The Big Trap for Brands: A Sea of Sameness!

The Big Trap for Brands: A Sea of Sameness
Normal needs a new normalising!
Since there is so much interest, let me start from the bottom line. It is no coincidence that damn near everything that you and me buy or want to buy, seems to have a label ‘ Made in China ‘. Now, that includes airplane wings …as well as caps!
Instant knock offs-with excellence- have become the norm. From shoes to sweaters to computers to restaurants. The quality of damn near everything is terrific. Things that work well are not unusual. Things that don’t work are unusual.
By design or accident, we are afloat, awash, adrift…in a Sea of Sameness. High-quality sameness, but sameness nonethless.
An idea that has legs ..lasts only a few weeks, a few months at best. Then the sequel. And the sequel that follows the sequel. And so on.
Sure heard this before. Herd mentality. We race around. Follow each other’s tails. From Hollywood to Silicon Valley to Madison Avenue to Jamal Abdul Nasar Street.
As Swedish business professors  Kjell Nordstrom and Jonas Ridderstrale brilliantly articulated in their book ‘ Funky Business ‘, ” The surplus society has a surplus of similar companies, employing similar people, with almost similar educational backgrounds..coming up with similar ideas, producing similar things, with similar prices..and similar qualities “. Ouch, that is painful!
The 10X/10X theory on that is that you could be 10 times better. While being ten times less different.
The basic idea that I am echoing here is that ‘ Good Stuff ‘ is commonplace.”



“. It’s no longer exceptional for stuff (anything, everything ) to work. Which means the bar for ” standing out ” has risen dramatically.

In a winner takes all world, Normal = Nothing. So time to stop being goddamn normal.
Dovetailing seamlessly into this line of thought is the Danish marketing phenomenon Jesper Kunde’s articulation ” Companies have defined so much best practice that they are now more or less identical. ” It’s commoditised. Instead, how about ” It’s yet to be practiced “?
In other words, the only way to make a difference is to, well, “ Make a Difference “.
Standing out in a world where most everything works is stupefying difficult. And yet some companies are making a go of it. How I hate the word ‘ normal ‘.
We are in a ” Don’t just sit there economy ” – so, embrace abnormal. Never mind if you are first mover, last mover, first follower or fast follower. Go for it!
ENDS
www.groupisd.com/story
 
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Marketing the new ‘Terms ‘ of endearment

Marketing the New ‘Terms’ of Endearment

Over the years, tried and oft used terms in the world of business and marketing have transcended convention. We seem to be in a perennial state of having to come to terms with these terms. Here is the term sheet on that.

Brand Owners, Advertisers and Marketers were once cosy with ‘ Mass Market ‘. Try and reach the maximum audience numbers through mass media. A lot of the times it was about Spray and Pray. Mass Market transitioned to ‘ Mass Customisation ‘ which went beyond one size fits all to one size fitting some. With the advent of Artificial IntelligenceMachine Learning and Data Science, we are now in an era of the ‘ Customer Segment of One ‘, where one individual as an audience is targeted with high degree of precision and success.

The disclaimers have been turned on its head as well. What used to be common place was a term going as ‘ Caveat Emptor ‘ which essentially was to say buyers beware. The entire onus and risk on buying a product or service was all on the buyer/end user. Now, in an over commoditised world, where we have moved on from push and control to pull and engage, where top down has given way to bottom up marketing, what is evident is ‘ Caveat Venditor ‘, where the accountability and responsibility rests fully on the seller. The wheel has gone a full circle.

Not until long ago, brands and their marketing plans were etched out keeping demographic groups in mind. A pre decided age group with a certain buyer persona was carved out and communication was created to influence and impact that community. The universe has changed dramatically. Brand marketers have now started addressing mindsets which throws conventional wisdom out of the window. As they have now begun to chant, RIP Demographics!

Consumer aspirations have taken a twist as well. Yesteryears we had all marketing and communication created to induce brand ownership. With so much millennial consumption happening, the entire paradigm has now shifted to owning experiences. The new brand mantra for marketers is CeX(Customer Experience) and the City. Ownership is passe, experience is the new aspiration.

Remember those days when the quintessential manna from heaven was ‘ brand loyalty ‘. Coveted, treasured, revered. Loyalty was royalty. In an era of surplus of goods, information, choices, services and a deficit of trust, attention and resources, ‘ customer infidelity ‘ has replaced loyalty. Cheaper, better, faster? Here we shift loyalties!

We were just coming to terms with the ‘ knowledge economy ‘ as it moved on from the  ‘ Industrial Economy ‘and before we knew it we were bang in the middle of the ‘sharing/collaborative economy‘. The dust had hardly settled on that and now the entire attention is rooted on the ‘ attention economy ‘. In an age of perennial distraction, attention is the new premium.

Since advent of marketing, and the quest for differentiation, the narrative has revolved around a USP(Unique Selling Proposition). That feature or benefit which makes your brand distinct or unique from other competitors in the eco system.Then came the not so holy communion onslaught- the SOS- Sea of Sameness. Nothing unique, nothing distinct, the herd mentality, the also ran, the me too. Which prompted our research at ISD Global to discover what we have come to label as UFP- Unique Feelings Proposition– where state of the heart is what brands are appealing to win trust, loyalty, mind and wallet space.

Am sure we will have more to chew on as the intersection of consumer behaviour, rapid evolution of technology and the ever changing socio economic landscape will throw up more perspectives that we have to come to terms with. Till then, au revoir.

ENDS

www.groupisd.com/story

www.brandknewmag.com