<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Stephanie Fierman - Marketing Observations Grown Daily &#187; stephanie fierman</title>
	<atom:link href="http://www.stephaniefiermanmarketingdaily.com/category/stephanie-fierman/feed" rel="self" type="application/rss+xml" />
	<link>http://www.stephaniefiermanmarketingdaily.com</link>
	<description>Business guru Stephanie Fierman shares thoughts from the world of marketing and consumerism</description>
	<lastBuildDate>Tue, 07 Sep 2010 16:00:27 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.9.2</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Stephanie Fierman Gives Her Seat To Darth Vader</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/improv-everywhere-spreading-brand-joy.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/improv-everywhere-spreading-brand-joy.php#comments</comments>
		<pubDate>Sun, 25 Jul 2010 20:07:30 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[stephanie fierman]]></category>
		<category><![CDATA[word of mouth]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=700</guid>
		<description><![CDATA[Branding gets a bad rap.  I&#8217;ve always thought this was fascinating because &#8211; without branding &#8211; there would be little else in the world of consumption.  That&#8217;s because a &#8220;brand&#8221; can be defined as what a product, place or person means to you: it&#8217;s the place in the mind occupied by our real or anticipated experience with that person or [...]]]></description>
			<content:encoded><![CDATA[<p>Branding gets a bad rap.  I&#8217;ve always thought this was fascinating because &#8211; without branding &#8211; there would be little else in the world of consumption.  That&#8217;s because a &#8220;brand&#8221; can be defined as what a product, place or person means to you: it&#8217;s the place in the mind occupied by our real or anticipated experience with that person or thing.  And it drives many of our decisions. </p>
<p>Think of it this way.  You get up in the morning.  The soap and toothpaste you use, the cereal you eat, the car you get into or the subway stairs you descend, the maker of your briefcase or backpack or handbag, the coffee shop you favor (or avoid), the newspaper you pick up, the particular vacation spot you research when you get to your desk: your real or perceived experience with each of these things drives your choices.  That&#8217;s brand.  You can&#8217;t (and don&#8217;t) live without it.  It&#8217;s all over, all the time.</p>
<p>And man, there&#8217;s a lot of competition.  And distraction.  And price pressure.  And etcetera, etcetera, etcetera.</p>
<p>So if this is the case, then it&#8217;s the job of a brand owner to create positive associations &#8211; a positive experience &#8211; associated with the person, place or thing in question.  Life is hard: great experiences are priceless and they&#8217;re something  you want to share with others.</p>
<p>Thanks to my Twitter compatriots <a href="http://trulydeeply.com.au" target="_blank">David Ansett</a> (@<a href="http://twitter.com/brandamentalist" target="_blank">brandamentalist</a>) and <a href="http://storyworldwide.com" target="_blank">Story Worldwide</a> (@<a href="http://twitter.com/storyworldwide" target="_blank">storyworldwide</a>), I came upon this wonderful NY-based company, <a href="http://improveverywhere.com" target="_blank">Improv Everywhere</a>,  which describes itself as an organization that &#8220;causes scenes of chaos and joy in public places.&#8221;</p>
<p>What does that mean, you ask?  It means that Improv Everywhere creates &#8220;<a href="http://improveverywhere.com/missions/" target="_blank">missions</a>&#8221; that create an attention-getting public event that creates positive buzz &#8211; a positive experience &#8211; that is very unexpected and equally as impactful.</p>
<p>Here&#8217;s one that got a lot of press in NYC: &#8220;Star Wars Subway Car&#8221; (if  you cannot see the video below, click <a href="http://www.youtube.com/watch?v=J5gCeWEGiQI&amp;feature=player_embedded" target="_blank">HERE</a>):<br />
<object width="416" height="374"><param name="movie" value="http://www.youtube.com/v/J5gCeWEGiQI&#038;rel=0&#038;color1=0xb1b1b1&#038;color2=0xd0d0d0&#038;hl=en_US&#038;feature=player_embedded&#038;fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/J5gCeWEGiQI&#038;rel=0&#038;color1=0xb1b1b1&#038;color2=0xd0d0d0&#038;hl=en_US&#038;feature=player_embedded&#038;fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="416" height="374"></embed></object></p>
<p>The one that made the biggest impression on me was &#8220;High Five Escalator.&#8221; The video was shot literally on the escalator/stairs of New York City&#8217;s E/V/6 subway stop at 53rd Street and Lexington Avenue.  Now, this stop is a friggin nightmare during the morning commute: you&#8217;re squished, it&#8217;s hot, it&#8217;s unpleasant&#8230; just a major potential misery at 8 or 8:30 in the morning.  But on this particular morning, a few Improv Everywhere &#8220;undercover agents&#8221; got 2,000 people to smile and give a &#8220;high five,&#8221; and many more just had a great experience on their way to work (if you cannot see the video below, click <a href="http://www.youtube.com/watch?v=Abt8aAB-Dr0&amp;feature=player_embedded" target="_blank">HERE</a>):<br />
<object width="416" height="374"><param name="movie" value="http://www.youtube.com/v/Abt8aAB-Dr0&#038;rel=0&#038;color1=0xb1b1b1&#038;color2=0xd0d0d0&#038;hl=en_US&#038;feature=player_embedded&#038;fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/Abt8aAB-Dr0&#038;rel=0&#038;color1=0xb1b1b1&#038;color2=0xd0d0d0&#038;hl=en_US&#038;feature=player_embedded&#038;fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="416" height="374"></embed></object></p>
<p>Here&#8217;s an interview with Charlie Todd, the founder of 9-year-old &#8220;prank collective&#8221; Improv Everywhere (if you cannot see the video below, click <a href="http://www.cnn.com/video/#/video/tech/2010/07/15/natsot.charlie.todd.improv.cnn?hpt=C2" target="_blank">HERE</a>):<br />
<object width="416" height="374" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" id="ep"><param name="allowfullscreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="wmode" value="transparent" /><param name="movie" value="http://i.cdn.turner.com/cnn/.element/apps/cvp/3.0/swf/cnn_416x234_embed.swf?context=embed&#038;videoId=tech/2010/07/15/natsot.charlie.todd.improv.cnn" /><param name="bgcolor" value="#000000" /><embed src="http://i.cdn.turner.com/cnn/.element/apps/cvp/3.0/swf/cnn_416x234_embed.swf?context=embed&#038;videoId=tech/2010/07/15/natsot.charlie.todd.improv.cnn" type="application/x-shockwave-flash" bgcolor="#000000" allowfullscreen="true" allowscriptaccess="always" width="416" wmode="transparent" height="374"></embed></object></p>
<p>Improv Everywhere says that it takes on commercial clients only here and there, and that this is what allows them to keep doing what they&#8217;re doing.  But while Improv Everywhere &#8220;works to live,&#8221; if you will, hasn&#8217;t it cracked the very essence of the brand manager&#8217;s job?  What if your brand was associated with such a positive, memorable experience? </p>
<p>This guy&#8217;s on to something.</p>
<p>P.S. I&#8217;ve signed up to be an Improv Everywhere undercover agent, so &#8211; the next time <a href="http://vimeo.com/1417959">200 people freeze</a> in the middle of Grand Central &#8211; look around&#8230;</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/improv-everywhere-spreading-brand-joy.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman&#8217;s Choices Stay Close to Home</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-brand-extensions-succeed-in-recession.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-brand-extensions-succeed-in-recession.php#comments</comments>
		<pubDate>Sun, 23 Aug 2009 15:13:57 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[US economy]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[licensed content]]></category>
		<category><![CDATA[loyalty marketing]]></category>
		<category><![CDATA[market research]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[stephanie fierman]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-brand-extensions-succeed-in-recession.php</guid>
		<description><![CDATA[Yet another result of the flailing economy:  truly new brand launches are faltering while brand extensions are succeeding. 
In 2008, less than 10% of new products were &#8220;net new brands,&#8221; even though the pace of product introduction was about on par with the last five years. Take a look at the top food and non-food brand launches [...]]]></description>
			<content:encoded><![CDATA[<p>Yet another result of the flailing economy:  truly new brand launches are faltering while brand extensions are succeeding. </p>
<p>In 2008, <a target="_blank" href="http://www.brandweek.com/bw/content_display/news-and-features/direct/e3i0b8d80b2eaaf47708f89733ab2dfa3f1">less than 10%</a> of new products were &#8220;net new brands,&#8221; even though the pace of product introduction was about on par with the last five years. Take a look at the <a target="_blank" href="http://www.gmaonline.org/publications/gmairi/2009/March/March09.htm">top food and non-food brand launches</a> of last year:</p>
<p><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/08/stephanie-fierman-2008-non-food-brands.jpg" title="stephanie-fierman-2008-non-food-brands.jpg"><img src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/08/stephanie-fierman-2008-non-food-brands.jpg" alt="stephanie-fierman-2008-non-food-brands.jpg" style="width: 271px; height: 214px" height="208" width="259" /></a><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/08/stephanie-fierman-2008-new-food-brands.jpg" title="stephanie-fierman-2008-new-food-brands.jpg"><img src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/08/stephanie-fierman-2008-new-food-brands.jpg" alt="stephanie-fierman-2008-new-food-brands.jpg" style="width: 277px; height: 215px" height="223" width="270" /></a></p>
<p>If you remove the pharma/DTC products (which are in a psychic/regulatory/financial class all their own), all the products on these lists are extensions or reformulations.</p>
<p>In the best of times, launching a truly new product is extremely difficult and expensive.  Manufacturing, distribution, marketing &#8211; starting from scratch is daunting.  In a recession, success is even more difficult to achieve.</p>
<p>Then there&#8217;s the consumer psyche to consider: what are the monetary and non-monetary risks of trying something truly new?  Who hasn&#8217;t been curious enough about a new launch &#8211; let&#8217;s say something perishable that cannot be returned &#8211; to try it out?  But when money is scarce, the news is full of stories of imprudent spending and people are making trade-offs among the smallest of purchases, the price of &#8220;wasting&#8221; money suddenly becomes very high. <em>I will feel foolish if I buy this and don&#8217;t like it when there are existing substitutes that I know are good enough.</em></p>
<p>The other thing that&#8217;s noticeable about these lists and others is that the &#8220;<a target="_blank" href="http://www.fastcompany.com/blog/linda-tischler/design-times/best-and-worst-brand-extensions-2008">closest in</a>&#8221; extensions win: an existing brand holds a space in the consumer&#8217;s mind, a range of functionality and messaging in which that brand has credibility.  Hershey&#8217;s can launch new candies, Porsche can introduce a &#8220;wireless racing wheel&#8221; for gaming, Mr. Clean can (sort of) try out the car washing business.</p>
<p>But a $1,200 Disney Sleeping Beauty fountain pen or Kellogg&#8217;s hip-hop streetwear? Not so much.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-brand-extensions-succeed-in-recession.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman&#8217;s Peers Are Whining &#8211; And It&#8217;s Not Attractive</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-agencies-and-adage-spit-on-clients.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-agencies-and-adage-spit-on-clients.php#comments</comments>
		<pubDate>Mon, 27 Jul 2009 03:01:39 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[US economy]]></category>
		<category><![CDATA[Wall Street Journal]]></category>
		<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[cmo]]></category>
		<category><![CDATA[stephanie fierman]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/agencies-adage-hatch-brilliant-plan-to-spit-on-clients.php</guid>
		<description><![CDATA[Pity the downtrodden marketing services community.  That bad economy-thingy appears to have smacked it right in the face.  No surprise.
And since price pressure should be no surprise, either, I&#8217;ve been startled by the snarly response emanating from the ad industry.  I&#8217;ve already forgotten a few instances I noticed recently, but the WSJ late last week offered an ok example.  In an [...]]]></description>
			<content:encoded><![CDATA[<p>Pity the downtrodden marketing services community.  That bad economy-thingy appears to have smacked it right in the face.  No surprise.</p>
<p>And since price pressure should be no surprise, either, I&#8217;ve been startled by the snarly response emanating from the ad industry.  I&#8217;ve already forgotten a few instances I noticed recently, but the <em>WSJ</em> late last week offered an ok example.  In an <a target="_blank" href="http://online.wsj.com/article/SB124830491105573835.html">article</a> titled &#8220;<em>Thrift Darkens [Ad] Industry&#8217;s Hopes</em>,&#8221; Maurice Levy of Publicis sniffed, &#8220;The reality is that clients want more for less.  It&#8217;s something that is unfortunately becoming quite common.&#8221;</p>
<p>Is that right?  <em><a target="_blank" href="http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-social-media-impact-on-ad-agencies.php">Really</a></em>? Clients want more of the <em>same quality work</em> that you&#8217;ve been giving them all along for <em>a lower price</em>?  For some, this may be the case.  Then again, many of the large agencies in my experience became too big, spoiled and overpaid through the years.  Too many clients have been pithed by the senior staff, and left with inexperienced AEs.  You were supposed to fork over 15% just &#8211; I dunno, because.  Because advertising is magic.  Or whatever. </p>
<p>Times used to be great, no question.  I&#8217;ve enjoyed some wonderful agency relationships and learned a lot of my craft from my partners in those shops and others.  We all have.  How many <em>AdAge</em> headlines have screamed about client cutbacks and layoffs in the last year?  <em>More with less</em>? I&#8217;d say there&#8217;s plenty of pain to go around.</p>
<p><em>AdAge</em> really lit this match for me whenb I first read an editor&#8217;s <a target="_blank" href="http://adage.com/columns/article?article_id=137855">reaction</a> to a set of business decisions recently made by P&amp;G: business decisions that - for a reason that cannot be justified -touched off a cascade of immature, naive and nasty remarks from this person&#8217;s bully pulpit.</p>
<p>According to this editorial, P&amp;G&#8217;s decision puts the &#8220;still-moist notion that it&#8217;s possible to do interesting things for huge, unglamorous marketers&#8221; out of its misery.&#8221; That&#8217;s just embarrassing.  And my personal favorite &#8211; that the changes give &#8221;the best talent yet another reason to leave the industry&#8230; buh-bye, innovators and creative geniuses&#8221; - is pathetic.  Wow: talk about turning on someone when times get difficult.  What does this solve?</p>
<p>The editorial concludes by toasting P&amp;G for killing one of the &#8220;final drops of joy&#8221; (*<em>gag</em>*) left in the industry, and for making the business &#8211; and I quote &#8211; a &#8220;little bit shittier just because it can.&#8221;  I&#8217;m actually still appalled just typing these words weeks later.  This isn&#8217;t about freedom of the press: if the writer has her own blog, she should knock herself out.  But <em>AdAge</em> is a publication read by professionals and aspiring professionals on all sides of the business.  Such bitter statements are grossly unproductive and, frankly, more than a little silly.</p>
<p>I wonder if <em>AdAge</em> believes that this kind of vitriol will help the industry attract the &#8221;creative geniuses&#8221; whose absence it so mourns.  I doubt it will.</p>
<p>The fact is that agencies and vendors work at the pleasure of clients and &#8211; in <em>AdAge</em>&#8217;s case - report on them.  I also believe it&#8217;s safe to say that both agency executives and marketing journalists fancy themselves articulate thought leaders&#8230; and they should be.  Clients would like them to be.  Throwing oneself on the ground and having an unattractive hissy fit helps no one and only makes a difficult time harder and needless (or at least more) contentious.</p>
<p>Grow up, people.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-agencies-and-adage-spit-on-clients.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Hovers Like A UFO</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-tampax-viral-zach16-campaign.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-tampax-viral-zach16-campaign.php#comments</comments>
		<pubDate>Thu, 18 Jun 2009 17:18:14 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[blogs]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[kids television]]></category>
		<category><![CDATA[loyalty marketing]]></category>
		<category><![CDATA[stephanie fierman]]></category>
		<category><![CDATA[women]]></category>
		<category><![CDATA[women online]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-tampax-viral-zach16-campaign.php</guid>
		<description><![CDATA[I have no idea if they&#8217;ll sell even one tampon, but P&#38;G&#8217;s Tampax is the stealth sponsor of a series of viral videos that tell the story of a 16-year-old boy who wakes up with &#8211; uh &#8211; &#8220;girl parts.&#8221; And at least from an art point of view&#8230; they&#8217;re good. Click HERE if you [...]]]></description>
			<content:encoded><![CDATA[<p>I have no idea if they&#8217;ll sell even one tampon, but P&amp;G&#8217;s <a target="_blank" href="http://www.tampax.com/">Tampax</a> is the stealth sponsor of a series of viral videos that tell the story of a 16-year-old boy who wakes up with &#8211; uh &#8211; &#8220;girl parts.&#8221; And at least from an art point of view&#8230; they&#8217;re good. Click <a target="_blank" href="http://www.youtube.com/watch?v=Cl8ADdQiLzE&amp;feature=player_embedded">HERE</a> if you do not see the ad below.</p>
<p align="center"><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/Cl8ADdQiLzE&#038;rel=0&#038;color1=0xb1b1b1&#038;color2=0xcfcfcf&#038;feature=player_embedded&#038;fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/Cl8ADdQiLzE&#038;rel=0&#038;color1=0xb1b1b1&#038;color2=0xcfcfcf&#038;feature=player_embedded&#038;fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="425" height="344"></embed></object></p>
<p class="story-image">Leo Burnett created the campaign at <a target="_blank" href="http://www.zackjohnson16.com">Zack16.com</a>.  Its big link to the brand thus far is when our hero, Zack, gets his first period in French class and sneaks into the girl&#8217;s bathroom looking for a Tampax vending machine.</p>
<p class="captionrightrail">P&amp;G <a target="_blank" href="http://adage.com/digital/article?article_id=137324">calls it</a> &#8220;a learning lab out on the net&#8221; that&#8217;s &#8220;not very heavily branded at all.&#8221;  Hmm.  And so far the videos aren&#8217;t a huge hit, with about 10,000 views in the past week on YouTube and elsewhere. </p>
<p class="captionrightrail">I really wanted to dislike this campaign and - if I were a P&amp;G stockholder - I probably would.  I also wonder if the best way to pitch tampons to <a target="_blank" href="http://www.beinggirl.com/en_US/home.jsp">young women</a> is with stories about young men baking brownies, but what do I know? I hope it sells something. </p>
<p class="captionrightrail"><img align="left" width="255" src="http://adage.com/images/bin/image/rightrail/061509-GirlParts.jpg?1245105930" alt="The title character, Zack Johnson, wakes up one morning to find his 'guy parts' gone." height="191" style="width: 169px; height: 132px" title="The title character, Zack Johnson, wakes up one morning to find his 'guy parts' gone." class="rightrail" />In the meantime, I&#8217;m enjoying the work of a good copywriter and have started following Zack on Twitter at <a target="_blank" href="http://www.twitter.com/zackjohnson16">@ZackJohnson16</a>.  He appears to be trying to figure out how to manage menstruating while at soccer camp.</p>
<p class="captionrightrail"><em> Note</em>: the &#8220;hovers like a UFO&#8221; comment is from the <a target="_blank" href="http://www.youtube.com/watch?v=webuR76j3gE&amp;feature=player_embedded">Day 3 video</a>.  Really &#8211; these are pretty humorous.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-tampax-viral-zach16-campaign.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Applauds A Tone Deaf Ad That Got Its Hearing Checked</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-new-bessemer-trust-ads.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-new-bessemer-trust-ads.php#comments</comments>
		<pubDate>Wed, 10 Jun 2009 22:46:57 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[stephanie fierman]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-new-bessemer-trust-ads.php</guid>
		<description><![CDATA[In January 2009, I started a new feature called &#8220;Tone Deaf Ad of the Week.&#8221; Since every financial services firm out there felt like it should advertise but had little to no idea what to say, there was a vast selection.
The first ad I picked on came from Bessemer Trust boasting the enormous headline, &#8220;We invest our money [...]]]></description>
			<content:encoded><![CDATA[<p>In January 2009, I started a new feature called &#8220;Tone Deaf Ad of the Week.&#8221; Since every financial services firm out there felt like it should advertise but had little to no idea what to say, there was a vast selection.</p>
<p>The first ad <a target="_blank" href="http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-bessemer-trust-advertising-misstep.php">I picked on</a> came from <a target="_blank" href="https://www.bessemer.com/portal/site/bessemernew/">Bessemer Trust</a> boasting the enormous headline, &#8220;<em>We invest our money right alongside yours..</em>.&#8221;  First off, my portfolio is in the tank and you&#8217;ve kicked off an ad talking about yourself.  More importantly, hadn&#8217;t the gruesome Fall/Winter of 2008 proven that idiots and jerks may in fact invest their own money unwisely and take themselves down right along with you?  Next!</p>
<p><a href="http://images.google.com/imgres?imgurl=http://sync.bigfix.com/case_studies/logos/F/bessemer_trust.gif&amp;imgrefurl=http://sync.bigfix.com/case_studies/customers.html&amp;usg=__JO20YZOQDAIsbQHm9NZt5TwM-tc=&amp;h=79&amp;w=132&amp;sz=3&amp;hl=en&amp;start=61&amp;sig2=A6RyNr6g9Tg1W5wfdaIn6w&amp;tbnid=5eoe0EmME8SgcM:&amp;tbnh=55&amp;tbnw=92&amp;prev=/images%3Fq%3D%2522bessemer%2Btrust%2522%26gbv%3D2%26ndsp%3D20%26hl%3Den%26sa%3DN%26start%3D60&amp;ei=kjcwSuGID4GQmAemg4X2Cg"><img align="left" width="92" src="http://tbn2.google.com/images?q=tbn:5eoe0EmME8SgcM:http://sync.bigfix.com/case_studies/logos/F/bessemer_trust.gif" height="55" style="border: 1px solid" /></a>Next came yesterday, in fact, with a new full-page ad in <em>The Wall Street Journal</em>.  The headline? &#8220;<em>Right now, you have two choices, sink or swim</em>.&#8221;  Why yes, it&#8217;s about me, the investor, thank you.  And the text, while too long, is more thoughtful &#8211; more <em>mindful</em> of what&#8217;s occurred in the last several months.  The company still insists on that &#8220;we invest our money right alongside yours&#8221; thing but the ad is a solid player.</p>
<p>So hats off to Bessemer for having the most improved, formerly tone dead ad of the week.  Keep it up!</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-new-bessemer-trust-ads.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Can Pick &#8216;Em</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-chase-direct-memories-and-fcs-portfolio-awards.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-chase-direct-memories-and-fcs-portfolio-awards.php#comments</comments>
		<pubDate>Tue, 26 May 2009 11:02:38 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[US economy]]></category>
		<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[financial services]]></category>
		<category><![CDATA[stephanie fierman]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-chase-direct-memories-and-fcs-portfolio-awards.php</guid>
		<description><![CDATA[Each year, the Financial Communications Society (FCS) recognizes firms in various categories for excellence in financial services advertising, collateral and (now) digital.  You can read the press release announcing this year&#8217;s winners HERE.
There are two reasons I wanted to write a quick post on this event:
(1) FCS named two of my faves as Best In Show.  [...]]]></description>
			<content:encoded><![CDATA[<p>Each year, the Financial Communications Society (<a href="http://www.fcsinteractive.com/default.aspx">FCS</a>) recognizes firms in various categories for excellence in financial services advertising, collateral and (now) digital.  You can read the press release announcing this year&#8217;s winners <a target="_blank" href="http://www.fcsinteractive.com/news/citi-leads-list-of-winners-at-15th-annual-fcs.aspx">HERE</a>.</p>
<p>There are two reasons I wanted to write a quick post on this event:</p>
<p>(1) FCS named two of my faves as Best In Show.  The first is American Express, which was named Best In Show &#8211; Corporate Image advertising for its Martin Scorcese-Tina Fey &#8220;Timeshare&#8221; (my label) ad.  The post I wrote about this ad is <a target="_blank" href="http://www.zimbio.com/Marketing+Wikizine+With+Stephanie+Fierman/articles/128/Stephanie+Fierman+Ponders+Platinum">HERE</a>.    The second is E*Trade which was selected Best In Show &#8211; Consumer Retail for its &#8220;Baby&#8221; campaign &#8211; and you know how much I love this campaign.  I <a target="_blank" href="http://stephaniefierman.com/stephanie-fierman-picks-of-the-week-20408.php">first wrote</a> after its premiere at the 2008 SuperBowl, then <a target="_blank" href="http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-etrade-baby-2009-superbowl.php">again</a> this past January when the second round of ads came out (&#8220;<em>I wanna punch the economy in the face</em>&#8220;).  And E*Trade has kept it rolling with two more greats, <a target="_blank" href="http://www.youtube.com/watch?v=Yhfl4mFH1No&amp;feature=channel">Singing Baby</a> and <a target="_blank" href="http://www.youtube.com/watch?v=zZetD7cdj7w&amp;feature=channel">Golf</a>. </p>
<p>(2) It&#8217;s a walk down memory lane. 2009 is the 15th year FCS has given its Portfolio Awards.  1995 was the very first year &#8211; and my team won an award for our <a target="_blank" href="http://www.nytimes.com/1995/06/13/business/chase-introducing-new-electronic-banking-account.html">ChaseDirect launch </a>campaign.  ChaseDirect was the U.S.&#8217; first national direct bank (even before Bank One&#8217;s <a target="_blank" href="http://en.wikipedia.org/wiki/Wingspan_Bank">Wingspan</a>, which many remember), and we won that night.  It was a business that we all felt passionately about and my team from Chase and <a target="_blank" href="http://en.wikipedia.org/wiki/Mary_Wells_Lawrence">Wells Rich Greene</a> were there to celebrate. </p>
<p>Congratulations to <a target="_blank" href="http://www.fcsinteractive.com/htmlemail/2009_FCS_Portfolio_Award_Winners.pdf">all</a> of this year&#8217;s winners.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-chase-direct-memories-and-fcs-portfolio-awards.php/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Says Her The Boss Is Best Ever! (On Twitter)</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-twitter-can-get-you-fired.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-twitter-can-get-you-fired.php#comments</comments>
		<pubDate>Fri, 15 May 2009 02:07:59 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Wall Street Journal]]></category>
		<category><![CDATA[blogs]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[stephanie fierman]]></category>
		<category><![CDATA[web 2.0]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-twitter-can-get-you-fired.php</guid>
		<description><![CDATA[So yes, this is another post about Twitter.  What can I say?  It&#8217;s the fastest growing, probably weirdest social media phenom thus far, and I&#8217;ve been sucked in.
One of today&#8217;s interesting tweety tidbits is a quite lengthy email that Rupert Murdoch &#8211; sorry, I meant the Deputy Managing Editor at The Wall Street Journal &#8211; [...]]]></description>
			<content:encoded><![CDATA[<p>So yes, this is <a target="_blank" href="http://stephaniefierman.com/stephanie-fierman-twitter-may-rot-your-brain-and-mine-too.php">another</a> post about Twitter.  What can I say?  It&#8217;s the <a target="_blank" href="http://http://news.cnet.com/8301-13577_3-10200161-36.html">fastest</a> growing, probably weirdest social media phenom thus far, and I&#8217;ve been sucked in.</p>
<p>One of today&#8217;s interesting tweety tidbits is a quite <a target="_blank" href="http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003972544">lengthy email</a> that Rupert Murdoch &#8211; sorry, I meant the Deputy Managing Editor at <em>The Wall Street Journal</em> &#8211; recently sent to employees outlining &#8220;do&#8217;s&#8221; and &#8220;don&#8217;ts&#8221; for employees on Twitter or otherwise engaged on the &#8220;social Web.&#8221;</p>
<p>It&#8217;s sort of a doozy.</p>
<p>Don&#8217;t &#8221;friend&#8221; confidential sources, don&#8217;t criticize colleagues, and my favorite (verbatim): &#8220;Don&#8217;t engage in any impolite dialogue with those who may challenge your work &#8212; no matter how rude or provocative they may seem.&#8221;</p>
<p>Employees may cite (but not push) their own reporting and &#8211; well, that seems to be pretty much all they can do.  And even that rule, as you can see, comes with a murky qualification.</p>
<p>Some of the restrictions make perfect sense, such as not detailing how an article was edited.  Others are ripe for wrongful discharge lawsuits, such as the &#8220;don&#8217;t&#8221; that says you mustn&#8217;t recruit family or friends to promote your work.</p>
<p>In most instances, this particular restriction would be nearly impossible to dissect and prove.  If I retweet comments from a former colleague who then talks up my work, did I <em>solicit</em> that positive feedback?  And, I&#8217;m sorry:  if my mom claims that I&#8217;m just the cleverest person ever ever ever, there&#8217;s nothing I can do about it.<a target="_blank" href="http://www.twitip.com/twitterfired-the-top-10-tweets-to-get-you-fired/"><img align="right" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/05/oracle-twitter.thumbnail.jpg" alt="oracle-twitter.jpg" /></a></p>
<p>So I was thinking that the whole thing seemed very 1984&#8230; until I spotted a blog post detailing <a target="_blank" href="http://www.twitip.com/twitterfired-the-top-10-tweets-to-get-you-fired/">real tweets</a> that some knuckleheads have posted on Twitter.  A sample (with all grammar errors intact):<br />
- &#8220;I just got to work (Oracle) and I am doing as little as possible&#8221;<br />
- “Huh, with my boss on twitter, maaaybe I should take down that sexy picture of her… but her reaction will be priceless!”<br />
- “hate my job!! i want to tell my bosses how dumb they are and how meaningless this job is, then quit, and be happy!”<br />
- “Workin… This job sucks worse then [sic] the economy!”</p>
<p>The title of this <a target="_blank" href="http://www.twitip.com/twitterfired-the-top-10-tweets-to-get-you-fired/">blog post</a>? &#8220;<em>TwitterFired: The Top Ten Tweets to Get You Fired</em>.&#8221;</p>
<p>Huh.  Maybe <em>The Wall Street Journal</em> Twitter police knows what it&#8217;s doing.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-twitter-can-get-you-fired.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Wouldn&#8217;t Ignore The Ladies</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-marketing-keeping-up-with-women-changing-media-habits.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-marketing-keeping-up-with-women-changing-media-habits.php#comments</comments>
		<pubDate>Thu, 07 May 2009 20:27:20 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[advertising]]></category>
		<category><![CDATA[blogs]]></category>
		<category><![CDATA[loyalty marketing]]></category>
		<category><![CDATA[market research]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[stephanie fierman]]></category>
		<category><![CDATA[women]]></category>
		<category><![CDATA[women online]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-marketing-keeping-up-with-women-changing-media-habits.php</guid>
		<description><![CDATA[Man, it&#8217;s a tough time to be a media company.  What with News Corp.&#8217;s operating income dropping 47% (99% in the newspaper business and 97% in the TV division) and both Arianna Huffington and Jeff Bewkes declaring the death of big media, what&#8217;s a media mogul - or budding mogul &#8211; to do?
One obvious answer IMHO [...]]]></description>
			<content:encoded><![CDATA[<p>Man, it&#8217;s a tough time to be a media company.  What with News Corp.&#8217;s operating income <a target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/05/06/AR2009050603131.html">dropping </a>47% (99% in the newspaper business and 97% in the TV division) and both <a target="_blank" href="http://www.huffingtonpost.com/huff-tv/arianna-testifies-about-t_b_198385.html">Arianna Huffington</a> and <a target="_blank" href="http://www.newsweek.com/id/195961">Jeff Bewkes</a> declaring the death of big media, what&#8217;s a media mogul - or budding mogul &#8211; to do?</p>
<p>One obvious answer IMHO should be an enhanced, more <em>enlightened</em> focus on women, because their behavior is changing and not enough advertisers and media companies appear to be keeping pace.  36% of women <a target="_blank" href="http://rs6.net/tn.jsp?et=1102572233957&amp;s=4160&amp;e=001qHY0sIQ7TL-v-kQXTeUpz0bweWmO6i_NH7V7e8lDjwQJJ3Pfk9A1p-_Xy8akohNpm67dAlk5hPSOB9ht5zHnjuWgDSLP_4yZtbOt1rMkI1fTDuE8veUOyRwOY-BBLMwpH6CQSkl4zATdPSOBMMzPJXwK86TWbpEZnyRvzd1ObuDslZ4Z4JE08S3r61FC-6-fM2LNBakOxuI=">claim</a> to be reading fewer magazines and 39% are spending less time reading newspapers.  These are consumers &#8211; moms, in particular &#8211; who control 85% of all household spending and are worth more than <a target="_blank" href="http://www.marketingtomomscoalition.org/">$2 trillion</a> in US spend each year.  That&#8217;s &#8220;trillion&#8221; with a &#8220;t.&#8221; </p>
<p>A lot of these women say they&#8217;re <a target="_blank" href="http://www.brandweek.com/bw/content_display/news-and-features/digital/e3i9813ed99c5e2b4f35d6f549572d82513?pn=2">migrating</a> online.  The fastest growing segment on Facebook is women age 40-50 in the home; moms aged 25-35 with at least one child are heavy online shoppers (see chart); and <a target="_blank" href="http://www.twittermoms.com">twitter moms</a> showed <a target="_blank" href="http://www.web-strategist.com/blog/2008/11/17/motrin-mothers-groundswell-by-the-numbers/">Motrin</a> who&#8217;s boss in November 2008.  &#8220;Power moms&#8221; are also increasingly focused on video, and even upload their own on a variety of topics at sites like <a target="_blank" href="http://www.newbaby.com">NewBaby.com</a>. </p>
<p><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/05/82200-powermoms_chart.jpg" title="82200-powermoms_chart.jpg"></a><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/05/82200-powermoms_chart.jpg" title="82200-powermoms_chart.jpg"></a><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/05/82200-powermoms_chart.jpg" title="82200-powermoms_chart.jpg"></a></p>
<p style="text-align: center"><img src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/05/82200-powermoms_chart.jpg" alt="82200-powermoms_chart.jpg" /></p>
<p>The problem is, is anyone listening?</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-marketing-keeping-up-with-women-changing-media-habits.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Isn&#8217;t Taking Your Survey. That&#8217;s A Problem.</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-market-research-is-as-good-as-its-design.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-market-research-is-as-good-as-its-design.php#comments</comments>
		<pubDate>Wed, 08 Apr 2009 21:28:25 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[market research]]></category>
		<category><![CDATA[stephanie fierman]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-market-research-is-as-good-as-its-design.php</guid>
		<description><![CDATA[I am hyper-sensitive to market research that is somehow flawed, or lopsided, or misrepresents the group being tested.  I&#8217;ve written a few posts on this very topic &#8211; here&#8217;s one on galvanic skin response, and measuring brand affiliation and a relatively new post on how Fuqua and the AMA mixed and matched some concepts on a [...]]]></description>
			<content:encoded><![CDATA[<p>I am hyper-sensitive to market research that is somehow flawed, or lopsided, or misrepresents the group being tested.  I&#8217;ve written a few posts on this very topic &#8211; here&#8217;s one on <a target="_blank" href="http://http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-neurofocus.php">galvanic skin response</a>, and <a target="_blank" href="http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-brand-loyalty-testing.php">measuring brand affiliation</a> and a relatively new post on how <a target="_blank" href="http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-cmo-survey-duke-ama.php">Fuqua and the AMA</a> mixed and matched some concepts on a questionnaire that IMHO compromised (some unknown percentage of the) results.</p>
<p>I&#8217;m into (a) crafting effective research vehicles and (b) making sure I&#8217;m talking to the people I <em>think</em> I&#8217;m talking to.</p>
<p>So I found an <a target="_blank" href="http://blogs.wsj.com/digits/2009/04/08/behind-sexting-survey-debate-over-how-to-poll-teens/">article</a> in <em>The Wall Street Journal </em>today very interesting.  In an online poll, <a target="_blank" href="http://www.cosmogirl.com">Cosmogirl.com </a>and the <a target="_blank" href="http://www.thenationalcampaign.org/sextech/">National Campaign to Prevent Teen and Unwanted Pregnancy</a> recently found that 1 in 5 teenagers have shared nude or nearly-nude photos of themselves on cell phones or the Web.  The article&#8217;s author, <a target="_blank" href="http://blogs.wsj.com/numbersguy/surveying-the-state-of-online-polling-661/">Carl Blalik</a>, points out how this statistic has taken on a life of its own in the media.  <em>20% of our teenagers are engaging in this dangerous behavior!! GAH!</em></p>
<p>The problem is&#8230; probably not.  Long story short, the research firm the two entities hired surveyed teens and young adults who had <em>previously signed up</em> to take online polls and surveys.  To many, this means that the survey polled individuals already predisposed to being on the Web a lot and engaging in technology-oriented activities. Then there are questions about who even in <em>that</em> group responded: the environments in which those surveyed could be dramatically different, for example (an 18 year old living at home may be different from one at college who might be different from one who is working full-time).  The <a target="_blank" href="http://www.tru-insight.com/">research company </a>did not normalize for the multiple factors that could affect the integrity of the research&#8230; with the biggie being that it&#8217;s highly unlikely that responses from a random sample of all teens in the given age ranges were captured.</p>
<p>Fascinating!</p>
<p>No one tried to hijack the research, no one had ill intent &#8211; there are no bad guys here &#8211; but this kind of thing happens.  And if the flaw isn&#8217;t caught, results fly into the universe and end up on the news every night.</p>
<p>Here&#8217;s a real-time, personal example.  Yesterday, I received an email from a company I don&#8217;t know anything about called <a target="_blank" href="http://www.advertiserperceptions.com/">Advertiser Perceptions</a> (and a reminder email today). The email asked me to click on a link to take a &#8220;Media Influencer&#8221; survey for which I would receive an honorarium of $20.  I do take online surveys here and there, and $20 bucks is OK, so I started the survey.   And it went on FOR-EV-ER.  That&#8217;s when I noticed that the cheery email copy said that the survey wouldn&#8217;t take more than 30 minutes.  <em>30 minutes??</em>  A half hour for $20 so a bunch of advertisers could figure out what to sell me?  No chance, no how, not going to happen.<img align="right" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2009/04/research.thumbnail.jpg" alt="research.jpg" /></p>
<p>So what kind of segmentation did Advertiser Perceptions do before they sent these emails?  Are they offering the same honorarium to an ad manager fresh out of college and a marketer with 20 years of experience?  I&#8217;d assume yes, and therein lies the garbage-in-garbage-out problem of the day.  If Advertiser Perceptions does not adjust for this bias, they&#8217;ll end up with a non-random sample of people who have the time and inclination to sit at their desks for 1/2 hour and take some third-party survey for $20.*</p>
<p>I can&#8217;t tell you exactly what that sample will look like, but I can guarantee it ain&#8217;t random or representative of the entire prospect list. </p>
<p>And there you have it.  Caveat Emptor.  Ask questions.  Does something &#8220;sound right&#8221; to you?  Because maybe it is&#8230; and maybe it&#8217;s not.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-market-research-is-as-good-as-its-design.php/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stephanie Fierman Sees More Of The Same.  Again.</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-financial-advertising-swings-to-safe-and-indistinguishable.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-financial-advertising-swings-to-safe-and-indistinguishable.php#comments</comments>
		<pubDate>Wed, 04 Mar 2009 23:32:02 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[US economy]]></category>
		<category><![CDATA[Wall Street Journal]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[financial services]]></category>
		<category><![CDATA[market research]]></category>
		<category><![CDATA[stephanie fierman]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-financial-advertising-swings-to-safe-and-indistinguishable.php</guid>
		<description><![CDATA[It is a good thing that bank and investment advertising no longer touts high-higher-highest (!) returns, Morningstar stars, 40-something couples retiring to their house(s) in paradise, and the like.   Outside of just a few stalwarts, such as Vanguard with its measured point of view and Bogle-esque approach, many of the siren calls in the newspaper, on television and online had [...]]]></description>
			<content:encoded><![CDATA[<p>It is a good thing that bank and investment advertising no longer touts high-higher-highest (!) returns, <a target="_blank" href="http://www.morningstar.com/">Morningstar</a> stars, 40-something couples retiring to their house(s) in paradise, and the like.   Outside of just a few stalwarts, such as <a target="_blank" href="http://vanguard.com/">Vanguard</a> with its measured point of view and <a href="https://personal.vanguard.com/bogle_site/bogle_home.html">Bogle</a>-esque approach, many of the siren calls in the newspaper, on television and online had all begun to (or already did) sound and look the same.  That&#8217;s not effective.</p>
<p>Now we appear to have swung all the way to the other extreme.  Take a look at a list of advertisers, all crammed into <em><u>today&#8217;s</u></em> <em><a target="_blank" href="http://www.wsj.com">Wall Street Journal</a></em>, along with text pulled verbatim from their ads:</p>
<p><a target="_blank" href="http://www.morganstanley.com">MORGAN STANLEY</a>:  &#8220;To find the smart investments today, you need to be world wise.&#8221;<br />
<span><br />
<a href="http://www.ml.com/index.asp?id=7695_15125">MERRILL LYNCH</a> (aka <a target="_blank" href="http://abcnews.go.com/Blotter/Story?id=6969628&amp;page=1">Bank of America</a>):  &#8220;Seeing clearly.  Acting confidently.&#8221;   &#8220;With personal insight into your goals and an understanding of the market&#8230;&#8221; &#8220;&#8230;Find a smart place for your money.&#8221;<br />
<span><br />
<a href="http://cmegroup.com/">CME GROUP</a>: &#8220;Rise Above the Risk.&#8221; &#8220;For more than a century CME Group has provided competitive, transparent and safe markets.&#8221; &#8220;&#8230;protect customers and ensure financial integrity by guaranteeing the performance of every transaction on our exchange.&#8221;</span><br />
<span><br />
<a target="_blank" href="http://www.tdameritrade.com/welcome1.html">TD AMERITRADE</a>: &#8220;There&#8217;s never been a better time for a second opinion.&#8221;<br />
<span><br />
<a target="_blank" href="http://www.fidelity.com">FIDELITY</a>: &#8220;Guaranteed income you can live with.&#8221;</span><br />
<span><br />
<a target="_blank" href="http://www.glenmedeim.com/">GLENMEDE</a>: &#8220;There&#8217;s no substitute for safety and stability.&#8221;</span><br />
<span><br />
<a href="https://www.pnc.com/webapp/unsec/Homepage.do?siteArea=/PNC/Home/Personal">PNC</a>:  &#8220;&#8230;It&#8217;s also a way of doing business that has strength and stability at its very core.&#8221;</span><br />
<span><br />
Safe, smart, transparent and guaranteed: these are the adjectives financial firms are now scrambling to use, as they adjust to our new reality  The problem is &#8211; well, it&#8217;s the same problem as before &#8211; if you sound like everyone else, the messages essentially melt into one and stakeholders become unable to distinguish one from the other.  If I held a focus group tonight, and scrambled the names of the above firms and the quoted text, I would challenge <u>anyone</u> to re-match the elements correctly.</span><br />
<span><br />
I&#8217;ll also say this:  killing your ads&#8217; effectiveness may, in fact, be the most benign result.  Worse?  Just as when every firm claimed great returns &#8211; which turned out to be untrue and, in some cases, unscrupulous &#8211; everyone claiming safety <em>now</em> looks equally unlikely and untrustworthy.</span><br />
<span><br />
All of these brands <em>are</em> more and are capable of <em>doing</em> more: the &#8220;more&#8221; being the hard work needed to determine exactly what it is about the brand that is unique and distinguishable from the competition.*</span><br />
<span><br />
Without doing this work, going out with a &#8220;safety&#8221; message isn&#8217;t safe at all.</span><br />
<span><br />
* I am aware that many of the above firms are in different businesses and are not competitors per se.  It does not matter, because it does not matter to the public. For individual investors (and Congress&#8230;), too much of the same becomes one, amorphous perception.<br />
<span><br />
<a rel="tag" href="http://technorati.com/tag/Morgan_Stanley"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= Morgan_Stanley" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> Morgan_Stanley </a><a rel="tag" href="http://technorati.com/tag/Merrill_Lynch"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= Merrill_Lynch" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /></a><a rel="tag" href="http://technorati.com/tag/Ameritrade"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= Ameritrade" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> Ameritrade </a><a rel="tag" href="http://technorati.com/tag/PNC"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= PNC" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> PNC </a><a rel="tag" href="http://technorati.com/tag/Fiduciary_Trust_International"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= Fiduciary_Trust_International" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> Fiduciary_Trust_International </a><a rel="tag" href="http://technorati.com/tag/Glenmede_Investment"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= Glenmede_Investment" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> Glenmede_Investment </a><a rel="tag" href="http://technorati.com/tag/Fidelity"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= Fidelity" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> Fidelity </a><a rel="tag" href="http://technorati.com/tag/CME_Group"><img src="http://static.technorati.com/static/img/pub/icon-utag-16x13.png?tag= CME_Group" alt=" " style="margin-left: 0.4em; vertical-align: middle; border: 0px" /> CME_Group </a></span></span></span></span></p>
]]></content:encoded>
			<wfw:commentRss>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-financial-advertising-swings-to-safe-and-indistinguishable.php/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>
