Last
updated April 26, 2007
Finding
Your Inner “Guerrilla”
“Marketing” is
a broad term that can conjure a number of associations;
from physically meeting with a prospective customer, advertising
a service or product, to strategizing events to inform
a target market. There are many forms of “marketing.” However,
one form of marketing that is quite intriguing and peaks
the interest of many marketers (wanting to capture the
strongest market share and increased profits)... is guerrilla
marketing.
The
term "guerrilla marketing" was first used by
Jay Conrad Levinson in his popular 1984 book, Guerrilla
Marketing. In his book Levinson described this
method of marketing as non traditional, low-cost or no-cost
ways of marketing, promoting, advertising, publicizing,
etc. Some may consider guerrilla tactics as unconventional
or extreme marketing. At MCS, we often call it “alternative” marketing
and consider the benefits very effective.
Guerrilla
marketing is utilized to reach the consumer while bypassing
traditional advertising vehicles. This “unique” type
of marketing was initially embraced by small businesses
with the ability to create agile, unique strategies, but
it is now increasingly implemented by large businesses.
Increased
profits and successful results are the goals of guerrilla
marketing. In general, guerilla marketing emphasizes creative
and targeted planning rather than hefty budgets and overworked
marketing ploys.
Guerrilla
marketing is a loosely defined term that describes many
types of non-traditional media. Some of which includes
(yet is not limited to) the following:
Viral
marketing -- via
social networks
Ambient
marketing -- marketing touches on all aspects of
the customer experience.
Buzz
marketing -- word of mouth marketing
Undercover
marketing -- subtle product placement
Astroturfing --
releasing company news to imitate grassroots popularity
Experiential
marketing – customer interaction with the
product
Although
there are many unconventional marketing techniques, the
following is a small sample of guerilla tactics:
Word
of mouth campaign
Social
networking such as a blog site
Interactions
with consumers directly through their daily routine
Personal
canvassing or street teams
A “headvertise” campaign
(Forehead
advertising)
“Bluejacking” sending
a personal message via “bluetooth”
Truck
and automotive signs
Distribute
an eye-catching, branded custom promotional item
Apparel
marketing – marketing on clothing
Interactive
Urinal Communicator
Advertisements
printed on store receipts
Are
you ready to find your “inner guerilla”? Creativity,
customer-oriented thinking and expanded tactics are the
first step in creating a guerilla attack on the market!
Discover
Your Demographics with Market Research
Strategic
market planning is the foundation for every marketing program,
but what is needed as a basis to make good decisions and
pull a successful plan together? Information about the
market in general (trends, industry statistics, etc.),
current customers, potential customers and target markets
(demographic, psychographic and the opinions of these people).
This information is procured via market research.
According
to Wikipedia,
market research is “the process of systematic gathering,
recording and analyzing of data about customers, competitors and
the market.” The
purpose of market research is to help companies make better
business decisions about the development and marketing
of new products. Market research represents the voice of
the consumer in a company. In a nutshell, market research
helps organizations learn more about the groups of people
they would like to sell their products or services to.
Market
research can be an expensive endeavor depending on the
depth and breadth of the information needed and the company's
situation. In many cases, hiring a market research firm
may be best. But, if hiring a market research firm is out
of the question, there are a few other ways to secure important
market information.
The
following are a few market research techniques that may
provide assistance in understanding your industry, customers
and potential customers:
Conduct
market research with your current clients via interviews,
surveys or focus groups. Ask what the customer’s
needs are and if they can afford the products or services
you provide. Do they like your products or services?
What can you do to improve? What specific things are
you doing right?
Do
research in person at a trade show. Take some time at
an industry event to listen to attendees. Ask potential
customers what they are looking for. What are the hot
topics at the tradeshow and what will be needed for the
future in the industries you serve?
Research
online. For industry updates and statistics, visit industry
association Web sites. If looking for consumer information,
consider government sites that have a lot of basic consumer
statistics. One good site for basic demographic information
is the U.S. Census Bureau (www.census.gov).
Learn
about your competition from news articles, industry profiles
and the Internet. Visit their Web site, and regularly "Google" yourself,
your competitors and your industry.
Review
all input from sales feedback from customers over the
past year.
Talk
to vendors and suppliers. Often they can provide insights
and information on the industry, as well as customer
trends.
The
possibilities for market research continue to grow. The
best information is waiting to be discovered.
Click-Through
101
Internet
marketing has introduced business terms that marketers
need to understand to attract and calculate success online.
One Internet marketing term to be aware of is “click-through
rate” (CTR). According to Wikipedia, click-through
rate is the average number of click-throughs per hundred
ad impressions, expressed as a percentage.
CTR
measures the percentage of people who clicked on the ad
or item (such as a link from a search engine, banner or
email) to arrive at the destination site; it does not include
the people who failed to click, yet arrived at the site
later as a result of seeing the ad.
As such,
the CTR can be considered as a measure of the immediate
response to an ad, but not the overall impact to an ad
or email link.
Some
advertisers rate the success of an Internet-based ad only
on CTR; while others also recognize the value of the “viewing
of the ad.” Many marketers agree that the simple
viewing of an ad helps develop a company or product brand
impression over time.
There
are many factors that impact CTR numbers, and there is
much awareness of “fraud CTR” (which is a topic
all in-itself, perhaps to be addressed in a future Marketing
Minute).
Many
companies calculate and report CTRs in a different way,
by using “total” rather than “unique” clicks.
Subscribers can click on multiple links to arrive at a
destination site, which means that CTRs based on total
clicks are typically about two times higher than those
based on unique clicks.
E-mailLabs.com,
which describes itself as a leading provider of high-performance
email marketing software and services, reports the following
ranges for average
CTRs based on permission-based house lists. CTRs that E-MailLabs
cite are based on unique clicks (only one click per person
is counted) and are calculated as: unique clicks/emails
delivered:
B2B
newsletters typically range from 5% to 15%.
B2C
promotional emails often range from about 2% to 12%.
Highly-segmented
and personalized lists (B2B and B2C) are often in the
10% to 20% CTR range. Also, email messages with very
strong content, but sent to unsegmented lists, like many
news or trend-type newsletters, are often in the 10%-15%
range.
Trigger
or behavior-based emails (emails that are sent to a recipient
based on some behavior they showed, such as clicking
on a product link, or visiting a specific Web page),
are often in the 15% to 50% range.
Below
are a number of the many factors that may prohibit the
best CTR:
Content
with little value to your subscribers.
Too
much content within your email, not giving subscribers
a need or means to click-through to your site.
Over
emailing to the point that emails lose impact and are
deleted before viewed.
A
questionable opt-in process.
Plan,
execute and review all online marketing strategies with
the intent of success, and keep the importance of CTR in
check with your goals and tracking.