Tuesday, August 31, 2010
IMC - What is that?
ANNUAL CASE COMPETITION
Marketing students in graduate programs participate from all over the country. Examples of schools represented: Wake Forest, SUNY at Buffalo, University of Maryland, New York University, University of North Carolina, University of Wisconsin, University of Minnesota, George Washington University, RIT, etc.
Top prize for the top three winning teams is $10,000.
How do we get involved?
Hayley
IMC and IBC- what is the difference?
Monday, August 30, 2010
Clinique - Great Trial Promotions!
Talk about a company that has great promotions. When you’re on Clinique’s mailing list, every time you make an online purchase of a certain amount of money or more, you get to choose at least one “trial size” item for free. This is a great way to promote product testing without making any kind of monetary investment. If you don’t like the product, nothing lost, but if you do, it’s apt to become part of your next online purchase order. So as you go online to make your next purchase, including your new favorite product, you can choose another “trial” product. As this promotional cycle continues, your purchase order grows, and so does Clinique’s profit!
Promotion Genius
At first I thought the BR Luxe card was just another store credit card. I was seriously mistaken.
This weekend my fiancee got a notice in the mail stating that she, for the second year in a row, qualified for the Luxe card. Apparently, in order to qualify for the Luxe card you need to spend a certain amount at BR each year. I asked her what the perk was to having the card. She told me that along with free shipping for all online orders they send coupons in the mail very regularly.
I think this is a great promotion idea. Not only are they able to track what she is buying, knowing exactly what her tastes are, they send her coupons all of the time to keep her coming back for more. Additionally, they only send the coupons if the customer is spending enough in the store to qualify for the card resulting in a sales boost.
I think this is great on so many levels. It not only gets customers in the door but I'm sure it helps with sales forecasting, order quantities, seasonal tastes within certain regions and so on.
I think that what BR is doing with the Luxe card is great and that more stores should try and duplicate this promotion tactic.
Mike
Do Incentives Work All The Time?
I find this quite interesting given the fact that so many car manufacturers are really pushing incentives for business. Case in point I consider myself a Honda man. Out of all the cars that I have owned, they have been Honda's. I would consider myself brand loyal. However, Kia and Hyundai currently have an incentive in which they are offering a 10 year/100,000 mile warranty with any new car purchase. This incentive actually made me consider switching brands and really look at the Kia and Hyundai brand.
Source - Brandweek, article "Car Shoppers Indifferent to Incentives?"
By Justin Blair
Integrate communication through Dance?!
After discussing advertising and promotion last week, I decided to share a great campaign that did work!
The T-Mobile "Dance" Integrated Campaign by Saatchi & Saatchi is a awesome example of a very interactive campaign. You have to check out this case study and watch the YouTube Video underneath (I'm on view number 4 and counting!).
This is a great example of a staged event that went viral...
-Danielle Gore
Saturday, August 28, 2010
Sale, Sale, Sale!
I think Raymour & Flanigan has a sale every day. I could be wrong, but that’s my perception. It seems like every spot is about a promotion. Although promotions tend to peak my interest, when I hear of one at Raymour & Flanigan, I’m not even fazed—for two reasons.
First, the promotions are so common, they don’t spur me to action even if the store is offering something I could use. I just assume I’ll keep what I have for a while longer, and when I’m ready to buy, Raymour & Flanigan is bound to have another sale.
Second, because Raymour & Flanigan advertises their promotions so often, I am suspicious of their furniture’s quality. I know there's always a deal, but is there always good craftsmanship? There may be, but I'd be more likely to walk into the store if that was communicated more often.
It’s interesting that a tactic intended to increase immediate sales has the ability to postpone sales and detract from brand equity--at least for one segment of the population.
Friday, August 27, 2010
Salesman Clause
On reflecting on class last week something that sticks in my mind is the personal selling element of integrated marketing communications. Unfortunately I do not have documents I can share to give examples of this phenomenon. His name was Jim, he was a salesman that we began to call Salesman Clause. His way of selling to the client was to say yes. Yes to price reductions, waive requirements, offer any and every additional service we offered all at the price of a basic plan. He was our salesman in the mid-west territories and we would all gather in the administration department when he called in, giving the fantastic news that he had signed another client. A round of applause would ensue, and then the questions would begin. Finance would want to know the specifics of what he had offered, operations would want to know how accurate the information they were going to be getting was going to be, implementation would want to know what kind of ridiculous dates had been put on everything, that the company could never meet. Jim would always respond with an inarticulate answer, the CFO would give him an atta-boy and the conference call would end, on a high note for Jim and the CFO, everyone else scraping the bottom of the barrel. Then the paperwork would start to flow in, contracts that had horrible figures, insane due dates that we could never meet, and files that were so messy it would take a month to wade through the data just to get a simple enrollment file. Decisions had to be made as to what battles we wanted to fight, the CFO was no help because in his eyes Jim could do no wrong. Eventually, Jim decided to move on to a different company, making huge sales, with unachievable promises. Personal selling is a huge aspect of integrated marketing communications, but it has to be done right, within the regulations and rules to be affective.
British Airways
Article
Enjoy,
Mike
Thursday, August 26, 2010
A Great Social Media Discovery: Groupon
But the more I thought about it, the more I realized that Groupon is a pretty clever marketing strategy that I wanted to share with the group, particularly those of you trying to market local businesses (ahem, BA). Essentially, you go to Groupon and indicate your city. Every day a new coupon for a local business is available to purchase at an enormous discount (50-60% off). For example, last week I bought a coupon to Thread that cost $15 for $30 worth of merchandise.
The beauty of it is the viral aspect. Groupon promises the business a minimum number of purchasers or the deal doesn't go through. There is a ticker on the site to show how many people have purchased, and once the minimum threshhold is met, the deal is a go. In addition, for every referral a person gets, she gets $10 Groupon dollars in her account. This prompts people to spread the site so they get money and so more deals are valid. I'm not sure what the requirements are for participating businesses, but it seems like a great way to create a spike in sales and spread the word about your business.
Check it out!
Erin
New United Airlines Logo
Tuesday, August 24, 2010
IMC Plan on a Personal Level
As I reflected on last class, I began to think about how an IMC plan is very similar to a person’s character. When companies develop IMC plans, the purpose is to make sure all of their stakeholders are receiving consistent messages. It would not make any sense for a company to say they wanted to be known as the “health center” one day and the next day begin developing a line of ice cream. These two activities are completely contradictory.
Now, let’s take a look at consistency on a more personal level - a person’s character. A person’s morals and values, just like a company’s IMC plan, should remain consistent regardless of what situation they are put in. Overall, consistent communication and actions are really the keys to being successful in many aspects of life, both for people in their personal and professional lives, and for companies.
ATTENTION ROCHESTER PIZZA SHOPS: Getting on this blogger's good side is as important as your sauce
Monday, August 23, 2010
All stakeholders count
Mike
Internal Consistency for IMC Success
I was intrigued by the concept that IMC requires both internal and external consistency to be completely successful. This means that internal newsletters, intranet, blogs, etc. should all reflect the company's brand to ensure that the brand stays rooted in employees' minds. How far does this extend? Should phone lists, memos, break room signage, bulletin boards, etc. all be based on the same brand elements? I can definitely see the importance of reinforcing the brand internally, but I wonder if it can be taken too far, or, if not taken far enough, if it loses its impact and simply confuses employees.
How consistent does a company need to be internally?
Sunday, August 22, 2010
How many stakeholders?!
Taking the time to write down all of a company’s stakeholders was really eye opening. When all of them are on the same page, it shows how many individuals, organizations and companies are truly impacted by one entity—and there were many more than I had expected. It is almost overwhelming to think of all the people who, in some way, depend on the sustainability of St. Ann’s Community. Although the significant number and variety of stakeholders makes an IMC plan more complicated from a marketing standpoint, I am grateful that I’m not in the finance department, struggling to balance all these stakeholders’ needs in the wake of New York State budget cuts!
Listing all the stakeholders seems like a simple and easy exercise, but as I quickly learned, when you attempt to make an exhaustive list in a short amount of time, it is very easy to overlook a stakeholder or two. This further underscores how important it is for a marketer to understand the intricate workings of a company or organization, and to take the time to create a thorough marketing plan. Since Tuesday’s class, a few more stakeholders have come to my mind, and it will be interesting to see how long the list will grow as I learn more about the different departmental operations within the 1,100-employee organization.
What do they think of us?
I found it amusing this week, after we had talked about what stakeholders think about the organization I came face to face with two examples of what feedback can say about an organization. One particular incident I was on a call with a current client, the data they had sent to me was not the information that was needed to be input and I was trying to find out what had gone wrong and to get the correct data. The client on the other end of the line laughed and said "I'm so glad we use you to take care of this…you do the work I would hate to do, and you do it so well" While this may not have meant more money for the company, it was positive feedback to know that the client is happy with what we do. Another bit of feedback came from a different end of the spectrum, we supply information to a debit card printing company who then creates the cards and sends them directly to our participants. Much like our organization they rely on the accuracy of the information sent from us to do their jobs. Every month the printing company runs a report that tells them how many cards have been sent back due to bad information per client. Since we have started using this printing firm 3 years ago we have had the least amount of returns. Once again, these aren't huge victories or money making pieces of information, but it is positive feedback from two different stakeholder groups, clients because they utilize our programs and want to maintain their contracts, and the printing firm because part of their success is based on ours.
Saturday, August 21, 2010
The Growth of Foursquare
Wednesday, August 11, 2010
Welcome to IMC and our Blog
I hope you will share with me the things you love . . . or don't really love . . . as you apply your blogging savvy in the coming weeks.
Contact me any time with questions or comments at 594.6904 or at sullivan_susan@roberts.edu.
Susan