News: Front Section

Suite deals: Make yourself stand out

M & M's. Typing a news release, rewarding my creativity with a few brightly colored candies, wondering how long it actually takes for one to melt in your hand. Their slogan dares you to experiment. And the logo on every piece. What a great marketing gimmick! You look at the little 'm' every time you eat one. And it tastes good. That's branding. Now look what they've done in recent years: You can customize with personal or business messages, a logo or tiny photo. Order all one color or mix and match in gift packs. Genius. Not so fast. What took them so long to think of these innovations? M & M's were born in 1941 and became popular with GIs during WW II. Mars added the tiny 'm' in 1950. They first made a dark chocolate version in 2006, and a pretzel variety in 2010. It took a giant company that spends millions each year on advertising - with in-house and outside marketing / PR geniuses - 10 years to think of imprinting the 'm', and another 50 years to think of custom imprinting and gift items. Was the person who came up with these ideas promoted with a huge bonus? What about the previous execs in that position who didn't come up with these ideas? So many years taking the plain 'm' route. There's a lesson here for all businesses. Examine your product or service every day in a new way. No matter what your business, take a chance: Replace milk chocolate with peanuts or dark chocolate or pretzels. Change your logo or packaging. Create a new slogan. Find story angles. Get into the news. Speaking of candy, I once recommended to a commercial property owner client that we advertise "Suite Deals" on office space, and attach three giant sourballs to the building. It created buzz. The space was leased. Another time, I suggested mailing Good & Plenty boxes to promote the company's "good" space and "plenty" of commissions. A good idea is worth a million bucks. A good idea person is worth even more! Stanley Hurwitz is owner of Creative Communications, Stoughton, Mass.
MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in