Friday, June 19, 2009
Publicity Tip - Embrace your fans
A brick and mortar company is bound by the limits of its storage capacity. It can’t sell 500 000 cds because it can’t afford to have 500 000 cds on hand. This is an undeniable fact. But if you move online, you can exploit a limitless amount of inventory. Since buyers expect to wait a day or so for shipping the product, you can store those cds in a cheap warehouse. It can cost money to have a single cd under the bright lights and watchful eyes of a salesman in a store, but mere cents in simple warehouse.
The Long Tail by Chris Anderson goes into depth about what if means for the future of businesses. If you want your business to flourish in the digital age, I’d recommend this book. The general gist is this – as we move forward, the brick and mortar stores simply won’t be able to compete with the online retailers’ endless stock and cheap pricing. Instead of economics based on scarcity, it’s economics based on abundance. Chris goes over what it means from the supply chain end and what it means from the consumer end, but he doesn’t have the chance to cover the impact it has on the marketing.
So what does this change mean for you?
You need to work on marketing your product with more than ads. Ads should always be used in addition to an actual marketing plan. Online sales are generated by the most trusted and most publicized by fans of the product. That’s we why suggest embracing your fans. Try utilizing a message board, a testimonial form for them to fill out, exercise your social media tools and use publicity. Show off the satisfied people who are urging everyone to buy what you are selling. People are passionate about what they spend their money on. Let your fans work for you and give them the tools to help sell your company.
OutRight Communications is a marketing, design and PR firm that can skillfully craft your public image. Our team works together to ensure that your message is delivered to the public, whatever your message may be. We specialize in long term image crafting, publicity, web & graphic design, press releases & media interviews, author services & book publicity, media buys, and creative writing. Get in touch today to solve your media problems!
Tuesday, June 16, 2009
An every day question list
Losing the big picture isn’t fun. Spending your days chasing clients you don’t want, readers that won’t buy your book or sending emails that lead to nothing will suck the soul from your business in a hurry.
If you can answer these positively every day, things are going to be going well
- Why am I doing this? How will this help me sell my product? If you don’t have a good answer, stop and move on to something else.
- Is this the correct long term plan? Are all my actions geared towards the best long term results?
- What can I do today that will help make me a house hold name tomorrow?
- Spend a moment to remember who your target clients are. Are you consistently working to attract them?
- Remember what makes your product unique and focus on that area
4 questions, one focal point. It's all you need.
OutRight Communications is a marketing, design and PR firm that can skillfully craft your public image. Our team works together to ensure that your message is delivered to the public, whatever your message may be. We specialize in long term image crafting, publicity, web & graphic design, press releases & media interviews, author services & book publicity, media buys, and creative writing. Get in touch today to solve your media problems!
Thursday, May 28, 2009
Grow Your Market Share
The doom and gloom newspaper writers and anchormen want you to believe that you have no hope against the economic down turn. That there is nothing you can do but grab onto something solid and hold on. They are wrong. Very, very wrong. For the wise, far-sighted, strategic business owners, this slow down is a blessing. Why? Because you can be smarter than your competitors. Market share is up for grabs, it's time to position yourself properly.
Many businesses are slashing their marketing budgets, filling the airwaves with horrendously poor ads. This illogical response to declining revenue has opened the door for you. Instead of cutting your budget or allowing an ad that looks cheap to represent your business, it's time to develop your brand. Take the step and allow professionals to manage your public image. Put a stop to the terrible ad campaigns your near-sighted competitors are doing and remember that your brand image is with you for the long run. Here in Edmonton, radio stations are struggling to sell ad space, something that should never be happening! Use your marketing budget wisely and get your name out. Expand your marketing to make sure your business is always growing. Becoming a house hold name means you'll always be busy. So why are you not taking steps to become a house hold name?
Watching an hour of T.V makes this point very easy to see. Corporate giants like Apple, Microsoft, Nike, Disney and McDonalds are producing the same high quality ads they always have been. The leaders of those companies know that everyone is weaker right now, which means market share is up for grabs. By promoting yourself with high quality ads, you can stand out much easier during a recession than during the boom years. If your competitors have cut their ad budgets, you have the opportunity to capture the market. Now is the time to make yourself a house hold name, when your competition can’t compete.
OutRight Communications is a marketing, design and PR firm that can skillfully craft your public image. Our team works together to ensure that your message is delivered to the public, whatever your message may be. We specialize in long term image crafting, publicity, web & graphic design, press releases & media interviews, author services & book publicity, media buys, and creative writing. Get in touch today to solve your media problems!
Tuesday, May 26, 2009
What do you mean growth doesn't last forever?
Everyone who has had their doors open over the last 5 years has felt the great joy of expanding and growing their business. Unfortunately, due to no fault of your own, that growth has likely stopped. But, instead of passively blaming greedy Wall Street suits while allowing your business to stagnate, take advantage of the down turn. Many great leaders have spoken of turning an obstacle into an advantage and now it's your turn to do just that. - Take this time to re-set the foundation of your business. If you overstretched yourself during the boom years, take this time to re-establish yourself around your home base.
- Get market research done to ensure your ads are reaching your target market.
- Re-connect with your best customers; establish a relationship that will help both of you prepare for sustained growth.
- Take this time to make sure your business is running as efficiently as possible.
- Design new ways to distribute, manage, or create your product.
- If the days at work aren't as busy as they used to be, take advantage of the slow times by networking with others in the field, fix bridges you may have burnt in mad attempts to get that order filled during the boom.
- Create and establish a public image that ensures your phone will never stop ringing, boom or bust.
You couldn't do those things doing the boom, but you sure can now. A recession is not the end of the world. It's an opportunity to re-set your business for growth in the years to come.
OutRight Communications is a marketing, design and PR firm that can skillfully craft your public image. Our team works together to ensure that your message is delivered to the public, whatever your message may be. We specialize in long term image crafting, publicity, web & graphic design, press releases & media interviews, author services & book publicity, media buys, and creative writing. Get in touch today to solve your media problems!
Tuesday, May 19, 2009
Beating Goliath
Malcolm Gladwells latest article for the New Yorker is, like everything else that flows from his finger tips, a golden piece of literature. The incredibly successful author of The Tipping Point, Blink and Outliers recently jumped into the land of the underdog. His article uncovers a fascinating trend.
- Political scientist Ivan Arreguin-Toft has studied every war fought in the last 200 years that featured an overwhelming military favorite. As predicted, the favorites won in over 70% of the wars. But what makes his study worth mentioning, is that when the underdog embraced their weakness and chose unconventional strategies, they won. Convincingly. In fact, over 60% of the time, when the underdogs did what only the underdog could do, they won. This trend is not limiting just to the battle field, but is similarly found in sports, software engineering, and other games of strategy.
So what does this mean for you?
Well, there are two messages you can take home from this article.
1) If you are the little guy on the block, you can win. In fact, if you welcome the opportunities that being the underdog presents, odds are you will win. You just have to have more passion, more drive, and a stronger commitment than the big guy.
2) You must do things differently than the Goliath. This matters most to marketing. Goliath is known by everyone after they watch their first hour of T.V and spend a day reading billboards. You have to be creative with your media presence. Don’t fight Goliath by using T.V ads and radio placement, hit them quietly. Use local events, the internet, and the press as your key weapons in battle. Embrace viral and guerrilla marketing tactics. Allow your inner David to take charge and take down Goliath, one step at a time.
And if you get discouraged remember you don’t become a giant without spending time as the small guy first. McDonalds, Starbucks, and Blockbuster all started out as local Mom and Pop stores. Produce a quality product while using effective marketing and one day you’ll be fighting off challengers.
OutRight Communications is a marketing, design and PR firm that can skillfully craft your public image. Our team works together to ensure that your message is delivered to the public, whatever your message may be. We specialize in long term image crafting, publicity, web & graphic design, press releases & media interviews, author services & book publicity, media buys, and creative writing. Get in touch today to solve your media problems!
Tuesday, March 24, 2009
Auxiliary Revenue for your Business
Have you ever considered writing a book, an e-book, recording an audio cd or hosting a tele-course? How about giving speaking presentations about the topics your business offers?
Even though you are in business to sell products or services, have you thought about alternative ways to generate auxiliary revenue?
Having a product that is an extension of your current business can be very lucrative. It is also another way to get out in the public, without requiring extensive work. At least after the initial creation of the products are mapped out. Just by simply adding them to your shopping cart on your website can generate interest and make it easy for prospective clients to see all the products you produce. You can then ring in the sales while you’re sleeping!
So come on – make a list right now of all the possible products that you can develop today and start making more money!
OutRight Communications is a marketing, design and PR firm that can skillfully craft your public image. Our team works together to ensure that your message is delivered to the public, whatever your message may be. We specialize in long term image crafting, publicity, web & graphic design, press releases & media interviews, author services & book publicity, media buys, and creative writing. Get in touch today to solve your media problems!