intangible value
202 posts
Marketing Inversion
When Amazon.com was still in its infancy, Jeff Bezos, the company’s founder and CEO had this to say; “In the old world, you devoted 30% of your time to building a great service and 70% of your time to shouting about it. In the new world, that inverts.” Shouting brought us Pop Tarts, Alka Seltzer…
Why How Matters
How you design the product changes how it feels to use it. How you train your staff changes how the customer is treated. How you answer an email changes how the recipient responds. How much of yourself you bring to work changes how you perform. In a world where more people understand the impact of…
The Heart Of Customer Loyalty
Despite everything we know about the benefits of fostering customer loyalty, most of our marketing is designed to change what people think or do in the short term. We change the label from white to yellow to get a millisecond more attention. We offer discounts on product lines we want to shift and w
From Insights To Advantages
Chip Wilson discovered that women liked to look great when they exercised and feel comfortable when they didn’t. Lululemon pioneered the activewear trend way back in 1998—a market that is predicted to grow to $178 billion by 2019. Dave Gilboa worked out that we hate feeling ripped off and paying as
The Way We Do Things Matters
My boys are lucky enough to have eaten pasta in Rome, croissants in Paris and hamburgers in New York. Yet, when the conversation turns to food memories, the one they treasure most is eating potatoes next to the Aga in a friend’s kitchen in Scotland. They remember the story of the potatoes freshly du
Quiet Success
Success for my parents, was having a fair day’s work to do, for a fair day’s pay. Success was having money left in your pay packet at the end of the week after the bills were paid. Success was having the wherewithal to take care of your family and contribute to your community—often in ways…
What’s Your Big Idea?
Every great brand leads with one big idea. The big idea is what the brand stands for—it’s core belief. Articulating the big idea is harder than you think, living it every day is even harder than that. The brands that do have a much easier time differentiating themselves from the competition. Here ar
A Question Of Attention
Have you noticed that more email marketers are trying to attract your attention at the weekend? Many weekly digests now hit inboxes outside office hours in the hope of getting traction when people are less busy. As marketers we’re using every trick in the book to capture attention in order to furthe
Brand Storytelling And The Rule Of One
Have you ever wondered why movies like Toy Story are so compelling and successful? The best writers in the world speak to universal human themes—the things that drive every one of us no matter what our worldview is. Compelling storylines work because we see ourselves reflected in the characters. The
Because We Can
It’s a brisk Autumn Monday. The city’s lunchtime trams are busy. As we turn into Collins Street the tram driver begins an unscripted dialogue. He tells us that we’re at “the Paris end” of Collins street in the world’s most liveable city, reminding us that this is “no flash in the pan” because Melbou
The Three Steps To Articulating Value
It’s tempting to begin with product and service descriptions when you are communicating the value your business creates. Of course, it’s easier to start with what we know for sure. We list features, benefits and specifications—telling the customer as much as we can about ‘the what’. And all the whil
Your Story Drives Behaviour
Jackie is a gifted web designer. Her inbox is full of enquiries from people who want to work with her. She loves what she does, but she gets worn down by clients asking for a discount on her already reasonable rates. This behaviour not only affects Jackie’s bottom line and the number of clients she…
Grow Your Business By Watching What People Do
I once walked the length for Bourke Street behind a young man in a hurry heading towards Southern Cross Station. His backpack was slung over one shoulder and a designer shopping bag in the other hand bumped his knee as he walked revealing the Christian Louboutin logo. When we both stopped at the lig
What Do Your Customers Really Want?
There’s an Italian Cafe in our neighbourhood serving good coffee and speciality cakes. It’s jam-packed every single evening—not because people are hungry for cake, but because they are hungry for the feeling of being connected. They seek out the place that makes them feel that way. Howard Schultz re
The Importance Of A Responsive Business Mindset
The beauty salon owner has a limited number of available appointments. Every day she encounters the same problem—zero availability and several last minute cancellations or no-shows. This situation is frustrating and it’s losing her money. She thinks she might solve the problem by implementing a canc
Most Brand Stories
Most brand stories… Start with what the marketer needs to say, not with what the customer wants to hear. Describe product features and benefits, instead of customer problems and desired outcomes. Prioritise conversion above emotional connection. Seek to build brand awareness rather than create brand
The Sustainable Marketing Strategy
The fast food restaurant’s latest advertising campaign announces the return of it’s famous $1 chips. Of course, the lure of the bargain will bring back people who have forgotten that this brand exists. Foot traffic will increase and revenue along with it—for a little while. The local organic store p
Try And Test
If you are anything like many of the entrepreneurs I know and work with you have a bank of ideas waiting to be executed (or discarded). Most of these ideas (good and bad alike) never see the light of day because they are locked up in a notebook, or an app and they haven’t been…
When Rational Sales Strategies Don’t Work
A couple of years ago Mrs Jones spent $12,000 to install a hydronic heating system. She hasn’t had the boiler serviced since. She politely refuses when the guy from the service department calls her to arrange an annual service for just $164. He pushes back a little, explaining about voiding the warr
The Unspoken Problem With Traditional Marketing Campaigns And Product Launches
It’s not unheard of for an entrepreneur or organisation to send 10-20 emails during an online product launch. We all understand that part of the job of our marketing is as McKinsey puts it; “…is to reach consumers at the moments that most influence their decisions.” This is why you have no choice bu
