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Published byShauna Lamb Modified over 6 years ago
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MULTIPLE AND CONFLICTING PERSPECTIVES ON WHAT THE MARKETING IMPERATIVE TO MAXIMISE GROWTH SHOULD BE
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SALIENCE: top of mind awareness, the quality of standing out and grabbing attention
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SALIENCE IS UNDENIABLY IMPORTANT
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SALIENCE INDEX OF DIFFERENT BRAND TYPES
Iconic Star Mainstream Generic Aspirational Limited Fighter Outsider Specialist Source: Brandz
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AUDIO VISUAL CHANNELS PLAY AN IMPORTANT PART IN DELIVERING SALIENCE
% UPLIFT IN METRIC POST EXPOSURE +2.41% ONLINE VIDEO +1.22% TV +1.15% MAGAZINES Source: Magnetic/Millward Brown 2015 Setting trends measure: Online video n=8, TV n=60, Mags n=16, Radio n=17, News n=17, Online Display n=54, OOH n=37, Cinema n= UK studies. Impact per person reached.
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THE POTENTIAL AND UNINTENDED CONSEQUENCE OF PURSUING SALIENCE ALONE
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VALUABLE BRANDS HAVE FIVE KEY PROPERTIES
They are top of mind to consumers Consumers feel an affinity for them Consumers feel they will perform well and meet their needs They are seen as different or unique in the category They are dynamic and set category trends MEANINGFUL DIFFERENCE SALIENCE Millward Brown Meaningfully Different Framework 2013
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BEING MEANINGFULLY DIFFERENT MATTERS
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Brand buyers who go on to repeat purchase are more likely to perceive brands as meaningful and different, but salience makes little difference Source: Combined MB & Worldpanel study, actual purchase behaviour and attitudinal data
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SALIENCE FAILS TO PREDICT PRICE PREMIUM
Source: PowerPurchase studies, 42 different brands
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BUT MEANINGFUL DIFFERENCE DOES…
AVERAGE PRICE PAID Source: PowerPurchase studies, 42 different brands
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A ‘MEANINGLESS’ BRAND THAT INCREASES SALIENCY WILL GROW…
BUT DRIVING SALIENCY FOR A MEANINGFULLY DIFFERENT BRAND WOULD DRIVE SALES EVEN MORE Source: 2012/3 compared to 2007/8 for 2,301 brands measured in BrandZ
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DIFFERENT SALIENT MEANINGFUL
BRANDS NEED MEANINGFUL DIFFERENCE AS WELL AS SALIENCE MEANINGFUL DIFFERENT SALIENT FOUNDATION COMPETITIVE EDGE GROWTH LEVER
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HOW DO WE HELP GUIDE BRANDS THROUGH THEIR MEDIA CHOICES?
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MEANINGFUL: having a real importance or value to consumers that delivers against their functional and emotional needs
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PERONI ACHIEVES AFFINITY BY DIALING UP HERITAGE
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BIG VISUAL IMPACT MEDIA ACHIEVE BRAND AFFINITY
% UPLIFT IN METRIC POST EXPOSURE +3.62% CINEMA +1.89% OOH +1.53% MAGAZINES Source: Magnetic/Millward Brown 2015 Affinity Measure: OOH n=12, TV n=15, Newspaper n=8, Online display=10, Radio n=8, Magazine n=3, Cinema n=9, Online video n=3
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MANY HEALTHCARE & FINANCE BRANDS HAVE DRIVEN SUCCESS THROUGH FUNCTIONAL NEEDS
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INFORMATIVE MEDIA CONVEY THAT A PRODUCT OR SERVICE MEETS NEEDS
% UPLIFT IN METRIC POST EXPOSURE +1.32% NEWSPAPERS +1.08% TV +0.83% MAGAZINES Source: Magnetic/Millward Brown 2015 Setting trends measure: OOH n=13, TV n=19, Newspaper n=3, Online disp. n=19, Radio n=6, Magazine n=7, Cinema n=7, Online video n=4
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DIFFERENTIATION: to achieve a level of separation from other brands in the category due to sense of uniqueness or dynamism
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JAGERMEISTER STANDS OUT
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TARGETED, PREMIUM CHANNELS CONTRIBUTE TO UNIQUENESS
% UPLIFT IN METRIC POST EXPOSURE +3.50% CINEMA +2.49% MAGAZINES +0.71% RADIO Source: Magnetic/Millward Brown 2015 Setting trends measure: OOH n=13, TV n=19, Newspaper n=3, Online disp. n=19, Radio n=6, Magazine n=7, Cinema n=7, Online video n=4
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AUDI STAND APART THROUGH LEADERSHIP CREDENTIALS
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SPECIALIST CHANNELS ACHIEVE DYNAMISM
% UPLIFT IN METRIC POST EXPOSURE +2.86% MAGAZINES +1.45% RADIO +0.83% CINEMA Source: Magnetic/Millward Brown 2015 Setting trends measure: OOH n=13, TV n=19, Newspaper n=3, Online disp. n=19, Radio n=6, Magazine n=7, Cinema n=7, Online video n=4
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Source: Magnetic/Millward Brown 2015
See additional slides for samples of individual metrics
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A MEANINGFULLY DIFFERENT IMPACT
AFFINITY UNIQUE WE CREATED A SINGLE METRIC WHICH AGGREGATES CHANNEL PERFORMANCE ACROSS ALL FIVE METRICS. TOP OF MIND WE REFER TO THIS AS MEANINGFULLY DIFFERENT IMPACT MEET THEIR NEEDS DYNAMIC
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MEANINGFULLY DIFFERENT IMPACT
Source: Magnetic/Millward Brown 2015 MDI Measure: Magazines n=22, TV = 83, Newspapers n=32, Online Display n=68, Radio n=29, OOH n=59, Cinema n=28, Online video n=9
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MAGAZINES HAVE THE LOWEST OVERALL COST TO DELIVER 1% OF MDI
TV Online Display Newspapers Radio OOH Cinema Source: Magnetic/Millward Brown 2015 MDI Measure: Magazines n=22, TV = 83, Newspapers n=32, Online Display n=68, Radio n=29, OOH n=59, Cinema n=28, Online video n=9 *Low base size
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CONCLUSION > SALIENCE IS UNDENIABLY IMPORTANT AS A GROWTH LEVER
> MEANINGFUL DIFFERENCE IS A POWERFUL LONG-TERM BRAND DRIVER > MAGAZINE MEDIA IS A CONSISTENT ALL ROUNDER IN DELIVERING BRAND EQUITY > MAGAZINES ARE THE MOST COST-EFFICIENT CHANNEL IN THE MIX, AND PARTICULARLY STRONG AT DRIVING DIFFERENTIATION FOR A BRAND
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