FRANKthoughts

There’s nothing better than to start the new year with some fresh ideas. The Customer Learning Curve is showing that your target audience is made of different people in different stages of their relationship with your brand. Check it out and let me know what you think:

Is it the PR agency? the advertising agency? the marketing department? Whoever it is they need to practice what they preach. They need to be familiar with the tools, to know the language and have guidelines to follow. They need to have something to measure with both short and long term goals. They need to provide value for your customers and business. Can anyone do it?

Here’s something from Seth Godin in his post “Watch the money“: If you’re in the music business but you never buy tickets or downloads, can you really empathize with the people you’re selling to?… if you work for a non-profit and you don’t give money to charity, what exactly are you doing in this job?… Money is more than a transfer of value. It’s a statement of belief. An ad agency that won’t buy ads, a consultant who won’t buy consulting, and a waiter who doesn’t tip big—it’s a sign, and not a good one”.

If there is one rule when it comes to building your brand and business social assets it is to buy it from the people who invest in it themselves. They have probably faced the same problem you’re facing and have the hands on experience to build a sustainable social business solution. Do you think brands should have a community/social officer?

When the world is changing so quickly some organisations will survive and some not. The difference will be in how well you prepare and how good is your solution. Here are three examples of three different industries going through changes. These are my observations and I will love to hear your thoughts:

1.MUSIC: Artists are doing it for themselves – Superstar artists are now using social media to launch their new video/show/single using Ustream.tv and facebook: That’s right both Shakira and Chamillionaire did this in the last week against their record label’s advice and I expect to see many more artists doing this “social media” thing in the near future. So if you’re a record label or a music related business this act represent both threat and opportunity. When your artists know better than you how to reach their audience, there is a problem.  It’s up to you to keep up.

2.NEWSPAPERS: What will be the new model? Rupert Murdoch continues his war against google and wants to charge for online content. That’s great. Now he’s saying that without eTablets, “Newspapers Will Go Out Of Business.” Do you actually know anyone who owns an e-tablet? Any way you look at it, the newspaper model is broken (now they might charge you for a day pass?) . People are getting their news from other sources for free. Will people pay to get the same content on an e-paper? I don’t believe quality journalism is broken but I feel the delivery mechanism is. In a world where everything is shared by niches what’s the role social media and crowds can play within a publication? I’m sure Murdoch is working on it but if I was working for a newspaper or a magazine I’ll be thinking about it too.

3.ADVERTISING: The rise of the consumer-ambassador – When Coca-cola is doing it you know it’s real but they are not the only ones. More and more brands are using reality type “social” campaigns featuring real people to earn brand recognition, more fans/followers and the holy grail: organic google juice. Think about how many mentions your brand can get when people are constantly adding content, twittering and blogging about it, sharing the content with their friends and their friends friends. When the consumer journey starts with a google search, your first page is the most valued property you have. In this kind of world you need to be sure of what happens when someone is googling you.