national fancy food show presentation

48
The Trailblazer Path to Extraordinary Brand Growth…

Upload: robert-wheatley-emergent-healthy-living

Post on 11-May-2015

1.314 views

Category:

Business


1 download

DESCRIPTION

This is my presentation for the National Fancy Food Show in San Francisco on January 18th, 2010. My seminar is titled "Marketing Food Brands with Emotional Firepower: How to Build Brand Preference and Sales. Visit my blog at www.wheatleytimmons.com/blog

TRANSCRIPT

Page 1: National Fancy Food Show presentation

The Trailblazer Path to Extraordinary Brand Growth…

Page 2: National Fancy Food Show presentation

Your Business Future?

Page 3: National Fancy Food Show presentation

Super Target

Value Proposition

Higher Purpose

Power Positioning

Social Media CommunicationTra

ilbla

zer

Page 4: National Fancy Food Show presentation

Brands are no longer in control – the consumer is now running the show…

Page 5: National Fancy Food Show presentation

Chef Michael Chiarello Video…

Page 6: National Fancy Food Show presentation

Mad Men Model: Interrupt, Imprint, Persuade

Page 7: National Fancy Food Show presentation

Push-Button Marketing is Dead.

Page 8: National Fancy Food Show presentation

If You Build It They Will Come?

Page 9: National Fancy Food Show presentation

Today, successful brand relationships are like the ones we have in real life…

Page 10: National Fancy Food Show presentation

Achieving traction…How?

RELEVANCEMEANINGCONVERSATIONLOVEEMOTION

Page 11: National Fancy Food Show presentation

Trust not intrusion…

It’s less and less about intrusion…

Page 12: National Fancy Food Show presentation

Competition is no longer at the shelf, in frequency of promotions or tonnage in “push” communication….

Page 13: National Fancy Food Show presentation

What you ultimately need to grow business: changes in consumer attitude and behavior…

Page 14: National Fancy Food Show presentation

The battle is in here first…

Page 15: National Fancy Food Show presentation

People are not fact-driven, analytical decision-making machines…Rather our brains are “expectation creation” machines…

Page 16: National Fancy Food Show presentation

OVER CHOICE

Page 17: National Fancy Food Show presentation

Commoditization and Saturation

SAMENESS

Page 18: National Fancy Food Show presentation

Milk-mania:

WholeFat-Free1%2%Lactose-FreeVitamin D FortifiedProtein EnrichedOrganicSoyRice

Page 19: National Fancy Food Show presentation

Absence of trust

Too much choice

Lack of distinctiveness

Confusion

Skepticism

Not enough time

Too much noise

Page 20: National Fancy Food Show presentation

Yeah, Whatever…

Page 21: National Fancy Food Show presentation

Your goal as a business is NOT to acquire customers to make more money. Your goal is to use money to acquire and keep happy customers…

Page 22: National Fancy Food Show presentation

Stop Transactional Thinking!!

Page 23: National Fancy Food Show presentation

The intellectual space a brand can own is in direct proportion to its meaning and value to the consumer…

Page 24: National Fancy Food Show presentation

“Science now proves what brand strategists have always sensed. We human beings have a need to believe in and act upon something that’s greater than ourselves… Let’s realize the significance of this discovery and impress upon ourselves that a brand is a belief system. Want greater rewards? Then impart your brand with greater meaning…”

Page 25: National Fancy Food Show presentation

Brand Behavior Boot Camp

Be different – Gets attention

Be desire-able – Ignites interest

Be real – Creates trust

Be interesting – Generates support

Page 26: National Fancy Food Show presentation

Relationship driven

Trump expectations

New category creation

Exude uniqueness

Disrupt conventionsTra

ilbla

zer

Page 27: National Fancy Food Show presentation

Assessing Brand Strength

High Uniqueness

Low Relevance

Low Uniqueness

Low Relevance

High Uniqueness

High Relevance

Low Uniqueness

High Relevance

Uniqueness…

In brand’s ability to deliver a solution

Relevance…

Consumers truly care about and are interested in your proposition

Page 28: National Fancy Food Show presentation

Brand Value Continuum

Interesting or Unique

Twist

Remarkable and

Naturally Alluring

Just Another One

Surround with External Meaning

Requires Validation and Buzz

Experience and Engagement

Pricing Pressures

ValueProposition

ExpectationDriven

SOLUTIONS

CONDITIONS

Page 29: National Fancy Food Show presentation

Brand Value Creation Wedge

Under Leveraged More Powerful

Understood Less Powerful

Functional Value

Financial Value

Intangible Value

Emotional Value

Page 30: National Fancy Food Show presentation

Emotion drives purchase

Emotion drives purchase

Page 31: National Fancy Food Show presentation

Your mission: create links to consumer passions…

Page 32: National Fancy Food Show presentation

Apple sells popular culture

Pampers sells parenting guidance

Harley sells socially acceptable rebellion

Nike sells sports passion

Dove sells respect for natural beauty

Corona sells relaxation and aspirational vacation

What’s Your Higher Purpose?

Page 33: National Fancy Food Show presentation

Identify and understand the Food Super Target…

Page 34: National Fancy Food Show presentation

Engaged in culinary behaviors

Enjoys shopping at supermarket – early adopter

Respects food heroes -- Chefs

Consumes food media

Likes to experiment and create in the kitchen

Adopts professional cook techniques for home use

Gets emotional payoff from cooking/taste experiences

Authority on food trends

The Food Adventurer…

Page 35: National Fancy Food Show presentation

Food Adventurer Brand Value Proposition

PRICE

HIGH QUALITY

CONVENIENT

DELIVERS TASTE PERFORMANCE

REWARDS LOYALTY

TEACHES ME TO USE

MAKES COOKING FUN & ENTERTAINING

HELPS ME REALIZE MY CULINARY PASSIONS

UNDIFFERENTIATED EXPECTED

DIFFERENTIATED UNEXPECTED

BRAND

“SAMENESS”

Page 36: National Fancy Food Show presentation

Your name is the brand that feeds and

nurtures the consumers’ passion for

creativity, self-expression, discovery, sense of

family and enjoyment with cooking.

Page 37: National Fancy Food Show presentation

“Together we can help you do it yourself…”

Page 38: National Fancy Food Show presentation

Feeding the Passions of the Food Adventurer

Page 39: National Fancy Food Show presentation

Collaborate with heroes

Teach and educate

Construct brand experiences

Build Share of Countertop

Create an enable community

Bring compelling value to existing routines

Steps to food brand relevance…

Page 40: National Fancy Food Show presentation

Power Positioning -- unique, different = new category creation…

Page 41: National Fancy Food Show presentation

Map the Circle of Influence…

Page 42: National Fancy Food Show presentation

Wheatley & Timmons Brand Trust Ladder

INVASIVETelemarketing,

spam

PUSHAds, promos,

direct mail

AUTHENTICExperiences

Events

VALIDATIONTrusted

Influencers

Character of

Customer Interaction

Communication ROI

Relationship Driven

Transactional

Tuned Out Engaged

Trusted

Disbelief

Page 43: National Fancy Food Show presentation

Social media is word of mouth on steroids

Social media can help create customers

Page 44: National Fancy Food Show presentation

If Facebook were a country it would be larger than Japan.

Page 45: National Fancy Food Show presentation

Your new food media tool kit…

• Social media platform• Videos• Podcasts• Blog• Links• Photo gallery• Interactive webcasts• Recipe sharing• Experts and credible third parties

Page 46: National Fancy Food Show presentation

1. How do we continuously create energy and word of mouth through specific actions that add value to our customer’s lives?

2. Does your product, it’s packaging, Web site and communication cause people to stop, look and listen?

3. Is it unexpected? Desire-able? Newsworthy?

4. Would people tell others about it?

Communications planning…

Page 47: National Fancy Food Show presentation

A higher purpose leads to a relationship…

A relationship leads to engagement, mattering and preference…

And that generates sales.

Tra

ilbla

zer

Page 48: National Fancy Food Show presentation

Bob Wheatley

Wheatley & Timmons, Inc

312-755-6200

[email protected]

Blog: brandtrailblazers.com/blog

Web: www.wheatleytimmons.com