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April 15, 2009

Annual Report Season

Filed under: Annual Reports, Economy — leasa @ 12:33 pm

What a crazy annual report season. All my clients this year saw their budgets slashed & a real need to tell their stories. So in an ongoing effort to help them I came up with three viable solutions using our GoGreen method.

First, move to an online report & consider Notice and Access (N&A). By switching to an online report and using N&A you can save a significant amount in printing fees. This policy literally saves trees; stops the release of pulp and paper pollutants into the environment; and saves on the amount of fossil fuels and water that is typically used in the printing and transport of annual reports. BioMed Realty and Extra Space Storage adopted N&A and they both created smart and compelling online reports this year. www.biomedrealty.com/08AR and www.extraspace.com/annualreport/2008

If you do not feel comfortable with an online report, try a hybrid approach. Although Leap Wireless took advantage of N&A they chose to print a small booklet to share their story & lead investors to an online report to receive more information. The booklet is “6 x 9” in size and is a 16-page self cover document. All 16-pages can be printed on a single recycled sheet through the press. This demonstrated Leap’s effort to provide a transparent and balanced account of the Company’s achievements while being environmentally conscious. They saved 7 full grown trees & 580 lbs in greenhouse gases ~ very cool! You can visit Leap’s website to view this hybrid approach. www.leapwireless.com/ar08

Finally, do less, not nothing. The form 10k for all intents and purposes is a dated and tedious document. By sending it out alone it can send the wrong signal, especially if it is in stark contrast to previous annual reports. I think it can sometimes imply a more distressing financial scenario than is appropriate. Make your annual report do more in fewer pages &/or simplify the design & printing. So many companies make their annual report look like a glossy brochure. Zions Bancorporation also implemented N&A, but did not design an online report because they felt strongly they needed to send out a printed report to answer some tough question the bank had been receiving and explain the move to N&A. The book is 8.5 x 11 ~ but by choosing a design concepts with little photography (just photography of Harris Simmons, the President & CEO), using fewer pages and by printing on FSC-certified recycled paper they were able to see a significant savings over last year’s budget. Also, in my humble opinion, I believe this simple, clean approach is more appropriate for the times. www.zionsbancorporation.com

I hope these ideas help. Feel free to share your tips on what your company did this year with their annual report and to save money.

In the weeks to come we will be speaking with some IRO’s who used N&A and moved their report online and get their thoughts about the process and how it is being received by investors.

April 4, 2009

How an Unconventional Advertising Campaign is Prompting America’s Seventh Largest City to Turn Off the Tap

Filed under: Energy and Natural Resources — guy @ 1:00 pm

Conservation Advertising Campaign results in 7% drop in water-use throughout San Diego County!

As the summer of ’08 was fast approaching, it was dangerously apparent that San Diego County (and for that matter, all of California) was facing record restrictions on the water supplies entering the county. Lower rainfall, conservation concerns, and a tightening of Colorado River allocations combined to push water resources to the breaking point. Action had to be taken. The San Diego Water County Authority turned to Mentus to create and implement a full mass media campaign to encourage the more than 1.5 million homeowners of San Diego County to conserve water during 2008 and beyond, with the ultimate intent of reducing water use by 56,000 acre feet by year end. With a total budget of roughly $1.8 million to reach such a mass audience, the agency needed to work smart if they were going to effect any significant change.

Utilizing television, radio, outdoor, print and online media, a three-phase campaign was developed. The campaign employed the message: “You never miss it until it’s gone!” accompanied by the tagline: “Water Save it or Lose it.”

Phase One was designed to compel the audiences to take the problem seriously. Phase Two demonstrated them what they could to do to make a difference through water-saving tips. And Phase Three would encourage them to continue their water-saving regimen for the long-term.

Phase One, which ran for one month, saturated the community with strong messaging on the fact that our water supply has already been cut, alerting the public to the severity of the problem. Phase Two overlapped phase one by one week and is running a series of “Tips” to educate people on how to cut back on water use.  These tip ads will rotate throughout the summer focusing on ways to cut back on outdoor water use.  (Example: “Use a broom instead of a hose…”) Phase Three will focus on sustaining the conservation efforts – “Keep up the good work.”

In executing the media strategy for the SDCWA, Mentus sought to go far beyond the purview of a typical media buy and create a truly integrated media vanguard where paid and non-paid media would be presented in a seamless, mutually supportive and powerfully resonating fashion. This unique approach to media strategy leverages the power media “influencers” within the community. To do so, Mentus “rallied the media troops” by compelling on-air personalities to completely subscribe to the SDCWA’s conservation mandate and evidence their support by perpetuating ongoing and ever-evolving “chatter.”

Result: Peak summer months experienced a significant drop in water-use of 7 percent, far outpacing the rest of the state. The campaign reached more than 1.5 million targeted homeowners throughout the county, and we were able to nearly double the SDCWA’s media outreach and resources by negotiating some 80 percent additional media frequency and PSAs at no additional cost to the campaign (worth some $800,000) — unheard of in a mass campaign of this size. The campaign has since become a benchmark by which other conservation and public resource campaigns are being measured.

April 3, 2009

Making Direct Mail Mouth-Watering Can Fatten the Bottom Line

Filed under: B2B Industrial — john @ 1:05 pm

Sweet Results

pearson_sweetSpokane, Washington’s Pearson Packaging Systems, founded in 1955, is one of the largest and most respected manufacturers of secondary packaging machinery in the United States. The company’s ongoing commitment to customers is to deliver the lowest Total Cost of Ownership and the highest levels of Overall Equipment Effectiveness in End-of-Line packaging systems. 

Pearson was eager to create an end of year “push” to close promising outstanding business. The company’s marketing director identified a range of customers with strong potential totaling 6,000. This included those who already had proposals in hand (200) and those who were longer lead prospects (5,800). In a challenging economy, potential customers seemed to be taking a “wait and see” approach to significant purchases. Pearson needed to encourage final decision-making before the end of 2008.

Mentus was tasked with garnering the attention of top tier prospects with a direct mail piece that was visually intriguing, offered significant savings, and was personalized to the target.

What the agency created was the “Sweet Deal” promotion. It involved a series of variable data postcards sent to highly targeted prospects. The personalized postcards stated that the company was “sweetening the deal” on their existing proposals. The card’s visuals included a mouth-watering piece of chocolate as well as packaging cardboard to remind the customers of Pearson Packaging’s product offering. Top tier prospects (the top 200) received the promotional card with a box of high-end chocolates. Others received the postcard only. Generic versions of the card were also created for distribution at a tradeshow. Additionally, a Spanish translation and a Flash animation was produced for the website, all reinforcing the “sweet deal” being offered.

The results exceeded the entire team’s expectations. For a nominal $15,000 in expenses – including postage and printing – the company reported $1.3 in sales. Of 11 significant deals closed during the limited time offer, receiving the chocolates and postcards influenced 8 of the deals or 73 percent.

So what the hell, do it.

Filed under: Economy — guy @ 10:25 am

Hard times are upon us and woe is us.

No shock here… Advertising sales are down, marketing expenditures are down, home sales are down, auto sales are down… everything is down. This is the new malaise that defines our time. God knows we need something: Iraq is going, George W is gone, and we need something new on which to focus our depression.

Not to be contrarian, but, I think we are in the best of times for a very simple reason.

Big things only happen in bad times, not good. In good times I find that I don’t change much nor does the world at large. When things are good, we all want them to continue, and would rather not shake the “happy boat.” A little complacency, a little fear, a lot of greed.

When things are not going so well, one can start to entertain much more radical, forbidden things. A new life without the things once considered indispensable. Without the comfort of a $5 latte, or high maintenance job or pet or wife.

The good news is that rough times can give a person an insight to larger values and the clarity to see a new path to profoundly new objectives. And a better life.

This is when the best reason is having nothing to lose, cause you lost it all already.

So what the hell, do it.