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Four years ago, most people were pretty happy with their cell phones. They were slim, they slid or flipped and they had sexy names like the RAZR. Today if university students don’t have a smartphone, they probably refer to their phone as a “dumbphone.”

 

According to reports published in May, overall, cell phones sold 19% more in year over year sales, but Smartphones were increasingly becoming the default purchase. Sales of Smartphones increased 85% year on year.  That statistic is amazing.  Consumers are flocking to devices that allow them to consume media anywhere and access the internet from anywhere. Cell phones already outnumber TV sets 3 to 1 according to BNET. This isn’t a trend. It’s a mobile revolution.


cloudcomputingComputer curmudgeons might tell you that cloud is just a buzzword for keeping your information offsite (think Google Docs, rather than installing Microsoft Word), but as cranky as those curmudgeons are, they do have to admit there are a lot of cloud business benefits.  Is the cloud right for your business? Here are 8 reasons why the cloud is good:

1. No more “I dropped my laptop. All my data is gone”: Sure you could back up, but how many of us back up as often as we’re supposed to? Cloud servers keep and maintain much more regular backups than the average user.

2. It’s much cheaper to get started on the cloud: It used to be that businesses had to maintain servers in their offices to manage the connections between their computers and their data. When you go cloud, that information is stored offsite, meaning you don’t have to pay for a server.


blackboardYou’ve probably seen this already. A list of 11 life lessons that they don’t teach kids in school. Normally attributed to Bill Gates, sometimes from a speech he gave at MIT, sometimes to a small group of kids in a California high school. The list is a long standing favourite online and has been forwarded and passed around so many times, its origins have become apocryphal.

Turns out Bill Gates didn’t give this as a speech at a high school or MIT. In fact he never said any of these things. These 11 rules have never even been a speech!

After a little digging, I found out these rules are an excerpt from an op-ed piece by bestselling author Charles Sykes. Originally there were 14 rules, but the last three are usually omitted because rule 11 is particularly punchy. Since 2000, this particular bit of text has been attributed to everyone from Kurt Vonnegut to Atlanta state representative Brooks Coleman. Over the years references have been changed and the salary amounts have increased, but what hasn’t changed is the core of the message.


life supportThe way people use the internet is changing.

Most people don’t even make it all the way through a YouTube video before they lose interest and go onto the next thing.  When you get a long email, do you read the whole thing or just skim the relative parts? Twitter is massively successful because the 140 character limit boils updates down to only the most essential details. Meanwhile, more and more websites are offering interactive chat as a customer service tool. Internet users today are more than willing to spend a few minutes chatting to a real person, but they’re not interested in trying to read a long FAQ…

Online behavior tells us internet users are rapidly becoming more impatient but conversely, they’re far more willing to interact and to get engaged on a one to one basis with companies online.

So clearly this means the website is dying.

Did I lose you? Let’s think about this for a second…


hatesocialmediaA lot of people say that social media is the future of marketing. Maybe, but that doesn’t change the fact that a lot of people who should be using it to market their businesses hate it.

Marketing and PR used to be about refining a specific message and pushing it out to people – the terms were through interviews, press releases and the information the company provided. Unless you wanted to do something very involved, the only spaces to talk about a company were spaces that company controlled.

Social media marketing is the exact opposite of that system. Today, anyone can talk about a company in a completely open forum, and people can even impersonate your company. Everyone remembers the hilarious and fake BP Twitter account that popped up during the oil spill @BPGlobalPR, and tweeted gems like “Black sand beaches are very trendy in some places. We upgraded you, Gulf of Mexico.”

All laughing aside, if your business is on the negative end of social media, it can be bad news. Maybe this is why so many in the business world are still not quick to warm up to social media as a marketing platform. Even if your business can start a positive conversation, it’s still spreading by word of mouth and the message can be lost.

In a nutshell, it’s impossible to completely control what people are saying about your business over social media and that lack of control scares a lot of executives and business owners. Worse yet, social media marketing is spread all over the web. Customers who follow your business on twitter might not even know you have a Facebook page, read your blog or watch your YouTube videos, or even want to.

That’s why we created the 1to1Real™ social spaces tool. It lets a business put all of their social media feeds into a single hub. You can link to the social space from your website and automatically let your customers know where your Twitter, YouTube, Facebook, LinkedIn, Flickr (etc, etc) content is. They can visit your social hub to see your entire message at once, and get linked automatically to your accounts if they want to follow them or explore deeper.



measuring cupsOne of the most important things any business is measurement. You have to know if you’re spending money wisely. We at CMAEON think it’s important too - so important we list Measurement as one of the three “Ms” you need to make your business effective.

However, the question that comes up a LOT is how can you measure the ROI on social media?  Are you reaching customers or just making noise?  Sure you can measure how many people are clicking your links thanks to platforms like Hootsuite, but how many clicks does it take? How many friends or followers are real, passionate brand advocates? How much do you have to engage before you make the sale?

Unfortunately, there isn’t a realistic scale for measuring how effective each click, friend or follower is. Each of those measures represents an individual.  As anyone in sales knows, everyone needs a different level of comfort before they are willing to buy your product.  So does that mean you can’t measure ROI at all? Is social media just a black hole?

Digital Media Analyst Brian Solis wrote a very in depth article about a study Bazaarvoice and the CMO Club recently conducted a survey on social media.
Almost all the Chief Marketing Officers surveyed indicated they wanted measurable ROI out of their social media strategies. 53% were unsure of their return on Twitter, and 15% believed there wasn’t any ROI. 1 in 10 figured there was no ROI from LinkedIn or Facebook.  HOWEVER, those same CMOs reported a 400% increase in twitter comments to inform decisions about products and services, a 59% increase in customer reviews and ratings and a 24% increase in the use of social media for pre-sale Q&A.

So… how can you know that people are talking about your product, but be unsure of the value of the medium where they’re talking about it? It all comes down what you’re actually trying to measure.

Driving a conversation around your brand creates awareness and back of mind recognition. It might not create a sale every time (or even every 1 in 100 times) but it provides value all the same.  If customers feel they can trust your brand and trust the people behind it, when they do want to make a purchase the awareness is there, no matter what the product. Every marketer in the world will tell you that brand awareness is something to strive for. You could make anything from software to soft drinks and still need to make people familiar with your brand.

So, of course you should be measuring social media! Measure it quantitatively: how many people are talking, where they’re sharing and who they’re telling. But keep in mind your social media goal shouldn’t be to drive sales, it should be to drive conversations and awareness. Social media is conversation marketing; it expands awareness, engages people and creates personal relationships between consumers and brands. The worth of a real, one on one relationship is almost impossible to measure, but that doesn’t mean it's not valuable.


trapOne of the most popular CRM solutions in the world will tell you to automate your sales force, ditch the software and get your reps selling instead of administrating.  Sounds good, right? Except for one small hitch… what if you’re the sales force? What if you don’t have reps, managers and executives to automate?

A small business with only a few sales people (or only a single sales person) probably isn’t so bogged down that adapting a traditional CRM solution that reduces paperwork and greases the information wheels will really do anything for them.   Most small businesses run lean – the sales department isn’t usually so disconnected from the logistics department that CRM solutions will make them more efficient – sales and logistics are probably sitting next to each other. They might even be the same person.

What a small business needs to do isn’t automate their non-existent sales force; they need to create something that functions as an automated sales force!  There are many things that someone in sales has to do every day:  nurture leads, send information, follow up on sales calls, and remind people of sales, promotions, deals… the list goes on. If a small business could automate those tasks, sending information, follow ups, and incentives automatically, the time consuming grunt work of selling would give them more of their time back. Time they could spend making deals.  A small business doesn’t need software or solutions, it needs a robot.

That’s where CRM and small businesses disconnect – traditional CRM can make those processes more efficient, but it doesn’t do them for you.


Image: CRM could be a trap... image by Petrichor, Flickr

For better or for worse, it has been proven over and over again in the last two years that everything and everyone in the world is connected.

Of course, we are all connected in the online ecosystem, plugged into each other with social networking sites, search engines and blogs. The unprecedented scale at which we freely share information about ourselves has given rise to a new concern – are we are too connected? Do we really want people to know all about everything we’re doing all the time? We are connected economically, as we all learned too well during the economic meltdown. Seemingly unimportant defaulting mortgages in the US began piling up, and all at once, people began to realize the bad debt had crept into the whole system like a cancer - weakening the entire global economy; causing job losses from Detroit to Denmark.  The environment connects us all – the volcano in Iceland reminded us of that too – one tiny place disrupted the whole world – stopping people, goods and money from making the journeys we’ve come to rely on for our survival.

Almost everyone now recognizes that the world is now, and forever Connected in an economic, environmental and social ecosystem.  Then again, many of the corporations, regulators and businesses of the world, small and large… but mostly large, already knew this.  Some of them abused the ecosystem for wealth and gain at the expense of everyone else. These companies and individuals – the Goldman Sachs, the Bernie Madoffs of the world - have been decidedly internally, individually motivated.  They used the forces of regulations, legal manipulations and governments to create their profits -while the rest of the world was the unaware participant – duped into helping, and then left to clean up the mess.

To be blunt, this stinks! Nobody likes to be tricked, but the recent chaos has a bright side – people now understand that we have to overcome a crisis.  We understand, at our roots, we have to build a solution.  We have to reclaim our connected ecosystem and make it our own. We have to use the interconnected nature of the world and turn it into a tool to help all of us, not just a select few.  We have shape the connected ecosystem into a Connected Market Space.

A business today, in any sector, exists for the purpose of rapid response – transmitting candid, accurate information to all sides - not just inside the organization.  This is more commonly known as the triple bottom line - people, planet, profit, or the "three pillars".  The triple bottom line is about being truly, a custodian of this planet - a business seeking to profit, should be finding positive connections and fulfilling a purpose.  If you are in any kind of business you will affect other people – so the responsible and smart thing to do is to connect to the world in a positive way.

It’s not hard create a Connected Market Space and use the ecosystem for good. The Connected Market Space is, at its meaning, the connection of any enterprise, to any market, with accurate, open and honest information.  How do you know you’re really connected? It’s not just about advertising and using Twitter – it’s about making meaningful connections that make the world a better, more useful place. When is a business using its power for good? A business in the Connected Market Space demonstrates that: Clients and business know more about each other
  1. Clients and business can trust  each other
  2. Each party has accurate information
  3. Everyone can  carry on a conversation
  4. Everyone can complete a transaction safely
When you’re connected responsibly, positively and fulfill a purpose, no matter what you do, you’re using the power of the Connected Market Space.

Do you still pay $3.00, $5.00, $10.00 per minute for international phone calls?  Ever hear of Skype?

Of course if you were a business person who was paying $5.00/ minute for a phone call (if you still use the phone at all with email, SMS and your Blackberry in hand) you'd be working for the Government and have an unlimited budget.  Oh wait, Governments are cutting back and getting smarter too...


Twitter

The latest and greatest online buzz marketing tool seems to be Twitter.  It's all the rage. Business guys like me are wondering though, will it stick?  Obviously, no one really know - so a better question is this: Does it matter to your business?

In today's economy - especially in sectors like Real Estate, Mortgage Banking, or Health Care - transition, uncertainty and economic challenges facing the future of said sectors make business models look more like a Rorschach Test than a Harvard MBA based case study.


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