The Marketing Plaza

In the social media world people like to talk about interactive two-way information, but I believe the analogy is limited.  Information is like water.  It flows downstream. Through a strong eco-system that includes evaporation and precipitation, water returns to rivers and streams to reflow.  Information is the same.

Instead of the proverbial two-way arrow presented in so many social media seminars, I see info flow as more circular. I see it flowing downstream from a blogger to the world, then sprinkled out through Tweets and e-mail, blown through the Internet  clouds through link-backs and retweets, filtered through feedback and comments, and only then refined back to the writer for reconsideration.

In the marketing world, we call it  “getting the message out.”  In today’s society, getting out a message is considered a somewhat ‘interruptive” outdated concept, but is it?  The bottom line is that communication starts with sending out a message.

Study after study in the newspaper world showed readers valued the ads as much if not more than the news.  Considered classic interruptive advertising, these newspaper ads had defined, measurable value to the very people they were designed to reach.

In this new social media world, not as much has changed as people would have you believe. People like communities. People like communication. People like to be listened to and valued.  In return, they may prefer you as vendor, product, relationship or brand. Or, they may not.  Yet, it still all begins with communication.

Hence, those companies who have stopped marketing due to the recession, are truly in for a longer drought than those who continue to outpour thoughts, ideas and ongoing communications with prospective partners, stakeholders and customers. The thought economy is like any other. It requires transactions that begin with someone wanting to impart or part with something and someone else willing to access it.

In today’s social media economy, make sure to water your thoughts.  Send them downstream, have patience and continue watering.  Flowers will bloom as well as business, relationships, and expanded thinking.

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It’s well known the average CMO, meaning Chief Marketing Officer, doesn’t last even two years. No wonder. Despite all the other challenges facing a top marketing person, here’s one more: the job doesn’t exist in the new social media world!  It’s hard to hold on to a phantom job in an ever-disappearing traditional field.

The new CMO, according to social media modernist Brian Solis is a Community Management Officer.  Not responsible for getting messages out, this new position is one of engagement and relationship-building.   As Solis states in his new e-book The Art and Science of Blogger Relations: “they are on the front lines of listening and engaging in conversations across the web.”  If you don’t have a Kindle, you may not be able to read it. Solis is totally dedicated to engaging via new media replete with typos throughout the copy and all.

Unlike ivory tower Chief Marketing Officers with big corner offices in corporate complexes, the Community Management Officer is down in the trenches, trolling the web and providing valuable content in key areas.  It’s a person who tends to be ahead of the times, much like Solis who blog published his Social Media Manifesto in June 2007!

Warning: It’s not a short read — at least 11 pdf pages, in direct contrast to the average blog post.

Recommendation: Read it. It foretells the future of communication.

Since the social media world is all about making the world smaller, I was not surprised to see that Solis had co-authored a book on PR with Deidre Breckenridge, a Jersey girl who heads the PR for PFS Marketwyse, an ad agency that pitched me at the newspaper almost a decade ago.  We didn’t hire them, but they had amazing work.  They showed us an ad campaign for positioning the newspaper that I remember to this day.  We didn’t buy it , but  it was a campaign the newspaper industry as a whole through the NAA (Newspaper Association of America) should have adopted. Perhaps if they had, they’d be in better shape today.

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Newspapers are crashing and burning. I’m not talking about in their own medium — although there’s sad news on that front.  No, I mean in the social media world.  Why?  Because they refuse to modify their message to the medium. It’s an odd commentary for a medium built solidly in the communications world, but one thing newspaper publishers, editors and writers don’t understand is how to use a blog to their best advantage (not to mention Twitter and other social media).

Publishers. Publishers care about publishing. They want the funds to print another day.  Hence, they are concerned with revenue.  Guess what? Blogs are not great revenue producers — at least at first — and publishers are not patient people. They want the ads in today for tomorrow’s edition.  The result?  They are looking for posts that will bring in advertisers. They keep trying to develop content that the Advertising department can sell, rather than content the community wants to read or engage in.  It’s not a good model and it hasn’t worked.

Editors. Editors are a bit better, but also don’t understand the medium.  Great editors understand the need for personality and the public thirst for the news behind the news.  One of my favorite Sunday columns was a local editor’s post on how his reporters got the latest, greatest story — literally the story behind the news. However, the insights were saved for the precious Sunday paper and not posted on the paper’s website.

Another young editor at a different local paper, started a community blog. She inherently understood the need for community voice on the paper’s website, but didn’t understand that community in the blogging world means individuals not organizations.  She approached non-profits in the State with the opportunity to post on a blog set up for local causes. The result is a series of mini-press releases on golf outings and benefactor and grant news rather than insights into the causes.  I can guarantee you that the only people reading the blog are the marketing folks at other non-profits.  The real community isn’t interested.

Writers. Writers understand writing and followings, but newspaper writers are in competition with themselves. They are saving their stories for the paper, hoping to get in the Sunday edition. Their blog posts are bland and again, tend not to tell the story behind the story.  Why was it a difficult story to write?  How did they get a crying mother to admit her son had gone sour? How did they learn about the story in the first place?  Don’t just tell me you wrote a great story. Tell me why you felt it was worthy of the newspaper. Then, you might draw me to your story in the paper, but mostly, I’m not going to bother to read your current blog. It’s not giving me any insight into your craft.

Newspapers are built for blogging.  They just haven’t realized it yet, or approached it in the right way. I wish they would. I’m a news junkie at heart and would eat it up — as would a huge segment of the online world.

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No matter where I turn, I bump into Charles Darwin.  Today, a friend sent me a link to a New York Times article on how the publishing industry has been affected by evolution. Then, I stumbled on a SlideShare presentation by another Charles — Charlie Hoehn, a recent college graduate making his mark on the world.  He quoted Darwin while providing his peers with job hunting advice.

“It’s not the strongest of the species that survives, nor the most intelligent that survives.  It’s the one that is most adaptable to change.”

Charles Darwin

Is your marketing Darwin proof?
Is your business?
Are you adaptable to change?

Really?  I kind of doubt it because change requires more than just changing tactics.

Today’s marketing pros have to be true Change Management artists.  I’ll continue to argue that the fundamentals of marketing remain the same, but the techniques have clearly changed.  One by one, clients are finally admitting they have to learn how to communicate in the social media age, and want to go from 0- 100 in Superhuman speed. It won’t work unless the companies fundamentally change the marketing behind the communications techniques not just the communications channels themselves.

A TV ad doesn’t work in print. A print ad doesn’t work on a billboard – -not without some changes. They are fundamentally different medium and require different approaches within a campaign. The same is true of social media. If you are planning on just repurposing existing material on a social media platform, abandon ship before you leave port. The tone, value and approach in social media are all inherently different from traditional mass market messaging.

I encourage you to enter the social media world.  Just don’t do it without changing yourself first – from the inside out.  That includes corporate culture, marketing plans, and studying a bit of Darwin and Marshall McCluhan. After all, the medium is still the message.

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Despite the obvious implication in Chris Anderson’s new business bestseller Free, there is no such thing as Free Marketing.  Not really.  I know CEOs and CFOs want low cost/no cost Marketing, but the saying “You get what you pay for,” is true across all marketing channels including social media.

On the surface, social media appears free. You can get a Twitter site or Facebook page for free. You can even set up a blog for free. But, consider this:

• Some blog services are free but limited. Free blog services don’t allow you to monitor stats to see how many visitors you may be attracting, or enter key words to maximize search.
• Facebook is free, but ads are not. If you are using Facebook for business, you should have a business page, be building a fan base, and considering targeted ads. I read somewhere that Starbucks, a leader in the use of a Facebook business page, has six people on its social media staff.  As of July 09, they were reported to have 3.5 million registered Facebook fans.  They may be closing stores, but they aren’t closing down Facebook pages anytime soon.
• Twitter is free, but your time isn’t. You have to post, research posts, and monitor inbox requests. Social media guru Guy Kawasaki has a team of 2-3 twitter ghost writers.  Ever wonder why?

Speaking of Twitter, according to WACO (the World Advertising Research Center, not the city in Texas), earlier this year Dell computer reported that it generated $3 million in sales through microblogging services, and that’s after it had to recover from previously  bad press in the blogosphere!  That kind of revenue potential deserves some investment, wouldn’t you say?

A Marketing Truth: Media costs. We always knew it costs money to take out a TV ad. Why do we suddenly think other marketing channels are free?  There are hard costs and soft costs, but getting your message in front of the right people is a science that takes talent, effort, staff time, creativity, and execution according to plan.  That science, by the way, is  called Marketing.

Another Truth: Planning Saves Time and Money. There are ever-increasing low cost (ahem free) channels for getting your message out to the right people, but the cacophony of choices means you need to wisely invest your time and resources on those outlets that maximize your positioning.  Guess what?  That’s what an executed Marketing Plan is!

Bottom line: Make sure you have the resources at your disposal to make the right choices, keep your messaging consistent in your chosen medium, and measure response.  It takes time, effort and potentially staff resources unless you really want to do it all.  But your time is valuable isn’t it?  I assume you’re “not free.”

P.S. I’m currently working my way through Anderson’s Free. It’s a must read for all business and marketing types. Lot’s of good food for thought.  In keeping with the spirit of the book, I took it out for free from the library.

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Marketing measurement now has its own acronym — ROMI, or Return on Marketing Investment. It has hit the big time with its own detailed explanation in Wikipedia.  The key to the Wikipedia definition is the differentiation between short and long-term measurements and this is also what separates the amateurs from the pros.

Short-term ROMI is exactly what you would expect — the ratio of  what  you spent on a single tactic versus the increased revenue.  It’s a bit more complicated, but that’s it in a nutshell.  But, if you’re good at marketing, you likely have a campaign running, not a single tactic, and you’ll need a more sophisticated method for measuring return. That’s what the pros are calling long-term ROMI.

Long-term gets into the issue of branding, brand awareness, and the ultimate marketing mix.  How can you decide if you’re in the pro leagues?  Here’s a simple test: Are you concerned with brand and market share or just chasing more sales?  There’s nothing wrong with more sales.  It’s the reason to be in business after all.  But, if you’re only measuring sales, you’re in the minor leagues. The pros are looking at brand equity and market share in order to build towards the future.

And, of course, even this academic discussion on Return-on-Marketing-Investment pre-dates the effects of social media on the marketing mix.  If you bother to check the Wikipedia bibliography on the term ROMI, you’ll see the most recent reference is from 2006.  It’s safe to say that the use of social media in branding is just beginning to hit its stride. Branding giants — from Kodak to Zappos — have embraced it. These companies don’t take marketing lightly and they wouldn’t be in it just for the fun of it.  There ’s no question that marketing’s future is in today’s social media — at least as one growing leg of the marketing mix stool.

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In today’s environment many businesses just want to keep their heads above water much less be concerned with growth.  But here’s a  business fact:

There is no standing still. Growth of some sort is a given in order to stay ahead.

There are many ways to grow.  Traditionally, we’ve learned to consider growth in terms of revenue or sales. But, there are many other measurements of growth from Market Share to Share of Customer, or simply Audience Reach. Growth can also just mean to stretch yourself and consider new ways of doing things, new things to learn, or new services to offer.

It was Albert Einstein who is attributed with saying that the definition of insanity is repeating the same thing and expecting a different result.  Times are difficult now for all businesses.  One thing we know for sure. Doing nothing is akin to giving up and can only result in retraction rather than growth.  If you want to be there to tell your grandchildren the story of the Big Recession of  Twenty-O-Nine, take a deep breath and try something new.

Here’s one suggestion:  Look into social media.  It’s largely free and help position you for the next era of communication. One news service I subscribe to anticipates that by 2010 — 50 percent of the Fortune 1000 companies that set out to enter the social media world will fail in their efforts. Why?  Because they failed to plan a rationale for being in the social media arena. But, don’t let that stop you. This is a great time to learn if the new media is for you or try it out to determine how it might serve your customers.

In Summary

Growth comes in many forms.  Spring is generally the time for spring cleaning, including giving up old habits and ways of thinking. But don’t lose sight of the fact that the cleaning has a purpose — to make way for new growth. Being on social media is one way to grow and stay active in new ways of communicating. There are many others. Dedicate this month to one growth action — be it personal, professional or business oriented.  And, if I can help, please let me know.

* adapted with permission from post on NAPLLinkLetter.org on 4/13/09, Rhona Bronson, NAPL

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