Power and influence on the web Archives - Schaefer Marketing Solutions: We Help Businesses {grow} Rise Above the Noise. Wed, 04 Dec 2024 15:06:37 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 112917138 In defense of Jaguar (I think I’m the only one) https://businessesgrow.com/2024/12/02/jaguar/ https://businessesgrow.com/2024/12/02/jaguar/#respond Mon, 02 Dec 2024 13:00:25 +0000 https://businessesgrow.com/?p=62958 Jaguar is the marketing world's target of ridicule but this post explains why the innovative automotive company is on the right path. In fact, it is on the only and inevitable path.

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jaguar copy nothing

Jaguar has been an easy target for critics after the company re-branded itself with a foppish, silly ad and a strange new logo. However, I am not one of those critics. Today, I’ll explain why I’m the only marketer on earth defending the Jaguar strategy. In fact, they are on the only reasonable path for the brand.

Let me be clear that at this point, I am separating the ad/logo from the strategy. In fact, I hate the ad, which seems like an AI fever dream of what “creative” is supposed to be:

I also abhor the logo re-design because Jaguar had one of the coolest logos on the planet and they ruined it.

jaguar

Why am I pro-Jaguar? Because I think the strategy is brilliant, even if the execution (so far) seems disastrous.

Why Jaguar needs a new strategy

Beyond the disdain of the brand creative, there are three main criticisms of the Jag re-brand:

  1. Ignores a legacy of “Britishness” and performance / luxury
  2. The ads didn’t feature a car
  3. Targeting a creative customer base seems like nonsense.

Let’s break down each criticism:

1. Ignores a legacy of “Britishness” and performance/luxury

I would probably be considered a potential Jag customer. I have owned a luxury car for decades, primarily Audi or BMW. But I have never considered a Jag. In fact, I’ve never known a person in my life who has owned a Jaguar, which, in hindsight, seems remarkable.

100 percent human contentJaguar is not even in the top 10 of luxury car brands. In terms of market strength, it is a has-been, an unprofitable, forgotten also-ran. When was the last time anyone said, “Man, I can’t wait to get my hands on that new Jag!” Right. Probably somewhere between bell-bottoms and Beta video tapes.

In addition to style, research shows there are two big considerations when deciding among luxury cars: performance and maintenance costs.

How does Jaguar stack up? Automotive engineering is dominated by Germany, Japan, Italy, and America these days. To most, Jaguar means frequent break-downs and high maintenance costs. Am I rolling old tapes? Maybe. But that is the brand’s image and it would cost a lot to change people’s minds about that. Is the classic image of James Bond driving a British car relevant for young buyers today? Is it worth holding on to? Do you really want a mercurial British car as your first choice in a luxury car?

I put Jag in the same category as another recent brand rebel — Nutter Butter. Nutter Butter is Jaguar’s brand chaos soul mate — an also-ran in the cookie business with no strong brand meaning. Creating bizarre, unsettling TikTok videos upends cookie marketing tradition and any brand heritage. But who cares? Nobody was talking about Nutter Butter, and now they are.

Could Oreo go down this road? No. They’re the leading brand and have spent millions to develop “meaning” with its customers. BMW can’t suddenly start acting like a TikTok influencer on a sugar rush. Mercedes can’t go full re-brand gonzo. They’ve got too much to lose.

But Jag isn’t a leading brand. It’s a losing brand. So why not shake it up in a bold and conversational way? The content of the advertisement is a red herring. We’re looking at Jaguar for the first time in decades.

2. The ad didn’t feature cars

One of my favorite ad campaigns in recent years never featured a product. Never even mentions it.

A Chick-fil-A employee sits on a red couch with a customer and talks about how the employee met a special customer need. For example, an employee learned sign language to serve a customer who was deaf. Another bonded with a child who had a heart transplant.

What does this have to do with chicken sandwiches?

Brand marketing is about creating an emotional expectation between you and your customers.

To illustrate this in my speeches, I’ll ask the audience to shout out what they think of when I say “Coca-Cola.” Without exception, they say “polar bears.” There was the one time when a guy in the front row said “sadness,” but that’s a story for another day.

My point is that Coke has spent billions to move your mind away from brown sugar water to playful, happy Christmas bears. Coke is a feeling. 

Chick-fil-A has its critics, but it is more than fast food to its raving customers. It’s a warm and happy feeling reinforced by food-less commercials.

So I don’t dismiss the Jaguar ads just because they are car-free. Will you buy a luxury car for its engine dimensions and gas mileage or because it actually means something to you? Jaguar’s brand meaning before last weak was as thin as Earl Grey Tea.

Finally, let’s address the target market strategy, which is aimed at …

3. Designers and Creatives

Years ago, I worked on an influencer marketing project with a luxury automotive brand. The company was introducing a stylish new car and wanted to host events nationwide for social media titans.

But I found that every car company was going after the same small group of luxury car influencers. It was nearly impossible to get their attention. So I started researching adjacent demographic markets. What other categories of people talk a lot about cars?

I discovered two groups obsessed with cars: technology geeks and creative directors. That makes sense, right? Cars are about tech and style.

Tesla has probably cornered the market for techno geeks. But what car brand has a special and unique appeal to creatives? There isn’t one. I think Jag studied the market data long and hard and saw a seam they could own. Brilliant. Early feedback shows creatives applauding the brand.

And by the way, the “copy nothing” appeal to creatives is a direct line to the Jaguar brand heritage.

The holistic strategy

jaguar prototype

Jaguar prototype

An ad is not a strategy. A logo is not a strategy. So what else do we know about the re-brand?

  • Jag has built a radical new electric car that will sell for roughly double the price of current Jaguar vehicles. The car is expected to debut soon at the Miami Art Show. In an interview with Automotive News, Jaguar Land Rover CEO Adrian Mardell said the still-secret Jaguar GT will make people “salivate” when they see its styling.
  • They are targeting young, wealthy, design-minded people. After the internet / AI boom, there are a lot of young millionaires out there wanting to make their own statement.
  • The new all-EV Jaguar cars will be positioned as “exuberant,” “modernist,” “compelling,” and all about “fearless creative.” The strategy is spearheaded by an experienced and respected auto brand marketer, Gerry McGovern. So this re-brand is not the whimsical idea from some GenZ agency. There is data and insight behind the strategy. By the way, McGovern already turned the Range Rover brand around. So I am willing to give him a pass on the ad fumble.
  • The company is overhauling its dealership network which will also feature high-end art and cusine. That is a BOLD reinvention of the auto dealership.

Jag is re-imagining the whole automotive experience through the lens of the creative class. It’s ludicrous to judge the entire strategy based on one ad.

Let’s give it time.

I just finished writing a book about disruptive marketing (“Audacious: How Humans Win in an AI Marketing World” available in February 2025). I see the underlying logic of what Jaguar is trying to do. Jag might be a competent brand. But competent doesn’t cut it. Competent = commodity. Competent doesn’t create conversations. My book explains how the world’s best creatives are breaking through the noise by disrupting the:

  • Narrative
  • Medium, where the story is told
  • Who is telling the story

From what we know about the brand’s holistic strategy, Jag is completely upending the luxury car narrative. This is exactly what they need to do. 

The risk? There is none. You can’t kill what’s already dead. The only risk is continuing to be forgettable.

They’re in that sweet spot where “nothing to lose” meets “everything to gain.” They’re in the perfect position to pull a Nutter Butter — to be so outrageous, so unexpected, that people can’t help but notice.

The new car is supposed to be introduced in a few weeks. If it’s as sleek and cool as it is rumored to be, if the dealerships become something more than a place where people hate to shop, if Jaguar creates a story that truly connects with a creative class longing to be understood … Jag will be newly relevant.

Perhaps it’s already on the way. After all, when was the last time we spent this much time talking about Jaguar?

Exactly.

Update: Jaguar has now introduced the car. The first look:

Here is the introduction video:

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy Jaguar

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The Parasite Economy: An Upside for Creators https://businessesgrow.com/2024/10/14/parasite-economy/ https://businessesgrow.com/2024/10/14/parasite-economy/#comments Mon, 14 Oct 2024 12:00:51 +0000 https://businessesgrow.com/?p=62510 Ted Gioia sounded the alarm about a parasite economy where creators do the work and media companies make the money. But there is a more positive side to the economics of the digital economy.

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parasite economy

Today, I’ll explain the Parasite Economy and why it is destroying businesses but opening up new opportunities for creators.

For many years, I’ve subscribed to Ted Gioia’s newsletter, “The Honest Broker.” It’s hard to describe this newsletter. Ted is a music critic and historian whose musings tend to wander all over the cultural landscape. But he has a knack for consistently connecting the dots in insightful ways, and I almost always learn something from his posts.

In an article titled “Are We Now Living in a Parasite Culture?” Ted makes an observation that is profound in its simplicity and wisdom. It goes like this:

“Nowadays, parasite businesses are the largest corporations in the world. Their technologies do many harmful things, but lately they have focused on serving up fake culture, leeching off the creativity of real human artists.

“Just take a look at the dominant digital platforms—and consider how little they actually create. But the amount of leeching they do is really quite stunning, especially when compared with the dominant businesses of the past.

  • What does Facebook really create? Almost nothing. It relies on 3 billion users to create content (ugh!—their word, not mine), and then monetizes these people and their unpaid labor.
  • What does Google really create? Almost nothing. Just look at how it destroys newspapers, while doing zero journalism itself. The comparison with a parasite could hardly be more apt. It feeds off the news, but never adds to it.
  • What does Spotify really create? Almost nothing. The folks at Spotify don’t worry about their lousy app, because they’re so busy sucking blood from the creative economy, to which they contribute not one whit. Meanwhile, their CEO is now richer than any musician in the history of the world.
  • What does TikTok really create? Almost nothing. This company relies on one million creators—none of them are employees. Most of them are working for hopes and dreams. TikTok is run like a Hollywood studio, but without cast, crew, directors, scriptwriters, or any creative talent whatsoever. But that hardly matters when you’re just a parasite living off unwitting hosts.

“Consider the case of the woman who attracted 713,000 TikTok followers and generated 11 million views for her videos—and got paid $1.85 over the course of five months. No that’s not $1.85 million—it’s one buck and eighty-five pennies. You can practically hear the lifeblood getting sucked out of the creator economy.”

Ted’s post continues, and he concludes by saying, “For the first time in history, the Forbes list of billionaires is filled with individuals who got rich via parasitical business strategies—creating almost nothing, but gorging themselves on the creativity of others.”

As usual, Ted made me think long and hard. I agree with him, but there is another side of this coin. In fact, the Parasite Economy is the best thing that ever happened to me in my professional life. And it can be for you, too. Today I’ll explain why.

The Parasite Economy’s Poster Child

On the surface, I am the poster child for “Victims of the Parasite Economy.”

100 percent human contentI’ve probably added 20 million words to the social web through my blog and podcast alone. Google and its algorithm brotherhood crawl the internet like bugs, chewing my content like termites and then hurling it back out as an indistinguishable paste. The molecular material of my precious content is within everything now—no attribution, no money, no customers.

The years of effort behind this content are now part of the immortal glue that holds AI together. How have I been compensated for my significant content contribution? Nothing at all. I’ve never received one penny from Google, social media sites, or an AI company.

And yet, after 15 years of blogging and 12 years on the podcast, I keep churning out more. In fact, I think I’m doing my best work ever, giving away my most valuable ideas and insights every week.

Through Ted’s view, I should be incensed. But I’m grateful. Here’s why.

The Benefits of the Parasite Economy

While it’s true that I’m not making money from my content, I’ve made millions of dollars over the course of my creator career because I built an audience. You can’t have an audience without awareness, and you can’t have awareness without giving away valuable content.

I can see why Ted or any creative would feel abused because their content is consumed, loved, and shared without compensation. The key to surviving in the creator economy is not counting on your content for revenue. Those days are gone. So go ahead and grieve that reality, but get over it and look for other profitable ways to serve your audience.

I have 24 revenue streams. The most important ones are:

Until last year, I would have had marketing strategy consulting on the list — this was number one for many years. But I’ve been turning down these opportunities due to the wear and tear of travel.

My point is that, purely based on the awareness provided by the Parasite Economy, I’ve reinvented myself in a way that has allowed me to move away from the 9-5 corporate job.

The economics of our world today

I’ve never received a dime from Google or Facebook, but I’ve also never paid them (or anyone) a dime in advertising. So, at least for me, it’s been a fair trade-off.

Likewise, even a media company like The New York Times has been able to reinvent itself by diversifying into new media properties like podcasts, events, books, and speaking (they are building personal brands for their best reporters).

I am NOT dismissing the galaxy of negatives about internet parasites, including many of the good points Ted made in his post.

But I wanted to provide an alternate view that, with some creativity and resourcefulness, a creator can thrive, even under these strange circumstances.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy of MidJourney

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A spicy marketing lesson from Ed Sheeran https://businessesgrow.com/2024/09/23/a-spicy-marketing-lesson-from-ed-sheeran/ https://businessesgrow.com/2024/09/23/a-spicy-marketing-lesson-from-ed-sheeran/#respond Mon, 23 Sep 2024 12:00:29 +0000 https://businessesgrow.com/?p=62370 Big brands seem to be missing out on one of the hottest influencer marketing trends. They could do very well by taking this marketing lesson from Ed Sheeran.

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marketing lesson from Ed Sheeran

About a year ago, singer Ed Sheeran partnered with Heinz on a new hot sauce. This is a great lesson literally pointing to the future of influencer marketing, and I kept forgetting to blog about it. But before I get to the dazzling marketing lesson from Ed Sheeran, let’s talk about the marketing problem with soap …

The new influencer landscape

I recently attended a meeting at a CPG company famous for its iconic soap products. They went through a big competitive analysis with profiles of all their traditional global competitors. At the end of the talk, I sheepishly raised my hand and suggested they had completely missed their biggest competitive threat. It isn’t P&G. It isn’t Unilever. It’s a 24-year-old TikTok star.

Influencer marketing has entered a new phase. The biggest stars’ celebrity power commands more loyal audiences than traditional TV networks. Mr Beast has more subscribers than Netflix.

These aren’t just kids shilling energy drinks. They are savvy entrepreneurs who are building their own mega-brands. Here are a few examples:

  • Addison Rae – Item Beauty
  • Emma Chamberlain – Chamberlain Coffee
  • Charli and Dixie D’Amelio – Social Tourist (clothing line)
  • Hyram Yarbro – Selfless by Hyram (skincare line)
  • Blair Walnuts – Jewelry line
  • Michelle Khare – MKfit (fitness app)

And, of course, there is Kylie Jenner, the world’s youngest self-made billionaire who sells her cosmetics in airport kiosks,

These young creators have something the big companies don’t—a credible, authentic voice and a loyal audience that visits them online daily to see what they’re selling next.

And that brings us to the marketing lesson from Ed Sheeran.

The beautiful ketchup move

Like the other influencers I mentioned, Ed Sheeran could have created his own line of hot sauces and a saucy empire. But why?

Partnering with Heinz made so much more sense. For one thing, Heinz actually makes stuff. They have contracts with suppliers, big factories, and an excellent distribution system built over a hundred years. So, with very little actual effort, Ed made his hot sauce dreams come true just by lending his charming face to the new brand. Win-Win.

And here’s the lesson for the mega-brands. Put your marketing ego aside. Go find yourself some beloved influencers and make them rich. They can out-market you, but you can out-manufacture them. It’s a match made in heaven.

Since the Ed Sheeran announcement, I’ve been waiting for a deluge of influencer-brand product launches, but there have been very few. I don’t get it. Influencers own your market, folks. Partner with them to disrupt your market before you’re the one being disrupted.

if you’d like to hear more about this subject, I discussed these ideas with my friend Amanda Russell. You won’t want to miss it!

Click here to enjoy Marketing Companion Episode 298

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The economic value of human authenticity https://businessesgrow.com/2024/09/09/economic-value-of-human-authenticity/ https://businessesgrow.com/2024/09/09/economic-value-of-human-authenticity/#respond Mon, 09 Sep 2024 12:00:30 +0000 https://businessesgrow.com/?p=62403 We're all striving to be real, human, and authentic in our marketing. But will it matter? Not always. A discussion about radio and pizza made me question the economic value of human authenticity.

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value of human authenticity

A LinkedIn comment made me wonder about the practical economic value of human authenticity and the “soul” in our work. Does that seem heretical? Let’s dive in and see …

To set the stage, Andrew Safnauer read my post about how AI is taking the soul out of music, marketing, and most creative endeavors. Most people responded with a virtual high-five to the idea that we will always seek out true human connection. This has been my position, too. Then I read Andrew’s comment (edited for style):

“I worked in radio for my first career. Post deregulation in late 1990s, the industry eliminated overnight DJs through automation. (Saved money). Worked so ‘well’ that they moved it to other time slots. Slowly but surely local talent was replaced by someone from out of town or, more often, no one — they just let the music play.

“The technology removed the unique advantage of radio — the local touch, a connection to the community. And frankly, they removed the soul of what a local radio station brought to a town.

“You can buy a decent frozen pizza made by a machine but it is never going to be as good as one made at Sal’s Pizza by a guy who’s worked the oven for 30 years. His work has soul.”

Let’s dissect this observation. There is an unexpected truth here.

The economics of human authenticity

Andrew’s comment has two nuanced, important points:

  1. The radio industry, built on the popularity of human DJs, eliminated them—literally cutting the soul out of the product. And it didn’t matter. Radio stations moved on with a new economic model nearly devoid of human authenticity.
  2. However, the beloved local pizza baker can only survive in a world of big chain competition due to the local, human connection.

This got me thinking. Despite our human marketing pride, the authentic human element doesn’t always win. Businesses will use AI to cut the heart out of our work to save money, and in some cases, customers won’t care. This might seem unfair, but as much as we decry the soul-less AI bots, they’re coming, and they’re winning.

The other point is that soul does matter … sometimes. Why is human authenticity critical for a local pizza guy and not the popular DJ?

When I was a kid, the local DJs were GODS. They were your only connection to music discovery in those pre-Spotify days. I would argue their role and presence in a community was at least as important as the pizza maker. What’s the difference and what went wrong?

Authenticity isn’t dead. It’s just … complicated.

But I think I know how to unravel this.

The jobs to be done

100 percent human contentOn this blog and in my podcast, I’ve covered an idea called “jobs to be done,” attributed to Clayton Christensen.

The simple idea is that people don’t necessarily buy a product. They buy a job to be done. People don’t need a drill. They need a hole.

One way to figure out the economics of human authenticity in an AI world is to evaluate this through the lens of jobs to be done.

When I have a problem with an appliance, I call a customer service rep to get it repaired as fast as possible. The job I need is to fix this thing fast. I don’t care if the rep on the other end is a human who writes poetry and cares for her elderly goldfish. I just want to get off the phone, and if an AI bot can do it better, that would be great!

In this case, the economic value of human authenticity based on the “job to be done” is zero.

When I was a kid, the job I hired a radio DJ for was to:

  1. Play my favorite songs
  2. Answer the telephone request line to play my favorite songs
  3. Help me find more favorite songs.

They were the gatekeepers of cool, but really … it was about the songs. They became dispensable because the job to be done is easily automated. I liked these personalities and enjoyed their jokes, so the economic value of human authenticity would not be zero, but it was low enough that I don’t lay awake at night grieving the loss of DJs. I happily accept the convenience of Spotify.

Sometimes, the robot wins.

AI and your economic value

By comparison, let’s examine the jobs we might hire the local pizza chef to do:

  • Remind us of the good times we have at this restaurant
  • Create a special dinner just the way we like it
  • Watch a sporting event in a place that is nostalgic and filled with fellow fans
  • To see the friendly face of the owner
  • Enjoy something made with unique craftsmanship, maybe an old family recipe with that special sauce!

None of this can be automated. The human connection is everything. Maybe their pizza costs a little more. Maybe the restaurant floor is a little grimy. Maybe we drive an extra mile to get there. But we don’t care because only this human being can deliver these “jobs to be done.”

In this context, we can evaluate the economics of human authenticity for our own careers. What job are people hiring you to do?

Copywriting? Basic illustrations? Editing? Yikes. You’re in DJ territory.

What is uniquely yours? What is your special sauce or unique “family recipe” that you bring to the marketplace?

This is why I’ve been yelling from the rooftops for years  — a strong personal brand is our only defense against the encroachment of AI. You need to deliver something that is uniquely you. What’s the problem you solve in a way that cannot be ignored?

Start now.

I am not a salesy person. This is not a salesy blog. But I do have a solution if you’re feeling vulnerable in this Ai turmoil.

For more than five years, I’ve been teaching a personal branding class that is the best of its kind. It’s taught live. It’s based on experience, research, and best practices. And it has absolutely changed lives.

It’s not too late to start working on your personal brand and focus on your unique value. Please consider my class, which can be found here.

In the end, it’s not about being human everywhere. It’s about being human where it matters most.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

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Are you really building a personal brand on TikTok? https://businessesgrow.com/2024/07/29/personal-brand-on-tiktok/ https://businessesgrow.com/2024/07/29/personal-brand-on-tiktok/#respond Mon, 29 Jul 2024 12:00:46 +0000 https://businessesgrow.com/?p=61695 Is it a personal brand on TikTok, or is it something else? A few short observations from Mark Schaefer.

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personal brand on tiktok

Personal brand on TikTok?

Too short for a blog post, too interesting to ignore, here are some quick thoughts from the Schaefer-verse:

Is it really a personal brand on TikTok?

I’ve been teaching about personal branding for nearly a decade and probably have studied this subject as much as anyone on earth. But a new development has me flummoxed.

Increasingly, “personal brand” is becoming synonymous with performers on TikTok. I’ve seen this connection creeping in, but it slapped me in the face when I saw sessions on “personal brand strategy” at SXSW run literally by teen TikTok stars.

I’m not against teen TikTok stars—go for it. But is this building a personal brand … or achieving personal fame? There’s a difference.

The term “personal brand” was popularized by a 1997 Fast Company article called “The Brand is You” by Tom Peters. He stressed the importance of curating your own professional brand (just like a corporate brand) to succeed in business.

In my popular Personal Branding Master Class, I make the distinction between fame (like Kim Kardashian) and a personal brand, which means you have the

  • presence
  • reputation
  • authority

… to make your professional dreams a reality. You probably won’t be famous (and don’t need to be), but you will be known in your industry, and that’s a HUGE advantage.

By the way, I think you can create a professional personal brand, instead of personal fame, on TikTok just like any other channel. I’ve seen some great marketing and business content there.

But today, TikTok’s meme-merchants with brand deals seem to be lumped together in the “personal brand” category by the popular media. I think that’s confusing. Am I splitting hairs?

I broke my own rule

100 percent human contentIn many of my books and speeches, I implore marketers to stop doing what people hate — interrupting, intercepting, and spamming, for example.

Here’s one thing that I know people hate: pop-up ads. The research is overwhelming. In 2014, Ethan Zuckerman, the inventor of the pop-up ad, wrote a lengthy apology for his creation in The Atlantic. He called it “The Internet’s Original Sin” and pleaded with businesses to “ditch them.”

And yet, I now have a pop-up on my site. One attentive reader called this irony to my attention, so I thought I would explain it.

Subscriptions to my blog had been stagnant. Long story short, I am fighting the math of large numbers (the bigger the email list, the more I need to grow to keep up with natural attrition).

I needed to upgrade my email strategy, and one recommendation was to add a pop-up to gently remind people to subscribe. I resisted the idea for years but finally succumbed.

I hope I have done this in a kind way. It only pops up after you have been on the site for a while, so it’s not on your face, and it only happens once. Bottom line, it worked.

So I have a “gentle pop-up!”

No sugar-coating

In my last roundup-style post, I had a number of sobering observations about AI and our future. One reader chastised me for not being more positive.

I do think positivity is important, but the truth is even more so. If I don’t tell you the truth, I am cheating you, deceiving you in the long term to make you feel good in the short term.

If you believe projections from Accenture, Deloitte, and McKinsey, between 40% and 70% of marketing tasks can be easily automated. My friend Paul Roetzer, who studies this more than anyone, ranted in his podcast this week that job displacement is coming fast, and he’s worried that nobody is prepared for it.

I do not think mass job displacement is inevitable, at least in the short-term. There are many financial, legal, ethical, and political hurdles for AI to overcome. And, as I wrote recently, I believe is always a place for human creativity.

But change is coming. That’s what’s real right now. We can’t see the truth through a sugar-coated lens. Let’s grow together based on truth and lift each other up along the way!

Word-of-mouth marketing is where it’s at

personal brand on tiktok WOMMWord-of-mouth marketing (WOMM) is probably the most important marketing genre. But it has been relegated to a marketing sideshow because it’s difficult to execute and even more difficult to measure. And frankly, it’s just not as sexy as a celebrity-filled TV ad.

But I’m convinced in this deep fake age of mistrust, WOMM will emerge as an incredibly important strategy. It’s not that hard. Give people something cool to talk about!

It can be this simple. I dined at the wonderful Oasis restaurant on the Caribean island of Saint Martin a few weeks ago. At each place setting, there was a little card to give you a fake smile. Donning the fake smile was irresistible of course. Don’t you think kids would love this?

The simple word-of-mouth marketing idea becomes complete with unique stories on the back of the card. About 10% of the population are “super-sharers” who will take a cool story and share it with family and friends. That ignites WOMM. So, feed them the stories and it will spread.

Don’t overlook visual prompts like the smile card to remind people to talk about you.

What are the stories you’re sharing about your business? How are you getting them out into the world so your business becomes conversational?

personal brand on tiktok

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy Unsplash.com

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The new influencers beat traditional advertising effectiveness https://businessesgrow.com/2024/06/10/new-influencers/ https://businessesgrow.com/2024/06/10/new-influencers/#respond Mon, 10 Jun 2024 12:00:13 +0000 https://businessesgrow.com/?p=62115 Comparing the effectiveness versus advertising is not even close. A crop of new influencers are building trust for brands.

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Ernie Meeks new influencers

Pilot Ernie Meeks is one of the new influencers building trust for brands

By Aaron Hassen, {grow} community member

The most difficult job in marketing today is determining how to effectively connect with our customers in a fractured media landscape. Fortunately, we have informative research and experts like Ed Keller to guide us on where to turn next … and that might include a surprising crop of new influencers.

Here’s a little story to set up the findings of Ed’s research.

100 percent human contentI was reading the news, and an article from The Dallas Morning News jumped out at me. The article, The new social media influencer? Pilots and flight attendants, tells the story of Southwest Airlines pilot Ernie Meeks. Ernie was disappointed when his daughter, who had dreamed of following in his footsteps, considered dropping out of pilot school. Meeks was determined to change her mind, so he created videos for YouTube and Instagram highlighting his daily routines as a pilot.

After a year, his subscribers had grown to 57,300 on YouTube and 130,000 on Instagram … and his daughter decided to remain in pilot training school. But rather than quit, Meeks expanded into podcasting, and his show is now fully backed and sponsored by his employer, Southwest Airlines.

Why would an airline invest in an employee’s social media presence? How does this connect to modern marketing realities?  The answers are found in Ed Keller’s latest research, Unveiling Influence: A Suzy Report on The Impact of Creators on American Consumers’ Lives.

Known for his groundbreaking studies on Word-of-Mouth Marketing, Ed Keller is the CEO of the Keller Advisory Group and Executive Director of Market Research Institute International. Recently, Ed turned his attention to the new influencers and their impact on consumer behavior. If you’re like me, the findings will excite you.

27 million creators … and counting

The Keller Advisory Group worked with research firm Suzy to conduct a nationally representative study of over 1,100 consumers ages 16-54. The study focused on the impact creators and influencers have on consumer attention and purchasing behaviors. Keller had previously surveyed thousands of creators to get their points of view. This time, he decided to take a look at the other side of the equation, which of course is most interesting to brands and marketing and advertising professionals like me.

Keller defines a creator as someone who self-identifies as one and makes money creating. An influencer is someone who posts content on social media regularly and has a significant following. Often, these individuals are one and the same, so I’ll be using the terms interchangeably in this article.

The study estimates there are 27 million paid creators in the U.S. or 14% of all consumers ages 16-54. But all creators are not alike, and the breakdowns are important: 

  • 12.22% (3.3m) are macro-influencers with 250k+ followers 
  • 25.18% (6.8m) are mid-tier influencers with 50k – 250k followers
  • 39.5% (10.4m) are micro-influencers with less than 10k followers. (This segment is reported to be the most influential)

Let’s move on to some of the key takeaways from the study.

Creators are far more influential than ads

According to the survey, 7 in 10 consumers follow creators, and 80% of those followers take some sort of action due to the influence of creator content. These actions are significant and include:

  • visiting the brand’s website (55%),
  • following the brand on social media (46%),
  • recommending the brand to someone else (42%), and
  • resharing the creator’s content (29%).

The best part? An eye-popping 43% of consumers report making a purchase! This meant that compared to advertising, creator content was 2.6 times more influential in purchasing decisions for those polled.

So, what exactly is driving these results? In a word, trust.

New influencers mean trust

The study finds that creator content outperforms traditional advertising across several key attributes.

Creator content is trusted 2.9 times more than advertising and is considered more exciting, unique, relevant, and shareable. Creator content also creates a stronger emotional connection, as 83% of consumers report that they like or love the creator’s content. These qualities appear to contribute to the higher effectiveness of creator content when influencing consumer perceptions and actions compared to ads. 

Brands follow the money

As Mark Schaefer highlighted in his recent article, How big is the creator economy? Three times larger than we thought, brand spending on influencers is surging.

Keller found that nearly 6 in 10 have an ongoing relationship with brands. In his latest survey, between 73% and 76% of consumers said that creator content influences their perceptions of both large, well-known brands and lesser-known emerging brands. So, it’s no coincidence that trusted brands like Amazon, Microsoft, Walmart, and Apple invest in creators.

Money is shifting away from advertisers and toward the new influencers. This year, brands will reportedly spend around $8.14 billion on sponsored social media content. According to Reuters, legacy advertising outlets like “Google and YouTube have faced competition for ad budgets from other online platforms, including Facebook, Instagram, TikTok and Amazon.com.”

The Washington Post notes that even “Well-known news outlets have seen a decline in the amount of traffic flowing to them from social media sites, and some of the money that advertisers previously might have spent with them is now flowing to creators.” The shift in investment from digital advertising to creators highlights the increased importance and effectiveness of creator partnerships for brands.

Ultimately, it’s clear that creators are funded because of their ability to create customers, which is why Southwest Airlines would eagerly support their pilot/creator. Creators are now the arbiters of consumer attention and trust, and brands are leveraging that trust to drive purchases. 

So, the next time you have your finger on the button ready to launch yet another ad campaign, consider the data from Ed Keller and invest in a social media word-of-mouth campaign with a micro-influencer instead. That’s certainly what I’ll be doing.

Aaron Hassen new influencersAaron Hassen is a well-respected marketing leader, strategist, and hands-on practitioner. In 2004, Aaron began his career by launching an online and print advertising service, acquired by a competitor four years later. For the next 18 years, Aaron led marketing for emerging B2B technology companies helping them multiply their annual revenues. Today, Aaron runs AH Marketing, a full-service fractional marketing team focused on Go-To-Market strategy, demand generation, and brand development for B2B revenue leaders with little time or sufficient help to address their marketing challenges.

 

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Are we creating AI, or are AI Agents creating us? https://businessesgrow.com/2024/06/02/ai-agents/ https://businessesgrow.com/2024/06/02/ai-agents/#respond Sun, 02 Jun 2024 12:00:42 +0000 https://businessesgrow.com/?p=62081 The next level of AI will be integrated into every aspect of our lives. AI Agents will work for us, plan for us, and "plug in" to our world. This prompts serious ethical questions when the bot knows more about us than we know about ourselves.

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Ai agents

When OpenAI rolled out GPT4o a few weeks ago, it included the ability to speak — instead of just type — with the interface. The chipper voice assistant provided a first glimpse of an AI personality that could become our little employee, co-worker, and friend.

100 percent human contentIt also signals the next technological revolution: AI agents that will be integrated into every aspect of our lives. Agents that will do all the crappy admin tasks we hate, organize a vacation, fix our computers, and act as our daily coach and therapist … right in the palm of our hand.

But integrating technology into our lives at that granular level also means we’ll need to surrender all privacy. These bots will record our biometric data, facial expressions, arguments, secrets, and every movement in our lives. Microsoft just introduced AI built into computers (called Recall) that will record and retain every online interaction, every five seconds of your life.

This presents enormous ethical complications, and we need to start thinking about it now—for our businesses and for our families.

I recently read a fascinating research study called “The Ethics of Advanced AI Assistants.” It’s a monster report (as long as a book) sponsored by Google and written by 36 researchers from across the globe. Because I am a full-service blogger, I will summarize this significant report for you today.

As I read this report, I wondered: Are we creating AI, or is AI creating us?

Here is a brief summary:

AI Agents are coming

AI agents will have a profoundly personal impact on our lives, starting with an ability to incorporate personal information like conversations, email, and calendars, but also biometric data like health, wellness, and sleep.

It will interpret your facial expressions, tone of voice, and body language. For example, the agent may act differently toward you if it knows you are sleep-deprived. It will know when you’re sick before you do. It will know when you’re lying. It will know you much better than your spouse or mother.

AI agents will take direct control of your devices. You’ll edit images via voice command, for example. Agents will be “thought assistants,” creative directors, personal productivity assistants, personal trainers/coaches, and therapists.

Agents will be the primary interface between humans and the external world. The research team suggests that this will create a new paradigm of interaction with the web in which websites and content will be less important and perhaps irrelevant.

The Ethics of AI Agents

The research goes into great depth on ethical implications such as:

Access

Agents will provide such a cognitive advantage to users that the gap between the haves and the have-nots will increase. Using AI agents will be a life skill, like using the web effectively. Those with access to premium AI Agents might also have increased health benefits and economic advantages.

Security

AI Agents will have access to so much personal information that significant new levels of consent and security will be required. The threat level of information being used out of context is extremely high. Since agents will “plug in” to external services, we will place abnormally high trust in our agents and how information is stored and used. A data breach might mean that every fact of your life and health would be available on the web.

Agency

As AI Agents take action on behalf of users, it raises the question of how this impacts user autonomy. Agents will represent us in the world and negotiate with other bots on our behalf. What happens when bot-to-bot negotiations are at odds? What happens when computers make decisions for a company that result in financial losses or lawsuits?

Anthropomorphism

Agents will be human-like, with personality and “feelings.” How developers present these models to the world, especially defining the relationship between humans and bots, will raise ethical considerations. The economic incentive will be to create bots that make the user happy in a way that cultivates dependence. Should a bot be able to feign affection, or represent itself as something more human than it is to make you happy?

Connecting with a bot in a deeply personal way could adversely affect user well-being and create the risk of infringing on user privacy and autonomy. Anthropomorphic features may influence users to feel as though their bot plays a critical social and emotional role rather than a functional one (See the movie “Her.”)

As AI Agents are integrated with lifelike humanoid robots, these risks could increase.

Value alignment

If a bot is your representative to the world and follows your instructions, it must align with your ethics and worldview. What if you are a criminal? What if the user is engaging in self-harm? There is a risk that advanced AI assistants will be insensitive to local values and cultural contexts.

Decisions must be made to limit how an agent can be used in a way that puts society and others at risk, i.e. misinformation, harassment, and crime. The researchers name six ways values can be misaligned, arguing that this issue is extremely difficult and complex. Developers will have to determine ethical guidelines that are imposed on all users.

Moral implications

As we become dependent on bots to take over daily interactions, humans will be “out of the loop,” and disconnected from many normal human interactions. What is the impact on human socialization and mental health?

If agents are designed to promote “well being,” how is that defined? If we follow a path of automated, programmed self-improvement, are we improving as human beings or conforming to an algorithmic definition created by programmers? Will AI change society based on the coding preferences of developers?

Example: I recently saw a demo of an AI bot designed for children that reports to parents on the child’s development and mental health. By who’s definition? Will our children be programmed to conform to standards established by a small team in Silicon Valley? Where are the medical and psychology experts in this loop?

Safety

The research covers the risk of accidents, malicious misuse, and unintended consequences. These AI systems are so complex that we cannot account for many risks. Early LLM models exhibited hostility and “hallucinated” lies, for example. Could a developer inject a ghost in the machine that causes harm? Could AI bots trick humans into aiding them in achieving a criminal goal?

AI assistants have the potential to empower malicious actors to achieve harmful outcomes across four dimensions:

  1. offensive cyber operations, including malicious code generation and software vulnerability discovery;
  2. adversarial attacks to exploit vulnerabilities in AI assistants, such as jailbreaking and prompt injection attacks;
  3. high-quality and potentially highly personalized misinformation at scale, including non-consensual fakes;
  4. authoritarian surveillance.

Economics

While agents provide valuable utility, they are likely to create massive job losses, especially for any profession involved in human services.

Influence

We have seen that large language models like ChatGPT can be very influential and skillful negotiators. Based on this competency, there is a risk of rational persuasion, manipulation, deception, coercion, and exploitation.

A personal view of AI Agents

Reading this post might seem like a science fiction nightmare. But this is real, and it’s happening now. So we need to start these conversations.

You might believe you’ll exert personal agency and protect your privacy by not participating in this intrusive new world. But history doesn’t support that conclusion. Especially in America, we’re resigned to the fact that we’ll just turn over our personal information in exchange for free access to news, entertainment, and social media sites.

AI Agents will be so incredibly helpful and cool that we’ll all want to jump in. Humanoid AI Agents will be status symbols and vital if we’re to participate in contemporary society. And once again, we’ll gladly risk all our privacy to play along. Half of America is happy to be tracked by the Chinese government in exchange for access to memes and pranks on TikTok. In fact, they will march on Washington to protect their right to be surveilled by a Communist dictatorship. Why would our AI future be any different?

A very small group of mostly geeky white men are determining the future of the human race. That is not a sensational statement. In essence, the human race will soon have a new operating system. What makes us special as human beings is being systematically stripped away. Who is checking the work of these people?

Regulation? Yes. We will need that, but the irony is that rules could only be enforced at scale through AI Agents. The government cannot act at the speed of technology, so we must depend on our tech leaders to guide AI development with ethics and compassion. And who are we counting on for this? Mark Zuckerberg? Elon Musk? Sam Altman?

These megalomaniacs have signaled that AI is coming, and there is nothing stopping them. They’ve surged ahead at a comet’s pace and a scorched earth approach to any societal norms and laws in the way. There is only one goal: Win this inevitable race toward super-human intelligence, and the consequences be damned.

Nevertheless, it would be folly to ignore this technology. I’ll embrace AI Agents and try to accept them into my life as problem solvers. I need to understand them enough to participate in a smart and ethical way.

Am I concerned about the existential aspects of AI agency? Yes. But I’m also concerned about North Korea having nuclear weapons and climate change jeopardizing my ability to get home insurance next year. On an individual level, there is very little I can do on any of these issues except be part of the debate.

And hopefully that started for you in a small way today.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration Pexels.com and Tara Winstead

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15 Years On, Five Ways Blogging Changed My Life Forever https://businessesgrow.com/2024/04/15/blogging-changed-my-life/ https://businessesgrow.com/2024/04/15/blogging-changed-my-life/#respond Mon, 15 Apr 2024 12:00:43 +0000 https://businessesgrow.com/?p=61819 On the fifteenth anniversary of his blog, Mark Schaefer describes five reasons that "blogging changed my life." It may have even saved his life.

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blogging changed my life

This week marks the fifteenth anniversary of my blog. Crazy, right? I realize that nobody cares about an anniversary like this … I don’t even care, honestly … but I thought I would use the milestone as a teachable moment because blogging changed my life. And here is the main lesson of the milestone:

To stand out in this world, you have to be known. To be known, you have to show up consistently. Consistency is more important than genius.

Unfortunately, this is where most people fail. They stop and start, or perhaps they never start at all.

100 percent human contentIn my Personal Branding Master Class, I show a slide depicting my personal income attributed to “being known.” My income grew steadily over time (except 2020!) because the more I am known, the bigger my audience, the greater the opportunities, the higher the book sales, and the more valuable the speaking and consulting engagements. This progress can only come through consistently showing up with helpful content.

Creating meaningful content is hard work, and at low times, I wonder if it’s worth it. While I’m working on a blog post, my friends might be reading, hiking, or cooking a great meal. Blogging is a sacrifice.

But when I emerge from this introspection, I return to the same conclusion: Everything started from the blog, and every business benefit comes from the thought leadership I’ve built from this space. In fact, without a doubt, blogging changed my life forever, in these five ways:

1. Deep emotional connection

A few years ago, I received an email from a blog reader: “I’ve been reading your blog for three years. It led me to buy your latest book, and it is the best business book I’ve read in the last ten years.”

It was signed by the CMO of a Fortune 100 company. Two years later, he hired me for a consulting project to transform his content marketing department.

Let’s dissect what happened:

  • A stranger built an affinity for me through my blog.
  • Over time, the affinity became trust … a strong enough bond for him to hire me, even though I had never met him.
  • To earn his business, I didn’t have to apply for the job or bid against competitors. I was simply awarded the work, and I named my price.

If I didn’t have a blog, how much would I have had to spend on advertising to have a success story like that?

Brand marketing is about building an emotional connection that differentiates you from the competition. What a wonderful world we live in where a guy like me has the opportunity to build relationships — and a business — through my content. You can do it, too.

2. The introvert’s revenge

I hate networking. I am the worst networker in the world. I’m an introvert who loves a quiet dinner with friends, but put me in a room with a lot of people, and I want to crawl into a hole.

I know that sounds weird coming from a person who delivers keynote speeches in front of thousands of people, but it is different. I come alive on a stage because I can teach and entertain, and I’m really good at it. But shaking hands all night at a cocktail reception is my idea of torture.  I am a mingler misfit.

But through a blog, I can build business friendships with people every day without actually meeting them!

3. The fuel for a legacy

When my blog hit its tenth anniversary, I wrote that my biggest accomplishment was that over all those hundreds of posts, I never humiliated myself. My record still stands!

I have not made a major stumble because blogging forces me to clarify my ideas. Before I put something into the world, I think it through deeply. Is it thorough? Have I considered all sides? Am I being kind and showing up in a way I can be proud of?

These clarified blog concepts are later used in my speeches and books. The seeds of my legacy are planted here.

4. Personal reward

When I was in the corporate world, I would get an annual performance review (if I was lucky!).

Although I generally had an idea of how I was doing, there always seemed to be a zinger in there. Nobody gets a perfect performance review, right?

The cool thing about blogging is that I get a performance every week. Here is a comment posted on LinkedIn recently by Jim Hunt.

years of blogging

Isn’t that awesome? It makes my heart soar. I just can’t believe how lucky I am to have an audience of people who appreciate my work.

That’s the fuel that keeps me going. When I create a blog post, a podcast episode, or a book, I have only one mantra in my head: “I will never let you down.”

5. Personal healing

In the first chapter of my book KNOWN, I wrote about the darkest time of my life. This was so difficult for me to reveal, but I did it to show the reader that when I started my personal branding journey, I was a mess. I was below zero. I wanted to encourage people — If I can do it, you can too.

In those dark days, the stress of my life was killing me. When I went to see a doctor, my blood pressure was so high she would not let me leave her office. She was afraid I was about to have a stroke or worse.

The doctor demanded that I monitor my blood pressure every hour of the day. And this is when I witnessed something miraculous. There was one hour every day when my blood pressure was normal. It was when I was blogging.

There is a zen about blogging that sends you to a different place of focus and peace, even when the world is terrible.

Even more importantly, when I started posting my ideas online, I received feedback from people who didn’t know what I was going through. It was so nice to connect with people who didn’t know of my suffering. I was so tired of being sad.

Perhaps it is too dramatic to say that blogging saved my life, but mentally, physically, spiritually, and financially, I am transformed from creating these words on a screen.

Thank you, friend

I will never forget the moment 15 years ago when I received the very first comment on this blog. It was a moment of awe. Somebody read my work and spent their precious time commenting on it.

I have never forgotten that feeling. I re-live that sense of awe every day when I get feedback on my work.

Whether you have followed me for 15 years or this is our first meeting, thank you for being here. I’m just getting started, and I will never let you down.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Illustration courtesy MidJourney

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Personal Brand Versus Corporate Brand: Which is More Effective? https://businessesgrow.com/2024/01/29/personal-brand-versus-corporate-brand-which-is-more-effective/ https://businessesgrow.com/2024/01/29/personal-brand-versus-corporate-brand-which-is-more-effective/#comments Mon, 29 Jan 2024 13:00:10 +0000 https://businessesgrow.com/?p=61370 A surprising debate over the relative value of the personal brand versus corporate brand

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personal brand versus corporate brand

A friend forwarded a post to me penned by digital superstar Neil Patel. I like and respect Neil a lot, and generally I agree with him, but in this case, I don’t — and I think his post provides a great lesson in the value of personal branding.

Which works better? Today we’ll examine the business value of the personal brand versus corporate brand.

Personal brand versus corporate brand

Neil’s post goes through a detailed analysis of the number of followers on his personal and corporate accounts. He does his best to attribute revenue streams to his personal brand versus corporate brand, to determine which might be the most important effort. The corporate brand drove more revenue and he came to this conclusion:

If you look at the biggest companies in the world… Apple, Microsoft, Google, Amazon, Pepsi, Proctor and Gamble, etc… they are all corporate brands.

Sure, you can build a big personal brand like a Kardashian, which is great, but they don’t generate anywhere near the revenue a strong corporate brand can generate.

This doesn’t mean a personal brand isn’t effective.

I’ve used it to kick-start my corporate brand.

A lot of corporations like Beats by Dre used a lot of personal brands (celebrities) to create something amazing, and then they eventually sold it to Apple.

So ideally, you should leverage both to their maximum potential.

I think Neil is missing a few important points.

Neil is the brand

So Neil’s conclusion is to focus on corporate brand — like Apple or Microsoft. The corporate brand drives more revenue for him.

First, let’s take a little test. What is the name of Neil Patel’s company?

Think hard now. If Neil’s corporate brand is working so well, driving more revenue, and meaning more to his customers, obviously it should be a well-known name, right?

I’ve followed Neil for more than a decade and have no idea what the name of his company is. I assumed it was Neil Patel. (It’s NP Digital).

My point is, how do you separate the two? My guess is that no matter how many referrals Neil gets, a new customer is going to do business with him because it is Neil freaking Patel, one of the best-known digital gurus in the world.

Similarly, do you know the name of my business? Nope. Nobody really cares that I lead Schaefer Marketing Solutions. People hire me for me.

What is a brand?

The second problem with Neil’s analysis is that he is attempting the Sysphian task of attributing revenue to brand marketing efforts.

There are two kinds of marketing, and confusing them causes problems.

The first kind is direct (or performance) marketing. This is easy to measure and is directed at revenue generation. Examples would be advertising, SEO, and, to some extent, content marketing. If you spend money on ads, for example, you can generally measure how much revenue comes in.

personal brand versus corporate brandBrand marketing helps distance yourself from the direct marketing battle. Your image and reputation create the expectation of a feeling you have toward a brand. The words Disney, Nike, or Coca-Cola mean something to you because of the tremendous effort they put into brand marketing. This moves them above commodity status.

Brand marketing delivers loyalty, preference, and, often, the ability to charge more.

But here’s the problem. It’s almost impossible to measure brand marketing. Most people associate Coca-Cola with their whimsical polar bears. How many cans of Coke does a polar bear sell? Who knows? But the brand image creates meaning that separates it from the competition.

My point is, when Neil compares the personal brand versus the corporate brand, he’s mashing together direct marketing with brand marketing. He’s trying to provide direct attribution to how well he is known, and that’s very difficult, or impossible, to do.

The personal brand is everything

Last year, I whined to a friend about my book sales. “I’m writing great books,” I said. “Why don’t I sell as many books as Seth Godin?”

“Because you’re not Seth Godin,” my friend replied.

Exactly.

In many ways, Seth, Neil, and I are in the same business. We speak, we write, we consult.

But Seth Godin can sell more books, charge more for his speaking fees, and attract bigger consulting engagements than me because he’s at the top of the marketing influence scale. It doesn’t matter if my books are better, cheaper, or more beautiful. His personal brand is bigger than mine, and that trumps everything.

For the same reason, I don’t think Neil even has a “corporate brand.” Neil is able to drive crazy revenue streams because he’s known, loved, and trusted. Sure, he does a great job with SEO, ads, and content. But the real key to his success is the reputation, authority, and presence that makes his personal brand soar.

Putting this into action for you

I don’t want to dismiss the power of corporate branding. If you can afford an ad on the Super Bowl, go do it. But most of the people reading this article will never have that opportunity.

Remember that branding is about creating an emotional expectation that leads to awareness and loyalty. It’s hard for people to fall in love with an ad, a logo, or your SEO scheme. But they can fall in love with you.

Neil is an SEO and advertising wizard. He might be able to trick people into clicking a link or an ad, but he can’t trick them into buying. That decision is made because of his reputation, his body of work, and the social proof coming from reviews and testimonies.

I hope you take a simple lesson from this tale. Your personal brand is everything.

What do you want to do in this world? Make more sales? Write a book? Sell a course? Speak on the biggest industry stage?

All worthy goals, but the only way that will happen is if you are KNOWN.

In Neil’s article, he said he brings in about $20 million a year. Could he have done that 10 years ago? No. Five years ago? No. His revenue grows and his opportunities expand the longer he works on his personal brand.

That’s why you need to be working on your personal brand now.

Need a keynote speaker? Mark Schaefer is the most trusted voice in marketing. Your conference guests will buzz about his insights long after your event! Mark is the author of some of the world’s bestselling marketing books, a college educator, and an advisor to many of the world’s largest brands. Contact Mark to have him bring a fun, meaningful, and memorable presentation to your company event or conference.

Follow Mark on TwitterLinkedInYouTube, and Instagram

Image courtesy Midjourney

The post Personal Brand Versus Corporate Brand: Which is More Effective? appeared first on Schaefer Marketing Solutions: We Help Businesses {grow}.

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