Transcript
A (0:00)
Nerd alert. Learning is important, right?
B (0:02)
Yes, exactly. On a bunch of nerds.
A (0:04)
Nerd alert.
B (0:05)
Right. Marketing Architects. Hello and welcome to the Marketing Architects, a research first podcast dedicated to answering your toughest marketing questions. I'm Elena Jasper. I run the marketing team here at Marketing Architects. And I'm joined by my co host, Rob demars, the chief product architect of misfits and machines.
A (0:23)
Hello, Elena.
B (0:25)
Hello. We're back with your weekly Nerd alert. Every week I'll take a deep dive into academic marketing research and translate its complex ideas into simple and understandable language for Rob, and of course, for all of you. Are you ready to nerd out, Rob?
A (0:36)
I've peer reviewed my own opinions this morning and none of them are statistically significant. So let's go.
B (0:42)
So we're ready.
A (0:43)
We are ready.
B (0:45)
This week I read a study titled should you change your ad, messaging or execution? It depends on brand age. This is by Cohen, Powells, Bharat Sud, Robert Fisher, Percy and Tia and was published in the Journal of Business Research. Now, as that title suggests, it kind of gives away part of this episode, but this paper is about answering this debate of whether brands should stick to their messaging or switch it up with the times. But before I dive in, Rob, say you're running a 20 year old brand, running your campaigns and sales start to look soft. What's your first instinct? Is it to change the message or maybe, you know, just refresh the creative?
A (1:22)
I guess it depends what you mean by softening. If results are just softening, the worst thing you could do is throw in the towel and start fresh with a brand new campaign. First, leverage the same distinctive assets that you've been using. You have a lot of compounded interest in those assets. So leverage that and leverage the equity that you've already created in new and fun and surprising ways. Before you go, holy smokes, we need to completely clean slate this.
B (1:51)
Yeah, you're very aligned to the study, very statistically significant of you, I would say.
