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NEW MEDIA EDGE
Bookmark and Share   Subscribe to the New Media Edge RSS Feed December 17, 2008
Your Company is Going Under, and You Could Have Stopped It
 

As the markets fluctuate widely, the credit crisis continues and buyers begin to hunker down, you know you're going to be okay. You've got a great product that's both affordable and has the necessary return on investment to help your clients.

Your company is already beginning to hunker down. Bonuses are being suspended, hiring has stopped, and raises are frozen. Meetings at your company have now turned to controlling expenses and reducing any waste.

A month from now your marketing budget is under scrutiny. Every dollar spent must be documented and proven to have the return needed to maintain the company growth - or at minimum - reduce the risk of loss. The market continues to slide.

It's been a few months now. Your company begins an aggressive cost cutting strategy - advertising and marketing cuts will have an immediate impact on cashflow so they are high on the chopping block. It's time for tough decisions.

You're left scratching your head. Six months ago, your company was kicking butt. The creative and imaginative campaigns, though expensive, worked and your company grew at a rate higher than your main competitor. While you released one winning campaign after another, your competitor started blogging... your team joked about them at the company celebrations.

After all, blogging was what your kids were doing. The mainstream ridiculed blogging and tore it apart. Your marketing team dismissed it as a fad.

The marketing team you had to lay off.

Your ads are now gone and your staff is gone, and your boss is expecting results. You're out of ideas and out of money... and the lead generation funnel is dry.

Every time you search the net, you find your competitor in the top search results. The blogs they started and the posts they had written are everywhere. You find your competitor has built a following in the industry and has authority in your space. Every conference has one of their 'bloggers' speaking at it. You don't even get an invitation.

Looks like they're hiring... but they're asking for blogging experience. Bummer.


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Comments
Add Your Comments
Chris Baggott (Austin TX) on 17 Dec 2008 at 8:03 pm

Sometimes things seem to simple...it's sad but true...many organizations think that if something is inexpensive and easy it's not wothwhile. As a big agency friend told me once: "You don't understand Chris...my clients WANT to film commercials in Mexico". This silly Internet marketing just can't compete with the glamor of a set, models and actors and your peers seeing your stuff on TV.

This is why big companies are being out-marketed by the more nimble. Marketing Democracy is Independent of budget.

Great Post Doug.

bnpositive (Indianapolis) on 17 Dec 2008 at 7:45 pm

Perhaps the most plainly stated and accurate representation of the benefits of business blogging I've seen written to this point. Great job Mr. Karr.

Rob Wagoner (Noblesville, IN) on 17 Dec 2008 at 6:58 pm

Great thoughts.

Has anyone heard of a blogging company cutting staff, or closing their doors lately? How about newspapers?

Blogging is empowering for anyone who wishes to participate.

sheadbeck (phoenix) on 17 Dec 2008 at 6:44 pm

this is too true. i will pass this around in hopes of...

Graham C. Peck (IN) on 17 Dec 2008 at 6:41 pm

This is very true! It's amazing how many companies underestimate the power of blogging, especially with such a cost effective strategy. I am launching my blog very soon and look for it to be a large help to my new company. I do not want to be the company left in the dust!

As long as the topics are good and no secret material is being shared there is also no downside or loss to blogging. If it doesn't work you were out maybe a small investment and a controlled amount of time.

Great post!

Bryan Coe (PA) on 17 Dec 2008 at 2:17 pm

This is too true. Many companies fail to see the power of blogging. A well written blog that is actively updated and relevant to your company and industry, does a number of things:

- It produces fresh content for your site. (search engines love this)
- Brings traffic to your website.

- Creates material that others may want to link to.

- Establishes you/your company as an authority.

- It is a low cost way to get your word out.

There are many more reasons to blog, but that gives you an idea. What are you waiting for? Get blogging!

Bryan Coe

Blackbird e-Solutions
http://blackbirdesolutions.com/elife/

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Enter numbers Why? 

Douglas is the Vice President of Blogging Evangelism for Compendium Blogware in Indianapolis, a corporate blogging platform.  You can read The Marketing Technology Blog or Social Media Domination.  Douglas Karr has been in the Advertising and Marketing Technology space for over two decades.  The clients that he's worked with directly are an impressive and diverse collection of companies throughout North America, Europe, and Australia.
doug@douglaskarr.com

http://www.marketingtechblog.com

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