Thursday, June 25, 2015

All Good Marketing Tells a Story – Part 2 (of 3)

Tap Into Your Roots To Tell Stories That Make a Deeper Connection
Telling your company’s unique story gives it a chance to stand out from the pack. The problem many companies run into is the fear factor. They are afraid to be different or open up, lest they stand out or receive negative feedback. Or they’re afraid that their story is not interesting. So, rather than digging into their roots they stick with clichéd marketing speak that sounds exactly like all the other bland sameness out there. Why do you think you hear so many businesses offering that they’re a “one-stop shop” that is “family owned and operated” and “goes the extra mile”? You’ve heard all those phrases before and they now probably wash over you like a lukewarm cup of water with a side of milquetoast.

Using common clichés and bland phrases don’t enhance your brand. Instead, they cast you amongst the masses, hiding your real story. Start by thinking of different ways to say those tired phrases. Instead of being “family owned and operated” tell people that you’ve been “vested in success for generations.” Instead of being open “24-hours” tell people you’re “ready anytime you need us.” Little things like this can help you open up to your real story and make that consumer connection.

Consumers want a reason to connect with your brand

Developing a deeper relationship with your consumers means taking chances. It means being more transparent and giving telling details about your company, even if it may feel uncomfortable or you fear the unknown.

I once helped craft such a story for a local staffing agency in the Pacific Northwest. The agency had dated marketing materials that made them look like every other small company that launched in the ’80s, and it showed in their outdated logo and website and a color palette of teals and yellows that looked beyond tired. Plus, the language they used was very “safe” – it was corporate, cold and didn’t have the personality of its owner, which was odd because the owner was a community icon and champion of local charities. Convincing them to tie the staffing brand to the owner’s positive image and personality, and highlighting the things that he had done to build the business and his community, brought positive recognition to the company and led to a larger and more loyal customer base over the next year. We updated their website to include the owner’s community stature, spruced up the colors and fonts, and brought the owner’s story to the forefront to create a greater connection to the community of employers and employees that would use their services.

Lying or being vague about your company can only lead to difficulty down the road. Just look at nearly every sports scandal currently being investigated. Being proactively transparent can help improve a company’s image. Look at a company like Buffer, a social media scheduling and analytics company that grew from humble beginnings in 2010 and now serves over 2 million. In 2013 they posted a blog that spoke to one of their founding philosophies – “Default to Transparency”. The blog openly talked about their revenues and the salaries of Buffer employees, with the thinking that “transparency breeds trust.” The blog led to hundreds of comments, many positive, and raised the profile and revenues of the company.

Even companies as big as Chipotle and McDonald’s have benefitted from telling stories that resonated. Chipotle recently made a positive PR move in its pledge to cook with only non-GMO ingredients, and McDonald’s put up a site called “Our Food, Your Questions” to get in front of their own food ingredients narrative. 

While you may not have the budget of those bigger companies, you can still tell your story inexpensively in many ways – through social media, your website, press releases – to help build that trust early on. The path to success changes for every business, but telling your story helps get you noticed. So hone your message, talk with a marketing, PR or advertising professional and build that story.


Up Next: How to Craft Your Company’s Story

Tuesday, June 9, 2015

The Switch To Smart Cards Is Coming Soon

The official switch-over to the EMV smart chip card is coming. With an October 1, 2015 deadline looming for retailers, credit unions and banks, now is the time to inform cardholders and future cardholders about the benefits of these smart chip cards.

The Lowdown On Smart Cards
Credit union members around the country will soon be able to use their credit and debit cards in stores with a new layer of protection against fraud in the form of a small microchip embedded in the card. The chip is designed to communicate with specially outfitted card reader terminals used at the point of sale that will authorize each sale based on various PIN and data verification processes. This effort to improve payment technology has been years in the making and has been shown to deter most forms of theft and fraud. It has been used in Europe for years – EMV stands for Europay, MasterCard and Visa – and it has been successful in the countries where it has been implemented.

How It Works
The card – which looks similar to your old credit card but with a distinctive metallic square embedded in its face – is equipped with a small micro processing chip that stores individual data and more, including the card number. Unlike the old magnetic card strips, the information contained within the chip, accessed only by the special processing terminal, uses dynamic data authentication, encryption, and often PIN verification to protect against counterfeit, lost or stolen cards. It is nearly impossible to duplicate, and it protects against “skimming” machines, which fraudsters use to scan information from magnetic strips. This advanced Cardholder verification helps ensure that the person attempting to make the transaction is the person to whom the card belongs.

Are You Ready For The Switch?
By October 1, 2015, most major retailers and financial institutions should have switched to these new smart cards, issuing new VISA® and MasterCard® credit cards to all current cardholders and those signing up for new cards. While some smaller retailers are not ready for the change, most will have changed over, so updating systems and educating cardholders is key to a smooth transition.

Make Your Transition To Chip Cards A Smooth One
Now, during the slower months of summer, is a great time for credit unions to put together a targeted campaign to educate members about the importance of having a card that protects them more at the point of purchase and be ready for a fall roll-out. MPI has the tools credit unions need – print, eMarketing, multi-channel distribution – to help you reach as many people as possible with your chip card transition. Maximize your opportunities with creative content and deliverables. Call us at 888-641-1215 or email us now.

Learn more about the advantages of EMV cards here.