Archive for the ‘Branding’ Category

By Invitation Only: Letting Your Customers in Behind the Velvet Rope

By Tom Quinn, Chief Revenue Officer at Passenger

“Invitation only.” “Private.” “Exclusive.” “VIP.” These words hold significant power in the marketing world. Nightclubs make their living off this allure; the retail world has been revolutionized by the success of invitation-only sites like Gilt Groupe and vente-privee.com. Although often a mirage (an invitation to a private sale club is often as simple as entering your e-mail), the allure of exclusivity has a profound effect on consumer behavior. Mainstream brands have taken notice and are incorporating this into their marketing strategies.

The Web offers exponential consumer touchpoints, making it easier to regularly engage with customers. The common online marketing approach has been bigger is better—many use public social networks or develop branded public communities in hopes of acquiring new fans. You can reach a large audience, and the interaction is completely open, making it easy to see how consumers are reacting to your brand/product/service.

From a loyalty and advocacy perspective, however, public initiatives can feel less personal and participants less “special,” as everyone can see what you are offering or asking. Competitors could be monitoring your community, so you have to watch what you reveal. Attempts at a personal brand connection through public social networks can also go horribly wrong: consumers can instantly amplify positive and negative experiences. Many brands struggle to create authentic intimacy without losing the scale and reach necessary to compete in the mass market.

A different approach is to focus in on your most loyal and vocal customers by establishing genuine dialogue in a private setting. Ask consumers to participate in an invitation-only online community to help shape the brand, services, and products they care about. This personal invitation gets them in the door; you can then foster the “velvet rope” feeling by sharing exclusive content and involving them in the creation process.

There is no better tool for creating intimacy than demonstrating that you are listening. Bring them into the product development process, solicit input on a new ad campaign, or ask what types of perks they might like as part of a rewards program. Then show them how their input is being incorporated. Reward their loyalty and enthusiasm with access to insider information, special brand experiences, or online “credit.”

Most companies find that a majority of their business often comes from a disproportionately small percentage of loyal customers. With this in mind, it makes perfect sense to start small and build real, tangible relationships with your inner circle of fans. In addition to fostering loyalty, this inspires those behind the velvet rope to broadcast your messages publicly.

A well-run community takes engaged members and turns them into ambassadors—driving interest around offline events and building buzz around the community and brand. This is something a Facebook and Twitter presence can rarely accomplish because the level of engagement is not as high. Treating your customers as VIPs and giving them exclusive access to your brand and the decision makers that shape it can drive unprecedented levels of brand loyalty and advocacy.

Size Matters: How a Large Online Network Can Transform You, Your Marketing, and Your Business

By Ken Herron, Chief Marketing Officer at SocialGrow

Investment portfolios, airline seats, and chocolate fudge cakes. What do these three things have in common with the size of your online network? Big is good, bigger is better, and biggest is where you want to be.

As marketers, we have stuff to do, and failing to reach our objectives is not an option. Our brands and businesses require us to make things happen. Customers, sales, revenues… it’s up to us. Having large online social networks gives us the juice we need to make things happen.

Over the past few months, I have seen a surprising number of articles attempting to convince me that whether I’m a B2B or a B2C marketer, the focus for my portfolio of friend, follower, and connection-based online networks should be “engagement.” Hogwash.

Size matters. Size gives you power. Size gives you control. Size gives you leverage.

Everyone is an expert in something, but no one is an expert in everything. One of the reasons to be active on social media is to learn how to use cutting-edge and proven marketing strategies and tactics. If you follow one marketing professor on Twitter, you learn his/her approaches. How much better if you follow all of the top marketing professors on Twitter in the areas of B2B marketing, B2C marketing, public relations, corporate branding, and marketing research? The larger your network, the smarter you can be.

In the concept of six degrees of separation, all of us are, at most, six steps away from any other person. This is the heart of LinkedIn’s business model. If I have one connection on LinkedIn, I’m two degrees away from everyone my connection knows. Whether I need to buy or sell, I have a personal introduction to everyone in my connection’s network. As a marketer whose livelihood depends on your ability to get things done, would you rather have one connection on LinkedIn or 1,000?

What if you had a large mailing list of people who want to receive your communications because they’re interested in what you have to say? Each of your messages can reach more target customers. The larger your online network, the more people you can sell, real-time, 24x7x365.

As marketers, part of our value is to persuade our target audience to take action. If you’re Ashton Kutcher and develop the largest online network, you’re not just in the media, you are the media. You can directly broadcast to your five million-plus member audience anytime. That’s marketing. You want each and every one of your communications to command a level of credibility so high that other media outlets are forced to report on them.

As my boss likes to say, “Your message can only go as far as the size of your network.” Besides, as any five year old will loudly and unashamedly tell you when you’re standing in line with him at the bakery, “Who wouldn’t want the biggest chocolate fudge cake?”