Ladder is to hold a brainstorming session with everyone who works on the brand so you can:

  1. Leverage all the available research to brief the team, helping define the consumer target and get all the consumer insights and need states out.
  2. List out all the features that your brand offers, and the brand assets it brings to the table. Make sure that these features are competitive advantages.
  3. Find the functional benefit by putting yourself in the shoes of the consumer and seeing the brand features from their eyes: start asking yourself over and over “so if I’m the consumer, what do I get from that?”. Ask up to 5 times and push the answers into a richer zone.
  4. Then find the emotional benefit by asking “so how does that make me feel?” As you did above, keep asking, and you’ll begin to see a deeper emotional space you can play in and own.

What are the functional benefits?

To help brand leaders, we have mapped out 9 functional benefit zones and then expanded that to 50 overall functional benefits. As you look through the list, start matching up those benefits that you think will be something consumers want, something that can be unique for your brand and something you can own in the future.

Positioning photos.008What are the emotional benefits?

From my experience, Marketers are better at the rational benefits than they are at the emotional benefits. I swear every brand out there thinks their brand should be the trusted, reliable and yet like-able brand. As a brand, you want to own the emotional space in the consumer’s heart as much as you own the rational space in the consumer’s mind. It seems that not only do consumers have a hard time expressing their emotions about a brand, but so do Brand Managers. Companies like Hotspex have mapped out all the emotional zones for consumers. I’m not a researcher, but if you are interested in this methodology contact Hotspex at http://www.hotspex.biz

We have taken this research method and created an Emotional Cheat Sheet for Brand Leaders. This lists out the 8 major emotional consumer zones, optimism, freedom, being noticed, being liked, comfort, be myself, be in control and knowledge.

Positioning photos.009

To own a space in the consumer’s heart, you want to own and dominate one of zones, always thinking relation to what your competitor may own. Do not choose a list of emotions from all over the map, or you will just confuse your consumer as much as trying to own a long list of rational benefits. Once you narrow the major emotional zone you can own, you can use the supporting words of the Emotional Cheat Sheet to add flavor.

Build your brands around clusters of benefits

As you are looking for the benefits to that your brand stand behind, we recommend that you look at clusters of the functional and emotional benefits, that you believe match up with what consumers want and what your brand does better than other competitors.

Look at our example below, we have mapped out the positioning clusters of three distinct car brands (Volvo, Honda, Ferrari) to showcase how different the functional and emotional benefits.

Positioning photos.010

  • The Volvo brand is notorious for safety, but can also look at quality and how it is made as part of the “Works Better” functional benefit zone. Volvo also makes you smarter and helps your family. The emotional zones where Volvo wins is in are being in control and curious for knowledge.
  • The Honda mini-van is all about family and value for money. Its functionality also can simplify your life. As it is a family car, the emotional zones that Honda can win are being myself and comfort.
  • The Ferrari brand is built around speed and performance, part of the “works better” functional benefit zone. The brand also delivers against experience and sensory appeal.

Sorting the benefits

When we brainstorm around a given brand, we normally end up with too much information. Building on the work from the cluster of benefits to the Consumer Benefit Ladder, we see this type of output for our fictional Gray’s Cookie brand.

Positioning photos.015

Following this brainstorm, there are way too many potential benefits to really begin building your brand. You can use your working knowledge of the brand to begin looking at which of the functional and emotional benefits will help your brand win in the market.

Then use Market Research with consumers to sort through the possible benefits to find the ones that are the most motivating to consumers and own-able for your brand. The grid we use looks at two dimensions:

  1. How motivated consumers are by the benefit
  2. How own-able is this benefit for you brand.

Looking at the grid below, you want to focus and build your brand around those consumer benefits that land in the highly motivating and highly own-able quadrant. This Winning Zone matches up to the Venn diagram we showed earlier. Avoid the losing and dumb zones while any benefits that end up in the risky zone will require speed to market, more creativity and emotional marketing.

Positioning photos.017

Looking at the Gray’s Cookie example, we can see how “guilt free alternative” consumer benefit has the highest potential to motivate consumers and the highest potential for ownership by the brand. The benefits of “new favorite cookie” are highly motivating, but would be owned by the major mass brands in the category.

Bring the 4 elements together to create a winning Brand Positioning statement

Positioning photos.004After doing all the homework, you should be able to put together a winning Brand Positioning Statement that addresses:

  1. Who is in the consumer target? What slice of the population will be the most motivated to buy what you do? The first thing to decide is the consumer target, which should be your first point of focus, so that you can find the slice of the population that will be the most motivated by what you do. The mistake for many Marketers is they think about who you want, and they forget to ask who wants you. Who is the most motivated to buy what you do?
  2. Where do you play? What is the frame of reference that helps to define the space in the marketplace that you compete in? We then frame the positioning by determining the category you play in, defining the competitors you will position yourself against. No one really operates in a blue ocean space, as positioning is always relative to some other choice the consumer can make.
  3. Where do you win? We then need to determine the main promise you will make to the consumer target, in the sense of a benefit for the consumer, both the rational and emotional. Think about what does the customer get, and how does it make them feel?
  4. Why should they believe us? Finally, we will look to understand what support points are needed to back up the main promise you are making. These support points have to support the main benefit, not just random claims or features that you want to jam into your brand message.

Moving from the brainstorm of the Consumer Benefit Ladder, using the research to focus on “Guilt Free Cookie” as the most motivating and own-able benefit, we can see the final brand positioning statement for Gray’s Cookies.

Positioning photos.005

To read more about Brand Positioning, here is the workshop we run for Brand Leaders.

 

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

 

The six habits of great Brand Leaders

Posted on Leave a commentPosted in How to Guide for Marketers

AAEAAQAAAAAAAAbaAAAAJDZlYWIyYjg4LTE0YTgtNDlkZi04M2M5LWE3Y2I4YThhNDRhMQHaving spent 20 years in the CPG world of marketing, I’ve seen almost a thousand Brand Leaders over the years. On the way up, I tried to emulate what I thought were the best traits and avoid what I saw as weaknesses. And at the senior level of marketing, I hired tons of Brand Leaders, promoted many and even had to fire a few along the way. I’ve been a Brand Coach the past few years, working closely with Brand Leaders. And I consistently see these six habits at any level, that separate those that are GREAT from those that are just GOOD.

Habit #1: GREAT Brand Leaders push for focused choices, using the word “or” and rarely using the word “and”.

Everyone says they are good decision makers, but very few are. If you present an either-or situation to most EastLink Analytics Extract.002brand leaders, they struggle with the decision, so they say “let’s do a little of both”. But in reality, what separates out a great brand leader from the pack, is great brand leaders know that decision-making starts with the choices where you have to pick one, not both. At the core of business, Brands only exist to drive more profit than if we just sold the product itself. It’s all about ROI (Return on Investment). Forget the mathematical equation, ROI just means you get more out of it than you put into it. Every brand is constrained by money, people, speed and ideas. It becomes all about focus, leverage and finding that gateway point where you realize more from what you do, it than what you put into it.

FOCUS, FOCUS, FOCUS!!!

  1. To be GREAT, you need to focus on a tight consumer target to make sure you can get them to do what you hope and love you for it. A new way to think is to find those consumers that are already highly motivated to buy what you have to sell and get them to love you, rather than targeting everyone and get them to like you. Look at how marketing testing is set up: we test among the mass market and see how many we can persuade to use your product. The reality is that leading brands within each category are more loved than the pack of brands struggling to figure themselves out. It’s better to be loved by a few than tolerated by everyone. I once talked to a bank whose target was 18-65, current customers, new customers and employees. That’s not a target. How can you have a ROI if you’re spreading your limited resources against EVERYONE? The only thing missing from that target is tourists and prisoners. You have to matter to those who care the most.EastLink Analytics Extract.004
  2. To be GREAT you need to focus on creating a tightly defined reputation that sets your brand up to own an area. You really only have four choices: better, different, cheaper or not around for very long. Giving the consumer too many messages about your brand will confuse them as to what makes your brand unique. Trying to be everything to everyone is the recipe for being nothing to no one. Today they estimate that consumers receive 7,000 brand messages a day. Wow. How many of those 7,000 do you engage with and digest each day? Maybe 5. And yet, in your creative brief you think 3 or 4 messages is the way to go. You have to focus on one message. When you ask a room full of Brand Leaders, tell me one word that defines the Volvo brand: half the room yells out SAFETY. Volvo has been singularly focused on the safety positioning since the 1950s not just externally but internally the safety positioning guides every decision. That’s focus.
  3. You need to focus on very few strategies. The most simple strategies center around Penetration (getting new users) or frequency (getting current users to use more). Do you want to get more people to eat your brand or those that already do to eat more? That’s a choice you must make, yet I see so many Brand Plans with both. Even worse is when I see creative briefs with both. These are two different unrelated strategies. When you look for new users, you have to convince someone who already knows about your brand and get them to change their minds away from their current brand. When you try to get more usage, you have to convince someone who has already decided how to use your brand, to use it differently, changing their habits or rituals. Brands need to understand where they sit before picking strategies. Go look at your plan and see if you are making choices. Because if you’re not, then you’re not making decisions.

When you focus, four things happen for your brand: better Return on Investment (ROI); better Return on Effort (ROE); stronger reputation; more competitive and an aligned organization that helps create an experience that delivers your reputation. So next time you are faced with a decision, make the choice. Don’t pick both, just in case you are wrong. All you are doing is depleting your resources by spreading them across both choices. And you’ll never see any movement on your brand so you’ll never find out if you were right or wrong. Make the choice.

Habit #2: GOOD Brand Leaders represent the Brand to the Consumer, but GREAT Brand Leaders represent the consumer to the Brand

Everything starts and ends with the consumer in mind. I always like to ask Brand Leaders: “Do you represent your brand to your consumer or do you represent your consumer to the brand?” Yes, I get stunned looks of confusion when I ask that. But it’s an important question as to your mindset of how you do your job. My challenge to you is to start thinking like your consumer and be their representative to your brand. You’ll notice the work gets better, you’ll see clearer paths to growth and you’ll start to create a brand that the consumer loves rather than just likes. When this happens, sales go up and the P&L spits out higher profitability. Because the more loved the brand, the more powerful position it occupies and the more profit it can generate from that source of power.

EastLink Analytics Extract.006

 

Able to walk in their shoes and speak in their voice? Get in the shoes of those Consumers and you’ll quickly realize that consumers do not care about what you do, until you care about what they want.You should be thinking about your consumer every day, all day. Yes, you need to hit your sales and share goals. But your consumers are your only source of revenue and you have to know them intimately.Live and breathe insights about your consumers.

Habit #3: GOOD Brand Leaders are fundamentally sound with their facts, but GREAT Brand Leaders are fundamentally sound with their instincts.

EastLink Analytics Extract.001I am a huge believer that marketing fundamentals matter–in fact I train Brand Leaders on everything from strategic thinking to writing brand plans and creative briefs. But that’s a starting point to which you grow from. If you don’t use fundamentals in how you do your job, you will and should be fired. So Good Brand Leaders do a good job of bringing fundamentals into how they do their job. They know how to back up the fundamentals by gathering the right facts to support their arguments. But GREAT Brand Leaders are able to take it to the next level and bring those same fundamentals and match them against their instincts. They have a gut feel for decisions they can reach into and bring out at the boardroom table based on the core fundamentals, the experience they bring from past successes and failures as well as this instinctual judgement. It’s not that great marketers have better instincts, it’s that great marketers are able to believe in their instincts and not shut them down because of what the facts might say.

Habit #4: GOOD Brand Leaders try to do it all themselves. GREAT Brand Leaders don’t do anything by themselves but they inspire others to do great work

I was one of those Brand Leaders that spent the first part of my career trying to do everything, and the second half of my career trying to do nothing. I wasn’t slacking off but I finally figured out that the secret was to inspire others. I fully admit that I was much more successful when I learned to do nothing, but do it really well. Instead of giving people answers to follow, give them the problems that requires their expertise in solving.

As Brand Leaders, we don’t really know much about anything. We know a little about this and that. But purposefully, we are generalists. And then if we surround ourselves with experts, we owe it to ourselves to ask for their help. Put another way: when you tell people what to do, there is one simple answer: YES. When you ask people what they would do, you open yourself to hundreds of solutions you might not even have imagined.

The next time you have a problem, instead of giving the best answer to the experts, try to come up with the best question and then listen.

EastLink Analytics Extract.003

 

Habit #5: The GREAT Brand Leaders create GREAT Brand Leaders on their team.

While you might think that having a great product, the right strategy and a winning TV ad will drive your brand, the long-term success of your brand is dependent is how good your people are. If you have great Brand Leaders, they will be on top of your business, they will make the necessary strategic course corrections, they will create better executions that connect with consumers and drive profitable growth for your brand. One of the best ways to drive long-term business results from your brands is to make sure you have a strong marketing team in place. GREAT Brand Leaders understand the very simple equation: better people means better work and that means better results.

Habit #6: GREAT Brand Leaders have a desire to leave a legacy

I’m always asked so what does it take to be great at marketing, and I’ll always jokingly say “well, they aren’t all good qualities”. The best marketers I have seen have an ego that fuels them. That’s not a bad thing, as long as you can manage it and the ego doesn’t get out of control. I always challenge Brand Leaders to think of the next person who will be in their chair, and what you want to leave them.

When you create a Brand Vision, you should think 10 years from now, advertising campaigns should last at least 5 years and the strategic choices you make should gain share and drive the brand to a new level. Yet, the reality is you will be in the job for 2-4 years. When you write a Brand Plan, you should think of the many audiences like senior leaders, ad agencies and those that work on your brand, but you also should think about the next Brand Leader. What will you do, to leave the brand in a better position than when you took it on? What will be your legacy on your brand?

Always push for great and never settle for OK

No matter your level, have a read more through our presentation on Brand Management careers.

 

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

The 8 principles of smart analytical thinking in a big data world

Posted on Leave a commentPosted in How to Guide for Marketers

 

Principles of Analytical Thinking

For Brand Leaders to keep moving up, you need to be good at all parts of marketing–skills, behaviors and experiences. As you manage your career, try to close gaps in each. The key skills you include brand analytics, strategic thinking, brand planning, decision-making and execution. One of the biggest skill gaps I see is the ability to do deep dive analytics and turn it into an analytical story that can set up decisions. From what I see, most people either don’t know how to dig in or when they dig in, they struggle to tell the story from the mounds of data they have gathered.

Analytics 2016 Extract.001

 

Principle #1: Use facts to support opinions or else what you say comes across as an empty opinion that leaves a room divided.

One tool that I use is the “5 Questions tool” where you start with your hypothesis and then ask “so what does that mean” 5 times, each time helping analysis move from unsubstantiated opinion to action-able insight.

The benefit of this type of tool is it helps avoiding getting caught off guard when your senior management starts asking questions. Once you do that, I like to organize my thinking, like a newspaper (if those still exist) with a Headline, Opinion and 2-3 data points.

Analytics 2016 Extract.002

Principle #2: Absolute numbers by themselves are useless. Always find comparisons.

Only when given a relative nature to something important do you find the data break that tells a story. Is 50 degrees Fahrenheit warm or cold? If it’s Ottawa Canada and it’s December 24th it HOT and it is front page news. If it’s Los Angeles on June 5th, it is COLD and front page news.

Only when given a relative nature to something important do you find the data break that tells a story. You have to ground the data with a comparison, whether that’s versus prior periods, competitors, norms or the category. Every time you talk about a number, you have to talk about in relative terms—comparing it to something that is grounded: vs last year, vs last month, vs another brand, vs norm or vs England’s share. Is it up down, or flat? Never give a number without a relative nature—or your listener will not have a clue.Analytics 2016 Extract.003

 

Principle #3: The analytical story comes to life when you see a significant break in the data.

Comparative indexes and cross tabulations can really bring out the data breaks and gaps that can really tell a story. Use the “so what” technique to dig around and twist the data in unique ways until you find the point in which the data actually breaks and clear meaningful differences start to show. This is where the trend is exposed and you can draw a conclusion.

Principle #4: Draw the hypothesis that answer “Where are we” and “Why are we here”

Before you start your planning process, take a few hours to sit down at your desk and outline a few points for each point. You will start to see how the overall brand plan flows. These 5 questions start to map out your overall analysis, the key issues, the vision, strategy and tactics. One of the best analytical tools we use is 5 simple questions that will make you think:

  1. Where could we be?
  2. Where are we?
  3. Why are we here?
  4. How can we get there?
  5. What do we need to do to get there?

Another set of strategic questions that can get you thinking:

  1. What is your current competitive position?
  2. What is the core strength your brand can win on?
  3. How tightly connected is your consumer to the brand?
  4. What is the current business situation your brand faces?

Principle #5: Gathering the right data allows you to know where you will look for more information to fill in the gaps

Deep analysis requires slower thinking time so you don’t misjudge situation. The best Brand Leaders know when to be a strategic thinker and when to be an action thinker. Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out. They take time to reflect and plan before acting, helping you move in a focused efficient fashion. They think slowly, logically, always needing options, but if go too slow, you will miss the opportunity window. A good tool to get you thinking in terms of questions:

  • What do we know? This should be fact based and you know it for sure.
  • What do we assume? Your educated/knowledge based conclusion that helps us bridge between fact, and speculation.
  • What we think? Based on facts, and assumptions, you should be able to say what we think will happen.
  • What do we need to find out? There could be unknowns still.
  • What are we going to do? It’s the action that comes out of this thinking.

Principle #6: Like an old school reporter, you should be looking for two source of data help frame the story.

Avoid taking one piece of data and making it the basis of your entire brand strategy. Make sure it’s a real trend. Dig around until you can find a convergence of data that leads to an answer. Look to find 2-3 facts that start to tell a story, and allows you to draw a conclusion. The good pure logic in a philosophical argument they teach you is “premise, premise conclusion” so if you see one trend line, look for a second before drawing a conclusion.

Principle #7: Use tools that can help organize and force deep dive thinking in key areas.

A Force Field analysis is best served for those brands in a sustaining position where marketing plays the role of driving innovation and creativity within a box. Always keep in mind that Drivers and Inhibitors are happening now. You can see the impact in the current year. Anything in the future gets moved down to Opportunities and Threats which are not happening but could happen. Invariably, people mix this up and things that could happen move up when they really shouldn’t. The best thing about the force field is you can easily take it into an action plan, because you want to keep the drivers going and overcome the inhibitors Then take advantage of the opportunities and minimize or eliminate any serious threats. It’s a great simple management tool.

Principle #8: Turn the analysis into a story to trigger alignment and management decisions.

When building your presentation for your management team, we recommend you use each of the 5 sections we have gone through here: Category, Consumers, Channels, Competitors and Brand. Building the analytical stories is an iterative process where you build your story based on instincts and facts, so that we can turn our instinct opinions into fact based stories.

Analytics 2016 Extract.007

 

Good analytics get you to the point of “so what do you think?” to help you be a better decision-maker.

To read more about Analytical Thinking, here is the workshop that we run for Brand Leaders.

 

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

 

How to assess what’s happening with your consumers

Posted on Leave a commentPosted in How to Guide for Marketers

Everything starts and ends with the consumer in mind. We believe that spreading your limited resources across an entire population is cost-prohibitive and will provide you with a low return on investment and low return on effort, that will eventually drain your brand. Analytics 2016 Extract.001While targeting everyone “just in case” might feel safe at first, it is actually less safe because you never get to see the full impact of the resources you apply. Too many Marketers seems to think that the way to make your brand bigger is to be able to appeal to a bigger, broader target. We take a different approach believing that instead of going after who you want the most, we recommend that you should go after those consumers who are the most motivated by what you do.

 

When looking at your consumers, start by figuring out where you are playing, defining who you are serving and who you aren’t serving. Define segments, look at buying habits, growth trends, key insights for each segment. Gain knowledge by mapping out the buying system analysis, leaky bucket, consumer perceptions through tracking data and research. We recommend that you either use some type of panel/scan data if it is available or compile your own data through tracking research. This helps determine what’s going on with consumer behavior beneath the surface. Our preference is the brand funnel tracking tools as it maps out how well your brand is doing at each stage of the consumer buying system.

How to use consumer tracking data 

From the tracking or household panel data (Nielsen or IRI), you have to understand how your brand is doing on both penetration and the buying rate, in order to fill in the simple equation of  “Sales = (Total Population x Penetration rate) x Buying Rate”.

  • Analytics 2016 Extract.003Penetration Percentage: The percent of households who purchased a product, shopped in a certain channel or retailer at least once during a measured period.
  • Buying rate or sales per buyer: Total amount of product purchased by the average buying household over an entire analysis period, expressed in dollars, units or equivalent volume.
  • Purchase frequency or trips per buyer: Number of times the average buying household purchases your product over a time period (usually a year). Purchase Frequency remains the same regardless of which sales measure is used (dollars, units or Equivalent volume)
  • Purchase size or sales per trip: Average amount of product purchased on a single shopping trip by your average buyer. Like the buying rate, purchase size can be calculated in terms of dollars, units or Equivalent volume.

 

How to analyze your brand using Brand Funnels
Every brand should understand the details of their Brand Funnel, knowing what’s causing any strength, weakness, changes versus last year or gaps versus competitors. Analytics 2016 Extract.005A classic brand funnel should measure awareness, familiar, consider, purchase, repeat and loyal. At the very least, you should be measuring awareness, purchase and loyalty. It’s not just about driving particular numbers on the funnel, but about moving them from one stage to the next.

The first thing to do (see chart above) is look at the Absolute brand funnel scores (A), comparing them to last year, to competitors or versus category norms. Then look at the brand funnel ratios (B), finding the percent conversion from one stage to the next. To create the ratios, divide the absolute number by the number above it on the funnel. For instance in the example below, take the familiar score of 87% and divide it by the awareness score of 93% to determine the ratio conversion of 91%. That means 91% of those who are aware become familiar.

 

The data becomes even more powerful when you start looking at the ratios of your brand in comparison (C) to the ratios of your nearest competitor. Analytics 2016 Extract.006In this second part of the analysis, the ratio becomes the focus. Compare the ratios, finding the gap (D) between the two brands at each of the stages. You will start to see where your ratio will either be stronger or weaker than the comparison brand. Analyzing the difference (E) between the 2 brands finds the biggest gaps and tells a strategic story that explains the gap. Looking at the example, we see “Your Brand” and “Brand X” are relatively similar at the top part of the funnel, but your brand starts to show real weakness as it moves to repeat and loyalty. This creates a gap you need to fix through the Brand Plan.

The brand funnel data helps tell where your brand sits on the Brand Love Curve. Indifferent brands have skinny funnels throughout. Consumers treat these brands like commodities. Your Brand Plan need to fuel awareness and consideration to kick-start the funnel. The next stage we call Like It brands, which have funnels that narrow at purchase. These brands need a plan to close leaks by getting their brand message closer to the purchase moment. The Love It type brands have a more robust funnel, but may have a smaller leak at loyal. The plan should continue to feed the love and build strength among loyalists. The most beloved brands have ideal funnels, but you should track and build a plan that will attack any weakness before it is seen or exploited by others.

Market Research Studies

Market Research studies can really help uncover issues on your brand. Some brands keep looking back at a study from 5 years ago, and miss out on the major changes that have happened in the marketplace since. Market Research should provide a view of the who, what, when, where and how behind the overall consumer dynamics of your category or market. They can help you understand how consumer behavior and usage changes by brand, helping explain why consumers buy specific brands and what it is that makes those brands distinctive, outlining the rational and emotional benefits. They help identify any perceived gaps in the consumers mind between the brand promise, consumer expectation and the overall brand performance. And, a good market research study can provide an overall vantage of various consumer segments, looking at lifestyle and demographic dimensions, how they consume media, overall attitudes on key drivers or brand benefits.

When we do our brand planning and marketing execution, we manage the executional tactics using a consumer buying system that starts with the consumer and then maps out how they shop, closely resembling the brand funnel. This tool can really helps focus your activities to where your brand needs the most help, either to continue fueling or closing a gap.

Analytics 2016 Extract.007

 

To read more on Brand Analytics, have a look at our workshop presentation.

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

 

 

 

The 3 best ads of the 2016 Olympics: Gold, Silver and Bronze

Posted on Leave a commentPosted in Beloved Brands in the Market

2016_Summer_Olympics_logo.svgOver the two weeks of the Olympics, there are just a ton of ads. After a while they all blur together. It would be easy to make an Olympic ad, if the goal was just to fit in. Show a little bit of the athlete’s background story,  some footage of the athlete’s accomplishments, then show how this all fits to the brand (even if it is not a natural fit, try anyway) and then cut to black screen at the end with the logo with a tagline come up.

Ta-da. You have a classic Olympic ad.

This type of ad is what I would consider “good but not different”. While you might enjoy watching it and think “I like that ad”. However, after seeing 38 identical ads over the next 2 hours, you won’t remember anything about any of the ads. With such a sea of ads, only the ones that are very different will stand out. The second thing I would stress is that the ad has to fit with the strategy of the brand. The ideal sweet spot is both Smart and different.

As a Brand Leader, you should always be thinking of ways for your marketing communication to break through the clutter and use your brand story to move the consumer. During the Olympics, the objective of these iconic brands is to continue to tug at the heart of your own consumers. You’re not really going to sell to new consumers, but rather re-enforce to those who already love you. With that, you sure better be on when it comes to what your brand is all about.

The best Marketing breaks through the clutter (Attention) links closely to the brand name (Branding), communicates main message (Communication) and makes brand seem different (stickiness).

Strategic Thinking 2016.024

Bronze Medal:  “Thank You Mom” by P&G

Sure it is a basic pool out of the previous two Olympic Games but it is still working. This spot is high on attention and branding as people are now looking for these spots, grabbing the tissues and enjoying these spots. They don’t communicate a ton about the brand, but they have high stickiness, as evidence by sharing (21 million views on Youtube) and talk value at the lunch table. Plus, I still get a slight tear in the eye.

 

Silver Medal: “Unlimited Together” by Nike

Imagine a brief that says “we want to do an ad about the basketball team that screams patriotism…and make it different from anything else”. The first part of that brief would be easy to gather up all the cliches. The second part is extremely difficult. This is a beautiful Nike spot, with Chance the Rapper doing a take on “America the Beautiful”.  Nice visuals, a different look at the behind the scenes of the team. They have nailed it, fitting nicely into Nike’s Unlimited campaign.

 

Gold Medal: “Unlimited Youth” by Nike

Out of all the ads this year, this one resonated the most with me. If an 86 year old doing Iron Man races is not enough to get your butt off the couch, I’m not sure what is.

 

That’s right: Nike gets my gold and silver.  I saw quite a few other good ads along the way. What is amazing is that Nike is not an official sponsor of the Olympics. They keep stealing the show, without paying the IOC fees.

Here are the Honorable Mentions

 

Apple launched a great new campaign this summer, during the Olympics, but would be hard-pressed to call it an Olympic ad. I love it, and it certainly made me watch. During the most divided year I can remember, this Apple ad does a nice job in bringing the world together.  Have a look.

 

It looks like Coke had the same brief as Apple. Another nice spot for them. However, it does not seem to have gotten the necessary break through. (only 57k views)

 

I also liked the Gillette spot, that showed the darker side of how hard these athletes work. It narrowly missed my podium, because I think it will fit in, more than it will stand out. Fits nicely with the “The Best a Man can Get” brand idea. Well done.

 

To read more on Marketing Execution, have a look at our workshop presentation.

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

 

 

 

 

 

 

 

 

 

 

 

 

Train your brain to change speeds

Posted on Leave a commentPosted in How to Guide for Marketers

Most Marketers seem to take pride in how fast their brains can work. They run from meeting to meeting, making snap decisions, pointing at people and saying, “make that happen.” I bet if they closed their glass door, put their feet on their desk, grabbed a pen and looked up at the ceiling, most people walking past their office would think they have either lost their mind or they are crafting their resignation letter. These Marketers have no time in their schedule to slow down and think strategically.

Strategic Thinking 2016.014The best Marketers can change brain speeds. They can think slowly with strategy, going beneath the surface to understand the issues. The strategic Marketers see ‘what if’ questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out in the future. They take time to reflect and plan before acting, moving in a focused efficient way. The best Marketing brains can change gears as they move to execution, thinking quickly and opening up their instincts. The instinct Marketers see answers before even knowing the right questions, using emotional instincts and gut feel impulses. They can’t explain why they like something. They just do. Any delays frustrate them, believing that doing something is better than nothing at all. This “make it happen” attitude gets things done, but if they go too fast, their great actions risk solving the wrong problem. The balance comes when the best Marketers know when to be strategic and when to use their instincts.

Slow your brain down when thinking about strategy.

When you map out your strategy, start by thinking about the long-term perspective of where the brand can go, with a vision that should scare you a little but excite you a lot. You have to question everything in the way of achieving your vision, looking at drivers, inhibitors, risks and opportunities. Take the time to observe, assess, question and consider every element that can impact your business. Constantly analyze and assess the potential changes happening with consumers, competitors, technologies, media and distribution channels that could impact the health and wealth of your brand. Only then, can you get to the strategies, which are really just the answers to the questions that your situational analysis and key issues have raised. Write a very focused strategy, making very tight choices for the target market, brand positioning and main messages.

Strategic Thinking 2016.017To slow your brain down, it may require an escape from the day-to-day rigors of the job. Book a few strategic meetings with yourself to change brain speeds during the day. Open up your brain as the best strategic thoughts may come driving home after work, going to the gym, watching movies or strolling around the block with your kids. Rarely will your best strategic thoughts come to you, while sitting at your desk, in front of your computer, with PowerPoint open to slide one.

Speed your brain up when it comes to execution.

When you move to the execution stages of Marketing, you have to reach deep for your gut, as it is easy to lose your instincts due to the pressures of the job. Allow the creative process to unfold, as you always hold the power of decision. I have seen too many Marketers treat a creative meeting like a press conference with rapid-fire strategic questions and made up concerns. They completely over-think everything and destroy the creative spirit.

Strategic Thinking 2016.021

Be in the moment. Relax, smile, have fun, stay positive. When your agency shows you work, start by asking, “Do I love it?” If you do not love the work, how do you expect your consumer to love it? Do not cast every possible doubt and concern that can destroy creativity. If you get too tense, or too serious, it can impact the team negatively. Focus on your first impressions. Try to get in the shoes of your consumer, and see the execution as they would. As the client, you always have the option to reject an idea. So why not let the idea breathe a little and see if it can get even better. You can always kill it if it doesn’t. Do not let your strategic brain get in your way of seeing the power of the creativity. Only after fully vetting the work with your instincts should you then think about it strategically to see if it fits your brand. Think of execution like an amazing gift, that you never thought to buy yourself.

Go slow with strategy and fast with execution

To read more about brand strategy, here’s our workshop presentation that we run:

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

Knowing where you are today helps you know your next strategic move

Posted on Leave a commentPosted in Beloved Brands Explained

One tool we use to help guide strategic choices is our hypothetical “Brand Love Curve” which is used to assess how tightly connected your brand is with your consumers. We believe that brands move along the curve through five phases, moving from Unknown to Indifferent to Like It to Love It and finally becoming a Beloved brand. The reason brands need to move along the Brand Love Curve is to leverage their increased connectivity with consumers, to become more powerful against all stakeholders in the market. With that added power, brands gain more profit through higher prices, efficient costs, share gains and a bigger market size.

Strategic Thinking 2016.098

Where you sit on the Brand Love Curve should guide your next major strategic move. At the Unknown stage, the strategy is about getting noticed in the market. For a brand at the Indifferent stage, where consumers have no opinion of your brand, brands should focus on establishing your brand in the consumers mind. Build an opinion about your brand, by taking a stand. At the Like It stage, where consumers see the brand as a rational choice, there needs to be strategic work to separate your brand from the pack and generate a following with a core group of consumers. At the Love It stage, focus on tugging at the heart-strings of consumers to drive a deeper connection with those consumers who love the brand. At the Beloved stage, continue the magical feeling of the brand and get loyalists to scream to their network on the brand’s behalf.

The unknown brand
At the unknown brand stage, the brand might be a completely new innovation, re-launch, hidden gem, small niche looking to expand, or entering into a new region or channel. Many new brands struggle to break through to reach consumers or build distribution with doubting retailers. Leadership team conflicts result in confusion around the value proposition, inconsistent messaging to consumers and everyone in the organization moving in different directions. Like any new launch, there is a risk of being seen as a product, not yet a brand idea. Too many times, companies at this stage fixate more on selling than marketing. There is a desperation for sales, no matter who buys or why they buy. This stage is where the heavy investment is needed to establish both brand awareness and distribution. Being seen as a commodity product, with no real separation from competitors, makes it hard to command a price premium. It is hard to generate efficiencies in selling and marketing.

The 3-point game plan for unknown brands: 1) Create a Big Idea to build everything around, both internally and externally. 2) Stay focused to maximize your limited resources: focused target, tight positioning, tight strategies, and limited activities—always focused on driving a return. 3) Find ways to passionately express your brand purpose as a rallying point, both internally and externally.

The four brand strategies that unknown brands should focus on are:

  • Brand Set up: Establish distribution, brand experience, purchase moment.
  • Launch: Enter market, building awareness with consumers, sales levels with channels.
  • Build core message: Establish niche benefit and a big idea that will establish a reputation.
  • Find early lovers: Build a small base of early adopters, who become fans to build upon.

The Indifferent brand
For Indifferent brands, these brands are likely too product-focused, not yet able to find way to separate the brand from competitors. The brands act like commodities. They suffer from very skinny brand funnels, with low awareness at the top of the funnel, with soft purchase, repeat and loyalty scores. These brands suffer from poor tracking scores on any marketing support programs. Without a big idea or unique positioning, it is difficult to break through with advertising or innovation. To keep selling, these brands becomes reliant on price promotions to drive volume, resulting in a profit margin squeeze. Lower volumes prevent these brands from reaching the needed economies of scale to drive down variable cost of goods. These brands are unable to gain new users or drive frequency. They have no power with retailers, unable to get their fair share of shelf space, display or price promotions. These brands are at risk of being delisted, if they fall below volume thresholds. Private label brands threaten their sales levels. These brands have lower payback on Marketing activities, making the marketing investment (advertising, innovation, in-store) difficult to justify.

The 3-point game plan for Indifferent brands: 1) Create a Big Idea to establish the brand’s uniqueness and build a reputation to stand behind. 2) Focus the brand’s limited resources on establishing a point of difference in the consumer’s mind. 3) More passion and risk into your work.

The four brand strategies that unknown brands should focus on are:

  • Mind Shift: Drive a new brand position or re-enforce current positioning
  • Mind Share: Draw more attention than competitors by being better or different.
  • New News: Launch something new or re-launch to appear new.
  • Turnaround: Focus energy on gaps, leaks in the brand’s execution.

Like It brands
Brands at the Like It stage doing a pretty good job in establishing itself on a rational level. However, without an emotional connection, these brands suffer from a lower than desired conversion to purchase. These brand looks healthy in terms of driving awareness and tracking scores, however the brand keeps losing to competitors as the consumer moves to the purchase stage. These brands usually require a higher trade spend to close that sale. This cuts into profit margins. An important tracking score to watch is “the brand seem different” helping to separate the brand from the pack. Without any emotional connection these brand get to a certain level and then face stagnant market shares. They make gains during Marketing support periods but face declines during the non-support periods. These brands appear content to hold onto their share and grow at the same rate as the category. In categories with high private label shares, if you focus too much on product ingredients and rational features, the consumer will start to figure out they can get the same thing with the private label at a significantly lower price.

Here is a 3-point game plan for Like It brands: 1) Leverage the brand’s big idea to connect emotionally. 2) Focus your resources on building a bigger following by converting awareness to purchases. 3) Build a culture of passion, where everyone loves the work they produce.

The four brand strategies that Like It stage brands should focus on are:

  • Drive Penetration: Bring in new consumers.
  • Drive Usage: Get consumers to use more/differently by building the brand into a routine.
  • Consolidation: Induce consumers to use the brand for more usage occasions.
  • Cross Sell: Persuade current consumer base to try other products within the brand.

Love It brands
Brands at the Love It stage start to see a higher emotional connection and a resulting power in the marketplace. Indicators include a strong conversion from purchase to loyalty. These brands are able to drive strong repeat and loyalty scores, as the brand becomes a routine or ritual. The brand is now seen as different and motivating. These brands see a strong overall brand funnel with an expanding user base and a strengthening usage frequency as the brand becomes part of the consumer’s routine. Highly responsive Marketing programs and tracking results means the brand can shift to more efficient spending with lower GRPs. The brand sees high adoption of new innovation, which allows the brand to continue to stretch the consumer towards the ideal brand positioning. High net promoter scores leads to high word of mouth recommendations, social media recommendations or positive on-line brand reviews (e.g.Yelp or Trip Advisor). These brands should be able to leverage their power with retailers and influencers. Even in a competitive market, a brand at the Love It stage should be able to gain share and widening their leadership stance.

The 3-point game plan for Love It brands: 1) Tug at the heart of those consumers who love the brand, helping build a community of Brand fans. 2) Shift to creating a brand experience that turns purchases into routines. 3) Turn the love for your work into a bit of magic for the consumer.

The four brand strategies that Love It stage brands should focus on are:

  • Experience: Shift from a product focus towards creating brand experiences.
  • Maintain: Re-enforce the brand strengths with your core base of brand fans.
  • Deeper love: Match the passion of your consumers, treating them extra special.
  • New Reasons to Love: Re-enforce messages to your most loyal users.

Beloved Brands
Brands at the beloved stage are the iconic leaders in their category. These brands have an extremely healthy and robust brand funnel with likely a near perfect brand awareness (over 95%), high conversion to purchase, with strong repeat and loyalty scores. These brands have good penetration and purchase frequency scores. Tracking results show immediate reaction to new marketing programs—high brand link on advertising and high trial rates on innovation. They usually have a dominant share position, at least in a specific segment. They have the power to take a dominant stance in the marketplace, squeezing out smaller brands and reducing the influence of key competitors. These brands have strong net promoter scores and have cultivated a community of outspoken brand fans. Even competitive-users respect these brands, expressing a potential desire to switch in the future. These brands use their power with retailers, who provide preferential shelf space and use the beloved brand to drive traffic to their stores. Suppliers are willing to cut their costs in order to sign up the beloved brand as a customer. Even governments might offer special benefits. The beloved brand becomes an employer of choice for new talent who want to be part of the brand. The brand even has a power over the earned and influential media gaining efficient and impactful media and positive reviews. The brand becomes an asset, with high profitability. It becomes a good stock to invest in.

The 3-point game plan for beloved brands: 1) Focus on maintaining the magic and love the brand has created with the core brand fans. 2) Challenge and perfect the experience. 3) Broaden the offering and selectively broaden the audience.

The four brand strategies that Love It stage brands should focus on are:

  • Magic: Continue to surprise and delight loyalists.
  • Leverage Power: Drive financial value from the brand’s sources of power.
  • Attack yourself: Continue to assess and improve every aspect of the brand.
  • Use loyalists: Leverage brand fans to influence their network.

Knowing where you are sets up your strategic choices

While you will come up with your own uniquely written strategies, where you stand on the Brand Love Curve can help guide you as to the strategic choices you can make.

Strategic Thinking 2016.099

One strategic flaw I see in many brand plans is trying to drive penetration and usage frequency at the same time. This is a classic case of trying to get away with doing two things, instead of forcing yourself to pick just one. Consider how different these two options really are and you will see the drain on your resources from trying to do both. A penetration strategy gets someone with very little experience with your brand to likely consider dropping their current brand to try you once and see if they will like your brand. A usage frequency strategy tries to get someone who knows your brand already, to change their behavior in relationship to your brand, either changing their current life routine or substituting your brand into a higher share of occasions. By doing both, you will be targeting two types of consumers at the same time, you will have two main brand messages and you will divide your resources against two groups of activities that have very little synergy. If you decide that you are going to pick both to do at the same time, you have to stop telling people you are a strategic thinker. It is crazy to try to do both. Yes, in terms of digital media, you can find ways to target both. However, you are still dividing your budget out. Also, any strategy usually goes far beyond media. You should be thinking holistically about the brand story, product innovation, purchase moment and brand experience.

Strategic Thinking 2016.105

 

Knowing where you are today helps you know your next strategic move

To read more about brand strategy, here’s our workshop presentation that we run:

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001

How to lead a deep dive analysis on your brand

Posted on 1 CommentPosted in How to Guide for Marketers

Understanding the situation

Before we plan where to go next, we need to understand “Where are we?” today. We recommend a deep-dive business review that looks at everything connected to the business including the category, consumer, competitors, channels and the brand.

  1. Category: Start by looking at the overall category performance to gain a macro view of all major issues. Analytics 2016 Extract 3.001Dig in on the factors impacting category growth, including economic indicators, consumer behavior, technology changes, shopper trends, political regulations or what is happening in other related categories that could impact your own category.
  2. Consumer: Define your consumer target, digging deep on the consumer’s underlying beliefs, buying habits, growth trends, consumer enemies and key insights. Use a consumer buying system analysis and leaky bucket analysis to uncover how they shop the category and your brand. Uncover consumer perceptions through tracking data or market research.
  3. Channels: Look at the performance of all potential distribution channels and every major customer in the category. Understand your channel customer’s strategies, as well as the available tools and programs your customers have, so your brand can align your brand with each customer and find a pathway to success within each channel.
  4. Competitors: Dissect your closest competitors by looking at their performance indicators, brand positioning, innovation pipeline, pricing strategies, distribution and the perceptions of the brand through the eyes of their consumers. Map out a strategic Brand Plan for all major competitors to help predict what they might do next, and know how you might counter in your own brand plan.Analytics 2016 Extract 3.003
  5. Brand: Understand the reputation of your brand through the lens of consumers, customers and employees. Use brand funnel data, market research, marketing program tracking results, pricing analysis, distribution gaps and financial analysis. Look at the internal health and wealth (inside the company) as well as the external health and wealth of the brand (in the market place).

Brainstorm what’s going on. For each of the 5 sections, we recommend that you brainstorm a list of things that you think are are driving and getting in the way, potential opportunity areas and risks to avoid. Base these on your knowledge of the brand, what you might be hearing or seeing and what your instincts are telling you. Keep a running list and even use your hypothesis with others on your team to see what they think.

Drawing Conclusions

Narrow the brainstorm list down to top 3-5 “opinions” that you should list as your “straw-dog conclusion statements”. You need these statements to know where to begin looking. Look for the right data. For each of the statements, list out the information you need that will either support, alter or refute the straw dog statement. Using the data you find, look for breaks in the data and begin piecing together 2-3 main support points and with your new knowledge, begin to re-write the conclusion statement. Continue to modify the story, both the conclusions and support points as you will keep tightening the story.

To draw conclusions from the deep-dive review, you need to summarize the factors driving the brand, the factors holding the brand back and then lay out the risks and untapped opportunities. Below, you will see summary tool that lays out the top 3-4 points for each box.

Analytics 2016 Extract 3.006

  • What’s driving growth? Focus on the top factors of strength, positional power or market inertia that has a proven link to driving growth behind your brand. Your Brand Plan will be built on continuing to fuel these drivers.
  • What’s inhibiting growth? Focus on the top factors of weakness, unaddressed gaps or market friction that can be proven to be holding back the growth of your brand. Your Brand Plan should focus on reducing or reversing these inhibitors to your growth.
  • Opportunities for growth: Specific untapped areas in the market that would fuel future growth, based on unfulfilled consumer needs, new technologies on the horizon, regulation changes, new distribution channels or the removal of trade barriers. The plan should take advantage of these opportunities in the future.
  • Risk to future growth: Changing circumstances including consumer needs, new technologies, competitive activity, distribution changes or potential barriers to trade create potential risk to your growth. Build your Brand Plans to minimize the impact of these risks.

The simplicity of the deep dive analysis is that it provides a starting point for the issues, as you will want to find ways to continue or enhance the drivers, to minimize or reverse the inhibitors, to avoid or manage the risks and to take advantage of the new opportunities.

To read more about How to Lead a Deep Dive Brand Analysis, here is the presentation from our training workshop that with run for Brand Leaders.

 

Beloved Brands: Who are we?

At Beloved Brands, we promise that we will make your brand stronger and your brand leaders smarter. We can help you come up with your brand’s Brand Positioning, Big Idea and Brand Concept. We also can help create Brand Plans that everyone in your organization can follow and helps to focus your Marketing Execution. We provide a new way to look at Brand Management, that uses a provocative approach to align your brand to the sound fundamentals of brand management. We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution.

Beloved Brands Training program

At Beloved Brands, we promise to make your team of BRAND LEADERS smarter, so they produce smarter work that drives stronger brand results.

  • How to think strategically: Strategic thinkers see “what if” questions before seeing solutions, mapping out a range of decision trees that intersect and connect by imagining how events will play out.
  • Write smarter Brand Plans: A good Brand Plan provides a road map for everyone in the organization to follow: sales, R&D, agencies, senior leaders, even the Brand Leader who writes the plan.
  • Create winning Brand Positioning Statements: The brand positioning statement sets up the brand’s promise to the consumer, impacting both external communication (advertising, PR or in-store) as well as internally with employees who deliver that promise.
  • Write smarter Creative Briefs: The brief helps focus the strategy so that all agencies can take key elements of the brand plan positioning to and express the brand promise through communication.
  • Be smarter at Brand Analytics: Before you dive into strategy, you have to dive into the brand’s performance metrics and look at every part of the business—category, consumers, competitors, channels and brand.
  • Get better Marketing Execution: Brand Leaders rely on agencies to execute. They need to know how to judge the work effectively to ensure they are making the best decisions on how to tell the story of the brand and express the brand’s promise.
  • How to build Media Plans: Workshop for brand leaders to help them make strategic decisions on media. We look at media as an investment, media as a strategy and the various media options—both traditional and on-line.
  • Winning the Purchase Moment: Brand Leaders need to know how to move consumers on the path to purchase, by gaining entry into their consumers mind, help them test and decide and then experience so they buy again and become a brand fan.

We will make your team of Brand Leaders smarter so they can produce exceptional work that drives stronger brand results. We offer brand training on every subject in marketing, related to strategic thinking, analytics, brand planning, positioning, creative briefs, customer marketing and marketing execution. 

To contact us, email us at graham@beloved-brands.com or call us at 416-885-3911.You can also find us on Twitter @belovedbrands

GR bio Jun 2016.001