"I'm an ideas man, Michael..."

So I have been thinking of little things I could do to make the Marketing world a little better place. Figured I might as well get my head wrapped around the idea of brainstorming on a regular basis for that day when I get a job. Well I figured I would share some of my ideas.... with the knowledge that they may get stolen at some point.  Well here it goes (and I am not sharing all my ideas... that would be stupid).

My first thought is on the location-based app world that is starting to bloom. It is no secret that I really like Foursquare. It has become an addicting little pass time  for me as of late. I began to think of how Foursquare to monetize their business (and this goes for Gowalla, Loopt and the others out there) and came to a conclusion. All of this data that these companies collect is VERY valuable. You find out how many people they usually show up with, what they are saying and how often they go (probably what kind of phone they checked-in on as well). This can be a lot of use for marketers. Why not sell this information to the companies? Now before you grab your I-want-my-privacy pitchforks let me explain that they would not get any information you are not giving to your social networks and you could opt-out of the personal information sharing, just the location sharing would be shared.

Start off with a pricing plan that for each location you want info on you pay a certain price. Then if you want info on your competitors you pay more. Well you can see where I am getting at here. This would help with the market research and make sure these budding social media companies stick around a while longer.

Next up I figured I would put in a PR idea I have. This also deals with Foursquare and the adoption of social media into your integrated marketing strategy. So you already use email marketing... or you should, and now you are diving into the realm of location-based sharing to get your company out there. You have your Twitter, Facebook, blog, Flickr and other social media profiles on your website. Now what? Well you can check to see who is Mayor of your locations and give them a little bonus or discount. You then mention the discount on your website to entice others to jockey for that coveted position. Even better, you post the profile or name of the current mayor of your locations on your Facebook, blog and email newsletter to encourage competition. You make people want to gain that mayorship to gain that recognition. Maybe give discounts for kicking a mayor out. You want turnover in that mayorship because that means loyalty and repeat business.

These are just some of my ideas. Take them as they come. Ask me for more... but the next ones will cost you (I want a job).

Blockbuster idea or too little too late?

So it is no surprise that Netflix and Redbox are taking over how we rent videos. Less overhead to deal with then the brick and mortar counterparts. What is surprising is the deal they both signed with Warner Bros studios making it so the WB movies arrive in stock a full month after being released. Smart move on WB's part as it (hopefully) will boost DVD and Blu-Ray sales, although unlikely to make a big difference. This blog post is not directly about this deal or even the two previously mentioned rental companies. It is about Lackluster....er Blockbuster.

I had read this article today on CNNMoney.com about the fact that Blockbuster is in danger. They have way too much debt and, well let's face it, an antiquated business model. I am impressed with the flexibility Blockbuster has had in trying to change the way they have done business and using the brick and mortar stores to their advantage but is it too little too late?

Well the aforementioned article mentioned a possible competitive advantage that Blockbuster may now have up its sleeve. Blockbuster also recently signed a deal with Warner Bros but this deal lets Blockbuster have the movies when they come out for a sharply discounted price, allowing WB to receive more of the rental royalties. What does this mean for Blockbuster? More cash up front to pay down its debt. Also it gives it the chance to run store and print ads like this:

Now this is aggressive advertising. This is arguably one of the biggest movies of the last year and look you has it first! I applaud you Blockbuster and wish you well. I hope this works for you as you now deserve a little more street cred.

Social media 101 (reblogged)

So this is a little something for a side project I am starting up with a family member. What I have done here is explain a little about the social media realm for nonprofits. Sorry if it is a little shaky and hard to hear but I recorded it on my cell phone and at the park (in my car) because that was the quietest spot I could find at the time. Let me know what you think!
Originally from here.

Sex sells (Now maybe people will read my blog!)

So we have all heard the phrase that sex sells. Well does it really? Short answer is yes. Now this would not make for a good blog post so I figure I will give my two cents on why sex seems to work so well.

I have a theory with advertising and marketing and the most effective campaigns. The best campaigns have that "Wow Factor" that leaves the audience with quite an impression on the company or product. Sex just so happens to be one of the items that can work and that is why it sells. Humor is also one of those huge aspects of advertising that just works for some companies. Look at Budweiser and the famous Bud-Weis-Er frogs from so long ago. Spokespeople also work along the same lines. Michael Jordan had a great run with Gatorade and Nike.

Basically I guess my reasoning behind this post was to partly debunk the "Sex Sells" line while also showing why the line is true. Confusing, I know. Also I wrote this to show that sex does not have to be used in advertising as Humor, Spokespeople and more can be used. You could say that lazy advertisers use sex to sell their products but that too is not entirely true. There are products and companies that have used sex to sell their products VERY effectively. As with any campaign you must take a look at the target audience, your product and the company culture to determine if sex works. Basically my blog post has been a way for me to declare the validity of and uselessness of sex in advertising.

If that was not confusing for you then you are my hero. That is all.

Social Media Meltdown

So a while back I talked about a few new-er social media apps; Loopt, Wave and Foursquare. Time has come and gone and I have decided on a winner (in my book). Of course this is just my personal preference so take it as you will, and try to convince me otherwise in the comments!

My last place app would be Loopt. I honestly did not keep it long as it did not have the "wow" factor that made me want to keep using it. Basically I could do everything Loopt can do (minus actually looking for a place to eat) with Twitter. I did not see the benefit to using the app and stopped using it very quickly.

Next up is Wave. I left this at second place because I kind of still use it. A group of friends and I get together via Wave to talk about music but the conversation starts to lag.... not due to our lack of knowledge on the subject but due to the service itself. Our group only consisted of four members at that time, really? This shouldn't happen. At least it is free and technically still in closed beta so maybe it will get better.

Next up, and my favorite, Foursquare. What sets Foursquare apart from the other location based apps is the game you play. Checking in is fun and all but the first time you get that Mayor status you get a little sense of entitlement. Upon losing a mayor status, it is like being demoted at work. You almost feel like less of a person and you try to win it back (great news for the business). Becoming mayor of even more places or getting more badges then your friends is like street cred. You have bragging rights.

I have been exchanging Tweets with (I guess you could say) friend on Twitter about this service lately and have come to the consensus that it is just plain addicting. Going out of your way to "check-in." The history of my Foursquare looks like a listing of local restaurants. It is a unique way to show ownership of your local area and to share it with your friends. If you are afraid of sharing your status, you can not send it to Facebook or Twitter but if that is not good enough you can always set Foursquare to hide your whereabouts even from friends on Foursquare.

The way I see it is Foursquare is stimulating the economy, one check-in at a time. Can't go wrong with that.

Too many hands....

So I had the great opportunity to meet with a business group today. Let me put it this way, and I hope it does not sound harsh, the company has potential but will not grow as it is presently constituted. The problem? Too many ideas from too many people. In theory the idea behind the company is great, get people from as many different specialties as possible to generate the greatest amount of ideas that do not cost anything to implement (ok so that last part is not as conducive to making money but that is not the point of this post). The problem is the amount of "expertise" in the room.

What I have found from my business traveling's in the small business world is that sometimes you just need to jump in to test the water. The more you think about your product/service the more you will over think. Now this is not always the case but 9 times out of 10 this will happen. Am I advocating not having a plan? No. I am advocating having more of a guideline and that you tweak it as you go. You need to stay flexible when starting and running a business as change is inevitable. Taking on business partners can be good, as long as you do not have too many and they all know what role they are to play.

Remember my motto, Dive in and Adjust your Plan!

Best, Guaranteed, Most Effective Social Media Marketing Techniques!

So I hope you did not come to this blog looking for the tips that would make you a super star social media marketer in the eyes of your employer because, much like those late night get rich quick schemes, there is no one formula for hitting it big. What you need are the basics and a willingness to learn. Now that will not get me a spot in a big marketing seminar but honestly I am here to give my insights. What I can do is give you my steps towards potential social media greatness... after all if you wanted a strict proven formula for success you would have chosen a field other then marketing.

First and foremost, you need to jump in. You can learn everything from book... or in this case websites, but if you do not take that first leap, noting is going to happen. Research is of course key. That part of marketing should not be left out as you NEED to know who you are targeting, which kind of social media they use most (but honestly jumping into Facebook, Twitter and blogging are going to be your best bet... at first) and what they look for online.  Once you have the basics about your demographic you need to take that leap.

After jumping in you need to tweak your strategy. Yes you still need somewhat of a strategy to get this done but the strategy is flexible. The way to tweak the strategy is to continue learning from your favorite social media marketers, be they bloggers or actual companies that you feel are doing a great job. Follow them, learn from them, observe their ways. This is how I have actually learned the most. I have seen what true social media dialogue should be.

Ask your followers. When you get a few, a certain number to be determined in your strategy, ask them what they want from following you. If you rely on the people who you are trying to get in touch with, there is a good chance others are going to feel the same way. As you ask for information you will also make your followers feel part of the process. They will be invested in you, your online strategy and your company, WIN-WIN!

Next up is do not be pushy. We all know the hot used car salesman that always gets on everyone's nerves. Why are they everyone's favorite? They only talk about the sale. Don't be that guy. Talk about news that is pertinent to your industry, look for glowing reviews of your product and retweet it out for others to see and you can always take the Best Buy route and go for a support squad, looking for opportunities to service your potential customers. One of my favorites is the good old contest/giveaway approach, for questions geared towards your business off course. Do not be the used car salesman of Twitter, for all of our sakes.

I will also say that you need to innovate. Try something new. Use social media as a way for people to receive discounts or special information on sales. There are a number of ways for you to innovate and bring more customers to your website. Be creative.

These are the basics. Build on them. Just remember that there is no true secret formula to success on the interwebs, no matter what you are told. Look into the blogosphere and even Mashable, they are good people.