Archives for March 2009

How To Reinvent Traditional Marketing for the New Economy

You may have seen President Obama's appearance on Jay Leno a few days ago.  This was an historic moment. Why? —Because Obama is using the "old" media in new ways to market his agenda. Instead of holding a stuffy press conference where everyone is reading between the lines of his carefully planned script — to find out what he really has to say – he got out there in the mainstream media, took a chance,  and used television in a way only the President of the United States could.  I suspect what he was really doing was warming us up for his press conference tonght.  And yes, he did make an offhand comment for which he had to apologize, but guess what?:  That may have done more to build his credibility and authenticity than anything else he said.  He shoots.  He scores!

In my previous blog post I commented that traditional media outlets are dying.  My premise is they have to reinvent themselves in ways that they have not yet imagined.  To my surprise, exactly five days later there was a two page spread published in the USA Today that agrees with me, while also adding some excellent supporting data.  They note that they themselves, as well as those newspapers that have already gone under, will have to dramatically change their approach and invent a model that presently doesn't exist.  I believe they can accomplish this because they seem to clearly understand what is going on.

How can you reinvent your marketing efforts in your business?  Social media marketing is an obvious choice if you are an entrepreneur.  You may now be using this new marketing platform in the new ways for which is was intended.  That's good.  Now ask yourself how you can reinvent your traditional ways for more impact, a greater reach, and great profits. 

You are the boss.  You are in control of your marketing.  Nobody is holding you back.  Your only limitation is your imagination.  What would you do if you were NOT limited by traditional thinking?  This is what is going to bring you, me, and many other entrepreneurs out of this economic funk that we are all finding ourselves in. 

2009Mar21_ObamaStart with what's working now and think about how you can flip it upside down for new results.  That's right, just turn it on its head!  Consider what has not worked that you could now advantage yourself of by applying it in new, different, or better ways — maybe even using social media.

The new model for success in this economy relies on the value you are able to bring to your marketplace.  What do your customers really want to know?  How can help them?  How can you deliver that message in a way that it will stick – and bring more business to your door?  You know your customers and your business better than anyone. You just need to turn a few things upside down, throw them right out the window, or get your team together to blow open the doors of your business in transformative ways.  Reinvent, reform, rebuild – for greater rewards.

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Why Traditional Marketing is Dying: And New Media is Soaring

The Persian poet Rumi, a deep thinker who lived approximately 1000 years ago, said this:

“When I die I will soar with the angels
When I die as an angel, what I will become you cannot imagine.”

This is how I see marketing today. Traditional marketing is dying – due to technology, the green trend, and most recently, this challenging economy. We are beginning a new era of soaring with the angels of  new media.  And new media as we now know it is just that – something new, whose time has just begun.  Therefore, to paraphrase Rumi, what marketing will become in the next few years is something we cannot imagine. This is exciting to many of us, and it scares the hell out of the rest!

Do you remember when it was exciting to get your name, or better yet, your photo in the newspaper?  Kids today couldn’t care less about this.  Where’s the excitement in that when they have complete access to a multi-media platform through sites that include YouTube, Facebook, and MySpace?  They have grown up with the ability to broadcast their message to the world?  A news story in the local paper is about as exciting to them as a worn out textbook, which is another medium that is changing.  Children today are going places that you and I cannot imagine.  I just hope I can keep up with them because that’s where business, and especially marketing is going too,  I wouldn’t mind coming along.

What then is the best approach to take in business today if you want to be relevant is a revolutionary marketplace?  The lessons will very likely come from your children.  Have you noticed they have very few attachments?  They’ve grown up in a disposable society.  Friends, technology, even experiences all come and go freely.  They have learned to gracefully move through the clutter and turbulence that is redefining how we work and live.  Now, thanks to a new economy and the green trend, there will very likely be less physical clutter.  The challenge may be learning to adapt to renewable marketing mediums that will make the current ones irrelevant.   This is especially significant to marketers whose success is dependent upon keeping pace with what is new, better, and different.

The truth is we can imagine what business will be like in the very near future if we take a shot at it.  That’s what we should be doing more often if we don’t want to get stuck in the rut of irrelevancy.  This is where traditional media and marketers are finding themselves.  You may read in the newspaper that your local editor is “on Twitter too.”  That’s cool – except the problem with that is Twitter is their competition.  They just haven’t realized it yet!  It’s how many of us are getting our news today.  That should be a wake-up call to all of us.  Business is and will continue to change and reinvent itself as we grow with technology and deal with larger global issues.  Here’s the good news:  We all have the same basic capabilities.  Your limitations are only those you imagine.  If you think social media is playtime and not a serious business tool.  You are correct.  If you think you can’t learn the new technology, you are correct too.  If you can imagine soaring with those angels who will be the next generation of new media marketers, then you’re going to be just fine.  And I’ll be right there with you.

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