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Brandbuilding – Offline and Online. Brandbuilding – Offline and Online. Brandbuilding – why bother and what’s working today 3 Steps – It’s not always an ad How Online mixes with offline Measuring your ROI impact. So why bother to build a brand?. It saves money Greater lead flow
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Brandbuilding – Offline and Online • Brandbuilding – why bother and what’s working today • 3 Steps – It’s not always an ad • How Online mixes with offline • Measuring your ROI impact
So why bother to build a brand? • It saves money • Greater lead flow • More efficient use of expensive sales time • Faster close rates • Higher pricing • The only path to preference
Direct MailMessage PRMessage ShowMessage Web SiteMessage AdMessage EmailMessage BrochureMessage We Believe in Sweet Spot Marketing • Find where profit lives • Don’t say what you do. Say what you do BETTER • Encircle with consistency, balance, efficiency, repetition Sweet Spot
Budget Priorities – How Much for Print, How Much for Online?
Budget Priorities – How Much for All This? • Average spend: 3.5% of sales • Survey says: • - Less than 1% 57% • 1-2% 29 • 3-4% 0 • 4-6% 7 • DNA 7 • 28% increased • 50% no change • 0% decrease
Budget Priorities – How Do You Compare? Print ads 22% Online ads 9 Web 28 DM – Postal 1 Email 3 PR 3 Shows 11 Research 3 Collateral 11 Sales tools 8 Other 3
We All LOVE Online… • Print ads 17% 50% flat • Online ads 7 36% increase • Web 2243% increase • DM – Postal 1 57% flat • Email 2 43% flat • PR 2 43% flat • Shows 9 43% flat • Research 2 36% flat • Collateral 9 29% flat • Sales tools 6 36% flat • Other 2
Brandbuilding Today Depends on Impact Marketing • Getting to Preference by… • Comparative Messaging • Not Just Leads • Online Excellence • Act Like a Leader
The BrandBuilder Process • Competitive message review • Competitive ad schedule review – print and online • Review of current client positioning (superlatives, USP, etc.) • Review of competitive brochures/web sites • Review competitive product/pricing • Literature review • Review of competitive markets targeted, describe those markets (growing, declining, market needs, etc.) • Plot out competitive strengths
Message Analysis-Are We In Tune? SCPThe world’s most innovative technology… Industry leader for 25 years Close customer relationships Extensive installed base provides deep resources TELGlobal scope “TEL's sophisticated tools outperform competitive systems in process performance and Cost of Ownership.” AkrionHigh reliability/quality for high throughput Lower cost of ownership Advanced technology Proven sales/market acceptance Global support capabilities DNSHigh reliability for constant productivity Worldwide customer base
The Benefits of Leverage • Consistency of message • Consistency of graphics • Consistency across platforms • Consistency across divisions • Whatever happened to Mama Ragu?
2. Not Just Leads • It’s all about “A” leads • Custom list building • Mining your own database for the “meat in the middle” • Rigorous lead qualification
You Already Believe in Lead Qualification • Lead volume 14% • Lead quality 43 • Cost/lead 7 • Brand preference 7 • Other 14
Increase Lead Flow Sales Funnel Travel Faster Finding the Most Profitable “A” Leads Cheaper Than $300Sales Call More Profitable Customers $ $ $ $ $
A A Tech Support A A Shows Webinars A A Direct Mail B B Sales B B eMail Qualified Database Marketing & Fulfillment Telemarketing Qualification B B Web B B PR Editorial C C Non-qualified Ads Lead Management A Leads: Request for information with qualification.Any personal contact. B Leads: Request for information without qualification. Key event source. C Leads:Request for information without qualification. Non-qualified source.
Layer the Tactics • Repetition Works • 100 leads typically close: - 2% on first contact - 3% on second contact - 4% on third - 10% of fourth - 81% on fifth (SME Study)
#3. Online Excellence • Top of the search engines is a must • 93% say they don’t go beyond the first page
(COST: $1.05 / click) (COST: 98 cents / click) (COST: 33 cents / click) Keyword Advertising Now: who needs brand-building?
Organic Checklist: How Do You Get To Page 1? • Meta Tags • Home page text • Page Titles -- different for every key page • Alt tags • No frames • No doorway/flash intro pages • No white type on white background • No pop ups • No disabling the “Back” button • Site Map • Submission services: SCAM
Organic Checklist: How Do You Get To Page 1? • Meta Tags
Keyword Checklist: How Do You Get To Page 1? • Go organic, and THEN buy keywords for words too competitive • Do I buy Yahoo vs. Google or more? • Change your words • Build in a Conversion Tracker • Third place is better than first
What Keywords To Buy -- Yahoo Keyword #/Month #1 Spot Die-Casting 2,773 $12.00 Foundries 6,961 $1.31 Investment Casting 2,731 $3.99 Lost Wax Process 135 $0.51 Metal Castings 2,879 $3.00 Sand Casting 1,785 $2.80 SAVINGS $23.61
Online Seminars • Polling allows for qualification • Dramatic price discounts • Generates 40% new leads
E-newsletters • Total stats reporting • Most popular, least popular
The Metrics Support Email Programs • 4.26% overall CTR (3.3% national average) • 2.3% rented • 4.57% internal • 1.8% unsubscribe • 9% reject rate
Cost/Lead • Email, $25 for rented, $4.50 for internal • Shows, $250 • Print ads, $80 • Direct Mail, $25-40 • PR, $10-20
Total Site Traffic Banner Impressions Cost Cost/ Impression Modern Matl’s Hdlg. Logistics Mgmt. Material Hdlg. Mgmt. DC Velocity Inbound Logistics 35,000 52,000 22,000 54,000 45,000 85,831 150,000 115,000 3500 45,000 $120 Cost/M $120 Cost/M $69 Cost/M $583/month $2200/month $.12 $.12 $.07 $.17 $.05 Online Advertising Analysis
Effective Web Design Principles SEO Graphic Consistency Message Impact LeadCapture Comparative Messages
Analyzing Web Performance – Our Benchmarks • Cost/impression – 1-2 cents • Cost/click -- $10 • Banner response -- .2% - 2% • Time spent/session – 6-7 minutes • Page views/session – 6-7 • Abandon rates – 20%
You’re Active Online • 64% collects sales leads and monitors monthly stats from their web sites • 36% buy keywords, 71% monitor rankings • 57% buy banners • 100% use email “regularly” • But your results seem “conflicted:” • Very Satisfied: • Web 50% • Banners 7 • Search engines 29 • Email 50
3. Online Excellence • Other thoughts: • Appropriate web site budgets, with more message than flash • Vertical search • Role of email in long-term sales • New tools: Salesforce.com + Exact Target/”contextual ads” • Old tools: banners
4. Act Like a Leader • Leaders run print advertising, especially when everyone else stops • Does anyone read print magazines anymore?
4. Act Like a Leader • Leaders run print advertising, especially when everyone else stops • PR is a preference-builder
The Value of PR “PR starts the fire, then advertising fans it. Otherwise, advertising is just hot air." Al Ries, author of "Positioning, The Battle For Your Mind“ Brand managers report PR is most critical technique for building brand: - 51% PR - 44% Ads - 21% Sales promo - 17% Internet
Tutorial Handbooks PR is the #2 source of traffic to web sites.
The Impact Marketer Wants Two Objectives • Preference • More Efficiency In Your Sales Machine • More Leads… • At a Lower Cost Per Lead… • At a Higher Quality… • Leads to More Sales at a Lower Marketing Cost.
When You Measure Your Leads… “I know half of my advertising is wasted. I just don’t know which half.” John Wanamaker
The Rest Of The Story… • Joel Goldstein • Goldstein Group Communications • www.ggcomm.com • jgoldstein@ggcomm.com