Category: Marketing

Brand building, content strategy, growth, and campaigns

  • What I’ve learned about Brand Marketing

    Brand marketing is the process by which a name/image/logo/product is associated for commercial purposes.

    This process is fundamentally the same as how we understand new words and are able to bring new words into our vocabulary.

    When we learn new words, we remember them best when there are multiple modalities and existing concepts to which we can ‘anchor’ that word to. The more connections and modalities the richer this web of associations can be and the stronger our memory is for recalling this new word in the future. This association works in both ways – we hear the word and it brings forth the meaning so we understand it, but also we see something and can recall the word to describe it.

    Language learners can use this to learn a new word and retain it:

    1. Hear the word spoken – ideally multiple times from multiple people’s voices and intonations
    2. See visual representations to correlate to that word
    3. Think of a story involving the word
    4. Imagine a smell, feeling or other sensory connection to the word.
    5. Think about memories, experiences, jokes, synonyms, homonyms, concepts or anything else from your mind to associate it with

    The richer the web of connections the more likely you’ll retain understanding of, and recall the new word to use in the future will be.

    The french word for grapefruit is pamplemousse. The hard way to learn this word is to have it on a list of other french words with their translation, you repeat it over and over for days. This is how I learned French in school. Invariably you’ll forget it. Instead, create something richer in your mind:

    1. phonetically it’s similar to pimple moose – imagine a giant pimple on a moose in the shape of a grapefruit for a comical visualization of the word. 
    2. Search google images and look at lots of photos and drawings of pamplemousses.
    3. Use YouGlish to find video clips of people saying the word (https://youglish.com/pronounce/pamplemousse/french?)
    4. Recall the flavor and smell of grapefruit
    5. Perhaps buy one to have, or get a glass of grapefruit juice
    6. Recall memories of grapefruits in your life

    With all these hooks to the word pamplemousse, it’s much more difficult to forget.

    Now think of a brand as a new word and you want to teach this new word to as many people as possible. The difference is that a person learning french actively works to remember that word, but branding is trying to teach a passively engaged consumer most of the time. Giving a dictionary style definition is simply not enough:

    Facebook: A social network platform where people connect with friends and family they know to share and communicate.

    This alone doesn’t fully describe the experience of using Facebook. Telling people what the product or service is just isn’t enough.  There is much more to what Facebook is than just that single sentence. If you base your judgement on a simple statement like that it might get tossed into other associated buckets of things you already know about – just another social network, just a buzzword definition, or just so bland that you already forgot it. We need something richer to engage and remember it.

    In the case of a brand we want to anchor a group of things together to create the web of associations with a purpose. On the design side we create a logo, language, colors, and art style that are a visual unit connected together. You associate emotions and feelings, stories, tastes, smells and sounds into the mix. And it centers around the brand and its product or service so that this new word is given a meaning.

    A brand can either be purposely built or be something more organic. Branding firms will do ground up brand design to choose the elements that come together and represent the brand. Or customers can create their own associations from interacting with the product and service and the brand can be discovered by everyone independently.

    There is no correct approach between those two – except that if the designed branding conflicts with the reality of the product or service you’ll probably end up with customer complaints from not meeting expectations.

    Now, when people talk about Brand Marketing, they usually are referring to a style of ads where the product and sales elements take a backseat to the jokes, action or story. The goal of the ad is to create or reinforce these associations rather than to immediately sell the product.

    The thinking here is that when the person is actually ready to buy, the association is embedded enough that the product is what they recall.  Thirsty? Coke, Thirsty from exercise? Gatorade, smell grease? McDonald’s. 

    The reality is that force-feeding brand associations to people passively is expensive.  It takes many times from learning a new word until you use it naturally; similarly it takes repeated messages to teach people about a brand. It has to be maintained over time or you start to forget. Paying for the media placements to do this broadly is extremely expensive.

    Going after broad concepts cannot be done effectively without also having broad distribution. To anchor an association like Thirst -> Coke the product must be available so that when a person is thirsty they are able to buy it. If on the other hand the stores only have Pepsi, then not only is the ad spend wasted, but Pepsi is now reinforcing their association to thirst with the smell, taste and tactile feel of their product.

    The payback is hard to measure – if it works people will buy weeks or months later. The customer may not even be aware of the influence of the brand into their purchase decision. So there is some trust required that the ads work in order to keep them going long enough to see the results.

    Because of the time and money investment to really solidify the brand in people’s minds these approaches are difficult to translate to small businesses. For branding on smaller companies you’re going to be niching down to smaller communities – maybe this helps. But it’s still difficult to even consider a pure branding play without the cash to wait weeks for any proof.

    Instead, try to do the brand focused elements of marketing on PR pieces, and websites. Be consistent with the use of colors and fonts. Have a name that already elicits the kinds of associations you want to have. These form the basis of a brand. Ensure the product is easy to purchase, and that all interactions have the same cohesive design.

    The Brand and the product have to go together or else the most critical connections won’t be created in the mind.

    A large part of branding for a small business is just applying the design elements with consistency across everything that customers see. This starts to create the richer set of associations we’re hoping for with a brand.

    For the most part, brand marketing is not a game for small businesses to be in. Stay on-brand for social media posts, perhaps use brand marketing style content organically, but save the brand marketing ads until after distribution is fully saturated

  • Da Vinci

    The Science and tech museum hosted an exhibit about Leonardo da Vinci which we went to go see over the weekend.

    One thing for sure is that it made me feel inadequate. He was able to get so much stuff designed and built that it just makes my efforts to be productive look like a snails pace. Designing everything from military weapons to musical instruments, flying machines, and cities. Then still having time to become a master painter. Truly prolific.

    The exhibit left me with more questions than answers. How the hell did Da Vinci accomplish so much. There must be some secrets. It got me curious enough to order a copy of Walter Isaacson’s biography of him to try to find out more.

    One question that entered my mind was: Is it even possible to have another Leonardo Da Vinci today? There is no question that our access to information has improved greatly since his day, but it is also incredibly difficult to have the time dedicate to deep thinking between jobs and abundant distractions.

    What do you think? If someone with the aptitude of Leonardo was born today would they achieve the same astounding historical significance or would they be found in a cubicle somewhere?

  • Selling Lighters

    Back in December a friend and I decided to try our hand at a simple e-commerce business. Drop-shipping lighters from China. We built a brand and website to sell the lighters and created ad campaigns and managed to sell about a dozen lighters in the lead up to Christmas.

    That first dozen sales lead to quite a few important insights.

    1. Drop-shipping is a terrible way to build a sustainable business. It’s so easy to do, that the barriers to entry are low enough for anyone to find and undercut you with ease. Shipping times are unacceptably slow and out of your control. Quality is hard to assess.
    2. People really dislike slow shipping. About 50% of our sales resulted in hands on customer support to calm nerves. Getting abusive and insulting emails is disheartening and not fun.
    3. Running ads on Facebook is subtly difficult. Even with what seems like great margins on the product itself, we found ourselves spending $50 in ads to sell a $30 lighter.

    But in an effort to continue to improve and crack this nut of e-commerce we took a break to assess the situation.

    To fix the problems with drop shipping business model we decided to do a custom product. We designed a lighter and found a manufacturer in China with the molds for a lighter and the ability to mass produce a couple hundred lighters for us. Bulk ordering like this cut our per-unit cost in half, which was a nice bonus.

    A couple months later and I got a couple hundred lighters delivered to my house. This was the second thing to improve on. Shipping from within North America will help to remove the bottleneck at the border and by doing the fulfillment myself I have the option of easily doing pack-ins, and testing shipping options. Solving the shipping issues should alleviate our biggest customer support problem.

    Finally, advertising is critical, and it unfortunately just requires copious amounts of testing and fine tuning to discover the ads that work with landing pages that convert. This will continue to be an avenue to learn more on and continue to do better with. But with several hundred lighters ready to ship sitting on the floor in my office, there is now a definite source of motivation to sell these lighters profitably.

    For those interested in seeing the result of all this, and in keeping with my space themed branding, you can find my Space Lighter at spacelighters.com

  • Personal Brand

    Over the years I have done a lot of things. much of that history is documented on this website, but much more isn’t. Many of my projects and business ideas were purposely separated from my personal site and I didn’t even reference them here or elsewhere. Some of that was to avoid sharing more failures, some was to give things a chance to prove themselves without the influence of family and friends.

    I’m starting to have a change of heart. So I’m revisiting this website and will be slowly turning it into more of a nexus of every project that I’m working on and as a hub for the businesses that I’m launching.

    You may have noticed that I added some links to the top level navigation on this page. The Moon To Stay Podcast is a project I’ve been working on for the last 2 months. Writing and preparing to record a series of podcasts all about the moon. When thinking about this project I originally thought about creating a new website for it – buy the domain name, build a podcast specific site to host the feed, and show notes.

    The more that I thought about it though, the goals of the podcast is really about myself. Gaining confidence with speaking, interviewing, and recording. Showcasing some expertise and interest in the subject, and attempt to have some personal impact on humans in space. Doing a commercial style thing just doesn’t fit with that set of personal goals.

    So I’m putting the podcast on this website.

    The decision got me thinking about some of the other things that I work on that I haven’t really integrated with this personal blog. It’s important to celebrate your successes, and promote the work you do. If nobody knows about all the great things you do, then nobody will every find and use it. Communication of all these things is and important aspect of giving value to the world.

    So one of the tasks I have for myself for the rest of January is to pull in a lot of different things to this website that show off things I am currently working on, and show some of the historical projects that have been done before.

  • No More News

    I have been finding myself increasingly frustrated with the amount of American news that I see as a Canadian. On many topics it seems like I know more about what is happening in another country than in my own. A sad state of affairs. Most of these things are actually meaningless to me personally. Decisions made by American politicians are unlikely to cause me to change anything in my day-to-day, affect my decisions or something that I would have influence on. As a result, everything I know about American politics represents wasted neurons and wasted time.

    American News is a drama. The characters and their emotional conflicts play a staring role keep us hooked like a soap opera. It draws us back in day after day to find out what happens. It stays on our mind through the day, speculating about what will happen next.

    It made me think about all the media I consume. 

    Increasingly I have been withdrawing from all consumption channels. With Facebook, I have disabled all notifications, and log in less than once a month. I stopped using my feed reader and unsubscribed from everything that explicitly was world news related at the beginning of the year. Yesterday, I purged my phone of Reddit, CBC News, and Pinterest. The last of my consumption-only news feeds. Twitter is my only remaining source of outside information – but I’m careful about who I follow.

    Either you control your brain, or your brain controls you. I want to make sure I am consciously in control of my own brain by ensuring that what goes into it aligns with my goals, that I reduce my risk of being influenced by media hype or fear tactics.

    My goals are that I want to be building as much as possible. To focus on creation, I’m limiting the hours spent consuming.

    The consumption that I am trying to do more of is books. The ideas in books have been baked for years before they make it to the printed page. They undergo multiple levels of review and editing before publishing, and they have the length to more fully explore and explain things. Choosing a book to read also aligns with the desire to control what goes into my brain which is very different from the lack of control we get from skimming through clickbait headlines.

    As I have been cutting down on media consumption my phone has become less and less useful. I’m thankful of that, since it gives me more time in the day to be the author of my own future.

  • Alexa vs. Google

    I got in on the pre-orders for the newly announced Google Home Minis

    After playing around with the Amazon Alexa for the last few months I wanted to see what the differences would be.

    It’s clear after just a couple of days with the Google Home in the house that it is MUCH better. Google has done an amazing job with their voice AI.  A query like “tell me a scary story” works, and it additionally will play a spooky audio track behind the voice. It is less repetitive about repeating back things instead of just doing them too which seems a little bit more natural.

    It still seems like early days for this technology, but as it continues to get better I can see it playing a bigger role in how we do things. The biggest hindrance to it seems to be the difficulty in learning and discovering what it can do.

    Google should consider doing paid TV placements or something, otherwise the only way to learn the capabilities of these things is to go out of your way to find things to try.

    For now, I’ve got my smart plugs/lights connected to it, spotify for music and my gmail account for emails, calendars, shopping lists etc.

  • Revisiting Adsense

    I have been writing for my blogs for over 15 years now.  A lot has changed with the internet in that time, and over the years I have investigated many ways to let my websites pay for themselves.

    When Adsense was first announced I jumped on it only to find that it paid almost nothing to publishers like myself.  Just pennies at a time would take years to generate enough given the traffic on my sites for Google to cut me a cheque.  In all the time I had been running ads I think I had only ever received a payment once.

    The dismal returns eventually made me realize that the ads were more detrimental to my readers than they were worth.

    However, recently I have been on a mission to cut my budget for servers and part of that effort is to get my websites to pay their own way or else risk getting shut down.  I started by experimenting with adding Adsense back to one of my blogs and found, to my surprise, that it earns enough to pay for its hosting costs.

    I have extended ads onto this website, so that I pay less out of my own pocket to keep it running.  Hopefully keeping these sites financially sustainable will be mutually beneficial to both me and the readers.

  • Writing a Twitter Stock Trading Bot

    My project for the month is a stock trading bot that will ingest tweets from accounts I consider to be market influencers and do some parsing and sentiment analysis to help create and execute a trade through my broker.

    For years I’ve wanted to build something to do automated trading and this is something that seems simple enough to accomplish in a month.  That makes it a worthy experiment.

    There are several steps to this process:

    1. connect to the twitter stream API and listen to specific user accounts
    2. for each tweet that comes in, parse it for a company name or CEO name
    3. if there is a company or CEO mentioned, find the ticker symbol
    4. run a sentiment analysis on the tweet
    5. look up the current price of the stock
    6. decide on a trade (long/short) and size, limits and stop loss
    7. execute trade through broker

    This project will be open-source for those of you interested in watching the progress or curious to see how it works. Twitter Trading Project

  • Programmatic Models

    Recently I’ve been interested in finding a business investment – something like a B&B that allows me to put some of my retirement savings into a business that I have some control over its success.  The normal process for something like this would be to write a business plan or at least do some back of the envelop estimations for how much revenue is expected from the property.

    The usual tool of choice is a spreadsheet.  And those are excellent ways to work through the numbers and visually see things.  However, the flexibility of a spreadsheet is somewhat limited for even more advanced analysis.

    I wanted to take things to a different level.

    What information could I get from looking at the market and scraping webpages that I could feed into a bigger model to see how other owners of similar businesses do.  By pulling in 1000+ comparables and running them all through a similar model to estimate each of their profitability it becomes possible to identify the traits of a successful business.

    Applying this sort of ‘big data’ analysis is proving interesting.  There is an amazing amount of information freely available on the internet, but much of it exists in different silos.

    In the example of running a B&B, there are lots of them listed on booking.com and similar travel booking sites.  These provide a partial picture of how popular a place is (from it’s availability) and the revenue (from the cost to stay there). Another big piece of the picture is the costs – which you can estimate by checking real-estate listings.  By putting all this information you can see many interesting things.

    If your model is accurate then you can get answers to these questions:

    • What percentage of B&Bs turn a profit each year
    • Is there an optimal size / number of rooms
    • which attributes of the property correlate most to it’s profitability

    You can take a deeper dive into the best performing properties to see if they do something unique – do they have nicer websites / photos? Do they do aggressive advertising? Are they active on social media?  Answers to these questions can help you find the strategies that are working best in the market – and perhaps things that are a waste of time.

    This type of analysis is something I think more people should be doing.  It provides some competitive advantage in terms of the information that you bring with you into a potentially big investment, and reduces the risk that you inadvertently buy a lemon.

     

  • Interstellar

    I love to support movies that I think support positive visions of the future with a constructive, based in reality perspective.  We just purchased Interstellar. which is probably one of the most intriguing movies I’ve watched in a while.

    Based in a post-war future where the climate of Earth is devolving into a dust bowl and food and survival is in crisis. The movie tells the story of the people who transcend humanity into a future where we have control of space and time.  It’s quite amazing that during the development of the movie they actually published a scientific paper based on the accurate simulation a black hole.

    The solid fact based science behind really made a difference for me.

    So much of current TV seems to devolve as good ideas turn into mass audience crap.  Big Bang Theory started out as a smart show where the content of the show featured actual science — current seasons have turned the show into just another sitcom.  “House of Lies” – another favourite show, started as a cool view into the world of management consulting industry, and turned into preposterous sexual drama.  “Mad Men” was interesting when they focused on advertising, but the current season is all boring office politics.  It seems that the good shows have good writers at the start and then trade out for mediocre ones once the shows get established.

    When there is a good quality content tv or movie, I do what I can to support it.  If you haven’t seen Interstellar yet, it’s fantastic and worth watching.