10 Ways to impact growth in 2009

15 12 2008

I can’t imagine a single educated person in a position of influence that hasn’t been affected by the negative news of late. Market volatility, political changes, bailouts and an overall uneasiness of stability has defined 2008. How will YOU prepare for a better 2009?

Things are no different here at The Impact Group. We are a full service marketing communications agency in Hudson, Ohio. We are experiencing clients and prospects that are taking a longer time to make decisions, shrinking budgets, disappearing cash flow.

The time is now to create a better growth strategy. Exclusively using the same marketing methods of the past and not incorporating “new media” will be a major mistake for organizations trying to thrive in this time of survival.

Understanding the shifts in the way people obtain and share information will be a critical component of marketing success in 2009. Being able to quickly apply that understanding into marketing outreach campaigns (social media marketing, online publicity, online marketing) that complement past / current methods (print materials, web, advertising, direct mail) is THE challenge for marketers in 2009.

The Impact Group has come up with 10 points to think about for a solid growth strategy in 2009.

1. Redesign your brand. What does a new car, new outfit, new haircut or a new coat of paint do to the psyche? The same thing a fresh corporate identity make-over can do to an organization. Even a modest change to an organization’s look can provide new energy to employees, media opportunities, excitement to current customers and new business opportunities. Check out some samples: Portfolio of work

2. Video Video Video!!! With the advances of video compression technology, video has never been easier to use for marketing purposes. Video is 5 times more effective than print for someone to remember your message, so throw away the print and replace it with video wherever possible. Use a video spokesperson to explain your website as people visit your homepage. (Sample: www.igpr.com) Incorporate video email for your sales and marketing outreach. Post video explanations and commercials of your products and services on your website (podcasts) and on sources like youtube. (Sample: www.trinitypension.com) 2009 will be the year direct mail will take a back seat to video email campaigns in cost efficiency and effectiveness. Get started before your competitors figure it out! More info on the effectiveness of video – http://www.vidpro.org/videomkt.htm

3. Listen to your customers. I can’t think of a better way to recalibrate your marketing message for 2009 than the recommendations from the customers buying your product in 2008. Do you have a simple print survey that can go in your invoices? How about an online survey that when completed, provides a coupon? We encourage gathering satisfaction data and recommendations year round. There are more comprehensive methods like focus groups, surveys, polls that can provide statistical certainty to strategic directions. I recommend starting with getting into your car to visit a few of your best customers, wish them a happy holiday, tell them why you appreciate their business and ask them for advice on how you might be able to grow into next year. Free marketing advice from the people that already buy your product can give you some good ideas for your 2009 growth strategy.

4. Social media marketing! The major trend in successful marketing is moving from the high impression factors of the past (one Super Bowl commercial brings 50 million + impressions on a broad audience for a 1 outreach : 50,000,000 target ratio) to the PERSONAL impression factor (1 personal trusted message : one target). This trend of one to one marketing can be most effectively done through online social networks. With the rapidly growing use of MySpace and Facebook and the ability to publicly follow a person or organization on Twitter, one to one marketing is ready for the savvy marketer to make an immediate and powerful impact. Read more on Social media marketing – http://en.wikipedia.org/wiki/Social_media_marketing and Social Media Marketing

5. Blog. 2008 was a year of exploring how blogging could impact an organization’s marketing efforts. Blogging (if done effectively) showed a powerful marketing ability to drive relevant traffic on a website, influence credibility for a product or service, grab mainstream media attention, and shape consumer behaviors. Blogging is providing the ability for the smaller company to have a louder voice. Read more on Blogging – http://en.wikipedia.org/wiki/Blog

6. Online publicity. The web has provided small and large organizations alike a wonderful medium for disseminating news. Public relations, which used to be reserved for mainstream media, is now more effective when implemented through online channels – called Online Publicity. Not only do the major media receive notice of your news, but individuals and organizations can receive info directly to their inbox through things like GoogleAlerts and RSS feeds. Getting your news online – through your website, blogs, news sites, social media, and others – can make a huge impact in 2009.

7. Hire experts. Most organizations trust a CPA for their tax filings, attorneys for legal issues and doctors for medical matters. The problem with “expert” marketers is that there isn’t a universal accepted and measured accreditation like the previously mentioned professions. Most marketing firms are a few folks that took a couple design courses and now lay claim to most marketing capabilities. On the other end of the spectrum are the extremely expensive large agencies that need their invoices to match their high rent and huge payrolls. Check out this article on small vs large agencies for some thoughts. http://adage.com/smallagency/post?article_id=111233  Marketing techniques have gotten very complex due to the reliance of new technology and the critical timing of delivery. The right marketing group will help you create and implement a growth strategy for your organization and allow you to streamline resources. How to select an agency – www.ehow.com/how_2052377_select-right-marketing-firm.html  Start your agency search – www.igpr.com

8. Redefine your marketing message. Is your marketing message brief, simple to understand, interesting and able to distinguish you from your competition? Is it easy for someone interested in your product or service to get information in order to make a buying decision? What are the sound bytes? Everyone is too busy and you are competing against a world of information being thrown at your potential next customer. Your message must be able to cut through and motivate specific action.

9. Rebuild your web site. Most web sites are now outdated in information, technology and appearance. With the low costs of web technologies and the high value a good site brings to an organization, your website has to be a top priority in 2009. The ability for your products and services to show up on the top of the search engines is so important for growth. Your website appearance and relevance will be one of the main factors of establishing credibility in your future customers. Your website should be the centerpiece of the way you market.

10. Get your story told in the news. I’ve already talked about getting your news on the web. But, print and broadcast PR opportunities still exist in a big way. There are niche magazines for just about every industry in the world. And, while most news in a down economy is doom and gloom, media outlets are looking for positive, uplifting stories to tell. Getting the word out about that new client you landed, the product launching or the new hire…all these things are welcomed good news to the media, AND your prospects, clients and employees!

2009 has the potential to be a banner year, if you approach it with enthusiasm and knowledge. Take these points to heart. And, let us know how we can help. www.igpr.com

Don
dpolyak@igpr.com

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What’s “The Big Idea?”

29 07 2008

I’m reading in Entrepreneur Magazine recently about a relatively new company called NiteSweatz. They produce sleepwear with wicking material to help those who, for any number of reasons, sweat at night. Brilliant, right? Right!

A few weeks later, my wife is complaining about being hot at night and sweating a lot while she sleeps. I immediately think of NiteSweatz. BUT, I was not aware of the funky spelling. So, when I typed in “Night Sweats” I got an array of options. After narrowing my search and realizing the spelling, I happened upon a result in the listings for NiteSweatz on The Big Idea (a TV show on CNBC). Not knowing it was a show at the time, I clicked with interest. Sure enough, there is the founder of NiteSweatz being interview by Donny Deutsch on a show called The Big Idea – a show that’s dedicated to sharing information about new products, new companies, business growth ideas, etc.

This was a month or so ago. This past weekend, we’re flipping through the channels and up pops Donny Deutsch and The Big Idea on CNBC, so I stick with the show for a while. And, to my amazement, I realize this appears to be a show that was created for…Public Relations!

It is a fast-paced show, moving from topic to topic and guest to guest in seconds. The topic of discussion this night was “How to make good money in bad times.” Not a bad subject! There were panels of experts in real estate, innovation consulting, banking; and there were questions that came in from people via email, phone and even video. But, what’s cool about it is the opportunity for PR. If you happen to be an expert in a certain industry, this is a great opportunity to share your expertise. If you’re a start-up, or a company that has a great new/innovative product or service, The Big Idea looks like a great place to get noticed.

Now, because of the quick pace and insane jumping around, you may be mentioned along with 20-30 other great new products or companies; but that’s what it’s there for. It’s a show for businesspeople; businesspeople who are interested in the next Big Idea!

So, if you think you have a Big Idea; or if you can present yourself as an expert in your industry, consider The Big Idea. It might just give you your “Big Break!”