Cause Related Marketing
You can enhance your personal and corporate
image by getting involved in community organizations.
Known as passion branding, personal involvement and corporate contributions allow
your employees and customers to understand what you/your company stands for
what
types of community programs you support. Each
of these organizations has regular meetings, special events and other highly visible
opportunities for networking.
Political Functions
Political meetings, fundraisers and the
political process are great ways to get involved in a different circle of influence in our
community. Not only are you able to
understand and track important legislation, but you are also in a position to influence
legislation that impacts business in Nevada. Political
allies prove to be very important in many areas including grants, government contracts,
and contract negotiation.
You Are Selling A Dream
No matter what the product or service you
are offering, your company is fulfilling your customers dreams. Remember that point when you feel tentative in a
room of political movers and shakers
or a non-profit fundraiser. Understand your products and services well enough
to develop your own Sound-byte
a short phrase that succinctly defines your company. If your customers are really better off with your
products or services, then any professional effort to showcase your company with a
prospective client is justified.
Advertising vs Public Relations
Public relations allow editorial treatment of
your products and services. In many cases,
you are personally profiled in the PR Release. Typically,
the successfully placed press release is better read and delivers more results than
advertising campaigns. Public relations
campaigns tend to be a fraction of a similarly focused advertising campaign.
Leveraged Marketing Platform
Through corporate and personal sponsorship, you
can leverage a small advertising budget into a much larger impact --- look at the Founding
Sponsors of the Reno Tahoe PGA Event. Nearly
full page advertisements promote the event itself with careful recognition of the Founding
Sponsors in each advertisement plus the television and radio mentions of sponsors. By sharing a special event, these sponsors have
leveraged their marketing platform exponentially, many times receiving high multiples of
their investment. Special Olympics
Celebrity Winterfest 99 raised over $ 350,000 for the charity but delivered over $ 600,000
in advertising, public relations and promotion reaching several million impressions in
California and Nevada. A $15,000 sponsorship
was leveraged into a $ 600,000 marketing campaign.
By the year 2003, it is estimated that over $
578 Billion will be spent over the Internet in E-Commerce sales of products and services. If you have not positioned your company over the
Internet for this tremendous opportunity, you are missing the largest networking
opportunity of all.
Affiliate programs are being developed by
Internet companies to offer E-Commerce opportunities to smaller websites and a method to
generate more visitors to your site as well as revenue streams. For instance, Art.com offers designers a way to
sell artwork to your customers and rewards you with commissions on each sale. Amazon.com offers you the opportunity to assemble
a custom library
for instance, a realtor could assemble a library of books on real
estate, investment in real estate, architectural design, Northern Nevada, cookbooks,
kitchen design, bathroom design
and they pay you 15% commission on those
books.
If you have not addressed your website design,
updated the content, laid the groundwork for
E-Commerce, and developed your marketing platform to
include Internet solutions, you will be left behind as technology drives the sales of
products and services. |