Society and business in the 21st Century
This Thursday, August 13 from 10pm Tony Delroy and I will have a look at whats on offer for computer buyers.
This Thursday, August 13 from 10pm Tony Delroy and I will have a look at whats on offer for computer buyers.
We’ll be looking at the best deals, whether it’s worth waiting for Windows 7, the pros and cons of netbooks and how to get the most from cashback schemes.
If you’d like to listen, tune in your local ABC station or listen online at the Nightlife website.
We love listeners comments, questions and opinions so call in on 1300 800 222 and have your say.
At last night’s Mobile Monday Sydney, I was a chatting to a serial entrepreneur about business success and failure. One thing we both commented on was just how important failure has been in the process.
At last night’s Mobile Monday Sydney, I was a chatting to a serial entrepreneur about business success and failure.
One thing we both commented on was just how important failure has been in the process.
The main thing we’d both taken from the stress and heartache of being in a failing business you learn who your real friends are and how they can be trusted in a crisis.
Some of your friends turn out to be totally rock solid while others go to water. A few surprise you with unexpected talent and genius while some disappoint you at critical moments.
Whatever happens, it’s a great test that help you select the right people for future ventures.
I have to admit it must be nice to hit a home run on your first business venture and be lauded as a genius for the rest of your life, but for most of us mortals failure is part of the learning process and often it’s a painful but essential lesson.
To help businesses establish themselves on Twitter, the service has released a free guide to show companies how to use it, to help them build relationships, along with some of the best practice tips and case studies.
Twitter 101 opens with a basic description of the service and illustrates how Twitter can be used by businesses, most of which we’ve discussed previously. There are also a few cute stories, such as ice-cream-deprived workers in the empire State Building sending out tweets to a delivery service.
Having established what Twitter can do for your business, the next page goes through the set up process.
One important flag they raise is how they don’t support name squatting and supply a contact link to report people who are trying to hog names, so if you find your business or trade name has been pinched by someone who doesn’t have a valid claim to the name, you can take action.
Once online, Twitter 101 takes you to the basic terminology. If you wanted to know what a hashtag, trending topic or Tweetup is, this is the page to visit. Probably the most valuable page is the Best Practices section, which details the good, the bad and the spammy. It also provides a link to report spammers and other dills who abuse the service.
If you are going to only read one section, Best Practices is the bit to read. You’ll avoid many mistakes and get more from the service, both as an individual and a business.
Finally, the site finishes up with some case studies. Along with the well-known Dell and JetBlue stories, is the description of how Dave Brookes of Teusner Wines in the Barossa Valley started using Twitter after watching Lance Armstrong in the Tour Down Under.
Finally, there’s some links to useful resources on using Twitter. The guide continually emphasises how it is all about building relationships. Twitter may not be the right tool for you or your business, but the Twitter 101 guide will certainly help you decide one way or the other.
I’m no fan of cashback schemes. Having dealt with them on behalf of customers in my old IT support business, I’ve seen too many people messed around by them.
So the news that the Officeworks chain will stop offering them is welcome and hopefully will see the industry move away from these often unethical and unfair practices.
The main reason for offering cashback schemes is to keep commisions up for salespeople. If a TV or laptop vendor simply cut prices by $200 they would find the salespeople steering customers to more expensive competitors.
So it’s no surprise to see which stores aren’t following Officework’s lead.
If you are offered a cashback, ignore it while negotiating a price as it’s none of the store’s business what you do with it and most certainly won’t help you if there’s a problem down the track. Treat any cashbacks as a bonus and don’t factor it into your purchase.
Or better still, avoid electronics stores staffed by commission driven sharks.
You know you’re addicted to the Internet when you’re having a root canal drilled and you think “I wish I could use my iPhone”.
We often talk about how the internet is changing marketing and distribution, but we often overlook just how fundamental the basic ways we do business are changing.
Internet tools like social networks and the web itself are forcing us to be more honest, open and ethical.
This occurred to me during the annual Cannes Lions International Advertising Festival a few weeks ago, where I was fortunate to go along and see how the advertising sector is dealing with challenges to their clients’ traditional marketing channels while a global financial downturn hits business.
Microsoft CEO Steve Ballmer put the worst case scenario of the world economy resetting to lower debt levels with marketing spend declining faster than GDP, as newspapers and magazines vanish at the same time consumers tighten belts.
Perhaps it was to be expected that Google CEO Eric Schmidt had the opposite view that Americans were too wedded to their credit cards to do anything else but spend.
The marketing bosses of Proctor & Gamble, Kraft and McDonalds had a very different outlook to either of the CEOs. They saw online advertising growing, while print and broadcast spending stays static – the most quoted statistic was the net occupies 20% of consumer’s time while only 7% of budgets are allocated to internet marketing.
A splash of cold water was from Kofi Annan and Bob Geldof who launched the “tck tck tck”, Time for Climate Justice campaign to get real results from the UN Copenhagen Convention in December. Their speeches were compelling and a reminder that some things are bigger than how much you spend online.
Back in the online world, Twitter co-founder Biz Stone gave an entertaining talk on how Twitter came about and some of the possibilities for making money from the service (charging for richer data) but the best social media talk was from Kevin Eyres, LinkedIn’s Managing Director for Europe.
Kevin’s key point is a business’s social media profile is just as much from what employees say on Twitter, Facebook and MySpace, as it is of customer’s comments and the efforts of the marketing team.
This is spot on and shows just how broad the risks and opportunities are for managers and entrepreneurs.
Modern management has to be honest and consistent – the days of hollow mission statements and empty commitments to customer service and equal opportunity are over.
If you don’t hold by your principles then your customers, staff and suppliers will rat you out to the wider world. If you do hold by them you’ll gain respect and true followers.
The final thing from the Cannes Festival was just how innovative and creative the world advertising industry is. While the prize winners were impressive there were many clever entries that changed the way you’ll look at marketing.
Luckily, most of them are online at the Cannes Lions website, so have a look at the speakers and get some inspiration from the entrants. Don’t copy them though as you’ll probably be dobbed in on Twitter.
I’ve just read the Smart Company article on uSocial’s Social Media marketing services. I find the idea of paying for followers in Twitter, or friends in Facebook or contacts in LinkedIn, bizarre.
What uSocial’s prospective clients don’t understand is social media isn’t a game to collect the most fans, it’s a way of building communities around you and your brand.
It’s far better to have twenty passsionate fans than two thousand Twitter followers who just ignore you anyway.
To build a community you need people who care about what you do, your product or your brand. If you have to pay to get the appearance of having people who care that shows you don’t have anything worth caring about.
You can’t buy friends online or offline, so save your money and focus on why you’re different and why people should love what you do.
