Archive for the ‘Branding’ Category

More Small Businesses See Value of Websites

Audience Engagement, Branding, Internet, Marketing, Public Relations | Posted by Larry Greenberg
Oct 06 2010

Small businesses are finally beginning to appreciate the value of having a website, if recent surveys are any indication.

In late 2009, Ad-ology, a marketing and advertising research firm, conducted a survey that found that 46 percent of small businesses did not have a website.

Only six months later, another report sponsored by Network Solutions and the Center for Excellence in Service at the University of Maryland’s Smith School of Business, indicated that about 67 percent of small businesses plan to have a website by mid 2012. That same report said small businesses don’t plan to abandon their website in favor of a social media-only approach.  Instead, 30 percent of those who use social media said social media is the reason they intend to spend more on their websites.

Another study by American City Business Journals (ACBJ) of over 1700 small and medium businesses (SMB) found that those whose owners are more involved with the Internet overall enjoy a greater market share than their less web-engaged owners.

Search engines have become the ultimate business reference desk.  People seeking information about an important product or service purchase will conduct an online search, hoping to learn more about their subject, as well as available providers and, if possible, those providers’ credibility.  Businesses that don’t have websites risk being defined by others – or worse, not found at all.  The days of letting your fingers do the walking through the yellow pages or dialing 4-1-1 are over.

Websites enable small businesses to do the following:

  • Describe concisely what the business does, its intended customers, and the problems and needs it solves
  • Build credibility by presenting information that underscores its expertise and conveys its integrity
  • Showcase a unique brand, helping to convey the company’s personality, and the set of attributes that set it apart from the competition
  • Establish a direct communications channel that allows prospects to contact the business directly, while those prospects are in the process of making a purchasing decision;  it’s also a platform for facilitating customer care
So what are the first steps for business owners who may be undertaking the creation of a website?  That will be the topic of the next post.

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Internet Marketing: Assuming the Mindset of a Media Company

Audience Engagement, Branding, Internet, Marketing, Public Relations | Posted by Larry Greenberg
Sep 27 2010

“Every company is a media company,” says Tom Foremski, the former Financial Times journalist.

Foremski is the force behind The Silicon Valley Watcher, which follows the business of technology and media. He also has a new website called, suitably enough, Every Company is a Media Company.  Foremski writes regularly about how the Internet, social networks and other types of digital media have radically changed the way we communicate – consumer to consumer, business to consumer, business to business.

Regardless of an organization’s size and structure – e.g., S-Corp., local service provider, or a multi-divisional international corporation – having a credible web presence has become essential to marketing and sales.   As I recently told a group of small business owners at the Mount Vernon Business Expo, a company’s strategy need not be extravagant.  In developing a strategy, however, businesses can benefit by assuming a mindset that is similar to that of a media company:  How can I be of use to my visitors?  What kind of information do they want and need?   By acting as a media company would, brands can build credibility and good will with target audiences and increase the frequency with which it engages prospects and customers.  Behaving like a media company means also abandoning the hard-sell and offering one’s expert advice without the expectation of a reciprocal sale.  The paradox, of course, is that the goal of such selflessness will lead to more sales in the future.

The financial barriers to web marketing are typically pretty low.  The time barriers – the amount of time that must be continually invested for a successful program – can be high.   Posts in the weeks to come will be written for the online marketing novice – the business owner or organization director seeking to understand the basics of creating a web presence and what type of investments, monetary and otherwise, are required.  I hope others who have already initiated Internet marketing programs will share their thoughts as well.

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Gary Vaynerchuk: Insights from a Successful Web Entrepreneur

Audience Engagement, Branding, Free Content, Internet, Media, Online Video, Social Media | Posted by Larry Greenberg
Jul 30 2010

If you didn’t attend the July 28 NY Video Meetup, I recommend watching the following James Lipton-style interview that group founder Yaron Samid conducted with Gary Vaynerchuk.

nyvideo on livestream.com. Broadcast Live Free

A key discussion topic:  What can content producers learn from the 34-year-old Vaynerchuk’s Wine Library TV, a daily video blog about wine that he started in February 2006 and which now enjoys more than 90,000 daily viewers?

In 1997, before the emergence of such social networking platforms as Twitter and Facebook, Vaynerchuk used the web to rebrand his father’s wine business.  With the launch of Wine Library, a retail site, he increased the company’s annual revenue from $4 million to $60 million as of 2008.  Success begat success for Vaynerchuk, with the release of The New York Times and Wall Street Journal bestseller, Crush It! Why Now is the Time to Cash in on your Passion, in 2009, numerous national television appearances including Late Night with Conan O’Brien, and the co-founding with his brother AJ of VaynerMedia, a boutique agency that works with personal brands, consumer brands, and startups. He is also an angel investor in various startups.

“There’s no overnight success,” Vaynerchuk told the NY Video audience, which consisted of about 200 video producers, entrepreneurs and other industry professionals.  Building an audience is a “marathon,” in which expertise is “massively important” and the traditional concept that ‘content is king’ is “really a big deal.”

He also said that content providers really need to care about their audience, taking the time to respond to each inquiry, including emails.  “If anyone follows you or watches you, you should be grateful.  It’s not the size but the emotion” of the following that matters.  Vaynerchuk said the Twitter phenomenon has hurt because, “it’s created a culture about numbers.  How many of those (followers) really care, at least from a business standpoint.  To get them to really care, you must care about them first.”

Vaynerchuk said online entrepreneurs should be focusing on the revenue-generating potential of mobile.  He foresees possibly developing a Wine Library smartphone application that would include a barcode scanner that enables shoppers in the store to see if his show has reviewed a particular wine or to determine whether a store has a recommended wine in stock.  He also envisions each Wine Library TV episode ending with shopping list.

Oh, and he made this one prediction: Facebook Connect is going to win search over Google. He said people would prefer getting a friend’s recommendations than some anonymous opinion positioned through SEO.  “Context of relationship is really powerful,” Vaynerchuk said.

If you’re interested in developing a following for original web content, I highly recommend listening to Vaynerchuk’s entertaining and insightful discussion.

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Appealing to the Youngest Common Denominator

Audience Demographics, Branding, Film, Internet, Marketing, Media, Online Video, Television | Posted by Larry Greenberg
Aug 11 2009

New York Times film reviewer A.O. Scott recently lamented Hollywood’s reliance on formulaic juvenility.  Just look at this summer’s crop of sequels, comic-book based adventures and bawdy comedies. For Scott, the issue wasn’t whether they were financially successful – many were – but whether box office success means movie-goers actually liked what they saw.

Cinemas continue to attract audiences, despite countless other entertainment options. It could be that unlike professional movie critics,  ticket buyers, both young and old, enjoy what the studios are offering. It could also be that going to a movie theater is still a relatively inexpensive (if you forgo the super combo at the concession stand), immersive and social experience. It’s a good excuse to get out of the house. For many, it would take a record string of stinkers to break their movie-going habit.

Scott’s wish that Hollywood give more original, mature and complex films a chance to find an audience has been echoed by many.  I share the sentiment. I would probably go to the theater more often if only there were more interesting choices.  But the studio statisticians aren’t about to ignore numbers like these: According to a 2007 MPAA Movie Attendance Study, “although 12-24 year-olds represent 22% of the total population in the United States, they represent 27% of all moviegoers and 41% of all frequent moviegoers.”   No surprise that the teenager perspective totally rules.

Scott is not the only one to recently express unhappiness with Hollywood’s long-accepted youth marketing strategy. Late night talk show host Craig Ferguson recently railed in his monologue against television advertisers, their obsession with the young adult demo, and how this is the reason why many shows tend to be sophomoric or, as he puts it, “why everything sucks.”

You can view Craig Ferguson’s monologue here:

The conventional wisdom, established by the television advertising industry some time back in the 1950s, is that young audiences are most valued because they represent an opportunity to build a lifetime brand relationship. Television programming executives, therefore, must design shows to reel them in; to do otherwise would be innovative, but possibly career-ending, risk-taking.

Can we expect studios and networks to continue to cater to the tastes of a young audience at the expense of the older demographic?  Or will the emerging economics of the online world enable new opportunities for producers to serve the diverse tastes of a chronologically broader audience?

Decades after U.S. homes began being wired, cable networks finally began to deliver programming with the sophistication, interwoven plotting and nuanced character development of a great novel.  Premium networks like HBO broke the mold with The Sopranos and Six Feet Under, and now the basic cable networks have followed suit with such series as Mad Men and Breaking Bad.

Online “television,” which is associated typically with user-generated content, is often accused of celebrating juvenility.  As the technology grows up, it’ll develop into a platform that better serves a broader demographic. And then, who knows? If the quality of the content is good enough, some people might be willing to pay for it.

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Do Mets Need a Brand-Boost at Citi Field?

Branding, Marketing | Posted by Larry Greenberg
Jun 17 2009

How many disgruntled fans swear off their team after a devastating loss, only to return as vociferous advocates the very next day? How many brands in other industries could withstand repeated bad customer experiences with a product and have those same customers remain steadfastly loyal?

Sports franchises represent the ultimate in brand engagement. Most fans may not think of it in these terms, but they believe they own the team brand; they worship the team brand. They will object strenuously when management doesn’t take great care in planning for the brand’s future, attending to its present and, most importantly, honoring its past.

Case in point: The recent debate about the New York Mets new ballpark, Citi Field, and the underwhelming presence of the Mets brand itself.

There is plenty of branding at the beautiful stadium; it’s just that most of it isn’t Mets branding. Banners of past Met greats adorn the outside of the stadium on the left and right field sides. Inside, however, the team’s branding – i.e., placement of Mets’ signage and logos, spaces dedicated to Mets nostalgia– is not readily apparent.

There is also the $400-million naming of Citi Field itself. Yes, this is an old subject now, and the Mets aren’t the first team to sell naming rights to their home field. Others include the Phillies’ Citizens Bank Park, the Astros’ Minute Maid Park and the Giants’ AT&T Park. But should the Mets do more to boost their brand presence at Citi Field?

A baseball brand is a shared emotional history that transcends commerce in the mind of the consumer (although its chief purpose is to drive commerce); fans expect the home park to be a shrine that reinforces that bond. Although Citi Field’s construction, design and features pays homage to New York’s former National League brands – the Brooklyn Dodgers and New York Giants – the new stadium fails, at least in the mind of some fans, to pay proper tribute to the Mets own nearly half-century legacy.

In response to a fan outcry about management’s attempt to erase a Dwight Gooden-autographed brick inside the Ebbets Club, owner Fred Wilpon has promised to build a Mets Hall of Fame in the stadium. Such a tribute was never an afterthought for the cross-town rival Yankees.

The old Yankees Monument Park was transferred to the new stadium, itself a cathedral reinforcing the brand. The Yankees name is an imposing presence on the stadium’s front. The building also features the famous façade circling the stadium top, the “Great Hall” showcasing players past, and countless other reminders of Yankee heritage.

The Yankees are arguably the best known sports brand in the world. Having the most world championships, 26, will do that for a team. But the team owners are also careful to reinforce the brand – that shared emotional history – at important consumer touch-points, including most notably the stadium itself.

According to a recent poll, in New York City, the Yankees were ranked more popular than the Mets. Could the Mets benefit from a brand-boost at Citi Field? Or was Vince Lombardi correct? “Winning isn’t everything, it’s the only thing.”

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