Today’s article is about 1+1=11. Compounding effects.
How each piece of your marketing should work together to become more valuable as a group than alone.
Is marketing project A feeding marketing project B?
Any marketing asset is good when it does as designed, but it becomes great when it’s a growth mechanism for other marketing initiatives.
I see this all the time with podcasts.
A long-form interview creates content for the audio podcast. This is the “does as designed.”
But it also creates:
- video content for YouTube
- email content
- video clips for social
- a means to attract new guests to the podcast or book speaking gigs
In a lot of ways, this is how modern marketing works. When you see a CEO active on social and your first thought is “is all this posting worth it?” Likely this is only one small piece of the puzzle.
You can visualize this strategy with a synergy map – a great tool to help understand how each marketing initiative helps power other marketing initiatives.
These four examples stood out, starting with Walt Disney.
Disney’s Synergy Map from 1957
The content in the photo is small so I’ve pulled out a few example connections:
- Creative talent of studio and films > provides article material > Walt Disney Magazine
- TV > plugs park > Disneyland
- Disneyland > yields additional sales outlet > Merchandise
- Merchandise > exploits films > Creative talent of studio and films
What I find particularly insightful about this early vision of Disney is the central role played by creative talent.
In the 1940s Walt Disney Studios was struggling financially, unable to produce the financial returns needed to support the high production costs of now classics like “Bambi”, “Fantasia”, and “Cinderella.”
Understanding the power held within the creative department, rather than trying to make production more efficient, Disney instead monetized the company using new distribution channels, like Disneyland and merchandise sales.
To illustrate this point another way we can look to what is known in Disney history as the “Lost Decade”, roughly 1994-2004. Disney’s 3rd CEO, Michael Eisner, in an effort to boost shareholder value, significantly cut resources to creative departments. Not only did this produce a series of unmemorable movies, but it also cut off monetizable material for other departments.
It took a new CEO and 5+ years of new investment in creative to get Disney back on track.
This goes to show that while investment-heavy creative production struggled to be successful on its own, with an interconnected network of marketing channels supporting each other, Disney built a marketing powerhouse.
Content Marketing Institute – modern internet media company
You may have heard the notion lately “every company is now a media company.” While as local marketers the playbook is a little different than that of SaaS or Ecomm (where this advice is usually directed), I think it’s a smart idea to pull inspiration from those sectors.
Content Marketing Institute is a literal media company, so understanding how it markets could be a model adapted to your own micro media company within your local business.
- Events > drives interest in awards > awards create content for the blog
- Blog > promotes newsletter > newsletter generates traffic back to the blog
- Books > drive interest in events > events bring signups for training > training promote direct advisory
David Perell – the one-person media company
David has a much smaller operation, I’m guessing just him, selling online writing courses. Where Disney is a massive and less relatable example, David’s model is a bit easier to digest.
- Twitter > drives email subscribers > email promotes online courses, essays, books, investing, YouTube, podcasts
Nik Sharma – personal synergy maps
Nik is a compelling modern-day example of how someone’s personal content can feed their brand’s opportunities and vice versa. While this map is more simplistic due to the groupings, it’s notable that personal and professional marketing can work together to drive career growth opportunities.
- Marketing content > drives interest for owned brands > investment opportunities
A couple of days late, but Happy Valentines Day from all of us here at Widewail.
If/when I do a marketing synergy map for Widewail, here would be an example of how our blog, newsletter, and academy work together:
Blog > promotes newsletter > newsletter promotes academy > Academy promotes GMB audits
If you built a marketing synergy map for your business what would it look like? What connection opportunities are you missing? A visual may help you find the gaps.
h/t to George Mack for introducing me to synergy maps. His Twitter feed is world-class for marketers – highly recommend.
Also, I’ll admit I had to look up “h/t” last week. It’s Twitter-speak for “tip of the hat”, i.e. give credit. The more you know.
See you in 2 weeks – Jake, Marketing @Widewail