5 min read
VSA’s Jerry Stiedaman published in WARC

VSA's Jerry Stiedaman wrote an article for WARC, “With consumers craving stability, now is the big opportunity for big brands.” Read an excerpt below.

Ongoing consumer uncertainty means that for big brands, it’s time to shine. Despite the call to disrupt and reimagine business—a call that spawned a thousand startups—the national and global turmoil of the past few years (and in the financial sector the past few months) has brought about a significant shift in consumer priorities. The result is a renewed focus on the familiar and reliable.

According to PwC’s February 2023 Global Consumer Insights Pulse Survey, 96% of those surveyed said they were planning on adopting cost-saving behaviors in 2023. The study also showed that 69% of consumers altered their nonessential spending in the previous six months. These statistics show that consumers are adopting much more careful spending habits in 2023, and brands will need to make their offerings feel truly valuable amid growing price sensitivities.

The antithesis of long-lasting value? A company with shady credentials or an unproven track record. Startups have been hit particularly hard with this brand connotation—failures have left thousands of consumers in the lurch. As one example, before its recent sale to e-commerce specialist Retention Brands, the subscription makeup service Birchbox left customers without their monthly boxes for some time. The brand posted a mea culpa on Instagram, citing “a host of unprecedented setbacks that are affecting all of you, our cherished members.” It’s no wonder that people seek safety over novelty.

The startup landscape is also getting walloped by financial factors. Rising interest rates around the world mean they are increasingly vulnerable to competition. VC funding is radically slowing after the worst Q4 since 2013. And the startup-friendly tech sector has seen more than 100,000 layoffs this year. This damage was further compounded by the sudden collapse of Silicon Valley Bank (SVB) in early March. Many startups relied on SVB for banking and payroll—in fact, 88% of Forbes’ “Next Billion-Dollar Startups” were SVB customers.

With startups hurting from financial difficulties and reputation damages, more established brands have a clear opportunity here to reposition their offerings and lean into the demand for safety and consistency with a longevity well suited to the task.

So how does the big brand take advantage of these times? Here are three thought starters:

1. Refocus and strengthen your core experience.

The last decade has seen a barrage of brands differentiating themselves with a veneer of friendly colors and unconventional marketing tactics. While that might get people in the door, it certainly won’t make them stay. By refocusing on stability and strength, you’re investing in your company’s future: Bain & Company says that “across a wide range of businesses, customers generate increasing profits each year they stay with a company. In financial services, for example, a 5% increase in customer retention produces more than a 25% increase in profit.” Put simply, existing customers spend more than new customers. Plus, their referral potential gives you a free, built-in acquisition machine.

Read more.

5 min read
Anne-Marie Rosser published in Forbes

VSA CEO Anne-Marie Rosser was recently published in Forbes magazine with her piece, “How To Accelerate Your Business During A Downturn.” Check out an excerpt below.

The outlook for business right now can feel bleak. Few financial experts can agree on what the economy will look like in even one month. Prices are rising. Customers are nervous. And with such volatile economic headwinds, pulling back and waiting out the downturn might seem like a smart defense. But if we’re honest with ourselves as business leaders, we know that pulling back now is not a defense at all. It’s simply a form of paralysis.

As counterintuitive as it seems, I believe now is the time to play offense. And that doesn’t have to mean spending more. What it does mean, though, is acting bravely and reprioritizing your spend for better effect.

Throughout my decades of experience in the agency world, I’ve gotten insight into a wide range of companies and their tactics for navigating economic volatility. Often, we’ve been working right alongside them. The following tactics are certainly not an all-inclusive list, but they are the mindsets I’ve seen work time and again.

Define Your Constraints

As I lead an agency that cut its teeth in design, I can tell you that designers appreciate constraints—and they’re not alone. Reflecting on your situation and defining the challenges you face is always the best place to start.

A macro example: Most companies have the dual challenge of needing to address both the acquisition of new clients and the retention and growth of existing clients in any given year. But this looks different based on industry and where the company is in its lifecycle, i.e., its circumstances.

Less mature companies or those that are less recession-proof might still need to drive acquisition as the primary focus. Resetting to metrics that drive acquisition in the near term can help focus on limited resources. Conversely, many companies find that retention becomes the primary focus. This move to retention might mean that the budget shifts to more high-touch activations, such as events and in-person workshops—face-to-face time with clients to deepen relationships.

Read more.

5 min read
Curt Schreiber interviewed by DesignRush

VSA Partners Chief Creative Officer Curt Schreiber recently sat down with Ricardo Esteves of DesignRush to discuss how the digital era changed advertising and branding.

Ricardo and Curt discussed the changing role of traditional branding and advertising, how to be a great desiginer, the biggest trends in advertising and branding and how AI will impact marketing.

Read the full article. Thanks to DesignRush for the feature!

Photo credit: AIGA.

5 min read
VSA Partners designs new website for VC firm Lux Capital

Lux Capital, the revolutionary venture capital firm known for its uncanny ability to identify and fund successful innovators in the science and tech space, believes in the power of brand. That’s why it’s invested in a new brand awareness campaign, including a recent website overhaul with VSA Partners.

Guided by Lux’s mission to turn “sci-fi into sci-fact,” the team at VSA Partners set out to capture the rigorous science-based focus that established the Lux brand while presenting the company as a VC powerhouse that manages a $4 billion portfolio. The new work, which includes identity assets along with a redesigned website, comes at a critical time for Lux, showcasing its evolution from investing at the earliest stages of a company to include growth and late-stage investments as well.

“We have a unique reputation among VC firms,” said Lux Capital Chief Marketing Officer Scott Rubin. “Our partners and associates don’t come from the financial world. They are all scientists and engineers, which enables us to dig in deeper and truly evaluate the viability of scientific innovation or emerging technology. With this refreshed brand identity, we’re breaking the mold for what you expect from a VC firm, but we want investors and innovators to recognize this difference. It’s who we are at our core, and VSA Partners did a phenomenal job of helping us tell that story.”

We approached the UX and content strategy for Lux Capital’s new site with the goal of telling its story by highlighting the companies it grows and the innovations it enables.”

“We’re seeing venture capital become increasingly crowded,” says John Sheehan, Partner, Client Engagement at VSA San Francisco. “Lux Capital’s commitment to expressing their brand is a valuable, differentiating asset that other VCs are simply leaving on the table.”

The redesigned website allows visitors to take a journey through both the firm’s mission and portfolio, showcasing how Lux Capital is every bit as innovative as the startups and established companies in which it invests.

VSA Creative Director Michael Trovela notes, “We approached the UX and content strategy for Lux Capital’s new site with the goal of telling its story by highlighting the companies it grows and the innovations it enables. That direction led to us a site design that emphasizes the interconnectedness between people, companies and ideas. It’s a visual blending of these elements that showcases how the success of Lux Capital’s approach is its own interconnected innovation.”

“We’ve been helping companies realize their brand purpose and lift themselves above the competition for a long time, but this is some of the most rewarding work we’ve ever done,” says Sheehan. “Lux Capital is a firm that’s truly committed to making the world a better place. From biotech startups working on methods for restoring eyesight to firms involved in making workplaces safer through new robotics, they’re consistently at the forefront of science and innovation. The chance to delve into this background and to help them establish the next chapter of their evolution was truly an honor.”

5 min read
Curt Schreiber appointed juror for 2023 REGGIE Awards by the Association of National Advertisers

VSA Chief Creative Officer Curt Schreiber joins a select group of agency and industry experts who will choose the winners of this year’s REGGIE Awards. For 40 years, these awards have been a highly anticipated annual showcase from the Association of National Advertisers (ANA), the U.S. advertising industry’s oldest and largest trade association. The awards recognize campaigns that combine strategy, originality, execution, results and business objectives. Last year’s best-of-show award was taken home by Mischief @ No Fixed Address for its work on the beauty brand eos.

“It’s always fun to see and reward great creative work that builds true business value,” Curt said. “My experience with the REGGIE Awards will be all that much richer because the criteria so closely mirror VSA’s ethos of combining strategy, design and measurement.”

REGGIE Award categories span experiential, digital/social media, sponsorship, influencer, brand purpose, content, B2B and age-specific campaigns. Gold, silver and bronze winners are selected in addition to the best-of-show Super REGGIE, which is drawn from the gold winners. All winners will be revealed at the REGGIE Awards Gala on April 27, 2023, at the ANA Brand Masters Conference in Bonita Springs, Florida.

VSA celebrated its 40th anniversary in November 2022. Longtime clients include Google, Nike and IBM, and VSA has offices in Chicago, New York and San Francisco. VSA belongs to the international family of unified and independent agencies led by Meet The People.

5 min read
VSA Partners wins Anthem Award

We are honored to share that the work for “Until Justice Just Is” received a Bronze Award in this year’s Anthem Awards. The Anthem Awards, founded by The Webby Awards, celebrate purpose- and mission-driven work from people, companies and organizations worldwide.

VSA developed “Until Justice Just Is” in collaboration with the YWCA, a group famous for its advocacy and support for women. But the organization has also stood on the front lines of eliminating racism for well over a century, and during the Black Lives Matter protests of 2020, it wanted a way to invite people to join its mission—and empower them to make a real, measurable impact. The site gives individuals and companies a place to publicly pledge their support for antiracist efforts, access tools and resources to use in their own communities, and join the YWCA’s Racial Justice League, where they can share best practices and hold each other accountable for change.

View the case study.

Congratulations to the current VSAers who contributed to this work: Kim Mickenberg, Avery Gross, Jess Sochol, Susan Pfeifer, Emily Gorski, Bryan Haney, Sam Stalling and Amy Bretz.

And to the rest of the team: Chrystine Witherspoon, Elle Abarca, Evan Thompson, Melanie Trombley, Tré Seals at Vocal Type, Darrell Booker, Daniel Delgado, Ben Strang at Sarofsky and post-production audio house Another Country.