www.1001TopWords.com |
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.
|
RELATED ARTICLES
Dont Treat Your Business Like a Casino It's amazing how many people are jumping into the internet marketing business. The good news is that the pie is pretty unlimited so we can all get a nice slice. The bad news is that most of the people I encounter are thinking that they can buy some "miracle" product, sit around and money will show up. Online Sales: How To Use Customer Feedbacks To Generate More Sales Communication is the engine that powers business. The REAL Secret to Building A High-Profit Internet Business My wife laughs every time she sees me doing it. Forming Profitable Joint Ventures You won't be involved in Internet marketing long before you see the term "Joint Venture." Perhaps you are familiar with the term from its application in the business world but don't see how it would apply to Internet marketing. An Internet Marketing Solutions Company Confesses a) An internet marketing solutions company tells you that they're going to have Google index your website in 2 days? Consumer Confidence Increased With Paypal In the last year I have met people that have tried to market their products on the internet. They have spent a significant amount of money on email marketing, pay per click advertising, safe lists and more. A majority of these people became disillusioned because their revenues from sales of their products were less then their advertising budget. They became very confused since their website statistics reflected a significant increase in hits which did not correlate to the number of sales. A Powerful Selling Tool on the Net - 3 Factors To Apply The Internet is a powerful selling tool. Never before has itbeen easier to start a business, be able to reach out toliterally millions of potential customers and make yourbusiness succeed. Scam And Scheme Free Advertising For Your Business Web Site Since I own my own business web site and have looked for many ways to advertise cheap and for free, I have noticed how many sites there are out there that will try to get you to either join or buy advertising in one form or another. There are sites out there that will promise you the moon if you either join their "viral marketing" scheme or site that will cause your email box to become inundated with email ads from others who have fell for this. A Person Of Value One of the "secrets" in Internet Marketing is knowing that you need to be patient enough to develop the kind of business building savvy that people want. It takes time. Marketing to Today?s ?Distracted? Consumer The average person today is exposed to a never-ending deluge of 1,700 marketing messages during a single 24-hour period. Look around you, we marketers have pasted, integrated injected and/or overlaid advertising in any possible place imaginable! Case in point, NBC will start to digitally insert commercial "billboards" into advertising content to be broadcast during the winter Olympics ? in essence a commercial within a commercial. What to Sell on the Internet? The phenomenal growth of ecommerce lures more and more people to dream about starting an online business. The question that bothers many and restrains them from realizing their dream is what to sell on the Internet. Internet Marketing Secrets Spiel Wouldn't you like to know all the Internet marketing "secrets" that have made me the man I am today? Subconsciously Command Your Readers To Buy Tell your readers what they are probably thinking, feeling or doing as they read your ad copy. This strategy will usually trigger their own subconscious mind to bring out these feelings or actions. How to Turn Your Articles into a Viral Traffic Stampede By writing articles you can send targeted traffic to your website at any time without paying a single cent. Articles are one of the best online marketing investments you can make because you write them once and they send you instant visitors each and every day. The more articles you have circulating the internet, the more targeted traffic they will send to your site. Seven Tips For A Successful Internet Marketing Campaign Often there can seem to be very little difference between two marketing campaigns. However the difference between average marketing and profitable marketing is immense. Here are my 7 tips for ensuring success from your marketing campaign. When Is An Ad Not An Ad? One marketing technique used by advertisers old and new is to conceal sales pages as something else. 8 Excellent Ways to Sell Your Back-end Products More Successfully! A back-end product is a product that you attempt to sell to your customers after they have recently purchased a related item from your business. Selling back-end products is an extremely effective way of boosting your profits. It is a lot easier to sell products to those who have already bought from you than to seek out new customers. Of course, it is extremely important that you have a steady flow of new customers but it is also important to keep up with older customers and always be looking to lead them to make another purchase. If you make transactions on your website a good experience, older customers are very likely to look to do business with you again. It is your responsibility to persuade them to make that decision. Here are 8 ways to sell your back-end products more successfully: The 9 WORST Internet Marketing Mistakes Have you ever wondered how can you possibly figure out how to market your Internet business when you're bombarded with so much conflicting information? Lots of "how to" advice applies to many online businesses. Hype! Has The Internet Gone Too Far? I remember back in the 1980s (history for many of you reading this), I had a friend working at the University of California who had access to the Internet through the University system. It was new, it was esoteric, it was for academicians, nerds, and professional scientists. How To Find Deep Discount Pro Online Marketing Tools You can't row a boat without an oar or build a house without a hammer. And, you can't build an online business without essential Internet marketing tools. Sadly, thousands try (unsuccessfully) everyday. |
© Athifea Distribution LLC - 2013 |