Business psychics

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

CrystalBall

I predict that marketers will have great fun but lose even more credibility with this new strategy: tuning in to business psychics. That’s right. All kinds of businesses seem to be turning to psychics, otherwise known as “intuitionists,” to make important decisions, according to a Newsweek article, “The 10,000-a-Month Psychic.”

Kevin Clancy, author of Your Gut is Still Not Smarter Than Your Head, has a good post on what this trend means to marketers over at The Marketing Fray.

“Aside from the utter lunacy of a business hiring a psychic for anything other than entertainment at the company Halloween party, we’re concerned that when business folk want to make sense of uncertainty in the present, they get completely preoccupied with the future as if they have no control over it. It’s understandable, but it can be dangerous if they forget that the past and future are not mutually exclusive. “

All that said I am looking forward to tuning into a webinar on July 11 over at Learn From My Life with psychic Ainslie MacLeod, author of The Instruction: Living the Life Your Soul Intended. Why? Maybe it’s summer and I just need a fresh point of view that has nothing to do with marketing, the recession, or presidential politics. )



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Transparency is overrated: secrets to building corporate trust

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

Stones

Forget conventional wisdom when it comes to managing corporate reputation. In fact, transparency matters the least in building stakeholder trust (employees, customers, suppliers, investors) and can actually erode trust, according to a fascinating new study by Harvard University’s Michael Pirson and Deepak Malhotra, published in the summer issue of MIT Sloan Management Review. (”Unconventional Insights for Managing Stakeholder Trust.”)

The authors studied four different organizations to find out what matters and to whom. Highlights:

  • Transparency is over-rated. In fact, transparency can diminish trust depending on what is disclosed. Also, it has little relevance in terms of building trust.
  • Integrity is important, but. Stakeholders close to a company (employees and customers) need to feel that the company genuinely cares for their personal well-being. Integrity alone doesn’t cut it if people feel the company is being fair but “callous.”
  • Trust is built on different types of competencies. Employees and investors look for management competency. Customers and suppliers more concerned about technical and quality competency.
  • Shared values is hugely important to all stakeholders: All stakeholders want to associate with organizations with values they identify with.

“We have found that that although value congruence matters most to employees, it is also an important factor for every other stakeholder group we studies. In other words, stakeholders of all types are interested in associated with organizations with whom they can identify — and with whom they perceive a match in values.”

This study has interesting implications for marketers and corporate communications professionals.

  • Trust means different things to different stakeholders.
  • Marketing needs to focus more on two key trust-building factors: the company’s genuine interest in their customers’ success and well being, and the company’s technical ability to deliver quality products and services.
  • What beliefs? It’s essential to clearly articulate the company’s values and beliefs. (Maybe even help uncover them. ) In my experience few organizations — especially marketers — focus on these beliefs, or even know what they are. But as this study shows they are critically important to building affinity and trust with customers.


Posted in Best/worst practices, Interesting research we track, Marketing leadership | No Comments »

Sociability generates more revenue

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

blackjack table 1 A big part of SOCIAL media is being more social as companies — online and in the real world. But many executives have asked me, “how do you measure sociability and friendliness?”

In a 48-hour experiment with blackjack dealers at Ameristar Casino J.D. Power & Associates found that a highly social, outgoing blackjack dealer collected 13 percent more money at his table than at the serious table where the blackjack dealer held to the standard, “don’t talk unless spoken to” rule.

In explaining the experiment Chris Denove of J.D. Power and author of “How Every Great Company Listens to the Voice of the Customer,” told a group this week that there’s no reason to believe that the same relationship doesn’t hold true in other business environments. Why? People like spending time with people who are likeable.



Posted in Best/worst practices, Interesting research we track, Marketing 2.0 | No Comments »

10 mistakes in writing an RFP executive summary

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

Paperwork Amid all the cool things in marketing today we often forget how influential a good or bad RFP response can be. I recently had to review 30+ RFPs for a client, and I was asked by another client to teach their sales people to write better RFP executive summaries. Here’s what I learned:

10 most common mistakes

1. About us vs. the prospect: Too often executive summaries are summaries of the selling company’s capabilities. Big mistake number one. Effective executive summaries are about the prospect– not you. How you’re going to solve their problem. Advice on how to burn down their obstacles. How much money they are going to save. New ways for them to be innovative in their industries.

2. Proposal summary vs. a business case: Despite is name an executive summary is not a summary of the proposal, but a succinct demonstration of the understanding of the prospect’s needs and the bottom line outcomes you can deliver against those needs.

3. Opening with blah blah platitudes vs. guts and convictions: Executives read just the first two paragraphs, yet the first two paragraphs of most executive summaries are filled with space-wasting platitudes like: “Thank you for the opportunity to provide you with our proposal in response to your RFP to support XYZ Company’s business needs. We are prepared to put this experience to work for XYZ Corporation with a dedicated support team. ” Blah. Blah Blah. While the RFP writers, usually procurement of purchasing managers, may read the entire document, decision makers generally only pay attention to the first two paragraphs. This means that the critical information should be in those paragraphs, and platitudes should be omitted.
4. Verbal runoff and information overload: One of the most common mistakes is including too much information that is irrelevant to the prospect and/or too much pat, bland information that every vendor cites. A good executive summary should focus only on that information that is relevant to this particular prospect.

5. What’s at stake? Many RFPs go nowhere, losing out to inertia or other business priorities. One of the purposes of the executive summary is to convey what’s at stake, and why acting will provide business value beyond simply reduced costs.

6. General to industry vs. personal to prospect: General remarks and capabilities information are boring to reader and make you sound bland. Answer right off, “What’s in it for the prospect company?” and avoid generalities. The prospect only cares about the specific value you’re bringing to his or her organization - not general trends, not about the exhaustive list of your company’s capabilities.

7. Educating vs. selling: The executive summary is not an education document or a relationship development tool; it is a sales closer. “Here’s the problem. Here’s the business value only we can provide.”

8. Bland writing inadvertently conveys lack of real interest: Researchers have proven that decision makers make more judgments about a company based on how it communicates than many of the actual messages. I’ve put several companies’ RFP summaries through the LIWC software analysis and found that the company comes across as detached from the recommendations (not passionate about the ideas) and not as completely honest as the company actually is.

To be viewed as a trusted, innovative, potential partner passionate about helping the prospect succeed, adopt a tone and style that is direct; focused on the most relevant information to the prospect; uses more active verbs, shorter sentences fewer adjectives, more bullets, more descriptive subheads, and a more liberal use of the first person - I, we, us.

9. Too many pages: We all fall into the trap of thinking that a summary needs to be at least two to three pages to really convey our value. Limiting an executive summary to one-page — two at the max — forces you to convey the meat of the matter in a succinct way. When Jack Welch was CEO of GE he required his direct reports to submit one-page management updates every month. That’s right, just one page. Being succinct makes you think and boil it down to what matters.

10. Where can I find more? Use hyperlinks in the executive summary, linking content and recommendations to descriptions in the detailed RFP document. Too often we make it hard for people to jump to what interests them. If people are interested in one of your ideas, make it easy for them to read more about that interest.



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Verizon uses twittering teddy bear spokesperson for “credibility” (hee hee)

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

In an age where people are tired of marketing hype and gimmicks, it seems odd that Verizon would decide to use a teddy bear as the spokesperson for its FiOs marketing campaign. What’s even odder is that the teddy Twitters, reaching an audience that is even more suspect of inauthentic marketing.

Jason Chupick of Campfire, the agency designing the campaign, explains in today’s PR Week:

“[We] needed a spokesperson, an ongoing voice that people will listen to because everyone is trying to come up with a novel Twitter campaign.”

If the teddy is really bizarre it just might become a viral hit. But sorry Verizon and Campfire, a teddy bear isn’t an a”voice” that this consumer is going to listen to, never mind take seriously.



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Beliefs more useful than mission statements

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

Naming your organizations’ beliefs can guide decisions and inspire talent much more effectively than the traditional mission statement, which is usually pretty flat, descriptive and, well, boring.

Here are some examples of organizations’ beliefs.

Google

1. Focus on the user and all else will follow.
2. It’s best to do one thing really, really well.
3. Fast is better than slow.
4. Democracy on the web works.
5. You don’t need to be at your desk to need an answer.
6. You can make money without doing evil.
7. There’s always more information out there.
8. The need for information crosses all borders.
9. You can be serious without a suit.
10. Great just isn’t good enough.

Zappos

  1. Deliver WOW Through Service
  2. Embrace and Drive Change
  3. Create Fun and A Little Weirdness
  4. Be Adventurous, Creative, and Open-Minded
  5. Pursue Growth and Learning
  6. Build Open and Honest Relationships With Communication
  7. Build a Positive Team and Family Spirit
  8. Do More With Less
  9. Be Passionate and Determined
  10. Be Humble

And my firm, Beeline Labs:

  1. Deliver the wow and the whoa
  2. Activate change
  3. Go fast
  4. Try new things; OK to fail
  5. See new possibilities early
  6. Don’t compromise; the work needs to be meaningful
  7. It’s all about delivering business value
  8. Bee vs. me
  9. Integrity rules

What are your organization’s beliefs? Please share!



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10 Marketing 2.0 lessons from the Ryan Montbleau Band

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

RyanMontbleau

The Ryan Montbleau Band is an amazing up-and-coming group that knows how to use Marketing 2.0 to build a fan base and sell tickets and music, with almost no money for marketing. Here are 10 Marketing 2.0 lessons from the band for all marketers:

  1. Love what you do: passion is the center of marketing and propels all tactical components. The greater the passion, the more powerful the marketing.

2. Listen to your customers (fans): Ryan Montbleau hung out after a recent performance, talking, signing t-shirts, and genuinely connecting with fans in the lobby. I had a great conversation with him about some of his lyrics and how he’s so come to be so wise at such a young age. (Which goes back to listening and passion again; he’s in the world.)

3. Make it easy for people to help you: The band makes it easy for people to act as word of mouth advocates, inviting anyone interested to join the Bleau Crew, their street team community.

“What is the Bleau Crew, you ask? We’re a community of fans that do our best to help the band on the road, giving them time to do what they do best: make music! Projects include postering for local shows, handing out handbills, posting banners on our Myspace pages, adding new songs to our profiles, and more! Benefits include free tickets, music, and being part of something truly special. We also get personal teleporters. Awesome, I know.”

4. Go where your fans are online: (Which also makes it easy to help you again.) The band doesn’t just rely on its site or a social network. They’re all the places their fans — and potential fans are — MySpace, FaceBook, Flickr, even a simple message board community aptly named Bleauboards that is thriving.

5. Reveal your points of view and personal stories so people can connect with people in band, not just band. You get a sense of the artist and person Ryan is through his blog, and you get to know all the band members through their quirky profiles. (I especially love band member Ted Wilson’s profile — and that the other members welcomed someone like him.)

6. Keep “old” marketing tactics that work: Want to stay in touch through email? Montbleau also offers a newsletter.

7. Say thank you: When a recent tee-shirt order arrived there was a a handwritten note on the order form, thanking me for supporting the band. Small touches grow fans.

8. Be distinctive, even if people can’t categorize you. Old marketing was that you had to fit into an established category or create a new category. Yet too often trying to fit in to a category blands down the product or service. In today’s super-competitive world, distinctiveness can be a powerful differentiator. So what kind of music is Montbleau? He describes himself as “something of a Martin Sexton by way of Van Morrsion and Stevie Wonder.”

9. Give away free “products”: Giving away free stuff helps people experience the “product,” have something to share as they pass along word of mouth, and builds fan-dom. You can download for free one of the band’s most popular songs, “How Many Times,” as well as tour posters and handbills. The band is also contributing 50 cents from each ticket to Rock The Earth, and contributing 50 cents from each ticket to HeadCount’s “Cents for Sense” campaign until the 2008 presidential election.

10. Make it easy to buy: The band makes it easy to buy music whether it’s on their site or on MySpace, and you can buy concert tickets right on their site.

One of my favorite lyrics from Ryan’s music is:

“It’s time to ease from concentration to focus.”

This is true for so many things in life, and relevant to marketing. It’s time we stop concentrating on the tactics and tools, and flip our focus on earning customers with all the new 2.0 tools.

PS – Montbleau won second prize in the 2007 International Songwriter’s Competition, competing with 15,000 songs written by amateur and professional songwriters from over 100 countries.



Posted in Best/worst practices, Marketing 2.0, Social media strategy, Stories | No Comments »

Social media and the 2008 Presidential Campaign

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

I was recently invited to share my views on the effect of social media on the 2008 Presidential Campaign for an upcoming feature article in the Public Relations Strategist.

Here are a few highlights:

Is the use of social media mainly tactical or strategic?

  • If a goal of the candidates has been to convey a message of change, the use of social media represents a clear change from traditional ways of reaching out to and engaging voters.
  • If a goal has been to engage with young voters, the use of digital has been a hugely successful strategy. According to Rock the Vote and CIRCLE (Center for Information & Research on Civic Learning & Engagement), voter turnout among 18- to 29-year-olds has doubled and tripled in almost every state primary and caucus. These young voters’ preferred way of learning about candidates and participating in the campaigns is through social media and word of mouth marketing. According to a Pew Research Center for the People and the Press study that looked at voter behavior, two-thirds of Web users under 30 use social networking sites, and only 25 percent watch television news for campaign news.
  • If a goal has been to manage positive and negative feelings about the candidate - and help people connect with candidates’ personal characteristics — social media has been strategic for Obama, but far less so for Clinton or McCain. Obama has shared more about himself- and social media is about people wanting to connect and share with people. He has also used a relaxed conversational communications style vs. speaking in “message points” during interviews and in videos. Clinton and McCain have used social media more as a channel, filling it with traditional “produced” videos and ads. Clinton and McCain haven’t adjusted their content or communications style for the new medium nearly as well as Obama, although Clinton has done a better job than McCain.

How has social media changed the game of the campaign so far?

The three biggest impacts of social media on the 2008 campaign:

1. Fund raising: Changed the game on how candidates raise money, putting more power with the everyday people than in any previous race. In March alone Obama raised $40 million, largely from the campaign’s 1.5 million Internet donors. According to Clinton’s campaign she raised $2.5 million after winning Pennsylvania primary and asking people to go to her site and donate. According to the most recent Federal Election data, 43% of contributions to Obama’s campaign have come from donors of $200 or less, compared to 27% for Clinton and 20% for McCain.

2. Traditional media: Changed the influence and role of traditional media, with more and more people going direct to hear and read about the candidates - viewing speeches on YouTube vs. TV, and going direct to sources vs. reading journalists’ coverage and analysis. For example, after Obama’s speech on race in March, the transcript of the speech “ranked consistently higher on the most emailed list than the articles written about the speech,” according to The New York Times (“Finding Political News Online, the Young Pass it On.” )

3. Advertising: Showed the diminishing effectiveness of “packaged” TV advertising. Leading up to the Florida primary Mitt Romney spent $29 million on 34,821 ads, more than three and a half times as much as John McCain who spent $8 million on 10,830 ads, according to analysis of data through Jan 27 by the University of Wisconsin Advertising Project. The effect of the big advertising spend? No lift for Romney who soon pulled out of the race.

In addition, millions of people are tuning into candidates via video vs. TV ads - on their campaign sites and on YouTube and other video sharing sites. Obama’s speech on race, “A More Perfect Union,” has been viewed by almost 4.5 million people on YouTube since March.



Posted in Best/worst practices, Marketing 2.0, Social media strategy | 1 Comment »

My Marketing Tragedy: Age of Conversation 2

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

Age of Conversation

This week 275 authors submitted their “chapters” for the new book, Why Don’t They Get It, a follow up to The Age of Conversation. (All proceeds go to charity.)

The sections of the new book, to be published in late August, are:

  • Manifestos
  • Keeping Secrets in the Age of Conversation
  • Moving from Conversation to Action
  • The Accidental Marketer
  • A New Brand of Creative
  • My Marketing Tragedy
  • Business Model Evolution
  • Life in the Conversation Lane

Here’s a snippet of what I wrote for “My Marketing Tragedy”:

“If I visualize what happened it looks like a cemetery. Each gravestone a big, exciting idea on how to talk about an issue, a trend, a company that was stillborn…In the end, all dead ideas, never seeing the light of day because of my mistake. I forgot to burn down the obstacles.”

And here’s a list of the “Age of Conversation 2 - Why Don’t People Get It?” authors:

Adam Crowe, Adrian Ho, Aki Spicer, Alex Henault, Amy Jussel, Andrew Odom, Andy Nulman, Andy Sernovitz, Andy Whitlock, Angela Maiers, Ann Handley, Anna Farmery, Armando Alves, Arun Rajagopal, Asi Sharabi, Becky Carroll, Becky McCray, Bernie Scheffler, Bill Gammell, Bob Carlton, Bob LeDrew, Brad Shorr, Bradley Spitzer, Brandon Murphy, Branislav Peric, Brent Dixon, Brett Macfarlane, Brian Reich, C.C. Chapman, Cam Beck, Casper Willer, Cathleen Rittereiser, Cathryn Hrudicka, Cedric Giorgi, Charles Sipe, Chris Kieff, Chris Cree, Chris Wilson, Christina Kerley (CK), C.B. Whittemore, Clay Parker Jones, Chris Brown, Colin McKay, Connie Bensen, Connie Reece, Cord Silverstein, Corentin Monot, Craig Wilson, Daniel Honigman, Dan Goldstein, Dan Schawbel, Dana VanDen Heuvel, Dan Sitter, Daria Radota Rasmussen, Darren Herman, Darryl Patterson, Dave Davison, Dave Origano, David Armano, David Bausola, David Berkowitz, David Brazeal, David Koopmans, David Meerman Scott, David Petherick, David Reich, David Weinfeld, David Zinger, Deanna Gernert, Deborah Brown, Dennis Price, Derrick Kwa, Dino Demopoulos, Doug Haslam, Doug Meacham, Doug Mitchell, Douglas Hanna, Douglas Karr, Drew McLellan, Duane Brown, Dustin Jacobsen, Dylan Viner, Ed Brenegar, Ed Cotton, Efrain Mendicuti, Ellen Weber, Emily Reed, Eric Peterson, Eric Nehrlich, Ernie Mosteller, Faris Yakob, Fernanda Romano, Francis Anderson, G. Kofi Annan, Gareth Kay, Gary Cohen, Gaurav Mishra, Gavin Heaton, Geert Desager, George Jenkins, G.L. Hoffman, Gianandrea Facchini, Gordon Whitehead, Graham Hill, Greg Verdino, Gretel Going & Kathryn Fleming, Hillel Cooperman, Hugh Weber, J. Erik Potter, J.C. Hutchins, James Gordon-Macintosh, Jamey Shiels, Jasmin Tragas, Jason Oke, Jay Ehret, Jeanne Dininni, Jeff De Cagna, Jeff Gwynne, Jeff Noble, Jeff Wallace, Jennifer Warwick, Jenny Meade, Jeremy Fuksa, Jeremy Heilpern, Jeremy Middleton, Jeroen Verkroost, Jessica Hagy, Joanna Young, Joe Pulizzi, Joe Talbott, John Herrington, John Jantsch, John Moore, John Rosen, John Todor, Jon Burg, Jon Swanson, Jonathan Trenn, Jordan Behan, Julie Fleischer, Justin Flowers, Justin Foster, Karl Turley, Kate Trgovac, Katie Chatfield, Katie Konrath, Kenny Lauer, Keri Willenborg, Kevin Jessop, Kris Hoet, Krishna De, Kristin Gorski, Laura Fitton, Laurence Helene Borei, Lewis Green, Lois Kelly, Lori Magno, Louise Barnes-Johnston, Louise Mangan, Louise Manning, Luc Debaisieux, Marcus Brown, Mario Vellandi, Mark Blair, Mark Earls, Mark Goren, Mark Hancock, Mark Lewis, Mark McGuinness, Mark McSpadden, Matt Dickman, Matt J. McDonald, Matt Moore, Michael Hawkins, Michael Karnjanaprakorn, Michelle Lamar, Mike Arauz, Mike McAllen, Mike Sansone, Mitch Joel, Monica Wright, Nathan Gilliatt, Nathan Snell, Neil Perkin, Nettie Hartsock, Nick Rice, Oleksandr Skorokhod, Ozgur Alaz, Paul Chaney, Paul Hebert, Paul Isakson, Paul Marobella, Paul McEnany, Paul Tedesco, Paul Williams, Pet Campbell, Pete Deutschman, Peter Corbett, Phil Gerbyshak, Phil Lewis, Phil Soden, Piet Wulleman, Rachel Steiner, Sreeraj Menon, Reginald Adkins, Richard Huntington, Rishi Desai, Beeker Northam, Rob Mortimer, Robert Hruzek, Roberta Rosenberg, Robyn McMaster, Roger von Oech, Rohit Bhargava, Ron Shevlin, Ryan Barrett, Ryan Karpeles, Ryan Rasmussen, Sam Huleatt, Sandy Renshaw, Scott Goodson, Scott Monty, Scott Townsend, Scott White, Sean Howard, Sean Scott, Seni Thomas, Seth Gaffney, Shama Hyder, Sheila Scarborough, Sheryl Steadman, Simon Payn, Sonia Simone, Spike Jones, Stanley Johnson, Stephen Collins, Stephen Cribbett, Stephen Landau, Stephen Smith, Steve Bannister, Steve Hardy, Steve Portigal, Steve Roesler, Steven Verbruggen, Steve Woodruff, Sue Edworthy, Susan Bird, Susan Gunelius, Susan Heywood, Tammy Lenski, Terrell Meek, Thomas Clifford, Thomas Knoll, Tiffany Kenyon, Tim Brunelle, Tim Buesing, Tim Connor, Tim Jackson, Tim Longhurst, Tim Mannveille, Tim Tyler, Timothy Johnson, Tinu Abayomi-Paul, Toby Bloomberg, Todd Andrlik, Troy Rutter, Troy Worman, Uwe Hook, Valeria Maltoni, Vandana Ahuja, Vanessa DiMauro, Veronique Rabuteau, Wayne Buckhanan, William Azaroff, Yves Van Landeghem



Posted in Activating change, Stories | 1 Comment »

New model for news organizations — and customer communities

Written by Lois Kelly on July 1, 2008 – 3:00 pm -

News Ecology Map

This is a new map of what the emerging news ecology looks like, based on a Value Network Mapping and Analysis tool developed by Verna Allee for the recent NewsTools2008 conference among 150 journalists, technologists and educators. Talk about change!

According to journalists and bloggers Chris Peck, Peggy Holman and Stephen Silha over at Journalism That Matters, here’s what’s emerging:

  • Some reporters become “beat bloggers” tapping into networks of bloggers to bring complex stories into focus.
  • Community weavers” create a sense of community among the former audience and with formal news entities.
  • Information architects” make intelligible the vast amounts of data and images now available.
  • While editors continue to be sense makers, connecting facts and making story lines visible, ultimately who filters news from noise, how it happens, and who pays for it is still unfolding.
  • Even the definition of “news” is up for grabs as memes — cultural units of information equivalent to genes in the body — replace an event orientation to story.

Fascinating model that can be applied to traditional media, online communities and social networks, or company communities for customers or employees.

Last week I had lunch with an editor of a major daily newspaper who is trying to innovate his paper. The question his execs keep asking: “How do we make money on a different kind of model?” As with this news ecology model, no one has figured out a magic money making model. In fact, if newspapers don’t downsize fixed operational costs like printing presses and distribution assets, they may never be able to make model in this new world.

What is clear is that if newspapers do nothing as they wait for the magic model, they will continue to lose their customers, many of whom are no longer just “readers” but active participants. Ditto for marketers and corporate communications execs.



Posted in Marketing 2.0 | No Comments »

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