You say you want marketing news and commentary? Well, you came to the right place. The Big Fat Marketing Blog is updated daily by the editors of Chief Marketer, Direct, Promo and Multichannel Merchant. Opinions? Oh yeah, we got em'. Don't say we didn't warn ya'.

Events : Rethinking What You Thought You Knew - Part 1 of Many

O! Hello faithful readers of the BFMB! The BFMB remains one of my favorite places to be able to free flow write. What a thrill! It’s the little things in life, ya know:)?


I have done many things in my career to help try to put things (all kinds of things) in a new perspective, to help people see things through a new lens, to sometimes even challenge the core of their belief structure in order to help them succeed in today’s new market landscape. This, without question, is actually my favorite thing to do…to stretch the thinking of individuals.


Anyone can, like a blind mouse, accept and work inside of existing structures. Others challenge the status quo because they think that there is more that can be done — much more. Just because things have been done a certain way for a long time doesn’t mean it is the correct way to do things. And, it’s never to late to start making the right decisions. Force change — be the person that says enough!


This style of thinking, of essentially questioning everything, is the new mandatory, especially given the seismic marketplace changes that we have experienced recently. If you get a chance please thumb through the BrandAnimation archive, and you’ll see me rambling about these types of things.


For example, during the emergence of the digital age I challenged traditional thinkers that were simply looking at the digital space as if it were a physical space and strategizing it as such. When, in my opinion, people should have taken a moment to pause and realize that this was a whole new world — a world where geography meant little and the ability to engage consumers took on a whole new meaning. It certainly wasn’t a time to simply turn billboards into virtual billboards –where’s the innovating thinking in that, where’s the engagement? It was a time for much, much more. I wanted to be a part of that. We built an engaging platform for Wells Fargo that is bigger, badder and stronger today then when we first started it. It has been widely adopted by school districts and many other learning institutions. Ultimately the work transcended marketing and showed the universal truth that schools were teaching algebra, but not teaching kids how to handle their finances. This is the story that ran in Time magazine among others and today it continues to evolve into the killer financial literacy app. It was, at the time, a radical idea that had to withstand a 1,000 no’s before we got our yes to proceed. We had people like Tim Collins and Gina Fung at Wells Fargo that wanted to challenge the status quo — and did — and won!


Ahhhh….So now it comes time for us to challenge something that I’ve been witnessing for some time. It’s an omni-present way of thinking that needs to be dismantled and thrown out with tomorrow’s garbage. Please - Please don’t mix it in with the recyclables as I wish to never see it again - seriously.


What needs to be dismantled? The way that companies, for the most part, allocate funds for live brand experiences, or what is commonly referred to as event marketing. Live events, over the years, have essentially earned their way up the ranks to be considered a mass channel. Yet, they are looked at and thought about, by most, at the tail end of the integrated marketing communication plan, or even worse, it’s when some companies just some some excess budget to throw around.


There are many issues that I will address in this series of articles, but the first is the most obvious shift that needs to take place.


Research report after research report shows the effectiveness of event marketing as a stand alone mass channel when utilized as part of a comprehensive, fully integrated marketing campaign. Numerous studies have been conducted and showed the key consideration metric set that most brands feel is the most valuable is consistently moved more with live events than any other media. At a quick glance these key metrics include an increase in brand awareness, brand recall, purchase intent and lastly purchase. Event marketing time and time again proved itself and that’s the reason that it has finally emerged as a mass channel.


The question is obviously ‘why don’t more brands effectively utilize event marketing as a true mass channel, at the proper level/frequency, to achieve their optimal results on a larger scale?’ As we all know, the cost per touch goes down drastically the longer the event marketing initiative is up and running.


Okay! Almost time for our first brain bending exercise. We’re going to break down the mechanics of mass channel buying. Take a few breathes…Feel free to crack a knuckle or two….ready - set - Wait for Part 2 for the dismantling to begin - Part 2 will be here soon!

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Related Topics: Promo, Brandanimation

3 Comments to “Events : Rethinking What You Thought You Knew - Part 1 of Many”

  1. Preach on, brother, preach on! I’m taking the first seat in your amen corner!

    This part is GOSPEL, I don’t care WHAT business it is: “What needs to be dismantled? The way that companies, for the most part, allocate funds for _________.”

    It’s a MAJOR hangup for most companies. They want to allocate funding along the lines of equality instead of equity. HUGE mistake!

    Can’t wait for part 2!

  2. You both are laser sharp with your commentaries. In these unconventional times requires unconventional thinking, not out-of-the-box, but blow-up-the-box and a transformation, evolution to right-brain thinking for sharpshooter focus, there is way too much of the shotgun approach with stakeholders. I used to be viewed as a space cadet in the venue and sports industries performing visionary landscaping planting the pods in the sea to ride the whitewaters of business…I decided to prove them right to gain laser sharp right-brain thinking skills taking care of the birds (spacecraft) in space.

    The time of reinvention is upon us, not tomorrow but beginning now…first order of business is to start aligning marketing (CMO office) and the CFO office with the business strategy and operations…or as Ben Goss elegantly states - ”Budgeting to a Plan” to sync up the talk with the walk for magically results.

    The chance to turn those HUGE mistakes into HUGE seizing of opportunities is upon us, just open the right-side of the mind and you will see a whole new wave of top and bottom line impact…can’t wait to hang 10 with part 2!

  3. Love it, Love it, LOVE IT!

    There must be something “status quo-ish” in the air because just yesterday, we posted “What Part of Status Quo Don’t We Understand?” on the BusyEvent Blog.

    In the events industry, ‘the way it’s always been done’ is a powerful force. Even though doing it the old way, produces sub-standard results, that level of comfort with “I know what I’ll get” is at the same time both comforting and frustrating.

    http://www.busyevent.com/blog/?p=111

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Events : Rethinking What You Thought You Knew - Part 1 of Many

O! Hello faithful readers of the BFMB! The BFMB remains one of my favorite places to be able to free flow write. What a thrill! It’s the little things in life, ya know:)?


I have done many things in my career to help try to put things (all kinds of things) in a new perspective, to help people see things through a new lens, to sometimes even challenge the core of their belief structure in order to help them succeed in today’s new market landscape. This, without question, is actually my favorite thing to do…to stretch the thinking of individuals.


Anyone can, like a blind mouse, accept and work inside of existing structures. Others challenge the status quo because they think that there is more that can be done — much more. Just because things have been done a certain way for a long time doesn’t mean it is the correct way to do things. And, it’s never to late to start making the right decisions. Force change — be the person that says enough!


This style of thinking, of essentially questioning everything, is the new mandatory, especially given the seismic marketplace changes that we have experienced recently. If you get a chance please thumb through the BrandAnimation archive, and you’ll see me rambling about these types of things.


For example, during the emergence of the digital age I challenged traditional thinkers that were simply looking at the digital space as if it were a physical space and strategizing it as such. When, in my opinion, people should have taken a moment to pause and realize that this was a whole new world — a world where geography meant little and the ability to engage consumers took on a whole new meaning. It certainly wasn’t a time to simply turn billboards into virtual billboards –where’s the innovating thinking in that, where’s the engagement? It was a time for much, much more. I wanted to be a part of that. We built an engaging platform for Wells Fargo that is bigger, badder and stronger today then when we first started it. It has been widely adopted by school districts and many other learning institutions. Ultimately the work transcended marketing and showed the universal truth that schools were teaching algebra, but not teaching kids how to handle their finances. This is the story that ran in Time magazine among others and today it continues to evolve into the killer financial literacy app. It was, at the time, a radical idea that had to withstand a 1,000 no’s before we got our yes to proceed. We had people like Tim Collins and Gina Fung at Wells Fargo that wanted to challenge the status quo — and did — and won!


Ahhhh….So now it comes time for us to challenge something that I’ve been witnessing for some time. It’s an omni-present way of thinking that needs to be dismantled and thrown out with tomorrow’s garbage. Please - Please don’t mix it in with the recyclables as I wish to never see it again - seriously.


What needs to be dismantled? The way that companies, for the most part, allocate funds for live brand experiences, or what is commonly referred to as event marketing. Live events, over the years, have essentially earned their way up the ranks to be considered a mass channel. Yet, they are looked at and thought about, by most, at the tail end of the integrated marketing communication plan, or even worse, it’s when some companies just some some excess budget to throw around.


There are many issues that I will address in this series of articles, but the first is the most obvious shift that needs to take place.


Research report after research report shows the effectiveness of event marketing as a stand alone mass channel when utilized as part of a comprehensive, fully integrated marketing campaign. Numerous studies have been conducted and showed the key consideration metric set that most brands feel is the most valuable is consistently moved more with live events than any other media. At a quick glance these key metrics include an increase in brand awareness, brand recall, purchase intent and lastly purchase. Event marketing time and time again proved itself and that’s the reason that it has finally emerged as a mass channel.


The question is obviously ‘why don’t more brands effectively utilize event marketing as a true mass channel, at the proper level/frequency, to achieve their optimal results on a larger scale?’ As we all know, the cost per touch goes down drastically the longer the event marketing initiative is up and running.


Okay! Almost time for our first brain bending exercise. We’re going to break down the mechanics of mass channel buying. Take a few breathes…Feel free to crack a knuckle or two….ready - set - Wait for Part 2 for the dismantling to begin - Part 2 will be here soon!

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Email This Post Email This Post

Related Topics: Promo, Brandanimation

3 Comments to “Events : Rethinking What You Thought You Knew - Part 1 of Many”

  1. Preach on, brother, preach on! I’m taking the first seat in your amen corner!

    This part is GOSPEL, I don’t care WHAT business it is: “What needs to be dismantled? The way that companies, for the most part, allocate funds for _________.”

    It’s a MAJOR hangup for most companies. They want to allocate funding along the lines of equality instead of equity. HUGE mistake!

    Can’t wait for part 2!

  2. You both are laser sharp with your commentaries. In these unconventional times requires unconventional thinking, not out-of-the-box, but blow-up-the-box and a transformation, evolution to right-brain thinking for sharpshooter focus, there is way too much of the shotgun approach with stakeholders. I used to be viewed as a space cadet in the venue and sports industries performing visionary landscaping planting the pods in the sea to ride the whitewaters of business…I decided to prove them right to gain laser sharp right-brain thinking skills taking care of the birds (spacecraft) in space.

    The time of reinvention is upon us, not tomorrow but beginning now…first order of business is to start aligning marketing (CMO office) and the CFO office with the business strategy and operations…or as Ben Goss elegantly states - ”Budgeting to a Plan” to sync up the talk with the walk for magically results.

    The chance to turn those HUGE mistakes into HUGE seizing of opportunities is upon us, just open the right-side of the mind and you will see a whole new wave of top and bottom line impact…can’t wait to hang 10 with part 2!

  3. Love it, Love it, LOVE IT!

    There must be something “status quo-ish” in the air because just yesterday, we posted “What Part of Status Quo Don’t We Understand?” on the BusyEvent Blog.

    In the events industry, ‘the way it’s always been done’ is a powerful force. Even though doing it the old way, produces sub-standard results, that level of comfort with “I know what I’ll get” is at the same time both comforting and frustrating.

    http://www.busyevent.com/blog/?p=111

Leave a Comment

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Enter the word as it is shown in the box above.
If you can't see the word, refresh the page.

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You say you want marketing news and commentary? Well, you came to the right place. The Big Fat Marketing Blog is updated daily by the editors of Chief Marketer, Direct, Promo and Multichannel Merchant. Opinions? Oh yeah, we got em'. Don't say we didn't warn ya'.

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