Four basic strategies to maximise the effectiveness of your marketing investment.

Four basic strategies to maximise the effectiveness of your marketing investment.

 

 

‘Marketing’ & ‘Communication’ are two words that should not be compounded. They have entirely different meanings.

The confusion of meaning amongst quasi marketers is the beginning of wasted marketing budgets. It is also the source of much of the dumb rubbish clogging up the digital pipes.

Following are 4 strategies to increase effectiveness.

Define the objective of the communication.

What seems to happen here is that the tactics become confused with the objectives. This is not about optimising your website, or deciding whether or not to use Facebook ads, it is about creating the outcomes you want. Create demand for a product, generate awareness of the company, attract funding, and many  others may be the objectives of a marketing investment, but they are not the tools for implementation. Lack of clarity of objectives, time frame, and performance metrics, is a basic marketing sin. I always advocate for a SMART framework.

Who is the audience?

Having figured out why you are communicating, the obvious next step is who you need to communicate with. Who is your ideal customer, and who do you need to engage to generate a transaction?

Your ideal customer may be hospitals with specialist surgical services. A relatively specific ideal customer, but inside that customer, there are those who sign the order, engineers who assess regulatory compliance, accountants who have control over budgets, and the medical staff who use the product. All have different concerns and motivations, and all require differing communications.  Understanding the audiences, crafting messages and selecting the channels by which they will be delivered should be second nature.

What does your audience want and need to hear?

Often these are two different communications. They may want to hear about the prices and delivery times, but they need to hear about the regulatory status, availability, and detailed specifications of the range of options being presented to them.

Your task is to clearly communicate what it is you are offering, the benefit it delivers, and why they should care, along with presenting a call to action that is compelling.

How do you communicate?

What is the tone of the messages, and how do you reach the target is the oldest marketing challenge in the book.

Every successful marketing communication is in some form a story. Do you use drama, comedy, a villain, testimonial, or do you use an academic approach to the copy?  This even applies to the blazing headline of a huge price reduction, where that is the only thing in the ad. Even that tells a story to those that see it.

What media is used, newspapers, magazines, social platforms, direct mail, email, digital advertising, face to face? In most cases it will be some combination of these, and many other options available to deliver messages.

While writing this post, it was constantly in my mind that ‘everyone knows this stuff’ and ‘nobody out there needs to be told, again, how to suck eggs’.

However, the weight of crap I see floating across the web, and sadly into my inbox, unsolicited, told me otherwise.

I am confident nobody reading this needs to hear it again, but perhaps you could share it to your less enlightened comrades.

If you want to get noticed, lift your game!

 

Header illustration via DALL-E in 5 seconds.

 

 

 

Social media platforms are not to blame.

Social media platforms are not to blame.

 

Throughout history, humans have existed in small groups, tribes, and clans. We have worked together for the common good of the small tribe, and often, perhaps most often, been at odds with the tribe across the river.

British anthropologist Robin Dunbar introduced his theory that humans can maintain stable social relationships with no more than 150 people. This is a theory now so well  accepted that ‘Dunbar’s number‘ has almost become a cliché.

The phrase ‘Stable Social Relationships’ has particular relevance in the age of social media platforms. How many friends do you have on Facebook, connections on LinkedIn, followers on Instagram?? For many, it is way beyond 150, often into the many hundreds, and often thousands.

How do you maintain Stable Social Relationships’ with that number of people?

Answer: you cannot.

Social media gets the blame for all sorts of things, rightly so, but it is not the fault of the platforms, it is the fault of evolution.

Our application of technology has run way ahead of our evolutionary capacity to manage it and retain the relationships that made us the most successful species ever.

It seems to me that the growth of private messaging, reversion to personalised even hand written notes, and emotional engagement of ‘Local’ things is a response to the ‘platformisation’ of our social relationships.

I think it is a trend that will continue and grow.

The power of social media platforms will slowly erode as more one to one enablers incrementally retake the ground lost. In the process, we humans will build up ‘evolutionary resistance’ to their power.

I do however see some hurdles in the way, the dark side of social media is as powerful as ever, and Dr Dunbar has little advice on that score.

Header cartoon credit. Lynch. (I have no idea where I found it) 

 

Context before conclusion: Ask more questions. 

Context before conclusion: Ask more questions. 

 

You cannot expect the right answer to come from the wrong question.

Too often we spend inordinate amounts of time trying to answer those questions before we understand the context or the ‘frame’ from which the answer will come.

Before anything else, to ensure the best answer possible, consider all the ‘frames’ through which the situation in front of you could be seen. Hypothesise what alternatives to the immediately obvious could be possible that might drive the situation you are examining.

Several months ago, early on a summer Saturday evening, I was walking my dog. As I passed the church at the end of my street, I saw a vague acquaintance crying.

There were a few other people milling around, so I just made an assumption without realising that is what I had done, and offered to help if I could. Her response was that she was Ok, crying for joy, her first grandchild had just been baptised.

Clearly the question that popped into my head led to an entirely to the wrong conclusion that her crying was from distress.

The frame through which I observed the woman crying led to making an automatic, but incorrect conclusion.

How often in our commercial lives do we ask questions which just assume the presence of some factor, when in fact that assumption is wrong?

The lesson here is make sure you have the context right before you start coming up with answers.

 

Header credit: Tom Gauld at www.tomgauld.com

 

 

 

Does analysis give you the truth?

Does analysis give you the truth?

 

 

It seems that ‘the truth’ is a malleable concept.

We are overwhelmed by opinion masquerading as fact, economic and social models designed to deliver a predetermined outcome, managed correlation equated to causation, and market research that asks the wrong questions of the wrong people.

What is truth to one person is nonsense to another.

We should be able to see ‘the truth’ about what has passed, there is data that should distinguish fact from fiction. However, we still fail to discern the truth from amongst the data available for analysis.

Who is winning the war in the Ukraine?

Depends on who you ask, and both sides have data that shows conclusively that they are winning.

Remember Vietnam? I do.

The Americans had an overwhelming advantage in material, technology, and logistics. How could a little country with few resources and no technology of their own, face and win against the mightiest war machine the world has ever seen?

Impossible but it happened.

Until the Tet offensive commenced in January 1968, there was no doubt in anyone’s mind, apart from the North Vietnamese, that it was only a matter of time until the might of the Americans became overwhelming.

The Americans had data that proved to them they were winning, despite the secret conclusions contained in the Pentagon Papers. It was not until the spring offensive in 1974 that it was obvious to all that the American ‘Facts’ that were being analysed were irrelevant, and the conclusions drawn were terminally wrong.

The clear answer to the question in the header is: ‘only when you analyse the right data.’

 

Header credit: Hugh McLeod at Gapingvoid.com

 

 

 

Yesterday’s fish wrapper?

Yesterday’s fish wrapper?

 

 

Blog posts live on, as does anything posted to the net.

Sometimes they come back to bite us, sometimes they merge from a long hibernation to live again.

Last thing you want is for that Facebook photo from that wild party at university to emerge a decade later when interviewing for that ‘ideal job’.

On the other hand, a simple idea in hibernation for a decade can suddenly wake up and add new value. For someone, its time has come!

It happened yesterday.

A simple blog post from 14 years ago that has hibernated without being disturbed for most of those 14 years woke up yesterday, and went ‘ballistic’.

(Ballistic is a relative term, but in the context of the billions of posts out there, and the usual readership numbers of StrategyAudit, it was ballistic)

Whoever you are that stumbled across this old post, and obviously shared it to your networks, thanks, and I hope you are able to leverage the idea to your great benefit.

 

 

 

 

 

 

 

4 crucial questions to unlock the power of your advertising.

4 crucial questions to unlock the power of your advertising.

 

 

Last week I provided a template for a Customer Value Proposition. The template works well, but ‘Customer Value Proposition’ is a piece of marketing jargon which just means making a promise to your customers.

This presupposes that you actually know who your ideal customers are, and what sort of promise would be attractive to them.

In the January February 2024 Harvard Business Review there is an article called ‘The right way to build your brand‘ written by Roger Martin and two Co-authors. The article sets out research that proves the hypothesis that making a specific promise to customers is more attractive than a generic claim of some level of excellence. The specific promise is about the benefit a customer will receive with use of the product. A generic claim to greatness is just about the product.

It does not surprise that the first is more powerful than the second.

‘Your promise is your strategy’ is a sub headline towards the end of the article. When you think about it, the observation must be right. Strategy is a process of influencing factors over which you have no control in such a way that the subsequent behaviour of the customers benefits your enterprise rather than an alternative. Making a promise of performance in delivering an outcome desired by a customer is about the strongest driver of short-term behaviour I can think of.

Delivering on the promise, will build trust.

Right at the end the authors ask four crucial but simple questions that can be used to determine if a proposed advertising campaign is worth investing in:

  • Is the campaign based on a clear unambiguous customer promise?
  • Were customer insights used to identify a promise the customers value?
  • Is the promise framed in a way that is truly memorable?
  • Were product marketing, sales, operations, and customer service involved to ensure the promise will be consistently fulfilled?

To me, this sounds like a comprehensive framework by which to decide if a proposed communication campaign is a worthwhile investment.