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	<title>Neology &#124; Copyrighting &#38; Marketing</title>
	<atom:link href="http://neologyconcepts.com/blog/feed/" rel="self" type="application/rss+xml" />
	<link>http://neologyconcepts.com/blog</link>
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		<title>Story-Selling Ain&#8217;t New</title>
		<link>http://neologyconcepts.com/blog/2010/08/story-selling-aint-new/</link>
		<comments>http://neologyconcepts.com/blog/2010/08/story-selling-aint-new/#comments</comments>
		<pubDate>Thu, 26 Aug 2010 22:31:42 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Messaging]]></category>
		<category><![CDATA[marketing messages]]></category>
		<category><![CDATA[marketing messaging]]></category>
		<category><![CDATA[Marketing Writing]]></category>
		<category><![CDATA[Steve Kayser]]></category>
		<category><![CDATA[storytelling]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=241</guid>
		<description><![CDATA[Have you ever heard something that makes you stop?
Steve Kayser&#8217;s article &#8220;In These Tough Times Here’s a Way to Print Your Own Currency Legally … with Content&#8221; had that effect on me.
In the article are the words: &#8220;You got no story. You got no game. You got no game – you got no business.&#8221; In [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-247" title="Story-Telling-Why-Stories-Are-Vital-to-Your-Success" src="http://neologyconcepts.com/blog/wp-content/uploads/2010/08/Story-Telling-Why-Stories-Are-Vital-to-Your-Success-300x161.jpg" alt="Story-Telling-Why-Stories-Are-Vital-to-Your-Success" width="277" height="151" />Have you ever heard something that makes you stop?</p>
<p>Steve Kayser&#8217;s article &#8220;<a href="http://www.writingriffs.com/2010/08/25/in-these-tough-times-heres-a-way-to-print-your-own-currency-legally-with-content/" target="_blank">In These Tough Times Here’s a Way to Print Your Own Currency Legally … with Content</a>&#8221; had that effect on me.</p>
<p>In the article are the words: &#8220;You got no story. You got no game. You got no game – you got no business.&#8221; In other words, companies need to use relevant, &#8220;educational, entertaining&#8221; stories to help sell their solutions.</p>
<p>Got it. Check. I&#8217;m with you Steve.</p>
<p>Or at least I was&#8230;until I saw this: &#8220;<strong>Story-selling content is the new advertising, marketing and PR currency</strong>&#8220;.</p>
<p>Huh? Stop! Did I miss something? <span id="more-241"></span><strong></strong></p>
<p><strong>Story-telling ain&#8217;t new</strong></p>
<p>Good marketing has always focused on stories, even in the &#8220;old&#8221; tactics of print ads and PR. Heck, even in the days of snake oil salesmen. Framing the &#8220;pitch&#8221;, the corporate message, the product message, the service message, etc. in the context of a story that solves customer&#8217;s problems is a device that has been used since the dawn of marketing.</p>
<p>Now granted, as Steve suggests in his article, some companies have no story. Others companies have stories but can&#8217;t &#8220;sell&#8221; them to save their lives. Still others are great at &#8220;telling&#8221; stories, but can&#8217;t back up those stories with fact (Vaporware anyone?). That does not mean, however, that storytelling is new. That relevance is new. That framing marketing messages to address customer needs is new.</p>
<p><strong>Then story-SELLING must be new, right?</strong></p>
<p>Maybe what Mr. Kayser meant was that the delivery mechanism has changed. Social media is becoming an increasingly critical portion of the marketing communication mix. And it requires different rules of interaction and engagement. Different styles of writing. Different channels for delivering the message.</p>
<p>But is that really &#8220;new&#8221;?  Not really.</p>
<p>&#8220;Re-learned&#8221; is probably more accurate. After all, before newspapers, magazines, radio, TV and the Internet, marketing was conducted face-to-face. It was, for the most part, social. Sure, the salespeople stood before the crowd and shouted the pitch. But the crowd could shout back. Or throw tomatoes.</p>
<p>The point is, even back then, storytelling AND story-selling were both central to the process.</p>
<p><strong>So What&#8217;s the Point?</strong></p>
<p>&#8220;The truth is that your business success, whatever business you’re in, hinges on your ability to create remarkable content. Remarkable problem-solving stories. But no matter how great or remarkable your story may be, it still has to be discovered or found first.&#8221;</p>
<p>Mr. Kayser, I couldn&#8217;t agree more. This is the point. I just want to know when this became a new idea.</p>
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		<title>Go Bold or Go Home?</title>
		<link>http://neologyconcepts.com/blog/2010/07/go-bold-or-go-home/</link>
		<comments>http://neologyconcepts.com/blog/2010/07/go-bold-or-go-home/#comments</comments>
		<pubDate>Fri, 09 Jul 2010 04:18:28 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Messaging]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[Copywriting]]></category>
		<category><![CDATA[entertainment technology]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[marketing messages]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=228</guid>
		<description><![CDATA[We&#8217;ve all heard it before &#8211; &#8220;Go Bold or Go Home&#8221;, aka, &#8220;Go Big or Go Home&#8221;. I admit &#8211; I too pounded my chest while shouting that mantra. But now I wonder&#8230;
When marketing was a soapbox and companies held the bull horn, that statement made sense. To get noticed, you had to yell the [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-235" title="3333894179_d40d6e8be7" src="http://neologyconcepts.com/blog/wp-content/uploads/2010/07/3333894179_d40d6e8be71-213x300.jpg" alt="3333894179_d40d6e8be7" width="196" height="276" />We&#8217;ve all heard it before &#8211; &#8220;Go Bold or Go Home&#8221;, aka, &#8220;Go Big or Go Home&#8221;. I admit &#8211; I too pounded my chest while shouting that mantra. But now I wonder&#8230;</p>
<p>When marketing was a soapbox and companies held the bull horn, that statement made sense. To get noticed, you had to yell the loudest, to create a most eye-catching graphics, to have the best deal (Del Taco anyone?). You had to wow the buyer with the most eye-catching, earth-shattering marketing campaign ever.</p>
<p>How true is that statement now?<span id="more-228"></span></p>
<p>In the age of the Internet and social media, where information is prevalent and there is no lack of naysayers, does this still hold true? I ask the question because I am constantly reminded in my industry (where most the buyers know their tech inside and out) that savvy buyers see through the bold, and focus on the details.</p>
<p>Sure, the bold might grab their attention, but if there is no substance behind it &#8211; no substance to satisfy their need &#8211; then the buyer will walk away. Unless the product or service is truly earth-shattering, there are simply too many options (including those they&#8217;ll develop by themselves) to keep the buyer focused on you.</p>
<p>In the world of entertainment technology, I propose a qualification to &#8220;Go Bold or Go Home&#8221;. Go Bold if you can back it up. Go Home if you can&#8217;t. Differentiate yourself and your product in real terms (real features, real benefits). The buyer may not be wowed all the time, but they will certainly see how it applies to them, and that connection will get them thinking&#8230;and talking.</p>
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		<title>Latest project: The Friedman Group</title>
		<link>http://neologyconcepts.com/blog/2010/06/latest-project-the-friedman-group/</link>
		<comments>http://neologyconcepts.com/blog/2010/06/latest-project-the-friedman-group/#comments</comments>
		<pubDate>Wed, 30 Jun 2010 21:46:44 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Messaging]]></category>
		<category><![CDATA[Projects]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[marketing]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=217</guid>
		<description><![CDATA[Neology and its design partner BlueSpark Studios have just completed a project for brand enhancement firm, The Friedman Group. The project included new messaging for the firm, as well as a refinement of the firm&#8217;s logo, website and stationery. Have a look at www.friedmangrp.com and let us know what you think.

]]></description>
			<content:encoded><![CDATA[<p>Neology and its design partner <a href="http://www.bluesparkstudios.com" target="_blank">BlueSpark Studios</a> have just completed a project for brand enhancement firm, The Friedman Group. The project included new messaging for the firm, as well as a refinement of the firm&#8217;s logo, website and stationery. Have a look at <a href="http://www.friedmangrp.com" target="_blank">www.friedmangrp.com</a> and let us know what you think.</p>
<p><img class="aligncenter size-medium wp-image-218" title="TheFriedmanGrp" src="http://neologyconcepts.com/blog/wp-content/uploads/2010/06/TheFriedmanGrp-300x247.png" alt="TheFriedmanGrp" width="281" height="231" /></p>
]]></content:encoded>
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		<title>Latest Project: GPL Technologies</title>
		<link>http://neologyconcepts.com/blog/2010/06/latest-project-gpl-technologies/</link>
		<comments>http://neologyconcepts.com/blog/2010/06/latest-project-gpl-technologies/#comments</comments>
		<pubDate>Mon, 21 Jun 2010 20:16:30 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Messaging]]></category>
		<category><![CDATA[Projects]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[re-branding]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=207</guid>
		<description><![CDATA[Here&#8217;s our latest re-branding project: GPL Technologies. Neology re-named the company, re-designed the logo, re-wrote or edited GPL&#8217;s web copy, and re-designed the website. Have a look at their website (www.gpltech.com) and let us know what you think.

]]></description>
			<content:encoded><![CDATA[<p>Here&#8217;s our latest re-branding project: GPL Technologies. Neology re-named the company, re-designed the logo, re-wrote or edited GPL&#8217;s web copy, and re-designed the website. Have a look at their website (www.gpltech.com) and let us know what you think.</p>
<p style="text-align: center;"><img class="aligncenter size-large wp-image-210" title="GPL Technologies_homepage" src="http://neologyconcepts.com/blog/wp-content/uploads/2010/06/GPL-Technologies_homepage-1024x926.jpg" alt="GPL Technologies_homepage" width="581" height="526" /></p>
]]></content:encoded>
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		<title>Is Social Media Killing the Brand Message?</title>
		<link>http://neologyconcepts.com/blog/2010/05/is-social-media-killing-the-brand-message/</link>
		<comments>http://neologyconcepts.com/blog/2010/05/is-social-media-killing-the-brand-message/#comments</comments>
		<pubDate>Tue, 25 May 2010 21:08:08 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Messaging]]></category>
		<category><![CDATA[brand messaging]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[marketing messages]]></category>
		<category><![CDATA[social media]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=194</guid>
		<description><![CDATA[I&#8217;ve been rather entrenched in the social media world lately, and have come across a few articles suggesting that in today&#8217;s social media world, brand messaging is no longer relevant since the customer is now dictating the message. In one post, the author goes so far as to say &#8220;Marketers are recognizing that they are [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-200" title="socialmedia" src="http://neologyconcepts.com/blog/wp-content/uploads/2010/05/socialmedia.jpg" alt="socialmedia" width="120" height="123" />I&#8217;ve been rather entrenched in the social media world lately, and have come across a few articles suggesting that in today&#8217;s social media world, brand messaging is no longer relevant since the customer is now dictating the message. In one post, the author goes so far as to say &#8220;Marketers are recognizing that they are not in control of the conversation, much less the message.&#8221;</p>
<p>I agree that with so many more people in an organization now communicating to potential customers via social networks, it is more difficult to control the message. I also agree that one-way preaching of rigid marketing messages makes for pretty boring social media conversations (and marketing, for that matter). But that doesn&#8217;t mean the marketing message is irrelevant.</p>
<p>In fact, the message is more relevant than ever. Here&#8217;s why:</p>
<p><span id="more-194"></span></p>
<p>With so many touch points for your message, it&#8217;s now easier for customers to get confused about your offerings and why those offerings are different than the next company&#8217;s. If your message doesn&#8217;t flow from a  set of values, how can you expect the customer to understand what your product is and how it can help make their life easier (better, cheaper, etc).</p>
<p>This does not mean that companies must try to control the conversation. But it does mean that companies should develop messages that communicate purposefully, and that are broad enough to allow conversations to happen.</p>
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		<title>A Flying Stink-o-Potamus?</title>
		<link>http://neologyconcepts.com/blog/2010/01/a-flying-stink-o-potamus/</link>
		<comments>http://neologyconcepts.com/blog/2010/01/a-flying-stink-o-potamus/#comments</comments>
		<pubDate>Wed, 06 Jan 2010 00:43:54 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Messaging]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[powerpoint]]></category>
		<category><![CDATA[presentations]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=176</guid>
		<description><![CDATA[What, you ask, is a Flying Stink-o-Potamus (also known as a Lying Stink-o-Potamus)? According to Steve Kayser in his article The Seven New Rules of Business Presentations, it&#8217;s a bad presentation.
I ran across this article randomly, but found it pretty engaging. As a copywriter and marketer, it reminded me of just how awful a presentation [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-178" style="alignleft = 2px; alignright = 2px" src="http://neologyconcepts.com/blog/wp-content/uploads/2010/01/3962099665_d95ba2b554-300x295.jpg" alt="" width="142" height="140" />What, you ask, is a Flying Stink-o-Potamus (also known as a Lying Stink-o-Potamus)? According to Steve Kayser in his article <a href="http://www.writingriffs.com/2009/11/23/businesspresentations/">The Seven New Rules of Business Presentations</a>, it&#8217;s a bad presentation.</p>
<p>I ran across this article randomly, but found it pretty engaging. <span id="more-176"></span>As a copywriter and marketer, it reminded me of just how awful a presentation can be when it includes too many words, too many bullet points and not enough kernels of wisdom.</p>
<p>If you are like me &#8211; someone looking for a way to avoid the dreaded Flying Stink-o-Potami &#8211; this article is definitely worth a read. While it may not simplify the creation of presentations for you, it might just give you that little bit of advice needed to keep your audience from yawning. Enjoy.</p>
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		<title>Going to a Show? Got a Message?</title>
		<link>http://neologyconcepts.com/blog/2009/11/going-to-a-show-got-a-message/</link>
		<comments>http://neologyconcepts.com/blog/2009/11/going-to-a-show-got-a-message/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 03:50:59 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Messaging]]></category>
		<category><![CDATA[event management]]></category>
		<category><![CDATA[GDC]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[marketing communications]]></category>
		<category><![CDATA[marketing messaging]]></category>
		<category><![CDATA[trade show management]]></category>
		<category><![CDATA[trade shows]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=159</guid>
		<description><![CDATA[With some of the tradeshows I’m familiar with just around the corner (GDC, I/ITSEC, DICE, and others), I’ve been thinking a lot about strategies for approaching events, and just what to advise companies who are thinking about exhibiting. Here are some of my strategic tips:

Tradeshows Still Work
Trade shows are still a very vital form of [...]]]></description>
			<content:encoded><![CDATA[<p>With some of the tradeshows I’m familiar with just around the corner (<a href="http://gdconf.com/">GDC</a>, <a href="http://www.iitsec.org/">I/ITSEC</a>, <a href="http://www.dicesummit.org/">DICE</a>, and others), I’ve been thinking a lot about strategies for approaching events, and just what to advise companies who are thinking about exhibiting. Here are some of my strategic tips:</p>
<p><span id="more-159"></span></p>
<p><strong>Tradeshows Still Work</strong></p>
<p>Trade shows are still a very vital form of marketing. Despite the growth of social media, there is no substitute for meeting face-to-face with your customers. It’s networking in its purest form.</p>
<p><strong>What’s Your Hook?</strong></p>
<p>Frankly, very few people really care about your business. You need to make them care. If</p>
<dl id="attachment_166" class="wp-caption alignleft" style="width: 278px;">
<dt class="wp-caption-dt"><img class="size-medium wp-image-166" title="Booth09_FrontComp_B2" src="http://neologyconcepts.com/blog/wp-content/uploads/2009/11/Booth09_FrontComp_B2-300x206.jpg" alt="Image Metrics GDC 2009 Booth" width="268" height="184" /></dt>
</dl>
<p>you decide that a particular tradeshow is the right place to reach your audience, then ask yourself this: Why should someone care about your company? Are you introducing your company to the market for the first time? Are you launching a new product? Are you announcing a strategic partnership?</p>
<p><strong>No Hook? Consider Other Strategies</strong></p>
<p>If your company is exhibiting with no real hook, you may be better served considering other strategies. Send your sales force to walk the floor. Set up meetings off-site. Work with a partner. Throw a happy hour at a local bar. But don’t spend the money on a booth and all the effort that goes into it.</p>
<p><strong> </strong></p>
<p><strong>Set a Goal</strong></p>
<p>Unlike some forms of marketing, tradeshows are measureable. When thinking about the show, ask yourself how you will measure success. Is it in names or qualified leads collected? Is it in demo CDs you’ve handed out, or the number of people that showed up at your speaking event? Whatever it is, make sure you can measure it. (I know some of you will disagree, but the number of drinks served at your happy hour isn’t a form of measurement.)</p>
<p><strong>Package Your Message</strong></p>
<p>Once you’ve decided internally that you have something to say, it’s time to start thinking about how to say it. Or, put another way, how to package it into a campaign. The campaign does not have to be ground breaking, although ground breaking is nice. Short of that, clear and memorable is just fine. Think about it this way: If your customers could walk away with one message, what would it be and how do I make it stick in their heads?</p>
<p><strong>Fund Your Idea</strong></p>
<p>At the same time, you should be weighing your campaign ideas against your budget. You may have big news, but only a small budget to communicate it. If that&#8217;s the case, your campaign may have to be more guerilla than you originally intended. Better to know that going in than to have your campaign fall flat due to budget.</p>
<p><strong> </strong></p>
<p><strong>Start Focusing on the Details</strong></p>
<p>If done well, your message (and the campaign you build around it) should provide you with a general roadmap for the tactics you need to employ at the show. In my next few posts, I’ll take a closer look at many of those tactics, including what to think about pre-show, at the show, and post-show.</p>
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		<title>Editors as Copywriters?</title>
		<link>http://neologyconcepts.com/blog/2009/11/editors-as-copywriters/</link>
		<comments>http://neologyconcepts.com/blog/2009/11/editors-as-copywriters/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 00:07:44 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Messaging]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[AdWeek]]></category>
		<category><![CDATA[Copywriting]]></category>
		<category><![CDATA[marketing]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=153</guid>
		<description><![CDATA[AdWeek just wrote an article about a disturbing new trend taking place in the online world, on sites like Deadspin and Thrillist. It seems that editors are now writing ad content for advertisers and weaving the ad into the page content. Imagine reading your favorite sports column and then suddenly seeing an article for Wendy&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>AdWeek just wrote an <a title="editors as copywriters" href="http://www.adweek.com/aw/content_display/news/digital/e3i18f9fdff77fbe3607b40a99b58ce3059">article</a> about a disturbing new trend taking place in the online world, on sites like Deadspin and Thrillist. It seems that editors are now writing ad content for advertisers and weaving the ad into the page content. Imagine reading your favorite sports column and then suddenly seeing an article for Wendy&#8217;s hot and juicy burgers. Talk about interruption marketing!</p>
<p>Advertisers love it because they are no longer relegated to the oft-overlooked side bar. Online sites argue that their editors know their readers best, so who better to write the copy. Even if this is seems like a marriage of the long-divorced church and state, I argue that both advertisers and sites are missing the point. There is a reason why TiVo exists, why print ads are dwindling in number and why social media is gaining steam &#8211; consumers don&#8217;t want to be interrupted.</p>
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		<title>(Written) Content is Still King</title>
		<link>http://neologyconcepts.com/blog/2009/10/written-content-is-still-king/</link>
		<comments>http://neologyconcepts.com/blog/2009/10/written-content-is-still-king/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 21:51:54 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Messaging]]></category>
		<category><![CDATA[content development]]></category>
		<category><![CDATA[copywriter]]></category>
		<category><![CDATA[Copywriting]]></category>
		<category><![CDATA[interruption marketing]]></category>
		<category><![CDATA[Marketing Writing]]></category>
		<category><![CDATA[permission marketing]]></category>
		<category><![CDATA[web content]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=147</guid>
		<description><![CDATA[For those not paying attention, there has been a pretty monumental shift in marketing over the last few years. To put it simply, we’ve evolved from the more traditional world of interruption marketing to the world of permission marketing.

So what does all that mean for copywriters who have built their careers on catchy ad slogans? [...]]]></description>
			<content:encoded><![CDATA[<p>For those not paying attention, there has been a pretty monumental shift in marketing over the last few years. To put it simply, we’ve evolved from the more traditional world of <a title="interruption-marketing" href="http://www.angelofernando.com/Interruption.htm">interruption marketing</a> to the world of <a title="permission-marketing" href="http://en.wikipedia.org/wiki/Permission_marketing">permission marketing</a>.</p>
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<p class="MsoPlainText">So what does all that mean for copywriters who have built their careers on catchy ad slogans? For the savvy copywriter who knows how to evolve, it can spell opportunity.</p>
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<p class="MsoPlainText">Consider these points:</p>
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<p class="MsoPlainText"><strong>Internet search is based on words</strong> – Web sites are ranked according to the fancy algorithms that google and other search engines employ. Those algorithms are based in large part on written content, e.g. how many times a word is used on a page; whether a word is bold or not; whether graphics and tags have descriptive text to support them; and so on.</p>
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<p class="MsoPlainText"><strong>Keywords drive awareness</strong> – In today’s 2.0 world, it’s all about relevance. Fancy graphics and classic TV spots might grab your attention (interrupt you), but well-chosen words written by smart copywriters can connect relevant messages to the right audience.</p>
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<p class="MsoPlainText"><strong>Social media is based on written conversation</strong> – Twitter and Facebook are based on written conversations. Copywriters should learn how to join those conversations for their benefit, and the benefit of their clients.</p>
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<p class="MsoPlainText"><strong>Traditional media is not dead</strong> – Even though some forms of traditional marketing are decreasing in importance, they are by no means gone. Flyers and brochures, press releases, videos, case studies, white papers, print and web ads – all of these techniques are still used across marketing departments and throughout agencies.</p>
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<p class="MsoPlainText"><strong>Companies still need messaging</strong> – I’ve saved the most important for last. Everything above is just a tactic. Crafting corporate and product messages, and ensuring that they are flowing through the right forms of media in the right way, is still critical to a company’s success.</p>
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<p class="MsoPlainText">Marketing is changing. There is no doubt about that. But with that change has come new opportunity, especially for copywriters who are willing to embrace the shifting landscape.</p>
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		<title>Marketing Budgets for Early-Stage Companies &#8212; How Much Is Enough?</title>
		<link>http://neologyconcepts.com/blog/2009/10/marketing-budgets-for-early-stage-companies-how-much-is-enough/</link>
		<comments>http://neologyconcepts.com/blog/2009/10/marketing-budgets-for-early-stage-companies-how-much-is-enough/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 20:33:08 +0000</pubDate>
		<dc:creator>eschuey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[copywriter]]></category>
		<category><![CDATA[Copywriting]]></category>
		<category><![CDATA[Eric Schumacher]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Marketing Budgets]]></category>
		<category><![CDATA[neology]]></category>
		<category><![CDATA[Neology Concepts]]></category>
		<category><![CDATA[neologyconcepts]]></category>

		<guid isPermaLink="false">http://neologyconcepts.com/blog/?p=122</guid>
		<description><![CDATA[A company’s marketing budgets can vary greatly, depending on the economy, the industry it is in, whether or not it is selling to consumers or businesses, whether it’s launching a new product or continuing to market an established product, and so forth.
But what if it’s an early stage company that is just beginning to focus [...]]]></description>
			<content:encoded><![CDATA[<p>A company’s marketing budgets can vary greatly, depending on the economy, the industry it is in, whether or not it is selling to consumers or businesses, whether it’s launching a new product or continuing to market an established product, and so forth.</p>
<p>But what if it’s an early stage company that is just beginning to focus more attention on raising its visibility? What if it never really had an official marketing budget? If your company is in that situation, here are four budgeting approaches that can help:</p>
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<p><strong>Flat Dollar Approach</strong><br />
Particularly useful for early-stage businesses, the flat dollar approach bases marketing budgets on what the company thinks it can afford. This approach is usually most effective in budgeting for specific projects that are one-time expenses, such as exhibiting at a trade show.</p>
<p>Defining a flat dollar amount may be challenging in the first year of a business, since there are no past records of sales and marketing expenditures. To help you define appropriate budgets, contact others in the field, such as partners or consultants, to inquire about cost estimations. The last thing your early-stage business needs is large cost overruns.</p>
<p><strong>Percentage-of-Revenue</strong><br />
Allocating a percentage of sales revenue is one of the most popular methods for developing a marketing budget. The average allocation can range anywhere from 1% to 12% of annual projected sales. If your business is selling to consumers, typically budgets need to be greater. If your business is launching a new product or service, advertising and publicity needs are greater, so the percentage will also increase.</p>
<p>The main advantage to using a percentage of revenue approach is that the marketing budget will increase, or decrease, with the sales revenue of the company. The marketing budget will never spin out of control and deplete sales revenue. However, your marketing budget can change from one quarter to the next, making it difficult to stick to long-term plans.</p>
<p><strong>Matching Competitors</strong><br />
Another method for creating a marketing budget is to analyze and estimate what the competition is spending. This is another simple way to set a budget, since maintaining costs comparable with competitors keeps the business in line with others in the field.</p>
<p>However, this method also assumes the competitors are spending the right amount and have a comparable business philosophy and plan, product mix and target audience. Even if you do not use this method, it can be useful as a checking mechanism to ensure that your budgets are not too low or too high.</p>
<p><strong>Marketing Plan Objectives</strong><br />
The final approach uses the objectives in the marketing plan (such as the number of opportunities you&#8217;re aiming to achieve, etc) to determine the marketing budget. The budget is developed by estimating the expenditures needed to achieve the desired marketing objectives.</p>
<p>Although this method of budgeting can be the most realistic way to align budgets with the needs of your company, it is can also run headlong into competing financial constraints for a given year. Thus, it may take a little more effort to defend it.</p>
<p>Good luck!</p>
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