editor, Author at Mediastreet

In News

4 Big Brands Share Counterintuitive Expert Tips for Business Growth

July 12, 2021 No Comments

Executives from S’well, Jersey Mike’s, Verizon and Toshiba share insights on the seemingly questionable strategies that yielded tangible benefits for their companies and customers.

Counterintuitive tips to grow business:

During tough economic times, instead of slashing your budget, invest in your brand.
Give products away for free to build good will with consumers and summon buzz.
Recognize that an engaging customer experience can sometimes be delivered better virtually than in person.

In business, sometimes what at first might not appear to be the most logical course of action can in fact yield surprising benefits.

That’s what executives from S’well, Jersey Mike’s, Verizon and Toshiba Global Commerce Solutions discovered.

At S’well, a maker of sustainable, fashionable water bottles, giving the product away for free turned into a powerful tool to generate awareness and build the business. At Jersey Mike’s, investing in promotion and store remodels during the pandemic was a winning strategy for the sandwich chain. Verizon, meanwhile, discovered that in-person meetings are no longer necessary, and Toshiba believes that being memorable by making connections creates a more lasting impression than “doing something crazy.”

Here, executives from S’well, Jersey Mike’s, Verizon and Toshiba share how the companies took what otherwise might be viewed as conventional business wisdom, and turned it on its head to drive results.

Sarah Kauss, founder and executive chairwoman of S’well. — S’well

S’well: Give your products away for free

Sarah Kauss, founder and executive chairwoman

When S’well was just starting out, I quickly learned the power of getting our bottles into the hands of as many people as possible—from retailers and conference attendees to media and influencers. By creating opportunities for people to experience the beauty of our products first-hand and be delighted by their performance, we generated a groundswell of buzz that delivered meaningful partnerships and sales opportunities.

[Read here on the difference between sales and marketing.]

Hoyt Jones, president of Jersey Mike’s Franchise Systems. — Jersey Mike’s

Jersey Mike’s Franchise Systems: Instead of slashing your budget in tough times, invest

Hoyt Jones, president

Many companies cut their budgets when faced with a downturn, whether it’s a recession or unexpected event like a pandemic. At Jersey Mike’s, we do the opposite. We believe companies that continue to invest in their brands during tough times come out stronger as they remain top of mind. In March 2020, the world practically shut down due to COVID-19. To provide financial relief and support for customers during this difficult time, we made a big investment in advertising to let people know about promotions for 50% and 25% off subs, as well as free delivery services. We wanted our customers to know we were open and operating safely.

Helping our communities was a top priority, and we invested heavily in TV time to invite customers in to support Feeding America. Over two weekends [in April and November 2020], we donated 20% of sales, raising more than $4.5 million for the organization, providing 45 million meals. These were some of the busiest days in Jersey Mike’s history.

Another example of this counterintuitive approach is choosing to continue our program to retrofit all 2,000 locations across the country despite fewer customers coming into the physical space of our stores. This roughly $175 million investment includes a brand-new look, along with operational improvements like adding a second make line [a team of workers that prepares virtual orders] to accommodate heavier digital orders.

As states begin to reopen, our sales continue to grow, thanks to the awareness generated throughout the past year. As customers return to our restaurants, we hear how they love our new look.

We believe companies that continue to invest in their brands during tough times come out stronger as they remain top of mind.

Hoyt Jones, president, Jersey Mike’s

Wendy Taccetta, senior vice president for nationwide small business and channel chief, Verizon. — Verizon

Verizon: In-person isn’t necessarily personal — sometimes ‘we know each other better by engaging virtually’

Wendy Taccetta, senior vice president for nationwide small business and channel chief

What was counterintuitive three years ago is now table stakes. We always think that great customer experience has to be personal. And that’s true. But personal doesn’t always mean in person. In a lot of ways, we know each other better by engaging virtually.

The most common thing we hear from business owners is that they have to be available when the customer needs them. That used to mean sitting in the office so they could find you. Now it means having an application like One Talk [which Verizon developed so that companies] can find who is available to take the next customer call no matter where they are physically. [It’s part of] the Complete Business Bundle we created in January to specifically address the needs and challenges of small businesses.

[Also], having a simple video call is not enough anymore. Now, we need the ability to chat, share documents and collaborate with virtual whiteboards. We’re helping businesses explore the ways they can create a signature experience in person or virtually because they will both be part of our future.

Fredrik Carlegren, vice president of marketing, Toshiba Global Commerce Solutions. — Toshiba

Toshiba Global Commerce Solutions: Take the ‘four Ps of marketing’ with a grain of salt

Fredrik Carlegren, vice president of marketing

Still to this day I hear references to the ‘four Ps of marketing,’ to which someone inevitably adds their own unique twist like, ‘Don’t forget that fifth P.’ Sure, there is relevance in the understanding of how product, place, price and promotion fit into the narrative of your business. But this all misses the point. Or perhaps stated differently, it ignores the more fundamental understanding that we are dealing with people, human beings. People that buy, that influence, that use. People who want to look good for their boss, have their own fears and aspirations and more. People who are skeptical, and others that are trusting.

[One takeaway is to] be memorable — but genuinely so.

‘Being memorable is easy—let’s do something really crazy,’ said someone, but not likely a serious marketer. They key is being genuine in this journey with you and your business fully and inextricably connected to your core mission and value, and by creating a deep connection between your brand and [your clients] and in how you strive to always put them first. You’ll be faced with numerous challenges large and small, expected and unexpected. Listen intently to the voice of your customer at every turn, then create the genuinely memorable experiences that will keep them coming back.

By Mark Hamstra

Sourced from CO

CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.

In News

Piggybacking Is the Viral Marketing Trend Putting Tat on Your Timeline

July 12, 2021 No Comments

By Bethany Fulton

“Get yourself an Ocean Galaxy Light” is the equivalent of tweeting “wow, this blew up, check out my Soundcloud”. But does it work?

Brands often ask the people marketing their content to make it “go viral”.

This, unsurprisingly, is no easy task – there’s a reason you don’t regularly see “Persil Non-Bio” trending on Twitter. However, brands have cottoned on to a new strategy that basically involves riding the coattails of something that’s already gone viral. That strategy is called “piggybacking”.

When a tweet goes viral, you’ll often see the original user tweets again, plugging whatever they want to plug (“wow this blew up! Check out my Soundcloud”). Now, though, you may see an advert for the kind of tat usually sold in a high street gadget shop, like star light projectors and slime.

Companies are approaching ordinary people on Twitter who just happen to have gone viral, and offering them cash or commission in exchange for the opportunity to piggyback their temporary Twitter fame. It always seems to be the same few companies, but what they offer to users in exchange for advertising space varies.

The legality of this practice is questionable, with online advertising regulations varying wildly across the world, but none of these tweets are marked as an advertisement. So are these viral tweeters actually getting paid? And if so, how much?

A huge star light projector, called Ocean Galaxy Light, is one of the products most frequently advertised using this method; @shaggavelli was offered £15 through Paypal to post two pre-written tweets about it. Vir Guards, which makes face masks, also offered £15. Standardized, an anime merchandise site, offered him a code through which he’d get a small commission. However, a month after his viral tweet, he’s yet to make any money from the link. “I’ve heard they sometimes give the person £5 first, then give commission, but personally I didn’t receive that treatment,” he said.

Some tweeters are offered promo work off the back of one viral tweet. Others do it more regularly. @engxl had already worked with brands when one messaged him about piggybacking off his tweet about an extremely magical old lady. Unlike others on Twitter, he was able to negotiate for more money and time limits.

Slime Clean is a gooey substance that you roll over a dusty keyboard or grimy car interior to pick up dirt. @enyxl was offered $20 (£15.50) to tweet about the product and leave the tweet up for 24 hours, but because he’d done promos with the Slime Clean representative before, “I asked him for $25 [£19.30], since I knew the tweet was gaining a lot of traction.” Slime Clean agreed and paid him through Paypal.

“If he wants it to be there for another 24 hours, it would be another $25,” @enyxl explained. “Galaxy Light approached me from their official Twitter account and asked what my price was to promote. Since I had already done one for $25, I asked for $30 [£23.15], and they paid me through Cash App. They never mentioned anything about recurring days, so I have an alarm set for when to delete the tweets unless I get compensated again.”

Pay-outs differ between users, with some getting more than others. @putinaspliff was also offered advertisements for Vir Guards and Ocean Galaxy Light for his viral tweet. But despite having around the same metrics as @shaggavelli when the ads went live, with roughly the same number of likes and retweets, he was offered substantially less by one of the brands. Why this was is hard to say, but it could simply be the brand testing just how little they can get away with paying.

Most users make a little money after firing off viral tweets – but those tweets aren’t specifically designed to appeal to advertisers. This is where the micro-influencer makes their entrance.

Unlike others I spoke to, @titanbaddie – real name, Sisa – is a pro. He regularly works with brands and has standards in place for the minimum he’ll accept. “My standard is $30 a tweet, but I’m adaptable depending on how big the brand is, and the expectations,” he says. “For example, I have brands that will pay me weekly fees to interact with their accounts, and those are normally brands that are trying to build online traction. Normally, when it’s a product, you’re paid per post, and normally when you [make] viral content they’ll reach out to you.”

Sisa explained that there’s a growing influencer culture in South Africa, where he’s getting work. At the moment it’s a new industry, and relatively unregulated, meaning influencers can make decent money if they work for it.

“I only recently started accepting promo offers from SA, because I just joined a promo team, but on some campaigns I’ve done before it can be anything from R250 (£11) a week to R2,000 (£95) for three posts, depending on how big the brand is and how long you work for them. I’ve been very lucky, in that I work with more international businesses and forums, so on an average week now I make about $200 (£154) from viral attachment tweets and paid posts.”

While there are clearly ways to make money from viral tweets, for the average joe who just happens to have blown up, it’s not going to be a big earner. As for the products themselves, I can’t find anyone who has actually tried them. Aside from one tweet from a parent whose kids enjoyed the Galaxy Lights, no one seems to be buying them. As for Slime Clean, the majority of tweets about it seem to be asking one question: how on earth are you supposed to clean the slime?

By Bethany Fulton

@bkafulton

Sourced from VICE

In News

Learn SEO with this AI tool that shows you what you’re doing wrong and audits your page

July 12, 2021 No Comments

Sourced from Mashable,

You can waste time reading hundreds of articles on SEO (which changes constantly, BTW), spend thousands of dollars learning the basics at school, or you can get access to a toolkit that breaks it all down for you.

With the GuinRank SEO content optimization tool, you can create content that Google automatically wants to rank. By running it through this AI tool, everything you publish will already be SEO-friendly. After all, since Google relies on artificial intelligence to rank and score web pages, it only makes sense to use AI to beat it at its own game.

GuinRank works by helping SEO beginners analyse their competitors’ keyword content and then providing ideas to write articles that easily result in the same search results. It features a keyword analyser (KA) that helps you understand exactly how hard it would be to rank for a search query based on the words you currently have. Then, you can adjust accordingly. It also features a content optimizer (CO), which increases your content’s relevance by simply recommending keywords to include within the sentences you already have. It will show you the top 20 Google results that pair with the subject of your content, so you can ensure your page ranks and shows up on search results.

See it in action:

GuinRank doesn’t just help show you which keywords to include in your content. It will even show you micro-niches on the internet that have little-to-no competition, so you can carve out a unique space on the web to get your content noticed and seen. You can even run your page through the page analyser tool, which will give you a Google score automatically, and show you what you can improve on.

A two-year subscription to this helpful tool is valued at $680. But, for a limited time, you can sign up for only $59.99.

Feature Image Credit: Good SEO strategy can bring you more online engagement. Credit: Caio / Pexels

Sourced from Mashable

In News

How to write an email subject line that could get you promoted

July 9, 2021 No Comments

Sourced from LADDERS

Your boss will open any email you send them. Your boss’s boss’s boss might not.

That’s a problem you want to fix. Your career could depend on it.

This may not be the reality at small companies, where a VP reads every internal email that comes her way. But at a giant corporation like Google, where I work, it’s simply the reality. Imagine unplugging for a week away with your kids, and then coming back to a mountain of laundry and 462 unread emails. That’s what a corporate VP is dealing with every afternoon.

Compounding this problem is that people on the corporate ladder are constantly seeking recognition for their work, because that’s the pathway upwards. You want that attention because you’re working on cool stuff! You inspired Engineering to fix the product and reduce customer care contacts by 12%, and that project might nudge you up to the next performance rating bucket at your annual review.

To get noticed, you must win a competition for attention. You must woo your corporate executive to open your email. You have but one chance to grab your reader’s attention, and that chance is your subject line.

Here are three things you can do to nail it.

1. Start with a call to action

When you email your boss’s boss’s boss, think of it as a marketing email. You are the product being marketed. And if you’re at all versed in email marketing 101, you know the first lesson in getting someone’s attention: You need a strong call to action.

A call to action asks the reader to do something — share, sign up, give feedback, or anything else. But so many subject lines lack them.

I’m high enough in the corporate ladder that I am someone’s boss’s boss’s boss, and as I look at the first 100 emails in my inbox now, I see that only two have a call to action. The remaining 98 are less action-oriented, like, “Thursday’s leadership meeting” or “Dashboard use cases.” That doesn’t urge me to do anything.

Use a call to action to inspire your reader to read on. “Thursday’s leadership meeting” could become, “Please add agenda items to Thursday’s leadership meeting,” and “Dashboard use cases” might be more interesting as “Please give feedback on dashboard use cases.”

Of course, the act wears thin if every email has a call to action; there are times when it is simply not needed. Use it when you really want your audience to respond or do something.

2. Emphasize what’s in it for them

Not every email to your boss’s boss’s boss should be about how great you are. But every email can display how attentive to detail you are.

Consider this situation: Maybe you’re emailing colleagues about the Intern Development Day initiative you led. You might be tempted to write “Intern Dev Day” as your subject line — but that’s a missed opportunity to serve your audience (which might include that VP you want to impress).

Instead of announcing “Intern Development Day”, take it a step further to clarify why the reader should care about this Intern Dev Day in the first place. Maybe your senior VPs can leverage the cool idea the interns came up with and apply it to their own business strategy. In that case, the subject line “Interns thrive during Dev Day; leverage their efficiency ideas” signals to the reader what’s in it for them.

If you want to go a step further, don’t send a mass email at all — instead, customize the email for different audiences. If you are writing to the VP of the finance department, for example, your subject line might be, “Help our interns implement Dev Day idea to reduce costs by 2%.” When a senior executive has hundreds or thousands of people in their org, chances are they’ll be most interested in emails from those who offer a direct way to help them, save them time, or save the company money.

3. Declutter the subject line

If your VP has 462 unread emails, you can bet that she isn’t prioritizing what I call the “game of telephone subject line.” It reads like this: “FWD: FWD: FWD: RE: FWD 1:1 Agenda” — even if, deep down on that thread, there’s evidence of the strong relationship you’ve built with Sales.

If you’re about to forward an email up the chain, get rid of that stuff! Consider your subject line like a blank canvas.

If this email is important enough to send to someone senior, gently knock out that FWD: FWD nonsense and utilize the precious real estate for something more enticing like, “Great progress on Sales relationship.”

Changing the subject line also makes it easy for others to send your email up the chain. After all, most weeks you are not emailing your boss’s boss’s boss directly. However, if you change the subject line to something with more allure, you nudge your boss one step closer to passing your email along on your behalf. That has even more weight: Now your email also has your boss’s vote of support.

With tactics like these, you’re doing a lot of work in a small space. You’re grabbing attention with a call to action, emphasizing what’s in it for your recipient, and getting to the point without clutter. Most importantly, senior leadership is paying attention to your awesome work. That will pay dividends during your performance review.

Sourced from LADDERS

This article originally appeared in Entrepreneur.

In News

10 Innovative Ways Brands Can Leverage Facebook And Instagram Stories

July 9, 2021 No Comments

Sourced from Forbes,

Facebook and Instagram have been incredibly effective marketing channels for quite some time. Now, brands can also leverage the Stories feature on both platforms to create deeper connections with users. Stories often offer more interactive options than regular social posts, and companies can use this to their advantage by creating unique content that captures the attention of consumers as they scroll through their feed.

As with any social media marketing, coming up with a solid strategy is the key to seeing the strongest returns on investments in this particular area. When it comes to utilizing the Stories feature on either platform, brands have a wide spectrum of effective approaches to choose from. Here, 10 members of Forbes Agency Council explore some of the most innovative ways companies can leverage the content they share via Stories to better connect with consumers.

1. Maintain The ‘Human Touch’ To Make Stories More Approachable

The key to making the most of Stories is maintaining the “human touch.” With so many interactive features, such as polls, questions, custom stickers, etc., Stories can be more approachable and fun than an average post. You can also get away with toning down your brand voice and introducing a more laid-back vibe, while still delivering eye-catching and informational content. – Russ Williams, Archer Malmo

2. Use The Shopping Feature And Post Time-Sensitive Promotions

Instagram now allows brands to use a shopping feature on their Stories. It will let the audience see the product details and price, and if they press it, it will take them to the page on the website where they can purchase the product. Stories disappear after 24 hours, so brands can post time-sensitive content, such as promotions that their audience can’t miss. – Jonas Muthoni, Deviate Agency

3. Create Stories That Enhance Your Online Customer Relationships

If you think of Stories as an extension of the relationship you have with your customers on Facebook and Instagram, note the things that attract the most engagement on your pages. Use this information to create Stories that serve as “teaser” content to increase the fun factor or to show one aspect of your brand in a playful way. Or, cross-pollinate Clubhouse activity with your Instagram stories. Authenticity is key. – Megan Devine, d.trio marketing group

4. Use Paid Advertising To Extend The Reach Of Your Stories

One great way for a brand to leverage Facebook and Instagram Stories is to create and post vertical-friendly content as their Stories, then promote those Stories to larger audiences using paid advertising. In doing so, the brand’s Stories are not only available for longer than 24 hours, but can also then be shown to new, relevant demographics. – Jonathan Durante, Expandify Marketing Inc

5. Use Interactive Features To Gain Audience Insights

Stories are an effective way for brands to connect with their audiences in real time. Instagram and Facebook Stories have features that allow brands to gain insights directly from their followers. Try using tools such as polls, question stickers and quizzes to gain an understanding of your audience and immediate feedback on their preferences and insights. – Jason Wulfsohn, AUDIENCEX

6. Expand On Other Social Posts To Extend The Life Of Creatives

A Facebook or Instagram story can be used to expand on other social posts from the brand to extend the life of a single creative. If the original post is about an article, a story can highlight multiple text excerpts from the article with imagery to add more description. A story can also show a sequence that led up to the final image of the highlighted post and provide context and background. – Jessica Hawthorne-Castro, Hawthorne LLC

7. Let Influencers Collaborate On Or Take Over Your Stories

Stories are like a conveyor belt of content. What starts out as innocent scrolling through a friend’s content quickly turns into a steady flow of Instagram Stories and advertisements that can be viewed with just a swipe up. Influencer collaboration and takeovers are a great way to use Stories, along with polls and questions that encourage interaction. – Joe Gagliese, VIRAL NATION

8. Tell Unique Stories Through Carousel Ads

Using carousel ads in the Stories format on Facebook or Instagram is a great way to tell a unique story through three back-to-back images or videos. Businesses can use these to share three parts of a story or follow an “attention, benefit, action” format to increase performance. Story ads work amazingly because they appear in vertical format and take up the entire mobile phone screen, ensuring that the ad is seen. – Brian Meert, AdvertiseMint

9. Chop A Larger Piece Of Content Into Smaller Pieces

Take a larger piece of content and chop it into smaller pieces. For example, a recorded Facebook or Instagram Live stream could be chopped down into a Reel on Instagram, Stories on both platforms and even a regular News Feed post. As far as specific content for Stories, posting inspirational quotes, customer testimonials, quizzes, polls and other peoples’ relevant content can all work to create a solid narrative. – Christopher Tompkins, The Go! Agency

10. Give Viewers A Behind-The-Scenes Look At Your Culture

Facebook and Instagram Stories offer a great way to show a behind-the-scenes look into what’s happening at the company. This will give viewers a look into your company culture and give them a sense of belonging and transparency. You can take it one step further and start your own company show on Stories with live streams. – Stefan Katanic, Veza Digital

Sourced from Forbes

In News

Social Media Seems Like the ‘Holy Grail,’ But This Marketing Strategy Is Even More Important

July 9, 2021 No Comments

By Laura Perkes

The often overlooked tactic enhances reach, raises brand awareness and drives new customers and clients to your business

Picture the scene: It’s 2021, and the enormity and popularity of digital marketing is providing entrepreneurs with a plethora of opportunities and the ability to tap into an audience of hundreds of thousands, if not millions, of potential customers, all at the push of a button.

When Facebook first launched back in 2004, it really was the first of its kind. Before that, we had MySpace and a few other platforms I’ve never heard of (Friendster or Hi5, anyone?), but none of them had managed to make the impact that Facebook did, and still does.

Since Facebook, we’ve seen the launch of Instagram in 2010 and TikTok in 2016, plus the addition of Instagram Reels in 2020. Not to mention other platforms such as Snapchat and Clubhouse, all giving us access to a wider audience.

In the past 19 years, we’ve all had the luxury of being able to communicate directly with our fans, customers and potential customers in a way that has never been possible before. But before the advent of social media, businesses and brands were built the “old fashioned” way, using more traditional marketing techniques, such as advertising and face-to-face networking.

Social media seems like the Holy Grail

When the world became more digitized, tools such as online advertising, pay-per-click and email marketing grew in popularity and gave entrepreneurs and brands alike the chance to reach an even wider audience. Data was easier to track and metrics and insights enabled you to calculate your return on investment.

For many entrepreneurs and startup businesses, social media seems like the Holy Grail. Not only do you get to build an audience and interact and engage with your followers, but it’s also completely free at the point of entry. Of course, you can now invest in adverts across all social-media channels, but for someone completely new to the business world, social media is a sensible place to start.

Yet there’s a missing piece of the puzzle here. A modality that’s as old as time, but a powerful force when it comes to sharing messages, raising brand awareness and building on the know-like-trust factor. And that’s public relations.

Everything you say and do is PR

Public relations exists so that you can communicate with your audience. If you Google “public relations,” you will find Wikipedia’s definition: “Public Relations is the practice of deliberately managing the release and spread of information between an individual or organisation and the public, in order to affect the public perception.”

So, essentially, everything you say and do is PR, but the platform in which you share your message changes. The tools you use to share your message changes. But the message remains the same. Your audience, generally, stays the same, yet where they hang out may change, based on the launch of new platforms, or the increased popularity of existing platforms, such as YouTube and podcasts.

YouTube first launched back in 2005 and podcasts launched a year earlier in 2004, yet they’ve only really exploded as a business tool over the past few years, giving entrepreneurs and startups the chance to create easy-to-share and easy-to-digest content that their ideal clients will love — content that can then be repurposed across social-media channels.

Back in 2004, when I first started my career in PR, there were really only three types of media outlets to pitch to: print titles, TV and radio. Online titles were seen as the poor relation to print, so we rarely bothered pitching to them as clients didn’t see the value in them — oh how times have changed!

However, because there was less choice, it made it easier to build relationships with journalists and work on features and content ideas with them. Over time, the media landscape has changed, and online started to make a huge impact and podcasts and YouTube channels became prime real estate.

Now, there is way more choice when it comes to gaining exposure, so while you may not consider social media, YouTube or podcasts your typical media outlets, they’re still consumed by your ideal clients, still covering topics that complement what you do, and they still have a ready-made audience of loyal fans that you could (and should) be tapping into. How? Quite simply, by pitching.

One piece of content can be shared and shared again

The way you’d pitch yourself to a podcast host is the exact same way that you’d pitch yourself to a journalist. That is a PR tactic and a skill that publicists have been honing for decades. Now, one of the utterly brilliant, yet often overlooked, powers of PR is that you can take one piece of content and deliver it to millions of people in one go. No other form of communication enables you to do that.

It may take time to build and execute your PR plan. You may not see anything published or broadcast for three to four months, but when it lands, it’s well worth the wait, as your content has the potential to be seen or heard by hundreds of thousands, if not millions, of potential ideal clients and customers. Just think about the circulation of a print publication, then triple it to get an average reach.

Think about the audience size of a podcast, then think how many extra people you can reach by sharing it across your social-media channels. And then think about how many extra people you will reach when the host shares it across their social-media channels. All of a sudden, one piece of content can be shared and shared again, leaving behind a digital footprint and breadcrumbs that can lead even more people to your business.

This is another reason why PR is such a powerful and influential tool — because what you do now is searchable forever. PR isn’t always easy to measure, which potentially adds to its downfall in the ROI stakes, but it’s still a tactic that should be employed, and a muscle that should be flexed, as part of your communications strategy.

PR is yet another way of transporting your business and your expertise to a wider audience, an audience that has been built up and cultivated for decades, that already knows, likes and trusts the outlet and the content they produce.

So, next time you decide to put all your eggs in one basket and focus all of your attention on one particular marketing tool, or one particular platform, ask if there’s a more efficient, more effective way of sharing your message to drive hundreds of thousands, if not millions, of new customers to your business. The answer, in case you missed it, is PR.

By Laura Perkes

Sourced from Entrepreneur Europe

In News

Facebook Launches Substack Rival Bulletin

July 8, 2021 No Comments

By Antoinette Siu

The social media giant is creating its own newsletter, taking aim at Substack and Twitter’s Revue

Facebook launched its independent newsletter Bulletin on Tuesday, as competition heats up against rivals Substack and Twitter-backed Revue. Writers and creators including Malcolm Gladwell, Tan France and Erin Andrews are among its initial recruits.

In an audio livestream, CEO Mark Zuckerberg introduced Bulletin as a platform “focused on empowering independent writers, helping them reach new audiences and power their businesses.”

“The goal here across the company is to support eventually millions of people making a living doing creative work,” Zuckerberg said.

Facebook presented Bulletin as a way for writers to monetize their following, and Zuckerberg said they will not take a cut “at launch.” Writers will have full ownership of their work and subscribers and be able to publish free and paid newsletters that can be distributed across inboxes and the Facebook platform.

Facebook said it will continue to recruit other writers to cover topics from sports to medicine. With the debut it also adds high-profile recruits including writer Mitch Albom and journalists Jane Wells and Jessica Yellin.

The initiative is part of the company’s ongoing Facebook Journalism Project, and Facebook has said it will allocate at least $5 million to “support local journalists” that apply and get accepted for its newsletter product. The newsletter lives outside of the Facebook platform.

This isn’t Facebook’s first foray into cloning successful products on the market by putting its reach and money behind new projects. In January, the tech giant introduced podcasts and live audio streams in the U.S., its answer to Clubhouse and Twitter Spaces. Spotify also has its own service called Greenroom.

For writers and journalists seeking a newsletter home, it may come down to the size and scale of the social network. They may find an advantage to Facebook and Twitter’s reach, while Substack offers a fresh take with convincing growth.

Substack had 12 million readers a month and 500,000 paying subscribers as of April, according to Politico. Twitter reported 199 million daily active users, while Facebook had nearly 1.9 billion daily users. Twitter, which acquired Revue earlier this year, takes a 5% cut in subscription fees, but writers can control whether their work is free or paid. Substack reportedly offers six-figure advances to recruit high-profile writers.

By Antoinette Siu

Sourced from THE WRAP

In News

Going With Your Gut Can Result in Better Decision-Making Than Using Detailed Data Methods

July 8, 2021 No Comments

Sourced from Neurosciencenews.com

Summary: People who trust their gut instinct with simple decision-making strategies make equally as good, but faster, decisions as those who rely on data methods alone.

Source: City University London

Managers who use their gut instinct together with simple decision-making strategies may make equally good, but faster, decisions as those who use data to reach an outcome, a new study has found.

The report, co-authored by academics at the Business School (formerly Cass), King’s Business School, and the University of Malta, finds that the reliance on data analysis in decision-making might be counterproductive as this reduces decision-making speed without ensuring more accuracy.

The research, based on information from 122 advertising, digital, publishing, and software companies, finds that using data to inform decision making under high uncertainty is often not optimal. This may explain why 12 different publishers initially rejected the opportunity to publish “Harry Potter and the Philosopher’s Stone’ – because it had no data to inform its potential.

A recent survey revealed that 92 percent of Fortune 1000 companies were reporting increased investment in data initiatives, although it appears this may not always be necessary.

The authors asked managers how they made decisions on their most recent innovation project, including the extent to which they used data, instinct, and other simple heuristics (mental strategies). The findings outlined that among those decision-making methods were:

Majority—choosing what the most people wanted
Tallying—picking the choice with the greatest quantity of positive points
Experience—selecting the option that the most experienced individual on the team wanted.

Managers were asked whether they think they made the right decision and how fast they were in reaching that decision. Results showed that managers relied on their own instinct as much as data, using ‘tallying’ more than any other metric.

This shows a woman surrounded by questionmarks — Results showed that managers relied on their own instinct as much as data, using ‘tallying’ more than any other metric. Image is in the public domain

Dr. Oguz A. Acar, Reader in Marketing at the Business School and co-author of the report, said: “This research shows that data-driven decision-making is not the panacea in all situations and may not result in increased accuracy when facing uncertainty.

“Under extreme uncertainty, managers, particularly those with more experience, should trust the expertise and instincts that have propelled them to such a position. The nous developed over years as a leader can be a more effective than an analytical tool which, in situations of extreme uncertainty, could act as a hindrance rather than a driver of success.”

About this decision making research news

Source: City University London
Contact: Luke Lambert – City University London

Sourced from Neurosciencenews.com

Neuroscience News posts science research news from labs, universities, hospitals and news departments around the world. Science articles can cover neuroscience, psychology, AI, robotics, neurology, brain cancer, mental health, machine learning, autism, Parkinson’s, Alzheimer’s, brain research, depression and other topics related to cognitive sciences.

In News

Risking It All: How Brands Take On Social Issues

July 8, 2021 No Comments

By Jake Fichman

The world’s largest brands are winning the hearts and dollars of consumers in ways thought unimaginable just a decade ago. According to a Kantar study, 68% of US consumers expect that the brands they shop be clear about where they stand concerning social issues. Furthermore, Millennials and Generation Z top the charts in demanding that consumer brands go far beyond their utilitarian provisions, and get their hands dirty in engaging with the world’s hottest issues.

Outdoor goods store REI shocked the public nearly a decade ago by taking a stand against consumerism by literally closing their doors on Black Friday. Coining the campaign #OptOutside, the brand led with its values in place of its revenues and showed its customers that REI stands for more than the bottom line. Every year since REI has closed on Black Friday, yet the company’s revenues continued to hit record highs.

Ben and Jerry’s ice cream proved to its customers that the iconic brand is worth more than a tasty treat. While their product line stands clear and defined, the executives of Ben and Jerry’s found the trending wave of consumer concern for their dollar to go-to brands that mean more than profitability. The ice cream giant has found itself at the center of conversations and influence in social issues such as global warming, Black Lives Matter, Israeli-Palestinian debates, and marriage rights in America.

While global brands are spreading influence and giving up profits, other companies are taking it to even greater heights; some are investing millions into their leadership’s chosen issues. Airbnb took a stand during the Trump Administration by dedicating its empathy and dedication to refugees halted at the border. Aired during the Super Bowl, Airbnb pledged to provide short-term housing for over 100,000 displaced people. Furthermore, the brand promised to prove its compassion by donating $4 million to the International Rescue Committee in a campaign titled “We Accept.”

Following this successful campaign, on June 17, 2021, Airbnb announced the launch of a $25 million fund to support refugees and asylum seekers.

Other brands such as FUBU, Spanx, and Nike have been leading their industries for years by using social media channels to amplify their stances on social and political issues. Challenged by a younger, more concerned consumer base, these brands are forced onto the stand to testify about who and what they support.

While the general consumer once expected brands to fulfill a basic need, leaving social issues to politicians and NGOs, today the average shopper first researches the fundamental beliefs and social stances of their favorite brands. This attention to a brand’s character and identity finds its climax across social media channels where the world’s largest consumer brands can track trends of brand appreciation or antipathy in real-time.

US brands appear to be leading in today’s global fight for authority and brand value, putting their profits and consumer base at risk at the fear of falling into the shadows of consumer interest. Among their efforts, brands commit to:

Sacrificed profits for the sake of social justice
Use of digital assets to voice opinions on hot topics
Donations of millions of dollars to NGOs that stand for change
Purchasing of ad space to tie their brand name to a movement
Adjustments to ingredients and inputs to state their brand’s purity

When brands carry out social good campaigns properly, the benefits of sacrificed profits are exceeded by an increase in customer loyalty and positive engagement. While younger consumers show the highest sensitivities to a brand’s stance on a social issue, it’s apparent by the efforts and span of companies’ advertising efforts that they clearly see the return on vulnerability.

Feature Image Credit: Photo provided by Airbnb ad shown during Super Bowl 51

By Jake Fichman

Jake Fichman serves as international Media Advisor to the Prime Minister’s Office and is the Founder and CEO of Goldfish Marketing Agency in Israel. Originally from the USA, Jake specializes in international communications and strategic messaging.

Sourced from The Times or Israel

In News

Dream First, Details Later: How to Quit Overthinking & Make It Happen!

July 7, 2021 No Comments

By Ellen Bennett,

Ellen Bennett is the founder and CEO of Hedley & Bennett, an apron and kitchen gear brand that outfits many of the best chefs in the world. Since starting the business in her L.A. home, Ellen has grown H&B into a multi-million dollar business. They have collaborated with Vans, Madewell, Chrissy Teigen, and artist Takashi Murakami, among others and create uniforms for 4,000 restaurants and coffee shops all over the U.S.

Below, Ellen shares 5 key insights from her new book, Dream First, Details Later: How to Quit Overthinking & Make It Happen! (available now from Amazon). Listen to the audio version—read by Ellen herself—in the Next Big Idea App.

1. Start before you stop.

When you have a big idea for something exciting that nobody else has seen, you just have to begin. Don’t let yourself get caught up in all of the details—that will make you go into analysis paralysis. Decide what you’re going to do and start. It’s not going to be perfect, with everything in its right place. It will come together further down the road, but not by you sitting around noodling on it. So, get going, begin, and worry about those details later.

2. Humble your enthusiasm.

When you are first starting out, you’ve got to get people jazzed about what you’re doing and whatever it is that you are trying to bring into the world. The way I’ve found that to be possible is by not bragging—so don’t say how grand you are and how awesome your idea is, but simply take a very humble approach. Bring humility and excitement together to create humble enthusiasm.

“Don’t say how grand you are and how awesome your idea is, but simply take a very humble approach.”

It’s about talking to somebody the way that you would talk to your friend or neighbor when you’re so pumped to share some cool thing you found, or some new idea you discovered. That is what that feeling looks like, versus when you’re walking in a mall and someone’s trying to sell you cream or hair straighteners, and you cringe and pull away because you feel like a transaction, not like a human. Nobody likes feeling that way.

So, use humble enthusiasm when you are trying to get your ideas off of the ground. Share your thoughts, but be very open to feedback—and that is where the humble part comes in. Be able to talk about your idea, and when people give you their two cents, you can listen, wholeheartedly take that in, and do what you want with it. More people would be willing to have conversations about the thing that you’re doing if you share it with such joy that the listener can’t turn you away.

3. How I deal with “No.”

To me, a “no” is not a “no.” “No” is a signal to turn left or to turn right because the path forward is not the right direction at this moment, and that’s OK. It’s very similar to a sign painted on the outside of our building here in Los Angeles that says, “If the front door isn’t open, climb in through the window.” A “no” is a door that is closed, but there are windows out there, and you have to find the right window to keep moving. So don’t take “no” as the end of the road. It’s simply the signal to pivot left or to pivot right. Don’t throw in the towel just because somebody decided that, at that moment, they weren’t ready for what you had to offer.

“If the front door isn’t open, climb in through the window.”

4. Crashing and learning.

One of the biggest leaps of faith that I took in starting my company, Hedley & Bennett, was when I took my very first order of 40 aprons. I didn’t have a company, truly. I didn’t even have a business plan, but I suddenly had a customer, and I needed to deliver on that. So I got those first aprons out the door, and while I can’t say that they were perfect, if I hadn’t begun, I would still be standing there staring at the idea of maybe one day starting an apron company. Because I started, because I began pushing forward, I was able to push that out into the world and evolve it, continually making it better until it was a perfect product. I had started with a minimum viable product, pushed it out, and then kept changing it. So don’t be afraid to make mistakes—when you are starting out, that is 1000 percent part of the journey. You cannot have successes without failures. You cannot learn or succeed without some crashes. So be willing to lean into the falls, find the thing that gets you excited, and do that thing.

5. Wake up and fight.

Every day you are driving your life car, and it is up to you to figure out which direction to go, and to not stop. You have the gift of life today, and you don’t know if it’s going to be around tomorrow, so you need to fight for all of it, go out there with gusto, and think about what you have instead of what you don’t have. Push forward, create the energy that you need to create the money, the opportunities, the path, all of it. It is on you and for you and to your benefit. The more you believe that you can do this and the more that you show up and try, the farther down the road you will get. So don’t for a second think that you are not capable enough—you absolutely are. We are all here, and so lucky to be alive. Wake up and fight, and never stop doing it.

To listen to the audio version read by Ellen Bennett, download the Next Big Idea App today:

By Ellen Bennett

Sourced from Next Big Idea Club