Posts Tagged ‘sydney’

JUN 18

Banks are useless at integrating their branding

Posted in Brand, Integrated Marketing

Yeah I know I’ve been slack on the blog, but I’m going to get back into it by making a bold statement that is admittedly out of my league. I’m also going to tell the story the long way, for the real juicy part – click here.

As I’ve recently moved to Sydney – I had the joy of setting up a new bank account. I did my research and weighed up pricing and features to see pretty much the same product. I got sold on the brand. NAB painted me a pretty picture of themselves, using bright colours and smiley face rainbows – they had me falling in love. Being new to the country, I hadn’t been exposed to the old “National Australia Bank” brand which is still used in ads along the train line to the airport for some terrible reason. If they still had this logo, I wouldn’t have lusted after them.

They’ve done a great job of making their brand appealing, but as soon as I had to deal with them, I was disappointed. Happy go lucky turned into old time processes that got in the way of pleasing me. I won’t go into the details – but it’s been two weeks and I still don’t have an EFTPOS card and wasn’t allowed to take cash out of the account for the first few days.

So here’s the obvious point: why did they rebrand to appeal to someone like me when they probably know that they can’t live up to that promise? 

Sure they need their processes to make the business operate, but making it seem like I’m going to enjoy it being their customer just makes them look worse and accentuates the pitfalls.

I previously dealt with a client who threw around the strap line ‘Making life easier’ like there was no tomorrow. The thing was, they didn’t make life easier at all. Their old way of thinking and processes made it bloody difficult for their customers. This company needs applauding though – their marketing team had the balls to strip the tag line from the brand because they couldn’t live up to it.

Marketers get too carried away with the warm and fuzzy. There was a time (or so I’m told) where consumers would buy whatever was advertised. Marketers had the power, now consumers have the power. We can see through the fuzzy. This is why it’s most important to get the product and service right, first and foremost.

If Yahoo! advertised and got warm and fuzzy on you, would it take you away from Google?