Showing posts with label enhancing cost effectiveness. Show all posts
Showing posts with label enhancing cost effectiveness. Show all posts

Saturday, 29 December 2012


 

 

Lets Face it. There is no answer to the Advertising and Marketing Crisis!






Both Clients and advertising agencies are deluding themselves. Marketing has

to accept there is no way out of its decline.For one blood-curdling moment it

seemed that the marketing world had woken up to the fact that their preposterous

industry had finally been caught in the act.

Pepsi ,the world's leader in advocating and implementing new-age marketing

nonsense, and now paying the price for its foolish belief in the three-headed

marketing monsters: "branding," "engagement," and "conversation." (Here's a tip

for anyone left alive in the Pespi marketing department. There is one thing, and

one thing only, that advertising is about -- persuasion. All the rest is word

games and chit chat. Got it?

Last week it was reported that after years of fighting Coke for first place

in the soft drink category, Pepsi-Cola had fallen to third place.The L.A. Times

called it "...a stunning fall from grace."

Pepsi saw their U.S. sales volumes in 2010 fall sharply, by 4.8% and 5.2%, respectively... The

U.S. soft drink market is about 74 billion dollars. Therefore a 5% drop in Pepsi

market share (which is about 10%0 cost them well over $350 million on the Pepsi

brand alone!

The goal of advertising is to create a clear awareness of your company and

its Unique Selling Proposition. Unfortunately, most advertisers evaluate their

ads by the comments they hear from the people around them. The slickest,

clearest, funniest, most creative and most different ads are the ones most

likely to generate these comments. See the problem? When we confuse "response"

with "results" we create "attention getting ads" which say absolutely

nothing.

The business owner is uniquely unqualified to see his company or his product

objectively.He is on the inside, looking out, trying to describe himself to a

person on the outside looking in. It's hard to read the label when you're inside

the bottle. Too much product nowledge causes the business owner to answer

questions that no one is asking. This makes for extremely ineffective

advertising.

Marketing has to accept there is no way out of its decline. The rot began

when we chose never to take heed of Professor Ehrenberg's statements on

advertising effectiveness! Because nothing has changed despite all the ballyhoo about Social Media,

Facebook et al. Wherever ads appear, especially on Social Media, Ehrenberg's resolute focus on the

facts what data actually tells us led him to challenge many a marketing bandwagon

such as loyalty'. You may wish to improve the brand's performance by improving

customer retention', he observed, but without a higher market penetration it

just won't happen. His work on advertising effectiveness was equally

challenging. He argued convincingly that there was no evidence that advertising

persuades anybody to do anything; advertising can only ever be a weak' force

that improves brand recognition and/or jogs consumers'

memories.

Monday, 24 December 2012

ACCOUNTABILITY




 

 


Professor E.L. Roberto, PhD, Coca-Cola, foundation professor of International Marketing, reviewed the £A15 million of independent research conducted on behalf of Shopper’s Voice and provided this summary as to the technique’s cost efficiency:



"The Shopper’s Voice participating advertisements generated recall scores that are more than 50% productive than normal advertising. The effect on purchase intention is just as impressive if not much more.



All these productivity increments are attainable at a reasonably inexpensive budget. One Shopper’s Voice Client revealed that for his participating brand, his quarter television expenditure was $US5.7 million as compared to its Shopper’s Voice budget of $US0.5 million. This 1:10 ratio has been obtained in Shopper’s Voice experience in other countries."





Sources: AGB, Gallup, Martyn Research, Bourke, NOP, City Insights & more.

Thursday, 13 December 2012

Interactive Marketing Communicatiom



allows you to explore the multi-dimensional benefits of understanding customer needs in a digital era.

Customer loyalty is seeing several trends rapidly overtaking existing

understanding. Platforms of the future will record every interaction - they will

understand consumer preferences and pre-empt evolving needs.

Interactive Communication, properly executed, includes the next generation of

loyalty schemes. Embracing the fourth dimension of loyalty Interactive Communication comprises

every aspect of digital advertising and is totally accountable!

Monday, 19 November 2012

The Worst Possible Cure!


Every day you're exposed to more than four hours of media. Most of it is optimized to interrupt what you're doing. And it's getting increasingly harder and harder to find a little peace and quiet. 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!

Use Interactive Marketing Communication and solve all your communications problems in one go...plus becoming totally accountable and cut clutter - immediately!

Tuesday, 23 October 2012

Consumers are Fed Up with Corporate Advertising and Manipulation

 




Recently, the New York Times reported on a new poll showing that a majority

of Americans are fed up with the hailstorm of advertising we all

suffer through. According to theYankelovich Partners poll:

* 65 percent said they believed that they "are constantly bombarded with

too much" advertising; * 61 percent agreed that the amount of advertising

and marketing to which they are exposed "is out of control"; * 60 percent

said their opinion of advertising "is much more negative than just a few

years ago"; * 54 percent of the survey respondents said they "avoid buying

products that overwhelm them with advertising and marketing";* 69 percent

said they "are interested in products and services that would help them skip

or block marketing;"





The Times story is below.

As the kingpins of Madison Avenue gather for a major annual meeting,

there is further evidence of the growing challenge they confront in seeking

to break through the cacophony of advertising that surrounds - and

increasingly annoys - consumers.

At the management conference of the American Association of

Advertising Agencies, which begins today in Miami, senior executives will

learn the results of a survey of consumers conducted on behalf of the

organization by Yankelovich Partners, the market research company. The

survey, to be presented tomorrow at the opening general session of the

conference, shows that the effectiveness of campaigns that agencies produce

for marketers is deteriorating, said J. Walker Smith, president at

Yankelovich, because:

The survey findings are significant because industry executives

are frantically searching for ways to forge more emotional connections

with fractious, and fractionated, consumers that differ from conventional

methods like running 30-second television commercials and print

advertisements.

The risk posed by some of the new approaches, like placing sponsored

brand messages or products in the entertainment content of programs

or publications, is that consumers will consider such selling strategies

even more obnoxious.

"People have a love-hate relationship with advertising," said Mr. Smith,

who offered a preview of the survey in an interview before the conference

began. "But a far greater percentage are saying they have concerns,

primarily related to its growing obtrusiveness."

For instance, Mr. Smith said, 54 percent of the survey respondents said

they "avoid buying products that overwhelm them with advertising and

marketing"; 60 percent said their opinion of advertising "is much more

negative than just a few years ago"; 61 percent said they agreed that the

amount of advertising and marketing to which they are exposed "is out of

control."

Also, 65 percent said they believed that they "are constantly bombarded

with too much" advertising; and 69 percent said they "are interested in

products and services that would help them skip or block marketing."

How to market an antimarketing product to people surfeited with

marketing? Ah, there's the rub.

Even when fewer than a majority of the survey respondents agreed with

a statement, Mr. Smith said, the results offered little solace for

agencies. For example, what he called a "fairly significant" 45 percent of

respondents said the amount of advertising and marketing they were exposed to

"detracts from the experience of everyday life," while 33 percent said they

"would be willing to have a slightly lower standard of living to live in a

society without marketing and advertising."

The results also offer some suggestions, Mr. Smith said, to help narrow

what he described as "the growing gap between how consumers want to

be communicated with and the way advertisers communicate with them."

However if you use Interactive Marketing Communication, properly executed, all these problems

disappear, customers want to interact with your information, they do want to express opinions to

you. The trouble is, most people in advertising/marketing don't really understand communication,

and they certainly don't understand real interaction.

Sunday, 14 October 2012

Consumers Are Fed Up with Corporate Advertising & Manipulation

Consumers Are Fed Up with Corporate Advertising & Manipulation

Today, the New York Times reports on a new poll showing that a majority

of Americans are fed up with the hailstorm of advertising we all

suffer through. According to theYankelovich Partners poll:

* 65 percent said they believed that they "are constantly bombarded with

too much" advertising; * 61 percent agreed that the amount of advertising

and marketing to which they are exposed "is out of control"; * 60 percent

said their opinion of advertising "is much more negative than just a few

years ago"; * 54 percent of the survey respondents said they "avoid buying

products that overwhelm them with advertising and marketing";* 69 percent

said they "are interested in products and services that would help them skip

or block marketing;"





The Times story is below.

As the kingpins of Madison Avenue gather for a major annual meeting,

there is further evidence of the growing challenge they confront in seeking

to break through the cacophony of advertising that surrounds - and

increasingly annoys - consumers.

At the 2004 management conference of the American Association of

Advertising Agencies, which begins today in Miami, senior executives will

learn the results of a survey of consumers conducted on behalf of the

organization by Yankelovich Partners, the market research company. The

survey, to be presented tomorrow at the opening general session of the

conference, shows that the effectiveness of campaigns that agencies produce

for marketers is deteriorating, said J. Walker Smith, president at

Yankelovich, because

The survey findings are significant because industry executives

are frantically searching for ways to forge more emotional connections

with fractious, and fractionated, consumers that differ from conventional

methods like running 30-second television commercials and print

advertisements.

The risk posed by some of the new approaches, like placing sponsored

brand messages or products in the entertainment content of programs

or publications, is that consumers will consider such selling strategies

even more obnoxious.

"People have a love-hate relationship with advertising," said Mr. Smith,

who offered a preview of the survey in an interview before the conference

began. "But a far greater percentage are saying they have concerns,

primarily related to its growing obtrusiveness."

For instance, Mr. Smith said, 54 percent of the survey respondents said

they "avoid buying products that overwhelm them with advertising and

marketing"; 60 percent said their opinion of advertising "is much more

negative than just a few years ago"; 61 percent said they agreed that the

amount of advertising and marketing to which they are exposed "is out of

control."

Also, 65 percent said they believed that they "are constantly bombarded

with too much" advertising; and 69 percent said they "are interested in

products and services that would help them skip or block marketing."

How to market an antimarketing product to people surfeited with

marketing? Ah, there's the rub.

Even when fewer than a majority of the survey respondents agreed with

a statement, Mr. Smith said, the results offered little solace for

agencies. For example, what he called a "fairly significant" 45 percent of

respondents said the amount of advertising and marketing they were exposed to

"detracts from the experience of everyday life," while 33 percent said they

"would be willing to have a slightly lower standard of living to live in a

society without marketing and advertising."

The results also offer some suggestions, Mr. Smith said, to help narrow

what he described as "the growing gap between how consumers want to

be communicated with and the way advertisers communicate with them."

For example, respondents said "there's an opportunity for advertising to

become a source of competitive advantage for a brand," Mr. Smith said, "if

it's focused on product features and services." "The marketing itself has

become part of how consumers view a brand," Mr. Smith said, "so if you have

two brands at parity with each other, more and more the one people are likely

to do business with is the one that does a better job in reaching them with

its advertising."

The association, which represents 1,196 agencies that place an estimated

75 percent of all national advertising, recognizes it must address

the consumers' changing attitudes, if some other topics on the conference

agenda are any indication.

Among the subjects to be discussed at the conference, which

continues through Friday at the Ritz-Carlton South Beach hotel, are

"advertising in the age of obesity," the title of a speech by Tommy G.

Thompson, the secretary of health and human services, and how agencies can

develop more effective campaigns, to be covered by August A. Busch IV,

president of Anheuser-Busch.

Other topics are how agencies can create campaigns consumers will like

more, or at least dislike less, to be discussed by Linda Kaplan Thaler,

chief executive and chief creative officer at the Kaplan Thaler Group in New

York, part of the Publicis Groupe, and how perceptions of the agency business

need to be improved, to be addressed by Ron Berger, elected last month as

the chairman of the association for 2004-6.

"Our industry must do a better job of talking about the tremendous value

we create for clients and the economy," said Mr. Berger, who is also

chief executive and chief creative officer at Euro RSCG MVBMS Partners in

New York, part of the Euro RSCG Worldwide division of Havas.

Although "the last few years for the industry have not been great

ones," said Mr. Berger, who offered a preview of his remarks in a recent

interview, "I just don't think other industries beat themselves up the way we

do."

Even if, as has been widely discussed, the traditional 30-second spot

has devolved into a much less effective way to sell goods and services,

Mr.
Berger said, "so what?"

"The great agencies don't say, The 30-second commercial is dead, so

we're dead. They understand that, and embrace that, and will reinvent

themselves and what they do to market brands and products."

"The idea that TiVo, remote controls, any technology, is fatal to

our business I find absurd," he said. "The opportunities of technology and

what it enables us to do are more exciting than at any time in our

history."

Mr. Berger's enthusiasm may be contagious, if judged by the

advance registration for the conference, typically a good gauge of how

optimistic or pessimistic agency executives are about prospects for the

industry.

Almost 330 people have registered ahead of the conference, said O.

Burtch Drake, president and chief executive of the association, known as the

Four A's, compared with the 257 who attended the 2003 conference and the 293

at the 2002 conference.

Although the anticipated attendance is lower than for the boom year of

2000, when 450 people attended, Mr. Drake said, "we're going to have the

largest member attendance since 1990," which is attendees minus

speakers, representatives of media companies and other organizations like

the Association of National Advertisers, spouses and reporters.

"I'm feeling really good about the meeting," Mr. Drake said, "finally."

Saturday, 1 September 2012

Despite today's buzz on all things


digital, despite global interactive advertising being forecast to reach US$147

billion by 2012 from the current US$45 billion*, and despite three online media

platforms making it to the Fournaise 2007 top 10 marketing Effectiveness Ranking

(or EFFER), in the day-to-day reality of generating incremental customer demand

for their products or services, marketers seem to have a major trust issue when

it comes to the overall reliability and credibility of online advertising.In such a skeptical context, it is not

surprising that 40% of marketers around the world did not run online campaigns , a figure

reaching 65% in high GDP growth markets such as Greater China, India andSingapore.The top five concerns

marketers have about online advertising are:

They don't know if they actually get what theypay for.

They don't know if they can trust the visitor and/or traffic profile online media owners and publishers claim their sites have delivered.

They have the feeling there is a lot of click fraud.

They don't know if their ads appear in the sites and/or sites' sections where they should appear.

They don't trust the traffic and click-through reports digital media owners give them. This could explain

why marketers globally are planning to still take a prudent approach and to spend a small percentage of

their marketing budgets online.

Across the thousands of online campaigns audited for our clients worldwide through we have

been observing consistently poor results: Click Through Rates (CTRs) have fallen

as low as 0.15% (sometimes even lower), Conversion Rates (CVRs) are barely

reaching the 3% average, and as far as Returns on Marketing Investment (ROMIs)

are concerned, our clients are most of the time flirting with the sub-30%

numbers," said Jerome Fontaine, CEO and Chief Tracker of The Fournaise Marketing

Group.

"One of the main reasons for such poor results is that for more

than 70% of the online campaigns we audit track across all types of online

media platforms (including display ads, emails, paid search, referrals, rich media

and sponsorships), our clients did not get what they paid for: one million

impressions purchased often ended up with 800,000 impressions served; an email

blast to a third party 10,000-record database was more often than not sent to a

7,000-active-email base. The bottom line: the discrepancy between what is

claimed and/or purchased and what is actually delivered is beginning to cast a

shadow on the long-term credibility of the industry. Online media have now the

immense challenge of winning the trust and confidence of marketers and must be

prepared to be audited and be accountable for the results they deliver,"

Fontaine continued

Sunday, 22 July 2012

The All Powerful Marketing Guru is just a Myth!

 

The all powerful Marketing Guru is based upon the complete fallacy that only he knows how to market products/services...and that advertising works.

And that amazinglngly patronising idea is based upon the fact that the public are dupes who digest all advertising...and than act upon it! This is not true now and never has been.

The foundation myth of marketing potency is the silly claim, attributed to many people, that "half my advertising works, I don't know which half"

The claim is both tasteless and factually wrong.

The idea that advertising works (together with Marketing) is only believed by people who work for advertising/marketing agencies, people active in corporations, and people who work in all forms of media, and now digital media, Facebook et al.

You can see this silliness incarnate in magazines like Campaign and Marketing week after week.

Most consumers resent the insinuation that they, along with all the rest of us, are mere puppets.

It is now time to accept that the end of Marketing and Advertising is here and that there are far more effective solutions to marketing programmes. Programmes that will be totally transparent and will also allow Clients to half their current bloated marketing budgets and be twice (or more) as effective. For example, Interactive Marketing Communicatiom.

Friday, 28 January 2011

SHOPPERS VOICE SOLUTIONS

The retail market has never been so competitive with increasing emphasis on retaining customers, increasing customer value and driving brand loyalty.
This comes at a time of increasing marketing budget restraint and reduction.
Shoppers Voice provides an exciting engagement opportunity as an intimate and immediate media channel.
At the heart of Shoppers Voice is the notion that your customer self selects to become involved with Shoppers Voice. This permission based approach to interactive marketing ensures that the benefits of this programme can be realised without causing any customer dissatisfaction through perceived personal intrusion.
Thus Shoppers Voice provides retailers, together with their supporting brands, a powerful solution for improving the customer experience and loyalty, enhancing the effectiveness of marketing programmes and reducing the cost of delivery.