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Effective Advertising Workshops Newsletter
Volume IV Issue 3
In This Issue
5 Things Everyone should know about branding
Media Pros and Cons
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March/2010
Dear Reader,

As you have probably figured out, we believe that branding your business is critical to building your business.

Please note the "Five Things Everyone Should Know About Branding" by Rob Marsh, COO at Logoworks by HP.

 
5 Things Everyone Should Know About Branding

For the past ten years, branding has been a hot topic. Experts have written thousands of books and articles, and presented hundreds of workshops that detail what it is and how to do it. Want to create an iconic brand? There are several books that can help. Want a legendary brand? There are books for that too. How about a guerilla brand, a techno-brand, a digital brand, an emotional brand, a simple brand, a primal brand, a luxury brand, or a successful brand? The list is almost endless and there's a book or seminar telling you how to create all these and more.
 
If you're like most small business owners, you simply don't have the time (or desire) to sort through it all. So if you're not a branding expert, is branding something you should even worry about?
 
Absolutely.
 But probably not in the ways you might expect. In order to explain what that means, let's answer a few of the most common questions business owners ask branding.

1.     What is branding?

You've probably heard the Indian folk tale about the five blind men asked to describe an elephant. One man took hold of the tail and said the elephant was like a rope, frayed at the end. The second man held the elephant's ear and described it as a thin, leathery fan. The third felt the thick rough skin of the elephant's leg and said it was like the trunk of a tree. The men holding the trunk and tusk offered different descriptions of what an elephant was. Of course they were all right ---and all wrong.
 
Branding experts have offered different descriptions of branding and the best ways to do it. Often they, like the men touching the elephant, are describing different parts of branding. Designers talk about branding as it relates to the logo and trade dress (the look of the packaging and the store). Most advertisers think about branding as it relates to television and radio commercials. An Operations Director, Technology Manager, Customer Service Agent, and Salesperson will all have different opinions of what branding is. So how do you bring all these parts together into one whole?
 
Simply put, your business is your brand.
 
Said another way, your brand includes all the elements that make up your business. It starts with your product or service, but also includes your logo, your store front, your delivery vehicles, the person who answers your phones, your return policies, your service guarantee, your advertising, your partners ... you get the picture.
 
2.     I have a logo. Isn't this my brand?

Your logo is the most recognizable element of your brand. Because of this, many people use the two terms (logo and brand) interchangeably. There is no doubt that a great logo helps customers remember and recognize your product or service more easily. But your logo is simply a graphic representation of all the other parts of your brand --- it's visual short-hand for all the great things your business does. The logo is important, critical even. But it isn't your brand.
 
3.     Does branding require a big marketing budget?

While money definitely makes it easier, great branding doesn't require deep pockets. But it does take thought, a bit of creativity, and a willingness to try different things. When Geek Squad founder, Robert Stephens, started his business, he needed a way to stand out from all the other guys providing a similar service. So he bought a unique car and wore a short sleeve, white shirt and skinny, clip-on tie. And he focused on delivering one-of-the-kind service (including little details like returning calls within minutes and taking off his shoes as he entered a home). There were dozens of other consultants offering similar services, but Stephens stood out. His customers remembered the service, the unique uniform, the black and white car, and ---this is the important part---they called him again when they needed him. Today Geek Squad is a big business, but it wasn't too long ago that Robert Stephens was a small business owner with no budget and a creative idea for making his business stand out from the crowd.

4.     How do I get people talking about my brand?

There are as many answers to this question as there are business ideas. Again, it takes creativity and a little work, but there are literally thousands of ways to do it. The very best way? Have a great product. This is exactly how Bear Naked Granola grew their tiny business---by using all natural ingredients, they created a terrific tasting product (my mouth waters just thinking about it). As more people tried and loved their product, they told their friends and family, who bought a bag. When these new customers tried it, they loved it too, and told even more friends. Starbucks did something similar by creating a unique experience around a cup of coffee (yes, Starbucks is big business with big budgets today, but it wasn't too long ago that it was a four-store chain with a new idea about how coffee should be served).
 
Of course, you can try things like contests, special offers, and PR events, but gimmicks don't last long. If your product isn't better than your competitor's, or if you don't a service or experience that is different in some way, you will always struggle to get people talking about your brand.
 
5.     What is the most important thing to remember about my brand?

Always remember that you are constantly building your brand, whether you do it consciously or not. The decision to hire (or not) a customer service person with bad grammar is more than a service decision, it's a branding decision. Choosing to raise or lower prices isn't just a question about margins, but about branding. How you keep your store, how you treat your customers, the products and services you offer---these are both business and branding decisions. You are always building your brand.
 
Now back to the question we asked at the beginning of our discussion: Is branding something you should worry about? Again, the answer is "absolutely." But it doesn't require stacks of books or attending branding workshops. Instead, it takes thought, a little creativity, and consistency over time. By thinking about your business decisions as branding decisions, you make a more active approach to your brand. And that will help you attract new customers and stand out from your competition---which ultimately may mean finding real business success.
Rob Marsh is the COO at Logoworks by HP and author of the Brand Story Blog
 
 

Media Pros and Cons
media types
Most of you that receive this newsletter have seen one of our workshops. We try to present all media to you, the good and the bad, and let you make your own decision. Usually our "partner" is a television station, and we certainly put our partners in a good light.

We came across a cable presentation called Media Pros and Cons. We thought you might like to see it so we've put it into chart form.

This chart outlines the basic strengths and weaknesses of each media. Additionally it attempts to identify potential opportunities and threats facing each medium in the future.

 

Local Broadcast Television

Strengths

Weaknesses

Broad reach

Declining ratings

Buzz worthy programs

High out of pocket cost

Full DMA coverage

Weak summer ratings/ programming

Intrusive/ Immediate impact

High production costs

Sight, sound & motion

No ability to target specific areas within the DMA

Opportunities

Threats

Easier buying process: Full electronic transmission of buys & invoices

Continuing shift of viewers to Cable

Increased number of channels available after digital transition

Ad-skipping (DVR's)

Re-broadcast high-rated programs on alternative video devices(internet, mobile, On Demand

Internet video

 

 

Local Radio

Strengths

Weaknesses

Targeted

Lack of visual

Copy change flexibility

Poor measurement

Low out of pocket pricing

Difficult to build audience reach

Mobility - in car listening

High commercial clutter

Low production costs

Audience is not actively engaged

Promotions, community tie-ins

Time spent listening declines each year

Opportunities

Threats

HD radio

Expansion of satellite radio

Podcasting

MP3 players

 

 

Newspapers

Strengths

Weaknesses

Immediate reach

Declining circulations

Allows in-depth product explanation

High out of pocket for large units

Geographic targeting

Readers rarely look at all sections

Variety of creative ad sizes

Skews older (50+)

Tangible

Visual only, non-intrusive

Good for price shopping / coupons

Questionable measurement

 

Clutter

Opportunities

Threats

Online companion websites

Alternate news sources: Cable news, Internet

Youth oriented, alternative papers

 

 

 

Internet

Strengths

Weaknesses

Accountability/ ROI

Advertising seen as too intrusive

Drive directly to website

Must have a website to link to

Engaged audience

Declining click through rates

Unique creative units

Advertising clutter

Strong targeting capabilities

 

Ability to interact with ad

 

Opportunities

Threats

Faster connections, continuing migration to broadband

Alternative entertainment/ information devices

Expanded video/ programming offerings

 

 

 

Direct Mail

Strengths

Weaknesses

Targeted by location, personal interest, buying habits

Non-intrusive - could be thrown away unlooked at or unopened

Unlimited message length

Only as good as your mailing list

Coupon offering

Most direct mail impersonal - addressed to "resident" or "occupant"

Relatively easy to track response

Production costs can be high depending on size of piece

Low cost per thousand

 

Opportunities

Threats

Better mailing list companies: list services are getting better at tracking address changes, etc.

"Do not mail" list

 

 

OOH (Out of Home - Billboards)

Strengths

Weaknesses

Broad reach

Short exposure time (6-8 seconds)

Ability to target specific locations

Limited message capability

Large units can make a strong impact

True mass media - no demo targeting

All day, all week exposure

Questionable measurement

Low cost per thousand

Creative can be vandalized or easily damaged

 

High out of pocket for large units

 

Audience is disengaged

Opportunities

Threats

Almost unlimited new venues possibilities(elevators, bathrooms, etc)

Environmental regulations

Creative beyond a billboard- video capabilities

 

 

 

Magazines

Strengths

Weaknesses

Psychographic & demographic targeting capabilities

Non-intrusive - reader can ignore ad

Engaged audience

Long audience cume - takes time to build reach

Ads can be reviewed/ studied at readers' leisure

Most publications are not mass reach

Portable / tangible

Long shelf-life - difficult to promote a time sensitive message

Variety of creative sizes / units

Clutter

Opportunities

Threats

Online companion website

Continuing migration to TV & Internet for news/ information

 

 

Wired Cable Television

Strengths

Weaknesses

Deeper consumer connections: Geographic, Demographic, Psychographic, etc.

No full DMA coverage

Viewer migration from Broadcast to Cable

Lower rated programs

Original, water cooler programming

 

Sight, sound & motion - intrusive/ immediate impact

 

Affluent audience with higher disposable income

 

Opportunities

Threats

New technology (VOD, iTV)

Internet video

Improved targeting > dynamic ad insertion

Telcos

Set-top box data

 

Leverage programming on alternative video devices(internet, mobile, etc)

 

 

There are many generalities and some major weaknesses are glossed over. Please note that this presentation speaks to all advertising, not Branding per se. Passive media (print media) is virtually worthless for any branding campaign. It is almost impossible to create image awareness with newspaper, magazines, billboards, direct mail, yellow pages, and the internet.

If you have any questions about this presentation, feel free to contact us .

See you in Texas, Kentucky, and Virginia in the next few weeks.

If you missed any of our newsletters -  back issues are viewable on our website Check it out

Sincerely,
 

Larry Kirby
Effective Advertising Workshops
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