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  • Butterly Yours Blog What Businesses Value More Than Money Today

    What Businesses Value More Than Money Today



    The article was written by our guest writer.

    You can read it here

    Did I just say that businesses value something more than money?

    How is that even possible? Aren’t businesses all about making money (and maybe solving an unsolved problem in the process)?

    Let me illustrate- In the image above, did you look at the billboard that starts with SEX!! Or did you pay more attention to the dollar bills? In fact, did you even notice that they are 50 dollar bills?

    You see.

    Ads ads everywhere

    Because of hyper-consumerism, today we have so many options in everything from the kinds of fish available in the supermarket to the seemingly endless choices in electronics and gadgets. Leaving us totally clueless about what to buy. But this makes situations even worse for business owners and especially marketers in cut-throat competition. Leaving them with no options but to bombard as many ads at us as they can manage within their budgets.

    Trying to play the game ‘I can shout louder and for longer’. In fact one study in 2014suggested that an average adult spent almost 10 hours a day consuming media and being exposed to 362 ads from TV, radio, Internet, newspapers and magazines alone. That’s 18 times of an average adult smiles per day (only if all the ads made us smile we’d be so much happier). The sheer volume at which we are being marketed to has even inspired the creation of movies like ‘The greatest movie ever sold’.

    Where do so many ads leave us as normal human beings?

    Do whatever, I don’t care

    We can not possibly register let alone remember 360 ads per day with new ones popping at us every single day. Now that you know that you were hit by 360 ads yesterday how many can you remember? Turns out our brain has a very efficient shortcut to deal with ads, it’s called ‘ignorance’.

    We know what ads are usually like and so when we come across one we go, “Switched off mode, am I here for ads? Hell no.” And that makes your job as a marketer ‘painful’ because now you have to make sure that along with conveying your marketing message your ad is interesting enough for people to actually notice it.

    Do marketers know how to make you care?

    There has to be a solution right? How else would businesses survive?

    Turns out there is, and it’s pretty simple, to put the ads in a way or at places that people don’t expect ads.

    But, why and how would that work?

    Simple, from the past experiences we know the pattern of places and ways that companies advertise to us, The glossy image on the billboard, the hoarding, the commercial breaks.

    Therefore we know it’s an ad, even before we actually look at the billboard. So we turn a blind eye to it. Because billboards are always filled with ads and no one wants ads. But what if you zoomed across the billboard in the cover image of this article? This does not seem like an ad, what kind of billboard is that? You decide to actually consciously look at it, and heck it’s an ad.

    But you actually looked at it. Voila! The marketer has won.

    How my spare tire cover won us the battle for attention

    At ButterlyYours we launched our first product at The Bhasad Day Planner on crowdfunding platform with an aim of raising funds for the production of a meagre 300 units.

    The product, what we were trying to sell.

    It’s a useful Day Planner with the 4 quadrants of Stephen R.Covey. But the way each quadrant is titled with a funny and popular slang that makes it a gem(especially for the north Indians).

    Here’s how it looks

    cool diary

    And honestly it’s nothing like anything else out there because no one really thought that slangs on a day planner (something that civilised professionals use) would work, but we thought, planning is boring so if we can make it funny, maybe people will buy it.

    But the pad wasn’t selling on its own even though people liked it so we took feedback and improvised further to create customizable, premium quality faux; the leather casing in multiple colours for the writing pad.

    And now with the premium quality of the casing in 4 colours, customisation the slangs and the 4 quadrants combined together was definitely scalable, in fact, any youngster or middle-aged professional who saw it asked, how much are you selling this for? Well, we are not. Not yet. It’s on crowdfunding though.

    The Challenge- creating enough buzz

    But we weren’t gonna find 300 people to buy it in our circles so we started marketing, tried Facebook ads, Google ads even a billboard but nothing seemed to generate any buzz even after spending so much money. Even though The Bhasad Planner starts spinning it’s magic after people actually see it, But the biggest challenge for us was to get people to stop and look at it for 5 seconds and actually try to understand what it is. And after 9 days of frustration, we came up with this idea.

    The Solution

    creative ads
    That’s the planner on the Stepney of my car.
    And by spending just 40 bucks (INR) for the poster 6 or 7 people have already stopped me to ask about it in the last 2 days.

    Conclusion

    The point is if people know it’s an ad, no matter how interesting it is, they don’t care, but if it’s something interesting and they don’t know it’s an ad, they will pay attention and Voila YOU WIN!!

    So to answer my question in this article-

    What businesses value more than revenue today is: “Attention of their audience.”

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