Archive for June, 2010

June 23rd, 2010

Marketing You: The Bigger Picture

A successful marketing campaign is more than just a great portfolio and presentation. While those are certainly key pieces, each part of the process–from the first phone call to the follow-up thank you note–reflects you and your personal “brand.” It’s important that you take the time to develop a strong strategy in advance so potential employers have a consistent experience from start to finish.

Define your strategy.
Treat your personal marketing strategy like any other design problem. You are the client, and you have a problem that needs solved (i.e. you want a job). You have a goal or outcome to work towards, and you have a specific set of criteria and guidelines to consider. Take time to map out the process, points of contact, and any deliverables you’ll need along the way. Not only will you be prepared as a result, but you’ll have more control over the experience from beginning to end.
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June 7th, 2010

Brand Value vs. Social Currency

I was reading a blog last week on FastCompany.com regarding a report from Vivaldi Partners on the “Social Currency Ranking” of various brands from Apple, to BMW, to JetBlue.

The concept of social currency is different than overall brand value. Where brand value is based on the difference in cost between a given brand and the generic version (think Coca-Cola and the grocery store brand soda), Social Currency Rankings are based on affiliation, identity, information, advocacy, utility and conversation. As Vivaldi states, it’s “the extent to which people share the brand or information about the brand as part of their everyday social lives at work or at home… Our study shows that social currency significantly drives brand loyalty. Moreover, brands with a high social currency command a price premium.”

In short, if your audience adores and talks about your brand on a social level, there’s a good chance they’ll pay more to remain loyal to your brand.

Out of curiosity over the weekend, I polled my Twitter followers about some of their favorite brands. I asked “What brand makes you feel the most proud, special or hip? Which brands do you aspire to use, own, interact with?”

Here are a few of the responses I received:

@a_kilbourne: my local Starbucks knows my name and my favorite drinks. Many times I will go out of my way to stop there.

@MattWallpe: Always though Kenneth Cole was pretty cool and loved wearing it.

@danebenton: target, starbucks, apple, luxury vehicle brands, just to name a few.

@danebenton: for me it’s a close tie between BMW and Audi, based on style and brand.

@meladorri: I gotta admit I really enjoy the experience of driving my Acura. Been impressed with most brand interactions.

@phidaniels: diesel jeans.

Not surprisingly, you’ll see many of these brands show up in Vivaldi’s report. Check out their findings. Some of the results may surprise you:

“The strongest brands in America, according to a new study, are not American. They are German and Japanese luxury car brands: BMW; Mercedes; and Lexus. But the U.S. brand with the greatest “social currency” is one that has existed a mere ten years (and it’s not even an Internet or tech company): JetBlue.” continue reading on FastCompany.com