Posts tagged ‘YouTube’

Are The 4 Ps Dead?

(The following is an excerpt from the Introduction of the upcoming book Marketing From the Navel: How to Become a Company Worth Talking About and Arm Customers to Spread the Word)

The 4 Ps

In 1960, a concept was introduced by E. Jerome McCarthy that identified the four basic tenants of marketing as Product, Price, Place, and Promotion or, as it is more commonly known, the 4 Ps. Anyone who has ever taken a marketing class from then until now is taught the 4 P’s as the basic overview of marketing. These simple questions are what make up the basics of marketing:

  • What kind of product are we going to produce?

  • What is the right price for this product?

  • How are we going to distribute this product?

  • How are we going to promote and sell this product?

The purpose of McCarthy’s model was to further the understanding that marketing is much more than selling and advertising. In actuality, Selling and advertising only make up the promotion component of McCarthy’s model. According to McCarthy in his book Basic Marketing: A Global-Managerial Approach, “The aim of marketing is to identify customers’ needs – and to meet those needs so well that the product almost sells itself.” Easy enough, right?

The truth is that today many marketers are declaring the 4 P’s dead, or at least no longer relevant. There are many marketers who have even added more P’s to the mix, such as people, process, physical presence, or (as the word-of-mouth/social media crowd like to say) participation. The big question is can any product almost sell itself, or are there other critical factors in the new reality of the consumer movement?

The Missing Ingredient

While the 4 Ps offer a good basic framework for understanding the all encompassing nature of marketing, they are missing one key ingredient that has been made blatantly apparent by the consumer revolution – the consumer’s involvement in the process. The 4 Ps are segmented like an organizational chart, chopping up the functions of marketing in 4 bite-size chunks. But what about the fickle nature of the consumer? What if what meets their needs well one day doesn’t the next? What if your product is priced correctly, but so are the other 123 options on the market? What if the best person to design your product is the consumer? What if the consumer discovers your product is manufactured in sweat shops in India by 8 year-olds because someone walked in with a camera phone and then posted it on YouTube, their blog, and their Facebook page?

As I mentioned before, the world has changed since advertising’s glory days in E. Jerome McCarthy’s 1960s. However, many marketers have not. I have had the opportunity on many occasions to guest lecture in a university marketing class or judge a high school or college marketing class and am disappointed, to say the least, to see that our marketing education has not kept pace with the changing nature of marketing. Marketing educators still spend the majority of their time on the 4 Ps (with some attention paid to segmentation) and then dive into advertising. Some might say that this is indicative of the average age of the tenured professor, the fact that so few educators are practicing marketers within the wild west of the last 5 years, and some might even say it is a flaw in the system.

According to the existing system, educators lump this new reality of the consumer revolution into “interactive marketing”, because a significant portion of it occurs online. What they fail to see is that we need to re-address the underlying models upon which marketing is based. It goes beyond adding more “Ps”, but needs to address the new reality that we as marketers face today. We need a model that helps us understand the X factor that the consumer plays in the marketing process. We need a model that helps us connect with and engage the consumer in ways that they are most comfortable with. We need a model that helps cut through the clutter that exists in the commoditized markets in which we compete by tapping into the ability of human beings to influence each other.

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November 2, 2009 at 12:14 pm Leave a comment

How to Arm Customers to Spread the Word

Up to this point, I have emphasized the Navel Model for creating a company worth talking about. It is critical that you do this piece first. As the great military strategist, Sun Tzu, once said, “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” Most literature in the marketing realm is about tactics. In social media, people go right to Twitter and Facebook. In advertising they go right to the 30 second spot or the full page print ad. However, in order to have successful tactics, the strategic pieces need to be in place first.

Once you have created an organization worth talking about, the next step is to arm your customers to spread the word. It doesn’t matter what the medium is, the process remains the same. The six steps below work especially well in social media, but also work in public relations, advertising, direct marketing, or any other medium. The six steps below are also not linear but are circular because they are not always done in order. By implementing the steps below, you can better find your target influencers, arm them with tools to spread the word, and amplify their efforts.

  1. Publish – There is an argument in the social media space about whether content is king or conversation is king. The reality is that both are important for successful word-of-mouth. Content without conversation is advertising – it’s one way. Conversation with content is chatter. It is social media strictly for the social benefit. The first step is to publish great content. With all of the tools available today, there are many mediums you can use – it simply depends on your audience. If they have time to read and revisit often, then right a blog. If they are more inclined to download content and listen at a later date, then a podcast may be the best option. If they learn visually and your content is meant to be demonstrated, then produce a video series, or vidcast. For tools, check out WordPress, Libsyn, and YouTube. If you want to know what to write your content about, always think “educate and advocate.” Provide educational insights, how to’s, or insider information. When advocating, look to the cause you created in your Navel Model.
  2. Syndicate – Now that you have produced great content, step 2 is to find all the places you can share that content. Obviously, Twitter, Facebook, LinkedIn, or other online communities are a natural fit, however, also consider how you can share this content in your advertising, PR, and direct marketing efforts. Link to it within your social communities. Use snippets in advertising. Use it to pitch editors to cover important topics about your company or industry.
  3. Integrate – The amazing thing about where technology has come from in the recent past is that today, everything talks to each other. That means you can spend less time and get better results from your efforts. By integrating your blog utility with your social communities, every time a new post is created on the blog, it can automatically be posted to Twitter, Facebook, LinkedIn, and more. Every time you Tweet it can update your status in Facebook, both your personal profile and your business pages. The key with integration is to amplify your efforts.
  4. Converse – Referring back to the argument under “Publish”, once you have great content, the next step is to talk about it. Talk about your content. Talk about others’ content. Talk about a recent lesson you learned in your business. The key is to talk. Dare to be human; to be more than just a brand. The more personal you can be, the more others will grow in affinity for your brand and share it with others.
  5. Help - This is the concept upon which social media was built – people helping people. The Golden Rule is as applicable in social media as anywhere else. The more that you help others, the more benefit you receive in return. This is where you solidify your customer evangelists. It can be something as simple as re-Tweeting their Tweets or something more complex, like writing a blog post about them. You can answer questions on LinkedIn (and syndicate by linking to your content) or you can comment on another person’s blog. These are all forms of help.
  6. Monitor – Lastly, one of the most powerful aspects of social media is that it is infinitely searchable. I can monitor conversations going on almost anywhere in the social web and (politely) engage in the conversation. I can measure how much chatter there is online about a particular brand. I can even automate monitoring so that I am instantly notified when a conversation is taking place. The ability to monitor online conversations is one of the most important aspects of the social web and the reason it is one of the fastest growing marketing mediums today.

With the six steps above, you create great content, share it in as many places as you can, make your technologies talk to each other, engage with others, be helpful, and monitor conversations in order to start the cycle all over again. If you have done your previous work, such as creating a position, cause, culture, and message, you’ll know what to share and converse about. While you may go through the Navel Model only once in a while, the above steps will be a daily to do list.

With the six steps above, you can adequately arm your customers to quickly spread your message for you. Which do you do already and which could you improve upon?

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September 24, 2009 at 7:19 pm 3 comments

What is Web 3.0?

I have heard this term rolling around for a little bit. At first, I thought it was another guy trying to make a name for himself by coining a phrase (and not a very creative one at that) and then trying to get it to stick. I mean, people are just starting to figure out how to use Web 2.0, but then you heap 3.0 on top of us and we are drowning in a sea of 1s and 0s (OK, let’s not be dramatic here).

The reality is that, although Web 3.0 is still being formulated, one thing is for sure – Web 3.0 will take advantage of artificial intelligence to create a more productive and intuitive user experience. You can read the Wikipedia definition here. Basically, this simply means that Web 3.0 will better understand what you want and need and will automatically serve it up to you. Pretty cool, huh?

There is still a lot of theory behind Web 3.0 and a lot of buzz words being thrown around like semantic web, cloud computing, and artificial intelligence, however, we have recently seen actual applications in this space that cause one to think that Web 3.0 may not be far away.

One such company is Certona Corporation. While the company has bee around for a few years, it is finally establishing a customer base with solid results to showcase. The company produces software that turns your eCommerce website into an artificial intelligence engine that will serve up content, product recommendations, or even coupons based on your browsing behavior. Picture a retail sales rep that knows exactly what you will want next and gives you a recommendation for it or even a coupon. Bet you would go back to that store again.

One of their more prominent case studies is with Personal Creations which, according to a press release, it the “top provider of personalized gifts in the United States.” Personal Creations is attributing 20% of its sales revenue to the system created by Certona. That is pretty impressive.

Not to sound like a Certona ad here, there are several other companies popping up now that are taking advantage of Web 3.0 technologies to create highly customized user experiences, beyond anything we have seen before. While Facebook, LinkedIn, MySpace, Flickr, Wikipedia, and YouTube have taken ownership of Web 2.0, we have yet to see who will emerge as the reigning champions of Web 3.0. Will it be you?

(**Author’s note – this post was NOT sponsored by Certona. I just thought it was cool)

July 23, 2008 at 4:13 pm 4 comments

An Ad Campaign I Actually Like

There has been much written on the effectiveness of the Mac vs. PC campaign. Both critics and supporters alike have lauded the campaign for its effectiveness in highlighting the differences between the two products. It is entertaining, informative, and hip.

Enter Whopper Freakout. While I am not particularly a huge fan of fast food, this ad campaign did an incredible job of showcasing impassioned fans of the Burger King Whopper. Part reality show, part testimonial, this campaign does a great job of exhibiting real customers in a situation where their favorite burger is taken away from them.

In an interesting twist, the producer of the campaign has begun switching the Whopper with burgers from various competitors. This solicits even more passionate pleas. Some customers can be heard shouting things like “I hate Wendy’s!”.  The agency who executed this campaign has even implemented a new media campaign by creating a microsite at whopperfreakout.com and have even posted extended versions of the hidden camera segments on YouTube.

It’s real, it’s raw, and it’s passionate. It also ties the viewer into an online community. That is the way that advertising was meant to be done. Kudos to Burger King.

January 7, 2008 at 5:50 pm 3 comments


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