Capitalism and Marketing

Capitalism frees the human spirit to achieve, allows individuals to directly benefit from their own hard work and enables entire societies to self-regulate themselves and protect themselves from an oppressive or autocratic ruling class.

Capitalism upholds the right to private property and believes that individuals should be free to decide where to invest and what to produce or sell and what prices to charge with only minimal limitations. As marketers we understand that this also means that our customers get to choose how and where to spend their money, giving them the freedom to spend elsewhere whenever they want.

There is a growing movement throughout the world and in my country (the U.S.A.) to try to demonize the capitalistic, free-market system. Detractors point to greed and exploitation of resources--both natural and human resources--as the underlying fault of capitalism.

People who rail against free market capitalism often point to the relatively rare but high profile cases of excessive corporate greed and malfeasance as evidence that the whole economic system is a dismal failure. They propagandize about inefficient utilization of resources to demonstrate that capitalism is evil. They talk of unfair profits and price gouging.

The truth is that these practices of corporate greed and malfeasance simply cannot be maintained in a system of true economic individualism or capitalism.

The capitalistic, free market system is solely responsible for some of the greatest advances that mankind has ever known and has seen my nation grow from birth to lone superpower in the world in little more than 230 years, a mere blip in terms of world history.

The capitalistic, free-market system has proven time and time again that not only does it encourage people and entire societies to reach unparalleled levels of prosperity, but that it can also topple tyranny and protect against widespread corruption. Capitalism allows people to prosper and reach levels of success limited only by their dreams and imaginations.

The free market system drives people to achieve their highest potential and encourages them to be fair and ethical. If they are not, a competitor will seize the opportunity to compete for that share of the market because there will always be a competitor with a better cost structure, cheaper selling price or better business practices that consumers view more favorably.

Put in simple marketing terms, we consumers choose to do business with those brands and companies that we like and trust. We choose to reward brands that deliver value to us and that behave in ways that we see as acceptable. We don't reward companies and brands that don't measure up.

Unlike most other economic systems, there is no room for excessive greed, long-term price gouging and exploitation in capitalism. The system is self-correcting.

To be sure, there is a dark side to the human psyche and some managers succumb to the temptation to cheat, exploit or otherwise take unethical short-cuts in order to gain fame, money and profits.

Instances of managers behaving in such a manner underscore the weaknesses and frailties in people, not the economic system in which they operate.

The free-market system is actually the cure for unethical business behavior as capitalism will not tolerate such behavior in the long-run.

Consider the following:

If a company is operating in an unethical manner in the marketplace, consumers will flee from that company as soon as there is a better option. Consumers also understand that sometimes not purchasing anything at all is the best option.

The free market system encourages entrepreneurs and business managers to develop better alternatives as soon as they see an opportunity to compete for any given market.

Capitalism encourages seeking and creating the cure for corporate greed and malfeasance.

What does all this have to do with your marketing function?

Everything.

If you as a marketer do not believe that a high sense of moral responsibility and ethical behavior is absolutely critical to your long-term success then you are in trouble.

If you as a marketer do not believe that customers will flee from your company and your brands as soon as there is a better alternative then you are in trouble.

If you as a marketer do not believe that earning the highest profit the market will allow is the fuel that drives innovation, and that profit is the foundation that allows you to constantly deliver increasing value to your customers and that it supports a higher standard of living for all concerned then you are in trouble.

If you as a marketer do not believe that the best way for you and your company to do any lasting good in this world is to first earn enough profit to stay in business then you are in trouble.

You and the head of your marketing department must understand capitalism and fully embrace its tenants and accept the awesome responsibilities that go with it. Once you do, your business will have a mindset that will allow it to soar to unprecedented levels of success.

Build your business brands to prosper in a free market environment and you will be focused on enduring business success based on offering your customers superior, unique value that is continually enriching to both you and your customers.

# # #

This article is an adaptation from the free report, "5 Secret Marketing Tactics That Will Increase Your Revenue." Dave is also author of the e-book, "How to Build and Manage Your Brand (in sickness and in health)."

Is Direct Marketing Relevant Anymore?

http://connectdirect.wordpress.com/2009/04/21/is-direct-marketing-relevant-anymore/

Top 20 Social Media Sites

According to Hitwise:

The first rule of business and marketing

I have to chuckle as I read and hear a variety of marketers talking about how to market during a recession. Invest more money into your marketing, cut back your marketing, leverage social media, don't jump into social media as a panacea, etc., etc.

It all reminds me of my first rule of business: For every opinion there is an equal and opposite opinion.

I'm sick of bailouts

Has everyone lost their minds?

The #1 rule of marketing (and business) is that you must create value for somebody else. Not only create value, but create value such that others are willing to pay you for your offering because it is more valuable to them than the dollar amount of the price you are asking is to them.

For those who are not creating value that people are willing to pay for, the remedy of the market is for you to evolve, adapt or go away on your own terms. The worst thing that can happen is for somebody to come along and bail you out and give you false hope.

If you are not creating value for others such that they are willing to pay for it enough to keep you in business, then your demise is ensured and actually the best thing that can happen for all of us. Otherwise we are simply subsidizing products and services that we don't want enough to pay for--we're just doing it through higher taxes which is always less efficient than paying directly. If you don't want what I offer today at my price, why would you want the same thing tomorrow after a government markup?

I like you and all, but if I like what you offer I'll buy it directly, thank you very much. I don't want government bailouts that fool you into thinking I want what you are selling enough to pay for it. The latter is unfair to both of us, is just delaying your inevitable demise and simply enriching politicians who seek more power over you and me both.

Focus on your value proposition and we will all be OK.

Marketers adjusting plans due to recession

A new Dihedral Group (TDG) survey conducted on behalf of Aquent and the American Marketing Association shows that the current recession is fundamentally different from previous ones and reveals ways that marketers are finding pragmatic solutions to deal with the current environment in which they find themselves.

One of the main ways this recession is different from previous ones is the near ubiquitous presence of digital forms of communication due primarily to the widespread use and near total acceptance of the Internet as a valuable business communications channel when compared to previous recessions.

The study finds a few things that marketers may or may not find surprising such as:

40% of all participants in the survey are in a hiring freeze and 45% cited that year-over-year revenue has declined

Companies are relying more on their agencies to do more with less and companies are choosing to use outside marketing consultants rather than hire, train and retain in-house talent

More and more marketers are trying to better leverage social media in 2009

In general, marketing managers are looking to expand and grow their efforts in digital marketing and online initiatives as a cost savings measure rather than conduct traditional marketing events such as trade exhibits

Hiring managers are looking for marketers with specific skill sets rather than industry experience

In the study more than 68% of marketers indicated that their marketing initiatives have changed due to the current recession while almost half reported significant or very significant changes in their short-term plans. Many marketers did, thankfully, express their concern for long-term branding strategies and are being careful not to undermine them in exchange for short-term revenue capture.

Maybe professional marketers are indeed capable of learning from the past.

Here's a link to the study

Making sense of social media marketing

Don't bother reading any books on this topic, just watch this 10 minute video from Perry Belcher. This is, perhaps, the most concise and easy-to-understand explanation of social media marketing that I've seen.

15 Tips For Better Marketing That Will Revitalize Your Business

By Andrew Ballenthin

After reviewing over 200 business responses to Groups on LinkedIn we picked 15 of the strongest themes and boiled them down to the bare bones of inspiration that with some daring and leadership can change your business's future. Regardless of competition, the economy, your customers or your financial position it is possible to reinvent or reshape your business.

1. Think Extra Gigantic - Instead of watching the numbers shrink or scraggily signal digit growth ask, "How can I reach 10x more customer than before?" There are customers out there but they may be further away. If you market to a city, talk to 10 cities, if you promote to a province/state talk to the country, if you talk to a country go global. Response rates are a percentage game, change the odds.

2. Rip Up The Marketing/Business Plan - What your business model was 6 and 18 months ago may not be right for the next 18 months. If you are successful, rip it up anyways, there are gigantic changes going on in social, economic and industry structures. If you are struggling, step outside the box and ask who's doing better then you and find a way to imitate and do what they do even better.

3. Find Your Suppliers Hidden Ace - Ask them how they can pull out all the stops to help your growth. It may be credit terms, price reductions, exclusivity on a new product line, or co-op advertising dollars. They probably have an ace up their sleeve you haven't capitalized on yet.

4. Ruthlessly Look For What Customers Want - Your customer's know what they want and what will motivate them to take action. Interview one-on-one, hold group discussions, survey, throw a social, run a contest. Your next biggest successes are in your customer's needs not met yet. Don't stop searching until you get a powerful breakthrough. If you can't find it you're not looking hard enough.

5. Demand to Know Why Prospects Aren't Buying - Within this simple and obvious search an astounding revelation will emerge about what they are looking to buy and from who if not with you. Do not stop until the pattern emerges. When it shows up find a way to give them what they want know matter what you have to do.

6. Mimic Another Industry - A lot of companies get stuck in, "but that's what our industry does". A close study of an industry that is healthy will reveal different ways to market, brand, sell products/services, manage financials, handle inventory, etc. Or look at a very successful business similar to yours in another country and bring those ideas back home.

7. Create Mega Contact Databases - With so many advertising budget cuts there are a lot of businesses that compliment what you sell and will be open to co-promoting to your database in return for you talking to there's. With 3 or more companies working together your reach expands exponentially.

8. Throw Out Everything You Know About Traditional Advertising - A number of major media channels are seeing up to a 40% drop in ad spend and yet customers are still buying. Fearlessly consider any media you may have overlooked. Online spending of every type is steadily increasing. Don't let your competition gain dominance that you can't afford to compete with later.

9. Create A Ruckus People Will Talk About - Break out of what was safe advertising before, chances are you are nearly invisible by doing what you did 18 months ago. A huge amount of business is circulating by word of mouth. Swallow the fear and try something dramatic so people talk.

10. Mercilessly Rip Apart Your Product/Services - Part of what is stopping your success is lethargic lines. If your customers are happily buying or occasionally buying, get rid of those services. Do whatever you have to do find out what your customer's are demanding and watch sales take off.

11. Learn How To Do Right Brain Marketing - This is a new term we've coined to help all the traditional marketers look at the world differently. An undeniable social trend is emerging for mass micro marketing where customers want real time transparent, human, non-selling relationships. This online relationship defies the old rules but pays off by gaining interactive brand loyalty.

12. Become Crazily Visible - As competition cuts back on advertising spend customers hold off on spending as everyone says "these are bad times". Don't pay attention. Find every way to be visible more often, in more places, with more interesting things to follow than anyone in your industry. If budgets are tight there spectacular ways to go online and get exposure to millions of customers without spending a penny in cash, but it will get spent in time building a "cashfree" visibility.

13. Do A Shiny Brand Makeover - It's possible your customer's don't see you because they literally don't see you. As your customers revaluate who they want to buy from they may have crossed you off the list. But... if you simply repackage with a bright new shiny look (appropriate to your market) you may change their perception of who you are and give you another chance.

14. Get A PHD in Basics - A spectacular number of businesses are going back to good old selling relationships, retraining, CRM (customer relationship management), financials, cost management, etc. Guess what - they're actually kicking but and making money with really simple ideas.

15. Give Bad News the Boot - Ever notice that when you want to see a silver car it suddenly seems like everyone is driving one? We are our own worst enemy at seeing with the wrong perspective. Ask yourself repeatedly "where are the big wins?" Ask everyone around you; ask staff, customers, and other companies. Literally within days a totally different picture will start emerging.

Article by Andrew Ballenthin, President of Sol Solutions. When you need to stand apart from your competition talk to Sol Solutions for your competitive branding, advertising and marketing strategies. For more information go to our blog http://www.communitymarketing.typepad.com or follow us on Twitter at http://www.twitter.com/solsolutions.

My passion has been driven by the enjoyment of blending creative with need for practical application and results orientation. Having worked with international corporations, national businesses and entrepreneurs it's easy to switch hats and scale for the vision and budget of the organization.

Article Source: http://EzineArticles.com/?expert=Andrew_Ballenthin http://EzineArticles.com/?15-Tips-For-Better-Marketing-That-Will-Revitalize-Your-Business&id=2070038

Pepsi's new look: Take II

OK, not to pick on Pepsi over their new logo design and how it was developed, but from where I sit the whole carbonated soft drink category seems crowded and confusing. Vanilla, cherry, diet, diet with no calories but with Ginseng, caffeine-free diet, zero...just what does it all mean and is it even offered by Pepsi and Coke anymore?

I believe there have been so many extensions of the Pepsi and Coke lines that it is very difficult for the consumer to know the differences and consumers become confused. When that confusion sets in for such low-involvement products, many times the consumer will just give up and either buy nothing at all, pick something that is known to be "good enough" or simply switch to a different category that is less confusing.

I recently went looking for Diet Pepsi Max at the grocery store and the picture above illustrates what I was looking for and what I found. Are these the same product? It just wasn't clear to me. When even the same product creates confusion in its packaging, loyal customers will simply give up on the product or just not care anymore. This defeats the whole branding effort. The more the branding is diluted and the more confusing the products become the fewer differences we see between Pepsi and Coke.

Did Pepsi misstep in switching to a new logo?

I don't know and the market will ultimately be the judge, but it seems to me that during these tough economic times that brands ought to be reassuring their customers that they are tried and true, familiar and the safe, trusted choice. I question the timing of Pepsi rolling out a new look more than anything else. It seems they created confusion at a time when simplicity is called for. As for the new logo itself, people will either love it or hate it and eventually just not really care anymore because it will fade into the noise of the category.

I give Pepsico credit, though. A recent Brandweek article tells the story of how Pepsi "invertised" to their organization prior to the roll-out of the new look. They made the right steps to make sure their messaging was grasped and embraced by their employees first prior to launching to the market.

We can learn an important lesson from this. If your organization does not understand what it is for which your brand stands then there is no chance that it will effectively projected and communicated outside your own walls and out in the marketplace.

Pepsi's new identity and logo, Is this stuff for real?

Love it or hate it, the new Pepsi logo has sparked a great deal of discussion.

An internal agency document outlines the development of the new logo and I have to wonder if this stuff is for real.

Is the Pepsi "energy field" on track or did they miss the mark?

Where we go first when considering a purchase

According to Harris Interactive, 20% of us go to search engines first when considering purchasing a product. Next we have discussions with family/friends/co-workers or, in other words, we rely on recommendations from those we know or trust.

This data is interesting, especially the fact that only 8% of people go directly to the manufacturer's website first. This clearly shows the trend toward commoditization brought on by the Internet. I believe it also spells trouble for manufacturers' brands that do not create a compelling set of qualities that resonate in consumers' minds. Unless people have some reasons to prefer your brand and seek it, chances are they are simply going to shop the category on price and basic features.

How well is your brand translated online?

Some good podcasts

David Kinard has posted some great podcasts that he has done in association with the American Marketing Association. Some of the current radio shows/podcasts you'll find at the link above are on the topics of Personal Branding, Career Management, Social Networking and New Media and Search Marketing.

I met David at an AMA conference a few years back and he's a great guy and absolutely dedicated marketing professional. I'm sure you'll find his material useful.

Guest post: 10 Reasons Why Companies and Products Fail

10 Reasons Why Companies and Products Fail
By Bill Tamminga

My research shows that this will be one of the most widely read articles I will ever write. For whatever reason, people want to know why businesses fail more than why they succeed. So this is for all the critics (and worriers) out there. Here are Ten Reasons Why Companies and Products Fail. Enjoy!

1. Lack of good ideas. Brainstorming is an absolutely essential part of new ventures. If a company wants to produce one product or service that sells, it must first come up with numerous ideas that have some potential. Most businesspeople and entrepreneurs I know brainstorm a minimum of fifty ideas before narrowing it down to the one on which they will actually work.

2. Production time is too slow. One of the ways businesspeople narrow down ideas is based on the amount of production time it will take to get the product to market. A mentor of mine suggests adding twelve months to any estimate I make in production time for new products and services. I have found his advice to be invaluable. It always takes more time than I think to complete a major project.

3. Production costs are too high. Of course, this issue is a cousin of Slow Production Time. Those twelve unplanned months of salaries, vacation days, holidays, health benefits and sick days can put your company in a significant cash crunch.

4. Voracious competitors. Everyone has seen a National Geographic or Discovery Channel episode about the African Savannah, right? Well, once you start making money, your competitors will close in like vultures on a wildebeest. Alternates to your product will begin to spring up out of nowhere like yellow thatching (google it).

5. The introduction of niche markets and customization. Niche markets and customization are great for consumers. They are also the downfall of many business ideas because of the specific demands of niche markets and the high cost of customization.

6. Government intervention. There are a slew of regulations that cover consumer and environmental safety for new products. Those hurdles must be overcome in a timely fashion for a company to make a return on its investment. Yes, I just put the words "government" and "timely fashion" in the same paragraph.

7. Poor marketing. After sinking time and money into brainstorming, product development, safety controls, and government forms, the company must now market whatever it is they are trying to sell. This is a problem if production costs have soaked up more cash than anticipated. No matter how much you believe in Guerrilla Marketing (and believe me I am a fan), you are going to need a fair amount of cash to fuel your growth.

8. Poor product or service design. Some companies don't realize that they have a poor design until they have spent thousands developing and marketing the idea only to find that consumers completely reject it. I can hear the collective "Ouch!" from many formerly frustrated but now highly successful entrepreneurs and executives who have been down this path before.

9. The company didn't listen to consumers. Spending a few thousand dollars on market research is much better than spending tens of thousands or more on a failed product.

Now for the final reason why companies and products fail... Drum roll please... Wait for it... Wait for it...

10. They don't deliver on their promises.

I was tempted to end this article after the words "Wait for it..." and let you figure it out on your own, but that would be cruel.

Here's to your success. Avoid these pitfalls at all costs.

Bill Tamminga is the author of Advanced Business Triage, a set of white papers that explain his systematic approach to business growth. There are three separate papers with specific ideas for service business owners, high-end sales professionals, and independent financial planners. To receive your copy, visit http://www.GoalRevolution.com/advanced_business_triage.html

To sign up for your FREE subscription to the GR Newsletter, visit http://GoalRevolution.com. In addition to consulting, Goal Revolution offers business courses through the GR Center for Advanced Business Studies. Our curriculum centers on teaching from such notable sources as Harvard Business School, the Gallup Organization, the University of Southern California, and more.

Article Source: http://EzineArticles.com/?expert=Bill_Tamminga http://EzineArticles.com/?10-Reasons-Why-Companies-and-Products-Fail&id=1861660

Top marketing trends for 2009

From the Marketing Executives Networking Group:
http://www.prleap.com/pr/130718/

Book review: Brand Immortality

I recently finished reading my review copy of this book and I am very impressed. This book is must reading for brand managers and anyone involved in marketing management.

Drawing conclusions and culling data from 880+ case studies submitted to the Institute of Practitioners in Advertising (IPA) dataBANK and detailing numerous case studies from winners of the IPA Effectiveness Awards, the authors have compellingly made the case as to why the eventual death of any given brand is not an inevitable fact of life. The authors point out the pitfalls and dangers in much current thinking in the field of marketing.

This book delivers some visionary thinking about how to view your brands in the face of decreasing control over brand messages by you and increasing control by consumers. Your customers and the market will determine what your brand really means and it is up to you to listen first and only then continually develop and hone your brand's personality, emotional elements and communications in order to stay unique, salient and profitable.

Learn why applying the Boston Matrix to brands is dangerous and why tagging your brands with labels like "cash cows", "dogs', and "question marks" almost assures them of eventual death. Learn how to make your brands transcend product categories to live long and prosperous lives. Learn the truth about how the effectiveness of TV advertising has actually grown over the past 25 years despite what you may have heard or read about its alleged demise and decreasing relevancy. Learn about the fallacy of Rosser Reeves and why people who buy your brand are more aware of your brand rather then the other way around. Learn why the ratio between share of voice (SOV) and market share is so important and gain an understanding of how this ratio can be managed to extend the life of your brands indefinitely. Understand the difference between leading and lagging indicators and why it is essential to keep a well-balanced scorecard when monitoring KPI's. This book will change the way you think about product brands and brand management.

Very interestingly, the authors are based in the U.K. and many of the brands they talk about are U.K. brands. These were not brands that I have generally heard of before. The interesting thing was, when reading the case histories I was able to remain objective about the analysis precisely because I had not heard of some of these brands before. This stood in stark contrast to many other books on branding that I've read in which the author(s) discuss well-known American brands. It is surprising how your perspective changes when you read about successful brands that you've never heard of before and then realize how your own awareness of brands being analyzed in other books influences your opinions not only about those books but also those authors. This little dynamic surprised me and only reinforced to me the power of strong brands.

Brand Immortality represents a truly new and refreshing approach to the subject and I absolutely recommend it. The only downside is that most will have to wait until January 28 for the book to be available. When it does become available, buy it.

How NOT to evaluate your marketing communications

Here is an interesting article that describes how not to evaluate your marketing communications. I think this is timely as many business owners are planning or adjusting their marketing plans for 2009.

I especially call your attention to item #8, The Rosser Reeves Fallacy. In my opinion, there is too much confusion over cause and effect. Just because people are more aware of your brand does not mean they prefer it. In fact, the opposite might be true. It might be those who are already loyal to your brand who are the ones more aware of your marketing communications simply because they preferentially "hear" your messages to reinforce their establish habit or purchasing decision.

Let me know what you think.

Book review: Habit - The 95% of Behavior Marketers Ignore

Neale Martin is a marketer with a background in psychology which I believe is a winning combination for understanding consumer behavior. This is a very solid book that puts forth and then supports effectively the key insight and premise that marketers would be wise to focus their efforts on creating customer habituation rather than customer satisfaction.

As I've stated in my previous works, people attach to brands emotionally first and then support their position with logic later---if they are forced to support their position at all. Neale Martin made my own words come alive to me as he describes the underlying brain science behind the process of the human mind going on "auto pilot" as much as possible to cope with the vast complexity that we deal with every day. Our brains try to automate decisions as much as possible to avoid having to consciously and logically think about most of the decisions we make. A strong brand is a way to help people automate their behavior so they don't have to invest the extra effort to think about their decision amongst available brands.

Martin's bottom line on effective marketing is contained in the last sentence of the book where he states that unconscious customer loyalty is the most important asset any company can own. Marketers would be wise to keep this in mind. We design marketing campaigns and we often tend to only think of brand and advertising messages in terms of making logical and rational arguments as to why people should choose our brands. We should also ask ourselves what it would take to help people choose our brands out of habit so they don't have to make the extra effort to even think about the brand selection decision.

This book is a solid effort that I recommend to anyone involved in marketing any product or service.

When & Why Brands Falter & Die

BrandChannel.com has an interesting article, "Brand Darwinism: When & Why Brands Falter & Die."

In my e-book, "How to Build and Manage Your Brand (in Sickness and in Health" I talk about signs that a brand is starting to die and then discuss ways to kill an ailing brand when that is the right decision to make. Sometimes the promises that brands make no longer continue to be relevant and sometimes no longer resonate in the marketplace and these are possible signs that it is time to kill or retire a brand.

On the other hand, I'm currently reading a review copy a new book (set to be released in January, 2009), "Brand Immortality" that argues that brands don't have to die that their attributes can be transferred to new products in new categories such that the brands can effectively live forever even though the categories in which they started might die or change.

What do you think? Are all brands destined for certain death because they are 'living organisms?'

Fundamentals of Social Media Marketing Strategy

Lee Odden, one of the leading marketing bloggers in the country, posted a great entry about the fundamentals of social media marketing.

Among some of his advice is a caution that the control of your brand and message is largely out of your control and under the control of consumers. If you want to influence it (or even decide if trying to influence it is a good idea), then it pays to get to know the dynamics and rules, both written and unwritten, of the medium.

It is a great article worth your time if you have a potential interest in using social networks as marketing vehicles.

6 Myths of Social Media Marketing

6 Myths of Social Media Marketing
By Dave Carleton

Social Media Myth #1 - Social Sites Are Just For Teenagers

Nothing could be further from the truth. While there are some sites like MySpace and others that were originally created to cater exclusively to teenagers, many of them are now attracting older participants.

And although there are literally thousands of social sites out there today, once you determine the goals and objectives of your social media efforts, you'll be able to narrow down the list to a select few that will concentrate on your target market.

Social Media Myth #2 - Social Media is Just a Fad

When the Internet first arrived on the scene, it was all about providing information and selling "stuff". And while that is still a large part, Web 2.0 is all about users interacting with each other and consumer generated content.

When 6 out the top 10 websites in the world are social sites and they are getting 1 billion visitors a month and growing, I guarantee this is not a fad. This is Web 2.0, the future! And the best part is, that you have the opportunity to learn about it and get involved in it while it is still relatively new.

Social Media Myth #3 - Social Strategies Are Just for Big Companies

The Internet is the great equalizer. You are what your customers and prospects see, hear and read on line. If you make great products or provide great services and you can reach the right audience through a compelling social media strategy, then your company will benefit with more exposure, higher brand awareness and of course increased sales.

My advice is not to worry about what the big boys are doing, do what you need to do to grow your business and believe me you need to be doing social media marketing. Social media is a great "guerrilla marketing" tool that you can take advantage of and start reaping the benefits from very quickly.

Social Media Myth #4 - Social Media Marketing Will Cost a Lot of Money to Implement

The good news is that creating and implementing a social media-marketing plan does not have to cost a lot of money. As a matter of fact most social media websites cost nothing to join.

Now don't get me wrong, as with anything, you'll certainly have to devote an adequate amount of time and resources to be effective, but in actual hard dollars and cents, your investment can be quite minimal.

Social Media Myth #5 - Social Media Marketing is Primarily Used for Finding Friends and Sharing Video and Photos

While YouTube, Flickr, Facebook and other similar sites are indeed used to find friends and share experiences, photos and videos, many savvy marketers are finding that they can connect with groups, users, fans and enthusiasts.

How? By providing free information that members might find useful or enhance their experiences. These types of sites should not be overlooked as a way to open 2-way dialogs with your target market

Social Media Myth #6 - You Have to be a Marketing Whiz or Computer Geek to Effectively Use Social Media

Once again, not true. If you can surf the Internet, buy a book on Amazon and read blogs, you have the skills needed to benefit from social media. Frankly, the most important thing you need to help your company get involved in social media marketing is the desire to learn and the time to implement some very basic ideas and strategies.

Now, are there more advanced features on some of these sites? Sure, but even those can be applied by just asking current users or reading instructions that many of the sites themselves provide. I'm telling you, this is not rocket science!

To learn more about social media marketing go to http://www.IncreaseSalesWithSocialMedia.com

As President of Street Smart Sales and Marketing, David Carleton has developed sales, marketing and training programs that have helped hundreds of businesses in 30 countries around the world generate leads, increase sales and enhance their overall marketing effectiveness. He specializes in lead generation and social media marketing strategies using unique low cost guerrilla marketing techniques. To download your Free Report "Why Your Marketing Doesn't Work and What to Do About it" visit http://www.StreetSmartSalesAndMarketing.com

Article Source: http://EzineArticles.com/?expert=Dave_Carleton http://EzineArticles.com/?6-Myths-of-Social-Media-Marketing&id=1690471

The good old product demonstration goes viral

I just have to hand it to the folks at Blendtec for reminding us how some of the tried and true sales methods are still some of the best.

Watch this short interview that describes how Blendtec was able to take a good old fashioned product demonstration and put a modern twist on it by shooting some videos and posting them on YouTube. They even created their own website, www.WillItBlend.com, that has been a huge viral hit and has enabled this brand of blenders to soar in terms of sales.

Never underestimate the power of putting a modern twist on an old yet proven selling tactic.

Ah, now that's refreshing!

Do marketers know the meaning of the word "branding?"

Robert Rosenthal over at Freaking Marketing believes that some marketers just don't understand the term "branding."

Either that or he builds a strong case as to why designers and ad agencies purposefully misuse the term.
Check out his post.

Book review: Growing Small Businesses into Big Brands

Jack Sims has pulled together a great mix of theory and his own real-life examples in this book. His "brand to the bone" concept nicely illustrates that gaining a big share of your customers' hearts and minds is essential to gaining a larger share of their wallets, not in a deceptive way but in a way that benefits them so they willingly purchase your brand. You capture hearts and minds by being meaningfully different.

All this gets to the heart of it all. An authentic brand that delivers real value and that stands for unique benefits will be rewarded.

Don't overlook the questionnaires and checklists at the end of the book!

On my "Professional Marketer Investment Scale";
($-Poor investment, $$$$$-Great investment)

Rating: $$$$

Tropicana-Twitter ad campaign

I recently interviewed Leslie Bradshaw, Public Affairs Communications Manager at New Media Strategies who created a novel advertising campaign tied to Twitter for Tropicana.

Q: I noticed an advertising campaign at http://www.anorangeamerica.com that seems unique.  This campaign seemed to be tied to an analysis political talk on Twitter during the recent U.S. presidential campaign.  What exactly are you doing behind the scenes?

A: Not to totally geek-out here, buuut, to make it work, we take a sample from Twitter every 30 seconds and analyze them in 50-result batches for associations and term matches. They accumulate for 5 minutes and then we flush sample aggregates to the database. So the database has samples from when it started through present in 5-minute granularity. As new terms trend, they begin to populate on the X-axis. The system back end will be implemented using a Java-based stack and PostgreSQL RDBMS. The presentation will be implemented using Flash targeted to Player 9, standards-compliant XHTML/CSS targeted to modern browser versions with significant market share (Safari 2+, Firefox 2+, IE 6+).

Q: For those who might not be familiar, what exactly is Twitter and what is a Tweet?

A: I could go on and on about Twitter, because I love it and think it is an extremely useful tool... I think founders Evan Williams, Biz Stone and the Twitter team are incredibly brilliant for creating and harnessing the simplicity of what is human nature to us all - our ability to produce short, random, meaningful, silly, insightful, introspective, engaging and/or social thoughts. Hopefully this isn't too much...

Broadly ~ Twitter is a new communications application that allows users to send short updates to other users via the Internet, Blackberry, cell phone, and instant messenger (IM) applications.  Generally considered a "micro-blog," the application allows a user to send a text-based message, of up to 140 characters in length, to other users who have requested to receive updates them from that user.  When you post, it is called a "tweet" and the act of posting on Twitter is "tweeting." It's growing in popularity due to its simple, easy to use, and stripped down format. As of October 2008, there are over 2 million registered accounts.  

Specifically ~ Twitter is a social and efficient way of staying in touch with friends and contacts (who also use Twitter, of course) and meeting new folks. It is also provides an outlet to life-stream your thoughts, however short or random they may be, in a public or private (protected) web profile.

Q: How do you "see" or gain access to what people are talking or tweeting about and how do you tie that to the Tropicana brand?

A: There are a couple of ways you can do this, depending on your end goal. If you are a general reader and consumer, just interested in finding others talking about a subject in which you are interested, we recommend ,http://search.twitter.com/. If you are a developer, or an organization, wanting to tap into the data and build a site like we did with Tropicana ("An Orange America"), you would want to connect to the Application Programming Interface (API), which gives you access to the raw data (in this case, the short messages, aka: "tweets") and allows you to perform whatever analysis you would like.

Q: Could this technology be easily targeted to other conversations?

A: Absolutely. You can target conversations through the search engine I listed above and through the general API data I also just mentioned. The key is to make it both useful and authentic -- it is important to understand and participate in the space before just diving in. That is why working with the New Media Strategies Public Affairs team, all of whom are on Twitter; Tropicana was able to further leverage their ingenious idea.

Q: What implications might this have for branding efforts and what would one have to do to make sure it is not intrusive but rather something that advances the conversation or the dialog?

A: The great thing about Tropicana is that when they came to us, they really wanted to find a way to help add value to the social media community and larger political dialog going on around Election Day. As you can see in their An Orange America video, they have a non-partisan, 100% orange approach ("We're not red. We're not blue. We're 100% orange."), which allows the data to speak for itself. Not to overdo it on the juice puns here, but as a political blogger myself, it is refreshing :)  Overall, they felt that building a Twitter application would help make sense by "freshly squeezing" the massive amounts of data (aka: tweets) that would be posted this week.

Q: What else should we know about this technology?

A: At a workshop over the summer at the Online News Association, we shared something then that I would like to share again: Twitter is a natural extension of short-form communication that humans have always used to get their points across, like psalms, Haiku, hieroglyphics, graffiti, slang and text messaging. It is just the most recent - and technologically evolved - carnation of communicating. I want to challenge people to see it as a natural medium and tool, not something highly technical or alienating.
 
Q: What type of brands authentically lend themselves to this type of alignment to conversations on twitter?

A: I would say news brands lend themselves the most to twitter -- Fox News, C-SPAN, Huffington Post -- because they naturally generate a lot of discussion as it is. Twitter is a good way to create a conversation about those stories to make them much more interactive.

Thanks for the story behind the campaign. I’m sure we’ll be seeing more of this type of advertising in the future.

Help restore my faith in the profession

All you marketers out there, please, please help restore my faith in the profession. Please reply with your comments and answer this one simple question:

What is the goal of marketing?

Book review: Meaningful Marketing

Over the weekend I finished the book, "Meaningful Marketing: 100 Data-Proven Truths and 402 Practical Ideas for Selling MORE with LESS Effort" by Doug Hall. This book should be on every marketer's bookshelf.

Packed with solid information on how to sell more product and services, Doug Hall backs up his assertions with research-backed studies and data to assure the reader that these truths fall out from hard data. Experienced marketers might not learn anything new, but they probably will. At the very least the book will have you revisiting sacred cows and "common knowledge" about what you think you know about marketing and sales tactics that elicit customer response.

While probably not meant to be read from start to finish as a typical marketing work, this book belongs in your library as a handy reference. Packed with common (and not-so-common) consumer insights, the book is arranged with each left-hand page being a "truth" and the accompanying right-hand page listing several practical ideas to support those truths. Everything is well-indexed and easily findable.

Perhaps the most valuable gem of the whole book is the author's complete list of all references that support each truth so that you can track down the primary research or journal articles that the author researched. This list alone is worth the price of the book if you are looking for jumping off points to dig deeper into any of the topics.

On my "Professional Marketer Investment Scale":
($-Poor investment, $$$$$-Great investment)

Rating: $$$$ 1/2

Internal and External Brand Alignment

Mind the Gap - Are You Bridging Your External and Internal Branding?
By Laura Pasternak

You've seen it on tee shirts. Perhaps you've heard this British proper announcement on the London tube. But have you considered the importance of minding the gap between your internal and external branding efforts? If you haven't, prospects, clients and shareholders could very easily be get caught in the gap between brand promise and delivery.

No matter how brilliant your external brand communications, if the brand promise isn't validated through your internal efforts then it could all be for naught. By creating, implementing and maintaining consistency, you will build a stronger brand and, in the process, instill greater trust and customer loyalty.

The Pitfalls of Not Minding the Gap

Not heeding the gap can spell disaster for a company. All too often the focus of brand building is external - the sales force, marketing collateral and public relations efforts - with little attention given to internal brand touch points - company policies, practices, customer relationship management and employee protocol. Managing your brand both internally and externally is critical to creating a successful brand. When customers see a gap between what you tout and what you deliver, the mixed messages can have an adverse effect on your brand.

Brand is influenced by every contact you have with your customer. Does your customer's experience with your product support team align with your company's brand message? Is the experience created by the sales representative mirrored in the execution of the service? Does your collections department communicate the same brand attributes in their interactions with customers? Examine the consistency of your message, tone and action among all internal and external customer contacts. Chances are you'll find some sort of gap. Effective brand-driven companies focus on closing this gap.

But even some of today's most well-known brands face the challenge of effectively minding the gap. One high-profile example was internet service provider, America Online (AOL). On its corporate website, America Online (AOL) stated its commitment to creating an easy and painless experience for customers:

"We do all these things and much more because at AOL, we are dedicated to the simple premise that our members and consumers deserve the best possible - and most valuable - online experience available anywhere."

However, allegations among the company's customers suggested that AOL's external branding was not consistent with the company's internal operations. The web site, consumeraffairs.com, revealed AOL users' discontent with several of the company's policies and practices, citing extreme difficulty in canceling accounts, rude customer service representatives, unauthorized charges and even double billing.

If you reread the above corporate vision statement, there is clearly a disconnect between the message and the experiences of customers who posted complaints at ConsumerAffairs.com. This is a classic example of how actual practices fail to support a company's marketing rhetoric. AOL's message said their customers deserved the best experience (rhetoric). However, delayed cancellation techniques, antagonistic, and often difficult, attitudes of some customer service representatives and frustrating cancellation problems (actual practices) contradicted the company's promotional language.

As a result, customers were canceling their AOL accounts by the thousands, with statistics showing 800,000 cancellations in one quarter alone. Nearly 4,000 former users wrote ConsumerAffairs.com about problems with AOL and difficulties in canceling services. One former customer went so far as to record and post on the Internet his conversation with AOL customer service, further compounding the negative perceptions about the AOL brand.

The company responded with this statement:

"At AOL, we have zero tolerance for customer care incidents like this - which is deeply regrettable and also absolutely inexcusable," said AOL spokesman Nicholas Graham. "The employee in question violated our customer service guidelines and practices, and everything that AOL believes to be important in customer care," he said.

Despite the company's self-proclaimed "zero tolerance" for such incidents, the public perception that this was not an isolated incident didn't garner much sympathy for the company or positively support the company's desired brand position. Obviously, there had become a widening gap between AOL's internal and external brand management efforts.

Minding the Gap, Maintaining the Bridge

The above example demonstrates that even when you think there are no gaps between your internal and external branding, both require ongoing review, maintenance and careful management. Even with "strong safeguards" and "rigorous internal and external compliance methods" in place to help mind the gap, the reality is it could happen to any of us.

Brand management in an ongoing process that must be adopted by your entire organization. The key to ensuring you deliver on your brand promise is to empower your employees to be brand ambassadors. Have them participate in the process of establishing brand guidelines that identify how the company's brand is actualized at each touch point with a customer (from the initial sale through delivery and ongoing support). Then, on a continual basis, implement and monitor checks and balances to identify and close any gaps between your brand promise and brand delivery.

What can you do to ensure that you don't become the next news story? Here are some practical tips for minding the gap:

* Align your internal operational practices with your external brand message. From the president and CEO to the customer service representative or maintenance person, every employee must understand, articulate and implement that brand consistently. They must recognize that their actions and interactions with customers are what create the value of the brand. They must be brand ambassadors in everything they do. Forgo this crucial step and contradictions between your brand and how your employees deliver on it will create doubt in prospects' minds as well as in those of your customers, partners, shareholders and the public.

* Measure and monitor customer experiences. In essence, we don't know what we don't know. That's why measurement and customer feedback is critical to managing your brand. Whatever you promise to deliver to the customer, you must ensure that the measures are in place to monitor customers' perceptions of your delivery on that promise. AOL wanted their clients to have the best experience possible, yet the actions of its customer service representatives challenged that premise. By instituting measures for feedback, as well as establishing internal checks and balances, you can ensure that you deliver on your brand promise and close any potential gaps that could erode the trust and loyalty of your customers.

* Be objective when minding the gap. It's human nature to want to play up our strengths and downplay or ignore our weaknesses. But examining our Achilles' heel is as essential as understanding what we do right. The best way to do this is to be as objective as possible. Allow customers and vendors to give you essential feedback, even if it is negative. And, instill a sense of self-regulation in your employees. Proactively addressing customer-identified brand gaps will pay off tenfold.

* Walk a mile in their shoes. Selling in the field with the sales force, sitting at the customer service help desk or working the warehouse dock for a day, will give you a better understanding of where your company excels in delivering on its brand as well as where it is falling short. By understanding the intricacies of the interactions various functions have with your customers, you can help establish the procedures and measures for ongoing assessment and management of your brand.

* Motivate your employees to build and maintain the brand. Plain and simple, if your employees have a vested interest in the brand process, they are far more likely to uphold the company values and brand. They must understand the importance of their role and be motivated to act with the brand in mind at all times. Have employees work together to establish the framework for how they will embody the brand and then implement a plan to get all employees on board. Publicly recognizing employees for brand-driven actions or solutions is one way to begin to build brand into the culture of your organization.

Like anything else, your brand is only as strong as your weakest link. If that weakest link is the bridge between your internal and external branding efforts, then your brand won't be sustainable. By instituting checks and balances and consistently reevaluating them, the link between your company and your customers can become a powerful and lasting connection.

Don't let your clients, shareholders, partners or the public fall through the cracks. Mind the gap by building and maintaining a solid bridge between your external brand message and your internal processes for delivering on that brand message. By doing so, you strengthen the commitment and loyalty of your customers, in turn strengthening your bottom line.

Laura Pasternak is President of MarketPoint, LLC, a brand management firm that helps businesses improve results by identifying, integrating and managing customer-driven brand equities and strategies. Visit http://www.yourmarketpoint.com or call 1.866.21POINT toll-free to learn more.

Article Source: http://EzineArticles.com/?expert=Laura_Pasternak http://EzineArticles.com/?Mind-the-Gap---Are-You-Bridging-Your-External-and-Internal-Branding?&id=1463136

Advertising agencies warn of tough year ahead

http://www.ft.com/cms/s/0/50de0c18-a519-11dd-b4f5-000077b07658.html

Did the Internet Kill Direct Mail? (guest blogger)

Did the Internet Kill Direct Mail?
By Carol Oliver

It's hard to think direct mail still reaps benefits when everyone is resorting to online marketing. Put simply, many marketers now see the internet as an untapped chunk of potential markets waiting to be uncovered. This resulted in the boom of internet marketing websites, forums, and seminars. So did the internet kill offline marketing techniques such as direct mail? Many people will say it did, but there are always two sides of the coin. Let's look at this topic from a fresh perspective.

The world has become so internet oriented that you can hardly have a conversation without weaving internet website or tools into it. People who don't have basic internet skills are now met with raised brows and sometimes even jeers. So how does this relate to direct mail? When all marketers shift to a different technique, you have an advantage once the coast is clear. An average internet user has become so used to those flashy ads on blogs and websites that a paper under their door can definitely grab their attention more at this point.

Before internet advertising, one would receive heaps of junk mail under his door and would toss it away instantly. Now with companies shifting towards internet marketing, less are sending out direct mail. Chances of exposure now are much higher than they were in the past. The trick now is to grab your prospect's attention in an unconventional way - a way that totally goes against internet basics.

Let's put this scenario, your prospect wakes up, pours juice and checks the mail. You have up to one minute to grab your prospect's attention. In the internet world, at the moment, you have up to 8 to 10 seconds to grab the surfer's attention. That's the first benefit of direct mail over the internet marketing techniques.

Let's look into the factor of personalization. When your prospect surfs the internet, he is aware that at least thousands are being exposed to this ad in the very same second. This puts your prospect in the "impersonal, indifferent" mode. With direct mail, the ability of the prospect to touch a postcard or brochure addressed to them creates a sense of intimacy or connection. That is yet another benefit of direct mail over internet advertising that can reap enormous rewards on the long run.

The last factor that kicks in is your prospect's curiosity. While in both offline and online campaigns you can pique interest via design, copy, or incentives, when a prospect curiosity is minimal due to distractions. Let's see how this applies to a daily scenario. Let's say you're online, you find an ad that says "Are you broke?" While this may pique your interest if you're indeed broke or bored, you may click the website only to find it's a paid service and close the window.

The attention span of an internet surfer is very low. How about someone who's on the couch, bored to tears, with a direct mail catalogue on the table? Most people will look at catalogues for hours just for the heck of it. Their attention span amounts to how bored they are. That's a huge advantage for any company looking for exposure.

This effect is only maximized by targeting market segments. This can be done by distributing direct mail to those in need of your product.

You can't find such information? Acorn Marketing, a team of dedicated direct response marketing specialists, can help you maximize your direct mail recruitment today!

Article Source: http://EzineArticles.com/?expert=Carol_Oliver
http://EzineArticles.com/?Did-the-Internet-Kill-Direct-Mail?&id=1558236

Looking for little-known marketing tactics that work?

Have you ever wondered about:

Who High Reach Influencers are and why they might be even more important than some of your customers

Why and how the customer lifetime value (CLV) model is flawed and how it might be restraining your success

The one critical belief that must be held by your top marketing officer in order for your company to reach its full revenue potential

The element of the marketing mix that is most effective when it actually fails regularly...and why you should be glad it does

Why spreading your marketing budget as wide as it will go is a huge mistake

How to allocate your marketing budget across your media mix

How to choose the right words in your marketing campaigns?

If so, then you should download my new, free report, "5 Secret Marketing Tactics That Will Increase Your Revenue."

Please let me know your thoughts after reading the report. I'm developing some of the ideas contained in the report for my next e-book and I would love to know what you think.

Top 250 Blog Postings on Marketing

Top 250 Blog Postings on Marketing, by Scott Howard.

Act like a commodity and you'll become one

Tom Fishburne posted an insightful blog entry on managing premium brands in uncertain economic times. Read his post.

The cure for wasted advertising dollars

I've been working my way through a new business-to-business sales and marketing book and became intrigued with an idea mentioned by the author. It struck me that my own philosophy towards advertising is very much in line with what the author described as brand response marketing.

Brand response mixes the best from both worlds of direct/response marketing and brand advertising. I never knew it had a name. I just thought it was common sense and a little direct response logic applied toward advertising.

You see, I have come to hate those big, beautiful ads with wonderful, large graphics, images or pictures that capture attention but then fail to do anything with it. These ads might win design awards and get praised by agency art directors, but they certainly don't communicate any core brand values or drive measurable response of any kind. (See my previous post as an example.) I have never understood why anyone would waste advertising dollars on these image ads that are not measurable in any way.

After a little research, I found a good description of brand response:

"Brand response is essentially a carefully executed direct response campaign with longer-term goals such as customer retention, brand loyalty and improving customer relationships with the brand itself. The success of such a campaign depends on the use of consistent creative that reinforces the brand over time and delivers the messages through all media used - whether that be door-drops, direct mail, press ads, radio, the Internet or TV. The careful targeting and strength of a consistent brand response campaign means the relevant target audience is being reached at the right time in the right place with no wastage. Using an integrated media strategy is the most effective way to reach your target audience via a number of different media channels, therefore reinforcing the brand while generating response."

An integrated media strategy is an essential tool for brand loyalty Precision Marketing. London:Sep 2, 2005. p. 12-13.

Ah, now isn't that music to your ears?

Don't create another ad that doesn't both foster the brand message and ask for some type of response.

Your bottom line and your sales team will love you.

How to plan your media spend for next year

Many marketing professionals are currently starting to pull their marketing plans and budgets together for 2009.

If you are faced with making some hard choices due to budget cut backs because of an uncertain economy*, then let me offer some advice.

Attempting to spread your marketing investment across as many different media as possible is dangerous. Depth in media is absolutely essential to get the results you want.

All too often people spread their marketing dollars across too many different media and dilute their message and their success. They believe that “being everywhere” to create awareness is the most important thing they can do.

They are dead wrong.

These marketers would be more successful if they focused on mastering a few media first and then made the bulk of their marketing investment in those proven media rather than trying to be everywhere. Just because you test on a small scale with one medium and find a winning campaign that is ready to be scaled-up within the same media does not mean that it is time to roll it out into many different media at the same time. Different media might deliver very different results.

Concentrate on the few media channels with which you are successful. Experiment and measure until you have the return on investment solidly working in your favor and then pour most of your allotted marketing dollars into those media while testing new media on a smaller scale. Master each one of your media channels one at a time and then add them to your mix one at a time until you find the optimum mix and balance.

A winning message in one medium might not translate into a winning message in a different medium. Don't gamble on unproven media because most of the time you will be disappointed.

Don't spread your marketing dollars as far as they will go. It is a huge, classic mistake.

* As of August 29, the U.S. economy grew GDP at a 3.3% rate in the second quarter of 2008 which was stronger than expected. The U.S. economy has continued to post growth and has not met the threshold of being defined as a recession which is defined as a period of two consecutive quarters of negative economic growth. Despite this fact and because of uncertainty in the housing and energy markets, many business managers are being very conservative in their spending and budgeting processes for 2009.

Mplanet 2009 marketing conference from the AMA

Mplanet™ is the American Marketing Associations premier event for the marketing community and a destination for the latest marketing thinking, innovations and interaction with the best marketing minds. Senior marketing executives, industry luminaries and top academics will engage in a dialogue about the magnitude and pace of change during the last few years. Mplanet will provide marketers with a place to discover and explore new ideas, new learning, proven strategies and solutions for some of the biggest challenges and opportunities in the Marketsphere.

When: January 26-28, 2009
Where: Rosen Shingle Creek Resort - Orlando, FL

Created by the American Marketing Association, in partnership with Bain & Company, The Wharton School and SpencerStuart, Mplanet provides senior marketing leaders and luminaries with a hands-on, first-of-its-kind destination for:

* Relevant information and actionable solutions. Interact in discussions with the top minds in marketing on topics that reveal answers to today's most pressing marketing challenges.
* Interactive environments. There are no podiums and no barriers to inhibit the free-flow of information. Immerse yourself in an environment designed to stimulate ideas and provide results.
* Networking with marketing leaders. Make contacts, discuss strategies and create opportunities with the best CMOs and managers in the business.

Top 25 Marketing & Social Media Blogs

According to Viral Garden

1 - Seth's Blog - 8,344 (-136)(LW - 1)
2 - CopyBlogger - 5,206 (-357)(LW - 2)
3 - Chris Brogan - 2,646 (+226)(LW - 3)
4 - Logic + Emotion - 1,160 (-9)(LW - 5)
5 - Search Engine Guide - 1,085 (-103)(LW - 4)
6 - Influential Marketing - 830 (+12)(LW - 7)
7 - Duct Tape Marketing - 811 (-25)(LW - 6)
8 - Church of the Customer - 661 (No Change)(LW - 8)
9 - Six Pixels of Separation - 630 (+4)(LW - 9)
10 - Daily Fix - 591 (-27)(LW - 10)
11 - Brand Autopsy - 589 (+1)(LW - 11)
12 - Conversation Agent - 546 (-2)(LW - 12)
13 - Techipedia - 495 (-24)(LW - 13)
14 - Jaffe Juice - 473 (-13)(LW - 14)
15 - Drew's Marketing Minute - 461 (-5)(LW - 15)
16 - Damn! I Wish I'd Thought of That! - 435 (-9)(LW - 16)
17 - Diva Marketing - 417 (-2)(LW - 17)
18 - Social Media Explorer - 415 (+7)(LW - 18)
19 - The Social Media Marketing Blog - 388 (-11)(LW - 19)
19 - Converstations - 388 (+2)(LW - 20)
21 - Every Dot Connects - 367 (-13)(LW - 21)
22 - Techno Marketer - 366 (+1)(LW - 23)
23 - What's Next - 361 (-3)(LW - 24)
24 - Greg Verdino's Marketing Blog - 354 (-13)(LW - 22)
25 - The Viral Garden - 353 (+8)(LW - 25)

Brand equity Top 10

According to a recent Harris Interactive poll of 20,289 consumers which asked each respondent to rate 60 randomly-selected brands out of the 1,170 brands in the study, Heinz Ketchup is the number one brand in terms of consumer equity.

Here are the top 10 brands according to the study (rank., brand, brand equity score):

1. Heinz Ketchup 79.27
2. M&M Plain Chocolate Candy 77.79
3. Hershey's Milk Chocolate Candy Bar 77.51
4. Hershey's Kisses Chocolate Candy 77.20
5. Duracell Batteries 76.75
6. Cheerios Cereal 76.53
7. Discovery Channel 76.17
8. Kraft Foods, Inc. 75.93
9. Kleenex Facial Tissues 75.57
10. Neosproin Ointment 75.54

The god of copy

I've got to thank Bob Bly for blogging about and turning me on to The Copy God. This guy states, "Discover how to write copy so potent, powerful, and awe-inspiring, it starts to make money for your clients before they mail it – as incredible as that sounds!"

For those of you interested in marketing and writing copy, this one is great for a laugh. It actually is very well written and a case study in exaggerated claims (as slight as they may be.)

Just make sure you read it to the end...and be sure to click on the button at the bottom to see who is really behind it all.

...and a special welcome to my new affiliate

Check out the Queensboro Shirt Company for all of your logowear needs.

Linking Mission, Vision and Brand Promise

The Branding Strategy Insider Blog has posted an entry that discusses the role of brand promises within the context of organizational vision and mission and why it is important to link them all.

This represents further support for my Top End Alignment branding process.

Book review: BrandSimple

"BrandSimple: How the Best Brands Keep it Simple and Succeed" by Allen Adamson is a refreshingly easy read that boils the essence of brands and branding down to, well, their simplest but most important basics. Anyone involved in business management of any kind should read this book.

Adamson reminds us throughout the book that a brand is a very different thing than branding and that marketers cannot be great at branding without first creating a great brand.

The best brands are different. They promise something different and unique and deliver on that promise every time. They also find a way to simplify their brand message so that just about everyone instantly "gets it" and that the "it" resonates and seems obvious after the fact. Getting to that simplicity can require a lot of hard work and thinking, but making it seem so simple, obvious and intuitive is the key.

As Managing Director of Landor Associates, Allen Adamson peppers the book with real-world examples from his work at Landor and from his previous positions. His case studies show how the best brands work tirelessly to emerge with a simple promise and a simple message that is easily communicated in just a few words.

The real examples are brief yet clearly show the challenges and ultimate solutions from brands like Compaq, Visa, Apple, Aquafina, Baby Einstein, BlackBerry, JetBlue, Timberland, Pixar and many more. He uses these brands to show that often a simple insight that makes your product different is the real power in building a great brand -- as long as that difference is important and relevant to your potential customers.

The book is written at an easy reading level so that any business manager will be able to readily breeze through it without tons of technical branding terminology and grasp the important concepts. This in turn will inspire them to reevaluate and transform their own brands. The book is straight-forward, simple and highly insightful and useful.


On my "Professional Marketer Investment Scale";
($-Poor investment, $$$$$-Great investment)

Rating: $$$$$

Bud goes to InBev

Anheuser-Busch and its flagship brand, Budweiser, have been bought by Belgian brewer, InBev. Not only does this leave us to wonder if a truly American beer brand will play well globally, but it reminds us that distribution (or place) is one of the important "P's" of marketing.

Will InBev be successful getting Bud to be a broader-reaching global brand? Will the purchase by a foreign company hurt Bud's appeal in the U.S.? Will the synergistic savings on the supply and manufacturing side realized by InBev now more than justify the purchase?

Only time will tell, of course, but it will be interesting to watch what effect this has on the A-B and Bud brands.

The question is, will the Budweiser brand still have relevance as a non-U.S. brand or has its essence been fundamentally changed forever?

Can you build a brand without advertising?

You bet you can.

In fact, if a brand is powerful, it might not need advertising at all.

Look at what Smart Car is doing.

http://www.brandweek.com/bw/content_display/esearch/e3i8f0b924c729e72f62fd5acfbb4526b39.

and check out this quote from the article:

"The only U.S. presence [the car] might have is on our Web site," said Dave Schembri, president of Smart USA, Bloomfield Hills, Mich., the exclusive distributor of the Smart Car in North America and Puerto Rico. "But we aren't advertising. We don't need to."

More on High Reach Influencer Value and other marketing tactics

I've just released more information about high reach influencers in my new report, "5 Secret Marketing Tactics That Will Increase Your Revenue." The report is free for the asking.

Please let me know what you think of the report!

Your customer might not be king

High Reach Influencers (HRI's) are people who convince many others to purchase from you. High Reach Influencers often engage in word-of-mouth marketing and lead others to purchase products or services based on their personal recommendations. These people have the personal power to influence many others.

HRI’s might bring more new customers to you who then purchase far more than the HRI’s purchase themselves. In fact, HRI’s might not even purchase anything at all from you themselves. Because they might not currently be your customers, HRI's can often be overlooked by companies calculating customer lifetime value (CLV) or customer referral value (CRV).

HRI’s might be influential bloggers who comment on your brand as a result of hearing a rumor about you. These HRI’s might be industry reporters or trade editors. These HRI’s could be people who want to talk about your brand to others for a myriad of reasons other than the fact that they are your customers and they're either very happy or very disappointed with their experience with your brand.

Don't forget these high reach influencers when determining how to best build your brand. Quantify them as much as possible and seek ways to communicate with them and influence them.

Don't assume your customers are the only ones who refer others to you. By all means, don't assume that your customers are the only ones who matter because your best customers in terms of individual purchasing habits might pale in comparison to others who send much more business your way.

How to Build Your Reputation Online

Here is some great advice in the form of an interview on establishing and building your reputation online using some of the newer social media tools.

My recent break from blogging

Oh, did I not mention a conference that I would be attending in Cancun?

I'm back now and will start thinking about marketing again...although the entire concept of Cancun was obviously conceived with nothing but tourists in mind in order to find a way to part them from their money. Cancun is completely unlike the rest of Mexico and is entirely built for tourism. As branding goes, they've done a good job catering to their target market.

In order to further connect this trip to marketing and branding, I also snapped this second picture outside of a small convenience shop in Mexico.



Bimbo Bakeries was founded in Mexico City in 1945 and brought packaged, sliced bread to the Mexican market. Does this brand name hold up across countries and cultures?

..and this all begs the question, Is Cancun the best thing to happen in Mexico since sliced bread?

Great marketing quote...

"Authentic marketing is not the art of selling what you make but knowing what to make. It is the art of identifying and understanding customer needs and creating solutions that deliver satisfaction to the customers, profits to the producers and benefits for the stakeholders."

- Philip Kotler

Meaningful Marketing lesson

I'm working my way through a new book (to me), "Meaningful Marketing". This book is already looking like one of the best pragmatic marketing books I've read in recent years even though I'm only on page 50. I already uncovered a gem that I must share with you that goes to the heart of branding.

"To get customers to listen, you must give them a dramatic reason. A study of over 901 marketing messages for new products found that when the sales messages specifically stated the product's point of difference, those brands were 52% more likely to survive for 5 years or more than those that were less overt."

Great lesson. Create a point of singular distinction and communicate it clearly.

Amen.

The awareness question revisited

Well, I recently got "the question" again. Yet another reader of my e-book, "How to Build and Manage Your Brand (in sickness and in health)" emailed me a question about my stance on brand awareness. I get some iteration of this question every few months.

The question?

Always some variation of,

"I'm very interested to know what's behind your statement, 'Brand awareness is not everything. Brand awareness is vitally important for all brands but high brand awareness without an understanding of what sets you apart from the competition does you virtually no good. Many marketers experience confusion on this point.'"

What do I mean?

Brand awareness is vitally important for all brands but high brand awareness without an understanding of what sets you apart from the competition does you no good in-and-of itself.

Just because somebody is aware of your brand does not mean they understand why it is unique or why they should believe it represents superior value. Heck, there are a lot of brands with high awareness but also high notoriety. This is not desirable.

It is only once people understand what is different and unique about your brand that they can start to consider it as the superior choice in its category and start to develop brand preference toward it. Awareness means they are simply aware. Strategically aware means they are aware and understand what makes your brand different from every other one in the category...and just because they understand the differences doesn't necessarily mean those differences are favorable in their eyes.

Positive strategic awareness occurs when not only does the person recognize your brand, but they also understand the distinctive qualities that make it better in their eyes than the competition. This leads to brand preference.

Simply creating awareness for your brand is not even half the battle. Give me enough money for advertising and I can raise awareness for just about any brand...but that doesn't mean I'll drive any sales for it.

So remember, powerhouse, sales-driving branding is all about creating a point of singular distinction, creating positive strategic awareness and building brand preference in the mind of the target market.

SEE ALSO:
http://www.dolakblog.com/2006/08/brand-awareness-whats-deal.html

CRM: Can't Really Manage

An interesting article at Brandweek reports the results from a recent study involving CRM (customer relationship marketing). It appears that while much resource has been put into CRM systems and efforts to capture and aggregate customer information over recent years, few organizations are fully capitalizing on the efforts.

Only 16% of reporting companies report themselves effective or extremely good when it comes to CRM and a full 31% say they do not do any data mining at all.

It is much easier and much more cost-effective to keep loyal customers than it is to find and get new customers so why do marketers fail at focusing on the customer part of CRM?

Do marketers not realize that their responsibility does not end once a sale is made?

Pantene ad almost hits the mark

Quick! Which of the two ads above makes the greater impact?

Pantene's (P&G) agency of record, Grey New York, apparently created an almost great ad.

Their original ad is on the left and my slightly edited version is on the right. The text is identical in the two ads except I added the URL to the one on the right to at least add some semblance of a call to action.

Why did Grey New York not use a large, bold headline that's easy to read? Heck, it's only three words. The reader would almost not be able to not read the headline if it were big and bold. Why rely on the photo to stop the page flipper and make them work to find any sort of message? Knock 'em over the head with it. Just three words.

..and the logo? Make it bigger. Don't be ashamed of your client's brand. You've got an ad with 6 words here, folks. Why in the world did you try to hide those 6 words?

I just don't understand art directors who try to hide the message in tiny, gray print. Do they believe the gap is so wide between creatives and copy writers that they simply don't think words have any impact?

Yes, cool picture but your client is paying you to deliver a message. Deliver it effectively without making the reader work. As soon as you make the reader work...

Flip. Next page.

Make a promise and keep it

An effective brand represents a promise of value to the consumer. A solid brand message communicates what that value is in a way that resonates with the target consumer. If done properly, the promise offers unique value that is not found in competing brands.

As such, branding helps the consumer make the decision once they decide to purchase within the category. At the moment of truth when the consumer is ready to make their choice, a good brand promise will help the consumer make the purchase decision. If the branding holds true, then the consumer also feels the benefits of those kept promises and unique value after they have purchased the brand and those kept promises shape how they feel about the experience long after they’ve made the purchase.

Create a powerful brand and they will not only come back for more, but they’ll tell their friends.

Old-time marketing of the future

...meanwhile, back in the "words mean things" category, here's a sign I passed earlier in the week while traveling through Virginia:



When I pop over to Merriam Webster.com I find:

Antique:
1: a relic or object of ancient times
2: a work of art, piece of furniture, or decorative object made at an earlier period and according to various customs laws at least 100 years ago

Now, does anything currently "made daily" fit this definition or is this marketing communications created without really thinking about what is being said?

"Old fashioned" or "old style" would have been more accurate, but this marketer chose words that simply aren't and cannot be true.

No wonder marketers have a reputation for stretching the truth.

Brand Destruction

Earlier today in the American Marketing Association's Brand Strategy and Brand Management SIG, a member posted an intriguing observation.

This SIG member opined that U.S. companies work more to destroy and devalue brands rather than to build and nourish them. This person then went on to challenge the group to think of any brand that is as highly valued today as it was 5 years ago. He then asked a question, "Why do companies destroy brands?"

Firstly, I don't believe that companies consciously devalue their own brands. I believe the market takes care of much of that for them in a fierce, hyper-competitive marketplace where differentiation between a myriad of offerings in any single category is extremely challenging. Further, price pressures and readily-available information via the Internet helps drive just about everything toward commoditization. (For those new to the concept of commoditization, think "unbranded" and consumer choice driven almost exclusively by price.)

I also believe that the way most companies manage brands is unhealthy to long-term brand value.

I have reached the conclusion in my independent research that brands are, by nature, long-term entities and brand managers (and other corporate managers) are critters who are more interested in short-term -- especially quarterly -- results in order to satisfy their bosses and shareholders. One is focused on the short-term and the other is, by definition, a long-term concept. The two are not always in synch with one another.

Brand managers are primarily measured and assessed on their short-term results and when given a choice between making a decision that's in the best interest of the brand vs. making a decision that's in the best interest of their immediate career and income, they'll choose what's in their own best interest first. This may or may not always be in the best, long-term interest of the brand.

Let's face it. Price promotions and other marketing activities geared toward boosting short-term sales may make the brand look good by providing short-term bumps in sales, but these practices actually hurt brands in the long-run because they train consumers to wait for sales, stock-up when items go on sale or they simply reduce the likelihood that anyone will pay full price for a product or service.

When this happens you have a recipe for brand destruction.

A brand means that a product or service delivers superior and unique value that is worth a premium price.

Self-interest, laziness and simple lack of any unique product attributes cause the brand manager to fail to build, communicate and deliver that unique, superior value.

In the absence of unique value, pressure is placed upon low price and the destruction of the brand begins.

What's missing?

Of all of the information out there, of all the blogs and websites dedicated to marketing and branding, what information is missing?

What marketing topics do you wish were being covered but aren't? What aspects of marketing are not adequately addressed here or elsewhere?

Leave a comment or drop me an email and let me know.

This blog can go anywhere you want it to go, so tell me what's on your mind.

5 Truths About Branding

From guest speakers at the Rochester,NY chapter of The American Marketing Association's January luncheon.

http://www.ama-rochester.org/blogorama/2008/01/5-truths-about.html

Actually by my count, they've listed 13 but we won't hold that against them.

Speaking of brands that speak to the heart...

The Secret to All Great Communications
by Ted Nicholas

"The underlying secret to all great communications, writing or speaking, is understood by very few. And it's not taught in any school or university.

What comes from the heart goes to the heart.

It's so crucially important I'll say it again.

What comes from the heart goes to the heart.

What moves people to take action of any kind involves human emotion.

Yet, 99% of all writing appeals just to the mind. When you read it you are not touched emotionally. Magazines, newspapers and the Internet are almost entirely 'left brain writing.' It may be grammatically correct. But, it's extremely boring. And most of it is not read.

To get someone to first read, then respond to your message, you must capture their heart as well as their mind.

Appealing to the mind is the easy part. Many people can do that.

But few writers can capture people's hearts."

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This article excerpt appears courtesy of THE SUCCESS MARGIN, the Internet's most valuable success and marketing e-zine. For a complimentary subscription, visit http://clicks.aweber.com/y/ct/?l=Jk_gx&m=1fhztU.ewyt2_H&b=rR62kw1S2fEnClC4TTxLvg