The news
For those who are 'watching me', the news is that we did sign-up for Thomas Register again. I let management make the final call on this one. Of course we cut way back from last year, but we paid more than we wanted. Is it worth it? I'll continue to watch and see what is going on. This will be a pivotal year for TR. They will make the decision for us next year.
In related news, I got a copy of GlobalSpec's white paper on ROI. It makes some interesting points comparing quality of leads (which they feel is their strength) versus others. They do make a couple leaps of faith. They rank "branding" effectiveness of their website for your brand over a trade show. I think they do the opposite, reducing your products to commodities being compared just by specifications. Their ROI calculation form is basic, but, like all marketing, still requires multiple assumptions. And the ROI doesn't then get compared to the program's cost. If you calculate ROI as $100,000, but costs $13,000 to run, then you better make sure you can justify a 13% promotion cost and also assume that you would have never reached these people anyway (in which case the promotion is loses its value).
Of course who am I to criticize ways of calculating ROI, when we didn't even use such a method for the TR decision. I guess that is the point, we weren't paying for ROI, we were paying for image, positioning, competitive posturing, then ROI.




