Posts Tagged ‘marketing plans’

Don’t Be A Greenwasher

Friday, July 18th, 2008

In a recent article and marketing tip we cautioned against greenwashing, the practice of overstating a product’s or company’s positive impact on the environment. Here’s more on the subject from a piece in the New York Times:

“With everyone from oil companies to dishwasher makers to banks trotting out their environmental credentials, complaints about greenwashing, or misleading consumers about a product’s environmental benefits, have risen.

The Advertising Standards Authority, an industry-financed group that monitors ad content in Britain, said it had received 561 complaints from consumers about green claims in 410 ads in 2007, up from 117 complaints about 83 ads the year before.

As regulators work out their response, bloggers and other Internet critics have already started to expose what they see as greenwash advertising.

According to Mike Lawrence, executive vice president for corporate responsibility at Cone, a brand strategy agency in Boston, the problem occurs when marketers make exaggerated claims about a product’s attributes, which may be fine when selling toothpaste or vacations. Most people probably know that the toothpaste will not actually make their teeth sparkle or help them get a date.

But when a company says its product will improve the environment, consumers can sense if the claim is puffed up, Mr. Lawrence said. “This can really backfire with environmental advertising,” he said.

To address this problem, agencies are advising marketers to avoid vague and unsubstantiated claims — the kind that bloggers and other critics are quick to pounce on. Instead, they suggest pointing to a specific step the advertiser has taken or asking consumers to take a small but concrete action.

For example, Procter & Gamble, which makes laundry detergent, has been running a campaign in Britain that urges consumers to conserve energy by washing clothing at 86 degrees Fahrenheit rather than at higher temperatures.”

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Mr. Potter’s Theory Applies To Marketing Too

Thursday, June 26th, 2008

In the movie “It’s a Wonderful Life,” Mr. Potter – the local Scrooge – reminds the main character, George Bailey, that, during the depression, he and George were the only people in town to keep their heads. When everybody else was panicking and selling off assets at a loss, the two of them were calmly riding out the storm…and they emerged from the depression better off for it.

That same logic also applies to marketing during today’s tough times. You could panic, lay off your company’s marketing staff, and hide your money under the mattress. Or you can look beyond the next few quarters and see that smarter marketing is actually what’s called for. It’s a topic we’ve covered before, and in her e-newsletter, Marcia Yudkin adds to the conversation. She writes:

“During a recession, scared businesses tend to cut back on marketing expenses. This appears to be the smart bet. After all, most customers have become more cautious about spending. So why not conserve your resources, wait out the downturn and have funds to spend when the economy picks up?

In fact, smart businesses expand during a recession because they know there will be a shakeout caused by the scared businesses shrinking.

During any recession, there are always more than enough clients out there to keep you busy if you continue to market, and market smartly. Capitalize on your strengths.

Make the most of your business relationships. Create or revive programs that enable customers to move ahead.

Above all, stay upbeat, putting the dynamics of self-fulfilling prophecies in your favor.

If you behave like the scared businesses, or target them, you will contract. If you market to the smart businesses during a recession, you will continue to prosper.”

Just as George Bailey did.

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As The Marketplace Turns

Friday, June 20th, 2008

In times of economic struggle, business slows down. For some companies, hard times lead to budget cuts, lay-offs, even closure. When the economy rebounds, the companies left standing are stronger for the struggle.

In times like these, it’s important to position your business to be on the top of the heap when the economy turns.

But how?

Shift your strategy.
Instead of growing your customer base, which is tough to do in a slow economy, concentrate on customer service and penetrating your existing customers. New customers are expensive to court, and the ROI isn’t apparent until they become regulars. Your current customers will generally spend more with you, and they’ll appreciate the attention.

Shore up your marketing.
Prepare your company for the eventual turn-around. Spruce up your website and prepare it for new visitors. Develop an innovative product or service. Create an email campaign to re-introduce your business to your customers. Companies who prepare won’t get caught with their pants down when business picks up.

Hone your processes.
Can you think of 1 process you have in place that’s a complete waste of everyone’s time? Evaluate your internal systems and trim the fat. Get rid of antiquated processes and implement more effective tools. You’ll find yourself more productive in no time.

Focus on your team.
It may smack of cheesy corporate retreats, but you don’t have to do the “trust” exercise to achieve team unity. Promote open communication on all levels. Encourage your staff to job-shadow each other to foster understanding and cooperation. Organize a company outing. (Business is slow, so you’re not losing much by closing the doors for a day and heading to the beach or to your neighborhood bar for a little co-worker camaraderie.)

Whatever you do, don’t put your head in the sand and wait for things to get better. With ingenuity and passion, all things are possible.

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New Technologies Make Broadcast Channels A Tough Sell

Friday, May 9th, 2008

People who own DVRs (Digital Video Recorders) and access television programming online watch fewer commercials. A lot fewer, according to an Adweek article by Brian Morrissey:

“The TV industry often touts the fact that DVR owners watch more TV than those with only ‘live’ programming. Yet DVR viewers frequently skip the commercials. Over 50 percent of respondents said they ‘always’ fast-forward through commercials, and another 36 percent said they skip them at least three-quarters of the time. Fully 85 percent of respondents said they watch fewer commercials since they got their DVRs.”

Traditional radio is struggling with the same problem. Satellite radio and music services, along with the iPod and similar devices, have made it much easier for listeners to actively avoid, not just radio advertising, but its programming as well.

These examples serve as another argument for intensifying the focus of your marketing messages on existing customers. Concentrate your marketing efforts on an audience that’s more open to what you have to say, not those trying to avoid your message. Those folks already in your database don’t need to be convinced that you’re a fine, upstanding company. They already know it.

Chances are good, though, they don’t know everything you can do for them. So work to educate them about all that you offer with the intent of increasing customer share, not market share. You can do this easily with On Hold Messaging, TeleGreeting and Point-Of-Purchase Audio. These tools allow you to communicate cost-effectively with your captive audiences – those that can’t change channels or fast forward: your callers on hold and the shoppers in your store.

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Recession Or Not, Don’t Stop Marketing!

Wednesday, January 23rd, 2008

Seems we can’t get through the day lately without hearing all about how the American economy is goin’ to hell in a hand basket. I’m certainly no economist so I can’t address whether it is or not, but in light of the current headlines I thought it important to reiterate a simple truth: when business slows down, it’s not a good idea to cut activity that drives sales – like marketing.

As support, I offer this excerpt from Jay Lipe’s “10 Commandments of Marketing.”

Thou Shalt Not Cut Marketing Spending During Slow Times

From 1980 to 1985, McGraw-Hill Research analyzed 600 companies and their marketing spending. After 1985, McGraw-Hill concluded that those firms which had maintained or increased their advertising during the recession in 1981-82 boasted an average sales growth of 275% over the next five years. But those companies who cut their advertising saw paltry sales growth over the next five years of just 19%. When is the right time to market your business? All the time.”

And here’s a piece from Advertising Age on how Kraft and Kellog’s are responding to lower 4th quarter earnings.

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Drawing The Line When It Comes To Line Extensions

Monday, January 7th, 2008

In 2007, we thought we’d seen it all. Skyrocketing oil prices, toys with lead-based paint, the Western wildfires, senators in bathroom stalls, and of course Sanjaya. And just when you thought things couldn’t get any worse, there they were: Precious Moments coffins.

According to the TippingSprung Brand Extension Survey, deeming the best and worst brand extensions for the second year in a row, the heart-warming keepsake-maker was one of the numerous brands that just œdidn’t know where to draw the line”when it came to line extensions.

In a poll of 785 Brandweek readers, the coffin was voted the most inappropriate extension followed closely by the Humane Society Dog Lovers Wine Club, and Girls Gone Wild apparel.

Since the œNew Coke debacle of the 80s, marketers have become more cautious with product extensions. But brand extensions? As time marches on, it seems all sense has gone out the door. Usually new developments are used to increase add-on sales to an already powerful portfolio. But too often, these new endeavors result in a straying from the core values of the brand, along with the associations consumers have tied to it.

It’s been proven”one mistake and a company can dilute or even severely damage the brand they have spent years building. When you raise eyebrows, you raise doubts.

Brands that did it right, however, proved that you can capitalize on the core values that make you strong, but still can differentiate in a positive way. PetSmart PetsHotel was voted best brand extension overall; Curves Cereal finished a strong first in the food extension category; and The Food Network was tops with its kitchenware line. Innovative, successful”these brands know how to play their hand.

And as America’s preoccupation with celebrities continues to climb, it seems that a classic will still win over the audience. Newman’s Own released a new wine line that was to the liking of 75% of the respondents. On the other hand, The Jeff Gordon Collection of Fine Wines bombed, with an over 90% disapproval rate. I’m not going to touch that one.

It seems that certain companies may need a call back to the basics; a reminder to “Keep It Simple, Stupid.” When designing a brand hierarchy, think commonality. Think relevance. And above all, think simplicity. And if none of that helps, think about what your brand would look like in a Precious Moments coffin.

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A New “Stage” For Your Marketing

Wednesday, October 11th, 2006

I recently read about a technique called Home Staging in which you prepare a home for sale by changing the interior design to improve the odds of a quick sale. But the first step in Home Staging has nothing to do with moving furniture. You start by retiring your memories of the place that was your home for many years. Then you can look at the structure with new eyes’ those of a potential buyer.

How many of us cling to the same marketing concept for years? Maybe you rearrange it a bit every now and then, like you might relocate the couch or a recliner to different sides of your living room rather than redecorating.

If you want to inject new life into your marketing to improve sales, consider “retiring” your current concept and looking at your service or product from the eyes of the customer. What do they want to know about your service or product and the value it has for them?

The familiar comfort of a tried and true marketing concept might not amount to much for those who haven’t lived with it as you have. Look at your marketing with new eyes and see what customers would want from what you have to offer.

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