Tag: Marketing

  • A picture is worth 10,000 words – or a marketing meeting

    Funny – here at work at the Student Loan Network, I just had a meeting with our marketing director about a press release. The topic of the press release was to emphasize how we’re still open for business despite all the credit market turmoil, how not everyone is going out of business, etc. What was funny was that the entire press release and discussion could easily be summed up in one picture, but it’s difficult to make that fit the press release format.

    Instead of four dense paragraphs, what if I put this graphic up on the Student Loan Network homepage?

    A picture is worth 10,000 words - or a marketing meeting 1

    I think that would have about the same meaning as the press release, but it would convey that meaning almost instantly. Here we are. Open. Even late at night.

    Hat tip to Chip Griffin for the photo under Creative Commons.

    Did you enjoy this blog post? If so, please subscribe right now!

    A picture is worth 10,000 words - or a marketing meeting 2 A picture is worth 10,000 words - or a marketing meeting 3 A picture is worth 10,000 words - or a marketing meeting 4

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • New media has gotten marketing confused

    I had an epiphany of sorts in the shower.

    What a lot of new media folks talk about – audience building, impressions, and the dreaded M word, monetization – is not marketing.

    Marketing is the sharing of ideas.

    So what is all the stuff we in new media talk about? Sales. Whether it’s pay per click ads, podcast subscriptions, blog readers, speaking gigs, whatever your metric is around getting someone to take action, that’s sales.

    Marketing is the sharing of ideas.

    Sales is the conversion of ideas into actions.

    It’s the job of marketing to share ideas with the audience, to help them to understand what they’re missing out on, what value is awaiting them. It’s all about the content. Content is king, so the cliche goes.

    It’s the job of sales to turn those ideas into actions. Create the path for people to take. Make it easy for people to do what you want them to do. Tell them what you want them to do. Click here. Subscribe now. Call the comment line. Leave a comment on the blog. Upload your webmail contacts. That’s all sales – do, do, do.

    Once the sale is over, it’s back to marketing, back to sharing. Marketing takes over and reinforces to the audience that the action they took was the right one. Marketing continues to provide value upon value until the customer is so enamored of what you’re doing that they are compelled to share with their friends – and they become your salesforce and marketing team.

    Share. Act. Share. Repeat.

    This is especially relevant because in many ways, I think we’re reading the wrong books.

    Most of my friends in new media are brilliant people. Smart, insightful, good at creating ideas and sharing them. Most of them also wish to be more, do more, achieve more, and this is where the disconnect is. There’s a gap between sharing and acting. Go to any blog and figure out what the action the blogger wants you to take is, and how easy it is to find. Get out your stopwatch, go to any podcaster’s web site, start the clock, and see how long it takes you to subscribe.

    Folks like Seth Godin, Chris Anderson, and the marketing folks are perfectly okay. They’re sharing the ideas, and they’re a source for our own inspiration.

    Note, however, when you ask any prominent blogger, podcaster, networker, etc. about their bookshelves, they never mention Tom Hopkins, Zig Ziglar, Ira Hayes, Dan Kennedy, Brian Tracy, etc. They never mention the sales books, the sales guys who can help get you from idea to action. Once the customer knows who you are and is willing to make a commitment, you as the new media outlet have to change gears and guide your customer, your audience, into action.

    If you want people to do more with your new media outlet, complement your marketing knowledge with sales knowledge, and you’ll blow past the competition in a heartbeat.

    Did you enjoy this blog post? If so, please subscribe right now!

    New media has gotten marketing confused 5 New media has gotten marketing confused 6 New media has gotten marketing confused 7

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Snapple Antioxidant Water tastes exactly like water doesn't

    As a followup to my previous Snapple Antioxidant Water post, Deana over at Snapple sent me a sample pack of Snapple at the behest of Chris Abraham, who I presume is marketing Snapple to bloggers. I got a 4 pack.

    Slackershot: Snapple

    Thoughts:

    • It’s sugary.
    • It tastes nothing like water, and a lot like Gatorade when you make it from the powder with more water than you should per scoop.
    • In looking at the ingredients, the first two ingredients are water and sugar.

    Is it good? I suppose if you’re a Powerade/Gatorade drinker, you’ll probably like some of the flavors. Personally, I’m more of a Red Bull/Rock Star fan than Gatorade for sugary drinks, on the premise that if I’m going to suffer the consequences of extra empty calories, I’d better get damn jittery from it, too. If Snapple made a “Closest Legal Alternative to Meth in Fruity Flavors” I’d give that a try, if for no other reason than the product name alone.

    As for the antioxidant water? I’m going to stick to regular water now.

    Did you enjoy this blog post? If so, please subscribe right now!

    Snapple Antioxidant Water tastes exactly like water doesn't 8 Snapple Antioxidant Water tastes exactly like water doesn't 9 Snapple Antioxidant Water tastes exactly like water doesn't 10

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • What I'll Be Sharing at PodCamp DC

    What I’ll Be Sharing at PodCamp DC

    A few people have wondered what I’ll be sharing at PodCamp DC. I’ve got two sessions blocked out, plus possibly a panel – we’ll see about the last part.

    Session 1:

    New Media Marketing: How New Media Powers Business. 10 AM Saturday. I’ve been working on refining this ever-evolving presentation which now includes aspects of sales, internet marketing, search engine optimization, and just about everything else, all linked to a framework that you can take home and apply to any product, service, or organization.

    If you’re thinking about using blogging, podcasting, social networks, or other new media tools to promote the ideas you care about, this session is for you.

    Session 2:

    Power Your Personal Network with LinkedIn. 3 PM Saturday. I’ll be co-presenting with Dan Williams, another LinkedIn Power User, on how to use LinkedIn to power your networking skills. This is a session by request from a few participants who’d asked early if there was going to be something about LinkedIn. I’ll be sharing a few of my tips about using the service, what it’s good for, and how to help you build your personal brand with it, including simple but effective techniques you can start using immediately for better results.

    Dan’s got even more juice to add to the discussion as the person on LinkedIn ranked #1 in the country for recommendations. He’ll talk about his LinkedIn stories and power tips as well.

    Session 3:

    Speed Mentoring: Promoting Your Political Ideas in Social Media. 4 PM Saturday. This is an idea based on Dan Patterson‘s PodCamp NYC panel about how social media is changing the political landscape. In this session, I’d love to put a bunch of us together and workshop either a candidate or cause’s social media efforts, showing where social media can optimize a campaign’s efforts to share and spread ideas.

    It seemed funny to have a political discussion panel at PodCamp NYC and not have one in the heart of politics itself, Washington, DC.

    This is not a discussion on politics itself – this is a collaboration, a brainstorming session, to help those individuals working at organizations with causes to power up their efforts. The ideas and techniques we discuss should apply equally to all parties, beliefs, and campaigns.


    I’m unsure whether or not uStream or other services will be available for the distance aspect, as I don’t know what the venue’s Internet access will be like, so if you can make it in person, great!

    If you plan on attending any of the sessions at PodCamp DC that I’ll be participating in, please feel free to ask questions in advance of the event itself – just leave comments here!

    Did you enjoy this blog post? If so, please subscribe right now!

    What I'll Be Sharing at PodCamp DC 11 What I'll Be Sharing at PodCamp DC 12 What I'll Be Sharing at PodCamp DC 13

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Andrew Baron Selling Twitter Account, Database For Sale?

    Andrew Baron Selling Twitter Account, Database For Sale?

    Chris Brogan raised the question people should be asking about Andrew Baron’s eBay sale of his Twitter account.

    What are you buying? What’s the value?

    Laura Fitton said on Twitter: “you can’t sell relationships.” You can’t. But you sure as heck can sell data.

    In the case of Twitter, you can’t export meaningful amounts of data from Twitter followers from Twitter directly.

    If Baron put up his Facebook account, that’d be a different story, because I can extract real data from it – names, email addresses, other contact information. At that point, it’s a database, and we buy & sell databases all the time.

    What would I pay for that? The going rate is about 1.50 per valid identity on the commercial markets – you can buy header files from credit bureaus with roughly the same data for about1.50 a head if you’re buying in bulk. Experian, Transunion, Equifax – all of them are selling YOU already, at a cost far below what your personal worth is.

    Companies are buying and selling your data all the time. I can’t give specifics, but of the companies I’ve worked for in the last decade, most of them bought customer lists at one point or another, and the sad reality is that your personal identity, information, and privacy are dirt cheap.

    You are for sale.

    A piece of Andrew Baron is for sale, as is his followers on Twitter.

    He’s just being transparent about it.

    Incidentally, if I were a current or future Rocketboom advertiser, I’d buy this account in a heartbeat and run some analytics on it. Who DMs or @s Andrew the most, about what topics, and are those people running media channels of their own that I should advertise on?

    Also, you can’t export data from Twitter. But you can cross-reference data pools you already have with Twitter. A social graph of Twitter cross-referenced with your house list and other social networks will tell you quickly who participates in that account’s first level relationships. THAT has value to someone who wants to market to Andrew or his connections.

    • Name? Maybe.
    • Location? Fairly often.
    • Friend count? Definitely.
    • Follower count? Definitely.

    Combine that with other data pools, and Twitter is giving me something truly usable, something that might be worth paying for.

    With the right tools, if I started with a million address email list bought on the cheap from a broker, I could use social networks – especially high profile ones like Andrew’s – to cleanse my list and determine if the addresses were of value. Remember, you can’t pull any data from private or protected profiles publicly – but if you bought a high profile account, you’d gain access to those individuals who established relationships privately but are still hidden publicly. Value.

    Oh yeah, and if you see a LinkedIn profile for sale, be afraid. There’s lots of usable data in there.

    Did you enjoy this blog post? If so, please subscribe right now!

    Andrew Baron Selling Twitter Account, Database For Sale? 14 Andrew Baron Selling Twitter Account, Database For Sale? 15 Andrew Baron Selling Twitter Account, Database For Sale? 16

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Marketing Sucks

    Marketing Sucks

    Marketing sucks. That’s the perception that many, many consumers have about marketing, for good or ill. Here’s an example of what I mean. Richard Mondello, a high school senior in Dover Plains, New York, recently wrote on his blog:

    In my opinion, marketers will always be marketers. It’s their job to manipulate you into purchasing their product or service, and this isn’t arguable.

    This is depressing, mostly because Richard’s right. Decades of bad behavior, bad marketing, bad advertising, and general shortsightedness on the part of corporate marketing departments have blackened the profession’s name to the very people we want to reach.

    At every opportunity for new means of communicating, bad actors work as fast as possible to piss in the pool in the hopes that they’ll be able to scrape up a few meager commissions or sales before being consigned to the bin of perpetual ignorage by consumers in that channel.

    Don’t believe me? Here’s one of my favorite examples – Twitter is 18 months old and has tons of clueless marketers trying to garner attention every hour of every day. Not a single day goes by when I don’t get a follower notification from some asshat marketer whose Twitterstream is only pimpage.

    How did it all go wrong? Short term thinking, short term vision. When companies, organizations, or individuals focus only on the short term, whether it’s quarterly results on the Street or whether you can get some action at the single’s bar tonight, the same desperation is created by short term thinking. That combined with a profit above all else mentality has turned marketing into the corporate equivalent of that guy in the bar who smells of equal parts aggression, fear, and desperation – and the target audience stays far, far away.

    Marketing can be more than this. Marketing can be more than desperate selling or attention whoring. Marketing can be, at its ideal, the sharing of ideas, the promotion of ideas. One of my favorite quotes from Seth Godin is that marketing can kill people. Bad marketing has basically been responsible for things like genocide in Darfur or the war in Iraq because the ideas that would have led to the most favorable outcome were not marketed as well as the ideas that have led to current outcomes.

    So how do we get from desperate, lonely attention whoring (buy my product! digg my article! watch my video! pay attention to me!) to the ideal McMarketing outcome – billions and billions of lives saved? It really comes down to a change in our perception of what marketing is. Look at what the American Marketing Association says marketing is:

    Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.

    Quick, close your eyes and try to remember that. I’d say marketing has a branding issue, wouldn’t you?

    Try this:

    Marketing is the sharing of ideas.

    The idea that college is affordable with the right solutions.
    The idea that a conference can be more than wooden panels and hotel food.
    The idea that a marketing podcast can inform and entertain.
    The idea that you can change your life for the better in an instant.

    We need to change our own belief system about marketing from corporate pimpage to the sharing of ideas, of knowledge, of insight. If you have a product or service that is unremarkable, that is not worth sharing, either change your product or create something on top of the product that is worth sharing. That’s been the basic idea behind the Financial Aid Podcast. Student loans – especially federal student loans – are commodity products. They’re fundamentally more or less the exact same thing, give or take a few minor details. So how do you make a commodity interesting? I couldn’t.

    But what I could do was create something else that was interesting – an internet radio show and new media initiative that changed how I thought about financial aid, and in turn helped others to change their ideas about financial aid. Instead of being a boring, obscure process that happened behind closed doors and in back room deals at conferences and golf courses, the Financial Aid Podcast has helped to bring at least part of the financial aid process out into the open, into the digital dialogue. It’s about sharing the ideas I’ve learned in financial aid with everyone and anyone who wants to listen and have a conversation about financial aid.

    Are my ideas any good? That’s for the audience to judge, but based on the results so far – thousands of listeners, thousands of friends on Twitter, LinkedIn, and other networks, coverage in US News & World Report, The New York Times, The Wall Street Journal, WCVB Boston 5 – I’d say that they’re at least worth talking about to some degree.

    If you’re a marketer, the very best thing you can do is to start figuring out what ideas you have that are worth sharing. Not products, not services, not pimpage, but actual ideas. If you work at a company that, frankly, has no ideas worth sharing, you either have to create them, or work for a different company.

    What are your ideas worth sharing?

    Did you enjoy this blog post? If so, please subscribe right now!

    Marketing Sucks 17 Marketing Sucks 18 Marketing Sucks 19

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Snapple Antioxidant Water is a Soft Drink

    A few folks have been mentioning Snapple’s new soft drink, Snapple Antioxidant Water.

    “Wait, it’s water, it’s not a soft drink!” I can hear Marketing shouting.

    I beg to differ.

    Exhibit A: water.

    Ingredients: Water.

    Serving Size: 1 cup (240ml)
    Servings per Container: About 2.5
    Calories per serving: 0
    Total calories per bottle: 0
    Total Fat: 0g % Daily Value (Fat): 0%
    Sodium: 0 mg
    % Daily Value (Sodium): 0%
    Total Carb: 0 g
    % Daily Value (Total Carb): 0%
    Sugars: 0 g
    Protein: 0 g
    % Daily Value (Protein): 0%
    Niacin (B3): 0%
    Vitamin B6: 0%
    Vitamin B12: 0%
    Pantothenic Acid (B5): 0%
    Vitamin A: 0%
    Calcium: 0%
    Vitamin E: 0%
    Magnesium: 0%
    Zinc: 0%

    Exhibit B: Snapple’s drink.

    Ingredients: Purified water, sugar, potassium citrate (electrolyte), citric acid, natural flavors, fruit and vegetable juices (for color), modified corn starch, calcium lactate (electrolyte), calcium gluconate (electrolyte), magnesium lactate (electrolyte), vitamin E acetate, calcium disodium edta (to maintain freshness), grape seed extract, zinc gluconate (electrolyte), vitamin A palmitate, EGCG (epigallocatechin gallate), manganese gluconate (electrolyte).

    Serving Size: 1 cup (240ml)
    Servings per Container: About 2.5
    Calories per serving: 50
    Total calories per container: 125
    Total Fat: 0g % Daily Value (Fat): 0%
    Sodium: 0 mg
    % Daily Value (Sodium): 0%
    Total Carb: 12 g
    % Daily Value (Total Carb): 4%
    Sugars: 12 g
    Protein: 0 g
    % Daily Value (Protein): 0%
    Niacin (B3): 20%
    Vitamin B6: 20%
    Vitamin B12: 20%
    Pantothenic Acid (B5): 20%
    Vitamin A: 10%
    Calcium: 2%
    Vitamin E: 10%
    Magnesium: 2%
    Zinc: 2%

    Lots of stuff in Snapple’s drink that you won’t find in authentic water, including the 125 calories per bottle.

    Is it a good drink? That’s opinion. I haven’t tried it, so I can’t say. Is it water? Hell no. It’s got as many calories per bottle as a 12 ounce Guinness, a small soda, a 12 ounce orange juice, and infinitely more calories than unsweetened coffee, tea, or water. If you drink 5 bottles of water, at the end of the day, you will have consumed 0 calories. If you drink 5 bottles of Snapple, at the end of the day, you will have consumed 625 calories, or a Burger King Whopper (no mayo).

    What does this mean from a marketing perspective? By calling it water instead of a beverage, drink, etc. – pretty much anything that’s not water – it’s inherently misleading. People who drink it without reading the label and believe that it’s a substitute for water are in for a surprise, especially in their waistline. And Snapple’s not alone, not by any means. Sobe, I’m looking at you. Call it what it is – a soft drink. It may not be carbonated, and it may have more vitamins than a Diet Coke, but it’s still not a water substitute, and drinking it in lieu of water, if you’re thinking about health and weight control, will unpleasantly surprise you.

    Updated:

    Antioxidant water!I did some quick checking around. I found that another beverage, based on the marketing tactics above, can also be called antioxidant water!

    Yes, it’s true – with only 160 calories per bottle, plus healthy doses of polyphenols, as many health benefits as red wine, and the antioxidant ferulic acid, here’s my antioxidant water!

    Please consume antioxidant water responsibly.

    Fun experiment: of all the people who drink antioxidant beverages, how many could even explain what antioxidants are?

    Updated again:

    Snapple’s marketing agent is going to send me some of their antioxidant water for a taste test and review.  I plan on reviewing Snapple, tap water, bottled water, and beer.

    Did you enjoy this blog post? If so, please subscribe right now!

    Snapple Antioxidant Water is a Soft Drink 20 Snapple Antioxidant Water is a Soft Drink 21 Snapple Antioxidant Water is a Soft Drink 22

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Learn to use the power of the Dark Side

    Learn to use the power of the Dark Side of the Force. Listen to the best marketing podcast ever produced in a doughnut shop with my friend and co-host John Wall. In this week’s episode, it’s a Google showdown between for-profits and non-profits, and why it will make your keyword costs go through the roof.

    Did you enjoy this blog post? If so, please subscribe right now!

    Learn to use the power of the Dark Side 23 Learn to use the power of the Dark Side 24 Learn to use the power of the Dark Side 25

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Google out to bat for non-profits, hits home run

    Google announced a slew of products specifically tailored to non-profits two days ago.

    First, all their apps – Google Apps for Domains, etc. – are all free.

    Google Checkout transaction processing is free to non-profits until 2009.

    Here’s the game changer. Google Grants is an application process to qualify for free AdWords advertising. Where commercial organizations pay out the nose for top keywords, if your non-profit is a certified 501(c)(3) and is chosen as a Google Grants recipient, you can go head to head with corporate America for mission-critical keywords and spare your budget.

    This is big – very big. It will give non-profits access to huge audiences and resources without needing huge budgets, and the smaller the non-profit, the more benefit they’ll be able to get if chosen for the grant.

    Hats off to you, Google. You may be Big Brother, but at least you’re more or less benevolent.

    Did you enjoy this blog post? If so, please subscribe right now!

    Google out to bat for non-profits, hits home run 26 Google out to bat for non-profits, hits home run 27 Google out to bat for non-profits, hits home run 28

    Get this and other great articles from the source at www.ChristopherSPenn.com

  • Starbucks is watching your every cup

    Today, Starbucks CEO Howard Schultz announced that they had acquired Coffee Equipment Company and its Clover system of coffee machines, single-serving cup makers that will let Starbucks customize your coffee for you.

    So what?

    The So What is this: Clover coffee machines are networked. They all speak to headquarters via CloverNet, and monitor EVERYTHING about your cup of coffee. From the web site:

    Know with CloverNet™, a service that gives you web access to your Clovers. Find out what’s brewing on each of your Clovers right now, and visualize business trends through real-time charting. CloverNet also makes it easy to update brew parameters for all of your coffees, and to keep your Clovers in peak operation through system monitoring.

    Starbucks doesn’t give a rat’s ass about the coffee – the machines are pure marketing wizardry, giving real time data flows to central command. This is what makes Clover and CEC a smart acquisition.

    Starbucks: Because Google shouldn’t have a lock on Big Brother.

    Did you enjoy this blog post? If so, please subscribe right now!

    Starbucks is watching your every cup 29 Starbucks is watching your every cup 30 Starbucks is watching your every cup 31

    Get this and other great articles from the source at www.ChristopherSPenn.com

Pin It on Pinterest