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SBF: The Surprising Gender Difference In Customer Loyalty

IStock_000001198921XSmall Several months ago I read a piece of research in the Journal of Marketing that I found both surprising and believable at the same time. In fact, the conclusion of this research made such an impression, I clipped a report of it and put it on the board beside my desk as a reminder of one important difference when marketing to women versus men that many small businesses completely ignore or forget about.  The research explored the idea of customer loyalty, and uncovered that (on average) men were far more loyal to an organization or group than any single individual within it – and for women this finding was the opposite.

What this means is that for businesses such as a hair salon or barber shop – men are more likely to be loyal to the establishment itself, while women would be more likely to follow the individual stylist from salon to salon. As the research notes, “Women tend to view themselves as being connected with and dependent on a few specific individual others. In contrast, men tend to view themselves as being connected with and dependent on larger groups of people and organizations. Because individual relationships are more important to women, they are more likely ...
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Would you choose social media or engaged employees?

“If you had to choose social media* or 100% engaged employees for your brand, which would you choose?”

I recently asked that on Twitter and the responses were pretty interesting. The question forces a choice, which many of the people who responded had a hard time making. One person even called it down-right ’silly.’ Generally, people wanted both - engaged employees who use social media. Fair enough, but not a singular answer the question begs.

If you’re having a hard time with the answer, this might be a good gut-check.

You see, the answer gets at a deeper question - what is the most valuable asset that your business has?

We’re not denying that social media can have massive influence for a brand, or even that it can add to a brand’s bottom line if wielded correctly. But I am saying that we would bet on a business with engaged employees and no communication through social media over a business with mountains of online ‘influence’ any day of the week.

Why?

It’s pretty simple: one of the foundations of a good business is an amazing customer experience. And employees provide that experience to customers. And 100% engaged, passionate employees do that in a way that turns ... read more >>

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Financial Services & Social Media

As someone who has a background in marketing to the financial services industry, and who is also social media consultant, I have been watching, with interest, some of the forays into the social web by companies like Vanguard and Fidelity. I have also noticed that many who profess to be holding back on entering into social media actually have most of their registered reps active on LinkedIn and Facebook, but have no real policies in place to guide and support their reps.

Financial Services & Social Media White Paper

I remember that there was a lag time between when email and the Web 1.0 world began to dominate how companies communicated, and when FINRA (the financial services regulatory authority) was able to address this new technology. While these forms of communications were, basically, electronic versions of paper-based communications, the social web is not only more complex, but it supports conversations and information sharing where there is equal participation by all involved. Companies can guide, but not ultimately, control theses conversations, and they definitely cannot control the technology that supports social sites.

I don’t envy FINRA’s task ... read more >>

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Third Grade Show and Tell: Online Privacy

This morning I was a reluctant participant in third grade show-and-tell. Usually the kids bring books about dinosaurs, or vacation souvenirs, but my daughter took advantage of a little known provision that allows the children to bring people. I felt a little like a snow globe, or maybe a sock monkey, on display.

We ended up having a great conversation about online privacy, which was made all the more interesting by the students relating their experiences firsthand.

My daughter proudly introduced me to the class by saying, “my dad wrote a book about work.” I explained it was about social media (not a gripping topic for most nine-year-olds). Most of the kids knew about Facebook and YouTube. A few were familiar with Twitter.

In order to start up a conversation about privacy, I explained Foursquare, and how people “check in” at Starbucks, the movies, work, etc., but how parents should not check in at home, or at their children’s school, karate studio, friend’s house or any other location that divulged the schedule and location of their kids.

This opened a really interesting discussion about privacy, and the data collected by sites like Webkinz, Nick Jr., Poptropica, etc. One ... read more >>

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The Brand Dashboard: A Window to Relevance

Perhaps the most difficult aspects of Social Media to embrace are the changes in our behavior and overall philosophy it necessitates in order to earn relevance and ultimately prominence in consumer hearts, minds, and markets.

Simply put, Social Media makes us vulnerable and officially ends an era of perceived control threaded by the illusion of invincibility.

Everything we thought we knew and valued is now in dire need of reassessment. We are entering into a time when we are affected by voiced sentiment in the public spotlight and backchannels of the social Web. What we hear, see and observe can and should touch us.

Businesses are now responsible for not only delivering beneficial products and services, but poignant, personalized, and aspirational experiences as well. This is true today and tomorrow as we compete for the future that is revealed through the actions and words of the people we wish to reach and inspire.

In Social Media, We are All Brand Managers

The process of evaluating, measuring, and defining brand stature was once relegated to a brand manager, expert, or team and shaped by a top-down process of activities designed to reinforce the message and personae. ...

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5 Social Media Tips for Ecommerce Marketing

If you run an ecommerce business, chances are your customers – regardless of their age, gender or economic status – are active on social networks and social media sharing sites.

Just consider the statistics from social media monitoring site Pingdom:

  • Males and females almost equally use social sites (47% vs. 53%)
  • 61% of Facebook users are middle aged or older, with the average age being 37
  • 18- to 24-year-olds don’t dominate any particular social networking site; they’re spread out all over

The bottom line: If you aren’t discovering which in social networking channels your customers spend time and include them in your ecommerce marketing mix, you’re probably  missing out on building relationships, community and increasing new customer acquisition through online word of mouth.

Leverage these five social media marketing tips for ecommerce to either get started with more social digital marketing or take your current social strategy to the next level:

1. Go Where Your Customers Are

Very few things in life promise endless options – digital and social media marketing being one exception. From Facebook to Twitter to LinkedIn to YouTube, there’s no limit to the ... read more >>

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+2 2 votes

Humanising the Enterprise for Greater Efficiency and Effectiveness

I'm in Austin where we just announced a partnership with the Dachis Group at their Social Business SummitLee Bryant is talking about how to build more efficient and effective organizations. What follows is an impressionistic transcript.

Lee Bryant ad Social Business SummitI'm somewhat of a traditionalists. The 21st century corporation was an interesting experiment, but we have 100s of years of people-based businesses to drawn upon.  The Hanseatic League was a tremendous ecosystem predicated upon a shared involvement, a value exchange mechanism, where people did right because they would meet again.

The corporation that emerged was taylorists and specialized. It brought us scale. Great, don't want to downplay the benefits of it. But we can do things differently. Bureaucracy an business friction 1.0 is when structures that dampen network effects to get worse the more people use them.

But now we have network effects and collective intelligence. Structures that harness network effects to get better the more people use them. We can have intimacy at scale.

The old way to think about efficiency should be questioned. Anything value added more than a MacDonald's job needs to be. What used to be "me" is now .. ... read more >>

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Make it Simple, Focused, High-Performance, and Polished: My Web Philosophy

I was asked recently by a potential client what my “philosophy of the web” is. What seemed like a strange question at first made perfect sense when I thought about it.

mediocrity now howls in protest Hugh MacLeod

"mediocrity now howls in protest" by Hugh MacLeod

Without sounding overly simplistic, I think there are 3 types of businesses on the web:

  1. Ones that try to milk or exploit the web (think spammers, Zynga, the “make millions on Google” crowd). These people aren’t always dirtbags nor are they breaking the law but they’re looking to take everything they can get without giving much back.
  2. Ones that just see the web as another medium to conduct business. Decisions on the web are made the same way any other decision in the business is made. Should we change our health care provider? Should we move our office to another city? Should we invest time in a Facebook page?
  3. Ones that have a sincere passion for the web and what it can do for people. These are people who contribute valuable work to open source projects, manage vibrant communities of people, and write about these things because they can’t help themselves.

I whole-heartedly fall into the third category; I love the web and everything it can do. ... read more >>

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+1 1 vote

Report: 30 Percent of Gamers Can’t Afford Virtual Currency

offerpal-iconToday, Offerpal released the results of a survey that targeted social gamers’ monetization activities.  Specifically, the report found that 29.7% of social gamers do not have the ability or means to pay for virtual currencies with cash, and 53.3% of consumers are willing to engage in alternative payments, like offers, to earn virtual currency. The report also found some other interesting statistics related to monetization behavior.

Seeing as this is an Offerpal study, the results aim to demonstrate that alternative payment methods will attract many social gamers who don’t have means to pay for their virtual currency with cash.  However, this is in line with other numbers we’ve heard from the social gaming industry, such as Zynga’s claim that 33% of their overall revenue comes from social games.  The survey identified “alternative payments” as filling out a survey, watching a video, shopping at online retailers or signing up for a subscription.  The standard payment options are credit cards, Paypal, bank transfers and mobile billing.

Another interesting result was that 34.9% of gamers say they are “very unlikely” to part with their money in order to ...

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An Open Letter to Jeff Bezos

This post might not be a wise move but I never claimed to have a perfect batting average in the wisdom department. David probably shouldn’t tick off Goliath in general. In this case, when it comes to selling books, Amazon is clearly the 800 lb gorilla in book sales. Maybe I shouldn’t write this post.

On the other hand, how do you effect change if you don’t express your dissatisfaction with the status quo? Not by silence. What the hell…I’m going for it.

Why I’m Miffed

The source of my disgruntlement is Amazon, but not as a customer per se. I’m writing as an author and one not happy with its customer service. I’m particularly miffed at the time that it is taking Amazon to post my book videos to the main page of each. The two in question are:

By way of background, Amazon has been allowing authors to post audio or video content on their book pages on a limited basis. For a few examples, see Chris Anderson’s Free: The Future of a Radical Price or my friend Scott Berkun’s latest Confessions of a Public Speaker. Both of these have informative multimedia files attached to ...

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+2 2 votes

Customer Experience: Do You Really Know Your Audience?

It’s no surprise that the increasingly social web have enabled customers to be heard while helping to improve the very products and services they’ve purchased. As millions of people continue to search online for the product they need and the service they want, do you know how the recession has impacted your customer’s value perception?  How are you going to improve the customer experience to optimize your products and services?

Your customer may have already shifted their spending in favor of private label brands over name brands or reduce the quantity or frequency of buying altogether.  Perhaps the freemium business model has become the new standard to get your customer to try your product. Whichever way you look at it, consumer’s perceptions of an interaction are influenced heavily from their purchasing experience, by how they research to who they trust.

To understand and improve customer experience, companies should first research their customer’s natural behaviors, and then seek opportunities to influence those behaviors through targeted strategies and niche offers.

According to a recent Nielsen analysis revealed generationally shopping habits that reflect ... read more >>

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A Brand Too Far?

Mr. Clean is a car wash in Texas. Gerber sells baby life insurance. Caterpillar makes flashlights. I think the brand extension business is just a little crazy.

I get why it should work, and I certainly know why businesses want it to. Any survey or focus group will tell you that consumers associate brands with purposes. GM makes cars. Apple makes computers. They also attach emotions to them, however unfairly and unevenly. GM cars aren't any good, while Apple's computers are cool. Comcast is a service nightmare. 

These internal states of brand awareness have value that should be transferrable to other products and services, especially if they keep within the constraints of that knowledge. Gillette should be able to sell men's grooming products because its brand is already all about razors. Microsoft sells computer hardware because it’s already in the software business. Such "extending" isn't a reach because the new products are easier to embrace and buy due to the power of the brands. Selling them that way is cheaper than trying to invent awareness from scratch.

Is it really that easy?


If you've read this blog before, you know that I am a raging heretic in the Church of ...

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10 Newbie Twitter Mistakes Made By Businesses

Businesses jumping into social media often see Twitter as a “simple” part of the plan: set up an account and start tweeting. Sadly some even get stuck right after the set up part. Here are 10 mistakes business newbies on Twitter should avoid:

1. Doing Little or Nothing
With an estimated 25 to 30 percent of Twitter accounts either empty or “one tweet and done” is it surprising that these accounts generate little interest from others on Twitter? Your inactive or virtually inactive account sends a clear message that you’ve given up on Twitter.

2. Desperately Following
If you’re following hundreds of people and only a few dozen are following back doesn’t that send a message that you desperately want followers but aren’t getting them? Why not be patient and never let your Following count get more than 10 percent higher than your Followers count?

3. Tweeting Too Much
If you’re guilty of this you will annoy your followers and water down your message… which likely means you’ll lose followers faster than you get them. How much is too much? Start slowly and only tweet useful stuff two or three times a day. As you slowly increase this over . . ... read more >>
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Millennials Need Instant Gratification

Why is it that Millennials demand instant gratification?? If you put yourself in our shoes, though, can you blame us? We grew up on technology. I used a computer for the first time in the fourth grade, primarily for computer games, and grew up as the Internet evolved. We are extremely technologically savvy and love exploring the web.

We desire instant gratification in other ways as well:

When we turned 16, we expected to get our license and a car.
When we hear a song we like, we want to download it instantly.
When we took a test or wrote a paper, we wanted results quickly.
When we send an e-mail, we expect a message immediately saying it was sent.
When we call someone, we expect them to pick up.

Now what is it about technology that everyone loves?

Instant access.
Confirmation that an action was received.
Quick responses.
The ability to compute things fast.

Since us Millennials grew up on computers and the Internet, and the above four components are major benefits of fast computers, that explains our need for a quick reward from every action. It is almost an innate instinct of ours to receive instant feedback from something we do, not because we are greedy, careless, ... read more >>

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Free Tools for Social SEO

Plenty of bloggers are talking about the inevitable intersection of social media marketing and search engine optimization. Keyword optimized social content and channels of promotion provide abundant signals to search engines for improved visibility on standard, social and real-time search.

The changing nature of social media marketing and optimization create the need for tools whether for research, marketing and promotion or analytics. Here are 11 social media and SEO tools you might find useful:

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