There is a certain safety in following the rules. When a marketing path has been tested, there are few surprises or unexpected challenges. Mediocre entrepreneurs can create successful companies by following the steps of the innovators who have gone ahead. Odds are that the copycat businesses won't last more than a few decades without a significant management change, but they will provide income for the founders until the industry declines or something new comes along.
When I joined the direct marketing industry ages ago, there were a couple of dozen catalogs that were so similar it was impossible to identify the brand without reading the name. There were slight variations in the items, but the look, feel, and product lines were eerily alike. One of the owners explained the copycat philosophy to me. She said that the company that had originated the look did all of the heavy lifting with testing new markets and products. The copycats had higher profit margins because they didn't invest in testing or new strategies.
The benefits gained by following the leader didn't last. All of the copycat catalogs died an untimely death. The companies that survived the peaks and valleys of the economy were the ones who invested in quality analytics so they knew what worked with their customer base. They tested different strategies, tactics, and products. Marketing rules established by others were viewed as guidelines to be tested, not hard facts because every corporate culture is different.
Learning from others worked because the guidelines were based on sound business strategy. They had been tested by varying elements to see what works best. Marketing pioneers readily shared their discoveries with new marketers who, in turn, continued testing and improving results. The information tested and shared ultimately evolved into best practices.
Things change.
In the last few years, best practices based on controlled tests have morphed into rules formed by personal preferences. The catalyst for this change was the introduction of social media and the vision of a marketplace controlled by the people. The new age marketers' imagined a world where people find businesses to fill their needs instead of one where companies seek customers.
The combination of tough economic conditions and the new marketing channel promising untold riches with minimal effort created a perfect environment for people willing to pillage the online community. Individuals facing record long-term unemployment searching for ways to provide for their family and executives desperately seeking to escape a sea of red ink were easy prey. Self-appointed experts commanded attention with declarations of data cooked up in imaginary labs. Testing of cause and effect required too much time and effort. It was much easier to imagine something and declare it as fact.
Rules of engagement were created and enforced by the new age marketers. In their alternative universe, traditional marketing was taboo. Anyone daring to promote their business or products via social media risked being ostracized on public forums. Requiring a return on investment indicated stodgy old school management destined to follow the dinosaurs into extinction. The new marketing rules included:
- Promote others twelve times to every one promotion for your business.
- Do not use automated direct messaging on Twitter.
- Leave comments on other people's blogs to increase traffic to your site.
- Do not use social platforms to share promotional messages.
- Give to get.
- Be completely transparent in everything you do.
- Do as we say not as we do. (This one was unspoken. The rule makers didn't follow any of the rules they created.)
Few dared to publicly challenge the new leaders. The new media was, well, NEW. And, different. And, people were already hurting and afraid of making another mistake. Following the leaders seemed safe and $397 for a guided tour of the new marketing channel seemed reasonable in an unreasonable world.
Did it really matter that the tour guides had little or no business experience? Or, that they aggressively promoted each other with affiliate links while pretending that they were simply sharing good sources? Or, that the how-to information they were sharing was based on personal opinion and theory instead of tested and proven tactics? Not much because it was desperate times filled with desperate people. When you are drowning even grasping a straw provides hope.
Time passes and with time comes experience.
When social media was new, no one really knew how it would evolve. The newness is gone, but there are still a lot of unknowns. It's a shame that the people who stepped up in the leadership roles spent their time telling people to "be awesome" instead of testing different strategies to find best practices. It's equally shameful that people followed them blindly down a dead-end path.
Fortunately, not everyone drank the social media Kool-Aid. People that didn't get caught in the drama invested their time in testing different things to see what worked or didn't. Real companies are making the social channel work as part of an integrated marketing strategy that includes other channels. There are a variety of successful strategies that move people from social activity into the buying cycle. Instead of trying to be awesome, successful marketing teams work to make real connections with customers and prospects. They may not have a zillion followers or fans, but what they have is much better. They have a proven strategy for using social media to generate revenue.
Testing different strategies to establish marketing rules is the best way to create sustainable growth for your company. Doing this requires a complete understanding of your customers, their behavior, preferences, and how everything works together to create a profitable strategy. Start with your data, add questions, and test everything to find proven cause and effect. It takes time and effort but the benefits are worth the investment. And, don't listen to people who are selling new age marketing without questioning their experience, information sources, and testing strategy. The same people who promised that "it was all about the conversation" are now talking about search engine optimization, direct marketing, benchmarks, analytics, and return on investment. Being able to talk a good game doesn't make you a player.