Digital Media and the Branding of Downtowns: Strategies for New Business Development Using Paid, Owned and Earned Media November, 2013 | Page 26

CONCLUSION Marketers have less control over their messages than they did just a few years ago. Online conversations have democratized communication, enabling the consumer to shape the discussion. These empowered consumers can help reinforce and amplify your marketing efforts. The first, and perhaps most important, thing you can do as a marketer is to figure out what differentiates your downtown district from all the others. Is its location exceptional? Does the local culture allow for a specific type of business to thrive? Take a step back, do some research and determine what your town does better than any other. Before you can use the new digital tools to spread your message, you need to define exactly what the message will be. With this brand in place, it’s time to strategize. Who am I trying to target with my message? Which media are they most likely to consume? How do I reach him/her? Once you’ve determined where your consumer is most likely to be, take advantage of paid, owned and earned media to target them. Begin with a great website that is intuitive and attractive. Using the hub and spoke marketing model, you can use other media to bring consumers to your website. Like an airport hub that has planes coming and going throughout the day, your website is the “home” for all marketing messages. Paid media include digital versions of traditional advertising such as online display ads and paid search ads that deliver visitors to your website. Owned media includes digital sites you own and control such as your website and messages sent thro ugh email. Earned media is the electronic version of word-ofmouth advertising. Not only is it free, it’s usually more valuable than ads. An objective third party simply has more influence over his/her circle of friends than you do. The tools will continue to evolve as new platforms become available. With your message and strategy in place, you’ll be ready to incorporate the changing media landscape into your marketing efforts. We’re living in an age of disruption: the media that ruled the marketing landscape for decades have been disrupted by new media that are more nimble, targeted and cost-effective. We have greater access to communication tools than we ever have. Paid, owned and earned media can’t build a downtown on their own, but they can contribute to a positive atmosphere of innovation and sustained growth. Listen to your consumers, tailor your message to reach them and position your downtown to meet their needs. Managed strategically, digital media relationships can provide you one more advantage as you look to make your downtown the best it can be. Page 26