Rethink. Retool. Readjust.

As more and more people do their banking technologically rather than in person, banks will need to adjust their branch strategy. They will need to morph into more consultative centers for personal and small business customers – with a human touch.

Personal and business banking is more complicated these days. Banks that can adjust to having branch staff able to deliver prompt, relatively unbiased and trustworthy counsel to customers will grow market share. If it’s customers that they give advice to, you may ask, “How are they going to improve share?” Well, if a checking customer wants to buy a home or a new car, and isn’t sure how to do it or what to look out for, you have a chance for a deeper relationship. And if the experience is helpful, your customers will talk to their friends. And here’s a crazy thought – advertise this consultative service as free, and open to anyone who wants advice, not only your existing base. Who knows, some of those non-customers might just want you to help them with that mortgage or SBA loan.

Environmentally friendly & really loud!

You may have seen the latest campaign promoting the new compostable bag from Sun Chips. I myself started a compost bin last year, which literally cut our landfill contributions in half — not to mention the effect it had on my new garden. As an avid tree hugger I applaud this effort by our Frito-Lay friends, but their new package needs a warning label.

The problem lies in the bag itself. It produces by far the highest level of ear-piercing decibels in the history of chip bags. Quite frankly this crinkly cacophony has to be completely screwing with Frito-Lay’s main target audience — the late-night snacker. And yeah, I’m one of ’em. And there’s a technique to late-night snacking — a very challenging technique. I mean, you’re already dealing with a chip — come on, even the word “chip” sounds loud and crunchy. And you’ve always had to deal with the crinkle of the bag. Some bags are worse than others, am I right? And when you’re down to just crumbs, you wind up cutting the top half off with a scissors, ’cause that’s a lot of bag to work through. Really, it’s a losing battle that’s just going to drive your wife crazy.Read full post...

Is Twitter dead?

Every once in a while you’ll see an article asking “Is Twitter Dead?” even suggesting that if you’ve been avoiding Twitter as part of a “non-strategy,” it may be paying off!

The problem with that perspective is that Twitter is not a strategy. It’s not even a tactic. It’s a channel!

The strategy (and ultimately your goal) is usually specific to your organization so it’s hard to discuss. But we can identify a general growing audience: people who create and consume information, wherever and whenever, with increased frequency, increased brevity and often with groups of people (as opposed to one other person).Read full post...

Applying strategy is critical to social media success.

99 ways to use Twitter?

There are plenty of articles on the Internet that outline the 17 ways to use Twitter or the 32 ways to use Facebook. If your approach to social media has been to start with these types of articles, you may be focusing too quickly on tactics without an appropriate social media strategy. Tactics without a strategy are particularly bad because they often end up being ineffective, hard to measure and mask real opportunities a more strategic version of the tactic may provide.

Because social media tools are so accessible and seemingly easy to use, a planning/strategy phase is often skipped, perhaps also in part because the realm of social media seems so complex. Because there is no clear place to begin, there is a tendency to start with tactics, a fatal mistake.

How to approach the problem

One technique for approaching a problem that seems complex is to break it down into a series of simpler problems. This is a great approach when it comes to the social media landscape. Instead of looking at a list of 50 ways to use Twitter, it makes more sense to look at a smaller list of ways to use social media in general.Read full post...

Dashboards can help drive marketing strategy.

Looking for an easy way to gauge your client’s driving forces? Ask what’s on his or her dashboard.

Dashboards are a businessperson’s CliffsNotes®, condensing tomes of information into readily digestible nuggets. Where do overall profits stand? Any new leads from the northeast territory? Is maternity patient volume up? Dashboards provide a snapshot of the key metrics your client needs to succeed.

Which brings us, as usual, to marketing strategy. Knowing what’s on a client’s dashboard enables you to customize a plan that speaks to his or her exact needs and goals. And that’s a plan you can get some serious mileage from.

Social Media Strategy and Success Stories

About to plan your social media marketing strategy? Wondering about the return you’ll get on your investment? Check out Socialnomics: Social Media ROI. This short video showcases success stories, plus some interesting facts. For example:

• More than 300,000 businesses have a presence on Facebook; about a third of these are small businesses.

• A Wetpaint/Altimeter Study found that companies that are heavily into social media blow away their peers in both revenues and profits. The study also found that companies using social media the most increased sales by 18%, while companies with the least social activity saw sales decline 6%.

• Dell sold $3,000,000 worth of computers on Twitter.

• eBay found that participants in online communities spend 54% more money.

What’s your social media strategy?

The Philadelphia Phillies - an example of great strategy!

It’s one of my favorite performances: George C. Scott as General George S. Patton. Love the attitude. But, most of all, I relate to what Patton was all about. This is a guy who knew what he had to do. He wasn’t popular because of it. He knew a thing or two about strategy. In one situation, when interrogating a German office, he wouldn’t give the guy the satisfaction of speaking to him in German — even though Patton spoke the language fluently. Strategy in action! The quote I remember most says it all, when Patton articulated what it would take to stymie the Nazi rampage — “First, you have to have a plan.”

Flash-forward about 80 years. A battle of a different sort — this time on the baseball field. The Philadelphia Phillies become contenders for the National League pennant and the World Series — not once, but twice. The first time, nobody saw them coming. Like Patton, these guys don’t leave anything to chance. Pitching rotations. Batter and pitcher matchups. Right down to who can be tempted with a high-pitch fastball for an easy out. They grasped the concept of having a plan. They’ve put together a formula to win.Read full post...

Creating demand for Paranormal Activity.

Have you heard about Paranormal Activity, the low-budget horror movie that has been terrifying audiences over the past few weeks? It was reportedly produced for $15,000! But the very strategic marketing paid off as well as a multimillion-dollar campaign.

First came very scary trailers, followed by updated trailers with footage of terrified moviegoers at a sneak preview of the film. This was followed by a limited release in a handful of college towns around the country.

Then came the really clever part: what appeared to be a grassroots campaign to get the movie distributed nationwide. By teasing us, the filmmakers created a public demand for the movie. They drove us — both in commercials and online — to eventful.com, where we could demand that the movie open in our hometown theaters. The site had a real-time running tally of votes and bragged that Paranormal Activity is the first movie to ever be “demanded” by “we the people.” We could also show friends and associates that we supported the “movement” by spreading the word via Twitter, Facebook, a MySpace widget or links in emails.

The best part? It worked — whether or not they ever needed the votes to obtain a national release. How’s that for creating artificial demand? I wonder how future marketing campaigns will incorporate Paranormal Activity’s grassroots web marketing.

Spec Creative

For all you prospective clients out there, we at AB&C would love to have you as a client. We really would. And please, give me a call at any time.

Or, feel free to include us in your RFP process. Just one little thing about that RFP process…
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Radio

What do people hate most about radio? The commercials! The steady growth of listenership to commercial-free satellite radio music formats offers compelling proof. A growing number of listeners are more than willing to pony up $12.95 a month to be spared the relentless onslaught of irritating, irrelevant radio spots.

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