The Tortoise vs. Hare Approach To Business
We all know the online world moves fast. Ideas can be spread in an instant. Technology changes seem to happen in the blink of an eye, and many have come to expect all aspects of business to move and grow at that same rapid pace. Sometimes no matter how fast technology moves, other meaningful growth in business still does (and should) take its sweet time.
I had a recent client with a very small start up consumer product company. The brand has a website with online shopping, a Facebook page and a Twitter profile. Tiny sales and a tiny following is what they had. But that’s ok, because they were just starting. I was hired to do some outreach work to promote the brand online. I got to work and started getting some good response online to the product. Buzz was starting. People began to enthusiastically talk online about the product. Traffic to the company’s site was starting to increase. Their Facebook and Twitter interactions increased. And yes, their sales increased a little bit too. I was feeling pretty good about what I had started for my client.
But in a short period of one month, they decided to abandon the outreach simply because it didn’t result in a huge increase in immediate sales. Although sales did increase as a direct result of the online campaign, it wasn’t immediate enough and it wasn’t huge enough by their standards. I tried to explain to them that the campaign was an investment in brand building and brand awareness. I told them that brand building is a process that happens over time, which leads to measurable increases in sales further down the road. I told them that there will be incremental growth, but to expect instantaneous explosive growth is unrealistic. Slower growth is longer lasting and more meaningful. I told them that they were a new brand that no one had heard of yet. They needed to spend some time, get their name out there, get to know their customers and build some excitement and online talk, then they would begin to see some more significant sales in return.
They couldn’t wrap their minds around that. They saw their dollars go out and expected them to double back in instantly in sales. Brand awareness cannot often be measured directly in sales, especially in the initial stages of a start up. Brand building (which in SM terms is essentially the same as relationship building) takes time. You wouldn’t expect to go out on a first date and be married by the second. Brands need to court their customers a while before they’ll go steady or even consider marriage.
I am right there with the tortoise. I believe a slow and steady pace will lead to more meaningful and long-lasting growth. We all dream of instant success. Wouldn’t that make life easier? But it is rare for a brand to find overnight success and it’s even more rare for those that do to be more than a flash in the pan.
Tweets on LinkedIn. Tweets on blogs. Facebook and Twitter updates on blogs. Blogs on Facebook. It seems that many people don’t want anyone to miss a single word they ever say. Duplicate content is becoming the norm. I brought this up on Twitter recently, and quickly got a bunch of responses from people agreeing that it is a bit noisy. Some said that they hate it but do it themselves because they thought it was just what you were supposed to do. But as far as I know, no one is supposed to do anything in the social media space. If they are, then they neglected to give me that rule book.
My online friend
Whether you are a writer, a blogger, or anyone in any kind of field that involves tapping into your creative side, inevitably you will at some point hit a road block (or a mind block, so to speak.) It’s that sickening feeling in your stomach when you feel like you have run out of ideas or you just cannot move forward on a project. Here are a few tips that I sometimes use when I hit that brick wall.
I’m all for keeping a finger on the pulse of what consumers are saying and thinking, but there seems to be a new trend in over-reliance on crowd sourced results to direct business, especially when it comes to creative work. Crowds, especially of the consumer variety can be very useful for feedback on new products, but be wary of inviting crowds into the intimate creative places of your business. From graphics, logos and websites to tag lines, brand names, domain names and even the products themselves, many businesses are turning to crowd sourcing to get their creative work for free or practically free. As a creative entrepreneur, I find this trend a bit disturbing, not just because it degrades the value of true creative work, but because it can have a larger negative impact on businesses and their brands.
Ok, I’m going to make a confession. I’m coming out of the closet and admitting that I watch American Idol.
A few weeks back, this direct mail piece came addressed to me from Dish Network. It features a picture of an olive-skinned and black haired beauty on the front and handsome dark haired, stubble-bearded man on the back. Beyond that, I cannot tell you what it says because it’s written in Arabic. My husband and I first had a little chuckle about it, but the longer this piece sat on my desk, the more it bothered me. It appears that it was sent to me because of the ethnicity of my last name, however I have a distinctly Armenian name, not Arabic. Although Armenia is in the general area of many Arabic speaking nations, Armenians actually do not speak Arabic as their native language; they speak Armenian. Different culture, different language and different alphabet altogether. 
































