Hmmm…. your customers are creating the market place now not you. Give us choice and we will take it! Look at us has been replaced with look at what we are doing. The big question; is your marketing designed for a static world or an ever changing one?

Markets will always outperform individual businesses, they also learn a lot faster and are better connected than  business too. If you’re marketing ain’t broken, its about time you asked yourself why? As Jeff Jarvis said “The mass market is dead. It committed suicide. Google just handed it the gun.”

Most companies, for the last 10 years, have taken the easy way out to market their brands, they have essentially bought customers. Sadly, its cost more and more and had less and less impact. In the past it was about driving traffic to your business, now its about loyalty.

Remember this equation; Feeling valued = loyalty + commitment

Most of us are still acting as if what we do is scarce. Shouting isn’t going to get you heard above the crowd, not when everyone else if shouting too. Now really is the time to tear up the marketing you have been doing in the past. Measure its return on investment and, then when you’ve picked yourself up off the floor, go and find some other way of connecting with your customers.

As the new tactics of marketing really start to have their say, as the case studies begin to roll in and as the mass market gets used to using these new tools to communicate, connect, share and collaborate with customers, it will demand a significant shift in your business too.

Gone are the days when you bought a bit of advertising and then waited for the customers to roll in. We’ll laugh loudly with slight embarrassment in a few years time when nostalgically we remember the days when we used to send brochures and leaflets out in an attempt to attract people to our business.

This change is unprecedented and like a ball rolling down a hill its gaining momentum. As Clay Shirky says “Communications tools don’t get socially interesting until they get technologically boring. The invention of the tool doesn’t create change; it has to have been around long enough that most of society is using it.” Well they are getting boring and whilst we may be a little way off mass adoption, it will hit us like a barge pole from behind if we are not prepared.

It won’t necessarily mean marketing budgets will soar, in fact they are likely to plateau if not reduce. Individual customer experiences and solid relationships will become more important than you being in the local rag (mainly because it may not exist anymore.) What social media may do is reduce your marketing budget but be aware it may also increase your own personal time investment in communicating.

I’m cheating today, but hey if someone posts something concise and great, why not share it, it’s what blogging is about! Fabulous post by Seth Godin, got me thinking anyway.

http://sethgodin.typepad.com/seths_blog/2010/01/in-between-frames.html

It must be in our genetics, we seem to complicate even the simple stuff. Often, in an attempt to control, feed our ego, or basically seem more intelligent than others we create complications. We are then seen as the expert, whereas others, merely ignorant or confused.

Factors that are simple to follow we over complicate like systems and procedures. Government is a specialist at this. Systems are meant to simplify life but often they result in bureaucratic, unwielding, overwhelming, overburdened clap trap! It’s as far away from innovation as you can get.

Yet, the complicated things like relationships, we try to simplify and, in the worst case scenario, we try to systemise. Systemise something and you suck the life out of it. No wonder as employees, customers and business partners, we get frustrated, angry, hurt and overwhelmed.

Relationships are meant to be challenging, exciting, varied, rich, diverse. Systems and procedures are not.

In all the loudness, the shouting, the telling, the one sidedness of it all, we’ve forgotten what really matters the relationship. The relationship you have with your people, with your customers, competitors and collaborators. Communication is out (far too one sided) and, as we know, conversation is in (its far more two way.)

As Christopher Locke said in The Cluetrain Manifesto, “genuine conversation flourishes only in an atmosphere of free and open exchange.” That means respecting people’s opinions, feeling what its like to be in there shoes, understanding their values and concerns. Attempting to help solve solutions, not absolve ourselves from responsibility by building robust, meaningful relationships.

2010 will mean us becoming more ‘real’ and the web and social media will aid us in this mission next year. Many still think of the web as not real, yet it’s never been more real, more alive, more exciting. It generates millions of conversations everyday. It transports important information every hour and it enables people to stay connected every second. It’s time for you and I to get a grip and think about how the web will help you develop and sustain great relationships next year.

Over the Xmas period I’m writing an eBook considering how business is changing including the fundamental shifts we are experiencing and, also the key things we possibly need to get back to. It will cover between 50 and 100 words all supplied by my colleagues, clients, followers, connections and fans. Although, I may throw a few into the mix.

I’m hoping to provide an overview of some critical factors that will influence the future of work and business. Some of you have been kind enough already to provide some interesting topics such as; value, adaption, substance, competition, talent, time and feel.

It would be great if you could join in! I’ll reference you in the book and provide a hyperlink to your website or blog. Hopefully, I can provide some thought provoking ideas and thoughts with a bit of humility too. Can’t wait for the conversation to start once it’s published in February/March 2010.

If you want to contribute a word or two, please just make a comment on this blog, direct message me on www.twitter.com/annholman or, email me at ann@annholman.co.uk

Thanks!

The walls built up over so many years between customers, employees, management and shareholders are collapsing. This dictates a new type of relationship and commands a new approach. Openness, honesty, transparency, sharing and collaboration that result in mutual benefits and value will drive business performance and, more importantly, business sustainability.

It’s time to throw away the job descriptions, brush aside ego’s, change the emphasis to people, realise your product is as good, or, crap as your competitors and be aware that not one person has the power/decision making role anymore. Leadership too is fundamentally changing.

The impacts of these changes are creating new vulnerabilities and ’sore thumb’ opportunities for businesses. It will mean friction and tension. Fabulous, however, usually great ideas and innovations come out of that!

Just a quickie post today but hopefully a thought provoking one! Wouldn’t it be interesting if we looked at our business, department, division, even ourselves and asked these questions:

1. What if we encouraged our market to be driven by need rather than huge profits?

2. What if we stopped ’selling’ our products and started ’selling’ our people?

3. What if we removed all of the contradictions we have have in our business? Well some of them anyway.

4. What if our business plan was about evolving our company rather than it doing the same old, same old?

It would be intriguing content for a team meeting and brainstorm session. The answers would be even more enthralling!

Business in the past was valued on it’s financial performance, it still is. Increasingly, it will also be based on influence, followers and fans. If we own something we try to protect it. In fact, we can become over protective. For years we have been conditioned to think that we own stuff at work; our team, our customers, our products. Tesco thinks it owns it’s suppliers!

This over exuberance can be detrimental, if not a tad delusional. We can spend lots of money defending something that we actually don’t own. The future, we know, will be based on the value of our relationships with our fellow humans. You can only part own a relationship. You will only part own a product as we collaborate more, you have never owned your people, especially in a war for talent. And customers just ain’t buying that ‘priviledge’ thing anymore.

You don’t own the buildings you work in, you probably don’t own that car you drive and your company probably only lease that computer and mobile you use. We need to shift our mentality from one of ownership to partnership. That way we can work positively on the things that really are meaningful and rationally focus our efforts.

It’s an interesting question. If social media is to, actually it has, taken over and because of the demands of the new marketing approach that’s emerging, why do we need a marketing department at all? In his blog post http://thebrandbuilder.wordpress.com/2009/10/29/becoming-p2p-principal-characteristics-of-the-new-social-business/ Olivier Blanchard sets out that a P2P business (people to people) doesn’t even need a Social Media Director citing that social media is completely embedded in the organisation. He has a point!

Social media removes the need for one department to be responsible for marketing. Indeed, perhaps if a company does have a marketing department, they are completely subverting what social media can do. Marketing, in the future, will be about valuable conversations, enlightening collaborations and strong connections, all wrapped snuggly in a ‘word of mouth’ blanket!

In fact here’s a suggestion, if we are moving from B2C/B2B to P2P, perhaps we need to merge human resource and marketing departments. They have a lot in common in the suggested P2P environment. Retention of staff/customers, loyal customers/staff, great conversations, cultural shifts in expectations and bevhaviour, the way we treat people, the relationships we have, brand equity and so on and so on.

It makes sense, there is so much synergy between the two disciplines now that it would be a shame to miss an opportunity to add value to the P2P relationships we have both internally and externally. By the way, Olivier’s post is well worth the read!