Posts Tagged ‘Branding’

Word of Mouth Marketing (WOMM): Let’s give ‘em something to talk about

Thursday, December 8th, 2011

Word of mouth travels fast.Think back to the last time you booked a hotel or wanted to try a new restaurant. Did you ask a friend about places they stayed while traveling or read online reviews about a local hot spot?

Today, people are spreading their opinions about products and services more quickly than ever.  They’re using a larger variety of mediums, reaching a much larger audience and developing trust-filled relationships with other consumers. When making decisions, consumers are looking to others, like themselves, for experiences and opinions. With an increase of technology at our fingertips, word of mouth (WOM) has exploded across the virtual world, greatly extending the reach of consumers’ opinions.

Recognizing that WOM is an increasingly powerful tool, PR and marketing professionals have begun leveraging this natural habit the form: Word of Mouth Marketing (WOMM).

WOMM takes place when a brand or company gives people something to talk about as well as a venue through which they can easily communicate. By introducing a new product or announcing a partnership between with a charity or celebrity, the organization is handing consumers something to buzz about. Some companies also create blogs or forums where people who are interested particularly in their brand can converse.

So how do consumers get wind of these buzz worthy bits? WOMM is often an extension of a PR or marketing effort, such as a news article, blog, commercial or magazine ad. The best WOMM efforts are usually fully-fledged campaigns.

For instance, when Burger King decided they were in need of some extra buzz, they launched the “Whopper freakout” campaign. During this campaign, Burger King discontinued the Whopper, crossing it off all menus, and installed hidden cameras to capture the responses of loyal customers when they came to realize that their beloved burger was no longer available.

This campaign generated discussions, fired up emotions and demonstrated the value that Burger King brings. At first, customers were disappointed and frustrated when their favorite meal was missing, creating a huge amount of buzz. Then, after the hoax was revealed and customers were relieved, even more buzz spread exposing the campaign and welcoming back the beloved Whopper. Quarterly sales saw a huge increase as well (once the Whopper was reintroduced).

WOMM campaigns are usually bold and seemingly outrageous, creating a large amount of Facebook statuses, tweets and hashtags, and face-to-face conversations that include the brand.

So why spend should organizations spend time and money on WOMM? More than 50 percent of purchasing decisions are made based on WOM, making it the strongest influence on a consumer’s decisions. Launching a WOMM campaign is an offbeat way to generate publicity about a brand and shape shoppers’ choices.

George Steinbrenner: A Branding Guru?

Wednesday, July 14th, 2010

George Steinbrenner (L) and Rudy Giuliani

The death of New York Yankees owner George Steinbrenner has given baseball fans reason to pause and contemplate the man’s impact on the sports world.   But the lessons to be learned from this international icon are far more valuable to entrepreneurs who understand the value of marketing and public relations.

Over 37 years of ownership, George Steinbrenner built a brand that was easily recognizable and extremely valuable.

In fact, Forbes magazine (http://www.bloomberg.com/news/2010-07-13/steinbrenner-oversaw-15-900-rise-in-yankee-value-chart-of-day.html) estimated that during George Steinbrenner’s tenure as owner, the value of the New York Yankees increased by about 15,900 percent.

The core of his philosophy was wrapped up in the term “tradition,” which those in the business world recognize as being an organization’s core brand attribute.

According to USA Today (http://content.usatoday.com/topics/quote/Organizations/Companies/Publishers,+Media,+Music/New+York+Times/0c1i03DdWEcpn/01yLcAJ9DvdEy/3) Steinbrenner once said that, “When you put the pinstripes on, you’re not just putting a baseball uniform on, you’re wearing tradition and you’re wearing pride, and you’re going to wear it the right way.”  This approach is one that understands the basic tenet of good PR and marketing: make a promise and then strive to keep it, at every level of the organization.

This philosophy is the ultimate brand builder and grows maximum value within a business.  Everyone who worked for the Yankees understood what the organization stood for, everyday.  Their customers, the general public, clearly understood the club’s core messages because the Yankees pursued their goals with clear intent every year, even when they did not win the World Series.

This is a long-term perspective that is all too often overlooked in the contemporary “microwave society” that demands instant results.  Because it is not a quick fix or as glamorous as a silver bullet that turns around a company, building an image based on consistent adherence to core values is often seen as antiquated.

Sam Walton, founder of Wal-Mart is credited with often saying that people thought he was an overnight success when the truth was they had just “heard of me last night.”  Love or hate the box retail pioneer, the company understood that his success was predicated on making a promise to customers and then keeping it, day after day, year after year.

The bottom line is that successful branding is really business code for building tradition.  On a day when the world considers George Steinbrenner’s legacy, his greatest contribution may actually be the blueprint he laid out to organizations that want to succeed: build and keep traditions that create winners.