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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.
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Originally published in IMC's Internet Marketing Chronicles.
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