The Bad this week is GoPro.
Don't get me wrong,
I love my GoPro, but the company has been struggling
as their drone division crashed and camera sales stopped growing.
The GoPro brand has done some amazing things.
They associated themselves with coolness and
adventure and became an aspirational brand for the lets say...
Amateur-adventure people?
But the reality is our videos aren't that cool.
We don't have time or skills to edit them, so we just end up with Gigs and gigs of unusable
fisheye video.
Don't get me wrong, GoPro will continue to be THE go-to product for this,
and this,
and this guy.
The world just has a limited supply of extreme adventure people, and so do the
company sales.
Let's take another brand that went for extreme sports,
Red Bull.
We all know the taurine, and the caffeine in a can of RedBull will eventually kill us...
but who cares, I want to skydive from the stratosphere, or off this cliff or drive this
Formula 1 car- or maybe just this one.
Nah I just have a ton of work.
So the tip this week revolves around brand building.
Over the last few years, our goal at the Slidebean marketing team has been growth, growth, growth.
Direct user acquisition
Pay for an ad here and see the money come out on the other side.
That's probably the way to go when you are just starting a company, but there is a point
in time where you must start investing in your brand.
I don't know, maybe have your logo redesigned, start investing in content and social media,
building a follower base.
Reaching out to people who might find your product perfect
but just weren't looking for it.
Check out Slidebean- amazing, simple presentations!
See you next week.
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