Posts Tagged ‘marketing’

The Business of Happiness

Friday, December 2nd, 2011

By Henna Merchant

We are all in the business of happiness, no matter the means. We make our daily living by serving others and delivering value to others.

Most of us know this regardless of education or experience, but as someone who operates a service-based business, my job is to help others be aware of it and optimize their assets to their fullest gains.

Our respective success ultimately depends on the extent to which we connect with others, and how skilled we are at establishing and maintaining relationships. This is nothing new. It is our personalities that we leverage to achieve relationships, and successful brands and companies are run by genuine people who practice this standard of communication.

One of my mentors, Rohit Bhargava, Senior Vice President of Ogilvy Public Relations Worldwide, a genuinely nice person (and quite brilliant, if I might say so) is on the verge of launching his second book titled “Likeanomics,” the premise of which is that relationships are based on real interactions, with personality and humanity.

Prior to this book, Rohit wrote (and disclaimer: I was formerly his publicist on this one) Personality Not Included, a practical guide for brands on how to communicate with their publics and build successful relationships. As a persuasive communications practitioner, I mention these books because the concepts are powerful and they have helped me better serve my clients and also everyone else in my life. And they offer a great reminder: that we are all in the business of happiness.

Henna Merchant is the Principal of Clicked :: Digital PR & Marketing Communications, an agency that combines digital influence, social and traditional media, public relations and marketing to produce a persuasive communications mix.

Performance-Based Marketing Models

Thursday, September 8th, 2011

By Chris Wilkinson

A seismic shift is underway in the advertising world, placing more power in the hands of the advertiser.

In the online/digital realms we see an enormous and unprecedented shift of advertising dollars away from other more traditional media. The incumbent “CPM” model (cost per thousand viewers) is giving way to new performance-based models where compensation to publishers is based on the actual success of the advertising campaign.

Under the old CPM model, the advertiser pays a flat rate for a specific amount of exposure to the consumer. Enter the newer performance-based models which can be more effective and more lucrative for both the advertiser and publisher. Standard performance-based models include:

  • CPA- cost-per-acquisition, publisher takes a percentage of the final sale price or fixed price for each sale which occurs as a result of the ad
  • CPL- cost-per-lead, fixed cost per valid, qualified business lead
  • CPC- cost-per-click, a fixed cost per click, indicating pre-qualified traffic
  • The evolution of performance-based models are forcing publishers in the digital realm to be more selective about their advertisers, resulting in more contextually relevant and appropriate advertising in line with the consumer’s interests.

    These models motivate publishers to see their advertisers as partners with a shared risk and reward for success, and ultimately that is a very positive step forward for the advertising industry.

    Chris Wilkinson is Managing Director of Los Angeles-based Digital Revenue Partners, which specializes in performance-based marketing and sales strategies bridging the traditional and digital media worlds. He may be reached for comment or business inquiries by email (chris@drp-la.com) or phone (323-892-2256).

    Curiosity and the Forever Search for Random Meaningless Information

    Thursday, June 2nd, 2011

    By Michael Chiang

    Growing up in the MTV generation, I was influenced by pop-culture and the forever quest for useless knowledge. Like a sponge, I retained as much information as possible. I memorized and researched jingles, movie lines, rock anthems, gossip, world history, future history, astrology (I am a Gemini), video game codes (up, up, down, down, left, right, left, right, B, A), sports history, names of cities, anything I could get my hands on.

    Believe it or not, I found myself disenchanted with school topics. English class was boring. My attention span was zero in AP Government. French made no sense to me, and math was only good for counting cards. Yet mastering the art of spitting out movie lines; that was awesome! I hung out with my geek friends talking about how “Andy” was a dude’s name, but in “The Goonies,” she was kind of hot.

    You may be asking yourself why you just spent the last 30 seconds reading the paragraph above. You may think it was a waste of time. If you feel dumber or need better time management skills, continue reading. If you agree that random meaningless information doesn’t waste time, skip to the last paragraph.

    People enjoy buying from people they like. What is the easiest way to get a client to like you? Have similar interests and be ever-knowing in random topics. I have closed deals based on discussions about Voltron and the Thundercats. Like intellects gathering in the center of town, I gather at John’s house and draft my top 26 fantasy baseball players. One of my clients asked me to join his league. My personal book of business has just tripled.

    So if your child is asking to watch YouTube videos or anything viral, indulge them. Let them be the sponge that I was. I think I turned out alright.

    You have completed the Choose Your Own Adventure quest. Please pass Go and collect your $200.00.

    Michael Chiang is a senior regional manager at Crescent Solutionsand president of the Los Angeles .NET Developers Group.

    Branding (Part 2 of 3)

    Friday, March 4th, 2011

    By Adam Mefford

    (part two of three in a series on branding)

    Last month I wrote about the most critical element of branding: a clearly articulated strategy for the business. Now let’s look at design, which is how most people think of branding.

    Ideally, the product or service blends with the intangible meaning of a brand. The brand comes across as one unified, magical experience—hitting on all levels of body, mind and imagination.

    In design training for branding, creative students develop systems to define aesthetic choices for composing and executing the assets of a company. This particular challenge is very specialized and appeals to a small percentage of creative designers.

    At the start of your project you need one of these people to work with you on an identity system for your business. This translates your group character and strategy into specific criteria for designing the required materials.

    Hiring someone with experience is worth your money—I’d recommend spending no less than $4K. You need a unique set of assets that will endure for at least five years and accommodate all future areas of design.

    The goal is for your materials to give a sense of the logic and purpose uniting everything you do. This builds momentum and trust, and leaves a lasting impression on customers.

    Adam Mefford is an alumni of Art Center College. He is launching a platform for entrepreneurship in Los Angeles known as Currency.

    E-mail him at Adam Mefford