They say that money makes
the world go round. This is definitely true when it comes to the
online marketplace. And it seems that the lack of money can also
cause a few major retailers to make personal changes to fix a major
mistake by one of their providers – Symantec.
Am I the only one who
finds it ironic that several online companies are making the personal
decision to display the VeriSign Checkmark back on their websites? In
case you have been hiding under a bus for the past few months, back
in April of 2012 Symantec (the people who own Norton and VeriSign
Online Security programs) made the bone head decision to replace
their best product’s trusted brand (VERISIGN’s Checkmark) with
their own brand (Norton’s Secured Seal) in an attempt to increase
brand awareness for the Norton brand.
This was like putting a
Kia logo on a Ferrari. And it showcased why computer tech dudes have
no business being in marketing or branding.
The funny thing is that
Symantec was completely nose-deaf to the concerns of the computer
users across the globe; people they literally dumped on overnight
with this decision. Here is how this occurred.
When Symantec decided to
replace the highly trustworthy VeriSign Checkmark with the cheap
Norton Secured Seal it sent a message of mistrust to the internet
shopping community. People make decisions to shop online on websites
based on the reliability and trust displayed by the quality security
certificate they see. In this case, most internet shoppers choose
VeriSign as the most reliable certificate in the market.
So why would Symantec
replace a highly trustworthy brand with a polished turd like Norton?
Honestly – I have no
logical answer to give you. However, the retailers have spoken and
they state emphatically that they don’t believe in Symantec’s
branding decision and have partnered with another company to provide
that VeriSign secured seal on their websites. Who made this decision
you ask. Oh just a few online giants like - Best Buy, eBay, PayPal,
Staples, Overstock, and Wal-Mart. Companies who rely on the online
marketplace to make more profit have insisted on having the VeriSign
Brand displayed for their customers.
But here is the best part
of this change. Do you know which Secured Seal they ALL had on their
websites from April of 2012 till August of this year? Yup –
Norton’s Secured Seal. How did it impact their business? Online
sales dropped 15% from April to July across the board. It wasn’t
the struggling economy since in-store sales YTD compared to last year
actually increased a little bit. It was due to Symantec’s decision
to replace the VeriSign in the first place. This chased away loyal
customers who thought the retailers made a poor decision to switch to
Norton.
Remember folks – most
computer users couldn’t tell you who owns Norton or VeriSign. But
they can tell the difference between a good product like VeriSign and
a piece of junk like Norton. Apparently the retailers can tell the
difference too huh?
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