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Presents
New Way Of Marketing

      Behavior Economics by W.Steinmann
Industrial Brand Management In
Memoriam
Welcome To The Era Of
Behavior Economics.
Industrial Vs Behavior

 USP – Unique Selling Proposition (1950’s)
 ESP – Emotional Selling Proposition (1960’s)
 OSP – Organizational Selling Proposition (1980’s)
 BSP – Brand Selling Proposition (1990’s)
 MSP – Me Selling Proposition (Y2K)
 HSP – Holistic Selling Proposition (Martin Lindström 2000’s)



 BP – Behavior Proposition (W.Steinmann 2010)
”Because companies can now
interact directly with customers, they
must radically reorganize to put
cultivating relationships ahead of
building brands.”
            – Roland T. Rust, Christine Moorman, and Gaurav Bhalla
                 in Rethinking Marketing / Harvard Business Review
"I believe advertising is the tax you
pay for being unremarkable.”

                   - Robert Stephens, the founder of GeekSquad
Lady Gaga – tax free
Welcome To The Era Of
Behavior Economics.
We can handle it.
Mikko Kaijansinkko – Strategy Director
W.Steinmann develops marketing in
era of behavior economics
Advertising

Strategic

Brands
"I believe advertising is the tax you
pay for being unremarkable.”

                   - Robert Stephens, the founder of GeekSquad
Remarkable > Innovation
“Innovation has transformed into cute
bunny everybody loves.”

                      - Alf Rehn, Professor Åbo Akademi
Everybody Can Innovate –
Break The Old To Create New:
Traditional Restaurant
You step in to restaurant
You meet waiter
You get a table
You see the menu
Your choose the serving and order it
Chef prepares the food
Waiter brings the food serving to table
You eat the food and pay for it to waiter / cashier
You leave after eating (and paying)
80/20 Rule Of Innovation?
Innovation Drives Change.
Without Change It’s Not Innovative.
Can You Name These Innovators?
Which One Is Different?
Can You Spare A Change?

The role of marketing department is about to change

The role of sales department is about to change

The role of research department is about to change
The Role Of Marketing

  From buyer to producer
  From silo to network
  From expert knows-it-all to collaboration
The Role Of Sales

  From seller to director/producer
  From silo to network
  From expert knows-it-all to collaboration
The Role Of Research
  From past oriented to future oriented
The Role Of Research
  From past oriented to future oriented
In Future You All Market, Sell And
Search For Knowledge.
If Not… You’ll Become Detroit
How Do You Feel Now?
Scratching The Surface Of
6 W’s Of New Way Of Marketing
What



Why Not. /
                         When
Barriers

             6 W’s Of
             Marketing

Where                    Why




               Who
What




New Marketing - What

What = social brand driven new marketing process

  Social media – NOT without social brand

  Social brand house rules
What




Social Media – NOT Without Social
Brand
Social Brand House Rules
When




 New Marketing - When

When = continuous instead of hit and run campaigns

    Old vs. New Model

    New campaign model is about continuous customer
    cultivation
When




Old Vs New Model
New Campaign Model Is About
                                  When




Continuous Customer Cultivation
New Marketing - Why                               Why




Why = to create stronger bond with customers in
 order to grow and improve efficiency

   Consumer life-time value
Consumer Life Time Value                                    Why




Customers / consumers are the most valuable brand assets

Brands focus too much on new consumers in expense of
current consumers

You are not in charge anymore. They are more important to
you than you are to them.
New Marketing - Who                             Who




Who = everybody, especially marketing & sales

  How to do this tomorrow?
Follow The House Rules
New Marketing - Where                            Where




Where = in touch points: real life, on-line, media,
 customer

   What is a touch point?
Touch points are places where person
interacts with brand voluntarily
                                       Where
Why
                                                Not.




New Marketing – Why Not / Barriers                 




Why Not. / barriers = not yet, what’s the ROI

   New metrics to measure success
Why
                                                    Not.




New Metrics To Measure Success

Sentiment metrics – feelings and emotions

Engagement metrics

From measuring yelling to measuring change of behavior
Social Brand




New Metrics                     Continuous


                  New
                Marketing

Touch Points                    Stronger Bond




               Everybody Does
Case: Social Brand Entering To Travel Market
Case Presents What & When W’s Of
Matkapaikka

What – social brand driven new marketing process

When – continuous instead of hit and run campaigning
Matkapaikka Is An On-line Travel Agency
With User Friendly Booking System
Everybody deserves their
own travel agency – matkapaikka.fi
What = Social Brand Driven New
Marketing Process

Matkapaikka Producer develops
content

Activities based on tailor made
proposition

House Rules in use

Planning starts with touch points and
developing social objects

Many interest related sites drive
relationship
When = Touch Point Based
Continuous Campaign Planning

Scripted launch plan on weekly basis

Partner generated content

User generated content, both direct and linked (e.g.
  Travelpedia)


Social networking (Facebook) drive sharing

Branding by selling
Examples Of Activations
Everybody deserves their
own travel agency – matkapaikka.fi
Questions?
Thank You!

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Behavior Economics

  • 2. New Way Of Marketing Behavior Economics by W.Steinmann
  • 4. Welcome To The Era Of Behavior Economics.
  • 5. Industrial Vs Behavior USP – Unique Selling Proposition (1950’s) ESP – Emotional Selling Proposition (1960’s) OSP – Organizational Selling Proposition (1980’s) BSP – Brand Selling Proposition (1990’s) MSP – Me Selling Proposition (Y2K) HSP – Holistic Selling Proposition (Martin Lindström 2000’s) BP – Behavior Proposition (W.Steinmann 2010)
  • 6. ”Because companies can now interact directly with customers, they must radically reorganize to put cultivating relationships ahead of building brands.” – Roland T. Rust, Christine Moorman, and Gaurav Bhalla in Rethinking Marketing / Harvard Business Review
  • 7. "I believe advertising is the tax you pay for being unremarkable.” - Robert Stephens, the founder of GeekSquad
  • 8. Lady Gaga – tax free
  • 9. Welcome To The Era Of Behavior Economics.
  • 11. Mikko Kaijansinkko – Strategy Director
  • 12. W.Steinmann develops marketing in era of behavior economics Advertising Strategic Brands
  • 13. "I believe advertising is the tax you pay for being unremarkable.” - Robert Stephens, the founder of GeekSquad
  • 15. “Innovation has transformed into cute bunny everybody loves.” - Alf Rehn, Professor Åbo Akademi
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  • 17. Everybody Can Innovate – Break The Old To Create New: Traditional Restaurant You step in to restaurant You meet waiter You get a table You see the menu Your choose the serving and order it Chef prepares the food Waiter brings the food serving to table You eat the food and pay for it to waiter / cashier You leave after eating (and paying)
  • 18. 80/20 Rule Of Innovation?
  • 19. Innovation Drives Change. Without Change It’s Not Innovative.
  • 20. Can You Name These Innovators?
  • 21. Which One Is Different?
  • 22. Can You Spare A Change? The role of marketing department is about to change The role of sales department is about to change The role of research department is about to change
  • 23. The Role Of Marketing From buyer to producer From silo to network From expert knows-it-all to collaboration
  • 24. The Role Of Sales From seller to director/producer From silo to network From expert knows-it-all to collaboration
  • 25. The Role Of Research From past oriented to future oriented
  • 26. The Role Of Research From past oriented to future oriented
  • 27. In Future You All Market, Sell And Search For Knowledge.
  • 28. If Not… You’ll Become Detroit
  • 29. How Do You Feel Now?
  • 30. Scratching The Surface Of 6 W’s Of New Way Of Marketing
  • 31. What Why Not. / When Barriers 6 W’s Of Marketing Where Why Who
  • 32. What New Marketing - What What = social brand driven new marketing process Social media – NOT without social brand Social brand house rules
  • 33. What Social Media – NOT Without Social Brand
  • 35. When New Marketing - When When = continuous instead of hit and run campaigns Old vs. New Model New campaign model is about continuous customer cultivation
  • 37. New Campaign Model Is About When Continuous Customer Cultivation
  • 38. New Marketing - Why Why Why = to create stronger bond with customers in order to grow and improve efficiency Consumer life-time value
  • 39. Consumer Life Time Value Why Customers / consumers are the most valuable brand assets Brands focus too much on new consumers in expense of current consumers You are not in charge anymore. They are more important to you than you are to them.
  • 40. New Marketing - Who Who Who = everybody, especially marketing & sales How to do this tomorrow?
  • 42. New Marketing - Where Where Where = in touch points: real life, on-line, media, customer What is a touch point?
  • 43. Touch points are places where person interacts with brand voluntarily Where
  • 44. Why Not. New Marketing – Why Not / Barriers   Why Not. / barriers = not yet, what’s the ROI New metrics to measure success
  • 45. Why Not. New Metrics To Measure Success Sentiment metrics – feelings and emotions Engagement metrics From measuring yelling to measuring change of behavior
  • 46. Social Brand New Metrics Continuous New Marketing Touch Points Stronger Bond Everybody Does
  • 47. Case: Social Brand Entering To Travel Market
  • 48. Case Presents What & When W’s Of Matkapaikka What – social brand driven new marketing process When – continuous instead of hit and run campaigning
  • 49. Matkapaikka Is An On-line Travel Agency With User Friendly Booking System
  • 50. Everybody deserves their own travel agency – matkapaikka.fi
  • 51. What = Social Brand Driven New Marketing Process Matkapaikka Producer develops content Activities based on tailor made proposition House Rules in use Planning starts with touch points and developing social objects Many interest related sites drive relationship
  • 52. When = Touch Point Based Continuous Campaign Planning Scripted launch plan on weekly basis Partner generated content User generated content, both direct and linked (e.g. Travelpedia) Social networking (Facebook) drive sharing Branding by selling
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  • 65. Everybody deserves their own travel agency – matkapaikka.fi