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Marketing During a Recession: 18 Strategies for Organizations, Business Owners and Entrepreneurs May 18, 2010
Recession Marketing Retooling Anticipating Economic Reality Recession   A significant decline in activity spread across the economy, lasting longer than two quarters of negative economic growth as measured by a country's gross domestic product (GDP). Deflation A fall in the general price level or a contraction of credit and available money. Inflation   Inflation is a rise in the general level of prices of goods and services over time caused by high rates of growth of the money supply. Inflation can be thought of as a decrease in the value of the unit of currency. It is measured as the percentage rate of change of a price index. Stagflation   A condition of slow economic growth and relatively high unemployment— accompanied by a rise in prices, or inflation.
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18 Recession Marketing Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],“ Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” — John Wanamaker, Philadelphia Department Store Founder
[object Object]
[object Object],[object Object],[object Object],[object Object],•  Targeted •  Accountable •  Test (assumptions) •  Looking for future database marketing (upsell/cross-sell)
[object Object],•  Direct sales  • Drive to retail •  Drive to web  • B2B  • Database • Consumer  • Lead generation • Local •  Fund-raising • National •  Membership  • International
[object Object],•  Direct mail • Email  • Ads • Paid search  • Radio • Viral marketing •  TV • Websites •  Ezines • Banner ads •  Mobile
[object Object],[object Object]
Strategy #3 Reality in advertising: Address marketing evils with preemptive copy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
 
 
•   Recognize, and if appropriate, address    these evils •   Don’t ignore them •   News is your friend Every marketing   effort
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Strategy #4
Normal approach Features
Benefit approach
Product:  Litigation software Feature:  Sort and tag. Benefit:  You’ll save $2 million a year and reduce staff time for e-discovery by 75%. Ultimate Benefit:  Your litigation team will be more efficient and it will free up the financial and staffing resources you need to run a profitable firm. Sell benefits not features
Other copy essentials ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Short Copy   Clicks  Cost    CPC    Revenue   ROI*    Conversion     1,700   $258.62  $0.15   $295.75  -66%   0.18% Long Copy   Clicks  Cost    CPC    Revenue   ROI*    Conversion     1,440   $218.83  $0.15   $1,092.15  50%   0.69% *The profit margin used to calculate ROI was 30% Copy length
At the end of your copy presentation Ask yourself. . .
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],10 deal killers: critical response
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Deals!
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Premium
Premiums
Guarantee
Price ________________ Discount
Discount
 
Price wording ,[object Object],[object Object]
Call to action (CTA) Test #1 —Click here for your FREE report Test #2 —Download your FREE report now
Customer Strategy # 7 Concentrate on your database Customer
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Customer
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Smart marketers will focus on their database…BUT Do NOT neglect prospecting
Create a professional  direct response  conversion series
 
 
Strategy #8 Mobile marketing breakthrough
Strategy #9 Corporate websites are obsolete Antimarketing madness: Revise website strategy   Direct marketing microsites and landing pages
 
 
 
 
 
The greatest  loss of orders comes  on the _____________?
Avoid  shopping cart insanity Strategy #10 Online lost sales and leads Streamline your shopping cart
2 big mistakes ,[object Object],[object Object]
Mistake #1 ,[object Object]
 
Mistake #2 ,[object Object],#1
#2
#3
#4
#5
#6
#7
#8
#9
#10
Seamless, smart  shopping cart
 
Strategy #11 Expand globally
 
[object Object],[object Object],[object Object],[object Object]
#1 email  marketing mistake
The 3 Rs of email marketing to prospects ,[object Object],[object Object],[object Object]
Email subject lines Crisis unfolds: Carter-era inflation on the way Bailout nightmare: Your wealth is in jeopardy Free market nightmare: Socialism-style bailout How to protect yourself and profit in 2010
Email subject lines 9.630% Crisis unfolds: Carter-era inflation on the way 26.437% Bailout nightmare: Your wealth is in jeopardy 20.854% Free market nightmare: Socialism-style bailout 6.757% How to protect yourself and profit in 2010
Recent Tests Video  vs.  no video 113%   Non-superscript vs. superscript  92% 68% Picture vs. no picture 33% Chart vs. no chart
Strategy #13 The digital video  explosion
Megatrend: Video explosion ,[object Object],[object Object],[object Object],[object Object]
Web videos: Help or hurt? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
Fawn’s  viral video
Fawn’s  landing page
www.barrykaye.com
Strategy #14 Direct response TV
Swiss Confidential TV Commercial
Strategy #15 Direct response radio
[object Object],[object Object]
Strategy #16 Untapped potential of  paid search
 
4 keys to success ,[object Object],[object Object]
Test headline 46 ways to raise prices Headline #1 The easiest price increases you’ll ever make or your money back Headline #2 The secrets of making customers happy to pay more
3.  Test separate landing pages
Which worked best? 4.  Test URLs (A) Mold Help for Morons Find out if you have a toxic mold  problem without spending a fortune! www.StopBlackMoldNow.com (B) Mold Help for Morons Find out if you have a toxic mold  problem without spending a fortune! www.GetMoldSolutions.com
[object Object],[object Object]
 
Strategy #18 Back to the future: Direct mail
 
Postcard ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
[object Object]
 
 
 
 
 
 
Postage
[object Object],[object Object],[object Object],[object Object],[object Object],5-way test
Letter
Letter
Lift note
Added - value insert
Response device
Mailing List ,[object Object],[object Object]
Putting It All Together
 
 
 
 
 
 
 
WARNING! Be sure to integrate your direct mail (other marketing efforts) with your website Direct response microsite Anti-marketing corporate site
Integrated campaign
[object Object],[object Object],[object Object],[object Object],[object Object],Summary
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],18 Strategies
Questions If you have any questions about  these strategies, please call Craig at  310-212-5727 Fill out the handout and give it to Craig
Thank you Email:  [email_address] www.cdmginc.com

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Marketing During a Recession: 18 Strategies for Organizations, Business Owners and Entrepreneurs

  • 1. Marketing During a Recession: 18 Strategies for Organizations, Business Owners and Entrepreneurs May 18, 2010
  • 2. Recession Marketing Retooling Anticipating Economic Reality Recession A significant decline in activity spread across the economy, lasting longer than two quarters of negative economic growth as measured by a country's gross domestic product (GDP). Deflation A fall in the general price level or a contraction of credit and available money. Inflation Inflation is a rise in the general level of prices of goods and services over time caused by high rates of growth of the money supply. Inflation can be thought of as a decrease in the value of the unit of currency. It is measured as the percentage rate of change of a price index. Stagflation A condition of slow economic growth and relatively high unemployment— accompanied by a rise in prices, or inflation.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.  
  • 13.  
  • 14.  
  • 15.  
  • 16. Recognize, and if appropriate, address these evils • Don’t ignore them • News is your friend Every marketing effort
  • 17.
  • 20. Product: Litigation software Feature: Sort and tag. Benefit: You’ll save $2 million a year and reduce staff time for e-discovery by 75%. Ultimate Benefit: Your litigation team will be more efficient and it will free up the financial and staffing resources you need to run a profitable firm. Sell benefits not features
  • 21.
  • 22. Short Copy Clicks Cost CPC Revenue ROI* Conversion 1,700 $258.62 $0.15 $295.75 -66% 0.18% Long Copy Clicks Cost CPC Revenue ROI* Conversion 1,440 $218.83 $0.15 $1,092.15 50% 0.69% *The profit margin used to calculate ROI was 30% Copy length
  • 23. At the end of your copy presentation Ask yourself. . .
  • 24.
  • 25.
  • 27.
  • 33.  
  • 34.
  • 35. Call to action (CTA) Test #1 —Click here for your FREE report Test #2 —Download your FREE report now
  • 36. Customer Strategy # 7 Concentrate on your database Customer
  • 37.
  • 38.
  • 39. Create a professional direct response conversion series
  • 40.  
  • 41.  
  • 42. Strategy #8 Mobile marketing breakthrough
  • 43. Strategy #9 Corporate websites are obsolete Antimarketing madness: Revise website strategy Direct marketing microsites and landing pages
  • 44.  
  • 45.  
  • 46.  
  • 47.  
  • 48.  
  • 49. The greatest loss of orders comes on the _____________?
  • 50. Avoid shopping cart insanity Strategy #10 Online lost sales and leads Streamline your shopping cart
  • 51.
  • 52.
  • 53.  
  • 54.
  • 55. #2
  • 56. #3
  • 57. #4
  • 58. #5
  • 59. #6
  • 60. #7
  • 61. #8
  • 62. #9
  • 63. #10
  • 64. Seamless, smart shopping cart
  • 65.  
  • 67.  
  • 68.
  • 69. #1 email marketing mistake
  • 70.
  • 71. Email subject lines Crisis unfolds: Carter-era inflation on the way Bailout nightmare: Your wealth is in jeopardy Free market nightmare: Socialism-style bailout How to protect yourself and profit in 2010
  • 72. Email subject lines 9.630% Crisis unfolds: Carter-era inflation on the way 26.437% Bailout nightmare: Your wealth is in jeopardy 20.854% Free market nightmare: Socialism-style bailout 6.757% How to protect yourself and profit in 2010
  • 73. Recent Tests Video vs. no video 113% Non-superscript vs. superscript 92% 68% Picture vs. no picture 33% Chart vs. no chart
  • 74. Strategy #13 The digital video explosion
  • 75.
  • 76.
  • 77.  
  • 78.  
  • 79. Fawn’s viral video
  • 82. Strategy #14 Direct response TV
  • 83. Swiss Confidential TV Commercial
  • 84. Strategy #15 Direct response radio
  • 85.
  • 86. Strategy #16 Untapped potential of paid search
  • 87.  
  • 88.
  • 89. Test headline 46 ways to raise prices Headline #1 The easiest price increases you’ll ever make or your money back Headline #2 The secrets of making customers happy to pay more
  • 90. 3. Test separate landing pages
  • 91. Which worked best? 4. Test URLs (A) Mold Help for Morons Find out if you have a toxic mold problem without spending a fortune! www.StopBlackMoldNow.com (B) Mold Help for Morons Find out if you have a toxic mold problem without spending a fortune! www.GetMoldSolutions.com
  • 92.
  • 93.  
  • 94. Strategy #18 Back to the future: Direct mail
  • 95.  
  • 96.
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  • 98.  
  • 99.
  • 100.  
  • 101.  
  • 102.  
  • 103.  
  • 104.  
  • 105.  
  • 107.
  • 108. Letter
  • 109. Letter
  • 111. Added - value insert
  • 113.
  • 114. Putting It All Together
  • 115.  
  • 116.  
  • 117.  
  • 118.  
  • 119.  
  • 120.  
  • 121.  
  • 122. WARNING! Be sure to integrate your direct mail (other marketing efforts) with your website Direct response microsite Anti-marketing corporate site
  • 124.
  • 125.
  • 126. Questions If you have any questions about these strategies, please call Craig at 310-212-5727 Fill out the handout and give it to Craig
  • 127. Thank you Email: [email_address] www.cdmginc.com

Hinweis der Redaktion

  1. Sell benefits not features Turn features into benefits. I’m only interested in myself. Money Comfort Enjoyment Health Success Appreciation Right choice One step ahead Influence Admiration Popularity Security
  2. Your reader does not care about the features. What he or she cares about are the benefits, in other words, how your product will make life easier for them—how it will make them richer, more beautiful, or feel younger. Bottom line, what they care about is what the features will ultimately do for them.
  3. Envelope 1.2 seconds Name Teaser Sender