Wednesday, June 8, 2011

On SOCIAL MEDIA


NEW YORK — Forget those who “like” you. Go after the ones who don’t.

That’s the new strategy emerging in the ever-evolving world of social media. As fashion firms scramble to add even more content to their Web sites, they’re battling a shifting tide. Now the future of digital marketing isn’t about bulking up a firm’s own branded dot.com to inform followers of the company – it’s about getting their content onto someone else’s to reach more consumers.

The advent of social media and Web 1.0 allowed brands and retailers to build robust and loyal followings, but it’s converting new fans that will be paramount going forward. The single most important thing fashion companies can do in the digital space is seek alternative, off-site ways to spread their message to attract new visitors to their own sites, said Quynh Mai, founder and chief executive officer of Moving Image & Content, a digital agency focused on content and marketing.

Mai urges companies to shift their digital marketing approach away from branded Web portals to outside, third-party sites — although she maintains that editorial content is still a vital part of a brand’s social media persona. A Web site can house a brand’s messaging, Mai said, but the place to put it is on blogs, online publications, Facebook and aggressively encouraging fans and advocates to post and share on those outlets rather than simply on a company’s own site.

“I believe editorial content is necessary — it’s the crux of your company — but in 2.0, that content best lives off-site, outside of a brand’s site and drawing the consumer back to your digital flagship store. The whole purpose of branded content is to engage the consumer where they live, which is on Facebook, blogs and more, and to put that content primarily on the branded Web site is speaking to the already converted,” said Mai, who counts Yves Saint Laurent, Mugler, BeachMint, Shiseido, Natori, Acne, The Row and Olsenboye — Mary-Kate and Ashley Olsen’s junior line for J.C. Penney — as clients.

Users visiting branded sites already are engaged fans — and while company-produced editorial content is paramount in maintaining a faithful customer that keeps returning, brands also need to concentrate on attracting those who are not yet part of their loyal audience.

Fashion brands continue to navigate the digital waters, taking what they’ve learned from the first social media wave and using it to secure a firmer hold on the medium going forward. A digital boom gave way to an influx of editorial content, blogs, livestreams and more — and designers and brands leading the industry digitally, such as Coach, Kate Spade, Tory Burch, H&M, DKNY, Juicy Couture, Ralph Lauren and Diane von Furstenberg, are now strategizing their next moves accordingly. The same goes for more recent adopters of social-based platforms — including Oscar de la Renta, Rebecca Minkoff and Alice + Olivia — who have all been aggressive over the past year about ramping up their digital outreach.

Brands that want to remain on the digital forefront must fine-tune existing strategies — whether this is cultivating a voice or establishing if the manner in which they engage is through broadcasting messaging or a two-way conversation (both equally effective, yet entirely different approaches). By carefully studying strategies past and present, companies can alter, update or get rid of initiatives altogether that failed to garner consumer response or drive traffic and sales.

Karen Robinovitz, co-founder and chief creative officer of Digital Brand Architects — a digital agency that works with Juicy Couture, Olsenboye, B Brian Atwood and Nine West — agrees with Mai that brands need to reallocate their energies online and put their focus off-site.

“I think that you have to be where your consumers are —which is everywhere — and you need to have meaningful and authentic dialogue on those channels,” Rabinovitz said. She believes that brands need to organize around people, and people live in such a distributed manner online that in order to connect with users, brands must operate in a similar fashion.

“You have to start communicating with the consumers who have a propensity to shop your brand, versus doing your marketing on your site, which speaks to the already converted. I’m seeing this as a major shift,” said Mai. “When you look at brands’ unique monthly visitors, they are actually very low, so as brands are robustly building this content, the best thing to do is use their marketing prowess to find multiple and diverse distribution points for that content to draw the consumer back to their digital flagship.”

Diverse distribution points: Check. Elaborate editorial content both on- and off-site: Check. Satiating current consumers while continuing to raise brand awareness: Check.

In addition to its content on the recently revamped toryburch.com, Tory Burch maintains active Twitter and Facebook accounts, as well as a Tumblr page and a recent blogger collaboration with The Man Repeller — whose founder Leandra Medine cross-promoted a Mother’s Day post on her  own site at manrepeller.com that also appeared on Burch’s site.

But the brand is now going beyond that. It recently tapped Demandware for its new e-commerce and mobile commerce sites built upon the Demandware Commerce platform — the fastest-growing channel of revenue for the company, according to Miki Berardelli, Tory Burch’s chief marketing officer. Berardelli told WWD that while e-commerce transactions that occur through mobile commerce may not be the largest channel of revenue for the company, she believes m-commerce will soon become the most important, usurping desktop and laptop access.

The brand also unveiled “Torypedia,” its Tumblr blog, following a total Web site redesign in January, completed by Wednesday London, a digital creative agency based in London that specializes in the fashion and luxury category.

“Our viewpoint is from that of brand and content creation and brands becoming content owners so they could have that dialogue with consumers one-on-one,” said Oliver Walsh, founder and managing director of Wednesday London, whose clients also include J. Crew, Net-a-Porter, Mr Porter, Alexander McQueen, Balenciaga and Bobbi Brown.

Walsh contends that consumers get the best engagement when there’s a tailored strategy, which takes into consideration not only the specific nature of the platform, but how users interact with that platform and the mind-set that they’re in when interacting. He advises clients to ask themselves if they are engaging with a consumer in a way that resonates, which has to take platform specifics into consideration, whether it’s Facebook, Twitter, Tumblr, Polyvore or Lookbook.

“Content comes in many guises, and obviously if a consumer is in a frame of mind where they want to be engaging with a brand such as Tory Burch or Mr Porter — they are visiting the site cognizant that any information is coming from the brand, and of course has a motive,” said Walsh.

He stressed that in addition to authentic, relevant content, the main issue moving forward is that brands are now media owners and generators — and they need to live by the same rules as other media content creators in order to maximize investment. This means that fashion brands must have criteria in place about the nature of the information they cover and don’t cover, set guidelines as to how they interact with users on the various platforms and very clear messaging, which includes what the message is about and how they respond to questions.

“The market has changed a great deal over the past few years, and at first, brands were just diving head first into what they saw as a new phenomenon,” Walsh said.

Some of them learned the hard way, he added. “Many brands weren’t getting the traction they anticipated, or even worse, some started commenting on how inadequate their approach was. That’s when brands also started to realize the power of this platform and investing in the strategy and resources and infrastructure required.”

Those with a firm grasp on the medium know that figuring out their brand’s voice online should be a priority. According to Kate Spade’s senior vice president of global brand marketing Kyle Andrew, social media 2.0 is less about particular functions and more about the tone.

“The tone we are learning has to be much more human. It’s about creating a relationship and giving value to them [the consumer] rather than just trying to push out promotions and what we think we want them to hear. It’s about a conversation,” Andrew said. “When we first started it was very one-sided, and it was us telling them what we wanted them to know, such as the latest bag or promotion. And we realized that we just can’t do that. You have to treat them more like a group of friends, just like you would update your Facebook page with what you’re doing with  friends.”

Andrew said that it’s the more mundane posts that get the most reactions, such as images of root beer floats and cupcakes from an office party that were uploaded to the brand’s Facebook page, which differs from what the brand initially used the platform for. Content has to be adjusted per channel, and Kate Spade learned that Facebook is turning into a place where consumers can voice their dislikes, concerns and questions about the brand and product. Twitter, on the other hand, is fun, inspirational, quicker and very much in the moment, while Tumblr is the most visual of the mediums.

She cites a limited edition tote bag the brand designed to help with relief efforts in Japan — and how posting a preview about the new product on Facebook unleashed a strong response and ignited a conversation among fans without the brand even interjecting. While the bag sold out within 20 minutes on Kate Spade’s Web site, Andrew learned from the reactions that consumers who love the brand want product right away and don’t want to be teased about it.

“It’s more about constantly refining and loosening up about how we handle the whole thing and not being so uptight about it. It’s about experimenting and trying different things and realizing that this world changes so quickly,” Andrew said. “You can’t wait to see what everyone else is doing because it moves too fast. You have to have confidence to try things and pull out if it’s not working.”

Next up for Kate Spade: figuring out how to monetize the Facebook experience, currently approaching 272,500 fans, and taking mobile commerce to the next level.

David Duplantis, Coach’s senior vice president of global Web and digital media, agrees with Andrew when it comes to starting and maintaining a dialogue with fans. Although he said he firmly believes in engaging with consumers, he also learned that brands — as much as they originally wanted to speak at people and be the originator of the conversation — need to sit back and let the fans spark their own dialogue.

He cites blogs as being especially instrumental in this — and boasts strong relationships in the blogosphere as the reason why last year’s design collaboration with personal style bloggers was so successful. The founders of Cupcakes and Cashmere, The Glamourai, Karla’s Closet and What is Reality Anyway? worked with the brand on the design of their ideal handbag, which was sold online and at several flagship locations — and all four styles sold out.

But in terms of the most growth within a specific social medium, Duplantis is quick to point to Facebook, where the brand just surpassed 2 million “likes.” He said it’s the “rich visual and interactive environment” the platform provides that allows such a positive consumer response and engaged fan base.

“Social media 1.0 was the Wild West, but no one wants 2.0 to turn into boring tract housing. The brands that embrace authenticity, innovation and strategy over safety and sameness will succeed during the next wave,” Duplantis said.

As they enter Web 2.0, Kate Spade and Coach had to overcome a learning curve with respect to the dissemination of content and information. The two brands found that what worked best for them was taking a step back and learning to converse with fans, rather than just dictating the  dialogue — or what Mai refers to as becoming an “engagement brand.”

She divides the fashion industry’s digital initiatives into two categories: broadcast brands — where the communication message is based on broadcast, and companies produce the content they’re broadcasting through various channels — and engagement brands, where consumers are truly engaged in a two-way dialogue with the brand.

“Not all brands want that two-way dialogue, especially those that are higher end and more luxury. It’s not within their DNA and social structure,” said Mai, citing JewelMint as an engagement brand and Yves Saint Laurent as a broadcast brand. JewelMint is a social shopping e-commerce platform founded by MySpace founder Josh Berman, and it allows consumers to participate in the business. Users are encouraged to get involved in the creative process and vote on content, and the site also uses crowdsourcing to choose and name product.

Oscar de la Renta is another brand whose social media personality has had a strong year, even though it did not dive in as early as some other designers. Vice president of global communications Erika Bearman actively started tweeting under the handle @OscarPRGirl in 2010 (even though the brand launched the Twitter page in June 2009), and followers on the medium have grown by 133 percent since February 2011 to over 70,000 and almost 450 percent since September 2010, when the brand had just 12,800 followers.

Bearman cites a recent Facebook initiative that celebrated the launch of the fashion house’s new fragrance Esprit d’Oscar as being effective in attracting fans on the platform. The brand’s “likes” grew by 40 percent in a one-week period, and 5,000 users participated in a feedback survey on the scent, post-sampling (25,000 fans “liked” de la Renta’s Facebook page in order to receive a sample of the fragrance).

Bearman added, “Every day we look more like a publisher — creating stories for our fans, and tailoring them in a unique way for our different social platforms. This is social media 2.0, and brands are not just creators, but distributors of content. As the landscape quickly changes, we feel it is important to be somewhat fluid. We are constantly evolving the way that we communicate.”

With hardly any social media outreach in place just over a year ago — Alice + Olivia had just a few hundred Facebook “likes” in early 2010 and now boasts over 7,000, as well as 20,000 followers on Twitter — the brand plans to aggressively forge ahead in terms of engaging with its fan base.

“It took me so long to find someone that I thought could create a site and understand my aesthetic. I really refrained from all Internet until I felt I found someone that could bring to life what I wanted,” said Alice + Olivia founder Stacey Bendet, who announced a relaunch of the company’s blog today.

She is quick to acknowledge that she sees more of a response from fans when she personally tweets from the brand’s Twitter handle herself — versus another member of her team — and certain things, such as sending e-mail blasts twice a week, aren’t as effective as sending one a week. The same goes for Bendet’s “4AM Finds” column (where she highlights what she’s inspired by at the moment): She found that when she produced two a week it was “getting diluted.” When she tried penning one post per week, people were opening and viewing the link in much higher numbers. She adds that the new blog will be produced by herself, an in-house stylist and plenty of contributions from Bendet’s famous friends — including Gwyneth Paltrow, who edited this week’s edition of “4AM Finds.”

“The content is changing. It’ s becoming this sort of Alice + Olivia world magazine, a combination of my voice and all the images, ideas, people and places that inspire us here,” said Bendet. “I think it’s a true look inside our world. It’s like written reality TV and a glimpse inside what happens here in a very organic, everyday way.”

Rebecca Minkoff, one of the more active in fashion’s digital sphere, was another to join the party a little later than some of its contemporary counterparts (the brand currently has over 35,000 fans on Twitter and almost 26,500 “likes” on Facebook). But this has only affected the company positively, and according to ceo Uri Minkoff, in addition to learning the value and power of directly connecting with the consumer, the brand has only grown through this direct involvement, coordination and inter action.

But he admits he might have taken it a bit too far when colleagues tried to answer and please “everyone.”

“This can be tough when the numbers get overwhelming, so we created a better system,” Minkoff added. “It was a better business intelligence system to filter data and get weighted opinions. There is the sorting of key data from taste makers, bloggers and press, as well as general consumers, and how to best process this data for consumption internally to key resources who need to know, and then how best to go out to each segment with replies and responses.”

Via

Monday, October 4, 2010

3 Key Traits Of Top Performing Sales Professionals

... An insightful Summary to archive:

Beginning in 1997 and continuing through today, the Gearner Research Group has conducted interviews with over 85,000 sales professionals in one of the largest ongoing research projects in the field of sales. The goal of the study has been and continues to be, to ascertain the traits and characteristics of the most accomplished sales representatives when compared against those deemed less successful.

The overarching question we set out to answer was, "Are the most successful sales professionals doing something fundamentally different than those who are less successful?" Not surprisingly, there are considerable implications of this study on selection and development of sales professionals.

Background: We initially developed a list of 38 traits we felt that were important for success in sales. Our goal with the study was to not only determine the traits of top performing sales professionals but also to identify the behaviors or traits that were missing from those less successful.

Participants in our study were nominated by their sales leadership. Our observed interview population consists of 65% sales professionals deemed by their organizations and by quantitative sales results, as being in the top 8-10% in their company or industry. The remaining group (35%) were specifically interviewed and observed as a comparison group. Subjects in this second group were ranked in the lower 20% of their sales organization on their quantitatively measured sales success over multiple years in selling.

• Financial services • Technology (software)
• Real estate • Educational services
• Manufacturing • Pharmaceuticals
• Retail • Consulting
• Insurance • Marketing & Advertising
• Wholesale goods • Automotive
• Technology (hardware)

While there are a number of traits and characteristics that are common to most sales professionals three key traits were found to be high predictors of success. Our findings are as follows:
Three Key Traits For Success In Sales Professionals
Trait #1: Emotional Intelligence. (A 73% correlation with sales success.)

Emotional intelligence (EI) describes the ability capacity, skill to identify, assess, manage and control the emotions of one's self of others, and of groups. Different models have been proposed for the definition of EI and disagreement exists as to how the term should be used. Despite these disagreements, which are often highly technical, EI has successful applications in the sales domain.

In the 1900s, even though traditional definitions of intelligence emphasized cognitive aspects such as problem solving, several influential researchers in the intelligence field of study had begun to recognize the importance of the non-cognitive aspects. For instance, as early as 1920s E.L. Thorndike used the term social intelligence to describe the skill of understanding and managing other people.

In 1940 David Weschler described the influence of non-intellective factors on intelligent behavior. In 1983 Howard Gardner's Frames of Mind: The Theory of Multiple Intelligences introduced the idea of multiple intelligences which included Interpersonal intelligence (the capacity to understand the intentions, motivations and desires of other people).

The first use of the term "emotional intelligence" is usually attributed to Wayne Payne's doctoral thesis, A Study of Emotion: Developing Emotional Intelligence from 1985. We observed that traditional types of intelligence, such as IQ fail to fully explain sales success while subjects testing high on EI consistently fell into the ranks of superior performance.

As a result of the growing acknowledgement by professionals of the importance and relevance of emotions to work outcomes, the research on the topic continued to gain momentum, but it wasn't until research by Geartner that the link has been fully established between EI and sales success.

Trait #2: Active Listening: (An 88% correlation with sales success)

Active listening requires the listener to understand, interpret, and evaluate what they hear. The ability to listen actively can improve personal relationships through reducing conflicts, strengthening cooperation, and fostering understanding. This traits was observed in 93% of those in the top group of sales performers yet only observed in 8% of those in the lowest percentiles.

We observe that when in a sales situation the less effective sales representatives are often are not listening attentively. They may be distracted, thinking about other things, or thinking about what they are going to say next. Active listening is a structured way of listening and responding to others, focusing attention on the speaker.

It is important for a listener to observe the prospective clients demeanor and body language. Having the ability to interpret a person's body language lets the listener develop a more accurate understanding of the speaker's message.In sales call we found the most effective sales professionals actively listenedfor feeling and emotionally charged words. Rather than merely repeating what the speaker has said, the active listener used these clues to address concerns and reduce fears through the use of stories (see trait #3).

Author Thomas Gordon who coined the term "active listening", states "Active listening is certainly not complex. Still, learning to do Active Listening well is a rather difficult task." The relationship between active listening and sales success is clearly apparent which leads us to conclude that this is a trait sales leaders should use as a part of their sales selection criteria and reinforce through training and coaching.

Trait #3: Use of Anecdotes & Stories.(A 92% correlation with sales success)

Sales is largely about communicating a desire state. One in which the prospective client is no longer shackled by the limitations or restrictions of the particular problem they face. As such, the most effective sales professionals are highly gifted communicators of sales stories. However, it is interesting to note that the use of sales stories by the top 10% of sale professionals was a strategic rather than purely tactical tool. By this we mean that stories were developed and told that addressed a wide variety of issues. Our field interviewsshowed that on average the top performing sales professionals used 4.5 stories on a single sales call while those sales representatives in the lower 20% failed to use a single story on their typical sales call.

It is also interesting to observe that those in the lower 20% thought they used sales stories far more frequently than they did. On average individuals in this group claimed they told 5 stories per call when the actualobservable results were less than one.

Our conclusion for this behavioral disconnect between what the top sales professional actually did, and what the lowest performing sales representativethought they did, yielded someobservations and conclusions.

It is interesting to note that the top sales professionals did not attempt to make up stories as they were engaged in the sales call. Rather they had a total of 15-25 sales anecdotes and stories fully prepared and developed. These were described by multiple sales professionals as the "arrows in the quiver" that were then drawn out and used in response to verbal clues (see active listening). Again by contrast, the lower performing sales representatives had virtually no stories prepared except for an occasional "success story" that was developed by less than 5% of these lower performing group.

Conclusion: Although research is ongoing, it is clear that these three traits and characteristics have emerged as the top predictors of sales success across industries. Not surprisingly, only some of these traits may be considered developmental and will respond better to traditional training and coaching. Regardless, all three of these should be discussed among sales leadership from both a selection and development perspectives.

Via

Wednesday, August 4, 2010

Branding Luxury

"Affordable luxury as a category is maturing," said Guy Salter, deputy chairman of Walpole, the association that represents British luxury goods firms. Since our recent economic downturn, consumers have redefined luxury. More than ever, masstige is the new mass. What was mass now now perceived as cheap and untouchable to savvy and discerning consumers. In this organic adjustment, luxury has lower its bar to affortable luxury. I am delighted to say, with strategic adjustments, most luxury brands are now [still] doing quite well.

Miles Socha's recent article in the WWD, DEFINING THE NEW LUXURY, is an interesting exploration of this evolution. More than ever, smart, consistent 360ยบ branding is critical to success:

Lucian James, founder of strategic consultancy Agenda Inc., based in New York and Paris, said luxury was not only impacted by the economic crisis, but a “crisis of meaning” as well.

“Consumers spent some time away from luxury products, and the spell was — to some extent — broken,” he explained. “The recession was a time when consumers really connected to discount and fast-fashion brands and found them surprisingly good.”

To win shoppers back in the postcrisis period, luxury brands “need to create more powerful messages, not just evoke aspirational lifestyles and expect consumers to be seduced….They need to explore ways that they can connect the brand to emerging consumer lifestyles and emerging consumer moods,” James said.

"The clientele for luxury today is less tied to income levels than to which brands consumers choose to adorn themselves with, counterfeit or otherwise. “People don’t reach up en masse to luxury brands. They go to the ones that are meaningful for them,” he said.

Thursday, May 27, 2010

MAC & HELLO KITTY

What a fun campaign!
Alice in Wonderland meets The Wizard of Oz meets Hello Kitty:

Tuesday, December 29, 2009

Japanese design principles

The Zen principles of Aesthetics are derived from the Buddhism beliefs of Anicca or Impermanence where “everything, without exception, is constantly in flux, even planets, stars and gods”. Wikipedia

THE PRINCIPLES:

FUKINSEI (imbalanced)
Asymmetry, odd numbers, irregularity, unevenness, imbalance is used as a denial of perfection as perfection and symmetry does not occur in nature.

KANSO (simple)
Elimination of ornate and things of simplicity by nature expresses their truthfulness. Neat, frank and uncomplicated.

KOKOU (austere)
Basic, weathered bare essentials that are aged and unsensuous. Evokes sternness, forbiddance, maturity and weight.

SHIZEN (natural)
Raw, natural and unforced creativity without pretence. True naturalness is to negate the naive and accidental.

YUGEN (subtle profound)
Suggest and not reveal layers of meaning hidden within. Invisible to the casual eye and avoiding the obvious.

DATSUZOKU (unworldly)
Transcendence of conventional and traditional. Free from the bondage of laws and restrictions. True creativity.

SEIJAKU (calm)
Silence and tranquility, blissful solitude. Absence of disturbance and noise from one’s mind, body and surroundings.

Via

Monday, December 7, 2009

Shop in 3D

For the month of December, InStyle has gone 3-D.
Gifting in 3D features the first augmented reality ads offering a click-to-buy experience.  Each brand comes to life on screen through a customized, branded gift box that springs open to reveal a 30-second video, as the screen displays up to 10 items for gift-giving, including special offers and a chance to win a $1000 Shopping Spree in NYC.



The experience can also be shared virally. Expect to find deals, messages, and product suggestions from spectacular brands including: YSL, Neiman Marcus, Chanel, DVF, HP, and more.

Monday, October 5, 2009

The Blogger’s Bill of Rights

1. Anyone has the write to give their opinions about anything, for any reason. [i.e. They have the right to take pictures of their food, the right to be boring, the right to be wrong, and the right to rip their rivals.] They have, in short, a right to exist.

2. No blog or website should be read for one minute longer than it remains useful or entertaining.

3. Blogs should able to freely link to each other and quote to fair use standards, and to use each other’s images when credit and linkage is given.

4. Blogs are not responsible for the general rancor and malevolence of their commenters.

5. Blogs neither have to make money, nor be owned by a legitimate solvent entity, nor hew to any established standards of print journalism. They don’t have to be “interesting.” They don’t have to be “relevant.” They don’t have to appeal to anyone but their makers. And in that lay their special virtue. NO BLOG IS EXTRANEOUS.

Sunday, September 6, 2009

Sunday, August 16, 2009

Hangman Clothing Rack by Surya Graf


New from designer Surya Graf and Snack On, The Hangman Clothing Rack, first inspired by the materials and industrial finish of mass produced wire coat hangers. "Like the coat hanger, Hangman is constructed as one continuous line which bends around itself to create a visually dynamic and practical form."

Wednesday, August 5, 2009

Segmentation: Building Better Interactive Marketing By Reaching More Focused Markets

At the heart of successful marketing is the need to generalize: to make predictable the behaviors of large groups, and to extrapolate predictable trends from the jumbled mass of seemingly random individual actions. You must generalize your intelligence, tackling common sales trends rather than spending all your time chasing a multitude of independent prospect interests.

Your customers, however, do act individually with their own motivations, desires and needs. And when economic conditions get tight, your prospects individualize even further - they focus more on their unique problems and less on wider commercial trends. Their buying behavior segments. Businesses that overly focus on a single generalized market soon discover that financial problems arise fast when their customer base, previously marching in step, all start bolting off in their own directions. That poses a dilemma to many businesses when a recession hits.

No business can profitably afford to uniquely cater to every prospect on an individual basis. So how should you adapt your interactive marketing when their core market base - faced with the practical realities of a tough economy - begins to splinter and fragment?

Successful businesses segment their market. Targeted communications are crafted on a level closer to the lives of their customers. Rather than one big customer base, they segment their market into a group of smaller related customer bases - and in doing so, both serve their customers better and build a reliable redundancy into their sales cycle. As long as the economy remains in a recessionary or recovering position, smart businesses will segment their core markets with marketing strategies designed to appeal to smaller, more predictable prospect groups.

Consider how your core market can be approached as multiple segmented groups, each segment being:

Distinctive. Each targeted segment should be very clearly distinguishable from the others. What makes this group of people absolutely unique? What can you add to your online marketing to better identify with them, to distinguish their needs from other prospects?

Common. Prospects that make up each segment should share clear common qualities. Even in tough times, people never escape generalization altogether. What ties these prospects together? What can you add to your online portal to inspire a sense of community among them?

Responsive. Be brutally honest with yourself: is this group of people truly apt to respond to your marketing right now? Is your offering clearly within their current buying patterns? Don't waste time and money attempting to sell to a segment that clearly won't respond to you.

Reachable. A sharp message, selling a fabulous service to a responsive segment, accomplishes nothing if you can't actually reach those people. Interactive marketing - social networking, website design, email marketing - offers you more opportunities than ever before to reach your prospects. Start taking advantage of the tools available today to get your message out.

It is rarely good business to ever put all your eggs in one basket. But in a recessionary or recovering economy, it is often a guaranteed recipe for failure. If you're finding it harder and harder to boost your sales in this increasingly pragmatic sales landscape, stop: take a closer look at your prospects and consider how a segmentation plan can improve your marketing. You'll likely discover opportunities for success that you never dreamed were there - and the clear strategies you need to leverage them into greater future successes.

Wednesday, July 15, 2009

A Clear Win-Win: Preserve Brand AND Species



From the Lacoste crocodile to Charlie the Tuna, countless brands around the globe use animals and plants to personify and represent them. After years of profiting from those species' images, such companies and organizations can now help preserve and protect them through a new French effort called Save Your Logo.

Nearly one-quarter of the world's mammal species are threatened or extinct, as are roughly one-third of its amphibians and one in seven of its birds, according to the International Union for Nature Conservation (IUCN) Red List of 2008. Launched last fall, the Save Your Logo program lets companies and organizations that use the images of such species donate to the Endowment Fund for Biodiversity to help protect them. Each organization can donate up to EUR 1.5 million over three years to the fund, which is held by the World Bank, according to French press agency AFP; the World Bank will reportedly add up to 33 percent. Also behind the effort are the Global Environmental Facility (GEF) and the IUCN. Companies without plants or animals in their logos can participate as well by supporting 'unclaimed' species, Save Your Logo says. Either way, funds received from the private sector are distributed to organizations that specialize in biodiversity and local conservation projects, with part used to finance the creation of an Emergency Fund for the conservation of lesser-known species on the IUCN Red List. Organizations that participate can enjoy a tax cut of up to 60 percent of their donation, limited to 0.5 percent of turnover, according to the Save Your Logo site.

Tax benefits aside, of course, the effort will not only help endangered plants and animals, but also promises to add that much-sought-after sparkle of genuine corporate generosity to the images of those who participate. Lacoste and French insurer MAAF—which uses a dolphin in its logo—have already jumped on board. Jaguar, Puma, Peugot, Geico, Exxon, Taco Bell and countless others... what about you?

Via

Wednesday, June 3, 2009

Luxury Brands Waking to a New Reality

As the recession keeps depressing, luxury brands are experiencing a wake-up call from this nasty cycle and from chastened luxury buyers.

For the first time, it seems, even brands that have succeeded by pursuing strategies of "great product plus major investments in image advertising" are forced to re-think this approach and many are exploring tactics more like the American packaged goods approach.

"Aspirational" or "symbolic" buyers, with household incomes of $250,000 to $500,000, are gone. And, the definition of luxury is radically changing. True luxury will continue to be distinguished by its inherent value, or by what Stanley Marcus called, "the impact of the hand" (the best the mind of man can imagine and the hand of man create).

Also, more than ever, great experiences will rate high on the value scale: rare experiences, sensually orchestrated, producing memories so precious they are actually luxury products. These include 'time out' vacations, exotic travel, sensual comforts, etc.

Educated consumers will even put a premium on things or experiences that cost little or nothing but provide immense satisfaction: good water, knowing how to tie a bow tie, dry firewood, a hot bath, first press olive oil, fresh caught fish, a smile, beautiful wrapping paper, elegant packaging, staying in shape, afternoon tea, museum visits, time alone or with family and friends. Did I say, time, the ultimate luxury, alongside health.

At no point in 15 years has the "best customer" (3.2 million worth more than $1 million) better mirrored Milton Friedman's view, "Nobody spends somebody else's money as carefully as he spends his own."

Focus on the Best Customer
Every smart luxury brand is obsessed with their best customers and is focusing marketing efforts on "surprising and delighting" them. The 'best customer' spends more, is more loyal, refers more, if asked and rewarded, is willing to partner, wants favored brands to succeed, forgives more readily (if mistakes are corrected), offers stronger word of mouth, is not PRICE but VALUE sensitive, is more economical to keep than to find and becomes more profitable over time.

These best customers are now--they're more curious about the best of the best and want brands to articulate why their products and services are worth the price; while demanding high-touch, sophistication, intimacy and intelligent 'courting.'

More demanding than ever, they view wealth as something to be enjoyed rather than displayed; are highly cynical about advertising and demands a personalized approach; desires connoisseurship' while searching for the unique and memorable, wants to tell the story of a great experience, relies on friends' recommendations, social networks and buzz instead of traditional advertising.

What Smart Luxury Brands Do
Marketing is increasingly seen as the president's job and not just the marketing department's. Luxury marketing, once seen as great product, great location and major investment in advertising, is increasingly following a packaged goods model. Advertising spends are being cut and the investment targeted to niche publications – Departures, Elite Traveler, The Robb Report, Modern Luxury.

Marketing is considered as an investment by the smartest brands. Those that continue to spend enjoy a significant competitive advantage. Luxury Marketing Council research shows that those that do invest are putting their marketing dollars toward: improving customer service, heightening the quality of interaction with best customers, investing in third-party-testimonial generating public relations, engaging people/employees/sales folks "on the line," making direct customer contact as strategic partners, genuinely soliciting their insights from the customer and marketplace and sharing insights with people/employees/sales associates in ways once deemed 'for top management only.'

While challenges remain, the prospect for a bright new world of luxury brand success is peaking through the clouds.

Via

Tuesday, June 2, 2009

Web Trend Map


It has been featured all across the web from Reddit and Digg to TechCrunch, BoingBoing, and Gawker. Now the latest version of Information Architects' popular Web Trend Map is up for grabs.

The Web Trend Map plots the Internet’s leading names and domains onto the Tokyo Metro map. Domains and personalities are carefully selected through dialogue with map enthusiasts, and every domain is evaluated based on traffic, revenue, and character.

IA grouped together closely associated websites, ensuring that every domain is on an appropriate line. As a result, the map produces a web of associations: some provocative, some curious, others ironically accurate.

Download the origional version here.

Wednesday, April 29, 2009

Thursday, March 26, 2009

The Facebook Generation vs. the Fortune 500

I believe that Gary's list of 12 characteristics is absolutely right. It's indeed a new era... If you haven't read this article, you should:

The experience of growing up online will profoundly shape the workplace expectations of “Generation F” – the Facebook Generation. At a minimum, they’ll expect the social environment of work to reflect the social context of the Web, rather than as is currently the case, a mid-20th-century Weberian bureaucracy.

If your company hopes to attract the most creative and energetic members of Gen F, it will need to understand these Internet-derived expectations, and then reinvent its management practices accordingly. Sure, it’s a buyer’s market for talent right now, but that won’t always be the case—and in the future, any company that lacks a vital core of Gen F employees will soon find itself stuck in the mud.

With that in mind, I compiled a list of 12 work-relevant characteristics of online life. These are the post-bureaucratic realities that tomorrow’s employees will use as yardsticks in determining whether your company is “with it” or “past it.” In assembling this short list, I haven’t tried to catalog every salient feature of the Web’s social milieu, only those that are most at odds with the legacy practices found in large companies.

1. All ideas compete on an equal footing.
On the Web, every idea has the chance to gain a following—or not, and no one has the power to kill off a subversive idea or squelch an embarrassing debate. Ideas gain traction based on their perceived merits, rather than on the political power of their sponsors.

2. Contribution counts for more than credentials.
When you post a video to YouTube, no one asks you if you went to film school. When you write a blog, no one cares whether you have a journalism degree. Position, title, and academic degrees—none of the usual status differentiators carry much weight online. On the Web, what counts is not your resume, but what you can contribute.

3. Hierarchies are natural, not prescribed.
In any Web forum there are some individuals who command more respect and attention than others—and have more influence as a consequence. Critically, though, these individuals haven’t been appointed by some superior authority. Instead, their clout reflects the freely given approbation of their peers. On the Web, authority trickles up, not down.

4. Leaders serve rather than preside.
On the Web, every leader is a servant leader; no one has the power to command or sanction. Credible arguments, demonstrated expertise and selfless behavior are the only levers for getting things done through other people. Forget this online, and your followers will soon abandon you.

5. Tasks are chosen, not assigned.
The Web is an opt-in economy. Whether contributing to a blog, working on an open source project, or sharing advice in a forum, people choose to work on the things that interest them. Everyone is an independent contractor, and everyone scratches their own itch.

6. Groups are self-defining and -organizing.
On the Web, you get to choose your compatriots. In any online community, you have the freedom to link up with some individuals and ignore the rest, to share deeply with some folks and not at all with others. Just as no one can assign you a boring task, no can force you to work with dim-witted colleagues.

7. Resources get attracted, not allocated.
In large organizations, resources get allocated top-down, in a politicized, Soviet-style budget wrangle. On the Web, human effort flows towards ideas and projects that are attractive (and fun), and away from those that aren’t. In this sense, the Web is a market economy where millions of individuals get to decide, moment by moment, how to spend the precious currency of their time and attention.

8. Power comes from sharing information, not hoarding it.
The Web is also a gift economy. To gain influence and status, you have to give away your expertise and content. And you must do it quickly; if you don’t, someone else will beat you to the punch—and garner the credit that might have been yours. Online, there are a lot of incentives to share, and few incentives to hoard.

9. Opinions compound and decisions are peer-reviewed.
On the Internet, truly smart ideas rapidly gain a following no matter how disruptive they may be. The Web is a near-perfect medium for aggregating the wisdom of the crowd—whether in formally organized opinion markets or in casual discussion groups. And once aggregated, the voice of the masses can be used as a battering ram to challenge the entrenched interests of institutions in the offline world.

10. Users can veto most policy decisions.
As many Internet moguls have learned to their sorrow, online users are opinionated and vociferous—and will quickly attack any decision or policy change that seems contrary to the community’s interests. The only way to keep users loyal is to give them a substantial say in key decisions. You may have built the community, but the users really own it.

11. Intrinsic rewards matter most.
The web is a testament to the power of intrinsic rewards. Think of all the articles contributed to Wikipedia, all the open source software created, all the advice freely given—add up the hours of volunteer time and it’s obvious that human beings will give generously of themselves when they’re given the chance to contribute to something they actually care about. Money’s great, but so is recognition and the joy of accomplishment.

12. Hackers are heroes.
Large organizations tend to make life uncomfortable for activists and rabble-rousers—however constructive they may be. In contrast, online communities frequently embrace those with strong anti-authoritarian views. On the Web, muckraking malcontents are frequently celebrated as champions of the Internet’s democratic values—particularly if they’ve managed to hack a piece of code that has been interfering with what others regard as their inalienable digital rights.

These features of Web-based life are written into the social DNA of Generation F—and mostly missing from the managerial DNA of the average Fortune 500 company. Yeah, there are a lot of kids looking for jobs right now, but few of them will ever feel at home in cubicleland.
Wall Street Journal: Gary Hamel’s Management 2.0, A look at new ways of managing