conferences

Big gifts, big rewards

Today I want to share with you an interesting article on the Neuromarketing blog, Give Big, Get Bigger. The article discusses the subject of reciprocity, and it boils down to the following conclusion: if you want to receive something, give first.

A study by a German researcher Armin Falk showed that the bigger the "gift" sent by charitable foundations to potential donors, the bigger the reward that donors give to charities.

 

"Falk’s study involved mailing 10,000 requests for charitable donations, divided into three groups. One group got just the letter requesting the donation, one group received the letter plus a free postcard and envelope (the “small gift”), and the last got a package containing four postcards and envelopes (the “large gift”)....The small gift boosted donation totals by 17%. The recipients of the large gift, though, were even more generous: they donated 75% more than the no-gift group." (quote by Roger Dooley)

 

Reciprocity is often misunderstood by marketers -- for instance, at conferences, or in direct mail. How many times have you receive "gifts" that you didn't need, for example? Reciprocity in business becomes really powerful only when gifts are chosen thoughtfully and consciously, with the final gift recipient in mind.

 

Try to give meaningful gifts, and see if this can help you build a funky brand.

 

Astonishing product design & funky brands

Back in 2009, I wrote about Alessi and its ability to keep its brand alive through product innovation. While rereading that blog post, as well as looking back at the beginnings of SCHMOOZY FOX's blog, and the content that I've created over time, I feel like reiterating this important for me thought: product innovation and design are very powerful elements of any funky brand.  

Manyt of the funky brands that I've spoken about on this blog are good at design -- be it product design or visual identity. Think of Theo eyewear, Kipling bags,  Biomega bikes or Ice Watch -- product design is an important element of their brand DNA. Or, let's take, for instance, Mad Mimi -- a funky visual identity makes this email marketing service stand out from the crowd in a very refreshing way.

 

Many Funky Brands can be spotted at major events and conferences dedicated to design. I wish I was now at the Milan Design Week, which is celebrating its 50th anniversary this week. Alessi is also present there with its latest designs, check them out here.

Is your brand ready to go online?

Last week, I attended a business development conference in Brussels. Although not exclusively, the majority of the conferences and mini-talks were about e-marketing and online channels in general. The main focus was on tips and tricks of using online tools in order to achieve results. DECIDE WHAT YOU WANT TO ACHIEVE BEFORE GOING ONLINE

What results? This, of course, depends on each individual company, but you'd be amazed to know that only very few companies know what they want to achieve before establishing online presence. Often, they gotta be online just for the sake of it, because it's en vogue, or because hey, all of their competitors are already jumping on the bandwagon of all things web.

FIRST, THINK BUSINESS STRATEGY

Indeed, tapping into social media for brand-building purposes should be for sure on any brand's radar screen these days. But it's how you use it, and how you link it to your overall business strategy, that's important. If you haven't figured out your brand's DNA yet, and have a vague idea of what your customers love (or hate!) your brand for, it's not yet time to engage in high-intensity Twittering! Read my article Why sweet Cheerios went sour on YouTube to learn what can go wrong if you jump into social media too fast.

On many occasions at the afore-mentioned event, several people came to me asking how to use Twitter or Facebook, and were not able to explain why they wanted to do that. One guy gave me a fancy answer, "To show that we know how to do that".  Show to whom? He wasn't so sure.

DEFINITION OF BRAND STRATEGY

Unfortunately, a holistic strategy approach towards online brand building -- the kind that involves thinking through the basics of one's overall business strategy before starting a Facebook fan page -- is still very rare.  In this sense, a smart brand strategy, which is essentially your company's business strategy that focuses on building a strong brand on all levels of your company, from logistics to customer service to web design, can definitely be the way to go.

SOME TIPS BEFORE YOU GO ONLINE

To give you some tips on what should be kept in mind before launching your brand's presence on the web, here is a short presentation that I had prepared for last week's business development conference.   These slides are pretty general, but if applied in the right way to YOUR company, they can create amazing results.