Transcript
A (0:00)
You really need to consistently reach the light buyers who only purchase occasionally. They may not be loyal, but they represent the largest opportunity for incremental growth.
B (0:10)
Marketing Architects hello and welcome to the Marketing Architects, a research first podcast dedicated to answering your toughest marketing questions. I'm Alina Jasper, I run the marketing team here at Marketing Architects, and I'm joined by my co hosts Rob DeMars, the chief product architect of misfits and machines, and Angela Voss, the CEO of Marketing Architects.
A (0:30)
Hi. Hey y'. All.
B (0:31)
We're back with our thoughts on some recent marketing news. Always trying to root our opinions and data, research and what drives business results. This episode is going to be all about marketing effectiveness. Specifically, what are the most important principles you should know. We'll start by sharing some research and then get into that discussion and today I chose an article from MI3 and the title is a little bit of a mouthful. It's almost how an Ex p&g US marketer ditched cohorts Personas, blended Ehrenberg, Bass, Binet and field textbooks word for word landed biggest marketing budget in $7 billion company's history and all KPIs are powering which that long title foils the article a little bit, but I think the details are still interesting. Piedmont Healthcare CMO Doe Bergsma joined that brand in 2020 and he had a background in CPG from PNG and he quickly realized that their hyper segmentation Personas and chasing every hot new tech trend wasn't delivering the results they needed. So he turned to the proven frameworks of Sharpe, Binet and Field principles that are well known in Australia and the UK and some parts of Europe, but aren't always front and center in the us. He said that he hit the reset button at Piedmont, training his entire team and agencies in a few excess share of voice, broad targeting, balancing the short and long mental availability, distinctive assets, emotion, creativity and proper measurement. This led to the biggest marketing budget in the firm's history and their brand awareness, favorability and key metrics increased like office visits followed that an important move for them was scrapping their narrow Personas and instead defining broad health care categories such as heart or cancer patients, then reaching them with a more universal message. Bergsma also said he shifted his PR in digital teams to focus on brand building and trust building. So that's one recent kind of high profile success story for marketing effectiveness, but we've heard many others just chatting with marketing leaders on this show and we probably don't need to convince you if you're listening to this of the importance of marketing effectiveness. However, there is one more recent debate that I wanted to talk about before we dive in and that's a conversation that began late last year when Professor Felipe Thomas published some work which I would say criticized some of this stuff. He said we shouldn't take a one size fits all approach to marketing effectiveness principles and he really focused on broad reach as the biggest one. He said that it really varies by category and even a channel like TV could have better or worse results depending on your brand. So it sounds like he's advocating for a more category specific approach. And honestly I'd like to have him on the show so we could learn more about it. But Ang, I wanted to ask you what, what do you think of some of his more recent critiques? Are they valid? And should marketers and listeners like keep this in mind when they listen to or read marketing effectiveness research?
