Who’s brand are you building on the “Radio”?

Let’s look at an idea through a fictional conversation

E: We need to market our brand and attract more long term clients?

B: I completely agree, let’s advertise more of the tv, “radio”, social media, everywhere. We just need to give the proper tease to get people to come ask for our services. What do you provide that people can’t get anywhere else?

E: Well, I have 30 years experience in the field, so I’ll be working 1 on 1 with clients to advise them on their portfolio. We could do a 30 second ad that shows the process you’d go through and has lots of great pictures of people happy with their families because they’ve had a secure “finance” situation thanks to talking with me and my team.

B: Hmm.. I’m not sure that’s the approach we want to take. Here, how about this. Instead of showing your services and saying how great individualized attention is with you, the expert, let’s instead have an infomershial. Yeah… I can see it now. People will be more engaged with it because it’ll be longer; AND, you’ll be able to help more of them because instead of putting it on multiple platforms we’ll only put it on “radio”! You know “radio” is the wave of the future and it travels REALLY far, almost globally. Also, people don’t respond well to that happy families thing, they want to learn about how to make more money so they can buy more stuff. So I’m thinking lots of smiling attractive people swimming in money because they listened to your infomercial and then came in to become clients!

E: err, So you want me to change the message to be a longer discussion of finance, in a more watered down way for more people? And just 1 place? Why would we only advertise on 1 location?? And besides that’s not the experience they’d get by coming in to see us, I don’t know how I feel about this plan. We’re about a lot more then just making people money.

B: Just 1 place; oh you make it sound so bad. No silly, it’s got millions of people on it. I don’t know if you know how technology like “radio” works, but you broadcast a message, people pay attention, at scale, and then the money just comes pouring in. And as for your message, we don’t want something representative of what 1 person’s experience is like; we want this to be eye catching, really wow the crowd to hold onto their attention. That’s the only way your going to make the final sale in the end, is if you present a product that blows people away; ignore the fact that it’s not really what you do, you just have to go with the flow.

E: Hmm.. ok, I mean I guess your right. We do things a bit dated around here and I am really worried that we’re missing out on potentially helping people and bringing ourselves more business.

B: Well, to make money you have to spend money; and the best way to do that is to partner with “Buy-in-large” to put your infomercial out to as many people as possible. Then, once the idea.. {cut off}

E: Wait, did you just say partner with “Buy-in-large”?? I thought this was OUR infomercial, why do we need them? And they don’t have experience in the “finance” industry, why should I trust them to get our my message about how great we are at helping individuals with “finance”?

B: You didn’t let me finish. Your clients are here to make money so that they can buy more stuff, “Buy-in-large” is the perfect fit. They sell stuff to people and provide a platform to sell more stuff upon them becoming clients of yours and “Buy-in-large”s.

Also, you can’t do it on your own. I mean this is “radio”, how are we ever going to put something on a “radio” without partnering with an organization of their size. “Buy-in-large” is exactly the kind of group that we want to be affiliated with.

Trust me, if you want this captive audience’s attention and to potentially turn this into a sale down the road, you gotta pair up with “Buy-in-large”.

E: But that doesn’t even make sense. And really, how captive an audience could “radio” possibly have? I mean I hear that there might be millions of people that goto “radio”s but that it rarely converts into paying business; isn’t “radio” more about just getting our name out there? That’s not what I need, we already have a name for ourselves in this industry, I’m just trying to attract a few more perspective clients and show them quickly how I can help them through personalized advise.

B: Ok, if your ever going to make this work you need to drop this notion that you know what your talking about. I mean, you’ve been at this for 30 years; times have changed. People don’t want personalization anymore, they want large, well presented arrangements that they get for free without any potential market applicability.

You have to trust me, I’m the expert and besides, everyone else is doing it. If your going to keep up the perception that you are also good at what you do, your just going to have to swallow your pride a bit and get on “radio” like the rest of them! It’s the only way to survive in the coming years when business is going to get tight.

E: But all I wanted was to put out a quick notice that we exist and that we’ve got great experience for them..

B: Ya well your perspective clients don’t care about that anymore; grow up. The dream is dead. No one wants the path to a better, more complete life; they want money. So just do this so that I can help you succeed!

Legend

E is Education

B is Big MOOC

“financial” = education

“Radio” = MOOC

“Buy-in-large” = Any silo’ed MOOC provider

Thoughts that prompted this:

  • When you give away a product that’s of higher quality then what you make people pay for; will that reflect positively or negatively on the institution?
  • When you associate your brand with a large bucket of logos of other brands, does that not say your all the same; forcing you to focus more on brand management then educating?
  • Don’t tell me this is about education. This is about creating an industry to “Appify” and replace higher education, especially faculty (see recent articles about the 
  • Which brand are you building? The platform? The faculty member? The field? or your own?
  • How long can this all last?

These thoughts do not apply specifically to anyone or anything. I’m sure there are great MOOCs out there taught by great instructors.

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