Trends

Sol's CEO Featured on Hit Radio Show "Doc Thompson" by The Blaze

Radio Show_Doc Thompson

"Born to brand" is an understatement when it comes to Deb Gabor. Tune in for the story on the "Building America" segment of The Morning Blaze with Doc Thompson on how Sol's founder and CEO became an "accidental entrepreneur" with her unique branding philosophy. So, what IS Deb's approach to branding, you might ask? You absolutely, positively MUST understand your customers to establish your brand! And always remember -- Brand or be branded!

Branding: The Key to a Knockout Campaign

American Flag

It might be difficult for some people to see the overlap between political consulting and branding, but as we experienced in the last election cycle, branding is playing a larger role in campaigning than ever before. These emerging market trends line up perfectly with our brand philosophies at Sol Marketing. Here are some lessons we learned this past January: 1. Before anything else, make sure your political party is in alignment. This will allow you to communicate with your target audience in a deliberate and effective way.

2. It's not what you do, it's how you do it!

3. Don't try to be something you're not - authenticity is key.

4. With all types of distractions floating around these days, it can be hard to keep anyone's attention. Candidates have to be creative in how they stand out; the more eyeballs that are on you, the better.

Read on for a better understanding of political consulting trends and how they relate to branding: https://www.campaignsandelections.com/campaign-insider/10-trends-in-political-consulting-the-trendsetters-that-made-them-cool

 

Guest Post: The biggest brand that broke its promise this election cycle

AmericanFlag

By Geoff Nelson Last week Deb wrote about how both political brands broke their promise to their respective audiences and it struck a chord with me. I couldn’t pass up the opportunity to jump in with my two cents.

An even larger and more important brand broke its promise to its customers over the last 18 months; the media. Think about it. An entire industry broke its brand promise. Not since yellow journalism of the 1880s where exaggerations of news events, scandal-mongering and sensationalism was used to sell more papers has the media gone to such lows. When Kyle Smith over at the New York Post (tabloid journalism at its finest) must call out the rest of the media for their shameful behavior, you know things have gotten bad. He wrote, “I didn’t vote for him either, but Trump won. Pull yourselves together and deal with it, if you ever want to be taken seriously again…. The media are supposed to tell us what happened, not speculate on the future. But its incessant scaremongering, the utter lack of proportionality and the shameless use of double standards are an embarrassment, one that is demeaning the value of the institution.”

The brand promise of the media is trust. The job is to find and report the facts. Let’s walk through the three most important questions a media brand must answer for its customers:

  1. What does it say about a person that they use/wear/drive/eat/drink/support this brand?

Whatever news outlet you follow says a lot about you. Conservatives follow Fox, liberals CNN and the rest of us try to read a little bit from everywhere to try and get a balance. The 2008 elections set off a brand war over media with the public. They defend their outlet and bash the other side. Now an entire industry is tarnished. Per Gallup, “Americans' trust and confidence in the mass media "to report the news fully, accurately and fairly" has dropped to its lowest level in Gallup polling history, with 32% saying they have a great deal or fair amount of trust in the media. This is down eight percentage points from last year.”

  1. What is the singular thing a person gets from this brand they can’t get anywhere else?

This is where it gets interesting dear readers. I can get my news from so many other places besides major media outlets. The mainstream media had a monopoly for almost three hundred years. The Boston News-Letter was the first continuously published newspaper in the United States in 1704. Super fast-forward and we come to the first blog news sites in 2002 and then twitter and facebook. What was a monopoly became citizen journalism. The mainstream media looked down their collective noses and scoffed. Then comes twitter and facebook. The outlets for finding and digesting news intensified. The media lost its hold on exclusiveness. You can get news now from hundreds of places. Not only can I get it anywhere else on demand, I can get if from more trusted sources.

  1. How does this brand make a person the hero in his/her own story?

Knowledge is power. Having the indisputable facts to base your argument and frame of reference upon enable you to persuade and educate others. That was the customer felt the hero in the past. I trusted the source and felt empowered to state my opinion based on facts. This is the biggest and most interesting point. The majority of the American public decided they could be the hero in their own story quite fine without the medias help. A Media Research Center/YouGov poll found that, “7 in 10 (69%) voters do not believe the news media are honest and truthful.” And, “97% of voters said they did not let the media’s bias influence their vote.” That is an incredibly high number of people who said they just tuned them out. And the election results prove the survey correct.

Brands exist to elevate their customers’ self-concepts. This wasn’t a misalignment as with the political parties. It was a total abandonment. These customers felt like the could accomplish anything, and reach self-actualization and achieve their full potential as humans quite fine without what has been one of the most trusted and powerful institutions on the planet.  I truly hope they can dust themselves off and get back to being the trusted brands they once were.

When Political Parties Fail at Brand Basics

Business Suit

The brands of both major US political parties are broken. Both parties crafted brands that have revealed that they're out of alignment with their constituents.  The fact that so many pollsters and pundits were wrong reveals that voters hid their true intentions. Democrats made too many assumptions and suffered. Many Republicans disavowed a candidate whose brand eventually won anyhow. My personal observations while on my morning commute this election season reinforced significant branding problems for both parties. Gone were the bumper stickers and magnetic car signs common on my route back in 2008 and 2012. And where were all the yard signs advertising my neighbors’ support for their preferred candidates? I observed a totally different kind of water cooler conversation this time around too, in which my colleagues talked in generalities about campaign shenanigans and the media, but rarely stated strong opinions about any party’s candidate for fear others would judge them harshly. Myself, I was downright embarrassed to admit my political leanings to anyone. I still am.

Let’s dissect some specifics a bit further through the lens of branding. If you’ve been following along at home, you now know that a brand’s role is to answer these three important questions for its customers:

  1. What does it say about a person that they use/wear/drive/eat/drink/support this brand?

The number of Republicans who went on record saying they wouldn't support Trump was well over 100. It shook many Republican voters' confidence in their party's candidate. After all, the ultimate in brand embarrassment is when the "company" doesn't eat its own dog food.

  1. What is the singular thing a person gets from this brand they can’t get anywhere else?

Jayson Demers, CEO of AudienceBloom, wrote an article on the Entrepreneur website on this very topic.  Trump gave his audience a niche-focused message to white working class males. He was extreme and polarizing, which his audience valued. He was anti-establishment, which played into the general dissatisfaction Americans felt. Trump was also nostalgic. He consistently reminded his audience of a time when they believed America was better. Trump’s Facebook and Twitter numbers certainly proved that he had struck a nerve, doubling Hillary Clinton's followers in both channels.

  1. How does this brand make a person the hero in his/her own story?

Hillary made her brand about her. This hurt her with minorities. Many couldn’t see the Clinton brand making them the hero. The facts show that her campaign failed to activate the minority coalition that supported Obama in previous elections. According to Pew Research, “Hillary Clinton did not run as strongly among these core Democratic groups as Obama did in 2012. Clinton held an 80-point advantage among blacks (88% to 8%,) compared with Obama’s 87-point edge four years ago (93% to 6%). In 2008, Obama had a 91-point advantage among blacks.” Back in 2012, voters clearly saw how they could be a hero in the Obama narrative.

Bottom line: brands exist to elevate their customers’ self-concepts. Customers align themselves with brands because they like what those brands say about them. The brands they love make them feel proud, give them that feeling they have the world on a string, like they can accomplish anything, like they’ll reach self-actualization and achieve their full potential as humans.

Why is Branding like Sex

Business Woman
Why is branding like sex? The answer is simple. The best brands in the world are the ones that get their customers laid, the brands that make their customers feel like they have life by the balls.
Your brand doesn't come exclusively from you. Your brand has to include the hearts and minds of your customers.
How does YOUR brand get your customers laid? Find out how in the latest episode of the @Rise Business Podcast, "Why Branding is like sex with Deb Gabor".
Sol Marketing founder and CEO, Deb Gabor gives her mini MBA in branding in this enlightening talk with host Antonio Da Mota. This is some free business advice you don't want to miss out on.

Erase Your Bad Social Media History

Social Media

Ever wish you could go back in time and tell yourself NOT to post that embarrassing or inappropriate photo? Today, employers are adding social media pages to the screening criteria for jobs. Does Get Suitable have the “secret sauce” to erase negative or inappropriate posts from your past and prevent those type of posts in the future?

Listen to "Erase Your Bad Social Media History" on Surviving the Startup podcast with host Marc Amazon and special guest Sol founder and CEO, Deb Gabor to find out if this startup is merely "selling a better mousetrap to people who don’t realize they have a mice problem."

Be sure to show some love by subscribing and giving a 5 star rating!

https://itunes.apple.com/us/podcast/surviving-the-startup/id1123822513?mt=2

The Grueling Truth about Sports

Golf

Figure out why you need to differentiate yourself in order for your startup to survive. What does your startup provide that customers can't get anywhere else? Listen to this week's episode of Surviving the Startup Podcast, "The Grueling Truth About Sports", with host Marc Amazon and special guest Sol CEO,Deb Gabor. Give this one a 5 star rating and subscribe here!

 

The Importance of Understanding Your Customers (and What To Do About It)

Business Handshake

As we discussed in Your Brand Comes From Your Customers, Not You, branding isn’t about your color scheme, or the clever tagline you come up with from the confines of your office. Branding is about how your customer actually perceives you.

If your customer perceives you as filling a need (tangible or psychological) they have, that’s the essence of good branding.

With this perspective in mind, it becomes clear that the first step to successful branding is understanding your customers and their needs.

We’ve talked about the three questions, the brand values pyramid, and the ideal customer profile—all great tools to dive into your customer's’ needs and psychology—but the next question most marketers ask is always...

How do I learn about my customers?

So how do you learn everything about your customers?

Three words: talk to them.

There are many different ways to talk to your customers. On the super-low-budget end of the spectrum, you can just hang around in a Starbucks and ask people to try your product or service and then ask them for their opinions.

Be sure to ask open-ended questions, such as “What do you like about this brand?” Or, “How do you see this fitting into your life?” Or, “What would you change about this?” Actually talking to customers face-to-face is one of the most valuable things you can do to understand your brand.

Another easy way for marketing managers and executives to interact with customers is by fielding customer service calls or inbound sales calls. Even at the CEO level, if you take customer service calls for a few hours every month, it might just be the most valuable time you ever spend. The callers won’t have any idea you’re the CEO, so they won’t sugarcoat how they feel about your brand. And you can ask them almost anything you want and they’ll answer honestly.

Another free method is hosting a pizza and beer party (or pizza and wine party, depending upon your target demographic). Invite friends and friends of friends to visit your office or your home and try your product. Tell them you’ll provide take-out food and beverages in exchange for their time. The key here is to make sure you’re getting honest feedback. Friends and family usually will try to tell you they love it, even if they don’t. So offer them the booze in exchange for brutal, unvarnished honesty.

Those three ways of talking to customers are free. Even if you’re an entrepreneur on a shoestring budget, you have no excuse not to do them. As we discussed in When You’re Ready, It’s Too Late, the sooner you can start doing exercises like this to understand your customer, the better.

On the opposite end of the cost spectrum is formal market research, such as in-depth interviews, ethnographies, focus groups, and surveys. Professional focus groups can yield a tremendous amount of data, but they’re costly. Many books discuss techniques in market research. If you’re on a budget, or you have no budget, you may want to check out the book called The Lean Startup by Eric Ries, which suggests many methods for obtaining customer feedback throughout the development and growth process.

Don’t overcomplicate things. If you are having trouble answering the question, “What does it say about a person that they use your brand?”, just go out and ask them.

“What do you think it says about you that you use this brand?”

It’s as basic as that. Start there and then you can expand your customer research to learn other important things about your products, services, and brand.

The bullshit test

Understanding what your customers need and marketing to that isn’t enough. You need to walk the walk.

Once you understand your customers, ask yourself, “Do we have places where it’s an incomplete experience? Are our customer service representatives embodying what we say our brand stands for? Does our product or service really do what we say it does? Do customers experience the essence of our brand in a way that adds value to their lives?”

It’s important to know the answers to these questions so you can assess how well you and the rest of your organization are aligned on delivering a brand experience.

Zappos.com is known for its excellent customer service. That’s their brand promise. But what if a customer called and had a problem with a pair of shoes and wanted some resolution but the customer service rep was snotty to her on the phone?

Their marketing materials wouldn’t matter, because the customer’s experience wouldn’t be living up to the brand promise. They wouldn’t be fulfilling the need that the customer had, and therefore wouldn’t be living their brand.

When to hire outside help

One reason you may need professional help is that sometimes your boss or your team or your CEO is so in love with the brand that they can’t see its flaws. Sometimes you need an outsider’s perspective.

I look at my daughter and I am just in love with her. I think she is amazing, incredibly beautiful, smart, and talented, but I probably overlook a lot of flaws because she is mine. I made her. She came from my genes and my loins. A brand can be like that, too. It’s easy not to see the flaws, especially for founders and long-time team members.

Bringing in an outside brand consultant might make sense for you, but it’s getting ahead of ourselves.

  1. Speak to your customers. Try to really understand their wants, needs, and motivations.
  1. Read Branding is Sex. Use the tools discussed earlier in this post to gain clarity on who your customers are and how your brand needs to serve them.
  1. If you’re still struggling to get your branding right, or if it just isn’t clicking with your customers, think about hiring an outside brand strategist.

The Definitive List of Brand Archetypes

Brand Archetype

We all want a loyal following. We’re constantly looking for that magical marketing plan that will connect us to our audience and make our product an irreplaceable part of their life. What we don’t often realize is that connections are relationships. If we aren’t clear about who we are, no one is going to be interested in dating us.

In my book Branding Is Sex, I’ve devoted an entire chapter to understanding who your brand is, and how you should be starting a relationship with your customers.

The short version is this: There are 12 basic identities—or archetypes—a brand can assume. Below I’ve broken down all 12 in extreme detail to help you understand where you belong.

1. The magician makes dreams come true

The magician archetype is all about vision. Magician brands don’t build you a better toothbrush or help you keep your house clean, they bring your wildest dreams to life.

What they offer is a grand experience no one else could achieve. A magician is so in tune with the fundamentals of the universe that they can create the impossible.

Magician Archetype
Magician Archetype

Disney is the perfect magician. Disney is fundamentally a media company, but they are unlike any other.

Quick—think of the books and videos that have helped you in your career. You’re probably thinking of titles targeted to your industry, full of actionable advice and guidance.

Disney doesn’t do any of that. What they offer is a transformative experience.

They are in a category of their own because of the grandness of their vision. Imagine another brand that could build a “Magic Kingdom” or a “Disney World.”

2. The sage is always seeking the truth

To a sage, wisdom is the key to success. Everything else is secondary to the pursuit of knowledge.

A sage brand might not feel warm and cuddly. They don’t enrapture you in a fantastic world like Disney. Instead, a sage commands your respect by showing their brilliance.

Sage Archetype
Sage Archetype

Harvard University is one of the most revered universities in the world. Boasting an alumni list that includes eight US presidents, 21 Nobel laureates, and Mark Zuckerberg (sort of), Harvard’s brand is all about being the smartest.

Take this video for example. It’s not about success in life or fantasy, it’s about the power of knowledge. The video says the secrets of the universe hide in books, and that Harvard is where they are studied.

3. The innocent just wants to be happy

The innocent belongs in paradise. Everyone is free, virtuous, and happy in an innocent’s world.

An innocent brand will never guilt you with an ad or go over the top to convince you. Instead, an innocent brand will charm you with something much more powerful: Nostalgia.

Innocent Archetype
Innocent Archetype

Orville Redenbacher is the prototypical innocent archetype.

orville redenbaucher
orville redenbaucher

[source: Hammer and Rails]

What adult do you know who is that happy about their suspenders? What adult do you know that even owns suspenders?

But that’s Orville’s appeal. They sell you a childhood treat, popcorn, and their mascot is a grandpa who hasn’t stopped having fun since bowties were a thing unironically.

Nothing heavy-handed, just happiness.

4. The outlaw wants revolution

The outlaw isn’t afraid. Outlaw brands control their own life without regard for the status quo.

Where the innocent archetype touches the part of you that loved snack time in kindergarten, the outlaw archetype appeals to the part of you that cut classes in high school.

Outlaw Archetype
Outlaw Archetype

Building a cult following like Apple is the ultimate goal of an outlaw brand.

Remember those old iPod commercials where monochrome people had the best times of their lives dancing?

Apple Magician Archetype
Apple Magician Archetype

[source: Cult of Macs]

That ad doesn’t tell you to stand in a crowd or go to a concert. It tells you to be yourself, to dance whenever you like, and to do it with Apple.

If you think Apple doesn’t have a cult following, consider this. Did people wait in line for hours when the Galaxy S7 was released? No, is the answer.

5. The jester lives in the moment

The jester is all about having fun. Jester brands might not be curing illnesses, but they’re making your day better.

Humor, silliness, even nonsense are all in a jester’s toolkit. The goal of a jester brand is to make you smile with light-hearted fun.

Jester Archetype
Jester Archetype

The Old Spice Man is one of our all-time favorite ad campaigns, and the perfect example of a jester archetype.

Old Spice Man Jester Archetype
Old Spice Man Jester Archetype

[source: ePharmacy]

Some guys react well to hyper-masculine branding. Other guys don’t. By making a joke out of these super manly brands, Old Spice gets to appeal to both sides.

Guys who are into overly masculine brands get to be in on the joke. Guys who aren’t into macho brands get to laugh at them.

Everybody laughs, and everybody likes Old Spice as a result.

6. The lover wants to make you theirs

Passion, pleasure, and sensuality are the lover’s keywords. A lover brand wants you to associate them with intimate moments in your life.

What do you buy to celebrate? What do you buy your significant other for birthdays and anniversaries? Chances are, you’re buying from a lover brand.

Lover Archetype
Lover Archetype

Think of Godiva Chocolate ads. Do they ever make you think about your health, your finances, or your future?

No. Godiva seduces you. It shows off its richness and creaminess. It invites you to take part in life’s greatest indulgence: Chocolate.

7. The explorer wants to break free

Freedom is all an explorer cares about. Where other brands might try to help you build a home, explorer brands want to get you outside.

With this in mind, it makes sense that many outdoor brands are natural fits for the explorer archetype.

Explorer Archetype
Explorer Archetype

Subaru is the classic explorer brand. They don’t sell their cars based on luxury or comfort, they stress the freedom a Subaru provides.

Subaru Explorer Archetype
Subaru Explorer Archetype

[source: Tutsplus]

Blizzard? No problem. Subaru lets you decide where you’re going, no matter the circumstance. You’re free.

8. The ruler wants absolute power

Luxury and exclusivity are what the ruler is all about. A ruler brand is a gatekeeper. If a customer buys from them, they get to belong to the elite.

Being perceived as high-quality and expensive is critical for a ruler brand. Jewelry and high-end vehicles are natural fits for the ruler archetype.

Screen Shot 2016-08-10 at 12.03.40 PM
Screen Shot 2016-08-10 at 12.03.40 PM

Do you buy a Mercedes Benz because of its crash test rating? What about its gas mileage? Its heated seats?

No. You buy a Mercedes Benz because you can afford to, and most other people can’t. Whenever you park your car, people will understand your status without you saying a word.

That quietly understood value is what a ruler brand sells.

9. The caregiver wants to nurture you

The caregiver is benevolent. They want to be there for you and the people you love.

Caregiver brands are all about warmth and trust. You can depend on them when it comes to your children. It’s rare to see a caregiver brand run an ad that takes a shot at their competition. They are the opposite of confrontational.

Caregiver Archetype
Caregiver Archetype

Johnson & Johnson’s tagline line is “Johnson & Johnson: A Family Company.” You can’t get more committed to families than that.

Johnson & Johnson Caregiver Archetype
Johnson & Johnson Caregiver Archetype

[source: Johnson & Johnson]

A Johnson & Johnson ad always focuses on how their products help you take care of your children. How their products build families. This is bread-and-butter for the caregiver archetype.

A caregiver is all about instilling trust between in the customer that for the rest of their life, the brand will be there for them.

10. The hero wants to prove himself

The hero makes the world better by being the best. A hero brand isn’t concerned with nurturing you, they’re interested in challenging you.

If you want to rise to the occasion, you’re going to need a hero’s help.

Hero Archetype
Hero Archetype

The U.S. Army is the ultimate example of a hero archetype.

Think of the recruitment commercials you’ve seen with troops jumping out of helicopters, running through training courses, and protecting the country. Any of that resemble your day-to-day?

Of course not. It’s not supposed to. It’s designed to compel you to “answer the call” and rise to the occasion by joining with a hero brand: The U.S. Army.

11. The regular guy/girl wants to belong

No glitz or glamour, just a reliable product that gets the job done. That’s what regular guy/girl brands are selling.

The archetype is focused on providing something so far removed from pretentiousness that it can appeal to everyone. It is the hardest archetype to pull off, because you have to have a product that actually appeals across demographics.

Screen Shot 2016-08-10 at 12.05.19 PM
Screen Shot 2016-08-10 at 12.05.19 PM

Everyone drinks coffee. Not every individual person, but every major demographic with the possible exception of infants. That’s what makes Folgers a great every guy/girl brand.

Folgers doesn’t market to a hip crowd. They don’t brag about their high quality, all-organic coffee. They keep it simple: “The best part of waking up is Folgers in your cup.”

Everyone wakes up. Everyone drinks Folgers.

12. The creator craves perfection

A creator isn’t worried about the cost of production or making things at scale. They care about one thing: building the perfect product.

While the magician also stresses vision and imagination, creators are different in that they don’t unlock the world’s magic and create the impossible. They create the perfect product.

Creator Archetype
Creator Archetype

Lego is a great example of a creator archetype. Take a look at this ad for Lego Vision:

Lego Creator Archetype
Lego Creator Archetype

[source: Ads of the World]

Lego recreated in stunning detail the most famous sights of the world. They didn’t build new sites, and they didn’t create some new technology that put the sites in your home.

Lego used the simplest technology possible: blocks. They took this simplicity and pushed it to its most perfectionist extreme. That’s what being a creator is all about.

What archetype is your brand?

This is one of the key questions we help clients answer at Sol Marketing. Almost every client comes to the table assuming they are the every guy/girl, but in 99% of cases, they aren’t.

Drilling down into what makes your brand special and how your customers best connect with your products isn’t easy, but it’s the most important thing you can do to understand what archetype you should be using.

The ideas in this post were inspired byCarol Pearson’s The Hero and the Outlaw: Building Extraordinary Brands Through the Power of Archetypes.

Whose Job is Branding?

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Branding is a funny thing. It’s often a part of marketing, but requires different skillsets than the marketing team has. It comes from the customer experience, but customer service reps aren’t able to set the strategy. It requires design, but it starts long before design. So the question is: Who is responsible for branding?

This question is one of the main issues that stands between a company and a powerful brand.

So who should be responsible for the brand strategy at your company? It doesn’t matter if you are a small business owner with five employees, or you’re the CEO of a billion-dollar company, the answer is the same...

Branding is everybody’s responsibility.

Contrary to commonly held beliefs, branding is not the responsibility of some marketing manager or the person in charge of campaigns or the person with brand in his or her title.

Organizations that benefit most from branding are the ones where everyone in the company is a steward of their brand.

The companies that do the best are the ones in which the people at the top of the organization lead the charge for branding. In those companies, it’s often the CEO, but it’s also the COO and the CFO and the CTO and basically anybody with a “C” in their title who takes up the cause and drives the strategy through the entire organization.

In order for branding to work, every single person must feel ownership and responsibility for the brand. And the leadership must drive that into every nook and cranny of the organization so that people are walking the brand talk.

How do you do that? It starts by answering the three most important brand questions for your business:

  1. What does it say about the customer that they choose your brand?
  2. What is the singular thing that only your brand can deliver to your customer?
  3. How does your brand make the customer the hero in their own story?

These are big questions. Branding is Sex spends three full chapters diving into how to best answer each of them. But once these questions are answered, you have the foundation to allow your entire team to take responsibility for branding.

Your answers to these questions, as well as your understanding of what’s at the top of your Brand Values Pyramid, need to become gospel within your company. Every employee should know the answers and, more importantly, should embody them in their day to day actions.

It should be clear to everyone in your company that every single thing that any person in the company does must align with delivering on those promises.

When you have that, the question is no longer “Who is responsible for branding?” Instead, it becomes “Who isn’t responsible for branding?”

When should we brand? Early, often, and always

WorkplaceBranding

By Deb Gabor I hear one question from business owners all the time: “When should we brand?”

My answer is always the same: “Early, often, and always.”

Branding is not optional, and the risks of not taking it seriously are very real. Your customers might lose touch with your brand and leave you. A competitor with a strong commitment to branding might overtake you. Or, perhaps worst of all, the market might define your brand for you.

Brand yourself, or someone else will brand you. It’s very dangerous to let your customers, or the news media, or bloggers, or social media, or your competitors define your brand for you.

If you don’t intentionally control your brand yourself, it will take on a life of its own.

Brand or be branded For decades, cable television companies had no competition. They owned a local franchise, which allowed them to do business in a particular geographic area, and that was that. The regional cable companies had mini-monopolies because their customers had few options for home entertainment.

Hence, they often didn’t treat their customers well.

The cable companies knew their customers weren’t going to leave and, as a result, poor customer service became an ingrained way of doing business.

I don’t know if you’ve ever personally had the experience of being a customer of any of the big cable TV companies. If you have, then you’ve probably experienced the overwhelming sense of dread that comes whenever you have to call a cable company about anything. Dealing with cable companies is not a pleasant experience.

Invariably, you’ll start by waiting on hold for 30 minutes. When you do get a customer service rep on the line, you have to repeat all your account information that you’ve already entered. Then the rep will ask you a bunch of stupid questions you already answered for the person you spoke with previously. When you do schedule your appointment, customer service provides you a four-hour window of time when you need to be home. The technician shows up either early or late, or not at all. Finally, you get your cable bill, which is already too high to begin with, and discover that the company charged you way more than you expected for the service call.

When it comes to customer satisfaction—or the lack of it—it doesn’t get much worse than this.

With that atrocious level of customer service, pretty soon some of the big cable companies earned a dismal reputation among customers. You can go into a party and overhear people talking about how frustrated they are with their cable provider. “Oh gosh, I had to call the cable company the other day. What a nightmare. I’m still upset!” Everybody in the room utters a sigh of disgust because they’ve experienced the same thing.

Pretty soon, Consumer Reports or Temkin Group releases a survey and finds that the cable industry has the lowest customer satisfaction scores of any industry. Then the news media picks up the story. The bloggers start ranting. Twitter goes crazy.

Before you know it, the cable industry has been branded as an awful industry that abuses its customers. It can be very difficult to shed that reputation, and it can take years.

The cable industry lost control of its brand and let someone else—in this case, customers—own the brand. When you don’t take control of your brand’s image, and you don’t properly manage the relationship you have with your customers, the results can be devastating. And they show up on the bottom line.

What to do instead Branding doesn’t need to be complicated. You don’t need to have a major branding agency on retainer or go on weeklong branding retreats.

By answering three major questions, you can take control of your brand and understand who you are and how you fit in the market.

These are deep questions, and three full chapters in my book, Branding is Sex, are dedicated to understanding them and how best to answer them.

1) What does it say about the customer that they choose your brand?

2) What is the singular thing that only your brand can deliver to your customer?

3) How does your brand make the customer the hero in their own story?

By understanding the answers to these three questions, companies can ensure that they are sending the right message, and that their customers’ experiences are aligning with their messaging.

Branding is not a step-by-step process I want to be clear: Companies cannot just answer those three questions once and then hang up their branding hat. Answering the above questions is an ongoing exercise that should happen throughout the life of the brand. Branding is not something that takes place at a single point in time.

The answers to these questions will always be evolving and, even more importantly, living your brand and ensuring that customers experience your values is a constantly ongoing process.

You are in a competitive environment with changing customer needs and market forces that are beyond your control. Your brand needs to be constantly evolving to meet these challenges. You have to be in constant touch with your customers and your customers’ needs or subject yourself to the risk of becoming irrelevant.

Create your ideal customer profile

IdealCustomerProfile

By Deb Gabor

What’s the one thing that should always be at the center of your brand?

It isn’t design, color schemes, or masterful copywriting.

It’s your customer.

Some business owners have a hard time understanding this, but your brand isn’t about you. Your brand exists to bolster your customer’s self-image, lead them to achieve their goals, and help them become the kind of person they want to be.

To accomplish this requires you to think carefully about who your customer is. You need to understand them better than they understand themselves.

First, ignore traditional marketing advice Traditional marketing has always taught us to think about segmenting and dividing markets.

When you’re bringing a new product to market, the traditional textbook methodology is to think about who are all the potential people who could possibly buy this product, and then segment based on the potential use cases, the possible purchase channels, and their reasons for buying and not buying the product.

In other words, traditional marketing methods tell us to identify as many potential audiences as we can and then divide them further based upon demographics or shopping behaviors or desires and attitudes.

Using that old way of thinking often means taking your brand message and dividing it rather than multiplying it. Segment marketing suggests that you’re going to create a different brand experience for each of those different audiences. When you start dividing and segmenting your market, you start creating more and more marketing messages that are dissimilar from each other. If not managed, that practice can dilute your brand’s impact.

I’m not against segment marketing. In fact, part of my company does quantitative psychographic research with the goal of creating and identifying market segments and then coming up with marketing strategies and tactics for companies to go after those segments.

But when you create your brand, you need to look to what’s similar among all of those segments to create a singular brand for a singular customer archetype. That customer archetype is called the ideal customer, and it’s an in-depth profile of the customer who is most highly predictive of a brand’s success.

Who is your ideal customer? The ideal customer archetype is something that serves as a guiding principle for everything you do in branding and gives you a singular, highly identifiable customer persona toward which to point your brand’s story.

The ideal customer archetype is a fleshed out, detailed, hypothetical profile of your absolute ideal customer.

This doesn’t need to encompass anyone who might engage with your brand. I like to think of the ideal customer archetype as the profile of that single customer who will spend the most money with you over the longest time because he or she has so strongly bought-in to your brand experience.

Create your ideal customer profile This is where your creative skills come into play. After you’ve spoken to enough customers and people in your social networks who use the product, it’s time to write down a description of your ideal customer.

Close your eyes and conjure up a vivid image of who the perfect person is to buy your brand. Who are they? How old are they? Are they male or female? Married or single? What is their income?

Conjure up an image of who that person is, and write down everything you can think of.

Once you’ve written down everything you can think of, dig deeper.

The best trick I’ve found is to try to imagine his or her lifestyle. For instance, for a hypothetical online grocer in the Northeast, the ideal customer might be a thirty-five-year-old mom with two school-age kids at home.

That’s great as far as demographics go, but we can dig deeper by picturing the rest of her life. She works thirty hours a week outside of the home. She lives in the New York suburbs. She shops for groceries once a week in a big shopping trip, and then she does fill-in shopping every other day. She’s a technology user — she has a smartphone and a laptop and a tablet. She wears high-end casual clothes with designer labels when she shops. She carries a gigantic pocketbook. She keeps a yoga mat in her expensive European SUV, and she does not like minivans. Her total household income is around $200,000.

Now dial in your vision even further. Imagine her getting out of her SUV wearing one of her pairs of high-end designer jeans that cost around $200. She’s wearing a puffy down vest from North Face because that’s what all the other moms are wearing when they pick up their kids from private school.

Continue to go through the process of envisioning who this person is and what their life looks like. Write it all down. Even draw a picture of her if you have to.

Identify the Ideal Customer’s Needs Once you’ve created this ideal customer profile, the next step is to think about that person’s needs.

This is the hardest part of the ideal customer archetype process. This is the part where you have to really dig in.

Let’s go back to our suburban, working mom with two kids. From that detailed description, I can probably deduce some of her needs. She needs to feel like she is the best possible parent she can be. She also needs to look like the best parent in comparison to other moms at her kids’ school. Since she works outside the home, she likely feels the strain of balancing her job and spending time with her kids at this critical age. So she has needs for activities and services and products that give her as much time as possible to spend with her kids in the way that she wants to that also makes her feel like she is fulfilling her potential as their mom.

We also know that she values quality in the products that she buys because she doesn’t have time to drive around town making returns. In thinking about food, for instance, she probably wants to have the healthiest, most nutritious meals she can get for her children without the need to do a lot of shopping or preparation. She certainly doesn’t have time to shop at multiple grocery stores, and sometimes she doesn’t have the time to cook everything that comes to the table for a family meal. However, she still wants to feel like she’s the provider of tonight’s dinner and that the meal meets her very high standards.

Understanding your ideal customer in depth enables you to understand what that person needs most from you and your brand. By getting inside the head of your ideal customer, you’re able to extract from it the story that the customer wants to tell themselves and the world about who they are.

Eventually you’ll get a clear image of who your ideal customer is and, ultimately, whom your brand is for.

The ideal customer profile exercise This is great, but how do you actually do it? How do you figure out who your ideal customer is?

The ideal customer archetype exercise is ideally done in a group brainstorming session with the staff in your company who are most involved in customer-facing roles.

Don’t just invite the top executives! Often it’s your salespeople, customer service reps, returns processors, and delivery drivers who are closest to the customers. They actually know more about your customers than your marketing team ever could.

What I’d recommend is bringing a group together with a big roll of butcher paper, and dividing up into smaller groups to answer the following questions:

  • Who is our ideal customer?
  • What does their average day look like?
  • What are the needs they’re looking to fulfill?

This seems easy enough, but companies often struggle with these branding exercises because the conclusions are sometimes difficult to swallow. It’s hard to leave behind the myths and beliefs that are part of the company history.

But, ultimately, this ideal customer process is extremely galvanizing for companies.

I’ll give you an example. One of the companies that I worked with for a long time was iVillage.com. Back in its heyday, iVillage was probably the largest online destination for women. At the time I started working with the company, it had just become part of NBC Universal. With a mid-2000s onslaught of “mom media,” iVillage struggled to remain relevant and knew it had to reinvent itself in order to compete. Additionally, the proliferation of highly focused digital media sites in passion verticals, such as food, entertainment, parenting, fashion, and beauty, was stealing their readers.

By late 2011, iVillage was struggling to figure out how to both narrow its focus and grow traffic. As part of a branding engagement, I had them do the ideal customer exercise.

For iVillage’s ideal customer exercise, we did exactly the process described above. My team brought out a big roll of butcher paper and cut it into six-foot lengths. We divided up the staff of about one hundred employees into smaller groups. We gave each group markers, art supplies, magazines, photographs, glue, and scissors. Then I gave them the assignment of creating an image of iVillage’s ideal customer, using all that stuff.

One group actually had one of their team members lay down on the butcher paper, and they traced her body with magic marker. They gave her big eyes and big ears because they wanted to communicate, “Our ideal customer is somebody who has a curiosity about the world around her and is seeking information from other people.”

Another group drew their ideal customer as a woman with a gigantic pocketbook filled with items from different categories, such as parenting, beauty, fashion, and health. Their idea was, “Our ideal customer is somebody who is super engaged and productive in her world and needs inspiration, information, and connections in all of these different areas of her life.”

Another group drew this Picassoesque Cubist version of a woman with five arms and six legs and ten eyes. This was their version of a woman who is doing a lot of things at once.

Each team presented their ideal customer diagrams to the rest of the teams. Then I challenged them as a larger group to combine those traits to come up with a singular ideal customer profile. That group of one hundred people used all of those inputs to create the North Star version of their ideal customer.

Although it was difficult for them to give up some of their company’s tribal knowledge and assumptions around who their audience should be, it was extremely galvanizing for them to narrow their focus to align on a singular profile.

What’s next? The ideal customer profile is just one exercise I recommend for companies to align their focus on exactly who their customer is and what deep needs they are fulfilling.

For all the tips, tricks and exercises we use with our Sol Marketing clients, as well as a deeper understanding of how to think about your customers’ needs, check out my book, Branding is Sex.

 

The brand values pyramid: get to the top

Brand Values Pyramid

by Deb Gabor In Marketing 101, professors taught us that customers make rational purchase decisions. However, as a student of branding and marketing over the past 25 or so years, I’ve learned that reason informs, but emotion persuades.

The practice of branding requires digging a lot deeper into your customers’ needs, wants, and desires and then trying to uncover the inner stories customers tell themselves.

Marketing 101 was a good start, but to really understand branding, we need to leave the business school and walk across campus to the psychology department.

Maslow Was a Marketer If you think back to Psychology 101 class in college, you probably remember studying Maslow’s hierarchy of needs. Maslow shaped his hierarchy like a pyramid, with the most basic human needs—food, water, shelter, air—at the base and loftier, more emotional needs at the top. The theory is that all humans must first solve for the lower levels of the pyramid before moving to the upper levels.

Once a person is no longer worried about finding food and water, he or she can move up to solve the problem of safety. Once that person figures out safety, he or she can move up to love, and so on.

brand values graphics for blog-04
brand values graphics for blog-04

Just as Maslow’s hierarchy explains human motivation, the brand values pyramid illustrates the idea that, when a person makes a decision to purchase or use a brand, they are motivated to achieve certain needs. After fulfilling one need, a person seeks to fulfill the next one, and so on.

As customers move up the pyramid, brands must meet more of their customers’ emotional needs, and as those emotional needs are met by more and more companies, the best brands must support customers’ process of becoming self-actualized.

Branding Lessons from My Garage Currently, I have two cars parked in my garage. I drive a sweet midsize Audi SUV, and my daughter drives a midsize Hyundai SUV.

Baseline Requirements The things that make both of these products midsize SUVs are what we call baseline requirements, which equate to the base of Maslow’s hierarchy.

In Maslow’s pyramid, those basic physiological needs are food, water, shelter, air, and so on.

In midsize SUVs, the baseline requirements are wheels, an engine, and a steering wheel, as well as seats, mirrors, windows, and the basic functional benefit of getting you from point A to point B.

The basic things that these two cars have in common with one another that make them function as midsize SUV’s are the baseline requirements for anything in the midsize SUV category.

All cars must meet these baseline requirements and deliver these functional benefits, or today’s market of SUV buyers will not take them seriously.

Emotional Benefits The next levels up in Maslow’s hierarchy are safety, belonging, and affiliation and esteem needs. These are the benefits that make you feel like you’re part of a group and protected.

In the brand values pyramid, these middle tiers describe how certain features make the consumer feel. In car talk, these are the options. In branding, we refer to them as emotional benefits. Emotional benefits can provide a competitive advantage, but they are not your brand.

The options packages in the middle of the pyramid for today’s cars are things such as Bluetooth, voice-activated navigation, heated seats, self-darkening mirrors, bi-xenon headlamps, and a variety of other cool things.

Not every model of car in a category offers those features, so they’re still somewhat differentiating and can command a premium purchase price. However, these features are easy for other brands to imitate, so they don’t define the brand and certainly aren’t sustainable long-term brand differentiators.

Like the functional benefits we discussed before, emotional benefits alone will never be enough to create and sustain a brand. As today’s options become tomorrow’s standard equipment, these emotional benefits aren’t enough to differentiate your brand.

brand values graphics for blog-02
brand values graphics for blog-02

Self-Expressive Benefits Self-expressive benefits—the stuff at the top of the brand values pyramid—enable customers to complete the statement, “When I eat/drink/drive/wear/use this brand, I am___.”

This is where brands become transcendent, symbolizing their customers’ self-concept and giving consumers a vehicle to express themselves.

When brands provide self-expressive benefits to their users, they can engender deep emotional connections. For example, consider the difference between the self-expressive benefits associated with Heineken beer, which may heighten a person’s self-concept of being a sophisticated, discerning, worldly person, with those of Budweiser.

Back to the two cars in my garage: the Hyundai and the Audi both meet the baseline requirements for midsize SUVs and provide some similar and compelling middle-of-the-pyramid features and emotional benefits. These two cars are so similar in their physical makeup, features, and benefits, that if you were to take the brand names away, they’d be virtually indistinguishable.

But everyone can agree that an Audi is an Audi, and a Hyundai is not an Audi. It’s a Hyundai.

Each of these two brands is unique and singular in what they let their owners say about themselves. For me, driving an Audi makes me feel powerful, cool, and in control. For my daughter, driving the Hyundai makes her feel responsible, stylish, practical, and safety conscious. Those feelings connect us to each of the two brands in very powerful ways, and elevate our concepts of ourselves and support us in telling a story to the rest of the world.

The most powerful brands are the ones that say something about their user. The key to successful branding is to make self-expressive benefits part of the brand value proposition to add richness and depth to the brand and the experience of owning and using the brand.

brand values pyramid for blog-01
brand values pyramid for blog-01

How to Discover Your Brand’s Self-Expressive Benefits There are three questions that every brand must be able to answer in order to understand how the brand values pyramid impacts their brand. These questions can be difficult to get to the bottom of, but once you understand them, they allow your brand’s strategy to flow naturally.

The three questions are:

  1. What does using your brand say about your customers?
  2. What is the singular thing your brand delivers that customers can’t get from anyone else?
  3. How do you make your customer a hero in their own story?

These questions may seem simple, but very few companies are able to answer them clearly. Those who can are usually the brands who win.

How to accurately answer these questions is beyond the scope of this blog post. In fact, there are three full chapters in my book, Branding is Sex, that focus exclusively on better understanding these three questions.

If you’re a brand struggling to deeply understand your customers, that’s the best place to start.

Part 3 of 3: Kerry Rupp and Sara Brand: Investing in positive purpose

Morning

Kerry Rupp and Sara Brand from True Wealth Ventures recently sat down with Sol Marketing to discuss their new fund, why women-led businesses are a great investment, and what they’re doing to make sure women-led businesses get the capital they need to grow. In this last of three posts, Rupp and Brand talk about why they're focusing on companies with a "positive purpose" and what they're obsessed with, and offer up words of wisdom for women entrepreneurs.

(Read parts one and two of this three-part interview)

What makes a for-profit company that is a positive purpose company different from a non-profit or a regular for-profit?

SB - The simple answer is that the positive purpose for-profit companies are looking to make money and grow their business model so that they can create significant financial returns. One of the things we have seen with women being investors is that high net worth women have made a lot of philanthropic ventures, but have not tended to invest in VC early stage asset classes. A lot of investors behind VCs have a similar gender profile. We see this as an opportunity as being an easier way for investors to try us out and know that their money will make a difference in the world, and that they will receive a significant ROI.

My view is that these for-profit, for-good companies look at creating a view of their stakeholders beyond just their shareholders. They think about the environment and having a greater impact in the world and they have the potential to move markets and change the world faster and in a bigger way than nonprofits.

KR – It’s starting to become a bit of a requirement for consumer products because millennials and women are building criteria about companies and how they behave when utilizing their decision process-- thinking about locally sourced, sustainably raised. Instead of thinking of it as you’re giving something up by giving so much to these other stakeholders, instead it can be what drives revenue streams and purchases because they are listening to their target market. The traditional view was that by taking into account certain stakeholders you are giving up some financial rewards, this is not true anymore. This can be how you win!

 

If you could go back in time and kick your younger self in the butt what would it be about and why?

SB - I got my PhD in Mechanical Engineering. I spent many hours doing these detailed things that I use zero of today. I would go back and tell myself just pass the exams. You don’t need to master this material that you will never use again.

KR - I’m going to take a bit of a cop-out answer, but I would say that I wouldn’t take any of my failures back. It is a part of the process and critical for learning. I feel like they were important in my development.

Besides your work with entrepreneurs and investors in the VC world, what are you obsessed with?

KR - I have been spending more time researching the health sector. Over the last few months I’ve been looking at inflammation and diseases and how epigenetics impacted these diseases. I started looking into what type of things people can do in a preventative way to stop these diseases from happening. I’m also looking into therapeutics in this space.

SB - I have a similar answer, so when you take that away I don’t have much to add. I have a son that was diagnosed with celiac. Because we owned a microbrewery, we ate a lot of bread products and all things gluten. I learned a lot about disorders like celiac. This opened my eyes as to what affects the things we eat are having on our bodies, especially in cases with autoimmune diseases. This is something I have been educating myself on and trying to learn more about.

Any parting words of wisdom for our women entrepreneur readers out there?

SB - Woman entrepreneurs need to know that there are so many opportunities out there for them, because they can bring a lot of value to the table for these startups that lack gender diversity. For woman investors, I think that what’s most inspiring is that today women hold 40% of the U.S investable assets and in the next 15 years that number is supposed to go up by 2/3. Women at the purchase point and their investments, they have the power to move markets. There is a lot of influence that women can have with their investments.

KR - From a marketer’s point of view, there was a process that got us to this place where we could focus on particular sectors and the gender lens. For people that are going through the process, talking to your customers and understanding your target market to identify your competitive advantage is something we all go through.

 

Part 2 of 3: Kerry Rupp and Sara Brand talk about why they focus their investments on women-led businesses

Kerry Rupp and Sara Brand from True Wealth Innovations recently sat down with Sol Marketing to discuss their new fund, why women-led businesses are a great investment, and what they’re doing to make sure women-led businesses get the capital they need to grow. In this second of three posts, Rupp and Brand talk about their "why."

(Read part one of this three-part interview here)

Why did you start this endeavor?

SB - Well the light bulb came on about a year and a half ago. I knew I wanted to get into venture capital somehow here in Austin. Austin is rated as the number-one startup city in the U.S., we have UT with their research and their new medical branch opening up. Over the last few years of education and career I was always around male-dominated environments. My husband and I started a microbrewery after I worked in the semiconductor industry.

All of these were very male-dominated. I was asked at the semiconductor job to become the executive sponsor of the Global Women’s Forum. After taking the position I read some studies and found that companies with more women in leadership positions performed better financially. At the same time, I was trying to figure out what my company could do about their numbers. Meanwhile I was trying to figure out my right move here in Austin. I realized that women were underrepresented and that I had never met a woman in VC here in Austin.

Of all VC partners, only four percent are women. Three percent of companies are women led, and those companies see 35% higher return utilizing a third less capital. We found a blind spot in the market without funds that are investing with this lens.

KR - When I ran DreamIt we started a DreamIt Athena for woman-run startups. Many times these people had trouble fundraising and/or they received comments from VCs that this market was just not a sector in which they invested. Then I met Sara and found out about her fund. I realized that we really had a significant gap in what the market offered today and what we could deliver.

 

What are some of the unique challenges and opportunities women face both on the investment side and as entrepreneurs, given this underrepresentation?

SB - Well, my mind went first to the disadvantages. What women have traditionally seen is that they are undercapitalized. They don’t have the same networks that most entrepreneurs use to get their companies off the ground. Or they are not willing to ask-- not thinking about it or willing to ask as men have typically done.

Also, as they start scaling the business, because of less capital they tend not to think as big or grow as quickly. Many woman-led businesses end up being undercapitalized and under scaled.

KR - Advantages are that with women making a lot of the purchasing decisions, we have a lot of the point of view around what marketing would resonate, what type of messaging should we use, etc. Because they understand the customer better, this can be an advantage.

SB - That reminds me of another study I read. When entrepreneurs created a product or service based on a particular need they have, they were significantly more successful. Women tend to be the largest percent of that category. The advantage women have here is that there have been a lot fewer leaders at companies addressing the certain needs that women have historically had a better understanding of.

 

Are you getting traction with this? What do you see coming short- and long-term?

KR - These numbers really resonate with people. When you quote the statistics on the performance of women-led companies, people gasp and it really opens their eyes. They realize there is a gap here. The health and sustainability sectors are particularly popular here in Austin, and we are already seeing many startups in these sectors here in Austin being led by women. Although we focus on Texas as a whole, it’s great that we have these types of organizations right in our back yard.

SB - As more women invest and millennials can invest more significant sums of money, this is an area that really resonates with them. Seventy-three percent of millennial women not only want a great financial return, but also to invest in areas that have a positive impact in the world. There are similar numbers for investors that want to invest in more gender diversity.

 

Watch this space for part three.

Part 1 of 3: Kerry Rupp and Sara Brand from True Wealth Ventures are funding women-led companies for the greater good

Part one of three Kerry Rupp and Sara Brand from True Wealth Ventures recently sat down with Sol Marketing to discuss their new fund, why women-led businesses are a great investment, and what they’re doing to make sure women-led businesses get the capital they need to grow.

Who is True Wealth for, and why do you do what you do? Kerry Rupp - We are an early stage venture capital fund. This fund raises money from investors, then invests the money into women-led companies. By that, we mean there’s a woman of significant decision-making influence on the executive level of the company. Companies with more women in leadership do better financially, and having gender diverse teams-- with women making 80-85% of the consumer purchasing decisions-- will have inherent advantages when developing products.

Our target is an early-stage company that is high-scale with opportunity to grow quickly and get acquired in a five-year time frame. They fall under the sustainable consumer or health-related business umbrella.

What do you think it says about someone that meets all that criteria and they work with TW and not someone else? KR- Only three percent of all VC-backed deals are woman-led. Given that women are starting companies at 2x the rate of men, there are a lot more woman-led companies than three percent of the market. An entrepreneur that wants to work with True Wealth specifically understands the need to get more growth capital to women and they believe that having a woman’s perspective brings benefits and insights.

Sara Brand–We have two “customers”: those who invest in us and those we invest in. The primary criterion when making an investment is the financial return. There is also a feel-good component-- the social issue of having woman led companies. Our fund also focuses on people that care about social issues such as gender, health, and sustainability. It makes them feel good that they can make money and do good things at the same time.

What is it that your clients get from you that they cannot get from anyone else? What is singular about the experience you deliver? KR – Well, in one sense that is a really easy question to answer. Because in terms of VC funds that are women-led and investing in early stage companies specifically with women decision makers, there are no funds like this in the central United States. They cannot get this anywhere else besides California and New York.

SB - And, actually, if you look at impact investment funds, and we are one because we have the gender focus. We are also investing in sustainable consumer and health verticals. There are no other impact funds that have a specific investment thesis to get more women to the leadership table.

KR – I think that one of the components that women portfolio companies mention is having someone on their investment side that “gets them” and their market better than a traditional VC. Especially when the end customer is a woman. Having a woman at the leadership of those companies and having an investor that gets the decisions that are being made around design, delivery, etc. of those products. The magic is in the diversity, bringing the different perspective to the table considering most companies are led by men.

With all those pieces in place, how do you put that together to make your client the hero in their own story? SB - A lot of our focus is on women and women entrepreneurs: supporting them and their great ideas, scaling them into the market and the world. The number one issue we found is capital. We have seen a lot of organizations focusing on educating women about business plans, etc.– but not a lot of writing checks to scale their business. They need access to the growth capital.

KR - Thinking from an investor’s point of view, thinking about their investment decision, it allows them to “do good and feel good.” Because they are getting a financial return, given the thesis that companies with women in management teams perform significantly better financially. At the same time, they are investing in sectors that are helping the world and affecting social/environmental issues that matter to them.

Check back for parts two and three of our conversation with Kerry Rupp and Sara Brand.

Austin startup funding in 2015 led by HomeAway’s buyout by Expedia

Built In Austin surveyed the local 2015 startup financing landscape and – not surprisingly to those who’ve been paying attention – it was a banner year. Companies in Austin’s digital technology industry raised almost $1 billion in new capital in 2015—not counting HomeAway’s behemoth $3.9 billion buyout by Expedia.

Top segments securing fundraising were e-commerce, marketing and advertising tech and data and analytics—all topping $150 million.

That HomeAway deal is important for another reason. It proves Austin is capable of nurturing and birthing a consumer technology brand and not just enterprise tech brands.

This is all very good news for Austin, and for the tech industry. Congratulations to everyone. Now let’s see what happens next!

Sol Marketing salutes the Austin tech scene, and HomeAway in particular. Sol Marketing has worked with HomeAway several times over the years, starting before the company was even called HomeAway.

Read the whole report here.

SlideShare: Your Ideal Customer Archetype

Sol Marketing is ecstatic that we were able to help a great group of fellow marketers identify their ideal customer. Deb Gabor gave a unique presentation at AMA Austin's event: Building Your Ideal Customer Archetype. It was a wonderful interactive experience in which we were able to dive deep into the questions you must ask yourself in order to define your #IdealCustomer. If you missed out, or you just want to refresh your memory, take a look at the Ideal Customer Archetype Presentation and Ideal Customer Archetype Worksheet. In this presentation you will:

  • Discover the three existential questions you must ask yourself
  • Understand how to protect your brand using individualized interactions
  • Learn how to create your ideal customer archetype

If you enjoyed the AMA luncheon, we hope to see you at some of our upcoming events such as

Interested in more information? Let's start something great together!