Posts Tagged ‘brand building’

Walk in another’s shoes.

Monday, June 7th, 2010

Today, I was reading a review in The Wall Street Journal of the new book Delivering Happiness by Tony Hsieh, the 36-year old founder and chief executive of Zappos.  As the title indicates,he attributes some of the success of  Zappos on the company’s approach to customer service, or “delivering happiness.”  I’d like to read more.

One of the best things to come out of social media is teaching companies the impact customer service has on a brand.  Social media has made our transactions transparent.  Those companies that embrace social media and customer complaints, as well as compliments, are finding that honesty truly does build brand equity.  Even consumers know that not everything is perfect all of the time.

So take a walk in your customers’ shoes, who knows, after ten years, you might be able to sell your company for $1.2 billion, just like Mr. Hsieh.

shoe

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Posted in 2010, Strategy | No Comments »

Old Dogs. New Tricks. Social marketing and brands.

Wednesday, July 22nd, 2009

Social media is all the buzz. Interactive firms are the agencies of record. Digital is the panacea for marketing.

But is it really?

According to a recent survey by the Keller Fay group, 22% of word-of-mouth conversations are sparked directly by traditional advertising and those people are more likely to include brand recommendations than the remaining 78%. An even higher proportion of online buzz, 30%, is generated by ads.

Could it be that social media is just another tool? During a recent webinar there was a question about whether or not reviews and questions posted online should be answered by a company. One participant answered “Would you ignore a ringing phone?”

A recent study by Harris asked Americans what type of ads were most helpful in making purchase decisions. Over one-third (37%) said television ads are most helpful. Interestingly 50% of people aged 18-34 said television ads are most helpful. Big surprise, one third (31%) of the older Americans 50+ selected newspapers as the medium most helpful. Old dogs perhaps?

In the interactive world, 14% said internet search was most helpful and only 1% selected internet banner ads. On the flip side 28% said that no ads were helpful in making purchase decisions.

The fact is that marketing is much more than the product or service’s presence in the digital world. It is about presence in traditional mediums. It is how consumer concerns are answered online and on the phone, it’s about the quality of the product, it’s about pricing, it’s about the emotional connection communication makes with the consumers. It’s about service after sale.

Has marketing really changed? Isn’t marketing about creating a relationship with your customer? Telling them about new things – items they want, ideas they talk about, products they use and recommend. Building a relationship is building a brand.

The cool thing is that the methods to communicate are constantly changing. With all these new tools, old dogs can learn new tricks.

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Posted in Brand Adages | No Comments »