Friday, 19 January 2018

A key habit every consumer goods marketer needs to have


Every consumer goods marketer knows that stores hold lots of information. Shelves space, appearance, turnaround, promotions locations, prices, in-store communication,... - there is a ton of things that you can learn from a store. You might even talk with a shopper in front of a shelf, with a polite introduction and some well honed questions - and again, you will learn a lot. But there is this key thing you can do in a store that can unlock even further information, and that many marketers don't. You can talk with your restocker.

Yes, the person that replenishes the stores' shelves with your products is one of the most valuable sources of information you can have. They can tell you not only about your products performance (and detail it by variant and size), but also about your competitors. They can comment on which kind of promotion is the most successful and who buys it, based on what they see. They can tell you about pricing and how you can use instore communication (and in a world where this communication is more and more limited by store management, they can even get you a break on this). And they can tell you about how your operations are going, how are things happening on the back of the store - is there any logistics problem, any out of stock or delivery issue, any quality problem? If you go and ask about these things to a restocker (and believe me, they will be willing to talk to you if you show how interested you are and that you work with those brands) they will provide you with important, valuable (qualitative) information and insights, completed unfiltered.

The people that are closest to the market typically have key insights. And there aren't many people that are closer than the restockers, that actually handle your product in stores. So, make a habit of going to a store and talking with them. You won't believe how good is the information you will get. I am still amazed at what I learn on those conversations!

Sunday, 7 January 2018

The 5 seconds rule in Youtube

When we are talking about digital video advertising, Youtube ends up being the most talked name in any conversation. Youtube's capacity to attract content is amazing - every 2 months, the content uploaded to Youtube surpasses the one created by the 3 main US TV broadcasters in the latest 60 years. It is a fabulous and diverse content, that Youtube explores to the limit of its advertising capabilities. 

The main advertising format you have in Youtube is to insert a commercial during a Youtube video, at specific lengths of it. It is similar to a TV commercial, and it is an interruption of the user playtime - so Google went one step beyond TV and gave a bit more of power to the user. The viewer has the option to stop the commercial and go back to the content it was viewing anytime after 5 seconds of commercial play. That means that the consumer has the option to cut you out after 5 seconds.

When I am around in Youtube (and I have a small child, so "Peppa Pig" and "Little Baby Bum" are part of my friends) I am amazed at how many advertisers ignore this rule. Because it has considerable implications on the way people watch your commercials, and how you should develop them. 

We are typically taught that a good video (TV) commercial is based on a small story where you create tension that is solved by your brand, highlighting its main benefit - that is the base for engagement and message communication, and it should put your brand as the hero of your commercial, strengthening branding. Now, that means that your brand is only explicit to the consumer late in the communication (typically, only after 12 secs in a traditional 30 secs commercial). Will your commercial viewers on Youtube understand what brand is communicating to them on this case? Not 98% of them, because they will cut it out at 5 secs, while you are still building up (or just introducing) your story.

The solution is to adapt your commercial to the media (as it should always be the case, by the way). Make a specific Youtube version (cut) of your commercial. If viewers have the power to cut you out after 5 secs, the absolute rule is that the brand should be explicit in that time frame - show your brand in the first 5 seconds. If you can show its main selling point / attribute, even better. But never air an ad that is not clearly branded in the first 5 seconds in Youtube - that's just a waste of your budget.