There are a lot of great technicians in advertising. And unfortunately they talk the best game. They know all the rules … but there’s one little rub. They forget that advertising is persuasion, and persuasion is not a science, but an art. Advertising is the art of persuasion.
Bill Bernbach
Forget words like ‘hard sell’ and ‘soft sell.’ That will only confuse you. Just be sure your advertising is saying something with substance, something that will inform and serve the consumer, and be sure you’re saying it like it’s never been said before.
Bill Bernbach
A great ad campaign will make a bad product fail faster. It will get more people to know it’s bad.
Bill Bernbach
The word brand began simply as a way to tell one person’s cattle from another by means of a hot iron stamp, which makes it the oldest form of marketing or promotion! In the beginning, before modern marketing there was just branding – a form of DIFFERENTIATION. Today RELEVANT DIFFERENTIATION is still the cornerstone of modern marketing.
Here are a few definitions of branding:
Brand (noun):
– a mark made by burning or otherwise, to indicate kind, grade, make, ownership, etc.
– a kind or variety of something distinguished by some distinctive characteristic
– verb (used with object) to label or mark with or as if with a brand.
David Ogilvy, the father of modern advertising defined it as:
“The intangible sum of a product’s attributes: its name, packaging, and price, its history, its reputation, and the way it’s advertised. A brand is also defined by consumers’ impression of the people who use it, as well as their own experience.”
BusinessDictionary.com
Entire process involved in creating a unique name and image for a product (good or service) in the consumers’ mind, through advertising campaigns with a consistent theme. Branding aims to establish a significant and differentiated presence in the market that attracts and retains loyal customers.
Entrepreneur.com
The marketing practice of creating a name, symbol or design that identifies and differentiates a product from other products. Your brand is your promise to your customer. It tells them what they can expect from your products and services, and it differentiates your offering from that of your competitors. Your brand is derived from who you are, who you want to be and who people perceive you to be.
Hence getting your branding “right” is the cornerstone of all your future marketing communications. Unfortunately most small businesses do not get this right and their marketing becomes a painful experience akin to getting “marked” with a hot iron – for all the wrong reasons.
A 2008 PwC survey, “Private Business Barometer IV” paints a depressing yet realistic picture of the Australian small business state of play – about 92% considered cutting their marketing budget. Gregory Will, partner at PwC, rightly points out that these are the very areas that are the source of most small businesses’ competitive advantage. 3 years on and nothing much has changed!
The reality seems to be that we’ve gone from riding on a sheep’s back to acting like them at a time when we need leaders, not followers!
You can call farmers “battlers”, but not the majority of SME business owners – their droughts are mostly self inflicted. The following is a statistic I found on the CPA Australia website – 3 years ago – and it estimated that one in three new small businesses in Australia fail in their first year of operation, 2 out of 4 by the end of the second year, and 3 out of 4 by the fifth year, with only approximately 8% of small businesses succeeding beyond five years.
Failure to plan is a plan for failure
Conducting a business without a formalised plan is much like trying to drive a car to an unknown destination without a map. Yet the estimates are that only 3% to 5% of Australian small businesses starting from scratch prepare a business and marketing plan; that is, know that their business is feasible and have a formal plan to steer that business towards success. Based on the fact that a Feasibility Study, a SWOT Analysis and a Marketing Plan are a part of any Business Plan, I suggest that approximately 70% of all business failures and almost 100% of lack of business growth are due to inadequate Marketing.
Peter Drucker, the grandfather of modern management said business is about 2 things and 2 things only – innovation and marketing! A number of studies conducted since WWII showed something that marketers have known all along – keep marketing through the downturn. The following quote is from Professional Marketing, Oct-Dec 2008 – article titled “All Hands On Deck”: “…companies that increased marketing spend (relative to market size) during a recession, increased their return on capital employed by 5% in the recovery, compared to a 1% decline for the budget cutters”
Most businesses are either ignorant or choose to ignore the empirical evidence for maintaining or even increasing marketing investment in a weak economy
– Competitors tend to cut spending, creating opportunities
– Maintaining promotional spend will sustain or even grow market share
– Stealing share of mind is a bargain during a recession
– Consumers don’t “go away” during a recession, they become more conservative
For most SME’s marketing is an expense and not an investment.
Most SME business owners do not understand the meaning of marketing or branding let alone have any basic understanding of advertising principles to effectively and efficiently reach their target audience. Much of the SME marketing efforts are wasted anyway – just open your local paper, look into your mailbox and see the standard or the lack of it in SME marketing communication. Only a few weeks ago the ABS released a frightening statistic that 66% of Australian businesses do not have a website!
Attitudes have to change
“Ego and advanced ignorance have killed many a business, and continue to do so. …ignorance is acceptable because it means we don’t know. Advanced ignorance, however, is ‘knowing we don’t know’ and doing nothing about it! It’s deadly….there’s information readily available on every conceivable issue relevant to growing a healthier business, but it’s far easier not to seek anything at all.” Says Brett Lowe of Business Planning Works.
There are businesses still around today, that perceive customer service to be a “Thank You” on the invoice
A study of 460 B2B organizations that employed 100+ people, conducted by Strike Force Sales, found that only 6% of Australian companies pick up the phone and respond to a web generated sales inquiry with a phone call. The MD of the company, Chris Moriarty brings this reality home with another statistic that shows 46% of the time auto-response emails are never followed up.
In the last 5 years, I have met hundreds of SME proprietors and completed over 70 SME marketing projects. I have discussed the SME challenges with colleagues and other consulting professionals and have to say that there are glimmers of hope. These generally lie with the younger more entrepreneurial SME business owners who have grown up on the ‘brand rich media diet’.
There is plenty of professional help out there, admitting you need it, is the hard part…
Success on Linked In and in fact in all Social Media channels relies on the principle of leveraging and building your reputation with your existing professional (and personal) connections as well as building new connections that will also hold you in high regard. Yet many Linked In users fail to do this effectively and damage their reputations because they forget the simple rules of engagement when it comes to interacting with their existing and prospective audience online.
This blog entry was prompted by two Linked In invitations in as many weeks, from individuals that indicated they were friends and gave no specific reason as to why they wanted to connect with me and used standard “templated” invites. In fact, having searched my electronic databases as well as my “super computer” called the human brain, I could not remember how or where I MAY have met these two people. These two invites were great examples of what not to do on Linked In. This doesn’t mean that these individuals can’t add value to my network or I to theirs. It does mean that I will wait to accept their invitation until such time that they can illustrate the value in connecting with them. I am confident and hopeful they can do so after reading this.
Below are 5 great articles by Linked In “power users” that discuss the strategies of building your professional network on Linked In as well as the specific do’s and don’ts of Linked In Invitations.
I define Power Users as those that use Linked In to develop and grow their network (and consequently personal brand & business) in a strategic manner – they have objectives, systems and processes. They are thought leaders who have a deep understanding of the medium and the technology and use it to their fullest advantage. This is personal branding.
Here is my long held view and summary of the below articles:
1. DO NOT write anything that you wouldn’t otherwise say in person, on the telephone or in an email. You wouldn’t call up anyone, regardless of your relationship to him or her and utter the standard Linked In template words “join my network” as your opening remark! Then why do so many people do so in the medium of Linked In?
2. Remember that everyone listens to radio W.I.I.F.M – What’s In It For Me? Have a compelling reason for connecting / sending an invitation (in marketing terms – your offer and call to action) or use one or multiple principles of persuasion. As you read the below you will see that appealing to one’s ego in the form of flattery works as well!
Prevalent attitude to accepting and refusing Linked In invitations as well as some great tips on social media networking etiquette:
The official Linked In view and procedure on “how and who to connect to” can be found here:
Perception is Reality. Make sure perceptions of who you are positive and profitable!
Gene Stark
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