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Archive for Communications Strategy

Word of Mouth (WOM) marketing is the newest buzzword, so it seems.  Michael Stelzner devoted a column to it in Social Media Examiner today when reviewing location-based social networks like Foursquare.  And no less an authority than McKinsey, the consulting firm, has carried two articles about WOM in recent months.

Social networks are providing a natural platform for marketers to try out coupons, contests and giveaways to generate buzz and sales.  You’d think that they had invented something brand new.

Word of Mouth (WOM) the new buzzword

I’d like to take this opportunity to pay tribute to the woman who virtually invented WOM, or viral marketing, way before the Internet enabled legions of communities on Twitter and Facebook to spread news around the world at the speed of sound.

Viral Marketing

In the 1980s, Linda Pezzano got the assignment to promote an obscure board game, called Trivial Pursuit.  Linda was a friend, and before her untimely death in 1999, she showed me a presentation that she gave at marketing forums about how she reinvented the way games are marketed through viral marketing.  Selchow & Righter, which bought the rights from the Canadian inventor, couldn’t afford traditional advertising.  On a PR budget of $40,000 (about $88,000 today), Linda developed a program that generated sales of 1 million sets in the first year – an astounding and unimaginable number – without a penny spent on advertising.

The Story of How She Did It

What she did then is commonplace now, so let me tell you the story of how she did it.  Linda convinced the company to let her send the game to the 70+ Hollywood stars mentioned in the game, such as Gregory Peck, James Mason and Pat Boone who liked playing it so much they sent her letters of thanks, which she then proceeded to use in her promotions.  She also sent teaser mailings to 1,800 top buyers who would be attending the industry’s major trade show, the 1983 New York Toy Fair.  She also sent sets to radio talk show hosts and staged game-playing events at parks, bars, restaurants and ski clubs to get WOM going.  The rest, as they say, is history, with Trivial Pursuit becoming one of the most successful board games ever launched.

I just want to point out that many of the marketing techniques in use today in social media aren’t new. We are standing on the shoulders of pioneers like Linda Pezzano, in viral marketing, John Caples in direct marketing, and Edward L. Bernays, long recognized as the “father of public relations.”  They achieved great things without the Internet, proving that original ideas are still the currency of successful marketing campaigns.

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The lifeblood of a business is sales.  Proven sales and marketing techniques are as valid today for the small business owner as they were before the social media revolution.  They will attract customers and fill your piggy bank.  I learned this the hard way.

Proven sales techniques will attract customers and fill your piggy bank

I reluctantly became an outside salesperson some 30 years ago during the recession in the early 80′s.  I was out of work, almost broke, new house and daughter, stay at home wife, etc.  My resumes went unanswered.  Eventually I secured a starting sales position with a top publicly held company.  I went through a professional in-home sales training course, highlighted by a trip to New York City.

Instructors told attendees to ensure that both husband and wife were present and sitting around a comfortable table in their home.  We would then make a carefully orchestrated  presentation.  They also emphasized handling every known objection.  This would lead to a one-time sales close.  Balderdash!

I already knew that selling is not a one-way street. One of the best ways to establish two-way communications with customers and potential clients is by asking open-ended questions that don’t allow a mere yes or no response.  Let your prospect or customer do most of the talking.  Listen, observe and learn.  They will tell you what they are interested in.

In that entry-level sales job, I dealt with educated people in a higher income bracket.  They could easily see through the high-pressure smoke screen.  I analyzed the situation and applied the above methods.  I asked questions and met with one or both spouses where they wished, applied low pressure consultative sales tactics, came back a second time, etc.  In short, I did whatever I needed to make them feel comfortable with the product and this most often led to a sale.  I diverged from the normal routine and had a successful sales career spanning almost three decades.

Nowadays, you can begin the conversation with prospects on the web by starting a blog, an e-mail campaign, newsletter service, series of videos or other suitable vehicles to communicate your company’s news and information.  Become known as an expert in your field, the go-to person.  In all these communications, request and promptly reply to feedback.

Combine these with innovative marketing techniques that separate you from your competition.  Run contests or offer prizes.  When I owned a retail store, we promoted a student discount for customers who achieved a specific grade point average during a grading period.  This generated free publicity from all the high schools in our area!

As I wrote in my blog earlier this year “Superior Customer Service,” reducing customer stress as well as promoting customer service will succeed over cutting price and high-pressure tactics every day of the week.

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Michael Yublosky, MBA, is a successful self taught do-it-yourself Web master and E-Marketer.  He combines 30+ years of professional consultative sales experience with sales and marketing management, training, coaching/mentoring. Michael shares his knowledge with similarly minded small business owners and managers as well as self-employed entrepreneurs through classes and seminars. His free tips and down loadable PDF files can be viewed at DIY Web E-Marketing.

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If you’re into social media, you will probably find this list of social media links to be helpful.  Thanks to Silicon Beach Training for compiling it.  There are no doubt other popular sites that are missing, but it’s pretty comprehensive. Feel free to add your own favorites.

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Steve Forbes, CEO of Forbes Magazine, is asking his employees to promote his account on Twitter so he gets more followers.  I’m all for companies enlisting their employees as brand ambassadors.  And Forbes is certainly one of the best-known brands in reporting business news – Steve Forbes having been a presidential candidate and scion of one of the most famous media families in the business.

Steve Forbes

But Forbes and other business media (I just looked) are far behind companies in other industries in leveraging social media. That’s strange because Forbes, Business Week and Fortune, to name just three media giants, are in the business of communications, n’est pas?

According to a report in Media Bistro, a memo was circulated to staffers that reads, in part, “If you are on Twitter, it would be great if you could mention Steve’s account @SteveForbesCEO, and let your own followers know he is now tweeting. If you aren’t on Twitter, now is a great time to start getting involved!” (not to be catty, but isn’t using CEO in his moniker just a little pompous?)

As of today, Steve Forbes had 1,1718 followers. Pretty puny compared to non-communications companies like Zappos, best known for selling shoes.  Zappos CEO Tony Hsieh has 1,697,254 followers, and the company boasts of having 501 employees with Twitter accounts who are focused on customer service. Many companies have embraced social media and are leveraging Twitter, among other networks. Comcast, IBM, and the airlines (they use Twitter for updates on price deals) are just three examples.

Other Laggards

Forbes isn’t the only laggard.   I decided to check out other business editors on Twitter – have you tried to locate the masthead online of Forbes, Business Week and Fortune?  I did and couldn’t find them. So I Googled “Business Week editor” and up popped Josh Tyrangiel. Hope he’s still there.  In any event he isn’t on Twitter although @bw is the company account, with a modest 7,782 followers.  Of interest, Zappo’s was named a Business Week 2009 Customer Service Champ.

Fortune does better with 98,744 followers. While online, I found a story in All Things Digital from March about Fortune’s redesign as a print magazine. They’re just getting around to updating their website.

I find it surprising and a little disappointing that the media giants in the business of communication are not leaders but followers. Their advertisers are way out ahead of them.  Soon they may not need the media giants at all to reach their customers.

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