Archive for the ‘Marekting Mix’ Category

Why everyone should be a marketer

March 9, 2015

The world revolves around trade, commerce, selling and marketing. I have been involved in marketing and sales from a young age of 13 with my first business of Flyer Distribution. Since then I have been a sales person, marketer, corporate marketer, marketing educator at the Undergraduate and Graduate and then then marketer again. Here is the one thing that I have learned.

You can never take your eye off the marketing throttle, and you must have the lead flow, marketing funnel constantly being filled. Now that is easy to say but hard to do.

The simplicity of the statement the complexity of the statement. Sales is the Parent of Marketing according to Eban Pagen, marketing is sales that has been stylized across many mediums so that we can talk to many people vs 1:1.

Packaging, tools that you use, social media, traditional media, TV, direct mail, branding is is all there and should all be used.

Everything we do is marketing first and foremost.

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Why I love the NCAA tournament and Why you should to

March 17, 2014

Hope springs eternal. The March Madness countdown has started. The tournament, the Cinderella Stories, you name it it all happens in this tournament.

It is also one of the best marketing case studies out their. This year, we have Warren Buffet in the mix, Mobile Marketing will play a huge part and ads are almost has expensive has the Super Bowl.

Everyone is trying to tie into the tournament. How about your business? Are you trying to tie yourself and your company to the brackets, the tournament a college? Something at the very least… like a blog post.

Why are Direct Mail Still Rocks for SMB’s

November 20, 2013

A great post from Allen Rosen’s Fall Newsletter

 

“Online marketing, which includes electronic ads, targeted emails and
revenues from selling information to brokers, is about a $62 billion
industry.”
Kenneth Roseborough, owner of Money Mailer in Maryland reports
that “People get caught up in the digital age, but they find they have
to go back to paper. A lot of people want to see something in their
hand like a coupon, and not just an electronic image on their
smartphone or other device.
“Coupons are particularly effective as customers seek better value in
leaner times.”
There’s another reason to use direct mail. The study says, “The
electronic advertising industry has come under fire recently as
officials and others cite concerns over privacy in using targeted
emails that pick up characteristics of online users through “cookies”
— electronic tracking messages — and other methods.”
“New regulations that would stop the exchange of electronic data due
to privacy and other concerns would affect $110 billion in revenue to
the U.S. economy and 478,000 jobs.”
Mark Twain once wrote, “Put all your eggs in one basket and then
watch that basket!”
But that’s just not a good idea in marketing. Clients who integrate
social and digital marketing and direct mail usually have far better
returns than just one media.

The Where of Your Business

November 17, 2013

The Where if your business. Where do you customers buy your product? Where do they consume your product? Where do their customers use your product? Where do you sell your product? Where do you want to sell your product? Where should your product be sold? Where do you want to take your business? Where do your customers want you to take your business? Where do your serve your customers?

Marketing March Madness with My Brackets for Marketing Success

March 14, 2012

RSVP March Madness Marketing Brackets

Here are my favorite Marketing Tactics all set up in bracketology lets see who wins

Marketing March Madness with My Brackets for Marketing Success

March 14, 2012

RSVP March Madness Marketing Brackets

Here are my favorite Marketing Tactics all set up in bracketology lets see who wins

What works in marketing to the affluent form Alan Rosenspan’s Blog

February 18, 2012

Marketing to the Affluent

We just completed an article called, “Who Wants to Market to a Millionaire” and I’d like to share some of the highlights with you:

How do wealthy people treat advertising and direct mail? Do they respond to different approaches? And what should you consider when marketing to the super-affluent?

The opportunity is huge, because today, there are more affluent people than ever before. There are an estimated 5 million millionaires in the U.S., and 267 billionaires.

Before I continue, let me confess that I’m not one of them. This is only because I have carefully invested in buying books, watching movies, visiting good restaurants, and going on great vacations.

But I have worked for several companies that market to the affluent, including Steinway Pianos, The Private Bank and J.P. Morgan (before the merger) and I’ve learned a great deal.


The Millionaire Next Door

For a deeper understanding of the affluent market, I recommend reading the best seller, “The Millionaire Next Door” by Thomas Stanley and William Danko.

The authors were commissioned by an international trust company to do a focus group of people worth at least $10 million.

Now they couldn’t offer to pay these multi-millionaires — it might even be considered an insult. So they hired two gourmet food “designers” to create a buffet that included four different pates and three kinds of caviar.

The first multi-millionaire to arrive was offered a glass of wine — very expensive 1970 Bordeaux. He replied, “I drink Scotch and two kinds of beer — Budweiser and Free!

By the end of the two-hour focus group, not a single person had touched the pate or the vintage wines.

The book continues with, “Today, we are much wiser about the lifestyles of the affluent. When we interview millionaires these days, we provide them with coffee, tea, soft drinks, beer, scotch and club sandwiches. Of course, we also pay them between $100. and $200 apiece.”


What Motivates the Affluent?

Another source of information about the affluent consumer is the Robb Report, a glossy 250-page magazine with about 10 times as many ads as articles. It sells for only $7.99 an issue, but it can be hard to find. I got my copy — the 25th anniversary issue — in the lobby of the most expensive hotel in Boston. What do rich people buy? Here are some examples of the things that have been advertised:

• A sterling silver tennis ball can for $1,750.

• A brick from Al Capone’s St. Valentine’s Day Massacre Wall — which has “seized the interest and imagination of collectors and crime buffs from around the world.”

• The “world’s most expensive bow tie” in 24-karat gold with 22 karats of inlaid diamonds for $140,000.

• Noble Titles — “Acquire with confidence an authentic Scottish title of Baron or French Title of Marquis, Count or Baron.”

• An 18-karat gold Space Traveler’s Watch which displays mean time, star time, the age and phase of the moon, for $350,000.

But rather tellingly, there are also ads for:

• Earn $10,000+ monthly within 6 weeks, and:

• Make $4,000 per day playing baccarat.

My favorite ad is “TP for the VIP” — customized toilet paper imprinted with the name of your boat, your airplane or business — or any photograph you choose — 8 rolls for $49.95.

Who do you want to get even with?

 

What Techniques Seem to Work?

Here are some ideas you may want to consider when developing a program towards the affluent market.

1. Affluent people love to save money — that’s probably how they became affluent.

Even the prestigious Robb Report includes a bind-in BRC with a subscription offer — save 35% off the cover price! — just like People magazine and Guns and Ammo. And in a recent issue, they ran an advertisement for used cars. (Okay, it was for Rolls Royce — and they called them pre-owned, but they were used)

2. Affluent people like to be acknowledged as affluent.

However, when it comes to direct mail, you need to be careful. An outer envelope headline that identifies the prospect as a wealthy individual may be a breach of their privacy, and even raise security issues.

3. Affluent people also like to be acknowledged as something more than just affluent.

They’re not just richer — they’re smarter, more sophisticated, more demanding, more worldly. They’re connoisseurs, collectors, gourmets. A recent ad for Aglaia Jewelry had this headline; “Your aspiration for perfection is your essence.” Not your bank balance, apparently. And our most successful positioning for The Private Bank was “Why do so many affluent and accomplished people rely on The Private Bank?” (Italics added)

4. Affluent people respond to exclusivity.

They long to be charter members, or even charter subscribers. They want to believe they are in good company, with access to things that are beyond the rest of us.

5. Affluent people want the things that money can’t buy.

One of my favorite techniques for marketing to affluent people is to offer them something that their money can’t buy. It may be information on the best beaches in the world, or a listing of the 10 most exclusive hotels. It may be meeting a famous celebrity, or sports star, someone that would not normally be accessible. It may even be an experience that cannot be duplicated. I ended the article with the following:

Alan Rosenspan is incredibly wealthy — he has a loving wife, two beautiful children, and two highly affectionate, if not obedient, dogs.

Is Social So OVER?

July 23, 2011

The last few days I have been thinking about social media and its play/future in the marketing mix of the future and I began thinking about is social media over? I read a quote the other day that today’s business coaches are yesterdays real estate agents and life coaches. Could that be also said about social media “experts”

Yesterday on CNBC interview an social media start-up CEO exclaimed, much to the chargrin of his VC onlooker that Apple is the most talked about company in social media channels BUT has no social media presence at all. None. Now that caused  me to pause and think about what I have been thinking about over the past few months.

But the two questions that I ask is where if anywhere does social media play out and is it dead? Or was it never really anything.

Come on lets get real if Jeffery Gitmore is writing books about Social Media didn’t we really know its time was over.