Jan
6
2012

The (negative) Power of Social Media

The (negative) power of social media (blogs/twitter) has never been more evident than this case with Marieke Hardy.  Hardy accused Joshua Meggitt of being the author of a hate blog against her which had been in circulation for five years.  The claim was wrong.

The case aside, I believe that in 2012 there will be more cases of companies suing bloggers over false and misleading claims.  Blogs are not immune to the law.

Why do I think this?  A client of Next Marketing is seriously considering taking legal action against at least one blog owner who has published false and misleading reviews about the business.  There is documented evidence of a drop in sales.  Which makes way for damages to be paid.  It’s going to be a very interesting year indeed.

Nov
3
2011

Fenix goes to the bridal expo – with a 1759% ROI

BACKGROUND

Fenix Restaurant and Events, a client of Next Marketing, located in the Melbourne inner suburb of Richmond, is blessed with an amazing location alongside the Yarra River. It is a perfect mix of inner-city living and the natural environment, and is a popular location with both inner-city DINKs and corporate clients. Friday night cocktails are especially sought after in the warm, summer months.

Fenix is one of those Melbourne places that most people seem to know. Some of that is due to its history, having been in the market for more than 10 years, and some of it is related to the publicity surrounding its owner, Gary Mehigan, whose role on the TV show MasterChef has certainly helped Fenix grow since its relaunch in 2010.

From a business perspective, Fenix is split into four areas: restaurant, conferences, events and weddings. While there is no official split within Fenix from a marketing perspective, each business unit offers a different experience and has a unique target audience; therefore, the marketing plan needed to cover activity that was unique for all business units.

During the marketing planning process, one of the areas identified as a marketing opportunity was the wedding’s business. While weddings are not the core Fenix business, they generate profitable sales and economies of scale. Weddings get numbers through the door and a Saturday night cocktail function/wedding reception can provide up to 200 people with a Fenix experience, which, over many weeks and months, generates a lot of conversations about the brand. Weddings were also an area that generally needed more marketing support.

Fenix restaurant had been relaunched in 2010 and trade was gaining pleasing momentum. The restaurant, over its 10-year history, is now into its third life. Focus and marketing spend had to be set aside for the restaurant to help build trade to its new incarnation, an activity that was showing dividends. There was an opportunity, therefore, to keep the restaurant activity going while putting some focus back on the wedding market.

Based on these factors, Next Marketing recommended Fenix participate fully in the next bridal expo in Melbourne. Here is how it went.

CAMPAIGN OVERVIEW

With stakeholder agreement to spend time and resources on the wedding business, the August 2011 bridal expo was identified as the campaign to ‘make it happen’. The management team at Fenix agreed to do whatever it took to make that expo the best that Fenix had ever exhibited at. It was a big ask, as the old expo stand was dated and the marketing materials were several years old. It was a big objective, but there was a level of confidence among the team that we could make it happen.

Wedding expo events are ideal for suppliers in the industry. It’s your target audience all in one room. Having been through the process myself, I am aware that bridal expos are not functions that you go to unless you or someone you know very well is getting married. So, it is a highly captive audience, but a competitive environment nonetheless. There are several other reception venues that offer competitive packages, so Fenix needed to offer something different.

A possible complication in putting a lot of money and effort into this August event was that out of all expos held in a calendar year, the August expo is the quietest. You see, most blokes propose from November through to early February. It’s true! There must be something in the air during those months; many wedding punters have confirmed this for me. From Fenix’s perspective, they couldn’t wait until the busiest expo in February, so the restaurant took the punt that aiming to be the best exhibitor at the August expo would make it a success.

OBJECTIVES

The objectives of this campaign were two fold:

- build up wedding-specific marketing assets to leverage the Fenix wedding business over a long period of time, and

- get wedding bookings (sales!).

These objectives really didn’t change during the campaign. Next Marketing was focused on delivering long-term value, but, at the end of the day, the activity needed to deliver on sales and profit. Fenix had committed extra budget to make this happen, so the campaign needed to pay back on the investment.

STRATEGY

The strategy was to deliver every aspect of the campaign to the highest quality possible to give Fenix the greatest chance of being the best stand at the expo.

The other component was to leverage Gary Mehigan’s profile. As noted earlier, Mehigan is the owner of Fenix and a host on MasterChef Australia. His profile provided the campaign with an opportunity to have that ‘something different’ at the expo that would give us an edge.

The actual execution worked along these lines:

- Fenix would exhibit for the full weekend at the bridal expo event; the objective was to collect names and to build an initial rapport with possible clients, and

- the following weekend, Fenix would hold a private viewing day on-site and invite those who gave their details at the expo to attend for canapés, wine and a private tour of the facility. The objective was to then sign up clients on the open day and in the following two to three weeks. This gave couples multiple touch points with Fenix to build a relationship with the brand and their Fenix wedding consultant. Therefore, the campaign extended for approximately three weeks after the expo weekend.

EXECUTION

Altogether Next Marketing had approximately six weeks to deliver the entire campaign. The timeline provided many challenges along the way, but in the end it gave everyone focus to make it happen. Here is how it unfolded:

GARY MEHIGAN

Fans of MasterChef will know that August is a very busy month for the show. The finals are approaching and the ratings really start to take off. Mehigan’s diary during this time is very full, so it took some shuffling for him to be available to attend both days of the bridal expo. Getting time in his diary was a big win.

At the time, we made a conscious decision not to announce his attendance to the expo organisers until two or three days prior to the event. There were several reasons for this, with the primary concern being that if his attendance were widely promoted, fans of MasterChef would pay to attend the expo for an opportunity to meet Mehigan in person. This would dilute the audience and make it more difficult to identify real wedding punters. Looking forward, a bridal expo held at a different time of year could result in a different strategy.

PHOTOGRAPHY

In order to develop great marketing materials and to build a new stand, new photography was needed. The challenge of photography was to find a window of opportunity in the Fenix calendar when the entire venue was free. Once that date was identified, it was then a logistical task to get all the relevant suppliers on board and available on that day.

The objective of the photo shoot was to get a picture of the beautiful view at Fenix, as well as various high quality images of the venue. To do so, we had to cross our fingers that the weather would be kind to us on the day, which, to our delight, eventuated.

STYLING AND EXPO STAND

We sourced a stylist who had exhibition experience to develop a blueprint for a Fenix stand that could then be used for different configura- tions and stand sizes at other expos. We wanted the stand to have a significant ‘wow’ factor and to showcase what Fenix looked like in real life. The backdrop of the stand was the view at Fenix, and a table was set up and styled as it would be at a wedding. We also hired a white floor, which is the colour of the floor at Fenix. Soft white curtains and flowers added finishing touches, giving the stand significant appeal.

MARKETING MATERIALS

Given we had Mehigan in attendance and a great looking stand, we decided to keep the marketing materials to two simple items: a freshly designed double-sided postcard, and a food package giveaway. Each complemented the other, and Mehigan was able to sign the postcards as well.

RADIO CAMPAIGN

To further promote the Fenix wedding offer and to support the strategy as a whole, a radio campaign was executed on Nova in Melbourne.

KEY LEARNINGS

While there were many learnings along the way, one of the key results from the bridal expo was the impact that Gary Mehigan had on the number of names that were collected.

Exhibitors need to provide an excuse for wedding punters to stop and have a conversation about what is on offer. For Fenix, Gary Mehigan provided this. People were willing to stop, have a conversation with the sales team at Fenix and give their contact details, while waiting for a photo opportunity with Mehigan. It was a perfect storm.

The other key confirmation was that multiple touchpoints with Fenix were needed before a bride was willing to sign on the dotted line. This campaign provided that.

RESULTS

To say that the bridal expo campaign was an outstanding success would be an understatement. The results were benchmarked against previous bridal expos and, any way we looked at it, the entire campaign exceeded expectations.

Some results:

- 627 percent increase in the numbers of names collected at the expo

- 266 percent increase in the number of sales, and

- an overall 1759 percent return on investment.

Although the radio campaign helped, so far the couples that have signed up for a wedding at Fenix were all sourced from the bridal expo. Although radio did help with branding and perhaps with the touch points as noted above, it didn’t itself result in any direct sales.

The great results in this campaign highlight some simple home truths about marketing. Get the basics right and mix them with some savvy execution and the results follow.

This case study appeared in – Marketing Magazine

Aug
30
2011

Fast forward your tactical marketing plan

All successful marketing projects have one thing in common: they start with a plan.

When working with business owners, I find the best marketing plans are ones that are tactical and consist of a series of actions all aimed at gaining more sales in an organised and well thought out manner.

My view is that a marketing campaign without a plan is about as good as a thesis without research.

Here are tips on how to put a tactical marketing plan in place.

Plan it out

Organise a meeting with your team. Have an agenda based on the steps below, so a scribe can simply fill in the blanks and jot down any new points that arise.

Rally the troops

The best plans are achieved through think-tank scenarios, so in your meeting, gather the following information.

  • Marketing Objectives

Depending on the type and size of your business, your goals may vary, which will have a flow-on effect, determining later ‘bits’ in your action plan.

No doubt you will want your strategies to be traced back to sales or more customers. As an alternative set of thinking, increasing the value of sales per customer can be an alternative way to focus on increasing sales, and in most cases is more effective.

  •  Target Marketing Definition

Segment the market based on customer characteristics and demographics, then paint a picture of the person you’re selling to.  Who they are, what they like and how do they like to be sold and communicated to?

  • Current Market Position

Before you decide where you are going, look at where you’ve been. Consider why and how your customers do business with you. How are you perceived in the marketplace, and how do you describe what you offer?

The market position of your product must stand out against a backdrop of competitors, so carefully develop a ‘unique selling proposition’.

  • Strategies

Thinking about your marketing mix is important here – some ideas include:

-       Advertising

-       Direct marketing

-       Sales promotion

-       Sponsorship

-       Communication methods

-       Aesthetic appearance of business and staff

-       Range and standard of sales literature

What suits your product and service offer best and where will you get the best ROI?

  • Action Plan

Develop a timeline of when things should be done, and be sure to include dates to monitor results

  • Monitoring, Evaluation and Control

A great tactical marketing plan is a complete waste of time if you don’t allocate time to monitor and evaluate actions down the track. Have a clear picture of what exactly you plan to monitor, and who is responsible for respective areas. An action plan is a progressive project that will change and grow with the business.

Aug
9
2011

Newsletter writing tips

I am a big fan of newsletters, especially high quality email newsletters and have enjoyed great success from the Next Marketing ones.

From an ‘outsourced marketing department’ perspective, most of newsletters that I get involved with for clients are external document sent to customers or other prospective and or interested parties.

Trying to figure out if a newsletter program is right for your business?  Here are my top three business outcomes that newsletters can ‘tick off’  -

Increase brand awareness - being top of mind in the eye of your target audience
Generate sales – being in the right place and top of mind when a client is ready to buy from you
Encourage a specific action – such as downloading the latest Next Marketing eBook

If you have a newsletter program within your business, here are some tips to take it to the next level -

Writing style

Newsletter writing should be concise, crisp, informal in tone of voice as well as conversational. Newsletters should provide a nice blend of facts, updates and light entertainment.

Length

Newsletters should be around 500 words and contain multiple items to hold the readers interest.  Break up the text into as many paragraphs and stories as possible.

Content

The world is your oyster here!

Newsletters are flexible and can contain content such as -

  • Topic articles
  • Industry updates
  • New products
  • New people in your organisation

Credibility

This is critical. To preserve your credibility with readers, avoid too much self-congratulatory or overtly promotional material. Select material that has impact and relevance to your readership in favour of platitudes and clichés.

Got any of your own newsletter tips?  Please share here.

Jun
28
2011

What is Strategic Marketing?

Strategic marketing is one of those ‘marketing terms’ that seems to get used a lot in conversation and marketing materials.  However my guess is that the term itself is not as widely understood as it is quoted.  The key question really is ‘what is strategic marketing’ and how is it relevant to everyday businesses? To unlock some of the mysteries around this term, let’s start with a definition.

 

A definition you say, sounds easy right?  Generally a quick check of Wikipedia solves that, but on this occasion it seems to be where the problem starts. There is no definition of strategic marketing in Wikipedia.  So I turn to the Oxford dictionary and have better luck.  Oxford describes the term as “the action or business of promoting and selling products or services, including market research and advertising.”  This for me is really the definition of marketing not strategic marketing.

Based on the Oxford definition, there may be a case to argue that all marketing is in fact strategic. However, in my opinion, that is not the case. There is a big difference between strategic marketing (thinking) and tactical marketing (doing).  Here are some examples to demonstrate.

This is strategic marketing.

Strategic marketing is a ‘thinking process’ rather than a series of tactical ‘doing activities’.  The thinking comes first and the actions (tactics) result from that.  The strategic marketing thinking process poses questions such as:

  1. What problems do my customers have?
  2. How can our product/service lead to improvements in our customers’ lives?
  3. What are the core customer motivations that lead to sales?
  4. What other things are happening in our customers’ lives that may effect our sales?
  5. What will the customers be expecting from the market and us next?

The answers to these questions form the strategy around your marketing activity, or better still can be described as the strategic marketing process.

These steps help to define your target market, what products and services are going to deliver sales (profit) and how to position your marketing communication materials.  The tactics came now.  Heaven!

Is strategic marketing really that important?

Now that we know what strategic marketing is, the key question is, does strategic marketing matter and is it important?  The short answer is ‘yes’.

The fact is that all the best marketing is done with the customer in mind and ‘thinking before acting’ is a proven way to get better results.

Is strategic marketing always relevant?

In my experience, very new businesses may in fact benefit from a more tactical plan at first to put their feet in the water and get a feel for how consumers respond to their product. Creating a long-term strategic plan could wind up being a waste of time on their part at the very start.  Later down the track though, when the business has a better idea of how things work, a strategic plan is then required.

In summary, strategic marketing:

  1. Comes first, that is before the tactics
  2. Focuses on big picture customer needs
  3. Attempts to marry customer needs with the overall company direction.