Startups – How Do You Like Them Apples?

Starting a business is like flying by the seat of your pants. Even experienced entrepreneurs experience the simultaneous challenges of validating and launching a product, marketing, resourcing, managing staff, engaging stakeholders and securing funding. Often – in the whirlwind – a strategic approach to marketing is lost. Or worse – ignored. My view (as it would be), is that it is never too early to market.

But wouldn’t it be great if there was a way that you could accelerate your marketing? What if you could draw upon the experience and know-how of not just your best-friend-who-does-some-marketing, but one of the world’s most respected agencies?

You are thinking big dollars, right?

And yes, it could easily cost $100k.

A Little Help from Leo Burnett

During the Great Depression, Leo Burnett opened a small advertising agency. As a symbol of hope in a gloomy and challenging time, a bowl of fresh apples was placed at the front desk to welcome clients.

These days, Leo Burnett is one of the world’s largest communications companies – and they still welcome clients with fresh apples.

And now – with Help from Leo – they are aiming to give one new Australian business the chance to win $100k in strategic and creative advice.

How? They are taking the apples and turning them into a cider business.

http://youtu.be/KF6D7LYISuA

If you think your business – your startup – or your idea could do with a boost, it’s time to hone your pitching skills. To be in the running, the minimum entry requirement is a short written statement of up to 250 words describing your business vision. Polish your words and enter at www.helpfromleo.com.

Prize is up to $100,000 (incl. GST) worth of strategic and creative advice for a single project, and excludes execution of ideas, including production or placement of any TV, press, radio, digital or other campaign, and also excludes 3rd party / external costs. Value of prize will depend on project winner requests. Conditions apply see helpfromleo.com. Ends 03/05/13. Entrant must be 18+ and own or own a majority of an Australian business with an ABN operating for 2 years or less as at 02/04/13. Limit 1 entry per business. Crafted by Leo Burnett with assistance from Eling Forest Winery.

Good luck!

Do You Hire Well? A Lesson From HubSpot

I have been a fan of HubSpot for some time. I love the way that they relentlessly connect the dots between marketing and action, between marketers and their customers, and the web and the business of marketing.

Over the years, the HubSpot team have developed and driven the concept of inbound marketing – releasing free tools to help educate and empower marketers, sharing webinars, whitepapers and a constant stream of email messages. I’m not saying that, at times, the stream of content is not overwhelming … it can be. But the underlying message is what fascinates me – you are left with the unmistakeable impression that if the web is a new way of doing business, then HubSpot is leading the way.

But what makes this new breed of company tick? What happens when you scratch beneath the surface – and is it really any different from the businesses that we are used to dealing with?

With the release of the HubSpot Culture Code, we can gain a glimpse into the philosophies and policies that inform and activate their culture. They have rethought the old and newer ways of working around focus, support, working hours, workplace and tenure. And the culture code makes the point that while people have changed, “many organizations operate as if they’re frozen in time”. (In many ways, some of these concepts feel foreign, unexpected, like travelling to a place that is familiar yet different at its core.)

You can leaf through the culture code below or on Slideshare. As an organisation dedicated to transparency (radically and uncomfortably), it makes sense. But how many other businesses do the same? How many business could bring themselves to operate in this way?

They say it’s to do with the care and attention with which they choose colleagues. And for a company that is hiring, the culture code is perhaps, the greatest advertisement there is. Nice work – inbound marketing at its finest, especially when you’re aiming to attract people, not clicks.

Getting a Handle on Bitcoin

I must admit to being more than a little intrigued by Bitcoin, the open source, peer-to-peer digital currency. In fact, anything with the words “open source, peer-to-peer and digital” in its description is likely to pique my interest. But as a currency, Bitcoin operates independently of central banks or a central organisation – which in times of sovereign debt crises adds to its attractiveness.

Very few of us go through the process of thinking through how our currencies actually work. We know enough to understand our local banking systems – and the way that they manage transactions, the money supply and so on – but Bitcoin operates in a completely different way. As a peer-to-peer currency, there is no centralised control. There is no gold standard. To purchase Bitcoins, you need an account with a Bitcoin exchange, like Mt. Gox, which requires a form of verification. But Mt. Gox is not a bank – and once you have purchased Bitcoins you need to store them in a wallet. You can then use those Bitcoins to buy and sell – to transact with others who trade in Bitcoins.

Sounds complicated, right? And it is. Thankfully Duncan Elms has put together a video explaining the way Bitcoins work. It goes some way to clarify some of the complexity that underlies this new, and growing digital currency.

But once you know all this, what will you do? Will you throw caution to the wind and setup a trading account? Will you use Bitcoins to buy and sell real and virtual world things? Or will you watch from afar?

Bitcoin Explained from Duncan Elms on Vimeo.

Five Must-Read Posts from Last Week

A blast of innovation this week with a focus on ideas, creativity and transforming them into something useful. Like work. Or customers. Or a change in the world we’re living in. What’s not to love?

  1. If there is one thing we crave, it is surety. But, of course, everything we face is uncertain – which can lead to a certain level of anxiety. How do we then best meet uncertainty? Ben Kunz shares three ideas for doing so.
  2. Can you force a good idea or do you have to wait for them to visit upon you? The Bull suggests that your best ideas will come unexpectedly. What do you think?
  3. Sheryl Sandberg has attracted plenty of positive and negative attention with her book Lean In. But what’s the message that goes deeper? Ann Handley heard the Facebook COO speak in person and her summary may surprise you.
  4. There is no doubt that retail needs to be reinvented. But what would that look like? PSFK take a closer look at virtual grocery displays. Is it a glimpse into the near future?
  5. I mobile innovation on your agenda this year? CK thinks it should be part of every marketer’s arsenal. Here’s why.

It’s Not Charity: It’s Social Enterprise-investing in the future

When I give money to charity, I look closely at the aims of the organisation. I listen to the story and look for the downstream impact. And I look at the finances. I am keen to know how much of the money that is donated goes to programs and how much goes to administration.

Over the years my giving has changed. I noticed that I became more focused on this programs/administration split. I would stop supporting organisations as the admin component grew. In frustration, I eventually shifted my entire focus away from larger organisations to Kiva and to Vibewire – a youth arts and media not-for-profit. Through Kiva I have funded almost 100 loans now and continuously roll them over – I see them less as charity and more as social enterprise. In fact, that is what they are.

The same can be said for Vibewire which is entirely focused on providing a launchpad for young change makers.

But through my work with Vibewire, where I also serve as President, I have also learned about the need for administrative – or core – funding. Sure it is important to support programs and to impact individuals, but not-for-profits run on passion, enthusiasm and commitment. The money simply keeps the doors open. In general, NFPs stretch every last cent out of their available funds. On the surface, this is great. But in doing so, they find themselves with very little capacity to innovate.

As a result, the impact of change is more like a ripple than a tidal wave.

And yet, when we give to charity, we want and EXPECT to see that massive, transformational change. As Dan Palotta explains in the video below, charities are rewarded for how little they spend, rather than on the results that they achieve. Surely this should be the other way around.

So next time you are giving to charity, think about your actions and expectations. What happens when you think of your giving not as a GIFT but as an INVESTMENT in the future?

That’s the way I think of Vibewire (which is easier since it works specifically with young people). See what happens when you change the way you think about charity. What impact do you want to see and how can you make it happen – beyond the transaction of donating/giving? Take an additional step. Contribute skills. Expertise. Get involved. After all, it’s your future too.

Convergent Storytelling – or how to tell a mofo of a story

When we think of convergence, we tend to think of the obvious – of like things coming together. “Convergent media” for example is often seen as a force for disruption – yet for me, it’s far from disruptive. In fact, I’d go so far to say that it is assertive.

But what happens when the technology of production and the technology of distribution are brought to the forefront of the experience? What happens when the gaming and comic genres forcefully collide to produce new narratives and modes of storytelling? What happens when music becomes a mode of expression and commentary, doubling in on itself? And what happens when the viewer is drawn into the total experience, emerging gasping minutes later?

That what you get with the Biting Elbow’s official video for their song Bad Motherfucker (yes, don’t play it in the office without headphones).

So now think, what can you learn from the techniques, craft and approach? How would a tamed down version of this drive engagement with your customer base? What would it mean – and would you be ready for a luke warm take on this?

Biting Elbows – ‘Bad Motherfucker’ (Insane Office Escape 2) from Ilya Naishuller on Vimeo.

Five Must-Read Posts from Last Week

What is creativity? How do we link it to business – and how do we make a business OUT of that creative impulse? These are all questions that link the five must-read posts from last week. And interestingly, at least for me, the answer is not what you’d expect.

  1. When Google decided to shut down its Reader product, it sent shockwaves through its community of influencers. So when it came time to launch Evernote competitor, Keep, Om Malik decided it may not be worth the investment. Great article reminding us all that a “Free” product always comes with a cost.
  2. Do you feel that you have the tools, skills and capability to be innovative at work? Do you have permission? If you answered “no”, Glenn Llopis says you are not alone.
  3. There is no doubt that both internal and external forces are bringing CIOs and CMOs together. But how do we recalibrate our businesses? Dion Hinchcliffe looks at the new reality.
  4. Jonathan Crossfield takes a deep dive into marketing statistics and infographics. What does he find? Confusion.
  5. When Bill Bernbach resigned from Grey Advertising to start DDB, he not only left behind a legacy (and created a new one). He left a letter exhorting his colleagues to creative greatness. Read his blistering resignation/challenge at Neil Perkin’s blog.

Brand Storytelling: Teradata’s Case of the Tainted Lasagna

Brand storytelling can be hard work. Not only are there all the internal hurdles to overcome, sign-offs and legal checks and so on – there is also the challenge of subject matter. What do you do if you have a complex product or solution that you are trying to explain? Which channels do you choose – and how do you incorporate social media into the mix.

I was recently speaking with a financial services industry CEO who lamented that they have the most boring product in the world. He couldn’t see how it would resonate with a social media-savvy audience.

But social media is not broadcast – especially in B2B (business-to-business) marketing. You’re not trying to reach and engage millions of people – you are (or should be) focused on the buyer’s journey and helping to ease your customer’s decision making process. That means selecting the most appropriate channel – and delivering content that provides very specific value to your customer at their point of need. And brand storytelling can form a very powerful component of your content strategy and lead nurturing program.

Still unsure of how this might work for you and your brand?

Enterprise software vendor, Teradata, have been experimenting with brand storytelling for some time and have taken a novel approach that you may want to steal (I mean “learn from”). Tapping into pop culture’s interest in forensic analysis (a la CSI), they have created a series of videos that take a new approach to case studies and product/solution brochures. The “Business Scenario Investigations” or “BSI” team dramatize business problems and then showcase how technology can be used to “solve” the problem.

http://www.youtube.com/watch?v=BaXpsNATecc

Each of their videos can be found on the BSI: Teradata Facebook page as well as the YouTube channel. They cleverly provide a powerpoint version of the scenario via Slideshare and share the storyboarding process from problem definition to casting through to resolution.  And while the case of the tainted lasagna may not be to your taste, it’s likely to be very appealing to those CIOs and CMOs wanting to understand how data can transform their businesses. And that’s tasty. Very tasty indeed.

51: CSI: Investigates! Kit via Compfight

Five Must-Read Posts from Last Week

Over the last week there have been dozens of brilliant articles published. But these five posts really caught my attention – with original thinking and expression and a point of view that is hard to ignore.

Hope you enjoy them all!

  1. A welcome return post by Rob Campbell delights us all.
  2. Paul Wallbank shares yet another way businesses damage their brands by outsourcing the customer experience. Here’s what he has to say about Energy Australia and AGL.
  3. Neil Patel explains how we need to think like Google.
  4. A great new Tumblr arises thanks to James Sims – a great repository of digital campaigns that don’t suck
  5. I’ve long been suspicious of TED, but couldn’t quite put my finger on it. Umair Haque gives voice to my misgivings with the excellent Let’s Save Great Ideas from the Ideas Industry

Hands-on Guide to Social Media Channel Selection

I have always been a fan of the CMO.com guide to channel selection. Each year for the last few years, the CMO.com folks have put together a handy guide that explains exactly how each of the main social media channels can be best used.

This year, rather than producing an infographic (as in previous years), the guide has become interactive.

You simply select a social network and mouse over the various good, ok and bad options to learn more about how they can be used effectively.

CMO-landscape2013

Unfortunately, the guide only covers Facebook, Google+, Twitter, Pinterest, LinkedIn and YouTube. Which is a shame, as marketers seeking to put their content to work are likely to find niche social networks will deliver more bang for the buck. However, if you just want to validate your tactics and share that with your boss, this hands-on guide to social media channel selection may be just what you need to share internally.