Where does traditional marketing fit into a Web 2.0 world?

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Presentation given on April 22, 2008 at the Doxim Exchange 2008 conference in Toronto by Tim McAlpine of Currency Marketing. With the sex appeal of blogging and social networking taking center stage, you may be tempted to kiss those old boring marketing tactics goodbye. Not so fast! Integration is the name of the game. Tim McAlpine will explore how your credit union can marry the best of online and offline marketing and communications tactics to deliver killer results.

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DOXIM EXCHANGE 2008

Where doesTRADITIONAL

marketing fit in aWEB 2.0world?

Tim McAlpine

President & Chief Strategist

Currency Marketing

+ Credit union advocate

+ Creative leader

+ Marketer

+ Speaker

+ Blogger

+ Cheerleader

The new

TRUTHS

Old

is dead!

OLD

Bring Back the Love by Microsoft Digital Advertising Solutions

Your

is critical!

1Credit union branding is

about revealing and

promoting an easily

understood, authentic

difference over an

extended period of time

LESSON

2LESSON Your credit union

difference must be

extremely compelling to a

defined group of people

3LESSON A credit union must

create and promote

compelling products

and services to thrive

4LESSON

Better does not

make your credit

union different

5LESSON

Expanding your credit

union’s geographic

footprint and broadening

its field of membership

requires a extremely

differentiated brand

6LESSON

The built-in credit union

difference is no longer

readily understood and

even when it is

understood it is not

compelling

7LESSON

A credit union must actually

decide on its difference,

make fundamental changes

to support that decision

and grow into its brand

over time

New reality.

It’s a conversation.

Courtesy of Brent Dixon from Trabian

Courtesy of Brent Dixon from Trabian

Courtesy of Brent Dixon from Trabian

Courtesy of Brent Dixon from Trabian

Courtesy of Brent Dixon from Trabian

You are not the only author of your brand

Everyone has a voice!

OLD

NEW

Social media and credit unions can build community

And...Social media can

drive sales!

CU

Modern credit union marketing is

a two-way conversation that

utilizes traditional, digital and

social mediums to connect with

existing and potential members.

CHANGESome things never

Match strategy to brand position

Drive one key message

Be smart with your budget

Cross-channel integration

Agree on measurement

Involve the entire organization

2CASESTUDIES

Vancity’sChange Everything

BikeShare

BACKGROUND

Meant to be a

thought starter

45 bikes set free in Vancouver

Aligned with mission and

brand advertising

Defined market

Social media & Web 2.0

Authentic voice

Ask riders to blog

Born of the real world

Vancity Brand Advertising by TBWA\Vancouver

Vancity Bike Share courtesy of William Azaroff

45 bikes set loose

15 changed hands after 3 weeks

4X cost in earned media exposure

Social impact echoed brand

5% awareness growth of

changeeverything.ca

RESULTS

Courtesy of William Azaroff from Vancity

Common Wealth’s Young & Free

Alberta

Relevant product

Differentiated brand

Real budget

Integrated marketing

Defined market

Social media & Web 2.0

Authentic voice

Senior-level involvement

Long-term commitment

Freedom & trust

Courageous credit union

BACKGROUND

THEMicrosite

Y&F on theSocial Web

Social media meets real world

The E-mail Song by Larissa Walkiw

The Difference Between Banks and Credit Unions Part 1 by Larissa Walkiw

Difference Part 2 Teaser by Larissa Walkiw

Y&F Road Trip by Larissa Walkiw

35,713 unique visitors

109,505 page views

3:47 average visit

48,767 YouTube video views

RESULTS

October 1, 2007 to March 31, 2008

$179,000 unpaid media coverage

2,000,000+ impressions

1,607 Y&F accounts

$2,070,141 funds in Y&F accounts

RESULTS

October 1, 2007 to March 31, 2008

Thank

YOU!

Tim McAlpinetmcalpine@currencymarketing.ca

currencymarketing.ca

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