Giving New Meaning to "Branding"
An ad agency responds to bigger rivals by going back to basics and giving clients the how, when, and why of what it can do for them by Karen E. Klein and Meg Goodman
When it comes to marketing, Corporate America bandies about big words and backs them up with bigger bucks. Meanwhile, small-business owners implement major marketing efforts on minute budgets. In this occasional look at marketing strategies, Smart Answers columnist Karen E. Klein will detail a small outfit's marketing strategy and efforts and run them by Chicago marketing executive Meg Goodman.
The Company: Metaphor Studio, based in Cincinnati.
The Entrepreneur: Ran Mullins, CEO and Creative Director.
The Challenge: With the economic downturn of the past few years, Metaphor Studio, a midsize advertising and technology agency in Cincinnati, began to see its potential client pool raided by larger agencies -- competitors that had not been interested in the smaller outfits that are Metaphor's bread and butter. As a result, winning new business became particularly tough.
The Need: Mullins saw the increased competition as a prime opportunity to refocus his business. Specifically, he and his staff set out to put a new face on a tried-and-true advertising practice: "branding." The term, which was much bandied about in the freewheeling '90s, confused clients because of its manufactured mystique, Mullins says.
"While small-business owners readily accepted that the big companies were branding every day, they had no concept that they were doing the same thing," he explains. He realized that Metaphor needed to redefine branding as it applied to the needs and everyday business experiences of clients and prospects.
The Solution: "We decided that the translation of marketing language would be the key to success," explains Mullins. "We worked to break down the term and its execution into steps that our prospects could identify with, hoping they would recognize those steps as something they commonly practice."
The team at Metaphor Studio defined "branding" as "community experience development" (CED), a comprehensive consulting method for creating, managing, and tracking brand communities [i.e., consumers] and leveraging the information to cultivate, fascinate, and illuminate the target audience. Metaphor began to leverage this terminology on its Web site, in sales presentations, and with business associates.
It defined "cultivate" as the means by which clients attract and nurture customers, in part by creating demographic and ethnographic profiles. For "fascinate," it pointed to clients' desires to engage customers with relevant, creative, and informative content, and then to track the effectiveness of new products and services. As for "illuminate," that referred to client's need to educate customers about new offerings.
The Result: Armed with the new definition, Metaphor Studio has steadily turned project work into long-term client relationships. The company exceeded its goals in 2002 and marketing experts recognized the strategy with Web site awards and a mention in a new leadership book. Mullins says his favorite recognition came from a prospect who attended a presentation, then exclaimed, "Oh, that's marketing 101!"
Expert's Verdict: "The new definition that Metaphor Studio developed has succeeded in attracting new clients, who thoroughly understand what work will be performed for them," says Goodman. "Metaphor has achieved what companies often fail at doing: clearly giving structure and substance to a service. In addition, they have made a complex methodology easy to understand.
"However, the firm has taken what they term a 'decidedly e-approach' to their marketing efforts. This is quite evident in their Web-page explanation of the process. Perhaps additional companies would be receptive if Metaphor applied this concept to more traditional marketing channels, such as print, radio, TV, and direct mail. Expanding their efforts would give them a bigger tool box to use for reaching their clients," adds Goodman.
"Nonetheless, the central point is that they have clearly demonstrated to small- and midsize companies that they are routinely using and succeeding with the very same marketing methods once attributed solely to big companies. And, when all of the fancy rhetoric and buzz is stripped away, it becomes more obvious that there are in fact many [clients] whose successes could rival the big guns with Metaphor's help."
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About Metaphor Studio: Metaphor Studio is an advertising and technology agency providing Branding, Interactive, and Advertising Strategy since 1997. At Metaphor Studio we are experts in identity and interactive experience management. Specializing in Community Experience Development by providing strategies for sharing, participation and fellowship among brand communities. We define and develop communities that empower epic change by Cultivating members and clients through expert targeting, Fascinating the target audience through highly sophisticated and high-quality touch and using Illumination to assure lasting results by teaching community members about new and forthcoming offerings. Communities that understand your industry, your business or research goals, and can ultimately enhance your ability to effectively dominate your industry. Learn more at MetaphorStudio.com
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Past Issues:
2004
Q1 2004 - CHANGE!
Q2 2004 - Branding Personality
2003
Q1 2003 - Cultivate
Q2 2003 - Fascinate
Q3 2003 - Illuminate
Q4 2003 - Celebrate
About CED: Community Experience Development™ (CED) is a business philosophy that focuses on the proprietary consulting strategy of Metaphor Studio, LLC, utilizing Internet methods for revolutionizing brand communities. CED includes cultivating, fascinating, and illuminating the target audience through personalized and non-personalized membership communities. The core CED principles involve leveraging intellectual properties to position each community creator as the leader and expert in their given community. Achievement of CED objectives results in the evolution of the brand community as the destination point for the given topic both online and offline. Download the complete executive whitepaper.
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