5 Tried and True Marketing Laws – Still Today

In crazy times, like a stock market plunging and gaining day after day, it is hard not to be overly reactive.  One thing doesn’t change, and that’s the value of your database, your list of customers/members. The customer or member information that you have captured in a database is a gold mine.  Every transaction performed and communication with the customer/member gives you vital data that can be used to enhance marketing efforts and stretch your marketing budget! Here are some …

The Missed Social Opportunity – Facebook Does Rule

Consider how social media is our FREE test group! The world of Facebook is ever growing, more users sign up everyday and our opportunity to “market” through social media is increasing. Here are some statistics: Facebook has more than 500 million active users 50% of active users log on to Facebook in any given day Average user has 130 friends People spend over 700 billion minutes per month on Facebook More than 30 billion pieces of content (web links, news …

The Philosophy of Marketing – Use This Advantage

What is your philosophy of marketing? Do you believe it is essential, valuable and requires the commitment of the best professional minds in the organization? Or, is your philosophy of marketing that it is a necessary evil, that anyone can do it with some guidance? The marketing concept is a philosophy. According to the MarketngTeacher.com, “it makes the customer, and the satisfaction of his or her needs, the focal point of all business activities. It is driven by senior managers, …

Brands Live or Die – 3 Marketing Connections

When studying marketing in college, the description of marketing that has remained my foundation was: “The process of getting a person ready to buy your product or service.” By virtue of building a relationship with someone to get them ready to buy, it is clear that a brand lives or dies according to the attention to this process of “marketing..” Here are three connections to make with consumers to build marketing success: Connection 1 – A person must see, hear …

Time to Create a New Marketing Business Model

In this crazy economy, things keep changing so quickly that it’s time to create a new approach to using media. I have become fascinated with the claims that traditional media is dead and stumbled upon Deloitte’s fifth edition ‘State of the Media Democracy‘ survey that provides some insights into the use of media by consumers. In their report, the findings were the following percentages of media viability: Television – 83% Magazines – 50% Online – 47% Newspapers – 44% Radio – …

Want Loyalty? Get a Dog or Change Up Your Brand Story!

Every business wants to have a stable and growing group of customers/members.  Yet, customers/members by nature are fickle because all are social animals. And, as a group, we like to talk about the next newest thing that we have done or purchased. Once someone tells us of their new purchase or activity, we begin to weigh it in terms of our own likes and dislikes to see if we should change to the new thing or not. In the social …

3 Ways to Grow Market Share

With marketing budgets still feeling the pinch of a down economy, senior management teams still are pushing for growth. Sometimes the goals are unattainable, given that last year, most organizations were flat or retrenched in loan portfolios, slowed or stalled in deposits, and grew 1-2% net in membership. So how does a marketer plan to support achieving the corporate goals when they seem unrealistic and there is fewer budget dollars to use for lead generation? Here are three ways to …

Credit Union Sustainability-Marketing Planning for 2011

My Marketing Strategy Nicolette Lemmon, President & Founder Continuing our discussion on Credit Union Sustainability, here is another marketing consultant’s perspective – mine! As President of LemmonTree Marketing Group, a strategic marketing consulting firm for credit unions, I am here to stress the important facets to keep in mind while planning your marketing strategies for 2011.  All things must be considered such as having a multi-layered plan that considers the lifetime value of a member, as well as, creating a marketing flywheel that touches all of …