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Build Distinctive Brand Assets!

The other day I had the pleasure of listening to Jenni Romaniuk speaking at our offices.

Jenni spoke about the findings in her recent book “Building Distinctive Brand Assets”. Below I will try to summarize some of my key takeaways for this. It is really potent stuff for people working with advertising and branding. As per usual, I have gravely oversimplified everything and concentrated it all to four key points:

Understand how the human brand builds associations

The human mind is complicated, illogical and lazy. It is bombarded by messages every day, and tries to take shortcuts to structure, simplify and make sense of the world.

In this, it links associations together in clusters. Take, for instance, the Apple brand. If you think of Apple, a number of associations spring to mind. The logo, the iPhone and perhaps the MacBook, Steve Jobs. The white headphones perhaps? But also things like “the device for FaceTime with my grandmother” and “Apple as in the actual fruit”. Some of these associations are stronger, some are weaker. Some remain close to the apple brand, some lets the mind wonder on to other associations.

The same is true for categories of products or services. When thinking about booking a summer vacation, a set of associations spring to mind. The sun, the beach, the blue colour of the sea. The taste of Sangria. The hassle of air travel. Memories of hotels I’ve visited. Perhaps travel being expensive? Perhaps carbon emissions?

Understanding that the human mind functions in this way is an important starting point.

Understand the associative map for your brand

The general principles for associations of course also apply to brands. When people think of your brand, they perhaps link it to assets like the logo, the tagline, the package design, and advertisements for the brand. But also past experiences, friends they know who like the product, memories, competitor brands etc.

It is important to understand what assets are linked to your brand. In understanding this, it is important not to look to your own association: No one is more biased and less representative of the target group than someone working full time with the brand. Instead, you need to ask actual representative consumers.

Manage and develop your set of brand assets

When you know what assets consumers connect to your brand, you need to start actively with that set of assets. A few things to consider;

  • A strong asset ranks high in both fame (all consumers know it) and uniqueness (they associate it only to your brand). (Nike Swish is high on both parameters, Nikes link to the game of soccer may be high on fame, but is low on uniqueness)
  • It is positive if consumers link your brand to the things that come to mind when looking to purchase a category (e.g the sun from the travel example above).
  • There is a difference between branding assets (consistent, distinctive, building a system) and messaging (adaptable, creative, grabbing attention)
  • Good assets serve a purpose, ancoring the brand to something present in consumers lives, being easily used in niche media channels, creating uniqueness relative competitors)

Utilize assets for bridging across channels, markets and time

This part I think is very interesting for advertising professionals. In a lot of advertising work, the traditional way has been to start with creating the 30 second TVC. From that, one has tried editing and squeezing that video into different channels and formats.

What I think is super relevant, is the idea of using distinctive assets as a bridge between channels. As long as the asset creates linkage, you can be freer in creating communication that is truly adapted to the channel. (not only advertising channels, but also touchpoints like instore, packaging, web design, e-commerce etc etc)

This also allows for creating bridging across different markets and segments. Where culture, language, preferences may vary, you can still create a red thread by using distinctive brand assets.

Distinctive assets also allow for bridging over time. From one campaign to the next, from one season to another, from one concept to the next. Even from one CMO to the next.

This final bit, about bridging, feels so relevant. In today’s media landscape – where a brand might want to be present in TV and print, on YouTube AND as a sponsored snapchat filter – finding principles for linking those efforts without missing channel relevance is extremely useful.

One example from Sweden is Triss (scratch card lottery).

If we start with their current TVC, there are a lot of elements in there. There is a reverse timeline, a protagonist (the lady) and an antagonist (car salesman. There is dialogue, humor, a cool sports car etc etc. But almost all of these elements are of little value as brand assets. They lack fame, they are difficult to build uniqueness on and they are not conveniently transferred to other formats.

But if we look at the final 4 second, the good stuff gets revealed:

  • The colour yellow
  • The “scratched area”
  • The logo
  • The font
  • The logo
  • The sound of scratching

Suddenly you have a great set of assets for bridging.

In OOH, instead of using a photo from the TVC, they go for a copy-based solution: They use colour, scratched area, font, logo, and are able to get the humorous effect in in short copywriting which is adapted to the media. The same setup works for mobile, for snapchat.. Establishing the scratching sound as an asset enables a link to radio advertising.

 

So that is a short summary. I really recommend you buying the full book.

P.S. In a panel discussion after the seminar, I asked Jenni about channels where branding is less salient. (Some people advocate that the “correct” way of working with things like influencers and native is to tone down branding as much as possible.) She was clear in her opinion, that channels where you cannot have tour brand assets present are not relevant channels.

P.P.S. we also briefly touched on the currently discussed Carlsberg Probably [not] the best beer in the world campaign. There has been some debate as to whether tampering with the Probably the best beer in the world tagline asset. Here, Jenni argued that the distinctive asset for Carlsberg is actually just the word probably. That means that the rest of the sentence can be considered message, rather than branding. I had not previously made up my mind on the matter myself, but after hearing this thinking, I would have to agree. Very cleaver reasoning indeed.

thx to Carat and ClearChannel for making the session happen!

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From Barbells to Bananas

A while back, I attended a seminar with a great array of speakers on strategy and marketing (Mark Ritson, JP Hanson, Wiemer Snijders and Rory Sutherland). That experience resulted in a blog post that got a lot of appreciation. So, I went on and extended that blog post and structured it a bit more, resulting in a booklet summarising a few interesting ideas and models on marketing.

Below is an outline of the content, if you would like a copy of the full booklet drop me an email at nils.a.wimby@isobar.com (avaliable in English or Swedish)

FROM BANANAS TO BARBELLS – Six models to guide you in the modern marketing Jungle

Amazon.com lists over 50 000 books on the topic of Marketing and Sales. The top 20 books average over 300 pages each. I would venture a guess that most of these millions of pages are bought but never read.

The booklet I put together is just 30 pages. It is an attempt to keep it simple: six easy models or ideas on marketing. Most of them are borrowed. All of them are simplified.

For each chapter, there are recommendations for further reading. There is a great amount of good reading out there. This is just a quick nibble to get your appetite going.

1. Starting at the right end

 

The first model is about doing your research and thinking before getting to work. Studying the map before rushing out into the world.

Sounds simplistic but is often forgotten when we get caught up in day to day operations. We need to be stringent first in analyzing the market as best we can, then formulating our strategy, and finally executing our tactic measures.

The outcome of your marketing efforts becomes the multiplication of the three phases, meaning it is better to do all three at an ok level, than excelling at two and failing at a third.

2. Weighing your efforts

 

In this section, we explore two important things to consider when allocating marketing budgets:

  • Loyalty is generally very weak, with most product buyers buying very rarely
  • Long term emotional branding advertising and short term sales driven advertising serve different purposes, imply different strategies, and have different KPIs.

The first model illustrates how frequently the buyers of your brand actually make a purchase. Here, research finds that across almost all categories, the majority of purchases are done by people who buy very rarely. The banana serves as as a model to illustrate the shape of the diagram: Almost all volume to the left (less frequent consumers) with a much smaller longtail to the right (frequent buyers).

The second model needs no introduction, it is perhaps the most famous one in marketing today. Binet & Fields model illustrates the duality between short-term and long-term marketing efforts. The key takeout is that if you focus on KPIs that measure short term marketing (sales, clicks, ROI) your efforts will steer towards that type of marketing. In this there is a clear risk of neglecting long term brand building.

3. Consistency, consistency, consistency

What you see here is not a model per se, but it is a good illustration of the third idea in this lineup, consistency. None of the icons above include a brand name but are all instantly recognizable to the majority of consumers. This is a super relevant aspect in a cluttered media message where consumers are bombarded with messages and generally try to avoid advertising. Consistency, to establish recognition in consumers minds, is usually more important than adapting to short lived trends or making sure your advertising feels new and fresh.

4. Looking at the full cost / reward

There are plenty of models describing the amount of reach (and correspondingly media investment) you need to drive consumers from brand awareness to actual purchase. They are known as funnels, just because reach needs to be the biggest at the awareness stage at the top, and then gets narrower as communication gets more tactical and targeted further down.

 

As these funnels are so universally accepted, it is a common mistake to assume that their ratios apply not only to media spend, but to all costs and efforts. But the cost of content creation, tech resources etc can show different patterns. It is therefore important to not just assume that some investments are cheap because the media investment is low, but too look at all costs and resources drawn by any initiative.

5. Who calls the shots

Ambiguity of mandate and decision making in the relationship between client and agencies is present in a lot of marketing work. This is because there is no set formula for decision making and mandate. At what stages of the process does the client, the creative agency, the media agency or the performance agency have to take responsibility – and get to call the shots?

There are a couple of potential pitfalls as a consequence of this: Lack of direction, Over-analysis or flat out Paralysis

6. Putting Innovation Into perspective

As marketers are dealing with the human mind, which is subject to confirmation bias, post-rationalization and a whole host of inconsistencies, it is a mistake to let 100% of efforts be data driven. Those who do may be solving the problems of today, but not hedging against the future.

There are different models related to this. One is the Barbell model. It states that 85% of your efforts should go to low risk, low reward safe bets. 15% should be aimed at high risk high potential reward. The most important bit: Nothing in the middle. Keep your bread and butter work and your experimental efforts well separated, there should be no grey area,

 

 

A disclaimer: This is a list of six interesting ideas around marketing. It is not the list of marketing ideas. There are many others, and of course a huge amount of detail and data underpinning them. But I hope this list may be thought provoking, and get some thinking going around structure and prioritisation in the marketing process.

A very interesting and relevant thing about these models: They are not brand new, not secret or complicated. Yet, they seem very difficult to follow. This is actually a shortcut to success: If you are able to make sure you really follow at least three of the ideas listed here, you are probably doing a better job than the majority of the marketers in your industry.