The Sleeping Barber - A Business and Marketing Podcast Sleeping Barber
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- Business
Welcome to the Sleeping Barber podcast with your hosts, Marc Binkley and Vassilis Douros.
The sleeping barber is a classic computer programming problem that illustrates the challenges of effectively managing multiple systems processes.
In business, we're faced with similar challenges. How do we align operations, IT and HR to execute a strategy and drive growth? How can accounting and legal help build and defend brands? How do marketing, sales and customer service teams effectively and efficiently acquire and serve customers? These challenging problems are exactly what this podcast is about.
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SBP 069: Slaying Marketing's Sacred Cows. With Dale Harrison.
This week's episode of the Sleeping Barber podcast features Dale W. Harrison, Commercial Strategy & Marketing Effectiveness Consultant @ Inforda Services. Dale features an extraordinary background from physics to finance and marketing.
We dive into the fallacies of demand generation, the truth about ROI, and the impact of brand awareness. Don't miss this enlightening discussion that will leave you with a new perspective on marketing strategy.
Enjoy the show!
Our Guest:
Dale W. Harrison
LinkedIn: https://www.linkedin.com/in/dalewharrison/
Youtube: https://www.youtube.com/@BiotechBestPractices
Our Hosts:
Follow our updates here: https://www.linkedin.com/company/sleeping-barber/
Get in touch with our hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
Timestamps
0:00 - Introduction
2:46 - From experimental physics to finance to marketing
10:22 - Faith-based beliefs like lead nurturing and scoring
14:19 - Why some marketing measurements aren’t metrics
17:54 - Lead scoring, MTA & sales velocity should never be performance metrics
23:05 - Comparing the path to purchase of real customers to interpreted intent signals
31:15 - Why ROI is a troubling metric
36:41 - Performance vs. Brand advertising are different asset classes
44:34 - Business value of brand - it makes things more effective AND efficient
46:54 - The point of brand campaigns
51:11 - Mulit-Touch Attribution - just because you can measure something doesn’t mean it’s useful
57:39 - Billboard & radio
58:51 - The fallacy of demand generation & intent signals
1:13 - Post Pod with V and Marc
Background links:
Not All Marketing Metrics are “measurements” - https://www.linkedin.com/posts/dalewharrison_%3F%3F%3F-%3F%3F%3F-%3F%3F%3F%3F%3F%3F%3F%3F%3F-%3F%3F%3F%3F-activity-7170140668697276416-iTMJ?utm_source=share&utm_medium=member_desktop
Marketing Effectiveness vs. Efficiency - https://www.linkedin.com/posts/dalewharrison_%3F%3F%3F%3F%3F%3F%3F%3F%3F-%3F%3F%3F%3F%3F%3F%3F%3F%3F%3F%3F%3F%3F-activity-7148782037108178944-IEUL?utm_source=share&utm_medium=member_desktop
Marketing ROI is not a real number you can calculate - https://www.linkedin.com/posts/dalewharrison_%3F%3F%3F%3F%3F%3F%3F%3F%3F-%3F%3F%3F-%3F%3F-%3F%3F%3F-%3F-activity-7152401810681483265-yeeT?utm_source=share&utm_medium=member_desktop
IS MTA actually Even Attribution? - https://www.linkedin.com/posts/dalewharrison_%3F%3F-%3F%3F%3F%3F%3F-%3F%3F%3F%3F%3F-%3F%3F%3F%3F%3F%3F%3F-activity-7165085278636822528-pcGY?utm_source=share&utm_medium=member_desktop
How the CFO Sees Your Marketing Budget - https://www.linkedin.com/posts/dalewharrison_%3F%3F%3F-%3F%3F%3F-%3F%3F%3F-%3F%3F%3F%3F-%3F%3F%3F%3F-%3F-activity-7168655113627062272-Sgpo?utm_source=share&utm_medium=member_desktop
Demand Creation does not exist - https://www.linkedin.com/posts/dalewharrison_%3F%3F%3F%3F%3F%3F-%3F%3F%3F%3F%3F%3F%3F%3F-%3F%3F%3F%3F-%3F-activity-7157471671409373184-Ob9v?utm_source=share&utm_medium=member_desktop
Where to Listen:
Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-sleeping-barber-a-business-and-marketing-podcast/id1609811324
Spotify: https://open.spotify.com/show/4v0kaM350zEY7X2VBuyfrF?si=7083317d5afd488b
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy84MWVjYWJhNC9wb2RjYXN0L3Jzcw?sa=X&ved=2ahUKEwji_oSOopP-AhXnlo4IHTZKBgYQ9sEGegQIARAC
Youtube: https://www.youtube.com/@sleepingbarberpodcast -
SBP 068: The Barber's Brief - April 25, 2024
Welcome back to another episode of The Barber’s Brief. A segment where we cover news that caught our eye, a marketing moment where we highlight a case study, and our ad of the week.
We hope you enjoy the show!
Our Hosts:
Follow our updates here: https://www.linkedin.com/company/sleeping-barber/
Get in touch with our hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
In the News
Marketing Week: Bloom & Wild - an online florist is “chasing profitability” by cutting marketing budget and focusing on customer retention.
https://www.marketingweek.com/bloom-wild-focuses-on-customer-retention-over-acquisition-as-it-chases-profitability/
Business Insider: Tesla lays off its new marketing team months after launching it.
https://www.businessinsider.com/tesla-new-marketing-team-advertising-cut-layoffs-2024-4
Media Leader: Forbes 7-year scheme to dupe advertisers
https://the-media-leader.com/forbes-seven-year-mfa-scheme-shows-how-deep-the-rot-runs-in-online-advertising/
https://adalytics.io/blog/ads-observed-on-www3-forbes-subdomain
Social Media Today: Meta Brings Advanced AI Chatbot to All of its Apps.
https://www.socialmediatoday.com/news/meta-ai-chatbot-facebook-instagram-whatsapp-messenger/713662/
Marketing Moment:
Baileys - The Pleasure Dividend
WARC Case Study
This strategy won Silver from the IPA Effectiveness Awards
Baileys Irish cream launched in 1974
By 2008 (34 years later) it was in 147 markets
Always has a role as a dinner liqueur, mainly at Christmas
In 2009, sales were declining and by 2014, they were 16% below the 2008 peak increased pricing to try and compensate for volume losses
Tried a bunch of different campaigns but nothing was working
Diageo (parent company also owns Guinness, Johnny Walker) establishes a best practice - brand success is about being good at and committing to one big thing
The Campaign
The big insight - baileys is part cake, part booze and pure pleasure
The Strategy
People love the product but they need reminders of when it might be relevant (CEPs)
You can have it after dinner at Christmas or 52 weeks a year when …
Poured over ice cream
In coffee
In cake
At brunch
On the weekend
With Milkshakes
On French toast
In Chocolate
Anytime you want a treat
The Results
23% growth between 2015 - 2019
250M pounds gross profit over 5 years
Increase in male share of purchases
Gains not due to price increases, discounting or increased distribution in big markets
Compared to previous campaigns, they get an extra $1 in profit for every $1 spent in media ($2.5 v. $1.5)
Have AI Break, Have A KitKat - KitKat Canada
Link: https://youtu.be/U33RTQsa7Bo?si=g47535UTjKrnWJHh -
SBP 067: The Mindless Marketers, with Conor Byrne.
We're thrilled to announce a new segment featuring a friend of the podcast and fellow podcast host of That's What I Call Marketing, Conor Byrne.
This segment will delve into current marketing topics, drawing inspiration from Tom Fishburne's Marketoonist.
For this segment, each host has chosen two sketches to discuss, sparking engaging dialogue. We see this as a fun way to tackle pressing issues that surface in our discipline.
We hope you enjoy this new segment!
Get in touch with the hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
Conor Byrne:
https://www.linkedin.com/in/conorbyrne/
Timestamps:
00:00 Welcome to the Pilot: Introducing Mindless Marketers00:25 Diving Into the World of tom Fishburne and the Marketoonist,01:36 The Evolution and Challenges of the CMO Role07:54 AI in Marketing: Expectations vs. Reality11:50 Data-Driven Marketing: A Double-Edged Sword16:56 Navigating the Shift from Third-Party Cookies21:10 Rethinking Remarketing Strategies22:13 Scepticism and Realisations in Digital Marketing24:20 The Impact of Cutting Marketing Budgets31:37 Inside the Mind of a Consumer: Brand Perception39:08 Concluding Thoughts on Marketing Strategies
Where to Listen:
Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-sleeping-barber-a-business-and-marketing-podcast/id1609811324
Spotify: https://open.spotify.com/show/4v0kaM350zEY7X2VBuyfrF?si=7083317d5afd488b
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy84MWVjYWJhNC9wb2RjYXN0L3Jzcw?sa=X&ved=2ahUKEwji_oSOopP-AhXnlo4IHTZKBgYQ9sEGegQIARAC
Youtube: https://www.youtube.com/@sleepingbarberpodcast
© 2024 Sleeping Barber -
SBP 066: The Barber's Brief - April 10, 2024
Welcome back to another episode of The Barber’s Brief. A segment where we cover news that caught our eye, a marketing moment where we highlight a case study, and our ad of the week.
We hope you enjoy the show!
Our Hosts:
Follow our updates here: https://www.linkedin.com/company/sleeping-barber/
Get in touch with our hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
In the News:
[AdExchanger] - LinkedIn is Getting into CTV
Link: https://www.adexchanger.com/tv/linkedin-is-all-business-with-ctv/
[Marketing Dive] - Privacy tools fall short: Here’s what the numbers say
Link: https://www.marketingweek.com/ritson-measure-marketing-effectiveness/
[LinkedIn] Media Grows Markets - Marc Pritchard
Link: https://www.linkedin.com/pulse/media-grows-markets-marc-s-pritchard-3oudc/
[Marketing Dive] - Coca-Cola heads to Marvel universe for new spot, packaging campaign
Link: https://www.marketingdive.com/news/coca-cola-marvel-universe-campaign-packaging-ar-experience/712454/
Marketing Moment:
Old Spice: "Smell Like a Man, Man"
“Look at your man. Now look at me. Now back at your man. Now back to me.”
Link: https://youtu.be/owGykVbfgUE?si=Be72eyLk061hEe9Q
TL;DR
Having failed to successfully rebrand back in the late 90’s and early 2000’s, Old Spice was rapidly losing market share to Lynx (‘Axe’ in certain markets).
Their biggest issue: Old Spice marketed their product to an aging population, which resulted in diminishing returns in the long term. They needed a way to return to their previous position as a major competitor.
To completely rebrand Old Spice as a product for a younger audience, the marketing strategy found its major focus in one key fact: 60% of body wash purchases were made by women.
Instead of focusing solely on young males as their target audience, Wieden + Kennedy switched things up and made young females the major focus of the campaign.
The Results
Old Spice quickly rose to become the top men’s body wash brand in the USA
300% increase in website traffic
Sales of Old Spice had doubled by July of the same year
1.2 billion earned media impressions
The campaign won several awards, including the Cannes Lion Film Grand Prix and an Emmy for Outstanding Commercial.
Ad of the Week
Downy Fabric Softener | More Than Laundry
https://www.youtube.com/watch?v=oQQwUIX9OVQ
Downy Fabric Softener - More than Laundry
Just a blanket until you wrap a baby
Just a hoodie - till its felt by your first love
Just a jacket - till it brings you brings you back to your home
Just a sweater - till it a cryed into
Doesn't talk about the tech
Shows product in use
Breath life into your laundry
Where to Listen:
Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-sleeping-barber-a-business-and-marketing-podcast/id1609811324
Spotify: https://open.spotify.com/show/4v0kaM350zEY7X2VBuyfrF?si=7083317d5afd488b
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy84MWVjYWJhNC9wb2RjYXN0L3Jzcw?sa=X&ved=2ahUKEwji_oSOopP-AhXnlo4IHTZKBgYQ9sEGegQIARAC
Youtube: https://www.youtube.com/@sleepingbarberpodcast
© 2024 Sleeping Barber -
SBP 065: 100% Brand Loyalty Is Not Normal. With Ethan Decker.
Are you ready to challenge your marketing beliefs and uncover the truths that could skyrocket your brand's growth?
In our latest podcast episode, we sit down with Ethan Decker, Founder of Applied Brand Science, to dissect the misconceptions about advertising and brand loyalty. Discover why focusing on customer acquisition rather than retention could be the key to your success.
Decker's expertise and evidence-based approach to marketing will leave you with actionable strategies and a new outlook on how to achieve substantial brand growth.
Don't forget, tune into the post-pod with Marc and V!
Our Guest:
Ethan Decker
https://www.linkedin.com/in/ehdecker/
Founder & President of Applied Brand Science
https://appliedbrandscience.com/
Our Hosts:
Follow our updates here: https://www.linkedin.com/company/sleeping-barber/
Get in touch with our hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
0:44 - Introduction to Ethan
2:52 - ½ the ideas we have about advertising are wrong, the trouble is we don’t know which 1/2
7:02 - 2 reasons why we have the wrong ideas
8:50 - Ideas like the 80/20 rule are like brands - they’re shortcuts
11:30 - Your customers rarely think of you
15:05 - Do generational personas even exist?
18:50 - Your customers aren’t different from your competitor's customers
21:30 - Your loyal customers are likely just heavy buyers in the category
22:23 - I. Hate. Loyalty.
24:24 - How to change beliefs about loyalty
28:02 - Data science isn’t the same thing as science
31:51 - Do you know the frequency distribution of your customers?
33:19 - The Taylor Swift of brand laws
35:46 - The Buyer Banana Curve
38:13 - Why light buyers and non-buyers matter to your business
41:01 - Why team-based learning is so critical
44:02 - Introducing the FRELK - why a quirky logo matters
47:10 - The 4 stages of brand grief
51:19 - Why creativity is critical to applying scientific laws in your business
1:01:51 - 3 ways to start using these laws
1:05:37 - How to find out more about Ethan and Applied Brand Science
1:06:56 - The post-Pod with V and Marc
Where to Listen:
Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-sleeping-barber-a-business-and-marketing-podcast/id1609811324
Spotify: https://open.spotify.com/show/4v0kaM350zEY7X2VBuyfrF?si=7083317d5afd488b
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy84MWVjYWJhNC9wb2RjYXN0L3Jzcw?sa=X&ved=2ahUKEwji_oSOopP-AhXnlo4IHTZKBgYQ9sEGegQIARAC
Youtube: https://www.youtube.com/@sleepingbarberpodcast
Background Links
Ehrenberg-Bass Institute's publications https://marketingscience.info/books/
Laws of Marketing with Dr. Nicole Hartnett https://www.sleepingbarber.ca/podcast/episode/3dd2bab2/sbp-012-the-laws-of-marketing-with-dr-nicole-hartnett
© 2024 Sleeping Barber -
SBP 064: The Barber's Brief - March 28, 2024
Welcome back to another episode of The Barber’s Brief. A segment where we cover news that caught our eye, a marketing moment where we highlight a case study, and our ad of the week.
We hope you enjoy the show!
Our Hosts:
Follow our updates here: https://www.linkedin.com/company/sleeping-barber/
Get in touch with our hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
In The News:
Adidas weans itself off discounting - https://www.marketingweek.com/adidas-discounting-annual-loss/
Google loses in local search to Instagram, TikTok among Gen Z - https://www.marketingdive.com/news/google-tiktok-instagram-local-search-preference-gen-z/710130/
Demand Gen vs. Meeting Consumer’s Unmet Needs - https://www.instagram.com/p/C4RV9NnP6jU/?utm_source=ig_web_copy_link
AI-Powered ad ignites creator controversy on Instagram - https://techcrunch.com/2024/03/14/ai-powered-ad-ignites-creator-controversy-on-instagram
Three SWSX-inspired trends to consider adding to your brand playbook - https://www.thedrum.com/opinion/2024/03/15/sxsw-2024-bold-experiential-marketing-took-center-stage
Elon Musk’s “Grok” AI company is now open-source - https://techcrunch.com/2024/03/18/why-elon-musks-ai-company-open-sourcing-grok-matters-and-why-it-doesnt/
Marketing Moment:
Apologize the Rainbow - DDB Chicago
9 Years Ago, Skittles changed the flavour of green Skittles from Lime to Apple
Over the years, they’d get about 20k tweets per year of people hating on Skittles and asking the company to bring back lime flavour
Supporting Links:
https://www.youtube.com/watch?v=i_kxj8dhdjo&list=TLGG6HNwK54Wga4xMTAzMjAyNA
https://www.thedrum.com/news/2024/03/11/how-ddb-chicago-made-apologize-the-rainbow-the-most-awarded-ad-the-last-year
Ad of the Week
Amazon celebrates grassroots players in Uefa Women’s football commercial
Amazon's European-wide brand campaign highlights the passion and determination of real women's football players, emphasizing how playing women's football boosts confidence and self-assurance both on and off the pitch.
Link: https://www.thedrum.com/news/2024/03/15/ad-the-day-amazon-celebrates-grassroots-players-uefa-women-s-football-short