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	<title>Premium Chatter &#187; premium brand index</title>
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	<link>http://www.PremiumChatter.com</link>
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		<title>Premium Tools vs. Social Media</title>
		<link>http://www.PremiumChatter.com/2010/01/26/premium-tools-vs-social-media/</link>
		<comments>http://www.PremiumChatter.com/2010/01/26/premium-tools-vs-social-media/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 22:46:38 +0000</pubDate>
		<dc:creator>Lauren Gourley</dc:creator>
				<category><![CDATA[Advertising]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[brand identity]]></category>
		<category><![CDATA[brand loyalty]]></category>
		<category><![CDATA[brand value]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Grocery]]></category>
		<category><![CDATA[myspace]]></category>
		<category><![CDATA[premium brand index]]></category>
		<category><![CDATA[youtube]]></category>

		<guid isPermaLink="false">http://www.PremiumChatter.com/?p=372</guid>
		<description><![CDATA[In case you&#8217;ve missed it, we at the WD tout our specialization in premium brands as our differentiator among other full-service advertising agencies. In our endeavor to be the experts on premium brands, we&#8217;ve developed some proprietary Premium Tools—one of which being our Premium Brand Index ™. Basically, we take up to ten brands within [...]]]></description>
			<content:encoded><![CDATA[<p>In case you&#8217;ve missed it, we at the WD tout our specialization in premium brands as our differentiator among other full-service advertising agencies. In our endeavor to be the experts on premium brands, we&#8217;ve developed some proprietary<a title="Premium Tools" href="http://warrendouglas.com/warren-douglas-premium-tools.html" target="_blank"> Premium Tools</a>—one of which being our <a title="Premium Brand Index" href="http://warrendouglas.com/warren-douglas-premium-index.html" target="_blank">Premium Brand Index ™</a>. Basically, we take up to ten brands within a category and rank them using this measurement system designed to accurately gauge the premium strength of each brand.</p>
<p>So, while knee-deep in indexing products within the grocery, home, software, and health &amp; beauty categories, I began to wonder what would happen if I indexed the popular sites YouTube, MySpace, and Facebook against each other. Taking information from Mediamark Research &amp; Intelligence® (MRI), Google analytics and other special goodness (we&#8217;ll never tell!), our system plotted these guys on a scale of 0 to 100 in what we call &#8220;premiumness.&#8221;</p>
<p>Not all too shockingly, MySpace came in as the least premium with a score of 5 out of 100, while Facebook ranked at 49, and YouTube at a whopping 96! Among other factors, the interesting details that surface include the knowledge that 49% less information is consumed on MySpace than it&#8217;s counterparts. Also, 45% of MySpace users also use Facebook, which, if talking about cream cheese, we&#8217;d consider to be a brand loyalty problem.</p>
<p>The data also reveals interesting trends in the buy styles of these media consumers—20% of YouTube users fall into the category of &#8220;Buyers of the Best.&#8221; This generally denotes that they are brand loyal and tend to be willing to spend that extra dollar to get it. YouTube users also tend to have a higher overall income and have the most loyal following in incomes of $200K+.</p>
<p>While all this data is wonderful, how do we apply it to marketing in the real world? It may not seem too far-fetched from our current assumptions that YouTube is pandemic, Facebook is getting there (if China will let them), and MySpace is just plain sad. However, when structuring a marketing plan for a brand that utilizes these three modes of social media transportation, it is emperical evidence that it does matter which brands advertise where.</p>
<p>For instance, even though my last post indicated that 18–22 year olds are now purchasing more specialty food items, a such brand should not inherently push all their efforts into a MySpace campaign. We learn in this study that not only are MySpace subscribers less loyal to brands, they also aren&#8217;t the 18–22 year olds with the cash to spend. Also, they tend to lean toward coupon purchases, which most specialty foods cannot afford to do.</p>
<p>So, while this exercise is not 100% fool-proof—and is done mainly as an illustration (we charge for the real thing!)—it does convey the general idea that not all entities within a category can be premium. There are definite factors determined by the consumer&#8217;s perceptions, behaviors and experiences that shape what your brand is. And doesn&#8217;t it just make you the least bit curious to find out how premium <em>your </em>brand is?</p>
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