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What’s the Killer Performance Indicator for grocery product growth?
Well, one stat you should absolutely positively track is consecutive repeat purchase rate (CRPR).
It shows how often people pick your brand on back-to-back purchases of the category. E.g., how often you get bought twice in a row.
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When’s the best time to kill your mascot?
In 2020, Planters killed off their 104-year-old mascot, Mr. Peanut.
10 days before the game, Planters dropped an ad online where Mr. Peanut sacrifices himself to save his buddies in a fiery crash.
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How many brands can one person “love”?
In marketing, we talk about “brand love” all the time — well, some people do.
But what’s the State of Brand Love in America?
A couple years ago, Upland Localytics did a simple survey of 1,000 adults to find out. Turns out, there’s no time for love, Dr. Jones.
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When do you know you launched a bullseye vs a brick?
Nielsen crunched a whole lot of data to see the pattern — at least in terms of distribution — for CPG (consumer packaged goods).
They found that for the first 6 months, all launches grow distribution equally well. (% ACV is a measure of how many stores a product is sold in out of all the possible stores. Roughly-ish.) Good sell-in and retailer excitement helps most brands ramp up quickly.
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Do ads really ever “wear out”?
Analytic Partners has just put a heaping mound of data on this question. They looked at the effectiveness of over 50,000 ads in 2020 to see if their impact was wearing out.
They found that 14 of them — FOURTEEN — showed signs of wearing out.
That’s 1 in 3600. That’s 0.03%. In other words, 99.97% of ads were going strong, doing fine, and didn’t need to be replaced.
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What were the best (& worst) posts from us this year?
Let’s start with the best. Here are the top 3 Most Interesting Posts as voted by you, The Public:
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What’s better than the Net Promoter Score?
Like, is the Net Promoter Score (NPS) some kinda magic number for predicting sales growth and tracking your brand health and measuring customer loyalty?
Not really, no.
A team led by Sven Baehre at the University of Limerick has been doing lots of work on the NPS.
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How big should you make the logo?
Like, does it hurt a brand’s likability if the logo is too big?
Turns out no. It doesn’t.
Clear Channel UK did a nifty study on an outdoor ad for Müller, a €4.6Bn yogurt & dairy maker in Europe.
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Is a diamond still forever?
When does one of the world’s most famous, most iconic, and most successful marketing campaigns “wear out”?
“A Diamond Is Forever” launched in 1948 by De Beers, and it helped the diamond engagement ring become a default part of betrothal. It’s so ubiquitous it feels more like a colloquialism than an ad campaign.
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What’s the best-size influencer to work with?
Like, should you work with small, “niche” influencers, or big (and probably expensive) superstars?
Wies, Bleier, & Edeling did a nice analysis of Instagram campaigns to try and figure it out. It was a meaty study.
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What do we mean when we say “brand”?
It's one of those words like “love” or “art” that means lots of things.
Here's a super-simple way to clarify it for those in the trenches.
BIG B BRAND is your reputation.
LITTLE B BRAND is how people know it’s you.
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What really drives market share growth?
Ok ok ok, first of all: caveats galore. This stuff is complicated. And multifaceted.
But Bruce Clark of Northeastern University did an elegant study recently that gives us some clarity.
18,000 shoppers. 112 brands, 36 countries, 1 FMCG category. (Pretend it’s snacks. Or soda.) One nice set of year-over-year data.
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Which election map should we be using?
Why go through this seemingly-basic stuff in such detail?
Because if we chase the wrong data in business, that can be dangerous. And if we do so simply because we didn’t display it well, that’s just crazy.
If bad data takes you confidently in the wrong direction, then bad data visualization lets you jump confidently to the wrong conclusions.
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Why do polls fail?
Like, why do political polls seem to be so bad at predicting elections.
There are two parts to the answer.
1: UNACCOUNTED-FOR ERROR
2. OUR EXPECTATIONS OF POLL PREDICTION
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Can a strong brand improve performance marketing?
Like, does performance marketing perform better if you have a strong brand?
Tracksuit worked with TikTok to find out.
They studied 3 years of TikTok data from AUS/NZ for 11 brands running ads for at least 10 months each. Aided brand awareness ranged from 10% - 60% for the brands.
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How bland can brands get, anyway?
In the past 20 years, bland cars — black, white, gray, silver (aka gentrified gray) — have gone from 60% of all new cars to 80%. Yowza!
White cars are #1, having nearly doubled from 16% to 28%.