Marketing Ideas #15 Create a Challenge, 3M Security Glass

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This is the sixteenth day of a 30-day trial. Follow the link to Marketing Ideas En Masse to find out more.

Create a challenge to your customers and clients to prove you or your product wrong or inadequate. Here 3M uses their security glass and a pile of money to prove how great their product is at a bus stop.

Marketing Ideas #10 Burger King dropping money

This is the tenth day of a 30-day trial. Follow the link to Marketing Ideas En Masse to find out more.

The other day I came across an article on the SoGoodBlog where Burger King is purposely dropping wallets around different locations loaded with goodies. Most of the contents inside are gift certificates to their restaurant but who knows maybe someone got adventurous and added some real cash. As far as we can tell they are being dropped in and around the Chicago area, but that doesn’t mean it cant happen where you are.

Yep, the wallets include notes telling the individuals who find them to go ahead and keep the wallets. Time Out Chicago reported on November 12th that Burger King planned to drop 5,000 of these wallets around urban hot spots in Chicago. A handful of bloggers have found some of these wallets, and are reporting that they contain actual cash, ranging from a $1 bill to a $100 bill, a gift card to Burger King, a “Drivers License” featuring The King, and a map of Chicago or Orlando area Burger King’s.

Several bloggers have posted about their experience, or their friend’s experience, finding one of these wallets. See HERE, HERE and HERE for more on their stories. A couple of PR and marketing bloggers are weighing in as well, praising the promotion and calling it “unexpected and well-timed” given the current state of the economy.

Marketing Ideas #5 Cut Prices

This is the third day of a 30-day trial. Follow the link to Marketing Ideas En Masse to find out more.

I find it amazing how well cutting prices works to lure people into a store. The problem with the price cut war is eventually everyone gets in on it and those that don’t cut prices get cut out by the customers. This year retailers have cut prices quick and early to attract customers into their stores. I think overall this is a good thing because I don’t like paying $80 for shoes when I know they were made for about $5 somewhere outside of the USA. The next problem to the price cut war is convincing people they will still be getting a deal if they buy today and not tomorrow when the prices are even lower. I wonder what the door buster prizes will be this year at the major retail stores on Black Friday. This could potentially be a great year for deals. Here is what the Baltimore Sun has to say:

To lure shoppers, retailers are pushing holiday promotions earlier than ever; they’re already offering extended store hours and steep cuts on items such as toys. In recent years, holiday advertisements began to appear before the Halloween candy is sold out, but the big shopping season has crept even earlier this year as retailers grapple with the economic downturn.

Wal-Mart led the way for holiday bargains by slashing the price on toys well before Halloween. The world’s largest retailer also announced it will alert shoppers about holiday deals through text-messaging.

Other retailers have also launched sales and discounts traditionally pegged to the day after Thanksgiving, the typical start of the holiday season. Kmart began hosting “Black Friday Weekends” two weeks ago. Stores such as Kohl’s and JCPenney have extended hours to midnight on some days, another shopping tradition once reserved for after Thanksgiving.

Retailers also are appealing to consumers with marketing campaigns and other programs that promote ways to stretch a budget or save a few dollars.

That’s all we have to do! Convince the consumers that they can save money while spending it at our store and not the competitiors. Genius.

Nido Qubein: Stairway to Success Part 3

This is the third and final in a series about Nido Qubein and his book, Stairway to Success.

Developing a plan for success involves three things:

  1. Setting Goals
  2. Setting Priorities
  3. Developing Strategies

“Good personal planning involves no more than determining how you will get from your present circumstances to the future you have created through your vision.” - Nido Qubein

I tend to set pretty ambitious goals for myself, and I do so by writing or printing them out and hanging them around my office. Up until last week I listed goals on my blog for page views and other meaningless stats. I have since pulled those off because I personally think those are the wrong goals to have because of their small measurable impact. I am instead working on a new set of goals that I might not publicly post for this blog and its growth. Goals are a must and should be taken vary seriously.

“Wisdom ofttimes consists of knowing what to do next.” - Herbert Hoover

Setting priorities gives you a place of reference when you come to a situation in which you are unsure of where to go. Knowing your goals and making them your priority makes day to day decisions easier. Suppose your goal is to save $2,000 and you are buying Christmas gifts for your family and extended family. It is easy to want to splurge on the people you love even if it goes against your goal of saving money. Is there a way to save money and still buy / create gifts for your family? Of course there is. It might take a little more imagination than cruising the isles of Best Buy, but it can be done.

More important, the issue of saving money vs. buying Christmas presents for your family shouldn’t even be an issue. Nido talks about the different levels of planning and problems. Most problems like the one above can be addressed early and then shouldn’t ever be an issue down the road at Christmas time. If you plan ahead with your goals and set priorities you should be able to navigate your way through most problems fairly easily.

“There usually are half a dozen right answers to “What needs to be done?” Yet unless a [person] makes the risky and controversial choice of only one, he will achieve nothing.” - Peter F. Drucker

Developing your strategies for success in any area of your life is like having a playbook in sports. Could you imagine if a professional sports team just said: “Aw…this week, let’s just wing it and see what happens”? My guess and I am sure yours as well would say they are guaranteed to lose.

Your strategies should meet these criteria:

  • They must specify actions to be taken.
  • They must specify the person or persons who is to take the actions.
  • They must establish a time for beginning the actions.
  • They must establish a deadline for completing the actions.
  • They must establish criteria for determining when the actions have been satisfactorily completed.

This can be addressed pretty easily by stating what the problem or goal is that you are trying to achieve or overcome. Then developing a plan of action to tackle that issues in a systematic and bit sized way. You need to set an “end game” for that issue when you get to your defined goal or conclusion.

I have brought you through roughly half of the book Stairway to Success by Nido Qubein. If you would like to learn more, I would highly suggest buying it or checking it out of your local library. Although I did not read this book before I started out on my own quest for success in business and life, I have been using many of the same techniques learned by other teachers and writings. I think this book has the plan well laid out and is a solid package of advice for building upon your success in any facet of your life.

Here are the first two parts, Nido Qubein Part 1 and Nido Qubein Part 2

Democrats vs. RepublicansNow that all of the madness is over and the election is out of our control, it is time to pick up and move on. For the last year and half we have been completely inundated with political ads and rhetoric. Campaigning for the 2012 presidential election officially starts on November 5th 2008.

One of the last papers I wrote for my political science major was about the effect of the Internet on future elections (including this one). My argument was that the Internet leveled the playing field and would continue to spread videos and political messages even though election laws forbid certain campaigning the day of election.

I think the return on investment of an online video is far greater than that of a paid ad placement on one of the major networks. I talked about a video called Keating Economics released by the Obama campaign about McCain’s ties to Mr. Keating and the S & L scandal. The video was mini-documentary style and garnered 1.7 million views on YouTube. As far as I can tell, the Obama campaign is out the production and website costs. My guess is a couple grand.

I am also sure that the page more than paid for itself by all the donations buttons scattered about. So, technically I am sure the site netted a profit for the Obama campaign as well as shaped opinions about John McCain.

Could websites and YouTube videos be the future of marketing and advertising?

I think it is pretty obvious that the Internet and all online components have a significant effect on the future of marketing and advertising. Now with social networks, emails, newsletters, SEO, internet marketing, videos, Meetup groups and on and on, you can effectively build residual traffic and income for a tiny investment.

People are looking for ideas and other people that are just like them. When they find their community or “tribe” they feel at home and are comfortable. The key is to realize that you can’t just create a community or tribe and expect people to jump on board. They want truth, passion, excitement, entertainment, gossip and whatever else they might be into. If you can attempt to create something like that out of thin air without the full conviction or passion behind it, you’ll be called out and will most likely crash and burn.

Thankfully, starting ideas online is a lot cheaper than starting them offline where overhead costs can run very high. 13 years ago Matt Drudge of Drudgereport.com started posting up-to-date news articles he found online. He runs a single page website that received just under 800,000,000 page views last month. His site is now the 6th most visited news website. He makes his money from ad placements and with 800 million views a month, I am sure he is doing pretty well.

What we online have known for a while and what those outside of the Internet are learning is how effective advertising online can be. When your message has a clear purpose and contains relevant information to your tribe, the message will spread to millions in a very short time, like drudgereport.com or a YouTube video.

It amazes me that every segment of the evening news isn’t broken up and uploaded online to easily distribute like a YouTube video. You would think they would want people to spread their content and video far and wide. Who knows, maybe they would even get views from different countries and states who simply like what they have to offer. Not to mention they could embed advertising into the videos to boost revenue.

How about newspapers allowing their readers to write and add commentary to their online web pages? A news collaborative that builds upon itself like a mini Wikipedia. Simple measures like flagging inappropriate articles and comments could allow discussion to continue without the direct influence of the company or organization. The future involves catering to your readers and subscribers needs to enable them to share and take part in the activities surrounding your community (tribe). If they like what you have to offer they will stay. If they really like it they will share. Be an enabler to your community.