Tag: advertising

The commoditization of marketing

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Trust in digital advertising has never been so low. As a global industry, advertising is now considered to be the less trustworthy, coming after the likes of banking, energy, and telecoms.

This is nothing new.

Gary Vaynerchuk is right when he says that marketers ruin everything. His point is simple. It happened with TV, radio, mail, magazines, newspapers, internet, e-mail, and it is now happening with Facebook, LinkedIn, Twitter, Snapchat. When a marketer finds that the attention of the audience is somewhere, millions will follow, and soon (with TV, radio and magazines it took decades, but now it’s faster) people will veer somewhere else. The chase resets, and this process is never ending.

I would actually go as far as saying that it’s not only marketers. As human beings, we have the tendency to repeat what worked yesterday, to emulate success wherever we see it, to go down beaten paths.

Gary Vee says that this is inevitable, that there is no way out of this downward spiral. He might be right, yet I believe he would agree that there is a huge value in leading rather than following, in going after the niche rather than the mass, in finding your own unique way of doing things rather than copy-pasting what others have done infinite times.

Because after all, what really makes people shut down and move on to the next thing is the race to the bottom, designing for the lowest common architecture, dumbing things down to reach the maximum result with the minimal effort.

Art has never driven people away. And marketing, if done well, is art. It might not be for everybody, and that is perfectly fine.

Learning from the past

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In 1900, Édouard and André had a problem.

About 10 years earlier, they had started producing pneumatic tyres for bicycles in Clermont-Ferrand (France), and after a while they expanded their business with pneumatic tyres for cars. Their pneumatics were special for the time, as they were not glued to the wheel, and therefore could easily be replaced. The problem was that in the whole France there were about 3,000 cars. Not much to have a viable business.

Their idea to overcome this obstacle was somewhat revolutionary. Instead of perfectioning their product (already excellent), or trying to gain market shares from competitors (whose product was inferior), they asked themselves a question that each marketer (and business person, to be fair) should ask themselves: what problem can we solve for our potential customer so that they would be more willing to buy a car (and our tyres)?

In one of the very first examples of content marketing, the Michelin Guide was born. A list of hotels and restaurant to make it easier for people to tour the cities, information about how to change tyres (Michelin tyres, of course), as well as a list of mechanics, car parts ads, maps and other basic information. Nowadays, more than 100 years later, when we hear about the Michelin Guide, we barely associate it with a tyre manufacturer, yet its name is well known (and respected) by everybody who likes to travel and eat good food.

The history of marketing and business is full of such anecdotes – another good one is how Procter&Gamble basically put the “soap” in “soap operas” when it started producing radio dramas in the 30s.

Content marketing is not an invention of the new wave of digital marketing. It is good to remember that the examples from the past who stood the test of time and deeply impacted our culture, have all started from a business need and a consideration that nowadays marketers seem to have forgotten: if you do not know who you are selling to and what they value, it will not stick.

Permission marketing

Fabrizio1 Comment

Permission Marketing is a book (and an idea) by Seth Godin that is 20 years old this year. And yet, its message is still so powerful and actual.

Permission is the opposite of interruption.

With traditional media, people’s attention is constantly interrupted with an advertisement, that basically asks them to focus on something they did not want to focus on in the first place. It is an invasive form of doing marketing, and the customer is powerless as the choice is little: whether you are watching television, listening to the radio, driving home after work, your entertainment and train of thoughts is subjected to messages that are short, catchy and completely not requested.

With the Internet and the multiplication of information (and of promotional messages), Godin argues that there is a new possible way to do marketing. A way that aims at establishing a long term relationship with your target audience. A way that is respectful of and empowering for the customer. A way that is possible because, after all, the Internet is not a mass media, but a niche media, “the biggest direct marketing platform that ever exhisted”.

This is permission marketing. Instead of running ads to the mass, you seek to craft a message that resonates with some people (your audience), so that they consent to hear from you again. Permission marketing has three key characteristics.

  • It is anticipated, as people long for it, they want more. They ask “what happened?” if you stop sending them messages.
  • It is personal, or at least it reflects a need for self-identification, and as such it resonates deeply with the wanted identity of the receiver.
  • It is relevant, as it is supposed to be just what the receiver was looking for.

The message is still relevant, as the way we use the Internet today as marketers is much more similar to the way you would use a mass media.

Our inherent laziness makes us believe that by running ads, everywhere, to everyone, and by scaling them when our budget increases, we can actually be successful. And sometimes, that is the case. Yet more often than not, we end up being ignored.

The ironic thing is that marketers have responded to this problem with the single worst cure possible. To deal with the clutter and the diminished effectiveness of Interruption Marketing, they’re interrupting us even more!

Seth Godin

Permission marketing is a long-term effort (Godin compares it to dating to find a life-time partner, while interruption marketing would be more like clubbing) and it consumes one of the scarcest resources in a world that lives at the speed of life: patience. The final result, though, is the creation of a tribe, a passionate relationship with our people that can last forever. Or at least, until we end up betraying the trust we have been given.

 

 

There is no such thing as a free social media platform

Fabrizio1 Comment

We are hitting our heads against a wall.

For years, we have believed in the myth of “free”. Listening to music was free, watching a video was free, posting your piece of content was free. Whether you were an individual or a company, you could get in front of a fairly wide audience with a very small investment of energy and time, and essentially without spending any money. And of course, as we were getting blinded by the allure of “free”, we forgot about a very important fundamental.

There is no such thing as a free lunch.

Even when things appear to be free, they are not.

While we have not paid a dime to publish and distribute our content for the past decade or so, we have most likely contributed to the impoverishment of our society and to the extremization of the public discourse.

Furthermore, as marketers we keep banging our heads against the wall every time a platform curbs our potential to reach our audience (current or wanted). We might just understand and accept that those platforms do not exist to allow us to spread our message to whoever we want. And instead we first spend weeks over weeks complaining about how our posts used to get 1000 and now gets 200. Then, we try to game the algorithms, we hack a bit further to try to squeeze more, we ask strangers of dubious reputation to publish or click on links just to try to increase our content’s rank, we use shortcuts to boost metrics that have absolutely no business relevance.

The basics of marketing have been the same for decades, and if we manage to stop our head just for a second, we can see that is what still matters nowadays.

  1. Understand who your audience is.
  2. Ask what they need help with.
  3. Match your product or service to the help needed.

The rest is noise. It distracts us from achieving things that matter and from delivering meaningful change.

The trap of doing

FabrizioLeave a comment

Urgency is a myth, so before you start taking action, make sure you understand what you are acting upon.

In marketing, for example, it is very easy to fall in the trap of doing. You start a new job, there is a pressure to get more visits to the website, more content, more leads, and so you begin with tactical actions already on your second week on the job (if you have been good enough to last that long). You do not know anything about the customer, very little about the product, even less about your colleagues, what they do, what their challenges are, and why you are in the job in the fist place.

No wonder many are dissatisfied with their marketing efforts. There is a reason if tactics, channels, messages change all the time, while strategic marketing is essentially the same from decades. Start with the basics, make sure you clearly understand who you are serving (internally and externally), and what you can do for them. Where they are found, why they should care, whether there are alternative solutions to their pains and why yours is better.

If your boss does not understand that, you might be in the wrong place. You need to build solid foundation if you want to build anything that stands the test of marketing fads.