| The Valley's Premier Business to Business Marketing Newsletter | ||
| Serving the Colorado River Valley Corridor, as well as Vail, Aspen and Grand Junction Areas |
| Feature Article | Spotlight Interview | One Minute Marketeer | Ask AIMS! | ||||
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Strengthening Community
Connectivity Through Charitable Sponsorship |
Fifteen Minutes With Keith Lambert, Mayor Rifle, Colorado
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Five Fast Pathways to
Sponsorship
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Tracking Ad Effectiveness and More
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Strengthening
Community Connectivity |
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Charitable giving is a wonderful way to strengthen community ties between your business and recipients of your donation within your hometown or market area. From a marketing perspective, charitable giving is a win-win avenue toward greater exposure and lasting benefits. Tailoring your contribution to a comfortable level, you can, further, select an organization which promotes a mission directly relevant to your business goals, product or service; or, in the least, select one which reflects your own values or the philosophy of your business. Many organizations receiving financial donations provide some formal means of recognition through a publicized listing or other print form of appreciation. However, there are lots of unconventional ways you can enjoy greater exposure for your business through sponsorship of an organization or event. For example: you may find your company's name on the back of t-shirt promoting a concert; an etched wine glass promoting a gallery exhibit; or, a poster promoting a dance. The opportunities are endless, and often quite imaginative. If this is an important concern in whether and how you choose to contribute, ask how your contribution may be commemorated. Though most common, monetary contributions aren’t the only way in which way you can give. Many organizations are happy to receive in-kind donations of products or services, in fact, some have programs specifically designed to receive items such as cars or computers. Volunteerism is another coveted gift, and giving directly of your time is a wonderful way to be a visible representative of your company. First, determine what you are able to give, then find out from the organization you are interested in supporting what they most need that you can supply. Perhaps you can find a way to donate funds and give of your time, such as serving on a committee to host an annual fundraising event, then sponsoring it. Annual events offer sustainable ways for you to continually reinforce your presence with a target audience. Regardless of the recipient you choose to support, get your name behind a worthy cause. Associating with something you believe in and are passionate about will 1) keep an organization or an event a priority on your radar screen, 2) provide a source of stable participation for the organization you support, and 3) can be a great conversation starter among those customers or clients who share your interest. You can feel good about giving to a charitable cause, and so can your customers, clients and the organization you support. In deciding where to focus your interests and efforts, you may elect to help a local organization or put your resources behind or a more national presence. And remember, you can certainly choose more than one. If greater market exposure is a reason for your affiliation, think about your market and who you serve as a part of your selection consideration, since affiliation with certain organizations could offend aspects of the market you serve. Most people heartily advocate for kids. Health, the environment, and the arts are other, usually popular choices. By sponsoring a cause, event or organization, you more than simply give-back -- you share with the community that supports you. You share an invested interest in mutual success with those you are reaching out to, and those who are supported by the affiliated organization.
Guidelines for
Giving A majority of charitable contributions are made in the form of cash; however, donations of vehicles, equipment, real property, stocks and bonds, and intellectual property are also common. According to the Internal Revenue Service, the full tax benefit of charitable contributions can only be considered when 1) the gift is given to a qualified tax-exempt organization, and 2) the donor itemizes their taxes. Even then, however, certain limits apply to the full tax benefit received. The IRS posts numerous guides on their website which pertain to charitable giving. Two of these are: “Publication 526, Charitable Contributions”; and, “Publication 561, Determining the Value of Donated Property” When deciding upon an organization to support, there are ways you can make a more informed decision. According to a statement on their website, “The BBB Wise Giving Alliance helps donors make informed giving decisions and advances high standards of conduct among organizations that solicit contributions from the public.” This organization, created in 2001 through a merger of the National Charities Information Bureau and the Council or Better Business Bureaus’ Foundation, offers “Tips on Giving”; “Standards for Charity Accountability”; and, “Charity Reports” on their website. Though there may be tax benefits associated with giving to a tax-exempt organization, you may elect to support other groups for other reasons. Perhaps a small theater group needs a stage – and you can build one; or, a T-ball team needs equipment – and you can buy it for them. Though you may not receive tax benefits from helping these folks, the personal reward can be greater. And, you may find the good-will you demonstrate here will have farther-reaching effects. Donors' names can get buried among long lists of corporate givers formally acknowledged, whereas the "thank you" receive from a group of kids shooting for the moon can be very heartfelt and carried a great distance through sincere word-of-mouth appreciation. 5 Clear Benefits of Charitable Giving
Charitable giving is easy to do. Even a start-up business can afford a little time, product, service or financial contribution. The great thing about sponsorship is there is room for everyone to participate, and everyone can benefit! Resources Internal Revenue Service There are important guidelines which apply to the giving of vehicles, stocks and bonds, intellectual properties, and other types of property. Businesses with a tax-related question can call 1-800-829-4933 to receive live assistance, during tax season, between the hours of 7am and 10pm. For those with hearing impairment, call 1-829-4059 (TDD) On the web: www.irs.gov
BBB Wise Giving Alliance On the Web: www.give.org
Colorado Non-Profit Association According to their website, this organization serves nearly 1300 members. On the Web: www.coloradononprofits.org
Action Without Borders, Inc. Maintains a listing of over 52,000 organizations world-wide. To look for those in Colorado, type Colorado into the on-site search engine. On the Web: www.idealist.org
Roaring Fork Volunteers This website helps connect volunteers with organizations throughout the Roaring Fork Valley
Special Thanks to Janine Rose, Branch Manager and Reference Librarian - Silt Branch Library; and, to Tamara Tormohlen, Executive Director - Aspen Community Foundation for their help in locating local non-profit resources.
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Fifteen Minutes With Keith Lambert, Mayor - Rifle, Colorado |
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Meet Keith Lambert, a 25-year resident of Rifle, Colorado, now in his second term and serving in his fifth year as Rifle’s Mayor. Keith, now retired, taught elementary school for 28 years in both Arizona and Colorado. |
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photo: © Blair Bracken, 2006 |
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Through his work as a member of the Rifle City Council, Keith and his colleagues were able to offer incentives which resulted in the restoration of the historic Midland Building on 3rd Street in Rifle (where we sat for this interview), the rewards of which are enjoyed today by businesses and citizens alike. Keith and the Rifle City Council offer a unique look at the value of sponsorship. "As a city," Keith says, "we're able to support our community in a number of different ways, and we consider it an important function of what we do." While Keith acknowledges that each and every group requesting assistance from the city is worth-while and deserving, he admits that administering these requests, particularly as the area continues to grow, is a mounting challenge. A challenge met by a signature solution. "We support our community, but want to and can do more. We discovered there had been a non-profit foundation from the late-nineties established to process contributed funds and administer them to groups seeking financial support. We're resurrecting this Community Foundation as a conduit for community support." Just finding its foothold, Keith notes it will be a while before the Foundation is prepared to process solicitations. "We've got other projects we're working on as well. We're also establishing an Economic Foundation intended to provide an added element of economic stability to our city. The function of the Economic Foundation will be to respond quickly to needs defined by changing economic conditions in our area. As a government," he confides, "we seldom enjoy the luxury of a quick response. This Foundation will allow us, as a community, greater flexibility in developing and sustaining a diversified economy." Impressive as these elements are as mechanisms of managed growth, and though they may surprise some of us in their visionary mission, this kind of thinking isn't new to Keith. Serving, some years back with the Fire Protection District, and later, with the Rifle Metropolitan Park District allowed Keith to flex his commitment to goal setting and strategic planning. "If you have a long-term plan, you'll be less reactionary and more proactive. This allows us to dedicate resources to sound infrastructure, while preserving our ability to address other important needs in supporting our growing community. People may choose to move to an area because of jobs, schools, vital services and costs of living, but it's the community services, the programs, and parks and recreation that reflect the face of a community. As a governing body, we're not somehow separate. We are the community, and think it's important to be able to support those interests." When asked if he believes sponsorship of community events, organizations and services has enhanced Rifle as a community, Keith said, "Oh yeah, definitely! For example, last year we celebrated Rifle's Centennial. Not only was it fun for everyone, this extended event strongly enhanced Rifle's spirit of unity."
Enjoying the success of his collaboration with other Council Members, Keith
acknowledged he has not always felt so embraced. "When I first came on-board, people
were sometimes reluctant to engage me. I brought new ideas that I suspect,
frankly, unsettled a lot of folks. Previous administrations did a superb job
of holding this community together after the economic bust in the mid- eighties; but,
today's climate demands new ways of thinking and working together. Our small
city is directly affected by policy in Washington D.C., particularly through
energy policy. That calls for new expansion, broader services and introduces
new opportunities." With a modest salary of three-hundred dollars a month, it's certainly not about the money. Reluctant to call himself a politician, it's clear that Keith is, nevertheless, dedicated to the principals of public servitude. "As a teacher, pouring my heart and soul into that endeavor, I didn't always get to see the results of that dedication. Kids grow up and move on. Sometimes you get to see how you've impacted their lives – but it's rare. In working with the city, whether it's through providing vital services, or helping an organization like the Rifle Branch Library with their Summer Reading Program, or supporting the Rifle Animal Shelter, I get to see the results of my efforts almost daily." With this, his driving motivation, one might wonder about, but probably won't be surprised by, Keith's definition of personal success. "Success for me is when I can see that, though some of the efforts I've made, others experience the rewards of those activities and events I've been involved in." Our interview drawing to a close, I gathered my notes, and we prepared to leave. As Keith and I wound round the tables toward the door, a man with a friendly voice called from behind us, “Keith?” I waved to Keith as he settled himself once again at a nearby table. It was another example of how the community connects with a man who has not only made himself accessible, but lives as an example of the kind of success that genuine concern and dedication to a sound process can produce.
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Five Fast
Pathways to Sponsorship
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MARKET SHOT |
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Did you know...
statistics show that consumers generally respond better
to lengthy copy - whether in a sales letter, an ad, or in a brochure. |
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This feature encourages subscribers to write in and ask a marketing question. Only registered subscribers receive the 'submit a question' format. Three questions which reflect topics of interest to subscribers, will be selected and posted anonymously together with responses in the next edition. The automated questionnaire, below, will not appear in archived editions, but all posted questions and answers will. Have a marketing question? Ask AIMS! |
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Q. How much
should I expect to spend from my annual budget on marketing? A. Different companies have different needs at different times, and part of what determines the percentage of your annual budget will involve how much marketing you want to do and why. For instance, as a start-up, you may want to conduct a marketing blitz. If you are in slow growth mode, and simply want to maintain your current market base, your marketing needs will likely be substantially less than if, for example, you were aggressively promoting a new product or expanding into a new market. The bottom line in deciding how much of your annual budget to allocate to marketing, is to realize that your marketing investment should be relative to your growth and objectives. A rule of thumb, for many companies, however, is between 10% to 30%. |
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Q. I'm trying to think of a name for my manufacturing company but am
stumped. Any suggestions? 1.
What does your company do? Does it provide a service or a product? You say
yours is manufacturing, but in designing a name -- and quickly communicating
with a potential customer through advertising -- specifics count. Try to
communicate not only what your company does, but how it differs from your
competitors. 4. Make sure it isn't already in use! After all your hard work and before you head to the printer, ask a qualified attorney to determine the availability of the name. You can conduct at least a preliminary tradename / trademark search through the secretary of state's office and Department of Revenue (in Colorado) and the federal database, but know that results can vary based on numerous factors.
Colorado Secretary of State:
http://www.sos.state.co.us A lot of companies make the mistake of going for an "A" name, so they can secure better placement in the phone book. This is ok if you can justify it, but, it's just silly if everyone were named "AA This or that, Inc". The greatest problem with this, from a marketing point of view, is that it's so generic, and you don't want your company confused with another or forgotten altogether. Be as telling as you can without being lengthy. For example, AIMS is an acronym for Accelerated Innovative Marketing Solutions. In the name, you can tell what the service is -- but, who in the world wants to go around repeating such a long name? No one -- so, a memorable acronym which correlates with the logo and slogan helps to ensure easy verbal use. Also, and VERY IMPORTANT, a lot of start-ups experience growing pains the first or second year. Try and build flexibility into your name so, if later, you find you want to expand or contract your services or products, you will be able to do so without having to change the name. For example, tying your company's name to a geographic area can be a little awkward later if you decide to expand. Make a list of contenders following the guidelines above, then test them out on friends, family and potential customers. In the end, go with the available favorite that also makes good marketing sense. |
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Q. I worry that I'm constantly throwing money away on advertising. How in the world can I figure out what is working? This question expresses a commonly experienced frustration, particularly among small business owners. A marketing campaign should not only reflect your objectives, but, it should also be as closely relative to your market as you can possibly make it. That means, 1) discovering commonalities among those who buy your product or service; and, 2) identifying what media they share, or, in other words, where they will most likely see your message. Large companies typically identify their market through expensive focus group activities, where they can analyze a small group of participants' responses within very confined parameters, helping them to craft a highly toned campaign. Further, larger companies also benefit from larger advertising budgets which provide greater access to measurement methods and a greater margin of error. Because of budgetary restrictions, small business owners must intimately understand their market and how to connect with it. Fortunately, many small businesses serve a regional or niche national market, and, therefore, are already quite familiar with the markets they serve. That leaves you with figuring out how to track your outreach efforts. No method of tracking is 100% accurate. That's because cross-promotional efforts can unintentionally occur resulting in a contact. At that point, most business owners would rather take care of business than fret over the source of that contact. However, the more you can know about the effectiveness of your outreach the better. The single most important, and coincidentally inexpensive, thing you can do is to ask each and every customer how they heard about your business. You can do this verbally, or through printed survey cards or similar media. But, if you are shy about asking, or feel this is too invasive at the beginning of a fragile and hopefully blooming business relationship, there are more ways in which you can and should track your advertising efforts. This commonly involves 'coding' or otherwise marking each outreach effort with a special indicator. For instance, you could set up two different web pages within your website (or establish two different phone contact numbers) which are promoted through two different methods, such as a newspaper or radio ad and a direct mail postcard. If you've not promoted either of the two web pages (or phone numbers) through any other media, you can be more assured which promotional method was more effective. Another way: If you print a coupon or other promotional piece, you can attach a redemption code which you can ask for when the customer presents the coupon. And another: You can place two ads in a local paper, each associated with a different post-office box. Again, the idea is to steer responses to a specific point of contact which will offer you a means of measuring effectiveness. Ever wonder why you're asked to write "Dept. [X]" on certain commercial correspondence, or recite a code when ordering from the back of a catalog? It's all about tracking. Other times, you can calculate effectiveness by charting your volume of business. If you see a jump in sales, which correlates with a new promotional activity, yet, have changed nothing else in your standard advertising outreach, you can be reasonably assured that the increase was due to your special promotion effort. |
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AIMS |
There are 1,457 daily newspapers in America with a combined circulation of 54,626,138. Does readership increase as readers attain higher household incomes; higher education; and greater length of community residency - True or False? We'll have the answer in our next edition! |
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Alpine Soy Candles Emma Eicher, Owner info@alpinesoycandles.com PO Box 30 Silt, Colorado 970-876-5985 |
Hand-poured, beautifully crafted, all natural soy wax candles. Huge section
of scents, including exclusives! Perfect client appreciation gifts, as well
as for yourself or someone special! Spring Fling and Mother's Day
specials!
http://www.alpinesoycandles.com |
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Columbine Restaurant Reto Luzi, Owner 3004 Highway 325 Rifle, Colorado (Inside Rifle Creek Golf Club) 970-625-9201 |
Now
offering a full salad bar. Come for a relaxing lunch or dinner and enjoy our
delicious menu and beautiful views! Reservations are recommended.
Friday and Saturday night Prime Rib Specials. We'd love to host your next
party!
http://www.columbinerestaurant.net
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J and J Auto |
J and J Auto - Full-service tune-ups, brakes and shocks. Located just off
Airport Road in the Rifle Airport Commercial Plaza. Hours: Monday - Friday
8AM - 5PM |
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Jean's Printing |
Offering full-service printing, including: direct mail / 4 color or 1-color
printing / digital color copies / wedding invitations / copies big and small
/ binding / banners, and more! We do it all at "The Biggest Little
Print Shop on the Western Slope"! Hours: 8AM-5PM M-F / Sat 9AM-4PM |
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Pizzazz Players |
The Pizzazz Players are a talented local youth group who perform for organizations and private events throughout the valley.
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Rifle United Methodist-Presbyterian Church |
Rifle United Methodist-Presbyterian Church - Open Hearts, Open Minds, Open Doors. Sunday Worship at 8:30 AM and 11:00 AM
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WindSong Gallery Po Box 30 Silt, Colorado Robert Blackcloud Eicher, Artist/Owner 970-876-5985 |
Original western and wildlife oils and affordable giclee prints from
nationally known Colorado artist, Robert Blackcloud. See "Serengeti
Monarch", as featured in March '2006 Glenwood Post Independent and
Aspen Daily.
http://www.windsonggallery.com |
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and more.. |
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The Native Wave - April 2006 Edition © Lisa Bracken, 2006. All rights reserved.
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