Internet Marketing Information |
|
The Power of Buzz
How did Hotmail gain over 12 million subscribers in 18 months? How did the very low budget movie "The Blair Witch Project" become such an incredibly successful phenomenon? The answer lies in the power of "buzz." Buzz or word-of-mouth marketing influences more people to buy, or not to buy products and services, than most other forms of marketing. Why is it so powerful? Basically, we have a need to share information as a means of communication and also as a way of understanding the world around us. Often, we base many of our purchasing decisions on information gleaned from friends and well-respected associates. We tend to listen to them more readily then most mass-media messages. In his book "The Anatomy of Buzz," Emanuel Rosen states, "most marketing today ignores the power of buzz and tries to influence each customer individually." He believes that "buzz travels through invisible networks that link people together. Noise, skepticism and connectivity all influence today's buzz." As exhibitors you need go no further than the tradeshow floor to find a network that creates a real buzz. It starts prior to the show, gathers momentum at the show, and then slowly dissipates after the show ends. Every exhibitor has the power to influence the buzz. It all depends on product/service quality, marketing savvy and the decisions made. I recall visiting a telecommunications show a couple of years ago when the buzz on the show floor concerned a Fortune 100 company and major player in the industry, (who shall remain nameless). The talk centered around the image of their booth which wasn't quite up to expectations. The buzz went like this: "The ABC Company has gone cheap. They must be having financial problems." It's gossip like this that starts the wheels of the "rumor mill" turning and can even create havoc on the Stock Market. Remarks like this often have very little bearing on reality, but people make assumptions and decisions based on what they see and hear. Obviously, the originating source of the buzz plays a key role in its basis for truth. I'm sure that you would much prefer any tradeshow buzz to be positive. Since talking about products/services makes economic sense, how can you use the buzz to add to your existing marketing efforts? I've put together ten guidelines for you to consider: 1. Brainstorm all possible groups of people who might be interested in your products/services. Consider including the media, opinion leaders, influencers, lead users, politicians, analysts, etc. Don't forget chat rooms and newsgroups although buzz still spreads primarily by personal interaction. 2. Research how information spreads among your customers. Ask them how they usually learn about new products/services. Who are their major information sources? Who's information do they value? You're primarily looking for groups of people rather than individuals. However, don't discount individuals, as they may well be a powerful opinion leader. 3. Develop a clear and concise message highlighting the product/service benefits you want to filter through these different groups. Zero in on your product's uniqueness and what it can do, for example, to help save time and money - two basic elements most people seek. 4. Think about ways to tap into these groups to spread the word about your products/services. Use these in addition to your existing marketing efforts. Never rely on just one means of connecting with you target audience. Your credibility is enhanced through different marketing mediums. For example, exhibit marketing could include pre-show advertising, at-show sponsorship and post-show, a trade publication article. The more ways people can hear and see you the better. 5. Offer prospects easy ways to try your product/service. For example, the makers of Pictionary gave demos in parks, shopping centers and other gathering places. The tradeshow floor presents excellent opportunities for this. 6. Come up with other creative ideas to enhance tradeshow show demonstrations. What can you give people to take away to remind them of your company, products and positive show experience. Think about something that will help create the buzz. It'll have to be more creative than a keychain or stress ball. The more product-related the better. You want people to remember and talk about you - positively! 7. Look at special groups whom you might offer a product discount, a loaner or even for free. You're looking for groups/individuals where the direct product experience will help spread the word. For example, when FedEx started out, it offered free shipping to show people how their program worked. America Online continuously finds ways to offer hundreds of free hours of trial usage to entice new users. I recently saw a display of free CDs at WalMart. 8. Use press conferences for major announcements, new product introductions, but only if they are truly new or improved, or general industry trends - what's hot and what's not. Realize that editors are interested in timely newsworthy information; industry trends, statistics, new technology or product information. The media get very upset attending a press conference which is poorly organized and where there's nothing newsworthy. 9. Use sneak previews at tradeshows to build anticipation and help create a buzz on the show floor. Give people a fun experience and a behind the scenes view of what's coming. TV and the movies have got this down to a fine art with their coming attractions. Siemens just did this extremely successfully at the recent CTIA show in Las Vegas. They organized a live marketing presentation with a futuristic theme that featured a digital phone prototype. They certainly created a buzz, which had people, including myself inquiring about the product's availability. 10. Make use of tradeshows to educate your target audience. People are hungry for information. Investigate opportunities to speak either during the workshop sessions or incorporate an educational session into your display. The power of buzz far exceeds many conventional marketing vehicles. It is probably the oldest, most well-used and valuable one out there. Look at how you can make it an integral part of your existing marketing plan to influence the voices in your industry. About The Author Written by Susan A. Friedmann,CSP, The Tradeshow Coach, Lake Placid, NY, author: "Meeting & Event Planning for Dummies," working with companies to improve their meeting and event success through coaching, consulting and training. Go to http://www.thetradeshowcoach.com to sign up for a free copy of ExhibitSmart Tips of the Week.
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
RELATED ARTICLES
A World Outside The US With the exception of myself and a small handful of very remote and isolated journalists, no-one today bothers writing about the growth of the web. It's old news, and we already get it. Top 7 Internet Marketing Sites for 2005 Are you confused by what really works when marketing your business online?I know the feeling. There are literally thousands of sites out there that either promise to teach you how to effectively market online or tell you that they have the magic formula. Do Online Business Ethics Exist? In the world of online busines something has gone wrong. Something has gone badly wrong. The Ugly Side Of Internet Marketing, What The Gurus Wont Tell You! Did that headline grab your attention?I have experimented with many different headlines on my sites and found that you can take the same sales letter yet your sales will increase or decrease depending on the headline you are using.That's nothing to sneeze at! Your headline can literally make or break your advertising campaign. Personality Profiling Your Prospects for Internet Marketing, E Commerce, and Ebay Ads Do you want me to tell you the truth or just what you want to hear?"In your opinion how much would you need to earn to be able to do all the things you really want to do in life, try to be realistic?You may think this is a bizarre opening line to ask, you may be wondering why anyone would want anything but the truth. Fact is many people know the truth when they hear it or read it (or so they believe) but do they?When we write copy for marketing purposes, which if you think about it is almost everything that goes into print. Make Internet Marketing Work for You Via RSS RSS marketing is a tool used by many on the Internet to deliver advertisements, emails, customer support responses, ezines to clients and potential clients without the concern of Spam filters hindering the receipt of the email. Spam filters have created serious problems for companies marketing through email and almost 65% of the emails you send are not even opened by the recipient. Great Ways To Obtain Link Popularity I hate reciprocal linking.It is such a hassle. The Secret To Having A Successful Online Business For three years in Internet Marketing, I've tried to find what the secret was to having a successful online business. During the first 9 months it was pure money-loss. Reselling Resold Resale Rights What the heck am I talking about?Let me tell you that this will be one of my 'Chilli Pepper' articles, it's HOT and very controversial.If you've spent anything more than 5 minutes in the Internet Marketing world, you will most probably come across something called 'Resale Rights' / or often called Reprint Rights. Creating Information Products For Money, Image And Success There has never been a more exciting and profitable time to create your own online product. Recent breakthroughs in the costs of software, broadband, online hosting, and teleconferencing combined with the explosion of internet sales, makes it easier than ever before for any coach to create their own products. Profiting from Articles - A Step-by-step Guide "Content is King" - that's a given, there's no debate. But how do you get content? Like most projects, breaking into bite-size, easily digestable chunks makes the process realistically achievable. What You Wont Learn In Business School What You Won't Learn in Business School----------------------------------------We all know the traditional road to the financial freedom of retirement. You go to work, 40, 50 or even 60 or more hours every week for 30 or 40 years. Online Sales: Easy Way To Turn Freebies Into Sales Freebies. Freebies. How You Can Promote Products And Services In Internet There are two ways how you can promote products and services in Internet:1. Google Adwords?More than 200 million people a day search on Google? for products and services. How to get an Internet Marketing Education Without Spending a Nickel Do you want to create a passive income? Are you bewildered by all the educational Marketing products out there? Are you on a low budget or trying to escape from a huge debt load?Well, I answered a big "Yes!" to all the above, especially, the last oneMy job sucks. I can barely make ends meet and I have some medical problems which make a "normal" working lifestyle very difficult. Internet Marketing and Leveraging the Power of Networks Creating a network -- meaning a community of users -- for your company is something that has always been valuable, but has become virtually indispensable to the success of any Internet company. The leaders of the Internet -- such as Google and Yahoo! -- all apply the idea of creating a network, and have profited substantially from it. Viral Marketing What is Viral Marketing?"Viral marketing is word of mouth marketing on the web. In other words it is the "e" term for word of mouth marketing. Marketing Your Networking Group Several months ago I went on the cruise from hell. It wasn't advertised as a cruise from hell, but instead as an opportunity to check out a networking club, to have fun, to see what this particular group had to offer . Think Outside The Box: Home Internet Business Ideas Imagine never having to leave your home to work. Nothaving to deal with traffic, office politics, annoyingco-workers, or pretentious bosses make excellent argumentsto working out of the comfort of your own home. Your E-Business Strategy: Is It Love ... Or Fear? I read recently that every human thought originates from either love or fear. The more I thought about it, the more true it became. |
home | site map | contact us |