As I mentioned earlier in the week, media and advertising are all about demographics. Unless you have the targeting capabilities of a Facebook or Google, it’s almost always better to build your properties targeted at a specific group. For SheKnows it’s all about women. They are a Scottsdale, AZ based company that has built a “women’s lifestyle media platform” that “allows brands to distribute authentic content and integrated advertising at scale.” What kind of scale? 40 million unique visitors per month. That’s a lot.
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Most media businesses are about advertising, and most advertising is about demographics. That’s why a lot of media companies focus on owning a portfolio of properties that cater to similar demographics. For Radio One the focus is on targeting African-American and urban consumers. The company is headquartered in Lanham, MD, but they have stations and offices all across the country. If your music tastes are similar to mine, there’s a good chance that you are familiar with one of Radio One’s properties.
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It used to be that airlines were the only businesses that I could earn rewards with, but as many markets have become more competitive, companies from all kinds of industries have jumped on the bandwagon. While offering great products and services at reasonable prices should be enough to keep customers, many companies aren’t able to do that–so they offer rewards instead. The problem is that managing a rewards program has nothing to do with running most business. That’s where Destination Rewards steps in. They’re a Boca Raton, FL (and Plymouth, MI) based company that creates and manages “web-based customized rewards programs.” Destination Rewards does all of the heavy lifting, and their clients can just plug and play.
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In the world of marketing, it’s easy to get distracted from the end goal. Increasing sales. There are a number of commercials that repeatedly make me laugh, but I can’t name the brand of the advertiser even 5 seconds after the commercial airs. It’s easy to get caught up in the vanity of marketing, but the only thing that really matters is results. G2 is “a marketing communications agency created with one purpose: to help [its] clients sell more.” They have offices in New York, NY, San Francisco, CA, Chicago, IL, and Philadelphia, PA, and they “have serious experts in every communications channel delivering fresh, compelling work that creates greater awareness, consideration, sales and loyalty for our clients’ brands.” G2 is yet another company that has consolidated its entire website to a single page. It’s definitely a recent trend, and I kind of like it. It makes it easy to get a quick overview of the company.
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I have a favorite Yankees blog, and I occasionally participate in a Cornell Hockey forum. I follow a few athletes on Twitter, and sometimes get into sports debates on Facebook. I’d imagine that I’m a pretty typical sports fan in terms of my social media and web use–my attention is fragmented across a lot of different sites. LockerDome is a St. Louis, MO based startup that offers a social media platform to help “professional athletes, brands, media personalities, and other sports properties” reach their fans wherever they’re consuming content online. The idea is that LockerDome acts “as a social hub [for athletes and brands] to amplify their overall social media strategy.”
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Yesterday I got back from an amazing trip to Grand Teton and Yellowstone National Parks (for a friend’s wedding, I swear!). While I spent most of the time outside, I also spent a lot of time in the car driving from place to place or looking for wildlife (of course, we ran into the Grizzly bear while I was out of the car hiking). With all of the driving, we were lucky that the rental car was equipped with a SirusXM radio so Amy and I could reminisce by listening to 90s on 9. With the lack of billboards in the park and the satellite radio, I figured that I was out of the grip of Clear Channel Communications for at least a little bit. I was wrong. They even have stations on SiriusXM–Clear Channel, which is based in San Antonio, TX, is a media behemoth. If you’re in a car, and you’re not being reached by them, then you’re an exception. The company owns 850 radio stations and nearly 1 million outdoor advertising displays (think billboards). Unless your favorite radio station is NPR, there’s a very good chance that Clear Channel owns it.
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When I was a kid I used to think that my parents were crazy for not opening the envelopes that told them that they “might already be a winner.” How can you not love the idea of someone showing up to your front door with balloons and a giant check? For some reason young people and old people get most excited for sweepstakes. I always knew that Publishers Clearing House gave away money, but I never understood the Port Washington, NY based company’s business model. It’s actually pretty simple. They’re in the business of direct marketing with a focus on magazine subscriptions. They offer a sweepstakes where purchasing doesn’t help your odds of winning at all, and use it to get attention. Attention is the first step in selling, and it’s hard not to get some when you give away millions of dollars in such an extravagant fashion.
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The next car I get will definitely have some sort of iPhone integration. Right now I still rely on one of those tape to AUX thingies, which means that I usually just listen to the radio. I couldn’t find any good stats on the topic, but I have to think that listeners in cars are what’s keeping radio going. But according to Entercom, radio is still going strong. You would expect them to say that though, considering that they’re “one of the five largest radio broadcasting companies in the United States.” Entercom is headquartered in Bala Cynwyd, PA, but they operate more than “100 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City.”
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Although I only took one marketing class in college, I’ve really learned to love the field of marketing as I’ve built this business. There are so many different approaches, but the core of every valid one is having a great product. (I’m right in the thick of developing a new version of the site that you’re going to love.) Once you have a great product, there are a lot of different ways to spread the word. For the The Marketing Arm, a Dallas, TX based agency, the focus is on promotions. As they put it, they “help brands connect with those consumers by providing insight-driven ideas across nine emotional platforms: TV, film, music, gaming, celebrities, causes, multicultural, sports, and motorsports.” It’s all about creating an incentive to experience the brand, and then providing an exceptional experience when that happens.
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So far our survey says that you find the internship search frustrating. Tell us more so that we can help.
Back in June we told you about Birchbox, a company that offers a subscription to customized beauty product samples for $10 a month. It’s an interesting model, and it seems to be working out extremely well for them. BeachMint is a “social commerce” startup with a similar subscription model, but a very different approach. They’re a Santa Monica, CA based company with four brands: JewelMint.com, BeautyMint.com, StyleMint.com, and ShoeMint.com. I think you can guess what each offers a subscription to. When you sign up they give you a quiz to get a sense of what you like and what you don’t like, and then they start making new recommendations for you every month. It’s a little weird in that it’s structured like a subscription, but you don’t have to buy every month (but it sounds like it’s more of a monthly opt-out than opt-in). I kind of wish they stayed true to their name and would send me to a different beach every month.
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Today marks the beginning of the Lollapalooza festival in Chicago. Musical festivals definitely aren’t my thing, but it seems that everyone in the city is talking about Lolla. If you don’t know what Lollapalooza is, you can get the full story at Lollapalooza.com or on the Lollapalooza Wikipedia page. I was most interested in figuring out what company puts on the festival, because there’s a good chance that they might have some interesting job opportunities. It turns out that Lollapalooza is “presented” by C3 Presents, an Austin, TX based (I hear they also have locations in Los Angeles, CA and Chicago, IL) company that “creates, books, markets, and produces live experiences, concerts, events, and just about anything that makes people stand up and cheer.” They were formerly known as Capital Sports Entertainment, and in addition all of the live events that they do, they also offer artist/talent management services.
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Marketing is all about targeting. Marketers want to reach specific audiences, and media companies try to develop audiences that marketers want to reach. Typically, the more specific an audience is, the more valuable it is—at least as long as there’s something that you can sell to that audience. Alloy Media + Marketing, which is headquartered in New York City is a company that operates on both the marketing and media sides. They specialize in targeted youth media and promotional programs, and they operate a number of businesses in those areas. Youth marketing is a big deal—not only do young people spend a large portion of their income (even if it’s relatively small) on discretionary purchases, but they also are impressionable. If you can gain an 18 year old’s loyalty, you’ll have a long time to extract value from them as a customer. Alloy leverages “a diverse array of assets and services in interactive, display, direct mail, content production and educational programming” to build relationships with and market to teens and college students.
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Very few brands can truly claim that they have loyal customers. And if you think about the ones that can (Apple for example), they usually don’t offer “loyalty programs.” If someone is loyal because you constantly reward them, then it’s not really loyalty, right? But that’s ok! Loyalty programs are an extremely effective marketing technique, and results are what matter—regardless of whether customer loyalty is genuine or synthetic. Loyaltyworks is an Atlanta, GA based company that “creates and manages full-service incentive, loyalty and reward solutions” for other businesses. Because running these types of programs can be complex for companies who want to stay focused on their core business, there’s a lot of room for Loyaltyworks to offer a full suite of of incentive, loyalty, and reward solutions.
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Now that we’re entering the holiday season, it’s time for all kinds of promotions, sales, and contests. The holidays can be financially stressful for a lot of people, which is why so many companies offer promotions that try to ease that burden a little bit. Black Friday sales are probably the most visible way that retailers do this, but you also see plenty of interactive promotions this time of year. If one of your favorite brands is doing a holiday promotion, there’s a decent chance that ePrize is behind it. They’re a Detroit, MI based company that offers a wide range of solutions—from sweepstakes to collect & win to loyalty programs. I’ve run contests on this site before, and it’s not easy to do effectively—especially if you don’t have experience. ePrize brings more of a decade of experience to the table, so they can ensure that their clients get a serious return on all of the free stuff that they’re giving away.
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This morning I sent out the following tweet: “I entered the Bonobos/Tucker Blair Wardrobe Giveaway! for a chance to win 5 pants/5 belts/5 polos: http://wfi.re/1sy9s.” (By the way, you can follow me @willyf.)I usually get annoyed when I see tweets like that, but every person who enters through my link gives me another entry, and I want to win. I also wanted to take it as an opportunity to learn a little bit more about Wildfire Interactive. They are a Palo Alto, CA based company that has built an amazing web-based software platform to enable “interactive promotions for brand marketing.” For a very affordable price, you can use Wildfire to run sweepstakes, contests, give-aways, incentive-based surveys, and more. I’ve struggled putting together online contests in the past, and Wildfire is exactly the kind of app that would have made my life a lot easier. They’re like a self-service, web 2.0 Don Jagoda Associates (and they shouldn’t be confused with WeTheCitizens which renamed itself to Wildfire Platform).
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As a Yankees fan I am obliged to hate anything and everything related to the Red Sox—and even Boston sports in general. That’s why it pains me to cover NESN (New England Sports Network) today. They’re one of the most successful regional sports networks (RSNs) in the country ratings-wise (#1 for 6 straight years), and they do it in the 7th biggest media market. NESN is jointly owned by the Boston Red Sox and Boston Bruins, whom they cover along with the Celtics, Patriots, and plenty of local college teams. They were launched in 1984, which makes Watertown, MA based NESN one of the oldest RSNs in the country, and they now reach more than 4 million homes. I still don’t understand why anyone would want to watch Boston sports on tv.
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Sometimes I don’t completely get advertising. Take McDonald’s for example. How many people in the US have never heard of McDonald’s? Not many. So what’s the point in advertising? Maybe you can convince some more people to come in to buy off of the Dollar Menu or get more kids to beg their parents to buy them a happy meal, but it seems like McDonald’s would be just fine without any advertising at all. That’s something that the folks at Dallas’ Moroch will disagree with strongly because they are an ad agency that happens to do a lot of work with McDonald’s. And since Moroch’s About page says that they’re really all about helping their clients make more money (usually through advertising), I’m going to take a wager that all of the Mickey D’s advertising that you see has a significant effect on the bottom line. Beyond McDonald’s, Moroch also works with huge brands like Verizon, Walt Disney Pictures, Monster (yuck), and Make-A-Wish. That may sound cushy, but that means that there’s always a constant pressure to deliver spectacular results.
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Looking for an internship can be a lot like a sweepstakes. You send out hundreds of applications (entries), and assume that you’ll never get a response either way. Still, you hold out hope that you’ll win an all expenses paid trip to… an internship interview. It’s not a reassuring feeling, which is why you should change your approach (that’s what we teach you here). Just like there’s a group of people who have figured out the tricks to winning sweepstakes, there’s also a group of people who have figured out the tricks to landing awesome internships. Today, I’m hoping that you’ll figure out both by pursuing an internship with Don Jagoda Associates. They are a Melville, NY based marketing-services agency that specializes in areas that include: Promotion Development; Sweepstakes, Contests & Games; Online Services; Incentive & Loyalty Programs; Creative & Production; Fulfillment; Travel Services; Refunds & Rebates; Premiums; Tie-Ins & Strategic Alliances; Event Promotions; and Hispanic Promotions.
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