Time to "Re-Balance?"

OK, so the economy sucks, and we've all lost a good amount of money in our investment portfolios. And yet, a whole lot of television commercials, billboards, print ads and radio spots are hounding us about "re-balancing our portfolios."

It got me thinking. Shouldn't smart marketers also consider re-balancing their marketing budgets as a result of these trying economic times?

Just because you've ALWAYS done something one way doesn't mean you need to go on repeating the same thing over and over. Remember Einstein's definition of insanity -- doing the same thing over and over again and expecting a different result.

If you want to change your marketing results, it just may be time to re-balance your marketing portfolio.

Several new and existing clients have come to us recently asking us to take a look at their overall marketing expenditures. In every case we were able to point out a large number of wasted expenditures -- primarily advertising buys that remain on schedules because they've "always been there," or because "the ad rep buys me a bottle of Maker's Mark every Christmas."

But the world has changed. Unless you are confident that ALL of your marketing and communication expenditures are delivering a real return on your investment (and not just another cost headed straight to the wrong side of the balance sheet), it's probably time to change your way of thinking too.

In flush times, it's easy to just continue doing what you've always done, because, well, we were all making good money, right? And what "worked" from a marketing standpoint wasn't nearly as critical as it is now, during the "Great Recession."

Posted by John Lonsdorf
President
R&J Public Relations
www.RandJpr.com

Riding the Social Media Wave

The wave of social media options is very real and connected. Why would you blog... unless your insights might change the thoughts and patterns of behaviors, generating traffic to your offering.

Why would you need a podcast... unless you are a speaker and your off the cuff presentations go undocumented. Why would you want to tweet... unless your prospective customers are identifying themselves with quick keywords showing their need. Why do you need a youtube video... unless your sincerity and knowledge, whit and humor transcend the attention-span of an over-saturated audience. People like the spontaneity, accessibility and control of the Web. the ability to click where they want... surfing in a seemingly random pattern.

...But we know the truth about the Internet. True randomness evaporates under the crush of data-driven marketing and user pattern identifiers. If you doubt that randomness is gone, think about the google of yesteryear. When you used to be able to search something and get various papers, and expert opinions from academia, researchers, and government resources. Now, paid placement exerts its muscle, racking up the first 500,000 organic returned searches. (Oh, it's not 'paid' as in, 'I bought an ad'... but certainly paid to an individual or firm that specializes in ranking.)

You might think, in reading this, that I object. Not a chance. For every media that becomes commercialized, my work evolves. My company's offerings are adapted to meet the constantly evolving needs of marketers for strategy, design and technology combinations that accurately convey their offerings to their audiences. Marketing plans are more diverse, integrated, and results-driven. In a very short time, marketers have changed from asking, "How do I get a Content Management System (CMS) for my Website?" to asking "How can my CMS drive my mobile, print and eNewsletter promotions?"

Social media marketing supports sales basics. Like, trust, use. It takes the giant funnel of people and, based on data, drives the connections to the ones who might use your product or service. the creativity, language and design allow an individual to like the offer (or the person). The virtual connections and validity of network can demonstrate a foundation on which transactional trust can exist. The online user is lulled into thinking they ever had a choice which way the current was headed... Truly strategic marketers have taken this into consideration. Money once spent on prime time advertising has been diverted to virtual currents.

I'm certain the next wave is rapidly approaching.

Wendy Flanagan
Co-President
Murray
http://www.murraymedia.com
908-362-8174 x111

Ad agency increases client base using Social Media

Here's another interesting article by the same guy as my last post. In this article he writes about a small ad agency in Lafayette, LA which is increasing their client base by leaps and bounds using social media. They are not going on pitch meetings, but are fielding calls from all over the country due to their expertise in leveraging social media.

Check it out. Interesting case study.