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Jumping on the podcasting bandwagon

August 29, 2018

As we march towards January, I am devoting my time here to talking about some of the channels and marketing tactics that you need to have in your consideration set for your 2019 marketing plan and one that rises to the top of that set is podcasting.

Previously, I shared these statistics:

• The average US adult now spends over 100 minutes a day watching digital video (eMarketer)
• 26% of US adults listen to at least one podcast a month (statista.com)
• 65% of B-to-B marketers use infographics (Content Marketing Institute)
• 55% of B-to-B marketers use webinars and webcasts (Content Marketing Institute)
• 40% of consumers form an opinion by reading just one to three reviews (BrightLocal)
• 92% of consumers visit a retailers website before making a purchase (Episerver)
• Online adults 18-34 are most likely to follow a brand via social networks (MarketingSherpa)

And most recently, we explored how you can leverage the popularity of video as a channel and now I want to turn our attention to podcasting.

Podcasting came into being back in the 1980s and in those days, we called it audio-blogging. The content wasn’t very accessible because technology hadn’t caught up to the idea, so it was really a niche way of communicating to a very small audience off of a website. With the advent of broadband internet, portable digital audio playback devices (think iPod) and iTunes, podcasting became a viable thing in late 2004.

Fast forward to 2018. Podcasting is on the cusp of being very mainstream. 44% of Americans (12+) have listened to at least one podcast and 26% listen to at least one podcast a month. Podcast listeners are an affluent, educated consumer, with over 51% of monthly podcast consumers earning $75,000 a year or better. (Edison Research)

One of the reasons podcast adoption is growing is that people can listen while doing something else. Listeners report binging on their favorite podcasts while they’re commuting to work, on the treadmill, walking the dog or cleaning the house. Given the reality of how we multi-task, the appeal of being able to consume information while accomplishing other tasks is very appealing.

If considering a podcast, remember this is not a sales tool. This is about you making your audience smarter/better or entertaining them. Umpqua Bank’s Open Account is an insightful example. Their premise is that people are uncomfortable talking about money and the podcast takes an unconventionally honest approach to talking about financial struggles, pressures and stress and how people have overcome them.

This is about creating an audience that becomes your community by demonstrating that you understand who they are and what they need. Once you’ve done the hard work of getting all of your technology squared away and are producing podcasts, you’ll also enjoy how that content can be sliced and diced.

From one 60-minute podcast, at a minimum, you can create:

• 1 podcast episode
• 1 article to submit to a trade or specialty publication
• 2 video clips
• 2 blog posts (1 based on the content and 1 announcing the episode release)
• 10 tweets quoting you or your guest
• 3 FB posts
• 3 Instagram quote graphics
• 3 Pinterest graphics
• 1 Linkedin article
• 1 webinar
• 1 lead magnet piece of content (ebook)

That’s 28+ pieces of relevant, branded content. It’s hard to beat that from an ROI perspective. Not only are you building a community but you’re also building out your content calendar.

A podcast is a commitment. The last thing you want to do is launch one and then stop producing it. But when done consistently and well – it’s a very unique and effective tool for building lasting relationships with your customers, prospects and referral sources.

 

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You’ve got to multiply

August 22, 2018

The new year is fast approaching and as you start working on your marketing plan for 2019, you’re going to need to multiply. Consider these facts.

• The average US adult now spends over 100 minutes a day watching digital video (eMarketer)
• 26% of US adults listen to at least one podcast a month (statista.com)
• 65% of B-to-B marketers use infographics (Content Marketing Institute)
• 55% of B-to-B marketers use webinars and webcasts (Content Marketing Institute)
• 40% of consumers form an opinion by reading just one to three reviews (BrightLocal)
• 92% of consumers visit a retailers website before making a purchase (Episerver)
• Online adults 18-34 are most likely to follow a brand via social networks (MarketingSherpa)

Today’s consumer isn’t living a mono-channel life. We can’t get locked into one channel and hope that we can actually create an on-going conversation. We have to stay interesting and helpful for a longer period of time because we don’t control the pace or place of the conversation anymore.

We also can’t present our messaging in only one format. We have to stay interesting and multiply if we’re going to survive the long haul of earning and keeping our audience’s attention.

Your prospects can stay in the consideration stage for a day or a decade, and we need to be able to not only wait them out, but we also need to work hard to stay on their radar screen for that entire time. Marketing is becoming an endurance sport, and we have to hang in there long enough to have a shot at winning the new customer.

Life is not linear or logical. If we’re trying to be a part of our audience’s narrative, we need to be where they are, and as you can see by the statistics I’ve given you, they’re all over the place. I’m not suggesting that you need to dominate all of the channels, but you need to carefully consider which mix of them make sense for your product, service or brand.

To know which tactics will serve you best, you need to truly understand the buyer’s journey and where along the way they intersect with different mediums. As you can see from the data I’ve shared, odds are your potential buyers are consuming a little bit of everything, from infographics to webinars to videos. You also need to understand how to multiply – how to present your brand’s products and services in the best light. Does it lend itself to a visual presentation? How critical is data to the buying decision? This is all about knowing your buyers and what you sell and figuring out how to make the most effective connections.

The multi-channel approach will serve your organization well. It allows you to show up in many places, with the same consistent messaging so that those impressions stack upon each other and over time. Remember the know • like • trust continuum we’ve talked about many times. Consistency in messaging moves the prospect along that continuum more quickly.

Multi-channel also means you’re more likely to connect with your potential buyers on the channels where they feel most comfortable. We hear better and understand more deeply in our native language. The same is true about our communication channels. If you connect with a prospect where they spend most of their time, they’re less distracted and more open to hearing what you have to say.

On the flip side, trying to juggle multiple channels is a drain on your resources. So you’re going to want to multiply or choose carefully and judiciously.

Stay tuned because we’re going to explore each of the tactics (video, podcasting, infographics, webinars, webcasts, reviews, websites and social media) and identify how they might fit into your plans for 2019.

 

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Channels to consider for 2019- Video

August 15, 2018

We’ve been talking about some of the channels  – email, reviews, video, etc. – that I think every organization needs to consider as they build out their 2019 marketing plan based on data that suggests they’re too big to ignore.

Back when I started my marketing career 30+ years ago, video was a very different beast than it is today. Back then, when we produced a video for a client, it was an incredibly expensive endeavor and took weeks, if not months, to plan, execute and complete. A $50,000 video shoot was considered low end so unless the client was huge, it was a once every few years sort of luxury.

The other big difference with video back then was distribution. There was no YouTube or Internet to use as a way of getting your video in front of your audience. You had to assemble them at a meeting, trade show or some other event and actually run the video while they were in the room. To even type those words sounds so absurd today.

In contrast, this year the average US adult will spend over 100 minutes a day watching digital video (eMarketer). Video has gone from a “few can afford it” marketing tool to one of the most common and one of the most effective.

Brands are producing videos on the fly and publishing them within an hour (if not faster) of being shot. Tools like Facebook Live are bringing us the ability to publish on the fly, and the biggest shift of all – our consumers’ perceptions of these raw, less produced videos has completely changed. Consumers appreciate the authenticity and real-time aspect of the shoot and show style we’re seeing more of today. They aren’t judging the value of the content based on the production value.

Don’t get me wrong; there is still a place and a need for a well shot and artfully edited/produced video. Everything shouldn’t be a run and gun effort. But there’s plenty of room for both.

Interestingly, even though the production requirements for a successful video have changed dramatically, the best ways to use video are still pretty much the same.

Tell a story: Everyone talks about the importance of being able to tell a story in your marketing. That point of view is nothing new, but it’s as relevant today as it was 50 years ago when Leo Burnett introduced us to the lonely Maytag repairman.

Demonstrate something: There’s no better way to teach than to let the audience see if for themselves. Demo videos make the unbelievable very real and the hard to understand, very tangible.

Testimonial: This can be a blend of telling a story, touching an emotion and even demonstrating something. We all know the power of hearing an endorsement from an actual customer. It’s why ratings and reviews are so coveted today. But actually seeing the person as they tell their story of your brand and how it helped them is so much more compelling than just the written word alone.

Teach: This is an aspect of video that has exploded thanks to YouTube. If you want to know how to do something today – from swapping out a toilet to repairing your car’s engine, odds are you head to YouTube to watch a video or two before you touch a tool.

Touch an emotion: This is a tricky one. It can be the most powerful use of video, but if it feels manipulative or staged, you can lose a lot of credibility. But when done well, whether you make us laugh or make us cry – this is marketing gold.

This is probably a channel you can’t ignore. Don’t let your pre-conceived ideas about budget or timeline get in your way of leveraging this very powerful medium.

 

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Build your email list

August 8, 2018

If you’ve been following along, we’ve been talking about some marketing resolutions to help you get a jumpstart on your 2019 marketing plan – email, reviews, video, etc. Over the next few posts, I’m going to tackle these suggested resolutions one by one and help you map out how you can crush each one in 2019.

In case you missed it, the resolutions were:

• Build your email list
• Work on earning great reviews
• Produce more videos/build a YouTube channel
• Do less but do it better

Today we’re going to tackle building your email list. Having a strong email list is vital for your business. It’s an asset that you own, and you control. Very few platforms convert more consistently and continuously than effective email campaigns.

Email allows you to target sub-sections of your list, be personal in your delivery and really take advantage of the one to one medium. But before you can take full advantage of your email list – you need to have one.

Make your content something they actually look forward to receiving. While that seems obvious, very few organizations deliver on it consistently. Your content can’t be about you, your team, your special sale or some award you’ve just won. It has to contain ideas or resources that they can learn from, use or share.

Offer different types of subscriptions. Create different resources for different audiences. Help them self-select what insights would be most valuable to them and serve it without the content they don’t care about. You might also offer a variety of frequencies. One person may prefer a monthly communication while another would rather get it in bite-sized pieces every week.

Create free tools, resources or guides that you can trade for email addresses. The key to this strategy is that there has to be a lot of meat on the bone. You can’t earn your prospect’s trust if you skimp on this kind of content.

Create links to capture email addresses throughout your website. Don’t just count on your “sign up for our newsletter” button on your home page. Pepper opportunities for people to join your email list on a variety of pages. Serve up different offers based on each page’s subject matter.

Use other platforms to promote your content. Email may be one of the most effective platforms, but that doesn’t mean the other platforms should be ignored. When you’ve gone to the effort of creating something that is really noteworthy – share it out. Create a private Facebook group or Pinterest board to woo prospects to get a little closer. After they see that you’re focused on adding value to their world – invite them to partake in some of your gated content.

Don’t forget offline events and activities. While we live in a digital world, there’s still plenty of analog activity that allows you to connect with people and identify common interests and needs. As you work your way through networking events, trade shows, conferences and all the other places you bump into people you can help – make those connections. After you nurture those relationships, extend the invitation to join your list so they can get even more of your goodness.

Focus on the two parallel goals in terms of your list. Grow it in quantity and also grow it in terms of engagement. You want people to reply, share, and come to rely on your regular communications. Calendar your communications, so you stay consistent and invest the right amount of time and resources, so you are always serving up something worth getting excited about, from your audience’s perspective.

That’s step one to a very successful 2019.

Next, we’ll tackle the second resolution – getting reviews from your raving fans so you can attract more raving fans!

 

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Marketing Resolutions

August 1, 2018

If you’re like most people, you set some New Year’s resolutions back in January. I have no doubt that by now you’ve stopped smoking, swearing, overeating or showing up late to pick up your daughter at daycare.

Since you’ve mastered all of your personal resolutions, what about your professional ones? Maybe you’ve made some headway or even mastered a few of them by now but my guess is that most of them have gone by the wayside in the day to day chaos of marketing.  It’s never too early to start thinking about next year and as such, I’d like to spend the next couple of weeks getting a jumpstart on brainstorming what your resolutions for 2019 might be, by suggesting a handful for you to consider.

Build your email list: Most of us check our email before our feet touch the floor in the morning. Email is such an integral part of our life that we take it for granted. But your email list is one of the most valuable marketing assets you have. People are willing to give you their email because they believe you’ll send them content they find valuable. Do that on a consistent basis and you’ll earn their trust and eventually, some of them will invite you to earn their business.

In 2019 you need a game plan for securing more email addresses and delivering a higher level of content to that list on a regular basis. There are lots of ways you can get someone to happily give you their email address. Think bigger than the “sign up for our newsletter” box.

Work on earning great reviews: When you go to Amazon or Yelp or even when you search for a specific type of business – you notice the ratings and reviews, don’t you? It’s difficult to ignore them and it’s equally difficult not to be swayed by them. Reviews are playing a much bigger role in influencing the search engines as well as potential buyers’.

2019 should be the year that you actively solicit reviews from the customers who love you. Don’t leave it to chance. Create simple ways for them to tell the world that you’re a five-star business.

Produce more videos and build a YouTube channel for your organization: Videos are such a wonderful storytelling tool and you can’t ignore that in 2019. Whether you are teaching your prospects something, trying to influence them or entertain them – it’s hard to beat the multimedia appeal of video. Don’t be afraid to explore behind the scenes content and true brand journalism as you concept your next video series.

2019 is the year to get over your discomfort of the camera. Remember, you don’t have to be in front of the camera to create compelling video. There are many cost-effective ways to produce compelling videos that connect with your audience and give them a real sense of what your company is all about.

Do less but do it better: There are too just too many options out there. Snapchat, Facebook ads, billboards, referral programs, newsletters, print ads, etc. And that just scratches the surface. Even if you have the marketing budget of Coke, you can’t do it all. So rather than trying to dabble in everything, resolve to winnow down your marketing tactics so you can go a mile deep, rather than an inch deep and a mile wide.

Make 2019 the year that you actually eliminate some marketing tactics. Identify the ones that deliver the best ROI and do them more often and better. Explore ideas on how to expand the value you deliver through the tactics you decide to keep and work on elevating your game, rather than expanding your efforts.

Pick one or two of these and weave them into your marketing plan for the upcoming year. Leverage these trends and best practices as you map our your marketing strategy for the coming year. Do that and you’ll crush your 2019 sales and profit goals.

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Using call to action triggers to drive conversions

July 25, 2018

Recently, we reviewed some of the general best practices if you’re going to run Facebook ads. Now, I want to drill down a little deeper into one of the most critical tools you have to increase conversions – the call to action (CTA) trigger.

Bottom line – if your audience does not interact with your ad, you can’t convert them. You absolutely can and should use call to action buttons if that makes sense with your message. As you’re building your Facebook ad, the ad manager will give you pre-set buttons with a variety of options from contact us to download, learn more, sign up or request time.

I know it seems obvious but choose your CTA carefully. Match the offer with the button label, so people know exactly what’s at the other end of the click.

Don’t forget about calls to action that don’t require an actual call to action button. Your ad copy might invite the audience to click on the ad itself to take an action (give us your feedback, sign up for a free product, vote for a favorite, etc.) or to answer a question that you pose either in your graphic or text.

Another element of a successful Facebook ad campaign is social proof. Social proof is public, social engagement that other users can see. This includes likes or other reactions, comments, and shares of your ad. When someone sees your ad, they’ll also see who among their Facebook connections has already interacted with the ad. These small interactions can matter just as much, if not more, than the ad copy when it comes to gaining more conversions.

For most of us, if we see a Facebook ad with ten positive comments and a couple dozen likes, we’re much more likely to pay attention to the ad than if it had no reactions showing at all.

The power of consumer-generated reviews and reactions carry over to this channel as well. That’s why, according to a study by KISSmetrics, Facebook ads with some sort of social proof had 300% more conversions, and 50% lower clicks per actions and cost per clicks.

In addition, social proof has an additional, less obvious, benefit. Social engagement boosts your relevance score, which gives you a higher priority in the ad bidding system. It’s a great way to lower your ad costs.

Once the campaign is launched, the best way you can improve the performance of the campaign is to keep an eye on the metrics. One of the most under-utilized is the Relevance Score.

The Relevance Score is a calculated metric that monitors how your audience is reacting to a particular ad. The scores can go from 1 to 10, depending on the positive and negative feedback your ads receive. If your score is below a 5, you should do some testing to see if it’s your audience, the message or the visual that is causing the disconnect.

Choosing when your ads appear (based on your audience’s time zone) is another way to increase success. By watching which times of day perform the best, you can adjust your campaign to increase conversions and reduce your cost per lead.

If you’re running ads to build brand awareness or some other top of the funnel activity, then you aren’t measuring success by conversions, and this may be less important to your campaign.

But in most cases, you’re running Facebook ads because you’re trying to drive an action of some kind. You want to give yourself every advantage you can and how you entice the audience to click on your ad is the most important step.

 

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Put your best Facebook forward

July 18, 2018

With over two billion monthly active users, it’s clear that Facebook is a vibrant marketplace. Whether you only serve clients who live within a couple of miles of your brick and mortar location or you can sell to anyone on the globe – Facebook is a viable advertising option that you should consider in your marketing plan and budget.

Beyond the sheer size and engagement level of the audience, one of the most appealing features of Facebook advertising campaigns is the ability to create a custom target audience. With the Facebook Custom Audience Tool, you can upload a list of contacts (emails, phone numbers, etc.) and create a lookalike audience that will allow you to target others who fit the same profile.

Don’t have a list? No worries. You can segment your target audience by elements like zip code, interests, demographic information or a combination of them.

The ability to hyper-target to a finite audience also allows you to manage your budget more effectively. There’s very little waste when you do it well. Every ad is going to be seen by the audience you want to reach.

Before you start to create your ad campaign, you need to decide how success is defined. Do you just want to put your business on the audience’s radar screen? Do you want them to click on the ad to get more information? Do you want to drive them to a landing page where you could offer them a digital asset (ebook, audio file, checklist, etc.) in exchange for their email address?

Once you’ve decided on the desired outcome, you need to follow some best practices to help you get there.

Remember that the ads will be appearing on Facebook and Instagram, mingled with your audience’s newsfeed. You want your ads to be a part of their social stream, so pick visuals that are personal and engaging. Make sure your photos are crisp and a high enough resolution that it creates the right impression.

You can use a combination of photos, text, videos, sounds, and a slideshow to create your ads. Like any advertising channel, your success is going to depend on your ability to capture your audience’s attention.

Think about your own social network habits. We scroll through the news feed pretty quickly. Your headline needs to grab their attention, and you don’t want to create a blur of text. Focus your message on the essentials and remember, the ad’s job is to get the viewer to click to learn more. You don’t have to tell them every detail within the ad.

Video ads are quickly becoming one of the most popular ad formats on Facebook. Over 100 million hours of video is consumed on Facebook every day. Remember the 2015 ALS ice bucket challenge? That’s what the experts point to as the tipping point for social video. It’s only going to become more mainstream and popular.

One fact you need to keep in mind as you build out your video ad campaigns. You should upload and host your videos on Facebook as opposed to using a video that you’ve uploaded to YouTube, Vimeo or any other platform. According to a study by Search Engine Journal, Facebook favors native video uploads, and those videos reach at least twice as many people and because of that additional exposure, will earn more likes, shares, and comments.

Next time, we’ll dive a little deeper into some more nuanced best practices so that every dollar you spend on Facebook yields the results you want. In the meantime, start paying attention to the ads that catch your eye and how you interact with them as a consumer.

 

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Could marketing be a revenue source?

July 11, 2018

Previously, I told you about the book, Killing Marketing, by Joe Pulizzi and Robert Rose. Their premise is that marketing has evolved to the stage where it needs to be completely re-invented, and we need to think of our organization’s marketing departments as media companies, that is to say, as a revenue source.

On the surface, it sounds like quite the stretch.

The book quotes Peter Drucker who said: “the purpose of marketing is to create and keep a customer.” In this case, the authors are emphasizing the word create. They believe that marketing has moved from just persuading someone who is already interested in buying what you sell to literally creating the audience in the first place, via your own generated media.

This is where the book risks losing readers. If you run an architectural firm or serve your clients by moving their goods across the country in your truck, the idea of launching a magazine or creating a YouTube show probably holds very little appeal. But when you start considering the broadest definition of media, it gets a little more interesting and might be better aligned with what you are already doing.

The big shift in thinking here is that rather than marketing to sell a product, you market to create an audience. Once you understand that audience and earn their trust, you can monetize that relationship by knowing exactly what they need/want, offering it to them and build revenue in the process.

Instead of saying, “I want to talk about stuff we sell, and hopefully that will catch the attention of people who might want to buy our stuff” you could say, “I will talk about the topics and issues that matter to the people who typically buy our stuff. After we’ve earned their trust and continued attention, it will be easier to sell our stuff to them.”

The truth is – we’ve all been consumers of this sort of strategy. Walt Disney launched his empire by creating cartoons and movies. He then moved into TV. From there, he started creating products and experiences to serve the audience he created.

It would be easy to dismiss this idea as being reasonable for consumer-focused companies but not for the business-to-business model. But it actually works even better for the B2B organization because your audience is naturally more defined and niched.

By now you’re probably wondering what kind of media are we talking about? Here’s a partial list.

• A content-rich website that provides information and opinion pieces
• A forum or message board/group chat engages your core audience
• A weekly podcast or YouTube video
• Monthly educational webinars
• Regional events to create networking and learning opportunities
• A national event with speakers and CEU courses
• Research (you can sell the report/results) that informs your business decisions and offers insight to your audience

That list is daunting, isn’t it? It looks expensive from both a money and time resources perspective. How does that become a revenue stream rather than an ever-growing drain on your company’s budget?

• Sell sponsorships and advertising spots on many of the items above
• Charge a fee for the events and courses you offer
• Create premium content that you put behind a payment firewall
• Sell subscriptions for access to ongoing research or other media
• Build/rent out your mailing list to other companies who are interested in the same audience

I’m barely scratching the surface of what’s possible. I don’t believe this is an all or nothing strategy. Every business could bake some of this thinking into their marketing, or should we say revenue plan. It’s an interesting premise and just imagine what you could do if your marketing was self-funding!

 

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AI’S emerging role in harvesting and connecting disparate data to improve customer engagement

July 9, 2018

• 68 percent of leaders admit that second and third party data is only partially or barely integrated into current data systems, providing an incomplete view of a connected customer’s relationship with a product or brand
• Dark data, defined for this study as unstructured, untagged and untapped data that has typically not been analyzed or processed, has frustrated stakeholders who are struggling to turn this data into actionable intelligence. Some 36 percent of respondents have yet to even tackle the issue of dark data while 30 percent admit that this valuable yet inaccessible data has emphasized how much the organization collects…but how little it actually uses.
• Instead of streamlining operations, data has forced teams to spend massive amounts of time managing, manipulating or manually exporting and importing spreadsheets and reports. Other operational black holes of mundane tasks include content management and tagging (a time drain for 66 percent of respondents), journey mapping (41 percent) and forecasting (56 percent)

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Is marketing dead?

July 3, 2018

 

I just finished a fascinating book, Killing Marketing: How Innovative Businesses are Turning Marketing Cost into Profit, by Joe Pulizzi and Robert Rose. Joe and Robert are the creators of the mega-conference Content Marketing World, and Joe has written other books like Content Inc, Epic Content Marketing, and Managing Content Marketing.

Catching a theme?

The core message of their book is acknowledging that the marketing world, as we have known it since the dawn of the big three (print, radio, and TV), is our past and that marketing doesn’t have to be just a cost center anymore. When done well – brands can actually create a profit center from their marketing efforts. Instead of your marketing requiring additional financial resources – what if it generated new dollars? We’ve all heard the idea that brands should become media companies. You may not want to take your company quite that far. But wouldn’t you like to make money with your marketing efforts?

Let’s take a step back before we look at the future. Traditional marketing has been primarily advertising – the renting of space on someone else’s channel to earn attention, brand awareness and alter the consumer’s behavior. Even PR falls under that description. Instead of buying an ad, the brand or their agency would pitch their story to the editorial side of the advertising channels. Their goal was to have a story written about them or their offerings that would create the same results as paid advertising would have generated.

Along came the Internet and suddenly consumers found their voice. Until that shift, they’d been our silent audience. But as it became easier to share opinions on message boards, forums, social media channels, websites and review outlets, they got louder and louder.

Initially, as a defensive mechanism, brands began using the Internet too – creating content to fight for search engine position and to balance the consumers’ voice. But the brands discovered what probably seems to you as a very simple marketing truth – that when the brands provided valuable content and helpful information, the consumers would create a connection and magnify the brand’s reach by sharing the content and inviting others in.

On a mega-level, this is what Johnson & Johnson has done with BabyCenter.com. What started as a simple extension of their core website, it now reaches more than 45 million parents a month across the globe and offers their content in nine different languages. Eight of every ten U.S. mothers use BabyCenter.com.

Odds are your goals aren’t quite so lofty. Which is awesome because that means you can replicate your version of the results faster and with a smaller level of investment. The Internet and digital content have leveled the playing field. It’s why small brands like BigPoppaSmokers.com have crushed their competition, stolen the market share of much bigger companies and have created a brand that garners incredible amplification of their value from the consumers who love them.

The book isn’t suggesting that you abandon your core business model and become an organization that generates revenue the way a traditional media company does. Nor is it suggesting that you should abandon your paid and earned media efforts. For most organizations, there will always be a benefit to those channels.

But what the authors are suggesting is that businesses today also need a profit-generating, owned media strategy that will give you an unfair competitive advantage.

Next week, we’ll explore some of the suggestions the book offers that seem reasonable for small to mid-sized organizations to experiment with as they build out a marketing strategy and budget. Based on the book, you just may want to shift some of your dollars to some new avenues.

 

 

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