Lucidity London Top 10 Tips for Effective Advertising
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Transcript of Lucidity London Top 10 Tips for Effective Advertising
© 2014 Lucidity London l www.luciditylondon.com
Top 10 Tips for Effective Advertising
How to Get, Keep and Grow Customers
Research Strategy Implementation
LUCIDITY LONDON Inspiring Growth
Tips for Effective Advertising Lucidity London Page 2 of 4
Set Clear and Detailed Objectives
Spend money wisely. Many ad campaigns have vague objectives, such as
increasing brand awareness, image and attitude, but campaigns briefed in this way
significantly underperform. The ones that work start with quantifiable business
objectives that filter down to softer measures such as behavioural objectives. If you
start by spelling out the hard business objectives, payback is increased four times.
Focus on Profit
Think about what effects your business can achieve. Most people think the job of
advertising is to sell more stuff, so they focus on increasing sales volume, but in
fact the most profitable campaigns are the ones that make people pay more for the
same products. So sell people the same stuff at a higher price, rather than selling
them more of the same.
Engage the Whole Market
Increasing brand loyalty has become the main goal for campaigns - but advertising
has hardly any effect on brand loyalty, so campaigns that focus on existing
customers massively underperform. Campaigns that focus on potential customers
are three times more effective; the best marketing strategies talk to customers and
non-customers as a whole - they embrace the whole market.
Touch the Heart
The marketing community believes its job is to tell people things that will persuade
them to buy products - but those rational messaging campaigns are the least
effective. The best campaigns make people feel things about a brand - emotions
are more profitable than messages. People don't want reasons to buy, they want
emotional bonds.
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Tips for Effective Advertising Lucidity London Page 3 of 4
Create Ripples of Influence The most effective campaigns take emotional bonding to the next level - they
create emotion and then share that feeling. Fame is more than brand awareness:
for example, Apple is a cool brand over and above the technology category. Fame
is emotion on steroids; when the brand becomes social currency, the financial
payback is ramped up to another level. Be newsworthy, go viral, or do things that
people talk about in the pub - go beyond the private sphere.
Lead with the Right Medium
If your aim is to create social media, then use media that can be shared. If you
want to create an emotional bond, then use rich media. The new digital channels
have tremendous potential - they have the power of audiovisual and are rich
emotionally, but at the same time they have interaction and direct response.
Harness the Power of Integration
Convert fame and buzz into sales. Integration doubles effectiveness, so
communications must make brands desirable while also pacifying the rational brain
with reasons.
Don’t Use Only One Metric
Evaluation matters - you need a balanced scorecard for measurement. The
campaigns that perform the best move all the measurement dials, whereas the
campaigns that only shift one measure underperform.
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If you need help with marketing, call 0208 241 3730 or visit www.luciditylondon.com
Lucidity London is an independent marketing consultancy which provides research, strategy and
programme implementation services to local, national and international clients from our HQ in
London. Our mission is to help clients inspire growth in their organisations and we achieve this by
combining in-depth analysis with clear, actionable insights and practical expertise in delivering
marketing programmes.
Pre-Testing is Not the Answer
Be sceptical about pre-testing - this can halve the effectiveness of your advertising.
Commit Sufficient Resources
There is a growing myth that with the new digital toys you don't need to spend
much money anymore. This is not true. There is a well-known equation about the
relationship between budget and growth that goes back to the 1960s: Growth Rate
= Share of Voice minus Market Share divided by 10. So remember that share of
voice is the key metric and keep spending money.
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