Archive for the ‘Strategy’ Category

Breaking Through the Clutter

Bots(robots), affiliate marketing sites, discount sites and link farms are all making the conversation very crowded for brands trying to get their message heard online. All the entities have one purpose and that is to sell product. Some of it is discounted. Some of it isn’t. Some are names of sites you have never heard of, and some are names like Amazon.

Recently, we were asked by a leading brand in the outdoor and ski markets to search for it and see what we find. Well, it wasn’t pretty. Channel Signal search engines, which have blacklisted over 10,000 authors and sites, still came up with a ton of junk surrounding this brand.

Why? Because the company had not delivered good online content and sales pitches (selling primarily discounted product) had taken  over the brand’s identity.

We searched Twitter…could barely find any content about the actual brand.
Blogs…junk everywhere.
YouTube…better content here.
Online traditional media…not much.

To be clear, all of this sales noise is not all bad. A retailer, Amazon, posted 1,900 customer review ratings in the past year on a product produced by the brand with an average rating of 4.8 out of 5 stars.

Now, if you figure 20 percent of the customers who bought from Amazon wrote a review, that means about 10,000 sales in one year. Not bad from the online retailer.

However, the brand is being drowned out by the sales pitches. Can’t really call it noise because it does move product.

What to do?

First a brand must sharpen its identity online. Advertise to your target market about where to go…on Twitter, Facebook, Google+, your blogs, etc. In short, drive consumers to where you want them to go for your content. Then…

Fill these places with good content. Not content that sells stuff, but content that educates consumers. How to layer? Why a hat is important. Goggles and what they can do for you. Breathable socks. And make this information directly applicable to your product lines.

And then, build online relationships with your retailer partners.

1. Support online retailers with content they can push out and reprint on their own sites.

2. Train retailers to understand how to do things like embed a YouTube video, update their blog and utilize basic search engine optimization techniques.

3. License content correctly for reprinting/republishing through retailers with photographers, writers, video producers.

By building a grassroots content strategy through retail partners, brands can deliver better content online, serve their customers and drive sales with key accounts.

So, break out of the noise by building your content and building your partnerships with retailers.

Paul Kirwin

Paul Kirwin, Founder and CEO of Channel Signal

It Is Still Your Gut

 

 

Recently, while talking with executives about social media, I got three different messages from them:

1. I get it and we are building our social media presence. 

2. I don’t get it and until somebody shows me the money, I’m not gonna get it. 

3.  I know that we need to get on top of the social media thing, but I’m not sure if it will do us any good. 

 

Ok. Here is what social media data can do.

1. With the proper analysis, it  provides insight and justification for your major decisions.

2. It gives you the truth. And remember, every post, whether good or bad, has a good deal of truth to it.

And your “truth” and their ”truth” may be completely different. Not the same picture at all.

3. It gives real-time feedback on the performance of your products.

4. It provides trending information, which will be a leading contributor to upcoming sales forecasts.

 

Here are some things that data cannot do:

1. It can not make decisions for you.

2. It should not be  manipulated. If it is, it will be at great risk to your company and your career.

3. It cannot be your friend. When data says the momentum is good, it doesn’t care. When momentum is bad, it doesn’t care.

4. It cannot be ignored. Data is direct from are your customers, your life-blood. Ignore them and you ignore the performance reviews of your products. It is the beginning of the end for your company in the 21st century.

 

I say these things because recently there has been too much emphasis on both the power of social media and the weakness of social media. Both are true.

 

Social Media Reporting becomes a competitive weapon when you:

1. measure correctly

2. analyze

3. deliver the data in a way that senior managers can understand and compare to performance in other sectors of the enterprise.

And when data is delivered this way, it is still your gut, but with more ammunition.

Paul Kirwin

Paul Kirwin, Founder and CEO of Channel Signal