“What is a marketing miracle?” you ask. In my world view, a marketing miracle is when a small entrepreneurial company can “out brand” the largest established companies in their space – without breaking the bank in marketing and advertising costs. Or a miracle can be the launch of a company that was considered as dull as watching paint dry become a poster child for the prosperity of the dot com boom. Some miracles have a David versus Goliath feel to them, others are miracles of timing. It’s useful for marketers to recognize marketing miracles because if you are lucky enough to be in on the ride, it is always exciting and rewarding on many levels in one’s life.
Does it happen a lot. No, which kinda of explains why it is called a miracle. But they do happen and I know because I have been lucky enough in my career to have seen two, spread over a dozen years.
Why I got so lucky to have a ring side seat not one miracle but two – who knows. But I know a miracle when I see them and I am always in awe. It restores my faith in the possibilities of what marketing can really do for a company. It is restorative and inspiring which is why I want to share it with you.
My first miracle was when the Lucent brand was launched. (As a side note – Lucent rise and fall of Lucent was in my opinion a case when marketing was actually better than the products the company had to sell. It was only a matter of time before the product realities overwhelmed our ability to create a compelling brand message. But that’s another story L )
Anyway, I was an AT&T employee at the time, and I was drafted (literally) to go to the equipment side of the company, yet unnamed. I was not happy. I wanted to stay with AT&T but an ex-boss of mine convinced me it could be fun. “I’ve never actually launched a brand” I said. He said, “we’ll learn”. We did and fast. I became part of a small core team who had the full responsibility to launch the Lucent brand. My role was corporate brand management and I had to deal with all sorts of rebranding requirements – from buildings to stationary and everything in between. I was responsible for product naming and worse I had to enforce a set of corporate marketing communications guidelines across 11 very very independent business units who all had their own idea of how to market their brands which often did not adhere to the greater Lucent branding good.
And yet, after just 12 months, the brand was awarded a best-in-class brand by the American Marketing Association. We continued to win that award two more years. Stock had gone up a lot. After 18 months, we won the APQC Branding award (American Productivity and Quality Council). Harvard did a case study. In other words, we made boring telecom equipment sexy – to employees, to customers, to partners and most importantly to investors – big and little ones. In fact, we overtly targeting individuals to invest in Lucent as individual investors tend to “buy and hold”. After two years, a stock that had started at about $5 had risen so much it had split.
So what was the miracle? The miracle was that we were able to market Lucent to reflect the optimism the emergence of the Internet was having on the collective psyche. The miracle was one of being able to capture the core essence of society’s imagination just at that moment in time.
I admit it. I was a non believer. I was almost (gasp) blasphemous. The CEO of Comodo in June or July of 2006 set what seemed to me to a highly optimistic goal regarding the number of installations of our consumer firewall solution. I was not sure the number was even possible. We were after all starting from a cold start. The first 6 months or so were slow. We celebrated when we hit the 1,000 mark with great glee. But then, we got our viral marketing engine into gear. Forums were set up, web pages were SEO’d and so forth.
In about 15 months since launch we had reached download rates that I thought were unattainable. After 20 months, I realized how right the CEO was. In just under 24 months, we have just launched the first of a line of identity management solutions for end users starting with a new No Worry Warranty. No one else in PC security comes close. The sales goals have been set. They are optimistic. But this time I do believe. We will achieve it – sooner rather than later.
Which leads me to miracle #2.
The power of this strategy has resulted in Comodo being more searched on the Internet than the $3B company VeriSign. All on the fuel of emarketing. It’s not free – but it doesn’t cost $80/ barrel either.
Do you believe in miracles?
Filed under: anti virus, brand awareness, computer security, emarketing, firewall, Internet, judy shapiro, online marketing, pr, search engine optimization, security, SEO, social media, viral marketing | Tagged: comodo, firewall, marketing, PC security, social media, viral marketing |