Archive for October, 2009

October 12th, 2009

Generation Y: The Who, What, Where, When, and Why of the Millennials

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by Melissa Levine, BKV  Digital and Direct Response

We at 60 Second Marketer found our own Millennial, Melissa, working hard at her job at BKV Digital and Direct Response.  She had this to say about marketing to Millennials.

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As a Millennial, I was not brought up to ask why.  I was taught to ask why not.  A product of what’s been termed ‘hot-house’ parenting, I grew up believing no feat was unattainable with enough hard work and persistence.  No team I ever played on ‘lost’; 8th place was still somehow worthy of a victory trophy.  I mention this because failing is something those of my generation do not take lightly.  We have never grappled with failure because we have been sheltered by it from our parents, our teachers, our coaches, our mentors.  Now, we are at the age where we are entering into the workforce (at least those of us who are not out teaching English in foreign countries, or prolonging our youth by continuing on to graduate school).  The playing field is no longer level  (much less win-win), the criticism is no longer politely padded, and the harsh reality of failure is always omnipresent.

While this new arena may be more challenging, it is also now more rewarding.  No longer working for a grade, we are working for a paycheck.  Finally – a tangible reward that gives us the ability to spend money at an unprecedented rate.  According to Youth Media Marketing Networks (Y2M, www.y2m.com), college graduates, who number more than two million each year, purchase $40 billion in goods and services annually.  We are hungry to see the world, to constantly acquire new things, to have new experiences, but most importantly to marketers, to share all of the above with our peers; more than any generation in the past, we are marketing either for you or against you.

You may be thinking—why should I, a successful marketer, read this blog? Well, why not read on…

Whether you like us or not we are on our way to making an impact on your company – both in terms of what we are willing to buy from you as well as how successful you are at managing us as employees.  Ernst & Young predicts that by 2010 Millennials will account for more than half of its client-serving employees (Alsop 2008).  Because of this, large companies like Goldman Sachs go so far as to conduct training programs that use actors to portray Millennials who assertively seek more feedback, responsibility, and involvement in decision making (Alsop, 2008).  Yet, these training programs are run by members of an older generation whose world view often does not coincide with ours.

So this blog serves as a free dialogue to help provide insight and solutions into our ‘Millennial mindset.’ We are commonly referred to as Generation Y, and have come to the forefront recently as the generation that many older managers find perplexing.  Born after 1980, we are the first generation to have constant access to information from around the globe.  We are the first to experience such horrific random acts of violence as Columbine, the Oklahoma bombing, and the 9/11 terrorist attacks.  We are multi-taskers who are highly educated, technologically advanced, driven and ambitious.  We complete our tasks in a timely fashion (Shepard, 2004), as long as they interest us.  We grew up with a constant influx of images, and therefore we crave variety.  We see ourselves as intelligent and thrive on challenge.  We are a generation that breaks the mold.

We acknowledge we are different and are open to discussion.  We were brought up to speak our mind, to push the limits, to ask why not.  Here’s your chance to ask questions, gain insight, learn something about Generation Y from members of Generation Y.  Hey, Y not?

October 10th, 2009

Know Your Mobile Web Visitors

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mobilel mktngA recent study done at the Nielsen Company found an increase in mobile Web visitors over the past year, and surprisingly, growth in the 13-17 and 65+ age groups comprised the largest growth of the of the total mobile Web audience. Comparing July 2008 with July 2009, here are ways you can use the stats that were found in the research:

1. Know the mobile Web usage audience:

  • youth increased 45 percent
  • seniors increased 67 percent
  • women increased 43 percent
  • men increased 26 percent

Men were early adapters, and still make up the majority of mobile users.

2. Know the top Web activity on the mobile device:

Women – a variety of sites, including online shopping and social networking. The top 5:

  • People
  • AT&T Search
  • Horoscope.com
  • Target
  • MySpace.com

Men – news, sports and online games. Their top five start with a tech news site:

  • Gizmodo
  • Maxim
  • NBA
  • IGN
  • NFL

Teens – texting, both sending and receiving. The top 5 things teens do on their mobile devices:

  • Text Messaging
  • Picture Messaging/MMS
  • Ringtone downloads
  • Instant messaging
  • Picture downloads
October 9th, 2009

Easy Effective Email: Match Your Email Marketing Formats and Objectives for Effectiveness

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at in hand

Email is where it's @.

What are your objectives in your email marketing campaign? What formats are most effective to communicate these objectives? How often should you send the emails?

Constant Contact, an email marketing solutions company, and the company we at 60 Second Online University use for our weekly eNewsletter, offers a way to match the formats you choose based on the objectives of your email campaign. Here are:

  • three typical formats
  • the informational objectives that work well in those formats
  • a suggested frequency for sending those emails.

1)      Newsletter Format: Use this format when your objectives include:

  1. Enhance awareness
  2. Increase interaction
  3. Educate recipients

Send a Newsletter monthly or quarterly.

2)      Promotional Format: This format works best when your objectives are to:

  1. Motivate purchases
  2. Generate traffic to a storefront
  3. Generate traffic to a website

You’ll want to send promotional emails bi-weekly or monthly.

3)      Announcement Format: These press releases or new product offerings are effective with objectives such as:

  1. Increase event attendance
  2. Increase donations/contributions
  3. Improve public relations

Since these are usually event-based, send an event invitation with multiple communications allowing for recipients to first “save the date”, then sign up, then get a reminder. Announcements, of course, would only need a single communication.

Constant Contact reminds us – track your responses to be sure what you think is effective really is effective. If the campaign isn’t getting the results you expected, check your format, check you objectives, check your timing, and see if you can tweak.

October 8th, 2009

8 Steps to Identify Your Ideal Target Market

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lemonade standDid you ever have a lemonade stand as a kid? Think back to where it was set up; probably on your street where potential customers would see you. No doubt you had a sign stating that you had lemonade for sale, and the price.  You knew your lemonade stand would probably not do well alongside a rapid transit rail. Seems obvious. But still many companies haven’t identified exactly who it is that they want to market towards. As a result, are wasting their marketing dollars.  Picture yourself standing by the rail track holding up a cup of lemonade and looking hopeful as a speeding commuter train whizzes by.

Here’s an article found at MarketingSource.com with some good advice for determining exactly who your target market is.

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Business owners all over have ran into this dilemma at one point or another: “Who is my ideal target market?” We want everyone to be our customer! The reality is that only a piece of the market is actually your target and most profitable. These “target” or “ideal” customers are those who are most likely to purchase your products or services.

First, you have to examine your current customer base and pull out your best customer(s) and study their characteristics. Once you have determined who your best customer are, you are ready to ask yourself a few more important questions that will determine the success of obtaining new “best customers”.

Here are a few questions to ask.

1) What area do they live in? Select certain zip codes that you would like to target. The larger area that you choose will raise your number of potential prospective customers. Ask yourself if you are selecting areas that are convenient for these prospects. If they don’t need to come to see you and you go to them, is it convenient for you to go to them? This will not only help you determine the number of potential customers but will also allow you to make things easier on you as a business person i.e. gas expenses, travel time, convenience etc.

2) Is your target customer male, female or both? Or is it the household income provider?

3) Does age matter? If you are an insurance company, yes! Bank, hair salon, or tattoo parlor, need to know whether certain age groups will be interested in your products or service. Or maybe you want to target parents, grandparents, and children.

4) How much is their income? This is very important for everyone! Remember, if you get stuck on what brackets to choose, remind yourself of the 80/20 rule. Out of the whole 100% of your current customer base only 20% are your best. What income bracket do they lie in? Then, only market to your best customers, not the rest.

5) Are they homeowners or renters? In addition, how long have they been at their current residence? What is their current mortgage rate?

6) Do they have children? If so, how many and again, what is their age group?

7) Do you look for a specific characteristic for their lifestyle? Activities such as shopping, fishing, gambling, etc., can help you identify their needs.

8) What is their profession? This is a good question when marketing towards businesses and trying to reach a specific hierarchy in the company. When you know what person makes the decisions for your specific product or service, you minimize sending your mailings to the wrong person, and reduce the chance that information will get lost in the shuffle.

Once you have determined the answer to these questions you should have a good understanding of who your ideal target market is. The next step is getting in front of them. Put together a direct marketing plan, set goals and expectations. Determine your budget and off you go!

Jennifer Spaeny
Chief Executive Officer
Postcard Planet, Inc.

For more information visit http://www.postcardplanet.com or contact Jennifer Spaeny at jennifer@postcardplanet.com or toll free at 866.427.3623

October 7th, 2009

Stop Senseless Spending on Invalid Market Research

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This guy has a bunch of useless research data.

             Poor guy....Useless research data.

Trying to spend every cent of your market research money on useless results? Of course not. Instead, read these interesting research outcomes comparing telephone and Internet based data collection methodologies. The Market Workshop, Inc. has found some points to consider when choosing between the two.  Read on, and click the link at the end to see research data.

With the increased use of the Internet as a means for data collection by market researchers, greater attention is being given to differences between Internet and telephone samples. Several factors can contribute to differences between the two – lower adoption rates of the Internet among lower-income households, the growth of cell phones, which are not accessed by RDD telephone procedures, and the fact that Internet surveys are self-administered at the convenience and leisure of the respondent.

Since 2005, we have conducted an A&U tracking study in 12 DMAs for a national CPG client. In order to ascertain the impact of switching the data collection methodology, parallel surveys were conducted in each market, completing 200 interviews by Internet using an established household panel, and 100 by telephone with a randomly-selected sample.

Be sure to consider the following points when choosing your methodology:

1. Both telephone and Internet-based methods of data collection may not be representative of your target audience – phone because the younger age groups are under-represented with the prevalence of cell phones as well as not being as responsive to surveys as their older counterparts.

2. Never switch from one method of data collection to another without a parallel study to determine which differences may be due to methodology and which are due to changes in the marketplace. By splitting the sample (half phone and half Internet) the phone portion provides current tracking data against which to compare past efforts while the Internet portion provides a base against which to measure future Internet findings.

3. Consider what measures are most needed for your study. If unaided measures are most important, it may be that the phone methodology works best. However, if aided measures such as brand ratings are most important, then the Internet may be the preferable methodology for speed, timing and access.

4. Consider the purpose of the research in choosing between phone and Internet. One example is that a self-administered Internet survey may be more objective and provide better answers if there is some degree of hesitancy of verbalizing a fear or comment on a sensitive subject (such as sex or gun control or employee attitudes). Also, there may well be situations where expanded, thoughtful answers are desired.

5. Whether the methodology is phone or Internet, over time the measures will move in the same direction. However, absolute changes should not be compared across methodologies.

The Market Workshop, Inc. research data

October 5th, 2009

Making a Customer-Focused Website

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elearning thinkingAs marketers, we know how to sell a product. But have you considered that your website is a product also? Apply some of the techniques that you know so well in marketing to “sell” your website to your customers. Make it customer focused rather than company focused, by trying these techniques:

1. Avoid the “It’s All About Us” Syndrome: The website, surely, has to describe your services and sell your product. But it doesn’t have to do that to the exclusion of meeting your customers’ needs. Can your customer find what they need at all? Can they get their questions answered? Can they get further help from a person if needed? If your website is filled only with words telling how wonderful you are, you’re making it harder for the customer to solve their problem.

2. Provide topics that the reader needs: The website should catch the reader’s attention because there’s a benefit for the reader to be there. In fact, you can even provide topics that explain what the reader needs. Whether you are listing reasons why they should use your services, or you are sharing blogs, the reader needs to see the WIIFM – the What’s In It For Me.

3. Don’t lose credibility: Be sure any claims you make on your site can be backed up. Have customer testimonials, real examples, demonstrations, and/or pictures. If the customers doubt your intentions, they won’t dance with you anymore.

4. Engage the readers: Provide places for the readers to give your company feedback, whether through a link to your Twitter or Facebook site, or through a forum.  Readers are more likely to come back to your site if they feel they are not only gaining information from it, but also contributing to it. Related Links, Live Chat, or membership privileges all engage the visitor.

5. Make it an Easy Sell: We’ve all been on those websites that took so many clicks to find what we were looking for, we gave up. Make the sections easy to find, easy to click, and easy to get back from.

Use these techniques to build a website that focuses on the customer’s needs instead of the company’s needs, and see if you don’t get better responses to your website.

October 2nd, 2009

Two Steps for Useful Meetings

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video confrMeetings lose impact when no decisions, commitments, or next steps are captured. Too often, meetings end and everyone simply goes back to business as usual without putting anything that was discussed in the meeting into action, or without even knowing what they personally should do. If you keep the format for capturing what went on in the meeting simple, you have a much greater likelihood of getting it done and getting it distributed quickly. There is no simpler way to record what went on than by writing on a flip chart the WHO, WHAT, and BY WHEN of the directives discussed in the meeting.

1. Do a round robin with everyone recapping what they are accountable for delivering. Good questions for the leader to ask to get people thinking about the impact of the meeting include, ‘Who wasn’t in today’s meeting who needs to know what we decided today?’ and, ‘How are we going to communicate this to them?’

2. Once decisions have been made and everyone knows how they will be communicated, set the date, time, and location for next meeting, making it clear that all will be responsible for reporting on the results of this meeting’s action items at the next meeting. And always distribute a brief meeting summary within 24 hours of the meeting. The meeting summary will reinforce to everyone that results are expected.

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Kimberly Douglas, SPHR, is president of FireFly Facilitation, Inc., a firm specializing in the design and facilitation of high-impact initiatives, including leadership team effectiveness and strategic planning.

For more information, please visit www.FireFlyFacilitation.com.

October 1st, 2009

How Social Networking Keeps You Connected

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When you are on a social network site such as Twitter, is that causing you to spend less time emailing? Here’s a Nielson study that found an unexpected result.

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Despite an initial hypothesis that increased time on social networks might be taking Americans away from their email,  a Nielsen Company analysis found that the heaviest social media users actually use email more, perhaps because of the steady stream of messages that social networks dump into participants’ inboxes.

For the informal research, Nielsen broke the US internet population into four groups, three that were based on increasing  levels of social media consumption and the fourth comprised of non-users of social media.

Nielsen then examined the amount of time that each group spent on email in the year before the study, and  subtracted the email consumption of those who do not use social media from those who do in order to account for  possible external forces.

The April 2009 study found that social media use appears to makes people consume email more, not less,  particularly for the heaviest social media users.  However, among those who use the least amount of social media, the opposite is true:

Jon Gibs, VP of media analytics for Nielsen, said that these findings intuitively make sense because social media sites such as Facebook send numerous and periodic status-update and notification messages to social media users’ email addresses.

Gibs also noted that “it’s perfectly logical that as people make connections though social media, they maintain those connections outside of the specific platform and may extend those connections to email, a phone conversation or even in-person meetings.”

In the future, Gibs said Nielsen plans to examine whether or not this relationship holds up across specific demographics and behavioral groups  – rather than by levels of consumption.


The 60 Second Marketer is a free online magazine brought to you by BKV Interactive and Direct Response. We try to provide quick updates on the newest tools, tips and techniques in marketing. We also try to accomplish that with a dose of humor or levity. As it turns out, we're pretty good at providing tools, tips and techniques, but we're not actually all that funny. Which would explain why people don't call us "funny" as much as they call us "laughable." Bummer. Our offices, for those of you who are interested, are located in Atlanta (404-233-0332) and Kansas City (913-648-8333). We also have offices on Bora Bora, but they don't have the phones installed yet.

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