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Adding flavor to the Caribbean marketing mix: simple, cost-effective strategies can help you reach the diverse audiences of the region.


[ILLUSTRATION OMITTED]

So how does it taste?" I proudly asked my morn as she sampled my attempt at callaloo cal·la·loo  
n.
1. The edible spinachlike leaves of the dasheen.

2. A soup or stew made of these leaves or other greens, okra, crabmeat, and seasonings.
, a Caribbean dish made by blending young spinach leaves, vegetables, herbs and spices. After a long pause, she lovingly replied that something was still missing. I went through my mental checklist and realized that, even with all the ingredients included, the dish just does not taste the same without her secret herbs and spices administered seemingly unscientifically in dashes and pinches.

Back at my desk, pondering my freshly cut 2009 budget, I realized that the challenge facing marketing practitioners this year is no different from my trying to replicate Mom's cooking. How do we differentiate ourselves in the market by spicing up the mix and measure our success in an environment where we are forced to do more with less?

Certainly every situation calls for a unique solution, but there are some steps that Caribbean marketers can take to demonstrate a higher return on investment. You still need to get the basic recipe right, but adjusting the ingredients to taste and adding that secret spice can give you the edge.

Most marketing professionals for Caribbean businesses I've spoken to have identified at least one of the following as goals for 2009, with the overall challenge of finding a cost-effective way to achieve them.

1. Increase return on marketing investment. Many of us have had to build business cases to justify incremental Additional or increased growth, bulk, quantity, number, or value; enlarged.

Incremental cost is additional or increased cost of an item or service apart from its actual cost.
 expenditures in some areas or, at the CFO's request, attempt to apply scientific models to calculate ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot).  and explain variances. Fun! Practitioners have realized that increasing analytic sophistication so·phis·ti·cate  
v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates

v.tr.
1. To cause to become less natural, especially to make less naive and more worldly.

2.
 to capture the right data helps to inform business decisions and can facilitate calculating the return on marketing investment.

2. Generate more quality leads for the pipeline to surpass customer acquisition targets. Some companies operating in the Caribbean have already exhausted their organic growth options and are seeking to tap into new markets. The Caribbean diaspora (Caribbean nationals living outside the region) is a market that some companies long to engage because of this group's traditionally higher disposable incomes disposable income

Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also
 and greater connectivity. In the current economic environment, however, many Caribbean nationals are repatriating funds because of failing international capital markets. Companies in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, real estate and recruitment are eager to connect with this audience.

3. Tap into social media. The Internet penetration rate of" 17.3 percent in the Caribbean as a whole may seem anemic anemic

pertaining to anemia.
 compared with the 73.1 percent in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , but some countries like Antigua (85.8 percent), Barbados (63.8 percent) and Jamaica (53.5 percent) present opportunities for communicators. There has also been exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear.  in Caribbean communities on popular social media platforms. Caribbean communicators are aware of this but are somewhat apprehensive of formalizing a strategy to leverage these communities, especially to gauge brand awareness, test new product ideas or even evaluate brand reputation. However, regional governments have committed to developing the information and communication technology sectors to help diversify their economies, which should help increase Internet penetration rates.

4. Focus on customer engagement. We know that it costs more to get a new customer than to keep an existing one. But more important, a satisfied customer is the best ambassador for your brand and the cheapest form of customer acquisition. Additionally, internal stakeholders Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
 are important in spreading the word on your behalf, and as such, communicators have identified these groups as important.

5. Take an integrated approach to communication. Traditional media still play an important role in communication in the Caribbean. However, if a company is interested in reaching a group with specific demographic or geographic characteristics (for example, 18- to 25-year-old male Caribbean nationals living abroad), new media would bring a more cost-effective touch point to the mix.

[ILLUSTRATION OMITTED]

A dash of new media

To achieve these goals, Caribbean communicators should consider using new media to add flavor in a measurable way, without draining the budget. The Caribbean Web is still nascent, but there are signs of growth. Some regional media houses have started siphoning content from their traditional TV, press and radio arms to satisfy the growing appetite for online content. Two examples of this convergence are the Jamaica Gleaner's YouTube channel, which serves up local videos on its web site, and the recently revamped Trinidad Guardian The Trinidad Guardian (together with the Sunday Guardian) is the oldest daily newspaper in Trinidad and Tobago. Founded in 1917, the Guardian is published by the Trinidad Publishing Company.  web site, which cross-pollinates its stories with video content from sister TV station CNC (Computerized Numerical Control) See numerical control.

CNC - Collaborative Networked Communication
3. Most Caribbean web sites have the standard Web 2.0 tools (RSS feeds Summaries of Web site content that are published in the RSS format for download. See RSS. , podcasts, webcasts, bookmarking In genetics and epigenetics, bookmarking is a biological phenomenon believed to function as an epigenetic mechanism for transmitting cellular memory of the pattern of gene expression in a cell, throughout mitosis, to its daughter cells.  or sharing tools, blog links, etc.), allowing content to be more accessible and enabling a viral spread if users wish to share.

A number of entrepreneurs have launched platforms that showcase Caribbean content and solicit user-generated content The production of content by the general public rather than by paid professionals and experts in the field. Mostly available on the Web via blogs and wikis, user-generated content refers to material such as the daily news, encyclopedias and other references, movie and product reviews as . The Caribbean communities on established social media platforms such as Facebook and Hi5 have grown exponentially, and video-sharing applications are part of the online diet of the average Caribbean consumer. Blogs now outnumber out·num·ber  
tr.v. out·num·bered, out·num·ber·ing, out·num·bers
To exceed the number of; be more numerous than.


outnumber
Verb

to exceed in number:
 the traditional media web sites in the Caribbean, giving citizens a voice and more power. Sites like blogoria.com and cariblogger .com aggregate blogs and provide a platform upon which Caribbean bloggers can build. These influencers are the new catalysts of behavioral change, and the growth in this area cannot be ignored.

Traditional media are great for mass communication, but it is often difficult to quantify actual returns on investment for these channels or to measure the success of a campaign. In this environment, marketers are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 easy, cheap and measurable strategies to achieve their goals, and a dash of new media may just do the trick.

Add water and stir

In stirring new media into the marketing mix, communicators should recalibrate the overall marketing strategy to ensure that the combined tactics work synergistically syn·er·gis·tic  
adj.
1. Of or relating to synergy: a synergistic effect.

2. Producing or capable of producing synergy: synergistic drugs.

3.
 and more effectively. Other complementary, low-cost strategies can be adopted to achieve your goals, such as:

* Permission marketing. Engaging customers through permission marketing opens up new ways to cross-sell and up-sell products and services. In this method, customers are asked to opt in to receive the information, implicitly giving the marketer the right to send targeted ads in the area of interest. Permission marketing has its own techniques to increase signups and, when used in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem"
tandem
 with other new-media strategies, can increase returns. It tends to be more efficient, since ads are sent only to people who are interested in them.

* Word of mouth. A comprehensive online word-of-mouth strategy is probably the most cost-effective way to increase brand awareness, build loyalty and ultimately affect the bottom line. Caribbean nationals are passionate and vocal about many things, and would willingly promote a local brand they believe in--if they are asked!

* Paid advertising. Even with smaller budgets, communicators can reach niche markets through targeted online advertising. Facebook and Google's Adwords allow marketers to run targeted campaigns and allow you to set your maximum budget. Some marketers may also wish to advertise on Caribbean-centric sites.

Measuring cups

It's important to have a framework set up to measure the success or failure of a strategy. As use of the Internet evolves, so do measurement models. Simply put: Online marketing ROI Marketing ROI is a related term to Return on Marketing Investment (ROMI) and is a measure of the effectiveness (see also marketing effectiveness) of various marketing activities.  = Net benefit derived ! Cost of achieving that benefit

Suitable "net benefits" of online marketing investments might be:

* Improved conversion rate ([sales / number of clicks] x 100), that is, the percentage of visitors who have been successfully converted to customers. This metric is easier to calculate with new media, since technology allows us to track a click all the way through to fulfillment. Data captured can be used to cross-sell or up-sell to existing customers to extend their lifetime value.

* Better insight into the people who interact with the brand. Analytical software Analytical software is software that is designed specifically for and development of a particular environment or object.  gives marketers a sharper look at the target audience's behavioral patterns, demographics, location and more--something that is harder to discern from traditional media.

* Increased number of signups on the web site, whether it is for a newsletter or just for further communication. These people have given explicit permission to be marketed to.

* Increased number of unique users/visitors to the web site. Some communicators may have metrics that track unique users as part of their scorecards, and new-media strategies can help achieve these.

* Increased links back to the web site, which increases search engine rankings Search engine ranking is a measure of the online promotional success of a web page or website.

Most search engines default to ten organic or natural listings per page. Many include sponsor links before or to the right of the results.
.

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A measurement model is only as good as the data entered, and the onus is on the marketer to capture data accurately. Practitioners can now add the necessary numbers to support the request for more funds or justify a shift to new media. With proper ingredient measurement, the callaloo can be flavored to taste and enjoyed by all.

Brevard Nelson is a co-founder and vice president of customer acquisition and engagement at Caribbean Ideas Ltd. He is also the vice president of branding and visual communication for IABC/Trinidad and Tobago.
COPYRIGHT 2009 International Association of Business Communicators
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

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Title Annotation:special report: latin america & the caribbean
Author:Nelson, Brevard
Publication:Communication World
Geographic Code:50CAR
Date:May 1, 2009
Words:1458
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