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By Kevin Nathanson

Sponsorships and partnerships are evolving to inspire brand loyalty and advocacy.

In 2003, said, “People will forget the things you do, and people will forget the things you say. But people will never forget how you made them feel.” It has been almost two decades, but it seems that sponsorships and partnerships have started to listen to Maya Angelou. The nature of sponsorships has evolved.

Sponsorships bring brand awareness

At the origin, we have sponsorships, such as when pay a large fee to have the naming rights to a given property. Think of MetLife Stadium. There is not much brand alignment if you think about it. What does MetLife have to do with professional ? Not much. But the naming right provides the brand, in this case MetLife, an immense amount of brand awareness. Yet awareness is all the brand gets. So, when looking at the brand funnel — which begins with awareness, and goes to consideration, purchase intention, , and ends with brand advocacy — only getting awareness isn’t ideal.

Partnerships build a deeper connection

Then, we began to see a transition toward traditional partnerships. This is when the marketing world started to heed Maya Angelou’s advice. Like sponsorships, there is typically a large fee involved. With partnerships, however, the occurs more deeply, allowing the brand to receive both awareness and consideration from their partnership. Think of and the . Microsoft paid a large fee to be associated with the NFL and is seen by millions of viewers on the side-lines being used by professional coaches and athletes to improve the game of football. Consumers see the brand, and if they believe the brand improves the game they are likely to consider it. This goes a step beyond a normal sponsorship. Microsoft, in tandem with their partnership, launches campaigns to deepen their connection with the consumer. If you haven’t seen Microsoft’s Create Change campaign, you should. It details how Microsoft is used to help young children transition out of the hospital to at-home living, while still getting the attention and care they need. The campaign focuses on NFL player Greg Olsen and his child, and how Microsoft’s technology impacted their lives. This deeper emotional connection, in tandem with the partnership, leaves an impact on consumers.

The future of partnerships: experiential marketing and beyond

Going even further, we are starting to see the emergence of non-traditional partnerships. Unlike their predecessors, non-traditional partnerships have brand alignment and often have no fee involved — or at least the fee is not the focal point of the deal. At their core, there is a value exchange where each brand leverages the other’s IP to raise both of their brands’ value. A unique aspect of non-traditional partnerships is that their cultural relevance unlocks brand loyalty and advocacy. Think of Microsoft and . More specifically, Microsoft and Stranger Things season three. Stranger Things celebrates unlikely heroes who have the power to change the world but just don’t know it yet. Microsoft’s brand purpose is to help people unlock their potential. The brand alignment is there. Microsoft launched “Camp Nowhere” at all of its stores, offering STEM workshops for children using Microsoft’s technology. If you don’t know “Camp Nowhere,” it was made famous in Stranger Things. This partnership campaign utilized multiple touchpoints, storytelling, and a brand-new event. It elevated both brands’ images and helped kids everywhere feel seen. Consumers wanted to go to Camp Nowhere, watch Stranger Things, and use Microsoft products. It provided Microsoft and Netflix not only with brand awareness and consideration but also with purchase intention, brand loyalty, and brand advocacy.

If more brands want to take their target market through the entire marketing funnel, they should listen to Maya Angelou and look for non-traditional partnerships to leave a mark on consumers’ minds, hearts, and wallets.

Feature Image Credit: PeopleImages | Getty Images 

By Kevin Nathanson

MS Sports Management

Sourced from Entrepreneur Europe

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Last week, we ran a few polls in the newsletter to learn more about how marketing goals vary between social media platforms. You may use a platform to accomplish many goals, but there is most likely one goal that you both have invested in and have consistently seen a great return on that investment.

We selected four common social media marketing goals to focus on:

  1. Brand Awareness
  2. Lead Generation & Sales
  3. Customer Service
  4. Community Engagement

Instagram and Facebook were the first two platforms we selected for the polls. Given the immense user-base of both platforms, plus the diversity of interests and communities found on each, it’s not a huge shock that brand awareness took the lead in both of these polls.

For Instagram, brand awareness took the lead with 39% of participants claiming this to be their primary goal on the platform. This could be an indicator that Instagram is a great place to launch a new brand on social and get noticed.

Social Media Today newsletter

Once again, brand awareness took the lead on Facebook with 30% of the majority vote. Next, with 26% of the vote came generation and sales. Following close after with 24% was community engagement.

Social Media Today newsletter

It’s also not a huge surprise that these two polls shared similar results with brand awareness leading and customer service coming in last. Many marketers link their Instagram and Facebook accounts, adjusting their approach slightly for each, but there is still a connection between the two.

By

Sourced from Social Media Today

Sourced from AdExchanger.

“Brand Aware” explores the data-driven digital ad ecosystem from the marketer’s point of view.

Today’s column is written by Maha Madain, head of marketing at Union Bank.

How does the marketing of a regional brand with a limited budget win in a market dominated by national brands?

That’s the challenge that many organizations face today. Resources are limited, and priorities are vast. Like other regional banks, share of voice for Union Bank has historically been dwarfed by the large brands with three to four times our marketing spend. To make an impact, we knew we would have to get creative while remaining grounded in data and insights.

Our journey began by assessing and understanding where we stood in the market in terms of brand health, perception and differentiation. Based on research, we confirmed that our strengths and focus on being client-obsessed did indeed matter to our target audiences.

However, the research also uncovered a big challenge: a lack of awareness and differentiation for our brand outside of our client base. While our existing clients are highly engaged and perceive us as different from the pack, Union Bank is often overlooked by those considering a new financial services partner.

Improving brand awareness and sales on a tight budget

To do more with less, we first decided to concentrate our marketing spend in one market. The objective was to deliver a strong share of voice rather than a generic peanut butter approach that would spread our efforts and resources across multiple geographies, ultimately with less impact.

Next, we identified the best test market that would provide scalable learnings. For us, that was San Diego – a large enough market with ample target clients, but with reasonable media costs and relatively neutral brand health. With San Diego selected, we then optimized our production spend to deliver creative assets that could flex across multiple channels and deliver a variety of messages.

What we delivered was a 360-degree campaign that included digital marketing, TV commercials, radio spots, out of home and even a new smart prospect site that supported the new brand and drove conversion. All of this was supported and amplified by PR, social media, a new brand voice, training and a new style guide and attire for our local employees that was on point with our newly evolved brand.

Outcomes in San Diego

Five months after launching the campaign, we experienced more than 50% growth in the number of new clients joining the bank in the San Diego market compared to the same period the year before.

We also saw a large year-over-year lift in other key business metrics, including checking and home loans, all of which we closely continue to monitor.

While we are early into the test and continue to absorb and act on the learnings, we’ve already identified a few key takeaways.

First, we learned the value of getting senior leadership to buy in early. By focusing the investment and the learnings while providing a clear road map to measuring performance, they are more likely to provide support.

We also learned that we needed to surgically test and go deep vs. going broad right away. This helped us to ensure that our resources were maximized while also delivering measurable learnings for optimization and scalability.

Senior leadership buy-in was critical, but it was also vital to get our associates excited about our efforts and test; local buy-in goes a long way to ensure success.

Finally, by limiting the test geography, it’s possible to operate with more agility, have more opportunities to measure outcomes and, as a result, have more chances to course correct.

But this is only the beginning. With what we’ve delivered and learned, we now have a methodical and analytical approach to make a future business case for expanding into additional markets and delivering more revenue for the business.

Follow Union Bank (@UnionBank) and AdExchanger (@adexchanger) on Twitter.

Sourced from AdExchanger

 

By Lora Kellogg

As any franchise leader knows, developing and expanding your brand isn’t easy. Traditional methods of franchise development, such as working with franchise brokers and using public relations, can be successful. But they’re much more effective when paired with newer methods, such as digital marketing.

Social media platforms provide great lead generation options for advertising. Consumers already feel comfortable engaging on social platforms, and platforms such as Facebook have lead generation-specific ads that provide outstanding targeting options. Users can submit their information on Facebook or Instagram without having to leave the app or website, which makes the process easier for mobile users and delivers more leads to your franchise development team’s inbox.

Brands with an active social media presence already understand the benefits of social platforms. Users interacting with brands on social media aren’t looking only for promotions and discounts; they also are looking for business opportunities.

Brands hoping to interact with potential franchisees should take note. Leads generated through social media are highly motivated. Here are four ways your franchise can increase leads generated from social media platforms.

1. Increase overall brand awareness

Want more consumer interaction on social media? Start by telling your brand story. Tell customers what your company stands for and what it has to offer through articles, videos, and other posts on social media. Seize this opportunity to introduce your brand to potential franchisees on platforms where they’re already comfortable engaging.

Approximately 68 percent of American adults use Facebook — which towers above adult user statistics for other platforms. YouTube takes second place, with 40 percent of adults using it regularly. Talk to your franchisee candidates on the platform or platforms of their choice.

2. Develop lookalike audiences on Facebook

Facebook engagement reigns supreme among adults on social media platforms, so take advantage. Develop new leads by uploading an existing email leads list and using Facebook to create a target “lookalike” audience based on common characteristics shared by members of your email list.

Similarly, you can develop an audience by examining which people have visited your franchise development website. These potential franchisees have shown a clear interest in your brand and already are being served your remarketing ads. Create a lookalike audience based on these users to find similar leads to add to your remarketing list.

3. Create personas among your target demographic

Even among your target demographic, there are a lot of variations. Millennials, for example, share similarities, but they can be subgrouped into young married people with kids, young married people without kids, single college graduates in their first jobs, and other categories. Develop personas within your preferred demographic to more clearly define your target audiences.

Take inventory of the traits you look for in new franchisees to divide your target demographic into desirable categories, then take advantage of hypertargeted social media ads to talk to each persona differently. Recent college graduates are looking for something different from young married people with children. Provide messaging that forges authentic connections with each persona in your audience.

4. Take advantage of Facebook’s new lead-gen ads

Using Facebook’s hypertargeted lead ads can point your qualified audience members to a landing page. This page should offer relevant gated content in exchange for an email address. The content could include an e-book, webinar, or promotional offer.

Once you have collected this email list of qualified leads, target them with remarketing ads. This list also can be used in an email drip campaign. Despite all of Facebook’s offerings, don’t forget to follow up in real life. Digital platforms can’t replace the personal touch, after all.

Growing a franchise is a challenge every franchisor must meet. But in this digital-first world, social media provides a strong tool for lead generation. Follow these four simple tips to ensure your team is getting the most out of its social endeavors.

By Lora Kellogg

Lora Kellogg is president and CEO of Curious Jane, an ad agency specializing in franchises. With nearly 15 years of experience and a portfolio of top brands, she and her team work with established and emerging franchises to grow sales, increase traffic, build brand awareness, and generate leads.

Sourced from Franchising.com