 |
 |
 |
 |
|
Marketing
Book Reviews - March 2010
|
|
|
|

|
Flip
the Funnel: How to Use Existing Customers to Gain New Ones
By Joseph Jaffe
Published by John Wiley & Sons, Inc.
ISBN: 978-0-470-48785-3
Hardback; 286 pages
|
To meet today's pressure to attract
new customers, many companies pull out all the stops in
order to woo strangers to sample their wares. But it's usually
at the expense of their existing customers-the lifeblood
of the business and the primary contributors to profit--who
are far too important to ignore. The time has come to flip
yesterday's outdated marketing funnel. To grow your business
and shrink your spending, the trick is to shift your focus
away from ending with the acquisition of new customers to
starting with your current customers. What once was the
end is now the means. Retention has become the new acquisition.
In FLIP THE FUNNEL: How to Use Existing Customers to
Gain New Ones, thought leader, provocateur, influential
blogger, and best-selling author Joseph Jaffe explains how
to reprioritize and reprogram critical aspects of business
with a combination of common sense, wisdom and a healthy
mix of new, revolutionary ideas, including - but not limited
to:
-
Recognizing
and rewarding customers who have a material impact on
sales through the 3 c's of content creation, conversation
and commendations (referrals)
-
The
shift from paid advertising to ongoing conversations with
customers in the form of community, clubs, forums, groups,
and proactive dialog through social media
-
Enhancing
and activating superior customer experience that in turn,
spurs glowing word-of-mouth
- "Firing"
or "relegating" chronic complainers and other
potentially destructive customers
- Harnessing
the hidden potential of advocates and influencers as evangelists
and ambassadors to act as effective "salespeople"
for your business
- Turning
customer service into "a" if not "the"
key strategic differentiator in the corporate suite
- Introduction
of the 10 new rules of customer service
- A
complete reversal and replacement of the traditional marketing
funnel (AIDA) with a revolutionary customer-centric activation
model (ADIA):
- Acknowledgement
- Dialogue
- Incentivization
- Activation
- The
presentation of a 3-pronged 3-C (Content, Commerce, Commendations)
action plan that outlines how to create the new acquisition
- The
REAL role and purpose of social media - not as an acquisition-based
tool or platform, but rather as a retention panacia. Too
many companies are currently making the mistale of trying
to treat social media s advertising or even P.R. It's time
to change that.
With
his trademark contrarian style, Jaffe cites real-life examples
of companies that have prospered from continually catering
to their true believers: Zappos, which transformed buying
shoes into a WOW experience that sparked runaway word-of-mouth;
Panasonic, which humanized their brand by creating a "Living
in High Definition" community to educate and empower
customers with tips, tools, stories and ideas; Nike, which
flipped the funnel with their Human Race and Nike+ initiatives
that give customers a sense of belonging; and even President
Obama, who - contrary to popular belief - does not owe his
marketing success to new media or even social media, but rather
to "flipping the funnel".
Acknowledge your customers, engage them in conversation and
activate them so they can amplify positive buzz for your company
more effectively and less expensively than any of your best
salespeople could do. If you do, you'll not just get short
term results. You'll create a new customer-centric ecosystem
that is self-sustaining and incredibly valuable.
|
 |
The
New Rules of Marketing and PR: How to Use Social Media, Blogs,
News Releases, Online Video, and Viral Marketing to Reach Buyers
Directly, 2nd Edition
By David Meerman Scott
Published by John Wiley & Sons, Inc.
ISBN: 978-0-470-54781-6
Paperback; 320 pages |
The social media landscape has changed dramatically in the
last three years. When the first edition of David Meerman
Scott's The New Rules of Marketing and PR was published
in 2007, Facebook was only available to people with a .edu
address, and Twitter didn't even exist. While the drive
toward usage of new media grew, marketers faced a steep
Web curve on how to apply new marketing strategies.
The decade's end also produced a need for an updated version
of Scott's future-focused marketing book. While online marketing
is now readily embraced by marketers, Scott's updated edition
of his BusinessWeek best-selling book, The New Rules of
Marketing and PR, offers new and timely insight on Web 2.0
marketing success stories and actionable how-to rules to
follow.
David Meerman Scott launched the first edition of The New
Rules of Marketing and PR by pioneering a tactic that attracted
the attention of hundreds of bloggers typically overlooked
by marketers at the time. Since then, The New Rules of Marketing
and PR has garnered numerous awards, been adapted at universities
and in politics, has been translated into 24 languages,
and even sparked the idea for a series, The New Rules of
Social Media. More importantly the book has provided a hands-on
manual for new marketing.
Marketing campaigns have never been the same, and with a
new decade brings new opportunity to connect online with
buyers and communities.
For The New Rules to remain relevant, the second edition
of the book has been extensively updated and includes over
40% new content. "I've checked every fact, figure,
and URL," says Scott. "I've also listened, and
in the past two years have met thousands of people who shared
their success stories with me, so I've included those experiences
in the book, along with new major marketing campaign success
stories"
The New Rules of Marketing and PR explains how to harness
the power of the Internet, how to identify the right audience,
create compelling messages and get those messages directly
to your targeted community. Scott also addresses the powerful
new must have tools in a marketer's arsenal including (but
not limited to!) Twitter, Facebook, and LinkedIn.
New case studies reveal how a Facebook group drove 15,000
people to the Singapore Tattoo Show, and how a film producer
created a World Wide Rave by making the soundtrack free
for download.
However, Scott's underlying message remains the same. "The
tools of the marketing and PR trade have changed,"
says Scott. "The skills that worked offline to help
you buy or beg or bug your way in are the skills of interruption
and coercion. Online success comes from thinking like a
journalist and engaging as a thought leader."
|
| |
|
 |
|
|