Recession What?!?--Top 100 US Advertisers

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Ad Age recently posted their top 100 Advertisers for 2010. The CPG companies are dominating the top 5 spots; P&G, Unilever and L'Oreal are one, two and three respectively. My former company General Motors comes in a #4 and my current company Sears Holdings comes in at 43.

Although I work in the Marketing world, it is crazy to see companies spending $8B on Advertising!!! Adding insult to injury GM, who filed for bankruptcy and laid off 200,000 employees, spent 3.27B globally on Advertising.



With all the money spent on Advertising yearly, it is strange that women and minorities are still underrepresented in overall marketing campaigns.

Anywhoo see the full list of companies here!

XOXO

Is Google buying Groupon?

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In "Deal of the Day" news...Google is rumored to be buying Groupon for $5-6 Billion!! WOWZA!!

I'm sure Google is interested in the increased advertising reach and the large customer base they would have with the acquisition of Groupon. If Google does buy Groupon how will they change the business model, or will they? Is Groupon being paid what they are truly worth or is $6 Billion too much?

One main  weakness of Groupon is their inability to scale. Since the consumer switching costs for Groupon are so incredibility low, customers can go to whatever deal website they please with no consequence. If Google comes up with a strategy to address this problem, then I think Groupon is a great buy!

Story developing!

Happy Monday!

AOL Has a Brand New Homepage!!

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Today AOL launched a super cute new Homepage that is very modern, sleek and clean. The new layout helps the company re-brand their online presence. Although AOL says the Homepage launch is a test and only certain users can see, I hope they go with this layout permanently!

Thoughts on the new Homepage?

7 Companies Effectively Marketing to African American Consumers

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This week I stumbled across an article on the Atlanta Post's website discussing Companies who are effectively marketing to African American consumers.  The companies mentioned all have very relevant products/campaign that appeal to Black consumers. (See below.)


McDonalds, MillerCoors and HP are companies who are also doing a great job at diversity marketing and potentially should have been on the list.


Seeing as though the buying power of the African American market is close to $1 Trillion this year, it is a shame that all companies don't make a conscious effort to include "us" in their marketing/communication plans. In my opinion, the lack of African Americans in Marketing Leadership positions contributes to the disparity in consumer marketing plans. Why do you think companies are ignoring opportunities to grow and expand their business?







Ford Motor Company: Throughout the company’s history, Ford has been a mainstay in the Black community. They are present at a number of events, such as the Essence Music Festival and BET Awards. Earlier this year, the company launched two advertising campaigns: the 2011 Ford Fiesta urban market initiative included a program called “Inspired by Color.” This called for people to show how their personal style embodied the colors and features of the new Fiesta. The second initiative is ALL IN, which features videos with key Black executives who played a pivotal role in the company’s revival. See more of Ford’s events and initiatives here.

American Airlines: American Airlines formed an agreement with “The Steve Harvey Morning Show” three years ago to advertise on the radio show and Harvey’s official web site. Recently, airlines launched a social media site dedicated to the ‘Black Traveler’ at blackatlas.com. They’ve also launched a virtual museum that explores the history of African-Americans in aviation from pre-civil rights to the present.

Proctor & Gamble: Realizing that Black woman spend three times more of their disposable income on beauty products, P&G jumped in and launched “My Black is Beautiful” three years ago. The MBIB marketing campaigned has evolved into a national discussion on how Black women define their beauty. Now, it includes a cable television show, a website, a Facebook page with more than 55,000 members, endorsements by African American celebrities and special events held in cities nationwide.

Home Depot: To appeal to African American female homeowners, Home Depot put a twist on ‘Girls’ Night Out’ this past summer. Instead of heading to the mall or the club, women could head to Home Depot to get how-to tips on home projects such as painting and applying tile. Earlier this year, the home improvement company offered a $150,000 grant program for on-campus improvement projects at Historically Black Colleges and Universities.

Verizon Communications: This history should work in Verizon’s favor since Blacks talk and text more than any other race. According to data from Nielsen, Blacks average more than 1,300 minutes a month texting and talking. Verizon is praised for its commitment to employee diversity, as proven by the many diversity lists they’ve landed on. According to the company, African Americans make up 20 percent of their workforce and nearly 24 percent of new hires. They’ve awarded more than $28 million in grants supporting programs and nonprofits that benefited Black communities through their philanthropic division, the Verizon Foundation.

Wells Fargo & Company: Though they’ve acquired Wachovia, which was deeply rooted in the Black community in the southeast, Wells Fargo has been determined to continue that relationship with African-Americans. A few months ago, Wells, known as the nation’s largest lender to small businesses, collaborated with the National Black MBA Association for the fourth year in a row to honor African American entrepreneurs.

Turner Broadcasting System, Inc.: Home to news network CNN and entertainment networks such as TBS, TNT, Cartoon Network and Adult Swim, Turner Broadcasting has been providing a block of programming that’s attracted African American viewers over the last few years. This includes, of course, Tyler Perry of “House of Payne” and “Meet the Browns;” Ice Cube of “Are We There Yet?” and Aaron McGruder of “The Boondocks.”


Thoughts?

5 Tips for using Facebook to Enhance your Brand

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Today Mashable (via Buddy Media) posted 5 great tips for brands looking to better position themselves online. A few of the features listed I'd already heard about while others are new. Hopefully you can find value in the tips too!
 
1. Facebook Photos
Facebook Photos are likely a much overlooked brand utility. In recent weeks, the social network has added a slew of photo enhancements that Page owners should become keen on.

Especially of note is the ability to upload hi-res photos up to 2048 pixels wide or high. In combination with the lightbox interface and the removal of pagination (all album photos appear on a single page), photos now really pop on the world’s largest social network.

For marketers and brands, these upgrades offer huge opportunity; you can now use Facebook’s magnified photo product to better engage brand fans. Take a look at Travelocity’s Facebook photos for a prime example of this strategy done right. The brand employs its iconic Roaming Gnome in photo spreads — that are then posted straight-away to Facebook — every chance it gets.


2. Online Focus Groups
Facebook recently introduced a New Groups feature for private, even secret, one-to-many communication channels. New Groups are like mini Facebooks — but with group chat and document uploading — which make them ripe for intelligent brands and marketers to employ to their advantage.

We’re not suggesting you run out and invite random Facebookers to join your group — that’s a terrible idea. But, we do see potential for several practical use cases, especially given that most social networkers call Facebook their online home.
Here’s a few that come to mind:
  1. Consumer Review Groups: Instead of hosting customer or product feedback sessions via your own tools, invite members to participate in private group sessions via the New Groups. It’s a win-win for both parties because participants will feel more at home in a familiar environment, which may make them more likely to participate and provide higher quality feedback. These groups won’t replace market research efforts (for bigger brands anyway), but they could help you glean insight in a much faster and more intimate fashion. 
  2. Event Groups: If you host networking events, conferences or seminars, consider letting participants know prior to, or following, the event that you’ve created a group for further discussion. 
  3. Live Chats: As noted above, New Groups feature group chat. Brands and marketers that maintain groups should consider inviting company figureheads to participate with customers and fans in live group chats. You could either schedule live chats or have a recognizable personality drop in unannounced.

          Any marketers or brands employing these strategies need to remember to respect the online boundaries of Facebook members. As such, we’d recommend not inviting customers to join a group without their express permission.

          3. Facebook Poll Options
          Facebook Questions is another new product from the social network that can be molded into the perfect tool for brands and marketers.

          The Q&A product lends itself to Page owners, who can respond to questions as their business (versus responding as an individual). Page administrators can also post questions directly to their Pages, with the activity also showing up in the News Feeds of your Facebook fans. Clearly, Questions can be a marketing tool for soliciting organized feedback in a way that also exposes the business to larger audiences, should fans post and share their answers.


          4. Facebook Places
          If your place of business has a physical store, then your job as a marketer is to improve foot traffic. Facebook Places is a potential digital tool for creating a tangible connection between your online profile and your offline venue.

          Your goal, by and large, should be to inspire in-store customers to share the “I was here” message with a place checkin that gets distributed to their Facebook friends and posted to your Place Page. You’ll want to start by claiming your Place Page — one is automatically created once a Facebook member checks in to a venue. You can then encourage checkins via in-store signage or special checkin-themed events.
          Loopt and SCVNGR also offer deep Facebook integration with the potential to loop location activity on those services back to your Place Page, as well as bring Facebook checkins to their apps’ audiences. You’ll certainly want to explore what these apps can do for your venue, but distribution and visibility are key here.

          Right now, there is a clear disconnect between Facebook Pages and Place Pages, but we suspect that the two entities will eventually merge into one single page. Once this happens, you’ll have even greater potential to turn fans into venue advocates and vice versa.


          5. Just "Like" It!
          “Likes” aren’t exactly new to Facebook, but they are becoming increasingly more important buttons to brands and marketers. The more you can encourage fans and would-be fans to “Like” your Page and updates, the more distribution you’ll get. Distribution is nothing to scoff at either, especially given a recent partnership between Bing and Facebook that surfaces Facebook “Likes” in search results.

          There are a number of creative ways to solicit “Likes,” one of them being the more passive approach of posting stellar content that inspires action. You can also integrate “Like” buttons into your website, should you wish to complete the circle between Facebook and your business site. This might be a wise move considering “Likes” are proving great at generating referral traffic.
          More aggressive “Like” tactics mixed with a little old school marketer know-how have been known to work as well.

          October is Breast Cancer Awareness Month!!!

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          OMG I can't believe I forgot to write a post about Breast Cancer Awareness Month!

          In case you didn't already know, October is Breast Cancer Awareness Month.  During this month I encourage you participate in the Making Strides Against Breast Cancer walk in your area, donate money to the organization or purchase "pink" products as a way to give back to the cause!

          Brands like Dannon, Sun Chips, Yoplait and Betty Crocker all have products in stores that support breast cancer research. No matter who you are; what race, nationality, culture or religion cancer does not discriminate!

          Ladies please make sure to visit your OBGYN for yearly breast exams and you can do  monthly self checks on your own! (Especially if you are over the age of 40) Early detection is the key to beating the disease.

          Breast Cancer Facts:
          • In 2009, an estimated 192,370 women in the United States were diagnosed with invasive breast cancer and about 40,600 
          • An estimated 19,540 new cases of breast cancer are expected to occur among African American women in 2009 
          • African American women have a five year survival rate of 77% after diagnosis as compared to 90% for white women 
          • Breast cancer is the second most common cause of cancer death among African American women, surpassed only by lung cancer
          XOXO

          Jay-Z and Microsoft Bing Partner for Social Media Campaign

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          Everyone that knows me knows I AM HUGE Jay-Z FAN!!

          He is seriously one of the best rappers, performers, business men and entertainers EVER. In lieu of his new book launch "Decoded" which will be in stores December 16th, Bing has decided to partner with him to promote their "Bing Maps" platform. Bing created a contest where fans can find/view pages from Jay Z's new book by logging onto www.bing.com/jayz. Each page is placed somewhere in 15 cities around the world and fans can find clues to where the pages are.

          Bing is using Facebook Connect to promote the contest on both Bing's and Jay-Z's Facebook page. With this program their objective is to obviously encourage the young urban demographic to use Bing Maps. I'm not sure if it will work but Jay-Z is a great person to be associated with.

          Bonus: Below is a Video (taken by me) from Jay-Z's concert last year at Eastern Michigan University.

          Enjoy!