Posts Tagged ‘advertising’

Research Brief- Web Influences Trillion Dollar Retail Sales

Thursday, October 27th, 2011

New research from GroupM Search, with research partner Kantar Media Compete, reveals that 86% of buyers who purchase in-store use generic terms on search engines to inform their purchase decision. The study, featuring RadioShack, Audi, and a national entertainment brand, also shows that when a shopper conducts a search online and clicks on a link, 90% of those clicks are on the organic listings of a search engine results page.

Forrester Research projected online retail revenues to be $173 billion in 2010, growing over 40% to reach nearly $250 billion by 2014. Yet for all the projected growth, the online channel will account for just 8% of total retail sales revenue. A deeper look at the numbers confirms that this drastically undervalues the role of the Web in the retail industry, says the GroupM study. (more…)

How People Learn About Their Communities– It May Not Be Where You Think

Thursday, October 20th, 2011

I’m teaching about 100 freshman and sophomore Mass Comm students this semester at the University of South Carolina. I actually have 260 students. But I figure, I might be “teaching” 100 of them. And one of the things we discuss often, is “where” and “how” they get their news and find out about local happenings.

According to a survey by the Pew Research Center’s Project for Excellence in Journalism and Internet & American Life Project, contrary to much of the conventional understanding of how people learn about their communities, Americans turn to a wide range of platforms to get local news and information. Overall, the picture revealed by the data is that of a richer and more nuanced ecosystem of community news and information than researchers have previously identified.

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That 6 hours a week you spend on social media? Where does that time come from?

Wednesday, May 4th, 2011

58% of marketers are using social media for 6 hours or more each week and 34% for 11 or more hours weekly. My question is this– from where is that time coming? The days, even though they feel longer, didn’t really get any longer. And while 90% of marketers agree that social media is important to their businesses it’s still time that is coming from somewhere else. But where? Prospecting? Selling? Personal Development? Other business development activities? Here are the findings:

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The Myth of the “Right People”

Wednesday, March 2nd, 2011

I had lunch with a radio sales rep a couple of weeks ago and invariably, as it always does, the conversation turned to reaching “the right people” and how this group of stations could reach exactly the customer my client was after.

Now, honestly, I’ve never seen a business fail due to reaching the wrong people. But if you listen to advertising sales reps, “reaching the right people” will solve all your problems.

And guess who has exactly the right people for you?

The conversation usually goes something like this: the sales rep says, “Tell me, who is your customer?”
“Blah, blah, blah.”
“Really? That’s exactly who we reach! What a fit! It’s like a hand in glove, a marriage made in heaven! We reach your exact customer profile!”

Get the picture?

Here’s an idea. Call every advertising sales office in your city and tell them you want to advertise with them. Let’s see how many of them say, “Sorry, your customer isn’t who we reach.”

The myth of “the right people” is a myth every business owner wants to believe because it keeps them from having to make uncomfortable changes. “Our selection isn’t off-target, we’re just reaching the wrong people.” “Our prices aren’t too high, we’re just reaching the wrong people.” Traffic isn’t down because our ads are flaccid, we’re just reaching the wrong people.”
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Being For What Is

Thursday, February 3rd, 2011

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends upon the unreasonable man.” – George Bernard Shaw

“Every man with a new idea is a crank until the idea succeeds.” – Mark Twain

A friend of mine has a saying that I never quite understood, but think I do now. “Be for what is.” Here’s what I think:
There are basically two ways of seeing:
1. the way things ought to be.
2. the way things are.

Do you find yourself moaning about the injustice of it all and wishing that things were different?
Be for what is.

Do you hear things like this? ‘If only my boss liked me better.’ ‘If only I had married someone else.’ ‘If only I had invested in Wal-Mart, Apple or Microsoft back when.’ There’s a little bit of that in all of us. (more…)