Wide Angle

(Note: This is Part 1 of a 4-part series on marketing planning. Check back here every Wednesday in August for a new installment!)

Don’t know if it’s time to spend more on marketing?  Unsure how to convince the CFO?  Pat LaPointe – managing partner at NPV Marketing, a leading marketing measurement firm – recently spoke to our members about how to justify spend increases. Read on for a summary of his top tips.

NPV’s research shows that ‘historical spend’ is still the number one means of allocating marketing budget, but lacks both rigor and credibility with the CFO.  What CFOs want isn’t certainty about the ROI of marketing spend (no business investment has a certain ROI, e.g., building a new plant in a developing country), but rather clearly stated assumptions and a sound understanding of risk factors. You can make a solid business case that will pass the CFO ‘sniff test’ by taking the 5 steps below. Read More »

It’s that time again – we’re spotlighting the top 5 case studies, event replays, and MLC studies as accessed by our members in the travel and leisure industries! Read More »

Surely you’ve seen the TV ads. Ex-football player Isaiah Mustafa, “The Man Your Man Could Smell Like,” taking his audience from a bathroom, to a sailboat, to a beach scene on horseback, all the while spouting an absurd, deadpan hyper-masculine monologue. It’s great advertising, a campaign that I think has helped shift Old Spice’s image away from “little white bottle in my grandfather’s medicine cabinet” to “cool, masculine scent that [young] women love.”

Now they’ve gone and outdone themselves, with a social media campaign that might be better than the TV spots. Last week, our Old Spice hero began making personalized videos for bloggers, Web celebrities, and a few average web users. Notable examples include a get-well message to Digg founder Kevin Rose, political punditry in response to George Stephanopolous, and a hilarious response to the Yahoo! Answers question “How many teeth do sharks have?”. Read More »

Ah, the dog days of summer. The inevitable 90-degree day followed by the unpredictable afternoon thunderstorm and flash flood warning. If you’re lucky, the storm hits at 2pm before the commute; on the one day you absolutely must get home, I guarantee the storm hits at rush hour. The beauty and agony of summer: the uncertainty of late afternoon.

And that is exactly where our manufacturing members find today’s economy – a late summer afternoon, with limited predictive ability as to coming market conditions. They’ve seen the sun peek through the clouds (11 straight months of sector expansion per ISM’s Report on Business) but with markedly slower growth in June’s new orders, that grey cloud seeps back into the picture. With a consumer-driven economy, manufacturers can’t be too pleased that June housing starts also dropped 5.0%, while consumer confidence hit a low not seen since August 2009. Read More »

Susan Wassel, PR Manager at Sharpie, launched a social media campaign with the help of a single fellow employee and now manages the project singlehandedly – with a $2,000 budget.  Her work exemplifies how your team can move forward even if you lack the resources necessary to bring on external support.

Video: Social Media on a Shoestring

Slidedeck: Social Media on a Shoestring

“Sharpie Susan’s” goal was increase brand loyalty by leveraging brand advocates they termed “bold expressionmakers,” who are Sharpie uber-users that gravitate toward new media.  To achieve this objective, Sharpie decided to showcase content from these “bold expressionmakers” that demonstrated creative ways to use Sharpie pens in daily life. Read More »

Einstein proffered that doing the same thing over and over again while expecting different results is the very definition of insanity.

Then I must ask the rhetorical question: how close do marketers come to that definition when it comes to marketing planning? The search term ‘marketing planning’ has appeared in the top five search terms on the MLC website for 24 months running. Our annual executive survey has reported ‘planning’ as a top-five area of improvement nearly every year since the poll’s inception.

Sincerely now, what do marketers keep doing year after year that keeps yielding the same underwhelming results?

Read More »

Mountain: Post-Mountaintop Removal

2009 was a year of taking sledgehammers to budgets, not least agency spend.  Many marketers have relied on the equivalent of mountaintop removal to get at those agency savings.  They’ve launched agency reviews or have consolidated agency relationships.  These approaches are imprecise, crude and unsightly—but can be effective in reducing spend. 

However, most of these marketers will be under continued budget pressure in 2010.  The problem with mountaintop blasting is that, once you do it, you can’t play that card again (uh, the top of the mountain is gone).  So what are marketers to do to find additional cost savings that won’t harm communications quality?  Read More »

As followers of the Chinese Zodiac prepare to usher in the year of the tiger, marketers appear to be ushering in the year of the re-org.  Having seen their markets soften, crumble, and begin to show signs of life—all in the last 18 months—marketing leaders are rethinking the organizations they’ve built.  Even if the basic structures we’ve built appear to be viable, new segments need to be addressed and  new teams need to be formed to address markets that look very different from the ones that we faced just two or three years ago.    

Unfortunately, many of the marketing reorganizations that will kick off in 2010 will take a year or two to implement.  Right around the time that key players settle into their new roles, teams start to gel, and new processes start to fire on all cylinders, market conditions will have changed, and it will be time to start all over again.  Read More »

The economic outlook has forced most marketers to make some of the toughest resourcing decisions of their professional lives. But this is all going to get easier next year, right? Not really. Findings from our 2009 Marketing Investment Benchmarks Survey reveals that marketers do not expect their companies to loosen their purse strings in 2010.

Results from our tenth annual survey show that in 2009, spend on channels conducive to driving consideration (website, social media, direct mail, PR) held flat or grew; while spend on channels that primarily drive awareness (broadcast, print, online display ads) declined in comparison to 2008. The question we asked was what is driving this trend? Read More »