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Holy #%&$!! We’re totally screwed!! Social Media Marketing in Tough Times

Marketing in a Recession

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I gave this presentation at Chris Brogan's New Marketing Summit in Boston, late in the fall of 2008. The crowds went wild (at my impersonation of a brain-eating zombie).The advice is still sound, as the economy is still in the toilet. Good luck! And let me know how I can help.

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Page 1: Marketing in a Recession

Holy #%&$!!We’re totally screwed!!

Social Media Marketing in Tough Times

Page 2: Marketing in a Recession

Yup. Times are Tough.

Page 3: Marketing in a Recession

2 Choices

Page 4: Marketing in a Recession

2 Choices

• Get tough! Get smart! Get loud!• Market your way through the downturn• Why would you cut the resources that ensure

your brand remains front & center?

Page 5: Marketing in a Recession

“Brands that increase (marketing) during a recession, when competitors are cutting back, can improve market share and return on investment at lower cost than during good economic times.”

» Marketing Your Way Through a Recession» Published: March 3, 2008

Page 6: Marketing in a Recession

• Nail your Sales and Marketing message.

• Pound your competitors’ shortcomings. – They’re hurting and they will be quiet.

Take the offensive.

• In a downturn, aggressive PR and Communications strategy is key.

» Doug Leone, Sequoia Capital» Mandatory CEO All-Hands Meeting, Sand Hill Road» Oct. 9, 2008

Page 7: Marketing in a Recession

Remember the Basics

• You don’t need to reach EVERYBODY• You just need to reach the people who will

buy your stuff

Page 8: Marketing in a Recession

How Do Buyers Find You?

Page 9: Marketing in a Recession

How Do Buyers Find You?

Oh yeah, and:And:

Page 10: Marketing in a Recession

content

What Impacts “Findability?”

Page 11: Marketing in a Recession

content

“Findability” is

Page 12: Marketing in a Recession

TIME is Expensive

Page 13: Marketing in a Recession

What to Do?

• Focus on impact!

• What do you kill?– SEM (PPC) – Good SEO is cheaper, more effective– Advertising – it’s expensive; it’s hit-or-miss– Layers – cut internal staff– Events – box-up the booth; visibility = speeches

Page 14: Marketing in a Recession

What to Do?

• Where do you double-down?– Content creation – thought leadership

+ findability– SEO – findability – Listening – responsiveness scores points;

identifies red flags early on– PR – thought leadership + promotion

(read: findability) + responsiveness

Page 15: Marketing in a Recession

Social Media = Virtuous Cycle

Page 16: Marketing in a Recession

Whaddaya Mean by “Content Creation?”TODAY• We got the CEO a speaking gig!

– Media advisory!– Bylined article!– Proactive pitches! – On-the-floor interviews!– Go home!

TOMORROW• We got the CEO a speaking gig!

– Let’s send a camera crew along• Interview her on the way to the event• Podcast from a conference room• Document hallway chatter• Film or livestream the speech

– Share content all along the way• Twitpic & Utterz from the floor• #tag, tweet & liveblog the process

– Monitor response; interact with users– Do “the traditional PR stuff” too

• Content creates ongoing “exposure opportunities” … empowers your communities … boosts SEO …

Page 17: Marketing in a Recession

“But My Prospects Don’t Tweet!”

• Chances are, most of your buyers don’t tweet, utter, flick, or ‘tube!

• Don’t matter. Not a lick.

’s SOCIAL MEDIA

Page 18: Marketing in a Recession

mmmm … !!!

Page 19: Marketing in a Recession

What About PR?

• PR is totally $%#@’ing necessary• For the FTE cost of 1 senior PR pro, agencies will

give you 5! - strategists, tacticians, writers, etc.• PR provides 3rd party validation– MSM is influential

• Most buyers still prefer a MSM write-up to a blog post (CREDIBILITY)• Most MSM sites have better PageRanks than blogs (FINDABILITY)• Agencies have long-standing relationships across the mediasphere, via

several clients (RESULTS)

– Industry Awards! Speaking Opportunities! Social Content Distribution! Oh my!

Page 20: Marketing in a Recession

“Dude, I Need a Checklist”DO• Listen• Blog• Hire a PR firm• Focus on SEO• Create & publish relevant

content• Distribute content in places

where buyers can be found– Trust good SEO to do the rest

• Measure

DON’T• Advertise• Pay-per-click• Attend events

– Unless you’ll be a speaker

• Protect your fiefdom– Outsource vs. Hire

• And, Don’t Panic!

Page 21: Marketing in a Recession

• Todd Defren• SHIFT Communications• [email protected]• 617-779-1853• www.shiftcomm.com (web)• www.pr-squared.com (blog)• twitter.com/tdefren (twitter)

Now What?

I’ve got more ideas… Contact me:

C’mon, they only gave me 10 minutes!