Tuesday, January 27, 2009

Never Miss a Chance to Have Sex or Appear on Television


Courtesy of novelist, screenwriter, politician and modern day philosopher Gore Vidal....and for those that are questioning or pondering the strategies that are being proposed by your PR and IR wizards.

Or those that are scratching your heads about the most recent posting here..
:)

Sunday, January 25, 2009

Marketing & Comm: Brandishing Your Brand


Rule 201 Brandishing Your Brand..

Every 'spinmeister' will have a different opinion when it comes to the best way to execute what's otherwise known as a 'stunt'.

You've created buzz, and along the way, you've created suspense around the buzz. You've got thousands of people on the edge of their seats. But, unlike a TV melodrama that plays once a week; your story is being broadcast 2x a day. So you need to have that much more horse power in the engine.

But the gas only lasts so long. So you go for the electric shock as a booster. That's fine. Its in every PR playbook.

Here's a tip: Don't do it unless you have a plan for the "post-electric shock" phase.

Friday, January 23, 2009

PR Positioning via Positive Messages

PR pundits pride themselves on being able to spin a client's value proposition.

The fact is, the best 'spin' isn't spin, its really about positioning a client that has a real value proposition.

Especially when targeting an 'institutional' audience; ones that are not only a bit cynical, but are actually pretty smart and contrary to what most PR spinners think, can actually read between the lines when it comes to IR and PR pieces. They get put off by crafty , "infotorials", and embrace articles that demonstrate objectivity--and most importantly, the underlying integrity of the topic of the piece.

We've actually received lots of kudos about a 'piece' prepared for a very solid client. Click on the title link and make your own decision!

Tuesday, January 20, 2009

Social Networking & Financial Services

Speaking of Institutional Investor; their flagship print publication, which comes out once every two months, allocated a page in the current edition to a topic that we've been espousing since we started blogging here a few years ago; using digital social networking applications as a means to enhance their respective brands, and connect more closely with their clients.

Here's the first two paragaphs of the article...
Financial services companies are getting personal. They are adopting the techniques of social networking — blogs, online forums and chatrooms more commonly associated with trendy virtual communities like Facebook and MySpace — to engage and communicate with their (generally younger) customers and come up with new product and marketing ideas.

An October report by Corporate Insight, a New York–based research firm that tracks financial industry services and strategies, indicates just how rapidly social networking has been spreading through the once-stodgy world of finance. In spring 2007 there were just a smattering of blogs and other interactive features, often lumped under the Web 2.0 rubic...now, 11 of 70 companies polled in the study have incorporated social media into their Internet platforms, and 70% operate "online communities serving self-directed investors or small-business owners.... ..Some firms have also started usings blogs and forums to serve clients and prospects alike.."

For those with half empty glasses, 1 out of 7 might not be a trend worth following. But when learning that Charles Schwab increased its Gen X client base by a whopping 32% as a result of feedback garnered via its online blog research, that makes the stodgy financial marketers wish they had cleaned off their glasses when this blogger was pounding the tables on the topic as recently as last year.

Yes..for a financial services firm, on-line applications that facilitate open communication between customers and between customer support staff presents a variety of compliance issues.

But one would think that a 32% increase in customer accounts might be worth throwing a dozen or two bodies at the opportunity. We'd be happy to lend a hand or some guidance to those financial service firms that think out of the box.

Friday, January 16, 2009

Dealing With The Press: Double Edge Sword & Dancing With Edward Scissorhands

For anyone that chooses, or is obligated to speak to media reporters, there's a common misconception when telling certain reporters that what you are saying is "off the record"and that it will actually be kept off the record.

Even when there's an exchange of email correspondences in which the reporter agrees to keep it off the record, and/or to not mention you as the source. Dancing with reporters is about as tricky as dancing with Edward Scissorshands. Instead of a two-step, it can become a double-cross.

Sure, you want to help get a 'story' out there, and you want your 'slant' to be incorporated--but you'd rather not have your name mentioned.

When you do that, don't forget that reporters are more determined to have their slant dominate the article. So, the odds are high that anything you say will be taken out of context. Sometimes the reporter does that intentionally; that's called muckracking. Sometimes the reporter does it because you have too much to say, and they decide which comments are most relevant or most poignant.

Most reporters honor the protocol of "off the record". Some get confused.

For example, NYT's Joe Nocera is finding himself in a bit of conundrum in his coverage of Steve Jobs, as evidenced in recent columns that he's written, including his mention of "off the record" comments that Jobs made with regard to his health. Dicey stuff. Both for Jobs, one of the most prominent CEO's in the world, and for Nocera.

Some reporters blatantly violate the code of honor regarding "off the record".

Case in point, a publication called Wall Street Letter. One of their reporters was 'tipped' via email about a story, and through great perseverance, the reporter actually identified the source, including phone #, and followed up to solicit a comment from the tipster.

In the telephone call with the source, and subsequent email exchanges, the reporter (Alexandra "Allie" Zendrian) acknowledged and agreed to keep the 'source' name out of the story. The next day, the publication ran a story that was not only completely out of context, but in addition to identifying the source's name and company, the reporter actually wrote, " when asked, [source] had no comment..."

What the source had actually said to the reporter was, "I won't comment on the record, and I won't engage in a conversation and share with you the tidbits if you publish my name.." The reporter agreed to the terms of engagement, and documented that agreement in a follow up email.

The most telling part of the story was when the tipster discovered the article online and sent an email to the reporter, as well as the senior editor and the publisher in an effort to extract a explanation for the 'outting'. Executives at Wall Street Letter had no comment..

In this case, it wasn't a "disaster" for the tipster, and some would say 'any news is good news' when you're trying to get a mention in the media. The particular publication is not widely read, and given the state of Wall Street, its fair to guess that their paid subscriber base and readership (securities industry traders and brokers) is down to a few hundred people. And few of their readers know, or actually care about the source being "outted".


PR/IR and Marcomm Rules to Remember:

Rule 1. Unless you have an existing relationship with a specific reporter, or have otherwise been given to understand they are generally honorable, be circumspect about what you say to them.

Rule 2. If executing a "guerrila"PR or IR tactic via emails to reporters as a means of stimulating interest in a story, but don't want to be identified as the 'tipster', don't use an email address that can be easily traced back to you.

For example, if you've previously published a document on the internet that incorporates your email address (a resume for example), your email address can be easily Googled, and in turn, your identity is easily unmasked. Even if you think you've removed the document from the internet. Once its up there, it stays up there.

That said, we know that even the very best Marcomm Gurus forget some of the basic rules of engagement. This 'case study' should help remind you not to forget.

Tuesday, January 13, 2009

Poll Says: 65% of Senior Execs Don't Know Internet Metrics

Almost astounding. We informally polled 100+ senior execs (encompassingCEO, CMO EVP Sales; EVP/IR; and EVP Communications) and 65% of them told us that "really didn't know" the data points with regard to their company's online strategy

Little things (not); like: search and visitor metrics with respect to their company's corporate website, or their on sales site.
i. most visited day(s) of the week
ii. most visited hours on each day
iii. the daily/hourly frequency of online searches i.e specific phrases, or words.
iv. most popular key words that drive traffic to their site(s).

Without knowing the above (and other) data points, how can you justify your online ad spending and related "sales/marketing/awareness" campaign strategies?

Without this data, how can you know that your sales people are actually missing critical sales opportunities?

Without this data, how can you have a true grasp and understanding of who your customers are?

Basic stuff, right? 65% couldn't answer the questions. This is the exactly the wrong time not to be able to answer those questions.

Saturday, January 03, 2009

Trifecta Win: Click, Brick and Free Booze



I'm raising my glass to Jason Fried and Seva Granik, two innovative guys that are cashing in (relatively speaking) on a great concept for this this period of "economic reflection." (Yes, this is a phrase that we've coined, but won't trademark--we'll make it available to anyone that wants to use it).

A website with alert messages that keeps an ongoing list of establishments offering 'free drinks".
This appeals to just about every "hot button":

1. Combines click and brick portability
2. The perfect DMA
3. Social Networking
4. Compelling content
5. Perfect for Sponsors
6. Free Drinks

I'm lovin' this! Cheers!