Schulich Executive Education Center July 22-24, MarCom Seminar Day 3: MarCom 2.0 for Competitive Advantage © Detlev Zwick, PhD July 24, 2009 Detlev Bio • Schulich School of Business, Marketing professor • Research, writing, teaching (Exec, MBA, BBA) • Consulting – – – – – 2 Vattenfall BMW, UK Board of Education, City of Providence, USA Toronto FC Various start-ups (with various success) What we will do today • Discuss how communication value (through customer value) is generated and delivered in a Web 2.0 world • Effective web-based communication tools – Brand engagement w/o push • Develop an online marketing communication plan – Things you can do tomorrow At the end of this day, you should be able to…. • Understand the fundamental change of MarCom in a web 2.0 world • Describe the various online communication tools and their role in MarCom. • Have a set of online communication recommendation for your organization. Customer Feedback • “Today’s marketing world is broken…We are still too dependent on marketing tactics that are not in touch with today’s consumer” – Jim Stengel, Global Marketing Officer, Procter &Gamble • “Used to be, TV was the answer. The only problem was it stopped working sometime around 1987.” – President GM North America • “Broadcasting an ad on television or in a newspaper is admitting you have no idea who your customers are.” – Gary Loveman, CEO, Harrah’s 21ST Century Marketing Challenges • FRAGMENTATION!! – Attention – Demand – Social Communication So, together • Fragmentation, Long Tail, Social Communication makes reaching and keeping the attention of your customer ever harder. Common cures? Problem is • You still interrupt… Let’s look at the Web 2.0 Tools • • • • • • Search engine marketing Viral marketing Online Forums, Wikis Blogs (incl. Audio, Video) Email Online retailing/Website Strategies Search Engine Marketing • 3 types – organic search marketing (results based on algorithm) – pay-per-click search marketing (results based on auction system) – social search (based on collaboration of consumers) Search • #1 Rule: • Speak your customers' language. The Future of Search • Search will continue to evolve and increase in relevance • • • • Snap.com (uses click stream info to augment results) Visual enhancement (Mooter, Kartoo) Blog Search (Technorati, Google, Yahoo) Image search (Flickr and others) • • • • • • Search engine marketing Viral marketing Online Forums, Wikis, List Serves Blogs (incl. Audio, Video) Email Online retailing/Website Strategies Viral Marketing (buzz, word-of-blog) • Grobe and Voltz! – The Diet Coke and Mentos guys on Eepybird.com • GoldenPalace and Shattner’s kidney stone! • Snakes on a Plane! • • • • • • Search engine marketing Viral marketing Online Forums, Wikis, List Serves Blogs (incl. Audio, Video) Email Online retailing/Website Strategies Some Wikis/Forums • Intuit: taxalmanac.com (top 20 wiki site in US) • EBay: ebaywiki.com • Tivo: tivocommunity.com (not built by Tivo!) • Mike 2.0 wiki (BearingPoint) • • • • • • Search engine marketing Viral marketing Online Forums, Wikis, List Serves Blogs (incl. Audio, Video) Email Online retailing/Website Strategies Blogs = Word-of-Mouse • Comes in – Text – Video – Audio • • • • • • Search engine marketing Viral marketing Online Forums, Wikis , List Serves Blogs (incl. Audio, Video) Email Online retailing/Website Strategies Simple: Opt-in and Recommendation Only • Email is disruptive almost by definition. • So, almost by definition, it’s spamming. • BUT: can be very targeted, timely, and relevant. • • • • • • Search engine marketing Viral marketing Online Forums, Wikis , List Serves Blogs (incl. Audio, Video) Email Online retailing/Website Strategies Content is King • Webmaster not King • Graphic designers not King • Advertising creatives not King Example: NRDC (.org) • Lots of news, resources, and information – In audio, video, text – Online publication – Links to laws and treaties • Provides platform for others to contribute • Spread the message: – Provides widgets for download and links for Bloggers – Provides ‘badges’ to be placed on blog. – Provide support for Squidoo lenses Web 2.0 amounts to: • A new medium that is as influential as CNN and the New York Times Mapping Digital Communication Consumer Marketer Marketer Consumer Mapping Digital Communication Consumer •Retail sites •Banner Ads/Links •Email/Spam •News Releases •Blogs/Online forums •Search Engine Optimization •Viral/social marketing Marketer Marketer Consumer Mapping Digital Communication Consumer •Social search •Third party and retailer evaluation sites (e.g. epinions.com) •Blogs •Wikis •Social networking sites Marketer •Retail sites •Banner Ads/Links •Email/Spam •News Releases •Blogs/Online forums •Search Engine Optimization •Viral/social marketing Consumer Marketer Mapping Digital Communication •Social search •Third party and retailer evaluation sites (e.g. epinions.com) •Blogs •Wikis •Social networking sites Consumer Marketer •Link building •News releases •Blogs/Online forums Marketer •Retail sites •Banner Ads/Links •Email/Spam •News Releases •Blogs/Online forums •Search Engine Optimization •Viral/social marketing Consumer Mapping Digital Communication Consumer Marketer •Search •Email •Company-owned product evaluation sites (beta) •Blogs/ Online forums •Knowledge management •Feedback sites •Link building •News releases •Blogs/Online forums Marketer •Social search •Third party and retailer evaluation sites (e.g. epinions.com) •Blogs •Wikis •Social networking sites •Retail sites •Banner Ads/Links •Email/Spam •News Releases •Blogs/Online forums •Search Engine Optimization •Viral/social marketing Consumer Let’s Recall: what is MarCom all about? • Reaching customers What is different about Web 2.0 MarCom? Web 2.0 Communication: Shift the Frame • From consumer to the moment (the many moments) of truth that occur when the customer interrupts you! Why do consumers interrupt? THOUGHT LEADERSHIP!! Link online strategy to marketing business strategy Pressing Questions • How do my consumers you the web 2.0 touch point? • How do I meet my customers' needs at this touch point? • What questions do my customers have that I need to answer meaningfully? • How do I answer? • What do I do next? Action Plan: Harness the Power of the New Rules 1) Become buyer-centric 2) Become a thought leader 1) Become customer-centric – Describe your buyer personas – Identify the solutions they look for – Develop ways to be interrupted – Recommend ways to become more customercentric 2) Build Online Thought Leadership – Describe your expertise – Analyze you and competitors web content – Benchmark – Recommend steps to become a thought leader Final Thoughts