How often do you take the time to revisit your past marketing projects? Like that blog entry you wrote a few years ago that achieved third-party validation in the form of an accolade. Or the email drip campaign you conceptualized just three months ago that’s already resulting in a record-breaking number of email opens.
Earlier this week I got into an interesting conversation with several peers about what role collaboration can and should play in the workplace. We decided that, generally speaking, organizations tend to view bringing employees with different but complementary skill sets together as the most effective way of completing large or complex projects. If every individual piece of a task is assigned to a worker with an appropriate skill set, the finished product will likely reflect professionalism and expertise.
It seems like just yesterday that it was August and our team was gearing up for our first-ever ITEXPO content marketing workshop. The goal was simple: we kick off the four-day business technology and communications convention, hosted by our parent company TMC, with a series of content marketing seminars.
So we racked our brains trying to discern what topics would be most relevant for attendees at the biannual trade show. We searched for the latest market research to weave into our three presentations, and we started marketing these workshops like crazy to drive attendance.
And it worked.
Launching a new product or service is certainly the type of behemoth task likely to keep you up at night. Chances are you toss and turn, agonizing over the answers to questions such as: Do I know what it takes to launch a product effectively? Am I using the right vehicles? What if our latest offering fails? Unfortunately, your fears are warranted.
Did you know that 66 percent of new products fail within two years and that 96 percent of all innovations fail to return their cost of capital? Regrettably, if you dig deeper, you will most likely uncover more harrowing figures.
You don’t even need to consult the market research to know that launching a new product is cumbersome, complex and costly. Often a look around at the faces sitting at your boardroom table, or a quick scan of internal team emails reveal the frustration, anxiety and sheer chaos surrounding a new unveil.
But let’s just say you did want to consult the stats. Just how harrowing are they? Well let’s take a look:
- 66 percent of new products fail within two years
- 96 percent of all innovations fail to return their cost of capital
There’s no disputing the fact that you have a product launch on this year’s strategic roadmap. After all, the product market was predicted to reach nearly $221.3 billion by the end of 2013 and industry pundits expect it to surge to $284.6 billion by the end of 2018, according to the 2013 “Antiaging Products and Services: The Global Market” report. But just because your team meetings and budgets are centered upon expansion and great unveils does not mean your launch will be a walk in the park.
Just consider that fact that as many as 95 percent of new products that are introduced each year fail, according to Cincinnati research agency AcuPoll. So how do you break away from the majority and enjoy success this year? By keeping the following do’s and don’ts top of mind:
We’ve all been there—staring helplessly at the computer screen, resting your fingers limply on the keyboard and willing words to start magically appearing on the screen. It is writer’s block at its best and it is the evil of all evil for marketers. That’s because our job depends on our ability to put pen to paper, redefine originality and string together a series of nouns, verbs and adjectives in such a way that harmony is struck.
So what do you do when your brain starts to enter the “nothing box?” And, even worse, how do you avoid falling into a writer’s slump without noticing it? Let’s take a look at three tell tale signs that you might be slacking when it comes to your copy creation:
With a regular season record of 27-4—not to mention an undefeated streak of 25-0, despite a number of near upsets during that reign—there was no disputing what my husband and I (Syracuse alumni) would be doing at 6 pm this past Sunday night. Tuning into CBS to assess see how the Cuse’s recent spate of losses (don’t get me started on Friday night’s North Carolina State game) would affect Selection Sunday.
Sadly, our pitiful performance these past few games undoubtedly cost us a No. 1 seed. But since we will never stop bleeding Orange, bring it on Broncos.
A new study by Forrester Research shows that 67 percent of consumers use Web self-service knowledge to find answers to their questions. This information is very useful for those interested in getting involved with content marketing, which moves beyond the traditional ways that marketing has been used in the past, allowing businesses to create a wealth of great content that showcases not just what is new within their company, but what’s happening within their industry at large.
I can’t help but have a big smile on my face today. That is because no matter how old I get—or how many years it’s been since I actually asked Santa for a gift—this time of year is truly magical. From the whimsical window displays lining Fifth Avenue to the holiday-adorned cups at Starbucks to the flooding of Christmas carols on the radio, the weeks immediately following Thanksgiving right until New Year’s Day unquestionably bring out the inner five-year-old in all of us.