The Gathering: Social Marketing, Old School

The brave new world of Web 2.0 offers a wide array of platforms that allow businesses to connect virtually with the people who want what they’ve got. But long before the advent of the Social Web – before anyone had ever heard of Twitter, Meetup, Craigslist or Facebook – social marketing flourished. From Tupperware parties to trade shows, whether in living rooms or convention halls across America, people came together in gatherings to connect with products, sellers and other customers like themselves all at once. And while today’s culture of hyper-connectivity has dealt much of traditional marketing a fatal blow, the gathering has stood the test of time. In fact, social technology has given new life to the gathering. No longer confined to fixed time slots or venues, the content and conversations of events now live on in perpetuity through social media, event-specific websites and online video. It’s important to make sure that gatherings have a place in your marketing arsenal.This relationship works in the other direction as well. As communities form around common interests on the Web, real-world gatherings are a natural extension of members’ online interactions. Like a handwritten note in the age of e-mail, the face-to-face connection has become a rarefied, premium experience in a time when virtual connectivity is always only a finger-swipe away. For these reasons, it’s important to make sure that gatherings have a place in your marketing arsenal and that you’re investing time in engaging with your tribe of followers offline as well as online.

"Ideas worth spreading"

A recent gathering I attended began like a bad joke: an artist, an engineer and a socialite walk into an auditorium. This time, however, there was no punch line. Instead, I was participating in a TED event, and the room was electric with the pre-show buzz of right and left brains, liberals and conservatives, vegans and slow-food carnivores wearing “I ♥ Meat” t-shirts. For decades the famed TEDTalks have brought together artists, angel investors, designers, doctorates, engineers, entrepreneurs, communicators and community leaders, all in pursuit of one common passion: “ideas worth spreading.” With its famously short talks (25 minutes or less), TED is a petri dish for innovation, and most followers would sever their right arm to attend the invitation-only conference in Long Beach, California. Historically, the group met in druid-like seclusion. But with the ascension of new leadership came a new vision: world-changing ideas should actually be shared with the world. The arrival of online video gave TED a second, virtual life, and in the early 2000s, TED.com began offering free access to full-length videos of its proceedings. For years, TEDophiles like myself have gobbled up this content online while dreaming of experiencing it in person. Fortunately for us, the masterminds behind TED realized that ordinary people everywhere have ideas that could change the world, or at least their local communities. So in 2009, TEDx Events were born, with TED lending its name, brand collateral and mission to independently planned and executed local gatherings. In December 2010 alone, 165 TEDx Events were held in 54 countries. I myself became an official TEDster on September 24 at the inaugural TEDxCharlotte, right in my hometown. A dream came true as I sat with hippies and hipsters for one glorious day of ideas worth spreading. As TEDizens like me have discovered, it is the gathering itself that is the holy grail, not just the content and information. The conversations and connections that can be sparked when people meet and share experiences in the real world are deeper and longer-lasting than those that are confined to tweets, Facebook wall posts or even forum message boards.

Gathering your tribe

TED is a shining example of the value of creating opportunities for people to meet and interact with others who share their interests. Identify the commonalities that unite your tribe.However, you don’t need their massive, worldwide following to harness the power of the gathering to grow your business. You just need to identify the commonalities that unite your tribe and orchestrate an event that taps into their shared passions and provides an outlet for engagement. Remember that those who would make the effort to spend time and energy with you are your champions. They are people who believe in – or at least are interested in – your product, service or company enough to bother. You don’t have to dazzle them. But you do have to show up, make authentic connections and give them something of value for their effort. The end result? They will love and trust you more. In order to ensure the success of your gathering, here are some key points to keep in mind:

Bigger isn’t necessarily better

Often, the slicker and more carefully controlled the interaction, the less special the event can feel. Instead, just keep it simple. Invite a handful of your best customers or, if the invitation is open to all, limit registration. This will foster an atmosphere of intimacy and privilege for those in attendance. Most importantly, don’t use the event as a ruse to assemble your followers for a sales pitch. Be genuine and focus on delivering something of real value.

Show what you know

If you’re a service provider, your customers routinely pay for your knowledge and experience. Play to your strengths by hosting an educational gathering related to your area of expertise. For example, a lawyer could offer a free estate planning workshop to recent retirees or present a seminar for small business owners about the implications of recent health care legislation. The payoff for this type of effort is a group of prospective clients who believe in your credibility as a knowledgeable resource and trust in you more than your competitors.

Break out of your box

Perhaps people associate your business with a particular line of services or products even though your catalog is actually much more diverse. A gathering is a great opportunity to shed some light on your less well-known areas of expertise. For instance, a pest control specialist might know as much about protecting garden vegetables from aphids as floor joists from termites. A lecture to the local garden club could open a new niche market hidden from competitors’ view. Likewise, an interior decorator could offer working moms a workshop about organizing with style, thereby becoming the savior of the super-busy.

The power of privilege

Treat your best customers (the ones you or your staff know by name) to a special appreciation event. Give away products and thank them sincerely for being so faithful to you. They will love your company all the more and become even more vocal evangelists for your brand.

Party like it’s $19.99

If your brand or your products already have a fan base, give those fans an excuse to get together and have a good time – all under the banner of your brand. You’re throwing the party. They’re your fans. The conversation will inevitably lead back to you. You don’t have to force it. Think gallery crawls, wine tastings or product launch parties.

For the love of rewards

Oh to be in the audience the day Oprah gives everyone a new car. Most days, though, you’re at least going home with a free book. When you host an event, reward the effort people make to attend by giving away products to those who show up. Better yet, give more products to people who bring others with them. In doing so, you’re not only giving them a no-risk way to experience your product or service, but you’re incentivizing them to spread the word to others as well.

Use the Web to promote your gathering

If you want a large event, invite all your Twitter followers. If a smaller gathering of your best customers is what you’re after, send direct messages to only the most active or influential among them. You can even turn your event into a contest by challenging your Facebook fans to share why they love your products in order to win a place on the guest list. You’ll not only have an instant list of eager attendees, you’ll also reap some great testimonials for later use.

Transcend time and space

When your event is over, share pictures or video online to demonstrate the good time had by all and the value those who attended received. For example, if your event was instructional in nature, offer a recap of the tips that were covered or access to video of a presentation delivered at the event. Get people talking about your event and keep them talking. The important thing is to get people talking about your event and keep them talking – and sharing, and linking to, and blogging, and status updating and tweeting – about what wonderful people you and your staff are and how much value they find in your product, service or expertise.

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The Ultimate Business Growth Resolution for 2017: Make the Most of Marketing Attribution

As we enter into a new year filled with limitless opportunities and prospects, why not resolve to build a smarter, more profitable business? But in a world where there are so many outlets through which you interact with your customers – from radio and TV to direct mail and email to your website and social media and beyond, how can you know for sure which of your efforts are really working and which are not? That’s where marketing attribution comes in. Marketing attribution is the practice of determining which channels are most effective in attracting and converting customers – both online and off – in order to:

• Measure how many marketing dollars should be allocated to each channel.
• Optimize content to drive more traffic and conversions.
• Attract new customers and win back former customers.
• Sync up offline programs with online campaigns.
• Accurately forecast your marketing budget.

Marketing attribution goes beyond simply counting clicks or following customers’ paths to making their purchases; it uses complex algorithms to determine which channels are driving the most revenue. Naturally, you’ll want to invest more dollars in higher-performing channels. If marketing attribution is such a powerful business growth tool, isn’t everyone taking advantage of it? Actually, no. According to Forrester, only 24 percent of marketers currently measure campaigns across multiple channels, which means that there is a huge opportunity for you to gain a competitive edge by taking the plunge into marketing attribution this year. Here are eight steps you should take right now to get started:

1. Clarify your objectives.

With information coming at us from all directions and devices, it can seem next to impossible to measure the ROI on any given campaign. So what’s the best way to narrow down all the possible factors to determine what’s actually influencing your customers’ behavior? Before embarking down the attribution road, you must establish clear direction. To get the results you seek, start by making a list of questions to help you clarify your objectives: Which channels produce visible results, and which can’t be seen?

• Which metrics will you track in order to gain the insight you seek? Revenue, lead volume, etc.?
• How many conversion points will the attribution system track?
• How do you currently capture and report on metrics? What are some areas where you’d like to see improvement? How do stakeholders receive data reports? Is there a better way to keep them informed?
• What mechanisms will be used to collect the data, such as specialized software or online forms?
• Does your company have in-house expertise on implementing an attribution model, or do you need to leverage an external resource?

Take the time to determine clear objectives before embarking down the marketing attribution path, so you can choose a solution that provides the end results you desire.

2. Start small.

In the digital age, there’s almost no limit to the amount of data you can collect and analyze about your customers and your marketing efforts. However, if you’re new to attribution, keep it simple in the beginning by focusing higher-level data, such as revenue and marketing spend, to avoid becoming overwhelmed with numbers. Save the more granular customer data for future iterations when you’ve got more experience under your belt.

3. Leverage technology.

If interpreting data feels like trying to read foreign language, the first step is to acknowledge what you don’t know and seek external resources to make the job easier. It’s not necessary to hire an expensive in-house expert; there are plenty of effective and affordable solutions available to help you analyze complex data and generate actionable insights. Whatever tool you choose, just be sure that you’re getting clean, accurate and trustworthy results.

4. Match up your metrics.

You probably already have discrete metrics and measurement tools in place for each marketing channel that you currently employ, from email to pay-per-click to social media campaigns. In order to make effective use of marketing attribution, however, you’ll need to establish a set of common metrics that you can use across all channels in your attribution analysis.

5. Work together.

Building a successful marketing attribution program depends on getting buy-in across your organization. Involve all of your key players – from managers to marketers to developers – when choosing a platform and planning its implementation. Collaborate to ensure the right questions are being asked and the relevant data is being collected.

6. Don’t expect perfection.

Rarely is any data set 100 percent clear and comprehensive. There will inevitably be some data that can’t be captured, leaving blind spots in your analysis. Without a crystal ball, there will always be invisible factors – both online and off – that influence your customers’ purchasing decisions. Despite these inherent limitations, even a partial set of attribution data will create a strong foundation for planning successful campaigns across multiple channels. As long as you’re looking at reliable sources, that information can be used to optimize your existing marketing campaigns and plan for future testing and analysis.

7. Compare attribution models.

Under the broad umbrella of marketing attribution, there are a number of models to consider, each with its own strengths and limitations: First and/or Last Interaction: Either the first or last point of contact is given full credit for the conversion.

• Pro: Interaction-based attribution uses previous purchasing behaviors to assign different levels of importance to various touch points.
• Con: This type of attribution can sometimes be subjective.

Last Non-Direct Click: All credit for the sale is attributed to the last indirect point of contact, such as an email link.

• Pro: This model enables marketers to gauge the effectiveness of their external marketing campaigns.
• Con: The Last Non-Direct Click method runs the risk of discounting a myriad of factors that come into play after the customer has clicked through the email.

Last Adwords Click: In this model, the most recent paid search click gets full credit for the conversion.

• Pro: This model enables marketers to gauge the effectiveness of their search spend.
• Con: The Last AdWords method runs the risk of discounting any influences that came after the click.

Linear: In this balanced attribution model, the credit is equally weighted among all points of contact in the path to conversion.

• Pro: This model is simple and straightforward, making it a great entry point for getting starting with attribution.
• Con: The linear method could attribute more credit to a touch point than it actually merits.

Time Decay: Whichever touch point occurred in the closest time proximity to the conversion receives the most credit.

• Pro: It seems logical that the later touch points ultimately prompted the conversion.
• Con: This model disregards initial points of contact, which may have helped to build brand loyalty.

Position-Based: In this type of attribution model, the first and last touch point each receive 40 percent credit, while the other 20 percent is distributed equally across all other interactions.

• Pro: The Position-Based model is a good choice for marketers who want to highlight how leads are generated and then how they ultimately convert while still accounting for the points of contact in between.
• Con: This model runs the risk of giving mid-funnel touch points less credit than they deserve.

8. Consider building your own model.

Every company’s attribution needs are unique. To ensure that everyone in your organization gets the relevant, accurate information they need to make informed marketing decisions, consider building your own attribution model. By partnering with a firm experienced in developing customized, cloud-based business management software, you can work together to design a solution that is tailored to your specific needs and objectives. Here’s to helping you build a more effective marketing and business growth engine in 2017!

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