The Identiti Chronicles

The Evolution of Your Brand’s Identity

Archive for Trends

The Most Advanced Direct Marketing Strategy

Viral Expansion LoopsDefined the success of Hotmail, Google, Craigslist, Ebay, Amazon.com, Paypal, LinkedIn, Flickr, the list goes on.  They all incorporate “virality” into the functionality of their core existence.  Viral Expansion Loops are consided the type of engineering alchemy that with executed properly, they are self replicating.  No wonder Web 2.0 seems to be the formula for success.  The likes of Myspace and Facebook were designed specifically to exploit the notion of viral loops; driven by user generated activity that drove consumer adoption into the stratosphere.  Viral expansion loops have long existed offline too…think Tupperware parties, multilevel marketing, chain letters, and even pyramid schemes.  The newest app to catch the viral loop craze – Widgets.  Now we are moving beyond viral loops to viral networks and double viral loops.  Is your brand capitalizing on viral expansion loops?

People are Building Brands

Not advertisers, not advertisers, and not brand stewards (read Mediapost article).  Brands are now being defined by the conversations consumers are having about products and services.  That means in order to keep building brands, brands must go where the consumer is going.  comScore reported that every month 600 million people visit conversational media sites.  In this era of consumer-in-control movement that leaves very little comfort as brands must now venture into unchartered territory.  Nevertheless, the societal shifts necessitate that brands follow or perish.

Status Spheres: The Spheres of Influence

STATUS SPHERES can be loosely defined as those variety of lifestyles, activities, and persuasions that shape the outward “identity” of todays consumer.  1. Traditional Sphere is about buying more and/or better stuff than fellow consumers (consumers who do want to consume more, who do covet all things bling, who do crave in-your-face brands).  2. Transient Sphere is driven by entertainment, by discovery, by fighting boredom, living a transient lifestyle, freeing oneselves from the hassles of permanent ownership and possessions.  3.  Online Sphere is all about social status 2.0 (who you connect to and who wants to connect to you, tribal-style).  4.  In the Giving Sphere, giving is the new taking.  5.  For the Participation Sphere, participation is the new consumption. For these creative beings, status comes from finding an appreciative audience. 

Book: RenGen (Rise of the Cultural Consumer)

In Patricia Martin’s book, rengen, the cultural consumer is defined as a thinking, expressive, and idealistic individual that istransforming and challenging current notions around consumer behavior.  The importance of the cultural consumer concept is understanding how the collective identity of the consumer mindset has shifted.  Patricia notes that it’s not whether marketers have failed to witness the shift; it is that they are ill equipped to capitalize on the rebirth.  “In the RenGen, there is no safe passage for brands that are willing to insult the intelligence of consumer” – Patricia Martin 

INTERACTivism – Defining the Culture of Customization

The societal shift is called “Prosumerism.”  It is where the Consumer is the Producer,  defining and producing the produce.  Hence any new go-to-market approach must elicit the participation of the consumer.  Think Geico, CurrentTV, or thetruth campaigns.  The Prosumer movement is driven by early adopters.  The key is to allow this prosumer to co-opt or co-author their brand experience.  This is all fueled by the national trend of Mass Customization (or when consumers get to decide the exact specifications of their end product or service) for which the advancement of technology has largely been the culprit.  What marketers collectively fail to see is that “customization” is how brands breakthrough the clutter.  Now enter “INTERACTivision,” a term coined by a group called GTM out of Atlanta.  INTERACTivision is marketing by which consumer empowerment (the impetus for prosumerism) and respect for the culture (that culture being co-creation) come first.  It reflects an innate understanding for societal influences.

Tracking the Societal Shifts

Much talk has been given about following consumer sentiment as a means of being irreverant in the eye of the consumer.  But why following something that’s in a constant state of flux.  It’s the societal shifts that we as marketing mindsets must unearth as the key to refining business strategy.  Hotels Magazine (based on JWT insight) recently wrote about how “Demography Is Dead” and that the shift will be towards behavioral attributes to reach markets; how cell phones, location-based technologies and sites such as Google are truly Localizing” the world we live in; businesses need to “Rethink Instant Gratification” and how “Custom-made” and “one-of-a-kind” are rising above the mass-produced din of “now”; the rising power of women  now means that “Queen Trumps Kings”fractional ownership is moving beyond time shares but “Cooperative Consumption” personifies how people are sharing art, handbags, technology, pets, etc; and other shifts such Virtual Anthropology (think viewers of YouTube and Myspace postings) all tell a far more profound story of what’s to come. 

Trends Redefining Marketing

iMedia released the article 5 trends to watch…or else! back in June…And yes it is a definite must read.  The trends talk about societal changes which for any true strategist are far more telling signs than any new marketing phrasology.  1) It starts with the notion of Voyeurgasm (what trendwatch called Virtualanthropology) or our need to WATCH!…and to watch what reality versus studio produced.  Think Rodney King, 9/11 plane crashes, YouTube, you get it.  This will and is reshaping the entire face of media.  2) Second is the Digital LifestyleAn average of 26 consumer electronics in every home, Myspace online population rivals Brazil (difference is 7MM), and broadband users spend half their free time online — you do the math.  3) This brings us to the most important of all…TimeIf you think TIME is not the most scarce resource, better look at the trend behind the personal concierge (here’s one – bravura).  Need more proof, sleeping pills scripts surged 60% in 7 years, a $7B energy drink marketplace, and so on.  4) The Unwired trend…meaning we’re going mobile or mo-byle as the Brits would say…1.15B mobile phones estimated to be sold in 2007 resulting in what iMedia calls an “instant-on” culture.  5)  Number five is no secret…it’s the Excess we live in, yes our marketing messages, consumer good consumption, commuting hours, work hours…that’s why we running to Vegas to let it all hang out…Source – original article by Michael Tchong