Archive for May, 2010

The Gift of a Good Time

Thursday, May 27th, 2010

Those who know me well have heard countless stories about ‘Disneyland in the Desert’, when my nephew, Chase, would head west every summer.  It was a wild week of movies (13 in four days is our personal best), balloon rides, and a gazillion kisses from his Arizona grandma (my mom).  I knew we had fun, but never realized the impact of those trips until this conversation at his funeral:

Friend of Chase (FoC):  You’re Chase’s aunt from Arizona?

Me:  Maybe.  What did she do?

FoC:  Seriously.  He raved about his trips out there.  He had the best time hanging out with you.  He was so excited to go and when he came back, we’d hear all these stories about all the cool things you did with him.  He said that someday he was going to move to Arizona.  I want you to know how much he loved those trips…

Me:  speechless.

Wow.  I had no idea the impact of a good visit.  So as we kick off the summer vacation season, let’s remember that it’s not the lavishness of our adventures.  It’s the connections we create when we go off work mode.  And that track record is more important than whatever results we create with our clients.

As for Chase, he’s pain free now and hangin’ with his Arizona grandma.  Thanks, dude, for 22 years of fun.

New Opportunities in Ivory Towers

Tuesday, May 25th, 2010

Thanks to budget cuts at univerisities, Corporate America is expanding their marketing machines to academia.  Insiders are seeing more marketing events and sponsorship deals outside the athletic department and predict more to come.

This is good news for us, especially for experts prominent with students, or who have great content in areas such as financial literacy and careers.  Watch for an influx of cash for current student programs as well as sponsored lecture series to pop up.

Great place to start:  programs within the professional schools.  Look for introductions via the alumni associations.  To make the short list, outline what you will do to draw a crowd and increase brand awareness.  Happy hunting…

Major Recovery Here For 2010

Thursday, May 20th, 2010

Another area of rapid recovery this year:  sponsorships in general.  Industry giant EIG reports that Corporate America continues to be on the prowl for new deals this year.  Other interesting stats:

  • 66% report looking for new deals — slightly more than 2009’s uptick of 60%
  • Budget cuts are still around, but not as much:  31% say they will cut sponsorship spending this year; yes, this is good news as 51% decreased spending last year.  About half report the same budget for 2010.
  • 41% spend NOTHING to evaluate prospective partnerships.  Translation:  decisions are very subjective and “fit” is open to interpretation.
  • Speaking of fit, co-branding new products shot up in popularity this year.  For us content producing machines, this means joining forces with associations and other industry groups is a no-brainer.

Own What You Sell

Tuesday, May 18th, 2010

Watching with bemusement on who is selling what these days.  While I am a fan of expanding our repertoire, many folks are wildly exaggerating their expertise in areas that frankly, they have no business being in.  Just because branding and social media are big trends now doesn’t mean everyone should offer that service.  These poseurs are creating a class of walking wounded and more repair jobs than I care to take on.

The recovering economy has brought out the dabblers in many of us.  Result:  a new era of buyer beware.  If you’re in the market of getting help on the next big thing, go beyond the “here’s what you get” claims and ask this question:  How long have you given this advice and what is your track record in this area?  (Some folks are using their testimonials in one area to infer a good track record in their new area.  Not cool.)  Success in one area doesn’t demonstrate success in another.  Let’s be careful out there…

Hidden Opportunities on Healthcare Reform

Thursday, May 13th, 2010

At the risk of skating on thin ice, I just have to report in on some major whispering among insiders about the new healthcare reform.  Conventional wisdom has it that insurance companies will got into retail marketing mode to get customers who operate outside the employer plans.  This means more outreach and more targeted approaches aimed at diverse market segments.

And they aren’t the only players.  Watch for hospitals, physician groups and even pharma manufacturers to get into the act to a lesser extent.

Why do we care?  Two big categories of opportunities for experts:  1) more initiatives for marketing experts to help out on, more social media efforts for the geeks among us; and, 2) sponsorships will rise both in sports / events segments as well as associations.  And even better:  we have time to plant seeds in this fertile ground.  Marketing activity will go into full swing in 2013 and 2014.

Big Change in Association Sponsorship Deals

Tuesday, May 11th, 2010

Associations are retooling their sponsorship effort in light of the recovery.  Instead of a la carte deals for coffee breaks and speaker fees, many groups are pushing for multi-year relationships that go beyond their conferences and conventions.

Exhibit A:  Association of School Business Officials International (ASBO Int’l) tripled their sponsorship revenue from ‘06 to seven figures in ‘10 when they dumped 35 low-level deals for three packages:  strategic partner for ongoing success; event partners for meeting expenses; and affinity partners for those who provide discounts on products/services to members.

This trend will throw a monkey wrench into the speaker bringing in their own sponsors.  Your next best step:  Ask before you offer.  If the group has a system already in place, join the team by helping to promote the packages the associations have developed.

ROI For Your Content

Thursday, May 6th, 2010

The biggest question about content marketing:  where are the best outlets?  Social media networks are a great example.  They spring up like weeds after a rain, so it’s hard to know where to put your best brilliance.

Enter social media firm 97thFloor.  They did the heavy lifting for all of us who use social media with this handy little chart on the top ten networks.  They evaluated each for communicating with customers, getting our brand out there and, of course, generating traffic to our site.  Click here to get the chart.

Now that we know where to put our sound bites, let’s work on making them compelling.  That’s on my agenda for the next Extreme Mini Makeover call coming up this Tuesday.  Click here if you’d like to join me.

Spending is Booming for Content Marketing

Tuesday, May 4th, 2010

The “here, take my content” free-for-all is not letting up soon.  According to Junta42 2010 Content Marketing Research Study, we ain’t seen nothing yet.  Over 250 marketing pros had these findings:

  • Small companies spend more than twice what larger companies spend.  Small shops devote around 40% of their budget to marketing content.
  • Content marketing spending equals a little over 33 percent of total marketing budgets.
  • Six out of ten marketing pros report increases in content marketing spending in 2010.
  • Favorite outlets:  social media (72%), e-newsletters and blogs (both at 63%).

Why do we care?  Because if larger companies are spending major bucks to get their content out there, then we, as experts, need to match that investment.  Not in dollars — who can afford that?  Our content just has to be better.  And I’ve got a plan to do just that in the next Extreme Mini Makeover call next Tuesday, May 11th.  Click here if you’re ready to get out there and compete with the bigger players…