The SQUARED Root

Archive for October, 2008

The Concept of Singularity

Posted by Barry Rumac on October 29th, 2008

One of FG SQUARED’s principles of business is The Concept of Singularity, and if you work with (or near) us and you’ve heard the term, you might wonder what exactly it is, why it’s important, and/or its place inside of a brand image.

 

Since The Concept of Singularity is a branding concept, to divine the meaning of this concept, it helps to begin with “branding.”

 

Branding is a term that is always in the forefront of thinking in many companies, especially among the marketing department, who are the stewards of the corporate brand and responsible for its creation, enhancement and protection.

 

Many definitions of “brand” exist but I prefer to describe “brand” as the sum of all perceptions that stakeholders have about a company and its products or services.

 

The Concept of Singularity, while part of the brand image, differs in one aspect:

 

- Of all the things a company may be known for, The Concept of Singularity is generally the single most important reason for which the customer purchases the product or service.

 

- Furthermore, a well-established Concept of Singularity serves as the best defense a brand has against competitive inroads.

 

 

How does this work?

 

Think for a moment about a recent major purchase you may have made or are considering, and also about what your key criteria was in that purchase decision.

 

To illustrate: If you are considering the purchase of a new car, and if safety is your primary concern, then you most likely have narrowed your list of possibilities to those vehicles that have reinforced that attribute.

 

Volvo is one brand very likely to have come to mind. If you are considering the purchase of a new set of tires for your car, and safety is your primary concern, then you might have put Michelin on your list.

 

Why? Because in recent years both of these brands have successfully stressed safety as a main product attribute. In fact, safety has become for both of these brands their Concept of Singularity.

 

This is not to suggest that this attribute is the sum total of their respective brands, rather that among all of their positive attributes, safety has risen to the top and in fact, formed a competitive barrier to any other brand that wants to claim safety as a reason to buy. Put another way, they own the safety space. This makes it difficult for a competing brand to come in on that platform.

 

So the question now becomes: how does a brand, your brand, develop its own Concept of Singularity?

 

While not difficult, it does require two key ingredients of your marketing: being consistent and being persistent.

 

Be consistent in the relevant platform that you are exposing to your customers, and be persistent in using that platform in one form or another in almost all of your communications internal and external. It is only over time that your brand develops that wonderful attribute that will help drive sales and keep competitors at bay.

 

 

Build your Social Media plan the easy way.

Posted by Dave Evans on October 23rd, 2008

My friend and colleague Andy Sernovitz is sponsoring what looks to be a great social media and marketing seminar featuring some excellent examples of successful social media implementations. Among the topics covered are these essentials:

- Measuring ROI

- Obtaining buy-in from management

- Managing legal and HR issues

 

And that’s just for starters!

 

With brands like Home Depot, Wal-Mart, and UPS there is something here for everyone.

 

Even better, you can save some money: I’ve got a special promo offer for you that helps me promote my new book, “Social Media Marketing: An Hour a Day”. It gets you a deal on the admission and free copy of the book at the same time. Here’s what you do:

 

1) Go to http://www.gaspedal.com/blogwell

2) When you sign up, use the discount code davebookdeal (all one word)

 

That’s it. In the single click of a mouse you’ll save 15% off the seminar fee, get a free copy of my book, and be on your way to developing and implementing a solid social media plan.

 

 

 

 

150 Million Measurable Results of Interactive Marketing and Social Media

Posted by Mike Chapman on October 22nd, 2008

By now you’ve read about, and are maybe wondering, how the Obama campaign managed to raise over $150 million in a single month, shattering all previous single-month fundraising records for a Presidential candidate. Their success is, in large part, due to the effectiveness of their interactive marketing efforts in combination with a very aggressive social media presence.

 

Campaign manager David Plouffe, in an email to supporters, reported the campaign had added 632,000 new donors in September 2008, for a total of 3.1 million contributors to the campaign to date. According to Plouffe, the average donation was $86.

 

Small Donors in Large Numbers

 

By creating a user-friendly experience on their outward facing website, the Obama campaign encouraged its supporters to gather in large numbers online and make small contributions. As an alternative to the traditional large dollar donations, bundled and forwarded, the new model broke all previous records set using web 1.0 style fundraising efforts.

 

It might be tempting to discount the accomplishments of the Obama campaign and give credit to the current political climate instead. That would be a disservice to the interactive marketing success that characterizes what Plouffe and company have built.

 

The real story behind the enormous dollar amounts started long before September and well before Obama was given much of a chance of being competitive. It centers around an attitude of “bottom-up” empowerment of volunteers, combined with open-minded use of new technologies, generally associated with interactive marketing and social media.

 

Start Small and Grow

 

I was first exposed to My.BarackObama.com, or MyBO as it is affectionately referred to among Obama supporters, in late 2007. What I discovered was a highly interactive website that, in many ways, functioned as an online campaign headquarters accessible to anyone interested in participating.

 

When I later talked with top campaign officials Steve Hildebrand, Deputy Campaign Manager and a former colleague of mine, and Chris Hughes, a cofounder of Facebook who is currently working on the campaign, they confirmed that their intent was to create as much of a working connection between campaign staff and volunteers as possible by using the website as an interface.

 

The Obama campaign is a textbook example of the development of that connection between their own staff with volunteers, donors and ultimately voters. This real world case study of using the social capital developed though 2.0 connections is of great interest to us at FG SQUARED.

 

According to Hildebrand and Hughes, the beginning of the planning process focused on concepts inherent in a well positioned social media effort. Authenticity, transparency and adding value were all considered as crucial during early development of their plans.

 

Online Efforts Compliment Traditional Organization

 

With every aspect of the website, a consideration was given to how the “on-the-ground” campaign would be enhanced. Not only does the website serve as a tremendous supplement to the fundraising efforts, it has served as a community organizational tool and and central information desk for a wide range of activities.

 

More than 150,000 meetups and other events have been coordinated using MyBO. Anyone can start a blog. Those who have a blog are free to post their feelings even if they are in opposition to Barack Obama on a particular issue. You can find groups and people in your area to meet and organize with.You can start one of your own if none of the previously formed affinity groups pique your interest.

 

During the caucus states, in particular, the website served as a virtual campaign office, with fully equipped phone bank capabilities, block walking lists and communications tools. There is much evidence that MyBO played a direct role in the organizational successes of Iowa and the caucuses in Texas and get out the vote operations (GOTV) throughout the primaries.

 

While the groups have been allowed to proliferate within MyBO, a wide variety of social media and networking tools are encouraged and intermixed with other popular sites such as Facebook, MySpace, Twitter, FlickR and YouTube. In all instances the ease of use and the draw of participation increased the number of times individuals visited and used MyBO.

 

Personalization Is Standard

 

Through MyBO you can sign up for text messages on your phone or other handheld device. If you want, you can get regular emails from a variety of campaign officials. You can make calls, from your own home, to battleground states. A team is available to receive comments on improving the site and do so, almost in real time, when it’ll make it work better for users.

 

At every turn, and with every other activity, an opportunity to make a donation is always very professionally presented. Often, a specific and small amount, a micro-donation, is given as a first option. While you can sign up for a regular contribution schedule, there is no pressure to do so.

 

With a steady contribution from volunteers and a very 2.0 oriented campaign staff, there is always a steady flow of new and interesting content on the site and surrounding it. The campaign neither reached out to the well known bloggers or ignored them. They just did their thing.

 

Metrics That Are Tangible

 

With metrics now available, MyBO can be definitely considered a social web 2.0 success story. American politics have been changed by the successful combination of traditional campaigning with the new interactive components.

 

Metrics in politics are pretty straightforward. First, you need money. Money pays staff, money buys paid media, and money hires lawyers to fight legal battles. Money pays for travel and wardrobes.

 

Another key metric is media coverage. The new and increasingly important digital and social media coverage of campaigns supplements and influences mainstream media. Money and media coverage have been greatly impacted by MyBO.

 

Finally, the most important metric is voter participation.

 

Managing the Message

 

MyBO, and the other social media tools, have added to the transparency of a the campaign. It’s easier for users to know where the campaign currently stands and what it’s doing in every state, district and territory. Everyone is an expert. Everyone has access to the materials.

 

Barack Obama, and his top level advisors, lead the effort. They set the agenda and create the message. But throughout the organization even the most remote volunteer is included, almost instantly, when the agenda and messages are established and communicated to the grassroots and netroots.

 

Internal communications are utilized by the campaign’s high command to coordinate all of the outward facing activities of the campaign. For corporations and large non-profits it’s critical to consider whether you can afford to wait before your competition adopts the MyBO model.

 

When Josh Bernoff, co-author of Groundswell, was in Austin he commented that MyBO incorporates every positve aspect of social media except for listening. Perhaps they will improve even that if the Obama team gets the opportunity to govern. Government 2.0 anyone?

 

Blog Action Day 2008 ‘Poverty’

Posted by Mike Chapman on October 12th, 2008

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Austin, Texas is a very prosperous city. We are the capital of a state that is rich in resources and opportunity. A state that is doing very well economically, even in difficult times.

 

Our city is the creative capital of the country, according to the book Rise of the Creative Class. Yet, approximately twenty percent of our citizens live in what are considered poverty conditions.

 

In the county surrounding Austin, approximately 200,000 residents are classified as “working poor” by the Texas Department of Human Services. TDHS also estimates that 41,000 children, under the age of 18, are confronted with food insecurity every day.

Because of the natural beauty, economic growth, and numerous success stories happening every day in Austin, it’s easy to forget about or not notice those who are not as fortunate living among us.

 

In conjunction with the international Blog Action Day on Poverty, scheduled for October 15th, a number of bloggers, podcasters and videocasters here in Austin will devote 24 hours to capturing the face of poverty in our city.

 

We will be focusing on the personal stories and facts of the people living in poverty in Austin.

 

A group of us will also be involved in a 24-hour street retreat immersion effort, delivering updates by Twitter, short video and audio segments, and a series of webinars.

 

We hope to use the power of social media for social good and engage our respective online communities in this effort. Our goal is to include our friends, followers and online contacts in a real-life look at what it means to live in poverty in Austin today.

 

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Mobile Loaves and Fishes and the Capital Area Food Bank have provided a leadership role in identifying several objectives for Blog Action Day in Austin:

 

1) Raise community awareness of the personal aspects of living in poverty in our hometown.

 

2) Communicate a unified call-to-action across a variety of organizations working with poverty in Austin, spotlighting specific ways to face poverty in Austin.

 

3) Engage the broader Austin community in how to respond to these stories, harnessing our city’s unique imagination & creativity.

 

 

We need your help to make this happen:

 

1) Sign up to blog for at least one hour during Blog Action Day: http://www.doodle.ch/participation.html?pollId=kyawmrma58rxup99

 

2) Consider joining us for some or all of the street retreat immersion effort. If you want more info or want to be involved, email bob.carlton@gmail.com or comment below.

 

3) Expand the network for this effort. Forward this post to at least 10 friends in Austin who might want to join us.

 

 

Our neighbors who live in poverty conditions are real people. They have stories to share but their voices are often not heard. You can be a conduit for sharing their stories and giving them a voice.

 

Please join FG SQUARED in support of Blog Action Day 2008 to address poverty in Austin and around the world.

 

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The New Traditions

Posted by Mike Chapman on October 8th, 2008

While new media, social networking, and other forms of digital communications are seen by many as major change, they are also part of a movement to insert traditional values into the public conversation.

Authenticity, transparency and behaving appropriately in public, are core principles of a new way of conducting business. Being who we really are and openly representing ourselves and our companies in an honest manner are necessary in a world where everyone can ‘fact check’ and broadcast their findings instantly.

Most of us have learned very well to block out what we intuitively believe to be fake or misleading information on television and from other forms of mainstream media. We have finely tuned truthiness detectors when it comes to what we’re being asked to believe.

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Listening before sharing your own point of view, and adding value to a conversation when you participate, are additional examples of social media principles that also just happen to be good strategy.

Advertising and marketing tactics that simply push a message are not working as well as they once did. That’s especially true online. Consumers, voters, and others in a decision making mode, look for alternative sources to listen to, ask questions of, and consider when making their choices.

Large institutions are especially not trusted today. The current economic crisis is further enforcing the common belief that we are being misled on a regular basis by ’spin doctors’ and clever wordsmiths at the highest levels.

Listening and adding value follow these very same principles. They require actual participation in a conversation, not a superficial attempt at selling or convincing. Some companies, like Dell, are demonstrating how large institutions can effectively listen and personally respond to what their customers are saying.

Adding value to a conversation can be characterized as doing the opposite of spamming, or astroturfing. Some prominent PR firms have found out the hard way that sending interns out to blindly comment on blogs with a large readership is not effective. In fact, a blacklist of such firms made its way around the blogosphere with much fanfare last year.

These new/old ways of conducting business are having an impact. Social media is not curing all that ails business. But it is providing an example of how you can conduct yourself online and have a positive impact on your reputation, build social capital – a key concept at FG SQUARED – and potentially help yourself and your cause in the process.

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This past week I attended the Austin Social Media Breakfast. Recent Boston transplant Bryan Person has brought a tradition to Central Texas he was instrumental in starting back east.

The guest speaker was Peter Kim. Peter was great at getting us to think critically about all these topics and more. His premise that ‘everything old is new’ resonated with me. The group discussion continued to go back to the core principles of authenticity, transparency and adding value.

Fundamentally, social media and social networking are about people. Their infiltration into traditional marketing and communications, and so many other components of the workplace and home, have been viewed as technological innovations. While that’s true, it’s really the spirit behind the technology that is most profound.

After decades of feeling talked down to by large institutions, and manipulated by clever advertising and public relations campaigns, today’s consumers have taken things into their own hands. They are establishing their own rules of conduct within their online communities.

Many of these new rules very closely resemble what our grandparents might have considered old-fashioned good manners.

Photo Credit

 

Brand Awareness

Posted by Mike Chapman on October 3rd, 2008

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I am a big fan of business management expert Tom Peters.

Long before the current emphasis on social media, and the individuality in branding it provides us online, Peters was evangelizing that we should passionately be in pursuit of developing our own brand.  We should engage in disruptive behavior, break out of the cubicle, and enjoy work again.

Peters has been warning for decades that massive changes were coming to large corporations and to the workers that comprise them. Talented professionals no longer should be dependent on the sponsoring companies for an income. Professional service organizations, PSOs, can perform many of the same functions at lower costs and with better results.

The percentage of workers who will spend an entire career with one company is dramatically lower. Career mobility is an accepted lifestyle choice and job security has been exposed as a myth. Loyalty to an employer is a two-way proposition and is not assumed. Tom Peters not only predicted these trends, he passionately advocates for them.

It should seem obvious that smart companies would look for ways to get out ahead of the new trends, including those made possible and preferable by the new world of 2.0 technologies. To do so would empower their employees, make their jobs more interesting, and encourage them to stick around, and thereby making their companies more competitive.

So it was notable, if not surprising, last week when Susan Scrupski, nGenera’s research guru, offered this commentary on where many large enterprises actually are today:

“we find that social, emergent behavior can be viewed as dissent in large enterprises. In the enterprise space, we find the major barrier to adoption of 2.0 ideologies is culture. Even if there is a groundswell of support to embrace social media, corporate cultures can run counter to its actual widespread acceptance. Marketers in large companies are more inclined to recognize the benefits of building relationships via social media sooner, but they run into roadblocks from other, more conservative, areas of the business. It’s a huge challenge for some large brands.”

At least one very large corporation is leaning into the trends and taking steps to allow employee empowerment on a large scale.

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Recently the Social Media Club of Austin met on the IBM Austin campus with Chris Almond, IBM Redbooks Project Leader. He shared some of the innovations in social computing taking place at IBM.

He stressed that IBM has developed specific guidelines for using blogs, wikis, social networks, virtual worlds and social media, and is allowing their integration into the workplace. With IBM stock doing well, they are not making these moves under pressure, but instead to stay current.

Chris didn’t give away any company secrets, but he did give us some real insights into steps being taken within the firewall at IBM to tap into their own employee talent pool. By allowing the creation of innovation networks and collaboration between different areas of the corporation, employees are able to take advantage of the newest tools.

They’re also considering ways to tap into the social capital they have with the many retirees of IBM using social media and other forms of social computing.

Qualified, former IBM employees might find it satisfying to work on a project from time to time. They already have a vested interest in the continued success of IBM, as pension plan participants, and they could enjoy the work knowing they were not going to be permanently back on the payroll.

By establishing clear guidelines and setting expectations from the beginning, and by accepting and embracing the changes occurring outside the firewall, a large company can adjust into the “groundswell.”

Bottom line considerations will always be bottom line. Proprietary information is still proprietary. Employees and, in this case, former employees are empowered. Managed disruption occurs from within and for the benefit of the corporation.

Chris Almond is definitely a brand unto himself. Chris is also a valued employee of IBM. Other large enterprises – and those not so large – would be wise to learn from his example. Chris says he’s very happy at IBM.

Please read the social computing guidelines being used by IBM and comment below on them or anything else I’ve written. You don’t have to agree with me. In fact, critical thinking is encouraged.