Brand building tips

The Branding Bandwagon14 Feb

Happy Valentine’s day — to all those who celebrate it, and also to those who don’t. Because even if the meaning of Valentine’s day does not play such an important role in your life, I bet you have noticed its existence today. Many, many times.

Source: Flickr image by qthomasbower

Pretty much every brand I follow throughout Schmoozy Fox’s social media channels, has wished me, and the rest of its fans, a happy Valentine’s day. From just a couple messages early this morning, it all turned into a massive wave of red hearts as the day progressed.

Let’s call this festive herd behavior branding bandwagon. The question is: what value does this bring to brands? And what value does it bring to customers?

The bandwagon effect refers to “people doing certain things because other people are doing them, regardless of their own beliefs, which they may ignore or override.” (source: Wikipedia) So, many brands will be posting their messages on Valentine’s day not because they are exploding from love towards their customers, but simply because it’s just something other companies do. And of course, often this may seem like a great idea to sell more products.

But in reality, it’s really difficult to say how much of such commercial corporate messaging gets into the hearts of the target audience. My guess is, probably very little. The bigger the snowfall of pink and red-colored images, the less our brains are likely to single out the message.  And the less chance you have to get your marketing material noticed.

A similar Branding Brandwagon effect occurs during other festive seasons, such as Christmas, Mother’s Day, etc.

My advice to brands is: unless it’s something meaningful to you, and unless your post brings a lot of value to your target audience, just go and celebrate Valentine’s Day with your loved ones, and wait till tomorrow to post your next Facebook status update. This will give you a better chance to get your message across in a more efficient and elegant way.

Brand building tips

The power of brand endorsements06 Dec

Trust builds brands

If some of my readers are into consulting, or any other type of services business, no doubt they are very well aware of the power of recommendations. A former client making a referral about you to a prospect, a powerful recommendation of your skills and achievements on LinkedIn, Klout +K’s that you collect — any of these can signal trust, an essential element for building good brands. Likewise, if you are an author, the praise given to your new book by other authors or famous people is crucial, and can boost the sales of your book.

A copy of The Thank You Economy by Gary Vaynerchuk on my desk

Our brain seems to be wired to perceive endorsements, recommendations and word-of-mouth in a very special way.

 

In particular, before we make a decision to proceed with a high-value project, we seem to give a lot of weight to the recommendations of our trusted friends and partners.

 

Whether it’s a need for a strategy for your business for the next 3 years, or a new house for your family, you need to be able to trust the people who will be delivering this high-involvement, high-value service.

Celebrity endorsements – the glitz and glamor of branding

The dynamics of building trust have been studied in various fields — psychology, marketing, and diplomacy, to name a few. In relation to brand strategy, a subject that has been studied particularly well is celebrity endorsements that are used to support launches of new products, or infuse a new life into existing ones. This technique can infuse your product with an instant dose of glamor and glitz, which, in  its turn, leads to higher sales of the product being endorsed.

Face value

These days, celebrity endorsements are omnipresent. Lana del Rey for H&M, George Clooney for Nespresso, or Jimmy Wales for Maurice Lacroix — it seems that all it takes is to pair up a handsome famous face next to a product in order to make it a market success.

Many companies have used the strategy of celebrity endorsements to build their brands. And I am not only talking about big brands that have enough cash to pay celebrities — even some startups have chosen celebrity endorsements as a sure way to become known and reach for the stars.

But wait a minute. Why would a person whom we don’t actually know, just because of her celebrity status, be able to grow your product sales only by saying that she uses a certain brand of smart phone, car or lipstick? Do customers really experience immediate trust towards a product, supported by a famous person — even if they don’t rationally know that much about the celebrity in question?

Forget the rational

And here’s my advice — when it comes to celebrity endorsements, forget the rational aspects of consumer behavior. Before we continue looking at the dynamics of celebrity endorsements, let’s keep this in mind: ninety-five per cent of our thoughts, emotions, and decisions, including decisions to buy a product endorsed by a celebrity, cannot be referred to as ‘rational’. According to Gerald Zaltman, a marketing professor at Harvard, and author of How Customers Think1, most of our decisions take place without our conscious awareness. So, when your customers are looking at your new ad featuring a famous model or Hollywood superstar carrying the bag that you produce, they don’t start analyzing why they find your ad appealing. Something much more powerful takes place in their subconscious minds, so let’s take a look at how this works, from the point of view of neuroscience.

Celebrity endorsement: Kim Cattrall for Baileys

Famous faces help sell shoes

In a recent study published by Journal of Economic Psychology, Dutch researcher Mirre Stallen2 looked into how products appearing next to faces of famous, vs non-famous, women, activated the brains of respondents. During the experiment, twenty-three young Dutch women were exposed to images of shoes accompanied by faces of celebrities, as well as faces of non-famous women. When the images of shoes were paired with famous faces, the areas of the brain responsible for processing emotional stimuli, were more likely to get activated than in cases when shoes were paired with faces of non-celebrities. Also, the brain activity showed that positive feelings about celebrities were easily transferred onto positive feelings towards the shoes shown to respondents.  The young women who participated in the study said that “they’d be more likely to buy the shoes associated with a celebrity’s face, as long as the shoes were ones they believed the celebrities didn’t already own.”3

Persuasiveness of fame

If celebrity endorsements are not a technique that is relevant to your product, get inspired by the dynamics of this branding strategy anyway. The important point to keep in mind here is that building trust is essential to building strong brands. Find your brand ambassadors, online influencers and trusted business partners, and if you manage to get their appreciation of your work expressed in the public domain — be it your LinkedIn profile, the cover of your upcoming book, or a referral during a networking event — their ‘fame’ and status will propel your brand to success.

Image by Pink Sherbet Photograpy on Flickr

  1. Boston, Harvard Business School Press, 2003 []
  2. Mirre Stallen et al., Celebrities and shoes on the female brain: The neural correlates of product evaluation in the context of fame, Journal of Economic Psychology 31, 2010, 802-811 []
  3. Source: Psychology Today []
Brand building tips

Clearly defined brands influence purchasing decisions03 Dec

A strong brand can benefit your business in many ways. It sets you aside from the competition. It builds customer loyalty. It eliminates search costs for people who look for products, but don’t have enough time to sort through the clutter of product information available, both off and online. (more…)

Brand building tips

Use (any) images to build your brand21 Nov

Images play a powerful role in our decisions to buy many products. Have you ever caught yourself choosing between two magazines on the shelf of your local press shop just on the basis of which has prettier pictures on the cover page? Or paying just a bit more for a package of tea, if it’s pretty, or a bottle of shampoo, if it’s more attractive than the one standing just beside it? I guess the honest answer would be a firm “yes” for most of us. (more…)

Brand building tips

Design thinking vs analytical thinking02 Nov

Image source: Flickr, SOCIALisBETTER’s photostream

 

Funky brands have one thing in common as far as their brand strategy goes — design. (more…)

Brand building tips

The founder of Green & Black’s shares the story of his successful brand launch04 Jul

If you’ve ever launched a new product on the market, you must know that this can be a very daunting task. You’ve created a new product concept, a name, and thought of a pricing and distribution strategy. And now, you need to make sure that your product is actually bought, and that you begin to turn a profit. (more…)

Brand building tips

A good metaphor for good (and bad) branding15 Jun

Maybe you’ve seen this image circulate on Facebook over the past week or so. It was originally posted by the page called English Quotes, and then spread virally amongst many of my Facebook friends. I have no idea who the author of this image is, and if I knew, I would certainly give her a good mention.

 

For me, this image is a visual metaphor for good branding, and bad branding. On the left, you see what good branding should look like: lots of work in the background, laying a strong and healthy foundation, and not always seeing the results right away. Good branding takes time, but when it’s taken care of well, it brings its fruit (or vegetables) when the time is ripe.

 

Bad branding is “fluffy” branding, just like you see on the right. There’s lots of activity taking place on the surface, with no strong, reliable roots that back it up. It’s all about “make up” and appearances, with no long lasting strategy that lies at the core of the business.

 

Make sure that you water your carrots well, then your brand will grow strong and last longer.

Brand building tips

Confused about your brand positioning? Stop advertising05 May

If I asked you what kind of associations you had about Nutella, the sweet and gooey spread, oh so full of calories? (more…)

Brand building tips,Schmoozing

Building Russian brands30 Apr

Last week I participated — as a panel speaker and attendee – in the Global Russia Meeting hosted by the government of Luxembourg. Organized by Horasis, an independent think tank based in Zurich, and dubbed as a “world economic forum for emerging markets” , the event brought together many prominent business and political leaders from Russia, Europe and the United States.

 

Addressed through different panels, discussions about Russia focused on such topics as entrepreneurship, business growth overseas, innovating the Silicon-valley way, and of course, branding. Selected as one of the panelists for the discussion entitled Building Russian Brands, I shared my views on what would make Russian companies successful internationally.

 

RUSSIAN BRANDS GLOBALLY

According to (more…)

Brand building tips

Celebrities help startup brands reach for the stars05 Apr

Image by Pink Sherbet Photograpy on Flickr

Brand endorsements by celebrities has been a recurring theme on this blog. I’ve written about business celebrities endorsing fine Swiss watches, and famous musicians endorsing sports shoes.

 

Pretty much in all of the cases I’ve written about, the pattern has been more or less the same: a famous celebrity endorses a famous brand. But is it common at all for celebrities to endorse emerging products and services, not yet known to large audiences?

 

Believe it or not, it actually happens quite often. Sometimes it’s a carefully planned strategy called co-branding. Startups reach out to celebrities, or bigger, already famous brands, and get their attention as endorsers or business partners. Read more on this in my article 6 things startups should consider when partnering with brands. Or, it can happen (more…)

About Olga

Olga Slavkina is an international brand and marketing strategy expert based in Brussels and managing partner of SCHMOOZY FOX. Originally from Latvia, Olga was educated in the United States, where she was a Fulbright student at The Fletcher School (Tufts University), and Spain. She holds an MBA from IE Business school in Madrid, which holds the No. 1 position in the 2012 Financial Times ranking of European business schools.

Fluent in several European languages, Olga works with companies around the world to help them launch new products and services, reposition existing ones, and make them relevant and meaningful to their customers.

Olga’s expert opinion on branding and marketing has been featured in Financial Times, TechCrunch, Personal Branding Blog and other publications. Olga’s concept of Funky Brands™ has been nominated for the Accenture Innovation Award 2011. Olga tweets as @schmoozyfox.

Get in touch

 

SCHMOOZY FOX is based in Brussels, Belgium and serves customers internationally.

 

Email: olga (at) schmoozyfox (dot) com