Marketing

Power up LinkedIn

October 23, 2019

When business people and marketing types talk about social media, they immediately default to networks like Facebook, Twitter, Pinterest, and Instagram but the true powerhouse network, LinkedIn, is rarely mentioned.

If you live in the B2B world and you’re not spending time on LinkedIn every week – you’re missing out on an incredible opportunity. For most LinkedIn users, it’s nothing more than a digital Rolodex. That makes me sad because it’s actually an incredible brand building, SEO increasing, and prospecting/business development tool, when used well.

I want to give you some best practices and tips for really leveraging LinkedIn to your full advantage. Fair warning – this is going to require an investment of time on your part, but the rewards will far outweigh the costs.

Brand Building

Customize your URL: Most people’s LinkedIn URLs look like http://www.linkedin.com/in/634923481 but it’s very easy to customize yours so it looks like http://www.linkedin.com/in/drewmclellan. This makes you easier to find and the URL easier to share.

Make your profile personal: Most people just cut and paste their resume or CV into the profile section of LinkedIn. Instead – write it so it sounds like you talk. Make it engaging and weave your personality into the content.

Be bold to catch our attention: Your opening statement in your profile should be provocative and make me want to read more.

Show work samples: One of the most underutilized portions of LinkedIn is the ability to show work samples. Be creative with that definition. Maybe it’s actual samples of your work or it could be a PDF of a case study or testimonial.

Add some background color: Like Twitter and Facebook, LinkedIn now allows you to add a background photo on your profile. Use the opportunity to create a background that says something about you or the work you do. Make your image 1400 x 425 pixels for an easy, perfect fit upload.

SEO

Your headline should be loaded: Loaded with SEO rich keywords that someone might use in a search to find someone who does what you do. Don’t waste characters by repeating your name.

Pepper keywords throughout your profile: Identify the top 5-10 keywords or phrases that your sweet spot customer might use in a search to find a new partner or connection. Make sure you work those words and phrases throughout your profile so you show up.

Be findable: I know this seems rather obvious but if you have your privacy settings clamped down too tightly – we can’t find you. Be sure to make your name and headline (at the very least) accessible to the general public.

Prospecting/Biz Development

Publish: LinkedIn’s publishing tool, Pulse, is a really smart place for you to be uploading content that you and your team have created. Again, be mindful of your keywords and the types of topics your potential clients might be looking for.

Get social proof: Testimonials have always played a role in B2B business development but in an era where consumers are constantly looking for social proof, it’s even more critical. LinkedIn’s recommendations (not to be confused with the relatively useless endorsements) are very powerful. How do you get more? Give more. Identify your best clients and vendors and leave them some recommendation love. Odds are they will return the favor.

Save your search: LinkedIn has a robust search functionality that you can use to track down prospects and connect. Experiment with the search criteria until you narrow it down to serve up the optimum blend of people. Then, save that search, so it can return to it again and again.

Export it: Did you know you can export your LinkedIn contacts so you can load them into your CRM system and begin to cultivate relationships from there? It’s easy and smart.

Spend some time with LinkedIn.  You won’t regret it.

 

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Metrics that matter

October 16, 2019

One of the most famous quotes about advertising is from a merchant named John Wanamaker and he said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”

Back when I started in the business much of the work we did was difficult to measure all the way through the sales cycle. For example, if we bought a TV spot during a Cheers episode, we could count on certain demographics and the size of the audience but that was about as detailed as we could get. We often tried to link exposure to the message to a behavior but unless they were redeeming a specific offer or calling a campaign-specific phone number, we could only hypothesize that a surge in sales, inquiries or some other behavior was tied to the marketing efforts.

Today, we have the opposite problem. The volume of things we can accurately measure is staggering, especially if you are communicating digitally. It’s easy to get paralyzed by the data because you can’t possibly sift through it all before making a decision.

One of the phrases I’m sure MMG clients get sick of is “Just because we can measure it, doesn’t mean it matters.”

I thought it might be useful to identify some digital metrics that are actually worth watching and using as a bellwether for decision-making. We’ve previously discussed the importance of owning your own digital hub. For most organizations, that’s your website. I’m going to assume you’ve built your marketing strategy in a hub and spoke model, with your web site being one of your core hubs.

Given that assumption, let’s talk about metrics that matter for most organizations. You may find that one or more of these aren’t relevant to your business so don’t assume you should track all of them. But for most of us, these are pretty spot on.

Let’s look at metrics focusing on two factors – are you bringing the right people to your site and once they arrive, what do they do there?

Prospect attraction: Are you capturing the attention of the people you’d like to talk to about your products and services? Are you holding their attention long enough to get on their radar screen?

To measure your effectiveness in this area, you might look at:

Bounce rate: Bounce rate is the statistic that measures how many of your unique web visitors go to your home page and then immediately leave the site, rather than digging into the site to learn more. Your goal should be 30% or less.

What do people do on your site: Odds are you have a lot of pages on your website. Do you know which ones get visited most often? Or which ones capture the attention of your visitor for the longest period of time? Do you understand the traffic patterns (people go from what page or link to what page or link) that show up again and again?

To get that kind of insight, you might look at:

Page depth: Page depth is a stat that shows you the average number of pages your visitors view during a single visit.

Top viewed pages: As it suggests, it lists the individual pages of your website in the order of visit frequency.

In-page analytics: For your top viewed pages look at this report and analyze the click patterns. It will help you understand navigational patterns and issues on your website. You’ll also get some insights into your visitors’ intent.

Marketing is all the better because we use data to be more helpful to the people we want to serve. But to do that well, be careful that you’re looking at the right data and not drowning in meaningless numbers.

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What is marketing automation?

October 2, 2019

Marketing automation is one of those buzz words that is being bandied around quite a bit lately so I thought it was time to define it and help you determine if it makes sense for your business.

Marketing automation refers to software platforms and technologies designed to help businesses market/communicate more effectively on multiple channels online (like email, social networks, websites, etc.) and automate repetitive tasks. The goal is to nurture prospects with very personalized, useful content that helps convert prospects to customers and turn customers into repeat customers and avid fans.

When done well, this can result in a significant uptick in revenue, both from your existing customers and prospects.

Marketing automation goes far beyond sending out enewsletters or updating Facebook pages. Where it really gets incredible is in its ability to “map out” a communications path that allows your prospects to cherry pick exactly what they want to know.

That’s where the very personalized, useful content comes in. Think of marketing automation as a huge if X, then Y equation. If the prospect downloads an ebook on annuities, they get loaded into a list that sends annuity tips every month but never sends them IRA or 529 account tips. But at the bottom of the tips email is a link to a podcast series that they can listen to on what other kinds of investments round out a portfolio with annuities in it or invites them to an educational workshop you’re offering next month.

As the prospect navigates through your content, they can self-direct the content they receive, based on their interests or needs. Using behavioral inputs from multiple channels like social clicks, when the prospect views a specific page like your pricing page or when they take a specific quiz or download content gives you some context so you can better understand what’s going on with the prospect and what problem they’re trying to solve. You can then offer them solutions to that specific problem.

The name itself is deceptive. There’s a lot that goes into marketing automation that is anything but automatic. Marketing automation isn’t a substitute for other marketing tactics and it’s not a silver bullet.

It actually requires a sophisticated strategy, lots of helpful content and constant monitoring so you can make adjustments as you learn more about the people you’re interacting with. It does help you with your lead generation efforts and can be effective in moving a lead through your sales funnel.

Many marketers still view marketing automation as a simple way to bombard purchased lists with email. That’s not going to go well for you. When you get reported for spamming the list – your email domain can actually get black listed and your account shut down. Besides – it doesn’t work. Blindly emailing strangers to try to get them to buy something they’ve never heard of from someone they don’t know hasn’t worked for 20 years and it’s not going to work now.

But when you use the tool to actually get to know your prospects better and actively offer them helpful content and support – it can really create a connection that will help you move a lead through your sales funnel. On top of that, with every interaction, you get smarter about how you can become indispensable to your audience.

The secret to marketing automation is to go out of your way to not automate the wrong aspects of the tool. It’s actually an opportunity for you and your organization to be even more human and more real than ever before. By genuinely serving your audience, you’ll build your sales funnel and fill it with raving fans, long before they’ve even bought from you. It’s hard to beat that.

 

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Take a stand

September 25, 2019

My idea of a great shampoo is the bottle that’s on sale for $1. But this past weekend, I spent $6 for a bottle of Dove for Men+ Care. Why the big splurge? It had nothing to do with my hair and everything to do with my heart.

More than ten years ago, Dove’s agency launched some research to explore women’s priorities and interests. What jumped off the page was the finding that only two percent of the women interviewed perceived themselves to be beautiful.

Suddenly what they expected to create for the next season’s advertising took a dramatic turn. What the agency and the Dove executives were smart enough to realize was that this insight had more depth than just an ad campaign or video series. It was clearly an issue that impacted women of all ages and was an issue that deserved to be addressed.

What I’m guessing no one could have realized back then was the fact that Dove was actually starting a crusade of sorts. A crusade to change the dialogue many women play in their brains when they look into a mirror or think about their appearance.

10+ years later and if anything, their messaging is connecting at an even deeper level with their core audience and those who care about their core audience. Obviously I’m outside their typical customer base, but as a dad of a 26-year old daughter, I find their messaging very relevant. So much so that I paid a king’s ransom for a bottle of their shampoo, compared to my normal expenditures.

This sort of cause marketing is not new. But few have done it as well as Dove. Taking a stand as a brand can be smart business. But only if you do it well. Here are a few tips.

You have to be a believer: Taking on a cause just because you think your audience will like it is a recipe for failure. It’s almost impossible to fake it for as long as it takes to seed a cause campaign. Your audience is also going to expect more than an ad campaign. They know if you really care about the cause, you’re going to walk your talk. That takes a true believer.

You have to dive deep: Part of caring about an issue is doing something about it. Most of the great cause campaigns like Dove, Avon, and others have invested millions of dollars to truly impact the issue far beyond their marketing. They’ve funded programs, research and rallied their community to tackle the problem in a very genuine and deeply invested way.

You have to be patient: Cause marketing, even with the help of social media, is not a quick fix solution. It takes a while to trigger a movement and to touch people’s hearts. It takes even longer for those efforts to result in new sales. If you’re looking for a quick uptick in sales, cause marketing is definitely not the way to go.

You need to rally a crowd: Cause marketing only works if you can mobilize a small army of people who are going to care as much as you do. This is where social media can really play a key role. We’ve seen how a groundswell can be started very quickly (think Ice Bucket Challenge) and grow like wildfire thanks to a viral video or two. Whether you have a strong social media presence or not – cause marketing requires getting other people to care.

Cause marketing is a way to demonstrate your compassion and commitment to your core audience. It’s a way to let your corporate heart show and to actually make a difference. But all of that only happens when you genuinely care about the issue you take on.

 

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From My Inbox

August 28, 2019

I thought rather than do a deep dive into a specific topic, I would take this opportunity to answer some questions that you’ve sent in recently. Useful marketing information but served up snack-sized!

We’d like to have a much larger email list. Should we buy a list and start from there?

While there are few absolutes in marketing, buying an email list is rarely a smart strategy. The CAN-SPAM Act makes it pretty difficult to blindly market to someone who has not requested it or given you permission to send them something.

Even if CAN-SPAM wasn’t around, it’s still not a very effective way to build an audience. Think about how many unsolicited emails you receive every day. How many do you ever glance at, let alone actually read?

Everyone’s inbox is so crowded with junk, the SPAM filters are so much better and we’re all pretty good at triaging our emails at the speed of light – so the odds of you breaking through and actually making a meaningful connection are pretty slim.

Ideally, you’d grow your list by being interesting and offering value. If you’re helpful enough – you’ll draw a crowd. But if you absolutely need to jump-start your email list – do it with direct mail.

Yes, direct mail. The hottest “new” media around. With everyone shifting to digital communications, our mailboxes are much less crowded. A well-designed piece with a grabber of a headline can really work wonders. In your direct mail, offer the recipient something of value that they can download off your website. Require an email address and voila – your list is growing!

We’ve been doing an e-newsletter for about a year and we don’t seem to be gaining any traction. Can you look at a sample and give us your feedback?

Drew’s note: You don’t need to see the sample for these suggestions to be meaningful.

Here are some suggestions I would make to increase your e-newsletter’s effectiveness.

Actually publish it consistently, rather than hit or miss: Either do it or don’t do it. Inconsistency demonstrates your own opinion about the content and the value it provides. It should never be an optional activity. Remember, this is a tool for earning the trust of your potential customers. If you can’t honor your own deadlines, why would they think you’d honor theirs?

Less about you: On average, 80% of your content was about you. Your projects, your awards, your specials, and your people. Honestly – your audience doesn’t care that much about you. Create content that is useful to them in their lives and if you must talk about yourself – no more than 10-15% of any e-newsletter. And you should never be the lead story!

It’s not a novella: People aren’t going to read the equivalent of three pages of articles at one sitting. Cut back to 3-4 stories and don’t let any of them run longer than 500 words. Even that is too much, but it would be an improvement.

Be kind to their eyes: Remember, your audience is reading this on their computer, tablet or phone, so be gentle. Give them plenty of white space and make the copy concise. Use bullet points and visuals to make it easier to read.

Let me know if these tips were helpful to you and keep writing!

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Don’t forget your media mix

August 21, 2019

Back in the good old days, you could advertise in the daily paper, an outdoor board, on one of the local radio stations or one of three TV channels – a media mix.

Today, of course, we don’t have the luxury of that simplicity. Instead of three TV channels, there are over 300. Radio and print have undergone a similar explosion with niche publications, satellite radio and of course, there’s the whole internet and mobile world as well.

It seems like every time something new comes around, the inclination is to abandon the old. It would be much easier if that were really the wise course of action, but just because we have more options doesn’t mean the old ones don’t add value.

I was reviewing numbers from a recent Nielsen study that looked at our electronic media usage. (So print and outdoor were not included). One of the elements of the study was to look at how consumers spent their media time.

First – we are consumed by the media we consume. The average American spends 11 hours a day with electronic media. We’re only awake about 16-18 hours a day, so that’s a staggering number.

It may surprise you that television remains on top – by a three to one margin over smartphones/tablets or the internet. But as you might expect, the TV number is dropping and the smartphone/tablet number continues to rise. Interestingly, watching something off your DVR or what has been dubbed “time-shifted TV” is also on the rise.

Live TV viewers are watching less, but it could be argued that they’re really just watching it differently, as more and more households are streaming and that is influencing how/when they watch. As smartphone/tablet usage goes up, using the internet on a computer has declined. Again, it’s not that people aren’t accessing the internet as much; they are just doing it differently.

Maybe what will surprise you even more than TV being on top is that radio is #2 in terms of hours spent. The study didn’t differentiate between local/satellite, so I can’t help you there. This number is declining like TV usage, but it’s definitely a more popular media than our phones, tablets or the internet at the time of this study.

What does this mean to you? It means a few things:

What you do isn’t necessarily what the rest of the world does: One of the most dangerous assumptions business owners and leaders make is that because they personally do or don’t do something – that’s the norm for the rest of the world. Unless you are utterly average in every way – that simply isn’t true. Don’t let your bias get in the way of good decision making.

Every medium might be the right choice: There isn’t a media out there today that isn’t still a viable choice in terms of reaching the audience you want to talk to. There may be other factors (price versus value, the kind of message you want to deliver, the need for interactivity, etc.) but don’t dismiss any media with a “no one uses/watches/reads XYZ” because it simply isn’t accurate.

Your best bet is a media mix: If you can afford it, spreading your media investment over more than one media is always going to be your best bet. You need to make sure you don’t spread yourself too thin and jeopardize frequency, but your media budget needs to be adequate enough to buy more than one outlet.

Media buying is both art and science. Just remember to consider all the options in your media mix before heading to the latest trend or fad. You absolutely can’t ignore the digital world when it comes to advertising today. But don’t think it’s the only choice to consider.

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Planting your brand’s seeds

August 7, 2019

Branding. What is it and how do you define it? In most cases, people mistake the word branding to mean one of two things. A logo or a tagline. Both are tools you use to communicate your brand but neither is your actual brand.

Brand has been described in many ways. Advertising icon David Ogilvy said a brand is “the intangible sum of a product’s attributes.” Here’s how we think about brand at MMG – your brand is the feeling that is evoked when someone hears your company’s name.

The way we help bring that to life for clients is by helping them define their #1 promise to everyone in their world (customers, prospects, employees, vendors, etc.). It is the thing that will help them stand apart from their competitors in a way that is genuinely meaningful to the audience and is already part of the organization’s DNA. It is a sword they would be willing to fall on.

So how do you figure out exactly what your brand is?

There are three ways to guarantee that your branding efforts will fade away, leaving you feeling as though you made a lot of noise but no one was listening.

Trying to do it yourself: You know a brand is built on a wobbly foundation when 3-5 people sit in a room and decide what it should be. That begs for a superficial brand that’s mostly fluff and little substance. When you are figuratively inside of a jar, you can’t possibly read the jar’s label. That’s what doing your own branding is like.

The truth is – you can’t see your company from an objective point of view. And you can’t really see it from the world’s point of view. So you need to have an outside team lead you through a process that truly helps you discover what your brand is. And here’s a little insight into that process. It’s much like sculpting. It’s more about what’s not necessary than it is about adding anything.

Your brand already exists inside your organization. The process will help you find it, clean it up and remove the barriers that get in its way.

Letting someone else tell you what your brand should be: As vital as the outside help is, be very wary of anyone who tells you that they’re going to meet with you for a few hours, talk to a couple of your customers and then voila – come back and present you with a list of possible brand positions.

That would be like me having coffee with you, talking to a few of your friends and then dictating what your core values should be. It’s ludicrous. Find someone who will guide you through a process that will allow you and your team to recognize and decide on your organization’s true north.

Restricting it to your marketing department: You must recognize that your brand is not just a marketing thing. It’s a holistic company thing. It has to be just as true and meaningful to the accounting department as it is to the sales department. It has to be something you deliver to your employees with the same level of conviction as you do to your best customers.

So the discovery process needs to involve representation from all the key departments of your company. Yes, the leadership needs to be there but you also need some of the front line team members, who actually talk to your customers on a daily basis.

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The name of the game

July 31, 2019

A new business opened up around the corner and I couldn’t help but notice the name. It is A-1 Iowa Plumbing and they’ve hung a big banner announcing that they’re open and ready for new customers.

The name is a good reminder of several common naming mistakes that I thought were worth sharing. Whether you are starting a new business or contemplating a name change for your existing business, your company’s name gives you an opportunity to begin to create a familiarity with your brand.

Starting your name with an A: Back in the good old days, when people relied on the yellow pages to find new vendors, starting your business with an A had some merit. It meant you were at the top of the listings. But, today it’s really not that relevant. When was the last time you reached for the phone book? Exactly.

Even though there are still people who use the yellow pages – it’s not the first place most people look. The truth is, most people ask their friends (either in person or on Facebook) or Google it. Others might turn to a tool like Angie’s List. But in all of those cases – a business with a name that starts with an A has no advantage.

Letting the map define your name: It’s not that there is anything wrong with showing your civic pride but it doesn’t help differentiate you from any other provider. If I look at ten plumbing companies online, via my friends’ recommendations, on Angie’s List, or even in the phone book – they’re all going to be from Iowa. Adding Hawkeye, Cyclone, Iowa or any other variation that tells me you’re based in Iowa is not new information.

If you work locally or regionally, then I already know you’re proud to be an Iowan. If you work nationally, then adding Iowa only makes you look like a local company that I might dismiss as not being big enough for my needs. Either way, it’s not really helping.

Creative Spelling: Unless you have a very large advertising budget, many locations with great signage or you own a lot of real estate that you can clearly mark as your own — – don’t purposefully misspell words in your name. Kwik Trip can make it work but odds are you’re working with a smaller marketing budget, so don’t create more work for yourself.

No matter how you market your business, you’ll spend valuable time and money making sure you have helped your audience spell your business name correctly.

Tell me how you’re different: If you can, use your name to differentiate yourself. Use it to tell me what you stand for or a promise you make to your customers. The local business Service Legends is a heating and cooling business. But where they stake their claim is in how they treat their customers. Their name makes us a promise – that their service will be legendary. That’s a name you’d notice.

Not being willing to change: For an existing business, it’s a delicate balancing act. Do you have so much equity built into your original name that you can’t afford to change it or would the change give you the fresh start and clarifying vision you need?

Walking away from a name that you’ve used for a while is a complicated decision, but that doesn’t mean you should dismiss it outright. If your business has undergone some significant changes, serves new audiences or is re-inventing itself, it might be worth the risk.

Your company’s name is a potential client’s first peek at what it will be like to do business with you. So choose every word with care.

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You’re not going crazy

June 5, 2019

Have you ever been watching TV while simultaneously playing a game or surfing the web on your phone and suddenly it feels like everywhere you look there’s an ad for the same product? For example, you just heard (because you were looking down at your phone) a TV spot for the latest Toyota vehicle and then the next mobile ad that is served up on your phone or tablet is also for the same Toyota vehicle? You’re not going crazy. But you are living in 2019 – the era of automated content recognition.

Automatic content recognition (ACR) is an identification technology that allows our devices to recognize content being played on our TVs. In English what that means is that every TV spot and every TV show is chipped with a pixel that allows our smart TV and our smart devices to know exactly what we watched and when. This chip is sometimes called a watermark, and we can’t see or hear it as viewers. But our phones can.

This technology has been around since 2010 or so, but today, it’s pervasive and being used in some really interesting ways. As your smartphone “hears” what you are watching, it can serve up ads, opportunities to interact with content, provide extra content, lotteries, real-time polls or add the viewer to a database of people exposed to that particular ad or show.

This technology becomes increasingly valuable as our population continues to cut the cord from traditional TV suppliers like cable and satellite, making them more difficult to reach. Streaming services like Hulu or apps like HBO Go also have these watermarks and are collecting data so advertisers can better target their digital ads.

How can we as marketers take advantage of this technology?

Align screens: We know that in 2017, over 74% of adults watched TV while surfing the web or using an app on their phone. One valuable offering from this technology is that it allows advertisers to reinforce their message by pushing complimentary content to the viewer’s phone while they’re receiving the same message on their TV.

Conquesting: This is a technique of intercepting a buyer when they’re considering your competitor. You can now create a digital media buy that “cuts in” when someone in your target audience is watching TV and is served up one of your competitor’s ads. You can then, within seconds, serve up your ad to their phone or tablet.

Study the audience to build better strategy: With ACR, we can determine some key facts: 1) What shows and commercials are individuals watching on a second-by-second basis 2) What the viewer’s IP address is, which will then allow us to know their physical address and which websites and apps they visit 3) How the viewer is watching – is it Netflix on an AppleTV, CBS using a rooftop antenna, an on-demand show from Mediacom via a set-top box or a show they’re watching via DISH TV Now on their Xbox.

Retargeting: Mobile usage peaks during TV commercial breaks. As a result, brand recall from TV ads can suffer. With this technology, you can connect with your TV audience across all screens and reconnect your audience to your campaign. Advertisers can use the database created to target those individuals and serve up anything from postcards in their mailbox to video ads on their phone, based on their viewing habits and ad exposures.

ACR is a way to maximize your ad spend, dramatically increase your frequency and connect with your audience in a multi-media campaign that is very efficient from a budget point of view. It also gives you incredible insight into your competitor’s ad spend and placements and when done well, it can escalate product trials and purchases and knock your competitor off their game.

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Should your brand take a stand?

May 29, 2019

Almost a year ago, Nike released a “just do it” ad campaign for their 30th anniversary featuring Colin Kaepernick, the football player at the center of the “taking a knee” controversy in the NFL. The reaction to the campaign was immediate and loud. The media exploded, social media couldn’t get enough of it, politicians tweeted about it, and investors reacted to this brand taking a stand.

The hashtag #Nikeboycott emerged and within 48 hours of the campaign’s launch, the stock prices fell as people voiced their objections to the campaign. People posted photos of them burning their Nike gear and swore they’d never buy another Nike product.

That’s what made the news but there are other facts that we should take into account.

• Kaepernick has been a Nike sponsored athlete since 2011 and he’s been featured in many campaigns for Nike football and training gear
• The campaign also featured other athletes like Serena Williams, LeBron James, Lacey Baker, and Odell Beckham Jr.
• The focus of the campaign is showing athletes overcoming obstacles
• The initial drop in stock prices (there was a reactionary sell off the day the campaign came out) righted itself (It was $82.20/share the day before the campaign broke and dropped to $79.60 24 hours later. On Thursday, 9/13/18 it was at an all-time high of $83.90)
• Nike added over 170,000 followers on Instagram in the weeks after the campaign launch
• Online sales were up 27% the week after the campaign launched but have now gone back to a more “normal” level
• In a December 2017 Harris poll, virtually no one had a negative opinion of Nike. The same poll, taken a few days after the campaign launched, in September 2018, showed that 17% of respondents viewed Nike in a negative light. However, 29% of men 18-29 said they were going to purchase more Nike products. 19% of respondents of all ages said they were more inclined to purchase even more Nike products in the future.

We have always advocated that brands need to stand for something. A brand with no point of view can’t really differentiate itself from its competitors. But does that mean a brand should take a stand on a controversial issue or topic?

A brand can’t exist in a vacuum. It must believe in something. It must stand for something. Every great brand has a set of core values that drives its decisions and determines how that brand will connect with its audience. According to Edelman’s 2018 Brand survey, “over 50 percent of consumers worldwide say that they will make belief-driven purchase decisions more than they did three years ago. They will buy your brand, switch from it, avoid it – and at the extreme – boycott it over your stance on a controversial or social issue. This is the new normal for belief-driven consumers.”

Today’s consumers, especially those under 50, believe that every brand is either part of the solution or part of the problem. 69% of Millennials are belief-driven buyers. 67% of Gen Z and 56% of Gen X also fall into that category.

Nike’s campaign is a great case study on the courage it takes to live by your brand beliefs. I’m sure there were sleepless nights before the campaign launched and during its first few days as the general marketplace expressed itself.

But to survive and thrive, they didn’t have much choice. Today’s consumers are demanding that brands stop hiding in the mushy middle and step into their beliefs. How will you respond to that expectation?

 

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