Archive for June, 2009

5 reasons to start using e-newsletter advertising

Monday, June 29th, 2009

Professionals depend on e-newsletters to keep them up-to-date with the latest news on their industry. Chances are good an e-newsletter has landed in your inbox at one time or another. Odds are your prospective customers are included on a few well-targeted subscriber lists, as well. A well-placed e-newsletter ad may be just the boost your online marketing campaign needs. Here are five major reasons that you should consider using e-newsletter advertising today.

1. A ready and willing audience of opt-in subscribers ensures your ad will reach your target demographic. When it comes to e-mail newsletters, the more specific to your target audience, the better. A recent article in B-to-B magazine suggests inquiring on the demographics of any e-newsletter in which you are considering purchasing ad space. Some advertisers are purchasing ads for a percentage of the list that fits their needs, instead of buying the whole list.

2. Reach your target audience anytime, anywhere. Going mobile with your ads and landing pages allows for easy accessibility from “smart” phones.

3. Boost credibility while saving time and money. An e-mail newsletter advertising campaign increases your visibility to potential customers, without the need for time-consuming list maintenance and content creation. Take your credibility a step further by sponsoring a section, then asking to write a column or an article within that section.

4. Get measurable results with quick-and-easy ROI (estimated at $43.42 for every dollar spent by the Direct Marketing Association) backed by proven statistics. Publishers know how many people are reading their e-mail newsletters and their bounce rates.

5. E-newsletter advertising generates quality leads. According to the 2009 Forbes Ad Effectiveness Survey,  e-mail and e-newsletter marketing were second only to SEO as the most effective tools for generating conversions.

Is it time to trade in the trade show?

Wednesday, June 24th, 2009

exhibit-hallAs the economy has slowed down, trade shows and private corporate events are suffering. The Trade Show Exhibitors Association recently released the results of its 2009 Exhibit Marketing Survey. The survey indicates that exhibitors plan to decrease the number of shows they attend and are planning to spend less in 2009.  Budgets have been cut by an average of 17%. Corporate event spending is also projected to join in the downward trend, with the average budget decrease at 30% under last year’s spending.

The medical industry is impacted by the economic slowdown, but also a number of other factors. Most importantly, various transparency and code of ethics laws are preventing vendors from sponsoring the physician’s attendence at tradeshows. Business travel budgets are also tight, leaving would-be attendees stranded at the office. 

How can you reach an immobile customer base? Reach them where they are, when they need you, 24-7 through the Web. Savvy marketers are making the most of their advertising dollars through this lower-cost, viable solution. Webinars, webcasts, virtual tradeshows and social networks are all online meeting-based options for marketers who are looking to reach physicians when they’re learning and networking.

Photo by mikesalsbury

More Time Online for Physicians

Friday, June 19th, 2009

According to a recent New York Times article, technology is streamlining today’s medical practices and reducing medical costs. With online appointment scheduling, medical journals going digital, and virtual medical conferences now available, it’s no wonder that physicians are logging on more frequently. Epocrates (ppt) rego-onlineports upward of 70% of physicians are now online daily.  Nearly 40% of respondents reported using the internet for clinical information 2-4 times per day, and another 20% log on 5 or more times each day. For 76% of the physicians surveyed by Epocrates, the number of hours spent online has increased over last year.

Manhattan Research is reporting similar findings in its survey, the ePharma Physician v8.0 study,which takes an in-depth look at the estimated 84% of the U.S. physician population interacting with pharmaceutical, device and biotech companies online. According to the survey, the number of physicians who use the internet and other digital technologies to access pharmaceutical, biotech, and medical-device information has grown by 20% since 2004. 

The Manhattan Research study breaks down the online activities of the medical professionals surveyed. The survey reports that physicians are opting to conduct routine activities online, instead of through sales representatives.  Among the fastest growing online activities for doctors are online medical journals and online professional conferences, with both seeing double-digit growth over the past three years. Physicians say they plan to increase time spent on both these online activities in the future. A brief summary of the study is available on the web at Marketingcharts.com.

Beyond the Website

Friday, June 12th, 2009

Think your website has your online medical marketing needs covered? Think again. According to a recent survey conducted by Jupiter Research, online health care specialists use an average of seven online resources to find clinical and treatment information, with only 41% of respondents visiting manufacturer’s websites.

Online resources that physicians use

Among the online resources most visited by physicians: literature databases, pulling in 90% of those surveyed; online journals, netting 83% of respondents; and physician’s portals raking in 73% of the physicians surveyed. Government websites also made the list, with 63% of respondents reporting that they rely on government sites as a resource. Only 37% rely on the use of medical or professional blogs.

To take advantage of the many opportunities available to medical marketers online, an effective strategy will incorporate multiple channels. According to Deborah Dick-Rath, senior vice president, healthcare practice leader, with FactorTG in an article written for MMM, the most effective healthcare marketers integrate all channels, all media, all the time.