Rethinking how we communicate, collaborate and innovate
In: Marketing
16 Aug 2009I have been busy reading these crazy things called books lately – yes the ones made of paper.
I have become reinvigorated with the fields of sociology, branding, advertising and something called behavioural economics. Though I believe far too many companies are over invested in advertising and under invested in actually investing in initiatives that drive revenue, I don’t think it is Advertising’s fault we have just forgotten why we turned to advertising in the first place.
Advertising is about increasing brand equity to help differentiation products and increase awareness of the product so that if we find ourselves at the counter we just might choose that brand. Advertising is not about reach and the CPM. Just because you can shout louder doesn’t mean more people are listening.
What I want to do is reach the right people at the right time, communicate more than just a set of brand attributes and provide value.
We need to rethink our preconceived and indoctrinated notions of marketing, advertising and get back to realising consumers are people with needs not numbers.
At the same time we can’t throw out the world of metrics. If anything there is an opportunity to start quantifying the previously immeasureable value of interactions between people previously coined as customer service which is becoming the responsibility of every part of the organisation.
This is by no means a comprehension post, merely a rant to update the world on what I am thinking and working on.
I am working on something big, a project that will attempt to bridge the gap between social capital and advertising but more on that later.
In the meantime, I recommend you pick up the Paradox of Choice by Barry Schwartz, Predictabilty Irrational by Dan Ariely and watch the video below.
In: Marketing
28 Jul 2009
I often get the question posed by businesses of many different sizes about whether a blog should be a part of their business strategy.
Blogs have been hyped up for many years as everything from the doom bringer of traditional media to a lead generation tool for small business, however in recent years they have been downplayed in favour of the fresh buzz surrounding newer tools such as Facebook and Twitter.
Now that the dust is settling I think we can really take a clear look at what role each tool can contribute to the overall marketing and brand strategy.
From my experience with managers of businesses large and small with a plethora of different target audiences I have noticed two prevalent issues.
This is not necessarily a bad sign but rather a sign of the lack of knowledge of a still relatively new and misunderstood tool for business.
Let’s be real here, a blog is not mystery bottle of social media magic, it is a part of the web and often would be indistinguishable from what we know as a ‘website’ to the average internet user. Blogs can take on many different forms and functions and it is misleading to group them as tools such as Facebook and Twitter.
In fact a blog can be an important way of satiating Google’s indexing algorithms need for frequently updated content raising the traction of the rest of the website.
The way I typically explain the differences between blogs and a corporate website are:
Your website is the front door, your blog is the board room table
The most common differences are
A blog allows businesses to frequently update visitors on new developments, articles, tips and even new products or services as often as they need to with little to no marginal cost and limited knowledge of the technology. For small businesses they can effectively become their own publishers.
The role of the website is often a destination where visitors can quickly learn about the products, people and services behind a company however that only serves to answer the ‘Who and What’ of the marketing mix. The blog is where people go when they ask “Yes, I can read your marketing copy but what you guys really do?”
A blog is an important part of the marketing mix where businesses have the most creative control of the medium to really flesh out their brand identity. Business can use it to leverage media mentions, interview members of their community and share their expertise of their product and industry.
The expertise, tips and updates, branding and open door invitation conveyed through a corporate blog are not isolated solely to blogs. If implemented appropriately, it is just quality content displayed on a different medium however the majority of users will not look for a blog, they will look for good content.
The question is not, should my business have a blog?
The question is – does our business have knowledge to share or a story to tell and would our clients appreciate our expertise?
If the answer is yes, then a blog can be a viable solution to reach out to more customers, increase traffic to your online presence, retain relationships with your customers and increase brand awareness.
Photo credit Industry is Virtue

I am a marketer that is invigorated and driven by the possibilities and opportunities of the online world. I look at it as an opportunity to quantify what we haven’t understood for years – attention, comprehension and the very fabric of our social interactions with each other and how that leads to buy into a brand experience.
The opportunity is in quantifying what was previously immeasurable not defending the new ‘immeasurable’ territory of social media.
Freemium isn’t an excuse to not make a profit, the brand experience does not supersede the need for results and finally coolness should not play a role in real business strategy.
Let’s not get carried away here. Slow down and don’t fall in love with the technology (email is still my bread and butter). It is still just a tool and has to be a part of a thought out business strategy with an laid out scope, objectives, expectations and yes, limitations.
At the end of the day your social media campaign needs to lead to someone picking up the phone and saying hi or walking down the street and thinking about the brand differently.
If that isn’t a part of your social media strategy, then you are a hobbyist (similar to day time television enthusiasts) not a social media expert, strategist or guru.
Lets not fall in love with the shiny and glittery things, there are huge opportunities to use these tools to make a real impact in the business world. How about we don’t put them to waste?
Photo credit Hubspot
In: Marketing
15 Jul 2009Have you ever tried a product where you have thought “They couldn’t give it away if it was free”. Though it has been commonly associated with products of a substandard quality, we are starting to see that in any given product category companies are competing with newcomers who offer a similar even superior product for free.
However unless you work for a government agency or a university, you can’t just create or sustain an initiative just on an whim of an ideal.
Businesses do not give away their products for free, there are bills to pay, mouths to feed and accountability to shareholders. The evolution of *free does not throw the pursuit of revenue out the window, it merely is shift in where the revenue comes from.
Free is not a radical new business model but a tried and true marketing strategy that has been pivotal in the adoption of iconic brands for over a century.
Companies package free into every single product we buy. Banks, governments, retailers, television shopping channels and manufacturers have all been using free as a marketing strategy long before the seemingly insane Google bundled unlimited video, email and office applications away for free.
RBC recently gave away a free netbook with a new account, governments give subsidies to farmers, retailers offer complimentary gift wrap, tv shopping channels bundle away deals till exhaustion and manufacturers sell electronics at close to cost.
The reason is that banks make their money back ten fold on rates and loans, governments on tax revenues, retailers on the gifts themselves, TV shopping channels on the shipping and electronics retailers on the accessories and set up.
Google has been criticized for seemingly bizarre investments in Google Voice, Google 411, Gmail, and most recently Youtube. Youtube which they paid $1.6 billion amount for and supposedly loses them 415 million a year despite being one of the top 10 visited websites in the world.
So how does Google sustain this?
Well they happen to be quite good at what they do, to the tune of 22 billion dollars last year. You see Google has a very simple business model.
People use the internet and they sell advertising on internet. The more people use the internet the more advertising Google to sell.
So if their goal is to maximise their advertising revenue, they need people to use the internet more. If someone uses Gmail instead of outlook, Google Docs instead of Office and Youtube instead of America’s Funniest Home videos – Google can slap more advertising on it. For Google, if investment leads to more business we call it marketing.
So how does this apply in the REAL world?
Would a conveince store charge you a dollar for a plastic bag to carry a two dollar carton of milk? Sure they could make a great margin up selling the plastic bags but it would reduce the volume of customers buying groceries from their store.
Is a buying music with a t-shirt (as rapper Mos Def most recently tried) any more ridiculous than buying it with a plastic disc?
The question you have to ask is are you selling milk or the plastic bag?
In: Presentations
14 Jul 2009I had the pleasure of seeing Christopher Berry present at Netchange Week on social media and online interaction measurement and it inspired me and my team to pull up our socks and dedicate more and more of our time to measuring and communicating results better in everything we do.
Here is a copy of the slides from his presentation. I highly reccommend taking a look at slides 34 and onwards, he gives some great practical ways to start measuring any social media campaign you are working on.
In: Free
7 Jul 2009Chris Anderson, the famed editor of Wired Magazine who is most famous for his coining of the Long Tail business strategy and most recently his proclamation of Free as the future of business, recently published Free: The Future of a Radical Price.
In an age where we have seen lawyers at the stoop of anything even smelling of free, Anderson says that free should be encouraged by the marketing team, product development and the executive board not just pirates and copyright violators.
I believe that all companies give away something free, eg. time with an account manager at a bank, customer service when you have a problem and even a sales person spending time to guide you through a decison.
In our digital world this balance is in flux. Consumers are still spending money and always will, if a product or service serves a gap or a need. The issue is what customers want to pay for is a) not being offered b) not what the companies want to sell.
When the first caveman banged on two rocks for his friends and asked for some wooly mammoth in exchange, he wasn’t selling plastic discs, he was selling music.
Music is not about selling plastic discs and today, customers don’t value plastics discs as much as they used to. Despite the resistance from the industry and their legal team, Chris Anderson, asks could free be the future price?
This doesn’t mean companies shouldn’t make money, it just needs to come from somewhere else and it might not be the model they want or have used in the past.
Anyways back to the book, it is available online – for free of course on Scribd, however I have been kind enough to post it up here for you.
Will you be reading it online or order a copy from the book store, or do you think all this talk of free is ridiculous?
