Posts Tagged ‘climate change’

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POWERSHIFT MARKETING THIS WEEK #3

February 4, 2019

THIS WEEK (FEB 4 TO FEB 8) Here are a few marketing tips and research thoughts for this week. As always, contact me if you have any questions or topics you would like me to cover.

SUPER COMMERCIALS?

Yesterday was Super Bowl Sunday. Kind of the Oscars for TV commercials. Although I personally thought the game was boring, I lost interest by half time, hard-core football fans probably loved it. Now comes the big questions. Did anyone remember the commercials? Is paying $5 million for a TV spot worth it? While I gathered up research of what ads scored the highest with consumers, what was your favorite? Please leave a comment on what commercials you liked.

ARE YOU PLANNING FOR THE RIGHT FUTURE?

I had an interesting discussion with the marketing head for a visitor attraction in Southern Oregon that saw their business drop 50% because of summer fires/smoke. Unfortunately, they were not alone. In fact, two straight summers of fires impacting visitor counts are forcing many to rethink their long-term business model. Why? Because it may not get better. Hot and dry summers with fires could be the new normal, according to Oregon State’s Oregon Climate Change Research Institute. They released their 2019 climate assessment report last week, and Philip Mote (co-author of the report) offered this pessimistic view of the region: “Southwest Oregon is sort of a ground zero for a lot of this with the many recent years with poor snowpack and fires and smoke.”

So, will you ever see the level of business that you had in the past? Tough question. But it is the kind of question you and your team need to be asking yourselves as we head into 2019. From the Oregon Shakespeare Festival looking at alternative venues for their outdoor theater, to local businesses looking to acquire businesses outside the area for growth, to realtors seeing fewer people willing to move into the area, this is the time for serious long-range planning. If you haven’t done a SWOT analysis, you should. If you need help in using this proven planning tool, conducting market research, or help in running a long-range planning session, give us a call. We can help. Time is running out.

WHAT GENERATION OWES $86 BILLION IN STUDENT DEBT?

Surprise, it’s people 60 years and older. Older Americans are being crushed by a mountain of student loans—their children’s and their own. Many of these seniors took out loans to help pay for their children’s college tuition and are still paying them off. Others took out student loans for themselves in the wake of the 2008 recession, as they went back to school to boost their own employment prospects.

On average, student loan borrowers in their 60s owed $33,800 in 2017, up 44% from 2010, according to data compiled for The Wall Street Journal by credit-reporting firm TransUnion. Total student loan debt rose 161% for people aged 60 and older from 2010 to 2017—the biggest increase for any age group, according to the latest data available from TransUnion.

GATHERING DATA IS ONLY THE FIRST STEP

As a marketer, one of your main priorities is getting to know your customers and building relationships with them. As reported by Thinking with Google, this may look easy. Customers in a digital world generate rivers of data. But making sense of the data isn’t always the easiest thing in the world. Sometimes there’s just too much of it. Filtering out the noise to find what matters can be a challenge. Other times, it’s hard to connect the dots. To discover the right insights, it takes quality data analysis. That is why clients turn to us. Using the analytic skills of our VP/Director of Research Dr. Nicholas Lougee, our team can help you review your data and find the marketing insights that you need for growth. Let’s talk.

PREDICTIONS ARE TOUGH

So much for one of my 2019 predictions that Facebook may see a decline in growth. Well, they ended 2018 full of controversy and unflattering stories, but they reported 9% more monthly active users worldwide than a year earlier and 1% more in the U.S. and Canada. So, there is no evidence of mass defections. But it does show that Facebook growth is now being powered by worldwide use. And if marketers were going to delete Facebook, they weren’t going to do it before consumers did. Revenue growth slowed in the 4th Quarter, but ad growth was still 30% higher.

NEW SERVICE

Just another pitch for my new proofing and editing service. Check it out here.