Year: 2009

03 Mar 2009
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Scarcity Creates Demand

Girl Scout Cookies.
They are only here once a year. People purchase cases of the things because they are scarce 11 months of the year.

What a great way to create buzz, word of mouth marketing and PR.

McDonald’s does the same thing with the McRib. There are fanatical followers of the McRib all across this country and they talk and talk and talk about it. Does your company have such loyal followers? If not, you should look into how to implement a strategy like that.

I have always said that Krispy Kreme ruined their business model by expanding their products into retail establishments. I remember when they opened the first Denver location. There were lines out the door day in and day out. People who actually got through the line and purchased donuts were treated like Charlie Bucket finding Willy Wonka’s golden ticket!! People talked about it, a lot! The demand for those donuts were through the roof!! In addition, the local media were constantly doing a story on the store. TV, radio, the newspaper. They were there everyday! You can’t pay for that much exposure!

Scarcity can create such great viral marketing, it maybe something to consider….

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24 Feb 2009
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Never Imply Permission

During the course of my work, I happen upon some very upsetting trends and events that do nothing but damage someone’s credibility, trust and personal brand. In addition, if those events people are participating in are under the umbrella of their employer, it is damaging that company’s brand as well.

Several months ago, my marketing assistant quit unexpectedly and I needed to get someone in to fill that position immediately. Our Accounting Manager uses a recruiting company on a regular basis and suggested I contact them. Since this was my first time using a placement service, I was a little skeptical that they could fill my need with a person of the correct skill set. After was all said and done, I had a competent, resourceful and pleasant assistant jumping right into the thick of things and doing a satisfactory job.

What happened after this is what upsets me.

To use this service, an Account Manager from the placement company visited me asking relevant questions about the position and what my requirements were. Now, that isn’t the issue I have with the process. That comes with the territory. What I do have an issue with is the inundation of spam emails I now receive from the Account Manager.

During the course of the meetings, I gave her my business card which has my email address on it. However, this does not imply I would now like to receive emails from her outlining potential candidates with accounting, finance and legal expertise. I work in the Marketing Dept! Why would I need to know about applicants outside of my discipline? The short answer is: I do not.

She assumed that it is ok to start sending me emails without asking me if she could. During the course of our conversations, she was told that I do not have a large or even moderate need for her staffing services. In spite of that, I start receiving spam. Let’s face it. That is what it is. It is unsolicited and it is boilerplate.

She has damaged her credibility and trust with me. In fact, I am not sure if I do have a need in the future if she will be the one I call. If she had generated some content that I would be of interest or benefit to me and was providing it to me to make my life easier, it would have boosted her brand with me.

The old school sales tactics are not going to get people the same results anymore. In fact, they are going to start hurting them more than ever.

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13 Feb 2009
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Gratuitous Self Promotion

This post doesn’t have any topic that may help in the business world or even you personal life. It is completely self serving to myself and my business partner.

The new website www.thecrushproject.com is where we are attempting to collect real accounts of people’s crushes they have had over the years. We hear about them in social situations at the pub or dinner parties and they are a huge topic of conversation.
We think people want to hear these stories, so thecrushproject.com was created. We encourage anyone and everyone to share with us the romantic experiences that have shaped their lives. Please keep it classy and do not get into sexual specifics. That is not what we want to hear(well maybe some of us).

We hope this can help people share their experiences and/or release a burden. We also think we all want to hear real stories from real people.

Enjoy!

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05 Feb 2009
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Phelps has fallen? No surprise here…

So America’s golden boy, Michael Phelps, has fallen from the good graces of the public. I am not surprised. The man is 23 years old and for all his life has been living under the scrutiny of public life. Not to mention the scrutiny of an American athlete. No wonder he wants to blow off some steam. The problem: he got caught.

Although he has made a mistake and it cost him dearly, he is handling this with professionalism and surprising maturity. Either he is very smart or his publicist is on top of things. I am guessing the latter.  His personal brand has been tarnished. This is an enormous issue since the majority of his income is based on his brand. Sponsorship deals are making him a multi-millionaire. How should you handle a mistake? Exactly how Phelps handled it. He immediately admitted his mistake and apologized for it.
We should all follow this example, not only in our personal lives, but in our professional lives as well. When your product or service has failed someone’s expectations, admit that you did wrong. No one person/company/product/service is perfect and the ball will be dropped sooner or later. What matters is how you handle the situation when it does. Be honest. Ask for forgiveness. And make moves to ensure the issue doesn’t happen again. People are surprisingly forgiving when you address problems like that. They are less forgiving when they know you are lying or pointing fingers somewhere else.

So, it comes down to this: Phelps’ lucrative sponsorship deals are in jeopardy. Rosetta Stone has not renewed his contract, but it had expired prior to the release of the picture. Omega and Speedo have stuck by him. A few other sponsors have dropped him, but that is going to happen.

Phelps will be ok. America will forgive him and he will be pulling in more gold metals in 2012. Let’s just hope he doesn’t test positive for steroids. Then it would get serious. See: A-Rod

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28 Jan 2009
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Shocker!! USPS is cutting out a day of mail.

If you are a US Postal worker, I would start refreshing my resume. You will soon be out of a job.

Today, the Postmaster General told Congress that they may need to cut one day out of postal delivery.(full article here) Only ONE?? Although I am a proponent of an integrated marketing campaign which can include direct mail, I have know for quite a while now that the physical delivery of paper mail pieces is going away. And soon….

Many large companies have already given people the option of going green by not receiving paper bills. I for one, welcome the alternative: a quick email with a pdf of my bill. It is much easier to track and less of a hassle. With online bill pay systems in place as well, I never even have to respond to the bill. The money comes straight out of my bank account. Talk about convenience!

Direct mail is not far behind. For years, people have complained about all the “junk” mail they receive on a daily basis. Because they are so inundated with it, the vast majority of it goes directly to the trash can. In fact, at my mailbox, there is a trash can directly next to the rows of boxes and is full everyday!
If these pieces didn’t interest me from a design perspective, I, too, would place them directly in the round file cabinet.
In addition to that, the green trend isn’t going away anytime soon and some people see direct mail as wasting earth’s resources, which I can partially agree with. So Direct Mail will also be facing an increased campaign against it. That is a very uphill battle and backers of direct mail better start to prepare for it, if they even want to fight. Long term, direct mail is going to lose.
Social Media is also rising in relevance and people are using that medium as a very successful marketing tool. This tool will start to cannibalize direct mail even more than it is now. Direct mail utilizes a lot of resources: material and financial. Social media takes place in the virtual world and is free, it’s reach is broader and more relevant. Which one would you choose?

So, unfortunately for postal workers, your days of job security are limited. Please read the writing on the wall and start pursuing new skills. This will be an opportunity for you to start a career that you have always wanted. This is the push you need. Otherwise you will be part of the millions on unemployment.

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21 Jan 2009
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Reality

Since everyone is talking about the inauguration and political topics, I am not. There are some very applicable marketing topics that pertain to President Obama such as Personal Branding and how people perceive you, but I will save those for a later time.

Two days ago, I was at work and the phone rang. Our receptionist had already gone home for the day, so I picked up the handset. What did I hear? nothing…….for almost 5 seconds.

I was just about to hang up when I heard a click and a voice says, ” Uh, yeah, Hi. Is Mr. So-in-so there?”

Telemarketer…..

I am very surprised people still use this kind of tactic. Not only is it labor intensive, it is VERY expensive. Below are the TOP three reasons not to employ a telemarketing strategy. ( there are many more than three, but I will keep it simple)

1. You are killing you brand. The telemarketing initiative meets with an enormous barrier. I do not know any one person that enjoys getting an unsolicited sales call from a stranger trying to sell them on God knows what! If you do happen to keep that person from hanging up on you, they are immediately defensive and angry. This creates a negative impression about your company and your brand.

2. In no way are you creating a lasting, real and authentic relationship with you customer. You may make a sale, yes, but you are going to have to do that every time for every sale. There isn’t going to be any revenue over the life of the customer. ( I guess it depends on what you are selling, but normally, you will have to repeat this process over and over and over)

3. You are wasting you money that can be used in other more effective mediums like, oh I don’t know, the internet!!!! Why in God’s name would you lease a building, pay for furniture, run phone lines, hire loads of people, train them, etc when you can create a website with great content that people can interact and learn about you and your products. Then create a blog (free), social media (free) and other internet outlets (most are free) and start interacting with your clients in a real way.

Now, this tactic may work for some and they may support it wholeheartedly, but i would never suggest to my company or my clients to do this when there are so many other great ways to reach your market.

Photos provided by www.freefoto.com

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09 Jan 2009
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You aren’t very smart

Bill Gates is a smart man.

Stephen Hawking is a genius.

Are you as smart as these two men?

Yes, you are.

Can you practice Theoretical Physics?

Can you program an operating system?

Probably not.

But, you can educate yourself to do whatever it is you want to do.

However, there are a variety of reasons not to chase your idea. Fear is a big one. Laziness is another. I have actually heard people say, “I’m not smart enough to have my own business.” What’s not smart enough is that statement. Of course you are smart enough to own your own business. Overcoming those barriers that stop you from implementing that business or idea will make you smart enough. Now, this isn’t some kind of pep talk or motivational speech that I am trying inspire you to “reach for the stars” and to make you feel good. (although I hope it does)

My point is that most innovative people have one important characteristic in common………Execution.

They have an idea that motivates them to do what: Act On It. That is the difference between success and mediocrity. The guts to move forward with your idea and pursue it with unwavering passion is what can make you a leader. And that is what will make you a success.

If that isn’t what you want, by all means, stick to the status quo. Work your 40 hours a week and collect your paycheck every two weeks. That is ok. Some people are satisfied with that. I am talking to those people who want to be remarkable. Who want to work on something fun and interesting. Who want to lead people and organizations.
This thing we call the internet has opened so many opportunities to people that boldly chase their ideas. The ideas are out there and you have had some.

Act on them.

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