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There’s Nothing New Under the Sun Or is there?

There's Nothing New Under The Sun, Or Is There?

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Page 1: There's Nothing New Under The Sun, Or Is There?

There’s

Nothing New Under the Sun

Or is there?

Page 2: There's Nothing New Under The Sun, Or Is There?

Hi, I’m Mike Darnell

Nice Meeting You!

I’m a Web Project Manager You can find me at

KPIs.co - The Key Performance Indicators blog & at

Vimi.co – my business

I was born in 1974. My 1st job was

modeling underwear and Roman toys

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Man’s engagement in commerce predates

written history

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In many respects it’s astonishing how little has

changed…

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Trading in goods and services is one of the things that

defines us as humans

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But sometimes it seems we’re so inundated with buzzwords we forget human behavior has changed very little over time…

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As far as our behavior is concerned

THERE’S

NOTHING NEW UNDER

THE SUN

Page 8: There's Nothing New Under The Sun, Or Is There?

Accepting this as our baseline it’s worthwhile

going back to the basics…

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What’s our

GOAL?

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Whether our business is focused on providing

Services, Products or both,

its goal is to generate…

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PROFIT

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This is, and always has been, the goal of businesses

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Achieving this goal depends on our ability to make

Sales

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…which depends on our Marketing

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Convincing, but not

profitable…

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It’s here that we confuse ourselves by

believing man has

changed

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Woman maybe. Man?

Not so much…

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So what is

“Marketing” anyway?

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“The process of promoting products and services to enhance sales…

…Generating the strategy that underlies

sales techniques, business communication, and business developments…

…an integrated process through which

companies build customer relationships and create value for their

customers and for themselves”

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“The process of promoting products and services to enhance sales…

…Generating the strategy that underlies

sales techniques, business communication, and business developments…

…an integrated process through which

companies build customer relationships and create value for their

customers and for themselves”

Even though this definition is based on

Wikipedia, a service that owes its existence to the Web,

in no place does it mention we need the

Web to do marketing…

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For me this is a key observation

that lies at the heart of

successful online marketing

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It’s not about

Technology

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Get that right…

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…And you’re guaranteed

Success

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Every business aims to provide value via the services and products

it offers

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Successful businesses determine what motivates clients to seek them

out and implement strategies to capitalize on these understandings

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So…

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The 1st thing

you need to figure out

is

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What motivates

Clients to choose

You?

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There are a number of possibilities:

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• Price

• Location

• Quality of Service

• Business Intelligence and Practices

{Of course other options exist too

but we only have about an hour…}

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Once you understand why your clients choose you, you can look for ways to

Amplify

your advantage

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This is where the Web comes in handy…

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The Web offers businesses that compete on price a multitude of

options to reduce operational costs in

order to further increase their competitive edge

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The most obvious of these is using the Web to sell your

products

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Offering products online reduces the overheads associated with brick-and-mortar shops.

Contrary to what many people think, you don’t always have to start your own Website…

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…In fact in some cases you’re better off without one.

The Web offers many opportunities in this respect.

Ebay and Amazon Marketplace are two of the bigger names

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Identifying a niche and focusing one’s

efforts on matching its needs is a great

marketing strategy

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This is the premise at the heart of sites like:

Etsy {handicrafts}…

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Tunecore {music}…

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…and many more

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Reducing sourcing costs is another way to make your pricing more attractive

Sites like Alibaba…

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…and Ec21,

have opened up the sourcing process, making it simpler than ever to find the products you want, at the prices you need.

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Deal in Services?

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Elance…

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…and Odesk are opportunities to connect with providers, as well as clients

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Location

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Elance, Odesk, and other sites like them, are all evidence to one of the most

profound changes the Web has made to how we do business…

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…The Web has voided the traditional correlation between our location,

and our revenue streams…

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...Many of us deal daily with clients and suppliers we’ve never met,

and think nothing of it.

This was inconceivable just a few years ago…

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Interestingly over the past 2-3 years we’re witnessing a new phenomenon.

One that owes its existence to the ubiquity of the social Web, and the rapid ascent of Web-on-mobile.

Page 56: There's Nothing New Under The Sun, Or Is There?

The Web now connects people

not only Globally, but also at the

Hyper-local level too

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We’ve become so accustomed to Facebook events we no longer think much about what a revolution they represent in comparison to the way we did things before…

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…But Facebook is so all-encompassing that we have a

hard time making events stand out.

Both as guests and as organizers...

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…Enter sites like Meetup and

Eventbrite.

Both are dedicated exclusively to organizing and managing events,

each with it’s own particular twist on the paradigm.

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Meetup focuses on the community related aspects of any given gathering, and serves as an excellent platform for meeting and interacting with individuals with like minded interests and passions.

Page 62: There's Nothing New Under The Sun, Or Is There?

…To the “Kinda out there”

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Eventbrite’s approach is perhaps more pragmatic and oriented towards the commercial aspects of event organization: Promoting, Managing, Ticketing…

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…But it has its fair share of “Clothes

Optional” events too

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QR Codes and

Location based services

like Google Latitude and

Foursquare,

are empowering us to interact with our contacts and clients not

only based on Where

they are but also

When…

Page 66: There's Nothing New Under The Sun, Or Is There?

QR Codes,

those little funky Black and White square “barcodes” we see everywhere, enable users to use their mobile phone’s camera to connect to a URL.

Your

“Closed” sign

can now be an opportunity to send people to your Website’s

“Contact Us” page…

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Simply enabling Google Latitude on your mobile device and sharing your location with your contacts will let you see at a glance

Who’s Where Now

Page 68: There's Nothing New Under The Sun, Or Is There?

Foursquare enables businesses to incentivize clients based on location, venue or branch.

In Thailand look at Ensogo…

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The Web has completely revolutionized how businesses

address their

Customer Service issues

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For better or worse

everything ever posted online will eventually be

available for all to see

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The real-time aspects of Web connectivity we mentioned before add a new level of urgency to handling these issues.

One unflattering tweet can easily turn into a PR nightmare…

Page 73: There's Nothing New Under The Sun, Or Is There?

The real-time aspects of Web connectivity we mentioned before add a new level of urgency to handling these issues.

One unflattering tweet can easily turn into a PR nightmare…

My HTC has not yet attempted this…

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With over 100,000,000 users Twitter can rightfully claim to

BE the Real Time Web

Page 75: There's Nothing New Under The Sun, Or Is There?

Often spammy and noisy it is, for better or for worse,

a reflection of what people

have to say RIGHT NOW

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The secret to using it successfully is to be able to

zero-in on the conversations that matter

To YOU

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Involvement is, by definition,

at The Moment of Relevance

Page 78: There's Nothing New Under The Sun, Or Is There?

The scope for optimizing your Customer Service via the Web

is far from being limited to Twitter…

Page 79: There's Nothing New Under The Sun, Or Is There?

Designed with customer service and support in mind, services like

Uservoice and

Getsatisfaction

enable you to interact with your clients about service and support issues

Page 80: There's Nothing New Under The Sun, Or Is There?

Every comment and idea is

accounted for, and serves as a

platform for debate

Page 81: There's Nothing New Under The Sun, Or Is There?

Over time you’ll deal less with recurring issues, freeing you to dedicate more time to the new ones that pop up...

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For many smaller businesses this might seem excessive,

however an occasional poll or survey is still very much a

requirement…

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Wouldn’t it be great to finally know what your customers

Really Think About You?

Page 84: There's Nothing New Under The Sun, Or Is There?

The Web abounds with great free poll services designed to meet this exact need.

Polldaddy and Surveymonkey are

two of the market leaders in this respect…

Page 85: There's Nothing New Under The Sun, Or Is There?

…But countless others exist as well. Including a bunch of Facebook apps you can use to add polling to your business page.

Page 86: There's Nothing New Under The Sun, Or Is There?

At the end of the day the quality of your Customer Service depends on how efficiently you run your

business...

Page 87: There's Nothing New Under The Sun, Or Is There?

…If you’re not yet using a

Customer Relation Management

system {CRM} now is as good a time as any to start

Page 88: There's Nothing New Under The Sun, Or Is There?

Designed to address all the aspects of managing your teams’ relationships with your clients and prospects

as they mature through your sales cycle…

Page 89: There's Nothing New Under The Sun, Or Is There?

…Any one of these systems, when properly and meticulously used,

will minimize the risk your business misses a task or

opportunity because someone “Dropped the Ball”

Page 90: There's Nothing New Under The Sun, Or Is There?

…Furthermore, as time passes they’ll gradually amass and store all the data your business accumulates ensuring changes in personnel, or

Unforeseeable Disasters, have a

minimal impact on your operations

Page 91: There's Nothing New Under The Sun, Or Is There?

Which leads us to our

Final Point…

Page 93: There's Nothing New Under The Sun, Or Is There?

We live in a Data Driven age.

Accessing, processing and distributing

the Right Data at the Right Time

to the Right People dictates our success

Page 94: There's Nothing New Under The Sun, Or Is There?

LinkedIn is by far the world’s

largest business oriented networking site

Page 95: There's Nothing New Under The Sun, Or Is There?

I’m pretty sure that

like myself, you all have a

profile…

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Is it as good as it can be?

Page 97: There's Nothing New Under The Sun, Or Is There?

A good profile should be a great way to learn more about you and your business contacts:

• Testimonials

• Experience

• Interests

• Etc…

Page 98: There's Nothing New Under The Sun, Or Is There?

Being active on Linkedin groups relevant to your

business is a great way to Demonstrate your expertise, Promote your business and Generate leads

Page 99: There's Nothing New Under The Sun, Or Is There?

Assisting others and demonstrating your expertise needn’t be limited to LinkedIn

Page 100: There's Nothing New Under The Sun, Or Is There?

The Q-A paradigm has been addressed a few times on the Web already,

including by the giants:

Yahoo! and Google {Google’s service is no longer active}

Page 101: There's Nothing New Under The Sun, Or Is There?

The most promising service in this niche today is

Quora.

It’s popular with early adopters

and When Properly Used, can be

a great way to get the answers you need

Page 102: There's Nothing New Under The Sun, Or Is There?

When we accept that no matter what our business our ability to interact with People is always

a core competence…

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…It immediately becomes evident that it’s in our best interest to know as much as

possible about the individuals we communicate with

Page 104: There's Nothing New Under The Sun, Or Is There?

Social email services like

Xobni and Rapportive

give a great deal of insight about the people we’re in contact with and have the added benefit of not actually requiring much from us in terms of time investment…

Xobni

reveals a wealth of

data about our Outlook contacts

Page 105: There's Nothing New Under The Sun, Or Is There?

Rapportive does

the same directly from your Gmail

Page 106: There's Nothing New Under The Sun, Or Is There?

Obviously there are other ways, beyond those listed here to rise

above the fray, distinguish ourselves,

and attract customers…

Page 107: There's Nothing New Under The Sun, Or Is There?

…It’s safe to say that whatever the strategy you’ve been using,

if it provides benefit, someone probably created a Web service to leverage it…

{if they haven’t you’ve got a killer startup on your hands!}

Page 108: There's Nothing New Under The Sun, Or Is There?

All you need to do is find that service and dedicate the time and

effort required to Master It.

Yes, this is Hard Work…

…But it’s Worth It

Page 109: There's Nothing New Under The Sun, Or Is There?

The past few slides listed a bunch of sites that,

with Dedication, will give you the edge you need

in order to succeed

Page 110: There's Nothing New Under The Sun, Or Is There?

Now’s the time to circle back to our basic premise:

It’s Not About Technology. It’s About People!

Page 111: There's Nothing New Under The Sun, Or Is There?

Primarily its about your

Customers

Page 112: There's Nothing New Under The Sun, Or Is There?

Which of these technologies

will make Their Life Easier when dealing with you?

Page 113: There's Nothing New Under The Sun, Or Is There?

And it’s also about You:

Which of these technologies can you implement to gain the

Greatest Benefit in the Shortest Time?

Page 114: There's Nothing New Under The Sun, Or Is There?

1 Ask yourself:

What do I hope to get out of this?

Page 115: There's Nothing New Under The Sun, Or Is There?

2 Do your research and figure out which services are most likely

to provide you with the results you hope for

Page 116: There's Nothing New Under The Sun, Or Is There?

3 Set a goal for the

Return On Investment you hope to get

Page 117: There's Nothing New Under The Sun, Or Is There?

4 Determine how you’re going to

evaluate your results

Page 118: There's Nothing New Under The Sun, Or Is There?

The only way you can truly evaluate these efforts is by doing some

split testing…

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A

Page 120: There's Nothing New Under The Sun, Or Is There?

B

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Can you guess which one did better?

Page 122: There's Nothing New Under The Sun, Or Is There?

B = 17% improvement

Page 123: There's Nothing New Under The Sun, Or Is There?

…Never Assume Anything!

Page 124: There's Nothing New Under The Sun, Or Is There?

I’m the 1st to admit this isn’t

Rocket Science

Page 125: There's Nothing New Under The Sun, Or Is There?

Which is why it never ceases to amaze me how few and far between

are the businesses that actually conduct themselves this way…

Page 126: There's Nothing New Under The Sun, Or Is There?

It all goes back to the basic premise of this chat….

Page 127: There's Nothing New Under The Sun, Or Is There?

Regardless of how amazing our technology is

Page 128: There's Nothing New Under The Sun, Or Is There?

There’s very little that’s new under the sun insofar as our interactions with ourselves

and one another are concerned

Page 129: There's Nothing New Under The Sun, Or Is There?

THANK YOU : ) [email protected] | 08-2441-8150

The Key Performance Indicator Blog

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