Thursday, November 28, 2013

Coca-Cola Case Study

"Mar'Mar old friend, 
I know what you mean, 
A stack large as that is a sight to be seen."


On April 25, 2012, at the NAMA Oneshow, Dan Avenick, Director of Vending Strategy, and Douglas Busk, Mobile Brand Strategy, represented Coca-Cola in a presentation titled Consumer Engagement and Social Media. The two outlined (regarding social media) “4 ways to use it: Build brands, drive sales, improve customer service, and recruit talent.”
Coke partnered with ThisMoment to develop “Pantry”, a social marketing system which can help them share, re-use and distribute content across all social end points and devices.
At this year’s #SocialShakeUp, Coke’s Director of Digital Strategy and Content Neil Bedwell said “a brand’s job is to create meaning.” Coca-Cola’s meaning? Worldwide Happiness.  
I have no doubts that Coca-Cola is the best in the world at creating happiness through advertising. It’s hard not to be happy after watching all their innovative YouTube campaigns.They have done it for 100 years, and it looks like they will do it for 100 more.
My question is, why don’t more people share their stuff on Twitter? It’s just interesting to me to see a brand with several million followers and a presence in 206 countries get 8 RT’s. Two of the biggest social networks in the world, dominated by this brand’s target demographic, seem untapped on the surface.   
Perhaps Coca-Cola’s largest Social campaign to date was Expedition 206. In 2010 the brand used social media to choose three individuals who would travel the world, visiting 206 countries, taking photos, making videos, sending out updates on Twitter and Facebook, and connecting with individuals around the world. @x206 had a Twitter following of 1,391 at the time of this writing. Sure, people may have unfollowed, but for an international social media campaign this one was chalked up as a disappointment.
“Be share-worthy in everything you do.”
Wendy Clark (SVP of Integrated Marketing Communications and Capabilities at Coca-Cola)
Following their 70/20/10 liquid content strategy it is easier to understand why so much of their content is safe. 70% of content is low risk. 20% of content innovates off what works. 10% of your content is high risk ideas.
But safe is different than boring. Forget their statistics. Get on Coca-Cola’s Twitter page now. A good follow? Millions of fans, and most of their photos have RT and Favorite counts below 100, sometimes even in the single digits. Worse yet, the responses are minimal, the conversation isn't there, Coca-Cola isn't a beacon for happiness, they’re a beacon for…Cokes.  This was the same problem for their @x206 campaign, instead of showcasing the world’s happiness, the three individuals were the stars of the show.
What do you think about the social presence for a brand like Coke? For all I know they’re hitting every target they set and are wildly successful using the platforms. After all, they are a brand built by consumers. Maybe they are more focused on making people tweet about them organically. Whatever is going on, it’s interesting to see their Twitter page get the number of RT’s and responses it does for a brand of their stature.

Sources







Pleasant Surprise: Jos. A Bank (Discounts) vs. Men's Warehouse (Content)

Jos. A Bank vs. Men's Warehouse
Engage vs. Discounts

"What it is we say?
'Set the stage to Engage?'
The goals we set are reached by the kinda goo we mix,
The kinda goo that sticks, kinda goo that keeps us fresh.
Hey, I've wrong been wrong before,
Learn every day in this developing world.
The other day I'm learning,
Sunk on my couch,
I learned a little something that I felt I had to shout."

This semester we're doing our big project for the business school: Business Policy. Teams of 5 select a company, create a 5 year strategy with financial forecasts, and present it at a final presentation. Well, we choose Jos. A Bank, the Men's Retailer with the third highest margin in the industry. That's right, the "buy 1 get 8 free" retailer. Our competitor is Men's Warehouse. I didn't look into their Social Media presence until after we had built the whole presentation, finished the paper, and prepared to present. But, after finally digging in, what I found amazed me - and it shouldn't have. Turns out, Jos. A Bank sees 8x the interaction on Facebook as their main competitor Men's Warehouse, a competitor focused on younger markets. Their website sees 400k more monthly visitors than MW, with 5% of them coming from Facebook.

Take a quick look at each page. Considering all you've learned in SM, which page would you think is set to be more successful. Keep in mind, MW product line is targeted more towards the 18-25 market than ours:
https://www.facebook.com/Jos.A.Bank.Clothiers.Inc
https://www.facebook.com/MensWearhouse

Now, take a look at those PTAT numbers. MW is about .6% of total following while Jos. A Bank is hovering around 4%.

How? Duh: The discounts. The PTAT number includes people who have claimed an offer from the brand recently. Jos. A Bank's business model is marking up items and discounting them to entice customers. Even though they target an older demographic, they see more activity from college students. They are a natural fit for Social Media.

When I was starting a daily deal site for college students a few years ago all the research said that the #1 reason college students interact with brands is coupons. It was promising research for somebody starting a coupon site targeting college students and leveraging social features to tip the deal instead of x number of people needing to actually purchase the deal to activate it.

But, we do forget, and that stat didn't pop in my head for the entire semester, until I looked at the numbers.

Moral of the story: Consumers will be consumers. Saving money rules over talking with brands. I feel like this finding brings a little perspective. Sure, great creative engaging content can make a brand look less, well, brand-y, but at the end of the day consumers exchange cash for goods or services. If they can exchange less cash and get the same services, well, that's King, and social networks don't change it.

Note: Jos. A does have great content on their website, but it's not the focus of their social pages. The focus is their pages. If you're looking for really good timeless fashion advice for Men check out their Expert Advice pages.