Good vs Great Marketing Campaigns
In the ever-evolving landscape of marketing, businesses grapple with the elusive concept of a good versus a great marketing campaign. This distinction is not lost on CEOs and the C-Suite, who consistently seek the secret sauce that propels a marketing effort into the realm of success. The allure of online videos and the dream of instant virality often cloud the understanding of what truly separates a great campaign from the rest. As this is perhaps the most common challenge we are presented with at Posito, we share the answer in the form of a process.
The Myth of Virality
Many believe that any business, at any time, can achieve overnight success through a viral campaign. However, the reality is far more complex. There exists a formula for success, but unlocking it requires a deep evaluation of several critical factors within the business. Simply perusing a website and analysing publicly available metrics are insufficient to understand the core competencies that drive a business’ success.
Team Dynamics and Company Culture
Before diving into the mechanics of a campaign, it's crucial to understand the team and culture steering the ship. Attitude towards risk and the ability to grasp a brand's core competencies are pivotal for marketing efficiency. This understanding forms the foundation for success, as aligning marketing efforts with the team's ethos and culture is integral.
Beyond Digital Spend
Contrary to popular belief, success in digital marketing isn't solely about pouring money into campaigns. Brand recognition, particularly instant familiarity, is key. This recognition can be achieved by aligning with successful businesses that share similar brand ethos but have a differentiator. It's not just about having a highly differentiated product; it's about resonating with the audience through a shared narrative.
Budgets and Insights
Marketing budgets matter, and many successful businesses invest heavily in building a knowledge base about customer behaviour across various platforms. Aspiring to be like successful brands involves understanding the confluence of market receptivity, internal marketing competence, and budget allocation.
Diverse Success Stories
Recognising that success stories fall into two major categories is essential. Incumbent brands with substantial consumer insights and multimillion-pound budgets differ from viral challenger brands that concentrate on specific marketing tactics. There's no one-size-fits-all approach, and understanding this complexity requires a deep dive into human psychology.
Contextualising Success
The concept of a great campaign must be contextualised by its emotional and long-term impact on consumers. While some businesses capitalise on being edgy and combative, alienating certain audiences but empowering a minority, others focus on becoming societal pillars, projecting an aspirational image. Success isn't solely defined by major budgets and notoriety; many great campaigns go unnoticed.
A Structured Approach
To navigate this intricate landscape, businesses can create a structured process that addresses each factor in turn, facilitating a natural development with each campaign. This process is particularly expedient for startups and small businesses, while larger corporations, with their comprehensive market understanding, may take longer. Despite the time disparity, the benefits for large corporations often outweigh those of startups due to efficiencies that result from having a large team and investments deployed in a more suitable way.
Key takeaways
In the quest to decipher the anatomy of a great marketing campaign, it's imperative to move beyond the mirage of virality. Success lies in understanding the multifaceted nature of marketing, recognising the unique qualities of each business, and crafting campaigns that resonate with the audience. Whether a startup or a corporate giant, the journey to greatness begins with a deep understanding of the brand, the market, and the team driving the marketing engine. If you’re facing this challenge and would like to discuss this in more detail, please don’t hesitate to get in touch.
Welcome to Posito
We specialise in using behavioural economics to enhance creative strategy, content creation and brand creation.
Chapters covered
The Myth of Virality
Team Dynamics and Company Culture
Beyond Digital Spend
Budgets and Insights
Diverse Success Stories
Contextualising Success
A Structured Approach
Key takeaways