Archive for category Brands

Trust – in cosmetic surgery!

I was interested this morning by a surgeon who managed to get a short slot on the Today Programme to talk about how he believes there should be legislation against the offering of three for two type deals in cosmetic surgery.

I have to admit it’s not a market I pay a lot of attention to, however I’m delighted to hear this fellow speaking out. His position is that the offers destroy trust in what has to be a very trusted profession if it is to thrive.

I fully agree and would suggest that it’s an issue for brands in general. The question of whether or not to discount should be a very hard and long considered one.

The biggest consideration should be whether or not you can afford to do so. While that may sound obvious, I’m not talking about whether you can afford to today, or next week, but whether you can afford to get into a position where you are competing on price, and sustain it, profitably.

I believe that it’s a very dangerous game for any small player.

Then the more important angle here is the more important question of trust.

I believe that trust is a fragile concept. One which takes considerable time to earn, yet can be destroyed in a blink.

The Stella ads of the last decade come to mind here as a whole lot more clever than many thought with their tag lone of reassuringly expensive. Would you go to the eye laser clinic that offered a discount? I suppose some might, but I believe there’s a strange glass floor effect in industries such as these and I firmly believe our surgeon is right, but not through legislation.

Planning on paper, continued.

Truly stretching people’s minds to think beyond the day to day restrictions they consider relevant to their business can be oth uplifting, and dreadfully hard work.

Whether working with creative people or accountants the ratio of those who want to spread their wings and fly, to those who really don’t want to think doesn’t actually change much, though teams that are closer to mathematics definitely seem to be more creative minded. Still, whoever they are I spend some time helping them realise that creating might come more naturally to some of us, but in fact most of us are more than able to generate ideas, the most important thing is to actually want to.

Just writing that reminded me that I used to give my teams copies of the book by James Young on the subject – I’ve made his name into a link to the book on Amazon if you’re interested in buying it. Shocking really, I don’t know where my own copy is now.

The ideas phase is to stretch their imagination – how might that apply to ForEx? Blimey? I haven’t a clue yet, but it’s their job to do the thinking, I’m there to help them get started.

We should get to this stage at the end of the first day, but not too late – say three o’clock, before their enthusiasm starts to wane.

At three I’ll run a short presentation with quotes and photos from the day to recap on what we’ve discussed, then next morning we’ll do a similar recap but with them talking it through with each other.

Next up we refine the ideas until we have three (four at the outside) potential propositions that we’ll work at to determine what pushes us a long way beyond the competition, but that we could actually deliver.

Wow! It all sounds so possible just typing it out like this. Actually running the sessions is a whole lot harder. I’ll be exhausted. I’ll try to do it on a Tuesday and Wednesday then take a long weekend.

Talking ForEx, a lot of planning to do.

I mentioned a few days back that I had a call from our ForEx business leader wanting me to look at doing some propositions work with his team.

I’m thinking onto paper here in order to get a few ideas down. Do bear with me.

I’ll be talking to the business team of ten or so people, they’re the software guys, the salesmen, the help desk and there’s a copywriter. We’ll also have four clients from right across the spectrum. One guy is from a pensions giant and sometimes trades a million dollars in a day, while one describes himself as a hobby trader and is dealing in his own money. Despite that he’s still trading thousands of dollars a couple of times a month – it’s sobering looking at such wealth. The other two are brokers working on behalf of clients.

I need to inspire them to talk about their business, the boundaries they work within, and the potential effects of breaking through those boundaries.

What do they offer that’s any different to anyone else? I have the horrible suspicion that they’ll say it’s a commoditised market and what they do is the same as what the next company does.

Whether they do think that’s the case or not doesn’t really matter as next up we’ll start looking at the business from a customer perspective. This deliberately follows what the business offers as otherwise you’ll try to fit the business offering to the customer, justifying stuff from a customer perspective even when there’s absolutely no customer relevance to a practice.

The clients are vital here, but also I’ll pull in a couple of people to talk about completely different sectors. I have a good friend at Wholefoods Market who will blow these guys away, and I have a used car dealer who customers say they’d prefer to go back to than buy a new car as the experience he delivers is so excellent.

Part of the reason for the customer stage is to consider other markets and what constitutes great to help the guys realise that great is often a long way from what they’re doing.

This is helping me prepare so much better than when I usually just write a few notes on a big sheet of paper. I have to get back to the grind now but I’ll do more of this thinking on paper.

Brilliant McCains ad

Look, I’ll admit up front.

I love adverts.

I don’t necessarily love making them. I think you need a massive reserve of patience that generally eludes me. It sounds so glamorous, being in the film industry, or at least working in it, and you do get treated like a king, but it’s so boring. Standing around (usually standing rather than sitting) for hours, sometimes days, while some ego driven fiend of a director and his art director, minutely adjust the set time and time again, only to finally use something you did early in the morning.

But watching good ads is a joy.

Each should be a complete story in just a few seconds. The absolute longest will be two minutes, though that’s usually reserved for cinema, and most are 30 seconds to a minute. There’ll be a lot of message to portray in that time.

Then another thing I love is chips.

So when I saw the new McCain’s Chip Perfection ad I was over the moon.

It’s Wall-E meets Wallace and Grommet and so close to plagiarism it’s a bit scary, but the end result is a complete joy.

It’s brilliant from the outset, with the farm house being called Good Unlimited, the beating heart of desirability, the whisk of fluffy-ness, and then I particularly love the crispiness test where the chips are clattered by three forks, and when they pass the test the other forks all celebrate.

Well done McCain’s. I bet it cost a fortune, and few will love it quite as much as me.

But do you know what? It is enough to make me at least consider buying oven chips. I just might.

Thinking about the business of advertising and brands

I was discussing branding with a colleague at Gino’s, the coffee shop down the road.

My man, let’s call him Peter, is brand obsessed, as in everything he owns has to have the brand showing, but he buys popular brands of the people, such as, oh I don’t know, Nike most things, a TAG watch, Ran Ban sunglasses, Smirnoff vodka etc.

This is interesting to understand for me. I’d say that I too am brand obsessed in some ways, and yet I don’t like to show off whatever name I’ve bought.

My consideration relates to who gets the most joy from their brands. And I truly don’t know. I love it when someone asks me where I bought something, and that’s recognition enough for me, provided the thing functions as well as I could hope for it to. Peter on the other hand gets his kicks from everyone knowing what he buys, but as a consequence they probably don’t ask him where his stuff is from.

But our conversation was about quality and brands versus price. It’s an age old debate, and one that gets ever more muddied as consultants hammer into business owners the need to create brands and charge more for the security that brand brings their consumers.

Bizarrely there we were, two moderately intelligent guys, openly admitting that we’d pay more for an object where we recognised the brand versus one that we didn’t. Where we differed was that Peter will always seek out what he knows, whereas I have a deep curiosity about anything new I see.

I want to continue this theme as it’s helping my thinking just writing this down. What about very high priced brands that the masses haven’t heard of? The interest here for me is that their very exclusivity depends on that ignorance of the masses. This could cue a discussion on the rise in popularity of Burberry some years back. Suddenly there was such demand that a huge black market was established – but what happened to its core customer base? Were they going to spend a fortune on something that the kids in the estates were wearing (even if the kids had rip offs)?

I raised that discussion in a presentation at a business I’d not long joined some years back. I never did get on with the chief executive, but it wasn’t until I saw his kids that I understood – they were big Burberry fans. All authentic. Cost a fortune to look like something from the council ghetto!