We lost a big one today: Big Electronics Company decided to pull the plug on Project New Media, a $300,000 whammy of a sponsorship with more bells and whistles than my daughter's new tricycle. It had everything: print, online, live events, Webcasting -- the works. It was the project that proved #1 Industry Magazine was more than just the leader of the pack in terms of market share -- we were a cutting-edge Publisher, ready to "deliver the leading edge in content-based marketing."
The saddest part is that our plan worked. We produced beautiful advertorials about Big Electronics Company's latest equipment. We built them a Web site with famous people using their gear. We packed auditoriums full of enthusiastic business consumers, ready to get the latest technical information about their products, and offered them a "hands-on user experience" with Electronics Company's latest products.
We delivered ROI like nobody's business, too. Mailing lists, online statistics, survey data, user feedback, banner ad stats. You name it, we had it. Then we sat down in front of Big Electronics Company with our Powerpoint, ready to get our renewal (the net cost of which had already been factored into our fourth-quarter P&L), and got the Heisman. The big "talk to the hand."
What happened?
| New Guy was in charge now, and he had other ideas about Big Electronics Company's marketing. Our ambitious program wasn't his idea, and therefore he wouldn't get enough credit for its success. |
Well, it turns out that the guy we sold this albatross of a program to got canned, walking off into the sunset with an early retirement package and a consulting job. New Guy was in charge now, and he had other ideas about Big Electronics Company's marketing. He was going to "shake up the team" and "bring in some new blood" to their stodgy, yet reasonably effective, business media plan. Bottom line? Our ambitious program wasn't his idea, and therefore he wouldn't get enough credit for its success.
I haven't told the team yet.