Spike your Brand ROI
eBook - ePub

Spike your Brand ROI

How to Maximize Reputation and Get Results

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub

Spike your Brand ROI

How to Maximize Reputation and Get Results

About this book

Increase ROI through more effective brand marketing

According to CMO.com, we are exposed to more than 5,000 brand messages each day. Marketers call this "creating engagement," and each comment, share, or re-tweet is supposed to be a win. But is this deluge of content really working to shift perception, change behavior, or sell products?  The truth is, only 5% of people say that social media has a profound effect on their purchasing decisions. Moreover, only 2.7% of people are willing to stick their neck out on the line to recommend your brand via social media, a factor known as "social risk."

In SPIKE Your Brand ROI, public relations maven Adele Cehrs shares her strategy for effective engagement: it's all about timing. This book will teach you how to recognize, anticipate, or even create a SPIKE  – a Sudden Point of Interest that Kick-starts Exposure. This is your opportunity to reach people when they are primed to hear your message, and your brand is most relevant to their lives.

Based on the author?s actual engagements with clients like Yum Brands, Lockheed Martin, DuPont, and more, this practical guide outlines a new, pragmatic approach that will enable you to: 

  • Learn to recognize brand patterns that are driven by audience interests and outside events
  • Focus your energy, resources, and money when your brand is top-of-mind
  • Decrease your marketing spend while increasing your bottom-line benefits
  • Maximize benefits or mitigate damage by anticipating when your company, association, or nonprofit is going to be in the spotlight
  • Retool traditional word-of-mouth initiatives for optimum results

With Adele Cehrs' proven methodology, you can turn a SPIKE into a strategic platform from which to improve results, build respect, and boost your ROI.

Trusted by 375,005 students

Access to over 1.5 million titles for a fair monthly price.

Study more efficiently using our study tools.

Information

Publisher
Jossey-Bass
Year
2015
Print ISBN
9781118976661
eBook ISBN
9781118976678

Chapter 1
What's Real Brand Engagement?

“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.”
—JEFF BEZOS, founder of Amazon and owner of the Washington Post
Imagine this.
You're going about your day, scanning through the online news site, your feeds on Facebook, Twitter, Instagram, and LinkedIn. Some things you like, some things you share, you might comment here and there, some things you just scroll past, others you click through. This is what we call engagement. And this is great for brands. Right?
But fast-forward ten minutes. Twenty minutes. An hour. Maybe you remember one or two bits of content you saw today, but only because you're thinking about it.
Come dinner time, you've completely forgotten that you really loved the Papa John's heart-shaped pizza post on Facebook today, because you feel like tacos for dinner and barely remember you even saw it. Do you really have any idea which brands engaged you today?
It's estimated that people see five thousand brand messages a day, according to CMO.com. How do you break through the noise? How do you create real perception and behavior change? The first step is to remove the clutter and focus on what really matters.

Did You Know?

  • In the United States alone it's estimated that businesses spend $155 billion annually on advertising and PR to get a brand into the public eye (Galant 2012).
  • Research shows that marketers are getting worse, not better, at directing their dollars, with a whopping 40 percent of marketing dollars being wasted each year (Neff 2012).
  • That means $62 billion is misused on content that is not relevant or producing ROI.
Tens of billions in wasted marketing every year. It's not smart. It's not strategic. Yet as evidenced by these alarming statistics, that's what many companies are doing. What if there were a better way? What if you could focus your energy and resources and money only when you are truly top of mind? What if you could have a higher spend-to-impact ratio? That is what SPIKE Your Brand ROI will teach you.
If you know how to prepare for, spot, and capitalize on a SPIKE—a Sudden Point of Interest that Kick-starts Exposure—you will learn how to:
  • Mitigate the damage or maximize the benefits by anticipating when you or your company, association, or nonprofit is going to be of interest
  • Decrease your marketing spend while increasing your bottom-line benefits
  • Prevent a public perception of catastrophe that damages the goodwill you spent years creating
Some experts tell you that it's vital for your organization to drop everything you are doing to respond to every comment or issue within your bailiwick. The truth is that your executives want—and need—some level of planning, ideation, and strategy before they commit to a position. The way to do that is to understand when your audience has the highest point of interest, a SPIKE. While it may sound impossible to make predictions about a brand's relevance, the truth is that brands have discernible patterns. Those patterns are driven by audience interests and outside events that require some real-time nimbleness.
The Consumer Electronics Association experiences a positive SPIKE every year with its world-renowned International Consumer Electronics Show—a technology smorgasbord of the goodies early adopters will be drooling over next year. More than 150,000 people flock to it from a variety of industries to see what's next or what's garnering buzz in consumer electronics.
General Motors experiences a negative SPIKE when it recalls millions of cars.
But what if you had more control, more ability to influence these SPIKEs?
You can.
People are interested in hearing from a brand when that brand has something to say that pertains to their lives—everything else you do in between is just a buildup or build down to major brand opportunities or crises. You might be thinking, “I'm not Consumer Electronics Association or General Motors, so how can I relate to such big-brand examples?” The process is the same for any entity handling issues or opportunities. You can learn from some of the big guys' mistakes.
We're flipping the traditional business communication model on its head. For decades, companies have been able to dictate when they are relevant to mainstream media. Now the audience dictates when they will care. It isn't just engagement for engagement's sake. It is about timing and knowing when your audience wants to hear from you.

What Exactly Is a SPIKE?

William Jennings Bryan once said, “Destiny is not a matter of chance, it is a matter of choice; it is not a thing to be waited for, it is a thing to be achieved.” That is SPIKE—not something to wait around for, but something that you, your organization, and your marketing/PR team can achieve with the right tools and knowledge.
A SPIKE is a Sudden Point of Interest that Kick-starts Exposure. It is the opportunity to make or break you and your organization. It is a point in time when your industry, profession, or members are thrust into the public eye…for better or for worse.
  1. S – Stands for Sudden
    1. Communication that suddenly pops up doesn't qualify as a SPIKE unless it clearly meets two criteria: the opportunity that arises is central to your brand's message and the communication can be relayed to your audience within a finite, specific period of time.
  2. P – Stands for Point
    1. There is a point, a single shining point in time, when you have the opportunity to change the conversation. To capitalize on the SPIKE you have to be nimble. You must react quickly and effectively to get the optimum benefit from sudden attention, a time when all eyes are on you, your company, or your cause. If you are quick and you have the right message, you can provide a solution, reaction, or point of view that is uniquely yours. If you're really good, you can even come to own a topic, and that can be a gold mine for months or years.
  3. I – Stands for Interest
    1. The word interest, as a verb, means to excite curiosity or attention. Your audience, not your executive staff or board, must be interested in the topic. Too many times, organizations forget that in this decade, the audience is in control of when they will tune you out or sing your praises.
  4. K – Stands for Kick-starts
    1. To kick-start something is to cause it to catch on or take off. In a SPIKE, you can kick-start attention by being the first and best to respond in real time to an evolving issue in the media, your industry, or your profession.
  5. E – Stands for Exposure
    1. Exposure can be a positive or negative in marketing. If you don't control a SPIKE, if you do not have a plan of attack and excellent operational timing, you can leave your organization exposed to a negative SPIKE and create significant vulnerabilities. However, if applied correctly, you can anticipate those vulnerabilities and perhaps even benefit from them with strategic positioning and perfectly timed messages.

Relevance and Timing

Here's the bad news. Any company, cause, or creation, regardless of scope or scale, is only truly relevant to its audience a few times a year. That...

Table of contents

  1. Cover
  2. About the ASAE-Wiley Series
  3. Title Page
  4. Copyright
  5. Foreword
  6. Preface
  7. Acknowledgments
  8. Dedication
  9. About the Author
  10. Chapter 1: What's Real Brand Engagement?
  11. Chapter 2: Why Your Brand Doesn't Stand Out
  12. Chapter 3: Brand Narcissism
  13. Chapter 4: SPIKE Assessment
  14. Chapter 5: Be Nimble, Assemble the Right Team, and Get Buy-In for the SPIKE Method
  15. Chapter 6: Picking the Perfect Audiences and Crafting Compelling Messages
  16. Chapter 7: Manufacturing a SPIKE: Provide First-of-Their-Kind Pitches, Stories, and Messages
  17. Chapter 8: When Is Your Brand Truly Relevant?: Turn Your Editorial Calendar into a Relevance Calendar
  18. Chapter 9: Brand Patience: Why You Need It
  19. Chapter 10: SPIKE Spotting
  20. Chapter 11: The Upshot of a Positive SPIKE
  21. Chapter 12: Finding the Lost Principle of Influence
  22. Chapter 13: Create a Contrarian Brand Platform to Stand Out
  23. Chapter 14: The Fairness Fallacy and How to Call a Time-Out When Things Go Bad
  24. Chapter 15: Have a Crisis Plan in Place to Handle Negative SPIKEs
  25. Chapter 16: The Real Benefits of Responding to or Ignoring Negative SPIKEs
  26. Chapter 17: Maximize (or Minimize) 15 Minutes (or Days) of Fame or Shame
  27. Chapter 18: Why Wait? Anticipate Negative SPIKEs
  28. Chapter 19: Don't Spin Out of Control, Manage the Viral Spiral
  29. Chapter 20: Dark Websites See the Light of Day
  30. Chapter 21: The Underdog versus Top Dog Effect: How Some Brands Pick Themselves Up and Come Back Stronger
  31. Chapter 22: The Pedestal Principle
  32. Chapter 23: Internal SPIKEs
  33. Chapter 24: Measuring the ROI of a SPIKE
  34. SPIKE Spotting: Worksheets
  35. Bibliography
  36. Index
  37. End User License Agreement

Frequently asked questions

Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn how to download books offline
Perlego offers two plans: Essential and Complete
  • Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
  • Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.5M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Both plans are available with monthly, semester, or annual billing cycles.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1.5 million books across 990+ topics, we’ve got you covered! Learn about our mission
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more about Read Aloud
Yes! You can use the Perlego app on both iOS and Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app
Yes, you can access Spike your Brand ROI by Adele R. Cehrs in PDF and/or ePUB format, as well as other popular books in Betriebswirtschaft & Non-Profit- & gemeinnützige Organisationen. We have over 1.5 million books available in our catalogue for you to explore.