{"id":6545,"date":"2010-10-13T07:24:07","date_gmt":"2010-10-13T12:24:07","guid":{"rendered":"http:\/\/37d57f8fa2.nxcli.io\/blog\/?p=6545"},"modified":"2010-10-16T17:15:59","modified_gmt":"2010-10-16T22:15:59","slug":"brand-values-or-driving-sales","status":"publish","type":"post","link":"https:\/\/www.marketingforsuccess.com\/blog\/marketing-strategy\/brand-values-or-driving-sales\/","title":{"rendered":"What matters more: &#8220;brand values&#8221; &#8211; or sales?"},"content":{"rendered":"<p>Here&#8217;s a strange story for you.<\/p>\n<p>A while ago I wrote an e-mail for a firm selling investment advice.<\/p>\n<p>They took forever to get the damn thing out and never told us how it did, but one day sent us an e-mail asking us to adapt it for another firm&#8217;s list with whom they had a deal.<\/p>\n<p>But by accident we saw two revealing insights into why so much marketing is bad.<!--more--><\/p>\n<p>An internal message said our e-mail was outdoing anything before \u2014 which would have been nice to know.<a href=\"https:\/\/www.marketingforsuccess.com\/blog\/wp-content\/uploads\/2010\/10\/marketing-mistakes.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-6547\" title=\"marketing mistakes\" src=\"https:\/\/www.marketingforsuccess.com\/blog\/wp-content\/uploads\/2010\/10\/marketing-mistakes.jpg\" alt=\"marketing mistakes\" width=\"150\" height=\"100\" \/><\/a><\/p>\n<p>And a note from the other firm said their new marketing chief was more interested in brand values than response, so could we make our e-mail shorter and less aggressive.<\/p>\n<p>The other day a colleague had a meeting with a senior person at one of the most successful marketing agencies in London \u2013 and indeed the world. My colleague is very good at writing stuff that sells.<\/p>\n<p>She was somewhat taken aback when the person she was talking to said, \u201cOur clients aren\u2019t interested in selling. They\u2019re more interested in how they talk to customers.\u201d<\/p>\n<p>That says a lot about what\u2019s wrong with business, doesn\u2019t it?<\/p>\n<p><strong>What your job really is<\/strong><\/p>\n<p>This reminded me of what the smartest guy with the biggest brand in the world once said about marketing.<\/p>\n<p>Sergio Zyman is the former chief marketing officer of Coca-Cola. In five years, when few people thought Coke could sell any more, he and his team increased its sales by 50 per cent, and the share price quadrupled.<\/p>\n<p>You couldn&#8217;t imagine anyone less like a direct marketer than someone who sells Coca-Cola. Or anyone you might think more dedicated to brand values.<\/p>\n<p><strong> <\/strong><\/p>\n<p>Zyman could teach a lot of direct marketers who hanker after quasi- intellectual tripe about the realities of life.<\/p>\n<p>His wonderfully down-to-earth definition of the aim of marketing is this: &#8220;To get more people to buy more stuff more often at higher prices so the company makes more money&#8221;.<\/p>\n<p>He said in his excellent (and funny) book <em>The end of marketing as we know it<\/em> that marketers should be &#8220;the ultimate stewards of return on investment in assets.&#8221;<\/p>\n<p>He says a lot in his book about marketers&#8217; lack of intellectual discipline, and the way they fail to set exact targets, talking vaguely about &#8220;more&#8221; sales, &#8220;more&#8221; market share but never putting a figure on the increases \u2014 saying <em>precisely<\/em> how much more.<\/p>\n<p>As I always say \u2014 though I probably stole it from someone smarter than me \u2014 if you aim at nothing, you usually hit your mark.<\/p>\n<p><strong>Boardroom folly<\/strong><\/p>\n<p>Zyman is particularly critical about the way marketers get into the boardroom and then start being more interested in what goes on there than their customers.<\/p>\n<p>One of his best stories tells how he showed his first Coca-Cola ads in 1993 to his boss Roberto Goizueta, who said, &#8220;I don&#8217;t like those ads.&#8221;<\/p>\n<p>&#8220;Look, Roberto,&#8221; he replied, &#8220;If you&#8217;re willing to buy 100 per cent of the volume worldwide then I&#8217;m happy to do the advertising that you like. Otherwise I&#8217;ve got to keep doing it for those damned consumers.&#8221;<\/p>\n<p>My favourite quote on this is from one of the great businessmen of the 20th century.<\/p>\n<p>The architect of Sears, Roebuck&#8217;s rise to become the world&#8217;s greatest retailer was Julius Rosenwald. He once remarked, &#8220;My ambition is to stand on both sides of the counter at once.&#8221;<\/p>\n<p>I doubt if he ever used the phrase &#8220;brand values.&#8221; He just knew that no matter how important such things may be, &#8220;Nothing happens in business until something gets sold.&#8221;<\/p>\n<p>Who said that? Thomas J Watson Jr. of IBM. Strange how the best people tend to say similar things, isn&#8217;t it?<\/p>\n<p>&#8211; <em>Drayton<\/em><\/p>\n<table style=\"text-align: left;\" border=\"0\" cellspacing=\"8\" cellpadding=\"8\" width=\"450\">\n<tbody>\n<tr>\n<td width=\"450\" height=\"0\" valign=\"top\" bgcolor=\"#ececec\"><strong><a href=\"https:\/\/www.marketingforsuccess.com\/blog\/drayton-bird\/\">About Drayton Bird<\/a><\/strong> <a href=\"http:\/\/www.mfsstore.com\"><strong><br \/>\nRelated Resources<\/strong><\/a><strong><a href=\"https:\/\/www.marketingforsuccess.com\/blog\/author\/dbird\/\"><br \/>\nMore Posts by Drayton Bird<\/a><\/strong><\/p>\n<p>To discover the easy and inexpensive ways <span style=\"text-decoration: underline;\">anyone can attract more clients and maximize their profits<\/span>, sign up for your<strong> <\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/free8-s.html\">FREE <\/a><\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/profitrules-es.html\">Profit Now <\/a><\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/profitrules-es.html\">Report<\/a>. <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a strange story for you. A while ago I wrote an e-mail for a firm selling investment advice. They took forever to get the damn thing out and never told us how it did, but one day sent us an e-mail asking us to adapt it for another firm&#8217;s list with whom they had [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[333,334,379,386],"_links":{"self":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/posts\/6545"}],"collection":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/comments?post=6545"}],"version-history":[{"count":0,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/posts\/6545\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/media?parent=6545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/categories?post=6545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/tags?post=6545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}