Tuesday, August 28, 2012

Forget Mad Men, Hire the Corleone Family

FORGET MAD MEN,


HIRE THE CORLEONE FAMILY


That's right. Who needs a mamby pamby bunch of whining ego maniacs like those at Sterling Cooper Draper & Pryce (SCD&P), on the TV show Mad Men. Are they really concerned about helping their clients, or are they more interested in satisfying their own desires? If I were choosing a group to handle my marketing, I would much prefer an organization with an understanding of how to be successful. I'm talking about the Corleone family run by Veto Corleone (The Godfather).


His style was to eliminate the competition and win over customers by "Making them an offer they can't refuse". Sometimes the offer came in the form of financial reward. Other times, it was offering the benefit of a strong and trustworthy partnerships. Perhaps this was even more of a benefit than financial reward. Corleone knew what he was selling and why people wanted it. In all cases, the Corleones used the tried and true strategies that brought success to all their endeavors.
From the very beginning, Corleone understood the power of BRANDING. He had the guts and the smarts to devise a plan to eliminate his most dangerous competitor, Don Fanucci. (The Black Hand of the controlling mafia).


Corleone built a Viral Marketing campaign by directing those who questioned his strength to ask about his reputation through word-of-mouth throughout the neighborhood.

In their own way, the Corleones understood the power of Public Relations, think about the way in which the Corleone family used the press to cover Michael's killing of Solozzo (the guy who tried to have Veto eliminated) and the corrupt police captain. This news story could have been the downfall of the family. PR was and can be an important ally to the family and any company, in order to offset a serious negative.


Later, in Godfather II, Corleone's son Michael tried to reflect his family's corporate stewardship initiative, another form of PR, by giving a significant endowment to a local public university.

The Corleone brand was built on specific attributes. Keeping their ethics high, by refusing to sell that "White Powder", never refusing a favor to a friend and always making money for his partners. This organization didn't take kindly to carousing or spending money wastefully. They spent their time understanding their customers' wants and needs and researching the competition. Luca Brasi, the family hit man, although a failed initiative, was sent to infiltrate the Tattaglia family. His assignment was to gather critical information to help the Corleones position themselves.


"Keep your friends close and
your enemies closer".


When the time was right, the organization focused on a Brand Extension by making a move to Vegas. Once again using a viral approach to business growth by getting Johnny Fontane to fill the casinos by utilizing his famous and popular celebrities friends. Sometimes celebrity endorsements work.

The most consequential difference between the Corleones and SCD&P boils down very simply to leadership. Corleone's leadership kept the brand consistent and directed, while motivating the entire family. When you look at SCD&P, there isn't a leadership focus with all those egos getting in the way of a singular focus, both for the company and their clients. In the search to create an excellent corporate machine, Corleone eliminated the loose cannons in the organization due to their own carelessness or at the behest of the Godfather.

Of course I wouldn't really want you and your agency to "go to the mattresses" and use criminal and gangster tactics. I do, however, like looking for the marketing strategy behind successful operations. It's fun to think through all the similarities between this great movie The Godfather and the power of Branding, Research, Social Media and PR.

Leave the gun, grab the cannoli.

Monday, August 6, 2012

You Don't Need a Bazooka To Kill a Fly

YOU DON'T NEED A BAZOOKA TO KILL A FLY
Hey Mr. or Ms. Real Estate Professional!
As the housing market begins to turn around in the Charlotte region, how does a realty firm like yours increase its marketing efforts effectively, yet affordably?
Effective marketing, when planned properly, can be affordable. Sure, today everyone is watching every expense. It is a mistake, however, to view marketing and advertising as an expense. IT'S AN INVESTMENT.
TARGET, TARGET, TARGET
The fact is, the right message at the right time to the right audience with the right offer will give you the marketing results you seek. This is precisely why we at Lippi & Co. favor direct marketing.
LET'S START WITH THE FACTS.
WHAT HAVE YOU GOT TO SELL? I'm not talking houses here; I'm talking about separating your services from the competition. You must think hard as to what it is that benefits your clients by working with you instead of someone else.
You'll need to be real creative to increase listings, inquiries and sales. Pick an area in which you are recognized as the expert. These areas may include, but not be limited to, urban, suburban, new homes, condos, short sales, etc. Once you establish that position, own it.
IT'S A BATTLE OUT THERE.
Just like in combat, you'll need a battle plan and strategy. Plan the actions necessary to reach your objectives. If you've done the research and your plan is solid, do not deviate from it. REMAIN CONSISTENT AND ON POINT IN ALL COMMUNICATIONS.
Next, develop the tactics. These should include
methods necessary to get your message to your target audience. If you can cluster your audience into groups, it will make it easier and more affordable to reach them frequently. Here is where Social Media allows you to cluster your audience and get them talking amongst themselves.
FREQUENCY IS KING
LET'S LURE THE AUDIENCE.
The tools you want to use are the ones that cost the least and put you in front of the lowest hanging fruit as often as possible - easy to reach and ready to be picked. By keeping your costs low you can do more. ONE AD WON'T DELIVER THE RESULTS YOU'RE LOOKING FOR. Not only should you maintain multiple impressions in a particular media outlet but utilize multiple forms of media. Not everyone is reading, watching or listening at the exact time your ad is running. Please, whatever type of advertising you do allow for a response mechanism which will give you feedback from your potential client and allow you to test your advertising effectiveness.
Add every inquiry and contact to a database. Your database should be built from potential customers, current customers, former customers and if possible, your competitors customers. I would suggest capturing email addresses from these groups, allowing for a less expensive form of communication via email. YOU'LL WANT TO STAY IN TOUCH WITH YOUR TARGET.
Not everyone you reach will be in the market for your services at the exact time they got your message. However, if you remain diligent and consistent, you will be remembered down the road.
AND NOW FOR THE KNITTY GRITTY.
Any ad placed can be easily missed by the flick of a page or change of channel. Your ad needs to be bold enough to command attention and focused enough to generate a response. Trends may come and go, but good advertising never goes out of style. The use of a timely delivered of message will get you the results you want. Capture the customer's interest and get them to buy. REMEMBER IT AIN'T CREATIVE UNLESS IT SELLS.