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What's Letterman have to do with L'Oreal?

Posted byAngela Heiple
 
While presenting at the Event Marketing Summit this week, L'Oreal's field marketing director, Claude Prevost, wrapped up with what he called his Letterman Top 10 List.  The seminar focused on how L'Oreal has been successfully adding transactional value to their b-to-c events-- or in other words, how they've used their events to push consumers closer to the cash register (gotta love the event/retail integration).
 
I share this here, because I think Prevost's Top 10 list can apply to all brand marketers, across the entire spectrum of live communications.  I especially like his #10 reminder to Keep the Faith-- or in other words, trust your gut.  Check out the list below.  And if you're interested in catching the entire presentation, I believe Event Marketer plans to post it to a microsite.  Once they push it live, I'll post the link.  So check back soon.
 
L'Oreal's Letterman Top 10
1.   Love is a killer apathy... share your knowledge internally
2.   Go on the road with your sales team
3.   Network within the industry and category (Alumni Networking)
4.   Mystery shop other categories and take away key learning's
5.   Embrace technology and PR to plus out ROI
6.   Understand your customer and more specifically, how events can drive purchase intent
7.   Break down the barriers and seek out operational efficiencies
8.   Drive coupon conversion rates by going large to consumers
9.   Promote your success internally
10. Keep the faith
 
 
 

Quick Hit: EMS Chicago High Points

Posted byKeith Goldberg
The two most heartening take-aways from EMS Chicago: 1) The number of brand marketers, such as Lexus and Oracle, who get the continued emergence of Live Communications as a powerful strategic tool to deliver the most prized marketing result, Brand Community; and 2) excitement over the realization that the most powerful one-two punch in marketing is the convergence of Live and online communications. Agencies and Clients need more of these folks in the business.
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Tell Us What You Think About Trendhunter Jeremy Gutsche's Keynote At EMS

Posted byMatt Hubbard
As presenting sponsor of the Event Marketing Summit, we have the pleasure of sponsoring the Tuesday keynote of Jeremy Gutsche, founder of trendhunter.com.  We've followed trendhunter for several years, and have blogged about the trends uncovered by his amazing team numerous times on YSA.  Tell us what you think about his keynote-Unlocking Cool: Innovation as Competitive Edge.  Are you inspired?
 
 

Oracle's Salinger Challenges Marketers at EMS to Get Back to Basics

Posted byMatt Hubbard

Paul Salinger, VP-Creative Concepting and Strategic Communications with B-to-B tech giant Oracle, opened the Event Marketing Summit on Monday with a get over it and get back to basics keynote address.  Speaking to a crowd of about 500 brand-side and (mostly) agency-side marketers, Salinger shared Oracle's fine-tuned approach for doing more with less. 

 

Over the last five years, Oracle has acquired 55 companies and watched revenue soar from $5 billion to $22 billion. In spite of its marketing budget remaining flat over that same period, Salinger and team have squeezed out incremental ROI gains year over year.  Today, each dollar of marketing investment at Oracle yields an $86 return, an impressive $30 increase from fiscal year 08. 

 

With an intense, data-driven focus, Oracle has optimized its marketing mix to drive sales into the business.  According to Salinger, this is what works for Oracle:

 

1. Focus on high-touch and local events.  Understanding that 74% of its revenue opportunities come from small events (1-99 customers in attendance), Oracle manages an annual portfolio of more than 6,500 events that touch close to 400,000 attendees.  Large, third party branding events (tradeshows) have been reduced by 65%, with Oracle Open World in October the notable exception.

 

2.  Driving transactions with synchronized marketing campaigns around product.  By leveraging Oracle Direct and a massive database, the team stays close to the sales pipeline and drives transactional leads into the business.  Marketing is product-focused.  Weekly marketing forecast calls allow them to review and adjust strategy when gaps are found.

 

3.  Key accounts and installed base marketing.  Always mindful of current customers and the opportunity they hold, Salinger and team develop programs around key accounts, improving customer satisfaction and share of wallet along the way.

 

At Oracle, back to basics is an operating philosophy, not a response to an economic downturn.  The results speak for themselves: 72% of all won opportunities at Oracle are touched by marketing. In these times, when marketers seem to be searching for long-term relevance in their own businesses, the approach at Oracle is a needed light in a dark tunnel.

 
 

Gather 'Round the Brand Campfire and Create Community Between Customers and Brands

Posted byKeith Goldberg

Some call it “event marketing.” Others use the slightly more sexy “experience design.”  But, for some of us, every name du jour concocted by the industry not only seems to miss the mark, it betrays a lack of understanding about the business we are really in.

Drum roll…

We are in the business of creating community between brands and customers.

Full stop.

Community is the most desired and profitable result any marketing partner can deliver for a client—and it doesn’t take a bunch of research (though there’s a small pile of it) to understand that Live Communications is a powerful way to make this happen.

What’s disheartening, when you see how Live Communications is sometimes practiced, is that so much of its community-building power is often left on the table (or, more appropriately, on the show floor).

In a day when the terms efficiency, optimization, and ROI are being heralded the way peace, love, and harmony were in the 60’s, there has never been a better time for Live Communications to strut its business-building stuff.

What it will take is a different way of looking at this discipline, especially by those who practice it.

Igniting the Fire with Strategy

At EWI Worldwide, when counseling clients on how to unleash the power of Live Communications, our first recommendation is often a request—asking them to close their eyes and create a picture. Not of a specific project or event…but of a campfire.

We call it the “Brand Campfire” and, by ideating this way, the thought process moves away from tactical considerations and into the realm of strategy—where brands are built and results are born.

The Brand Campfire is wherever a brand and its customers gather—events, exhibits, mobile tours, trade shows, corporate meetings, product launches, press events, and retail environments—and becomes real when “passive” space is transformed into an “active” place where people exchange ideas, engage in discovery, develop trust, and build the kind of community from which mutually beneficial (and transactional) relationships are forged.                                                                                                                            

No tool is more effective than Live Communications for gathering brands and customers—and creating the campfire that builds community.  And no combination of tools delivers community more powerfully than the coupling of Live Communications with its virtual cousin, the internet.

This killer combo has helped accelerate the evolution of Live Communications from tactical initiative to powerful, strategic weapon.

With a shifting global marketplace (been hearing more and more about BRIC lately, haven’t we?), a battered worldwide economy, and a newly-cynical consumer who will likely remain that way for a while, it is no wonder that brand marketers are screaming from the mountain tops:  “Find my customers and get me as close as possible to them!!!”

Talk about an opportunity.

By leveraging the online tool kit, the value of Live Communications has increased exponentially—identifying customers, creating desire, driving traffic, measuring effectiveness, incubating leads and, most important, expanding the brand community.

Brand Radiance = Results

This potent one-two punch delivers far-reaching impact—what we call “Brand Radiance”—that is quantified in across-the-board jumps we see in awareness, purchase intent, measures such as Net Promoter Score, and directly attributable transactions.

Disciplines such as word-of-mouth marketing are also playing prominent roles in the Live Communications mix as marketers realize the power of a back-to-the-future world where the face-to-face encounter (made possible, ironically, by technology) is the most potent selling tool.

As clients continue to struggle with what type of marketing partner will help them build vital Brand Community moving forward, and as agencies of all types (including advertising, direct response, and digital) race to prove they are best suited to get brands closer to customers, those of us who create Live Communications--and the client-side marketers who have experienced its value--need to remember a  very important fact.

We are already there.

So gather ‘round the campfire.

And make the most of it.

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Check out the Slideluck Potshow!

Posted byBill Blatt
 
Here's an example of the power of community when it's founded on something truly authentic:  one photographer's backyard pot luck dinner/photography exhibition has evolved into an international benefit event that brings professional artists and novices together based on a shared passion for art.
 
 

Straight Talk: What Exhibitors Want, And How You Can Give It To Them

Posted byMatt Hubbard
Just ran across a great article on meetingsnet.com, the website of Association Meetings.  It features some excellent insights from exhibitors like Allen Reichard, corporate director, integrated marketing communications, events at Advanced Micro Devices (AMD).  The thinking in this article is right in line with the smart exhibitors we interact with today.  Check it out here.
 
 
 

What Marketers Can Learn from Dexter Gordon

Posted byKeith Goldberg

 

Recently, I had the pleasure of attending a concert of The Blue Note 7, a band of all-star musicians put together to celebrate the 50th anniversary of the ground-breaking  Blue Note jazz label.

 

Not long into the set, sax man Ravi Coltrane (yes, the son of John!) announced the band would be playing the Dexter Gordon triumph, Soy Califa. It was Coltrane’s explanation of the story behind the composition that immediately intrigued me.

 

While the direct translation of Soy Califa is “I am King,” Ravi explained that Soy Califa was not Gordon’s ego trip but, actually, a tribute to his home state of California.

 

Gordon’s “I am California” was his attempt to embody the place where he was born and lived most of his life.

 

With that in mind—and, especially, as a California resident—I placed my elbows on the table, leaned in, and listened to that piece of music more critically than I had ever done before.

 

What happened next blew me away and reminded me again, as a marketer, how the art of creating the brand experience is so often wrongly broken into its component parts—ads, design pieces, web sites, billboards, live events—and so rarely presented in the single-voiced, multiple touch-point, emotionally enveloping way it should.

 

What I was listening to was not a horn, piano, double bass, sax and drums trying to muscle each other out of the way. I was being enveloped by a wonderful and compelling story made possible—and more powerful—through artful integration.

 

Listening, I was transported there--to California. I could feel a burning sun rising, waves crashing, fast cars beating on blacktop, pretty girls strolling Robertson, the smoky-sweetness of the taqueria, crowded markets, a velvet rope lifted at a night club, thick air, sea breezes, Bentleys stuck in Sunset Boulevard traffic, and sand between my toes.

 

At the end of the piece I felt as if I had experienced and explored the California I know—making some additional discoveries along the way.

 

It all fit. Each instrument in tune, each musician playing his role—standing out for a short solo but only when it was absolutely required to make the whole piece that much more moving.

 

As the old phrase goes…it’s great when everything comes together.

 

It is also far more effective.

 

Something we must remind ourselves about the next time we design a page or build a web site or launch a live experience for a brand.

 

 

 

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In China, Anything's Possible, But Nothing's Easy

Posted byMatt Hubbard
 
Coke Pavilion August 2008
 
Coke Pavilion July 2008
 
Coke Pavilion June 2008
 
Coke Pavilion May 2008
 
Having worked in China the last four years, I'm amazed at the possibilities this market holds for western companies.  In a land where economic downturns are defined by GDP growth of a mere 7%, I'm convinced that China is well positioned to continue its rapid ascension as a powerhouse market.
 
Still need convincing?  While we've been licking our wounds in the states, China became the #1 market in the world for automobile sales.  In our live communications industry, China overtook Germany in 2008 as the top exhibition market in the world, pushing the USA to #3. 
 
Now, don't get me wrong, China has some serious issues, and doing business there can feel a lot like running a marathon in waist deep mud.  But their work ethic and master planning abilities are a strong base to build from as they continue to evolve.
 
The photos above are of the Coca-Cola Pavilion at the Beijing Games.  The bottom photo was taken last May, when we were first awarded the job.  I call it the, uh-oh...what the hell did we get ourselves into photo.  The top photo, taken 90-days later, is the finished result. 
 
What happened in between was nothing short of amazing.  (and now for my shameless plug) If you're attending the Event Marketer Summit April 26-29 in Chicago, my colleague Danielle Xu, along with Craig Lovin, Creative Director with The Coca-Cola Company and Ralph Miller, Executive Producer with Ralph Miller Productions, will be giving a presentation on the project entitled Building Brand Love: Lessons from the Coca-Cola Pavilion.  The presentation will be on Tuesday April 28th from 2:15-3:00.  I promise you'll enjoy the story.
 
 
 

Raise Those Hands for Meaningful ROI

Posted byMatt Hubbard
 
In the eternal quest for greater ROI, tradeshow managers across industries have resorted to tracking booth throughput as a primary measure of program success, or failure.  By taking attendance at the show (Bueller...Bueller...), they reason, one can gauge interest in the company's offering, and keep salespeople busy post-event with a heapin helpin of delicious leads. 
 
Without going into the internal pressures and often unrealistic expectations that have pushed tradeshow managers into a corner and created this questionable response, the fact remains that there's a better way.  And it all begins with a focused pre-event hand raiser campaign.
 
The idea behind a hand raiser campaign is to uncover a subset of attendees pre-event that are interested in talking with your company about its products.  By finding these coveted attendees pre-event, you can focus your best resources at the event around these key individuals and drive qualified leads into your sales group. 
 
There are a lot of ways to do this, but the method we've found most successful goes something like this:
 

1.  Develop a strong list of key prospects, pre-event.  These are your best potential customers, the whales you want to land.  Start with your sales pipeline and last year's attendee list.  If you're a major exhibitor, or sponsor, you may be able to get access to the current year attendee list. 

 

2. Create a microsite.  This is a small, event focused website that you'll drive your key prospects to.  Once there, they can download information about your offering, and sign up (raise their hand) to meet with you.  Make it provocative by offering a carrot (like a proprietary white paper) if they commit to a face-to-face meeting at the event.

 

3.  Create a direct marketing campaign targeting this list of key prospects.  Print and online together works best.  Make it interesting and creative so it breaks through the clutter.  The list should be relatively small, so you can spend more money for each target prospect.  All communications should point your targets to the microsite where they can raise their hands.

 

4.  Once the hands go up, make the experience personal.  Have salespeople reach out to these prospects pre-show to introduce themselves and set up a good time to talk.  At show, tailor the experience to the specified needs of the prospect.  Remember, it's about them, not you. 

 

With event attendance down, sales resources strapped and tradeshow spending under increased scrutiny from the corner office, now is the time to retool your program.  Tradeshows work best when used to establish and further meaningful business relationships, which ultimately goes a long way towards creating a sense of community around your brand.  With a strong hand raiser campaign, you can step off the throughput treadmill and take positive strides towards meaningful ROI. 

 
 
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About YSA

A place where creative folks and clients, account people and strategists gather to discuss Live Communications and its singular ability to create deeper, more meaningful relationships between

customers and brands. 

 

So pull up your keyboard and raise a few questions, share some ideas, provide a little inspiration.  Oh, yeah... and get comfortable.  After all, it's your place.

 

Developed by the creatives of EWI Worldwide, www.ewiworldwide.com.


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