Should you consider an e-newsletter for your business in 2010? Perhaps. And how can you tell if it's being successful? One key is the Open Rate, which is the number of people who take the time to at least open your newsletter. According to the vendor we use to distribute our e-newsletter, there are statistics that show how you perform compare to others in your industry. In the Marketing/PR area, the average Open Rate is 13.5%. DLA Creative's average Open Rate is 43.2%. Are e-newsletters appropriate for YOUR organization? They could be - since a basic premise of marketing that you often have to make six contacts before a prospect takes action. This is just another touchpoint among those six. If you want to find out the average e-newsletter Open Rates for your industry, click here. We''ll see if we can help you beat the averages. Accountant 14.0% Crafts 27.0% Education 18.6% Gov. Agency 23.0% Legal Services 18.2% Marketing/PR 13.5% Medical Serv. 16.7% Non-Profit 20.0% Profess'l Serv. 15.4% Real Estate 14.8% Religious Org. 22.4% Retail 17.7% Salon/Spa 15.0% Technology 15.0% Travel/Tourism 15.5% Web Developer 17.4% |
Thursday, November 19, 2009
Just another touchpoint...
Wednesday, November 18, 2009
Tuesday, November 17, 2009
What is Redbox? And what does it mean to me?
If you're a business owner or manager, then Redbox is a business you should get to know.
Redbox Senior Vice President of Marketing and Customer Experience, Gary Cohen, tells us his philosophy in a way that should matter to all of us.
"Simple, powerful business models that yield value to customers will succeed, whether they are online or off."
First of all, let me explain what Redbox is. This innovative video rental option serves as an alternative to stores like Blockbuster or online rental services such as Netflix. Instead, these freestanding kiosks are powered with a high-speed connection to authorize rental transactions and inventory of DVDs. You'll see them at grocery stores, drug stores and other retail locations, providing customers with immediate gratification – $1 at a time. It's a model that's working with estimates of earning up to $780 million in 2009.
Here's why it works, according to Cohen, "It's a great value to consumers. And it's a great value to our retail partners because we drive traffic to their stores and we also provide them a revenue share."
What's the take-away for YOUR business? First, think about how your industry has changed over the last 5 years. Or even the last year. How can you meet your clients' actual needs, rather than your perception of their needs? What partners do you need in the process of redefining who you are? (Redbox got retailers on board by sharing revenue with them.) How will you market the "new and improved" you?
Wednesday, November 11, 2009
Make a Difference in Someone's Life
YWCA is the leading provider of homeless services in Peoria and expects a 30% increase this year.
Foster Pet Outreach takes in homeless, relinquished and abandoned animals who desperately need homes.
Tuesday, November 3, 2009
Shoe Sales Rise - Woo Hoo!
Anyone who knows me, knows of my love for shoes. So when CNBC announced that October shoe sales were up by 7.9% over the previous October, I thought it was worth mentioning on our blog.
Read the CNBC story on why they believe people are still buying shoes in today's economy.
Monday, November 2, 2009
My advertising isn't working!
As I mentioned in my recent InterBusiness Issues column, there are several reasons why your advertising might not be working. Business Week recently ran an article highlighting seven reasons why your advertising isn't working.
Some reasons I've mentioned before to our clients. Some of them are worth repeating. And some you may not want to hear. Here's an overview, as well as our local perspective. If you want to read the whole article, you can read it on the Business Week website.
Seven reasons your advertising might not be working:
1. It's boring.
2. It's boorish.
3. It's safe.
4. It's trying to do too much.
5. It hasn't been given time (or enough budget).
6. You like it. (Ouch!)
7. It's not an advertising problem (it's actually a product or other problem).
Obviously, there are many reasons why advertising doesn't work, but these are seven big ones on a national scope. Locally, here's what we've found.
Because the Central Illinois economy has been struggling lately, people are trying to do more with less, so we find that a combination of both 4 and 5 are the biggest hurdles in our community. Businesses are trying to cram a lot of messages into small print ad spaces (or short TV/radio spots) and then run those campaigns for a short period of time, reducing the likelihood of effectively communicating any clear message.
We also find that number 6 can be a problem in that clients sometimes get too close to their product or service, and forget their target audience. One surgeon that we started working with about six years ago once said to us, "You do the marketing and I'll do the surgery." It's turned out to be a really good relationship because he trusts us to communicate his message in a way that patients understand. He realizes that because he is so intelligent and spends his day interacting with other medical professionals that sometimes his way of communicating may not be most effective for delivering advertising messages to the average healthcare consumer.
Since DLA focuses on working with high-end professional organizations we rarely get to do anything too edgy, but we took a bit of a risk with a bank's Watchdog service and received good feedback on it. It was a little less "safe" than normal bank marketing (see number 3 above), but it got the point across for our client as we used fun imagery across various mediums.
So which of the 7 deadly marketing sins are you guilty of? And how can we help?
Sunday, November 1, 2009
Are you being sold?
So you're watching Elisa and Jack on 30 Rock talk about whether the McFlurry is the best dessert in the world. Yeah, what about it?
Did you know that's a form of advertising known as product placement? And it's a type of stealth advertising that's grown 8% in the first half of 2009 with 9,540 prime-time product placements.
Some critics want the FCC to require networks to disclose these placements. Their proposals range from text running along the bottom of the screen to a flashing red light alerting viewers when an advertiser is pushing something. A red light – give me a break!
Look at shows like the Biggest Loser in which the dieting contestants hike from one Subway to another to get a meal as part of the contest. It seems like a natural part of the show and Tv viewers are smart enough to "get" that Subway paid to be a part of it. They also offer disclosures at the end of the show. ("Special consideration provided by Subway" for example.)
So what do you think? Where is the line? Talking about a McFlurry vs. walking to Subway? What about driving a certain kind of car or discussing brand name shoes (Hello, Sex in the City)? You decide. Are you being deceived? Or is it just the next generation of advertising?
Source: Facts have been taken from Business Week, October 26, 2009. Post also includes opinions of blog author, Michelle Lefebvre.
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