Marcom this week: From A to zinc – 2/4/11 edition

Despite Blizzard 2011 wreaking havoc on one in three Americans this week, the marketing industry managed to squeak in a few of its own headlines. Put aside the snow shovel and check out what you may have missed while digging out from the storm.

Print media on track to rise again?
The week was chock full of big announcements from leading print publishers. Just when we thought print was a dying media, it appears some pubs may be on their way back to the top. Leading the pack was People.com, which reached 1 billion page views in January, according to Omniture. This is a first for People, and for all magazine websites.

People wasn’t the only Time Inc. publication making waves this week. In fact, the publisher claimed four of the top five magazines most followed on Twitter. According to Folio, People, Time, InStyle and Women’s Wear Daily topped the list. Entertainment Weekly came in fifth.

Perhaps the most anticipated news came from News Corp., which announced its iPad-only newspaper, The Daily. As Rupert Murdoch, News Corp. chairman and CEO, said, “iPad demands that we rethink our craft.” Developed in partnership with Apple, the made-for-tablet pub will cost users $40 a year.

With advertising revenues decline, the Web is where publishers are hoping to cash in. However, billions of page views and highly followed Twitter handles don’t generate cash on their own. In addition, while The Daily may set the tone for the future of the news business model, we’re left wondering who its audience is. We applaud these media companies for their efforts, but hope their strategies are fully baked.




Gap names new CMO
Change is on the horizon for Gap, which ushered in a new CMO this week: Seth Farbman. No doubt the past few months have been rough for the retailer. As Vitamin IMC previously reported, Gap’s new logo was a major flop and the brand took a hit when its “Made in USA” charitable tote bags turned out to be a product of China.

With Farbman, who is currently worldwide managing director for Ogilvy & Mather, at the helm, Gap hopes to set itself on a course to better performance in North America. Ogilvy also is stepping in as Gap’s worldwide agency of record, replacing Laird & Partners. While the retailer denies these changes are a result of the logo fiasco, we find this hard to believe. Here’s to hoping 2011 brings the brand better luck than last year.

Love doesn’t conquer all, but money does
When offered a choice between great sex every week for five years and free chocolate every week for five years, U.S. women pick sex 73 percent of the time. Throw a one-lump sum of $1,000 into the mix, and the majority of women (91 percent) choose the cash over weekly chocolate. These findings from the latest Saatchi Wellness and Time Inc. annual tracking study shed light on a growing trend: the “Me-Covery.” That is, women increasing spending on beauty and health products and services.

This shift is evident in the growing percentage of women who are spending money on anti-aging products and salon services – both were up nearly 20 percent in 2010. It appears women are loosening their purse strings and putting aside recessionary spending habits, which should bode well for marketers of health and beauty products.

Marcom this week: From A to zinc is compiled by the Vitamin IMC editorial team. They can be reached at vitaminimc@gmail.com. Miss your vitamins last week? Visit the “Marcom this Week” from January 28.

The science of marketing: What makes IMC different

By Daniel Hindin

What is IMC and how is it different than traditional marketing? We Medill IMCers get this question a lot.

Part of what sets our graduate program apart is the diversity of knowledge we develop. By the time I graduate this December, I expect to have taken courses in five subject areas: Branding & Advertising Strategy, Media Management, Direct & Interactive Marketing, Marketing Analytics and Corporate Communications & Public Relations.

Though marketing is both an art and a science, I find that most people only think of the art, the right-brained side, the creative message. Marketing agencies have long had the reputation as a place where you hole up a bunch of creatives until they come up with the magic message that will get your product flying off the shelf.

It turns out there’s a lot more to it than that. Sure branding and corporate communications are important tools for any well-rounded marketer. That’s where the message is ultimately formed. But making decisions within those areas should be far more than the gut instinct that determines the fate of too many marketing budgets.

The science, the left-brained part of marketing, is what should drive any smart marketer’s decisions. This is where hard data comes into play. Who’s spending? When? On what? Do the profits from each customer exceed their costs? Yes? Well, these are the people to target with your messages. No? Then they’re just costing you money.

Once you know who your ideal customer is, you can take the data a step further and figure out what types of messages spur them to action and in what form those messages can be delivered most effectively. Through analytic tools such as multiple regression, cluster analysis and factor analysis, you can figure out what is likely to work and why.

Now you’re on your way to understanding how to deploy your creative team. Marketing will always be part art. But when you start to use data to form the basis of your art, that’s where science comes in. That’s how you get results. And that’s how you speak the language of the CFO and other budget decision-makers.

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Daniel Hindin is Managing Director of Vitamin IMC and a student in the Masters in Integrated Marketing Communication program at Northwestern University’s Medill School. He enjoys using as many different parts of his brain as possible. You can reach him at DanielHindin2010@u.northwestern.edu.