Power Marketing

Does a name determine value?

Maybe. Names plant images or emotional value in our minds. Product names seem to influence value. Consider these examples.

Wine
If you are selling wine then consider the study by Brock University as reported in the Globe and Mail.


“Names that seem unique or harder to understand or wrap your mind around are that way because they’re rare,” said Antonia Mantonakis, the Brock associate professor of marketing who led the study. “Things that are rare are more valuable.”

Apparently wine appears more valuable when it seems to be unattainable.

This study demonstrated that a difficult-to-pronounce name like Tselepou was perceived as more valuable than Titakis, which was perceived as more valuable than a simple common name. Wine drinkers want to be mysterious. Read the rest of this report at the Globe and Mail

Investment
The same article in the Globe and Mail mentioned:


"In one subsequently famous case, Harley-Davidson shares shot up 16 per cent in the weeks after it changed its ticker from HDI to HOG, the biker-slang term for its motorcycles."

When it comes to investments simple names are better. Investors want to be reassured - not confused.


Dating
Imagine if you are a guy looking to meet a woman on an online dating site, how likely are you to contact a Gertrude, Bertha or Gretchen? Would Melanie, Tiffany or Jennifer sound more attractive?

Imagine that you are a woman hoping to meet the guy of your dreams. Your friend offers to introduce you to   Igor, Rudolph and Herbert. Would you prefer Brad, Stephan or Trevor?

Naturally the attractive people names will be influenced by your age and culture.


I suggest that when you are naming your company or product think about what sounds attractive to your best prospects. They are the ones who need to give you money. Buyers won't care about the name of your grandmother, your hero or your pet.

Should the name sound exotic, simple, foreign, common, reassuring, provocative or suggestive?



George TorokKeynote Marketing SpeakerCo-author of Secrets of Power Marketing
Get your free copy of "50 Power Marketing Ideas"Power Marketing on FaceBookMarketing Zoo on Twitter

Here's an example of a big bank (CIBC) building relationships. Contrast that with the usual corporate approach of focusing on branding.

I believe that relationships beat branding in terms of marketing payback. Yet most corporations focus on branding because it is trendy, sexy and expends much more money. Branding allows the corporate folks to reamin aloof and safe. Relationship building requires personal commiments.

So, I'm impressed when a big bank works to build relationships at the branch level. They can't build relationships at the corporate level.

Look at this flyer from the local branch of the CIBC. They are inviting local families to get their photo taken. It's free. It's good relationship marketing and it clearly identifies their target market - local families.

Congrats to CIBC bank. Banks need to realize that they have a corporate brand and a branch (small business) relationship with clients. They need to leverage both connections.


PS: I'm even more impressed because I received two follow-up reminders about this photo day at the CIBC bank. A second flyer arrived by regular mail AND I received a voice message on my phone. WOW! A big bank learning how to market to people.


George Torok Keynote Marketing Speaker Co-author of Secrets of Power Marketing
Get your free copy of "50 Power Marketing Ideas" Power Marketing on FaceBook Marketing Zoo on Twitter

While examining the DAP sealant tube I struggled to read the printing. Could you read this fine print?

I put on my reading glasses and pulled the maganifying glass out.... and struggled to read this fine print. I was looking for the directions of how to best use the product. Why did DAP make it so difficult?

1. Did DAP include the directions because they were required by law?

2. Did DAP include the directions because their lawyers suggested that?

3. Did DAP include the directions to be read by customers for ease of use?

I don't know about the first two possibililites.

I suggest that it was not for reason number three.

If DAP really wanted customers to be able to read the print - they would have made it easy to read. The print was tiny and the colours used didn't offer readable contrast.

The people at DAP might argue that they had to make the print small because of the limited space and the need to print on both official languages in Canada. I understand.

Why did they pick such dumb colours? My guess is that the branding police held sway. They might have been more concerned with form than function - which is the biggest nuisance about "branding priests" in any organizations. They focus on corporate look instead of customer experience.

The other suggestion that occurred to me was for them to include a web address on the tube where customers could visit to read and print the directions and guarantee restrictions.

George Torok

Marketing Speaker

Good time to review your branding strategy for 2012.

Check out these provocative articles about branding. Warning: You might find some of these ideas offensive - and that's what a good brand should do.



The Branding Fallacy


Your Branding might be killing your business

Beware of the branding zombies. They regurgitate meaningless mantras like "branding is good", "you need a brand" and "we can help you develop your brand." These creatures only want your life blood. Unfortunately these zombies don't look like the ones in Michael Jackson's Thriller video. They look like you and I. They call themselves branding consultants, marketing agencies or graphic designers. And they try to sell you snake oil remedies.

It's time for a branding wakeup call. This might hurt especially if you have recently succumbed to worship of the brand. Remember, "Pay no attention to that man behind the curtain" in the movie The Wizard of OZ. I'm ripping back the curtain. You might not like what you see. But it might save your business. I'm urging you, "Pay attention to the man behind the curtain."
Read the rest of The Branding Fallacy




Five Steps to Build a Personal Brand Like Harry Houdini


Harry Houdini died in 1926 - more than 80 years ago. Yet he is still remembered as the greatest escape artist of all time. Even David Copperfield doesn't come close in terms of brand and name recognition. That is the power of personal branding. Build a solid personal brand and it catapults you to success. Build a really good personal brand and it survives your death. Will your brand survive 80 years after your death? More importantly, will your personal brand help you while you are alive?
Read the rest of Five Steps to Build a Personal Brand Like Harry Houdini




BRANDING : 7 Important Questions and the Straight Answers


Consider these important questions about branding and the brutally honest answers that could help you sell more and save you lots of money that is typically wasted on branding. If you sell yourself as a branding expert - you might not like these answers. These are frank answers that demystify branding.
Read the rest of BRANDING : 7 Important Questions and the Straight Answers




Branding Lessons from Genghis Khan, the Mongolian Marketer

What can a growing business learn about branding from Genghis Khan? He united and ruled Mongolia. Genghis is known as a strong ruler and conqueror. Some might call him cruel and vicious. But he is remembered as a strong, memorable and effective leader.
Genghis Khan provides powerful lessons for business on branding. Consider this branding challenge. Many countries, geographic regions and cultures are looking for creative ways to develop their tourism industry. How can developing countries develop their brand?
What can you do if you are Mongolia, a country that suffered almost 70 years of Soviet communism? (The Russians hated the Mongols.)
Play word association with the word "Mongolia" and you might reply with "Mongols" which would lead you to "Genghis Khan"; then you might run out of words. This is the challenge that Mongolia was facing.
Read the rest of Branding Lessons from Genghis Khan, the Mongolian Marketer




Is There a Brand in Your Stand?


Watch out for the branding gurus. Beware of the branding police who focus only on images of brand. Fire the branding consultants who feel qualified to tell you what your brand should be. Ignore the branding zealots who proclaim "brand or die".
Good, now that we have frightened off the undesirables let's address some fundamental questions about branding and offer you some probing questions to consider. That first paragraph demonstrates the three rules of creative positioning as explained below.
Should you have a brand?

Maybe. It depends on the goals of your business. You need to ask yourself some questions. Will the brand give you the return on your investment? Will you invest the resources to claim and sustain the brand?
Read the rest of Is There a Brand in Your Stand?


George Torok
Marketing Keynote Speaker
More Marketing Articles

Are They Pigs?


This is not about passing judgement. This is about having a clear picture of your best customers. Who are they? What do they look like? What are their values? What makes them laugh? What annoys them?

How can you package your product to fit their values?

For example:





If they are pigs you might rave about the latest fart app. You might have it on your phone. You might review the top ten.



Consider that one of the biggest selling iPhone apps is a fart app. For $0.99 you can make your iPhone make a fart noise. Disgusting to some but shear joy to pigs. If your customers are pigs, they will love the fart app. It's selling over 10,000 downloads a day.

I guess that I'm a prude because I would not want that on my smart phone - and I would never have thought of that as a product.

Read more here:
http://venturebeat.com/2008/12/23/iphone-fart-app-pulls-in-nearly-10000-a-day/

Go ahead - pull my finger.


George Torok

Marketing Expert & Speaker

Do want a powerful branding strategy? Take a controversial position. Offend someone and attract your target market. But you have to pick your position and enemies carefully. Don’t offend your fans or best customers.

Controversy sells newspapers, books, and movies. You can also use controversy to sell your product, service or yourself. Notice how they often do it in the movie business. The entertainment industry has lots of vivid controversy lessons for marketers.

Controversy can be a powerful branding technique. But it comes with a cost. It means that you will need to take a position. You will offend some and strongly attract those who like your position. Are you willing to be so bold?

It could be as simple as the title that sells the movie. Consider the success of “Texas Chain Saw Massacre” or “Snakes on a Plane”. Both of those titles were vivid, graphic and controversial. People either immediately hated or loved the movie when they first heard the title.

At one time in the entertainment world it was enough to title your program as “The Greatest Show on Earth” to grab attention and get people talking. Today you might need to label your show as “The Vagina Monologues” or “Puppetry of the Penis” to get attention and create controversy.

The Guides for Dummies and Idiots series of books generated attention with the controversial titles. They sold very well. The multiplicity of topics tells you that.

The sensitivity of the content could create enough success in a movie. Consider “Passion of the Christ” and “The Da Vinci Code”. There was little need to advertise those movies. The controversy did all the heavy lifting for promotion. The media was talking and bloggers were blogging. Church leaders were preaching. People were protesting and arguing. What a great controversy.

Along came another movie with content guaranteed to raise controversy, “Death of a President”.

To fan the flames the promoters not only published the usual supporting testimonial reviews – but also the comments from the detractors as well. Let’s hear from those who hate us. What delicious controversy. What terrific and profitable promotion.

And to tilt the readers’ perspective of the views they headed the positive views with the title, “Have seen Death of a President”. And on the other side the heading, “Have Not seen Death of a President.”

The controversy is both shaken and stirred by the strength of the negative comments as well as the sources.Here are the negative ‘testimonials” for the movie, Death of a President:

Have Not seen Death of a President

“I think it’s DESPICABLE.”Senator Hillary Rodham Clinton

“I find this SHOCKING. I find this DISTURBING.”Gretchen Esell, Republican Party of Texas“(Director Gabriel)

Range is a SICKO.”Rush Limbaugh

“We’re not commenting because IT DOESN’T DIGNIFY A RESPONSE.”Emily Lawrimore, White House Spokesperson

Powerful words from powerful people. It’s impossible to buy endorsements like that.

Unwittingly those people endorsed the movie by polarizing the controversy. Imagine how many folks would watch the movie because of those powerful negative endorsements.

Controversy sells. Why? Because controversy is one technique for branding. Powerful branding declares both friends and enemies.What people say against you can be powerful promotion.

When you want to create a strong brand in the marketplace first decide on who you want to attract then who you are willing to annoy. This could be the beginning of a strong branding position.

Are you ready to make some passionate friends and enemies? Go ahead, make your brand.


© George Torok helps business owners gain an unfair advantage over the competition. His bestselling book, “Secrets of Power Marketing” is the first guide to personal marketing for the non-marketer. Get your free copy of “50 Power Marketing Tips” at http://www.PowerMarketing.ca To arrange a speech to your conference or team meeting visit http://www.Torok.com To arrange a media interview call 905-335-1997

I'm researching this topic so I welcome your insights.

What is strategic positioning?

How can it drive the business?

How does it make other business decisions easier?

How can it help your marketing and selling?

Offer an example.

Stop Wasting your money on branding and start building profitable relationships


Listen in to my interview on PR 101 Radio as host, Erica Taylor, interviews me on the above topic. If you are wrestling with branding - you better listen. Could save you alot of money and agravation. Listen live and ask your questions.


When?

Live Wednesday Sept 24
12:00 noon - 1:00 pm PDT (California time)
Special Guest - George Torok


What is PR 101 Radio?

PR 101 Radio - Marketing Advice for Small Business is the world’s first live, call-in advice show providing insight into Public Relations, Marketing and Advertising.PR 101 Radio's Mission is to provide small- and medium-sized businesses (those with under 500 employees) and entrepreneurs expert knowledge and education about how to more effectively market their businesses and avoid costly pitfalls along the way.


Where Can I Listen to PR 101 Radio?

PR 101 Radio - Marketing Advice for Small Business airs weekly each Wednesday from 12pm-1pm PST. The program can be heard on:

wsRadio.com
iTunes Radio
Windows Media Player


The show anticipates drawing an initial combined weekly audience of a quarter million. The program is targeted to an educated audience of small- and medium-sized businesses and entrepreneurs.


Who Hosts PR 101 Radio?

PR 101 Radio - Marketing Advice for Small Business is hosted by Erika M. Taylor, CEO/Chief Publicist for the award-winning PR Agency, Three Girls Media & Marketing Inc. Taylor enjoyed an 18-year on-air career in the San Francisco Bay Area before transitioning to the Public Relations industry. She brings a unique insider perspective to working with the press, launching and marketing a business.

-------------

George Torok
Marketing Expert & Author
Canadian Business Speaker

Flick off!

How do you create a powerful viral marketing campaign?

Clearly identify and know your target market.
Really know them – what they do, where they go, how they think, what motivates them, how to grab their attention and how to speak their language. (How much of that do you know about your target market?)

That’s a lot of research and most marketers can’t be bothered and most business owners don’t want to invest the money to do that. But when you do the success of your marketing efforts is almost guaranteed. (Sun Tse, the ancient Chinese philosopher said “All battles are won before they are fought.)

So if your market was teens and 20-somethings, how would you approach them?


Be clear on your message.
You want them to reduce energy usage. You want them to start by turning off lights. Long term you want them to become more environmentally aware and responsible.

Simple message but tough sell.


Be clear on the motivation.
We have ten years before global warming becomes disastrous.

Yeah, yeah, we’ve heard it all before: how can I make a difference?


Create a memorable slogan.
Flick off. Wait a minute. Doesn’t that look and sound a lot like f…. off?

Yes, it does and that is the brilliance in the slogan. Flick off is a harmless yet suggestive phrase that could become a new catch phrase – the secret of viral marketing. Flick off speaks the language of this target group. It is memorable. It is provocative – the best way to be both viral and memorable.

Flick off is powerful branding because it is controversial, and a good brand fans the flames of controversy. Read earlier posts about branding principles and the example of Death Cigarettes.


Pick strategic partners.
So if your market is teens and 20-somethings, who do you think would make great business partners? How about Virgin Mobile, (Sir Richard Branson), Roots and Much Music?

Richard Branson becomes the celebrity spokesperson, Roots sells T shirts emblazoned with the edgy slogan and Much Music TV personalities trumpet the message.

Flick off you say?

Yeah, hard to imagine. But that would be a powerful marketing campaign. Well, it is real and it was launched this week in Canada. Imagine that - a bold new marketing campaign to help our dear planet earth started here in Canada. Only in Canada you say - pity!

Flick off. It’s official. The marketing campaign to save us from Global Warming is alive and well in Canada.

The partners in this program are Virgin Mobile, MuchMusic, Roots, Environmental Defence and the province of Ontario. (My kudos to the provincial government for their willingness to invest in such a bold and controversial program.)


Flick Off Summary
For teens and 20-somethings, Flick off, be more energy-responsible.
For older folks bothered by the language – get real and think about the big picture.
For business owners and marketers - a practical marketing lesson.


Sounds like a win all around. Please flick off.


George Torok
Power Marketing

Brand Management Guffaw

Enjoy this commentary from Jeff Mowatt. This is reprinted, with his permission, from his weekly newsletter – “Influence with Ease 30 Second Training”.

Jeff Mowatt is a specialist in the language of customer service. I often learn better ways of saying things from Jeff’s tips and insights.

Enjoy reading about the Telus flip flop from Jeff Mowat.


Telus' Leadership Lesson in Brand Mismanagement

I find it interesting how word spread so quickly about how Telus, Canada'sseconds largest phone company, decided to be the first wireless provider tooffer to sell downloads of pornographic images and videos. Of course 'Telus' didn't make the decision. It was Telus' leadership that approved it and, astonishingly, defended the position right up until yesterday, when they decided maybe it wasn't such a good idea.

I'll leave it to others to debate the morality of pornography on theInternet. The issue I want to tackle is how 'leadership' in such a large company decided this was a good business decision. Apparently there is a lot of money to be made in this new enterprise. I'm trying to fathom how a phone company that markets to both adults and youth decided that this was the direction to move their brand.

Friends of mine, George Torok and Peter Urs Bender wrote a great book about marketing and branding called, Secrets of Power Marketing in which they point out, "You cannot not market." In other words everything you say and do- or do not do, affects your brand. Somehow the collective leadership at Telus figured their brand wouldn't be affected by this new enterprise - one which no one ever associated with a phone company. Hmm...

I believe the huge amount of negative publicity Telus received about this provides yet another wakeup call to business leaders. Think about how your decisions affect your personal image and your company's reputation. Over the long term your reputation is everything. Of course you have a responsibility to maximize profits for your shareholders. There is however a greater calling than short term profit. As a leader, you are expected to do the right thing. Always. No matter what it costs you.

The leaders at Telus gave a lot of people the impression that they just sold their corporate souls. Frankly, I felt sorry for the employees at Telus who had nothing to do with this ill-conceived management decision. Telus leaders now have the distinction of being Canada's most high profile example of how to mismanage your brand. Let this at least serve as a reminder that everything your company does creates an impression. As a leader making strategic decisions, you'll of course check your sales forecasts and government regulations. Above all that external noise, however, you need to stop and listen to that voice in your gut.

Register for your weekly Influence with Ease newsletter and learn more abut Jeff Mowatt at his website.

Copyright (c) 1992 - 2007 JC Mowatt Seminars. All rights reserved.