How Your Company’s Presence on the Social Web is Like a Lululemon Bag

Have you ever seen someone – a woman, most likely – toting around a lululemon bag?  Lululemon, if you’re not familiar with it, is a high-end seller of Yoga and fitness apparel.  Instead of receiving paper or plastic bags destined for the landfill, a person who buys something at lululemon receives a reusable bag emblazoned with the lululemon manifesto.

Lululemon bags signify several things -that its owner is a yoga buff, environmentally conscious, and probably fairly affluent.  But what else does that bag say? It also says that its owner is a fan of the company (lululemon) that provided them with that bag.

Seeing a couple lululemon bags in downtown Washington, DC one afternoon it dawned on me that this sort of viral, people-powered marketing is a good analogy for the power of the social web.  Twitter, Facebook, social bookmarking sites like Digg and Delicious, personal blogs — all of these things make up what I refer to as the social web.

It is on the social web where brands and companies can go to find out what their most passionate supporters and detractors are saying about them.  And why would you want to know what those folks are saying? Because your best customers are capable of turning others into new customers.

Of course, customers will not evangelize for just any product or brand — your product or brand needs to be superior in order to attain that special designation.  But what if your product or brand is not the “best?”  (No one likes to think that their product or service isn’t the “best,” but this is a matter of consumer perception). Rest assured there are other ways to reach out to evangelists.  For instance, you can use social media to provide excellent customer service to a disgruntled customer.  For a happy customer you can provide freebies or discounts as a thank you.  The possibilities are, happily, endless.

The Importance of Influencing the Influencers

I came across two great pieces recently that illustrate the importance of influencing the most influential social media participants.

First, Sarah Perez, writing about research by Carnegie Mellon professor Vassilis Kostakos, reveals the “dirty little secret” about the “wisdom of crowds” — that is, on the social web, crowds are not nearly as important as some  might think.  Rather, it is the most active, most ardent participants in participatory media that really make the big impact:

For example, on Amazon, only 5% of active Amazon users ever cast votes on more than 10 products but a small handful of users voted on hundreds of items.

Wikipedia and Digg are also cited as examples where a powerful few are actually the driving force.

A second rather interesting piece is from Johnathan Fields.  In his excellent “Tribal Author” special report, he takes a look at the techniques and costs associated with traditional book marketing.  He contrasts traditional book marketing with case studies of several authors, including Timothy Ferriss, Darren Rowse, and Leo Babuta, that successfully leveraged the social web to drive book sales.

Fields’ key insight:

…a growing element of your power as an author lies in your ability to cultivate an inner tribe of deep fans and evangelists and an outer tribe of acquaintances, friends and influencers online.

Great food for thought.

Book Review: Never Eat Alone

Dale Carnegie’s How to Win Friends and Influence People is the classic business book which taught millions that people skills can be acquired and developed by virtually anyone.  Keith Ferrazzi’s Never Eat Alone takes the lessons learned from How to Win Friends and applies them.  Ferrazzi shows us how to build and maintain a lifelong network of friends and business associates.

Like Dale Carnegie before him, Keith Ferrazzi believes that meaningful relationships are built on a foundation of sincerity and mutual benefit.  The key idea in Never Eat Alone is that no man is an island; we become who we are in large part because of the many influences in our life – our family, friends, colleagues, church, coaches, and mentors all play a huge part in shaping who we are. While rugged individualism was once the perceived path to success, that is no longer the case.  We live in an increasingly interdependent, globalized world.  Today, Ferrazzi offers, our power is not only what we know but who we know too.  Ferrazzi argues that by surrounding ourselves with carefully selected relationships we can further our professional and personal lives.

In one of the many memorable anecdotes in the book, Ferrazzi cites the example of a contact who refused to offer Ferrazzi an introduction to an important player in the Hollywood movie industry.  Ferrazzi reveals how this contact eventually met with failure in his professional life, largely due to his inability to play nice with others.  By lending help to those in his network with no expectation of anything in return (it’s not about “keeping score”) Ferrazzi builds a strong case that he can advance his own interests at the same time.  You reap what you sow, indeed.

Ferrazzi shares many advanced tactics for making the most of orthodox opportunities, such as conferences, cold-calls, or public relations.  Many of these tactics involve doing plenty of homework, such as learning the biographies and backgrounds of people who you are looking to meet.  A particularly helpful piece of advice that Ferrazzi offers is to be bold, since oftentimes we miss out on opportunities simply for lack of trying.

In addition to more conventional networking opportunities, Ferrazzi offers up plenty of advice on how to make your own networking opportunities — in particular, he is a big fan of having dinner parties attended by a diverse range of interesting people.  Additional do it yourself opportunities include other activities that one is passionate about, such as working out or playing golf.

While Ferrazzi offers up plenty of great networking tips and tactics, I especially enjoyed the chapters of the book that had to do with personal branding.  In his “Be Interesting” chapter, Ferrazzi talks about the importance of having “content,” defined as having expertise in a certain area.  Having great content can open up opportunities and create niches for a professional either within their company or industry.  In his “Build Your Brand” chapter, Ferrazzi discusses how to go about making an impression on the world.  How can you do this? By shaking things up.  By finding your value.  And by turning everything into an opportunity to promote your brand.

Never Eat Alone is a treasure trove of career and personal development tips.  It belongs on the bookshelf of all professionals looking to learn how to become powerful networkers or for those in search of practical advice on effective personal branding.

The Continuing Education of an Online Marketer

Like many people working in the online marketing field, I wasn’t formally trained to be an online marketer.  Instead, an opportunity was presented to me that fit my interests and aptitude and I’ve been learning on the job ever since.

It’s been a fun journey.  But as in any other field, it takes constant development, education, and reeducation to succeed.  I can attest to the fact that online marketing in particular moves especially fast.

Fortunately there are several great, free resources out there for online marketers.

Blogs

Among the best places to gain new insights into marketing is via blogs.  Some of the blogs I read and enjoy include:

Online Courses

Here are some valuable programs I’ve discovered:

  • Open Source Courseware Consortium - free Graduate and Post-Graduate courses through participating universities, including MIT and UC Berkeley.  This amazing resource includes syllabi, lecture notes, and podcasts of lectures.
  • MarketingProfs - free online seminars and conferences featuring thoughts and tips from some of the most notable people in the field.

10 Things I’ve Learned About Twitter

I was highly skeptical at first, but now that I understand its true potential I’ve come to embrace Twitter — @vbalkissoon is here to stay. Twitter is a powerful tool that has both personal and professional utility. Here are ten things I’ve learned after just over a month on Twitter:

  1. You won’t know what to tweet about at first. And that’s ok. You don’t even have to Tweet anything. You can just use your account as a listening post. It takes a little while to feel comfortable with the platform and to find your Twitter voice. Once you get going, you’ll learn that it’s quite a different place than email, blogs, or Facebook. It doesn’t help that Twitter isn’t always explained very well.
  2. “Microblogging” is a poor description of what Twitter actually is. Twitter is a form of communication that is somewhere between email and instant message. While some people use it as a sort of a mini-diary, it can function far more powerfully as a forum, broadcast communication, or direct person-to-person communication. Perhaps the best way to think of it is as a cocktail party. You can overhear snippets of conversation and can participate whenever it strikes your fancy.
  3. Your experience is only as good as the people you follow. If you follow people who tweet about bodily functions and the minutiae of their lives you’re following the wrong people. Find out if your favorite bloggers, columnists, or authors are on twitter. Start out by following them. And don’t be discouraged if they don’t follow you back.
  4. Twitter is a great place to follow thought leaders. Twitter is the place to find out what the leading lights are thinking and reading about. When you follow thought leaders you will encounter a great deal of valuable information and feel ahead of the curve — that’s because you are.
  5. Twitter can break stories and turn stories viral faster than anything else. I started off on Twitter just before Michael Jackson passed away. While I didn’t learn about his passing on Twitter, I hear that a lot of people did. That’s just one obvious example. If you’re a newshound or like to be in the know, Twitter is for you.
  6. On Twitter it’s possible to easily follow dozens and dozens of conversations at once. Twitter’s 140 character limit makes it a breeze to skim through the latest from everyone you follow. It sounds overwhelming at first, but it’s actually quite easy.
  7. There’s some jargon to learn but it’s not difficult to pick up. When you’d like to discuss something topical you put a “#” sign (also known as a “hash tag”) in front of it. For instance, if I tweet about the Redskins, I would say #Redskins. When you want to mention or direct something at someone you use an “@” in front of their Twitter name. If you like what someone else says and want to mention it to your followers you do a “retweet” by copying their Tweet and placing an “RT” in front of it.
  8. Twitter is an excellent networking platform. Twitter can be used to follow thought leaders and colleagues in your particular industry. An example of how you can connect with people in your industry: many webinars use Twitter to take questions from their audience; when a webinar is being conducted and a hash tag is in use you can find many people to follow that are working in your industry.
  9. Twitter is where the personal and professional intersect. You have a work email address, you have a personal email address, and you typically compartmentalize the two. With Twitter you’ll find personal and professional interests colliding constantly. You will see a side of friends, colleagues, thought leaders, and people in your industry that you likely would not see otherwise. Furthermore, and perhaps more importantly, Twitter is yet another opportunity to manage and grow your personal brand.
  10. The best Twitterers tend to have a narrow focus. Just as in blogs, the best, most widely followed non-celebrity Twitterers are zeroed in on specific topics. Of course even the best go off course a bit. But a narrow focus is how you build and retain a captive audience.

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