Wednesday, May 29, 2013

S.U.C.C.E.S.S.


In Gladwell’s bestselling book The Tipping Point, he suggests that in order for a change of epidemic proportion to occur, the message underpinning the movement needs to be “sticky.”  By sticky, Gladwell implies that the idea is either so appealing, motivating, or memorable that it will influence a person’s behavior.  The stickiness factor says that messages must have a certain character which causes them to remain active in people’s minds.  When an idea, concept, product, etc., is considered to be sticky to a significant population of people, epidemics happen.  This is a key aspect of successful marketing tactics today.

Authors Chip and Dan Heath extended Gladwell’s concept in their book Made to Stick.  They basically broke the stickiness concept down into fundamental components in the acronym Success (Simplicity, Unexpected, Concreteness, Credibility, Emotion, and Stories).  Their message is in order for something to “stick” it should meet as many of the following criteria as possible.

First, the idea or concept needs to be simple.  Complex ideas or concepts are too difficult to remember for most individuals.  The simpler it is, the easier it is for people to recall and recite.  Next ideas often stick if they have an element of surprise or in other words are unexpected.  Concepts consistent with people’s expectations don’t always get your attention.  Ideas need to be concrete.  That is, the more obtuse or vague an idea is, the more difficult it is to relate to and remember.  A concrete concept is also more credible in the minds of people which are therefore more believable and more attractive to our memory processes.  Ideas that appeal to a person’s emotions are also more likely to be memorable.  Anytime emotion can accompany logic, the chances of recognition and remembering are significantly increased.  Lastly, many ideas are best conveyed through messaging or morals such as in stories.  Often concepts are more understandable when supported by analogies that people can relate to their personal experience, values or mythologies.

A good example I can offer is the advertisements for supporting third world relief efforts known as financially adopting a child.  These advertisements meet most of the criteria suggested in Chip and Dan Heath’s Made to Stick.  Clearly the images of starving children appeal to a person’s emotions.  The program is simple but unexpected in that just a few dollars a day can save a child’s life.  The program is deemed concrete and credible by showing how the money you donate goes directly to the relief efforts of your “adopted” child and not towards bureaucratic administrative expenses.  The story component comes into play when you receive a pamphlet in the mail with the child’s personal story, history and pictures.

This is a video of Chip and Dan Heath's book Made to Stick.

Tuesday, May 28, 2013

New MSU Brand Mark

According to Pride & Ferrel's Marketing book, marketers must make decisions about products including choices about brands, brand names, brand marks, trademarks, and trade names.  After reading about branding, I started to think about Montana State University and how they have recently had to make some of these considerations due to their efforts to re-brand the Bobcat logo, or brand mark.  On April 17, 2013 Montana State University came out with the new logo for the school and for Bobcat Athletics.  Montana State now has a new bobcat head and letter M in a more modern style, which embodies the fighting spirit of the school.  The new letter M is in block style font still with some curves on the points of the M to differentiate Montana State University's M from those of Michigan State and Missouri.  The Bobcat head has a more compact and round shape, an eye that has more detail, ears that have obvious tips, and a mouth that is now white instead of all gold.  It was reported that MSU paid Torch Creative $18,000 to recreate the new letter M and Bobcat head logo. Athletic Director Peter Fields, announced that MSU will end up also having to pay over $50,000 to incorporate their new look in the football stadium and as well as other stadiums. So, why spend all this money for a few tweaks in the font of the M or to change the color and ears of the Bobcat you ask? Well, it’s all about branding and innovating products so that the brand can help the community/consumers identify specific products. In this case, Montana State is using a new brand mark so that people/consumers can determine Montana State from different schools.  This re-branding process that MSU went through was intended to represent and reflect the characteristics and dynamics of the teams at the university.  Peter Fields stated, "We see these new identity elements as an investment in the program, and they are truly unique to Montana State University and Bobcat Athletics." Fields also added that the coaches and athletes want the logo to reflect their success, while still honoring tradition.  The new logo represents action while remaining true to the original Aggie Spirit.  I am interested to see if the Bobcat community will respond the same once this football season starts to unravel.  Needless to say, this new brand mark will increase sales for Montana State due to the up sale in merchandise. Regardless if people like the new look or not, fans will want to sport the new logo due to their brand loyalty to the school. So everyone, it’s time to hop on board! Out with the Old and In with the NEW! GO BOBCATS!

What set of logos do you like better?  New or Old?


Sunday, May 26, 2013

Can we really protect our privacy online?



This last week I read the article Facebook is Using You from the New York Times and it really got me wondering how and where my information is being shared. I mean who has the right to know what I am browsing about online. Something as little as typing in a word in Google search can trigger ads related to that topic to appear on my browser solely targeted towards me. The article mentioned that there are companies out there like NeBuAd that can sell your personal aggregate data to other companies to enhance their marketing efforts. Although, this is a great way for a company to reach their target markets; is this an invasion of privacy and is it ethical? According to the article many American's believe we need a "do not track law" that is similar to the "do not call law." People are concerned that their personal history online will affect their life opportunities. I can say that I too am concerned for my privacy online and whether or not my browsing history will affect my chances of getting a mortgage or a job! I think a line needs to be drawn so consumer’s privacy is protected and companies can profit off of online marketing. So, how can we obtain a mutually beneficial relationship regarding our privacy? One option may be to create a law so that the consumer must be asked if they company can have their personal information, like your e-mail address. Sometimes, when I am online shopping I will encounter offers from companies to enter my e-mail address for a discount or promotional deal that I will receive just to sign up on their mailing list. I think approaches like those offer positive ways for companies to get our personal information. Instead, we have companies like NeBuAd that digs into all of our personal details and sell them for a flat rate without any consideration of how it may affect the person. The new technological world of data is a lucrative and powerful marketplace with a variety of people and firms involved. There are a lot more people out there tracking you than you think! So, be careful! You've been warned!
Here's a video of the CEO of NeBuAd attempting to defend his company's values.

Thursday, May 23, 2013

Scotch Brite wants to get it Right

So far in my Marketing class I have really learned how important it is for companies to make products that consumers want.  I never knew how much emphasis got put on the customer’s needs and desires when companies attempt to develop new products!  Then, last night I was watching the Food Network as I was cooking up some dinner and a Scotch Brite commercial came on that made me think of what I have learned thus far in my course!  Now, normally I wouldn’t decide to write about a cleaning scrubber, but this hit right on target with me!  The commercial starts out with two employees from Scotch Brite that go to a home and eavesdrop on a woman complaining about her dish scrubber. The employees then go back to their company headquarters and develop a scrubber that the woman wishes she had in the first place!  After watching the commercial I thought, “That is just what I learned in class!”  This commercial reinforces the fact that making products based on the customer is key to being successful in the marketplace.  The marketing concept revolves on customer satisfaction. Looks like Scotch Brite has the right idea! Check out the commercial below!



Wednesday, May 22, 2013

Rambling about Responsibility




Why should marketers care about being socially responsible? What is social responsibility in the first place?...

I have learned that social responsibility is known as an organization's obligation to maximize its positive impact and minimize its negative impact on society. It has been said that, "A good company is also a good citizen." An enlightened company understands that it is in its best interest to be socially responsible because an enhanced reputation is more likely to attract customers, investors, employees, and suppliers. Effective marketers should incorporate some level of social responsibility in their work to build relationships with these key players to be both beneficial to society and the organization itself. Doing so helps create a positive image for the company and in response people will be more inclined to become loyal customers and support them if they believe their practices are ethical. Moreover, a company that practices social responsibility can potentially receive the benefit of free marketing through media outlets and dedicated customer's word of mouth. One company that exhibits a strong sense of social responsibility in the core of their marketing strategy is TOMS Shoes. TOMS was created by Blake Mycoskie on the foundation that for every pair of shoes sold, one pair would be donated to a child in need. TOMS Shoes realized that consumers want to feel good about what they purchase, and thus directly tied buying with donating! TOMS Shoes embraces this act of social responsibility in all of their marketing efforts and in turn has donated a million shoes! This is evidence that people clearly embrace causes with beneficial results!
Below is a video about TOMS Shoes.




Sunday, May 19, 2013

Online Shopping = Marketing Opportunity

Today, more and more people are turning to the Internet for their shopping necessities and desires. Therefore, it only makes sense to come up with a plan that consists of online shopping and Internet marketing! Businesses all over are taking advantage of the advancing technological world and are using marketing tactics to target to their online shoppers. A big part of being successful at marketing your products online is to develop a website that is appealing and user friendly for customers that stands above the competition. For instance, as an online shopper myself, I do a lot of my shopping at a website called Zappos.com. This website has a variety of different products with extensive reviews, is easy to navigate, has daily promotions, and offers free shipping. One aspect that differentiates this site from its competitors is that every individual product has a video with a sales representative describing and modeling the product so you can relate your experience to shopping inside a store. Due to my successful shopping experiences with Zappos.com I have become a loyal customer and resort to them for a vast majority of my online shopping. Another evolving benefit for marketers is the ability for them to reference people's recently viewed items and recent purchases online and then cater their offerings in line with the consumer's purchasing patterns. This tool makes is convenient for marketers to easily accommodate to their target market. Being able to market products online successfully can contribute to a firm's revenue and profitability. Therefore, if marketers are able to connect the use of Internet marketing and online shopping the duo will pack a powerful punch and allow businesses to succeed in our  advancing online marketplace.
Below is a link that demonstrates how Zappos.com use online videos as marketing tools for their customers.

http://www.youtube.com/watch?v=vzeUr7ZclvM



 

Wednesday, May 15, 2013

Apple gets an A for Advertising




Apple is one company that really gets how marketing works. I have learned that marketing does not just compose of selling and advertising. In fact, marketing is the process of creating, distributing, promoting, and pricing goods, services, and ideas to facilitate satisfying relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment. Apple hits right on track within all of these processes. Apple was voted the overall winner of the 2012 CMO Survey Award for Marketing Excellence and has recieved this award for five years in a row! So why is Apple always on top in the marketing world? Well, it all started thirty five years ago when Apple's investor, Mike Markkula, put together a 3-point marketing philosophy that is still in effect today and is the core for their marketing success. The three points consist of:
1. Empathy-We will truly understand the customer's needs better than any other company
2. Focus-In order to do a good job of the things we decide to do, we must eliminate all of the unimportant opportunities.
3. Impute-People DO judge a book by its cover. We may have the best product, the highest quality, the most useful software, etc.; if we present them in a slipshod manner, they will be perceived as slipshod; if we present them in a creative, professional manner, we will impute the desired qualities.
These three principles contribute to Apples's accomplishments in creating and profiting from their beautiful products, building an extremely loyal customer base, and becoming one of the world's most valuable companies. Apple specializes in innovation and simplicity and use both to their advantage to market their products. Below is a video that demonstrastes their successful marketing style. In my opinion, I think Apple would be a great company to study when coming up with effective marketing techniques!

My Marketing Maddness!

Hello there everyone! I am new to the blogging world, but am very excited to start my very first blog for my Marketing Class at MSU. Throughout this blog, I will post about things that grab my attention within the diverse world of marketing. Hope you all enjoy my nonsense!