by tradesmeninsights | Aug 19, 2010 | Marketing Tips, Marketing Trends, Traditional Marketing
When doing an event, from a press conference to an open house or a new product launch, are you using social media to capitalize on it? Social is an inexpensive and cost-effective way to enhance the buzz around what you’re doing. I’m not suggesting that social replace traditional methods, instead use social to enhance them.
I recently read an article on Social Media Explorer.com by Rich Brooks on 12 Ways to Market Your Event with Social Media. Rich makes some good points and here are some highlights:
- Before the event – Market your event through Twitter. Even consider your own hashtag in all your tweets. If the event is large enough give it its own Twitter account. Use Facebook Events to attract fans. Use LinkedIn groups you belong to to promote the event. If you have a blog, use it to promote it. Forums, talk up your event and its benefits. Tell them about the agenda, speakers, etc.
- During the event – Use those hashtags to make your event more findable and searchable. If it’s a local or regional event, use Foursquare and Gowalla to promote it by announcing the event, link to a registration form, give updates. If you belong to Forums, talk up the event and its benefits. Live blogging from the event, let people know what they are missing. Share video and photos – a picture is worth a thousand words.
- After the event – Blog about highlights and possibly interviews with attendees. Post similar comments on Facebook, LinkedIn and Twitter and ask for feedback.
These are some great tips. What are you doing to capitalize on social?
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by tradesmeninsights | Aug 17, 2010 | Marketing Tips, Social Marketing, Traditional Marketing
For those of you who follow me on a regular basis, you know that I don’t preach that social media will be the “holy grail” of marketing. It’s just one more marketing tool in your tool box.
For those of you who are using social, hopefully you are combining it with traditional things like email marketing to drive people to your social sites. I recently read an article in eMarketer.com, and in an April survey by eROI, an interactive and email marketing agency found that two-thirds were doing just that. A similar study done in June of this year by StrongMail, a provider of mail and social media solutions, put the number at 71% worldwide.
That’s good news. The vast majority is focusing on the basics, Facebook, Twitter and LinkedIn. They were also using the share button 63% to encourage people to share. In the ROI study, over 90% were utilizing Facebook as their favorite.
So what are you doing to harness the power of combining social media with traditional email marketing?
by tradesmeninsights | Aug 12, 2010 | Marketing Tips, Marketing Tools, Traditional Marketing
Many manufacturers are so focused on the features and benefits of their new product that they sometimes forget about educating and motivating their distributors to insure a successful launch.
Distribution is a key link in the launch and if your distribution isn’t on board or even understands what or where this product fits into your overall strategy, it’s going to be hard for them to sell. Let’s face it, especially in today’s economy, a distributor needs to understand why he should invest in inventory of this new widget.
Here are some tips to help make sure your distribution is on board:
- Give them plenty of notice – They need to know 45-60 days in advance so they can get the new SKUs into the system, onto the promotion calendar and most importantly, get you that initial stocking order.
- Incentivize the initial stocking order – Give them an additional discount on that first order or give them extended dating or waive your minimum order requirements. The key here is to make sure they have your product on the shelf so when the contractor comes in and asks for it, they have it.
- Train/educate distributor sales force – It’s an important step in the process that’s often overlooked. Many manufacturers assume they understand the big picture, and most of the time, it’s not the case. With time and travel expenses being what they are, traditional things like lunch-and-learns may not be the best way to introduce the new product. You might want to use an online training tool like BlueVolt that can both train, verify and motivate the sales team.
- SPIF sales – For at least the first 3 months, put some sort of incentive on the product to get the sales folks excited. Put yourself in their shoes. Most distributors carry anywhere from 15,000-25,000 different items. Which ones do you think they will be talking about? And oh by the way, don’t overlook those inside and CSRs. They have 5-7 times the number of contacts with customers everyday and can talk up new products and create add-on sales (do you want fries with that?)
- Make key end user calls – This seems like a no-brainer, and while you the manufacturer might be making those calls, you don’t always include the distributor in them. Chances are that key potential for you is already a key customer for the distributor. He can make sure you get in front of the right people and brings a relationship to the table.
These are some simple ways to insure your new product launch is successful.
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by tradesmeninsights | Aug 5, 2010 | Traditional Marketing
Habitat for Humanity does great work in local communities to help improve both individual’s lives as well as the community in general.
Sonnhalter Habitat for Humanity Tool Drive
Since
Sonnhalter’s major focus is on manufacturers who make things for contractors, we thought it would be a good idea to help support our local chapter of Habitat for Humanity, so we’re having a tool drive in the month of August to try to raise money, and more importantly, to gather tools (both new and used) to help in their building efforts, as well as to support them through their retail stores. If you’d like to join us in our efforts, please contact Anastasia Duller from Sonnhalter at 440.234.1812 x130 or
[email protected], or visit
www.Sonnhalter.com/ToolDrive for more information.
Or if you’re interested in finding a local chapter so you too can help out in your area, click
here.
Thanks in advance for your support!
by tradesmeninsights | Aug 3, 2010 | Marketing Tips, Traditional Marketing
It’s been a tough 18-plus months for everyone in this channel, contractors, distributors and manufacturers alike. But manufacturers who pulled back their advertising and promotion budgets back then and haven’t restarted them, may be in for some surprises.
Tradesmen are still buying stuff. It may not be at 2008 levels, but not all contractors are sitting back at the office waiting for their phone to ring. And guess what? Americans have a short memory span, and if they haven’t seen or heard from you in a while, they tend to forget you exist.
They’re buying product, question is, it yours or your competitors? There’s a lesson to be learned here from history, and I’d like to share with you a conversation I had recently with someone in the industry.
I recently spoke with an editor from a key publication in the tradesmen market. While this was not the purpose of the call, the conversation naturally led to the topic that has been on all of our minds for the past couple of years – the economy. In discussing where we think the economy is going and how manufacturers that serve the tradesmen should react with their marketing and advertising as a result of the economic downturn, an interesting tidbit came out of this editor.
He mentioned that he has archives of his magazine that date back to 1920, before the crash of 1929 and the Great Depression. He has clawed through these issues and found it fascinating that the companies that kept advertising throughout the great depression are still around today – in some form or fashion. By that I mean they either got acquired or are still in business today under the same name that they operated under in the 1920s. Some of these companies are very well known brand names today in the tradesmen industry – companies like Kohler, Haws, Price-Pfister Brass Mfg. Co., Rheem and Crane.
The lesson from this is pretty clear – advertising throughout a down economy can help your business survive, and even thrive in some cases. These companies kept their marketing spend up and as a result, made it through the crisis. Companies that did not, for the most part, ended up closing their doors.
This can be likened to the old Wall Street saying “buy low, sell high” in that a down economy can be viewed as an opportunity instead of something to dread. When your competitors remove themselves from advertising and their target’s eye, it is an opportunity for you to stay front of mind, and to steal market share. And you better believe that if you are a market leader, that your share is threatened if you do not spend the money on marketing and advertising.
While we are seeing some light in this economy, if you haven’t already been advertising, you need to get your message out there and either defend your market share or steal market share from your competitors. Don’t become irrelevant.
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