The two fundamental components of strategic marketing are the brand plan and the marketing plan. Most companies have a marketing plan. They also have brands. Not always to they have both.
The marketing plan is viewed through a lens of “making money,” as it should be. Each tactic, event or channel strategy is gauged by how it contributes to topline sales and profit. The brand plan, on the other hand, is about creating value in the minds of the seller and buyer. It sets places in the minds of consumers differentiating the product and creating preference. It also creates a roadmap for brand managers and company stakeholders to deliver and create even greater value. Guideposts if you will.
In all my years doing brand strategy I’ve never included a loci around profit or revenue. The proof array supporting a brand claim results from prioritizing care-abouts and good-ats. While profit is always the goal of the marketing plan, it is never the subject of the brand plan. This Yin and Yang, this republican and democrat balance is what make brands unique and powerful.
If every plank in a brand strategy was about profit and sales, every brand would be the same.
Profits are the motive of the marketing plan. Logical and emotional reasoning are the motives of the brand. Peace.
Tags: brand good-ats, brand plan, care-abouts, care-abouts and good-ats, good-ats. Brand care-abouts, marketing plan, the difference between a marketing plan and a brand plan, Yin and yang, yin and yang of marketing
November 21, 2017 in Marketing
I was going over some notes taken during a recent WARC webinar presented by (my boy) Faris Yakob and came across a slide on the customer journey. I’m a fan of customer journey having created a facsimile I call Twitch Point Planning. Twitch Point Planning attempts to “understand, map and manipulate a customer closer to […]
November 20, 2017 in Marketing
I’m a big proponent of something I call Meme Metrics. Wikipedia defines a meme as “A meme (/ˈmiːm/ MEEM) is an idea, behavior, or style that spreads from person to person within a culture — often with the aim of conveying a particular phenomenon, theme, or meaning represented by the meme.” As a blogger who […]
November 17, 2017 in Brand Strategy
I’ve been on a little discovery jag lately. When you are a consultant and freelance for ad or branding agencies, you must often use discovery methodologies with which you are unfamiliar. You do it then calibrate your brain to cill the insights needed to write the brief. A brief that may, also, not be yours. […]
November 14, 2017 in Marketing
Radhika Jones was named editor in chief of Vanity Fair magazine yesterday. Vanity Fair is a literary brand with few global peers. Magazine brands like The New Yorker and Vanity Fair have a history of long standing editors, people who sit atop the title for decades. Great magazines get branding. When asked about her plans […]
November 13, 2017 in Marketing
I just read an interesting study on brand recall. The methodology used saw consumers attempt to draw from memory brand logos. Starbucks, Target, Apple, Adidas, etc. are apparently hard to recreate when asked to put pen to paper. Much easier I would imagine, would be creating logos when given marks and type from a sort […]
November 9, 2017 in Marketing
Before there was Google Maps, before there was Waze, before Siri, we used to be get into cars and drive to places we had never been before, without software. Only a couple hundred years ago we navigated by trails, celestial guides and landmarks. Branding is a little old school like this. We create trails that […]
November 7, 2017 in Brand Strategy
Brand planners at agencies have two jobs. One job is to assist with new business strategy where they mine insights that make it easier for consumers to like, want and buy a brand. The other type of brand planner runs day-to-day tactical business. These are the day-planners. Once the master strategy is in place, […]