Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

Monday, May 07, 2007

The Right Channels to Your Customer

The Pew Internet & American Life project has published a new study about the growing digital divide across America. According to John B Horrigan, 31% of America fit into the Elite tech user category, but almost half (49%) fall into the category of 'few Tech Assets'. So for all the hype about Web 2.0, many still do not use it or even care to use it.

Obviously age and other demographic differences play into how people slot into the different groups, but still, in an age where internet advertising is growing rapidly, are companies leaving a large portion of their consumers on the advertising table? There are more channels than every before to reach consumers. As a business, its important to not just follow the hype about internet growth. Be sure you understand who your customers are and how you can best reach them. Second - treat this as an opportunity do draw these customers into a meaningful conversation through new media channels. If they see value in using more interactive channels provided through Web 2.0, they they will begin to use them.

Thursday, April 26, 2007

Marketing is Social

I was reading through a slide presentation posted by Stowe Boyd that he presented recently on social media . Although I didn't see/hear the actual presentation, one of the slides in the deck really jumped out at me, and I thought it would be worth posting here as we rethink the way business works in the new economy.
In essence, make marketing a social experience with your customers to build better, stronger relationships instead of focusing on how to sell them more of your product offering through gimics. In todays economy consumers have more choice than ever before. This choice coupled with decreased brand loyalty and ever faster comoditization will drive companies to become better listeners. Treating customers like partners through authentic interactions will create lasting relationships and company longevity.

Tuesday, April 24, 2007

Twitter For Marketing

On a previous post about Twitter, I stated that people would begin to come up with ways to utilize this tool for business purposes, and today I came across a post on the blog Influential Interactive Marketing discussing 4 interesting ways in which twitter could be used for marketing.

  1. Capture the live pulse of an event
  2. Deepen a static experience through live commentary
  3. Facilitate collaborative watching
  4. Add a new dimension to promotions
To me, rethinking the use of Twitter for specific applications such as these will help it move from being a passing fad into something that will provide enjoyment, community and business value.

Monday, November 06, 2006

Stimulating as Black Coffee

I came across this quote this morning:


"Good communication is as stimulating as black coffee and just as hard to sleep after."
--
Anne Morrow Lindbergh, aviation pioneer, writer


This exemplifies why new media options used to create meaningful two-way conversations with your customers (eg. Blogs) are powerful marketing tools. One-way marketing puts your customers to sleep, two-way marketing gets them engaged.

Friday, September 29, 2006

Corporate Reputation on Wikipedia

Wikipedia - The free enclyclopedia that anyone can edit. It is what brought the concept of wiki's to the mainstream. The long tail of content. A great example of a disruptive business model, that will likely kill most of the current encyclopedia companies. Not necessarily definititive or 100% correct, but most often close enought and at minimum an excellent place to start research on a topic due to the breadth of content. See the statistics.

In reading a blog article today, there was a link to a company website and beside the name there was hyperlink [company name] (wiki) in brackets. This link took me to the wikipedia page for the same company. Not out of the ordinary - I have came across many company pages before in specific searches but it struck me today in seeing this additional secondary link that wikipedia in addition to being an online encyclopedia, is now yet another marketing channel for a company, but in this case it is one that the community controls. As a company you may see this as good or bad, but nonetheless, if you are not already on top of this you need to be. So what should you do?

  • The first thing you will want to do is search your company name to see if there is an entry. If not, it probably makes good marketing to start thinking about creating one before someone else does. Unfortunately, no matter how closely your legal team scrutinizes the content, it could change tomorrow as the community seeks to keep items 'current' or 'correct'.
  • Assign at least one person to manage this new non traditional 'channel' to the consumer. Its not just about making sure there is appropriate and accurate content, you need someone that will immerse themselves in the wiki community and culture that they understand how it works, and can make appropriate recommendations to management when issues arrise. We are in a world of consumer generated and consumer controlled content, and every company needs to understand how to play in this environment.
  • If there is already an entry, you better review the content looking for innacuracies, and possible new content that could be added. Then start contributing and watching the article for changes and especially vandalism.
  • Understand how disputes can be resolved using the community.
  • Consider ways in which this channel can be used to better inform consumers about your company and what it has to offer. For example, what other topics in Wikipedia could or do currently reference your company, and take steps to make these changes.
  • Think about ways to not only watch when content has changed on your company page by external contributors, but what kinds of changes are being made, and what does this say about users perceptions about your company or the brand?
Other considerations or comments welcome!
By the way - this is just the begining of new media channels that companies will need to be aware of. Once you have a person primed in the wiki community, next comes Secondlife, which ads an entirely new dimension of culture and branding.