marketing Archives - Page 10 of 41 by Mark Murnahan

5 Spam Tactics Good People Use to Kill Business Efforts

I am being pretty generous by using “spam” and “good people” in the same line, but I am trying to be forgiving. As surprising as it may seem, there are instances where otherwise good people will do spammy things which tarnish their business hopes. I don’t mean the canned meat, SPAM®, either. I mean the spam that happens when people try anything to get your attention.

I view spam as a desperate attempt to be productive while using counterproductive means.

When I say that it is an otherwise good person, it is often simply because they don’t know any better. They get confused by so much hype about the Internet, and end up doing spammy things that tarnish their business hopes, and hurt their chances for successful business communication.

Spam Tactic Number One: Company Names

It may seem innocuous to use a company name instead of a human name, but there is a time and a place for each. You may think this is subjective, but the numbers have come in, and if you are making this mistake, you are very likely hurting your odds.

Regardless what some flunky want-to-be “expert” may have told you, if you are not communicating explicitly on behalf of a company entity, it is best to use your human name. Even in those cases when it is “all business”, if you will be accepting any feedback, you should include your name. You know … the one your parents gave you.

An instance of this spam offense which has come back to hurt thousands of unwitting businesses is creating a Facebook Profile under the company name, but then having it deleted for a Facebook terms of service violation. Why would Facebook delete a profile with a business name? The answer is easy … because they should have been using a Facebook Page. If you don’t know the difference, or just how much it matters, you would be wise to read “Facebook Profiles Are Not For Business … Facebook Pages Are!”

You may argue the perceived benefit of using a company name in place of a personal name all you like, but before you get too set on your opinions, you may want to read an article titled “Social Media Profiles: Keywords, Company Names, and Humans“. It will explain how some of the best researched companies in the world are handling the matter. If you think that using your company name as a replacement for your given name is a good idea, think again!

There are many instances when the brand of a person is far more important than the brand of a company. Sometimes the company name adds authority to the person, but it is even more common that a person adds authority to the company. Heck, in my instance, only a small percentage of people I communicate with are aware that I am CEO of a successful decade-old wholesale Internet services corporation. The ones who need to know (customers and potential customers) are very aware. It shows up on their bill.

A real person with a human name will win the hearts and minds of people over companies every time. Many successful corporations know this, and prove it to be true.

Spam Tactic Number Two: Being False

Claiming to be something or somebody else is just asking for trouble, but it happens all the time. It is more common in personal communications than in business, but it happens in business more than you may like to imagine. This is done in many forms, but I will classify it as “Hot Chick Spam”.

I recall a specific instance of a beautiful lady (or “hot chick” if you prefer) whom I quickly realized was not what she claimed. It was a man who used a name and photograph of a beautiful woman instead of his own, because he was sure that more people would listen to and buy from a good looking woman.

There are certain word patterns, even in short Twitter messages which can give away even the best lies, as well as other obvious discovery tools. In the instance of my “hot chick” example, it only took a moment to figure out that it was a man, so I looked up the website owner with a WHOIS lookup and made a phone call. As I expected, when I asked to speak with the woman from Twitter, the truth came out really quick!

He got over this absurd plan for success once I pointed out how easily he could be exposed. His company also ended up hiring me to handle the search engine optimization for a highly competitive million+ page website. No, will not tell you who he/she was … under any circumstances! What I can tell you is that their business communications are far more legitimate and far more effective now that the company is represented by real people.

Spam Tactic Three: Spammy Blog Comments

If you have a blog, you surely get spam comments, but did you know that some people actually think it is a good strategy? This spam offense aligns with the previous two, but it goes further, and it can become a very destructive tactic for the spammer and the blog owner alike.

This is What Blog Comment Spam Looks Like to a Blog Owner

This spam tactic is generally executed by using industry keywords (or a company name) in place of a proper name when posting comments to a blog. Since those keywords will then be the link text pointing to the spammer’s website, it is assumed that it will be great for search engine ranking. It makes sense, right? If it could only be so easy, don’t you think everybody would do it? Then it would just be a battle to see who could produce the largest amount of spam. Actually, that does pretty well sum up this kind of spammer’s mentality, but they are so wrong, and they kill their chances of success like you may never believe! Search engines are simply not this stupid.

Ironically, this particular tactic was also previously implemented by the company I mentioned in “Spam Tactic Two.” In their case, they had paid some guys in India to write thousands of pithy blog comments including their website links. They got some extra website visitors out of it, but not the paying kind. When their website was brutally punished by Google and other search engines, they were ready to jump out of a third story window. You know … not really committed to death, but definitely upset enough for a jump.

If you think that something may be spammy, it probably is. I recently replied to this kind of spammer, and he actually answered back saying that he was not a spammer. My answer to that was as follows:

I am glad you responded. I just figured it was pretty unlikely that Mother Business Card and Father Brochure actually came together and decided to name their little beloved one “Logo Designer”.
REF: SPAM or Not SPAM? The First Test is Your Name!

Many people agree with my view of blog spammers, but apparently some people still don’t grasp the downsides.

Spam Tactic Four: Follow Me!

There are many obvious examples of this spam tactic found every minute of the day on Facebook and Twitter. It is commonly expected that having a lot of people “follow” what you have to say will matter. But guess what?! Those people who are quick to follow you without a good reason are also likely following about a squillion others just like you. They aren’t paying close attention and just waiting for the right time to send you a wallet full of money. They are usually just following you so that you will follow them back. You know, because that way you will both gain some amazing authority.

The truth that is hard to drive home is that more is not always better. I have given examples of this more times than I can count, but people usually have to make their own mistakes before they learn.

It stunned me how many people thought it was a useful action-list when I wrote a completely smart assed article titled “How To Become Popular on Twitter Without Actually Being Useful“. Apparently a whole lot of people missed my disclaimer that stated as follows:

“If you follow this list without deviation, you are sure to become massively popular. Just remember that if anybody says “I hate you and hope you die a miserable death” or “You deserve a really bad case of herpes” … those people are just jealous because they will probably never be as popular as you.”

It does not always have to be an extreme overstatement or effort to be spam-like. If you want people to follow you just to feel better, try buying a feather … they tickle, too!

This obese woman selling weight loss has offered to help me build a huge following on Twitter. — Obese Woman Selling Weight Loss

When the “Twitter Follower Frenzy” or “Facebook Please Like Me” epidemic gets to be so desperate as this obese woman selling weight loss and trying to tell me how to grow a huge Twitter following, it is a clear failure (click the image to enlarge). Note: She has six people following her. Perhaps she meant something else when she said “huge”.

If tweeting and facebooking to a large number of people who do not care about what you have to say is really so useful, how are you measuring that success? Is it in the bank?

People who fall into this addictive need to spam more disinterested people will be better off measuring the cost of their missed opportunities from all that wasted time and energy. If you have fallen prey to the disease, it is time to regroup and get some help to develop a better strategy.

Spam Tactic Five: Shooting at Innocent Bystanders

Trying to reach everybody, instead of a targeted audience is really the widest use of spam. Do you remember how I defined spam as a desperate attempt to be productive while using counterproductive means? Trying to reach everybody is about the worst conceivable spam of all. It not only wastes the time and resources of the spammer, but can create a lot of other possible business communication side-effects.

A Lot of Ammunition is Good, But Sharper Aim is Better!

Before trying to market something, it is important to remember that “everybody” does not want what you offer for sale. “Everybody” is not a target. Lack of focus is the most costly mistake any company can make in marketing, and is often the biggest missing piece in a failed campaign.

The task of targeted marketing using customer modeling based on demographics, psychographics, and propensity analysis really does make the difference. You can count on it!

If you target the right people, and stop shooting blindly, you will no longer need to reach all of the people. The right ones will do the “heavy lifting” for you. When others are promoting your virtues on your behalf, it is no longer spam … it is marketing.

Spam Tactics and the Ignorant

Sure, anybody can be guilty from time to time, and sometimes a small degree of spamminess is just an accident. Ignorance does not mean a person is stupid, but simply that they don’t know any better.

I know that some people will try until their last breath to defend these atrocities. That would be easier than admitting to making huge errors. Maybe they believed a bad pitch from an ignorant marketing agency, or they believed the fairy dust that so many people are promoting each day about Internet marketing.

Sometimes it is the company itself that is the perpetrator of the spamminess, but even more often it is because they trusted the wrong people to handle it for them. I have encountered many companies that believed a crooked marketing consultant, without ever caring to understand whether their tactics were sustainable, and an overall strategy was never even a consideration.

Once the pain sets in, it is too late, and they end up paying somebody like me a whole lot more money to fix their mistakes. That is, to fix the mistake of their prior ignorance.

An even more tragic result is that many companies will keep trying to do the things which do not work, just because they refuse to listen to good advice. When their marketing isn’t working for them, they assume the whole thing just doesn’t work.

These are the people I call the willingly confused. I generally try to be forgiving and patient with them, but those are not my strongest traits. The reason my patience often fails is not because of ignorance, alone, but rather the apathy which so often comes along with it. When you throw a dose of apathy on top of ignorance, the ignorance is sustained because they don’t care enough to overcome it.

Without apathy, ignorance is much easier to fix. When people care to do better, and to know more, ignorance fades with each thing they learn. If you know somebody going down this path, you will be kind to warn them.

Photo Credits:
No Pooping by johannal via Flickr
World Cup Babes Australia by gnews pics via Flickr

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Internet is a Body and Your Website is an Organ Transplant

I have an uncommon analogy for you to consider today. I sometimes feel a bit like a mad scientist slinking into my secret laboratory, just a little bit like Dr. Frankenstein. It seems especially real on days when I sit at this computer for sixteen hours, nap for three hours, and then return with my crazy mad scientist hairdo and coffee breath. Creepy? Perhaps, but it is always fun to exclaim “It’s Alive!” after it all comes together just right.

I realize that some people are squeamish about biology, but don’t worry, we are just imagining this for a few minutes. Think of it like a science fiction movie scene.

Try to picture the Internet as a sci-fi creature with living tissue, nerves, and blood vessels growing every day. It is alive and growing, and it has defense mechanisms just like most organic life forms. If you introduce a foreign object, it will either accept it, or it will reject it.

Now try to picture a surgical introduction of an organ transplant of a man-made synthetic tissue. Your website, along with the rest of your online branding assets, make up that donor organ. In the beginning, it is laid on the surface of the huge Internet organism, and surgically connected by way of new social networking efforts and a micro-web of hyperlinks to and from other websites. This is the toughest time for the transplant, and requires a lot of nurturing.

The donor organ is nourished with the textual content of the website, but it cannot live on its own for very long. It will need to connect with and become a part of the larger organism. The surgical team (web developers, SEO, owners, management, and etcetera) will need to work diligently if the donor organ is to be accepted to live and grow as a healthy addition to that larger organism.

Like any organ transplant, if the organ is not well-matched, it will not grow, and it will be rejected. To improve its odds of acceptance, the website medical staff needs to introduce antibodies to the larger Internet organism, and connect the nerves (the people) carefully. Think of the antibodies as the useful things the website has to offer, and the nerves as the people. The delivery method is social media and appropriate business networking with existing parts of the larger organism. You know, instead of hypodermic needles and pills.

The useful “antibodies” help to keep the nerves (the people), and other defenses of the large creature soothed, and even bring it to embrace the new donor organ (website). It is critically important that the surgical team connects the right nerves in the right places in order to make it a healthy transplant.

Why the Organ Transplant Analogy?

This concept came to mind as a prospective client asked me to help her launch a new surgical center website and social media campaign. She did not seem to grasp all that really goes into developing a successful online presence, just as I don’t fully understand how to perform surgery. She mostly just wanted to believe that a good website with a little search engine optimization fairy dust and social media chattiness was all it took. That is kind of like if I assumed surgery just takes some sharp knives and clean towels.

Things such as targeted marketing using customer modeling based on demographics, psychographics, and propensity analysis held no importance to her. She didn’t understand or want to accept those concepts in the beginning, just as I don’t understand why they can’t easily replace my blackened smoky lungs with a new pair.

While visiting with her, I decided that I needed an analogy, so I used the example of the online marketing work I do for myself. That is easy, because I never have to worry about treading on a client’s non-disclosure agreement (and most of my clients require them). It also shows that I have faith in what I was telling her … after all, I performed the same surgery on myself.

So, I explained that there are over 157,000 links pointing to my blog articles, according to Google Webmaster Tools, and that indicates a healthy transplant.

They each add up to connect my blog to the rest of the Internet organism. They are like the nerves and the blood vessels that have adopted my blog as a part of the larger organ which is the Internet. Now my blog helps to nourish the larger organ, and the Internet nourishes my blog as an accepted donor organ.

Then she was concerned about how much it would cost to do it the right way, but without any apparent concern about the cost of doing it the wrong way. Of course, everybody wants to know the cost, but as I’ve explained before, simply asking “How Much Does SEO Cost?” is the wrong question … for many reasons.

The cost of good marketing is kind of like paying taxes. If somebody asks me about taxes, I will tell them I’d prefer to pay a billion per year in taxes, because that means I earned a lot more than that! Similarly, if you spend a lot of money on marketing … the right marketing … it pays you many times whatever you pay for it.

She eventually steered away from her cost concerns, and she began to recognize that she was doing this to increase profit … and not to waste profit. Then she was concerned about how long it would take. Of course, we all want things fast … especially when it comes to money. The more important and seemingly obvious consideration is not only in how long it takes, but whether you implement the skill, the time, and the effort to make it possible at all. If you are doing it well, the time frame is shortened accordingly.

The conversation was very familiar. She was terrified of making good business decisions. I don’t blame her for that. It is a challenging process, and the world of online marketing has tried to overlook good business principles of “pay now, play later“.

Do Surgeons Have All the Answers?

I told her that I could create the tissue in my lab, surgically implant the tissue into the Internet body, help her with the antibodies, and nourish its growth. Then, in her wisdom, she decided that she just wanted me to create the tissue, but that she would handle the surgery and the after-surgery care.

This was because she thought it would save her some money. Yes, the surgeon decided to be a marketer … or to assign it to somebody she could pay the least possible amount of money to. The truth that she does not want to face is that she would be wiser to create a novice website but hire a great surgeon. The even more astonishing truth is that she would be a lot better to count on professionals to carry out the surgery from beginning to end, just the way her patients do.

Can you believe that even somebody so intelligent as a skilled surgeon does not understand the much higher value in allowing the professionals to do the work they are trained to do? Seriously, when people are so absurd to believe that they should add another profession to their resume to save a few bucks, just imagine the dollars they leave behind with their even more expensive and time consuming trial and error learning.

I have written my ideas on this topic, but it still leaves me to wonder why everybody wants to become an SEO and social media expert.

In summary: The next time you, or a loved one goes into surgery, be sure to ask the doctor if she does her own marketing. If so, she is probably not the smartest surgeon.

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The Biggest Blog Failure Ever

You may be thinking I am going to write about some huge blog scandal that embarrassed a CEO, relieved somebody of their U.S. Senate seat, or made somebody in Hollywood look like a complete loser in some way. Those stories are abundant, and even quite popular, but they bore me. I’ll save that for the day when I crash my head into a speeding train and decide that there is value in luring brainless zombies to read my blog.

For the time being, I still plan to write for you business brainiacs who care more about building a business than the latest juicy gossip or fad-of-the-day.

Today, I want to discuss an even far more punishing type of blog failure that comes with either having a blog without a strategy, or not having a blog at all. First, for anybody muttering some nonsense like “Pffftt … Blogs, schmogs … who needs ’em?” you may be wise to read “10 Really Good Reasons to Blog“. In any case, just hold your seat and pay attention for some eye-opening considerations.

Maybe you think a blog is just for making an online diary or to directly promote something, but take a breath and give me your attention. I want to start by pointing out some different types of blogs and their respective social media strategy.

Types of Blogs and Blog Strategies

There are obviously many different types of blogs, and each has its own strategy. I cannot list them all here, but I want to give you examples. Some of them are just for the purpose of bringing squillions of people to click on something brain-numbingly stupid to waste their time. Other blogs are designed to help brain-numbed people to believe that the Internet will give them “easy money”. We all love these blogs. I say “we all”, but the ridiculous numbers don’t lie. In fact, check this out … I brought some numbers!

Brain-Numbing (but Hilarious) Blogs

These are some very successful blogs, but many people do not even comprehend where the success is. They are ad-supported, and some sell shirts, hats, and other stuff, which is fine, but it takes a lot of visitors to make money this way. I mean a lot! If I had to guess their revenues, I would bet most of these earn their company a lot more money than your company blog. They are spending a lot more on personnel, too, because that is often what it takes when a strategy requires huge traffic numbers.

icanhascheezburger.com: As the home of “lolcats”, the “I Can Has Cheezburger” blog appeals to people’s love of cats, and it brings people back frequently to look for the latest funny stuff cats are doing. It is working like a charm, too. The website is ranked in the top 1,000 websites visited by Internet users in USA and in the top 3,000 in the world, according to alexa.com. The Internet collectively says “we love this stuff!”

failblog.org: “Fail Blog” fascinates readers around the world with the astonishing stupidity of people. General “run-of-the-mill” stupid people doing stupid things is a sure bet to help otherwise productive people to melt brain cells and burn hours. Fail Blog is ranked very similar to icanhascheezburger.com, and is a part of the same extensive network that reports more than 20 million website visitors per month. Cheezburger Network takes about 65 people and a lot of money to manage it well. If you don’t have that kind of manpower, creativity, and dollars, this strategy probably won’t work for you.

peopleofwalmart.com: How could this one possibly fail? “People of Wal Mart” lures people in by the nose and helps them stick it high in the air. Even a brief look at the People of Wal Mart website will show you how much better you are than those horrid looking creatures cruising the aisles of Wal Mart stores. This website is roughly in the top 2,000 most visited websites in USA and in the top 10,000 in the world. Yes, we really love to make fun of people … especially when we can see how clearly “better” we are than them.

It May Be Funny to You ... But Just Keep Laughing, Sucker. I Can Has Money!

Socially Numbing Blogs

People love to read about social media. Although there is no obvious correlation between wasting time reading everything you can about the latest iPhone apps or social media corporate buyouts, these blogs are taking it all the way to the bank! Don’t take this all wrong, they have some reasonably good information sometimes, but between the overt brand bias and repetitive drivel, I feel compelled to announce these with a bit of a snide slant. In any case, they are about as popular as bacon.

mashable.com: This social media giant is astonishing! Mashable is a time-sucking cult favorite of glassy-eyed people hoping to be on top of a social media wave. It commonly ranks in the top 200 most popular websites in the world. Why? Perhaps it is because the whole world wants to become a social media expert by reciting what they read at Mashable. As long as this is the case, it will be wildly popular. If you want to know which technology company is doing what, or which iPhone app is better, it is fine. Click on an advertisement while you are there … they love that!

techcrunch.com: Tech Crunch is kind of like Mashable with a bad toupee. They have a couple reasonably decent writers with good intentions of reporting on technology issues, but let’s be serious … will that make you an expert? I guess it is great if you want to know which online game company was just purchased for a billion dollars, or the new fads in cell phones. Will you really do more business if you read everything Tech Crunch reports? The answer is “probably not”, but if you want to sound impressive to a non-paying audience, you may want to retweet everything you see there, and expand upon it in your own blog. Just don’t plan on getting rich that way.

Socially Engaging Blogs

It is a very popular myth that “engagement” in a community is a key to online success. It has its high points, but it also has some pretty big downsides. Note that I did call it a myth.

Being engaging and engaged can provide amazing benefits, but without an appropriate strategy, engagement still fails miserably from a business standpoint. If you are just engaging an audience because you think it will bring success, think again. You can have a squillion buddies, but if it has no relevance to your business strategy, you can spend a lot of time being unproductive with those buddies. You may not like it, but that is the harsh truth. I can be your friend, and I may even help you to spread the word about those awesome knitting needles you are trying so hard to sell, but I only have so many friends interested in knitting.

I wrote about some engaging bloggers recently, and they provide great examples of reader engagement. These bloggers are hard-workers with a lot of talent, and they can show you some fine points. Here is the list of “9 Bloggers Who Teach the Value of a Strong Blog Community“. These blogs generally don’t need huge numbers of readers, and are often very targeted toward specific topics that attract specific readers. This is commonly a much more readily achievable type of blog strategy for individual bloggers or small companies.

Building relationships and engaging with others is very important in building an online success, but it is still not a magic success potion. Sorry pals … but somebody had to say it.

Commonalities of Failed Blogs

Back to the story line, I want to submit that there is not just one single thing that will make a blog successful. The biggest missing piece I see among unsuccessful blogs is a strategy. Popularity is great, but it takes a lot of work, and usually a lot of money to make a blog popular enough to succeed on traffic volume alone. Carefully curated content geared toward a popular topic is a way to become popular, but that can still fail if there is not a targeted and well-defined expected outcome.

I see it all the time that the first reaction of companies who don’t see great results from their blog is to give up. Instead of making the needed strategic adjustments, they assume it was a bad idea that just doesn’t work.

A truth that most people are slow to accept is that if the blog isn’t paying the bills, it is not the Internet public’s fault … it is their own. In the case of most blogs, and statistically, probably even yours, the results are a bit less than hoped for. So, do you give up, or do you shift gears?

It is easy to see common factors of successful blogs. Some of the blogs I mentioned have a sizable staff that work hard every day, others have a small staff of one. They are diverse, but each of them have some things in common. They each have a strategy, and they each understand that nothing comes from nothing. Doing “nothing” is popular, too, but that is probably not a good strategy for you.

A Competitive Strategy

A strategy that is extremely popular and competitive is to rub a genie’s lamp, keep your fingers crossed, knock on wood, pray like a nun in a whorehouse, and hope that your blog will somehow become a huge success without hard work. That is just dandy, but it is a pretty weak attempt that usually yields even weaker results.

So, in case you may wonder, what is my strategy? After all, it would be silly to write about it if I didn’t have one. I cannot tell you the whole thing, but I can at least give you enough to help get some thoughts flowing. Maybe you can pick up some ideas about your own strategy if I share some key points of my own.

Blogging is Competitive and Requires Strategy

Is it the ads? No, they barely pay for my coffee and cigarette bill. Is it the cozy notion of having a squillion friends who will send flowers when I die of starvation from blogging instead of working for a living? Well, not exactly, but you are certainly welcome to send donations to The Murnahan Memorial Fund, c/o Widow Murnahan, PO Box 4426, Topeka, KS, 66604. Widow Peggy thanks you in advance.

I take a mix of each of the above approaches, plus some other special considerations. I discovered, long ago, that when I write things that people find useful mixed with amusing (or at least not dreadfully boring), and I make good connections with people, they share it with others in their social circles. That helps me to achieve my objectives of tens of thousands of incoming website links to my work, high website traffic, and ability to rank extremely well in search engines for darn near anything I choose to target. This also helps me to establish credibility as an authority in my industry and provide irrefutable proof that I am very good at my job. This is a pretty sound strategy, overall, and it can apply to many other types of industries.

Each of these things help more people know to my work. Some of them will realize that this Murnahan character has uncommon talent and is quite good at creative marketing. A tiny few of my readers will realize they could do even better with additional professional help, and they contact me to develop their marketing strategy, and to execute the plan. That is how I get paid. That is my success. You didn’t actually think I do all of this because I’m bored, did you? Most bloggers don’t work so hard just because they have nothing to do.

The Worst Blog Failure in Summary

In concert with a previous article about reasons to blog, I also explained reasons blogs fail. I may be the only person that this amuses, but if you search Google for either of the terms I just linked to (reasons to blog and reasons blogs fail), you will find my work quite readily. That would never have happened if I didn’t write something about it, implement my strategy, and execute it better than others.

Doing nothing, or doing something without conviction is an easy path to giving up. The same holds true for anything from talking your first love out of their pants to talking your next customer out of their money.

How is your strategy coming along?

Photo Credits:
Cat in a big box by CelloPics via Flickr
Shaved Cat by Jamie (ajmexico) via Flickr
Cat on bird house by Josh (joshme17) via Flickr
Roslyn_cat by Joshin Yamada (ocean yamaha) via Flickr
Fail Cat by Tara Hunt (miss_rogue) via Flickr
Doomed by Robin Corps (robad0b) via Flickr

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Social Media Emphasizes “Pay Now, Play Later” Mentality

Have you ever heard the term “Pay now, play later”? Sure, it probably sounds familiar, right? It means that you pay your dues, and then, cash in your rewards later. Just ask a successful business person about this, or ask a parent. Most parents try to instill this mentality in their kids with something like “Do your chores, and then collect your allowance.”

This old school work ethic is a popular way that success is taught, even at the lowest levels of education, but we have a new school, now. We have a school that teaches success in overtly misleading ways.

It is astonishing how many people approach me with their marketing concerns and have this all backward, so I decided to share some thoughts with you. Not just thoughts, but experience … earned experience. I see it a lot more in small companies, but no size of company is immune, and we can witness this in Wall Street news stories every day. It is the needle that makes economic bubbles of all sizes burst.

Is Your Company a Job, a Career, or a Slush Fund?

Let’s have a glimpse at reality. You are probably not wealthy. Oh, you may even be “rich”, but I am a numbers guy, and I’m betting that you didn’t just send your butler, Charles, to bring you another chilled bottle of Dom Peringnon and a dish of beluga caviar.

The fact that you have read this far should perhaps tell us both that you have some serious moments of introspection, trying to figure out why all of the purchasing public does not understand the things you see so clearly. Your stuff is the best on the market, but yet, Charles is still just bringing you another Bud Light and some pretzels.

What in the heck is wrong with this picture? Well, here’s a tip: Charles isn’t messing it up … you are!

Yes, I know How Easy it Can Be

I am amazed and amused by how often I see business leaders rip off their own future to have some of that fun right now. They are playing now, and paying later. It is a lazy formula for disaster, but very popular.

I’m not going to claim that I am innocent. I have wasted more money than some small countries, so I know how easy it can be to rob yourself. I am trying to warn you and encourage you, so I hope you take this seriously.

People who treat their company this way are often paying quite dearly for it, with “opportunity cost“. It is worth being conscious of this, whether you are that business leader, or just a random employee behind the scenes. Either way, it can significantly screw up your future to ignore this behavior in a company.

Let’s Think About Opportunity Cost

Opportunity cost is the cost of all the missed opportunities that companies endure, and the examples are abundant. In simple terms, just try to add up the lost potential for referral business for every customer that goes elsewhere. Then, imagine the loss of market share over time, as their referred business sends referrals to the competition … and so on.

I see a lot of people damn near stroke out and die right in front of me when I tell them how much money they should logically be investing in their marketing. It really scares the heck out of a lot of people. Why does it scare them? Probably because, based on their limited experience, they imagine a marketing budget as risk capitol, rather than understand it as the most mathematically and scientifically sound thing they can do for their company. Many people are fantastic at their job, but if you throw them into marketing, they get ripped to pieces. They already saw failure, and they don’t need another financial bloodbath like that!

In case you missed that link I offered up a moment ago, let me tell you what Wikipedia says about opportunity cost. If you think about it, this should be what really scares companies. Brain-up for a bit … here you go:

Opportunity cost is the cost of any activity measured in terms of the best alternative forgone. It is the sacrifice related to the second best choice available to someone who has picked among several mutually exclusive choices. It is a key concept in economics. (more about opportunity cost)

When you look at it this way, it really sounds expensive to ignore the best possible alternatives, right? You bet it is! It is money that is flowing right on by and floating somebody else’s yacht while Charles gets your canoe ready for you.

How Does Social Media Add Emphasis?

Social media marketing is so frightening to some businesses that they are afraid to invest in it. Others are taking great advantage of the medium. If you look at the vast difference in potential opportunity cost between the two options, you can see how it emphasizes the loss or gain at both ends of the spectrum.

I want to be fair here, and give you an upside and a downside look at this. There is an amazing assortment of people to meet, interact with, and socialize with in the realm of social media. There are a lot of creative ways to gather market data and promote products and services using social media, as well. It can lead a company to great opportunities of all sorts. It can land you a great new customer, employee, or even a wife, three kids, and a corporation.

Social media is also very misunderstood by many, and from a marketing standpoint, a lot of people would like to imagine it as “free marketing”. Even just today, I was introduced to somebody, and I couldn’t make this up if I had just dosed myself like an under-aged hooker in a war zone … an exact quote was “The beauty of Mark is that he is the best and he’s free!”

Are you kidding me? I don’t even begin to market a company without a bare minimum … and I mean an “I owe you big time for saving my life from that charging grizzly bear” retainer fee of $5,000. It is usually a boot full of bear piss and swollen underpants full of “oh crap” more than that.

Now, although I would argue that she may have meant “free”, in the sense that I will not take money from a company unless I am confident that we can work well together and that I can provide them a huge return on investment … I’ll give her that. If she meant that somebody can get a lot of value by sucking up some of my experience like drinking free grape soda through a garden hose, that’s cool by me. She means well, and she knows that I do, too!

The cost of business is frightening and often frustrating, but only until you understand that a business is an investment. It requires tough decisions, and a good investment and reinvestment strategy. Making money takes money, and continuing to miss opportunities by seeking a cheap solution is like trying to dig your way out of a hole.

Social Media Can Destroy a Company

There, I said it … social media can destroy a company. It may not hit all the major news outlets, but I would put a good bet that it has helped more than a few into an earlier bankruptcy, or a complete failure.

It sounds crazy, right? This amazing saving grace we call the Internet could actually do harm to a company? It is very true, and it really happens. It is often a last refuge of absurd hope that setting up social media profiles will help a company out of trouble, or that this magnificent Internet can absolve a company from making good business decisions.

When I see people with starry eyes about the easy money online, it really brings back days in the early 2000’s when I was marketing for an Internet services company. It sounds a lot easier than it really was. I was marketing wholesale services to Internet access providers and web hosting companies. In the instance of my most satisfying online success story, I frequently had to lift the CEO by the ankles and shake him for every coin in his pockets to get the investment money needed to ensure his success.

A few years into the project, he could actually make better decisions about the corporation. He eventually even set his sails toward a young retirement, and after many years of paying heavily, he started playing (like a rock star). He paid himself handsomely. The corporation allocated $250,000 per year to fund his race team, $50,000 per month for “other miscellaneous business expenses”, and set him up pretty nicely. When he decided to buy a new home and asked the banker and accountant if he was spending more than he should, they literally said “If you want to buy every house on both sides the street, we will be happy to finance it for you.”

So, surely with an income in the top fraction of a percent of money earners in USA, and worldwide, that is a reasonably sensible time to stop investing in your company and soak in some significant leisure. A leader must eventually enjoy the lion’s share of the rewards someday, after all.

Oh, but there is still an “Unless Clause”, which explains that unless you are zombie-stupid, or high on arrogance, you must keep investing it well.

Damn it like mad, but the worst scenario still happened to my client. Corporate suppliers started laying off, killing services, and slaughtering his customers. He ended up losing millions in corporate equity, going back to working hard to earn a living, and teaching people like you to invest well in your company … even until the point when it nearly breaks you.

If you wonder how important it is to invest wisely today, to see a good future tomorrow, just ask that CEO about it. He has built many companies into huge successes. Best of all … well, aside from the fact that he is absolutely not free, you can reach him right here.

If you want to know how much it really takes to be successful, or how much it can hurt to stop looking ahead, you need to read the book “Living in the Storm“. If you were paying any attention at all, you will recognize the author. 😉

Photo Credit:
Playing in the Fountain by Tim Schapker via Flickr

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Is Social Media Marketing the Hardest Job?

Is Social Media Harder Than Ditch Digging?

When you think of the hardest jobs ever, you probably don’t think of social media marketing. Maybe you think that digging ditches would be harder. Maybe you will even think it through a bit more and imagine that working with terminal patients in a children’s cancer ward, or hunkering down in a fox hole and hearing enemy troops coming close would rank right up there as the hardest jobs. Oh yeah? Well, let me tell you about the job of a social media marketing consultant and strategist.

People are very selfish by nature. They don’t always think about the others around them. It is ingrained in each of us, from the very beginning, to preserve ourselves and to do what we can, to get the things we need. By default, we think of ourselves, and our own preservation, above that of others. After all, we are less equipped to help others if we cannot help ourselves first. Acting otherwise is a learned trait, and still must come with oneself in mind. Unchecked altruism would actually have devastating consequences.

This selfishness often has skepticism closely in tow. Worse yet, it is common that once people have just enough of those things they need, or fail at something enough times, a mechanism of apathy kicks in, and they stop caring. They stop seeking more for themselves, and they become complacent.

If you mix the naturally occurring selfishness, apathy, and complacence all together, you have a recipe for some really dreadful results. These results are so common that it often takes someone with specialized training and experience to clean up the mess. The best social media consultants have this training and experience.

The job of social media marketing is to crack the human code, discover human emotion, and move it!

Maybe you thought the job was to just tweet some stuff on Twitter, put your ads on Facebook, or set up your social media profiles the right way, but that is not how successful marketing is done. It is not even close.

The Job of Social Media Strategist Gets Messy

To perform the job successfully means we have to reach into the messy inside of human nature and human desires. The job includes studying how to bring others to a desired action based on an emotional response, and not just on an individual basis, but as a pack. A well targeted pack, at that.

Without defining who the customers are, understanding what they will respond to, and getting their emotions on board with your plan, it is like herding cats. You will never get what you want that way. Well, maybe what you want, if complacence has already set in, but certainly not what you could have. That brings up perhaps the worst challenge between a marketing consultant and their client, to instill the mindset that is required to want more. It means helping clients to remove their own barriers of apathy, skepticism, complacence, and the fears they create. It is especially frustrating when you know damn well they can have it, and you can deliver it, if they will just heed good advice.

I have studied a lot of psychology, and my studies have left me with little wonder why there are so many psychiatrists who are totally bonkers. Getting inside the mess that is the human mind can be very rewarding, but also very punishing. When you gain insights about why people work the way they do, it is easy to over-analyze everything from why people riot over a hockey game in Vancouver, to why apathy is easier than giving a damn. This is an arduous line of work for anybody!

Social Media Consultants Are Apathy Slayers

The job of successful social media marketing is a lot more than what people imagine it to be. It is not just the simple tasks that it may appear on the surface. It is a deeper look into apathy, and how to bring people to overcome it. This is an important part of how we deliver more happy customers to our client’s businesses.

In the job role of a social media marketing consultant, we must overcome apathy from our client’s customers, but that is the easy part. From the perspective of selling this as a service to clients, their apathy is enhanced by their skepticism, and solidified by fear. It becomes bolstered by their confusion of the difference between implementing a strategy versus wasteful tactics. That is where the line is drawn between the average social media marketing and the marketing that builds true success.

The point when you understand a market is when it can become a quest to “heal them all”, and to help them understand the little ways they are broken. It also must be done without them even realizing you are doing it. If they realize it, their skepticism may kick in and ruin even your best intentions.

Is Social Media Marketing Really So Hard?

So, how in the heck can this job of social media marketing consultant and strategist be worse than that nurse holding the dying child’s hand as she desperately wants the child to eat another bite of Jell-O? How can it be worse than the soldier with every nerve on end as his friend’s miserable body gives up the fight, right beside him? That must seem ridiculous, right?

It isn’t harder. I made that up. It does not even compare. I love my work, and I find it extremely rewarding. I must say, however, that helping people to feel something, and bringing them beyond their own apathy and skepticism is a challenge most people are thoroughly unprepared for. That is why I am hired to do the work I do.

Once you reach inside the messy mind of your market, you will find it much easier to ask them to donate to cancer research, provide support to hard working soldiers, or in this case, gain control of their own apathy and take the next step to improve their marketing efforts.

A truth that I have realized over more than two successful decades in business, performing every role from a sole proprietor, to a corporate CEO, is that success is something we demand for ourselves. I quit rubbing lamps, knocking on wood, and wishing on lucky stars many years ago when I noticed that successful business comes with mathematical projections, and also overcoming psychological obstacles. That means the ones our market imposes, but even more profoundly, the ones we place upon ourselves. That means getting to the messy insides, and that may not be the hardest job, but it is one that crushes a whole lot of dreams.

Most people who read my blog want better results for their business. It would not make much sense to be here otherwise. That is why I brought you here for this discussion. I can provide you with a lot of great free tools and thoughts to help grow your business. If you really believe in your company strongly enough, and you can put aside apathy, skepticism, and complacence, you will do much better. If you are having trouble with that, I welcome you to contact me to show what you can achieve with professional help. (Yes, even if you think you are my direct competitor.)

Until then, be sure to subscribe and keep picking up useful tips that can help you to help yourself.

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