Posts Tagged ‘ROI’

Traditional and Digital Media Living in Harmony

By Jodi Duncan, July 26, 2010
Photo by hotmayo on Flickr

Photo by hotmayo on Flickr

To print or not to print? That is the question.

I had an interesting conversation with a client last week regarding a very successful digital campaign. Successful and measurable. Bonus.

We started talking ROI, future campaign budgeting, and the hazards of completely moving away from traditional media. This particular client has seen solid success and increased sales by largely focusing on digital media with a strong emphasis on social media. But, the audience for the product is very niche, easy to segment, and prone to online, super-savvy digital consumers.

We’re hearing it loud and clear. The temptation is to shift traditional media budgets from broad-based awareness activity, to very targeted, segmented and measurable non-traditional media. So what’s the answer? It depends on the objectives of the campaign.

I like digital media. I like the fact that I can see exactly how a campaign is performing in real time. I like that prospects and customers can interact with a brand. However, there are many things that impact that interaction. Typically there is a certain level of awareness and trust that precedes an interaction. That is where traditional media continues to make a powerful difference. Basically, you have to look at the entire scope of the campaign, consider the integration and determine the points of interaction. We want to lead consumers down a path to purchase by using an impartial media mix.

It is smart to always consider print, television, radio, billboard to possibly play a part in a campaign. Think about how you personally look at brands and receive messages. What are you subconsciously picking up as you drive by a billboard? What magazines do you browse through? How often do you read the newspaper? And at what point do you go online when considering a purchase? When you do go online, what are you looking for? Is it product information? Product reviews? Specs? Options? Pricing?

That experience and the timing involved vary by what you are purchasing, how large of a purchase it is, how long the sales cycle is, etc.  In order to reach you, different mediums need to be leveraged at different stages and tie back into the objectives.  It’s the same with every product or service we promote. It’s the blend of outreach that gleans the best results.

With every channel, measure, evaluate and adjust as you go. Because we have more opportunities to look at campaigns in real-time, we want to use that information to our advantage.  We shouldn’t be thinking of digital at the expense of traditional media. Instead, think of how the two work in tandem.

Channel Marketing: Make it Easy. Make it Measurable. Make it Cheap.

By Jodi Duncan, October 2, 2009

One of the biggest challenges we consistently hear is “How can we get our dealers to do a better job marketing our product line?” Here’s the deal…you need to 1) make it easy for them; 2) make it measurable and tied into sales; 3) make it cost-effective.

There is great benefit for a corporation or home office to offer their dealer channel sales tools that really extend the corporate brand as well as promote the dealer in a way that drives sales.  What often works best is having corporate materials handle the overall “brand cover” and general promotion of the brand – what it is, why it’s better. Dealer materials would then focus on why you want it and where to go to get it.  But the key is to have it all work in synergy – so that the dealer materials support the brand and vice versa. A very smart use of your marketing dollars!

1)     Make it easy for dealers.

One of the most frequent questions we get from clients is, “how do I get my dealers to participate?” Turn-key programs work best. Make it easy for your dealers to sign-up for your channel marketing program. Have some continuity to your program so a dealer can sign-up and not have to think about it for a while. Make sure the content is relevant and easy to understand for the prospect and the dealer.

2)     Make it measurable and tied into sales.

Dealers care about how their advertising and marketing efforts impact sales. Set benchmarks and try to provide measurable results for all channel marketing activities. This helps dealers see the ROI on their investment and better determine what they need to do next.

3)     Make it cost-effective.

Most dealers want to know EXACTLY how much something will cost them. Keep pricing structures simple to understand and without a lot of variables. It is imperative that there are no hidden costs or surprises when the bill comes. Keep your channel marketing program simple so dealers know WHAT they are ordering, HOW much it will cost them and WHERE and WHEN it will show up.

It’s a corporation’s benefit to provide content and artwork for dealers through their channel marketing program that effectively promotes and positions the brand appropriately. Providing quality materials to dealers is a great way to extend corporate messages and get usable sales materials into your dealers’ hands.