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7 lies about starting an online business that society has us believe

http://www.flickr.com/photos/mobilestreetlife/4300532112

“If I had asked people what they wanted, they would have said faster horses.” - Henry Ford

The general public – also known as “people” – isn't always the best source of business advice or tips. This is something that the likes of Henry Ford or Steve Jobs understood long before the world had ever seen their flagship creations.

People thought that what those guys wanted to achieve couldn't be done. When horsepower was the main means of transportation, Ford introduced mechanical horsepower. When the world was crazy about going small as the main trend in cellphone design, Jobs decided to screw it and went large. They just didn't care about “common knowledge” and knew that there's much misconception floating around.

But let's go back to the 21st century and discuss online business, since it's what interests us the most.

Asking for advice is a dangerous game to play, even though it doesn't seem like it at first. For example, if you ask the right person, you will get some great guidance that will help you succeed quicker. But if you ask the wrong person, you will only get sidetracked and lose valuable months going the wrong way.

“Ignore the conventional wisdom. If everybody else is doing it one way, there's a good chance you can find your niche by going in exactly the opposite direction.” – Sam Walton

So just to help you stay on your toes, here's a list of seven common lies or misconceptions about starting an online business. Treat it as a warning sign to help you get through the clutter and on the right path.

1. “You have to be better to succeed”

http://www.flickr.com/photos/mobilestreetlife/4300532112

In every market there's competition. You will always come across people who have been there for longer than you, who have more connections than you, who are more creative than you, who have more money to invest than you, and so on and so forth. This is only natural.

But a very big lie, or should I say excuse that people use to explain why they've decided to quit a given project, is that you need to be better than all those people to succeed.

On the contrary, you just need to bring in something unique about what you're offering. Don't compete with people at their game – the game that they are already better than you at. Introduce a new angle and own it.

Just work with what you have and be different rather than better.

“There is always going to be someone out there that knows they have to compensate for maybe having less talent with harder work and preparation.” – Mark Cuban

2. “You have to search for an untapped niche”

The concept of being the first person on the field sounds very attractive, doesn't it?

But there's on big flaw here. Being first will only pay off as long as the field you've chosen has the potential to become popular. If it won't, you will be just standing there with your business wondering why nobody's coming to buy your stuff.

Joining a niche that already has some players in it, on the other hand, gives you a lot better chance of building something significant.

When you think about it, the fact that a niche is popular means only one thing – that there's money in it. So join an existing niche and get your piece of the pie.

3. “You need to create a business plan”

http://www.flickr.com/photos/29233640@N07/9590785264

http://www.flickr.com/photos/29233640@N07/9590785264

Sorry to break this to you, but business plans are a thing of the past.

And you don't have to take my word for it. Here's what Neil Patel of QuickSprout and KISSmetrics has to say about it:

“If you think having a business plan is going to increase your odds of success, it won't. There are no stats proving that writing a business plan is going to help you succeed. So, do yourself a favor, and save your time.”

Basically, business plans are flawed because they assume way too many things and give you a false impression that you're on top of everything, and that you're ready for every possible scenario that can happen in the future. This clearly isn't true.

So just focus on what you have today and take care of these two elements:

  • know what you're selling,
  • know who you're selling it to.

4. “If you build it, they will come”

Oh the great internet, all you need is a domain, a website, and you can rule the world. Sounds about right, doesn't it?

Let's break this down on a timeline: (1) getting a domain – 5 minutes, (2) getting a Squarespace account, setting up the site and launching it to the world – 10 minutes. Total = 15 minutes.

At that point, all you have to do is sit patiently and wait for people to come in and buy whatever you're offering, right?

Well, I'd love for it to be this simple! Too bad it isn't.

My first personal experience with this issue was back when my mom had her first go at online business four or five years ago. She had a website built (online English course for Polish people), she rented the content, set up some simple e-learning environment, and … crickets. Nobody signed up for months. Months!

It was when I learned that on the web, nothing goes far without promotion.

And this is hugely unlike any other type of offline business. For instance, if you open a cafe in a popular area of the city, you will have people stumbling through the door naturally. On the web, not so much.

In a nutshell, you really need some money set aside for marketing if you want to get your project off the ground.

5. “Email marketing is for the big brands”

http://www.flickr.com/photos/jonny2love/4482942978

http://www.flickr.com/photos/jonny2love/4482942978

With all the social media sites we have these days, all the messenger apps, platforms like Feedly and so on, email is still the most effective way to reach your audience and get them back to visit your site.

It's been reported that every dollar spent on email marketing brings $40 back on average, and not only that, but also the people who come to a website via email marketing, shop more and spend more than those who visit you through other channels (including social media).

The funny thing is that email still manages to perform that well in spite of the amount of spam that's circulating around.

So, there can be only one conclusion here, just get started today. If you're not offering any kind of email newsletter on your site right now, put it on your to-do list and fix it right away.

Companies such as Sendinblue or MailChimp offer free email newsletter software that will allow you to manage your contacts, send out newsletters, and even track the results every message is generating.

Back in the day, having such a tool at your disposal wasn't possible without a sizeable budget or at least some serious web development or programming skills.

6. “You should wait for the perfect idea”

“Don't spend so much time trying to choose the perfect opportunity, that you miss the right opportunity.” – Michael Dell

I think Michael Dell puts it very well.

Building a business, especially in the online is a road filled with many unknowns, guessing, taking risks and trying out things that are as far from “standard business practice” as possible. You will naturally find a lot of failure along your way until you come across that one approach that works.

There's a kind of “chicken and egg” problem with waiting for the perfect idea. Basically, how do you know that an idea is perfect before you test it out in the real world? Well, you don't.

So instead of procrastinating, just get started with a basic, minimum viable idea, and then expand over time once you have some real feedback from customers/audience. Don't be picky. Just take action on the idea you have, whatever it might be.

Which brings me to:

7. “You should come up with your own 100% original idea”

http://www.flickr.com/photos/brickpimp/8450761155

http://www.flickr.com/photos/brickpimp/8450761155

Being this one inventor who locks himself in a hut somewhere in the mountains, works on a new creation, gets no outside contact or insight, and then releases something awesome to the world a year later is a pure fairytale.

In today's world, everything is a remix. Every online business idea has been built on top of a set of other ideas, taking bits and pieces and remixing them into something new.

It seems that the secret isn't to try figuring out everything on your own, but to look at what other people are doing – look at their ideas – and then try giving them your own spin. It's way too easy getting caught up in the process and spending too much time thinking about what to do, instead of just taking action on the information you already have and releasing something as soon as possible.

If you want an extreme example, let's not forget about Bill Gates and Microsoft. What is regarded as their biggest innovation – presenting things inside windows – wasn't an original idea. It's believed that Microsoft borrowed the core of the design and the way it behaved from the early products of Apple – Lisa and Macintosh computers.

Your turn

Finding confidence when building an online business isn't always an easy thing. Not every bit of advice turns out accurate, and it's rather hard to pick the sources you can trust.

In the end, probably one of the best possible approaches is to:

  • take on just the minimum amount of information that you need in order to get started,
  • listen to the tips people give you, but don't treat them as gospel all the time,
  • and then just follow your gut when executing on your plan and ideas.

“The follow-your-gut mentality of the entrepreneur has the potential to take you anywhere you want to go or run you right out of business – but it's a whole lot more fun, don't you think?” – Bill Rancic

The post 7 lies about starting an online business that society has us believe appeared first on Technorati.

By |August 10th, 2014|Content Marketing|2 Comments

Syndicating Content – Whiteboard Friday

Posted by Eric Enge

It's hard to foresee a lot of benefit to your hard work creating content when you don't have much of a following, and even if you do, scaling that content creation is difficult for any marketer. One viable answer is syndication, and in this Whiteboard Friday, Eric Enge shows you both reasons why you might want to syndicate as well as tips on how to go about it.

Heads-up! We published a one-two punch of Whiteboard Friday videos from our friends at Stone Temple Consulting today. Check out "I See Content (Everywhere)" by Mark Traphagen, too!

For reference, here's a still of this week's whiteboard!

Video transcription

Hi everybody. I'm Eric Enge, CEO of Stone Temple Consulting. Welcome to another edition of Whiteboard Friday, and today we're going to be talking about syndicated content. I probably just smeared my picture, but in any case, you hear about syndicated content and the first thing that comes across your mind is, "Doesn't that create duplicate content, and isn't somebody going to outrank me for my own stuff?" And it is a legitimate concern. But before I talk about how to do it, I want to tell you about why to do it, because there are really, really good sound reasons for syndicating content.

Why (and how) should I syndicate my content?

So first of all, here is your site. You get to be the site in purple by the way, and then here is an authority site, which is the site in green. You have an article that you've written called, "All About Fruit," and you deliver that article to that authority site and they publish the same article, hence creating the duplicate content. So why would you consider doing this?

Well, the first reason is that by association with a higher authority site there is going to be some authority passed to you, both from a human perspective from people that see that your content is up there. They see that your authored content is on this authority site. That by itself is a great thing. When we do the right things, we're also going to get some link juice or SEO authority passed to you as well. So these are really good reasons by itself to do it.

But the other thing that happens is you get exposure to what I call OPA or Other People's Audiences, and that's a very helpful thing as well. These people, as I've mentioned before, they're going to see you here, and this crowd, some of this crowd is going to start to become your crowd. This is great stuff. But let's talk about how to do it. So here we go.

Three ways to contentedly syndicate content

#1 rel=canonical

There are three ways that you can do this that can make this work for you. The first is, here's your site again, here's the authority site. You get the authority site to implement a rel=canonical tag back to your page, the same page, the exact article page on your site. That tells Google and Bing that the real canonical version of the content is this one over here. The result of that is that all of the PageRank that accrues to this page on the authority site now gets passed over to you. So any links, all the links, in fact, that this page gets now gets passed through to you, and you get the PageRank from all that. This is great stuff. But that's just one of the solutions. It's actually the best one in my opinion.

#2 meta noindex

The second best one down here, okay, same scenario -- your site, the authority's site. The authority's site implements a meta no index tag on their page. That's an instruction to the search engine to not keep this page in the index, so that solves the duplicate content problem for you in a different way. This does as well, but this is a way of just taking it out of the index. Now any links from this page here over to your page still pass PageRank. So you still want to make sure you're getting those in the process. So a second great solution for this problem.

#3 Clean Link to Original Article

So these are both great, but it turns out that a lot of sites don't really like to do either of these two things. They actually want to be able to have the page in the index, or they don't want to take the trouble to do this extra coding. There is a third solution, which is not the best solution, but it's still very workable in the right scenarios. That is you get them to implement a clean text link from the copied page that they have on their site over to your site, to the same article on your site. The search engines are pretty good at understanding, when they see that link, that it means that you're the original author. So you're still getting a lot of authority passed, and you're probably eliminating a duplicate content problem.

So again, let's just recap briefly. The reason why you want to go through this trouble is you get authority from the authority site passed to you, both at a human level and at an SEO level, and you can gain audience from the audience of that authority site.

So that's it for this edition of Whiteboard Friday.

Video transcription by Speechpad.com


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By |August 8th, 2014|MOZ|1 Comment

I See Content Everywhere – Whiteboard Friday

Posted by MarkTraphagen

Most of us who work in content marketing have felt the strain that scaling puts on our efforts. How on Earth are we supposed to keep coming up with great ideas for new pieces of content? The answer is, in some sense, all around us. In today's Whiteboard Friday, MozCon community speaker Mark Traphagen shows us how to see the world in a different way—a way that's chock full of content ideas.

Heads-up! We're publishing a one-two punch of Whiteboard Fridays from our friends at Stone Temple Consulting today. Be sure to check out "Content Syndication" by Eric Enge, as well!

For reference, here's a still of this week's whiteboard!

Video transcription

Hey, hello. I'm Mark Traphagen from Stone Temple Consulting, and welcome to this week's Whiteboard Friday. I want to talk to you today, starting out, about a movie that I hope you've all seen by now, because this should not be a spoiler alert. I'm not even going to spoil the movie, but it's "The Sixth Sense."

Most of you know that movie. You've seen it and remember it. The little kid who says that creepy thing: "I see dead people."

What I want to give to you today, what I want to try to teach you to do and bring to you is that you see, not dead people, but content and see it everywhere. Most of us realize that these days we've got to be producing content to be effective on the Web, not only for SEO, but to be effective in our marketing, in our branding and building the reputation and trust authority that we need around our brand. That's going to be happening by content.

We're all topically challenged

But if you're the one tasked with coming up with that content and you've got to create it, it's a tough job. Why? Most of us are topically challenged. We come to that moment, "What do I write about? What do I do that video about? What do I make that podcast about? What's the next thing I'm going to write about?" That's going to be the hardest thing.

When I talk to people about this, people who do this, like I do every day for a living, producing, inventing content, they're almost invariably going to put that in the top three and usually number one. What do I do? Where do I get this from?

It's more important now than ever before. It used to be just most companies that did content at all, websites, would hire an SEO copywriter. They'd actually use that term. We need an SEO copywriter. That usually meant that we're looking for somebody who's going to know where to put the keywords in enough times, and we don't really care what else goes on with the content, what they write or how they say it or how good a writer they are as long as they can know the ways to manipulate the search engines.

Well, I think most of us now, if you watch these Whiteboard Friday videos, you know it, that that just doesn't work anymore. That's not going to cut it. Not only does that not really work with the search engines so well anymore, but it's not really using your content effectively. It's not using it to build, again, that reputation, that trust, that authority that you need around your brand and that content can be so powerful to do.

Get yourself some cyborg content eyes

So what I'm going to challenge you to do today is to get content eyes. You've got to get content eyes. You've got to get eyes that see content everywhere. This is what I train myself to do. It's why I'm never out of ideas for that next blog post or that next video. You start to see it everywhere. You've got to get those eyes for it.

You've got to be like that professional photographer. Professional photographers are like this. This is what they have. Some of them, maybe they are born with it, but I think a lot of them have just developed it. They train themselves that everywhere they walk, when they're going down the city street, when they're out in the country, or wherever they are, they see photographs. The rest of us will walk right by it and say, "That's just stuff happening." But they see that old man on the street that has a face that tells a story of long ages. They see the way that shadow falls across the street at that moment, that right time of day. They see that's a photograph. That's a photograph. That's a photograph.

You've got to start looking for that with content. You've got to be like Michelangelo. According to legend anyway, he said that he could look at a block of granite and see the sculpture that was inside it, waiting for him to chisel it out. That's what you've got to train yourself to do.

So what I want to do today with the rest of this time is to give you some ways of doing that, some ways that you can look at the other content that you're reading online, or videos you're watching, conversations that you get into, listening to a conference speaker, wherever you are to start to look for that and get those content eyes. So let's break into what those are.

Like the bumper sticker says, question everything

By questioning everything here, I mean develop a questioning mind. This is a good thing to do anyway when you're reading, especially when you're reading non-fiction content or you're looking at and evaluating things. But for the content producer, this is a great tool.

When I'm looking at a piece of content, when I'm watching one of Rand's Whiteboard Friday videos, I don't just say, "Oh, it's Rand Fishkin. I've got to take everything that he says." I formulate questions in my mind. Why is that true? He just went past that fact there, but how does he know that?

Wait, I'd like to know this, but I'm looking at a Whiteboard video. I could yell at it all day, and Rand's not going to answer me. But maybe instead of just putting that question in the comments, maybe that becomes my next piece of content.

Install a question antenna

So question everything. Get those questions. Related to that -- get a question antenna up. Now what I mean by that is look for questions that are already there, but aren't getting answered. You see a great blog post on something, and then you look in the comments and see somebody has asked this great question, and neither the author of the blog post nor anybody else is really answering it adequately. Chances are, if that's a really great question, that person doesn't have it alone. There are a lot of other people out there with that same question.

So that's an opportunity for you to take that and make a piece of content out of it. We're talking here about something that's relevant to the audience that you're after, obviously. So that's another thing is looking for those questions, and not just on other pieces of content, but obviously you should be listening to your customers. What are the questions they're asking? If you don't have direct access to that, talk to your sales staff. Talk to your customer service people. Whoever interfaces with the customers, collect their questions. Those are great sources of content.

Finally, here, not finally. Second to finally, penultimate, do the mash-up. I love mash-ups. I'm totally obsessed with them. It's where somebody, an artist goes and takes two or three or sometimes more pieces of pop music --
they could be from different eras -- and puts them together in a very creative way. It's not just playing one after the other, but finds ways that they sonically match up and they can blend over each other. It might be a Beatles song over Gangster's Paradise. A whole new thing happens when they do that.

Juxtapose this! By which I mean do a mash-up.

Well, you can do mash-ups. When you're reading content or watching videos or wherever you're getting your stimulation, look for things that juxtapose in some way, that you could bring that in, in some way that nobody's done before.

Quickly, there are four kinds of things you should be looking for to do your mash-up. Sometimes you could be writing about things that intersect in some way. You might see two different pieces of content and, because you've got your content eyes out there, you say, "Ah, there's an overlap here that nobody is talking about." So you talk about it. You write about that.

It might be a total contrast. It might be like over here people are saying this, and over here people are saying that. Why is there such a difference?
Maybe you can either resolve that or even just talk about why that difference is there.

It can be just an actual contradiction. There's contradiction in this thing. Why is that contradiction there? Or maybe just where they complement each other. That's supposed to be a bridge between there. Not a very good bridge. The two things, how do they complement each other? The mash-up idea is taking two or more ideas that are out there floating around, that you've been thinking about, and bringing them together in a way that nobody else has.

Before I go on to the last one here, I just want to say "Do you see what we're doing?" We're synthesizing out of other stimulus that's out there to produce something that is unique, but birthed out of other ideas. That's where the best ideas come from. That's a way that you can be getting those ideas.

Let's brand-name-acne-treatment this topic up

Let's go to the last one here. I call it Clearasil because it's clearing things up. This is one I use a lot. Maybe it's because I have a background as a teacher years ago. I've got to make this clear. I've got to explain this. When you see something out there that is interesting or new, somebody presents some new facts, a test result, whatever it is, but they just kind of presented the facts, you could go, if you understand it, and say, "I think I know what that's happening. I think I know the implications of that." You could go and explain that. Now you have cleared that up, and you've created a great new piece of useful content.

A quick example of that kind of thing is I had a chat with Jay Baer recently, of Convince & Convert. Something he said just pinged in my mind and I said, "Yes, that's why some of my content works." He has this thing that he calls "and therefore" content. He says that he's trained his staff and himself that when they go out and they see something where somebody has said like, "This happened out there," kind of reporting of the news, they say, "Let's write about or do a video about or an audio or whatever, and therefore what this means to you, and therefore the next steps you need to take because of that, and therefore what might happen in the future." You see the power of that?

So the whole thing here is getting content eyes. Learning to see content everywhere. Train yourself. Begin to ask those questions. Begin to look at the stimulus that comes in around you. Listen, look, and find out what you can put together in a way that nobody else has before, and you'll never run out of those content ideas. Thanks a lot for joining me today.

Video transcription by Speechpad.com


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By |August 8th, 2014|MOZ|0 Comments

#GrowthBeat 2014 highlights: Facebook, 7-Eleven, & Eventbrite on 21st century digital marketing

Facebook

Growth hacking your results

Facebook

Facebook may have one billion + users but if you're living in the U.S.A, you're not exactly top of mind. “India is the single, most important country for growth,” said Alex Schultz, VP of Growth, Facebook yesterday at VentureBeat's 2014 GrowthBeat conference.

Facebook hit a wall back in 2007. It was no longer growing its existing user base. Schultz said there were a number of reasons for why that happened, in particular, because the social networking platform was no longer able to ramp up new users, getting them each to find 10 new friends in 14 days, which is considered a significant benchmark for any social networking app.

Alex was part of the original growth team at Facebook. He worked on a number of tasks, including the company's SEO products and optimizing email campaigns. In 2007, Facebook was still only available as an English-only social networking platform. Competitors like MySpace had already made itself available in multiple foreign languages. Facebook immediately set out to concentrate its resources on attracting the non-English speaking audiences.

“There's a very fine line between removing friction and tricking users” – Alex Schultz, Facebook growth market #GrowthBeat

— Dylan Tweney (@dylan20) August 6, 2014

India became ground-zero as Facebook it set out to translate (and continues to translate) the nation's near 800 languages. Hindi is the world's 4th most widely spoken language in the world today. Facebook has worked hard at translating not only Hindi but more than 80 other languages spoken in India. This includes the top three languages spoken, including Hindi, British English, and Indian English. Schultz made it clear that Facebook is no longer focused on squeezing new users out of the United States but instead has tasked itself to make the world more open and connected, which is why the company still has a growth team.

7-Eleven

7-ElevenGood news, Slurpee and Taquito fans! The folks at 7-Eleven have heard you loud and clear…via mobile! Since the convenience food chain transitioned to its mobile app, it has received nearly 14,000 comments in less than a month, which is more than what it typically gets in a whole year with an 800 line, according to Michael Debnar, the leader of 7-Eleven's Innovation Team. “When a company says it's mobile-first and mobile-only, we are mobile first and mobile-only,” said Debnar at GrowthBeat. Debnar also announced that in six month's time, 7-Eleven would be introducing new delivery networks allowing customers to stay in their cars while getting their products.

Backstage at #growthbeat getting ready to chat with 7-11 and @Medallia. Man I need a Big Gulp.

— Ina Fried (@inafried) August 6, 2014

Digital is important, and according to Debnar, the chain has 65% smart phone penetration with 18 to 35 year old males being the targeted demographic. Debnar said 7-Eleven no longer considers itself a traditional company. He even compared 7-Eleven to Uber. “I'm a huge fan of two-sided marketplaces. You have on the one side a bunch of cars, and you have on the other side a bunch of people who need a car, and they are the glue,” said Debnar. 7-Eleven has nearly 8,500 stores in the United States and for Debnar, “the chain can be that glue for a lot of things.”

Technorati @ GrowthBeat 2014

7-Eleven is working on taking a page from various startups. It created an investment channel called 7-Ventures that launched back in 2013. It has invested in customer loyalty startup, Belly, and KeyMe, a digital locksmith startup. “7-Eleven has Amazon lockers in various stores, including KeyMe services. We can become this two-sided marketplace because we have a box that's everywhere and we can connect people who need stuff from these companies and services, “ said Debnar. 7-Eleven is exploring new categories for development and if it can align itself with complimentary disruptive services, it will do so. For Debnar that means investing in more experimental food and beverage startups.

Eventbrite

The Eventbrite team one day made a useful discovery. It realized that users of the app who attend events also organize events. The company is now working to get users who purchase tickets to understand that they too should throw events on Eventbrite, according to Evenbrite's senior director of marketing for user growth, Brian Rothenberg.

Rothenberg told marketers at this year's GrowthBeat 2014 that his company is unique in its approach to growth – combining product and marketing under one umbrella. More than 58 million people have purchased tickets via EventBrite.

Rothenberg said Eventbrite gets more than 20 million unique visitors a month. Working with both his product and user experience teams, he's trying to determine where in the product can the company message that people organizing events can also purchase tickets.

Hey, marketers! Find that one, key growth driver. http://t.co/C7pu668BNI @eventbrite #GrowthBeat #marketing pic.twitter.com/XgWKD14RmG — Engagor (@engagor) August 6, 2014

In directing his analytics teams to review people's usage patterns, Rothenberg made the observation that once a person attends one event, they could very well attend another. “That piece of data helped us use better targeted trigger emails once a person has attended two or more events,” said Rothenberg.

When it comes to strategies that drive engagement, social remains a big player. Eventbrite's social email outreach has 40% open rates, and their click to purchase rate is 5%, which is also impressive for an ecommerce company. Rothenberg didn't abandon more old-fashioned ways of marketing to people. “We're even testing outbound phone calls. When behavior deviates from past behavior, we can still reach out to them.”

Eventbrite will be sure to continue tinkering with its marketing success as it now boasts a 1 billion evaluation. Be on the lookout for that IPO.

Technorati's Travis Wright leading a GrowthBeat panel.

Technorati's Travis Wright leading a GrowthBeat panel.


The post #GrowthBeat 2014 highlights: Facebook, 7-Eleven, & Eventbrite on 21st century digital marketing appeared first on Technorati.

By |August 7th, 2014|Social Media|3 Comments

#GrowthBeat 2014 highlights: Facebook, 7-Eleven, & Eventbrite on 21st century digital marketing

Facebook

Growth hacking your results

Facebook

Facebook may have one billion + users but if you're living in the U.S.A, you're not exactly top of mind. “India is the single, most important country for growth,” said Alex Schultz, VP of Growth, Facebook yesterday at VentureBeat's 2014 GrowthBeat conference.

Facebook hit a wall back in 2007. It was no longer growing its existing user base. Schultz said there were a number of reasons for why that happened, in particular, because the social networking platform was no longer able to ramp up new users, getting them each to find 10 new friends in 14 days, which is considered a significant benchmark for any social networking app.

Alex was part of the original growth team at Facebook. He worked on a number of tasks, including the company's SEO products and optimizing email campaigns. In 2007, Facebook was still only available as an English-only social networking platform. Competitors like MySpace had already made itself available in multiple foreign languages. Facebook immediately set out to concentrate its resources on attracting the non-English speaking audiences.

“There's a very fine line between removing friction and tricking users” – Alex Schultz, Facebook growth market #GrowthBeat

— Dylan Tweney (@dylan20) August 6, 2014

India became ground-zero as Facebook it set out to translate (and continues to translate) the nation's near 800 languages. Hindi is the world's 4th most widely spoken language in the world today. Facebook has worked hard at translating not only Hindi but more than 80 other languages spoken in India. This includes the top three languages spoken, including Hindi, British English, and Indian English. Schultz made it clear that Facebook is no longer focused on squeezing new users out of the United States but instead has tasked itself to make the world more open and connected, which is why the company still has a growth team.

7-Eleven

7-ElevenGood news, Slurpee and Taquito fans! The folks at 7-Eleven have heard you loud and clear…via mobile! Since the convenience food chain transitioned to its mobile app, it has received nearly 14,000 comments in less than a month, which is more than what it typically gets in a whole year with an 800 line, according to Michael Debnar, the leader of 7-Eleven's Innovation Team. “When a company says it's mobile-first and mobile-only, we are mobile first and mobile-only,” said Debnar at GrowthBeat. Debnar also announced that in six month's time, 7-Eleven would be introducing new delivery networks allowing customers to stay in their cars while getting their products.

Backstage at #growthbeat getting ready to chat with 7-11 and @Medallia. Man I need a Big Gulp.

— Ina Fried (@inafried) August 6, 2014

Digital is important, and according to Debnar, the chain has 65% smart phone penetration with 18 to 35 year old males being the targeted demographic. Debnar said 7-Eleven no longer considers itself a traditional company. He even compared 7-Eleven to Uber. “I'm a huge fan of two-sided marketplaces. You have on the one side a bunch of cars, and you have on the other side a bunch of people who need a car, and they are the glue,” said Debnar. 7-Eleven has nearly 8,500 stores in the United States and for Debnar, “the chain can be that glue for a lot of things.”

Technorati @ GrowthBeat 2014

7-Eleven is working on taking a page from various startups. It created an investment channel called 7-Ventures that launched back in 2013. It has invested in customer loyalty startup, Belly, and KeyMe, a digital locksmith startup. “7-Eleven has Amazon lockers in various stores, including KeyMe services. We can become this two-sided marketplace because we have a box that's everywhere and we can connect people who need stuff from these companies and services, “ said Debnar. 7-Eleven is exploring new categories for development and if it can align itself with complimentary disruptive services, it will do so. For Debnar that means investing in more experimental food and beverage startups.

Eventbrite

The Eventbrite team one day made a useful discovery. It realized that users of the app who attend events also organize events. The company is now working to get users who purchase tickets to understand that they too should throw events on Eventbrite, according to Evenbrite's senior director of marketing for user growth, Brian Rothenberg.

Rothenberg told marketers at this year's GrowthBeat 2014 that his company is unique in its approach to growth – combining product and marketing under one umbrella. More than 58 million people have purchased tickets via EventBrite.

Rothenberg said Eventbrite gets more than 20 million unique visitors a month. Working with both his product and user experience teams, he's trying to determine where in the product can the company message that people organizing events can also purchase tickets.

Hey, marketers! Find that one, key growth driver. http://t.co/C7pu668BNI @eventbrite #GrowthBeat #marketing pic.twitter.com/XgWKD14RmG — Engagor (@engagor) August 6, 2014

In directing his analytics teams to review people's usage patterns, Rothenberg made the observation that once a person attends one event, they could very well attend another. “That piece of data helped us use better targeted trigger emails once a person has attended two or more events,” said Rothenberg.

When it comes to strategies that drive engagement, social remains a big player. Eventbrite's social email outreach has 40% open rates, and their click to purchase rate is 5%, which is also impressive for an ecommerce company. Rothenberg didn't abandon more old-fashioned ways of marketing to people. “We're even testing outbound phone calls. When behavior deviates from past behavior, we can still reach out to them.”

Eventbrite will be sure to continue tinkering with its marketing success as it now boasts a 1 billion evaluation. Be on the lookout for that IPO.

Technorati's Travis Wright leading a GrowthBeat panel.

Technorati's Travis Wright leading a GrowthBeat panel.


The post #GrowthBeat 2014 highlights: Facebook, 7-Eleven, & Eventbrite on 21st century digital marketing appeared first on Technorati.

By |August 7th, 2014|Advertising Technology|0 Comments