Archive for the ‘marketing’ Category

Afraid of What Your Web Site Inventory Might Reveal?

Tuesday, November 9th, 2010

At least every year, manufacturers, distributors and retailers typically conduct a physical inventory of their warehouses and shelves to see exactly what’s on hand. Comparing what’s actually there to what your inventory management software shows should be there and what your memory believes is there often reveals striking differences. Rookies quickly update the inventory software and move on with day to day operations. Veterans who’ve driven this process understand these differences aren’t merely numbers to be reconciled but symptoms of inefficiencies. “Of course you’re hoping that what’s on the racks matches what’s in the computer but that’s not likely to happen,” says Mike Dorsey, vice president of manufacturing for plastics design and manufacturer Meese Orbitron Dunne Co. (www.Meeseinc.com). “Any difference in the item count is an opportunity to find a hole in the process, close it up and become more efficient.” At some companies, it’s common for outdated, obsolete or just poor-selling parts and products to sit on the racks for years, being given little attention until their rediscovery during inventory. This seems how many companies approach their Web sites.

More and more companies are adding product information, photography, videos, news and other content to their sites on a regular basis but few companies seem to remove it…any of it…ever…until someone poking around the site while awaiting a flight finds something that shouldn’t be there anymore. Rather than wait for a situation like this, I recommend conducting a Web site inventory. It’s very simple. Just look at every page on your Web site, read every article, look at the pictures and captions and make sure the site is presenting your company and products in the finest possible light.

Take inventory of your Web site as often as the inventory of a warehouse is checked. Photo courtesy Tingue, Brown & Co.

Here are some common items to check:

  • Email addresses for people who are no longer with the company
  • Email addresses that send messages to nowhere
  • Product specifications that are no longer accurate
  • Products that are no longer offered
  • Videos that don’t load or take too long to load
  • Computer renderings when photography is now available
  • Once-fancy java scripts that don’t work
  • Pricing from last year
  • Trade show schedule from last year

Your customers and prospects are already doing this Web site inventory for you but they won’t tell you what they find. They’ll just leave.

Just as a physical inventory may reveal holes in the system, your Web site inventory may reveal patterns  that point to systemic flaws in how content is developed and added to the site. Establishing guidelines that address and correct these flaws helps ensure that your Web site is always up to date, complete and sporting the fresh, useful content that keeps your Google rankings high and moves prospects towards sales.

Steamboat Brochure Says Nay to Skiing

Monday, March 22nd, 2010

Ski Steamboat BrochureI’m just baffled by the cover photo on this year’s brochure for Steamboat. Oh, I can figure out what they’re trying to say because I know Steamboat is positioned as the wild west ski area, personified by the legendary Billy Kidd and his signature cowboy hat. But a picture of horses running in the snow? Really?

Someone in the marketing department may have thought this was a brilliant extension of their Old West image. Or maybe their marketing team had grown tired of showing Billy Kidd skiing through trees in waist-high powder every year – a photo now relegated to a gatefold. But it’s precisely that Billy Kidd photo that gets skiers excited to go skiing. That’s the product. And one of the most important rules in developing brochures, ads, postcards and other marketing materials is to show the product. Don’t show me horses unless you’re trying to sell me horses.

For more incongruity (yes, incongruity!), the tagline under the herd of horses states, “#1 Family Resort in North America”. For whose family? Mr. Ed’s? If Steamboat wants to attract families, their marketing team might have considered replacing the horses on the cover with the excellent photo depicting the perfect American family smiling on a perfect, sunny day under the warm, enclosed gondola. But that photo is pushed back to page eight.

Steamboat, ski, brochure

Their marketing team also forgot to test the wafer seal. My mailer ripped right through Billy Kidd when I opened it because the wafer seal was overspecified – thicker and stickier than necessary. With all the investment involved in developing the self-mailing brochure, it’s important to make sure it can be opened.

Steamboat also broke one of my personal rules: don’t try to be cute and clever just to be cute and clever. When you truly have a superior product, just say so.

Green is nice benefit but cost savings get sales

Wednesday, January 6th, 2010

Green is a nice benefit but no competent manager is going to buy a product solely for its green benefit. They buy products, equipment and services either to increase sales or to cut costs, or both. A company I work with manufactures conveying equipment that enables converters to capture their waste paper, plastic and other materials and send them right to a baler for recycling instead of paying to have a garbage company pick it up and dump it in a landfill. It also permits savings in labor costs by automating an otherwise manual process. That’s the primary benefit behind their success – the elimination and/or reduction of costs. Secondary benefits include a cleaner, healthier workplace with improved indoor air quality and a leaner, more efficient process. That these systems boost recycling and reduce landfilling makes them a green product. But it’s not why their customers bought them and were they to focus marketing efforts on their green credentials rather than on the cost-savings that sparked their growth it would likely be to their own peril.

Green is nice and highlighting it can help secure exposure in the media but it’s not the most important selling point. If it is, and if it’s not enjoying a government subsidy, then it’s likely not yet a viable product.

Forget About A Recovery?

Monday, December 21st, 2009

Forget about a “recovery”. Nearly every publisher selling ad space is claiming we’re “entering an economic recovery” or we’d “better get ready to advertise in time for the recovery” as if accepting the fallacy that the time to advertise is after the economy has recovered. Meanwhile, a small group of publishers is claiming that “the time to advertise is during a recession” and they cite studies and statistics to support their cases – and they are largely correct.

Like dollar cost averaging in a mutual fund whereby a constant amount of money purchases more shares when the price has declined, continuing to invest in high visibility marketing in the form of advertising, publicity and other vehicles during a slowdown yields substantial returns. Ads and articles running in thinner print magazines command more attention than in hefty editions, attention that is even more valuable if the competition has fled and retrenched. Online ads appear higher on the page for the same budget or bid amount. Plus ad rates are either reduced or can be reduced by a skilled media buyer. You can get more bang for the buck with less noise to drown out your message.

I’m not disputing the concept that investing in marketing during a slowdown yields a huge boost when the recovery comes around but my point is that there is no recovery coming around. The economic boom we longingly remember from a few years ago was artificially created by a series of government-driven policies involving interest rates, credit, taxation and other areas. Economic activity should not have been as brisk as it was. Therefore, to sit still while awaiting the return of another artificially created economic boom before taking action dooms your company to failure.

Instead, we need to operate not based on a hypothetical economic recovery but based on the actual economic conditions we face today and will likely continue to face for the foreseeable future. There is less low hanging fruit today than in the past. Each sale requires greater effort. More leads need to be generated to maintain comparable sales. More follow-up is needed to stay in touch as the buying cycle gets extended. More after the sale contact is needed to drive repeat business and referrals. Yet people and companies still need to buy things. They still need specialized services. The question is, “How will they know to buy them from you if they think you’ve disappeared?”

Why Discounts Often Fail to Lure Buyers

Thursday, November 12th, 2009

“20% off everything!” from Kohl’s, “$30.00 off a $150.00 purchase” from Staples and “20% off our best available rate!” from Great Wolf Lodge were sandwiched between the Plastics News and American Printer magazines in the mail. I can’t think of anything I need at Kohl’s, I stocked up on printer ink with the prior Staples coupon and with the cost of keeping the pool heated it would drive me crazy to haul the family to Great Wolf Lodge. These offers have no impact on me because I’m not sold on the need for their products.

I think many marketers have panicked. And from this week’s holiday shopping discount mailers, they’ve also gotten lazy. Price – even during a downturn – is a significant but not the most important factor in a buying decision. Discounting in and of itself can strip a product of its value. Sell me on the product or service and the price becomes secondary.

Much more on this here.