Showing posts with label Niche Marketing. Show all posts
Showing posts with label Niche Marketing. Show all posts

Wednesday, May 15, 2013

Wibbly-wobbly, Returny-wurny | Lessons on Social Media from Doctor Who

In 1963 a children's show was created in the UK. It was meant to be an educational show, a show that would transport its audience through time to the past to witness the Aztecs or Ancient Rome. It was marginally successful until someone decided that while the characters were traveling through Time, they could also be travelling through Space. The show, Doctor Who, celebrates its 50th anniversary this year and is more popular than ever. But it wasn't a smooth ride at all.

For the first years of its life, the show was popular with children (and their adults) as a sci-fi show, with evil baddies, ambiguous morality lessons and a charismatic, mercurial lead, The Doctor. In the 1980s the BBC leadership was absolutely dedicated to killing the show, but fan pressure - now global through Public Television support for the show in America and Australia - brought it back from the grave, for a while, until the show was once again cancelled after the 7th Doctor played his last spoon....

...Only Doctor Who didn't die. Bizarrely, it was picked up by an American television network, which of course focused on all the wrong things, and annoyed the British fans no end ("The American Movie" is how the 8th Doctor's tenure is known among fans.) But it did something unheard of. 40 years old and the show hadn't died. Like a Monty Python character, it kept reassuring us "It wasn't dead yet." And fandom hadn't moved on. With a body of episodes in the hundreds, still showing on Public TV, then reluctantly released by the BBC on VHS, the DVD, fandom wasn't dead.

And neither was the show. In 2005 the famous blue box known as the TARDIS landed once again in the UK and it was alive, again. The "new" Doctor Who, which picked up with the 9th Doctor and has now made it to the 11th is more popular, more global  - and more financially lucrative than ever before.

So, what are the lessons we can learn from this story?

Return on Time - Perseverance isn't overrated

In the days before Venture Capital and Y Combinator, sometimes all you had to rely on was Time. Having a good idea five years too early can gut a company. But Apple proves the point - when a good idea takes time, perseverance, passion and a soupcon of delusional belief that you're right, playing the long game can lead to success.

Return on Investment - Throwing money at the problem works too

When the BBC demanded better ratings for the 7th Doctor, and they were competing with Star Trek: Next Generation for share of the TV Sci-fi watching audience, the creators of Doctor Who were in a bind. They scraped up more money and put on the most sophisticated show their budget would allow. In comparison with earlier seasons it was fantastic (despite that, the BBC was grumpy again, and they killed it anyway.) In 2005, the showrunners pulled out the stops and the re-launch of this iconic show was as good as anything else on TV. No plywood hallways, no two-set shows. Doctor Who was a big kid now. When you've strained to the edge of what you can do with Time, Investment pushes you to the next  level.

Return on Social is Wibbly-wobbly, Returny-wurny

The 10th Doctor famously stated, "Time is wibbly-wobbly timey-wimey." If there is a single lesson we can grok from The Doctor and his travels through our airspace and time, it's that Return on Social isn't a matter of simple eyeball formulas or likes or shares. In the days before the Internet, Doctor Who fandom created fanzines, wrote fiction, gathered together with friends on Saturday night to watch the show on Public Television, went to conventions to meet the actors. It has always been a social product. DW fandom were early adapters of online technology, expanding their contacts in fandom globally. When the new show launched, fandom was all ready for it. The network was built, ready and waiting. Virality wasn't an accident, it was 40 years in the making. And that is why the new show is popular. BBC and BBC America have made it more accessible, but the Internet does the rest.

Return on Social means a little push here, a nudge there, circle back and start again. When the formula doesn't work exactly as planned, passion and engagement can carry the project along. Superb execution pushes the boundaries and then back to the beginning yet again. Social is wibbly-wobbly, but if Doctor Who teaches us anything, it's that it can absolutely be returny-wurny.

Monday, December 19, 2011

Best Practices for Strong, Stable Linkbuilding with Social Media

The old adage "It's not what you know, it's who you know," is more important than ever in today's business world. And, one of the major measurements Social Ranking sites use now is an objective measurement of the value of your network. This is a questionable measurement since, our networks are always valuable to us, but on the principle that links in from major industry players weigh more heavily than links from friends and family, there some value to the concept.

So, what can a small- or medium size business do to build a strong network? Let's start with Social Media Linkbuilding. Many, if not most, of the "Best Practices" guides online on linkbuilding advocate tactics that are questionable, if not outright ignored now by measuring tools. Just as poor website construction can damage your overall SEO, poor linkbuilding tactics can severely damage your Social Media credibility. Here are five simple tactics that will increase your credibility and your network value.


Converse, Don't Monologue
Like people, companies are self-absorbed. They enter Social Media spaces focused on what it can do for them. They pop up on Facebook, Twitter or whatever platform with the corporate equivalent of "Hey guys, I'm here!" and expect people to care. But, just as no one really likes the guy who comes into the room at the party and says that, no one really cares that your business is on GetGlue...until you become interesting.

Forget the press release that you now have a Twitter account. Take time every day to find people talking about your business and just talk with them. Have a chat about the sandwich, those tickets they bought - were the seats good?, news in that field...and after you're become someone to listen to, THEN tell them about the sale coming up.

Talking with people sends a clear signal that you are not just in this for you - you really get the Social part of Social Media.


Be Generous
Sharing ideas, praise, credit will make you the kind of person whose network people want to be part of. Who is retweeting you, sharing your Facebook posts? Thank them, make them feel special, make it a special thing to be recognized by you. You'll find that the more generous you are, the more generous your network will be to you. It takes so little time or effort to recognize and thank someone, there's really no good reason to not do it at least semi-regularly. Slow news week? That's a perfect time to highlight some great network contributors! Saw a great article? Tell the person - publicly. Yes a nice long email explaining what you liked about it is great, but a short "This was an excellent article" on your Social Media platform helps spread the word. This gives the author a chance to respond back and possibly a new connection for both of you.


Don't Hijack, Give Credit Where Credit is Due
When you quote someone, you're expected to source the quote. On Social Media, source your links and wisdom, too. No one likes the guy who never has his wallet...no one wants to be part of the network of the guy who never says where he saw the link first. Use via to let people know that they've been sourced. This link will come back to them...and there's a good chance that you'll get a link back from them.

People who hijack links without sourcing the original, or who run them through their own jump pages make for lousy network additions. Avoid people who hijack links and hope they avoid you.


Variety is the Spice of Linking
You're good at linking to people in your industry. You know your peers and vendors and maybe even some of your customers. But no company is an island. There are industries peripheral to yours...and many service industries that you can benefit from like research, design, finance...don't be afraid to link out of your vertical. In fact, be afraid to not link out of your vertical! The further out you link and connect, the further out your message will be heard and seen.


Be Bold
Once you've started conversations with people in other industries, there comes a moment when you can just talk with anyone. Don't worry that the person is a President of a powerful company - if they are speaking with you as an equal, just talk back to them as an equal. Social Media is a great equalizer. Be bold in who you address and confident in how you converse with them.  The bolder you are, the more confident you'll grow, and the stronger your network will become.

Use solid linkbuilding tactics to build a solid network to raise your credibility and value.

Monday, November 1, 2010

Sustainable Strategies 101

Among the most overused words in the business world today is "sustainable." Companies claim that their technologies, communications, even their energy sources are sustainable. It's pretty apparent to most of us that this is merely buzzword bingo and has no actual relationship to sustaining anything except profits.

But when we're starting fresh, sustainability is something we can actually bake into a strategy to allow for changes over time. Here are a few broad topics to consider in order to create a truly sustainable strategy.

Everything Changes

You will create your strategy with an eye to the current state of your industry and, perhaps, a recognition of recent past circumstances. You will understand what your competitors are doing and what you are doing that works and doesn't and all of that will be rooted in your *now.*

There is a famous saying to the effect that no military strategy survives the moment it's taken onto the actual battlefield, and the same is totally true of business strategies. Consumers will not react the way you want them to, a natural disaster in a different part of the world will set off a series of events that effect your business, etc, etc.

Take into account the possible changes, both positive and negative, to allow you freedom to move in an ever-changing world.


Your Mileage May Vary

We all weigh all circumstances in the scales of our own experience. It's useful to walk in someone else's shoes in order to understand different impact of that same set of circumstances. It's easy to take a position that your view is correct, but in order to create a sustainable strategy, you should remember that it is correct for you and may in fact not fit all situations.


Only You Can Change Your Mind

A business strategy is remarkably similar to an opinion. You THINK things are this way and, based on your professional opinion, they are likely to turn out that way if these certain things are done or not done. It's true that some arguments have better data to back them up than others, but invalidating other people's sources is tantamount to taking a fixed, inflexible position. The data you're using is as biased as the data they are using. There is really no such thing as truly unbiased data. Step away from your attachment to a particular source and search more widely. Look for dissenting opinions to understand the perspectives of people who disagree that your strategy will work or not to find the weaknesses in your viewpoint. Shoring up the weak points will provide you with a more sustainable position.


So...what's the trick to creating a sustainable strategy? Flexibility.

A strong, sustainable strategy contains the best understanding from every perspective of a situation and options and alternatives for varying circumstances. Allow for dissenting positions, learn from them and see what that new information can bring to your table. A strategy based on an inflexible set of criteria is doomed, as your industry and the industries around it will constantly flux and shift. Knowing what your nay-sayers say and understanding why they are saying it, will be far more useful than simply dismissing them out of hand. Plan for failure when you are succeeding and success when you are failing.

The more flexibility you build into your strategy, the more likely you are to be able to weather the ups and downs of business and the more sustainable your strategy will be.

Thursday, May 27, 2010

What Makes You Niche?

Niche marketing has been all the rage for the last few years. However, it frequently seems as if "niche" is an ever-moving target that is shifting faster than you can run. Only a few years ago, Apple was "niche"... now Apple's market capitalization has surpassed Microsoft's.

Your business might not be an Apple or a Microsoft, but knowing what niche you inhabit can significantly increase your return on your Social Media investment.


Let's say you own a sports shoe and sneaker store. What makes your store niche?

1) Location -  You might not run the *only* shoe store in town, but you probably run one of a very few. It's pretty unlikely that you're competing with three or four shoe stores with exactly the same stock in one town, unless that "town" is a city. You inhabit a niche - your town and the area immediately around it.

Your Social Media: Using location-focused advertising seems obvious. Consider involving your business with local events, local organizations. A table at a town fair or Founder's Day is still "social media." Your medium is personal interaction. Focus on a local network on Facebook, search for local key opinion leaders on Twitter, encourage locals to check in on Foursquare. Have a website? A blog about relevant items locally can be fun and informative - for instance, perhaps you sell barefoot running gear and a local marathon or fundraising run/walk is happening next week. Being part of the event works to everyone's benefit and you come off as knowledgeable, relevant to the local scene, and kinda cool for helping raise awareness.

2) Topic - Maybe you run an online shoe store. Now you're competing against many more companies, manufacturers, and local brick-and-mortar stores. You can't compete with Zappos or the local store on convenience, but perhaps you can on *relevance.* People who run are passionate. Long-distance, ultra-marathoners and other runners want good, personalized information. Casual buyers might want customizable shoes. Your niche can be owning a topic or set of topics in a way that a large online entity cannot.

Your Social Media: Obviously, a blog works well for this kind of thing. But if you don't have time for that, a newsfeed customized for your key audience, or a customized toolbar can provide you with Top of Mind Status, and your audience with targeted, fresh information. A Facebook or Twitter widget can bring your audience in direct contact with ongoing conversations about the topics that are important to them and you'll have a chance to interact with them directly. A forum or discussion group can be turned into a community space where your business sits in the center of the communications web.

3) Skill - Perhaps your store has state-of-the-art equipment to image feet and provide suggestions for the best possible shoes or orthotics. Or maybe you repair or enhance shoes. Every extra skill you have to share becomes a niche that sets your business apart from your competition. There may be three stores that sell shoes, but only *yours* can provide shoes for feet with issues.

Your Social Media: There are many specialty forums and groups on the Internet where people discuss their needs, whatever they are. A few minutes on a search engine using the special skills you possess as keywords can turn up spaces where people are looking for that very thing. Tell the people in those spaces how you can help them and you'll find that you'll make a splash in your niche. Then it's just up to you to carry it through with your skills!

4) Uniqueness - Special offers are not all that unique. Comfy fitting chairs, or a coffee bar might be a one-time draw for a person, but what make your business truly unique is...you. Your experience, your knowledge, your personality. These are things that cannot be faked, replicated or standardized. If your staff is incredibly well-suited to handle problem feet, or your staff contains a marathoner, a hiker and an Iron Man competitor, this kind of unique understanding and ability is the best and most authentic promotion money can buy.

Your Social Media: An Ask the Expert feature on your web site can show off your and your staff's unique perspective in a way that no advertising can ever do. Use Twitter or any other Social Network to discuss experiences, adventures and expertise with other people and with your potential audience. Use each network's search feature to find relevant conversations and encourage your staff - and yourself - to be part of them.

Once you've found your niche, inhabit it as largely as you can. Become the nexus for specialist information and skills and people will look for you, as a major player in that niche.

Project Wonderful

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