trust.

You are currently browsing articles tagged trust..

Trust, Authenticity and Transparency are the three "pop marketing" words of the day. ROI was last year. Trust, Authenticity and Transparency can be found on every marketing blog and in every social media webinar worth their free price of admission.

 

Sound like I have a bug up my arse? You bet.

 

Here’s the problem with brands today: They don’t mean anything. Most brands are not imbued with an idea, but with many ideas. They are defined by campaigns, not a brand strategy. We, as consumer, are therefore so confused we default to the “is” of the Is/Does.  Levy’s is jeans. Coke is cola. And with so many people managing these brand across so many silos we don’t know what the brands “do.” We can’t land on a brand value, because it is ever-changing.  

 

That’s why everyone is talking about Trust, Authenticity and Transparency.  Everyone is  confused.  And with social media added to the brand management fray, there’s even more confusion. Return On Strategy (ROS) is the most important brand metric there is. Not the ROI which measures tactics. Too much ROI leads to the need for? That’s right. Trust, Authenticity and Transparency. Peace!

 

Possibly Related Posts:


Tags: , , , , , , , , , , ,

 

There was an interesting article in the NY Times Business Section over the weekend about Amazon and eBay. It suggested Amazon is winning because they do better long-term planning and are willing to fail for a while so they can win.

 

Both companies have made some missteps, but both should thrive.  Even with its problems, eBay is still the leader in online auction.  Amazon is the 800 lb. gorilla in online retailing, and since ecommerce is only 7% of all commerce, there’s certainly room for both.

 

Some advice for eBay: Keep the auction business discrete. Any playing around with fixed price, VOIP, online payment, etc. should be either spun off or handled by unique management. Smart decisions are harder to make when considering the impact on other “family” businesses. As for Amazon: Stop with all the “trust” value prop talk. Make your business about “price.” Trust is earned and requisite, it’s not a branding idea.  Peace!

 

 

Possibly Related Posts:


Tags: , , , , ,