Branding Archives - DigitalMarketer https://www.digitalmarketer.com/branding/ Mon, 06 May 2024 20:32:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.digitalmarketer.com/wp-content/uploads/2021/08/gearsNew-150x150.png Branding Archives - DigitalMarketer https://www.digitalmarketer.com/branding/ 32 32 Foundations of Agency Success: Simplifying Operations for Growth https://www.digitalmarketer.com/blog/simplifying-operations-for-growth/ Mon, 06 May 2024 20:32:04 +0000 https://www.digitalmarketer.com/?p=167542 Discover the essential guide to simplifying operations for digital agencies. From streamlining processes to mastering efficiency, unlock the keys to predictable growth and enhanced team performance.

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Why do we read books like Traction, Scaling Up, and the E-Myth and still struggle with implementing systems, defining processes, and training people in our agency?

Those are incredibly comprehensive methodologies. And yet digital agencies still suffer from feast or famine months, inconsistent results and timelines on projects, quality control, revisions, and much more. It’s not because they aren’t excellent at what they do. I

t’s not because there isn’t value in their service. It’s often because they haven’t defined the three most important elements of delivery: the how, the when, and the why

Complicating our operations early on can lead to a ton of failure in implementing them. Business owners overcomplicate their own processes, hesitate to write things down, and then there’s a ton of operational drag in the company.

Couple that with split attention and paper-thin resources and you have yourself an agency that spends most of its time putting out fires, reacting to problems with clients, and generally building a culture of “the Founder/Creative Director/Leader will fix it” mentality. 

Before we chat through how truly simple this can all be, let’s first go back to the beginning. 

When we start our companies, we’re told to hustle. And hustle hard. We’re coached that it takes a ton of effort to create momentum, close deals, hire people, and manage projects. And that is all true. There is a ton of work that goes into getting a business up and running.

The challenge is that we all adopt this habit of burning the candle at both ends and the middle all for the sake of growing the business. And we bring that habit into the next stage of growth when our business needs… you guessed it… exactly the opposite. 

In Mike Michalowitz’s book, Profit First he opens by insisting the reader understand and accept a fundamental truth: our business is a cash-eating monster. The truth is, our business is also a time-eating monster. And it’s only when we realize that as long as we keep feeding it our time and our resources, it’ll gobble everything up leaving you with nothing in your pocket and a ton of confusion around why you can’t grow.

Truth is, financial problems are easy compared to operational problems. Money is everywhere. You can go get a loan or go create more revenue by providing value easily. What’s harder is taking that money and creating systems that produce profitably. Next level is taking that money, creating profit and time freedom. 

In my bestselling book, The Sabbatical Method, I teach owners how to fundamentally peel back the time they spend in their company, doing everything, and how it can save owners a lot of money, time, and headaches by professionalizing their operations.

The tough part about being a digital agency owner is that you likely started your business because you were great at something. Building websites, creating Search Engine Optimization strategies, or running paid media campaigns. And then you ended up running a company. Those are two very different things. 

How to Get Out of Your Own Way and Create Some Simple Structure for Your Agency…

  1. Start Working Less 

I know this sounds really brash and counterintuitive, but I’ve seen it work wonders for clients and colleagues alike. I often say you can’t see the label from inside the bottle and I’ve found no truer statement when it comes to things like planning, vision, direction, and operations creation.

Owners who stay in the weeds of their business while trying to build the structure are like hunters in the jungle hacking through the brush with a machete, getting nowhere with really sore arms. Instead, define your work day, create those boundaries of involvement, stop working weekends, nights and jumping over people’s heads to solve problems.

It’ll help you get another vantage point on  your company and your team can build some autonomy in the meantime. 

  1. Master the Art of Knowledge Transfer

There are two ways to impart knowledge on others: apprenticeship and writing something down. Apprenticeship began as a lifelong relationship and often knowledge was only retained by ONE person who would carry on your method.

Writing things down used to be limited  (before the printing press) to whoever held the pages.

We’re fortunate that today, we have many ways of imparting knowledge to our team. And creating this habit early on can save a business from being dependent on any one person who has a bunch of “how” and “when” up in their noggin.

While you’re taking some time to get out of the day-to-day, start writing things down and recording your screen (use a tool like loom.com) while you’re answering questions.

Deposit those teachings into a company knowledge base, a central location for company resources. Some of the most scaleable and sellable companies I’ve ever worked with had this habit down pat. 

  1. Define Your Processes

Lean in. No fancy tool or software is going to save your company. Every team I’ve ever worked with who came to me with a half-built project management tool suffered immensely from not first defining their process. This isn’t easy to do, but it can be simple.

The thing that hangs up most teams to dry is simply making decisions. If you can decide how you do something, when you do it and why it’s happening that way, you’ve already won. I know exactly what you’re thinking: our process changes all the time, per client, per engagement, etc. That’s fine.

Small businesses should be finding better, more efficient ways to do things all the time. Developing your processes and creating a maintenance effort to keep them accurate and updated is going to be a liferaft in choppy seas. You’ll be able to cling to it when the agency gets busy. 

“I’m so busy, how can I possibly work less and make time for this?”

You can’t afford not to do this work. Burning the candle at both ends and the middle will catch up eventually and in some form or another. Whether it’s burnout, clients churning out of the company, a team member leaving, some huge, unexpected tax bill.

I’ve heard all the stories and they all suck. It’s easier than ever to start a business and it’s harder than ever to keep one. This work might not be sexy, but it gives us the freedom we craved when we began our companies. 

Start small and simple and watch your company become more predictable and your team more efficient.

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How Tagging Strategies Transform Marketing Campaigns https://www.digitalmarketer.com/blog/tagging-strategies-transform-marketing-campaigns/ Tue, 30 Apr 2024 18:52:42 +0000 https://www.digitalmarketer.com/?p=167521 Interested in how brands use a tagging strategy? Find out how tagging strategies can make a difference in helping your brand's marketing campaigns stand out.

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As a marketer, I understand how today’s marketing campaigns face fierce competition. With so much content and ads competing for eyeballs, creating campaigns that stand out is no easy task. 

That’s where strategies like tagging come in. 

It helps you categorize and optimize your marketing efforts. It also helps your campaigns cut through the noise and reach the right audience.

To help you out, I’ve compiled nine ways brands use a tagging strategy to create an impactful marketing campaign. 

Let’s get to it. 

How Brands Use a Tagging Strategy

Tagging involves using keywords or labels to categorize and organize content, products, or customer data. You attach tags to specific items or information to make searching, sorting, and analyzing data easier. 

There are various types of tags, including meta tags, analytics tags, image tags, hashtags, blog tags, and more. 

So, how do brands use a tagging strategy to make their marketing campaigns stand out?

Improve Social Media Engagement

With over 5 billion users, social media provides an easy way to connect with your audience, build relationships, and promote your offerings.

Use a tagging strategy to boost social media interactions. Consistently use hashtags that align with current trends and topics. This encourages people to interact with your content and boosts content visibility.

You can also use tags to monitor brand mentions of your products or your industry. This allows you to engage with your audience promptly.

Consider virtual social media assistants to streamline your tagging strategy. These AI-driven tools can suggest relevant hashtags, track mentions, and automate responses. Implementing them can save time and resources while ensuring consistent engagement across your socials.

Build a Personal Brand on LinkedIn

LinkedIn is the world’s largest professional networking platform, with over 1 billion members across 200 nations. It offers excellent opportunities for individuals and businesses to build and nurture their brands.

However, simply creating a professional profile isn’t enough to build a personal brand on LinkedIn

Use various tags to increase your visibility, establish thought leadership, showcase expertise, and attract the right connections. For instance, use skill tags to showcase your expertise and industry tags to attract connections and opportunities within your industry. Use certification tags to help showcase your expertise and credibility to potential employers or clients. 

Facilitate Customer Segmentation and Personalization

Personalization matters—more so in today’s data-driven world. In fact, 65% of consumers expect your brand to adapt to their changing preferences and needs.

To meet this expectation, consider using a tagging strategy.

Segment your customers based on shared characteristics, such as demographics, interests, purchase history, cart abandonment, and behavior.

Here’s a summary of the steps to customer segmentation.

With your customer segments ready, use tags to tailor your marketing messages and offerings to specific segments. Imagine sending targeted email campaigns based on what your customers need. That’s the power of segmentation and tagging in action!

Enhance SEO and Content Discoverability

Tagging content can have a profound impact on search engine optimization (SEO) and content discoverability. When users search for specific topics or products, well-tagged content is more likely to appear in search results, driving organic traffic to your website. 

Additionally, tags can help you analyze the most popular topics with your readers. Then, the results of this analysis can help you adjust your content strategies accordingly.

And get this— certain AI tools can help analyze your content and suggest relevant tags and keywords. Using these tools in addition to a tagging strategy can help optimize your SEO strategies and boost content discoverability.

Partner with the Right Influencers

Influencer marketing has become a go-to marketing approach for modern brands. Recent stats show that 85% of marketers and business owners believe influencer marketing is an effective marketing strategy. 

But how do you find the perfect influencer for your campaign? 

Utilize tags to identify influencers who are relevant to your niche. Beyond this, find influencers who align with your brand values and target audience.

Additionally, look for influencers who use hashtags that are relevant to your campaigns. For instance, fashion influencer Chiara Ferragni uses #adv (advertising) and #ghd (good hair day) hashtags in this campaign.

Monitor industry-specific hashtags and mentions to discover influential voices and build profitable relationships with them. 

Track Hashtag Performance

Tracking your hashtag performance helps you understand your campaigns’ engagement, reach, and effectiveness.

To achieve this goal, assign special hashtags to each marketing project. This helps you see which hashtags generate the most engagement and reach, enabling you to refine your tagging strategy. 

Here’s an example of a hashtag performance report for the #SuperBowl2024.

This curated list of hashtag generators by Attrock discusses the top tools for your consideration. You can analyze each and choose the one that best fits your needs.

Categorize Content Accordingly 

The human attention span is shrinking. The last thing you want is for your audience to have difficulty in finding or navigating your content, get frustrated, and bounce.

Untagged content can be difficult to navigate and manage. As any marketer knows, content is important in digital marketing campaigns. 

To categorize your content, identify the main categories by topics, themes, campaigns, target audiences, or product lines. Then, assign relevant tags based on the categories you’ve identified. After that, implement a consistent tagging strategy for existing and new content. 

Organizing your content using tags can also help streamline your content management workflow. Most importantly, readers can easily find the content they’re looking for, thereby boosting overall user experience, engagement, and conversions.

Boost Your Email Marketing Strategy

Email marketing remains a powerful marketing tool in today’s digital world. It’s also another area where brands use a tagging strategy to directly reach their target audience.

Use tags to segment your email list and personalize your marketing messages. Then, you can send targeted emails based on factors like purchase history, interests, and demographics. 

Personalization can significantly improve open rates, CTRs, and overall engagement and conversion rates. It’s a simple yet impactful strategy to make your email marketing strategy more effective.  

Plus, you can use tags to track how well your emails perform with each group. This helps you understand what content resonates best with your audience and provides insight on how to improve your emails going forward.

Enhance Analytics and Reporting

Every marketer appreciates the immense value of data. For brands using tagging strategies, tags are powerful tools for gathering valuable data. 

Analyze how users interact with your tagged content. See which tags generate the most clicks, shares, conversions, and other forms of engagement. Gain insight into audience preferences and campaign effectiveness.

This granular data about your marketing efforts allow you to make data-driven decisions, allocate resources effectively, and refine your marketing strategies.

Final Thoughts 

There isn’t a single correct way for brands to use a tagging strategy in marketing. You can use a tagging strategy however you see fit. However, the bottom line is that this strategy offers you a simple yet powerful way to create attention-grabbing and unique marketing campaigns. 

Fortunately, tagging strategies are useful across various marketing initiatives, from social media and email marketing to SEO and more. 

So, if you’re ready to elevate your marketing campaign, build a strong brand presence, and stand out among the competition, consider employing effective tagging strategies today.

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Unveiling the Secrets of Brand Mastery https://www.digitalmarketer.com/blog/unveiling-the-secrets-of-brand-mastery/ Wed, 14 Feb 2024 21:09:38 +0000 https://www.digitalmarketer.com/?p=167150 On your journey of brand building, the foundation is your brand story. It's more than a narrative; it's
the soul of your brand, echoing through every product, service, campaign, and every customer
interaction.

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The Brand Revolution Begins Here

Imagine if a single shift in your approach could revolutionize your brand’s impact. That’s the power of
a meticulously crafted brand strategy. I’m Adrian Boysel, and over the last 17 years, I’ve mastered the
art of brand storytelling, transforming businesses into iconic brands.

In this article, I’ll share insights from my own playbook and reveal how a well-honed brand strategy
can elevate your business from the crowd. You’re not just building a brand; you’re igniting a legacy.
So let’s unravel the secrets to making your brand truly unforgettable.

On your journey of brand building, the foundation is your brand story. It’s more than a narrative; it’s
the soul of your brand, echoing through every product, service, campaign, and every customer
interaction.

It’s about forging an emotional connection with your audience overtime that creates what I call “Blind
Brand Loyalty”. My Purpose Driven Branding Blueprint does exactly that. We dive into the depths of
your brand’s story, exploring its ‘why’, ‘what’, and ‘how’, turning your brand into a living, breathing
entity.

If you are feeling invisible and want to bring your brand’s story to life, consider these three tips: First,
clearly articulate ‘Why’ your brand exists, focusing on the passion and purpose behind your business
idea. Next, define ‘What’ your brand offers, not just in terms of products or services, but in the value
and solutions provided to customers.

Lastly, delve into ‘How’ your brand delivers its promise. This involves outlining the unique processes,
techniques, or approaches that set your brand apart.

As we dive deeper into this article my goal is to take you on a journey and help you lay the foundation
for what will impact not just your own brand but the brands of your clients. I can attribute this process
and the success of my 5000+ past clients, whom I’ve helped generate over $100 Million for since
2007.

Next we are going to cover the “Niche” pillar of your brand, and then finally the Identity pillar. Once
you understand these pillars you will never be able to look at brand strategy or even marketing the
same way again. So let’s jump in and talk about your Niche.

Defining Your Brand’s Niche: Precision in Your Audience Targeting

So, you’ve crafted a compelling brand story, but what’s next? How do you ensure that your brand
doesn’t just speak, but resonates deeply with the right audience? This is where the art of defining
your niche comes into play. It’s about zeroing in on that specific market segment where your brand
doesn’t just serve, but truly connects and thrives.

Identifying your niche means understanding who your audience is, recognizing their needs, and
critically, pinpointing who they are not. This stage isn’t just about market analysis; it’s about carving
out your unique space in the vast expanse of the marketplace.

Who Your Audience Is: Begin by painting a detailed picture of your ideal customer. This is more than just demographics; it’s about understanding their lifestyle, preferences, challenges, and aspirations.

Consider factors like age, gender, income level, education, occupation, but also delve into their hobbies, values, and the social causes they care about. Creating detailed buyer personas at this stage will guide all your future marketing and branding efforts.

A helpful tip for you when it comes to nailing down your audience is the Digital Marketer Content Certification, it contains one of the best trainings on what they call the “Client Avatar Canvas”, I highly
recommend you learn that method as it goes in depth into the demographics, psychographics, wants,
needs, and fears.

Understanding and mapping out the before and after state of your dream customer is where most brands fall short, so make sure you don’t miss this critical step in the process.

Understanding Their Needs: Every successful brand addresses a specific need or desire in the market. What is the unique problem your brand solves? How does it improve your customers’ lives? Understanding these needs isn’t just about the practical aspects of your product or service but also about the emotional outcomes your customers are seeking.

I challenge you to go 7 layers deep into their tangible needs, not just surface level stuff like “Get more leads, get more traffic, or make more sales.”

Think about questions that will take them deeper into what’s driving their behaviors, is a lack of systems, understanding on how business works, or how to communicate in a way that makes people move towards the decision or outcome they want.

Defining Who They Are Not: Equally important is identifying who your audience is not. This helps in ensuring that your marketing efforts are not diluted and are laser-focused on those who will most likely engage with and benefit from your brand.

It’s about exclusion where necessary, to maintain the purity of your brand’s focus and message. Some of the most famous people, and brands would have become obsolete if not for creating content that repelled the type of people that you don’t want to work with.

One of the best examples of that is the brand Lion’s Not Sheep by Sean Whalen. He has been unapologetic in speaking about his political, philosophical, and spiritual, and societal beliefs.

His 7 figure a month clothing brand would not be what it is today if it had not made thousands if not
hundreds of thousands of people during the pandemic upset, Sean’s brand and business grew more from repelling people, getting them to tell people about it, than it did from attracting his dream customers, think about your opposition when you are planning your brand messaging strategy.

To effectively define your brand’s niche, consider these tips:

  • Conduct Market Research: Utilize surveys, focus groups, and market analysis to gather data about your potential customers and their preferences.
  • Analyze Competitors: Look at how competitors in your space define their audience. Identify gaps or areas they might be overlooking that your brand could capitalize on.
  • Align with Your Brand Story: Ensure that your niche aligns seamlessly with your brand’s story and values. Your niche should feel like a natural extension of your brand narrative.
  • Be Flexible: As your brand grows and evolves, be open to redefining or expanding your niche. Stay agile and attuned to market changes and customer feedback. Remember you’re in the business or serving others, being able to know what your market’s pains and challenges are is essential.

By clearly defining your niche, you lay the foundation for targeted and effective branding and marketing strategies. This clarity allows you to create messages, products, and experiences that speak directly to the heart of your audience, making your brand not just seen, but truly understood and appreciated.

Identifying Your Brand’s Archetype

A crucial aspect of crafting a resonant brand identity is identifying your brand’s archetype, it’s a practice I’ve used for nearly 5 years that has single handedly transformed my impact in the marketplace, providing more clarity, and consistency in my marketing messages.

Archetypes are universally recognized themes or characters that resonate deeply with human psychology. They provide a framework for your brand’s personality, shaping how it connects with your audience on an emotional level.

Your primary brand archetype is the main character your brand embodies. It could be the Caregiver, striving to nurture and protect; the Creator, driven to innovate; the Hero, overcoming challenges; or any other archetype that aligns with your brand’s core values and mission. This primary archetype sets the tone for your brand’s narrative, messaging, and interactions with your audience.

In addition to the primary archetype, consider a secondary archetype that complements and adds depth to your brand’s character. This secondary archetype supports and enriches the primary one, offering a more nuanced and multifaceted brand personality. For instance, a primary Creator archetype could be complemented by the Explorer, constantly seeking new ideas and inspiration.

To determine your brand’s archetypes, start by reflecting on your brand’s mission, values, and the emotional connections you wish to establish with your audience.

Consider the following:

  • Assess Your Brand’s Core Values: What are the fundamental beliefs and principles that drive your brand? Align these with the traits of various archetypes to find a suitable match.
  • Understand Your Audience’s Aspirations: What does your target audience aspire to or admire? Choose an archetype that embodies these aspirations to create a deeper connection.
  • Analyze Your Brand’s Storytelling: Look at your brand’s storytelling style. Is it more adventurous, nurturing, rebellious, or wise? This can guide you toward a fitting archetype.
  • Experiment with Combinations: Mix and match primary and secondary archetypes to find a combination that uniquely represents your brand while resonating with your audience.
  • Consistency Across Touchpoints: Ensure that your chosen archetypes are consistently reflected across all brand touchpoints, from marketing materials to customer service.

Identifying your brand’s archetypes is not just about adopting a character; it’s about infusing your brand with a personality that captivates and connects. It’s a journey to discover the heart and soul of your brand’s story, creating a narrative that resonates with your audience on a profound level.

Through this process, you’ll craft a brand identity that’s not only memorable but also emotionally engaging, driving loyalty and affinity among your customers.

Your Mission Matters More Than You Realize

Let’s delve into the essence of your mission statement and the pivotal role it plays in your brand’s culture. Think of your mission statement as the pulsing heart of your brand – a succinct yet powerful proclamation of your brand’s purpose and direction. It’s not just a statement; it’s a rallying cry that unites your customers and team, fueling their passion and advocacy for the vision you’ve set forth.

The process of crafting this statement is more than mere wordplay; it’s a deep dive into the core of
your brand, capturing its aspirations and reason for being. A well-crafted mission statement is your brand’s guiding star, illuminating the path for every decision and action, ensuring they all lead back to what your brand truly stands for.

Start by reflecting on the core objectives of your brand. What change does your brand seek to create? What are its aspirations? This should not just be about the products or services but the broader impact your brand aims to have on its customers and the world.

Consider the emotional and inspirational elements of your brand. A mission statement should resonate emotionally with your audience, inspiring them to connect with your brand’s journey. It should be a beacon that guides every business decision and customer interaction.

Keep your mission statement clear and concise. It should be easily understandable, memorable, and powerful enough to evoke a sense of purpose both within your team and amongst your audience.

Steps for Crafting Your Mission Statement:

  • Reflect on Your Brand’s Purpose: Delve deep into why your brand exists beyond making a profit. This could be about making a difference, solving a specific problem, or offering an exceptional experience.
  • Incorporate Your Unique Value Proposition: Highlight what sets your brand apart. What unique benefits does your brand offer? How does it improve the lives of your customers?
  • Seek Feedback: Once you draft your mission statement, get feedback from team members, trusted clients, or mentors. This can provide valuable insights and perspectives that might refine and strengthen your statement.

Solidifying Your Brand’s Identity: The Power of Core Values

Have you ever wondered what truly anchors a brand in the minds and hearts of its audience? It’s the core values. These foundational beliefs and guiding principles are more than just words on a page; they are the essence of your brand’s identity, shaping every interaction and decision.

Your brand’s core values act as the steadfast pillars supporting its mission, ensuring consistency and integrity in all aspects of your business, from internal culture to customer engagement.

These core values serve as a compass, guiding your brand’s journey and ensuring that every step taken aligns with the fundamental principles you stand for. They are the commitments that breathe life into your brand, making it relatable, trustworthy, and authentic in the eyes of your audience.

Define values that truly resonate with the essence of your brand. They should be more than just words; they should be commitments that are lived out in every aspect of your business, from internal culture to customer interactions.

Ensure that your core values are evident and consistent in all your brand’s touchpoints. This consistency fosters trust and credibility among your audience.

Steps for Defining Your Core Values:

  • Identify Key Beliefs and Principles: Consider the beliefs and principles that are non-negotiable for your brand. These could range from quality and innovation to sustainability and community involvement.
  • Reflect on Your Brand’s Personality and Culture: Your values should mirror the personality of your brand and the culture you want to cultivate within your organization.
  • Involve Your Team: Include your team in the process of defining these values. This ensures a more comprehensive and inclusive perspective and fosters a stronger commitment to these values.
  • Communicate and Demonstrate Your Values: Once defined, communicate your core values clearly to your audience. More importantly, demonstrate them through your actions, decisions, and how you run your business.

Bringing Your Brand’s Identity to Life

Your brand’s blueprint is a tapestry woven from your story, niche, and your identity. It’s a comprehensive narrative that defines who you are, what you stand for, and how you engage with the world.

Remember, your brand’s identity is dynamic, evolving as your business grows and the market changes. Regularly revisit and refine these elements to ensure they stay relevant and true to your brand’s journey.

As we conclude this journey, I invite you to delve deeper into the art of brand building. Join me in a comprehensive journey where we fine-tune these elements, crafting an identity that not only stands out but also resonates deeply with your audience.

‘A great brand is a story that never stops unfolding.’ -Adrian Boysel”

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Striking the Right Balance Between Business Branding vs. Personal Branding https://www.digitalmarketer.com/blog/business-vs-personal-branding/ Mon, 02 Oct 2023 18:51:35 +0000 https://www.digitalmarketer.com/?p=166614 In the social business world, your name can be leveraged as your personal identifier across myriad social media sites as well as your monetized business brand.

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Businesses come and go. But your personal name, that’s another matter altogether. In the social business world, your name can be leveraged as your personal identifier across myriad social media sites as well as your monetized business brand. 

In creating a new business or online presence, one of the toughest decisions you may make is whether to establish your social business brand by your personal name or a fictitious “DBA” identity, such as a catchy word, phrase, or slogan.

It’s hardly a trivial decision, especially considering your online identity eventually will sprout hundreds if not thousands of backlinks which will need to be well-tended if you decide to do a digital makeover at a later date.

Confused on what to do? Join the club. Do you drop whatever you are doing right now, rush over to GoDaddy, and immediately reserve your-personal-name-dot-whatever, or stake your branding claim on a hot potential digital DBA?

Luckily others have already been down this path. They can offer a variety of business perspectives and advice on the question of building a business brand based on a personal name vs. a domain that can grow and expand into a free-standing business that extends beyond the individual and might someday deliver a lucrative buyout offer that tracks with a business plan exit strategy.

From Startup to Digital Enterprise: DBA Scales

The biggest advantage to going DBA or brand versus your name is that the blog/brand/company can evolve into something much bigger and more valuable than one person’s perspective.

It can grow into a company, media outlet, etc., that can be monetized, bought, sold and so on. Mashable has grown into a powerful media outlet. It wouldn’t have done that if it were just its founder’s personal name, as an example.

The Business Persona and the Person

If you work for another business, you’ll have to consider the delicate balance of marketing your personal brand alongside your business.

I started out with a blog name that combined the industry and my own name (SEO and Smarty). I’ve certainly thought about the potential for a more topic-focused name over the last few years, but ultimately this started out as something for me, to explore my interests and help me learn, and I’ve been thoroughly happy with the way that it has worked out.

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What if your business fails? The hard facts are that, depending on the study, 50-60 percent of new businesses close in the first year; upwards of 80-90 percent go under within five years. You can dispense with a DBA given a few forms and some signatures. Not so easily done if your brand is your personal name and now a business liability.

From personal experience, it has always been important for my marketing strategy blog to be tied directly to my personal brand. I’ve launched several startups over the last 20 years and my work through the blog has really helped to build my personal brand through thought leadership and has resulted in continued trust with my community. As a result, every business I’ve developed has become a trusted resource, based on my personal brand and reputation.

People Buy from People

The social web offers a unique opportunity to humanize your brand and create a personal connection to customers. How do you create engagement and attachment to a logo? Be human.

Perhaps a morphed version of your personal name and a DBA is the digital sweet spot. If you’re still not sure which way to go, personal vs. DBA for your social business objectives, pay heed to this action list:

1. Lock Your Personal Name Now

Even if you never plan to use your personal name, it’s still prudent to reserve your domain just in case. Locking your personal name everywhere is also important for privacy and online identity. Read any of Hari Ravichandran’s books to get a better understanding of privacy issues these days. He has gone a long way in protecting his personal brand, so he knows what is talking about.

With an open or public profile, your personal information becomes easily accessible to anyone, potentially leading to identity theft, stalking, or misuse of your data. By locking your profile, you regain control over who can see your posts and interact with you, ensuring that only trusted individuals have access to your personal information. 

This precautionary measure helps maintain a safe and secure online presence while allowing you to enjoy social media without compromising your privacy.

2. Consider the SEO Implications

If your goal is to grow your personal brand name, register your domain name as well. Search rankings are enhanced if your real name matches your domain name. On a personal branding level, you have a greater ability to influence what people see when they search for your name. My personal site has long been neglected, and yet it still ranks for my name on top of my more actively maintained columns on more powerful domains. That’s the power of domains:

Additionally, a personal name domain is great for authors in pursuit of book deals and speaking gigs, even though it may not scale to an enterprise-level application. Who are we hiring?Your decision will rely on your plans for your future venture. It is a good idea to find a business name that has something in common with your personal brand. Namify is a great tool for that type of decision-making, and it has very cheap domains, so it is not going to be a huge investment.

It is also a good idea to research your niche associations and keywords when you come up with a business name because it needs to trigger topical connotations, so it’s not just your personal name it relies on. Your potential customers and leads need to quickly guess what your business is about by looking at your brand name or domain. Text Optimizer is a great tool for that:

Consider the Future

If you brand your business venture in your personal name, clients may expect to always work with you, not members of your team. 

Part of your job will be to continually sell trust in your associates. Bait-and-switch doesn’t work; you will have to show up at the table. This will reflect on your customer relationship-building strategy in a big way. When you try scaling it, using technology like AI chatbots or IVR, you will inevitably face an issue of your customers willing to talk to you personally because that’s exactly how they discovered your company. It will be exhausting down the road.

It’s All About the Balance

Over the course of a career, you may transition from a consultancy based on your personal brand to a full-time corporate job and then back to a solo business. You never know when an opportunity may completely change your career course. It’s important to create a plan for your personal marketing and make sure you’re in sync with your business or employer.

The consensus on personal name vs. DBA probably errs on the side if you can never have enough domains in your basket of brands. 

If you rely on your real name, you may never be able to sell your flagship site, but you will be able to leverage your personal identity to project the all-important “human” side to every new business venture you launch under your personal umbrella.

On the other hand, if you start with both (your personal brand and a matching business entity) and have the energy to develop both alongside each other, you may end up with a stronger presence and more visibility. That’s the route I once took and I have no regrets!

The post Striking the Right Balance Between Business Branding vs. Personal Branding appeared first on DigitalMarketer.

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Do You Know Your Branding Basics? Think Again https://www.digitalmarketer.com/blog/branding-basics/ Thu, 03 Aug 2023 19:59:51 +0000 https://www.digitalmarketer.com/?p=166148 We recently had Stæven Frey, the Chief Brand Scientist and Founder at Quantum Branding join us on the DM Podcast. He now joins us as he shares the BrandScience™ of how branding works in this 5-Part Series exclusively for the Digital Marketer Community.

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There is no topic in business and marketing bigger than the topic of branding. 

When you Google the term “why is branding important,” you’ll find an abundance of resources that stress the importance of understanding and investing in branding for your success. In the majority of these resources, there are also vague references to terms like brand value, brand equity, and consumers’ minds and hearts.

You’ll find the topic seems to somehow encompass everything from mission, vision, and values, to colors, fonts, and messaging. The topic somehow does everything, doesn’t it?

As you continue to investigate, you’ll discover that Investing in branding really matters. In today’s digital, post-covid marketplace, brand leaders all seem to know that harnessing the power of world-class branding is critical for success. But how?

Every day you can read stories about the missteps of recent brands like Twitter, who under the leadership of an unguided leader, unhinge years of brand equity, meaning, and value, completely missing the customers they exist to serve. Twitter’s brand was so engrained into culture that even the word “tweet” was added to the dictionary. We immediately know the missteps of bad branding when we see it, don’t we?

I’ve seen firsthand and can attest to branding’s power, personally and professionally, for both good and bad. Working as a Brand Scientist, I’ve had the opportunity to work with over 150 major brands in 65+ categories, putting 500+ SKUS into the marketplace, and collaborating with small startups from $30K to $30B bluechip companies. It’s one of the things I’m most passionate about, love discussing, and love sharing knowledge on. 

While most marketers will tell you that branding is important, only a few know why.

For the customer, branding is a tool that helps them navigate choices in the category, create perceptions, and influence behavior.

As a company, there’s nothing more important than influencing behavior to drive sales, and branding does exactly that.

Branding ultimately makes it easier to sell, easier to buy, and easier to build brand equity in your category.

Yet, who is branding for, and when do you do it? 

Branding is for Everyone

It doesn’t matter what age and stage your business is either. Whether you’re a—

  • a founder with an idea, trying to get a proof-of-concept and raise capital
  • a nascent and budding brand launching into the marketplace
  • a pubescent growing brand launching new products and trying to get category growth
  • a middle-aged, established brand constantly working to scale and become an authority or
  • a declining legacy brand trying to stay relevant, redefine its mission, and stay in the game and need to pivot quickly,

There’s nothing more critical to the success of your business than strong branding that connects with your consumer, helps deliver the product/service experience, and creates a relationship.

Wow. This topic somehow does everything, doesn’t it?

The Dark Side of Branding

But guess what—there’s a dark side to branding too. Maybe you’re familiar.

While the topics of branding and everything it contains feels shiny, beautiful, and lucrative, there’s nothing quite as subjective, nebulous, and frustrating as branding.

To quote the kids at the end of each episode of Reading Rainbow, ” –”Don’t take my word for it.” 🎶 bah dum bum 🎶

Here are a few people we could ask more about this.

Here are a Few People We Could Ask

If you’re curious about the dark side of branding, just ask CMOs, agency leaders, and business owners about their experiences with the process and why it’s lost its lackluster.

Ask the CEOs and CMOs about their experience and the daunting task of rebranding. They would tell us about the difficulty in trying to communicate with senior-level stakeholders, internal teams, and customers while managing everyone’s voices being heard. They’d share about the incredible efforts it takes, the pressure it creates, and the expectations of getting it right. How long is that supposed to take? One month? One year? How do you get it right?

Ask the Agency Leaders

We could ask agency leaders when they’re faced with the task of educating and selling branding packages to their clients. They would tell us about the challenges of trying to communicate the need for effective branding to their clients. They also share how they struggle to get clients to pay a premium price for the service and how much the customer struggles to even understand.

They’d tell us about how they cringe and never want to put the clients’ ugly brandmark on the slick, new, beautifully-responsive, cutting-edge website. They could share with us how the client wants the old branding with the new website and doesn’t see any disparity between the two. What do you do?

Ask the Business Owners

We could also ask small business owners who are trying to navigate their marketing when faced with the task of brand/rebrand. Ask them about the three wildly different quotes with three extreme price points from three completely different perspectives from three completely different agencies.

They’d tell us that when talking to marketing agencies, they get several proposals ranging anywhere from $2500 to $25,000 and beyond, feeling unjustified and dishonest. They would share with us how It feels unsettling, frustrating, and slightly deceptive, but they’d also tell you they often pick the middle package.

Aren’t they supposed to be comparing apples to apples? If so, then why such a price difference? And why such a difference in approach? Why don’t branding proposals ever feel remotely similar? What’s that all about?

Ask the Rest of the Us

Lastly, ask those of us who have hired agencies to create a marketing plan for us. We’d tell you about how the agencies return to create a brand style guide and provide services that weren’t what you signed up for.

We could discuss the horrible taste left in our mouths by the majority of professional fellow marketers and their branding process in general.

What’s Happening Here?

It seems like there’s a breakdown happening.

Our professional definitions aren’t the same, and it shows.

We would all agree there tends to be an incredible disagreement among professionals on the definitions, the quality, and the execution of branding. Not only are our definitions of branding vastly different, but our levels of understanding, meaning, and expertise are all at different levels. This certainly doesn’t help.

We would all agree there tends to be an incredible disagreement among professionals on the definitions, the quality, and the execution of branding.

Not only are our definitions of branding vastly different, but our levels of understanding, meaning, and expertise are all at different levels. This certainly doesn’t help.

Although marketing professionals out there are trying to do a good job, these definitions are simply not good enough. Just look at the results. Maybe you identify with one of these people above? What frustrations have you had?

Branding. What is it Then?

Branding is kind of like love.

Just track with me for a minute…

We know it’s important, and we want to see it flourish everywhere, but when it comes down to it, no one ever has offered a set definitive standard on what “it” (love) actually is.

To quote bell hooks, “ Everywhere we learn that love is important, and yet we [get] bombarded by its failure.” Similarly, I’d modify the quote to say that “everywhere we learn that [branding] is important, but we get bombarded by its failure.”

The examples about the dark side of branding summarize a snapshot of the hundreds of stories I’ve heard over the years. Every day I hear hurt business owners, frustrated marketing practitioners, and disheveled agency leaders who are furious with their experience with branding, where it’s gone wrong, and where it’s missed its proverbial mark.

Furious at the experiences with those who are performing it. Furious with the results later that don’t measure up nor create the intended results.

You better believe it puts a lot of pressure on the next guy to come along. That’s usually me.

Even if that’s not been you, we both can agree we’ve seen some pretty bad branding out there. Stuff that completely misses the assignment. We KNOW it’s supposed to be good, but it doesn’t measure up.

Yet, when it’s good branding, do we notice it? How do you know? How can you break down the formula to emulate?

We’d like to think we do. Perhaps that’s the secret? Is good branding truly invisible?

Bad Branding is Everywhere.

Like the adage, ” Bad design is everywhere, good design is invisible.”

“While we know good branding is important, no one can seem to agree why. If we could all agree on what good branding is, we’d all have it, right?”

While we know good branding is important, no one can seem to agree why. If we could all agree on what good branding is, we’d all have it, right? If this was true, we wouldn’t be taking the latest workshops, reading the latest books, and fervently trying to apply frameworks to our marketing ecosystem again and again, would we?

Modern Snake Oil

I’m not alone in this either.

Please say you know what I’m talking about.

The latest New York Times best-selling author gone marketing guru comes along, you get on their list, you attend a webinar, you get their book, buy their course, and maybe even go to their workshop. 

You think This is the one.”

You spend countless hours and dollars are spent overhauling your marketing. 

You simplify and re-teaching your teams the mantras, and the new philosophies: 

“The way of the purple cow, the immutable laws, the hero framework, the simplified message, the passion conversation, the 6 keys, the decoded message…” They go on and on.

Then what happens? It seems to be working.

Or it seems to.

Everyone gets excited. We have forward momentum. The team gets excited, our marketing has clarity, and it seems like everything is moving forward. This is what we needed, surely.

What are We Getting?

It works OK for a while. But then technology, the economy, the customer, or the market changes, and it all falls apart. Then back to square one.

But, like the weight-loss programs or Sex Panther cologne, the results aren’t typical. 20% of the time, it works every time.

Akin to the Emperor’s New Clothes, you wind up with a solution that’s not based on your business. You wind up with one of a few things:

  1. Something based on trends—what is hot right now, someone’s opinion of clever, sharp, and “now.” Everyone else is doing it?
  2. Something based on their “experience”—how could they be wrong? They’ve been doing this for a long time? They must be right!
  3. Something based on personal choice. Whether it’s your choice, the designers, or the client’s (e.g. “I like blue, I hate circles”), the preferences are subjective. They’re also not based on your business. What could go wrong?
  4. Something that’s a combination of the three. That’s a recipe for disaster.

Most professionals walk away from this experience, wondering, “Maybe it was just me.”

“Maybe I didn’t try hard enough.”

Maybe we didn’t “implement the hero’s journey framework into the archetype correctly,” and “simplify the avatar enough based on the messaging model.” The cow needed to be more violet.

Let’s Ask One More Person to Ask About the Dark Side of Branding

There’s one last person we need to ask about the Dark Side of Branding.

Maybe this is you. Let’s ask all those left behind in its wake.

Let’s ask the workshop-attending, course-purchasing, guru-following students of the modern, digital age

I would ask these marketers about the workshops they’ve attended, the conference tickets they’ve purchased, the masterminds they’ve joined, and how many different frameworks they’ve learned over the years. I’d ask about the tools they’ve had to implement into their marketing system. The constant up and down of the team morale, and the constant pressure of asking internally “Am I doing this right?”

Then, like the ADHD squirrel-loving, marketing addicts we all are, we move on to the new, the newer, the newest, marketing framework. The shiny, Shinier, SHINIEST, thinking, “This must work, it’s new—it’s cutting edge, right?”Man, belief sure does outweigh truth sometimes. Why is that?

Stop Learning from the Back of the Bus

As a kid in middle school, the back of the bus was where the cool kids sat. They had a palpable authority that drew you towards them. You coveted them. These kids were cool and we wanted to know what they had to say. More importantly, we wanted to belong and  be PART OF THE CONVERSATION, part of the club. We simply wanted to be around them, learn from them or even become cool, if only via proxy.

The back of the bus is one of life’s first media platforms, the original social network. This is where you learned about the birds and the bees, cuss words, and other things that adults didn’t tell you (or so we believed). All the things you probably got in trouble for as a kid could be traced back to the influence of the back of the bus. 

For some reason, no one taught us about these topics directly in an age-appropriate, authoritative way. If they did, it was tossing you the Children’s Encyclopedia Brittanica—which was not very approachable either.

“When it comes to learning about branding, it seems like we’ve all been learning from the “back of the bus.”

When it comes to learning about branding, it seems like we’ve all been learning from the “back of the bus.”

I don’t know about you, but I’m tired of the infomercial-style marketing gurus out there making a buck and not having any skin in the game on my behalf. They’re the cool kids on the bus for sure, but not there when we get in trouble either.

When your business is on the line, where are those experts?

Nowhere. Not in your dugout.

They’re not in the trenches of your business, that’s for sure. Instead, they’re teaching everyone else their framework—which THEY made up. Of course, they’re doing the best they know how, but still aren’t very authoritative. It only was because you thought it was, putting all your eggs in someone else’s basket.So we know good branding is important, but no one can seem to agree. Which brings us to a really big question. What is good branding?

So What is Good Branding?

Don’t you wish there was a science to the madness?

Don’t you wish there was something authoritative, true, and foolproof?

Something that you can count on, can measure, analyze, and know for certain?

I’d like to offer you a hopeful reprieve from the constant madness.

THERE IS.

As a Brand Scientist at Quantum—an evidence-based Branding Agency based in Nashville, Tennessee, I spend my days working on the science of what makes effective branding as effective as possible. Similar to a coffee master or sommelier, I’m a resident expert for brands on their branding using science as the lens for growth.

I do this by breaking apart, analyzing, critiquing, and helping build better brands through a proven process based on science.

It’s my job to help brands diagnose, assess, and create the most effective branding possible. I use the evidence-based metrics of scientific areas of study. I call this BrandScience™ the proven science of how brands grow and sell.

When I recently appeared on the DigitalMarketer podcast with Mark deGrasse, he asked me to come back and record a follow-up episode. He also asked if I’d be willing to share my empirical view of what branding is with the DigitalMarketer community. In doing so, start a dialogue of how we each can make our areas of marketing most effective.

Why Does BrandScience Matter?

There are so many types of marketing out there. Digital, social media, content, e-commerce, email, paid traffic, paid search, analytics and data, optimization and testing, copywriting, or community just to name a few.

“Regardless of the marketing you do, one constant thread binds all these forms of marketing. These marketing activities are only as successful as their implementation of branding within them.”

Regardless of the marketing you do, one constant thread binds all these forms of marketing. These marketing activities are only as successful as their implementation of branding within them.

This means, if your branding isn’t of superior quality, no amount of marketing efforts can help It.

Most of us know that we must deploy effective branding, but how? We think we know the why: To make our companies grow, drive profits, and help make sales, right?

What if that’s the wrong answer? What if—by not knowing what you don’t know— you’re missing incredible, low-risk opportunities to help your brand grow?

What if you could get where you want faster than you are now?

I’m excited to share my knowledge of the science of branding in a series of articles with you. It’s my goal to help you understand the impact effective branding can have. Most importantly, I want you to get further, faster.

  • What if you could get to where you dreamed about sooner?
  • What if you launched that new product and it sold like hotcakes?
  • What if you could grow and scale your business into being the leading authority in your product/service category?

This is all possible with effective, evidence-based branding.

No matter if you’re a Founder, C-Suite leader, agency leader, marketing practitioner, small business owner, entrepreneur, solopreneur, or agency leader—there’s something about branding that will help you right now.You’ll be amazed by how real, practical, concrete, and succinct we get in our exploration of branding. We’ll look at what it is, why it’s important, how it works, and how to ensure you’re doing it correctly—scientifically speaking.

Get Ready for a 5-Part Series on Branding

In this series, we’ll be looking at what exactly branding truly is, from a definitive approach based on science. The stuff we’re talking about is REAL, not made up.

“In this series, we’ll be looking at what exactly branding truly is, from a definitive approach based on science. The stuff we’re talking about is REAL, not made up.”

My friend Nathan—who is a librarian and university news collection curator asked me specifically “Are you using the word evidence-based in your article?” (Yes, Nathan, five times and counting).

There are currently 13 different areas of evidence-based metrics I use in the deployment of BrandScience. I’m always searching the depths of neuroscience, marketing science, cognitive psychology, and the worlds in between to help ensure YOUR BRANDING is more effective.

These are evidence-based proven metrics and evaluative tools that ensure that we’re talking about the real thing— not mythological padawan frameworks and violet bovine principles from the latest workshops or people from the back of the bus.

What Can I Expect?

There are a few topics that you can expect to read about (e.g. colors, fonts, etc) and some other ones that may surprise you. Like “Sequence of Cognition” and “Semiotics.” We’ll even discuss insights relating to the human mind, as well as  reimagine some classic terms like “customer avatar” and “content strategy.”

Together we’ll look at things like:

  1. What is Branding?: How it Scientifically Works
  2. The Biggest Branding Myths You May Be Making
  3. What Is Branding Truly Supposed to Do?
  4. When Do You Build Your Brand?
  5. How Do I Bring My Brand’s A-Game?

These are just a few questions that scratch the surface of the world of BrandScience.

What’s In It for Me?

Once, a professor told me that adult pedagogy (learning) isn’t the same as children, and instead, that adults only listen to WIFM Radio.

I’d never heard of this.

“Please tell me, what is WIFM? I’ve not heard of this station.”

He said ” “What’s In It For Me?” Meaning, most of us only learn when we want to, have to, or need to.

Since you’re part of the DigitalMarketer community, I hope this is an opportunity to learn because you WANT TO. If you need to or have to, that’s ok too—so we’ll make sure no one is left behind.

Regardless of why you’re tuning in, I’m glad you’re here. Here’s why.

As a result of reading this series, you’ll learn some incredible BrandScience Foundations that will allow you to:

  • Make it easier for your marketing to be effective, helping you become top of mind in customers’ minds.
  • Make it easier for your team to deploy your marketing
  • Understand the laws that govern brand growth so you can deploy them every day
  • Learn effective brand strategies that drive sales and marketing together.

Are You Ready to Find Out How Branding Scientifically Works?

Are you ready to find out how branding works scientifically so you can implement it in your brand? I hope so!

If so, buckle up, and prepare for a wild ride. I can’t wait, can you?

Yes, this is wild.If you don’t believe me, check out the DigitalMarketer podcast episode #338.

This episode is an incredible primer for everything we’re going to dive into in this series. It’ll give you a taste of the excitement I have. Not to mention, a glimpse of the results that it can create for you and your brand.

I can’t wait to share with you truly what effective, authoritative branding is that you can implement in your business immediately.You can even get a head start on your journey, by watching this video here.

P.S. What questions do you have?

What are your biggest branding challenges?

I hope to answer them and many more in each of these articles. And I hope to spark a lot more questions too.

Send me your biggest challenges, questions, and thoughts by hopping on over to my Link Tree

There you can email me directly with your biggest challenges as we address them together in this series.

The post Do You Know Your Branding Basics? Think Again appeared first on DigitalMarketer.

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Barbie Movie Boosts: How the Barbie Movie Redefined Brand Marketing https://www.digitalmarketer.com/blog/barbie-movie-redefined-brand-marketing/ Mon, 24 Jul 2023 20:47:15 +0000 https://www.digitalmarketer.com/?p=166061 Graphs can help to visualize complex data sets and identify patterns that may not be immediately apparent when looking at raw data.

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In 2023, the renowned toy company Mattel, famous for creating the iconic Barbie doll, faced challenging times amidst a competitive market. However, a recent development has the potential to reshape the company’s trajectory and revitalize its brand presence: the release of the much-anticipated Barbie movie. This article explores how this cinematic venture has impacted Mattel’s stock performance and discusses the potential implications it may have for the company’s survival.

Overview of Mattel & the Barbie Brand 

Mattel is a globally recognized toy company that has been a pioneer in the industry for decades. Established in 1945, the company quickly rose to prominence with its innovative and beloved toys. However, its most iconic creation, the Barbie doll, was introduced in 1959.

Barbie became an instant cultural phenomenon, capturing the imagination of millions of children worldwide and setting a standard for fashion dolls. Over the years, Barbie has undergone various transformations, adapting to changing times and promoting diversity and inclusivity

Despite these efforts, Mattel faced challenges in recent years, struggling to keep up with digital entertainment and other competitors.

Mattel’s Struggles & Stock Performance

In the early 2020s, Mattel experienced various setbacks that impacted its financial performance and stock value. 

With the rise of digital toys and entertainment options, traditional toy manufacturers faced stiff competition. Mattel’s revenues were affected as children’s play patterns shifted toward online gaming and virtual experiences. 

The company also faced difficulties with supply chain disruptions and rising production costs. These challenges culminated in a decline in Mattel’s stock performance, raising concerns about the company’s ability to stay relevant in an evolving market.

Mattel Reports First Quarter 2023 Financial Results

Mattel’s Second Quarter 2023 financial results will publish on Wednesday, July 26, 2023.

The Barbie Movie: A Cinematic Triumph 

To rejuvenate the Barbie brand, Mattel embarked on an ambitious cinematic venture – the release of a Barbie movie on July 21, 2023. The movie promised a fresh take on the iconic doll, featuring a compelling storyline and modern themes to resonate with today’s audiences.

Leading up to the premiere, even Google got all dolled up for this star studded movie of the summer, turning shades of pink for the brand’s famous color scheme. As the film hit theaters, it garnered widespread praise from both critics and viewers alike. 

The film exceeded all projections, grossing an impressive $155 million during its opening weekend in domestic markets and an additional $182 million internationally. The movie’s tremendous start was fueled by $22.3 million in previews on Thursday, making it one of the top 25 all-time preview performances and securing the highest opening of the year.

Comparing Barbie’s performance to other recent releases, it outshined the Super Mario Bros. Movie, which had a $146.3 million weekend but also benefited from a $58.2 million gross on Wednesday and Thursday, resulting in a $204.6 million five-day start.

Barbie’s remarkable Friday, combined with Wednesday and Thursday figures, totaled $70.5 million, setting a new record for the highest Friday (including previews) opening of the year.

What makes Barbie’s triumph even more noteworthy is that it boasts the best opening ever for a film co-directed or directed solely by a woman. Notably, both Captain Marvel ($153.4 million) and Frozen II ($130.2 million) had male co-directors, whereas Barbie stands as a pioneering example with a female solo or co-director.

This marks only the second time in cinematic history that a solo female director has achieved an opening weekend gross of over $100 million, with the other instance being Patty Jenkins’ Wonder Woman ($103.2 million).

The Barbie movie’s success was attributed to its captivating storytelling, stunning visuals, relevant play on nostalgia and positive messages promoting empowerment and self-expression. Not to mention all the city wide press this movie has created. 

Market Reaction and Stock Surge

Following the movie’s release, Mattel experienced a significant surge in its stock value. Investors responded positively to the success of the Barbie movie, recognizing it as a game-changer for the company’s prospects. The rise in stock value was not only indicative of renewed investor confidence but also a testament to the movie’s ability to revive the brand’s allure and profitability.

Barbie’s Appeal to Adult Audiences

The Barbie movie unexpectedly found a substantial audience among adults. Beyond its traditional target demographic of children, the film resonated with older viewers, including nostalgic adults who grew up with Barbie.

The movie’s ability to evoke a sense of nostalgia and connect with adult audiences created an unexpected marketing advantage for Mattel. This newfound appeal among adults potentially translated into increased interest in Barbie-related products and memorabilia.

Expanding Merchandising Opportunities

The success of the Barbie movie opened up new avenues for Mattel to capitalize on merchandising and licensing opportunities. With the movie’s characters and storyline capturing the hearts of audiences, Mattel had an opportunity to introduce a wide range of spin-off products and tie-ins. 

Collaborations with other companies for limited-edition Barbie merchandise, such as clothing, accessories, and collectibles, provided an additional revenue stream and reinforced the Barbie brand’s relevance.

Impact on Mattel’s Future Strategy

The triumph of the Barbie movie significantly influenced Mattel’s future strategic decisions. The success of the entertainment-driven approach demonstrated that storytelling and engaging narratives were vital components for the company’s product development. Consequently, Mattel might prioritize partnerships with filmmakers, screenwriters, and animators to create compelling content that goes beyond just physical toys.

Marketing Lessons from Mattel’s Barbie Movie Campaign

The release of the Barbie movie in 2023 marked a turning point for Mattel, reviving the company’s brand image and stock performance. The success of the film not only brought renewed interest from children but also unexpectedly resonated with adult audiences, further bolstering the Barbie brand’s status. 

With this newfound momentum, Mattel now has a unique opportunity to leverage the success of the Barbie movie to explore new horizons and ensure its survival and success in the ever-evolving toy industry.

Take Action

  • Understanding the Power of Brand Nostalgia: Mattel tapped into the nostalgia associated with the iconic Barbie brand, resonating not only with children but also with adults who grew up with the doll. Marketers can leverage nostalgia by revisiting and reimagining their brand’s heritage to evoke emotional connections with their target audience.
  • Effective Audience Segmentation: The marketing campaign demonstrated a deep understanding of its target audience, recognizing both children and adults as potential consumers. Businesses should segment their target audience effectively to craft tailored messages that address specific needs and preferences.
  • Leveraging Cross-Platform Promotion: Mattel maximized the impact of its marketing efforts by employing cross-platform promotion. Businesses can learn to integrate their campaigns across various channels, such as social media, television, print, and online advertising, to reach a wider audience and reinforce their brand message.
  • Inclusivity and Diversity in Storytelling: The Barbie movie emphasized themes of empowerment and inclusivity, promoting diverse representations of characters. Marketers can learn from this approach and incorporate diverse and authentic storytelling that reflects the varied experiences and backgrounds of their audience.
  • Building Anticipation with Previews: The use of previews to create buzz around the Barbie movie generated excitement and anticipation. Marketers can apply this tactic by offering sneak peeks, teasers, or exclusive content to build anticipation for their product launches or events.
  • Collaborating with Influencers and Partners: Mattel collaborated with influencers, celebrities, and other partners to amplify the movie’s reach and create additional hype. Businesses can explore partnerships with influencers and other brands to extend their brand visibility and tap into new audiences.
  • Emphasizing Female Leadership: The success of Barbie, directed by Greta Gerwig, highlighted the impact of female-led projects. Businesses can embrace gender diversity and empower female leaders within their organizations, signaling their commitment to inclusivity and equality.
  • Storytelling as a Central Element: The Barbie movie’s success was driven by compelling storytelling that resonated with the audience. Marketers can prioritize storytelling in their campaigns, creating narratives that connect emotionally with consumers and elevate their brand message.
  • Measuring and Analyzing Results: Mattel’s campaign likely involved thorough monitoring and analysis of marketing efforts, allowing them to optimize their strategies. Marketers should invest in data analysis and performance tracking to measure the success of their campaigns and make data-driven decisions.
  • Building a Comprehensive Merchandising Strategy: The success of the Barbie movie extended beyond the film itself, with a robust merchandising strategy. Businesses can learn to capitalize on their campaigns by offering related products and tie-ins to enhance brand exposure and generate additional revenue streams.

By drawing inspiration from Mattel’s successful marketing campaign for the Barbie movie, businesses can apply these valuable lessons to enhance their own marketing strategies and ultimately achieve greater brand impact and success.

The post Barbie Movie Boosts: How the Barbie Movie Redefined Brand Marketing appeared first on DigitalMarketer.

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