Archive for the ‘Recession’ Category

7 Marketing Strategies You’ve Never Heard Of, Part 1

August 24, 2010

Welcome to the 21st century, people.

Yep, we’re ten years in, but many businesses are still marketing according to 20th century principles. In the 21st century, $10,000 can do what used to cost $100,000, but the moves are more complex, mistakes are harder to recover from, and the worst move you can make is to be boring!

Here are some of the cutting edge techniques you can use to stand out against the 21st century landscape:

01. Viral Marketing

Yeah, so you’ve heard of this one, but you might have a hard time defining it.

Viral marketing is about getting your customers to spread your message for you, just like a virus. The rewards can be huge as your brand spreads exponentially. But be warned, it’s actually one of the hardest strategies to pull off.

In general, people have a grossly inflated impression of how the public perceives their businesses. For this strategy to work, your message, whether it’s in the form of a video, article or blog post, must be worth spreading.

Getting a stranger to tell a friend about your business is a complex psychological game, and you have to be clever to be worth talking about.

02. Undercover Marketing

Undercover marketing is one way to kick start a viral marketing campaign, but it carries a lot of risk. Essentially you are starting off a conversation by pretending to be a client or customer. Although this approach is, at best,  borderline ethical, it is surprisingly common.

Sometimes actors are hired to infiltrate online chat rooms, parties, coffee shops — anywhere there are potential customers. They find natural ways to introduce the brand, plant the seed and get out.

Undercover marketing can easily backfire if the ruse is detected. For this reason,  I don’t generally recommend this technique to my clients.

03. Anchor Advertising

Anchor advertising is a psychological technique that involves purchasing strategic advertising space and creating a brand image that your audience will have no prior emotional attachment to. The key here is anonymity and a complete absence of message. Yes, that’s right… NO message at all.

Strategically place your new icon in various advertising media over a period of about three months. More nefarious campaigns may use flyposting, graffiti or wheatpasting to great effect. After the three months are up, wait for your seeds to grow.

If you manage to place your mark where the customer browses the competition — a supermarket shelf, a comparison website, etc. –  your brand will have instant appeal. Even though the mark is not understood consciously, its impact is immediate and extremely powerful once you launch your full campaign.

04. Alternate Reality Games

This is where modern marketing gets weird! This trend is really taking off, and it can create a customer experience like nothing else.

An alternate reality game (ARG) is an interactive scenario based in the real world, and the customer helps propel the story. A designated ‘puppet master,’ usually the marketing agency, runs the game as secretively as possible. The game only works while the puppet master is completely invisible. The user must be able to interact with the fictional elements of the game in a realistic way without seeing behind the curtain.

An example would be selling a plumbing service by running an ARG about a mythical creature who lives in pipes, and the users must find it. The users must be able to browse real websites, visit real locations, and call real phone numbers to find the pieces of the puzzle.

This one is NOT for the faint of heart. It requires some serious planning, but the payoff is immense.

Come back tomorrow for part two of this post, where I’ll reveal even more cutting edge marketing strategies you’ve never heard of!

On Planning, and Graboids

March 15, 2010

“Runnin’ ain’t a plan! Runnin’s what you do when a plan fails!” – Earl Bassett

Tremors was on TV the other day. It was on one of the real movie channels, up in the high numbers, where you get the cursing.

I love this movie.

Here you have a bunch of simple folk who are, even in 1990, largely cut off from the rest of the world. (Don’t they have twitter?) And they encounter this thing, or rather, these things, which are huge and nasty and hungry. And they can hear us walking.

So they set about formulating a plan. They know they can’t run. Their new reality is bearing down on them, and there’s no place to go. At this point, many people are already dead, and at least one girl has been forced to wriggle out of her pants. (Woo hoo!)

Obviously there’s a lot of bad news out there these days. Business people are trying to figure out what to do in the face of imminent economic meltdown.

Here are a handful of Tremors-inspired tips, submitted for your reflection in trying times.

1. Take stock. What is this monster you’re facing? What are its strengths and weaknesses? Graboids can feel the vibrations you send down through the ground, even when walking. But guess what? If you stand still, they can’t get you. Just don’t climb the water tower.

2. Know what people need. The only stock that’s actually gone up lately is Campbell’s Soup. Who can blame people for opting for the 50 cent can of Chicken Noodle at a time like this? There are plenty of things people always need, like diapers and toothbrushes and gasoline. What do you sell that’s a necessity? Bonus points if you can identify a new market that has been created by economic uncertainty.

3. Know what you’re good at. For best results, go for alignment between what people need and what you’re good at. If you’ve got Bert Gummer and his bazooka, use them. Don’t go around trying to kill a Graboid with Mindy’s pogo stick.

All of this is preparation for the hard work, which is making a plan. Know what you’re up against (even if it’s just speculation), know what your customers need, and get really clear about how you can best serve them.

How do you plan to market your business during the economic downturn?

Tell me in the comments!


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