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Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

Thursday, June 8, 2023

Should you market like Apple or OpenAI?





When it comes to winning through marketing, there are two divergent strategies that can deliver spectacular results. We’ve seen them at work in recent months with the launch of new offerings that have generated massive hype.

Aim high or low 

One marketing approach is based on mass distribution to get people to sample your offering for free while adding to the hype about it. The other is based on loyalty to a strong brand that has won over fans willing to pay a premium price.  

Which one you choose depends on what kind of product you are offering and what your brand position is. As loyalty is only earned over time and through people’s positive experience with products, Apple’s marketing is not usually going to work for a new kid on the block. 

ChatGPT takes the low road to success

Understanding that, OpenAI took the tactic of mass distribution on a scale we have not seen before. It launched ChatGPT on November 30, 2022 and attracted over a million users in the first five days.  

In just  two months, it hit 100 million monthly active users, which made it “the fastest-growing consumer application in history,”  Reuters reported.  It now boasts of 1.8 billion visits a month, and many of those visitors are happy to pay the  $20 a month subscription for ChatGPTplus, which was introduced in February. 

What made ChatGPT take off so rapidly was the build-up of hype that continued to grow as a result of people being able to gain access to generative AI on their own devices simply by registering and logging in.  Remove any barriers to entry – like cost or the need for specialized equipment — and you get to enjoy rates of PLG (product-led growth).

Apple takes the high road

In contrast to OpenAI, Apple already has a well-established customer base eager to experience its new offerings. Accordingly, it doesn’t have to offer free access and can seriously expect people to pay $3499 for the Apple Vision Pro that is to become available for sale only in 2024. 

Why unveil something a half a year before you can even preorder it? To heighten the anticipation and the satisfaction the early adopters will feel when they are among the first to obtain the latest offering from a brand they love.


Even at this stage, they are all reading the tweets, viewing the videos, and asking questions that show a high level of interest. That level of engagement combined with the reviews from all the tech journalists who got to play with the headset create a type of hype that is more rarified than that surrounding ChatGPT but just as impactful.


Would you buy it? 

Apple can price its headset that the average consumer can’t afford because it has millions of fans already who know and love its products. Within those millions are tens of thousands who would not consider the price tag too high for the bragging rights that come with being among the first to have this new offering.

Sure, there will be imitators putting out cheaper versions of the headset. But that’s always been the case for Apple devices. True fans insist that you get what you pay for and you shouldn’t settle for second-best.

On the other hand, OpenAI had the difficult job of rousing interest in something intangible that couldn't be photographed or shown to advantage on video. You could have accounts of individual user experiences, but those don't generally generate the response of "Want!" the way videos do.

What do you do when you’re offering something people haven’t had before from a brand that has yet to establish its reputation? You offer free samples, and that’s just what OpenAI did – very successfully.  Once it had enough people hooked and even boasting about making it integral part of their businesses, it rolled out the premium version that most people could afford to pay.

Which are you?

"Know thyself"  is the basis of determining your course of action in life and in business. If you’ve established yourself as a premium brand that can trade on exclusivity, you can offer high end products to your fan base.  But if you’re an unknown quantity, you have to win over the masses to at least give your offering a try to build up a loyal following. 

What’s the tell? How many followers identify themselves as such is one indicator. Notice that even in its current heyday, OpenAI’s 2.3 million Twitter follower are dwarfed by Apple’s CEO’s 14.1 million. (No doubt, Steve Jobs’ numbers would be even higher if he were still alive today).


Most businesses will never attain Apple’s superstar status, but they can still follow the high road of marketing after establishing their brand as a leader in the market. And for those whose offering is not suited for premium pricing, OpenAI’s incredible rate of adoption proves that it is also possible to go from zero to millions in just a few months.

So long as you know what you're about and who makes up your target market, you can adopt the right strategy and follow the high, low, or middle marketing road to success.  


For help determining with marketing path to take and what type of content can help you get there visit WriteWayPro and  book a free consultation call.

Related: https://writewaypro.blogspot.com/2023/05/did-open-ai-open-pandoras-box.html


Tuesday, May 23, 2023

Building Alone Doesn't Lead to Success

 "If you build a better mousetrap, the world will beat a path to your door."


Photo from https://www.pexels.com/photo/brown-wooden-mouse-trap-with-cheese-bait-on-top-633881/

That  adage is false.
In fact, you could even say that it's a trap.

If you believe it, you'll end up with a warehouse full of mouse traps but no revenue. To leverage your improvement into a source of income, you have to reach prove to them that your solution works better for people who are dealing with a mouse problem.

That's why you need good content that demonstrates an understanding of pain points and demonstrates how your product solves them. You also need to make sure to reach the people whose problems you will solve. There's not much point in marketing your offering to someone who has no need for it.

That's why you need to a marketing plan from day one. I wrote this on iInkedIn post earlier today, and this evening I came across Peter Thiel's expression of the same idea in Chapter 11 (p. 127) of Zero to One:

    In Silicon Valley, nerds are skeptical of advertising, marketing, and sale because they seem superficial and irrational. But advertising matters because it works. ... You may think that you're an exception; that your preferences are authentic, and advertising only works on other people. .... But advertising doesn't exist to make you buy a product right away; it exists to embed subtle impressions that will drive sales later. Anyone who can't acknowledge its likely effect on himself is double  deceived."


Thiel ads this observation on p. 130: "If you've invented something new but you haven't invented an effective way to sell it, you have a a bad business -- no matter how good the product."  

In case you read the title as a reference to being alone, I have another blog on working alone  that goes in a different direction. 




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Monday, May 15, 2023

What makes content marketing effective

 

Hairstylist spraying hair. Photo credit: Rene Asmussen on Pexels.com

 The hairstylist and the photographer


​Once upon a time (in the year 2005 ) I created a print magazine and managed both its content and ads. I brought the two together in what everyone today calls content marketing.  encouraged advertisers to write articles to give readers more context than an ad alone provided.

In one issue, I had articles from both a hairstylist-- who got it exactly right -- and a photographer - who got it totally wrong. What she did was offer tips that they could apply to their own hair. He, instead, opted to write about himself and his approach to photography with no takeaways of use to his readers. 

What was the result of the two approaches? The photographer admitted many people told him they saw his article, but they didn't contact him for his services. In contrast, the hairstylist reported that the article brought her more customers than any advertising had ever done. 

The moral of the story

The photographer failed to offer value to the audience  because he was solely focused on self-promotion.  The hairstylist, on the other hand, instinctively understood what content would appeal to her audience and was rewarded for giving it to them.  The key to successful content marketing is not to make it all about you but all about offering useful information for your audience that makes them trust you.  


Related


Tuesday, April 25, 2023

An A/B Test of Generative AI

Yet another brand that uses this slogan is featured on Amazon






I put the same query to Bing, ChatGPT, and Google Bard. This was the prompt: "Let's Build the Future Together": How many businesses use this slogan?


Want to guess which one gave the best answer?

❌ For Bing, I made sure to be in the chat mode and got even more disappointing results than I got from its search mode. This is the New Bing's response to my query:
"I’m sorry but I couldn’t find any information on how many businesses use the slogan “Let’s Build the Future Together”. However, I can tell you that a company slogan is a word or phrase used to represent a business as a whole or its products and services. Slogans typically follow a company or brand’s name in marketing materials such as business cards and advertisements."


❌#OpenAI's ChatGPT response came faster, but it wasn't any better than Bing's. This is what it said:
"I'm sorry, but as an AI language model, I do not have access to information on the exact number of businesses that use the slogan "Let's Build the Future Together." However, this slogan is a common one that has been used by many different businesses and organizations over the years. It is a popular marketing phrase that is often used to convey a sense of partnership and collaboration with customers or other stakeholders, as well as a focus on innovation and growth."


✔ Google's Bard was the clear winner out of the three. It admitted it didn't have full information and it went off on the tangent of why businesses use that slogan, but it did at least name some that use it:

The United Nations
The World Bank
The Bill & Melinda Gates Foundation
The Coca-Cola Company
The Ford Motor Company

It added that it was used by Barack Obama's 2008 presidential campaign.

While I don't claim to be an "AI Prompt Engineer," I do know that you sometimes need to try the prompt again to get more thorough responses, so I regenerated the response on Google Bard. It offered a slightly different contextual background and repeated the UN and Coca-Cola but it also had 3 additional names of brands to add to the list: Amvets, LEGO, and Siemens.

It also plugs Google, noting that "a quick Google search reveals that there are hundreds, if not thousands, of businesses that use this slogan."

A third run on Bard yields 2 names already mentioned plus 3 new ones:
The American Society of Mechanical Engineers
The National Association of Home Builders
The World Economic Forum





So you get the picture. It can take multiple rounds to build up a list that is not going to be comprehensive but at least gives you some idea off the range of organizations that apply the same slogan.

I'd recommend that all brands do searches on the slogans they're considering. While it may make sense for toys and those in the building trade to adopt it despite its wide adoption by other organizations, a new startup will likely not get much traction from something this abstract.


Related:



Tuesday, March 21, 2023

New York goes New Coke

Tourism is down in New York, and the state has been attempting to leverage marketing to lure tourists back to the Empire State in general and the Big Apple in particular. 

Timing is everything

In July of 2021, I wrote about the city's $30 million campaign“It’s Time for New York City.”  As it turned out, the summer of 2021 was not really the best time to return to the city, as many COVID restrictions were still in place, and some attractions were not even open at the time or even in the fall that followed.


But tourism plays a huge role in NY's economy, and so the it has to continue to look for marketing ideas to make it appealing. So it goes back to the drawing board and looks for inspiration.

The iconic model 


It makes sense that what worked well in the past would be considered. That's the iconic "I love NY" slogan that made my list of most memorable brand slogans.




Graphic artist Milton Glaser created this slogan with the heart in place of the word love (way before emojis became standard) campaign to boost tourism to New York State (not just NYC) in 1977.  In 2009 it became the the official state slogan and Steve Karmen's song with that title was adopted as the official state song

Like New Coke

Anyone here old enough to remember 1985 when Coke introduced a new formula for its soda? Here's a refresher for you from Coke itself. The company did its market research and was convinced the new formula would win over more customers, though it threatened to lose them their solid base of loyal fans.

Now NYC is doing the same kind of thing with by  transforming the iconic New York State slogan into one for the city alone with these tweaks: a change in font, replacing the "I" with "We" and swapping the heart out for different images in the video. The result that was unveiled in March 2023 is this: 


The video description proudly declares:

"We❤️NYC” is a 21st Century version of the 70’s “I❤️NY” campaign. Once again, New Yorkers are coming together to mobilize civic action and community engagement as the catalyst for a renaissance of the city and its neighborhoods. In many ways, the challenges facing the city today are more complex than in the past. Together, “WE” can tackle these challenges and demonstrate, once again, that this is the greatest city in the world."

What I love is that one of the first comments notes how tampering the Glaser's work is a mistake:

Greg Richards

‪I love NYC as much as I despise this logo. The unbalanced design is a third-rate
theft from Milton Glaser’s original and is an affront to this great city.
A 3-D clip art heart? Please, please @Partnership4NYC do not use this logo. ‬

While some object to the change in look due to the font switch, I'm responding more to the change in wording. I'd say that they're missing the point in transforming the "I" to "We."  

The brilliance of "I" is that it is absolutely inclusive because there is no dependence  on another to feel the same way you do. In other words, "I" encompasses "we," while "we" doesn't include every "I."

Instead of recognizing that, the campaign is referencing a platitude from the pandemic about being "in this together" that ignores the  very different experiences people of different classes had at the time.

One class was stuck with no school open for their kids while they had to work, while another just took their laptop to the Hamptons or wherever they felt safer and were able to pay for private school if their public schools stayed closed like the onesin NYC.

Also the examples offered are kind of lame when you have to say something like you love $1 a slice pizza, though now it's $1.50. Inflation is really not a cause for loving NYC.

While this campaign shares the same flaws behind the New Coke fiasco, the people behind it will not have to admit their mistake the way Coke did when it had to bring the old formula back. NYC is still there and accessible to those who want to visit even if they hate the campaign.

P.S. After I posted this, I see that there are many others who really don't love the new NYC slogan.




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Monday, August 22, 2022

Mary Poppins' Guide to Gamified Marketing





“In every job that must be done, there is an element of fun. You find the fun and - SNAP - the job's a game.


Those words of wisdom from Mary Poppins are backed by science that finds that when people are interested and engaged in a subject, they enjoy a shot of dopamine to the brain. Marketers can capitalize on that effect when utilizing gamification to engage customers and deliver a fun experience that associates warm and fuzzy feelings with a brand.

Home decor and shopping get gamified


 Design Home: House Renovation  is the name of the game. That offers an irresistible combination of video games and shopping.


Some of the pieces can be purchased virtually for the game alone. But the real big money would come through buying actual sofas, rugs, tables, etc. for one’s real life home. And that would be quite the payoff for the affiliated sellers and brands.


This is marketing that doesn’t feel like marketing because it draws the shopper in through active play. To get players even more motivated, it offers“Daily Design Challenges.” There is also a social aspect to it with  voting on rooms and the possibility of borrowing from friends through the Facebook connection.


FOMO or an addictive component is also baked in with the possibility of advancing levels, gaining access to unlocked rewards, and the  promise of discovery of “brands and trends,” as well as the “new pieces added every day.” 



Generating excitement for new offerings

Building on brand loyalty is fundamental for sustained business. When you add in a crossover with another brand associated with play, you can add some fun to that fundamental strategy.  

Adidas did that in partnering with LEGO for a range of products. 


This past spring, when it introduced its  Adidas Ultraboost DNA X Lego Plates shoes, priced at $200. While the collaboration alone generated buzz, LEGO pushed for even more engagement by sharing ideas for customizing the shoes on the “adults welcome” section of its site. 


See 6 incredible ways to customize your LEGO® adidas Originals Superstar for ways sneaker collectors, designers, and just creative people who wish to share their passions on their feet found to use the shoes as a medium for imaginative arrangements. The idea is to inspire others to follow suit, engage more with the shoes and the possibilities inherent in connecting LEGO bricks.


Promoting products via virtual games

  Speaking of LEGO and gamification, the brand aims to engage kids with a section of its site showcasing LLEGO® video games available for PC, PlayStation, Xbox, Nintendo Switch™ and other consoles.. Those are searchable by theme, which also leads to all related products.


For example, the  Star Wars will direct you to the Rise of Skywalker game, where you could choose to be on the light or dark side. It also leads you to a view of the many LEGO characters and sets within the Star Wars universe. The same holds true for other themes for which there are many sets available. 


LEGO also offers a range of apps, some of which are specifically designed to bridge the virtual game and the physical world. Among these offerings is what is called “EGO Hidden Side,” which promises live participation in a ghost story that can involve  a number of players.. 

Playing the game of FOMO


For its 25th anniversary, Pokémon collaborated with OREO to Issue a limited-edition collectible cookie that generates FOMO.  The 16 distinctive Pokémon designs are promoted as collectible, motivating customers to buy multiple packages to be sure they get them all. 

The OREO site  warned fans of the cookie or the game that only some the limited edition packages will have  all 16 version inside. And to truly complete their collections, they will have to buy enough to even obtain the “super rare Mythical Pokémon.”  

I Infusing new life into an old product 

Mary Poppins just snaps her fingers, and the clothes fold themselves, fly into her arms and then into the draw.
Mary Poppins using a magic snap to clean up the room

Gamification elements like AR can also be used to revitalize interest in a product that is usually not front-and-center of a person’s cooking experience. Table salt is a good example of that.


Nearly all of us use some in cooking and baking but don’t think all that much about the brand involved.  Morton Salt wanted to get their attention, particularly as more people were taking up cooking at home when not eating out during the pandemic.

 

To that end, the brand introduced an integrated marketing campaign across all channels combined with QR codes on labels to activate an AR experience. That idea was to give customers  “several fun and educational ways” to engage with the brand. 


You can see the short video about it here: https://www.facebook.com/watch/?v=1091572674646934


For a warning about how just jumping on the gaming bandwagon can backfire --as it did for Coke -- see Major Marketing Missteps from Adidas, M&M's, and Coke




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Wednesday, August 17, 2022

Sustainable Loyalty: Reaping the Rewards of Reduce, Reuse, Recycle

 “It’s not easy being green,” a fact that Kermit has bemoaned. But for brands that do it well, it can foster greater customer loyalty.


Brands jump on the circularity bandwagon


Circularity is the name of the game of keeping products in use rather than throwing them out. For the clothing market that means avoiding the wastefulness of  fast fashion in favor of clothing that endures for many uses and that applies sustainable practices in production and recycling. 


The online consignment shop, thredUP,  shifted the paradigm of thrift shopping from trawling through racks in-store to scrolling through options on your phone or PC. In addition to making buying pre-owned clothing that much more convenient, it branded it as not just economical but socially responsible, as it explained on a blog post:


Here’s the facts:

-Fashion will drain a quarter of the world’s carbon budget by 2050.

-26 billion pounds of textiles are dumped into global landfills each year.

-A single T-shirt takes 700 gallons of water to produce.

Here’s what we can do:

-Consume less.

-Reuse more.

-Choose used.


Over the years, thredUp has partnered with popular brands that gain a halo effect from participating in the resale market due to its green cred. Brands like Adidas are even using their partnership with it to launch their own Give Back initiative xclusively on their own branded app. 


Clothing for a better future


One of the brands to embrace sustainable standards for clothing is Primark. In the Primark Cares section of its website, it details its commitment to reduce its carbon footprint in production and increase the longevity of its clothing. 


As Primark explained in  Love Your Clothes, Love Your World:

When it comes to fashion, durability — how long a product lasts — really matters. It’s not just about getting better value for money by keeping your clothes longer, it’s about improving our impact on the planet so there’s less waste.”


For proof of progress, Primark said it would be working with WRAP and will follow a "’Target, Measure, Act’ approach, where businesses set targets, measure their impact and track progress, both on an individual basis and towards national targets” for the UK.

,Primark already uses recycled or sustainably sourced materials in 25% of its clothing lines. It has pledged to increase that to all its product lines by 2030. 

The brand’s CEO, Paul Marchant was quoted i the ncorporate pledge,, saying. “ Our ambition is to offer customers the affordable prices they know and love us for, but with products that are made in a way that is better for the planet and the people who make them. We know that’s what our customers, and our colleagues, want and expect from us.”


Gaining by losing a million pounds


It’s not just the clothing industry that is concerned with going green. The beauty industry has also woken up to the imperative to reduce waste..


 One way to make it happen is by cutting out unnecessary packaging. That’s what e.l.f. recently announced in sending out an email with the subject line, “e.l.f is committed to sustainability.”


It promised that it was shedding unnecessary waste in its packaging. “Say Goodbye to 1,000,000 Pounds of Packaging” was the way it phrased it, and it illustrated that point with an image and a gif.

 

There’s a double advantage to reducing excess waste from packaging. Of course, it generates less waste of paper and plastic. But also the lighter weight means greater efficiency in transportation and fuel consumption. 


Finding new approaches to make clothing and beauty products more sustainable is a win-win. One win for the planet and another win for brand loyalty. That's why it’s a good bet that  we will see many more brands communicating their pledges to improve their environmental impact.  



Related:
Don't just aim for different
Visualizing the customer journey
What makes content marketing effective
What the Little Prince teaches us about marketing





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