| Articles
- How To Promote Any Business Online |
| Be
Virulently Successful |
The talk of the Internet sometime ago was
about "Melissa" (see http://www.melissavirus.com/).
No, it's not an adult-oriented web site or some new software game but
a virus (see http://www.cert.org).
And the devious way that it works is that after opening the infected email
attachment, it sends a virus-infected email to the first 50 people in
your address book automatically.
While we're bombarded with anti-virus warnings
telling us to never open an attachment from someone we don't know, how
can we resist doing so when the email comes from someone we actually do
know (since the virus uses personal address books to multiply itself)?
In fact, Melissa uses Microsoft Outlook's mail merge command to actually
incorporate the recipient's name within the body of the message, making
the seemingly personalized -- and unsuspectingly harmful -- email to be
instantly trusted. Because of this vulnerability, Melissa is reported
to be the fastest-spreading virus to ever appear on the cyberscene.
>Nevertheless and interestingly enough,
we can certainly learn the way Melissa (and viruses in general) work and
act -- and, in the same way, apply that process and strategy to online
marketing. Also known as "viral" marketing, the concept is generally to
proliferate the knowledge of your existence on the web through other people's
efforts. Be it "word-of-eye," referrals, affiliates, joint ventures, and
so on, it all comes down to that fundamental business process we call
"networking." And according to Jill Griffin's wonderful book "Customer
Loyalty: How to Earn it, How to Keep it," we are more open, trusting,
and loyal when doing business with (or being marketed by) people we know.
Make Your Net Work
Online, networking is probably more important
since cyberspace is dimensionless and expansive. It grants you the ability
to reach corners untapped; areas that would have been unreachable otherwise.
However, there's a caveat: There's a lot of hype lately about the benefits
of networking, but I personally don't advocate traditional networking
(the "I'm open for business" kind) because, in my experience, it hasn't
brought me anything substantial in return.
While it can be a fantastic marketing tool,
the way in which networking is conducted is often the reason why it does
not produce any favorable results. When you're only networking, more often
than not people will want something in return or else they will lose interest
if you don't take the time to recognize their efforts. And if you don't,
you will paradoxically need to network even more, which defeats the purpose.
A way to consistently reward your network
is to turn your networking efforts into networking systems (in other words,
developing strategic marketing alliances). If you and your alliance share
a similar target market, you can effectively cross-promote or share markets
with each other. And while there are as many different forms of systematized
networking out there as there are businesses, one of them that is quite
effective is what I call "info-networking."
An info-network is one in which information
is exchanged in some form or another between parties. That information
includes qualified leads that you can both share or information about
each other that is promoted to each other's market or client base. As
long as your alliance logically shares a same target market with you but
without directly competing with your business, it can become a potentially
rewarding relationship. This includes, for example, swapping ad space
in e-zines, posting reciprocal links, co-advertising, submitting articles
for publication, participating in discussion lists, etc.
But info-networking goes further. It also
refers to mailing lists where you can swap each other's prospect or client
lists -- particularly offline or "opt-in" lists. For example, many web
sites and e-zine publishers have opt-in lists that range from 100 to 100,000
subscribers. Many cross-market their lists, such as offering "solo" ads
or offers from other subscribers -- but of course, at a cost. However,
if you publish your own e-zine or maintain your own opt-in lists, the
obvious advantage is that you can swap "solo" ad space with each other.
Joint Ventures, Co-Ops, And Exclusive
Offers
However, there's another form of networking
that may be more effective, particularly for those of you who do not share
your lists. I call it "auto-networking." This system goes beyond simply
submitting your site to search engines, swapping your ad with others,
or placing your offer on "free-for-all" links directories -- all with
the hope that they will produce something in return. It means a process
through which you are constantly and systematically exchanging leads with
your strategic alliance. On the Internet, this technique is one in which
a systematized method of cross-promotion between you and your alliance
through a unique, joint marketing effort is created.
For example, this includes an exchange and
coupling of complementary coupons or special offers that are exclusively
marketed to the each other's clientele. Another is the process of amalgamating
products, services, offers, or information that complement each other's
portfolio. If your ally sells a product online, they can add to that particular
purchase additional bonuses from your web site or business, which may
include your special offer or one of your products that complements theirs.
You can even create an entirely new and
distinct product, service, or information package from both companies
and sold simultaneously from both sites. Here's an example: You sell cookware
online. You can easily team up with a publisher specializing in cookbooks
and throw a book in the mix. While you raise the price and split the profits
with the publisher, you naturally and instantly raise the perceived value
of the cookware through a co-branded or combined package of non-competing
products or services. Best of all, you share in each other's traffic,
market, lead-base, and referral-sources (i.e., network).
Here's another example: If you're a software
programmer and you have created a program that, say, targets businesspeople,
don't just give it away as shareware. Offer it to other sites that target
businesspeople as well. While your program may not relate to your alliance's
product, they both appeal to a same market and together make the offer
more irresistible. In addition to the fact that your program makes your
alliance look good or their offer more palatable, if your shareware is
copyright-free you get your software to multiply itself -- especially
within a market of much higher quality by virtue of the nature of your
alliance's business.
Ultimately, you can create affiliations,
alliances, referral-sources, and centers-of-influence that will help to
propagate your online presence and, like a virus, multiply your online
marketing punch.
Originally published
in IMC's Internet Marketing Chronicles. Subscribe
for FREE and we will send you Internet marketing tips, tricks, and
strategies just like this every Wednesday! Click
here to subscribe and get more details. Over 110,000 opt-in
subscribers can't be wrong ...
|
|