Jim Boulton, partner of Story Marketing branded content agency, shares his feedback on the L2 Digital IQ Luxury Report by iCrossing, suggesting that paid search engine marketing might produce short-term flattering statistics, but should not be used as a long term brand resonance building tool.
DIGITAL
Paid Search Engine Marketing Won’t Buy Luxury Brands Love
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Credit: This is the featured image credit
Over the last decade, collaborations between luxury brands and contemporary artists have gone beyond mere artistic partnerships towards a new kind of luxury branding.
PARIS – Art and fashion have always developed side by side, for fashion, like art, often gives visual expression to the cultural zeitgeist. During the 1920s, Salvador Dalí created dresses for Coco Chanel and Elsa Schiapparelli. In the 1930s, Ferragamo’s shoes commissioned designs for advertisements from Futurist painter Lucio Venna, while Gianni Versace commissioned works from artists such as Alighiero Boetti and Roy Lichtenstein for the launch of his collections. Yves Saint Laurent’s vast art collection, recently auctioned at Christie’s in Paris, testified to his great love of art and revealed the influence of a variety of artists on his own designs.
In the 1980s, relationships between luxury brands and artists were advanced when Alain Dominique Perrin created the Fondation Cartier. In the Fondation Cartier pour l’Art Contemporain, a book marking the foundation’s 20th anniversary, Perrin says he makes “a connection between all the different sorts of arts, and luxury goods are a kind of art. Luxury goods are handicrafts of art, applied art.”
The Fondation Cartier pour l’Art Contemparain building in Paris
Jim Boulton, partner of Story Marketing branded content agency, shares his feedback on the L2 Digital IQ Luxury Report by iCrossing, suggesting that paid search engine marketing might produce short-term flattering statistics, but should not be used as a long term brand resonance building tool.
Jim Boulton, partner of Story Worldwide branded content agency, shares his feedback on the L2 Digital IQ Luxury Report by iCrossing, suggesting that paid search engine marketing might produce short-term flattering statistics, but should not be used as a long term brand resonance building tool.
Members of this community will no doubt be interested in the L2 Digital IQ Luxury Report by iCrossing, which gives a fascinating breakdown of the online achievements of 72 luxury brands, many of which are represented in this community. Simplifying massively, the main thrust of the report is that luxury brands need to embrace four main competencies – ecommerce, social sharing, mobile and search marketing.
Whilst I would agree with the first three of these, the emphasis on search engine marketing rather than natural search is misplaced for luxury brands. Yes, paid search is an effective marketing technique, in that it’s fast to implement and can quickly demonstrate ROI. However, being the online equivalent of a “chugger” it’s hardly befitting of a luxury brand. And even if you accept the negative brand effect, on the basis of an upturn in sales, the benefits of paid search only last as long as the investment. This is a short-term view, one that is never effective for heritage brands. If you are using your budget to fund paid search and neglecting the quality of the content that lies beneath, then as soon as you stop paying, visitor numbers will plummet.
“ the benefits of paid search only last as long as the investment ”
By providing regularly updated, high-quality editorial content without an expectation of an immediate return, brands not only improve natural search ranking but give visitors a reason to come back. And repeat visitors are gold dust. It’s rare that first time visitors make a purchase, and if they do, they are often one-off purchases. By providing regularly updated content, a brand increases the number of re-visits and also increases dwell time, which in turn improves conversion. So regularly updated content means improved search results, more links, more visitors, more customers and the incremental cost diminishing to almost zero.
Not only that, but great content will spread organically across social media sites, which means even more links – benefits that are not included in the pay-per-click model. By generously creating branded content that consumers actually want to engage with, and by making this content two-way and part of a joined up marketing narrative, transactions are turned into relationships and remarkable levels of loyalty and advocacy result.
For long-term online success, it is essential to invest in key word rich editorial content. Brands that respect their customers’ time, respect their investment in their brand and reward them accordingly with relevant, informative content, engender customer loyalty that very quickly turns into sales. An initial investment in editorial will pay for itself many times over for years to come.
This article has been published courtesy of Story Worldwide where it first appeared here under the headline, ‘The Power Struggle Between Natural & Paid Search.
Partner
I’m a partner at brand communications company Story Worldwide. We create magazine programmes, websites, social media, online tools, films and pretty much any other form of branded content. Clients past and present include Agent Provocateur, Bang & Olufsen, Crème de la Mer, De Beers, Estée Lauder, Fabergé, Jo Malone, Lexus, Links of London, Lulu Guinness & Value Retail. I run the Digital Marketing Masterclass for the Chartered Institute of Marketing and I curate an event called Digital Archaeology as part of Internet Week.
