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adding value

Looking back over our f**k-ups of 2019 - what a year..

Looking back over our f**k-ups of 2019 - what a year..

Why is it when we get to the the holiday season, most companies only talk about the things that have gone well that year? The road to your success is paved in mistakes and failure, so in spite of some amazing things that have happened, this article wants to do something more real and raw, focusing on our 4 biggest f*ck ups of the year and what we’ve learnt from them.

Our hope? Whether you’re a brand marketer or agency partner, the below will encourage you to share your own failures from this year. It’s these things that have ultimately got us all to where we are today.

Learn to say no by coming back to your mission


2019 has been challenging for many reasons and I am not shamed to admit, we have had some real tough moments this year. When times are tough, it becomes difficult to say no to things you would usually ignore. But the trouble with this more reactive attitude is if were to fast forward 5 years, you may end up with a company that differs from the vision you had when you started it.

Of course any brand journey requires some level of flexibility, but if like us you believe in brand purpose it’s critical to recognise when you’re slipping down this road. That’s why we’ve spent a lot of time recently checking back in with our values to ensure they are at the core of all the decisions we make, from the customers we work with, the team we hire, to the value we provide people beyond our services. We even have our own criteria checklist for jobs that come in, to act as a guide so that if times get tough again we are consciously making a decision, not just doing so because we feel we need to.

Make sure stakeholders feel a part of your project, not just people who green light it.


There have been a couple of projects this year with really drastic last minute requests. On reflection, it’s been because of a combination of being rushed into delivering a project for tight deadlines or because certain stakeholders were not informed about the creative route we had agreed to, until they actually saw the end product.

Drastic last minute changes can be painful for all involved- for the client it can lead to lengthy delays on delivery times, additional fees or worse. If the changes are impossible to make, then you’re in dangerous waters of producing an under-par campaign or even canning the whole project. And for your agency partner this situation is also really tough: agencies always want clients to be thrilled with their work, but there’s only so much one can do once everything has been filmed.

There’s nothing worse than thinking “if only we knew this in the briefing stage”. So ultimately we’ve learnt it’s absolutely critical to ensure all stakeholders have not just signed off on ideas but are actively involved too...

When agreeing on responsibilities, ensure people really understand the tasks they’re taking on

The nice thing about working so collaboratively with clients is a shared sense of responsibility when it comes to getting a project done, none more-so than when budgets are tight and we are all looking for ways to make savings. Often a way to do this is for clients to take up the mantle of organising talent, finding locations or even supplying props and wardrobe on the day.

Most of the time this strategy has worked to aplomb, but sometimes clients haven’t quite understood the resource required to carry out the work they’ve taken on. A good example of this is when we are looking for user generated content as part of the narrative. It’s really important to factor in the necessary time to source this internally because it usually takes longer than you expect to get customers (or even staff) to do things for you.

So, have an honest and frank chat with your agency partners about what’s entailed in the work you’re committing to before doing it, work out what gives you the best chance of completing it without delay and sometimes if the conclusion is actually you don’t have the resource to do so, paying that little bit more goes a long way.

Try to speak the language of the person you’re talking to…particularly with email!

I sent an email earlier this year to a client of ours. It was sent with positive intentions, was tapping into a subject we thought we could help with and was framed as an opportunity that we thought could be really exciting. Yet it was only after we received their response- highlighting the negative impact it could have on them personally- that we realised we’d f*cked up an otherwise great idea.

The reality is, if we’d really considered the language we used, we’d be looking at a very different outcome. The matter was resolved swiftly, but naturally the opportunity was dead. To say we learnt a lot from that experience is an understatement. In emails, your tone can be misinterpreted, there is no context behind the words you are writing and once you’ve sent an email, it can’t be unsent…So whether it’s to a client, a supplier, colleague or boss, you should never send an important email without putting yourself in the shoes of the person receiving it. And better yet, maybe just have a call or meeting if it’s that important!

Thank you to everyone whose allowed us to fail emphatically this year. It’s allowed us to grow as content creators and human beings. As we look forward to 2020, I’m sure there will be even more lessons to learn. 

p.s. please feel free to share your biggest mistakes of 2019!

The 6 steps you need to follow to create a killer crowdfunding video

The 6 steps you need to follow to create a killer crowdfunding video

Like many start-ups raising investment through crowdfunding, fintech brand Chip knew their investment video was crucial. With only 2 weeks till the raise, they were worried the traditional ‘talking head’ interview with their founder they had produced just didn’t do their mission justice. They needed help…and fast!

Enter Mattr Media, who helped create one of the fastest ever campaigns to reach £1m (eventually raising over £3.5m+ with a 380% oversubscription rate) and a video shortlisted for Crowdcube’s Video and Campaign of the Year.

So, how did we do it? And how do we continue to achieve record-breaking results for our other crowdfunding clients? Well, the below are 6 key steps we take with all our crowdfunding projects…


RULE 1: DO NOT UNDERESTIMATE THE IMPORTANCE OF YOUR VIDEO

Unlike pitching to traditional investors, you aren’t going to necessarily meet crowdfunding investors face to face and they aren’t just looking for a 10x return.

Dan Hardy, Head of Business Development at Crowdcube, summed up perfectly why that means your video is so important: “video is the dominant media format online and since Crowdcube is primarily an online investment platform... (so) your pitch video is the best chance you have for investors to learn about you and your business…

So doing one and doing it well is crucial.

RULE 2: TELL A STORY

So how do you do that? Well, don’t forget on crowdfunding platforms, most of the people watching your film are not as financially savvy as traditional investors. So whilst top-level metrics are important, it’s just as crucial to answer deeper introspective questions that your audience will connect with. Things like “why did we start this in the first place? What’s the problem we’re trying to solve? How can we show we’re a big deal (PR/Awards/Team etc.)? What does the future hold?”

It’s also important to not get lost in explaining the “features” of your product. As Hardy explains, “the objective here is to get people to invest in your business, not to buy your product. That's a big difference… You need to strike the right balance.”

Overall, keep the message simple and save the detail for additional supportive content.

RULE 3: BE DISTINCTIVE 

Depending on how much time you’ve spent defining your brand tone of voice, this will make life easier or more challenging for you. But if you haven’t the foggiest, this is where a creative partner like us can help.

In order to make this video feel distinctly “you”, it’s helpful to consider questions like-

  • If we were a brand from a different sector, which would we choose to be?

  • If we had 3 words to describe how we want people to feel after watching this, what should they be?

  • If we had 3 words to describe our product, what would they be?

  • If we imagined our brand as a celebrity, who would they be? And why?

It’s exactly these kinds of questions that led us to creating such a fun and quirky fundraiser for Chip.

RULE 4: PUT YOUR AUDIENCE FIRST

The rise in popularity of crowdfunding has been born out of a desire for consumers to feel more connected with the brands they buy from. And that’s why so many successful crowdfunding campaigns are community focused - just look at Monzo and their amazing £20m crowdfund, or Brewdog and their 2000% overfund to total £10m. 

Alex Latham, Chip’s CMO says “It’s really imperative that our staff and customers feel a part of our mission, particularly for crowdfunding. There was no better way of doing this than when Mattr recommended we champion these guys in our films. I would say a lot of our Crowdcube success has been because of this attitude.

You should not underestimate the value of people being your advocates, helping spread the word for you and hopefully investing too.

RULE 5: CREATE VALUE BEYOND THE HERO FILM

For some investors, watching your main film may not be enough to sway them to part with their money. So think about what content you can create to support their final decision. 

Supportive “product explainer” films are great for the nitty-gritty you haven’t spoken about in the main film and of course, there’s the pitch deck for the financials. However, if budget can stretch, we also encourage films about the staff.

It surprises us that not too many companies create update films on how the raise is going  after the campaign goes live, a useful tool to stay top of mind.

RULE 6: CHOOSE THE RIGHT PARTNER

Most video agencies have fixed “packages” (as do we) for crowdfunding campaigns and many of us have proven experience, so how do you choose the right partner?

A big component of that will be whether you believe your chosen agency is not just doing this to get paid, but ultimately because they believe in your business.

You can gage part of this from initial conversations and the value they provide. But whether they “walk the walk” is tough. That’s why at Mattr we developed two further offerings to the standard package, which aligns us even further to you in your quest for a successful raise:

  1. A part fixed fee part success fee package 

  2. A pure success fee package (i.e. absolutely no up front fee to do so)

Finally…

You’re at an exciting stage in your company’s journey, but we know your video will be a crucial piece in the success of your campaign. If you’re interested in learning more, do contact Chief Shmoozer Josh at josh@mattr.media