I am Canadian

When you read the title of this post what came to mind? Perhaps it’s Joe, the passionate Canadian face of Molson’s “I am Canadian” campaign, or maybe it’s just a can of Molson beer. Either way, well done Molson, well done.

The American Marketing Association (AMA) defines a brand as a “name, term, sign, symbol or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of other sellers.” In other words, your brand is the amount of real estate you own in your consumers’ minds, and branding is about getting your prospective customers to see you as the only solution to their problem.

Branding goes way beyond a logo or colour scheme. When you think about your brand, you should think about the entire customer experience. Ask yourself, what does your logo look like? Your website? How do you answer the phone? How engaging is your social media? How does your staff treat your customers?

In order to become the industry go-to (like Coca-Cola for pop, Apple for consumer gadgets, and Molson for beer) your company must be aware of your brand personality and understand the needs and wants of your audience. A good brand isn’t an overnight success, but rather the result of a thoughtful and strategic plan.

Look at Canada’s brand: in light of the recent Ottawa shootings, our country Canada has stayed true to our brand values. Canadians have managed to remain calm, polite, dynamic, positive, and strong. We have not slandered other cultures and burned bridges. Instead, we have stayed true to what our country stands for – which is Canadians helping Canadians.

As a result, Canadian citizens have come together as a community providing support and protection to other Canadians. We even created our own empowering hashtag – #CanadaStrong to keep the national conversation going. That’s pretty Canadian, eh?

Watch Justin Trudeau be really Canadian, it’s awesome: http://www.upworthy.com/when-someone-attacks-canada-they-dont-respond-with-irrational-fear-they-do-this-instead?c=ufb1

Successful branding will familiarize people with your company, set you apart from the competition, produce referrals, set expectations, connect you with your customers, give your business value, and tell people who you are. Your brand is really just a promise to your customer and how your customer perceives you.

Do you think your company has a brand personality? Could you or any of your colleagues recite your brand values? How important do you think company branding is to your customers? I look forward to hearing your thoughts and insights in the comment section below.

Looking In with Marketing Analysis

With the last of the fall leaves falling from our trees, this last quarter is one of the best times to review your marketing plan with a tried and true business tool, the SWOT analysis. But let’s focus on a marketing SWOT, which is a great way to review your marketing strengths, weaknesses, opportunities and threats. It provides insights that can guide you in revisiting your marketing strategy, giving your company a stronger edge in the marketplace.

I have outlined below a few tips on conducting a marketing SWOT analysis, which will enable you to quickly see any missing gaps and revise your resources or plan as needed.

How do I get started with a Marketing SWOT?

Outline or summarize what you have planned for your organization: strategic direction, target audience, what you are known for, sales figures, internal and external resources, and a marketing budget breakdown including web, campaigns, online and media spends.

Strengths:

Here you should make note of significant advertising spends that you may have that your competitors do not, brand name recognition, and a proven, loyal customer base. Also consider your proven brand value as it relates to your customer (engagement of your audience).

Weaknesses:

A company could suffer because it has poor brand recognition or customers regard the company’s products or services as unreliable or overpriced. Weaknesses are important in a SWOT because they suggest how best to position a company against a rival that is stronger overall.

Opportunities:

Here you should illustrate any move your company could make to enhance its position. You might want to list extensive cash resources and financing as a chance for your company to quickly grow market share by spending more money on advertising and promotion. You could also consider any recent expansions or new services/products that could provide a strong future opportunity.

Threats:

These are similar to weaknesses, but show how your company is vulnerable to developments in the marketplace. For example, an established company that has always relied on traditional advertising in its marketing could face threats from new, entrepreneurial companies determined to build market share through social networking.

Once completed, you can review your current strategy against the SWOT and see if there are any gaps that you can address. You can also use the SWOT to help determine how best to use the company’s marketing budget given other factors in the marketplace and the competitive landscape.

Have you ever heard of a marketing SWOT? If so, when was the last time you conducted a one? How did it help you strengthen your marketing strategy? If not, do you see the value in doing a marketing SWOT for your company? I look forward to hearing your stories in the comments below.

Case Study: Scotiabank’s Social Media Strategy

CMOs and business owners are always asking to validate not only the effectiveness of social media, but also the necessity of having a social media strategy. This week I wanted to highlight an unlikely social media channel and how it has been able to target and grow its engagement amongst its key audience.

Enter Scotiabank. Its recent success with their social media strategy using Instagram has helped them specifically target university-aged students 18-24, an audience often touted as the most difficult demographic to engage.

Instagram is often thought of as the photosharing app used for family and friends only, but things are changing for business applications as Instagram now boasts 15 times more engagement than Facebook, Twitter or Google+. What was once a simple photosharing app is now being used as a key sales channel.

In the world of social media, Instagram is relatively new and as an emerging channel, it enjoys the same cache with younger Canadians that Facebook enjoyed several years ago.

With this in mind, Scotiabank, in a strategic yet bold move, launched its Instagram channel in 2013 and has garnered 897 followers to date and is still growing. The channel is unique in that is allows for the ability to tailor content to any kind of youth-oriented theme.

The decision to use this channel was based on the need to use a relevant and extremely flexible platform to reach their target audience. Scotiabank feels their decision really gives them a lot of opportunity in terms of their messaging and making their brand unique by being on the forefront of providing content in a medium that is relevant to them.

The ultimate flexibility of this channel allowed Scotiabank’s Instagram channel “Scotia_gram”, to introduce a series of “life hacks” for students headed back to school. They included tips such as storing necklaces in straws to avoid tangling, and using an old cardboard box to create a shirt folder.

As a result, “likes” for Scotia_gram’s posts have increased just over 99%, and comments have jumped 22.3% since the “life hacks” were first introduced. The account has also gained just under 300 new followers in the same period.

This case study is a great example of how sometimes we need to think a little bit “outside the box” in terms of choosing channels to deliver our strategy to specifically target our audience.

After reading this case study would you consider using Instagram for your business, and if so, how? Do you feel Scotiabank is on to something here, or would another social media channel have been equally successful for their strategy?

A Strategy for a Blog? Really?

Business owners ask me all the time whether they should have a business blog. My answer is always the same, let’s explore why.

Starting a blog is serious business that requires a huge time commitment, particularly if you are writing it yourself, so unless it is spelled out in your marketing strategy, you’ll need to create a separate blog strategy to determine its purpose and destiny before you start writing. In some industries you are only as good as your last blog entry, so make sure you can “commit” to this long term marketing tool.

I understand that many may feel a strategy for a blog is a bit “over the top”, but in fact by writing down your plan, you are more likely to commit to it, but also to see its value in the growth of your brand.

With over five years of experience writing various blog strategies for my clients, I have outlined a few key tips to consider when creating a strategy for your blog:

1. Create a goal for your blog.

In other words, why do you want to have a blog? Is it to position you or your brand within an industry? Is it to provide guidance to your audience, or insights into industry trends? Or is it simply to provide tips to show your knowledge. Make sure you are very clear about the “why”, as it will help you determine the outcomes and direction of your blog strategy.

2. Decide who your audience is going to be.

Who do you want to engage with and speak to with your blog? Are you trying to target C-level individuals, front line staff, or middle management? The more narrowly you define your target audience, the easier it will be to identify those people, cater to their needs with your content, and reach them with your messages. This audience should tie in to your key audience for your brand, so look to your marketing or branding strategy to help you determine audience.

3. Content is still king.

Your primary and ongoing goal should be to continuously develop innovative content and put a truly unique spin on whatever topic you’re blogging about. Make sure your blog highlights your unique knowledge, voice and personality. Having a unique voice is one of the easiest ways to set it apart from your competition. Try to incorporate proprietary information, facts or research. The more unique and innovative your content and the better you target your audience, the easier it will be to build a following.

4. Create an editorial schedule, and stick to it.

To build and maintain a steady audience, you’ll need to commit to a regular schedule for your blog. It has to be frequent enough that your audience expects it yet is not overwhelmed by it, so knowing your audiences tolerance is key here. Make sure you don’t over promise and under deliver as your audience could simply move on.

5. Track and measure your success.

Most blog sites have great analytics, so make sure that you are tracking which blogs are giving you the best engagement and maybe consider creating a few blogs on a similar topic, or a series on the same topic. Always try to give your audience what they want and one way of ensuring this is tracking your analytics.

Do you have a business blog? What is your blog doing or NOT doing for you that you wish it would? Have you ever considered writing a blog strategy? I look forward to your comments and discussion.