Wednesday, August 26, 2009

Another One of Those Incremental Improvements That Keep Google Ahead

Here’s something that shouldn’t surprise you: Google just keeps getting smarter.

Last week, the Internet frontrunner announced changes that will enhance its contextual targeting capabilities.

Contextual ads show up on pages of Google publishing partners. These AdSense ads are supposed to be relevant to various keywords on a given page. (Say you load a story about increasing new home construction. You’re likely to see an ad from a homebuilder.) When it works, it’s your typical, intuitive, don’t-even-realize-it’s-happening Google experience.

Trouble is, sometimes Google’s contextual targeting hasn’t worked quite right. Like when an ad for cheap airline tickets shows up on a page about a plane crash. Here’s an amusing slideshow of some of the most egregious examples of contextual targeting mishaps.

The changes Google announced this week should cut down on these embarrassing exceptions—once again keeping Google ahead of the pack in terms of creating an ever smoother, more customized Internet that works better for advertisers and users alike.

That’s not only good news for you if you’re an advertiser. It’s also a good example. The lesson? Never stop improving. The folks at Google never do, and that’s one of the ways they maintain a competitive edge.

Friday, August 14, 2009

Lessons from a ‘Best Buy’ That Wasn’t

Come on Best Buy, you can do better than this. Your little $10 LCD TV mistake could have been parlayed into some goodwill publicity—if you bothered to follow through.

Instead, we get what amounted, more or less, to a classic “no comment.” In fairness to Best Buy, the retailer is refunding everyone who ordered the sets at that eye-popping price on bestbuy.com. And the official word from the company was oops, sorry for the misunderstanding.

But that was followed by a gentle reassertion of the company’s right to change pricing and availability of products at any time. And beyond that, Best Buy is mum.

Why? Seems to us like the perfect opportunity to turn a mix-up into a make-up with customers. Turning an unhappy customer into a satisfied one is one of the quickest routes to positive word of mouth (and great PR). For Best Buy, it could have been as simple as sending all the aggrieved a little Best Buy gift card (or at least a decent coupon) along with their refund. Then, of course, announce loudly that you’re doing that.

Alas, that’s not happening. Meanwhile, customers are griping, news outlets are spreading the story and Best Buy is looking kind of cold and careless.

Thursday, August 6, 2009

Branding is back, baby!

For many B2B companies, the whole idea of brand building has taken a back seat in today’s economy. Everybody’s cautious with their investments, limiting their spending to price promotions and the like.

It’s understandable, but it’s also ill-advised. Why? Because in a shrinking market, you have to aggressively protect and grow your share. And you can’t do that by focusing on your products and services alone. Doing so only plays into the trap of commoditization.

We think it’s time to give brand building a little love again. Good thing we have this powerful tool nowadays that can help you build your brand directly and cost-effectively with customers. Maybe you’ve heard of it. It’s called social media.

Check out this decent primer in The New York Times on managing your reputation online (or, in other words, building brand equity).

Opportunities abound to connect with customers, solve their problems, anticipate new ones and cultivate trust every step of the way—exactly the vibe customers are seeking in these uncertain times. Social media is an excellent path to reinforce your brand and build the confidence your customers need to have for you to win their business. Yes, branding is back, baby! It’s online, it’s every day, and it’s here to stay.

Thursday, July 30, 2009

Microsoft-Yahoo! Partnership Needs a Culture Shift to Take on Google

As the escalating Microsoft-Google faceoff continues, Microsoft and Yahoo! have finally hooked up, but nobody seems too impressed with their search partnership.

Combining resources, they’ll still have only 30-35 percent of the market, compared to Google’s 65. Then there’s the looming antitrust scrutiny.

But we’re wondering about a separate issue: culture. Can Microsoft and Yahoo! mix successfully—and can they do it in a way that keeps pace with the open-source-innovation model parlayed by Google into Internet domination?

It takes a strong commitment to ingenuity to support a policy like Google’s “20 percent time,” whereby employees spend a day per week taking on projects outside their job description.

Microsoft and, to a lesser extent, Yahoo! are more entrenched, institutional organizations. They’ve evolved, sure, but they aren’t in a constant state of advancement the way Google is and has always been.

To be fair, Microsoft has fired some fairly strong volleys in this match, including the Bing rollout. Bill Gates’ behemoth baby isn’t accustomed to second place, so don’t count them out just yet. But the new MSFT-YHOO partners have big hurdles to clear as they try to cultivate a combined culture of creativity that’s a worthy rival of Google.

Friday, July 24, 2009

As Social Media’s Status Rises, Don’t Ignore the ‘Why’

In an interesting if unsurprising development, BtoB has released a study declaring that “Social media use soars among b-to-b marketers.”

Indeed, we’re all atwitter about the interactive, community-building possibilities. And as we’ve said before here, here and here, you should be experimenting in social media.

But at the same time, a word of caution. We’re talking about experimenting here. And experiments sometimes fail. As marketers, we can’t let ourselves get so tangled up in social media excitement that we don’t recognize when our efforts aren’t achieving any marketing objectives.

For example, as one BtoB commenter points out, it’s nice that we marketers are flocking to social media, but we should also consider whether our target audience in any given case is active in these emerging channels. If not, why waste the time?

So while we’re listening and chiming in online, we also should be thinking about how social media dialogs fit with our goals and strategy. Shooting for a quota of sales leads? Just trying to stay on top of what customers care about? We can’t expect too much from our Tweets, replies, status updates, etc. But we should expect something.
In social media, at a minimum, we need some idea what we’re getting into—and what we’re trying to get out of it.

Friday, June 19, 2009

Social Media: Just Because? Perhaps ;)

There’s some provocative commentary over at Ad Age: “Why I Hate Social Media”

Don’t count me among the social media haters, per se. I do find the media themselves to be interesting—especially all the instant interconnectedness among people around the globe.

But Ad Age columnist Matt Jones has a point, I think, when talking about using this tool for marketing purposes: it’s still about the big idea.

Lots of people are jumping on the social media express. They’re reading about it everywhere, and the knee-jerk reaction is to say “Hey, me, too!” But for jumping on board to be worthwhile, you still have to offer fresh, compelling stories that engage and build community with people who share similar interests. Otherwise, your Tweets will be easily ignored by the same social-media-savvy people you’re trying to reach.

That’s not to say you shouldn’t be experimenting in these fast-evolving realms. But if you’re using social media for your business, you should at least consider how doing so relates to your company goals and strategy. And more importantly, you have to make sure you’re having real-life, give-and-take conversations with customers, prospects and industry people. (Take Dell and IdeaStorm, for example.)

Don’t forget to listen, learn and take action. Thanks to the wide variety of social media research tools available (start by exploring Twitter’s search function), you can tune in to what people are talking about and tailor your messages accordingly. So go ahead and join the conversation.

After all, the big idea of “social media” is being “social.”

Friday, June 12, 2009

Word of Mouth Marketing: More Valuable Than Ever

In these days of tight resources, the quest to do more with less has many of us returning to marketing basics.

You don’t get more basic—or more cost-effective—than word-of-mouth marketing. And today, good old-fashioned word of mouth can be easier and more powerful than ever, thanks to social media and other web 2.0 tools.

To help you get going, there’s a constant parade of great advice and examples to emulate over at the Word of Mouth Marketing Blog.

It’s run by to Gaspedal, a noted word-of-mouth marketing consultancy led by Andy Sernovitz, author and expert in word-of-mouth and its 21st century manifestation in blogs and social media.

OK, full disclosure: We were pleased to see that a Nueske’s tradeshow giveaway we orchestrated got a shout-out recently on the blog.

Nevertheless, gaspedal and its blog have tons of excellent tips for how you can fuse classic approaches and new technology to accelerate your success. So go check it out and put it to use.