Have you noticed that the world of marketing is changing? A big cliché, yes? Yes, it is, but it is
having a significant impact. And the change is rapid. Traditional media vehicles are losing effectiveness as people communicate in new and different ways. Here we will illustrate learning from the best marketing strategy examples.
If you can dream it, you can do it.
– Walt Disney
Mass audiences are fragmenting into small segments. Developing a point of difference is harder than ever. It takes a lot of creativeness, but it is certainly doable.
Whatever is the case, many organizations, Google among them, find it a very useful way to guide investment and it’s amazingly simple to learn and apply.
70% – Sustaining Innovation
Sustaining innovations are improvements to existing products and services that align well with your organization’s current strategy. While these types of innovations are often derided as “incremental innovations” that pales in comparison to “disruptive” or “radical” innovations, that seem more exciting, they are at the heart of any strong innovation effort.
The truth is that it is sustaining innovations created by the vast majority of value. To understand why to think about Moore’s Law. A new generation of computer chips may not seem that exciting, but the incremental improvements over the past 50 years are what has driven the digital revolution and made many “radical” innovations possible.
Another aspect of sustaining innovations is that they tend to fit in well with current processes and customers, so costs for ramping up production and gaining adoption tend to be far lower. That’s why even when you look at wildly innovative companies like Google and Apple, most of their budgets are focused on improving existing products.
Most of your resources — about 70% — should go toward sustaining innovations.
20% – Exploring Adjacencies
Every business, no matter how successful, eventually declines. You can be the most efficient buggy whip maker in the world and you still won’t make much money, simply because there is not a huge market for buggy whips these days. At some point, every square-peg business meets its round-hole world.
You always want to be exploring adjacent markets and capabilities. Amazon greatly improved its business by exploring product categories other than books and car manufacturers are currently investing billions in electric car technology in order to be able to compete in a post-carbon world.
Unfortunately, adjacent opportunities are far riskier than sustaining innovations. Amazon is doing great with its Echo smart speakers but completely flopped with the Fire smartphone. So you don’t want to bet your future on customers and technologies in which you don’t already have a strong operational presence.
Still, by going into an adjacency you aren’t completely taking a shot in the dark, because these markets and capabilities already exist somewhere, just not in your organization. So you may very well be able to leverage your existing resources to create something significant.
10% – Building A New Paradigm
Over the past 100 years, just about every business IBM has dominated has hit the skids. It was a pioneer in tabulating machines, mainframe computers, personal computers, and installed IT services, just to name a few. Nevertheless, every 20 years or so, each one of these business has been disrupted.
Yet still, IBM remains one of the most valuable companies in the world because it keeps developing new technologies. Today, as its business for installed solutions continues to decline, it’s building completely new businesses based on technologies like artificial intelligence, quantum computing, and neuromorphic chips.
Let’s consider a couple of examples to illustrate.
Guinness marketing strategy shows their creativity
This Guinness marketing campaign demonstrates that Guinness marketing has certainly noticed.
And Guinness marketing has adapted and come up with some cool new marketing ideas. This new ad from Guinness proves that beer commercials can be so much more than guys and bars.
“Empty Chair,” tells the story of a bartender who leaves a pint of Guinness at an empty table every night amongst birthday celebrations and sports team’s victories. No one sits at the table, and the woman shoots a dirty look to anyone she catches eyeing one of the empty chairs.
Without fail, the frosted glass is there each and every night. It’s a powerful image that serves as a sign of hope for the bartender. But we aren’t exactly sure who the beer is for until the very end. Everything comes together when a soldier finally returns home to claim his Guinness.
The spot finishes with the tagline “The choices we make reveal the true nature of our character.”
Guinness’s marketing story based on emotion has flipped traditional beer advertising on its head by getting rid of the template and telling a story – a real emotional story – that connects with people. The responses were overwhelmingly positive … customers and particularly the target customers are looking for meaningful stories. The emotion in this marketing strategy certainly is addressing this end state in our opinion.
This Guinness “Empty Chair” commercial salutes the character of a community as they honor one of their own who is out of sight, but not out of mind. They remind us that a true test of character is what you do when no one’s looking.
The choices we make reveal the true nature of our character. Guinness proudly raises a glass to those who are #MadeOfMore.
Guinness has made the message as clean and simple as possible. You cannot overachieve on the simplicity of the message. A message that the reader will quickly grasp and fully appreciate. Keep in mind that pictures are far more valuable than words. Guinness certainly gets it and tells an interesting story as it weaves the message together.
Many business leaders are uncertain about the future. What will great marketing look like in the years ahead? Guinness’ spot shows the way.
Marketing works in many ways.
First, it breaks through the clutter. It is visually arresting, surprising and beautiful. After watching it once, I wanted to watch it again. There are no better means of influence or the power of persuasion than emotion. Hands down the best, in our opinion. And enhanced with a great dose of curiosity.
Experiences that trigger our emotions are saved and consolidated in lasting memory because the emotions generated by the experiences signal our brains that the experiences are important to remember.
Second, it has solid branding; it is clear that this is for Guinness and the brand’s personality.
Third, it communicates a benefit. The entire spot revolves around the Guinness commitment to people. It is very clear that Guinness has something special and remarkable that they want to share.
The ad has generated an astonishing amount of buzz and attention. It is engaging, well branded and focused.
The ad was serious and emotional. It is like they left a note that says:
… there will be a seat left open, a light left on, a favorite dinner waiting, a warm bed made…because in your home, in our hearts; you’ve been missed. You’ve been needed, you’ve been cried for, prayed for. You are the reason we push on.
It touches deep emotions about loss and longing. And the spot worked to build the brand; it made people feel proud of Guinness and its values.
Example takeaways
Stories and emotion are the future of great marketing strategy, aren’t they?
12 Lessons from Ben and Jerrys Marketing Strategy
Ben and Jerry’s marketing is changing the game of social.
What are your favorite brands? Which ones do you follow closely and learn the most from? When choosing to learn from other marketing successes, it is always helpful to choose great brands to follow. We follow Ben and Jerry’s marketing strategies because of their creativeness and unique approach to customer focus.
Meet Ben and Jerry’s. They have been successfully executing their social marketing strategy and plan since the first days of social media and social commerce. For over 20 years their strategies have played a significant role in their growth.
An introduction to Ben and Jerry’s is unnecessary, isn’t it?
With more than 600 retail locations in 34 countries, the ice cream scoop shop is the picture of success.
Ben and Jerry’s rode the baby boomer trend in the late 1980s, the swelling ranks of mid-age professionals that created the need where people could share and enjoy a unique ice cream dessert with friends and colleagues, away from work and home.
In our opinion, the company has changed the way companies market themselves to customers. Here is how we feel they have been so successful:
Marketing strategy examples … market segmentation
The company has stayed with the upper-scale of the ice cream market, competing on product quality rather than convenience or price, which are the case with its closest competitors. They target customers with high-end ice cream tastes and unique flavors.
Marketing strategy examples list … execution
The company continues to focus on its original product bundle that includes great ice cream, unique flavors, quality service, and a nice environment to hang around. They keep their focus on paying attention to the details of great execution and service.
Social Media
One of the earliest adopters of the use of social media for marketing and social commerce, Ben and Jerry’s has certainly taken a leadership position in social engagement. Their social media strategy is built on its company website and six additional social platforms, including Twitter, Facebook, Pinterest, G+, Instagram, and YouTube.
Basic marketing strategies … adaptation and innovation
Ben and Jerry’s have clearly embraced the social realm. With a strong presence on multiple social networks, the brand has set a high bar when it comes to being social and engaging its customers. They are at or near the top of nearly every major brand ranking in social commerce.
Ben and Jerry’s ability to wear so many hats on corporate success, “local” favorite, and Internet sensation warrants close examination.
What makes this company so good at being social and executing a great marketing strategy? And what can it teach us? Here are our thoughts on these questions:
Customer collaboration
Collaboration with customers is used to obtain customer ideas on new flavors. Fans inspired the best-selling Cherry Garcia, Chunky Monkey, and Chocolate Chip Cookie Dough flavors.
Customer relationships
Instead of solely focusing efforts on accumulating new customers, it cultivates its current relationships. This ensures more fans/followers in the long run, as well as the continued existence of brand advocates. This holds true across the board: in-store experiences are highly valued, along with online engagement, emphasizing the importance of customer service.
Interactive customer engagement
Engagement is a high priority for the brand, and they continually look for new ways to collect inputs from customers. A good current example is their ‘Scoop Truck’, which travels around the country giving out free samples of new products and soliciting customer inputs.
They believe in letting customer engagement and conversation occur as naturally as possible. They listen carefully, observe, and apply new ideas from what they learn.
Encourage sharing
Happy customers are eager to share good experiences and offers. For example, frequent promotions garner an extraordinary amount of engagement on social media through comments, “likes,” and shares.
Social mission focus
Ben and Jerry’s brand has always chosen a social mission … to stand for and stand behind. One great example of an issue they got behind was supporting the push to get corporate dollars out of politics … www.getthedoughout.org.
Experience customization
Ben and Jerry’s provides its unique experience through programs such as personalized ice cream flavors and localized store experiences. Their social sites, in particular, Pinterest and Instagram, encourage users to share their Ben and Jerry’s moments’ which are shared on all their social sites.