Archive for August, 2006

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Podcasting Practical Guide for Marketers (Tips, Recommendations)

August 31, 2006

I have been a little lame in offering anything of value of late, but this MarketingSherpa guide is quite interesting. I hope you can read it before it “closes.” (It’s only open for a certain time before you have to pay.)

It talks about

  • demographics of podcast listeners/viewers
  • mistakes to avoid
  • rules for content
  • 4 tips on including commercials

Here’s the link:

http://www.marketingsherpa.com/article.php?ident=29679.

It’s called SPECIAL REPORT: MarketingSherpa’s Practical Podcasting Guide for Marketers.

Enjoy! And happy Podcasting!

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Research Stats on Marketing Salaries, Corporate Marketing Budgets

August 18, 2006

I’m just going to paste in part of the email that Go-to-Market Strategies sent me (just the first half on marketing – they had some sales stuff too). You can buy the complete survey results from them for about USD 5 (link included below). Interesting data.

Go-To-Market Strategies is excited to announce the release of our Sales & Marketing Salary Study Results, which include the analysis and compilation of a recent benchmark survey we conducted with our subscriber base of over 100,000 sales and marketing professionals and business leaders. Some of the highlights include:

MARKETING PROFESSION:

  • Marketing compensation is based on a salary and, for most (65%) marketers, a bonus. For those marketer’s who have a bonus structure, 41% have a bonus based on individual performance, while the remaining 59% have bonuses based on company performance. 9% have stock options as part of their compensation. 7.5% have some combination of base, bonus, and stock. 59% of the marketers surveyed reported being happy with their compensation plans (up from 38% in 2005).
  • 55% of marketers feel their relationship with sales is strong, or very strong. 67% of marketing professionals feel marketing is valued by their organization. While there is still much room for improvement, these numbers are up considerably from previous surveys.
  • 65% of companies spend less than 5% of revenue on marketing, with the strongest range being 3-5% of revenue. Still, 20% of marketers spend 6-10%, while 12% spend 11-20% or more. Tradeshows still monopolize the biggest chunk of marketing budgets (38% rate it the biggest expenditure), with print advertising (21%), print materials (20%), and websites (17%) following closely behind.
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What Your Brand Can Learn From Bono

August 16, 2006

I went to a leadership summit last week where Bono was interviewed. Bono talked about his past, the development of his interest in impacting world hunger and AIDS, and the necessity to leverage his celebrity for good. It was amazingly refreshing.

The Bono brand is strong.

What’s interesting about Bono is he isn’t perfect. He is, at times, quite rough around the edges. And yet, at least in this interview, he appeared extremely believable and authentic. Even humble.

What Can A Brand Learn from Bono?
Here a are couple quick observations.

Focus
In terms of leveraging his celebrity, Bono is very much focused. Even while making music, he is touching on the very things that he cares about – beyond the melodies he writes – feeding the hungry, justice, searching for a cure for AIDS – all part of his ONE campaign. He also turns down plenty of engagements that are outside of his key areas of focus.

Passion
In Good to Great, Jim Collins talks a lot about passion as a key to your hedgehog concept. Bono writes and sings what he is passionate about. Their music backs up what the efforts they support outside of the music industry. Where there is passion, expertise, and solid economic engines, success seems to follow.

BTW, Jim Collins also spoke at this conference and had a nice little revised hedgehog concept that substituted out the “profit” for something more relevant to the non-profit world. The monograph (as he calls it) is called Good to Great and the Social Sectors: A Monograph to Accompany Good to Great.

Be you
Bono is honest about who he is, what he is good at, and doesn’t seem to try to be anything other than that. Some of our brands could use a strong look at whether we are pretending to be things that we really shouldn’t be. The posers don’t survive in the long run. It’s ok not to be “all things to all people.”

Be good at your area of focus
When Bono became aware of the situation in Africa, he studied, learned, and was able to speak intelligently about the economics, the statistics, and what it would take to make a difference. And, when speaking to this group of 70,000 church leaders, he could show the scriptural basis behind everything he was talking about. He knew his audience well and spoke directly to areas of deep relevance.

U2 isn’t a bad band either. (That understatement is meant to make fans laugh!) In fact, their quality of music is what helped carry some potentially unpopular messages early in their career. For more on that, you should read Walk On by Steve Stockman. Get the new edition.

I’m not really trying to be too academic in my quick little off-the-cuff comparison, but understanding who you are, what you are good at, and what you are passionate about – and then focusing on those areas – can take your brand a long way.

I recommend checking out some of the free resources on Jim Collins’ Web site for more on this. His Vision Framework Core Ideology Breakout Session PDF could do a lot for your brand if you let it.

You may not be a rock star, but maybe you can rock your business with a little focus.

To borrow and twist that annoying phrase from Accenture:

Go ahead, be a Bono.

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The Benefits of a Break

August 14, 2006

I’ve been back from vacation now for a couple of weeks, but just haven’t had the urge to jump back into “the race.” Two weeks in the quiet mountains of southern Spain have left me a bit contemplative and maybe even humbled somehow.

Although I claim in my bio not to know it all, any of us who are regularly commenting on things sort of do believe we have something to say, don’t we?

I just haven’t had anything to say. About marketing anyway. . .

I will say my trip has raised my interest in Flamenco music and the history of gypsies (and their persecution).

How the many tiny mountain side restauraunts (far from large cities) survive without anything but word of mouth advertising is also of interest. . .

I’m slowly catching up on the latest and will join in sometime soon (I imagine), but right now I’m enjoying that short-lived peace that comes from actually letting go of the biz world for a couple weeks. . .

Now, off to find find some good flamenco singing.