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Richard Wright and the Pink Floyd Brand

Pink Floyd pianist/keyboardist Richard Wright passed away today. Apparently he had a short bout with cancer.

Richard Wright was one of the original founding four members of the Pink Floyd in 1965 and aside from a brief period as only a “session” musician when Roger Waters essentially ousted him, Wright has been with Pink Floyd through its entirety from Piper at the Gates of Dawn to the Division Bell.

The Pink Floyd brand is an awesome example of residual equity where the investments you made long ago continue to pay off. Not just monetarily but in all fashions. People know Richard Wright. Maybe not by first name but certainly by association with one of the world’s more popular rock bands of all time. Wright exemplifies the power of a lasting brand and the character necessary to succeed.

When Floyd originally set out to play music, they were categorized as a blues band but with some psychedelic flavor. But it was Floyd’s breakaway from the Blues resemblance that ultimately helped push the envelope of Pop Rock at the time and set themselves apart from the British Invasion of which several other bands of longevity such as the Beatles and the Rolling Stones were formed.

So shouts out to Richard Wright, his family, and remaining members of the Pink Floyd. Your influence on Art, Pop Music, Rock-n-Roll, and society all together is one of extraordinary force. Wright’s passing should be one of celebration and acknowledgment for a true contribution.

Peace be with you, Richard. You were Pink Floyd as much as Pink Floyd was you.

September 16th, 2008, posted by yhurg

Promise in Automotive Blog Marketing

Just returned from a workshop we held today with the Automobile Dealers Association of Greater Philadelphia (Shouts out to Greta, thank you). The workshop concentrated on providing attendees with an applicable technique they could deploy at the dealership using their Blog, Email, SEO, Social Media Networking sites, and Video.

Interestingly, none of the near 30 attendees representing more than a dozen dealerships reported their dealership having a blog. While I am not surprised by this, I do think it hints at the blue ocean still remaining before us in the auto industry of incorporating blog strategies into a car dealer’s Internet Marketing Strategy.

The purpose of our workshop today was to show dealers a real-life way to utilize their blog in their Business Marketing and Advertising plans, the importance of permission-based email marketing, and how SEO must be considered a core part of any online marketing campaign. It was presumed that attendees had already crossed the Internet bridge and the SEO bridge, and we anticipated that many people present would be hoping to learn how to get a blog or start blogging. I confess not clarifying well enough in the beginning that our emphasis was on how to utilize your blog versus how to get one but I am confident people still were able to take something home that was useful.

The message we shared today is one that I have seen evolving in recent years and fortunately being embraced by most dealerships today. It’s the idea of selling a relationship and not a car which really is just Sales 101. But more important than the message is the “How?” and “Why?”. While the idea of selling a relationship and not a commodity sounds good and all, pulling it off is a challenge, especially for car dealers. And that is what we really covered today. Why use a blog and how it can be utilized?

So while the dealer industry is still in its infancy for incorporating Blog Marketing Strategies into their Business Marketing and Advertising plans, it was evident today seeing how much more welcome the idea of using blogs has become for dealers. A year ago I would have been chased out the room for saying the “B” word. Today it seemed we couldn’t talk about it enough.

September 10th, 2008, posted by yhurg

Keeping it simple - Your Business Marketing and Advertising Message

We are in the process of rolling out 3 new websites. One to represent our product, one for training, and one for our online business community. It’s a lot to chew on for a start-up like ours with minimal capital and human resources, but it has become necessary.

While most people would balk at the idea of a 3-site presence, today’s market welcomes it. The Web is kind to those with a simple concise message, and a simple concise message we have not. Sure you could simply say that we help promote Car Dealer Websites, but people want to know how and that’s where it gets complicated.

Our “sophisticated message” is due in part to my own personality as I am prone to focus on the tactical or mechanical aspects of a Business Marketing and Advertising plan, but what we do is also new to the Automotive Industry so when we pitch our product to people they do become interested, but many struggle to get their heads fully wrapped around what we do which of course makes it more difficult to sell.

Our Business Marketing and Advertising message has 3 audiences and our ultimate goal is to be a bridge between consumers and industry. My hope is that by carving our message into 3 distinct and functional websites it will help to simplify things by giving people simpler and more tangible pieces of our message along with the ability to do something with each piece.

September 8th, 2008, posted by yhurg

Favre’s $20 Million Marketing Blog

More details are being revealed on ESPN.com regarding the $20 Million marketing package supposedly dangled before Brett Favre by the Green Bay Packers. Recall that I originally wrote on this a couple weeks ago, commenting on how strong your brand must be to be offered $20M for not competing against your former employer.

Part of this “marketing” package was that Favre would have his own blog on the Packers website. I don’t know if that means on Packers.com, the NFL-provided Packers site, or if the Packers have another site. I checked the Packers.com site and there is a sub-menu for “Blogs” under the “News” tab, but it’s a pretty limited blog. Entries are up to date but definitely no sizzle and from what I see you can not comment on it. Almost seems more like a “Latest News” bit.

I am curious to know what the Packers have in mind for a Brett Favre blog. How involved would he be? What would it set out to accomplish? Is there much risk in such a blog tarnishing the legendary reputation of Favre? I find such scenarios fascinating because they push the envelope a bit. Plus the idea of a mega-corporation like this including a blog in such a package says a lot for the general value of blogging.

Another consideration here which I think speaks highly of Favre is that he has now taken a job with the Jets. I respect Favre in that playing football truly is his motivation. He does not seem particularly concerned with his legendary status, the Packers organization, or a $20M Blog Marketing package. That says a lot about Favre and is probably a (good) omen to his destiny. Favre is driven my the spirit of playing football and that should take him farther along than any of these other dangling lights and distractions.

August 15th, 2008, posted by yhurg

The Wild West of Online Communities

Funny how writing about topics perpetuates the subject in conversations. This week I had conversations with multiple people about the Online Communities they either run or in which they participate. In all instances the conversation pinnacled on a specific thought - Is the community in response to a need, or trying to establish one?

Online Communities created for the sake of being an Online Community pose a tough question…WHY?

Why create an Online Community simply for the sake of having one? Does it not make more sense to create one out of a growing need, or better yet, let your community evolve naturally from demand of an existing audience?

With social networking and online community software as abundant and cost-effective as it is today, many are lured in to the idea of creating an online community simply because we can, well in theory anyways. What is the motivation here?

Money of course is one reason. Not in all cases but in many instances it is. The Internet has developed this evasive stigma that you can make money by having an audience. Well, yes, you can, but can you make enough money for the amount of time you put in to it?

Recognition is another reason. I seriously think the desire to have your own online community tantalizes this fundamental human need. We all want to be recognized for who we are and what we do.

Opportunity is one, particularly for business folk and people prone to networking. An Online Business Community holds out some shiny bright lights of opportunity for many of us.

Reality is there is a lot more to establishing an Online Community that most consider, which is why so many come and go. Like websites and software, most people completely underestimate the requirements for success and effectiveness in these areas. And while there certainly are proven methods and best practices for establishing community, the process is certainly organic and requires vision, commitment, and dedication.

This is why I think that Venture Capital can be dangerous. If a person or group start pouring money into developing an Online Community from scratch without having an actual product or service then what is your community accomplishing and where can it go before the funding runs out? It’s a tough reality because it is all too simple for us to think we have a revenue model that will work if have an audience. The school of hard knocks will most likely reveal that your audience itself is what will perpetuate the need for, or at least sustain any effort to establish an Online Community.

Like the Dot Com days that reach unfathomable heights, so too is the practice of creating Online Communities becoming a Wild Wild West in online communications.

August 8th, 2008, posted by yhurg

Building Your Online Business Community

Online Business Communities have rapidly become a competitive marketplace. Companies are investing millions into their own communities, and with mixed results.

According to a recent article on SocialMediaToday.com, author Jerry Bowles writes “…several giant corporations have launched online business communities aimed at engaging small business owners and managers through a conversational social media approach” and lists more than half a dozen companies having invested $1M to $5M each into their Online Business Communities. Membership counts in these online communities range from single digits to tens of thousands. Time obviously a major factor for low member counts, but not the only reason.

Sites such as LinkedIn and Plaxo which are universally geared towards Online Professionals and fall in to the Social Networking category generate a lot of buzz traffic and offer a useful way to keep connected with close and distant contacts have an advantage in that they are not tied to a tight niche market or industry. Online Business Communities for big corporate well-known and established companies such as those listed in Bowles’ article, e.g. American Express, Visa, Dell, Intuit/QuickBooks, have the luxury of pre-exisitng large member groups with common and also recurring needs and interests specific to those organizations and their products also have an edge with their Online Business Communities because of those factors.

But one category of Online Business Communities to question are those in the niche market segments or industries that are starting up. We touched on the subject a couple weeks ago with DrivingSales.com, but there are others. The challenge with such Online Business Communities is their unique value proposition. Without an actual product or service, what are these online communities accomplishing? What can they do to develop and keep an audience aside from developing an audience for the sake of it?

Bowles makes some excellent observations that are good take-aways from his article which such all communities must consider.

3. The quality of the content of a web community trumps the most well-financed demand generation program. No amount of promotion can keep people coming to a community that is not engaging and useful.

6. Participants in smaller business communties are more engaged and likely to participate than those in bigger communities so make your community only as big as it needs to be. Two thousand engaged and qualified potential customers is better than a million page views.

8. That leads to what I modestly call Jerry’s corollary: the online communities that are most likely to succeed are those that are focused narrowly on engaging buyers of specialized, high-end products.

A concern with Online Business Communities that sprout from venture capital and which are designed for niche market segments and industries rather than evolving naturally from its customer audience is that through mere idealism they are putting the cart before the horse so to say in that they expect a software communications system to perpetuate the need for a business model.

MySpace evolved out of the need for bands to promote themselves which led to widespread popularity in promotion of individual persons. Facebook evolved that commodity into a more marketer-friendly environment. Both of these catered to a specific generation (or two). LinkedIn honed that down to a universal class of people, i.e. Online Business Professionals. But these sites are ultimately appeal to millions which is what gives them a chance to be successful.

Banking your model on something that will only appeal to a few thousand people makes for tremendous challenge. It limits advertising capabilities and puts you at the disadvantage with conversions and numbers.

August 4th, 2008, posted by yhurg

Packers and the Brett Favre Brand

You know you have a good Personal Brand when people want to pay you to stop competing. How would you feel if someone wanted to pay you $20M to stop doing what you love? Well, reportedly, that is what the Green Bay Packers have considered putting in the cards to keep Brett Favre off the field.

Now while Favre is a living legend quarterback, I can understand why the Packers are not interested. They have a future to consider. Favre on the other hand does not, at least not in the NFL. He is done. But is it worth $20M to keep him from competing against you? Seems to be a lot of stock put in to a single human being for a team sport.

And what does Favre have to consider? Sure he could come back for another season or two but the chances of winning a Super Bowl are pretty slim. So what is Favre in it for? It can’t be for the money, otherwise he would take the $20M. Does Favre have some  self-indulgent disease that requires he be in the limelight all the time? His move here is pretty selfish if you think about it. He isn’t thinking about the distraction he is causing the Packers’ organization here. Frankly, he is putting his own reputation on the line.

The Packers are doing what is in their best interest, as they should, but I don’t think offering to pay $20M to keep him from competing is the right way to achieve this. If Favre wants to play and you don’t want him then let him go do his thing and muck up some other organization. Offering money to keep him out sets the wrong precedent. The last thing we need are super star athletes thinking if they retire and then threaten to come back and compete they can collect. That just isn’t right.

So while Favre is putting his legendary reputation in jeopardy, Green Bay is squirming to have their cake and eat it too. It’s almost like divorce.

July 31st, 2008, posted by yhurg

W. is bad branding for Oliver Stone

So Oliver Stone is releasing another flick, this one titled, “W.” Guess what it’s about…

Well, apparently, in Stone’s words, the film asks: “How did Bush go from being an alcoholic bum to the most powerful figure in the world?”

Is this really the best question to be asking, let alone pouring millions of dollars into to make a profit? Stone appears to more interested in his own narcissist conspiracy theories than a true empirical study. Based on reviews and feedback I have seen, Stone may even be putting his own reputation on the line with this flop.

But who knows, maybe the American people will eat it up. No doubt the rest of the world will. I do question the impact this will have on Stone’s legacy. Oliver Stone makes good movies and is certainly a credible name brand, but he is not flawless and this W. movie could very well be a sign of the times for Mister Stone.

Here is the trailer. You decide how you think this will affect the Stone brand.

We all have our problems and our vices. But we still have a role in life. You don’t make it to the White House by being a drunken bum, let alone by being an arrogant dumb ass. There is an element of Providence in that life achievement and to toss it out there as some sort of extreme and mistaken good fortune demonstrates an inability to comprehend, or at least an element of denial for acknowledging a Supernatural aspect in life.

This is bad branding for Stone. I think he will be the fool with this product.

July 29th, 2008, posted by yhurg

PickensPlan - Saving America with Alternative Energy Sources

A couple weeks ago there was an ad on television of a Texas gentleman by the name of T. Boone Pickens. It was a good ad on the subject of Alternative Energy Sources. It started off with sound bits and slow-moving imagery of presidential candidates John McCain and Barack Obama. The advertisement alternated between the two making statements about the United States’ energy situation. Then Pickens himself chimed in.

Pickens is a senior Texas oil man apparently. As Senator Joe Lieberman has stated,

Pickens is somebody who’s in the oil business. He arrived in time to tell us we can’t drill our way out of this problem. He’s for using oil and gas as a bridge to what he, quite directly, says is the “non-hydrocarbon energy future.” He is ahead of us in Congress, so I thought his testimony was educational and, I hope, motivational.

In the ad, Pickens stated that America needs more than talk about our present energy situation and Alternative Energy Sources. We need action. But not just any action. A Plan of Action. And that is exactly what Mr. Pickens has…a plan and it is called PickensPlan.

PickensPlan is no joke. It is a “less than 10-year” plan to save America more than $300 billion dollars a year by shifting our exiting energy usage into new areas and replacing it with alternative energy, primarily Wind Power. I won’t bother re-iterating it here because you can visit the official site and watch a 6-minute video about it, or you can watch it right here, right now.

Now this leads to the other reason I am psyched about PickensPlan for Alternative Energy Sources. Whoever is behind PickensPlan from the Online Marketing standpoint is friggin on his game. PickensPlan starts its Alternative Energy Sources message with its website on the social network Ning. It has a straight-forward video that puts everything in perspective right there on the home page. It is clear and simple. PickensPlan also has a blog where they are reporting on their progress daily. If you look at the bottom of their blog, or in their email campaigns you also see links to places like their MySpace page, their Facebook profile, their Twitter, their LinkedIn page, their YouTube, etc.

Pickens has it. They get it. I don’t know how much they are investing into this and how many people or organizations are involved but whatever they are doing is working and working quickly. In just their first 2 weeks of rolling out, more than 150,000 people have joined the cause and T. Boone himself is hitting the big time networks, Washington, and the Web with his TRUE plan to save America with Alternative Energy Sources.

July 23rd, 2008, posted by yhurg

DrivingSales.com - Dealer Auto Sales Website Strategy

One of the hotter Dealer Auto Sales Strategy Websites these days is DrivingSales.com. The site is officially in beta mode but it is essentially functional at this point. I have been registered with it now for a few months and recognize numerous names that are signed up. In fact one of my closer contacts is becoming heavily involved with the proprietors.

Anyhow, I have mixed feelings about the Dealer Auto Sales Website. It is designed to be a space where dealers and vendors can network and collaborate. More importantly, Dealers and Vendors can submit an Auto Sales Strategy and receive feedback on it. Dealers can also rate Vendor Auto Sales Website Providers. This is all good in theory, but its a “toot your own horn (or someone else’s)” approach to networking which appears all too common in the Auto Sales Industry.

LinkedIn was one of the first on the scene with this sort of networking system. I have been a free subscriber there for years and have yet established a desire to upgrade to a paid account and LinkedIn is a damn good Networking Space. In order for a Dealer Auto Sales Strategy Website to profit I suspect it will rely on ad revenue. But without appeal to a mass consumer audience this is a tall order.

So, while my curiosity is stemmed, I am skeptical about the Dealer Auto Sales Website. Seems idealistic to me and obviously backed by Venture Capital which I personally find dangerous unless the enterprise entails assembling widgets or is a Finance Business. But for a limited niche networking site how will it pay for itself?

July 22nd, 2008, posted by yhurg

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