Thursday, August 2, 2007

Is a Super Bowl Ad Really Worth the Cost?

The Best Business Advice You Can Ever Get
CanadianMedsWorld.com

One Super Bowl ad runs $2.6 million. Is it a good investment? What else might an advertiser do with that kind of cash? Do the people’s favorite ads even get the best results?

Super Bowl ads have, for years, been little more than a beauty contest for advertising agencies. When a company selects an agency's ad to represent it during the Super Bowl, it’s sort of like choosing a girl to represent a state in the Miss America pageant. Super Bowl ads are an iconic, cultural phenomenon that makes very little sense; essentially, they're the advertising equivalent of bathing-suit-clad girls with big eyes and high heels talking about their dreams of world peace.

Over a year, the price of one Super Bowl ad could provide your company exposure to 50 percent of the population of Southern California. It would buy you enough radio repetition for the average listener to hear your ad four times a week, 52 weeks a year throughout Los Angeles, San Diego, Orange County and the Inland Empire (Riverside and San Bernardino). Altogether, $2.6 million could buy you several thousand ads, which would reach a total of nearly 15 million people.

Paying $2.6 million for an ad to air during the Super Bowl might possibly be the dumbest thing you could do with $2.6 million. Or the smartest. It all depends on what you communicate in the ad.

The Dumbest Super Bowl Ad of 2007: FedEx Ground
Although this was one of the more clever and entertaining ads this season, it'll also prove to be counterproductive. Remember the ad? A bunch of people are sitting in a conference room …

MANAGER: FedEx saved us with their overnight service, so we’ve added FedEx Ground for everyday shipping.

JOEL: Ground? That doesn’t sound fast.

RELAXED GUY LEISURELY HOLDING COFFEE: Actually, Joel, FedEx Ground is faster than you think.

MANAGER: We can’t judge things by their name. Don’t you agree, Harry?

EXTREMELY HAIRY GUY: Absolutely.

MANAGER: Eileen?

GIRL LEANING HARD ON HARRY: Of course.

MANAGER: Joy?

JOY: (Gives an effervescent giggle with a beaming smile)

MANAGER: Bob?

BOB: (Bobs his head up and down in an extreme fashion)

GUY WITH HUGE DOUBLE CHIN: You see, Joel, we all agree that FedEx Ground is fast, despite the name “Ground.”

MANAGER: Well said, Mr. Turkeyneck.

The ad ends with the FedEx logo revolving quickly to reveal four variations--FedEx Ground, FedEx Express, FedEx Kinko’s and FedEx Freight--while an off-camera announcer says, "FedEx Ground. Fast. Reliable. And for less than you think."

Here are the major problems with the ad:

  1. The ad clearly illustrates that Joel was right; you can judge things by their name.
  2. The people arguing that FedEx Ground is fast “despite the name” appear bizarre and ridiculous. Joel is the only normal person in the room. We identify with Joel, not with the others.
  3. “For less than you think” is ambiguous ad-speak. Specifics are always more powerful than generalities. “For as little as $2 a package” is specific. And far more impressive.
  4. The ending of the ad is soft and unfocused. We’re not yet convinced that FedEx Ground is a worthy alternative to UPS, and it seems that FedEx isn't completely convinced either. In the end, the company wants to be sure that we realize there are at least three other FedEx options: FedEx Express, FedEx Kinkos and FedEx Freight.

The Smartest Super Bowl Ad of 2007: Two Lions for Taco Bell
Remember the ad? A pair of lions are looking at a group of campers in the distance eating lunch while on safari. The lions smell the new steak taquito from Taco Bell. The rest of the ad is one lion trying to teach the other how to pronounce “carne asada,” the type of steak used in the taquito.

Here’s what makes the ad work:

  1. A lion is king of the jungle; its opinion is respected.
  2. Lions are meat-eaters, absolute carnivores.
  3. Viewers learn how to pronounce a strangely spelled word--carne asada--thereby increasing their comfort level when ordering the item at Taco Bell.
  4. The ad ends with a mouthwatering close-up of freshly grilled carne asada steak as it's being sliced. You definitely want to taste it.
  5. The ad is focused on one thing: the carne asada steak taquito. Taco Bell’s agency had the wisdom not to include any images or descriptions of other Taco Bell products.

TV is an impact medium. But there will be no impact if the viewer isn’t paying attention or if your ad's message is unfocused. The Super Bowl is the one event each year that guarantees viewers will be paying attention. We tune in as much for the ads as for the game.

Are your ads entertaining but counterproductive, like the FedEx ad? Or are they entertaining, focused and convincing like the Taco Bell ad?

Follow the lead of FedEx Ground if your goal is to entertain America. But if you want to sell product, I suggest you study Taco Bell's script.


Roy Williams is Entrepreneur.com's "Advertising" columnist and the founder and president of international ad agency Wizard of Ads. Roy is also the author of numerous books on improving your advertising efforts, including The Wizard of Ads and Secret Formulas of the Wizard of Ads.


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Landing Media Placement for Your Product

How to Deduct a Home Office
CanadianMedsWorld.com

So you’re in the movie theatre or watching a sitcom on TV, and you’re thinking, “How’d this two-bit joke get into the script? They must have known somebody. Why couldn’t the audience be cheering for me?”

No, you’re not begrudging Will Smith, Julia Roberts or Jim Belushi their slice of fame. You’re wondering how Daniel Craig wound up wearing an Omega watch instead of the brand your company manufactures. You’re wondering how much dough Wonder Bread had to cough up to be the sponsor of the car Will Ferrell drives in Talladega Nights.

As long-time consumers, we're a savvy bunch. The term "product placement" is old news to us. And we know it wasn't a screenwriter or director who insisted those products appear in their films--Omega and Wonder Bread paid big bucks to get their brands into the movies.

But anyone who watches a fair amount of TV or goes to the movies has also probably noticed it’s not just the Miller Lites and American Airlines of the world that are getting their 15 minutes of fame. Every once in awhile, an average Joe-type of product will be given prominent placement. And if you’re a serious and ambitious entrepreneur, you couldn't help but think, “They’re not a major conglomerate. How'd they do that?”

Or more important: “How can I do that?”

Product placement is almost no different than being an unknown actor trying to make it into the movies or TV. And that’s both good news and bad. Because if you aren’t a company with an unlimited marketing budget, getting your product seen on TV or in the movies isn’t easy. But on the other hand, if you’re willing to pay your dues--and if you have some pluck and a little luck--your product, too, can be a star.

The encouraging thing to remember is that Hollywood wants your business, and getting your foot in the door doesn’t always mean paying a huge fee to get it there, says Joey Carson, CEO of Bunim/Murray Productions, which produces numerous reality TV series including MTV’s The Real World and Road Rules and FOX’s The Simple Life.

“It’s such an important part of what goes on in television,” says Carson. “Nowadays, you’re either going to have a person in your company who works solely on business development or, at the very least, a big part of a person's job will be focusing on product placement and trade-outs.”

For those not familiar with the term, trade-outs is a form of product placement in which an entrepreneur pays nothing to get their product in a show or movie--except for what it costs to provide the product or service for free. That’s how it worked out for sisters Tag and Catherine Goulet, who own FabJob, a publishing house specializing in career guidance books.

A Bewitching Product
It was June, 2004, when the set decorating coordinator for the movie, Bewitched, called FabJob. He told Tag that Nicole Kidman, who was playing the witchy Samantha Stephens, would be looking for a new career in the movie, so she'd be looking at career-oriented books at a bookstore and he wanted some of theirs.

The set decorating coordinator had found the FabJob website and was impressed by their operation, but the film's director, Nora Ephron, looked at the website while Tag was on that first phone call and wasn't as impressed. Tag understood. The site featured plain e-book images, rather than their actual printed books. In two days, she quickly put together with sample print books and even had her art designer create a fake book, titled FabJob Guide to Becoming a Witch or Warlock.

Almost two months went by without a word before Tag got an e-mail from a new set decorator, saying they not only wanted to use the books--three copies of each--but that they also needed large cardboard book displays. And they needed it all in a week.

Fortunately, Tag was able to jump through the appropriate hoops and provide Bewitched with the necessary props they wanted for close to $1,000. And although the FabJob books aren't featured very prominently in the film--appearing so quickly that Tag admits, “It’s unlikely people would notice them if they weren’t looking for them.”--there’s no question that the time and effort put into the product placement was worth it.

“The benefit to us hasn't been the fact that people can see our books in a movie,” says Tag, who notes that they received quite a bit of local media coverage, including a feature story in the Calgary Herald. “The benefit is that we can say our books have been featured in a movie starring Will Ferrell and Nicole Kidman, which is great for credibility.”

Jumping Through More Hoops
Tom Berton agrees. “The fact that you’ve been on the show is actually more important than the actual media and show. The publicity you get from that gives your business credibility," Berton says, "and from that point on, you can be relentless with it.”

Berton owns Shearwater Sailing, a tour boat business. In December 2005, his business received several minutes of exposure on The Apprentice when, as a reward, Donald Trump sent two contestants on a boat ride around Manhattan on the Shearwater, a 1920s-era yacht owned by Berton.

He isn't quite sure how The Apprentice learned about his business. He'd sent out packets of information to The Apprentice series, but those who called him seemed to know nothing about that. Regardless, Berton wasn’t about to let the opportunity slip away from him once the series came to him.

“I signed the most Draconian contract I’ve ever signed in my life,” says Berton, explaining that he was sworn to secrecy to not tell anyone about his company's involvement with The Apprentice until the episode aired.

“They can own your business if you ruin their ratings by gossiping to tabloids,” says Berton, explaining that the series understandably considered the scene of the contestants on the boat as proprietary information. “If word leaked out from anyone related to Shearwater, it was understood they'd have immeasurable damage and that we would be fully liable for it,” says Berton. “Basically, I was pledging my assets of the company to them.”

But he’s not complaining. And he's using the experience to his advantage. He prominently mentions his boat’s appearance on The Apprentice on his website, www.shearwatersailing.com. And when he talks about the experience to people, the reply is often, “That was your boat? That was amazing.” Although Shearwater had a certain cache to it, anyway--it is a luxury yacht--having Donald Trump’s name associated with it arguably increased it tenfold.

Landing a Gig
Of course, you don’t have to wait for Hollywood to come to you to get your company name in lights. Producers like Carson encourage entrepreneurs to approach them. “We do a lot of deals with small companies,” says Carson, who thinks there’s something special about working with the underdog entrepreneurs. “I’m just a fan of business in general, and I have a lot of respect for entrepreneurs. You’re taking the risk, and the odds aren’t on your side as a business owner. I’m always happy if there’s any way I can give encouragement to a business by working out a trade-off or product placement deal.”

That said, Carson--or any other producer--isn’t just going to work something out because he likes the entrepreneur, and there is a definite way of going about the art of product placement. For instance, once you learn the name of the production company that produces a show (which you can get by watching the credits if you somehow can’t find it on the internet), don’t call them ask to speak to the producer or someone in business development. You’re just going to put them on the spot and encourage a “no, thanks.”

Instead, send your pitch in writing. And when you do, pitch your product, not a scenario of how you think the series or movie should use your product. “That’s a turn-off,” admits Carson. “The best way to approach it is to present an overview of your company in general, and whatever product line you have, and then just maybe say, ‘We welcome the opportunity of how our product might be a part of your show,’ and leave it at that. On our side, we’ll know if it’s a fit or not.”

While the bigger players—the ones who can afford to spend big bucks to get their products placed in TV shows or movies--generally use an agency that specializes in product placement, like Norm Marshall & Associates, an international company headquartered in Los Angeles, you don't need to do that to land a gig. You can spend just a few thousand dollars and approach someone like Betsy Green, CEO of Media Matchmaker [www.mediamatchmaker.com], a service that hooks up entrepreneurs with producers in the name of getting product placement deals worked out.

When it comes to placement, Green agrees with Carson. “Every producer has a filtering system, and they’ll only use your product if they deem it appropriate," says Green. "You really have to sell your product to the producer, and even then, there are no guarantees. Someone else in the production entity may say the packaging isn’t good enough or the product stinks. Or the star may say they don’t want it.”

In the end, it all comes down to putting on a good show. “It is a creative process,” says Carson. “It’s almost more of a gut-level decision that’s made, because these are creative people at work. But the one main guiding principle is that the product needs to be organic with the show. It can’t detract from the show in any way. One, we don’t want our shows to look like a television commercial, and that leads in to the second rule, which is to protect the show. I think if you do something over-the-top, where a character is holding up a product, practically modeling it as if he’s on The Price is Right, that’s not good for us--or your brand.”

Your Product Placement Primer
Inspired to try to get your product or service some free publicity? Here are a few quick steps you can follow that just may get your product or service a supporting role in a movie or television show:

1. Put on your brainstorming cap. What type of show or movie would you like to see your business in? When attempting to reach your target market, you really need to think about the types of programming they're most likely to watch. If you’re marketing lipstick to teenagers, for instance, approaching teen-oriented sitcoms would be smart. If your product is aimed at stay-at-home moms, you might want to consider everything from soap operas to daytime talk shows.

If you don’t care about reaching the audience as much as building credibility among the general public, then think about the characters on the programs who might conceivably use your business or service. The important thing is to stay away from thinking about your own personal favorite programs and instead think about what’s a good fit for your product. Put yourself in the shoes of the producer or business development person. If you can honestly envision your product being a help to their show, then that show is probably one you should approach.

2. Once you have your list, start looking for contacts. There are a few ways to get the information you need. If it's a TV show you're interested in, try searching the end credits of the show to find out who the show's producer is. A little internet searching should turn up the production company's contact information. Or you can go directly to the search engines to find the show's site where you'll find the name and possibly the contact information for the production company. If it's not there, try searching directly for the website of the productions and start trolling for the appropriate name of someone who might want to see your media kit. One piece of advice: Be sure to approach several production companies--like cold calling, product placement success is a numbers game.

If it's movies you've got your heart set on, read the current editions of such trade magazines as Variety (www.variety.com) or Hollywood Reporter (www.hollywoodreporter.com). Most issues include listings of the production companies currently working on projects, where you can at least get phone numbers and addresses, if not key names. You can also search the trade publications--or the internet--to see what movies are currently in production or will begin soon. Both Variety and Hollywood Reporter offer a lot of invaluable information online for free; in some cases though, particularly with Hollywood Reporter, you may have to subscribe to get the information. Or you could try an old-fashioned but reliable approach and check out the publications at your local library.

3. Send a media kit. Once you've located contact information for the companies you'd like to contact, mail them a media kit that includes a cover letter, photos and descriptions of your product or service and contact information so they can reach you if they're interested. Do not call anyone, unless it’s a receptionist to get the name of someone to send a letter to.

4. Don’t oversell. Producers will either like what they see--or not. You aren’t going to talk them into anything.

5. Be careful about suggesting a scene that the producers might use your product in. For instance, a good way to go about it might be “Since our doughnut shop is based in Chicago and ER is set in the same city, please keep us in mind…” Suggesting that Luka or Abby might want to share breakfast over doughnuts is also probably safe, but even that may be more details than the producers would care to hear. Deciding how to use your product is their business; bringing your product to their attention, in a low-key and professional way, is yours.

Geoff Williams is a freelance writer in Loveland, Ohio.


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Sewing success

Long Copy, Long Copy, Long Copy
CanadianMedsWorld.com

In this bleak economy, here's an option that allows you to work at home and do something you love. If you have sewing expertise, a cooperative family, a space for equipment, and a large dose of self-discipline, consider sewing for profit!

Marianne Balogh, 48, of Troy has enjoyed her home-based business for the past 18 years. She offers custom work and alterations, and began teaching classes.

What motivated you to get started in this field?

When my children were young, I wanted to stay home with them, but make some money to supplement my husband's income.

What were your qualifications?

I had a background in sewing, from middle school on. I learned about fitting and tailoring, and continued taking classes to update and perfect techniques. I also felt I could work with people, and count on repeat business.

What other traits are necessary?

Besides skills, one needs to be motivated, to learn to avoid distractions, to have a realistic sense of time and energy to devote to the business (especially in meeting deadlines), and some start-up money (but less than most other kinds of work).

Is that because space and equipment are minimal?

You do need space to dedicate to the sewing, where projects can be left out. The biggest expense is a good quality sewing machine which can be a few thousand dollars (or use the one you already have if it's in good condition). You also need a serger (for professional finishing,) pressing equipment, work tables and supplies. Be sure you have good lighting, too.

Can you really make enough money to justify the hard work and time?

Everyone has different goals and ambitions and strengths. Sewing couture bridal or custom home dec, for example, would bring in more than alterations, for which you charge less but do a higher volume. My advice is to choose whatever specialty you love and are good at. You may have to test the waters at first, and evolve as your reputation grows.

How do you get started establishing and growing your business?

I chose the name Style by Marianne and had cards printed. To get the word out, I gave them to neighbors, church members, kids' friends, etc. I let the public know I had a service to offer, and gradually my business grew by word of mouth.

What about pricing and paperwork?

Call local shops for an idea of their charges. I have price lists for various alterations, and try to pay myself about $20 per hour for the custom work. I give job estimates, maintaining a quality image but staying fair to the client. Place realistic values on your time and skills. The record keeping is my least favorite part of the job, but it's important to keep all receipts, have a separate bank account and credit card for business, and pay income taxes.

"In general," Marianne says, "what goes around, comes around, and if you are truthful, fair, and talented in your work, you can make it succeed." Reach her at mbalogh@wideopenwest.com.


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Higher Price Or Lower Price?

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CanadianMedsWorld.com

Dear FSB: I own one of the largest electrical companies in the state. Our uniformed workers respond to customers' homes within one hour of each call, with guaranteed service 24 hours a day. As a result our overhead is about 40% more than our competitors', and our prices are higher. How can we offer top-notch service and still stay profitable? - Bill Augustynski, Owner, August Electric Dudley, Mass. 

Dear Bill: "Make sure there's a market for deluxe services in your area," cautions Michael Simonetto, who heads the pricing and profitability practice of Deloitte (deloitte.com) in Atlanta. Simonetto, who spent 15 years in construction before becoming a consultant, urges you to take a closer look at your costs. "A 40% premium is too high and indicates you've got some inefficiencies. Even for premium service, your costs should be at most 25% higher."

To decide what to trim, Simonetto suggests you try to figure out which customers want extra service and what they need. "You're probably assuming that everyone cares about stuff that isn't important to some of them," he says. Keeping your entire staff in uniform is expensive, he notes, and not always worth it. "Someone home alone may be reassured by the uniform, but at a construction site, customers don't care if your people wear tobacco-stained overalls as long as they show up" - and do good work.

Likewise, he says, "it's very costly to offer one-hour service, and it's usually not necessary." Here again, you could segment the market: Have one basic, relatively low fee for routine service calls, plus one surcharge for speedier service and another for late-night calls.

For a clearer picture of what customers want, Simonetto suggests you contact the marketing department at a local college and see if a professor might be interested in assigning students to perform market research that uses a customer questionnaire with an either/or format. This type of study will allow you to ask key questions such as "Would you rather have a uniformed electrician or a lower price?"

Look for revenue boosters that could offset the cost of the extras that you provide, Simonetto adds. Training your repair team to sell annual-service contracts on each call could make these trips far more profitable, he notes.

[Via - FSB


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