Want More Word-of-Mouth? Read on.

Word-of-mouth is the ultimate prize for any marketing campaign. How do you “get people talking.”

Word of mouth isn’t just for the water cooler anymore. It’s really the essence of social media.

Two Wharton hot shots recently took on the question of exactly how optimum word-of-mouth is achieved. Below is an unabridged summary from AdAge of their findings:

Products Don’t Have to Be Interesting
Conventional wisdom holds that consumers will only talk about cool, new products they find interesting, and talk about them in a way that will be beneficial to their social currency. Berger and Schwartz characterize this as online behavior—in digital settings, consumers are more aware of being watched by peers and, therefore, are motivated to post about brands that will be well-received by others. They call this “motivated transmission.” (Klout score, anyone?) And yes, the study has a methodology for identifying “interesting” products.

They claim behavior in face-to-face settings is different: It’s less about motivated transmission and more about what products are top-of-mind at a given point in time. Interesting products may generate immediate discussion as novelty items, but that fades fast. Simply being interesting doesn’t give a product conversation staying power.

The good news for marketers is that the magic of word-of-mouth isn’t limited to certain product categories. Under the right circumstances, common products can generate far more consumer discussion.

It’s All About Accessibility
The study finds that the biggest driver of discussion is the accessibility of a product. People naturally talk about what they see and what’s top-of-mind. The drink in your hand, the package on the table and the makeup on your face may not be as interesting as a shiny new tech device, but they are discussed far more frequently.

Woody Allen was on to something when he said 80% of success is just showing up. The challenge for marketers is to get their products where they can be seen in a natural conversational context or to create visual cues that stimulate discussions.

Connect With Consumers Through Samples
People can’t say much about your product if they haven’t used it. The study found that product samples generated the greatest increase in discussion. Not because consumers felt a need for reciprocity, but because they must have first-hand experience with the product to understand what it can do.

It takes more than a simple handout at the train station or a trial-size tube in an envelope. You have to connect with people and make the brand come alive with ideas for activities and suggestions for using the product in more creative ways. In its latest shopper-marketing report, the Grocery Marketing Association referred to this as winning both hearts and carts. Coupons and rebates may lead to a product experience, but they are focused on the cart and are a complement, not a substitute, for a sample.

Your Marketing Can Provide Valuable Cues
Through various cues and triggers, marketers can make products more accessible. Branded items such as stickers, hats and T-shirts expose brand messages in natural conversation. While not critical to a social-marketing campaign, they can help. The study associated using branded giveaways in campaigns with a 15% increase in word-of-mouth.

Marketers can also create links that associate common things with their product, especially if the stimuli or usage situation is one that people do not already connect to the brand. Two examples cited in the study are the cues that ducks provide for Aflac, and the cues that the orange color of Halloween provides for Reese’s candy. The report also cites a BzzAgent program for Boston Market that helped create a new association for the brand. The restaurant chain, usually associated for many people with lunch, worked with BzzAgent to target specific customer profiles with dinner-related messaging and offers that boosted word-of-mouth by 20%. Countering consumer expectations can be a powerful tool for getting consumers to talk about a brand.

Buzz Can Be for Everyone
Consumer discussion about products isn’t a matter of chance. It happens every day to almost every type of product. The good news is that marketers can impact how often, and for how long, their products are the focus of conversation. Go ahead—your customers are waiting for their cue.

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Social Media Contests are King

contests

If you want to build an online audience (Facebook anyone?) or kickstart your sales, social media contests are your answer. An effective social media contest or giveaway will drive Facebook “likes,” generate Website traffic and, if done right, go viral.

From our good friends at Mashable, here are some ground rules.

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Consumers Say NO to O.co. Branding Wins Again.

O.co

Many of you marketing aficionados are probably aware of Overstock.com’s effort to change the company name to O.co. I have no idea why the change was suggested – much less enacted – but after five months the name change experiment is over.

According to AdAge,

“The online retailer’s president, Jonathon Johnson, said it is stepping back from the O.co name ‘for now,’ though not abandoning it outright. Overstock will still use the O.co name internationally and on mobile efforts, including an iPad app that launches today. And the sign on the “O.co Coliseum,” the home of the Oakland Raiders and the Oakland Athletics, will stay up.

Confused? So were customers. Mr. Johnson said customers responded well to the O.co advertising, but after watching the spots, ‘a good portion’ of those who sought out the website went to O.com, instead of O.co. (O.com is one of the off-the-market single letter domain names still held by ICANN.)

‘We were going too fast and people were confused, which told us we didn’t do a good job,’ Mr. Johnson said. ‘We’re still focused on getting to O.co, just at a slower pace. … We’re not flipping back, we’re just refocusing.’”

Marketing and Ad people tout brand equity as the holy grail of advertising. The idea is a simple one: as a company grows, it builds brand awareness, it wins, retains and pleases customers, their affinity towards the brand increases and over time said company builds brand equity. Based on this equation, I’m not sure why the execs at Overstock.com chose to ditch the brand equity they had built with their brand name to transition to another name. But it was a bad idea.

This brand renaming has been a recent bad trend. We’ve seen this with Netflix, which sought to spin off its DVD business (the heart of its original business) and rename it Qwickster. Netflix fanboys hated this and Netflix quickly (Quicksterishly?) nixed the idea. RadioShack tried it with its The Shack rename and PizzaHut had its own The Hut moment.

Typically when we see an name change like this work, it hinges on moving from a longer name to an acronym. KFC is a good one. DLJ (Donaldson Luffkin Jenrette the private equity firm) is another.

Name changes are tricky things. I’m a big proponent of the “if it ain’t broke don’t fix it” rule of thumb. Unless there is serious cause to engage in a name change (litigation, consumer confusion with a competitor, etc), do your brand a favor and let your name be. It’s usually not worth the trouble (and the bad press) and it’s a great way to erode the brand equity that your company has spent years earning.

Names are important – but not as important as people knowing who you are and what you do. Focus more on creating great products and services and keeping customers happy and you’ll never be disappointed.

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Google+ to Brands: No Promotions for You!

There has been much speculation about Google+ and the impact it will have on the social media landscape (ie, Facebook). Google+ initially resisted branded pages, but recently relented. However, brand owners shouldn’t get their hopes up about the ease of use of these pages. Google+ will not allow the use of the platforms for contests, giveaways or coupons – a mainstay of many top brand pages on Facebook.

How will this restriction affect Google’s plans to challenge Facebook as the top dog of social media? It will take some time to know. But for now, it appears Google+ is focused more on social connections and less on the bottom line. Good for users, bad for businesses.

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f.ounders Conference Recap

founders

For those of you not in the know, the f.ounders conference is a tech startup conference for the best and the brightest in the world. Mashable’s Ben Parr attended this year and gives a great recap. Key lessons: entrepreneurs are intense and startups, like many businesses, boil down to connections (and networking). Enjoy.

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10 Elements of Solid Social Media

Implementing effective social media marketing for your company goes beyond a corporate Facebook page or a Twitter account that gets updated monthly. Just like traditional marketing tactics, social media campaigns require a committed effort to deliver success.

Following are 10 rules to keep in mind:

1. Share

The best social media content is highly sharable. What gets people talking and what info is worthwhile enough to compel people to “pass it on.”

2. Go Real Time

Relevant content is the only content that matters. If it’s not current (or at least based on a case study or situation that is highly memorable) its not worth it.

3. Educate – Don’t Sell

This is a core principal of good PR media relations and it has never been more true as seen through the social media prism. Messages are more trustworthy when communicated through an education-minded tone. People want to ingest content that teaches them something new or gives them a different take on something they already know.

4. Entertain – Don’t Market

The best viral videos are fun and the most “liked” Facebook pages have content that draw interest beyond their content.

5. Content Goes Beyond Text

Text is good, video is better.

6. Think Like a Publisher

Just as text is no longer “enough,” it is also no longer enough to think within the confines of traditional marketing techniques. The value of eBooks, Podcasts and video tutorials cannot be understated. Get your face – and your message – out there. And get it out there NOW.

7. Target Your Niche

Hit your verticals and hit them hard. A blanket approach with social media will get you out there, but if you want to hit decision makers and opinion leaders you need to have a targeted approach.

8. Show Your Passion

People respond to passion. If you’re not bringing some emotion in your social media outreach you’re missing the point. If you’re selling wine, sell your product like Gary Vaynerchuk If you’ve seen Gary talk about wine, you’ll know why his business is good. The man brings the fire.

9. Listen

If you’re doing social media right, you’ll get a reaction to your messages. Listen to it. And respond accordingly.

10. Engage

Yes, the key to it all is engagement. Social media is, at it’s core, all about engagement. Find ways to interact with your customers and prospects. If technique one or two don’t work, move on to three and four. Social media (like most marketing) is more art than science. Trial and error will help you succeed. Don’t get made if social media doesn’t immediately move the needle, get creative.

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