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Integrated Marketing Summit Lacked Realistic Takeaways November 18, 2008

I attended the Integrated Marketing Summit last Thursday. I signed up for the same reason every company decides to go to a conference- to learn some applicable tips from the big dogs and to get my networking on. I mingled and made some solid connections during the networking mixer but I must admit I was a little disappointed in the content of the conference.

The Summit website said that we should expect to hear “the latest thinking on integrated marketing, presented by high profile dynamic gurus, with great examples and stories to share from a national and international perspective.” The speakers were impressive, no doubt- VP of Communications at Mars, VP of Marketing at Coca-Cola, along with Creative Directors from The Martin Agency (masterminds behind the UPS whiteboard campaign) and Gigante Vaz Partners. However, these companies’ marketing budgets are no noubt impressive as well. Sure, it’s interesting to hear how a company like Mars built buzz through TV interviews and social media for a campaign that involved building a giant Statue of Liberty M&M and sailing it in the NY Harbor. But, what about that story is applicable for a start-up, boutique marketing agency like mine? It seems that I wasn’t the only one who shared this sentiment. By the time the third presenter stepped down from the podium, everyone at my table was discussing how jealous they were of the speakers’ budgets. Rather than vigorously scribbling down new, exciting ideas of how to incorporate integreated marketing in their businesses, people actually started to look a little deflated. I realize that the speakers intended to inspire us with success stories but they failed to inject their tales of marketing grandeur with some good old-fashioned, realistic takeaways. And, that’s why the Summit missed the mark for me. It was a classic example of neglecting the needs of a market. At least the sushi and the conversations I shared with fellow Atlanta professionals were memorable!

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Evolve Your Marketing Mix or Risk Extinction September 22, 2008

Times they are a changin’. And, so are the dynamics of the marketing landscape. According to Mike Iaccarino, CEO of Epsilon, a leading marketing services firm, “In this economic climate, businesses are seeking accountability and measurable results. Data driven marketing is an increasingly important component of corporate marketing campaigns as senior marketers employ sophisticated segmentation strategies to recruit and retain customers.”

In a survey conducted by Epsilon in August 2008, 175 U.S. Chief Marketing Officers and marketing executives of some of the largest brands in the nation gave us a peek at their evolving marketing mix. The shift to digital marketing is evident- new media in the form of social computing and blogs is getting increasing attention from businesses:

  • Social computing (including word of mouth, social networking sites, viral advertising, etc.) was the most popular emerging channel with 42% of marketing executives expressing interest in adding it to their marketing mix.
  • Blogs were the second most popular emerging channel: 35% of marketing executives want to pursue blogs and 19% already use blogs
  • Almost one-third of CMOs mentioned Podcasting as an area of interest: 31% are interested in adding Podcasting to their marketing mix and 18% already have.
  • Mobile devices also elicited interest: 29% are interested in Mobile Devices (Phones/PDAs) and 22% have added them to their marketing mix.

Interesting responses. These execs know that when budgets are tight accountability is key. If marketing is an expense that you are considering cutting it’s probably because you can’t justify the cost. And, that’s a sign that it’s time to evolve your approach.

Thanks to Larry at Epsilon for sending me the link to the article.