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Welcome once again to the AOR Marketing Ideas Newsletter, your chance to learn what's working and what's not in the marketing world. You're receiving this e-newsletter because you subscribed at the AOR site. Every dark cloud has a silver marketing lining if you can see the need that the cloud has created. It's a no-brainer to realize that the economy has affected discretionary spending. Now someone has launched a new web service to take advantage of that fact. SmartyPig is designed to help people save money AND get a good deal on the stuff they are saving up for...all provided with a friendly porcine face and soothing Pepto-Bismol-pink design. The site launched this year. Its modus operandi is to help users build online savings goals for major purchases, including travel, electronic devices and gifts for the holidays. A high-yield savings account pays 3.9% APY to customers, who can then also earn up to 6% in savings from major online retailers, including Amazon, Best Buy, Home Depot, Hyatt, Macy's, Marriott, Overstock.com and Pottery Barn.
The model's ideal for an economy like this one. American consumers increasingly confine their discretionary spend to the internet, hoping both to save gas and find deals. Not surprising, the early adopters on this new product are younger: Other SmartyPig features that appeal to the younger demographic include social networking widgets—enabling users to share savings goals via MySpace and Facebook, for example — and Twitter-based contests. Thanks to MarketingVox for info on SmartyPig. At its simplest, your "brand" is what people believe you to be, what they believe you will deliver and what they believe that experience will be like. Brands reside in the minds of your customers and potential customers and they drive their relationship with you. Brands are built on promises that you must deliver on with consistency and reliability at every customer touch point. From the cash register to your marketing materials, from your website to employee clothing and attitudes, even the location of your storefronts. So while you may have a strong brand mark (logo) or a name that is well-known in your community, do you really know what your brand stands for and how it differentiates your organization from the competition? Even though your brand lives in the minds of your customers and is an intangible perception, there are hundreds of things you can do to shape it. The first is to accurately and objectively map out your brand attributes and make sure every person in your organization knows them. A guided "Brand Mapping" exercise is one way to do this. In the meantime, I dare you to take a few minutes to write down what you believe your brand is all about. Then ask five other people both inside and outside your organization how they would define your brand. Find out who the market thinks you are. You might be surprised. Most successful companies identify their brand as their most important asset. Don't minimize the value of yours. Most major ISPs such as AOL, Yahoo and Hotmail have a setting which allows users to block images in their email reader. Many email clients even have it set as the default for all new email accounts. What does that mean for your next email campaign?
Halloween may have passed, but you still have time to don your labcoat and play like an evil scientist. At M&M's CandyLab, you can upload a face (yours, your kid's, your crazy co-worker's, or one of the faces they provide) onto an M&M and then make it talk or sing. You can even email it to a friend. What a fun way to get people to interact with your product and make it their own! Thanks for reading. Be sure to give us your feedback. Have an idea? A question? An opposing opinion? Found a good web site lately? Let us know. Privacy: AOR will never sell, rent, or otherwise share your email address with any other company. That wouldn't be cool! |