Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Tag: marketing (Page 1 of 3)

The State — or Lack of a State — of Marketing Analytics

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How does one assess the landscape for an exploding technology category like marketing analytics? There’s so much confusion and hype around the topic. You’ve heard it all — too much data, we’re drowning in it, woe is us. And, along with that, too many vendors trying to sell us the latest cure. First we were shocked to hear the number of vendors was 1000, now we’re told it’s 2000! The argument that all these vendors create too many data silos is now a refrain we’re hearing more often. Hard to argue with that.

With such high numbers of players comes confusion, and complexity.

But it begs the question: how in the world do you unify all your marketing data to understand it and gain a competitive edge for your organization? Will a platform or single vendor solution emerge? Some of the big players like Oracle, Adobe, and Salesforce are certainly trying, opting in a big way for buy vs. build. (These three have led a frenzy of acquisitions in the marketing technology space.)

Yet significant roadblocks still exist to widespread adoption of marketing analytics in business today — and for companies to extract real value from it. The lack of data science skills we’ve all heard about by now till we’re blue in the face — it’s the “sexiest job title in the country,” blah blah blah. Big shortages, universities scrambling to launch graduate programs, etc, etc. But should  this technology really require a PhD in every marketing department and agency in the land? That simply doesn’t compute! Why can’t there be more solutions, more tools, that marketers and general business folks — regular Joes and Janes — can use? Why does it all have to be so complex?  Continue reading

DEMO Spring 11: Just have to shout-out about the “People’s Choice Award” winner — GutCheck!

DEMO-GutCheck A fitting end to my blog coverage of the great DEMO Spring 2011 event last week is one about a personal favorite of mine that pitched at the event: GutCheck. They're about "Real-time qualitative market research."  I spoke to these guys several times at the conference but, unfortunately, in the rush of things, I never audio-recorded one of our chats.  But, being a marketing guy through-and-through from early in my career, this one rang the bell for me as soon as I heard about it. Turns out it rang a few other bells, too.  In fact, it rang the gong!  GutCheck won the big-enchilada prize of them all: the "People's Choice Award," which gives them $1 million in media value from IDG. To say these guys were elated would be an understatement.GutCheck-logo

GutCheck is about providing "consumer insights in a matter of minutes." They didn’t think it was fair that qualitative insight was reserved just for those with big budgets, big resources, and extended timelines. So, in 2009, they "leveraged the Internet and other technologies to blow up the market’s conventional wisdom and create an on-demand tool for gathering insight." GutCheck’s goal is simple: to be the leader in DIY qualitative market research. "By making qualitative research accessible to the masses, we're giving marketers and others the unique opportunity to surround any of their ideas, concepts, strategies, etc, with feedback," the company says.

The attendees of DEMO themselves vote for the People's Choice Award — as opposed to the DEMOgod awards, which are awarded to one company per category (so five total). I immediately posted the list of DEMOgod winners to my event live-blog — they were announced on stage just prior to this award. No one quite seems to know who those darn DEMOgod voters are, but everyone knows that GutCheck got voted for their award by the folks in the audience. That's pretty darn convincing. GutCheck obviously impressed. And I loved what CEO and cofounder Matt Warta (left in the photo) said from stage: "We love startups!"  What he's referring to is the special appeal of their service to early-stage firms, which by nature hunger for feedback from consumers or end-users.

How fitting: at an event for startups, a presenter that makes life easier for startups to find their mojo and go to market more effectively, wins the big award.  Friends, it doesn't get any better that that!  Congrats to Matt, and to Marshall England (head of marketing), holding the check at right in the photo — you guys rocked it!

                                                                                                                     

Podcast: A Chat with the Founders of MN Startup Lawyerist.com

Lawyerist-logo I had the pleasure today to sit down over coffee with the founders of a content site for attorneys called Lawyerist, based in downtown Minneapolis: Sam Glover (left in the photo) and Aaron Street. I met Aaron at a recent monthly lunch meeting of Club Entrepreneur, which is run by my colleague Rick Brimacomb. Lawyerist-founders And, today, I had the opportunity to meet Sam, whom I learned continues as a practicing attorney as well. What I find so interesting about this content site, in addition to it being founded by attorneys (whom you’d not normally think of as having a bent for publishing or content), is that it actually has a business model, with real revenues, based on a subscription offering it launched in January. It’s attracting some leading contributing writers, as well as a significant amount of traffic for such a early-stage business.

Listen in — it’s about a 20-25 minute conversation. Here’s the MP3 file:

Download or listen to Graeme’s interview with the founders of Lawyerist.com(MP3)”.

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The Book That Rules in Marketing & PR, Now In Its 2nd Edition

NewRules-Mktg+PR-2ndEd Without a doubt, David Meerman Scott is one of the people I most respect in this business. He's also my favorite author and speaker, and a great friend. (Heck, he's even a surfer, and sends me cool pix of some of the beaches he visits in his world travels!)  David is the guy that inspired me to finally realize that what I am is a "content marketer" and "brand journalist." He's the ultimate champion of people like me — and my hero, for sure.

I was lucky enough to get David to speak at the October 2008 meeting of our Social Media Breakfast-Twin Cities (which, by the way, has grown to be the largest SMB group in the country). We offered a free copy of the first edition of his book The New Rules of Marketing & PR to all those attending, thanks to a generous sponsor.  David packed the house, was a huge hit, and the Twin Cities became an even hipper PR and social media town than it already was… 🙂

So, I was delighted to hear that the Second Edition of the book is now available. "It's gone through an extensive rewrite," said David. "Of course, I've checked every fact, figure, and URL. DavidMeermanScott But I've also listened. In the past two years, I've met thousands of people like you who have shared stories with me, so I've drawn from those experiences and included many new examples of success." 

He said these new stories and examples are even more valuable and timely than the original ones. Thus, even if you've read the first edition, he promises you'll find many fresh ideas in the second edition.

"When I was writing the first edition of the book back in 2006," said David, "Facebook was only available to those with a .edu email address (students and educators), so I didn’t feature Facebook. And Twitter didn’t even exist at the time I was researching the first edition. So I have added extensive new information and examples on Facebook, Twitter, and other social media sites." Since the term social media has become so strong in the past few years, it's not surprising to now see it in the book's subtitle.

The power of the ideas David talks about in The New Rules of Marketing & PR propelled the book to the BusinessWeek bestseller list and kept it there for six months. Another stat that blew me away is that it's been the number one public relations book on Amazon for approximately 910 days. My gosh, that's more than two and a half years!  David still says he's stunned.

(A few links: David's blog, Web Ink Now, is ranked in the AdAge Power 150 as one of the top marketing blogs. Also, here's the direct link on Amazon to the Second Edition of "Rules"… and a page with links to all the online bookstores where David's books are available.)

When David launched the first edition of The New Rules of Marketing & PR (via Wiley), he pioneered a tactic that attracted the attention of hundreds of bloggers, typically overlooked by marketers at the time. Since then, the book has garnered numerous awards, been adapted at universities and in politics, has been translated into 24 languages, and even sparked the idea for a series, "The New Rules of Social Media." More importantly, as his Wiley publicist points out, the book has provided a hands-on manual for new marketing. "Marketing campaigns have never been the same, and a new decade brings new opportunity to connect online with buyers and communities."

The New Rules of Marketing & PR explains how to harness the power of the Internet, how to identify the right audience, create compelling messages, and get those messages directly to your targeted community — with powerful new tools such as Twitter, Facebook, LinkedIn, YouTube, and more.

David says the underlying message of the book remains the same: "The tools of the marketing and PR trade have changed. The skills that worked offline to help you buy or beg or bug your way in are the skills of interruption and coercion. Online success comes from thinking like a journalist and engaging as a thought leader."

Right on, David!  I can't wait to dive into my copy of the second edition.

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