marketing

Don’t Forget to Ask Women for Direction(s)!

In this new social media marketing world — where it’s less about demographics and more about relationships — one demographic still clearly matters:  WOMEN.

Women control 85% of household spending, and (according to Bank of America Merrill Lynch)

in 2011, women’s earning power will recover from the recession far quicker than men’s earning power will.

These numbers are good news for marketers, but they need to come with a strong CAUTION statement:  just because women are a strong purchasing demographic does not mean we can pay any less attention to the relationship work required to make and keep our brands highly relevant to women.

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How do *You* define ‘Best Customer’?

Seth Godin has it exactly right when he asks in a recent blog post, “…what if you define ‘best customer’ as the person who brings you new customers through frequent referrals, and who sticks with you through thick and thin?”

In other words, what if we define “best customer” as “strongest Brand Advocate”?  How would that change the way we think about and treat our Brand Advocates?

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The Antidote to Negative Commentary

As much as we might not want to admit it, something negative about our brand will be said sometime by someone in a social network.  It might be due to a change, or something out of the brand’s control or only one little misstep in many months, but chances are, that unfortunate experience will be shared.   Such is the nature of information-sharing through social networks.

But it’s that same nature of social media that also gives us a powerful antidote to negative commentary – ENGAGEMENT.

We might be tempted to cover any negative feedback with a huge push of positive messaging, stating and re-stating how wonderful our products and services really are. This attempt at damage-control, however, does little if anything to protect our brand reputation.  Whether or not our products and services are usually terrific doesn’t matter to the person who had a different experience with our brand, nor to those closest in their social network.  What matters to them is the one unsatisfying experience they had.

This is where engagement becomes vital.  We can stay disengaged and pretend nothing negative was said, but ignoring those comments won’t keep them from spreading quickly through various social networks.  If we choose instead to engage with the consumer(s) making those comments, we have a huge opportunity to help positively change the perception of our brand.

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Why you may want to know what a wikibrand is

All of you wonderful marketers, public relations, advertising and communications folks out there who have a lock on and already have a dialed in plan for social networking and the impact it will have on your brand and/or business need to read no further. For the rest of you, I suggest you may want to learn what a wikibrand is.

After beginning the book with a short history of on brands and the phases of brand development since 1860, co-authors Sean Moffitt and Mike Dover compare the period of transition to social we are now currently in, to the Mad Men period of transition from radio/print to television.

But the power to be gained by transitioning to a wikibrand mindset really comes from recognizing and developing a better understanding of, then leading your organization across the Marketing Divide (see below graphic). Even more importantly, the book explores how marketers, through leading the migration across this divide to a social future, have the opportunity to again elevate the marketing function to it’s rightful place leading the parade of an engaged and dynamically connected company and it’s community of customers.

The Marketing Divide

Not sure if this is another Mad men reference, but the authors also lay out and detail their FLIRT concept which represents Focus, Language and content, Incentives, motivation and outreach, Rules and rituals and lastly Tools and platforms. This represents the construct Moffitt and Dover recommend to build out a wikibrand and I will leave it to the authors to further convey as they explain fully in the book.

Once you’ve mastered the concepts around flirting, it’s time to get your wikibrand show on the road with what they describe as “Incubating Your Wikibrand Community” including sharing insightful methods for community development, internalization, management and of course measurement & metrics.

Wrapping up, in his Foreword to the book, “Reinvention of the Brand” Don Tapscott suggests this may be a seminal work and I tend to agree. I say this because too many marketers out there are still treating social as an oddity and handling it with their kid gloves. If Wikibrands does nothing else(and it does), it should through the logical analysis and evolutionary brand progression provided, lead marketers still offside with social to the realization that it is far from an oddity, but rather a portal to our emerging future.

Jeff Ashcroft

@TheSocialCMO

Full disclosure: For purposes of transparency, we did receive a review copy of the Wikibrands book.

Don’t Simply Ride the Social Media Wave… Guide it with Strategic Intent!

Social media is hot, hot, hot, and it can be tempting to just dive in and ride the social media wave without any specific plan.  That’s a great way to guarantee misjudging the swell and getting tossed around underneath the wave.  That’s what social media marketing without strategic intent will get you– possibly a few lucky “rides” for your brand messaging, but also a predominance of mis-steps and wasted time and effort.

Now that more businesses are getting on the social media marketing bandwagon, it’s no longer enough to just include a generic “use social media for marketing” line item in your brand growth strategy.  You need strategic intent. Gary Hamel defines strategic intent as “An ambitious and compelling dream which provides emotional and intellectual energy for the company and defines the journey to the future.”

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Women’s Online Communities Powerhouses of Trust

It’s becoming more and more clear that women’s online communities are the true powerhouses of trust.

Social networks have their place, but it’s the online communities that women trust the most for brand and product referrals.

New research not only backs up that claim, but hits it out of the park.

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#MarketerMonday with @JeffreyHayzlett on Social Media, Crowdsourcing & Change

In just a few hours it will be #MMchat time again and this week our SPECIAL guest will be none other than @JeffreyHayzlett for this Monday January 24th at 8:00pm eastern!!


The topic for our chat tonight? Is your business breathing in 2011? Social Media, Crowdsourcing & Change. We look forward to Jeff’s insights and on these based on his previous experiences at Kodak and as a cowboy.

Hope you’re all as excited as I am to have @JeffreyHayzlett join us and that you will all make the time to be with us tonight, for it truly is all of you who make #MarketerMonday Chat matter!

Remember #MMchat makes Mondays MARVELOUS!!

Cheers

Jeff Ashcroft

@TheSocialCMO

Step aside, Aspiration… INSPIRATION is the way to go

Forget Aspiration in the years ahead… the new challenge is to give customers INSPIRATION for your brands and products.

I’m not suggesting we throw away our sales and marketing goals (aspirations), just that we give more value to the concept of INSPIRING our customers as a valid marketing tactic.

If your organization’s internal focus is on easily-measurable metrics, that’s the message that will leak out to your customers – that each customer is just another number toward your goals.  If your focus is instead on INSPIRING your customers, they will feel that difference and want to engage with your brand and your products.

I state this as a challenge because it is not easy to inspire someone, especially when the digital atmosphere is overloaded with competing messages now that brands can so easily share their messages through social media.  Your brand needs differentiators now more than ever, but if you can INSPIRE your customers, you will get – and keep – their attention.

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Fences make good neighbors

Fences make good neighbors — even in the social media world. 

 Too many brands assume that the most effective way to market in this digital age is to use social media to post and tweet as many marketing messages as possible to the widest range of potential consumers across the greatest number of social networks.  Spread the word to anyone and everyone, and hope someone believes enough in your message to create a connection and become an advocate influencer for your brand.  

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Does your product pass Social QC?

Advocates are a whole new type of quality control: social quality control.  

If your product is fantastic, when identified and energized, your Advocates will spread the word like wildfire. Social networks and traditional word-of-mouth will start buzzing with your product, and sales will reflect your Advocates’ delight.

But your advocates won’t try to get someone to buy your sub-par product, and they certainly won’t apologize for you or your product.  Don’t try to make your Advocates do that work for you, because they won’t…and they shouldn’t have to.

The sale starts with your product, not your Advocates; your Advocates are simply the reward you get for ensuring your product is and does everything you promised it would (if not more!).  Your strongest relationships are built on trust – trust that your brand is committed to producing quality products and services – and if you don’t deliver that top-notch product, that essential trust is quickly lost.  Along with the sale. 

You might be tempted to use social media to over-highlight the best parts of your product in the hopes that the disappointing parts won’t be noticed.  But even the best social media relationships can’t perform magic… they won’t make up for a less-than-great product.

However, the good news is that when your product is strong and does carry through on your brand promises, advocates, through their social media relationships, can skyrocket your product sales.  Advocates engage, word gets out, and sales happen.  As Seth Godin said in his recent blog post, (Consider the category of ‘without apology’) “People will go out of their way to buy and recommend products that don’t require an apology.”   They will go out of their way for you.  Because they want to… because your product is what it is supposed to be and has passed Social QC.

Don’t waste your time trying to hide your product flaws.  Invest your time in making a flawless product, and give your Advocates something to get excited about!

Ted Rubin

If your product is fantastic, when identified and energized your Advocates will spread the word like wildfire.