Digital Media and Market Invention
Digital media is changing so fast and so often that it can feel impossibly overwhelming. Last year, everyone had a podcast and an influencer campaign. And you’ve probably heard that this is the year of chatbots, analytics, Generation Z, voice search, and video content for mobile. It’s a lot to keep track of.
But before you rush off to the first digital media strategist you can find, consider this: does good digital media marketing really mean just matching the trends of the day? Or, since those trends will always be shifting and evolving, might there be some underlying strategy at the base of all that (very important) surface-level stuff?
Of course there should be, but it doesn’t seem like many brands have a deeply thought-out strategy behind their digital media campaigns.
We have an alternative to the fickle, “me-too” digital media trends: Market Invention.
We’re not saying you should ignore the trends. Quite the opposite: embrace the trends, just do them better and with a real, articulated purpose. Market Invention is about using research, creativity, and vision to create new markets—a perfect lens through which to view the digital media world.
While market invention often involves new products or services, market invention in digital media can be as deceptively simple as differentiating a product through a new sense of purpose. Consider Heineken’s smash-hit “Open Your World” campaign. Although Heineken didn’t change anything about their beer, they portrayed it in a new way: a beer (and a company) that was about bringing people together and bridging even deep differences. It was a timely, powerful message that won millions of fans.
Why did “Open Your World” have such spectacular success compared to many other campaigns? In contrast to the ever-changing trends of digital media, a campaign like “Open Your World” is timeless. Because its core is brand positioning, the campaign could be readily tweaked to fit many trends or digital formats and still be persuasive. It’s the difference between playing-follow-the leader and having the strategy of a market inventor.
To learn more about digital media and Market Invention, visit our homepage.
Nikola Motors and the Future of Trucking
The Process Behind Disruption
Disruption might be the biggest business bandwagon of all time. But ask most people what their idea of disruption is, and they’ll stare at you with a blank look or start rattling off a set of disjointed ideas.
How to Not Become an Expert
Experts are impressive, but there are some trade-offs. First, there’s the obvious opportunity cost to hyper-specialization: all the other things you won’t be able to do. But there’s another, more subtle cost: you risk losing the beginner’s mind. As you restrict your inquisitive nature, your sense of wonder fades. You become uncomfortable with ambiguity. You forget how to learn in new ways about new things. You might begin to start liking the idea that you’re an expert and slowly, unconsciously start closing your mind to the opinions of non-experts. Then, to the experts who don’t agree with you. The process continues, and eventually you find yourself totally isolated, lost in your own ideas.