This morning, he talked about assets. Here's a quick summary:
"For a marketer, an asset is a tool or a platform, something you can use over and over without using it up. In fact, it's something that gets better the more you invest. Running an ad is an expense. Building a brand people trust is an asset. Buying a trade show booth is an expense. Having a permission marketing list of people who want to get anticipated, personal and relevant emails from you is an asset. The challenge in growing a business is in building assets daily, and doing it for less money than those assets end up being worth. Your expenses should generate assets."
So, what are your assets? And, what are you doing to build your assets.
Seth's thougths made be think back to my work last Sunday facilitator an association's board discussion about marketing ... specifically whether the association should launch a business to business marketing program for its industry.
During the discussion, I realized they viewed Drake & Company as an "expert" in marketing for associations and industry groups. This hit me in the same way as when a community association PR director called me summer because "I've been told you are the social media experts."
Isn't this reputation part of our brand? Our assets? And, if so, how did we accumulate these assets?
Well, here are a few thoughts on that:
- by doing great work and creating a body of work that demonstrates our expertise
- by participating in our trade association ... and, I mean getting involved. Speaking at conferences. Serving as an association leader.
- by speaking and presenting at local and national conferences. And, sharing those presentations on SlideShare and other file sharing systems.
- by freely sharing cause marketing or social media advice to associations and AMC owners.
- by taking the initiative to write and successfully submit a grant that generates $20,000 for one of your client's conventions.
- by networking and providing information free ... as when our staff conducted a social media workshop for out-of-work executives or when I provided free facilitation about industry marketing to a trade association.
So, what are you and your company or association doing to build your assets in the bank of good will?
When was the last time you gave a presentation at a conference? Or, provided free advice and consulting to an individual or another organization?
Make some deposits in your bank of good will today!
Steve


