Posts tagged: Global Business

NATIVE ADVERTISING… a new definition, or will it lead to consumer deafinition?

By , July 25, 2013 11:14 am

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It may be the time to ask whether this new definition is helpful — NATIVE ADVERTISING is a method of communication that is “native” to the experience offered within a website’s content, valuable content integrated within the editorial feed — not an ad-in-a-box alongside the search page.

Actually, we have already used descriptions of Native Advertising such as advertorial, brand reference, and sponsored content, among others.  Thus, Native could be defined as any ad that is blended within content.  Also from a consumer’s view, it may be an opt-in interactive choice in which she or he is aware of the advertiser’s message intent, and still opts-in.  Different age groups react to marketing online in more or less accepting/receptive ways.  Therefore, a Native Advertiser needs to communicate how its offer has personal appeal and feels native to the site, overcoming the consumer’s wish not to hear or see advertising messages.

Up to this era of constant change and 24/7 communications, the advertiser and the media had agreed that the blending of advertising and editorial was not allowed. There was a wall between the two because it was considered confusing to the consumer.  It might be suggested that the media’s main interest was in making money through advertising, even more than in providing useful information and entertaining experiences.  However, many of the media are in a new world of needing to find new revenue streams.

At this time, an argument is occurring about what the term Native Advertising really describes.  And if it also means advertising that will not be received as advertising.  On the other hand, it may prove to be perceived as better than the newer omni-channel forms of advertising that surely are on the way.

Some practitioners will contend that in this new “social media world,” many consumers don’t perceive any difference between editorial and advertising.  They regard it all as content in their communication.com lives.  Behind the strategist’s attempt to create appeals by linking content to a consumer’s wants and/or needs is still the positive positioning of a brand.  Whatever method used, increased brand relationship + loyalty = improved brand equity, which is the goal.

It is important to note that consumers are now more informed, aware, and selective.  So we ask: Is it wise to use “Native” in our advertising and communications?  Will it be a strategy to increase trust or mistrust?  Will it be constructive or obstructive?  Will marketers get better results, publishers get a premium revenue stream, and audiences get a better experience?

Will Native Advertising be the new strategic direction or just one more arrow in our ad quiver?

Native Advertising Mad Avenue

“I feel that Native Advertising may turn out to be the Mad Avenue to be on…” Drapered by Art Winters

 

For more on Native Advertising:

Adyoulike.com; Nativo.net; AdsNative.com

sharethrough.com

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

Make sure you know what you want for your company or you will lose it: “I guarantee it”

By , July 13, 2013 9:45 am

A few weeks ago Men’s Warehouse founder, George Zimmer was fired from the company he founded. It turned out he wasn’t the majority shareholder of the company.  That led to his ouster.

No matter what kind of company you found, there are a few key points to ensure this doesn’t happen to you (unless you are just in it for a quick turnaround and flip, in which case that’s your exit strategy and what you strive for).

·         When raising money, remember, the probability of having to give up more than 50% to get the money is very high.  That means you’re giving up control.  Often the founder is parachuted out with lots of cash.  But if you want to build a company and maintain control, think carefully about the sources of your money. This is what is meant by “expensive” money.

·         When taking on partners or starting out with partners, make sure there is a strong contractual agreement in place that covers who is in control of what and to what degree.  Anything can happen, and the weird stuff often does – if your partner dies or gets divorced, you may wind up with an heir who knows or cares nothing about the business.  Then your problems really begin, especially if they don’t want to be bought out (or you can’t afford to buy them out).

·         Vision  = Control  as stated very clearly in the article link below.  If you want to see your vision flourish, make sure you maintain control of your company.

http://www.linkedin.com/today/post/article/20130625210053-25745675-the-lesson-from-george-zimmer-s-firing-keep-control?ref=email

·         If your company has a Board of Directors, remember one of their main functions is to determine whether or not to fire you (and your management team).  This is what happened at Men’s Warehouse. This is also why so many large corporations have a Board of Directors that is composed of cronies.

http://www.huffingtonpost.com/2013/06/26/george-zimmer-letter_n_3505699.html

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

From MADMEN to MADMOBILE The Next Era of Advertising and Promotion

By , June 27, 2013 9:58 am

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Advertising and Promotion (AdPromo) is now developing a new I.D. for marketing communications, which we could call MADMOBILE. This is recognition of the blending of Social Media, Global Technologies, and 2-way mobile communications. Much has been discussed about what advertising and promotion will get to be. Mobile advertiser/customer engagement and exchange in social media is the big think in AdPromo’s quickly changing present and exciting future.

The thinking behind some new innovations is to provide “glocal–(Global Localities) –with—mobile” opportunities for local AdPromo. Those on the forefront for developing these new services are employing their knowledge of changes in consumer behavior, which is being caused by, and satisfied by, the ever-expanding presence of Smartphones and social media.

These give the advertiser and promoter the opportunity for the delivery of local marketing communications. In the past, and still in the present, big business with its big money has used AdPromo to knock out small business. Many small-businesses can now make the most of the opportunity to advertise and promote to specific local targets through mobile “MadPhones” with a smaller, more effective and efficient budget.

In addition, there are recent connectivity innovations that enable customers to learn of a promotion without being in or even near a store, along with advances in Near Field Communications (NFC), receiving contact when they are passing near the brick and mortar store. More and more, retailers are encouraging word-of-mouth referrals by loyal customers, which is helping to build their loyalty through interesting engagements and an active relationship.

For now, customers are able to find advertising and promotions on their phones and tablets. Most importantly, a store can launch its advertising for a promotion in a few minutes, designing the message for today’s deals and targeting a specifically valued customer. The opportunity for retailers to present promotions in real time is a salient feature of the New World of MADMOBILE.

MadMobile drawing by Art Winters

drawing by Art Winters

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

Neuro-Marketing through FMRI and NAcc

By , May 30, 2013 10:47 am

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It’s a brave new world we are seeing and must work within. As an evolving story, we have to consider how online advertising will be affecting the consumer’s brain? Neuro-marketing research is already investigating the effect online neuro-marketing will have on our brains in the current and evolving Internet/PDA world.

As we have recently discussed in a previous blog, researchers have learned that when the consumer first receives a message, it hits a section of the brain called the Nucleus Accumbens (NAcc). This is the reward/punishment, pleasure/pain “headquarters” of the brain. By evaluating the amount of activity in such demarcated brain areas, the prefrontal cortex and the insula, neuro-marketing’s use of FMRI (Functional Magnetic Resonance Imaging) is working on a process to foresee how a consumer makes shopping decisions. For example, if the NAcc indicates a positive desire response from a brand message over a more negative doubt response –“Should I be spending money?” then the pre-frontal cortex could believe that it is getting a great deal and making a wise choice (such as better prices, bonuses, and other personal satisfactions).

NeuroMarketing

Drawing by Art Winters

Neuro-marketers are seeing the possibilities of using FMRI to examine and better understand the workings of consumers’ brains.
With this new knowledge they hope to develop new ways to initiate and stimulate consumer wants and needs. Don’t forget that it has always been marketing’s purpose to stimulate the consumer’s cravings and increase AIDA: attention, interest, desire and action.

If this concept makes you feel queasy, what kind of debate might occur if companies/brands have more invasive ways to communicate to and influence consumers in how to respond to a brand’s image, its brand story, and its brand positioning for superiority???

What kind of society will develop if this becomes the normal practice rather than a seemingly science fiction prediction?

OMG – What’s Next??? We may not be LOL’ing for long…….

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

FIT’s 5th Annual Pet Fashion Show: BARK-à-Porter

By , April 25, 2013 12:20 pm
BARK 2013 logo

Showcasing past enrolled and current adult student pet product designs. See our doggie models strut the runway in true fashionista style. BARK-à-Porter is also a charitable endeavor, held in partnership with the New York City Mayor’s Alliance and Animal Care and Control of NYC. We promise an experience worthy of market week in Paris.

Get your tickets before they sell out!

Date: May 3, Friday
Time: 5:30pm-7:00pm
Location: Katie Murphy Amphitheater

Tickets: www.fitnyc.edu/BARK

Watch videos of previous shows: https://www.youtube.com/user/FITProfStudies

Follow us on Facebook: https://www.facebook.com/BARKPetFashion

GOOGLE MAKES MAD MEN, SAD MEN

By , February 28, 2013 9:54 am

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Print Media Commissions are not in Mad Men Visions

GOOGLE MAKES MAD MEN, SAD MEN

drawing by Art Winters

In 2012, Google billed over 20 billion in advertising dollars.  This was more than the total of all U.S. print media.  What a contrast to what magazines and newspapers sold just five years ago!  In 2006, print media sold 60 billion dollars more in advertising than did Google!  How will this change brand marketing?  This isn’t your Mad Men’s day of advertising. (“Mad Men” is AMC’s TV show based on Madison Avenue’s advertising business and people in the early 60’s.)

So what does this mean for brand management performed by many of today’s advertising agencies?  Well, they had better get their act together.  They need to deliver branding power that can compete or at least do co-branding with the Googles, E-Bays, Amazon.coms, and many others, which will keep coming down the Internet superhighway.

The big question is how much of a threat is online advertising?  Is it delivering the ROI experienced through print media advertising?  It’s vital to realize that Google, just 14 years old, is now taking in more ad revenue than print media, which has been here for over 100 years!

However, it must be accounted that Google has a global operation, so this can’t be simply analyzed.  It must also be analytically figured that Google has seen a 15% decrease in ad Cost-Per-Click, CPC (the average fee that advertisers are charged for each clicked on ad) in 2012.  But now, Google’s CPC drop has slowed and perhaps turned the corner in January, as their CPC share increased due to click share on tablet devices. As more people are watching content across a variety of their mobile devices, Google has decided to pull out of its 5-year effort to build its TV Ads product.  Since 2009, they have shut down similar services for print and radio advertising.

Google is concentrating on beating Facebook in the sale of online display ads.  (Online display ads feature the advertiser’s content message on a destination website, usually in a box on the top or side of the page.)  The company is planning to lead web-search ads and online display ads that feature graphics, interactive communications and videos.

Google’s significant increase in display ads that concentrate on brand content is evidence that they have ambitious brand marketing goals.  Now Google is building and developing plans for their advertisers to more efficiently buy across a multitude of sites.

This is not only an important story for the online aspects of our businesses; it is also a good brand invention and reinvention story to watch in real time. 

Where has Google been and where is it going – stay tuned… the next generation of Mad Men is in the digital works….

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

Stop marketing, and you’ll see a change

By , February 9, 2013 10:10 am

We’re usually so busy trying to get started in marketing that we tend to forget that once we start, we need to continue. What happens if we don’t?

Today’s guest blogger,  Aruna Inalsingh (http://www.animarketingservice.com/) provides some insight into marketing, measurements and meltdowns of the corporate variety.  Aruna is President and Found of Ani Marketing Services Ani Marketing Service, and has years of experience providing strategic marketing solutions for a wide  range of companies, products, and services, starting their new programs and improving their existing ones.

“As a career marketer, one of the most common client requests is for a direct correlation between marketing investments and business revenues.  The reality is that it is indeed hard to quantify direct success from marketing programs.  Although with digital media, it’s getting easier, as you can track the number of followers, visitors, clicks, and online sales– especially if you don’t have any brick and mortar stores.  Furthermore, it is true that marketing takes time, resources, and/or money – ask Walmart’s CFO, Charles Holley!

That being said, here’s a story we like to tell about the value of marketing, which is exemplary of scientific proofs where you cannot prove if something is true, but you can prove if something is not true:
Seiko Watches was founded in 1881.  They were a strong believer in marketing, and with an ongoing commitment to invest in company promotion, within a short amount of time they developed a solid reputation for affordable and reliable watches. Seiko had a monopoly on this market until 1930, when Citizen Watches was established. Citizen wanted to be the Pepsi to the Coca-Cola, if you will. Citizen proceeded to invest as much money in marketing, if not more than Seiko, to achieve a similar brand recognition (and revenue stream). It never happened … until 2008. The global financial crisis in 2008 hit everyone hard. Seiko and Citizen had to make strategic decisions. Seiko decided its brand was strong enough to temporarily sustain itself with a skeletal marketing staff, and Citizens decided to maintain as much of its marketing program as possible, in context of its diminishing budget. In 2010, when Seiko was ready to re-invest in its marketing program, initial research showed that the consumer market thought Seiko had gone out of business and therefore had turned to Citizen as the market leader. It took 2 years of marketing withdrawal to ruin the 127 year old Seiko watch dynasty. Today Citizen has a similar brand and market value to Seiko.”

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

RETAILOR-MADE… CUSTOMIZED CUSTOMER EXPERIENCES THROUGH MOBILE ENGAGEMENTS

By , December 27, 2012 6:09 pm

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RETAILORS might remember, as we have often suggested, to make their brand management an ongoing process of reinventing customer experiences and providing more personalized mobile engagements. For retailors, their creative strategies must now be based on their target customers’ own positioning of their most relevant attributes, differences and behaviors. Customers’ self-brand perceptions rely on their omni-present sources of contact, information and cultural sharing. The concept of “everywhereness” is a current zeitgeist in the mobile world, as exhibited in the Tracfone Everywhereness commercials.

Retail innovations by leading retailers mandate that all their strategic planning is a brand retailoring that evolves from their study of the current evolution of our species, technologically. Quickly gone is the concept of the physical “retail store” as a shopping destination or necessity. Struggling to remain relevant is the mission, “should you choose to accept it.” We hope it will not be a “Mission Impossible.”

Drawing by Art Winters

There is no doubt that mobile is now a bio-digital part of the customer, aka 21st Century Human. For example, living within all the “everywhereness,” retailors must consider that there is a stronger customer’s need for individuality, as exhibited through an interest in fashion tailor-mades or bespoke products – from clothing and accessories to automobiles. Mobile customers are quickly adopting and increasing their mobile “self-styling” options. Changing their shopping behavior more readily than those who are store-only shoppers. Retailors are building their “everywhereness” opportunities to attract more customers with new personalized mobile apps and interactive options.

Inevitably, retailers have to consider “showrooming” as a challenge. How should they strategically respond to this use of their physical store as a showroom and the Internet sites as the P.O.S.? Certainly the retailor is actively working to provide targeted CX (Customer Experiences) that offer personalized mobile and in-store service and incentives that would also advance their NPS (Net Promoter Score). Also, brand managers should be creating new, innovative, and more customer interaction options for their ever-changing loyalty programs and tailor-made offerings. The retailor must realize that since mobile technology enables the customer to shop many stores on their own time, from wherever they choose, it is time to get creative and inventive. Work at brand “relate-ability” with self-visualizations of value and helpful relevant touch points for the customer’s tailor-made desires.

Our thought is: “If retailers want to be anywhere, they must now be everywhere.”

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

Ibirori Celebration

By , December 12, 2012 8:02 am

A great networking opportunity for students interested in international development, African fashion and social enterprise.

Indego Africa IBIRORI 1212

Resilient, thick-skinned, stubborn. Great qualities for an entrepreneur.

By , December 1, 2012 9:39 am
Image provided by Shutterstock http://www.shutterstock.com

Image provided by Shutterstock http://www.shutterstock.com Images provided by Shutterstock http://www.shutterstock.com

When you’re starting a company you’re going to hear a million “no’s”.  No to your money raising requests, no to giving you referrals, no from referrals that were given to you. The list goes on. But the key is to keep persisting.  Eventually there will be “yeses”.

I have been a certified woman-owned business for many years.  I go to lots of meetings. I meet lots of nice people. But no work.  Even when I was the agency for a division in a Fortune 500 company, I could leverage my certification within the company.  And I tried. More recently when I started work with another Fortune 500 company, I mentioned that I was certified (I already had the work through other channels) and they took my certification credentials.

Most people I know, in many different businesses, gave up on certification  because it was too time consuming.  They went on with their businesses.  I keep plugging.  And two weeks ago it paid off.  A “prime” contractor (that is the company who actually gets the contract – usually a larger company) contacted me and wanted Holtzman Communications to work on a piece of business that they had obtained with the City.  They actually went to the certified data base and sourced me. Along with others but that’s fine.  Suddenly, all my years of persistence and staying on lists etc. is starting to pay off.

It’s never been tougher  for start-up businesses looking for connections, work, and especially cash.  Lots of people are going to tell you no, and processes may put you off.  But if you have a good product or service, then you just keep going because you will prevail. But you have to believe in yourself and have all the properties above. In a good way of course.

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

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