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High-Tech Media: The
Marketing Superhighway
Media is evolving. This means sticking to traditional
media or using media in traditional ways can leave you looking for
profits.
This electronic age has caused other things to change.
The Sears Catalog, once an institution in this country, has seen it’s
demise, as will many of the traditional ‘catalog’ approaches.
Instead, you’ll see more interactive shopping programs, more catalogs
on CD or digital video instead of the old ‘paper’ varieties, and you’ll
find the entire shape of marketing changing.
The advances in technology will influence the nature of
how we all do business, big company or small. And, you’ll see as we
delve further into the topic of using technology in marketing, there may
be good reason, even for your small business, to abandon traditional
media and methods for a more modern approach.
Using technology in marketing is absolutely necessary.
For even if your competition isn't using it now, they're investigating
it and will soon employ its vast possibilities.
In fact, when I do seminars around the country, everyone
wants to know "what's new in marketing?" Well, what's new is
technology. And although using technology can play an integral part in
keeping costs down and results up, there's no magic to technology in and
of itself. It is a tool. You have lots of tools from which to choose.
None will do you any good unless you truly learn how and when to use
them. Then, you must use each tool to help you fulfill a critical part
of the marketing process.
There's no magic to the Internet. But it's a great tool.
There's no magic to interactive disk presentations --
but if used properly, they can increase leads and sales substantially.
So for the purpose of knowing what high tech tools are
available to you, and how they might be included in your marketing plan,
let's look at the shopping list.
Each of these can have a very useful part in your
marketing program. None will create positive results without a
well-thought-out function they will serve in your marketing program.
But let's take a look at each and at some of the
possible applications for which you might find them useful.
FAX Broadcast
Fax has gotten far more powerful since its capabilities
have been automated. Broadcast fax allows you to communicate your
faxable message to anyone in your database, directly from your computer,
with the push of one button (well, maybe a couple). You can sort and
select recipients based upon unique factors like the city they live in,
their preferences as to brand names, or any other data you store. That
way, you can create specific and highly targeted promotional pieces,
newsletters, price lists, or other information and fax it to them over
night.
Be cautious about broadcast faxing to 'cold' lists, or
individuals who have never done business with you. It may be illegal, so
check before you leap! The Attorney General of Florida was quick to
correct my mistake with a 'cease and desist' letter about using the
practice there.
Broadcast fax, on a small scale (up to about 500 pieces
per night) can be handled from your personal computer with a $79 piece
of software called WinFax Pro from Delrina. Large scale broadcasts would
be best handled by a service bureau.
Internet, World Wide Web &
Other On Line Services
"Build it and they will come." The movie Field
of Dreams surely made that line famous. And entrepreneurs have been
hoping it would be true since the beginning of commercial trade.
There are companies making millions of dollars in sales
every year on the Internet. But most aren't.
The Internet has fabulous possibilities to help you
expand your business internationally, reduce marketing communications
cost by offering a depth of information on-line, and it opens up to you
a world of research that is hard to fathom.
But the reality is that just because you have a
"home page" on the Internet, doesn't mean you're going to get
anyone to visit it! You must promote the use of your home page through
all your marketing communications, networking, and other activities, and
then, when you have educated enough people to start looking for you
there, can you consider the Internet a viable communication tool.
It is a fact that a home page doesn't cost much to have
on the Internet (World Wide Web is more accurate). The Web seems to be
the new media with the most sex appeal. Consequently, everybody's racing
to get on.
I encourage you to do so, but with reasonable
expectations. You'll need a good "home page developer" to
create your page, an "IPP," Internet Presence Provider,
providing server (computer) space for your home page, and an ISP, or
Internet Service Provider if you want to have access yourself (and you
will). And, you'll need a well-thought-out plan to make this a
profitable tool.
Disk Brochures & Catalogs
Paper is fast becoming obsolete, and far less effective
in this world of video, TV, Internet, and all the glitzy animation and
special effects that add "sizzle" to all of them. I know,
you're comfortable with paper fliers and brochures. And maybe you even
know a little about page layout and design so you can keep your costs
down. That's all well and good, and you may well use many of the
traditional 'paper' marketing communications tools in your marketing
mix, but consider some facts about CD's and disks as marketing
communication media.
First of all, let's do a comparison of potential results
from different kinds of media you may have used or with which you are at
least familiar.
Direct mail -- traditionally a paper brochure, letter
and reply card, catalog, or similar type of configuration -- usually
with one or more "paper" elements.
If you've used direct mail, or heard people talk about
response rates, you've probably seen numbers like 1% or 2%. As I state
these "average response rates," you must understand that they
are only a basis of measurement, and don't tell you anything
about the true success (or failure) of a direct mail program. Your cost
per inquiry, and ultimately your cost per sale are the true success
indicators.
Anyhow, let's take the 2% figure, and compare it to
response one might get from using video as the tool, instead of a
printed message. Voila, response rates can soar up to 20%. Now, try a
multimedia disk mailer -- response can jump up as high as 50%. Now mind
you, the medium you choose doesn't mean a thing if you have a poorly
selected list or poorly crafted message. But assuming you've done well
in these areas, look at the amazing difference in response.
Now, I know what you're thinking "I can't afford to
develop videos or multimedia disks." That may be true. These tools
may be difficult for you to capitalize at the moment, but their
cost-effectiveness may be far better than other methods if you look at
overall results. Besides, I'd be remiss as an educator if I didn't at
least bring them to your attention.
In addition to higher response rates, people tend to
spend much more time with interactive disks. Compared to 2-3 minutes
they'll spend with a paper brochure (if they're really interested in
your products or services), on average, those who pop a disk into their
computer spend 20 minutes with it! And about 20% of them will spend over
30 minutes with it. In other words, you have a far better chance of
selling your products or services when they spend that much time
learning about them. And interactivity is really enticing. Even those
old fashioned direct mailers who still use paper have used interactivity
very successfully for years.
Remember the stickers you have to find and attach in
your Reader's Digest Sweepstakes? How about the stickers of the
"red" car instead of the blue one so you can be sure to win
the car of your choice (yea right!)
Anyhow, interactivity is a winner -- using any medium!
Multimedia Presentations
Giving talks to groups is a great marketing tool that
costs nothing. And sometimes you'll even get paid! Multimedia
presentations can make you appear more credible and more powerful. Even
if you're an inexperienced speaker, and can keep your audience glued to
your message.
You'll either have to learn how to develop these on your
own (don't you already have enough hats?), or you'll have to work with a
multimedia developer.
You'll probably also have an investment in a lap-top
computer and perhaps a projection system. But alas, as with disk
presentations, you should take a close look at this media.
Any tool, high-tech or otherwise, will cost you money if
you don't invest the time and energy into learning about it and how to
best use it. And, it's worthless unless it serves a specific function
within your marketing strategy and process.
Part of the success you’ll find in marketing and some
of the ways you'll save hundreds, even thousands of dollars in promoting
your business, will depend on your ability to integrate numerous
high-tech and low-tech tools that, when combined in a well-developed
strategy, will help you achieve a better result faster. A complete list
is available on the web, or pick up a copy of my first book, Power
Marketing for Small Business, or the audio program, Power
Marketing Tools for Small Business. But as I said earlier,
understanding marketing, and especially the process of marketing, is far
more important to you in the long run than any single tool.
Table of Contents
l Next - Chapter 2: Phase 1 of the
Sales Process: Lead Generation - Media Stats - What Really Works &
Why
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Clip articles on different
technologies. Review them as necessary when you're looking for new ways
to become more efficient and effective. INC Magazine is a great
source for current information on business technology.
"In the future there will be two kinds of
businesses - ones that use technology, the others will be out of
business."
Business Marketing Magazine
In
a conversation between grand dad and grandson just after television was
invented and was the latest rage, the grandfather asked his grandson,
"Which do you like better, television or radio?" Without
hesitation, the grandson replied, "Radio, Grandpa." Why?"
Asked the grandfather? "Because the pictures are better,"
replied the grandson.
Be sure your website address
is on all your marketing communications -- business cards, letterhead,
in all ads and press releases, etc.
"A recent study of advertisers found that 84
percent envision using interactive media in the future -- a 10 percent
increase from the previous year."
Wahlstrom & Company
In Sales and Marketing Strategies & News
"High-equity companies were much more likely to
obtain the desired behaviors from their stakeholders...they simply
'spoke louder' through advertising and other communications.
From a study by Yankelovich, Skelly and White
for Fortune Magazine
When you decide on what media you’re going to use,
you must remember how people learn.
I asked a gray-haired lady attending one seminar how
she learned her ABCs. She thought for a minute then said
"beans." "Beans?" I asked. "I’ve never heard
of that, how did you learn your ABCs with beans?"
"My mother would dump out dried beans on a
table," she said. "I made the letters out of dried
beans."
Moving through the generations represented in that
seminar room, a baby-boomer responded that "flash cards" was
her medium.
Next, a young woman in her twenties responded with
Sesame Street. And finally, a young mother jumped in to let us know that
her child was learning her ABCs with an interactive software program on
their home computer.
To be effective, you must match the medium with the
method accepted by the target market. You must adjust the media chosen
when the demographics and psychographics of your target market shift
(after all, we all grow older).
"I read but one newspaper and that more for its
advertisements than its news."
Thomas Jefferson
Order media kits for all newspapers, magazines, and
other media you think will reach your target market. Match up the
demographics of your target against the overall reach of the media. Does
a large enough percentage of its reach really get to your decision
makers to make it cost-effective?
Use statement stuffers to
communicate with your market. Approach a non-competing organization that
reaches your target market and ask if they'll allow you to enclose
statement stuffers in their regular statement mailing.
Hold seminars or group
demonstrations at events or co-op partner's facilities.
Resources:
Glossary of Terms
Ad Examples with Analysis
Free Analysis of Your Ads or
Brochures
AdFacts
Tutorial - online
this runs really slow online unless you have a high speed connection.
You can download it below.
Downloadable Files
( right click and save to your hard drive)
AdFacts (download - rt
click)
FREE
Downloadable Worksheets
You MUST sign in to have access to these --
once you've signed in, bookmark the page from which you download to
avoid having to sign in every time you access them.
Marketing Plan
Worksheet
Demographic Profile Worksheets
Psychographic Profile Worksheets
Marketing Budgeting Worksheets
Ad / Brochure Development Worksheet
Follow-up Worksheets
Sales Reporting Worksheets
Proofing Checklists
Budgeting Worksheets
(Excel)
and many more!
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