Brand New Resolutions MMXXIV
I know, I know. Resolutions are passé. Nonetheless, I had to vent these thoughts that had been bubbling in my mind for the past few days and what better a way than to write a blog post. Since it was that time of the year I just decided to go ahead and put them in the form of an ancient ABVS tradition.
Without much further ado, let us jump right into my proposed Resolutions for Brands in 2024.
START | Re-imagining Products (&Solutions)
Enough and more has been written, discussed, and debated about how consumer and customer behaviour has seen a paradigm shift post-pandemic. That said, how many brands have re-thought or re-designed or re-organized their offering on account of this change? Not many one would reckon.
All of us acknowledge that it is a more connected world than it was pre-COVID19. Not because the technology was not available but because the adoption of technology had not happened. The pause in commerce in the 2 years of lockdowns has accelerated adoption journeys and tech roadmaps.
Therefore, in an IoT led world with AI making headlines and some real headway, dumb products without connectivity and with little or no user interaction are setting themselves up for failure if not extinction. Brands and more specifically Product Managers need to look hard at the JOB TO BE DONE and introduce some level of intelligence and interactivity in their offerings. The trap to avoid though is it being a lip-service or a gimmick.
STOP | Green-washing
Consumers today are more discerning. Only the brands GENUINELY integrating SUSTAINABLE in their narrative shall be able to or shall we say allowed to reap the rewards. Overtly simple methods of the last century such as using adjectives such as “Natural”, “Organic”, “Traditional” in communication will not work. It’s not just the offering but also the value proposition that needs to be sustained (sustainable).
Yes, there is a consumer who is willing to pay a premium for sustainably produced/sourced/managed products and solutions but that does not mean brands have a birthright to a higher price-point.
All brands sooner or later will need to spell out their vision and sustainability goals. Whether from a compliance perspective or from a consumer preference perspective or a market valuation perspective, brands shall be compelled to share their sustainability dashboards.
MORE OF | Data-driven Marketing
The downside of the social era has been that brands have started to confuse conversations with/ feedback from consumers with primary research, analysis, and culling insight. All marketers do understand that the Voice of Consumer is the starting point not the point itself. It is imperative that brands plan for and ensure that a strong understanding of the consumer/user continues to be the basis for creating products or solving problems.
Any understanding of the market that is built on data, reports and research is paramount and should take precedence over anecdotal evidence.
Research aside, consumer immersion is hygiene and brands should mandate this for their team. Every minute spent observing consumers in their setting is invaluable.
Many of my past colleagues at Nokia have (at that point in time very grudgingly) spent tens if not hundreds of hours in consumer visits. The repository of consumer understanding that the exercises built is something that I am sure all of us bank on till date – it is become the part that has honed our marketing intuition.
LESS OF | Follower Mindset
This is a pet-peeve. Also a sign of a lazy marketing organization. If something has worked for Brand A it is not necessary for Brand B to respond with a “Me Too”. Caution here is not to confuse this with being a fast-follower which isa well-accepted strategic approach.
A follower mindset is by definition reactive. Marketing teams that craft quick communication or value propositions based on market feedback beware. The battle for counter-share and shelf-share shall always force sales teams to demand an equivalent for a competitor’s new launch or variant. It is incumbent on the Marketers in the organisation to alter value for the consumers.
So be it a extra-lathering shaving cream or extra-whitening soap with dirt busters, the response cannot and should not be bigger, better, faster, more alone.
Points mentioned in the START and MORE OF if adopted should help brands come up with better ideas.
Here’s wishing all fellow marketers a great 2024!
A Lot Like Love: Branding Your Way to your Consumers Wallet
The best way to a Consumers Wallet..is through his heart!
As marketers creating products and communication our biggest challenge is to resist an overload of the rational. Facts and figures as tempting as they seem seldom cut through. Moreover,in todays information age facts are available at the click of a button. So do we really need to be giving more?
Ideally, a brand-consumer interaction should evoke a positive emotion that gets nurtured over time facilitating decisions made by the consumer in favour of the brand. Most agencies argue in favour of an emotional communication and the brand managers are invariably guilty of pushing more fact than necessary. After all, powerful emotions need a powerful loop back to reality. Wrong!
It is true that emotions are invariably in response to a stimulus and that the extent or depth of consumer reaction is a function of the relevance. Brands attempt closure by communicating why the product is relevant to the consumer. We all know brands are built over several campaigns. While the consumer is not out there connecting the dots, there is a residual impact that is lasting which is where emotions come in. A rational journey almost always requires a brushing up on the other hand we can restart an emotional journey after a pause,no matter how long!
Often, the obvious is so close to us that it escapes notice. Having set an emotional context,I guess the mistake that we make is that instead of building on the relevance of the emotion to consumer we bring in the product features.
One may argue that there’s only that much that can be achieved within 30seconds or 45 or 60 whatever the edit length is. Well, yes and no. Yes, there is a limited timeframe to pack in everything. No, it is not just a TV spot that serves as our communication, we live our life in a continuum, there are other avenues available to build the bridge from the emotional to the rational and from thereon to purchase. I have talked about this in a previous post http://abrandviewstory.wordpress.com/2013/12/27/somewhere-over-the-rainbow-principles-for-finding-the-pot-of-gold-in-a-digital-world/ even outside the digital world money spent on a “build” is better than a “repeat”.
As a consumer, if the emotion that you evoked was powerful enough, I will try to find out more, I will find that bridge between the emotional and the rational.
Time and effort are better spent sharpening the emotional side of the communication leading upto why that emotion is relevant to the consumer.The greatest dis-service a brand can do itself is to evoke that emotion and leave it un-nurtured. You might as well spend money on your competitors campaign!
So as a brand or as a product communicating in the emotional plane, I should have answers to the following questions which are indicative not exhaustive:
1) The Promise: What am I going to make you feel? Joyous, triumphant, wanted etc.
2) The Method: How am I going to do it? I am a tool, pride of ownership etc.
3) The Reason: Why should you believe me? Endorsement, Trust etc.
4) The Provocation: Why now is the best time? Opportunity, urgency of need, etc
5) The Exclusivity: Why nobody else will do the way I do? Understanding you, knowing you etcA lot like love isn’t it?
And as food for further thought here’s a recent communication that caught my eye, how many of the above boxes do you think it would tick?
http://www.youtube.com/watch?v=R_UKea_y_dc&list=TL4ekK7bBB2W62RhS_eUfMTFOyzBONMfs0