marketing opportunities in a down economy - gangplank brownbag series - mike corak of off madison...

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Presentation highlighting opportunities to cut costs and improve marketing return in a down economy. Here's where I crowd sourced my topic (choose your own presentation from the 3) gp.offmadisonave.net

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Page 1: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Off Madison Ave

March 25, 2009

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Page 2: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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It takes more than just good ideas…

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Opportunity 1 – Review Budget Allocation

90% Traditional - 10%Online At Least 20% Online (growing)

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Page 3: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Opportunity 2 – Prioritize Expenditures

• Rank activities based on likely ROI

– Maximize exposure for most likely pay-offs first

• Search, email, relationship building

– Ask questions:

• Will this new “x” move the results needle further than smarter tactical execution?

• Is data available to prove demand?

• What can be done effectively in house?

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Opportunity 3 – Reduce Reliance on Paid Media

• Make your budget work as hard as possible for as long as possible

– Allocate budget to create assets that will last beyond the campaign

• SEO, landing pages, microsites, relationships

– Make sure the media you do purchase is highly targeted and converts

• Landing pages, rich media

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Page 4: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Opportunity 4 – Audience Understanding

• Relevant communication converts best

• Explore your client’s customer knowledge:

– Why have they converted in the past?

– What do they want? What are they saying?

– Behavior trends?

• Questions remain?

– Survey, mine databases

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Listen To The Target Audiences

Social communications findings are tremendously helpful, but what about search data?

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Page 5: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Opportunity 5 – True Marketing Integration

• Create consistent experiences across mediums:

– Is your client ready to nab interest created?

– Does offline creative and messaging match online?

– Do calls to action work efficiently together?

– Can assets be repurposed across mediums to save $?

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Opportunity 6 – Test Everything(including offline creative before production)

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Page 6: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Landing Page Testing

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Email Testing

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Page 7: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Opportunity 7 – Lifecycle Marketing

• Segment lists and communicate with current and potential customers based on:

– Past behavior

– Stated interests

– Desired communication methods (direct mail, email, mobile, etc)

– Loyalty level

• Added benefit – costs are often reduced and responses increase

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Opportunities 8 - x

• What are we missing? (added from audience participation)

– Agile Web development that allows for easy/swift site changes and testing

– Teach clients how to fish (especially with social)

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Page 8: Marketing Opportunities in a Down Economy - Gangplank Brownbag Series - Mike Corak of Off Madison Ave Presenting

3/25/2009

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Predictions for Client Demand(when larger budgets return-within 2 yrs)

• Branding and design resurgence

– Holding budgets back now

• Blurring of disciplines

• The expected norm:

– Prioritization for ROI

– Multi-channel integration

– Testing

– Cross discipline strategy including direct communication

• More agency consulting, less agency “doing”

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Thanks for your time