online branding Archives - Page 2 of 3 by Mark Murnahan

Hypocrisy in Hiring Social Media Services

Many companies want a bigger, stronger, and more productive online audience. So, it makes sense to look toward the Internet when they need help, right? It seems a common answer is “no”.

It may seem strange that so many companies need and want help to market themselves better online, but yet, turn to an offline connection to help them do it. A lot of companies who are in the market to hire a consultant for their online marketing are seeking a warm handshake, meetings in-person, and looks in the eye. They are understandably cautious about this sort of service. It makes sense, but yet it doesn’t.

The topic came up in a conversation with a friend earlier today. He is excited about partnering with a company that provides social media consulting services. He gave me the web address, and said he had spoken to them about how I am able to help them with their online presence. It sounds crazy, right? The social media consulting company needs social media help.

What shook me was that he said they have more business than they can presently handle, but their online presence is miserable. How miserable? They have sent under 100 tweets on Twitter, their latest video on YouTube had under 50 views and was uploaded over a year ago, and more than I can express, it was simply atrocious! Even the big rage online marketers have been touting lately … Klout (the online influence measurement company) did not have a profile for them.

Oh, but they’re selling like mad, so it really made me question the logic. How can somebody be successful at something without a demonstrated ability to do it? Even if they can do it, how can they be taken seriously if they don’t practice what they preach? This may sound just a bit jealous, but for many years, I thought I actually had to prove that I know my business. I have been wrong, and I see similar instances all the time. I think they must just smell really good, but I’ll explain that.

This is one side of the hypocrisy, but I’m not to the good part yet … the buyer’s hypocrisy.

Smelling is Not Due Diligence … Research Is!

I certainly recognize and respect the human aspects of doing business. It feels good to look somebody in the eye, and a lot of people believe they can tell a person’s integrity from their body language. Of course, it helps if you have training in the field of psychology, or spent some time as an F.B.I. agent. Let me tell you, though, there are plenty of people who will fake anything for money … I’ve met some of them.

I’d like to point out some things I’ve learned from over a decade and a half in a line of work where I have met less than one tenth of one percent of my customers in person. It really doesn’t hold the benefit to the client that most people imagine and hope for. It actually turns out that it is a whole lot more beneficial to the seller than the buyer.

Here’s where the buyer’s perception gets screwy. Think about this for a moment: Doesn’t this seem hypocritical to imagine a company that wants to sell more online, but cannot make their own fact-based judgments online? Companies often seek the faith of their customers online, but they, themselves, do not have the faith they ask from others. They have the tools at their disposal for making rational and logical decisions, but prefer to use a less effective and less objective tool set, in their meeting room. What’s worse, it often hurts the buyer, by opening them up to whatever brand of fairy dust is being pumped into the room.

Meeting in person will not tell you if somebody knows the Internet as accurately as their demonstrated abilities online will show. In fact, it will show a whole lot less than spending some time with our old friend Google. The only thing shaking hands and talking in a meeting room will reliably prove is whether they know more about the Internet than you do. It will not prove whether they know more than your competitor, and it will not prove whether they know how to produce an appropriately targeted audience, or even a fraction of what they say. Spending time researching them online is what proves those things.

Sitting across a table will not tell you if they are a crook. Ironically, you have to look online for that! The only thing it will really tell you beyond what you can learn online, over a telephone communication, or a Skype video conference is how they smell.

I’ll just tell you right now … I smell like cigarette smoke and coffee, but I can bend a crooked online marketer over my knee and whip them like the crybaby sissy bed-wetter they are.

Rational Thinking Eludes Confused People

It may just be a little too rational for companies to seek social media services where they can actually shop and compare, and can see who has demonstrated abilities or does not. Companies are made up of people, and people are not rational and logical about things they don’t fully understand, such as social media marketing, search engine optimization, and other areas of online marketing.

I’m too deep in the online side of this equation to be objective, but I categorize this as an absurdity. It seems as hypocritical as it gets for a company to ask customers for faith in something they fear too much to embrace. My best guess is that they are just waiting for a good smelling pitch man.

What do you think? Please share your comments on the topic.

Oh, but wait … here is some bonus material.

Where Can You Find Good Marketing People, and How Will You Know?

Just when I thought I was done writing about this topic, I realized that it leaves a question open about a better way to seek an online marketing professional. I do not have all the perfect answers, because that question has a lot of possible conclusions. I’ll give you a couple thoughts that may help you.

First and foremost, consider how you arrived here. If somebody sent you here, ask them what else they know. Sure, there may be a few dummies reading my blog, but I would suggest that many of them I have encountered are pretty bright, and have a strong interest in the areas of social media marketing and/or SEO. Look at the comments here on this article and check those people out. If they have been reading for a while, they probably have some pretty good ideas about marketing online.

Of course, if you arrived because I brought you here … call me … ask questions. I am for hire! Even if I cannot help you, I’ll try to suggest a good match and avoid a costly catastrophe. I am not a good fit for everybody, and I only take on one to three clients at any given time, but I sure know a lot of quality people in my line of work.

Your best fit will depend on your needs and expectations. If you want marketing excellence, it may require more digging, and the investment will be much higher.

If you are trying to keep within a small budget, or you have a tight time frame, be sure to understand how and why it will affect you return on investment. Discuss this with any potential marketing professional you are considering. Be sure they have an acceptable answer for you.

I must suggest, just as I have previously explained about search engine optimization, many of the best marketing people are not looking for you. It is also true, in my case, and I believe many other do not enjoy the sales process of their work as well as they enjoy the work they do. So, it may be best to not expect them to do a lot of schmoozing.

In any instance, the most important factors regarding their experience and knowledge will be found online. If they are good in their line of work, they will be very easy to discover with a search for their name on Google. Look at what they are doing online. Check them out. See what others are saying about them. Read their blog … a lot! It will give you a much clearer view of their ideas and their methods.

Finding the right fit will be worth your effort. Due diligence takes patience, but it will save you a lot of money and hassles! On the other hand, a horrible mistake I see companies endure is believing that because a friend, acquaintance, or somebody in their area knows just a little about Twitter or Facebook, they are safer with that, than to risk the effort and do a little research. Maybe they really are the right one, or maybe they are not. If the way they smell is used as a primary measurement, the company gets what they deserve. It is often how companies end up with fakes like these “marketing experts”.

OK, so I’m asking again … What do you think?

Photo Credit:
NO MORE PROTESTS by hobvias sudoneighm via Flickr

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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. 😉

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

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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

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How To Sell Paper Clips: A Closer Look at Marketing

Think about paper clips for a moment. They are about the most basic thing you will find in your desk drawer. When you consider your marketing, try to imagine selling paper clips. You probably do not think much about what brand you are buying when you need to replenish your paper clip supply. This is likely true of your product or service, too. Unless people have a good reason to remember you, it will be a lot harder to grow your paper clip market share and to become more prosperous.

If you challenged multiple companies with a truckload of paper clips to sell, somebody would sell out sooner than the rest. One would almost surely hit their stride and empty that truckload of paper clips before the others, and there must be a reason.

A basic essential of marketing is to get people to talk about you in a positive way. When other people talk about your brand, it is far more valuable than when you talk about your brand. This is proven every day, and in many markets. Just think about the ones you remember and why you remember them.

In order to emphasize the point, I have created this short video to show you how to sell more paper clips. I hope that you will enjoy it.

Addendum: After comments from Jim Rudnick at Canuck SEO (JVRudnick) both below and on social networks, I picked up the phone to call and thank him. We chatted and he told me of a remarkable story about a man who traded a paper clip for a house. If you doubt the value of good marketing and how to build value in something as simple as a paper clip, you should see the story of Tyler Wright.Thanks for sharing, Jim!

Influence Marketing: Reach Your Market Through Their Influencers

I woke up to another Monday today. Monday is the day I ask myself the question again, “Are you reaching the right people?” It goes a bit deeper when I start asking “Are you reaching them with the right message?” If I can answer both of these with the affirmative, the next step is to repeat it and try to be sure the message continues to reach the right people, with the right message, and at the right time. Getting the right time means doing it again and again until their time is right. At the top of my list is reaching the right people.

How To Reach the Right People … The Influencers!

I think for a lot of people trying to reach a market, the question of how to reach the right people totally confounds them. It is actually a bit tricky and it takes some serious thought. It gets easier with training, experience, and research, but it is always a challenging part of marketing. Good marketing often means reaching the buyer themselves, but the best marketing often means reaching the people who influence the buyer. It is called influence marketing. Knowing who is an influencer and who is a buyer is an important step to knowing the right message to deliver. Getting it wrong means wasting a lot of time and money.

Car companies learned about this a long time ago. They realized that, statistically, men will be more appreciative of the 7.0L V8 engine and the 505 horsepower, while ladies will care more about the handy button to automatically move the power seat back to where she left it (before her gearhead husband got in and moved it). They segment their market and deliver a different message to reach the right person with the right message. By doing this, they are selling features to each party, but they also know that if I want that 7.0L V8 engine, I will use that silly seat button they told me about to influence my wife. Now that is how to get a car sold! Reaching the right person very often means knowing more than just them, but also who influences them, and how.

If I was selling wedding dresses, I would know that the bride is not always the only participant. There is another important point of influence. I need to reach her father with the message that his little darling will feel like the princess she wanted to be when she was five years old and that this is that moment she had planned for all those years. I need to reach the bridesmaids who will tell the bride how gorgeous that dress makes her look. I need to reach the influencers or the whole thing could be shot down and I have just another expensive dress on the rack.

For me, I consider who reads my work. Exactly who is attracted to a blog about marketing? Probably people who have a product or service to offer, right? The fact is that it is mostly people who would never in a million years consider paying me to help them build their market. This is just fine for me, because it helps me focus on being useful. If I am useful, people will come back. If I am even more useful, they will pass it along to others in their circle of influence. Because I know that most of my readers are not directly in the market to buy my services, the focus is a lot more on being helpful. Reaching the right people means reaching the influencers, and not just the buyers directly. Seriously, most CEOs and VPs are not looking for me. My job is to be sure they find me, but when the message is delivered by somebody influential to them, it is better than if I deliver it right to them. That is crazy back-door thinking, right? Not really. Just imagine the marketing assistant who says “I like this guy, boss. We should talk to him.” That influence will always go a lot further than just reaching the boss and explaining how great my offering is. The right message is that I am not the competition, but rather here to be useful. The right timing means that readers will subscribe to my blog and find me again when their timing is right.

If you want to reach the right people, you often must look far beyond the obvious target. Think about how you can better reach your market influencers. It is Monday, and it is a great way to start your week.

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