Sunday, November 16, 2014

What Physics Taught Me About Marketing a TED Talks by Dan Cobley



After reading the title of this video, I had to check it out. What Physics Taught Me About Marketing, a TED Talks production teaches how we can relate defined laws of physics to marketing tactics. For those of you out there who have a background in physics, I promise you will find this interesting. Here is why:

The Science:

Dan Cobley begins his talk with this relation, Force= Mass x Acceleration, or in other words, Acceleration= Force/Mass, meaning the larger the mass the more force it requires to change its direction. When it comes to brands, changing the image or reputation of a one massive brand is much harder to do than then changing them for smaller brands. For example, General Mills owns brands such as Betty Crocker, Old El Paso, and Green Giant rather than labeling them all simply General Mills. It is easier to change say, Betty Crocker is baked goods, Green Giant are vegetable products in contracts to saying General Mills produces baked goods and vegetables. This can cause confusion in the bulk eye of what General Mills quality is, in their snack food or their healthy foods. Much like walking on thin ice, which makes for a good metaphor in itself, in marketing when we spread our body weight out creaking more surface area, it’s easier to keep the ice from breaking out from under us. Thus, it is better idea to create “new brands for new ventures” instead of trying to change the image of an already positioned brand.

My Two Cents:

Let’s use this advice to remind us to break up things a bit. If you want to own contrasting businesses or simply businesses that don’t have the same types of goods or services, create new brands. I know an entrepreneur who does pest control and also sells a multi-use, organic agent that kills bugs. He uses different names for differentiate his pest control service, and his organic produce. Does he use his own product when spraying customer’s homes for bugs? You’d be crazy if you thought that he didn’t. I can very well use other products if requested by a customer, but by using his own product he can piggy back his marketing by showing customers how good it works at their homes, then turn around and see his products being bought from the stores he sells his products in.

The Science:

Cobley continues with Heisenberg’s Uncertainty Principle. In short, it is impossible to measure the movement of a particle because the acts of measuring it will changes it. The marketing application of this principle is that consumers will change their behavior (or portray unrealistic behavior) when they know they are being monitored. The best example he gives is, if asking about people who regularly look at pornography on the web in a survey the numbers would be very few, yet we know from Google that it is the number one searched topic in the web. The goal here is to use all your resources to measure what customers are actually doing before you ask them what they will do.

My Two Cents:

The first thought in my mind of an example of this is home gyms. My parents growing up always preferred to exercise in our home. They always said, “I don’t like having to get ready, and then drive to the gym to get my workout done. I would never go, but if I had the equipment at the house, I would be motived when I saw it to work out all the time.” This was never the case. I sure there are many of you out there who have exercise equipment in your home and that equipment has more dust on it than you care to clean off. With all the right intentions, my parents said they would exercise more because it was convenient, yet the actual evidence of that suggests otherwise.

The Science:

Next, Cobley explains the Scientific Method. This means you cannot probe a hypothesis thought observation you can only disprove it and it only takes on contradictory point to disprove the entire hypothesis. As a person finds more and more points to support the hypothesis, it can never be proven to be true, yet only one point against it can prove it to be false. The examples that are given are companies such as BP claiming they are an earth friendly oil company, then for years they hold true to that claim until the massive oil spill in the Gulf of Mexico in 2010. Another brand that is used as an example is Toyota, revered to be the most reliable of cares till a mass product recall proved this reputation to be inaccurate. In marketing each of these brands there was many years of successful branding of they own claims but in the end it only took one event to break their foundation.

My Two Cents:

I believe that this method can be applied to any organization throughout the world. We are all humans and in being such we are all susceptible to screwing up in some point of our lives. But I believe that when marketing your business especially a new business venture, it is vital that we leave the inner children in us behind and put on our big-boy pants. We need to leave behind the dishonesty, the lack of work ethic, the selfishness, the things that will inevitably disprove our business from the business we want painted on a billboard. We need to prove our integrity, our hard work ethic, taking care of our customers with positive unexpected experiences and then stand by those traits even when times get rough, and in the end our business will be one that remains intact.  

The Science:

Lastly Entropy, being defined as the measure of disorder will always increase. In this section of the talk Cobley gives the example of a political poster that was used for a campaign, as he moves through the slides of the poster it is obvious that someone has changed the words on the poster, or the photograph of the candidate to look and say comical things. In turn he says, this is good thing, get in with the public by letting them have fun with what was originally an important ad. It gives off a better sense of a personable company; it gets your name in to more places that a marketing team wouldn’t necessarily have got in. The key is to not fight it, but embrace it and find a way to work with it.

My Two Cents:

With social media being how it is today, I’m sure we have always many variations of the same pictures time and time again. I can personally say from experience that there have been times where I have seen a picture of a person with something comedic about a topic written on it. Me not knowing what the text was referring to, I would look it up to try to make sense of the punchline, as a result I will have come across what the picture was originally intended for. Maybe I’m the only one who takes the time to do that…but I want to say that I highly doubt it. This just proves Cobley’s point. As a company it is your job to find a way to embrace the public made twist in your marketing plan and roll with the punches. I was told as a kid, if the kids on the playground are making fun of your for something, if you don’t let it get to you and even start laughing with them, they will not be able to insult you but will begin to laugh with your rather than at you.

This is a great video for those who learn better with visuals. By Dan Cobley breaking it down and tying these points in with the concepts of physics, it better helps us learn and retain the information.

I hope you got as much out of it as I did. Let us know what you think, BRE Marketing wants to hear from you. Share your thoughts in the comments below and like it on Facebook.

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