10th January 2012

Business marketing misconceptions

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Misconception 1:

“Sales is marketing”.

No! It’s sales.

Sales always involve people talking to potential customers. Marketing, (particularly on social media) on the other hand, brings people into your ‘funnel’ so you can later sell to them. Ideally after you are positioned as the expert.

Misconception 2:

“The kind of marketing done by corporates is the same as what SMEs need.”

Complete rubbish, but believing it will just waste your hard earned money. Almost equivalent to buying a yacht—just a hole that you pour money into which quickly vanishes. Something I know from personal experience!

For a large company, their advertising and marketing focuses on building a brand and broadcasting that image into the marketplace. They do this because:

1. It builds the profile and recall of their brand so people will more likely choose their products or services

2. It pleases the board of directors and senior management who like most people know little about marketing. But they sure have strong opinions and have clout to get their way.

3. It wins awards for advertising which makes management feel good

4. And at a distant fourth spot in the line, because they want to sell something!

The marketing departments in big companies have a real battle on their hands if they want to create marketing that is effective. Now, if it’s hard for them, it’s impossible for an SME. Brand marketing is very expensive which just makes it ridiculous for small businesses who don’t have big budgets to blow on hit and miss campaigns.

Or the money to spend on something as vague as ‘raising ones profile’.


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5th January 2012

Advertising visually

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Good words will work without pictures. But pictures add the zing to copy.

Pictures help break up large amounts of text and make a piece more visually appealing and effective. If you use in your copy, make sure they’re the best pictures you can find to suit your content. Beware of the stories that pictures tell all by themselves regardless of what your copy is saying. Be careful they don’t undermine your message—easy to do in social media marketing where images are everywhere.

Here are the 8 keys to using pictures effectively:

  1. Don’t use photos from ‘politically correct central casting’. You know the ones—sharply dressed, late 20’s, sitting in a high tech office; one black, one white, one brown! Tragic.
  2. The picture needs to suit the pitch, your message.
  3. Use a picture to tell a story, not just because you like it
  4. Use specific captions for all of your pictures
  5. If a picture is unsuitable for whatever reason, just don’t use it
  6. If you want to encourage trust, have a picture of someone with their family, their kids or with their dog—family values encourage trust
  7. As to where to place pictures on the page, look at where everyone else is placing them and do the opposite. You’ll stand out
  8. Have someone who is not involved in your work have a look at the copy and the picture together. Ask them if the picture completely suits the copy, or if it undermines it in any way. If they say it does, listen to them! Don’t just use it because you like it

Finally and most importantly: If the picture is on a website, put and alt tag in using your keywords.

Yes, they tell a thousand stories. Be sure you tell the right one.

 


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3rd January 2012

Grey Hair + Spiky Hair = Magic Marketing

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Good marketing always needed experience, some grey hairs. To know what worked in the past and why. What failed, and why. With enough diversity in that experience to understand how this latest situation might be different. Why it could work if we gave it a little twist.

Enough experience to be able to put the constant new stuff into context, into perspective. To see the flaws in the flood of books from the instant experts on Social Networking. To see the impracticalities.

It’s 45 years since I started my first business when I was 14. And I’ve since worked in 6 different countries. And analysed and advised well over 800 companies in that time.

But, in today’s world of technical wizardry and globalisation, you need the other half of the equation ….

The smart young people who grew up with technology and constant change. Who love it. Who automatically challenge everything and constantly ask questions. Who constantly follow links and ideas to see it where it takes them. We have over 20 of them – it is a critical part of staying ahead of the game.

The combination of grey and spiky is exhilarating. A lot of fun. And incredibly fruitful for our clients.

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17th December 2011

OK, Social Media works. But who’s going to implement?

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In the large boardroom of a large Corporate presenting to their senior management team. On all the ways they could transform their marketing and save a million or so by not burning their dollars on ‘Random Media’ (i.e. mass media – newspapers, radio, etc).

And one of them was looking a bit unhappy. And when I asked for questions, she said: “OK, can now see this Social Media stuff could work for us, but we just don’t have the time to implement it. To get any meaningful results will mean us giving up a chunk of our day jobs!”

And that’s what sparked this article. I realised that she was used to marketers standing up and presenting lots of ideas. “Re-position the company” “Run advertisements” “Grow ‘awareness’ using Random Media”. All the old stuff that the ‘Tell and Sell’ school still do.

But, following the boardroom presentation, she realised that Social Networking means engaging. That real people have to get involved online to talk to prospects and clients. Real people who are smart, who know the business. Particularly important in BtoB where you are talking to other business people.

We realised 3 years ago when we launched Lead Creation that marketing on Social Media was very time consuming. And that if we were going to change how companies did their marketing we had to be different. We couldn’t just tell people what to do and then send them a large bill. Or pretend that Social Networking just means putting up a profile. And building a list of fake followers as the ‘Tell and Sellers’ so often recommend.

We had to implement it. And that needed a number of things including a large team of very smart, very talented young marketers.

But Social Media is so very time consuming to do it well. So we needed to develop a new labour force: a regular supply of the smartest interns from around the globe. From the best universities, and who stay with us full time for at least 4 months, and sometimes 12 months.

Who work for free. So our clients can afford to do social media. And lots of it, and so realise how effective it is and cancel the last of the Random Media ads.

Very pleased that that was their only objection. Easy to overcome given our business model!

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16th December 2011

Why does Social Media work better in B2B than B2C?

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Most people who work in B2B believe the complete opposite. That Social Media/Networking works better in the consumer world. And many think it’s just for selling consumer items to young people or to housewives on Facebook.

But there are strong reasons why Social Media is so powerful for companies that sell to other businesses:

The field is empty, it is all yours! Most B2B marketers ignore it, so you don’t have a lot of competition crowding you out. So it is easier to build a high profile. And you have the opportunity to be the first to build a community of your customers.

You are not selling to a business. Even though it’s B2B, there’s always a ‘C’ on the other end, you are selling to a person. And most of these buyers of what you sell are on the big network built for business: LinkedIn. So, with the right strategy, you can gather them together. And engage them. And then sell to them.

The sales cycle is complex and longer for BtoB. So you need the ability to engage with prospects over a long period of time. Social Media/Networking gives you powerful tools for free. And your prospects update their own records: it’s your self-updating CRM

We are in the first stage of the Social Networking Age. And many of the ‘experts’ advising businesses are refugees from advertising agencies. From the world of ‘Tell and Sell’. So they migrate these techniques to Social Networks. So wrong. It is about engaging, about starting relationships. Tell and sell doesn’t work, adding to the perception that these tools won’t work in the B2B world.

So, the field is open for all of you in B2B. On your marks …

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9th December 2011

TRUST IS COMING FULL CIRCLE

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For a mere blink in time, just a few hundred years, humans have lived in cities. And became mobile.

So the forces compelling us to be trustworthy largely vanished:- proximity and knowing you were stuck with the same bunch. Stuck for life.

Why is trust coming back with a giant roar?

Giant social networks and their millions of connected groups are shrinking the areas of shadow. Shrinking the areas where a person or a business could be anonymous. And so not accountable.

What does this mean for people in business?

You need people to stand up and vouch for your services. Vouch that you can be trusted to do what you say you’ll do. And of course those vouching for you come with their contact details, so we can vouch for their credibility in turn.

To be a leader in your field you again need to be trustworthy. The huge difference is it must be verifiable online, in many different communities. Not just your village.

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4th October 2011

For sales in B2B: Social Media or Social Networking the goods?

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The confusion about social technology largely hinges on the confusion between these two terms. And this confusion largely accounts for the slow takeup of Social Networking by business.

The two technologies are radically different. Though they both will have, and are already having, major but different impacts on the world. Now clearly the two technologies overlap. For example, there are elements of Social Networking in Twitter, given that people have followers and those followers can communicate together to some extent. And there are elements of Social Media inside Facebook and LinkedIn – e.g. status updates (tweets by another name!).

But here’s the difference:

Social Media is simply a media distribution tool or mechanism. There are numerous social media such as YouTube and Twitter and Flickr, with hundreds of others fighting the war for dominance. Typically, Social Media are the tools that are used by the old style ‘Tell and Sell’ broadcasters who have come from the old advertising industries.

Social Networking is very different and is way more powerful and significant in its impact. It is about connecting and engaging with people of value to your business, not the diffused strategy of disseminating content to a mass audience. It is about developing direct relationships with your prospects.

It achieves this because it addresses our fundamental human need to belong to ‘tribes’ — the fundamental herd instinct that drives us all. Today, we call them Professional Customer Networks.

Social Networking, using the tools of Social Media to help it, is changing the world. Forever.

 

 

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13th September 2011

Technology and Networking – Everyone’s Confused

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Is it any wonder people get confused when Journalists write the most appalling articles? Especially in credible mainstream papers like the Wall Street Journal?

Marketers and networkers know that face-to-face is where real connections are made. That’s a given. But to write an article that criticises online networking using profoundly flawed logic only adds to the confusion.

In a recent WSJ article about the role of social networking in the socialising arena, Jonah Lehrer had this to say:

“…business travel has dramatically increased since the invention of email. Attendance at business conferences has spiked since the invention of videoconferencing. ”

Excuse me? There could be hundreds of reasons for business travel dramatically increasing. What has it got to do with email? What a fantasy!

And videoconferencing?

Frankly, I would argue that video conferencing, until very recently, has been expensive and inconvenient. And even as it gets better, like all new technology, it requires people to change their behaviour. That takes time. And until they do, there won’t be a “tipping point.” However, the glib statement made by Jonah ignores the elephant in the room: the huge reduction in the real cost of air fares between all main business centres.

You might as well be saying that business travel dramatically increased despite the rising prices of bananas. It’s about as relevant and related as thinking emails sparked the rise in business travel.

He goes on to say that “Businesses still pay hefty rents to be based downtown.” (In Australia, this means the “central business district.”) As though that proves anything about the value of online networking! Surely tradition and good old human inertia contributes to the popularity of the central business district. What about the existing transport hubs that were built to service “downtown”?

Further, Jonah declares: “[Google+] will focus on becoming a better supplement amplifying the advantages of talking in person.” This is a false dilemma.  Just like the classic ‘diemma’ that Hitler gave to the German people back in 1932 when the country was in chaos. That to fix Germany it was either the Nazi’s or the communists – totally ignoring the moderate choices in between.

In the same way, Lehrer’s article prompts a view that completely misses the vibe of online social networking.

Whoever said (as John Citron commented on the WSJ article) it had to be a supplement for face to face networking?? Surely it’s a complement!

There’s enough confusion in the world about these new technologies as it is. We don’t need more fuel to add to the smoky haze already surrounding the topic.

Jonah’s article can be found here: http://online.wsj.com/article/SB10001424053111903341404576482431024246652.html

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30th August 2011

How to make your business Delicious!

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Businesses cannot simply make a Delicious account and start bookmarking their own website/blog or any other random website relating to their business field. That’s not being strategic, and is unlikely to be effective. You could even call it lazy? People will not bookmark your website simply because you’ve bookmarked there’s. The number one priority in using Delicious as a promotional tool is to give your visitors a reason to bookmark your website. Below are the first three steps each business should apply when first using Delicious.

Step 1: Create a blog

Company websites are great at providing information about your business online – anyone can access it from anywhere. The downside is that no one’s going to bookmark your website if the content isn’t worth coming back too. If your website looked the same all year round, and had the same content, would you bookmark it? Probably not.

What you need to first do is create a personal blog – it can be on an entirely new domain (with links to it on your company website) or placed on the first page of your company website. Blogs are fresh, continually updated and can provide information, opinions or advice in each post. This content creates an incentive for visitors to bookmark your page in their Delicious account – it might have some useful information worth coming back to. Because blogs are continually updated on a daily/weekly basis this means there is also a higher chance of repeat traffic to your blog.

Step 2: Simplify the bookmarking process

I know sometimes I am fairly lazy with bookmarking. I have to copy the URL, log into my Delicious account and then paste the link. Sometimes I even sit there weighing up my options – is this page worth going through that tedious process of bookmarking? Silly I know, but it happens. So the best thing to do is to make this process easier for Delicious users.  Official Delicious buttons, badges and links can be placed at the end of each blog post for easy bookmarking. With a simple click of a button or link, users can easily and quickly save your page without having to copy and paste! For avid Delicious users most of them would have either the Delicious Google Chrome Extension or Firefox Add-on incorporated into their browser. This is even a quicker way to save bookmarks as users’ logins are automatically saved for next time and visitors simply click the extension/add-on button while on the page they want to save.

Further motivate your audience to bookmark your posts by adding the Delicious Tagometer to your blog page. With this badge it is easy to show both the tags and the number of saves your blog has received. The more bookmark saves you have the more interesting and attractive your blog appears to be, and the more trustworthy and valuable your content is. More bookmarks equate s to more visitors which equates to increasing your online presence. That is the goal after all isn’t it?

Step 3: Network, Network, Network!

You’ve created a blog, continually update it with useful information and links and you’ve made it easy for visitors to bookmark your posts. What’s next? Unlike the two steps outlined above which were one-off processes, step three involves networking, a process you should do continuously!

Building and expanding your network is vital if you want to reach potential clients or conduct market research on your target market. The social aspect in social bookmarking is useless to businesses – we are not there to make friends and access all their bookmarks. We are only interested in one thing – connecting with those in your business field in order to increase the exposure and recognition of your company and to create valuable and strategic connections. Delicious users are notified when you have added them to your network and consequently they may choose to add you too. Get out there and connect with those who are more likely to be interested in the content of your blog and likely to bookmark it. Slowly your blog will be added to other Delicious users’ bookmarks; if they are a part of other networks your bookmarked blog will be shared with those in the network too. It’s an endless cycle that could be used to your advantage.

 

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28th June 2011

The Death of ‘Sea Changers’

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There has been a huge movement in the developed world of professionals who are Green or Sea Changers. Many of these are professionals who are able to work remotely, giving them the option to move to beautiful, more remote areas. Either green and peaceful, or close to the sea.

These people were typically well educated and wanting more out of life. Starting maybe 20 years ago, they came to see that they were able to work remotely and still deliver a good service. Examples included designers of all sorts, writers and of course, software developers.

So, why the death of sea changers? Well, because they could work remotely meant others could as well. Including those in low cost countries with well-educated work forces. And it doesn’t matter whether you are 500 kilometers away or 5,000 when you’re working online. This outsourcing overseas has exploded in the last 5 years via great web services like Elance and oDesk.

So, these refugees from the big smoke are going to feel increasing resistance to the level of fees they charge. The low-cost countries will soon drive down the prices to levels where it is no longer profitable for someone in a first world country to work remotely.

And yes, this article will get many business people saying “we tried overseas suppliers; it didn’t work”. For many people it hasn’t, but that’s because there is an art to overseas outsourcing, it is not something you can just dabble in. Nor is your selection of suppliers just about price. That said, many of us who buy these services get huge value already, and many more are buying each year.

The writing is on the wall if you are someone used to charging $100 an hour for a service that someone with the same qualifications working for clients in leading first world countries charges just $30 for. For many, it will mean returning to the big smoke, getting close to their clients and leveraging the services of the overseas workers to increase the value of their offering.

This will have a big impact on real estate prices in those towns. But also, it is the end of the dream for younger sea changers. Have to leave the nice spots to the retirees!

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