Monthly Archives: November 2016

Power of Negative Thinking

marathon

I have run 16 marathons and now going for my 17th this Sunday. Couple of weeks before the run I am still overconfident and raving about my upcoming new record.  Week before marathon I start to be more quiet. It feels that my condition is horrible. I envision all the possible injuries I will get and the bad weather upon me. Then I usually just run it.

Although people always talk about positive thinking, actually it might be more beneficial to defensive pessimist:

“When people are being defensively pessimistic, they set low expectations, but then they take the next step which is to think through in concrete and vivid ways what exactly might go wrong. What we’ve seen in the research is if they do this in a specific, vivid way, it helps them plan to avoid the disaster. They end up performing better than if they didn’t use the strategy. It helps them direct their anxiety toward productive activity.”

-Julie Norem

Whether it is running the marathon or doing a big presentation, I generally advocate the following pattern:

1. Be generally strategic optimist: Believe in yourself and be confident

When something is still far away, envision the best possible outcome and eagerly plan to make it happen. Make public promises and be overconfident. This usually also inspires me to work more and ensure that I don´t fail.

2. Be defensive pessimist close to your performance: Make the mental image of things going really bad

When the actual event is approaching you start to freak out. That is a good thing because your defensive pessimism starts to kick in. By visualizing all the major things that go wrong you are not affected by the minor things that go wrong.

3. On gameday: Don´t think, just do it

When it is the race day or big presentation, you just let it go. You usually realize that it is not as bad as you envisioned and keep on going. After you jumped from the cliff, it is also too late to climb back.

“I would visualize the best- and the worst-case scenarios. Whether I get disqualified or my goggles fill up with water or I loser my goggle or I come in last, I´m ready for anything.

-Michael Phelps

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Why You Should Not Read This Post

Did I catch your attention?

I thought so.

In his great book ”Originals”*, Adam Grant shares story of how Babble (online parenting magazine and blog network) pitched to Disney. Rufus Griscom started his presentation by listing five reasons why Disney should not buy them. Surprisingly (or not) Disney bought Babble with 40M.

Why this counterintuitive sales tactic is actually really smart?

  1. You don´t do hard sell

Too many times when I listen to pitches, the people sound like used car salesman and are bombarding you with too many reasons to buy. That makes you sound insecure. There is a thin line between passionate and desperate. Confident salesman does not need to push.

Often times entrepreneurs who get the most investment are actually the ones who are the least enthusiastic.
– Adam Grant

  1. You anticipate their biggest concerns.

Investors are always thinking about potential challenges with their investment. When you address the concerns in the beginning you don´t need to sell your best parts so hard.

If he’s confident enough that the company is high quality that he’s willing to talk about its weaknesses, it must have some strength.

– Adam Grant

  1. You catch the attention immediately.

How many time you have been in sales pitch that follows the usual format? By flipping the script, you immediately catch the attention and you are talking to an audience that is awake.

It’s grabbing attention, it’s different, you don’t expect it.

– Adam Grant

This method does not necessarily always work, but it makes sense to shake up the status quo of your pitches from time to time.   

Assuming that the idea has some merit, when people have to work hard to generate their own objections, they will be more aware of its virtues.

– Adam Grant 

*One of the better business books of later years. It does not really have unified narrative or answer what makes people original, but it has useful anecdotes on almost every page that defy the traditional views. With majority of business books I just recommend reading executive summary, but this book is definitely worthwhile to read as a whole.

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Anatomy of An Insight: Jet.com Careculator

They say that it is better to give than to receive. Those people are wrong. Best thing is minimize the amount you are spending in others so that you can spend more on yourself:

Insight: The more you love someone, the more you feel like you have to spend on them. But it is actually hard to estimate how much you should spend for presents. Especially during christmas you feel stressed on buying the presents to your loved ones. and ensuring that you do not go overboard but also don´t lowball. What if there would be an easy way to calculate friend or family member has to you?

careculator

e-Commerce site Jet.com Careculator calculates the “value” of your friends and family based on how much they have interacted with you in Facebook. Then naturally it will recommend products from Jet.com that fit to that particular price range.

It will be interesting Christmas, as algorithm said that my present to my wife needs to only be 0.66 dollars.

Disclaimer: This campaign has been done by R/GA New York

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New Social Order: Why Everything You Learned About Social Media is Wrong?

nwo

“Messaging is the new web browser. Everyone has a phone. Everyone has a favourite messaging app on their phone. If your new thing can message people via those apps, then anyone can engage with you.”

Matt McAlister (Guardian) 

Social media has been good to me. I used to work in MySpace in its heyday. I mostly made my name after that doing many succesful Facebook campaigns. I have exploited all the useful social media channels in promoting my books, parties and whatever else I have been doing. Majority of readers to this blog come from Twitter and LinkedIn.

That being said, social media is not what it used to be. It has become big business. It has become boring. It has become predictable. Essentially social media has reached the adulthood.

Marketers took a while to learn the ropes of social media. Now we have to unlearn everything we knew about social media if we want to succeed in the new marketplace:

  1. Social media listening is becoming meaningless

70% of the social discussions cannot be tracked because they happen in ”dark social” e.g. in messenger platforms and to lesser extend e-mail and SMS (older demographics). All the social media listening tools are focusing heavily on Twitter with some Instagram and Facebook mixed in. That is hardly a representative of almost any audience. Social media listening tools focus on Twitter because it is easy to monitor. That is like only doing biceps at the gym, because it is the most convenient movement to do. The reality is that you don´t know what your audience is talking about in digital and most likely will not be able to know in the near future.

Regard social media listening as a pulse (or weak signal) of what is happening, but not the full accurate picture of your audience and what they are talking about. Unless your audience are ”social media gurus” and celebrities.

  1. Engagement with your audience is a myth

Facebook is not social media; it is paid media. There is no organic reach for the brands anymore. You have to approach Facebook with same tools and methods as TV (expect with slightly better targeting opportunities). The most interesting bit about Facebook is the whole ecosystem with WhatsApp, FB Messenger and Instagram. Referring to previous point, we might not know what people are talking on WhatsApp but soon we can target ads based on what they are talking.

Forget always-on, approach Facebook through campaigns. Do less, but bigger things. For smaller things, automate as much as possible.

  1. Chatbots are the magic bullet to bring utility to social and make brands meaningful

The whole digital experience will start to revolve around messengers. The real value brands can bring is not in human relationships, but in human-machine relationships. Community manager –model is not sustainable as it requires actual people running it. Seeing a social post of pizza will not improve your life, but ability to order pizza from the messenger will (or make it worse depending on how many pizzas you eat a week). Conversational commerce will be the biggest opportunity for the brands in the short run to become meaningful in digital sphere.

Define how you can bring value to your audience through messenger with chatbots. Move fast because your competitors are most likely thinking about the same things as well.

  1. Influencers and partnerships are the key to borrow relevance

Ad-blocking is becoming more and more prevalent. Whether your ad is in Facebook, YouTube, Instagram, the default setting for your audience will be to block it. Only way to overcome ad-blocking is Again brands should not play in human-human relationships, but as an enhancer and enabler of star-human relationship. You have to start working with relevant influencers and start creating native content with the relevant media entitities. The answer to ad-blocking is not making better ads, because once you have blocked your ads you will not unblock them just because quality of interruptions has improved.

Go where your audience is and play with their rules.

  1. Forget social media

Like said earlier, the digital behavior will start (has already started) to revolve around messengers. That will be a melting pot of social, mobile and eCommerce and you have to understand that whole melting pot to succeed in the new marketplace. Our audience is not slicing and dicing their life. Messengers are lifeline of their whole existence and there is no boundaries between real-life and digital.

Your audience does not live in silos. You should not select your vendors to specialize in silos either. 

New social order has been here for already quite a while. Is your company ready for it?

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Why Donald Trump Won The Election? Three Lessons for Marketers

Trump was not elected on a platform of decency, fairness, moderation, compromise, and the rule of law; he was elected, in the main, on a platform of resentment.
– David Remnick (New Yorker)

Yesterday was a shocking day.

trump
During the presidential race Donald Trump has showcased racism, hatred for women and downright lack of manners that should not be tolerable for leader of any organisation, not to mention the most powerful country of the world. I hope that some of the comments were just smart strategy (cynical adman in me) and there will be wiser Trump in the office.

Time will tell.

There have been lots of good articles of the reasons why Donald Trump won (both scientific and emotional), but there are three main reasons for the win that every marketer should take into account with their own marketing strategy:

1. Filter bubble

He (Trump) took advantage of a media landscape that has never been more broken, more fragmented and more open to misinformation, disinformation, and even outright hoaxes and lies.

– Matthew Ingram (Fortune)

I don´t have many Trump supporters in my Facebook friends. I don´t have lots of friends living in rural areas. My peer group is mostly comprised by knowledge workers, who have not gotten the short end of stick with globalization. Not to mention that I am Finn living in Singapore who does not really know anything about day-to-day life in USA. That is my digital world, but not the digital world for majority.

Not only in USA, the nations are divided. Is Super Bowl the last thing that brings all the people together in USA? And where digital has improved our life in many aspects, it has not brought us together. Media has lost its role as unifying force and you can nowadays ignore all the opinions that are against your worldview. Social media is not a conversation, it is a shouting match.

Never assume that your digital world is similar as your audience.

2. Top-of-mind is more important than positive sentiment

The only thing worse than being talked about is not being talked about.

– Oscar Wilde

Many politicians and brands make the mistake of trying to please everyone. For majority, that is a huge mistake. Donald Trump is living proof of this. There were more people who were against him (Hillary got more votes) and he still won. The more people talk about you, the more you will gain followers. Sometimes angering 10 to gain 1 loyalist is worth it.

Find your audience. Only focus on that audience. Don´t try to please everyone.

3. Surveys are the most unreliable method of research

Hispanics won’t vote for Trump. Well, no, it turns out that Hispanics won’t tell pollsters – not even those automated telephone polls that they use in the States – that they will vote for Trump. Many of them just go out and quietly vote for Trump in larger numbers than they voted for Mitt Romney last time.

– John Rentoul (Independent)

If we would believe in surveys, everyone would be eating healthily, recycling and not voting for Trump. People lie in surveys. They want to portray certain image and are bad at self-reflecting. Words are cheap, behavior is the only thing that truly matters. Surveys and digital pre-testing are waste of money at their best and harmful at their worst. 

Don´t believe what people say. Follow how they move (location), how they spend their money (consumption patterns) and with whom they are in contact (social). 

The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

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