Posts Tagged ‘online marketing’

How Much for Online?

Monday, November 15th, 2010

It’s marketing budgeting time, the annual discussion we have with all of our clients. Our position has always been that it’s important to surround the “sweet spot” on all sides; in 2011, that remains an online and offline world.

In fact, last year, according to our annual study conducted jointly with Hearst Publishing, 56 percent of budgets were spent on traditional tools and 44 percent were spent online. What decisions are you making for the upcoming year? Share your insights with us, at goo.gl/h4A3.

Bring Back the Good Editors

Wednesday, September 8th, 2010

Anyone wishing for 2008 to return?  For most companies, 2008 was a year of strong performance, and many of us are anxious for those marketing patterns and programs to return.

But they won’t.  The financial collapse and global recession hasn’t been just a momentary pause in the way we do business – it’s led to a significant change in how companies operate.  It’s certainly led to a change in how they go to market.  The way we built marketing campaigns for business-to-business companies has changed structurally and permanently.  Things will not get “back to normal.”

In response, it’s common for companies to migrate much if not all of their marketing spend to an online-only world.  While we agree with the importance of the web and online marketing, we think an online-only approach is a mistake.  Companies need a balanced program, and the role of print in branding is still important.

In fact, we’ve been talking with clients about how much of the move toward online, in particular toward “user-generated” content, is actually revealing a need for filtered content that only a good editor can provide.  Here’s what we mean.

What is the engineer’s most precious commodity?  I think we can all agree that it’s time.  In light of that, engineers must turn to sources of information that will tell them what they need to know to do their jobs better, and to do so while consuming as little time as possible. 

So while it’s great to rely on search and participate in user-driven forums, I think we all can also agree that much of what we find user forums, blog comments and other social media outlets is, politely, noise that’s not really worth our time.  Engineers are coming to the conclusion that what they need is an answer to a question now, and they don’t have time to sort through noise to find it.

So the job of a magazine editor is once again becoming more critical.  Magazine editors are trained to sift, evaluate and organize.  A good editor can determine what’s critical for a reader to know, and present it in ways that are accessible, clear and  convenient.  It doesn’t matter whether it’s online, in print, face-to-face, and perhaps even in new user-generated forums that have some editing filter in front of it.

I believe that explains why some magazines have survived, such as Microwave Journal, and some have fallen by the wayside.  Magazines in tune with their audience make good use of their readers’ time.  It’s not an easy task, but as we all struggle with exploding levels of information overload, it’s a critical task that will become more central to how the engineer learns and finds information.

 

Online Marketing – Making it Work, and Making it Legal

Wednesday, September 30th, 2009

You don’t need a survey to tell you that marketing dollars are shifting from traditional media to online. Whether it’s Google advertising, company web sites, blogs or email, marketing budgets increasingly are tilting to reach their customers with online tools. In some cases, companies are moving to 100% of spending via online marketing, leaving traditional advertising and direct mail programs behind.

In the age of LinkedIn and Twitter, what’s working and why? Is email still effective? If research shows that company web sites generate the highest quality sales leads, what are the latest tactics for boosting web traffic?

Yet understanding online strategy is only half the task at hand. Fast-changing practices are challenging legal assumptions for what’s permissible in your online promotion programs. Can I buy keywords on Google that use my competitors’ names? Do I need terms and conditions posted on my site? If my salespeople build a customer contact file in LinkedIn, who “owns” those contact links if they leave the company? How should I change my employee handbook to account for company bloggers?

Presenters: Joel Goldstein, Goldstein Group Communications, Inc.
Lou Licata, Licata & Toerek

Thursday, October 8, 2009

8:00 a.m. – 9:30 a.m.
8:00 a.m. – 8:30 a.m. Registration, Networking, Continental Breakfast
8:30 a.m. – 9:30 a.m. Program

Corporate Plaza I
6450 Rockside Woods Blvd. South, Lower Level

Cost: No Charge
Register by Phone: (216) 573-6000 or Email: Wendy Kertesz – wsk@completecounsel.com

Goldstein Group/Hearst Study Shows 47% Budgets of Marketing Now Spent Online

Thursday, December 18th, 2008

Goldstein Group recently published results of a study of best practices in marketing spending for business-to-business companies, which showed that today nearly half of all spending (47%) is spent online.  The report documents how companies allocate their marketing dollars, how much they spend on print advertising, on direct mail, even on emerging social media.  The study availability was picked up by BtoB Magazine (http://www.btobonline.com/apps/pbcs.dll/article?AID=/20081203/FREE/812039997).  For a white paper describing results of the study, contact Joel Goldstein at jgoldstein@ggcomm.com.