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3/25/2013 Mike Jacoby Executive Director Internal Marketing • Targets people inside the community • Keeps stakeholders informed, engaged and builds goodwill • Can create or maintain a positive community self image or vision for future • Spreads good news or counteracts bad news • Typical media venues: newsletters, columns, radio/tv shows, presentations & social media External Marketing • Targets business decision makers outside of the community • Typically much harder and more expensive to be successful • Typical media types: print ads, direct mail, special events, targeted sales calls, trade shows, telemarketing, e-newsletters, site selector visits, & product give aways. 1 3/25/2013 Marketing Process • • • • • • Define Community or Organizations Goals Assess Strengths & Weaknesses Assess Competitive Environment Develop Target Audience Based on Above Develop Compelling Messaging Determine Best Methods to Deliver Messages • Follow up and Manage relationships • Assess and adjust Target Marketing • Know your competitive advantages • Target according to your competitive advantages • Have compelling message tailored to your targets • Be distinctive • Consistency of message important Cost and Effectiveness • Personal interactions are typically the most expensive and effective (targeted sales calls & events). • Direct mailing of generic brochures and untargeted print advertising relatively inexpensive but often also ineffective. 2 3/25/2013 Examples 3 3/25/2013 Tracking Results 4 3/25/2013 5 3/25/2013 6 3/25/2013 What I have learned 1. Start with Internal Marketing First 2. On a limited budget, focus External Marketing on the deal facilitators • • • • • Commercial Brokers Jobs Ohio & Network Partners Utility reps Developers Bankers 3. Target your marketing 7 3/25/2013 What I have Learned (continued) 4. Partner Regionally if possible 5. It’s worth the money to hire pros 6. If you don’t target, be comfortable to part with dollars in the name of “awareness” 7. Good marketing can’t solve problems with business fundamentals. Thank You www.zmcport.com (740) 455-0742 8