Belmont University

January 31, 2008

Inspirations for 2008

A new year often brings inspiration of various kinds: diet, exercise, studying harder, staying in touch with friends and about a million others. Sometimes our inspirations hold high resolve. Sometimes, we even act upon them.

During the holidays, my inspiration came from a book, actually a Christmas gift, and what a gift it turned out to be! I’m sure it was well-meant for reading enjoyment about things that I am very interested in: quality journalism, international issues and lots of politics. But the gift went way beyond reading enjoyment. It was a personal inspiration. The book was a provocative read and led me on a path that I had not traveled for awhile. The place that it took me was inspiration.

The book is Peter Jennings, A Reporter’s Life. It is unique because it is a life story told by many people who knew Peter Jennings well over his four decades in as a world famous news journalist and a nightly fixture on ABC news. The testaments to his life range from his number one competition in the world of news and, dear friend, Tom Brokaw to a famous Palestinian woman leader, whom he first met when she was a university student and he was reporting on the Middle East. Then there were many friends, his children and even a few U. S. Presidents.

So why was I inspired by this book? Peter Jennings was not just a highly accomplished journalist, who was elegant, articulate and debonair. He was a person of high character, humility and values, who until the end of his life remained steadfast to his service to others. He saw his pursuit of truth as a journalist as a way of serving the people of the world, not as a way to achieve stardom and acclaim. Just as he served the people of the world with his reporting, he served the homeless people of New York City. During his life, he never wanted that to be public knowledge. Only recently has his commitment and service to the homeless become known. He served food, raised funds and counseled with the homeless. It took his friends and even some of the homeless to tell this part of his story. And he did all this with such style!

The recounting of Peter’s steadfast commitment to service, whether through seeking truth or constant service to the downtrodden, gave testimony to a life well-lived and full. His rich life, full of love, caring, and serving others caused me to examine myself -- and to be inspired toward a personal resolve to do more toward serving others.

What about you? This is a good time to examine your service to others. Over the years, I have found that although my “giving back” aids others, I come away with rewards, too. There is always learning from service, hence, the term -- “service learning.”

Have a great 2008!

P.S. By the way, I read Eric Clapton’s new autobiography over the holidays, too!


January 25, 2008

Super Bowl = Super Ad Purchase?

Super Bowl 2008 Logo.jpg It's that time of year again--Super Sunday, where an audience of millions will feast on football, hot wings, and a bevy of well-placed one-liners nicely packaged into 30-second spots. And the price advertisers will pay for the privilege of running a one-half minute message to the Fox TV audience? Up to $3 million. That's up from the reported price tag of up to $2.6 million for last year's Super Bowl and up to $2.5 million in 2006. And those figures obviously don't include any of the creative, talent, or other production costs that go into what can be some very elaborate backdrops for displaying one's message.

As one example, be sure to catch the Audi ad that pitches for its R8 sports car. The product is shown in front of a real Beverly Hills home that is currently on the market for $200 million (I'm guessing that was offered for free in exchange for helping sell the house?). However, Audi's spot also features movie icon Alex Rocco from the academy-award winning The Godfather (1972). Audi reportedly paid Paramount somewhere between $500,000 and $1.5 million just for the licensing rights to use Godfather material for the campaign.

Audi R8.jpg So, is Audi getting a good bang for their buck, er euro? Actually, they could be. If we use last year's audience numbers as an estimate, we would expect 93.2 million viewers to tune in for the show. So, even if we assume Audi paid on the high end for its spot at $3 million, leaving out production, licensing, etc. costs for the moment, that translates to only a little over 3 cents per viewer.

Doesn't sound quite as bad anymore, does it! So, it's a good deal, right? Not just yet. I'll be back later next week with some other factors we need to work into our equation before we make our purchase. By the way, if you sign up to become a registered member of Audi of America's website, you get the opportunity to see their Super Bowl ad before everyone else...earlier on Sunday morning.


January 18, 2008

Give’em Something to Talk About

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Some movie marketers have gotten a lot of us talking. Instead of feeding folks most of the plot line and hoping we’ll come to the theater to fill in the blanks, these buzz agents have left so much more to the imagination. A huge fan of tease tactics and consumer engagement, I can’t help but be intrigued by the promotional efforts launched for this week’s release of Cloverfield and the upcoming Batman Blockbuster, The Dark Knight.

Producers of Cloverfield hope you are wondering what “thing has found us?” The bait? Well, it all started with the release of a movie trailer without a title. We got a glimpse of a party interrupted by panic and speculation that left us asking, “What was that all about?” The videography, which appears similar to that used in The Blair Witch Project, adds to the intrigue. According to director Matt Reeves, "We wanted this to be as if someone found a Handicam, took out the tape and put it in the player to watch it. What you're watching is a home movie that then turns into something else." Time will soon tell if the hype for this release turns into a successful thriller.

All joking aside, I have been most impressed with the viral marketing campaign for The Dark Knight. The “I Believe in Harvey Dent” political campaign launched on the web, followed by the vandalized version, “I believe in Harvey Dent too,” certainly got the buzz swarming. We were even invited to partake in some detective work ourselves (i.e., finding the “Haha”s and secret message on the “I believe in Harvey Dent too” webpage and participating in a scavenger hunt launched on WhySoSerious.com).

Marketers should consider the value in advertising that, in itself, entertains. Again, it all comes back to consumer engagement. The ongoing challenge: giving our audience something to talk about.


January 08, 2008

Chinese-made cars coming to America...via Latin America.

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I spent some time in Mexico over the holidays. Lots of anticipation about the imminent entry of Chinese-made cars into the Mexican market.

One of China's biggest car manufacturers, the state-owned FAW Group Corp. http://www.faw.com , announced an alliance with Mexican retailer and banking chain Grupo Elektra to begin selling Chinese-made cars in Mexico early this year. Elektra, a low-cost retailer (similar to a Dollar General ), has more than 1,700 stores in Mexico, Guatemala, Honduras, Peru, Panama, El Salvador and Argentina.

FAW will also build a US$150 million plant in the western Mexican state of Michoacan to be operational by 2010. The plant is expected to churn out 100,000 cars each year to serve the Latin American market.

The cars will be priced starting at $6,200 for a four seater sub-compact. This will allow the car market to incorporate a large segment of the population who, at this moment, aren't clients of the industry. In Mexico, less than 20% of the population owns a car. In other Central and South American countries, where Elrektra has a presence, the number is even lower.

Entering the American continent via Latin America is a pretty safe bet for FAW. There is a sizeable market, a growing middle class, an explosion of consumer credit alternatives. I believe they will be hugely successful, taking away market share from much more establishes brands such as Ford, Nissan, Volkswagen. FAW's pricing will be 10-15% lower than their competitors.

It's also a smart strategic global move. Spokespeople for FAW and Elektra have commented that building a plant in Mexico, will allow them to be much closer to the United States, should they decide an attempt to enter the very lucrative US market once the plant is built.

Makes a lot of sense...in fact if you think about it it's kind of odd we're not already driving Chinese-made cars in the US.