social media advertising Archives by Mark Murnahan

Does a Slick Sales Pitch Work in Social Media?

Have you ever seen one of those slick sales pitches that seem to suck the money right out of your pocket? You know, like those vacuum cleaner demonstrations where they show you how their vacuum will pick up nails and screws, and even lift a bowling ball with its superior suction.

These are the sort of clever sales tactics where they show that even after all those nails and screws, it will still pick up the dirt that your tired old machine leaves behind. The dirty “proof” is right there in front of you, and you don’t really want your home to be that filthy, do you?

With all the filth of nasty bacteria and dust mites, it is only a matter of time until your kids get asthma, and the doctor bills will cost you a squillion times what their vacuum cleaner will cost. So, really, they are not selling you a vacuum cleaner. They are saving your kids’ lives, and keeping you from going bankrupt with all the medical bills.

This is really not a laughing matter, and it all goes to prove why you need the Sucker Sucker 4000! The massive power of the Sucker Sucker 4000 will suck up dirt better than the competition, but at a fraction of the cost. When you add in those medical bills, it actually pays you to buy this machine!

Plus, every spouse is more amorous when their back is not hurting. Think about how many times your wife complains about hauling that big old heavy vacuum up and down the stairs. She won’t be complaining of a backache with the Sucker Sucker 4000! You like sex, don’t you?

Guess what! Your tired old vacuum will do most of that stuff, too! It is a sales pitch, and it is not designed to save your kids’ lives. It is designed to get the money out of your pocket and into theirs.

The Tragedy of Social Media Pitches

There is no disputing the value of good marketing. Marketing is where the sales come from. Marketing builds companies, and puts the money in their bank account.

Marketing has changed, and many companies struggle to adapt. They are trying so hard to hold onto yesterday’s values, that their marketing sucks as strong as that vacuum cleaner. They are still trying to sustain the lies and deception of old-school pitches, and excessively boastful statements, while the market passes them by. The smart ones figured out that they just needed to provide the best offerings they can, and be honest, and their fans will do the boasting for them.

People got smarter, and many cleverly devised mysteries were revealed. The semi-honest tactics that used to bring in customers may still work for a while, but not forever. It mostly works on the naive, who do not take the extra effort to shop around and pay attention. Those naive and impulsive people are wising up. The most naive of all were the same people who took the economic collapse extra hard. They were suckered far too often, and now they are mad! The ease of comparison shopping and more cautious spending makes the slick pitches less effective.

Just look at my industry for an example. How many people in the SEO (search engine optimization) industry do you think have built up sales with sleazy tactics? I see it all the time, and when customers find out the SEO is a fraud, and their tactics are more harmful than good, they change their company name and go into hiding like Osama bin Laden. It happens a lot more than you may think. It is like those traveling magazine salesmen. By the time you realize you never got the magazines you paid for, they are in another town, scamming another would-be reader.

What about social media marketing? Have you happened to notice the massive number of people who became “social media experts” in the last few years? How did that happen? They were not trained in marketing, or have decades of experience, but now they know a bunch of buzz words and how to suck up bowling balls with a vacuum cleaner.

It happened because people really want to have hope, and that is the big con job of the majority of social media marketing people. They sell ridiculous hopes that they will save companies from destruction by setting them up on Facebook and Twitter. As with other industries, people are figuring things out the hard way, and now they are starting to shop more carefully. Many of the “social media experts” are not so expert once you lift the curtain and turn on the lights.

A strong case can be made about the uneven distribution of intelligence among our population. Yes, there are a lot of very unintelligent people out there who will buy anything! You are different, and I know that, because you are here and reading my blog. You have a higher I.Q. than a potato, so you can surely see beyond the common trickery.

Some Truth About a Sales Pitch

The truth about a sales pitch is that they are designed to bring you to an emotional peak, and then close the sale while you are still excited about the product or service. The numbers may vary by industry, but there is generally less than one percent of people who will come back for the purchase if the sale is not closed immediately at the conclusion of the presentation.

That is the old school pitch, and it is very hard for companies to let go of that power, and to work hard enough to earn a customer’s business based on truth and trust.

Even in cases where the sale is not made right then, the buyer’s decision has often been made. They are either committed to the sale, or further consideration of the sale, or they are not. This goes for any pitch.

How this is applied to online marketing, and especially in social media marketing efforts, is that the buyer has a lot more control of the sales pitch. The process is more long-sighted, and it allows customers to make better decisions. It also requires companies to work harder to avoid “no” until they get the “yes” answer they wanted.

Along with a social media pitch, customers will Google your name, check for reviews, and see if your equivalent to the Sucker Sucker 4000 is what you claim that it is. If it really is, they may decide to watch you and think about your product or service for a while, until they are ready to buy. That scares the heck out of a lot of companies, because it is so foreign.

The good news about the sales that come from social media sources is that the customer is often far more aware of the offering, and will be a better customer because of their higher level of confidence.

If you are doing your job right, the customer will pay attention. They will bookmark your website, subscribe to your mailing list, and they will think about the wonderful day when they will own what you sell. Until that time, it is your job to make it easier for them to remember you, and how much better they will feel once they make their purchasing decision.

Once they are your customer, it is your duty to be sure they love your brand enough to tell their friends, and give you positive reviews across the Internet. When this happens, the sales cycle comes full-circle, and you are on a path to growth.

Some Options for Your Sales Pitch

The way I see it is that you have some options to consider. There are many degrees of how much you will incorporate these extremes, and finding your perfect balance is important.

Option One: You could just keep sucking up nails and looking for more people to present your pitch to. You can keep dismissing the non-buyers as idiots and child abusers for leaving their home so filthy by not buying your Sucker Sucker 4000.

Option Two: Another option is that you show more longevity, take a long-term approach, and help others to do the selling for you. You can give the real facts, keep the hype a bit less creepy, and cultivate a customer base who love you for your integrity and fine offerings.

Option One focuses on short-term drama and urgency, while Option Two focuses on long term success and building trust in a market segment. There really is a good balance between short-term and long-term objectives for any company.

Long-term social media objectives often come with more pain in the short-term, and short-term objectives often come with more pain in the long-term. Sometimes success is a matter of determining your tolerance to pain.

Oh, and by the way … did you Google me, check my background, and subscribe to my blog, yet? Come back any time to read some more. I’ll be here when you are ready to do business. 😉

Photo Credits:
Arco Wand Vacuum Cleaner by Marxchivist via Flickr
23.4.2009 by Miika Niemelä via Flickr
Hey Dorks, Who Is Your King Now??? by Rob Boudon via Flickr

Podcast: Play in new window | Download

Social Media ROI, Marketing Cost, and the Willingly Confused

Social Media Sends Mixed Signals

Many people have a very confused view of social media, and I can understand why. If you just look at all the ways social media is used, there should be little wonder how people confuse the issues. Some of the most bewildering concerns I notice surrounding social media are the return on investment (ROI) and the cost of social media marketing.

Millions of the world’s businesses understand by now that an investment in social media is vital to their success. Tragically, many of the same businesses are generally clueless about how and why they spend money with social media, and how to optimize their spending for the best results.

These same confused companies are further complicated by misguided notions that social media is limited to, or primarily intended only for personal socializing. They are the companies who question why a business would use Twitter, because that is where people announce what they had for lunch, LinkedIn is just for job-hunters, and Facebook is where old high school friends swap stories. That is social networking, and networking is important, but it is only one facet of social media. If you confuse this, and think that social networking is the basis for social media marketing, you will waste a huge amount of energy trying to sell to your friends, and others who already know you.

Believing that social media is just for personal socializing is a costly absurdity. It is the kind of absurdity that some companies will only discover after competitors have stolen away enough market share to demand attention.

Because of a lot of confusion, some people will say that the return on investment (ROI) of social media marketing is difficult or impossible to accurately calculate. I don’t think that is the case at all. If you have the right variables, calculating the ROI of social media becomes just another mathematical equation. The trouble is that so many people neglect or overlook the measurable data that really counts.

Social Media ROI Causes for Confusion

A first step to calculating the ROI of a social media campaign is to have a clearly defined campaign. That means having a strategy in place, and not just a list of tactics. It means producing a plan with a set of measurable outcomes. It requires creating and collecting customer modeling data, and using that data to reach your target audience.

Read the Social Media Signals

I have read and participated in a lot of conflicting discussions and possible answers about social media ROI, and most of it is very inaccurate or misleading. Many people will intentionally leave it open for a lot of confusion. After all, if people are confused, it is a lot easier to charge them money for things that are of little or no benefit. Calculating the ROI of social media is actually very basic, but that’s not what the failed real estate agent turned instant marketer wants you to believe. If they can convince you to just wait a little longer to see measurable results, they get paid more. Because of ignorance and greed, the debate of return on investment may never end.

In order to try and bring a little more clarity, let’s address two huge variables.

Social Media Branding vs. Increased Sales

Two very popular considerations for growing a business using social media are branding and increased sales. The two should work well together, but let’s face it, a brand can be really popular and still have a bigger drain hole than spigot. Even the most brilliant branding does not always make the sales hose filling your bucket as fast and powerful as the money drain leaving your bucket. There has to be a balance in order for the efforts to be sustainable and valuable to the company.

I find it very common for companies to lean too far in one direction or the other in their goals and attempts for successfully reaching their market. Confusing the value and cost of branding with the value and cost of increased sales is often when measuring social media ROI becomes completely muddled. Producing a balanced strategy is simply not as intuitive as most companies expect.

Building your brand name is extremely important. It builds recognition, trust, and sets your tone among the many other competing brands. It does not always have a proportionate result in sales. If you doubt it, look at it like this: You have probably encountered many great brands via social media, while it still didn’t bring you closer to buying from them.

In many instances, building your brand recognition will seem like it takes on a life of its own. When it gets to a certain point, it will grow and change, even without your input. People will talk about you more, and they will pass along your virtues by way of social media. They share your brand on Facebook, tweet about your brand, and they will become an influence to your brand (if you are paying attention).

Now, what about building those social-media-induced sales? All of the touchy-feely great branding and kind words about you can still lack a good reason to buy from you. There are a lot of companies I really like, but I am simply not their target audience. When I know somebody who can benefit from those brands, I pass them along. The brand reaches their target through me, and others like me, who become their connectors to their ideal target audience.

This is a fantastic outcome, but let’s face it, it is not always as efficient or as easy to come by as you may wish. It takes a lot of effort, and a lot of brilliance to produce a sustainable and self-propagating level of branding. It is a highly effective strategy for long-term growth, but it is also a very ambitious and frightening marketing endeavor in the beginning. Thus, a need for a balance between short-term and long-term marketing strategy.

Social Media Marketing is Branding, Advertising, and Much More!

I believe that some of the worst points of confusion in social media marketing come back to what marketing is, or is not. Both branding (long-term) and advertising (short-term and long-term) are extremely valuable when they are done well, but they require very different measurements to accurately calculate their respective ROI.

Which Way is the Right Way?

Companies often skip steps in their marketing, and then wonder why it is not measurable. This is especially common in smaller companies, because it is nobody’s full-time job to understand, monitor, and measure the company’s successes in this area. Instead, a lot of companies will try and “wing it” by assigning marketing tasks as an add-on to other job descriptions.

This is most profound as it applies to social media, but often because the people actually writing the checks have never had somebody explain the value and potential of social media from a marketing perspective. So they often just pin a badge of “Marketing Expert” on an unsuspecting employee who seems to have some aptitude (has a Facebook account).

When you decide how to set your prices for something, it is marketing. When you perform a market feasibility study, it is marketing. When you accumulate customer modeling data and use that information to better understand what people want and need from your company, it is marketing. When you set up a new Facebook or Twitter account and cross your fingers and hope for amazing business results, that is not marketing. That is dreaming. Dreaming is not measurable, and only seldom is it profitable.

Aside From Being Social, Why Should People Buy From You?

Without an expressed reason for people to become your customer, efforts will generally fall into the category of branding. This includes when they are right there on your blog, where you want them to be. As an example, I use my blogs and social networks for reaching out to be helpful, and that emphasizes my branding. When I say “I take coffee and cigarettes and turn them into better SEO and social media marketing.” … that is my brand. All of that helpfulness and broad recognition in my industry is great. It leads to many opportunities, but it is not what actually makes the sale.

On the other hand, when I say “Call me to find out how I can help you to grow your business with a measurable return on investment” … that is advertising, and that is also marketing, but it is not branding. It is how I earn a living, and it is what improves my social media ROI. The branding is just what makes more people comfortable to call, and confident when they write me the check.

As you can imagine, when it comes to spreading a word far and wide, branding statements and being useful to others will often reach further and faster. This is because they are generally non-threatening to anybody. While, although this information is good food for thought and useful to many, I have already diminished much of its social media reach by making an advertorial statement (above).

Regardless how useful what I wrote here is, many people will be far less likely to share it with others. Part of that is due to cynicism, and part of it is due to competition. It takes a lot of branding to make up for and repair cynicism and people’s disinterest and distrust toward advertorials, even within a useful context. This is why I say that a balance is very important.

If you do not understand and differentiate the value measurements of branding and the value measurements of other areas of your marketing, calculating your return on investment will always be a bit cloudy and confusing.

Am I wrong? Go ahead and tell me why and we will hash it out until one of us agrees. 😉

Related Articles:

Photo Credits:
Confused Traffic Signal by caesararum via Flickr
Confusing Signals by Luis Argerich via Flickr
Confusing Signage by Tara Hunt via Flickr

Podcast: Play in new window | Download

Building Equity in Social Media vs. Interruption Marketing

Interruption Marketing vs. Social Media

I know this may seem impossible in 2011, but I discover many companies that do not yet fully appreciate the value of social media and the long-term equity it can build for their business.

A lot of companies understand the value of their brand being visible in many places online, and some will understand the value of those people who help to grow its visibility. Only a relatively few actually look forward beyond the horizon to understand the greater value that social media represents over an extended time.

When I hear people say things like “we just don’t have time for all of that” or worse, “we don’t have the staff for that”, it always leaves me shaking my head. It reminds me why only a small percentage of businesses account for the lion’s share of their market. It is explained well by Joseph Juran’s well documented “Pareto Principle” named for Vilfredo Pareto. Many people know the Pareto Principle as the 80/20 Rule.

Consider the Interruption of Marketing

Think as a consumer for a moment, and consider the way you shut down to marketing. Think about how your brain just goes in another direction when companies interrupt you with their marketing and try to sell you stuff. We are each inundated by a constant barrage of commercial information about everything from A to Z in our daily lives. This is why we fast-forward through commercials on television, we screen our telephone calls, and we are seasoned to ignore advertisements on websites.

Interruption Marketing Train Coming Through

Unless you are really tired and vulnerable, you probably don’t stay tuned to that late night infomercial about something you really never knew you needed. Although, I can almost bet that you can remember a time when you thought “why in the hell am I still watching this?” Perhaps you can even remember thinking “Holy crap … I was about three seconds from picking up the phone to buy one of those” or even “Damn, I bought this … why did I buy this?!” It happens, and we each have our weaknesses, but let’s face it, we are far better adapted to turning away from all the hype. Otherwise, if marketers had their way, you would own one of everything, and you would have worthless crap in every nook and cranny, and stacked to your ceiling.

For the most part, we consumers make efforts to avoid these awkward moments which compel us to buy things. Why? Maybe it is just because, deep down, we hate saying “no”. If we can avoid the pitch, we can avoid wanting something, and thus, avoid saying “no” to our own urges, and the urges of those squillion salespeople out there.

Maybe you are different, and you enjoy that marketing interruption, but in that case, you are not like most people. I am addressing most people.

Marketing Got Sneakier With Social Media

Since there was so much information out there interrupting our days and nights, as a collective group, consumers became more cautious. We decided to make companies earn our business. Of course, the economy of the past few years has helped this along faster than ever. The timing was perfect for social media marketing to explode like a shot from a gun.

Maybe you like it, or maybe you don’t, but let’s face it, marketing got a whole lot sneakier. It became more targeted, and marketers became better spies. Effective marketing today utilizes more information, better strategies, and just a bit of James Bond 007-style of thinking.

Marketing Became Targeted and Marketers Became Better Spies

As consumers, we became more cautious and protective of ourselves. We got really smart and created clever ways to filter our television ad consumption, filter our email, and filter our social media.

In order to effectively reach us consumers, marketers have been forced to provide a greater value proposition. This is a hard concept for many companies to grasp. Today’s successful companies are giving before they take, and the ones giving the most are receiving the most.

Today, people are more likely than ever to make purchasing decisions based on trust, reputation, and a good old fashioned sense that the company gives a damn about us. We have come to expect it, and whether you feel this way yet or not, it is a sweeping trend. People want to do business with people, and with brands represented by people. The world is building relationships with brands, and those relationships are worth money … a lot of money. Missing this fact is a very costly mistake.

You can consider it sneaky, or you can consider it a welcomed gift, but brands are in our lives to stay. We will always need to buy things, and we buy from the companies and the people we feel good about. When the brand is there to help us with information, and with a legitimate desire to help us make good decisions, they win, and we buy.

Shortsighted Brands Damage Their Social Media Future

A huge obstacle which gets in the way of social media marketing is time. Companies want everything, and they want it right now. It is understandable, but when companies forget the importance and value of longevity, and when they feel the breath of their competitors on the back of their neck, they can be quite irrational.

Smart Companies Have a Social Media Vision

Smart companies look far ahead into the future. Rather than take a reactive and panicked approach to a weak quarterly report, they work with an eye toward longer goals. Strong companies can look farther ahead, and that is why they succeed farther into the future. Applying this to social media marketing means doing business the right way, and not simply with the urgency of trying to force a brand down the consumer’s throat. This means doing business on the customer’s terms and timelines, and not only in a one-way company-centric method of the past. Consumers respect companies for this, and they return with even more consumers following closely behind them.

What About Social Media Marketing Equity?

I know that for some people, it is easy to look at social media as a bunch of time-wasting crazy people who believe that somehow the world’s consumers will come flocking to their front door just by using a nice, soft approach and patting everybody on the butt with nice words. Well, maybe yes, and maybe no, but there is a very significant value in a good reputation. Reputations do not just happen … they are built. It takes a lot of effort to build a good reputation, and it takes both words, and deeds.

Anybody in business today should understand the value of word of mouth. What people say about a company, whether good or bad, forms consumer’s perceptions of a brand. More than ever before, they are not just picking up the telephone and talking to a friend, or talking about companies at a lunch meeting. They are talking about them in large groups such as Facebook, Twitter, LinkedIn, YouTube, and etcetera.

Whether the perception is good or bad, they will be talking. Either outcome cannot be controlled by a company, but when a company is not involved in their own brand message, they are missing huge opportunities. Even a negative statement made in social media is an opportunity to make things better with customers, and other potential customers who are silently watching.

People really do notice what companies are doing online. I realize that for a lot of companies, this just seems impossible, and they do not have a good grasp on how to track their reputation. Just because a company does not really “get it” does not keep them out of trouble. This would be about as silly as trying to talk your way out of a speeding ticket just because you didn’t read the speed limit sign. It just doesn’t work that way.

If you feel a bit lost about the value of social media, it is time to read the signs.

I will leave you with a video which I believe makes some very good points. I believe that this video titled “The Thank You Economy: How Business Must Adapt to Social Media” is well worth your time and consideration.

If you feel like you still have more to learn, please subscribe to my blog, and as always, feel free to email me or ring me on the phone. I am always happy to hear from readers and to brainstorm.

I hope that you have found this useful, and I would really appreciate your comments.

Photo Credits:
Skyline photo by Hackfish via Wikipedia
Train Crossing photo by Paul Heaberlin via Flickr

Podcast: Play in new window | Download

Facebook Advertisement Declined: Is Facebook Nitpicking?

I have heard people question how Facebook can support 650 million accounts and remain free to users. Some people have even held the absurd notion that Facebook will someday charge users.

Funding Facebook is something that most users don’t give a lot of thought to, as they connect and have fun with their friends. Most people will easily overlook the huge volume of advertisement dollars Facebook generates from their ads. Advertising is a very successful business model on the Internet (REF: Google, YouTube, Facebook, and etcetera). It is how Facebook makes money, and those advertisements facilitate Facebook’s bloated $50 Billion valuation in January 2011.

Internet users are very accustomed to seeing advertisements. Many of us became relatively immune to much of the advertising, years ago. Yesteryear’s ads were not very well targeted, and many still are not, but that is not because of the tools.

As the Internet grew smarter, ad targeting platforms became smarter. Advertising targeting and reporting is vital to a campaign’s success, and so the tools have evolved to meet the challenges. Facebook has done extremely well in this area, and I commend them. Their system provides for excellent demographic, geographic, and psychographic modeling and targeting, and should not be underestimated.

Facebook advertising can be an excellent tool for business. Make no mistake about that! The information you can learn from Facebook’s ad reporting can provide great insight to a marketing campaign. I explained more about the value and usage of Facebook advertising in a previous article titled “Facebook Marketing: Pages, Customer Modeling, Promoting, and Awesomeness“. That article is great reading for anybody who wants to understand the value of Facebook marketing.

I like Facebook, and I even like the new Facebook profile.

An Unqualified Rant About Facebook Ads

Here is my unqualified rant. OK, maybe it is a little bit qualified, but I realize that some people will whine, snivel, and argue that I am wrong. I do that to people. I give them something to talk about.

I know Facebook ads well. I have used the Facebook ad system for client projects of many types, and I have had a mostly great experience with it. Facebook reviews each ad submitted to their system, and either approves or declines it, and they are doing a good job of it. When a friend recently complained of having his ads declined by Facebook, I thought he must be doing something wrong. After all, I never had an ad declined, but now that has changed.

I finally had my first declined Facebook ad a couple days ago. At first, I thought it was no big deal. Then I realized how silly their reason was for declining the ad. I will show you the ad, explain why it was declined, and also why I think it was nit-picking on Facebook’s part.

First, I will explain that this ad was intended to reach a targeted group of people as a part of my campaign to stop providing marketing consulting services. You see, I am not-so-secretly tired of selling what I do. I love doing what I do, but I do not enjoy the short-sightedness and lack of strategy that I witness with so many companies when it comes to their marketing. I said it well when I wrote “When I Go to Hell, They Will Have Me Selling SEO“. That is because selling the kind of marketing services I provide often makes me feel like I am trying to explain quantum physics to third graders. Perhaps more to the point, it feels like explaining the color blue to blind people.

This ad was targeted at headhunters. You know, those executive recruiting folks. It was to lead them to my aWebGuy Facebook page. Specifically, it was to lead them to the “My Tools” tab of the aWebGuy Facebook page.

I am not applying to companies for open jobs, but I am interested in a long-term objective outside of independent consulting. I know, it may sound like a big step backward. I just want to enjoy my work without having to feel like a third grade teacher while talking with new clients.

I moved far beyond the typical marketing job ages ago, and the type of work that I am qualified for is often not advertised on job boards. It takes a slow-burn approach, and so I want to be sure that headhunters recognize my name when they find themselves seeking to place a new Director of Marketing or VP of Marketing.

The image above is my proposed ad, and Facebook’s reason for declining the ad was explained as follows:

“The image included in your ad is not suitable to appear on Facebook. Before resubmitting your ad, please visit our Help Center for additional tips and examples compliant with our Advertising Guidelines.”

At first, I thought “It is just a picture of my birthday cake. How could that be so offensive?” Then I realized that it was declined for a violation of Facebook Advertising Guidelines section 5 d iii. You may wonder, “What is 5 d iii?” Well here you go:

5. Prohibited Content

d. Ads cannot contain, facilitate, promote, or reference the following:

iii. Tobacco products;

Stand Up for Facebook Ad Rebels!

Here comes the silly part. Based on the targeting criteria, and Facebook’s advertising guidelines, I could have used a couple hookers and a bottle of Scotch, but not my birthday cake. I guess I must just be a real life badass if my birthday cake is banned from Facebook ads, but that’s how I roll!

I love marketing for clients, and I serve them very well, but there is a unique challenge to marketing myself and my future. When it comes to marketing myself, the approach is quite long-sighted. That is because I must be selective about the buyer. This is where you come in, and I am asking you to stand up for my rebelion. Do you know any of those headhunters who should be aware of me? Pass my name along, will you?

If you think Facebook was nitpicking, please click my “Like” button and share this to show that even the rebels have a place on Facebook. Otherwise, you can “Lump” it and just keep reading my blog.

One More Thing! Do you find my birthday cake to be offensive? Go to the aWebGuy Facebook page to see the entertaining back story.

Podcast: Play in new window | Download