SUMARKETING591
This is a class blog for Seattle University students taking Marketing 591 Summer 2011.
Tuesday, August 9, 2011
What I learned . . .
What did I learn....
This class also showed me a very important new business rule: world of marketing is the most effective marketing strategy. People don’t believe what commercial and sales man said, but they willing to listen other users’ opinions and feedbacks. A good review is much more useful than a fancy commercial. Meanwhile, a good review alone is not good enough. We have to find right talkers and give them right tools to help us spreading the positive messages. At the same time, we should give people topics to talk about us frequently and we should join their conversations, to be part of them. It’s one of the best marketing classes I have ever had in SU. Thanks Joe!
Three Things I Learned
Think first, not last – WOM should not be an afterthought in an organizations marketing plan, it should be at the forefront. The fact is, WOM can be targeted much more precisely and gain a much higher ROI (in the usually business sense) than other marketing techniques. While those other techniques are still important, WOM can generate much more committed customers and they will spread that commitment. Likewise, Look to social media to find out what’s not working. There’s often a great deal of information about what in your marketing plan is working or not if you open your ears and listen to what others are saying. And remember, join the conversation!
Use the tools – Don’t limit your organization to one or two WOM vehicles. Some vehicles might seem like more viable solutions than others, but almost any organization can use all the various social media tools in one way or another. Non profits, car companies, restaurants and software makers can all use Twitter, Facebook, YouTube, LinkedIn, etc. Obviously, they will approach them in different ways, but there is such a broad and varied user base for these platforms that, if you are smart about the message, know who your target is and engage with them when they engage with your business, you can reach the right people to spread that message much farther and faster than traditional marketing.
Key Learnings
Prior to this course, I did not consider Social Media to be anything more than an afterthought in the arena of marketing and business in general. These classes have been instrumental in opening up my eyes, becoming aware of just how power social media has become, and certainly how much room there is to grow. Small business and large ones alike are learning how to harness this incredible medium, and simply put, 8 weeks ago I had no idea. This understanding was brought to life through your teachings and many of the videos/readings we went over.
2. Real Life Applications
Understanding the issues is one thing, but learning how to apply them is even more important. Seeing how different companies have utilized the tools of social media, and working on our own projects provided a great creative outlet to explore these concepts. Moreover, I will be using what I have learned to continue to grow my small business's social media footprint in the future - hopefully I can get some more accomplished over summer break! Moreover, I honestly feel that I could take what I have learned in this course, and go to a company with limited social media use and try and carve out a position to lead such a charge. I know for a fact I have taken no other class in my life that has given me more real world application, so I thank you for that - sincerely.
3. Purple Cow - The essence of remarkable: The 3rd main concept more important to me that I took from class was this idea that social media has lead us back to the business. Social media has literally put a larger microscope on us all, and a big giant megaphone to boot. I think that is better for us all and business in general. We should be concerned about our products, we should be concerned about delivering great customer service. Social media is taking the spin, smoke and mirrors out of the classic world of advertising and replacing it with clarity, consistency and mass communication. Now customers have an equal share of the footing in the marketplace, I believe that will drive our businesses to become stronger than ever, with products that hopefully will amaze and delight us.
Thanks for a great class Joe.
Sincerely,
Ernie.
What I Learned in This Course:
Prior to participating in this course, I had a somewhat distorted view of what social media really consisted of. When I heard the term “social media” I linked the phrase to Facebook and Twitter and held the notion that social media was more of a social outlet for younger generations to interact with one another. I considered myself somewhat disconnected from what I perceived to be social media.
This course taught me the true meaning of the term. Over the past several weeks I have learned how social media encompasses so much more than social networking sites. This is where I began to realize the power of word of mouth marketing and social media tools. (e.g. forums, consumer reviews, mobile media, etc.). I also began to realize how heavily integrated I was with these tools without even knowing it.
As the course progressed I also began to realize why social media has become such a relevant conversation in the business environment. With the emergence of new technologies and changing social behaviors, marketers must be extremely savvy and creative in reaching new markets. Learning and understanding word of mouth marketing and being able to effectively utilize social media tools will give marketers a competitive advantage in this changing environment.
After entering the course with some reluctance, I can say that I now believe the topics I learned in this course will be extremely valuable in my future personal and professional life.
The power of being remarkable
Several weeks ago I flew an airline I'd not flown before, and was blown away by the experience. The waiting area, mood lighting on the plane, comfy seats, personal entertainment system, and general service was far and above superior to other airlines I'd flown. In short, the experience was remarkable, and I told family and friends right away. I immediately became a fan after one trip. Last night I was booking a business trip for travel next week, and of course went to this new airline. Unfortunately their systems went down for the day, and I couldn't book until last night. Once I did book, the reservation disappeared, and I could not tell if I had a ticket or not. Panicking (because of the usual 7 day window), I called the service line, only to be kept on hold for 45 minutes, and then told by a rep that she couldn't tell me anything because the systems went down again. Frustrated that I wasted so much time, I took the their Facebook page and sarcastically thanked them for the experience. Here's where the lessons from the class kicked in.
I was amazed at the number of fans who leapt to the defense of the airline. After reading other comments and replies to my own post, I actually felt a little guilty for posting what I did. The fact that this company has made a product so unique and remarkable that their fans defend them even during periods of poor service speaks volumes to the power of word of mouth. A message from this class is "be remarkable and your customers will do your marketing for you." This experience absolutely hammered that point home for me.
What I learned in class…
People don’t talk about boring companies. You need to be remarkable. Remarkable doesn’t have to be expensive; it just needs to be different from everyone else. You can differentiate your product (be a purple cow) or your customer service. Whichever it is, do it well and give your customers a good reason to talk about you. Anyone can be remarkable (even salt), you just need to put some thought and effort into it.
Join the conversation. The conversation is going on even if you are not participating. You need to join it in order to say relevant.
Be genuine, authentic. Social media is not a place for marketing speak. Be genuine and authentic. Your customer can tell the difference. Also, respect others by following your own morals and ethics when it comes to social media. Generally this means disclosure, honesty and respect for others.
Great class….I definitely recommend it.
What I learned from MKTG-591 (WOMM)
First, I learned how to use social media in a proper way. It’s no doubt that social media becomes part of our lives, especially for people who were born in and after millennial generation. However, it has both positive and negative impact. There are some people trying to use it as a tool to make benefits without concerning about the negative impact that will affect to them and other people in the society. Therefore, it’s important to keep in mind that the way we interact in social media world will affect to personal and professional life. Everyone has to be responsible for what they are doing in social media world.
Another thing that I learned from the class is to be interesting. It is similar to what Andy said about Word of mouth marketing. If you want to be a successful person, I believe that you have to make yourself interesting and up-to-date no matter who you are and what you are interested in. This will make people love you and worth to follow you.
The most important thing that I really like about this class is to be creative. Rather than solving problems in traditional ways or propose same old thoughts, you, Joe, always allow students think outside-the-box, look for the possible future, and come up with ideas that should be realistic and applicable for future business. This enhances my thinking process by both perceiving creative ideas from my classmates and learning to think in different ways and seek for other alternatives.
Monday, August 8, 2011
What I learned in this class
Another concept I learned, which kind of struck me by surprise, was my total concurrence with the thought that nearly every business needs social media. People are going to talk, and it’s just a matter of whether you want to join the conversation. Through facebook, Twitter and YouTube, companies can communicate with their customers and address questions and issues in a more efficient many than ever before. This enables them to increase customer service. On the other hand, if companies don’t use it, or use it in an inappropriate way, it will damage their customer service.
The third is the understanding that we are just scratching the surface for how social media will change the way we get information. It has already changed in that people are not interested as much in going to get their information, but they want it brought to them. The amount of efficiencies that can be gained from social media is incredible. It will be exciting to see how everything changes even in the next five years. The change shows no signs of stopping, so we can expect more efficiencies and improvements. Some that follow what the customer wants, and some that show customers what they should want.
All of these things contribute to my understanding that WOM and social media is way more important than I thought before I took this class.
Social Media Marketing
A major issue moving forward for social media is worry over whether it becomes spam or not. I think this is a valid concern and companies need to figure out how to balance their activity on social sites. Making a lot of posts on your Facebook page might lead to more views, but it can also become information overload. I’m part of a group page for an organization on Facebook and actually turned off receiving updates from them because it happened too frequently. I was being spammed with email updates sometimes twice a day in one instance. Companies need to balance staying relevant with being courteous to their users.
What I learned in this class...
1. Ethics can make or break you social media marketing plan. Ethics should be the #1 thing discussed when developing a Social Media Marketing plan - including policies and training. Hopefully, if all companies use ethics, social media won't become spam.
2. Social media can be a great asset to small companies with small marketing budgets. Social media marketing is essentially free which makes it perfect for small businesses. Large business almost overlook it since it doesn't cost anything and they always want balance sheets and direct ROI figures.
3. Social media is easy...but it's complicated. Using social media for marketing can be ridiculously easy, and complicated at the same time. The companies that get it do great things with it. The companies that don't stop believing in it. It requires you to know your customers which is something a lot of companies overlook.
4. Social media isn't just for Farmville - its serious business. A lot of companies overlook social media as stuff teens use or people play games on. They don't take it seriously. They should.
Thanks Joe! Great class!
What I learned...
I also learnt about the importance of ethical issues associated with social media marketing, latest mobile capabilities in marketing and futuristic technologies like augmented reality and soo. Overall I found this subject to be extremely valuable as it helped me a lot to come up with today's technology and marketing techniques.
What I learned from this class
I learned so many things in this class, from the differentiation of many social media tools to how those tools can be integrated to fit the business purposes. The class used a good combination of exercises, such as: in-class group discussions, individual strategic report, team presentation, and book reviews, that tested the students' knowledge of the materials taught in class and that stretched the students' creative thinking skills. This class is not an easy-A class, but this is definitely a fun class to take.
Lastly, Joe Barnes is a very great teacher and speaker. Having to go to class and stay awake for 3.5 hours in the summer can be very hard to do, but Joe made his classes very interesting and full of unexpected surprises. I really recommend other students, especially those who are in the Seattle University's MBA program, to take this class. I hope that I can take more classes with Joe or attend any of his seminar in the future.
What I learned from the course
After this course, I also realized that marketing is not just useful for those who are hired to promote and sell products but for other entities and individuals to gain attention in all aspects of businesses. I think marketing is not necessarily about what you are trying to sell, but also what you are trying to convey and how you manage the reactions and views of other people for the advantage of your business and purpose.
Sunday, August 7, 2011
What I Learned
It was also useful to hear about the latest mobile marketing capabilities and futuristic technologies like augmented reality. The class did a great job mixing traditional marketing strategies with social media and new technologies. I learned a lot about Seattle Light Rail too!
Saturday, August 6, 2011
What Did I Learn From This Class
Friday, August 5, 2011
Lessons from Word of Mouth Marketing
I think one of the biggest takeaways for me is that marketing, specifically utilizing word of mouth strategies, is fun, and that I have fun doing it. With business and with my current career, I can't say that I'm all that enthused about where I'm slotted to end up (sitting in my little corporate cubicle with a pricey SU MBA); however, this class really spurred my interest to see what else is out there that might actually play to my creative strengths and permit me to actually use my brain in a non-robotic manner. I'm sure it isn't all fun and games, but I think that working in marketing and working with people that are excited about particular products brings a spark of life back into work.
Secondly, I think a valuable lesson from this course is to be honest and true to yourself, no matter what. Obviously when you help market products for a company, it is illegal to lie and cheat the system, but it's amazing to note how many people still do it. It is important to make a name for yourself honestly, so that you can have a reputation of integrity and trust with your clients and with your employer and co-workers. People who are dishonest usually get caught, and it can do a whole lot of damage. When your company's products and profit are at stake, you better make sure that you've got your ducks in a row. The consequences of misbehaving are far too grave, especially when the whole world is watching on the internet.
Finally, I learned that every product has a story, and it just needs to be told correctly. With my individual project, I was working with a family business that has produced a great product, but its story wasn't up to snuff. Some people knew about it, liked it, and talked about it, but it wasn't enough to make an impact. Great marketing is all about creating a conversation, and if this family can get the conversation started about their winery, they will be off to a great start. They just need to learn to tell their story in a better way, and social media supplies great tools to do that.
Takeaways from this class...
Tuesday, August 2, 2011
What I learned...
One of the most important things I learned is how much people want to be a part of a group. This is both in the sense of being a fan of a certain product, company, or service and also in the sense of why people are so drawn to social media networks. This theme came up throughout the course, whether it was regarding word of mouth marketing, socialnomics, or simply being part of facebook. The need for connection and camaraderie is something we can all identify with and I learned that social media marketing is not about exploiting that, but rather developing that relationship in a genuine way. Along these lines, I learned how powerful and life-changing a real-time inventory of our lives is. As we learned in Socialnomics by Eric Qualman, the “What am I doing with my life?” question reveals itself pretty starkly with social media. I learned what this means personally and for a company’s life.
I learned about leverage and simplicity in new ways. Leveraging what is already available in new ways is always a good lesson as is not overlooking simplicity, especially in word of mouth marketing. I learned about the participatory nature demanded from companies or organizations by the client and how this only compliments social media, giving it even more credibility and empowerment. I learned more than I thought I could about the social media platforms and how to use them in extraordinary ways for a variety of industries.
It has been my experience that people think they know a lot about marketing, but what they really know is a lot about bad advertising and traditional marketing gimmicks. I get the same dismayed reactions with unsolicited advice whether I am telling people I am going into politics or marketing…and that is an indication of the state of marketing from the past decade. However, I believe that social media marketing can turn these stereotypes of bad advertising as marketing into relationships and total consumer engagement as marketing.
Active lifestyles and rewarding lives
Locally, the Big Sky Ski Education Foundation (BSSEF) and the Bridger Ski Foundation (BSF) are the organizations at the two main local mountains to offer recreational and competitive ski programs to the community. Their respective missions are to provide the opportunity for kids to engage in healthy competition, good sportsmanship, and experience the mountain environment. The focus areas are Alpine (racing), Freestyle, and Nordic competitive events. The benefit of these programs is development of individual effort and a sense of accomplishment, as well as developing a long-term love of the mountain environment. The benefit to an increased partnership with Round House is that the partnership reaches both the kids and their parents, and is in-line with Round House's core values of a knowledge and passion for the sports.
The Spare Room & the food bank!
Cause Marketing for Home Depot
A creative cause of marketing concept for Home Depot is to partnership with ACEEE, American Council for an Energy-Efficient Economy, a non-profit organization. The campaign will be 2% of every purchase on Home Depot electrical appliances section will go to support research programs that advance and deploy energy efficiency technologies, policies, programs, and behavior as a means of promoting economic prosperity, energy security and environmental protection. Every household member, who has environmental concerns, will realize how important of the researchs from ACEEE organization for their future generation, so this partnership idea will impact on their purchasing decisions.
Both Home Depot and ACEEE can benefit from this program. Home Depot will not only increase its sales, but also be able to take advantage from the research programs for their future products. In addition, Home Depot can increase their brand awareness to their customers in term of Eco-friendly retail stores and products. On the other hand, ACEEE can have another channel to raise the funds to support its projects and build a relationship with one of the largest US distribution channels in home products.
To spread the words, tweeting the campaign on Facebook and Twitter, as well as adding banners on website will increase awareness on social media. Posting blog about ACEEE current projects will let people know about what the organization is doing and what should be concern in term of energy efficiency. It would be great to keep people, who are in the campaign, up to date about what ACEEE are doing and what they are going to accomplish.