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Does your personality influence the colour psychology of your business?

November 14, 2011 by Fiona Humberstone

Colour psychology - coloured orange segments{{}}I’m often asked by clients whether their own personality has any bearing on the colour psychology of their business. My stock, and immediate answer is no, it shouldn’t do.

Colour psychology is about using colour (and texture, shape, type) to support the key brand messages of your business. We’re very analytical about identifying those core attributes and they are what drive our decisions about colour. But it’s not quite as simple as that.

Your personality will probably influence your business

In my experience, the vast majority of entrepreneurs shape their businesses in line with their own values. You may do this consciously or subconsciously, but experience tells me you’ll do it.

This often means that both business and business owner will share certain characteristics and attributes. And I think this is more prevalent, though not exclusively so, in small businesses.

Small businesses don’t always feel comfortable about showing their true “personalities” through their brand. And I think that’s a shame. By being aware of your core brand values and creating a brand identity that supports that, you’ll gain more profitable, loyal clients and differentiate your business from your competitors. It’s certainly a benefit we see time and again with our branding clients at Flourish.

Richard Branson’s values

But I digress. Let’s think big for a moment. Do you suppose Richard Branson eradicated his personality when setting up Virgin? Of course not! It’s his very drive, values and ambition that many of his customers find so utterly compelling. And that message is very aptly supported by the Winter colour palette: exciting, vibrant reds, luxurious and strong black.

So to scale back to small businesses — if small business owners are prepared to embrace the effect their own personality has on their business brand, then the chances are that your business colour psychology personality will be very similar to your own personality.

My experience tells me it’s nigh on impossible to completely eradicate the influence of the business owner on their company, and that leaves a lasting, and positive, impression.

What do you think? Do you accentuate or dampen down your personality within your business?

Fiona Humberstone is an expert contributor to Marketing Donut and managing director of Flourish.

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Marketing has changed - have you?

August 16, 2011 by

We all know business never stops moving. So why are people still using traditional marketing methods to tell the world about their brand?

Why continue with those approaches when there’s another way, a way that gives more results, faster and at less cost, results like:

  • Generating a business lead at 62% lower cost than with outbound marketing
  • Your potential customers finding you instead of you finding them
  • More leads transformed into committed customers
  • A higher profile and more established brand.

The world is changing fast — and the way people buy into brands and businesses is changing even faster.

How has marketing changed?

In the past, businesses would spend a great deal on separate campaigns, almost always including a separate marketing budget that would equal (if not exceed) their other operating costs. However, a new method has emerged more recently: Inbound marketing, using social media as its platform of choice. This method is much more flexible. With social media marketing, the whole company becomes one, with people at all levels working towards the same goal: creating interest, nurturing leads that emerge, and progressing towards a sale. With the enormous added benefit of a drastic reduction in the budget.

The costs involved in traditional marketing are not inconsiderable and can often escalate over the course of one campaign. With inbound marketing and social media, it is far easier to allow for specific budgets. There are few unexpected costs, and the price of any specific campaign can be accurately assessed far earlier in the process, without fear of unexpected increases.

Inbound is the way forward. As with any new approach, there is a learning curve. But inbound marketing is intuitive. As long as you understand the key ideas, the ease and cost effectiveness it provides make it a much more attractive strategy to maximise results on a far smaller budget.

Outbound is dying

Consumers now undertake a great deal of their own research. For many people, using the internet is easier and more convenient, for example, than shopping around in the high street to find the best price for an item. Now a customer can switch on the computer and with a few clicks, find exactly what they want. This is rapidly becoming the norm for everything — from food to high-end electronics and from CDs to pet supplies.

It poses a big problem for businesses operating under the old outbound marketing strategy. Outbound is the marketing idea that most people identify with as advertising. Whether it’s newspaper or magazine adverts, roadside signs or TV adverts. But perhaps the most intrusive tactics are those such as telemarketing, postal, and email marketing — methods that actively reach out to a consumer, whether they like it or not, and require an active choice on the part of the receiver.

People often automatically sift out and reject these forms of marketing, from changing channels on TV to avoid adverts to automatically throwing away junk mail. Instead of building a positive relationship with the customer, these forms of marketing often generate a negative view of that particular company. What’s more, marketing campaigns of this scale cost thousands, and could yield very few results.

People are becoming more adept at filtering out adverts and other forms of outbound marketing.  Yet some businesses are still thriving. There are some brands whose customer base is likely to last regardless, (such as banks and supermarkets), but those who offer specific services or products have found another way of keeping themselves close to their target client base, using a far more effective (and cost-effective) method: inbound marketing, using social media.

We all know business never stops moving. So why are people still using traditional marketing methods to tell the world about their brand?

James Walters is an expert contributor to Marketing Donut and is an Account Director at Inbound Marketing Consultancy, Tomorrow People.

Is traditional marketing dead? Tell us your views and experience below.

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Can Facebook and YouTube become sponsorship platforms?

July 14, 2011 by Jackie Fast

It’s no surprise to learn that brands are trying to monetise the audiences they have built.

Although the majority of social platforms already have built in advertising functionality (such as the Video Targeting Tool powered by Google Ads on YouTube), there are additional opportunities to create new media assets within your content as long as it is not intrusive to the audience experience.

Audience = cash

Sponsorship rights are valuable as they deliver an engaged audience — typically they are niche audiences with a specific set of demographics. The larger the audience and/or the harder they are to reach, the more valuable the sponsorship rights are (and the higher price they can be sold for).

If you build it, they might come

Not all brands or celebrities have the potential to become social media sponsorship platforms. A successful long-term social media strategy would be key in driving sponsorship opportunities. Without an engaging community, there is no audience on which sponsorship rights can be built. Furthermore, making money through social media should not be the primary goal — sustainable sponsorship revenue should be a long-term objective. An audience must first be built, then interacted with, and finally be loyal before introducing sponsors into the mix.

If you sell it, they might leave

The key to integrating sponsorship within social media platforms is to ensure that the messages fit within the context of the user experience you have built. Social media is based on sharing freely available content — plastering logos to your content will only create disengagement, and will eradicate your sponsorship value.

With advertisements already placed on Facebook and YouTube, creating additional branded media assets needs to be relevant.

Sponsored content on Facebook

Facebook pages are an effective way to create a dialogue between your brand and the consumer. Opportunities throughout Facebook could include jointly branded competitions for all users who “Like” your page, which can be posted on the Wall or sent via a direct message from the brand (though you must also bear in mind Facebook’s own rules and regulations for competitions).

Developing a sponsorship campaign that benefits both the brand and the sponsor is a good initiation of sponsored content for users. Hilton Hotels recently partnered with London Irish Rugby fans, using Facebook to run competitions for “money can’t buy” prizes such as lunch with the players.

Sponsored content on YouTube

As branded content already exists on YouTube, introducing more branding may be seen as too overtly commercial. However, there are product placement and screen branding opportunities that can be integrated within the content of your video at the time of filming. Simple messaging at the opening and closing credits can be an easy way to position the association, which can lead into jointly produced videos in the future.

These are just some simple ways in which you can use the audience you have built to create a new revenue stream. The key thing is to remember that your social network is only possible through the audience, so any sponsorship that you choose to integrate needs to add value to the users’ experience in order to be both successful and sustainable.

Jackie Fast is an expert contributor to Marketing Donut and managing director of Slingshot, a specialist sponsorship agency.

You can read more about opportunities for sponsorship in our dedicated section.

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The dark art of writing great website copy

March 02, 2011 by

Magic wandMarketing consultant Helen Hammond explains that attracting customers online starts with talking to potential clients like real people…

I’m going to nail my colours to the mast. If you aren’t prepared to invest in great website copy then you might as well not bother. Yes, the design and functionality of your website are important… but if you don’t consider presenting what people want to hear in a way that works for them, then your beautiful website will be like buying a Ferrari that has a Smart Car engine in it.

I write a lot of website copy and the same problem comes up all the time. Managers are more interested in talking about expertise, services and values than in thinking about what the reader wants to read. Most ‘buyers’ take it as read that a lawyer knows the law, or a car salesroom sells cars. But what they don’t know is whether they like those people, trust them and ‘get’ their organisational culture. Yet, those are the elements on which buying decisions are made. Great website copy triggers these buying decisions rather than just confirming the things the reader already takes for granted.

In the majority of cases, however, I’m asked to embody values put down by the management, not by their consumers, and include trade directory endorsements out of preference to customer testimonials. The real test, however, is when you remove a logo from a website. If you did this, how many companies would you be able to identify from genuinely unique copywriting?

Great web copy talks to real people. Words have the power to put as much personality across as your visual branding does. To get your copy right, start by thinking about what triggers decision-making for your customers and clients. What values do they look for when making buying decisions? Then look online through sites of businesses in your sector for examples that present themselves well.

And, rather than simply checking out similar businesses, take a look at brands such as Tyrells crisps, Innocent Drinks, Bighams, Bensons fruit juice or Graze. They may all be food brands but just look at how they talk to specific types of customer in their own language. These businesses use words to build real trust and loyalty. Importantly, they all have distinctive personalities. Writing great web copy is as much about being brave and confident as it is about delivering information.

Helen Hammond, Elephant Creative Solutions

This post originally appeared on the Law Donut blog

How sponsorship creates a push/pull marketing dynamic

October 21, 2010 by Jackie Fast

Upon opening the many newspapers London provides, you will undoubtedly find at least one article describing how the loss of sponsorship funding is endangering a sports team.

This has created an impression that the sponsorship industry has been dealt a severe blow by the credit crunch. However, while many of these multi-million pound sponsorship deals are drying up, there is a surging interest in B2B sponsorship.

The reason for the surge in sponsorship deals is partly due to a marketing shift in the industry – the push/pull dynamic.

Traditional push media such as TV, billboards, radio, newspapers and magazines offer one-way communication between the brand and the consumer. In the past these have proven effective alone. However, at a time when people are constantly marketed to through more and more channels, traditional push marketing is increasingly falling onto deaf ears.

It is now becoming crucial to engage your audience. Pull marketing is interactive, two-way communication between the brand and the consumer. This is more effective than ever thanks to internet marketing, social media, RSS, blogs, forums and so on.

Of course, combining push and pull marketing is most effective of all. And sponsorship can deliver this.

Aligning your brand with something about which the target audience feels passionate can create goodwill. It is an age-old fact that people tend to favour others who like the same things as they do; this dynamic is no less true when it comes to forming a relationship between brand and audience.  Through sponsorship the target audience can be primed to be receptive to the brand.

In addition, sponsorship can create pull marketing through tangible “touchpoints” for the consumer to interact with your brand. The push marketing creates the awareness and the pull marketing gets the consumer involved.

Social networking sites like Twitter and LinkedIn allow you to engage with each of your consumers on a platform that they are comfortable with. Digital marketing platforms work exceptionally well within a sponsorship programme as your customers are already primed to engage with your brand.

Although sponsorship is not the only way to facilitate this push/pull dynamic, it is certainly one of the easiest which is why we are seeing a surge in these partnerships. If you are relying too much on push media and not achieving the results you are after, it may be time to consider sponsorship as a way to help incorporate this push/pull dynamic with your brand.

 

Jackie Fast is an expert contributor to Marketing Donut and managing director of Slingshot, a specialist sponsorship agency.

Honesty is the best policy

August 31, 2010 by Drayton Bird

In marketing, people often say what they would like to be the truth rather than what it is. It always catches up with them.

It reminds me of something I read in a New York Times obituary in 1984. "Honesty is not only the best policy. It is rare enough nowadays to make you pleasantly conspicuous."

This is not only funny; it is very good advice and came from Charles H. Brower. He was chairman of the advertising agency BBD & O — Batten, Barton, Durstine and Osborn — a name the great W. C. Fields said sounded like a man dragging a heavy trunk down a flight of stairs.

When he took over, the agency was in a mess, and he was the architect of its renewal. Today it is one of the world's three biggest advertising agencies.

 Sometimes telling the truth can get you out of a tricky situation. For example years ago I was writing copy for a slimming product when the law changed, and you had to say in your ads that such products had to be used in conjunction with a calorie-controlled diet.

My client was very worried. Now losing weight didn't sound nearly as simple and easy.

I just revised the ads, putting at the start the following:

"Doctors agree: you can't lose weight without having a calorie-controlled diet."

I believe the ads did just as well or better, because most people don't believe in miracles — and the mention of doctors did no harm.

The principle of accepting and even capitalising on your short-comings is well worth considering. Here's another -—something we wrote for a client about a year ago.

"To be honest, you may find a slightly lower interest rate if you hunt around. That's because the loan industry is in a price war. But will there be a guarantee it will never go up? 6.8%APR is one of the lowest rates around (in fact we are committed to being amongst the very best value providers for every product we offer)."

There are plenty of examples where people don't tell the truth in their marketing. What's more, finding a claim that is true and differentiates you is not easy.

But Waitrose - Quality food, honestly priced — may not seem creative but it is good. 

As is Never knowingly undersold — John Lewis

Drayton Bird is a renowned direct marketing teacher, speaker and author. Find out more about him on his profile. 

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