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9 Marketing Un-Predictions for 2015

marketing predictions for 2015

By now we have all read a handful of posts on marketing predictions for the New Year. While some predictions reflect trends and areas where marketers definitely need to look into, some are potentially more distracting than useful.

The marketing job never ends: there is always something else we could be doing to grow the business. Marketing is getting more and more complex. These two factors drive, today more than ever, the importance of focus.

The essence of focus are the things you will not do. Focus is about understanding the distractions, the buzzwords, the nice-to-haves and even the good opportunities that we must pass on to allow us to work on those activities that will have the best results.

This is why I wanted to share my Marketing Un-Predictions for the year:

  1. Mobile first is wrong. I am not saying to ignore mobile. I am suggesting we should kill mobile projects in lieu of thinking cross-device always. Today, there is no “mobile”: the line between smartphones, tablets and portable computers is blurred. Marketers must think cross-device (responsive design, device-neutral, cross-browser) from the beginning for all important channels: Websites to marketing campaigns should be designed for mobile and tablet and desktop and everything in-between.

Continue reading “9 Marketing Un-Predictions for 2015”

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The Mirage of Data

The Mirage of Data

Big Data and data-driven marketing are two of the most prominent business buzzwords.

New technologies are giving businesses access to larger amounts of data and tools that help us analyze data faster, in larger volumes than ever before. It feels empowering in our quest for the answers. We want data to illuminate the way for us.

Data enables us to make the right decisions and to bulletproof our plans – Or does it?

[quote]”It is possible to be drowning in data and still none the wiser” – Paul Laughlin[/quote]

A couple years ago, one of the World’s most innovative companies was about to launch a massive project. They invested in a research project as large as they come, hiring three of the top consulting companies at the time, and spending 8 figures to interview 200,000 people in 54 cities and 22,000 individuals at 3000 corporations. All this research and data should have guided the project and ensured success, right? Continue reading “The Mirage of Data”

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The Best Marketing & Strategy Books

Best Marketing Strategy Books

These are the Top Marketing & Strategy Books of all time.

My favorites, the ones that shaped my thinking and taught me the most. A few leadership and management books thrown in as an extra. These are the books I would recommend to someone who wants to become an awesome marketer, strategist or leader – students, product marketers and CEOs.

I would love to hear what books you think I should add to the list, please add your suggestions in the comments.

I love reading. In addition to Kindle, I have listened to probably a hundred books on  Audible.com. I stopped listening to music on my commute, instead I have had the opportunity to learn a lot from dozens of authors. I really recommend it, try Audible here, you get two books free. Continue reading “The Best Marketing & Strategy Books”

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7 Fundamentals to Build a Content Marketing Competency

7 Fundamentals of Content Marketing

This post appeared first as a contribution to Kapost’s Marketter blog – http://marketeer.kapost.com/content-marketing-competency/  

For most marketers, content marketing is a priority. If you are in this camp, perhaps you have been thinking about how to build a content marketing machine.

It is not easy. Most marketing teams fail at it. Either because they cannot produce the content they need or because the content they create is not effective. You can only build effective content repeatedly and consistently if you build a competency.

That’s the topic of this presentation, which was presented at the Austin Digital Marketing Summit last week. In it, I make 7 key points that might help you build a content marketing competency:

Continue reading “7 Fundamentals to Build a Content Marketing Competency”

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Rishi Dave Interview: a Natively Digital Marketer

Today’s interview is with Rishi Dave, CMO at Dun & Bradstreet and former Executive Director of Digital Marketing at Dell. Rishi was named a Top Digital Marketer twice (2013 & 2012) by BtoB Magazine. I had the opportunity to meet Rishi as a co-panelist at the Brand Innovator’s Forum in Austin.  Let’s get started.

 

1.. What company is an example of good marketing today? Who do you admire?

Hubspot has done a great job of scaling the content-led inbound model and proving its economics. They practice what they preach and use what they sell.

 

2. What is your marketing superpower, the most important skill that makes you a great marketer?

I am natively digital and not encumbered by the old style of marketing.
Continue reading “Rishi Dave Interview: a Natively Digital Marketer”

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Hook: 4 Steps to Building Habit-Forming Products

Nir Eyal on Manufacturing Desire - Hooked

This is a guest contribution from Nir Eyal, Nir writes, consults, and teaches about the intersection of business, psychology and technology. Nir founded two tech companies and has taught at the Stanford School of Business .Nir is also an advisor to several Bay Area start-ups , venture capitalists, and incubators. In addition to blogging at NirAndFar.com, Nir is a contributing writer for Forbes, TechCrunch, and Psychology Today. In this posts he walks us through the science of building habit-forming products.

Type the name of almost any successful consumer web company into your search bar and add the word “addict” after it. Go ahead, I’ll wait. Try “Facebook addict” or “Twitter addict” or even “Pinterest addict” and you’ll soon get a slew of results from hooked users and observers deriding the narcotic-like properties of these web sites. How is it that these companies, producing little more than bits of code displayed on a screen, can seemingly control users’ minds? Why are these sites so addictive and what does their power mean for the future of the web?

We’re on the precipice of anew era of the web. As infinite distractions compete for our attention, companies are learning to master new tactics to stay relevant in users’ minds and lives. Today, just amassing millions of users isno longer good enough. Companies increasingly find that their economic value is a function of the strength of the habits they create. But as some companies are just waking up to this new reality, others are already cashing in.

First-to-Mind Wins

A company that forms strong user habits enjoys several benefits to its bottom line. For one, this type of company creates associations with “internal triggers” in users’ minds. That is to say, users come to the site without any external prompting. Instead of relying on expensive marketing or worrying about differentiation, habit-forming companies get users to cue themselves to action by attaching their services to the users’ daily routines and emotions. A cemented habit is when users subconsciously think, “I’m bored,” and instantly Facebook comes to mind. They think, “I wonder what’s going on in the world?” and before rationale thought occurs, Twitter is the answer. The first-to-mind solution wins. Continue reading “Hook: 4 Steps to Building Habit-Forming Products”

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10 Expert Business Lessons from James Caan

Business Lessons Dragons Lair James Caan

While many people in the US don’t know him, in 2014 James Caan surpassed 1 million followers and is now the 7th most followed person on LinkedIn in the world. His book, The Real Deal, is a fascinating account of his story ‘from brick lane to Dragon’s Den’, the popular UK show which is the predecessor to Shark Tank in the US. In a way, James Caan is like the British version of Mark Cuban.

His book is an autobiography and an incredibly interesting story of how he went from being a school dropout immigrant to ultra-successful business mogul that was driving as Rolls Royce at 24. You can attribute luck, personal skill and charisma to his success – like that of anyone. And yet, the book captures a business philosophy that is worth studying. These are the most important business principles I learned from reading The Real Deal:

1. Know your Strengths, Delegate and Hire the Best.– After dropping out of school, James Caan was unsure where he could find success. He decided to look at his strengths: James figured he was good with relationships, reading and connecting people. This led him to start a very successful career in recruiting. He always understood what he was good at, and focused his career on making the most of it.

James also understood what he was not good at. As simple as it sounds, delegating is one of the hardest things for an entrepreneur to do. James understood you can’t be the smartest guy for everything and that you can’t scale your business unless you delegate. In his words “My skill is knowing where to hire a man that knows how to hang a picture better than I do.” Through his career, James always looked for experts in each field and trusted them with the job to be done.
Continue reading “10 Expert Business Lessons from James Caan”

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Does Content Marketing Work in Boring Industries?

Content Marketing in unintteresting industrues

This is a guest post by Russel Cooke

One of the biggest challenges for many businesses is coming up with a content marketing strategy that stands out. Content marketing is a vitally important aspect of any modern marketing plan. One only needs to witness the success cultivated by GoPro cameras with their YouTube channel to show how content marketing can be the key to unlocking hidden sales opportunities and boosting user engagement.

But GoPro sells video cameras. Specifically, they sell portable, lightweight, water- and shock-proof video cameras aimed at extreme athletes, explorers, and daredevils. Their videos show people jumping off cliffs, testing homemade flying machines, and climbing mountains. People have used GoPros in space and at the bottom of the ocean. Even 99% of the people who own a GoPro don’t end up using it for such exciting things, it’s remains an instantly engaging, interesting product. Continue reading “Does Content Marketing Work in Boring Industries?”

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The 9 Delusions of High Performance in Business

What if the leading business authors are wrong?

What if we have been following ideas that have made the wrong conclusions?

The Halo Effect is an aura that surrounds companies, people and strategies that are successful. Once a person or a company achieves a certain status, the halo effect will touch everything they do. This often leads many to the conclusion that it was the company culture, or their leadership, or their personal traits and values, or their customer obsession that made them successful.

As important as it is, the Halo Effect is only the first of 9 delusions that cloud the path to success in business. The 9 delusions are beliefs that impact strategy and business decisions every day, detailed masterfully by Phil Rosenweig in his book properly named The Halo Effect.

In this book, Phil Rosenzweig debunks Good to Great, In Search of Excellence and other classic business books and research reports. These publications and their conclusions fall in the trap of one or many delusions. Following these conclusions as proven formulas carries the risk of disastrous effects.

Let’s look at the nine Delusions and the real driver for high performance in organizations.

 

1 – The Delusion of The Halo Effect

Many of the things experts think contribute to high company performance are often attributions based on performance. Many studies like Fortune’s Great Places to Work studies multiply the halo effect. Often a great company culture is a result of success. We think as successful companies as innovative. We think about CEOs as powerful leaders.

 

2 – The Delusion of Correlation and Causation

The author points to many examples: Bain and Co claims their customers outperform the market 4 to 1. The assumption is that hiring Bain caused high performance. We need to consider the possibility that companies who are outperforming the market have the time and the money to hire Bain.

Continue reading “The 9 Delusions of High Performance in Business”

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Buyer Psychology and Customer Value: Why People Buy Starbucks coffee?

How Starbucks Differentiated in a Commodity Market

Hint: it is probably not because of the quality of the coffee.

This post was inspired by a question on Quora that asked if Starbucks coffee was really superior and how the company made it addictive. What i found very interesting about this question is that the quality of the coffee is not really that important. There are other psychological and emotional reasons why Starbucks is so successful worldwide.

After all, contrary to what most people believe, we all make purchase decisions emotionally and then (sometimes) justify them rationally. This is true in B2B and B2C, it is true for $1 or for $1 Billion purchases. And it is critical for all marketers to understand.

Continue reading “Buyer Psychology and Customer Value: Why People Buy Starbucks coffee?”

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