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AMERICA’S NEXT top   marketer top  marketer AMERICA’S NEXT  This could be you Multifamily >
[object Object],[object Object],[object Object],[object Object],corporatebloggingtips.com
what is  marketing?
more than logos & slogans
more than brochures & ad placements
“ Marketing is an  organizational function  and a  set of processes  for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.”
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Customer First All the activities and programs to attract new customers, keep existing ones happy and communicate with the market place in general
Ways companies communicate  the value of their products or services to ME  (consumers and stakeholders)
consumer  insights
Customer   service  is more important than ever
Photo from Curtis Cronn
Consumers want to be involved
Consumer Actionism consumers -- when empowered to take action
Consumers want the ability to personalize and evangelize
 
Trust DEFICIT
Photo from epicharmus
Mindless to mindful consumption
Photo by Mike_tn
Values Matter
Seventy-one percent of people said, "I make it a point to buy brands from companies whose values are similar to my own." Nearly the same number rejected companies whose values don't match. As chief insights officer  for Young & Rubicam John Gerzema   Photo by IXQUICK
Gestures must go beyond words. Persuasion is no longer enough.
12% growth in sales Buyer-Reassurance Program
I trust people like me
Study here Photo by Oude School Trust in “a person like me” increased from 20% in 2003 to 68% in 2006
Move to meet the demand of the consumer Cling to the past and potential elimination is in your future Seize the opportunity and  growth will be yours
planning your  marketing
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Your Marketing Plan
Photo by docman Robert Middleton http://www.actionplan.com/
Marketing goals can not be meaningful if they are not tied into  your overall business goals
strategic  thinking
Strategy vs. Tactics Strategy Overall perspective that guides your decisions Tactics Specific actions  you’ll take to accomplish plan
A strategy  is different from a  tactic  - many tactics may be deployed as part of a single strategy
“ The right strategy makes any tactic work better. The right strategy puts less pressure on executing your tactics perfectly.” Seth Godin
Goals then Strategy then Tactics win the war divide and conquer CIA gathers intelligence Navy knocks out communications Paratroopers secure airports Infantry invades Hand-to-hand combat Goal Strategy Tactics
The Strategy/Operations Relationship
The Strategy/Operations Relationship
SWOT  analysis
Used to identify the  key internal & external factors  that are important to an organization meeting its objective
 
Photo by Omar Eduardo
Photo by docman Draw your SWOT www.smartdraw.com/ SWOT template www.mindtools.com/
marketing  mix
 
 
4Ps  provide a simple structure for product  in terms of creation, price, placement and distribution – but what about service?
3 additional services Ps
3 additional services Ps People make or break the marketing message of the service
3 additional services Ps People Physical Evidence clearly communicates -documentation is the evidence
3 additional services Ps People Physical Evidence Process makes it easy for consumers to understand the service and how it’s used
7Ps allow for successful marketing
Your  audience
Who are your  customers?
How do you  connect with them?
How do  they connect  with you?
Why do they  do business with  YOU
story telling
Do you have  a story?
[object Object],Make it more than a history lesson!
Brands that have  stories do better than brands without stories
selling  proposition
Unique Selling Proposition:   any aspect of a  brand that differentiates  it from similar objects.
“ You get fresh, hot pizza delivered to your door in 30 minutes or less -- or it’s free.”
“ Melts in your mouth, not in your hand.”
“ Melts in your mouth, not in your hand.”
Lucky for you  shelter is a  BASIC NEED!
Photo by Omar Eduardo
market  segments
sub-set of an audience sharing characteristics that cause  them to demand similar  products and/or services
Market Segment examples Age Gender Price Interests
Students free wifi fun neighborhood close to campus Parents safe well-lit affordable
media  channels
 
What channels performed the  strongest for your company? Source: Datran Media
Source: Datran Media
 
social  media
Source: CMO.com
It’s okay if every channel isn’t for you. You shouldn’t be all things to all people. Go back to your unique selling proposition and audience to determine where you should be.
return on  investment
measure of the financial gain/loss of a project in relation to its cost Return On Investment
Positive ROI  validates the use of  your time and resources
measuring  ROI
Source: Datran Media Measure Adjust
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What do you measure?
Source: Datran Media
Photo by docman Analytics google.com/analytics onclick - event track Link click tracking http://bit.ly/ Find what people  are saying about … google.com/alerts Twitter Chatter tweetbeep.com Many Channels hootsuite.com Facebook Insights Twitter Ranking klout.com twittergrader.com
Budget  setting
Counselors to America’s  Small Business & the U.S. Small Business Administration define the variable for a proper marketing budget  to be between  2% and 10% of sales . Some B2Cmarketing budgets  exceed 20%  during peak brand-building years.
multifamily  marketing issues
Traffic Generation
Strength your USP Leverage your opportunities  Measure measure measure
Finite Resources
Reduce  Reuse Recycle Rethink
Buy in from the TOP
Tie marketing goals back to business goals – measure and  prove the ROI
TIME
No matter the size of your organization  you must  WORK SMARTER
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein Photo by duncandavidson
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Resources
Attention Brainstormers! ,[object Object],[object Object],[object Object],[object Object],[object Object]

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America's Next Top Multifamily Marketer

Editor's Notes

  1. Judd estimates the company's 342-person, round-the-clock customer loyalty team in Henderson, Nev., answers 5,000 calls a day, though that number grows significantly during the November and December busy season. They also answer 1,200 e-mails a week and monitor Twitter and social networking sites for mentions of Zappos, which they use to proactively reach out to potential shoppers. 2009 stats
  2. Opportunity for you to make up where others have screwed up!
  3. Crash of the housing market lead to the people making better choices about how they spend money and where they are getting their money from …
  4. grew more than 12 percent by saying that if you lose your job, you can return your car.
  5. Edelman study – people buy from people like themselves Rank-and-file employees more credible spokespersons than corporate CEOs
  6. Where do you want your brand to be in 10 years
  7. Those that sell the service and make or break the marketing message of the service.
  8. Use your swot
  9. NMHC IREM NAA - % of budget Cost per unit is looked at to determine marketing spend.