Measure Performance and See Success

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Measure Performance and See Success

George loves fantasy football. He began playing a few years ago while still in college and has continued throughout the beginning of his professional career. Fantasy football serves as a fantastic escape for him — a great way to relax and dive into the sport he’s loved since childhood. It’s also a great way to bond with many of his colleagues, since there’s a football league right in his office. The group spends many lunch breaks together, studying the latest football stats from the weekend’s games and determining how those stats will impact their own teams.

If you were to ask George what the secret is to a successful fantasy football season, he would answer, "statistics." You need to have a good understanding of the strengths and weaknesses of each player. You can use this understanding to see how performance metrics can dictate how the fantasy team performs. After players perform in real games, their every move is broken down and analyzed to determine how they would have performed according to the setups of the fantasy team. Performance metrics are an incredibly important aspect of any fantasy team.

If you’ve ever participated in a fantasy team, you’ve also been exposed to the importance of statistics and performance metrics. This fun game can provide you with incredible insight you can use to improve your marketing efforts. Here are just a few lessons you can learn from fantasy sports teams that can be transferred to marketing.

Performance Metrics are Everything

As any sports fan knows, performance metrics are continuously analyzed for every athlete. Whether batting averages, average distances thrown, or the typical number of points scored, the actions of every player are regularly scrutinized.

In marketing, performance metrics are equally important. While it can be tempting to run marketing campaigns based solely on best practices — and best guesses — these types of campaigns will have limited value for your brand. To be successful, a campaign must be perpetually monitored to see how well the different aspects are performing.

Performance Metrics Should Be Used to Guide Decisions

On the sports field, coaches will use statistics about players to form their starting lineup and opening plays for the next game. In football, for example, it’s common for coaches (and players) to study film of their upcoming opposition to determine the weaknesses they can exploit in the other team. Coaches will also use the statistics of their own team to see who’s at the top of their game and who needs to sit the game out in an effort to create the optimal lineup.

In marketing, you should regularly make adjustments and tweak your marketing efforts to reflect what your performance metrics tell you. If the metrics tell you your direct mail campaign or your email campaign is not having the desired impact, you need to examine why that may be and what you can do to better reach the intended demographic. By perpetually measuring the success of your campaigns, you’ll be able to see how well your changes perform and continue to refine your campaign. This will help you avoid spending unnecessary money on unsuccessful campaigns, while also better reaching your intended audience to bring in more customers.

As anyone who loves fantasy football (or any other fantasy sport) knows, statistics and performance metrics are critical for developing a successful team. This lesson also translates well to marketing, where perpetually measuring customer behavior will help you refine your efforts and boost your bottom line.

Jim Grant
www.GrantPrinting.com
6109 Pembroke Road
Hollywood FL 33023-2213
954-962-1020

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Drive James Bond’s Car

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Do You Want to ?

From the famous Aston Martin to the Bentley of Casino Royale, the cars of James Bond are famous enough to warrant their own Wikipedia page. Many fans who flock to the James Bond movies love salivating over these gorgeous cars and the incredible gadgets they are often outfitted with to make them even more spectacular. Like everything else about James Bond, people love the cars for their association with class, bravery, heroism, and the mysterious yet luxurious life of the world’s most famous (fictional) MI6 agent.

Of course, as anyone familiar with advertising knows, the cars chosen for the James Bond movies, just like the conveniently placed Coca-Cola, Subway sandwich, or Apple computer in your favorite movies and shows, were not chosen by accident. It’s all a part of something called product placement, and brands will pay a considerable amount of money to get their products featured in popular television and movie time slots.

Why Does Product Placement Matter?

It’s all a part of tapping into the consumer’s head in a process known as the bandwagon effect. According to the bandwagon effect, when we see people we admire or members of a group we’re a part of (or want to be a part of) using a particular product, we want to use it, too. In other words, when we see people on our favorite sitcom sitting down to enjoy a Subway sandwich with an ice cold Coke, we think that sounds like a fantastic meal option the next time we want to find something easy and fast for lunch.

Tapping into this powerful phenomenon isn’t reserved just for major brands with seemingly limitless marketing budgets. Even smaller companies can implement and reap the benefits of the bandwagon effect in their advertising. Here are some great ways to get started:

Use Images and Quotes from Real Customers

People enjoy feeling like part of a group. When you use images of real customers using your products, along with some reviews that use names (instead of just being anonymous), you help to build this type of group.

Build a Strong Social Network

People use social media to connect with their friends and family members as well as the brands they enjoy. Building a strong social network around a particular brand can help attract more people to your business. As people participate in your conversations and ‘like’ your products on Facebook, for instance, those activities will start to show up in their friends’ newsfeeds, introducing them to your brand. Similarly, if people retweet you on Twitter or otherwise interact with your brand, they’ll be spreading your company’s message. With the bandwagon effect, people will be naturally drawn to the brands and interests of their friends.

Encourage Others to Share Their Experiences with Your Brand

Encourage people to share their experiences with your brand, particularly through social media. Hold contests, and invite people to submit pictures of themselves using your products or telling stories about their use of a service you provide. Such interactions naturally help to promote positive experiences with your brand and show the number of people who appreciate your company.

Movies and television are excellent platforms for brands looking to take advantage of the bandwagon effect through product placement. If you want to see how well this psychological phenomenon can work for you, consider using some of the above techniques. Building a strong following around your brand is an excellent way to grow any business.

Jim Grant
www.GrantPrinting.com
6109 Pembroke Road
Hollywood FL 33023-2213
954-962-1020

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A Balanced Marketing Diet

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Maintaining a Balanced Marketing Diet

We all have favorite foods. If you’re like most people, your favorite food is probably not the healthiest, either. Some people have a weakness for pies, while others prefer brownies, cakes, or even just rich and delicious pasta. No matter how much we may like one particular food, however, we all know we need to limit our intake of it. No one can survive on just one single type of food.

Imagine parents trying to introduce their baby to new foods. Although they might focus on a particular food for a meal, they aim to create a rich and varied diet for their child. Each type of food has different benefits that help the child become healthy and strong. The different parts of the body all require different nutrients to keep them functioning properly. If a person’s diet becomes too concentrated on a particular food, they’ll end up short of the nutrients found in other types of foods. This can result in a variety of disorders resulting from nutritional deficiencies.

A Similar Concept Applies to Business Promotion and Marketing

It’s easy in business to limit yourself to just a few marketing techniques. You might look at the success others are having on social media and want to confine your marketing to social media. Or, if your company’s been around for several decades, you might feel reluctant to dive into new digital and inbound marketing techniques and try instead to keep growing your business using cold calls and other outbound techniques.

This level of restriction will seriously deplete your business of the growth it needs to succeed in the modern market. Just like a person who eats only pasta dishes, your business might continue to grow, but without many key nutrients needed to sustain that growth. Eventually, the person trying to survive on only pasta will notice they don’t feel as healthy as they once did, and you’ll notice the same about your business if you limit yourself to just one or two marketing strategies.

Developing a Well-Rounded Campaign

It’s important in business to maintain a balanced diet of marketing techniques. This means integrating a variety of different marketing strategies to reach your targeted audience efficiently. Every company will have different marketing platforms and systems that work best for them. Finding the right balance can help your company stay healthy and prosper.

With that in mind, here are a few steps to consider as you begin to plan an integrated campaign across several platforms.

  1. Carefully identify the ideal buyer for your brand by analyzing current customers and using market research.
  2. Determine where your ideal customers can be found through research and speaking with existing customers.
  3. Implement a campaign across the key platforms identified.
  4. Measure what aspects of the campaign are most successful at bringing in new customers.
  5. Adjust the marketing strategies to account for these strengths and weaknesses within the campaign, then run a new campaign.
  6. If particular aspects of the campaign failed to produce enough results, don’t be afraid to eliminate them and try something new.
  7. Allocate more resources to the most successful parts of the campaign to maximize the budget.

Building a successful marketing campaign is like eating a well-balanced diet. It’s important to build a healthy mix to strengthen your business and maximize the opportunities for reaching new customers. If you’re interested in learning more about beginning a new marketing campaign, contact us today. We’d be happy to help you get started.

Jim Grant
www.GrantPrinting.com
6109 Pembroke Road
Hollywood FL 33023-2213
954-962-1020

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Increase Traffic at Your Convention Booth

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Ways to Increase Your Foot Traffic at Your Convention Booth

Conventions are and always will be one of the best ways to grow your brand, build your reputation, and generate new leads and opportunities moving forward. Regardless of the type of industry you currently operate in, you won’t have to look hard to find a convention that fits your needs. Conventions aren’t only excellent networking opportunities — they’re also a great way to attract the attention of potential new customers on a massive scale as everyone in attendance is already interested in products or services like the ones you offer. It’s always important to remember, however, that simply showing up to a convention won’t be enough. If you want to generate the maximum amount of foot traffic to your booth, you’ll need to keep a few key things in mind.

Make Sure People Can Find You

When you sign up for a booth at a convention, you’ll likely be given a location by the people organizing the event. This will not only be your own little corner of the event to carve out and do with what you please, but will also be the main way people will find you during the show. The booth number you’re given by the convention organizers will be printed in the program that’s handed out when people file through the door.

One of the keys to generating foot traffic involves making sure people can find you in the first place. Remember that you’ll likely be packed in a section with potentially dozens of other businesses, all fighting for the attention of the people walking by. Things can quickly feel overwhelming for convention attendees with so much going on, so sometimes finding a vendor based on booth number alone is a lot easier said than done. The layout of the convention itself may also make this difficult, especially if sections aren’t numbered in any type of logical way.

As a result, you’ll want to make sure you have at least one element (like an oversized banner or large poster) that clearly displays your company’s name so people can find you, even if they’ve already gotten lost along the way. Make sure you place it as high above your booth as possible, so people can see it from several aisles away if necessary. Many times, you’ll find that just making yourself visible makes a big difference in improving foot traffic to your booth.

Make Sure Your Staff Is Friendly and Approachable

Once people do find you, one of the easiest ways to scare them away is to have people behind your booth who seem like they don’t actually want to be there. Conventions are tough on everybody, but can especially be tough on vendors. You’re constantly under the gun to set up your booth, deal with your neighbors, make sure all your materials are in order and more. Your staff will definitely be stressed out, but the key is to make sure they never come off that way. Everyone who walks up to your booth should always be greeted with a friendly smile and a sunny disposition. If they’re greeted with a negative attitude, rest assured your booth WILL develop a negative reputation that will spread around the convention center as the event goes on.

Conventions are excellent opportunities to grow your business — provided you’re approaching things from the right perspective. Remember, reputation alone will never guarantee convention success. Your reputation will only take you so far. You need to go out of your way to be as warm and inviting as possible to unlock the full business potential of these types of events.

Jim Grant
www.GrantPrinting.com
6109 Pembroke Road
Hollywood FL 33023-2213
954-962-1020

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