links for 2011-07-14
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Google confirmed that it's planning to roll out business profiles to its new Google+ social network. The news is bittersweet for small to midsize businesses (SMBs).
Bitter, because it takes time to create new profiles and learn a new ecosystem. Sweet, because what Google can potentially offer through pages for SMBs is significantly more compelling than Facebook's Pages. That's even despite Google+ just getting off the ground, while Facebook counts more than 750 million users.
Why? Since Google's inception in 1998, the company has concentrated on building all the services we already utilise for both personal and business use. All it needs to do now is tie them all together.
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So I remain torn over whether I'm making a mistake to be adopting Google+ so readily, just as I wonder if ardent Facebook and Twitter and LinkedIn devotees, among others, are making the same mistake. At the moment I've decided the value I get for what I give is worth it.
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A series of high-value IPOs have already happened this year, with the likes of the profit-free digital music service Pandora floating for $2.6bn last month and LinkedIn going public with a market valuation now touching $9bn. The new generation of the internet is here. Gone are the days of the information web – it is now all about the social internet and companies like Groupon and Zynga are the new hot tickets for investors.Sky-high valuations are back after a long drought for hungry investors. With Zynga's IPO off the blocks – which could see the young company valued at an eye-watering $20bn only four years after founding – and Facebook's IPO expected in the first half of 2012 setting its value at a potentially whopping $100bn it's understandable why the words technology and bubble have begun to be linked again.
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A crowdfunding site can be a great way to simplify the process of seeking financing from, say, family and friends. And until now, most business owners using the sites have been looking for very small amounts ($10,000 or less). However, according to the Journal, the sites are beginning to enable larger transactions as more business owners are turning to them.
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Furthermore, the number of consumers agreeing that they rarely pay attention to adverts on social networking sites rises to 70% of users aged 25-34. In Mintel’s latest report examining the social media and networking market, just 11% of consumers say they actively pay attention to advertising on social networks whilst almost a third (31%) listen instead to recommendations for products and services from their online social network.
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Regardless of whether people are creating a mini-economy around their project idea, or simply generating cash for a wider charitable cause, these types of strategies are rooted in connecting and stimulating a Crowd. Crowdgiving defines project and cause- and whether the users of JustGiving realise it or not, they are the integral part of this new charity fundraising model.
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For many companies presenting targeted information to their customers, employees or shareholders is a key goal – it stops people searching for information and finding alternatives. Apps provide the perfect delivery mechanism for this kind of targeted information and will continue to grow as more and more information needs to be delivered.
Of course, we shouldn’t forget the ‘cool’ factor of apps. Many marketing teams will want to create apps just to show that they are trendsetters in their industry … and soon everyone else will have to catch up. In fact we are entering a period now where not having a mobile app will be the sign of a ‘dinosaur’ organisation, much like not having a website was in the mid to late-90s.
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links for 2011-07-10
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The Murdoch empire fractured, a Conservative prime minister attracting bets on his resignation, the Metropolitan Police on the edge of yet another existential crisis and the political establishment in disarray.
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Whilst over on the Isle of Scillies this weekend, I saw a very simple but very effective execution of the “be helpful” mantra. Seasalt Clothing is a Cornish business that prides itself on beautiful design, ethical processes and high quality fabrics. Its branch on St Mary’s (on the Isle of Scillies) stocks the majority of its range and is in a prime position on the largest island. There are a number of clothing stores located nearby, all offering beach/surf/outdoors wear. When the bus or taxi drops you from the boat or the helicopter in town, the first thing they say is “before you leave for the heliport or harbour, check your return flight/boat is on time by popping into Seasalt and they’ll let you know of any delays.”
“Hmmm…that’s really helpful,” I thought…..
…….whilst simultaneously buying £40 of organic cotton kidswear.
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Tags: be helpful, business, case study, Seasalt Clothing
pop up retail – old school style
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Tags: community, noticeboard, pop-up retail, Scillies
When I pick up a shiny new top off the shop rail, nothing makes my heart sink faster than a “one size” label. Why? It never fits. You’re pretty much guaranteed either your boobs, your tummy or your bum will be mercilessly exposed by a garment designed to be OK for everyone but that usually provides a poor result. And it’s usually the one part you want to hide that ends up on show.
I hadn’t intended to start with a shopping analogy but hey ho, I am short of time so let’s press on.
We’ve been doing a lot of work recently with small to medium sized businesses and it never ceases to amaze me how many companies just don’t get what they need.
Small yet individually formed
In March this year, when David Cameron told the Conservative Party Conference ““There’s only one strategy for growth we can have now…and that is rolling up our sleeves and doing everything possible to make it easier for people to start (and) grow a business,” a line was drawn in the sand.
Only two months later, business secretary Vince Cable stood on a national stage alongside Lord Green and William Hague to announce that, “we’re rightly proud of British firms and making sure they can increase their exports to a worldwide audience is vital if we are to rebuild our economy.”
From grassroots campaigns to large-scale media pushes by the likes of The Mirror and The Independent; Google’s “get your business online competition” to HSBC’s small business confidence monitor, championing British small and medium-sized businesses and wanting them to succeed has never been more fashionable.
This is different.
If the UK is to recover from recession and bounce back from the economic woes that currently face us, we need small businesses to succeed.
Q. But how many large organisations truly understand the needs of small businesses?
A. Not many…..at least not when they are trying to communicate with them.
The most common complaint we hear from journalists (and the counsel we provide for our clients) is that the story IS different….solutions selling doesn’t work in the same way for SMEs as for large enterprises. As for targeting audiences by job title, how does that achieve the desired results when the HR director is the finance director and the marketing director and the managing director all rolled into one?
From IT complexity to changing taxation; super-fast rural broadband to money laundering regulations; cloud security to the cost of “free”; understanding changing privacy laws to increasing remote working and the power of micropayments to the impact of mobile technology. As the managing director of a small British business today, there is currently a LOT going on in your head.
And the end game? Cutting costs and achieving growth.
So where are the danger points? And why do (according to Experian) over 1800 small businesses a month fail in the UK?
According to Jonathan Hogg in April’s Independent SME supplement, “businesses fail to understand that the most successful time in a company’s life is its most dangerous time” and attributes this to what Freud called “totems and taboos”.
“Totems are ideas that become so sacred they cannot be questioned and taboos are the questions that cannot be asked. They arise from some very deep-rooted human instincts…reflect our natural conservative bias in the form of a reluctance to change….and the herd instinct where everyone wants to agree with the majority.”
And why this reluctance to change? At an enterprise level, businesses usually have non-executives to lean on. To spot trends, point out pitfalls and to provide experience from learning the hard way. But what do SMEs have? Very often a combination of gut feel and a very small amount of spare time.
Doing well by doing good
In the UK at present there is a real opportunity to provide not only support, education and competitions/giveaways to the SME market but genuine help. The media want this, the government wants this and only a very few global organisations are really doing it.
I believe here is a wealth of industry knowledge, support and mentorship sitting within vertically-focused global businesses that can be shared to mutual benefit with the SME market in the UK.
What does this mean for PR and social media?
Where the focus on technology in the broadsheet media has shrunk over the past ten years, the tabloids, regionals and small business/consumer titles have seen an increase, particularly online. An increase in blogger credibility, search and link-led marketing, has meant that ideas MUST be good enough to be shared amongst friends and colleagues and campaigns must deliver more than just news.
What works?
Businesses that are succeeding in reaching SME and industry audiences through print, broadcast and social media are using a simple but successful communications formula:
Simple language + human angles x strong support from real businesses= PR success
In the UK, there is a real opportunity to take initiatives such as business mentoring and community partnerships a lot further. PR-wise, it amazes me that still companies are not talking the language of small businesses, instead burying all the interesting stuff under mountains of product marketing speak.
The smart company that can couple the wealth of interesting business news that its end users generate EVERY day with the political, social and macroeconomic picture in the UK today (alongside providing genuine support for British businesses) is a PR success waiting to happen. So come on then, who’s game?
(cross posted with my employer’s blog)
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Tags: business, community, mentoring, SME




