Marketing ROI: Is It All About The Low Hanging Fruit?

“I want the marketing dollars I spend to have an immediate impact.  I need to be able to see sales go up within the first thirty days or I’m unlikely to continue with it.”

“I’ve never been able to see how using Twitter, Facebook, LinkedIn or blogging can increase the leads I receive.”

“Is there any way to get my phone to ring more?”

“I’m really only interested in going after the low hanging fruit, something that will pay for my efforts right away.  After that, I’ll figure something else out.”

We live in a world of instant gratification.  We learn to move on quickly if we’re not immediately entertained.  Wall Street demands quarterly results. If something takes too long, it’s just not worth it.

I have been accused at times of quoting Seth Godin too much.  I don’t really mean to other than I am a regular reader and I truly believe he is one of the innovative thinkers of our time.  So, please forgive my idolatry.

In “Driveby Culture and the Endless Search for Wow,” Seth poses the question of whether as marketers we should be focused on getting and measuring the number of eyeballs that view our content or whether we should be concerned about those people who have a true interest, who want to listen, who may actually become long-term customers.

I’ve always tried to emphasize to business owners that what ever marketing efforts are made, it is ultimately about sales and profits, otherwise why expend the energy?  And, I am also a proponent of prioritizing efforts so that at least you can garner the “low hanging fruit,” so you can see some immediate results.  But, I am also quick to point out that many other marketing efforts, especially those where you are trying to build a dialog, a relationship with people who can help spread your brand, people who will be your proponents, will definitely take time and patience. Sometimes a Return on Investment or ROI is not measured short-term in more leads or calls.

Do you agree?

Marketing Communications: Why Is Everybody Always Yelling At Me?

man with megaphone yelling

There they were, two kids standing toe to toe and nose to nose, with faces beet red, cheeks puffed out, sweat dripping from their forehead, fists clenched to their side, and even though they weren’t more than a few inches from each other, their voices were raised in a mutual fortissimo that could be heard a block away.  The idea, of course: Speak louder than the other guy and win the argument.  This scene is a very funny thing to watch because as we all know, it just doesn’t work.  A whole lot of time and energy gets wasted.  Sound familiar?

I talk with business owners who are just getting into the “social media” game and of course they will ask my opinion on what they’ve done.  Many get caught in the trap of not being able to step outside of the mindset that social media tools should be used for promoting the business, to help people understand what it is about their company that is better than anything else out there.  And this extends beyond just social media to most other forms of communication.  Websites, billboards, brochures, television spots, email all are used as just another method of repeating their marketing message only louder, more often, to more people and oh yea, did I say LOUDER.  It is very hard to break old habits but it’s an absolute necessity.

We are yelled at all day, from so many sources, all standing about two inches from us trying as hard as possible to get our attention by yelling louder than anyone else, yet the effectiveness of this diminishes with each passing day.  As a species, we are developing greater capabilities for ignoring the noise.

As Seth Godin says, “The goal shouldn’t be to have a lot of people to yell at, the goal probably should be to have a lot of people who choose to listen.

Here are some ideas that might be different:

  • Instead of telling someone about your product or service, ask them what they need or what is on their mind
  • Use Twitter, Facebook, your blog, your website, email, etc. to start a conversation
  • Stop promoting yourself
  • Invite comments, even if they disagree
  • Let people understand what it is about YOU that they might find interesting or be able to relate with
  • Build trust
  • Tell what is happening in your industry and what is your take on it
  • Mention interesting books, blogs or articles that you have read
  • Strive to give more than you get

What are your thoughts or what might you add to this list?