BRAND INSIGHTS MOST BRAND STRATEGIES END UP BEING A PENETRATING INSIGHT IN THE BLATANTLY OBVIOUS. – BRAD JAKEMAN, US MARKETING EXPERT Brand insights inform How consumers perceive and engage with the brand How the brand must be communicated to the consumer The implications for advertising are obvious You can’t persuade a consumer to attend to your message if They don’t know, like or trust your brand They don’t recognize the message as consistent or appropriate to the brand What is a brand? It’s a story told/experienced by consumers The accumulated “value proposition” expressed through The company/product The culture The communications What do they share Qualities of great brands Compelling idea: what does the brand offer that the consumer needs? Physical and emotional needs. Core purpose Central values BMW The ultimate driving machine Core purpose: to deliver an outstanding driving experience through superior car performance Values remain consistent across different audiences and product lines. Quality-technology-performance-exclusivity What do they do? Articulate the brand promise/values Invest in brand delivery across multiple platforms Make decisions in keeping with brand strategy How are brands created? Brand foundation = the value proposition (positioning) The product “value” is defined by the company as what they “build” into the product But it is not always defined as such by the consumer Consumer value is always perceptual, not objective fact. All consumers do not experience the same product in the same way Pafe Brands have “identities” that are created by various authors who tell stories about the brand 1. Companies: create the story through each point that the company touches the consumer Product itself People in the organization Retail environment Communications Owned Paid 2. Culture Media appearances in movies, tv, books, magazines, Internet http://www.youtube.com/watch?v=vuAUI_0knfk&feature=related 3. Consumers Create stories about their experience consuming the product, which they share with others Earned media Blogs Social media 4. Influencers Reviews by experts Credible industry insiders Innovators and early adopters in the category Guess who? Apple’s core purpose and values To make technology accessible and easy to use Design matters Functionality rules Simplicity prevails Creativity and innovation drive the business Expressed through the product… Expressed through the communications Expressed through culture The result… The Brand Story This becomes the perceptual frame through which consumers understand, value and experience the product And these frames are “sticky.” They endure, which is what makes brand cultures so powerful…and so important to marketers They endure because there are too many choices We’re lazy They give us collective experience (brand communities) Brand insight is about understanding the reality of this brand frame, not necessarily about changing it What are we trying to understand? 4 Dominant Areas Relevance Differentiation Credibility Stretch Relevance To what extent does our brand connect with target consumers? What functional and emotional needs are being satisfied (or not)? What factors are influencing how relevant the product/brand is to our consumer? Apple Dove Google Differentiation Where do we stand relative to our competition in our consumers eyes? What are we offering that consumers perceive as added value in the category? How significant are the points of differentiation? Are they worth pushing further? Do consumers value those points of differentiation? Target Virgin IKEA eBay Credibility Do consumers believe the brand keeps its promises? What competencies does the consumer perceive about the brand? Do they match the message? Where are the gaps? Brands with high credibility? Why? Nordstrom Disney BMW Stretch Is the brand perceived as inspiring or innovative? Does it “define” and “push” the category in a way that excites/interests consumers? Is the brand alive and growing or dull and dying in consumers eyes? Nike Swiffer Brand Insight The process of uncovering where your brand sits on these dimensions Several basic areas of questioning to elicit brand insight What is the consumer’s connection to the category? How does it fit in their world view? What defines the consumer’s ideal experience with the product/category? How would this make them feel? How does this ideal compare with what currently exists? Does any brand come close to delivering the consumer’s ideal? How? What other associations does the consumer have with your brand? Competitors? Seek good and bad. What would your brand need to do to make consumers believe it could achieve their ideal? Insights will suggest opportunities for communication IKEA: You’re free from living with your furniture forever http://www.youtube.com/watch?v=I07xDdFMdgw Dove: Redefining real beauty http://www.youtube.com/watch?v=iYhCn0jf46U Disney: The best time you will ever have with your kids http://www.youtube.com/watch?v=ocXSqupDpoc&feature= fvsr Problems What if your consumer can’t articulate any clear differentiation for your brand? Citi http://www.youtube.com/watch?v=KERwnA8VfFM What if there is no USP, no emotional connection, no selling proposition? Old Spice What if the selling proposition is the idea of variety? Penneys Target http://www.youtube.com/watch?v=IPah6p04ZDQ What if price is the proposition? Clorox What if saving time and money is the proposition? What if your proposition requires that you take on the competition? Mac vs PC