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	<title>Comments on: Google Study: The affluent use the internet too</title>
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	<link>http://blog.martinimedianetwork.com/2008/10/20/google-study-time-is-money-wealthy-drop-dollars-online/</link>
	<description>The Affluent Lifestyle Experts, Online</description>
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		<title>By: Lorre White</title>
		<link>http://blog.martinimedianetwork.com/2008/10/20/google-study-time-is-money-wealthy-drop-dollars-online/#comment-6</link>
		<dc:creator>Lorre White</dc:creator>
		<pubDate>Mon, 17 Nov 2008 23:28:27 +0000</pubDate>
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		<description>What luxury brands should do in bad ecconomic times.
Doom and gloomers are using this bad economic time to create panic and make money with their snake oil fixes.  This holiday season is forecasted to be as bad as the one in 2001.  Guess what, we lived through that and we will make it through this.  The immediate gratification group will have to hunker down and ride this out as the truth is we are probably only about half way through the ride.

 

This is a time to go inside.  Clean house, so to speak, as in a rapid growth period all our energies are focused outward, now it is time to look inward.  This time gives us a chance to do some house cleaning, create more efficiencies within.  Fat cat brands that had not addressed the rapid marketing and advertising changes because…… “why exert effort to  learn something new when it is easier to just drink champagne” will have to address where they spend their marketing dollar and where to invest in the next generation of web reach.  The magazine and TV ads are too expensive for what they bring and study after study shows the social media is here.  It is expected by most industry professionals that TV as we know it will be on the web within 5 years.  This rapidly changing medium requires an educated eye and an investment in the creation of the new next thing instead of lagging behind and not differentiating your brand from the others.  This is a time when Darwinism will rule as the strongest, most innovative and forward thinking that implement a strategic plan instead of shaking in their boots…..will be the one to come out on top.  Now is the time to bring in that consultant, create a new game plan, examine efficiencies internally, invest in R &amp; D, and distinguish your brand both in products and in marketing approach.  You can’t choose the economic environment but you can rise to the challenges.</description>
		<content:encoded><![CDATA[<p>What luxury brands should do in bad ecconomic times.<br />
Doom and gloomers are using this bad economic time to create panic and make money with their snake oil fixes.  This holiday season is forecasted to be as bad as the one in 2001.  Guess what, we lived through that and we will make it through this.  The immediate gratification group will have to hunker down and ride this out as the truth is we are probably only about half way through the ride.</p>
<p>This is a time to go inside.  Clean house, so to speak, as in a rapid growth period all our energies are focused outward, now it is time to look inward.  This time gives us a chance to do some house cleaning, create more efficiencies within.  Fat cat brands that had not addressed the rapid marketing and advertising changes because…… “why exert effort to  learn something new when it is easier to just drink champagne” will have to address where they spend their marketing dollar and where to invest in the next generation of web reach.  The magazine and TV ads are too expensive for what they bring and study after study shows the social media is here.  It is expected by most industry professionals that TV as we know it will be on the web within 5 years.  This rapidly changing medium requires an educated eye and an investment in the creation of the new next thing instead of lagging behind and not differentiating your brand from the others.  This is a time when Darwinism will rule as the strongest, most innovative and forward thinking that implement a strategic plan instead of shaking in their boots…..will be the one to come out on top.  Now is the time to bring in that consultant, create a new game plan, examine efficiencies internally, invest in R &amp; D, and distinguish your brand both in products and in marketing approach.  You can’t choose the economic environment but you can rise to the challenges.</p>
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