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Green Marketing for a Sustainable Future By Bradly Montague President & CEO NOMAMONT, Inc.
Eco-Innovation and Green Marketing can lead to top line sales, differentiation and improved brand equity. The obvious assumption of green marketing is that potential consumers will view a product or service's "greenness" as a benefit and base their buying decision accordingly. While green marketing is growing greatly as increasing numbers of consumers are willing to back their environmental consciousnesses with their dollars, it can be dangerous. The public tends to be skeptical of green claims to begin with and companies can seriously damage their brands and their sales if a green claim is discovered to be false or contradicted by a company's other products or practices. Presenting a product or service as green when it's not is called greenwashing.
Along with the now meteoric rise of green consumers, we see the rise of ecolabeling, green advertising and the importance of environmental reporting. This trend creates the opportunity for just about anything to be marketed as green, from simple packaging changes to products and services that radically reduce materials, energy, and waste. Full Article.
Become a Passion Brand By Bradly Montague President & CEO NOMAMONT, Inc.
Branding is all the rage; therefore, people are tempted to think that it is a new idea. A commonly used term in marketing, branding is often the subliminal process by which a business employs marketing strategies to guide people to easily remember their products and services over a competitor’s. Essentially, it's applied psychology. Branding is also a method to leverage success, expand market share, and fend off competition. The problem is, companies are turning to branding as a panacea and the cold, hard fact is branding will not create a spike in cash flow or market share. Therefore, it makes sense to understand that the purpose of branding is not to make your target market choose you over the competition, but rather to urge your prospects to see you as the only solution to their problem.
A strong brand is invaluable, as the battle for customers intensifies day by day. Brands of the future will be those able to surround their products and services with ardent advocates and loyalists: passion brands. All other brands will be left to compete in the price wars. Full Article.
E-mail Marketing & Reputation in a 2.0 World By Bradly Montague President & CEO NOMAMONT, Inc. E-mail has become both the most effective marketing medium to emerge since the introduction of television and the most annoying medium for conveying an advertising message. Therefore your reputation is everything. Users are simply able to make a quick decision about your e-mail without even opening it if they don't like what they see in the "Subject" or "From" lines, the delete key is just a click away. As marketers you must also contend with the increasing negative connotation of "spam" a term that is now actively connected in the minds of consumers to ANY unwanted e-mail, even if they are legitimate marketing messages to which recipients have opted in for. Added to your difficult mission, ISPs in response their customers' frustrations have created new barriers. Our experts have examined the ways in which e-mail marketers can manage their reputation.
According to a recent Jupiter Research survey, 60% of business decision makers prefer e-mail and the Internet over other mediums for receiving marketing messages. Not to mention that the cost-per qualified lead can be 5% to 15% less when using online media. Today e-mail is reaching consumers no mat¬ter the time of day or where they are. Most marketers say that, for business-to-business offers, the middle of the week especially Tuesday is best; people have too much mail to wade through on Monday, and by Friday they have other things on their mind. For consumers at home, weekends are best; some send on Thursday or Friday, knowing it won't be read till the weekend. One axiom of DM is that longer copy pulls better than shorter. Not so in the digital age "In some ways the comparison between postal and e-mail seems good, but really it's closer to a TV news story where you have to capture them immediately or they're gone," says Media Synergy's Coulman Some marketers prefer personalization; others think offers work best in getting recipients to click open the mail. But the results from testing subject lines can be surprising. Stephanie Healy, interactive sales manager for Omaha Steaks, said a "buy one, get one free" subject line beat out one about "grilling perfect steaks ". On the other hand, for Memorial Day she tested a subject line about getting free franks or burgers with a purchase against one about big savings for the holiday, and the latter was beating out the former.
Full Article.
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China Plans $440B Stimulus Funding for Renewables SustainableBusiness.com News
China is planning to invest $440 billion (3 trillion yuan) in stimulus funding on renewable energy, according to an AFP report.
The report cites the Beijing Morning Post and a State Energy Administration official who said much of the investment will go towards wind power.
The timeframe for the stimulus spending was not reported.
China wants accelerate its plans for wind power, aiming for more than 100 gigawatts (GW) by 2020--more than triple the goal of 30 GW announced in 2007.
The report follows an announcement made last week by Zhou Xi'an, a director general at the State Energy Administration, stating that China wants 6% of its power to come from renewable energy by 2020 (excluding hydropower)--up from a current level of 1.5%.
China currently depends on coal for nearly 70% of its energy production.
Last November, China unveiled a $584 billion stimulus package supporting its auto industry, petrochemicals and eight other sectors.
In Related News...
The Philippines wants to attact $9-10 billion in investements in renewable energy projects over the next 10 years, and has created generous incentives that go into effect next month.
Read Reuters coverage at the link below.
Website: planetark.org/wen/53071
Sustainable Packaging To Be A Third of Market by 2014 SustainableBusiness.com News
Sustainable packaging is a fast-growing segment of the global packaging industry, and will grow to 32% of the total market by 2014, up from just 21% in 2009, according to a new report.
Plastic-based packaging, which represents 35% of all materials used, will be the fastest-growing sector of the sustainable packaging market over the next five years, according to cleantech analysts at Pike Research. Metal-based packaging, one of the easiest materials to recycle, will continue to be the sector with the highest percentage of sustainability--by 2014, more than 63% of metal-based packaging will be environmentally friendly.
Paper and paper-based packaging are the largest sectors with more than 40% of the global packaging market.
“The $429 billion global packaging industry is huge but extremely fragmented, with no clear market leaders,” Pike research managing director Clint Wheelock said. “As such, the move toward sustainable packaging represents a broad-based effort by manufacturers, retailers, industry groups, and governments to promote the design of minimal packaging that can be easily reclaimed. A tremendous amount of innovation is going into reducing energy requirements to manufacture packaging and using more recyclable and compostable materials, but there is still a long way to go.”
The report estimates the worldwide market for packaging is currently $429 billion and will surpass $500 billion within five years, an annual growth rate exceeding the total global increase in GDP.
Website: www.pikeresearch.com