Design your digital promotions with the newest digital media content, including digital music, digital download promotions and ringtones of your customers' favorite artists. Hip Digital Media, the leading digital promotions firm, joined forces with Promotional Currency, specializing in promotions including promotional risk coverage to prevent over redemption on promotions. These two digital music powerhouses joined forces to merge digital content, with entertainment licensing, and proprietary risk coverage models, to deliver turnkey, fixed cost solutions for the promotional marketplace.
Showing posts with label ringtones. Show all posts
Showing posts with label ringtones. Show all posts
Thursday, September 30, 2010
Tuesday, April 6, 2010
A Mobile Promotion Without Promotional Risk
A Mobile promotion is an excellent way to reach today's Generation Y customers through modern technology. A recent report — that any mobile promotion professional should read — showed that global data traffic exceeded an exabyte of data in 2009. That's 1 billion GB.
All told, there are 4.6 billion mobile phone users around the world, with a penetration rate of 68 percent. This is why mobile promotion strategies are so important in today's marketing world. In fact, mobile promotions may be one of the best marketing tools to come along in decades.
A mobile promotion doesn't require the traditional process and costs we've become accustomed to paying. No shipping, no packaging, no worrying about what to do with thousands of leftover tchotchkes.
That's because a mobile promotion is digital. Now, instead of giving out swag, you can give customers music downloads, movie promotions, special ringtones, and mobile games. Now, rather than sending out direct mail to people who might not be ideal customers, you can send out SMS messages to existing customers and people who sign up for your text club — people who want to hear from you. Everything is happening virtually, which means you don't have to worry about storage space
Of course, before you go planning your next campaign, make sure you include promotional risk coverage in your budget.
Promotional risk coverage is basically promotional insurance that makes sure you don't overextend your marketing budget or get yourself into a lot of trouble.
Let's say you wanted to run a contest where someone could win $100,000. The odds of someone winning are pretty remote, but what would you do if someone did win, and you didn't have $100,000? That's where promotional risk coverage saves your bacon.
Promotional risk coverage is also helpful to mobile promotion campaigns. It protects your campaign from over redemption on special gifts and downloads.
Let's say you've arranged with a music label to offer 5,000 downloads of their artists' songs as part of your mobile promotion campaign. But the stars align for you, the promotion takes off, and you end up with 15,000 downloads.
In the first week. And you've got four more weeks to go.
Most people would shut down their campaign right there, desperately hoping to cut their losses. That's where promotional risk can save you. Since it insures against instances like this, you're covered. The music label will still get paid, you can allow the mobile promotion to go on, and you gain more customers than you ever imagined.
We saw this happen in 2009, when Indianapolis-based Marsh Supermarkets ran a coupon promotion on Facebook, where they gave a $10 coupon for any purchase of more than $10... including $10.01.
They had 2,200 fans on Facebook, so the promotion should have cost $22,000. But 45,000 people redeemed the coupon. Marsh canceled the promotion, which angered a lot of their customers, and they took a big hit in the media.
But the biggest hit was the $450,000 in over redemption of the coupons — $428,000 more than they had expected. While they did generate a lot of resentment on the part of their customers, that was minor compared to what they could have lost if they hadn't shut off the promotion.
While it wasn't strictly a mobile promotion, it was a great example of why someone needs promotional risk coverage. Imagine if the same thing happened to your mobile promotion campaign. What would you do if customers were passing the free download codes to their friends? Would you cancel the campaign? Would you risk the backlash from your loyal customers who didn't get a chance to redeem their songs, just because a few people ruined it for the rest of them?
So is it a matter of people being irresponsible and greedy? Or did a mobile promotion succeed beyond our wildest expectations, and we didn't plan accordingly? While we like to think it's the latter, it's still hard to plan accordingly. No matter how wild our expectations are, we can't always see every possibility. That's where promotional risk coverage would have saved our mobile promotion campaign. And our bacon.
All told, there are 4.6 billion mobile phone users around the world, with a penetration rate of 68 percent. This is why mobile promotion strategies are so important in today's marketing world. In fact, mobile promotions may be one of the best marketing tools to come along in decades.
A mobile promotion doesn't require the traditional process and costs we've become accustomed to paying. No shipping, no packaging, no worrying about what to do with thousands of leftover tchotchkes.
That's because a mobile promotion is digital. Now, instead of giving out swag, you can give customers music downloads, movie promotions, special ringtones, and mobile games. Now, rather than sending out direct mail to people who might not be ideal customers, you can send out SMS messages to existing customers and people who sign up for your text club — people who want to hear from you. Everything is happening virtually, which means you don't have to worry about storage space
Of course, before you go planning your next campaign, make sure you include promotional risk coverage in your budget.
Promotional risk coverage is basically promotional insurance that makes sure you don't overextend your marketing budget or get yourself into a lot of trouble.
Let's say you wanted to run a contest where someone could win $100,000. The odds of someone winning are pretty remote, but what would you do if someone did win, and you didn't have $100,000? That's where promotional risk coverage saves your bacon.
Promotional risk coverage is also helpful to mobile promotion campaigns. It protects your campaign from over redemption on special gifts and downloads.
Let's say you've arranged with a music label to offer 5,000 downloads of their artists' songs as part of your mobile promotion campaign. But the stars align for you, the promotion takes off, and you end up with 15,000 downloads.
In the first week. And you've got four more weeks to go.
Most people would shut down their campaign right there, desperately hoping to cut their losses. That's where promotional risk can save you. Since it insures against instances like this, you're covered. The music label will still get paid, you can allow the mobile promotion to go on, and you gain more customers than you ever imagined.
We saw this happen in 2009, when Indianapolis-based Marsh Supermarkets ran a coupon promotion on Facebook, where they gave a $10 coupon for any purchase of more than $10... including $10.01.
They had 2,200 fans on Facebook, so the promotion should have cost $22,000. But 45,000 people redeemed the coupon. Marsh canceled the promotion, which angered a lot of their customers, and they took a big hit in the media.
But the biggest hit was the $450,000 in over redemption of the coupons — $428,000 more than they had expected. While they did generate a lot of resentment on the part of their customers, that was minor compared to what they could have lost if they hadn't shut off the promotion.
While it wasn't strictly a mobile promotion, it was a great example of why someone needs promotional risk coverage. Imagine if the same thing happened to your mobile promotion campaign. What would you do if customers were passing the free download codes to their friends? Would you cancel the campaign? Would you risk the backlash from your loyal customers who didn't get a chance to redeem their songs, just because a few people ruined it for the rest of them?
So is it a matter of people being irresponsible and greedy? Or did a mobile promotion succeed beyond our wildest expectations, and we didn't plan accordingly? While we like to think it's the latter, it's still hard to plan accordingly. No matter how wild our expectations are, we can't always see every possibility. That's where promotional risk coverage would have saved our mobile promotion campaign. And our bacon.
Wednesday, March 24, 2010
Mobile Promotions Including Music Downloads, Ringtones, Movies, and Games
Design your mobile promotion with the newest downloadable releases of music downloads, ringtones, and mobile games. Your promotion budget can be fixed with mobile promotions including promotional risk coverage.
It is worth the risk, but you don't have to take it. Promotional risk coverage protects your promotion budget from over redemption and assists you in fixing your advertising and marketing budget.
Promotional Currency is THE leading digital promotions firm, merging digital technology, artist licensing and promotional risk coverage to deliver turnkey, fixed-cost solutions for the promotional marketplace. Ask us why you can afford large prize offerings including mobile promotions on a budget. Fix your promotion budget with Promotional Currency, THE Digital Promotions Authority. http://www.promotionalcurrency.com
Monday, February 22, 2010
Why Digital Promotions Are Better for Trade Shows
Digital promotions are replacing — or should be — the traditional trade show tchotchkes and giveaways we've been subjected to over the years. Maybe it's because I'm in the digital promotions business, or because I've got enough cheap plastic pens to last two lifetimes, but I really think these digital promotion campaigns are going to be the wave of the trade show future.
For one thing, the effectiveness of digital promotions, like music downloads, ringtones, or even online gift cards, are easy to prove. Basically, I can track whenever someone downloads a song or ringtone using one of my promotions. In fact, I can tell you exactly who downloaded it and when. If it's someone important, I can know to the second when they accessed their digital promotion, and make the appropriate followup.
For another thing, I can target my digital promotions. Rather than buying 5000 flashlights and handing them out to anyone who walks past my booth, I can purchase the list of show attendees and send them an invitation to stop by the booth where they'll receive a free music download card. I can pick and choose who will receive my invitation, and then keep track of who stopped by.
Or I can come at this from the other end and email a special download to everyone who stopped by my booth. This way, I can send my giveaways only to potential customers, rather than giving one out to everyone who stopped by looking for a freebie.
Believe it or not, you're helping the environment by giving away digital promotions items. Rather than creating one more plastic widget (pollution), which needs to be shipped (oil and gas), and will sit forgotten until it dries up and you pitch it (landfill), a digital promotions campaign doesn't need any sort of offline promotion if you don't want it. You can promote your digital freebies by email, Twitter, and Facebook if you want. Or you can use offline promotional methods using some of the different green technology out there.
They also don't require a lot of distribution efforts. I can give out my digital promotions by giving away a stack of cards to people who visit my booth, or just by emailing everyone on my list. There are benefits to both. If I hand them out, I can talk to the people I'm giving them to. This lets me make a sales contact, and tell the person about my product or service. But emailing them is free, and a big time saver. Rather than giving the same message over and over to a handful of people, I can reach dozens, hundreds, or even thousands of customers. And best of all, by using variable data, I can keep track of who received it, took advantage of it, and then converted into a paying customer. Handing out 5,000 flashlights won't let me do it with the same accuracy and ease as digital promotions do.
Like I said in a previous postdigital promotions provide your customers instant gratification. People can redeem their giveaway immediately or at their convenience. They're also easy to redeem. They don't take up space in the customer's luggage, they're not forgotten or given away to their kids, where your customer never sees them again. If it's a song, they'll hear it on their MP3 player, and remember where they got it. If it's a ringtone, they'll think of you whenever their phone rings. Not like a stress ball, Frisbee, or funny hat, which I've seen at previous trade shows.
--Julie Ann Ross
For one thing, the effectiveness of digital promotions, like music downloads, ringtones, or even online gift cards, are easy to prove. Basically, I can track whenever someone downloads a song or ringtone using one of my promotions. In fact, I can tell you exactly who downloaded it and when. If it's someone important, I can know to the second when they accessed their digital promotion, and make the appropriate followup.
Digital Promotions are Targeted
For another thing, I can target my digital promotions. Rather than buying 5000 flashlights and handing them out to anyone who walks past my booth, I can purchase the list of show attendees and send them an invitation to stop by the booth where they'll receive a free music download card. I can pick and choose who will receive my invitation, and then keep track of who stopped by.
Or I can come at this from the other end and email a special download to everyone who stopped by my booth. This way, I can send my giveaways only to potential customers, rather than giving one out to everyone who stopped by looking for a freebie.
Digital Promotions are Green
Believe it or not, you're helping the environment by giving away digital promotions items. Rather than creating one more plastic widget (pollution), which needs to be shipped (oil and gas), and will sit forgotten until it dries up and you pitch it (landfill), a digital promotions campaign doesn't need any sort of offline promotion if you don't want it. You can promote your digital freebies by email, Twitter, and Facebook if you want. Or you can use offline promotional methods using some of the different green technology out there.
They also don't require a lot of distribution efforts. I can give out my digital promotions by giving away a stack of cards to people who visit my booth, or just by emailing everyone on my list. There are benefits to both. If I hand them out, I can talk to the people I'm giving them to. This lets me make a sales contact, and tell the person about my product or service. But emailing them is free, and a big time saver. Rather than giving the same message over and over to a handful of people, I can reach dozens, hundreds, or even thousands of customers. And best of all, by using variable data, I can keep track of who received it, took advantage of it, and then converted into a paying customer. Handing out 5,000 flashlights won't let me do it with the same accuracy and ease as digital promotions do.
Digital Promotions are Immediate and Efficient
Like I said in a previous postdigital promotions provide your customers instant gratification. People can redeem their giveaway immediately or at their convenience. They're also easy to redeem. They don't take up space in the customer's luggage, they're not forgotten or given away to their kids, where your customer never sees them again. If it's a song, they'll hear it on their MP3 player, and remember where they got it. If it's a ringtone, they'll think of you whenever their phone rings. Not like a stress ball, Frisbee, or funny hat, which I've seen at previous trade shows.
--Julie Ann Ross
Why Digital Promotions Are Better for Trade Shows
Digital promotions are replacing — or should be — the traditional trade show tchotchkes and giveaways we've been subjected to over the years. Maybe it's because I'm in the digital promotions business, or because I've got enough cheap plastic pens to last two lifetimes, but I really think these digital promotion campaigns are going to be the wave of the trade show future.
For one thing, the effectiveness of digital promotions, like music downloads, ringtones, or even online gift cards, are easy to prove. Basically, I can track whenever someone downloads a song or ringtone using one of my promotions. In fact, I can tell you exactly who downloaded it and when. If it's someone important, I can know to the second when they accessed their digital promotion, and make the appropriate followup.
For another thing, I can target my digital promotions. Rather than buying 5000 flashlights and handing them out to anyone who walks past my booth, I can purchase the list of show attendees and send them an invitation to stop by the booth where they'll receive a free music download card. I can pick and choose who will receive my invitation, and then keep track of who stopped by.
Or I can come at this from the other end and email a special download to everyone who stopped by my booth. This way, I can send my giveaways only to potential customers, rather than giving one out to everyone who stopped by looking for a freebie.
Believe it or not, you're helping the environment by giving away digital promotions items. Rather than creating one more plastic widget (pollution), which needs to be shipped (oil and gas), and will sit forgotten until it dries up and you pitch it (landfill), a digital promotions campaign doesn't need any sort of offline promotion if you don't want it. You can promote your digital freebies by email, Twitter, and Facebook if you want. Or you can use offline promotional methods using some of the different green technology out there.
They also don't require a lot of distribution efforts. I can give out my digital promotions by giving away a stack of cards to people who visit my booth, or just by emailing everyone on my list. There are benefits to both. If I hand them out, I can talk to the people I'm giving them to. This lets me make a sales contact, and tell the person about my product or service. But emailing them is free, and a big time saver. Rather than giving the same message over and over to a handful of people, I can reach dozens, hundreds, or even thousands of customers. And best of all, by using variable data, I can keep track of who received it, took advantage of it, and then converted into a paying customer. Handing out 5,000 flashlights won't let me do it with the same accuracy and ease as digital promotions do.
Like I said in a previous postdigital promotions provide your customers instant gratification. People can redeem their giveaway immediately or at their convenience. They're also easy to redeem. They don't take up space in the customer's luggage, they're not forgotten or given away to their kids, where your customer never sees them again. If it's a song, they'll hear it on their MP3 player, and remember where they got it. If it's a ringtone, they'll think of you whenever their phone rings. Not like a stress ball, Frisbee, or funny hat, which I've seen at previous trade shows.
For one thing, the effectiveness of digital promotions, like music downloads, ringtones, or even online gift cards, are easy to prove. Basically, I can track whenever someone downloads a song or ringtone using one of my promotions. In fact, I can tell you exactly who downloaded it and when. If it's someone important, I can know to the second when they accessed their digital promotion, and make the appropriate followup.
Digital Promotions are Targeted
For another thing, I can target my digital promotions. Rather than buying 5000 flashlights and handing them out to anyone who walks past my booth, I can purchase the list of show attendees and send them an invitation to stop by the booth where they'll receive a free music download card. I can pick and choose who will receive my invitation, and then keep track of who stopped by.
Or I can come at this from the other end and email a special download to everyone who stopped by my booth. This way, I can send my giveaways only to potential customers, rather than giving one out to everyone who stopped by looking for a freebie.
Digital Promotions are Green
Believe it or not, you're helping the environment by giving away digital promotions items. Rather than creating one more plastic widget (pollution), which needs to be shipped (oil and gas), and will sit forgotten until it dries up and you pitch it (landfill), a digital promotions campaign doesn't need any sort of offline promotion if you don't want it. You can promote your digital freebies by email, Twitter, and Facebook if you want. Or you can use offline promotional methods using some of the different green technology out there.
They also don't require a lot of distribution efforts. I can give out my digital promotions by giving away a stack of cards to people who visit my booth, or just by emailing everyone on my list. There are benefits to both. If I hand them out, I can talk to the people I'm giving them to. This lets me make a sales contact, and tell the person about my product or service. But emailing them is free, and a big time saver. Rather than giving the same message over and over to a handful of people, I can reach dozens, hundreds, or even thousands of customers. And best of all, by using variable data, I can keep track of who received it, took advantage of it, and then converted into a paying customer. Handing out 5,000 flashlights won't let me do it with the same accuracy and ease as digital promotions do.
Digital Promotions are Immediate and Efficient
Like I said in a previous postdigital promotions provide your customers instant gratification. People can redeem their giveaway immediately or at their convenience. They're also easy to redeem. They don't take up space in the customer's luggage, they're not forgotten or given away to their kids, where your customer never sees them again. If it's a song, they'll hear it on their MP3 player, and remember where they got it. If it's a ringtone, they'll think of you whenever their phone rings. Not like a stress ball, Frisbee, or funny hat, which I've seen at previous trade shows.
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