Viral 101: Apples Says "Yes"

The story currently spreading like wildfire comes from American icon Apple.  Apparently, someone got way ahead of himself and purchased an iPad 2 without consulting his wife. And we all know the perils of not reaching consensus with our significant other before making major decisions.

As fate would have it, Apple allows folks to return merchandise. On his comment card in the space to tell Apple why he was returning the device he wrote, “My wife said, ‘No.’”

Imagine his surprise a couple days later when he received a mysterious package from Apple. In it was a brand new iPad 2 with a card from Apple that said simply, “Apple says, ’Yes!’”

It reminds of the classic Nordstrom story where an elderly woman went to her local store to return a set of used tire chains. In Nordstrom’s famous form that stresses customer service above everything else, the service manager gladly took the chains and refunded her money. What makes this so historic? Nordstrom does not sell tire chains! Never has.

These are examples of customer engagements from which legends are borne.  They tend to be epic in nature and generate extraordinary viral buzz that create customers for life. As a marketer, there is very little I can think of that has a greater impact than that.

What have you done today to delight a customer and make them a customer for life for your business?

The Quest for Simple

I’m always amazed at how difficult we marketers try to make things.  Instead of getting to the most concise, easily consumable messaging, go to market strategy, marketing plan, etc., we attempt to turn what we do into a game of one-upmanship where the winner is the one who can take what should be very simple and build it up with countless layers of complexity. It’s almost as if we believe our value to marketing is directly proportional to how complex we can make something.

I found a great animation that illustrates this point.



Ironically the most brilliant people I’ve met throughout my career are those who do the opposite by taking complex issues or ideas and breaking them down into easily consumable chunks. To me, that is what we as marketers should always strive for.

Getting to Simple

When you feel a discussion spiraling out of control, it’s important that you step back and look at what you’re trying to accomplish from your consumer’s point of view, because ultimately everything you do is intended to somehow impact your existing or prospective customers.  I know this is often much easier said than done, but if you can be the voice of reason it will pay dividends.

The most important attribute to consider when taking consumers into mind are the emotional triggers that drive their buying decision, brand affinity, or sentiment (i.e., psychographics). Knowing the attributes that relate to personality, values, attitudes, interests, or lifestyles provide the best basis from which to steer your discussion. This becomes a bit more difficult when dealing with B2B marketing, but ultimately those decision makers, influencers and stakeholders have a blended set of psychographic variables that canvass their collective personalities. And, just like B2C, business buyers always start with a problem, want, or need as they start down the path to buying your product or service.

Especially today when our target consumers are overwhelmed with stimuli from a plethora of touch points, it’s critical that everything you do resonates in the most basic way that can be easily digested and ignites that spark to your brand, product or service.  Success means that you keep the pursuit of simple at the forefront of everything you do from mapping the internal process to accomplish a desired outcome to succinctly getting your message to its intended consumers.


Be a Champion of Change


I recently read an interesting blog posting on Fast Company titled: Better Business Through Changing Behavior. Although the theme of the blog was how companies such as the US Postal Service and Schindler Elevator Corporation changed their customers’ behavior to drive major innovations, I think it speaks to the need for us as marketers to heed his major point summarized in the following quote: “I don't think there's a shortage of remarkable ideas. I think your business has plenty of great opportunities to do great things. Nope, what's missing isn't the ideas. It's the will to execute them.” In other words, we need to recognize that change is needed and have the courage and conviction to drive required change.
One of the struggles that I often see marketing organizations face is the belief that what worked in the past will work unabated today and in the future.  All too often I see organizations spend heavily on traditional marketing mediums such as trade shows and print media while all but ignoring social media or other contemporary market touch points. Long story very short, the pace and plethora of touch points that prospective customers face where they can be exposed to your brand/message overwhelmingly suggests that you rethink how to engage and build relationships. 
For example, some time ago I did some work for a leading sports protection attire company. They had an e-commerce engine, but their online sales languished. They asked me to help create a multi-touch program based primarily on Search Engine Marketing (SEM) to remedy their situation. It’s worth noting that one major challenge I faced was that their CEO would not allow me to use the company’s name in SEM since he committed to his distributors that he would not. Even without using their name, the program I devised was quickly able to have a major impact. The results were amazing; in less than three months they realized a 225% increase in order volume and a 198% increase in online sales. In this situation, an old-school CEO embraced change resulting in a dramatic change to his business and profits. 
Although the basis of an article I recently had published in SecurityWeek focused on driving change in security organizations, I think the slightly reworded summary fits here as well: 
Any decision to make sweeping changes should be given serious consideration. This is not something that should be taken lightly. However, if the signs suggest that it’s the best course, then don’t delay. Waiting will just lead to languishing frustration and a suboptimal [marketing function] that ultimately keeps you [behind your competitors].
We only have to again look back to the wisdom of Einstein who stated: “Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius -- and a lot of courage -- to move in the opposite direction.” Change in [marketing direction] takes courage and vision. You have to admit that things could be better and be willing to take it upon yourself to set a new course for your business.
If you’re struggling with how to drive change in your business, there’s a great book by Chip Heath and Dan Heath titled, SWITCH: How To Change Things When Change It Hard. It delivers a series of pragmatic and innovative techniques that you can leverage to drive change in any organization.
Amazing things can be accomplished should you dare to drive change.  Sticking with the status quo will untimely cost you opportunities and real revenue. 

The Leadership Conundrum


Like most people, throughout my career I've worked for leaders that span the spectrum from poor to great. I've also had the opportunity to lead teams ranging from a few to several hundred. In a nutshell, I've found that great leaders inspire, motivate and foster an honest dialogue with their team to get results.  Great leaders also lead without giving the appearance that it's in any way forced; it comes off as a natural extension of their personality. What follows reflects some of my observations and insights gained from my own efforts to lead and be led broken up into the following two categories: common mistakes and traits of inspirational leaders.

Common Mistakes

For the common mistakes, it's important to note that these are not character flaws such as being incompetent, inept, corrupt, insular, etc. but rather mistakes born from the best of intentions that, in most cases, are easily remedied.  

One of the most common mistakes I've seen is the belief that individual success is tantamount to being a good leader. Just because you've had success at selling or crafting and flawlessly executing an integrated marketing campaign does not make you a good leader. About the only thing it does is make you good at what you've done. In fact, one of the quickest ways to lose your team's respect is to think you need to be a different person because you're now in a leadership position.   

Another common mistake I've witnessed is the tendency to manage up instead of down. I've seen this all too often where managers spend an inordinate amount of time making sure their superiors are attended to.  Successful leaders understand that if the people they lead are given the tools and attention they need to succeed, their team's successes will increase and their superiors will realize greater yields and a much higher likelihood that the business objectives will be met.

And finally, the third most common mistake of poor leaders is that they try to appease everyone. It's impractical to think that you can satisfy everyone's needs. In fact, doing so you'll often find has the opposite of the desired outcome in that you'll end up with a highly aggravated and malcontent team.  Being an effective leader is not a popularity contest.   

Traits of Inspirational Leaders

The following traits, I've found, have been the most endearing of leaders at the "great" end of the spectrum. I realize that this is not an exhaustive list, but simply my view of what it takes to be an effective leader. I also believe that these traits would apply whether you’re leading a team of two or 2,000.
  • Take hard decisions and set clear goals - The reason you're in a leadership position is because decisions have to be made and objectives need to be met. If you're constantly flip-flopping or second guessing decisions then your team and your business will suffer. Make sure your team understands what's required of them and why those objectives are relevant.   
  • Learn to listen and listen well - Great leaders are attentive and effective listeners. When you're with them they make you feel like you have their undivided attention. Trust me when I say that people know when you're not listening to them. This is exasperated when you're looking over that person's shoulder for someone else to talk to.  
  • Take responsibility and deflect praise - In any organization things go well and things go badly. When something bad happens, you need to take responsibility. Understand what happened and be prepared to set a course correction, but whatever you do, don't throw your people under the bus. Equally important is that when things go right, distribute praise to those involved even if you were instrumental in creating the triumph. 
  • Understand the different leadership styles and when to use them - I'm fortunate to have received the bulk of my leadership training when I was in the Navy. Rightfully so, like all the armed services, the Navy invests heavily in nurturing leaders. I learned early on that there are basically six leadership styles (visionary, coaching, affiliative, democratic, pacesetting, and commanding). Through training, I learned that my default style is coaching and how to best leverage my style to get results. I also learned that you need to seamlessly move between styles as circumstances dictate. For example, if a crisis breaks and quick, rapid successive decisions are required to succeed, then you need to switch to the commanding style.   
  • Be confident and credible - Nothing rattles people more than a leader who lacks confidence. Along with portraying confidence is the need to be credible. You are the authority in whatever function you've been tasked to lead. You're not expected to know the answer to everything, but you should be able to use your experience and intuition to determine the best path to take.  
  • Learn to get mad then get over it - Without fail someone is going to do something that will make your blood boil. You have every right to be angry. That's human nature. However, don't let that anger consume you. Also, once you've had a chance to process what happened, be sure to sit down with that individual so both of you can get past what happened and keep your relationship healthy. 
  • Be prepared to lead - By definition leadership implies that you lead. But leading means that you take bold decisions; that you make mistakes; that you're accountable and responsible for things to get done.  Your team looks to you for guidance and to lead. Equally important is to lead by example. It's not enough to simply say what needs to be done. You need to demonstrate a willingness and acumen to do what needs to be done.  
  • Be approachable - Part of being a great leader is being a great teacher. If you're not approachable or spending time with your team then how can they be expected to excel? Put yourself in a position where you can be approached and be prepared to take the time to work through whatever is required to enable your team to win.  Along this line, make it as comfortable as you can when someone from your team comes to you for guidance. Making them feel comfortable will allow for a candid dialogue. 
  • Praise in public and admonish in private - When someone does something good be sure to openly praise and acknowledge it.  In addition to telling the person be sure to document it. Nothing makes someone's day more than seeing an email with their chain of command copied for something they did well.  Likewise, when someone on your team does something wrong, find a private room to discuss it and make sure they understand what they did wrong. 
Unfortunately, there's no magic wand that you can wave or secret sauce that you can feed someone to make them a better leader. Becoming a great leader takes hard work. The good news is that leadership skills can be learned. But like being an alcoholic, you have to admit that you have a problem. You have to accept that your leadership skills need work. Once you acknowledge that and are willing to learn how to better lead, you're well on your way. 

I've found that training is an effective way to learn how to become a better leader. Also, find a mentor with great leadership skills. Between the two you should be able to avoid common mistakes and get the most out of your team.  Beyond training and working with a mentor, there are countless books on the topic to help keep your leadership skills honed. 

Creating an Online Community

I was recently interviewed by David Stark for his weekly radio show Stark Marketer that is broadcast on Radio Sandy Springs

In this hour-long session, we outlined the mechanics of creating an online community. More specifically, we discussed at length the building blocks to establish, support and grow a community of like-minded folks around a specific theme in this case around the best-selling security book, Hacking Exposed.

To listen to the recorded version of the broadcast click here then scroll down to the 3/27/10 broadcast and click on the Listen button.

Measure, Measure, then Measure Some More

For those of you who regularly read my blog, you may recall a posting in which I railed on Honda for running a full page branding ad in TIME Magazine. At the time the economy was in relatively good shape. Even so, it did not make sense to me why Honda would run very expensive print ads that did not point readers to a URL from which Honda could enhance the overall customer experience as well as provide a means to measure the ad's effectiveness.

Fast forward to today. In the BusinessWeek article, "Best Global Brands: Gutsy marketers spend into the teeth of a recession. Several of BusinessWeek's 100 Best Global Brands are doing exactly that," author Burt Helm reflects, "History shows that a recession can be an auspicious time to invest in a brand. Some of the most successful brand campaigns in the past six decades began during economically challenged years." 

I understand the importance of building brand regardless of economic conditions. The BusinessWeek article drives a good point home in that those companies able to sustain brand efforts will pull out of the downturn in a better position than those that retrench. I won't argue that. However, the big difference between past economically distressed times and today is that we readily have the means to measure the success of our brand building campaigns.

There are several marketing automation, CRM and analytics tools that enable you to measure the impact of your brand campaigns. What's important is that your campaigns present the means to trigger those tools and allow measurement to take place. In addition, these tools deliver the ability to nurture opportunities generated from the campaigns.

Even with an abundance of tools, I'm surprised at how often I come across companies that are not measuring the impact of their marketing programs -- brand or otherwise.

To net it out, as you contemplate where and how to spend your marketing dollars, make sure you have the means and ability to measure the impact of the spend.  Being able to measure the success of your programs and activities will give you much needed ammunition when looking for additional budget to sustain your efforts.

Marketing Myths that can Kill a Business; Myth #5 - We don't need live chat on our website

Myth

Web content alone is all we need for visitors to take a decision about purchasing our products or services.

Truth

You've undoubtedly invested heavily to get visitors to come to your website.  Have you ever wondered why they just abruptly leave?

From my own experience, I'm constantly looking for ways to fill holes in my marketing programs or exploring better ways to accomplish my marketing objectives. Like most business professionals, I look at time as something I can't afford to waste. I use the Web as the go-to place to satisfy my curiosity. When I get to a site that I think aligns with what I need and I don't find what I'm looking for within a couple of clicks/minutes, I'm gone. What's worse is I likely won't be back. The same is true whether I'm doing marketing related research or if I'm looking for a new car insurance provider or thinking about refinancing my home.

The outcome is dramatically different if the site I'm visiting has live chat. I have no qualms about clicking on live chat to get quick answers to what I'm struggling to find from the static web pages. In almost every instance it starts me down the process of taking a decision to purchase goods or services.

It's also important to note that embedding live chat on your website is easy and inexpensive.

Need More?

After conducting in-depth interviews with large US-based financial institutions using live chat across multiple lines of business, Forrester Consulting found that the organization’s most mature deployments for sales and service achieved the following:

  • Increased incremental online conversion rates and average order size - The chat-assisted application completion rate was 138% higher than self service. In addition to saving and closing otherwise lost customers, interactive chat increased the average dollar value of transactions.
  • 305% ROI from proactive sales chat with a payback period of 6 months - The three-year risk-adjusted ROI of proactive chat for sales-focused activities was 305%.
  • Reduced customer service costs and increased customer satisfaction -  Chat enabled the organization to deflect service inquiries from more costly channels: 59% of chats would have otherwise resulted in a customer service call; 9% in email; and 13% of chats would have otherwise resulted in a branch visit. Customer service chats also had a high first-contact resolution rate resulting in increased customer satisfaction.
  • 120% ROI from customer service chat with a payback period of 6 months - Forrester Consulting found that service-focused chat generated a three-year risk-adjusted ROI of 120% with a payback period of 6 months. Because the reference organization implemented chat for two distinct functions (sales and customer service) and maintained separate cost and benefit data for the two areas, this study analyzed sales- and service-focused chat separately.

Simple Rules to Follow

When adding live chat to your website, be sure to follow some simple rules:

1. Make the chat button/link apparent and place it in a prominent location - This should be obvious, but I'm often surprised at how good companies are at hiding the live chat button.

2. Create a library of standard responses - Since you have a good idea of the types of questions from past experiences, create a library of standard responses that can be readily used. Extend your library as you start to see trends in the types of questions asked. Regularly refresh the library as the questions and responses will evolve over time.

3. Use proactive chat - The major live chat vendors have a proactive chat option that opens a chat dialog box after certain thresholds are achieved such as time on site, number of pages visited, specific pages visited, etc.

4. Customize the chat experience to reflect your brand - Be sure to maintain your brand aesthetics with your live chat.  The major live chat vendors offer extensive customization.

5. Align chat availability with visitor traffic - Again, this should be obvious, but take the time to analyze your site traffic to know when visitors are most active.

6. Follow-up as needed - Live chat becomes almost useless if you commit to doing something then not do it. If you tell someone during a chat session that you'll have an account manager follow-up with them, or that you will send them a proposal, etc. then do it.

When engaging visitors, focus first on making a connection with them.  Keep the dialog in context of what the visitor is looking for by asking clarifying questions about their needs and craft relevant responses. As you understand their needs, you can take them down the path of becoming a customer.

Live chat gives you the opportunity to transition your visitor from reading static web pages into a conversation between two people. Chat can be the key that moves them from visitor to prospect to customer.

If your website is the portal from which you promote and/or sell your products or services, I strongly recommend you offer live chat. Having it will drive top-line growth at a nominal cost.

Book Review - The Breakthrough Company: How Everyday Companies Become Extraordinary Performers

Breakthrough Company

Having worked at companies that have managed to break through in their respective industry as well as at companies that have made it to the gate just to get turned away, I found Keith McFarland's book, "The Breakthrough Company," a great read. It allowed me to reflect on my own experiences in context to better understand why certain companies successfully made the transition while others stalled or atrophied.

At a high level, the book is the culmination of research conducted by McFarland and his associates of more than 7,000 of America's fastest growing private and public companies. It succinctly describes the characteristics of mid-sized entrepreneurial companies that break through to become, "significant, lasting, and difference-making organizations." It also rightfully cautions, "that there are no permanent breakthrough companies - only companies that engage in practices leading to long-term success. And just as it's possible for an everyday company to achieve breakthrough performance, it's equally possible for a breakthrough company to, without realizing it, fall back into life as an everyday firm." To that, from my own experiences, I agree with McFarland's summarizing premise that, "breakthrough is a journey, not a destination."

The book is filled with valuable tidbits that will have you rethinking everything from how to craft and manage your corporate strategy to how to recruit and motivate employees. However, one takeaway that really resonated with me came from the responses to McFarland's question at the end of each interview:  "As you look to the future, what worries you?"  According to McFarland, nine times out of ten the response went something like this: "The greatest challenge will be to maintain and nurture those organizational qualities that have allowed our company to succeed in the first place."

If you're an entrepreneur struggling to understand why the light at the end of the tunnel never seems glow any brighter, then read this book.

For those that have read, "Good to Great," by Jim Collins, think of, "The Breakthrough Company," as "Good to Great" for small to mid-sized businesses. If you haven't read "Good to Great" then read "The Breakthrough Company" first. It delivers an excellent foundation to better appreciate how companies break through and ultimately become great.

Strategy - Why Companies of Every Size Should Blog

I'm amazed at how often I come across companies, both large and small, that don't have a corporate blog. You would think that, by now, every company would be on the blog bandwagon, but that's not the case. For those on the fence about starting a blog think of it like this: If the playing field between you and your competitors is level, having a corporate blog will more than likely give you the edge to win more business. It's that simple. This is especially true during tough economic times as blogs carry next to no cost other than the time it takes to keep them current.

There are countless reasons why blogs are a necessary component of any business, but here are some of the more popular reasons:

1. They keep your customer's engaged and humanize your company. This can't be stressed strongly enough. Having regular blog posts puts a face on your company that people appreciate in a socio-economic environment seemingly devoid of direct interaction.

2. They make you appear contemporary and relevant. This is especially true when the topics of your blog discuss current issues of the industry or market that you serve.

3. They enable instant feedback. The comment function of blogs allow customers to give you immediate feedback on business and industry topics. The feedback allows you to refine your message, goods and services. It also enables you to get your hands around a potential issue early.

4. They help give you visibility and enable potential customers to more readily find you. Search engine crawlers are always looking for new content. Having regular blog posts results in your material getting indexed more often, taking you higher in organic search results, making it easier for potential customers to find you.

5. They are a great networking tool. Virtually every business has or needs a network that need to be kept aware of what's going on in your industry and your company. Blogs allow you to regularly reach hundreds -- if not thousands -- of existing and potential customers without regard for time and geographical differences. Used as a networking tool blogs are a great time saver when reaching out to your network.

6. They offer a virtually free way of getting your message out and creating buzz about your company. I realize I mentioned this earlier, but it's worth repeating. We all know that times are tough right now. Marketing budgets are getting slashed left and right. Blogging can create demand for your goods or services, keep your pipeline of prospective customers warm, and position you as a thought leader in your industry. That's an extraordinary amount of value for something that's all but free to get up and running.

Okay, now that you're committed to getting a corporate blog up and running, what follows are some blogging mistakes to avoid from Christopher Barger, manager of GM's FastLane, considered one of the more successful corporate blogs. He recently provided MarketingSherpa with ten common blogging mistakes and how to avoid them. They are as follows:

Mistake #1. Treating the blog like a channel for corporate messaging

Barger says that the greatest value of a blog is in the dialogue with readers. Successful blog posts generate reader comments. And readers generally don't respond well to corporate messaging.

"If all you're doing is restating a press release in first person or giving them news they can already get somewhere else, you've given them nothing," Barger says.

FastLane has fought becoming a channel for routine corporate messaging throughout its three-year existence. The blog became a victim of its own success, says Barger. It's popularity had people thinking of it as another place for corporate communication instead of for meaningful dialogue with readers.

To avoid this mistake:

-Encourage posts that don't resemble press releases.

-Pay attention to the comments readers post. If you see a recurring topic, find an expert within the company to address it in a blog post.

-If you want to blog about a new product, have the engineer or someone who has used the product write about it.

Mistake #2. Rushing to respond to negative feedback

When responding to reader comments, sooner is not always better. No matter how direct or honest your intentions are for a corporate blog, there will always be readers who don't want to hear what you have to say. Some people will read a blog just to poke holes through everything you say.

To avoid this mistake:

Be patient. Be prudent. Hold off responding to a negative comment for a few hours – other readers might correct the original post for you. The audience tends to police itself, says Barger. "They will see people who are reflexively critical or dismissive and they'll dismiss them right back," he says.

Mistake #3. Fearing the critics

Don't fear constructive criticism. Your audience will respect that, and you should, too. "For anyone afraid of starting a blog for fear they're giving their critics a place to go after them, I would argue that does happen, but you have to give your audience credit for being smarter than that," says Barger.

To avoid this mistake:

Respond to them if need be by keeping in mind that negative comments bring a positive aspect along with them – they allow you to become aware of your audience's opinions. Those same comments could be happening at happy hour or at dinner tables instead.

Mistake #4. Ghostwriting blog posts

Barger's team does not ghostwrite posts for employees or executives at GM. The blog could lose its transparency – one of those trust-building, relationship-building elements.

To avoid this mistake:

Put a byline on each post. Each FastLane post has a byline and the title of the person who wrote it.

"If you're trying to personify or humanize the organization, having a byline helps contribute to that," Barger says. It helps readers understand that each writer has a different perspective and personality. It enables them to address the writer on a more personal level.

Mistake #5. Giving blog writers the impression that once a post is written, it's done

Finding blog writers is a challenge in itself, Barger says. So, it's important to tell them up front what the task requires. The best bloggers read and respond to comments. They start to adapt readers' perspectives for future posts.

To avoid this mistake:

Make it clear to blog writers that filing a post is not the end of the road. They may have to respond to comments.

Mistake #6. Relying on writers who are too corporate

Often, the higher up the chain of command, the more corporate people tend to sound. They can't help it, Barger says. Their writing voice sounds like it would on television. It's formal. "That's not what this medium is for," he says.

To avoid this mistake:

FastLane engages mostly mid-level salaried employees or execs at the vice president or director level to write blog posts. (Note: GM's Vice Chairman Bob Lutz is an exception. Lutz is known for his "straight talk" and personal tone, which is perfect for the blog.)

Mistake #7. Not establishing blog rules

Every corporate blog should have some basic rules of conduct: Acceptable topics, taboos, etc. Tell the bloggers beforehand what the rules so everyone can follow them.

To avoid this mistake:

Blog rules can be summed up in three words: "Don't be stupid," says Barger. To clarify, don't write anything you wouldn't write in an email to someone outside the company.

"At the end of the day, you have to decide whether you trust your employees, and I would argue if you don't, you have much bigger problems than just the existence of a blog," he says.

Mistake #8. Posting infrequently

Posting frequently is a basic rule of blogging. How often to post is determined by the company. But rule of thumb: Not less than twice per week. This is particularly challenging for corporate blogs because it's often difficult to get people to commit to blog posting on a regular basis, Barger says.

The consequence of not posting regularly is loss of readership; people will stop checking the blog if they don't see new posts.

To avoid this mistake:

Try to get at least eight people within your company to commit to blogging. If each person posts once per month, that equals two posts per week if you give them deadlines on specific days.

Mistake #9. Going against your comment policy

Like a blog policy for writers, every corporate blog needs a comment policy for readers. This policy protects the company's credibility should it choose not to approve a comment for a reason stated in the guideline. The important thing is not to violate your own policy.

To avoid this mistake:

Be consistent with the comment policy. For example, GM tells readers that posts relating to car ownership issues are forwarded to customer service rather than posted on the blog. Inconsistency can ruin a blog's credibility.

Mistake #10. Editing, hiding, or taking a post down when you make a mistake

Someone will screw up at some point. A writer will post something inaccurate. Links will go unchecked. A reader will take offense. Don't try to hide it.

To avoid this mistake:

"If you mess up, say so rather than trying to hide it or edit something out or take it down," says Barger. "People are forgiving of mistakes if you say, 'Well, we screwed up here. Sorry. We'll try to do better next time.'"

For those interested, BusinessWeek wrote an article in 2005 titled, "Blogs Will Change Your Business," that is a very worthwhile read. The article was revised and updated in June 2008. The revised article transcends blogs to discuss the growing number of social media tools such as YouTube, Twitter, Wikipedia, LinkedIn, Facebook and MySpace.

So, why wait any longer. Start blogging today. You'll be glad you did.

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Marketing Myths that can Kill a Business; Myth # 4 - We need a huge media relations event to launch our Company

Myth

Startups often feel the need to spend big dollars for a magnanimous splash event to rally the industry behind their incarnation of the "next big thing."

Truth

While having a meaningful impact at launch is important, what will impress editors, analysts and pundits even more is demonstrating success over time. Often referred to as "rolling thunder," you are much better off and will have a much higher ROI on your PR spend by regularly pulsing the market with worthwhile announcements than spending hundreds of thousands of dollars on a launch event.

When you're ready to launch, have a plan in place that stages announcements for the next three, six and twelve months. Make sure that you focus those announcements on those issues that your audience will find relevant such as key customer wins, new strategic partnerships, surpassing meaningful company milestones, etc.

Just so you know, several of today's most talked about companies including Apple, Google and Microsoft did not have a formal launch per se. The media traction for those companies came from staying dogged with PR pursuits over time.

So, before you commit to spending a huge portion of your newly minted investor dollars on a launch event, spend the time to think through how to get the most bang for the buck over the long haul.