I have a confession to make. Three years ago, I didn’t know much about how social media could be applied to business. As a classically trained direct marketer, I struggled to reconcile this new platform with what I’d been trained to do my entire career; drive quality responders at the lowest cost possible. It was difficult to find 1:1 correlations between investment and return in social media marketing. Besides, there were more fundamental things to tackle that would bring us results faster.
On the other hand, I recognized businesses would not be exempt from the massive change sweeping people-to-people interactions. Increasingly, our customers would want to interact with us through these same channels. Intellectually, I knew I had to expand my skill sets and evolve as a marketer in order to stay relevant. Continue reading
The last few weeks have reinforced one painful truth for me. You can’t get through an entire marketing conference without someone comparing the B2B lead funnel to marriage.
At some point over the course of that event, you can be certain a brilliantly original marketer will compare the process of buying software, industrial machinery, professional services, or some other high ticket B2B item to walking up to a man or woman at a bar, buying them a drink, dating, and finally, marriage. Which is of course, always the end goal when you walk up to someone at a bar, right? Right…
Perhaps the analogy to a linear, increasingly intimate relationship culminating in a decision to spend the rest of your life with someone made sense at some point. But if it ever did, it most certainly doesn’t anymore. Why? Continue reading
You know that friend who’s always talking about new products and trying to get you to use them? Well, it’s becoming more and more likely they’re being paid to do it.
And why not?
An individual’s span of influence is no longer the dozens of people he/she might come into physical contact with. Now it’s the hundreds, thousands or hundreds of thousands of followers, fans, and “friends” he’s amassed.
With that potential to impact a company’s sales, why shouldn’t those influencers be paid for the power of their persuasion? Shit, celebrities get money for this stuff all the time. Larry King is on Sunday morning television every week pushing Omega XL (and reminding us he’s still alive). What’s the difference between paying Larry for access to his reputation and audience, vs. paying a blogger with 100,000 followers for access to theirs.
The truth is, there is a difference. It lies in transparency, context, accepted norms, and how we decide to compensate our social media influencers. Continue reading
Walt Disney. Louis CK. Steve Jobs. Nate Silver. Ellen DeGeneres. Bruce Springsteen.
What do all of these people have in common?
Besides the fact they all have more Twitter followers than I do, they’ve also made a successful career out of telling stories. In fact, they’re among a recent widely circulated list of the top 10 storytellers in the world.
I tell stories too. And I like to think that similar to the distinguished list of business leaders, musicians, comedians, and political data junkies above, the stories I’ve told have helped me with my own success.
Recently I’ve been working on my story around Pull Marketing, and the measurable contribution it can make to a company’s revenue. While our unofficial list of the ‘world’s best storytellers’ tell very different kinds of stories, I’ve learned something from each of them about common mistakes to avoid when talking Pull. Continue reading
“Se acabo la fiesta.”
I must have heard that a thousand times as a kid. Literally translated, “party’s over”. But my mother would use it more broadly whenever she’d had enough of whatever I was doing to piss her off.
If my mother were a technology company CEO, she might say the same to her marketing department. Continue reading
A few years ago a manager said to me, “If Adriel went away tomorrow, what wouldn’t get done? The answer to that question is your unique contribution to this organization. Think about it carefully, and don’t forget it.”
Lots of introspection and half a bottle of Scotch later, I came up with what I thought was a pretty good list.
Every now and then I take out the list and re-evaluate whether those unique contributions are still true. But more importantly, I assess whether they’re still creating sustainable value to the organization that happens to be ‘leasing‘ my capabilities at that moment. Because if they’re not, I’m in trouble. Continue reading
The CDC is now listening to what people say on social media to track outbreaks of the flu and other viruses. Researchers at the University of Warwick were able to increase a mock stock market portfolio by 326% between 2004 and 2011 by looking at search patterns in Google Trends data. The predictive power of social media in political elections is being watched carefully by candidates around the world.
I’ve said before that good marketing adapts to the world it inhabits. People aren’t just talking politics, stocks, and complaining about being sick on social media. They’re also discussing business pains with their colleagues, researching products and services, and praising or complaining about you.
A couple weeks ago, I gave a presentation on how to use this data to make better business decisions at the Social Media Strategies Summit in Chicago. Below are 5 key enablers I shared with the audience. Continue reading