April 26, 2009

Viral Marketing Advice from Universal Orlando Resort VP

Guest Post by Cindy Gordon
Vice President of New Media and Marketing Partnerships
Universal Orlando Resort


Nimble companies are using the Web in ways that they could never do before. New media has created a new marketing environment where the old rules of marketing no longer apply. When you have a passionate fan base for your brand, the Internet is especially vital for going viral. Communicating to a small but powerful group of fans first online to enlist their support is a smart way to ensure positive coverage in the mainstream press. The power of the Internet makes it easier for people to fall in love with you faster. But beware—it also makes it easier for them to fall out of love with you faster. It’s a double-edged sword. Listen constantly to what’s being said about you. Social media technologies do not make a brand viral; they merely allow consumers to tell others about good brands. The main thing is to be different and relevant with your brand. And when you have that, the sheer power of the Internet can accelerate your brand. Traditional media takes weeks to build brand awareness and months to build preference. The Internet can make your brand famous literally overnight.

Viral marketing success comes from self-publishing Web content that people want to share. It’s not about gimmicks. It’s not about paying an agency to interrupt others. It’s about  harnessing word-of-mouse, the most empowering form of marketing there is.

Word-of-Mouse empowers you
You and I are incredibly lucky. For decades, the only way to spread our ideas was to buy expensive advertising or beg the media to write (or broadcast) about our products and services. But now our organizations have a tremendous opportunity to publish great content online—content that people want to consume and that they are eager to share with their friends, family, and colleagues. Word-of-mouse is the single most empowering tool available to marketers today. I wrote this e-book so you can take advantage of the power of viral marketing too. In it, I share ideas that will help you create your own viral marketing strategies and campaigns. These are the “new rules” I’ve used to create marketing programs that have sold more than a billion dollars’ worth of products and services worldwide.

There are people who will tell you that it is possible to create a viral campaign that will certainly be a hit, and there are agencies specializing in taking money and making promises. But I’ve noticed that when organizations (and their agencies) set out to go viral, the vast majority of their campaigns fail.

It is virtually impossible to create a Web marketing program that is guaranteed to go viral; it requires a huge amount of luck and timing. That’s an important point to remember as you work on viral marketing ideas, because it’s unlike the old-rules, numbers-based marketing techniques you’re probably used to. Consider a direct mail campaign: You could always count on a direct mail piece to generate a known number of responses, say 2 percent. So if you needed to have 100 people respond, you sent out 5,000 mailers. Easy, right? Viral marketing is much different. You just can’t count on numbers in the same way. Many efforts fail miserably, and there are countless Web sites, e-books, and videos that only their creators’ mothers and bosses have seen. However, tomorrow those same marketers might get lucky and get a million people to view their content, driving tens of thousands of people’s interest in their products and services.

However, this importance of timing and luck shouldn’t discourage you from using viral marketing techniques; you just need to learn how to turn the odds in your favor.

Viral marketing—having others tell and spread your story for you —is one of the most exciting and powerful ways to reach your audiences. It’s not easy to harness the power of word-of-mouse, but any company with thoughtful ideas to share—and clever ways to create interest in them —can, after some careful preparation, become famous and find success on the Web.

What viral marketing is not
Viral marketing is a popular buzzword out there but is misunderstood by many. It’s also gotten a bad rap in some quarters. Why? Because there are a cadre of viral marketing “experts” who will happily take (large amounts of) your money to create a viral marketing “campaign” for you. However, these old-line agency approaches typically depend on some gimmicky game or contest that just feels forced and advertisement-like. Typically, advertising agency-developed viral campaigns involve buying access in the same old ways, such as purchasing an email list to spam people or launching the campaign with a pricey print or TV ad. Often these viral ideas dreamed up by agencies have absolutely nothing to do with your company or its products.

Sure, an email subject line “Get Your Free iPod!” will drive viral buzz, because people want to take a chance on a free iPod. But unless your company has something to do with iPods, this bait-and-switch game is unlikely to educate people about your organization or drive sales.

Worse, some companies (urged on by their unscrupulous agencies) set up fake viral campaigns where people who are employed or in some way compensated by the agency write about a product or create a video purported to be from a customer. The Web is hyper-efficient at collective investigative reporting and smoking out trickery, so these campaigns rarely succeed.  And, in the worst case, your organizational reputation may suffer great harm.

That’s why it is important to draw the clear distinction that valuable content going viral via word-of-mouse is the new way to spread ideas, while silly contests are yesterday’s news.

You must ignore the old rules. Viral marketing is not about coercion, and it is not about buying access. Don’t get sucked into gimmicks.

Ready to try out your production skills and post some hopefully buzz-generating content on YouTube?

Here are some things to keep in mind:

1. Creating a video is easy, and posting on YouTube is free.
Shoot the video using a digital video camera and copy it to your computer. You can then either upload the video to YouTube as is or edit it with software such as iMovie or Windows Movie Maker to add titles and special effects. You might shoot from different angles with one or more cameras and then piece together the footage to create a unified final product. But remember, less is usually more when it comes to special effects. When you’re ready to upload the video, you just need to create a free YouTube account and follow the directions to add the video.

2. Homemade is just fine.
You don’t need to hire a professional. A homemade-quality video can work well and is sometimes preferable. We’re bombarded with overproduced TV commercials all the time—so often that we usually just turn off our minds when they come on. An authentic and interesting video (rather than a slick and polished one) in which your personality shines through can make people notice. But plan ahead and shoot several takes to get it right.

3. Your video should be no longer than three minutes (preferably shorter).
Think very short. When people watch video, they have extremely short attention spans. There are millions of videos on YouTube, and it’s very easy to click away from yours. Although YouTube will accept videos shorter than 10 minutes (smaller than 100 MB), try to make yours between thirty seconds and two minutes. If you have more to say, consider creating a series of videos rather than making one too long.

4. Make your description clear and specific.
A critical component of your video will be its title—the name the world will associate with your work—so think carefully about it. Make it descriptive and unique. To best promote your video, create an accurate and interesting text blurb. Use descriptive keywords and language that people will use when they search for videos like yours. And use the correct categorizations on YouTube so people can find it.

5. Don’t attempt “stealth” fake customer insertions.
Some companies attempt sneaky stealth insertions of corporate-sponsored videos made to appear consumer-generated. A typical case might feature happy twenty-something’s at a party having fun while using products of a certain brand. The YouTube community is remarkably skilled at ratting out inauthentic video, so this approach is likely to backfire and cause harm to a brand. Remember, if your video is worth watching, viewers won’t care that it was submitted by a company.

6. Consider inviting your customer communities to submit video.
One of the most effective ways to use video to drive viral marketing is for companies to develop a contest in which users submit their own video, which then is made available for others to see. The best would-be directors are given prizes, and their videos are usually showcased on the company site. In some cases, the winning videos are also played on TV as “real” commercials. For example, more than 100 people submitted videos for a Mentos contest seeking the best customer-created videos of geysers made by combining the popular mints with Diet Coke.

7. Try a series of similar videos to build interest.
Sometimes a series of videos, such as those from Blendtec, a small company that makes household blenders, works well. Blendtec created a huge hit with their series of YouTube videos called "Will It Blend?" The following videos have each been viewed more than a million times:

8. Tell everyone about your video!
When you upload your first few videos, you are likely to hear a deafening silence. You’ll be waiting for comments, but none will come. You’ll check your video statistics and be disappointed by the tiny number of viewers. Don’t get discouraged—that’s normal! It takes time to build an audience. When you’re just getting started, make sure people know it’s there and can find it. Create links to your video from your home page, product pages, or online media room. Mention your video in your email or off-line newsletters, and create links to your video as part of your email signature and those of other people in your organization.

9. Make sure bloggers know about the video.
Sending bloggers a link to the video or commenting on other people’s blogs (and including a link to your video) is a good way to build an audience. If you comment on blogs in the same space as yours, you might be surprised at how quickly you will get viewers to your video. However, when commenting on someone else’s blog real estate, make sure you’re on topic and genuinely contributing to the conversation in addition to linking to your video.  Don’t just spam bloggers with your link without adding value.

10. Above all, have fun! Don’t be afraid to go out there and experiment.

Video content on the Web is still very new for marketers and communicators. But the potential to deliver information to buyers in new and surprising ways is greater when you use a new medium. And while your competition is still trying to figure out “that blogging thing,” you can tap into the world of video and leave the competition behind.


PHANTOM POWER
Marketing by Design

www.phantompower.co

The Long Road From Lead Generation to Sales Conversion

Marketers face lengthy time spans as they progress from lead generation to conversion, making it difficult to nurture prospects while moving them through the pipeline. This chart highlights the percentages of leads in each stage of the pipeline that are likely to advance to the next stage.

Average Conversion Rates in the Marketing-to-Sales Process


One of the most challenging obstacles to marketing is the time span from lead generation to sales conversion.

These long sales cycles put pressure on marketers to streamline the lead nurturing process.
When prospects first enter the pipeline, they may be months away from defining specifications, a budget or purchase timeline. 

It is marketing’s responsibility to identify and fulfill the information needs of prospects at each stage and to advance prospects through the pipeline to a sales-ready stage as rapidly as possible.

We wanted to know what percentages of leads in each stage of the pipeline are likely to advance to the next stage. As this chart shows, on average, nearly four in 10 leads move from initial inquiry to being sales-ready, and approximately the same ratio advance from sales-ready to qualified prospect. As might be expected, the trend deteriorates moving to the next stage where only three in 10 qualified prospects convert to a sale.

The internal sales force has an edge – albeit slim – over top channel partners in percent of distributed leads closed. An organization’s own sales force is also three times as likely to close leads distributed to them as are their average channel partners.

The Deal. The Close. The Win.
Ultimately, making the sale is up to your sales team, but by implementing a sound nurturing and scoring process, you have helped them by establishing a relationship and positioning your company as a leader with the prospect. The Tools Just as a nice haircut and a manicure prepare you for that first date, every marketer should prepare for that introduction. You’ll need easy to use tools to help you nurture leads, including email, landing pages, forms, and lead scoring: essentially, a lead management solution.

Send triggered emails
Send a series of emails as part of a drip marketing campaign, or triggered based on specific prospect activities. Each email offers a document (or webinar, or trial software, etc.) that helps move your target along in their decision-making process.

Use custom landing pages
Don’t forget that custom landing pages can increase conversion rates by up to 48% during your lead nurturing as well as your lead generation activities. You only have eight seconds to get their attention, so use bullets, short forms, and no external navigation. And have only one call to action!

Use smart forms
You will get better response rates by using a form as the call to action on your landing pages, but why use the same form with the same fields over and over? Just like you wouldn’t ask your date for his or her name every time you see them, you shouldn’t ask for contact information again and again. Smart forms recognize known visitors and can fill in the fields you already know. Since you don’t have to ask for this, ask for other info, such as company size, time until decision, etc. Building the profile over time will help you in scoring the lead.

Use web analysis and lead scoring
Knowing which pages your prospects visit on your site can be very beneficial to determining their interest as well as their level of engagement. Being able to connect anonymous visits to actual prospects? Priceless.

Automate and measure
Salesforce.com and other customer relationship management (CRM) products are great, but they typically fall flat in their marketing capabilities. As marketers we need to automate the everyday tasks of building and managing lead generation and lead nurturing campaigns. We also need to more objectively score leads according to their company demographics as well as their activities on our websites, landing pages, emails and other campaigns. And a single lead source doesn’t cut it when lead nurturing. It’s great to know where we first encountered the prospect, but knowing what happens between that first meeting and closing the sale is imperative in these days of marketing accountability.

Evaluate
As you move through the nurturing process, you’ll probably discover that some of the assumptions you made are incorrect; for instance, that downloading a particular white paper means that they are close to buying or that sending a particular email would elicit a good response. Don't forget that lead nurturing – and marketing in general – is constantly changing. You'll want to stay flexible and be ready to change your lead nurturing process as you experiment with new tactics and learn what works.

What are you doing to lessen the cycle from lead generation to conversion?


PHANTOM POWER
Marketing by Design

www.phantompower.co  


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