CodeWeavers' Lame Duck Presidential
Challenge Scores Huge ROI
Campaign Shows Earned Media + Interactive Spend in Down Economy
Pays Off
Given what's happening with the economy, marketing/PR
pros are seeking cost-effective ways to spend their PR/marketing
dollars in 2009. The Haberman team lives in the world of
earned media, and there's never been a better time to spend
money on public relations and social media/interactive
programs.
Nowhere is this more apparent
than a story we just developed and told for software
developer CodeWeavers. Challenged to create awareness
for a product few people know about and drive trial among
key, motivated influencers, we presented the Great American
Lame Duck Presidential Challenge, a massive product-giveaway
hinging on President Bush's ability to affect positive
change in his administration’s
waning days. In this case, the trigger was average gasoline
prices dipping in the Twin Cities to $2.79 a gallon October
27. Our guerilla effort yielded:
--650,000 downloads valued
at $45 million dollars – expanding
CodeWeavers’ existing customer base by 400 percent.
--50,000 YouTube views in 24 hours of a video updating
the public on the state of the phenomenon. http://www.youtube.com/watch?v=F6D8voHFoz4
--Intense blog and Web activity on sites such as Digg.com,
Twitter.com, Slashdot.com and others. http://digg.com/software/CodeWeavers_giving_away_all_software_Tuesday_Oct_28th
--Triple the number of visitors to Codeweavers' site compared
to this time period last year; well over 1 million visitors
visited the site in one month alone.
--650,000 emails of new motivated evangelists who will
likely refer the software to friends. (Blog reviews from
this group have been very positive.)
Our interactive storyteller, Nathan
Rice, said this is
arguably more software downloads in 24 hours than any other
company of this size in history. In accomplishing Codeweaver's
goal, we also helped spark both short- and long-term sales
by creating buzz among influencers who will refer an innovative,
superior product. If even a fraction of these new users
renew after one year, the ROI is huge. For instance, if
5 percent of participants renew (32,500 copies) at $70
per copy, the payoff is $2.275 million.
As Codeweavers, the Obama campaign and multiple other
social media success stories have shown, organizations
are now able to reach consumers directly in unprecedented
ways. What must remain unchanged is the lens through which
we tell our clients' stories: truth/authenticity, value/relevancy
and the knowledge that the story is about your customers,
not about you.
Fred Haberman, co-founder and
CEO, Haberman & Associates
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